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

February 10, 2023

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:

February 13, 2023

Scheduled date to commence dividend payments:

-

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 nine months ended December 31, 2022 (from April 1, 2022 to December 31, 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

%

Nine months ended December 31, 2022

31,137

(0.1)

14,953

7.2

15,105

7.7

10,442

6.4

Nine months ended December 31, 2021

31,170

-

13,950

-

14,029

-

9,812

-

Earnings per share

Diluted earnings per share

Yen

Yen

Nine months ended December 31, 2022

162.60

-

Nine months ended December 31, 2021

152.79

-

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

As of December 31, 2022

95,505

80,720

84.5

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 nine months ended December 31, 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 December 31, 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 December 31, 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)

Nine months ended December 31, 2022

64,223,922 shares

Nine months ended December 31, 2021

64,224,003 shares

(Millions of yen)

As of March 31, 2022

As of December 31, 2022

Assets

Current assets

Cash and deposits

62,151

70,037

Notes and accounts receivable - trade

2,537

2,455

Securities

5,000

7,000

Merchandise and finished goods

738

747

Raw materials and supplies

2,430

1,100

Prepaid expenses

2,768

2,072

Other

719

1,059

Allowance for doubtful accounts

(36)

(32)

Total current assets

76,308

84,439

Non-current assets

Property, plant and equipment

Buildings and structures, net

2,364

2,291

Land

3,569

3,569

Other, net

99

80

Total property, plant and equipment

6,033

5,941

Intangible assets

Software

2,705

2,567

Software in progress

308

1,126

Other

0

0

Total intangible assets

3,014

3,693

Investments and other assets

Investment securities

25

27

Other

1,032

1,592

Allowance for doubtful accounts

(190)

(190)

Total investments and other assets

868

1,430

Total non-current assets

9,916

11,065

Total assets

86,224

95,505

(Millions of yen)

As of March 31, 2022

As of December 31, 2022

Liabilities

Current liabilities

Accounts payable - trade

620

353

Accounts payable - other

1,748

1,615

Income taxes payable

2,843

2,398

Unearned revenue

8,319

8,405

Provision for bonuses

572

710

Other

694

1,177

Total current liabilities

14,797

14,661

Non-current liabilities

Retirement benefit liability

104

102

Other

22

20

Total non-current liabilities

127

123

Total liabilities

14,924

14,785

Net assets

Shareholders' equity

Share capital

10,146

10,146

Capital surplus

12,293

12,293

Retained earnings

48,989

58,404

Treasury shares

(1)

(2)

Total shareholders' equity

71,427

80,842

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

5

7

Foreign currency translation adjustment

(123)

(123)

Remeasurements of defined benefit plans

(9)

(6)

Total accumulated other comprehensive income

(127)

(122)

Total net assets

71,300

80,720

Total liabilities and net assets

86,224

95,505

(Millions of yen)

Nine months ended

Nine months ended

December 31, 2021

December 31, 2022

Net sales

31,170

31,137

Cost of sales

7,404

6,516

Gross profit

23,766

24,621

Selling, general and administrative expenses

9,815

9,667

Operating profit

13,950

14,953

Non-operating income

Interest income

10

59

Dividend income

0

0

Foreign exchange gains

26

62

Rental income

33

24

Other

16

8

Total non-operating income

87

155

Non-operating expenses

Rental expenses

2

1

Other

5

2

Total non-operating expenses

8

4

Ordinary profit

14,029

15,105

Profit before income taxes

14,029

15,105

Income taxes

4,216

4,662

Profit

9,812

10,442

Profit attributable to owners of parent

9,812

10,442