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 June 30, 2022

(Based on Japanese GAAP)

August 4, 2022

Company name:

Computer Institute of Japan, Ltd.

Stock exchange listing:

Tokyo

Stock code:

4826

URL https://www.cij.co.jp/

Representative:

President and Chief Executive Officer

Akihiko Sakamoto

Inquiries:

Executive Officer Management Planning

Takashi Morita

TEL 045-222-0555

Dept. Manager

Scheduled date of ordinary general meeting of shareholders:

September 15, 2022

Scheduled date to file Securities Report:

September 15, 2022

Scheduled date to commence dividend payments:

August 30, 2022

Preparation of supplementary material on financial results:

Yes

Holding of financial results meeting:

Yes

(for analysts)

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended June 30, 2022 (from July 1, 2021 to June 30, 2022)

(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 June 30, 2022

21,467

5.3

1,570

13.2

1,598

14.5

971

5.4

Year ended June 30, 2021

20,392

(1.4)

1,386

(11.0)

1,396

(9.0)

921

(12.4)

Diluted earnings per

Profit attributable to

Ordinary profit/total Operating profit/net

Earnings per share

owners of

share

parent/equity

assets

sales

Yen

Yen

%

%

%

Year ended June 30, 2022

49.16

-

7.2

9.7

7.3

Year ended June 30, 2021

46.43

-

7.1

8.8

6.8

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen

%

Yen

As of June 30, 2022

16,680

13,740

82.4

694.93

As of June 30, 2021

16,251

13,104

80.6

664.51

(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 June 30, 2022

1,578

(1,946)

(708)

6,050

Year ended June 30, 2021

701

85

(142)

7,132

2. Cash dividends

Annual dividends per share

Total cash

Dividend payout

Ratio of dividends

to net assets

dividends (Total) ratio (Consolidated)

1st quarter-end 2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

(Consolidated)

Yen

Yen

Yen

Yen

Yen Millions of yen

%

%

Year ended June 30, 2021

-

-

-

23.00

23.00

377

41.3

3.0

Year ended June 30, 2022

-

-

-

25.00

25.00

494

50.9

3.7

Year ending June 30, 2023

-

-

-

25.00

25.00

49.4

(Forecast)

1

3. Forecast of consolidated financial results for the year ending June 30, 2023 (from July 1, 2022 to June 30, 2023)

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to

Earnings per share

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full year

22,000

2.5

1,500

(4.5)

1,500

(6.1)

1,000

3.0

50.57

4. Notes

(1) Changes in significant subsidiaries during the year ended June 30, 2022

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:

Yes

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 June 30, 2022

22,266,096

shares

As of June 30, 2021

22,266,096

shares

Number of treasury shares at the end of the period

As of June 30, 2022

2,493,188

shares

As of June 30, 2021

2,546,196

shares

Average number of shares during the period

Year ended June 30, 2022

19,758,729 shares

Year ended June 30, 2021

19,850,169 shares

2

Consolidated financial statements

Consolidated balance sheets

(Thousands of yen)

As of June 30, 2021

As of June 30, 2022

Assets

Current assets

Cash and deposits

7,132,053

6,450,841

Accounts receivable - trade

3,762,447

3,104,220

Contract assets

-

419,835

Securities

1,900,030

2,112,923

Merchandise and finished goods

1,400

1,656

Work in process

25,404

6,636

Raw materials and supplies

3,934

6,342

Other

258,613

228,679

Total current assets

13,083,883

12,331,136

Non-current assets

Property, plant and equipment

Buildings and structures

311,861

494,495

Accumulated depreciation

(196,045)

(123,362)

Buildings and structures, net

115,816

371,132

Land

38,576

223,459

Construction in progress

78,224

5,000

Other

196,012

237,573

Accumulated depreciation

(154,438)

(157,242)

Other, net

41,573

80,330

Total property, plant and equipment

274,191

679,922

Intangible assets

Software

442,036

462,355

Goodwill

45,747

451,976

Other

21,120

21,120

Total intangible assets

508,905

935,451

Investments and other assets

Investment securities

1,439,790

1,664,609

Deferred tax assets

250,291

228,570

Other

695,369

841,106

Allowance for doubtful accounts

(766)

(794)

Total investments and other assets

2,384,685

2,733,492

Total non-current assets

3,167,782

4,348,866

Total assets

16,251,666

16,680,002

3

(Thousands of yen)

As of June 30, 2021

As of June 30, 2022

Liabilities

Current liabilities

Accounts payable - trade

707,913

756,505

Short-term borrowings

560,000

280,015

Accounts payable - other

558,568

476,325

Income taxes payable

271,643

263,163

Contract liabilities

-

93,310

Provision for bonuses

433,419

440,958

Provision for loss on orders received

424

-

Other

556,637

558,796

Total current liabilities

3,088,606

2,869,075

Non-current liabilities

Retirement benefit liability

52,671

42,822

Other

6,245

27,234

Total non-current liabilities

58,916

70,057

Total liabilities

3,147,522

2,939,133

Net assets

Shareholders' equity

Share capital

2,270,228

2,270,228

Capital surplus

2,463,693

2,486,241

Retained earnings

9,543,037

10,136,358

Treasury shares

(1,241,655)

(1,200,049)

Total shareholders' equity

13,035,303

13,692,778

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

68,840

42,516

Foreign currency translation adjustment

-

5,574

Total accumulated other comprehensive income

68,840

48,091

Total net assets

13,104,143

13,740,869

Total liabilities and net assets

16,251,666

16,680,002

4

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

(Thousands of yen)

Fiscal year ended

Fiscal year ended

June 30, 2021

June 30, 2022

Net sales

20,392,280

21,467,114

Cost of sales

16,443,916

17,070,489

Gross profit

3,948,363

4,396,625

Selling, general and administrative expenses

Remuneration for directors (and other officers)

293,544

277,266

Salaries and allowances

760,177

857,321

Provision for bonuses

44,766

64,969

Welfare expenses

180,732

207,742

Commission expenses

206,973

130,783

Recruitment expenses

64,219

68,506

Depreciation

121,725

135,990

Rent expenses

209,357

242,731

Amortization of goodwill

18,299

89,053

Other

661,947

751,993

Total selling, general and administrative expenses

2,561,742

2,826,359

Operating profit

1,386,621

1,570,266

Non-operating income

Interest income

14,431

11,124

Dividend income

11,614

18,898

Rental income from buildings

-

11,559

Insurance claim income

-

7,501

Surrender value of insurance policies

8,077

-

Other

5,948

8,780

Total non-operating income

40,071

57,864

Non-operating expenses

Interest expenses

1,015

1,669

Commission for purchase of treasury shares

1,992

-

Amortization of long-term prepaid expenses

19,908

16,393

Foreign exchange losses

-

9,074

Other

7,559

2,848

Total non-operating expenses

30,476

29,986

Ordinary profit

1,396,216

1,598,144

Extraordinary income

Gain on sale of investment securities

293

17,228

Gain on liquidation of investment securities

6,724

-

Total extraordinary income

7,017

17,228

Extraordinary losses

Office relocation expenses

-

180,205

Impairment losses

-

24,248

Merger expenses

26,260

-

Total extraordinary losses

26,260

204,454

Profit before income taxes

1,376,973

1,410,918

Income taxes - current

466,218

443,927

Income taxes - deferred

(11,052)

(4,294)

Total income taxes

455,166

439,633

Profit

921,807

971,285

Profit attributable to non-controlling interests

171

-

Profit attributable to owners of parent

921,635

971,285

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

CIJ - Computer Institute of Japan Ltd. published this content on 19 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2022 08:53:01 UTC.