Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results

for the First Quarter of the Fiscal Year Ending March 31, 2024

[Japanese GAAP]

July 31, 2023

Company name: INFOCOM CORPORATION

Stock exchange listing: Tokyo

Code number: 4348

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

Representative: Jun Kuroda

President and CEO

Contact: Hiroshi Imafuku

Head of Corporate Communications Office

Phone: +81-3-6866-3160

Scheduled date of filing quarterly securities report: August 9, 2023

Scheduled date of commencing dividend payments: -

Availability of supplementary briefing material on quarterly financial results: Yes

Schedule of quarterly financial results briefing session: No

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

1. Consolidated Financial Results for the Three Months Ended June 30, 2023 (April 1, 2023 to June 30, 2023)

(1) Consolidated Operating Results

(% indicates changes from the previous corresponding period.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Three months ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

June 30, 2023

18,821

21.5

1,815

16.6

1,861

15.6

1,232

15.1

June 30, 2022

15,490

(2.4)

1,557

(27.8)

1,609

(26.5)

1,070

(29.3)

(Note) Comprehensive income:

Three months ended June 30, 2023:

Three months ended June 30, 2022:

¥

1,355 million

[

145.7%]

¥

551 million

[

(53.9) %]

Basic earnings

Diluted earnings per

per share

share

Three months ended

Yen

Yen

June 30, 2023

22.49

22.40

June 30, 2022

19.54

19.46

(2) Consolidated Financial Position

Total assets

Net assets

Capital adequacy ratio

As of

Millions of yen

Millions of yen

%

June 30, 2023

61,152

44,796

72.7

March 31, 2023

60,287

45,194

74.3

(Reference) Equity: As of

June 30, 2023:

¥

44,436 million

As of

March 31, 2023:

¥

44,816 million

―1―

2. Dividends

Annual dividends

1st

2nd

3rd

Year-end

Total

quarter-end

quarter-end

quarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023

-

18.00

-

32.00

50.00

Fiscal year ending March 31, 2024

-

Fiscal year ending March 31, 2024

18.00

-

27.00

45.00

(Forecast)

(Note) Revision to the forecast for dividends announced most recently:

No

(Note) Breakdown of the year-end dividend for the fiscal year ended March 31, 2023 :

Commemorative dividend

5.00

yen

Special dividend

-

yen

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

(% indicates changes from the previous corresponding period.)

Profit attributable

Basic earnings

Net sales

Operating profit

Ordinary profit

to owners of

per share

parent

Six months ending

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

39,000

18.1

4,200

13.2

4,200

10.9

2,800

63.9

51.10

September 30, 2023

Full year

82,500

17.3

10,000

17.3

10,000

16.3

6,700

87.6

122.28

(Note) Revision to the financial results forecast announced most recently:

Yes

* Notes:

(1) Changes in significant subsidiaries during the three months ended June 30, 2023

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

No

New

-

(Company name:

)

Exclusion:

-

(Company name:

)

(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:

No

  1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
    1. Changes in accounting policies due to the revision of accounting standards: No
    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 shares)
    1. Total number of issued shares at the end of the period (including treasury shares):

June 30, 2023:

57,600,000

shares

March 31, 2023:

57,600,000

shares

2) Number of treasury shares at the end of the period:

June 30, 2023:

2,808,062

shares

March 31, 2023:

2,809,562

shares

3) Average number of shares outstanding during the period:

Three months ended June 30, 2023:

54,791,188

shares

Three months ended June 30, 2022:

54,781,714

shares

―2―

Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

(Millions of yen)

As of March 31, 2023

As of June 30, 2023

Assets

Current assets

Cash and deposits

35,575

34,655

Notes and accounts receivable - trade, and contract

11,757

10,059

assets

Inventories

83

301

Other

1,695

2,524

Allowance for doubtful accounts

(0)

(3)

Total current assets

49,111

47,536

Non-current assets

Property, plant and equipment

1,140

1,218

Intangible assets

Software

2,198

2,339

Goodwill

419

1,046

Other

33

882

Total intangible assets

2,650

4,268

Investments and other assets

Investments and other assets

7,386

8,130

Allowance for doubtful accounts

(1)

(1)

Total investments and other assets

7,385

8,128

Total non-current assets

11,176

13,615

Total assets

60,287

61,152

Liabilities

Current liabilities

Accounts payable - trade

5,212

5,597

Income taxes payable

1,437

701

Provision for bonuses

1,302

547

Other provisions

23

24

Other

6,642

8,605

Total current liabilities

14,619

15,475

Non-current liabilities

Retirement benefit liability

67

79

Other provisions

52

52

Other

353

747

Total non-current liabilities

474

879

Total liabilities

15,093

16,355

Net assets

Shareholders' equity

Share capital

1,590

1,590

Capital surplus

1,485

1,487

Retained earnings

41,961

41,440

Treasury shares

(790)

(789)

Total shareholders' equity

44,246

43,727

Accumulated other comprehensive income

Valuation difference on available-for-sale

390

485

securities

Foreign currency translation adjustment

178

223

Total accumulated other comprehensive income

569

708

Share acquisition rights

213

212

―3―

(Millions of yen)

As of March 31, 2023

As of June 30, 2023

Non-controlling interests

164

148

Total net assets

45,194

44,796

Total liabilities and net assets

60,287

61,152

―4―

Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statements of Income (For the three months)

(Millions of yen)

For the three months

For the three months

ended June 30, 2022

ended June 30, 2023

Net sales

15,490

18,821

Cost of sales

8,326

10,169

Gross profit

7,164

8,651

Selling, general and administrative expenses

5,606

6,835

Operating profit

1,557

1,815

Non-operating income

Interest and dividend income

39

43

Partnership gain

13

2

Other

3

1

Total non-operating income

55

47

Non-operating expenses

Interest expenses

0

0

Foreign exchange losses

3

1

Other

0

0

Total non-operating expenses

3

2

Ordinary profit

1,609

1,861

Extraordinary losses

Loss on retirement of non-current assets

0

1

Total extraordinary losses

0

1

Profit before income taxes

1,609

1,859

Income taxes

542

643

Profit

1,066

1,216

Loss attributable to non-controlling interests

(3)

(15)

Profit attributable to owners of parent

1,070

1,232

―5―

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Infocom Corporation published this content on 31 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2023 07:34:45 UTC.