Consolidated Financial Results

for the Fiscal Year Ended January 31, 2023

[Japanese GAAP]

March 13, 2023

Company name: ACCESS CO., LTD.

Stock exchange listing: Tokyo Stock Exchange

Securities code: 4813

URL: https://www.access-company.com

Representative: Kiyoyasu Oishi, Representative Director, President & CEO

Contact: Mitsuhiro Okada, Executive Officer, CFO, VP of Corporate Administration Unit

Phone: +81-3-6853-9088

Scheduled date of Ordinary General Meeting of Shareholders: April 20, 2023

Scheduled date of filing annual securities report: April 21, 2023

Scheduled date of commencing dividend payments: -

Availability of supplementary briefing material on financial results: Available

Schedule of financial results briefing session: Scheduled (for institutional investors and analysts)

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Fiscal Year Ended January 31, 2023 (February 1, 2022 to January 31,

2023)

(1) Consolidated Operating Results

(% indicates changes from the previous corresponding period.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Fiscal year ended

Million yen

%

Million yen

%

Million yen

%

Million yen

%

January 31, 2023

13,060

32.5

(1,707)

-

(1,337)

-

(2,684)

-

January 31, 2022

9,853

31.1

(3,219)

-

(2,646)

-

(3,049)

-

(Note) Comprehensive income: Fiscal year ended January 31, 2023: ¥ (2,093) million [-%]

Fiscal year ended January 31, 2022: ¥ (2,084) million [-%]

Basic earnings

Diluted earnings

Rate of return on

Rate of return on

Operating profit

per share

per share

equity

total assets

margin

Fiscal year ended

Yen

Yen

%

%

%

January 31, 2023

(69.90)

-

(11.3)

(5.0)

(13.1)

January 31, 2022

(77.96)

-

(11.6)

(9.2)

(32.7)

(Reference) Equity in earnings (losses) of affiliated companies: Fiscal year ended January 31, 2023: ¥38 million Fiscal year ended January 31, 2022: ¥46 million

(2) Consolidated Financial Position

Total assets

Net assets

Equity ratio

Net assets per share

Million yen

Million yen

%

Yen

As of January 31, 2023

25,240

22,062

87.2

588.39

As of January 31, 2022

27,962

25,393

90.6

646.98

(Reference) Equity: As of January 31, 2023: ¥22,018 million

As of January 31, 2022: ¥25,339 million

(3) Consolidated Cash Flows

Cash flows from

Cash flows from

Cash flows from

Cash and cash

equivalents at end of

operating activities

investing activities

financing activities

period

Fiscal year ended

Million yen

Million yen

Million yen

Million yen

January 31, 2023

953

(2,920)

(1,322)

11,584

January 31, 2022

641

(2,348)

(36)

15,092

2. Dividends

Annual dividends

Payout

Dividends

Total

to net

1st

2nd

3rd

ratio

Year-end

Total

dividends

assets

quarter-end

quarter-end

quarter-end

(consolidated)

(consolidated)

Fiscal year ended

Yen

Yen

Yen

Yen

Yen

Million yen

%

%

January 31, 2022

－

0.00

－

0.00

0.00

－

－

－

January 31, 2023

－

0.00

－

0.00

0.00

－

－

－

Fiscal year ending

January 31, 2024

－

－

－

－

－

－

(Forecast)

(Note) Dividend for the fiscal year ending January 31, 2024 has not been determined yet.

3. Consolidated Financial Results Forecast for the Fiscal Year Ending January 31, 2024 (February 1, 2023 to January 31, 2024)

(% indicates changes from the previous corresponding period.)

Net sales

Operating profit

Ordinary profit

Profit attributable

Basic earnings

to owners of parent

per share

2nd quarter

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

6,180

20.3

(1,290)

-

(1,315)

-

(1,349)

-

(36.05)

(cumulative)

Full year

15,500

18.7

500

-

450

-

270

-

7.22

(Note) As stated in our press release "Notice Regarding the Company's Response to the Bankruptcy of Silicon Valley Bank in the United States" announced today, the consolidated financial results forecast for the fiscal year ending January 31, 2024 has been calculated based on the assumption that the effect of this event on the Group is insignificant as of this moment.

* Notes:

(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in scope of consolidation): No

Newly added: - (Name) -

Excluded: - (Name) -

  1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
    1. Changes in accounting policies due to the revision of accounting standards: Yes
    2. Changes in accounting policies other than 1) above: No
    3. Changes in accounting estimates: No
    4. Retrospective restatement: No
  3. Total number of issued shares (common stock)
    1. Total number of issued shares at the end of the period (including treasury shares):

January 31, 2023: 39,633,000 shares

January 31, 2022: 39,633,000 shares

  1. Total number of treasury shares at the end of the period: January 31, 2023: 2,212,255 shares
    January 31, 2022: 466,421 shares
  2. Average number of shares during the period:

Fiscal year ended January 31, 2023: 38,401,786 shares

Fiscal year ended January 31, 2022: 39,113,322 shares

  • The number of treasury shares includes the number of the Company's shares held by the Employee Stock Ownership Plan (fiscal year ended January 31, 2023: 404,800 shares, fiscal year ended January 31, 2022: 465,100 shares).

(Reference) Summary of Non-consolidated Financial Results

1. Non-consolidated Financial Results for the Fiscal Year Ended January 31, 2023 (February 1, 2022 to

January 31, 2023)

(1) Non-consolidated Operating Results

(% indicates changes from the previous corresponding period.)

Net sales

Operating profit

Ordinary profit

Profit

Fiscal year ended

Million yen

%

Million yen

%

Million yen

%

Million yen

%

January 31, 2023

6,091

2.9

459

-

269

(25.2)

135

-

January 31, 2022

5,920

27.6

(193)

-

360

-

(1,292)

-

Basic earnings

Diluted earnings

per share

per share

Fiscal year ended

Yen

Yen

January 31, 2023

3.52

-

January 31, 2022

(33.04)

-

(2) Non-consolidated Financial Position

Total assets

Net assets

Equity ratio

Net assets per share

Million yen

Million yen

%

Yen

As of January 31, 2023

28,768

27,849

96.7

743.17

As of January 31, 2022

30,131

28,928

95.9

737.60

(Reference) Equity: As of January 31, 2023: ¥27,809 million As of January 31, 2022: ¥28,889 million

  • These financial results are outside the scope of audit by certified public accountants or audit firms.
  • Explanation of the proper use of financial results forecast and other notes

Financial results forecasts stated herein are determined based on information available to the Company and the Group as of the disclosure date of this document and contain various inherent risks and uncertainties. Please be advised that actual results may differ significantly from the financial results forecasts stated herein due to various factors including the economic conditions surrounding the Company and the Group's business, market trends, and exchange rates.

Table of Contents

1. Overview of Business Results, etc. .............................................................................................................. 2

(1)

Overview of Business Results for the Current Fiscal Year

2

(2)

Overview of Financial Position for the Current Fiscal Year

4

(3)

Overview of Cash Flows for the Current Fiscal Year

5

(4)

Future Outlook

5

(5)

Basic Policy Concerning Profit Distribution and Dividends for the Current and Next Fiscal Year

5

2. Basic Stance Concerning Choice of Accounting Standards

6

3. Consolidated Financial Statements and Primary Notes

7

(1)

Consolidated Balance Sheets

7

(2)

Consolidated Statements of Income and Comprehensive Income

9

(3)

Consolidated Statements of Changes in Net Assets

11

(4)

Consolidated Statements of Cash Flows

13

(5)

Notes to the Consolidated Financial Statements

15

(Notes on Going Concern Assumption)

15

(Important Matters That Form the Basis for Preparing Consolidated Financial Statements)

15

(Significant Accounting Estimates)

18

(Changes in Accounting Policies)

19

(Accounting Standards, etc. Yet to be Applied)

20

(Additional Information)

20

(Notes to Consolidated Balance Sheets)

21

(Notes to Consolidated Statements of Income)

21

(Notes to Consolidated Statements of Comprehensive Income)

23

(Notes to Consolidated Statements of Changes in Net Assets)

23

(Notes to Consolidated Statements of Cash Flows)

25

(Segment Information)

26

(Per Share Information)

31

(Significant Subsequent Events)

32

1

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Access Co. Ltd. published this content on 10 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2023 01:03:03 UTC.