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) | ||||||||||||||||||
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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 |
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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 | |
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(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 | |
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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 |
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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.