En japan : 〔Delayed〕2nd Quarter FY March 2022 Earnings Announcement (Consolidated)

en Japan Inc.

2nd Quarter FY March 2022 Earnings Announcement [Japan GAAP] (Consolidated)

						November 11, 2021
Company Name	en Japan Inc.	Listing Exchanges	First Section of the Tokyo Stock Exchange
Stock Code	4849		URL		https://corp.en-japan.com/
Representative (Title)	President	(Name)	Takatsugu Suzuki
Contact (Title)		Administration Division	(Name)	Toshio Hijikata	Telephone [phone]
	Director
Scheduled Date for Submission of Quarterly Report	November 11, 2021
Scheduled Date to Begin Dividend Payments	-
Preparation of Quarterly Summary Supplementary Explanatory Materials	Yes
Quarterly Earnings Briefing				Yes (for analysts and institutional investors)

(Figures rounded down to nearest million yen)

1. FY Ending March 2022 Cumulative Second Quarter Operating Results (From April 1, 2021 to September 30, 2021)

(1) Consolidated Operating Results (cumulative)	(percentages indicate percent change from prior fiscal year)
					Net Sales	Operating Income			Ordinary Income		Profit Attributable to
								Owners of Parent
			Million yen	%	Million yen	%			Million yen	%		Million yen	%
	FYE 3/22 2nd Qrtr		25,044	21.3	4,740	62.5			4,810	60.6	3,240	109.1
	FYE 3/21 2nd Qrtr		20,650	-26.8	2,917	-53.0			2,995	-51.7	1,549	-62.3
(Note) Comprehensive income	FYE 3/22 2nd Qrtr 3,657 million yen (145.2%)	FYE 3/21 2nd Qrtr 1,491 million yen (-61.2%)
					EPS		Fully Diluted EPS
						Yen		Yen
	FYE 3/22 2nd Qrtr				72.26		72.17
	FYE 3/21 2nd Qrtr				34.59		34.49
(2) Consolidated Financial Position
					Total Assets	Net Assets			Net Asset Ratio
					Million yen	Million yen				%
	FYE 3/22 2nd Qrtr				50,682		37,562				73.1
	FYE 3/21					46,644		36,856				77.8
(Reference)	Core capital	FYE 3/22 2nd Qrtr	37,034 million yen	FYE 3/21 36,311 million yen

2. Dividends

			Dividends per Share
	1st Quarter-end	2nd Quarter-end	3rd Quarter-end		Year-end	Full Year
	Yen	Yen	Yen		Yen	Yen
FYE 3/21	-	0.00		-		37.10	37.10
FYE 3/22	-	0.00
FYE 3/22 (projected)				-		72.50	72.50

(Note) Revisions to the Company's latest dividend forecast: None

No

Yes

Yes No

No No

3. FY Ending March 2022 Projected Consolidated Operating Results (April 1, 2021 - March 31, 2022)

(Percentages indicate percentage change from prior fiscal year)

	Net Sales		Operating Income	Ordinary Income	Profit Attributable to	EPS
		Owners of Parent
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
Full year	51,000	19.4	10,000	28.7	9,999	25.9	6,842	95.4	152.77

(Note) Revisions to the Company's latest operating results projections: None

• Notes
• 1. Changes in material subsidiaries during the cumulative quarter under review (Change in

specific subsidiaries that will accompany a change in scope of consolidation)

Newly included	None	(Name of company) -
Exclusion	None	(Name of company) -

(2) Adoption of special accounting treatment used in preparation of the quarterly consolidated financial statements

1. Changes in accounting policy, changes in accounting estimates, or restatement due to correction

a. Changes in accounting policy accompanying amendment of accounting principles: b. Changes in accounting policy other than "a."

c. Changes in accounting estimates: d. Restatement due to correction:

1. Number of shares issued (common share)

a. Number of shares issued at the end of the period (including treasury shares)

FYE 3/22 2nd Qrtr	49,716,000 shares	FYE 3/21	49,716,000 shares
b. Number of shares of treasury shares at the end of the period
FYE 3/22 2nd Qrtr	4,819,477 shares	FYE 3/21	4,923,672 shares
c. Average number of shares issued during the period (Quarter Year-to-Date)
FYE 3/22 2nd Qrtr	44,841,374 shares	FYE 3/21 2nd Qrtr	44,800,495 shares

• The quarterly earnings announcement is not within the scope of the quarterly review procedure by a certified public accountant or an audit corporation.
• Explanation regarding appropriate use of operating results projections, other special notes

(Cautionary Notes on Forward-Looking Statements)

Forward-looking statements including projected operating results contained in this report and supplementary materials are based on information currently available to the Company and on certain assumptions deemed as rational, and are not intended to guarantee achievements by the Company. Actual results may differ significantly from such projections due to various factors.

Attachments Table of Contents

1. Quarterly Consolidated Financial Statements and Key Notes .............................................................................................................	- 2 -
(1)	Quarterly Consolidated Balance Sheets ...............................................................................................................................	- 2 -
(2)	Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income ...........	- 3 -
(3)	Quarterly Consolidated Statements of Cash Flows ..............................................................................................................	- 5 -
(4)	Notes regarding Quarterly Consolidated Financial Statements ............................................................................................	- 7 -
	(Notes relating to the Going Concern Assumption) ...........................................................................................................	- 7 -
	(Changes in Accounting Policy) ........................................................................................................................................	- 7 -
	(Adoption of Special Accounting Treatment Used in Preparation of the Quarterly Consolidated Financial
	Statements) ........................................................................................................................................................................	- 7 -
	(Notes on Significant Changes to Shareholders' Equity) ...................................................................................................	- 8 -
	(Segment Information).......................................................................................................................................................	- 8 -

• The Company plans to post supplementary materials to explain its financial results on its website today. Please refer to the following URL.
  https://corp.en-japan.com/IR/

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1. Quarterly Consolidated Financial Statements and Key Notes

1. Quarterly Consolidated Balance Sheets

		(Unit: Million yen)
	Previous Fiscal Year	Second Quarter of Current
	Fiscal Year
	(As of March 31, 2021)
	(As of September 30, 2021)
Assets
Current assets
Cash and deposits	26,374	29,570
Notes and accounts receivable - trade	4,347	4,764
Securities	2,031	2,000
Other	1,079	763
Allowance for doubtful accounts	-108	-94
Total current assets	33,724	37,002
Non-current assets
Property, plant and equipment	621	641
Intangible assets
Goodwill	2,840	2,754
Other	4,158	4,278
Total intangible assets	6,999	7,032
Investments and other assets
Investment securities	2,285	2,466
Shares of subsidiaries and associates	132	30
Other	3,239	3,868
Allowance for doubtful accounts	-359	-359
Total investments and other assets	5,299	6,006
Total non-current assets	12,920	13,679
Total assets	46,644	50,682
Liabilities
Current liabilities
Accounts payable - trade	434	671
Income taxes payable	955	1,678
Provision for bonuses	1,122	1,075
Provision for directors' bonuses	2	-
Advances received	2,307	3,827
Other	3,438	4,204
Total current liabilities	8,260	11,457
Non-current liabilities
Provision for share benefits	389	406
Asset retirement obligations	203	249
Other	934	1,006
Total non-current liabilities	1,527	1,662
Total liabilities	9,788	13,119
Net assets
Shareholders' equity
Capital stock	1,194	1,194
Capital surplus	998	908
Retained earnings	39,399	39,759
Treasury shares	-5,228	-5,090
Total shareholders' equity	36,365	36,772
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	113	161
Foreign currency translation adjustment	-167	100
Total accumulated other comprehensive income	-53	261
Subscription rights to shares	136	127
Non-controlling interests	408	400
Total net assets	36,856	37,562
Total liabilities and net assets	46,644	50,682

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1. Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income

Quarterly Consolidated Statements of Income

Cumulative Second Quarter

		(Unit: Million yen)
	Cumulative Second	Cumulative Second
	Quarter of the Previous	Quarter of the Current
	Fiscal Year	Fiscal Year
	(From April 1, 2020	(From April 1, 2021
	to September 30, 2020)	to September 30, 2021)
Net sales	20,650	25,044
Cost of sales	4,385	5,075
Gross profit	16,264	19,968
Selling, general and administrative expenses	13,347	15,228
Operating income	2,917	4,740
Non-operating income
Interest income	43	58
Dividend income	10	27
Subsidy for employment adjustment	27	-
Other	26	23
Total non-operating income	107	108
Non-operating expenses
Interest expenses	0	2
Loss on investments in partnership	8	22
Foreign exchange losses	10	5
Provision of allowance for doubtful accounts	6	-
Other	3	6
Total non-operating expenses	30	38
Ordinary income	2,995	4,810
Extraordinary income
Gain on sales of non-current assets	-	0
Gain on sales of investment securities	-	33
Total extraordinary income	-	33
Extraordinary losses
Loss on sales of non-current assets	-	0
Impairment loss	406	-
Loss on retirement of non-current assets	8	0
Loss on sales of investment securities	-	3
Loss on valuation of investment securities	176	-
Loss on valuation of shares of subsidiaries and associates	10	-
Loss on sales of shares of subsidiaries and associates	15	-
Total of Extraordinary losses	616	3
Profit before income taxes	2,378	4,840
Income taxes-current	799	1,519
Total income taxes	799	1,519
Profit	1,578	3,320
Profit attributable to non-controlling interests
29	80
Profit attributable to owners of parent
1,549	3,240

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