R&D Computer : Summary of Consolidated Financial Results for the Six Months Ended September 30, 2021(Based on Japanese GAAP)

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 Six Months Ended September 30, 2021 (Based on Japanese GAAP)

				November 12, 2021
Company name:	R&D COMPUTER CO,.LTD
Stock exchange listing:	Tokyo
Stock code:	3924	URL https://www.rand.co.jp/
Representative:	President and Representative Director	Yoshiaki Fukushima
Inquiries:	Director and General Manager, Corporate	Fumitoshi Okuno	TEL [phone]
Administration Division
Scheduled date to file Quarterly Securities Report:	November 15, 2021
Scheduled date to commence dividend payments:	November 30, 2021
Preparation of supplementary material on quarterly financial results:	Yes
Holding of quarterly financial results meeting:	No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the six months ended September 30, 2021 (from April 1, 2021 to September 30, 2021)

(1) Consolidated operating results (cumulative)									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		%
Six months ended September 30, 2021	4,463			-		296		-		299			-		193		-
Six months ended September 30, 2020	-			-			-		-		-			-		-		-
	Earnings per share		Diluted earnings per share
				Yen						Yen
Six months ended September 30, 2021			21.54						-
Six months ended September 30, 2020					-						-
(2) Consolidated financial position
	Total assets			Net assets		Equity ratio
	Millions of yen			Millions of yen					%
As of September 30, 2021			5,920						4,095				69.2
As of March 31, 2021				-						-					-
2. Cash dividends
							Annual dividends per share
	1st quarter-end		2nd quarter-end		3rd quarter-end	Fiscal year-end	Total
	Yen			Yen			Yen				Yen			Yen
Year ended March 31, 2021			-		12.00				-				13.00			25.00
Year ending March 31, 2022			-		15.00
Year ending March 31, 2022 (Forecast)											-				14.00			29.00

3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

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	9,630	-	755		-	760		-	500		-	55.68

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4. Notes

1. Changes in significant subsidiaries during the six months ended September 30, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation):
2. Application of special accounting methods for preparing quarterly consolidated financial statements:

Yes

No

(3) 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

(4) Number of issued shares (common shares)

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

	As of September 30, 2021	8,980,650	shares	As of March 31, 2021	8,980,650	shares
Number of treasury shares at the end of the period
	As of September 30, 2021	389	shares	As of March 31, 2021	389	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Six months ended September 30, 2021	8,980,261	shares	Six months ended September 30, 2020	8,980,330	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

		(Thousands of yen)
		As of September 30, 2021
Assets
Current assets
Cash and deposits	2,639,176
accounts receivable - trade, and contract assets	1,943,618
Securities	300,000
Work in process	187,740
Prepaid expenses	97,820
Other	2,267
Total current assets	5,170,623
Non-current assets
Property, plant and equipment
Buildings, net	40,526
Tools, furniture and fixtures, net	26,443
Total property, plant and equipment	66,969
Intangible assets
Goodwill	128,577
Software	3,472
Trademark right	3,612
Total intangible assets	135,662
Investments and other assets
Investment securities	245,125
Guarantee deposits	60,724
Golf club membership	3,600
Deferred tax assets	237,809
Allowance for doubtful accounts	(500)
Total investments and other assets	546,759
Total non-current assets	749,392
Total assets		5,920,015

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		(Thousands of yen)
		As of September 30, 2021
Liabilities
Current liabilities
Accounts payable - trade	384,351
Accounts payable - other	31,639
Accrued expenses	106,647
Income taxes payable	154,199
Accrued consumption taxes	74,963
Contract liabilities	76,947
Deposits received	53,179
Provision for bonuses	377,332
Provision for bonuses for directors (and other officers)	15,800
Provision for shareholder benefit program	2,458
Provision for loss on order received	49,500
Total current liabilities	1,327,019
Non-current liabilities
Long-term accounts payable - other	100,000
Retirement benefit liability	397,796
Total non-current liabilities	497,796
Total liabilities	1,824,816
Net assets
Shareholders' equity
Share capital	458,499
Capital surplus	314,769
Retained earnings	3,183,832
Treasury shares	(247)
Total shareholders' equity	3,956,853
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	141,609
Remeasurements of defined benefit plans	(3,264)
Total accumulated other comprehensive income	138,345
Total net assets	4,095,199
Total liabilities and net assets		5,920,015

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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

		(Thousands of yen)
		Six months ended
		September 30, 2021
Net sales	4,463,516
Cost of sales	3,678,219
Gross profit	785,297
Selling, general and administrative expenses	489,214
Operating profit	296,082
Non-operating income
Interest income	82
Dividend income	1,198
Outsourcing service income	3,810
Reversal of allowance for doubtful accounts	500
Other	634
Total non-operating income	6,225
Non-operating expenses
Interest expenses	286
Loss on retirement of non-current assets	2,379
Total non-operating expenses	2,666
Ordinary profit	299,641
Profit before income taxes	299,641
Income taxes - current	130,145
Income taxes - deferred	(23,979)
Total income taxes	106,166
Profit	193,475
Profit attributable to non-controlling interests	-
Profit attributable to owners of parent		193,475

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