Computer Engineering nsulting : Supplemental Materials for Financial Results of the First Quarter of the Fiscal Year Ending January 2024

Supplemental Materials for Financial

Results of the First Quarter of

the Fiscal Year Ending January 2024

Computer Engineering & Consulting Ltd.

June 9, 2023

© Computer Engineering & Consulting Ltd. All rights reserved.

Contents

Operating Results for the First Quarter of the Fiscal

1. Year Ending January 2024

2.	Earnings Forecasts for the First Half and Full Year of
the Fiscal Year Ending January 2024

3. Appendix

© Computer Engineering & Consulting Ltd. All rights reserved.

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Contents

Operating Results for the First Quarter of the Fiscal

1. Year Ending January 2024

2.	Earnings Forecasts for the First Half and Full Year of
the Fiscal Year Ending January 2024

3. Appendix

© Computer Engineering & Consulting Ltd. All rights reserved.

2

Year-on-year comparison of 1Q results

• Net sales and income increased as system development projects continued to be favorable in line with the strong demand for DX from major customers.

• Profits hit record highs in the first quarter.

FY2023/1Q

FY2024/1Q

(Unit: Million yen)

Change from the same period of

the previous fiscal year

Amount of change	Rate of change

	Net sales	11,801	13,222	1,421	12.0%
	Operating income	900	1,842	942	104.6%
					－
	Operating income ratio	7.6%	13.9%	6.3 pt
	Ordinary income	907	1,853	945	104.2%
					－
	Ordinary income ratio	7.7%	14.0%	6.3 pt
	Net income	837	1,286	449	53.6%
	Net income ratio	7.1%	9.7%	2.6 pt	－
© Computer Engineering & Consulting Ltd. All rights reserved.				3

Financial results

• Net sales (100 million yen)

500			480				452				482
										Year-on-year
400		359								352		comparison
				335					+12.0%
300	245				224				234
200												132
126				114				118
100
0
1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q
FY2021/1			FY2022/1			FY2023/1			FY2024/1

• Operating income/Operating income ratio (100 million yen, %)

100												13.9%	15%
	12.2%				12.1%
80														Year-on-year
														comparison
									7.6%					10%
60				50									+104.6%
							42					43
			37
40						30				32
	26										5%
					22
	15								19			18
20				13
							9
0														0%
	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q		1Q
	FY2021/1			FY2022/1			FY2023/1			FY2024/1

Net sales

• System development projects continued to be favorable due to stronger demand for ICT investment.
• Sales increased due to growth in focused business.
• Sales increased due to growth in the core business.
• Nearshore development of group companies also remained strong.

Operating income

• Income increased due to higher net sales.
• Income increased due to growth in focused business.
• There was a reactionary increase related to allowance for loss on orders received.

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