JustSystems : Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2023

November 11, 2022

Company name:

JustSystems Corporation

Stock exchange listing:

Tokyo

Stock code:

4686

URL https://www.justsystems.com/en/

Representative:

Kyotaro Sekinada, President & CEO

Inquiries:

Hiroshi Shigeta, Division Director of the Corporate Planning Div.

TEL:

+81-3-5324-7900

Scheduled date to file Quarterly Securities Report:

November 14, 2022

Scheduled date to commence dividend payments:

December 5, 2022

Preparation of supplementary material on quarterly financial results:

No

Holding of quarterly financial results meeting:

No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the six months ended September 30, 2022 (from April 1, 2022 to September 30, 2022)

(1) Consolidated operating results (cumulative)

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Six months ended September 30, 2022

21,097

(0.3)

10,335

4.2

10,508

5.6

7,226

3.7

Six months ended September 30, 2021

21,158

-

9,919

-

9,953

-

6,970

-

Earnings per share

Diluted earnings per share

Yen

Yen

Six months ended September 30, 2022

112.52

-

Six months ended September 30, 2021

108.54

-

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

As of September 30, 2022

97,472

78,006

80.0

As of March 31, 2022

86,224

71,300

82.7

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended March 31, 2022

-

8.00

-

8.00

16.00

Year ending March 31, 2023

-

8.00

Year ending March 31, 2023 (Forecast)

-

8.00

16.00

3. Notes

(1)

Changes in significant subsidiaries during the six months ended September 30, 2022

No

(changes in specified subsidiaries resulting in the change in scope of consolidation):

(2)

Application of special accounting methods for preparing quarterly consolidated financial statements:

No

(3)

Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements

Changes in accounting policies due to revisions to accounting standards and other regulations:

No

Changes in accounting policies due to other reasons:

No

Changes in accounting estimates:

No

Restatement of prior period financial statements:

No

(4)

Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

As of September 30, 2022

64,224,800 shares

As of March 31, 2022

64,224,800 shares

Number of treasury shares at the end of the period

As of September 30, 2022

882 shares

As of March 31, 2022

845 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)

Six months ended September 30, 2022

64,223,923 shares

Six months ended September 30, 2021

64,224,012 shares

(Millions of yen)

As of March 31, 2022

As of September 30, 2022

Assets

Current assets

Cash and deposits

62,151

68,480

Notes and accounts receivable - trade

2,537

2,568

Securities

5,000

10,000

Merchandise and finished goods

738

415

Raw materials and supplies

2,430

1,972

Prepaid expenses

2,768

2,143

Other

719

1,066

Allowance for doubtful accounts

(36)

(35)

Total current assets

76,308

86,611

Non-current assets

Property, plant and equipment

Buildings and structures, net

2,364

2,315

Land

3,569

3,569

Other, net

99

87

Total property, plant and equipment

6,033

5,972

Intangible assets

Software

2,705

2,656

Software in progress

308

682

Other

0

0

Total intangible assets

3,014

3,339

Investments and other assets

Investment securities

25

25

Other

1,032

1,714

Allowance for doubtful accounts

(190)

(190)

Total investments and other assets

868

1,549

Total non-current assets

9,916

10,861

Total assets

86,224

97,472

(Millions of yen)

As of March 31, 2022

As of September 30, 2022

Liabilities

Current liabilities

Accounts payable - trade

620

313

Accounts payable - other

1,748

1,320

Income taxes payable

2,843

3,812

Unearned revenue

8,319

11,993

Provision for bonuses

572

872

Other

694

1,027

Total current liabilities

14,797

19,340

Non-current liabilities

Retirement benefit liability

104

101

Other

22

24

Total non-current liabilities

127

126

Total liabilities

14,924

19,466

Net assets

Shareholders' equity

Share capital

10,146

10,146

Capital surplus

12,293

12,293

Retained earnings

48,989

55,701

Treasury shares

(1)

(2)

Total shareholders' equity

71,427

78,140

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

5

5

Foreign currency translation adjustment

(123)

(132)

Remeasurements of defined benefit plans

(9)

(6)

Total accumulated other comprehensive income

(127)

(133)

Total net assets

71,300

78,006

Total liabilities and net assets

86,224

97,472

(Millions of yen)

Six months ended

Six months ended

September 30, 2021

September 30, 2022

Net sales

21,158

21,097

Cost of sales

5,028

4,392

Gross profit

16,130

16,705

Selling, general and administrative expenses

6,211

6,369

Operating profit

9,919

10,335

Non-operating income

Interest income

4

22

Dividend income

0

0

Foreign exchange gains

5

133

Rental income

22

16

Other

9

5

Total non-operating income

41

177

Non-operating expenses

Rental expenses

1

0

Other

5

2

Total non-operating expenses

7

3

Ordinary profit

9,953

10,508

Profit before income taxes

9,953

10,508

Income taxes

2,982

3,282

Profit

6,970

7,226

Profit attributable to owners of parent

6,970

7,226