Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results

for the Year Ended March 31, 2023

(Based on Japanese GAAP)

May 12, 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 of ordinary general meeting of shareholders:

June 27, 2023

Scheduled date to file Securities Report:

June 28, 2023

Scheduled date to commence dividend payments:

June 28, 2023

Preparation of supplementary material on financial results:

No

Holding of financial results meeting:

No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)

(1) Consolidated operating results

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

%

Year ended March 31, 2023

41,950

0.7

19,034

10.9

19,217

11.0

13,401

10.2

Year ended March 31, 2022

41,676

-

17,166

-

17,316

-

12,165

-

Earnings per share

Diluted earnings per

Profit attributable to

Ordinary profit/total

Operating profit/net

share

owners of

assets

sales

parent/equity

Yen

Yen

%

%

%

Year ended March 31, 2023

208.67

-

17.3

20.7

45.4

Year ended March 31, 2022

189.42

-

18.4

21.4

41.2

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen

%

Yen

As of March 31, 2023

99,458

83,677

84.1

1,302.90

As of March 31, 2022

86,224

71,300

82.7

1,110.18

(3) Consolidated cash flows

Cash flows from

Cash flows from

Cash flows from

Cash and cash equivalents

operating activities

investing activities

financing activities

at end of period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Year ended March 31, 2023

16,805

(3,852)

(1,027)

70,469

Year ended March 31, 2022

14,081

(2,021)

(1,026)

58,541

2. Cash dividends

Annual dividends per share

Total cash

Dividend payout

Ratio of dividends

to net assets

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

dividends (Total)

ratio (Consolidated)

(Consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

Year ended March 31, 2022

-

8.00

-

8.00

16.00

1,027

8.4

1.6

Year ended March 31, 2023

-

8.00

-

10.00

18.00

1,156

8.6

1.5

Year ending March 31, 2024

-

10.00

-

10.00

20.00

-

(Forecast)

1

3. Notes

(1)

Changes in significant subsidiaries during the year ended March 31, 2023

No

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

(2)

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

(3) Number of issued shares (common shares)

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

As of March 31, 2023

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 March 31, 2023

882

shares

As of March 31, 2022

845

shares

Average number of shares during the period

Year ended March 31, 2023

64,223,921

shares

Year ended March 31, 2022

64,223,994

shares

2

Consolidated financial statements

Consolidated balance sheets

(Millions of yen)

As of March 31, 2022

As of March 31, 2023

Assets

Current assets

Cash and deposits

62,151

73,137

Notes and accounts receivable - trade

2,537

2,720

Securities

5,000

7,000

Merchandise and finished goods

738

722

Raw materials and supplies

2,430

1,356

Prepaid expenses

2,768

2,334

Other

719

1,259

Allowance for doubtful accounts

(36)

(37)

Total current assets

76,308

88,491

Non-current assets

Property, plant and equipment

Buildings and structures

9,450

9,447

Tools, furniture and fixtures

1,491

1,495

Land

3,569

3,569

Accumulated depreciation

(8,477)

(8,600)

Total property, plant and equipment

6,033

5,911

Intangible assets

Software

2,705

3,321

Software in progress

308

257

Other

0

0

Total intangible assets

3,014

3,579

Investments and other assets

Investment securities

25

28

Deferred tax assets

601

836

Other

431

801

Allowance for doubtful accounts

(190)

(190)

Total investments and other assets

868

1,475

Total non-current assets

9,916

10,966

Total assets

86,224

99,458

3

(Millions of yen)

As of March 31, 2022

As of March 31, 2023

Liabilities

Current liabilities

Accounts payable - trade

620

819

Accounts payable - other

1,748

1,623

Income taxes payable

2,843

3,605

Unearned revenue

8,319

7,814

Provision for bonuses

572

696

Other

694

1,078

Total current liabilities

14,797

15,637

Non-current liabilities

Retirement benefit liability

104

123

Other

22

20

Total non-current liabilities

127

143

Total liabilities

14,924

15,780

Net assets

Shareholders' equity

Share capital

10,146

10,146

Capital surplus

12,293

12,293

Retained earnings

48,989

61,362

Treasury shares

(1)

(2)

Total shareholders' equity

71,427

83,801

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

5

7

Foreign currency translation adjustment

(123)

(124)

Remeasurements of defined benefit plans

(9)

(6)

Total accumulated other comprehensive income

(127)

(123)

Total net assets

71,300

83,677

Total liabilities and net assets

86,224

99,458

4

Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income

(Millions of yen)

Fiscal year ended

Fiscal year ended

March 31, 2022

March 31, 2023

Net sales

41,676

41,950

Cost of sales

9,799

8,777

Gross profit

31,877

33,173

Selling, general and administrative expenses

Advertising expenses

7,270

6,365

Employees' salaries and allowances

1,445

1,405

Provision for bonuses

287

351

Retirement benefit expenses

54

41

Research and development expenses

1,023

1,276

Other

4,629

4,698

Total selling, general and administrative expenses

14,711

14,138

Operating profit

17,166

19,034

Non-operating income

Foreign exchange gains

80

69

Interest income

22

80

Rental income

45

33

Other

18

11

Total non-operating income

167

195

Non-operating expenses

Rental expenses

3

1

Other

12

10

Total non-operating expenses

16

12

Ordinary profit

17,316

19,217

Extraordinary income

Gain on sale of investment securities

2

1

Total extraordinary income

2

1

Profit before income taxes

17,319

19,218

Income taxes - current

4,720

6,053

Income taxes - deferred

433

(236)

Total income taxes

5,153

5,817

Profit

12,165

13,401

Profit attributable to owners of parent

12,165

13,401

5

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Disclaimer

Justsystems Corporation published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2023 07:29:02 UTC.