Computer Engineering nsulting : Supplemental Materials for Financial Results of the First Quarter of the Fiscal Year Ending January 2023（PDF：533KB）

Supplemental Materials for Financial

Results of the First Quarter of

the Fiscal Year Ending January 2023

Computer Engineering & Consulting Ltd.

June 10, 2022

Contents

nOperating Results for the First Quarter of the Fiscal Year Ending January 2023

nEarnings Forecasts for the Second Quarter and Full Year of the Fiscal Year Ending January 2023

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Operating Results for the First Quarter of the Fiscal Year Ending January 2023

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(Unit: Millions of yen)

Year-on-year comparison of first quarter results

• Although the business environment has improved due to an economic recovery, profit

declined due to the expanding impact of unprofitable projects.

				1Q of FY ending Jan. 2023
	1Q of FY ended	1Q of FY ended			Amount of change	Rate of change
	Jan. 2021	Jan. 2022			from the same	from the same
					period of the	period of the
					previous fiscal year	previous fiscal year
Net sales	12,621	11,484		11,801	316	2.8%
Operating income	1,538	1,385		900	(485)	(35.0%)
				7.6%
Operating income ratio	12.2%	12.1%		(4.5)	-
Ordinary income	1,550	1,393		907	(486)	(34.9%)
				7.7%
Ordinary income ratio	12.3%	12.1%		(4.4)	-
Net income*	1,068	954		837	(116)	(12.3%)
				7.1%
Net income ratio*	8.5%	8.3%		(1.2)	-

*"Net income" signifies "Net income attributable to owners of parent." The same applies hereinafter.

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Summary of financial results for the first three months ended April 2022

				518		Net sales							Net sales
(100 million yen)					480
500											452
												• In the manufacturing area, net sales increased year
400			380				359							on year as ICT investments recovered.
									335			• The system development business performed well
300		252				245								due to strong demand for DX, although there were
								224				unprofitable projects.
200														• The infrastructure construction business continued to
													be affected by a semiconductor shortage.
	126				126				114				118
										• The security field was favorable thanks to strong
100
													demand.
0														• In Group companies, net sales slightly increased year
1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	on year.
	FY ended January 2020	FY ended January 2021		FY ended January 2022	FY ending January 2023	• The impact of application of the new revenue
			Operating income/Operating income ratio			recognition standard is limited.
(100 million yen)		14.0%
70													Operating income
				59
60												12.0%
							50					• The magnitude of decline in profit expanded due to
50												10.0%
		44									42	the lengthening of unprofitable projects and higher
40							37						8.0%	maintenance costs for customers' existing systems.
30		28				26					30		6.0%	• The impact of application of the new revenue
								22			recognition standard is limited.
20	16				15				13				4.0%	Net income
10												2.0%
													9
0													0.0%	• Lower net income due to a decline in operating
	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	income.
	FY ended January 2020	FY ended January 2021	FY ended January 2022	FY ending January 2023

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