Internet infinity : Consolidated Financial Results for the Six Months Ended September 30, 2021 (Under Japanese GAAP)

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

November 12, 2021

Summary of Consolidated Financial Results for the Six Months Ended September 30, 2021 (Under Japanese GAAP)

Company name:	internet infinity INC.
Listing:	Tokyo Stock Exchange
Securities code:	6545
URL:	https://iif.jp
Representative:	Keiichi Beck, Representative director
Inquiries:	Kenji Hoshino, Managing director
Telephone:	[phone]

Scheduled date to file quarterly securities report:	November 12, 2021
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results briefing:	Yes (for institutional investors and analysts)

(Yen amounts are rounded down to millions, unless otherwise noted.)

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

Six months ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

September 30, 2021

2,090

―

67

―

162

―

106

―

September 30, 2020

―

―

―

―

―

―

―

―

Note: Comprehensive income For the six months ended September 30, 2021:

¥

106 million

[―%]

For the six months ended September 30, 2020:

¥

－ million

[―%]

Basic earnings

Diluted earnings

per share

per share

Six months ended

Yen

Yen

September 30, 2021

19.90

19.33

September 30, 2020

―

―

Note: As the Company started preparing quarterly consolidated financial statements from the three months ended June 30,2021, figures for the quarterly consolidated financial statements from the six months ended September 30,2020 and year-on-year changes are not presented.

(2) Consolidated financial position

	Total assets	Net assets		Equity-to-asset ratio
As of	Millions of yen	Millions of yen	%
September 30, 2021	2,576		1,165	45.3
March 31, 2021	―		―	―
Reference: Equity	As of September 30, 2021 : ¥1,165 million	As of March 31, 2021: ¥ － million

Note: As the Company started preparing quarterly consolidated financial statements from the three months ended June 30,2021, figures for the fiscal year ended March 31,2021 are not provided.

2. Cash dividends

		Annual dividends per share
	First quarter-end	Second quarter-end		Third quarter-end		Fiscal year-end	Total
	Yen	Yen		Yen		Yen	Yen
Fiscal year ended	―	0.00		―		0.00	0.00
March 31,2021
Fiscal year ending	―
March 31,2022
Fiscal year ending
March31,2022		0.00		―		0.00	0.00
(Forecast)

Note: Revisions to the forecast of cash dividends most recently announced: None

3. Forecast of consolidated financial results for the fiscal 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		Basic earnings per share
				Owners of parent
	Millions of yen		%	Millions of yen		%	Millions of yen		%	Millions of yen		%	yen
Full year	4,135		-	189		-	283		-	184		-	34.28

Note: 1. Revisions to the forecast most recently announced: None

2. As the Company started preparing quarterly consolidated financial statements from the three months ended June 30,2021, year-on-year changes are not presented.

* Notes

1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
   Newly included: － companies
   Excluded: － companies
2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
3. Changes in accounting policies, changes in accounting estimates, and restatement
4. 1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
   2. Changes in accounting policies due to other reasons: None
   3. Changes in accounting estimates: None
   4. Restatement: None
5. Number of issued shares (common shares)
6. 1. Total number of issued shares at the end of the period (including treasury shares)

As of September 30,2021	5,427,771 shares
As of March 31,2021	5,427,771 shares

(ii) Number of treasury shares at the end of the period

As of September 30,2021	49,395 shares
As of March 31,2021	74,306 shares

1. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

Six months ended September 30,2021	5,364,355 shares
Six months ended September 30,2020	5,338,043 shares

• Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
• Proper use of earnings forecasts, and other special matters
  Forward-looking statements such as the earnings forecasts included here are based on currently available information and on certain assumptions we believe to be reasonable, and we make no assurance that they will be met. Actual performance and other results may differ significantly due to a variety of factors.

4. Quarterly consolidated financial statements

1. Quarterly consolidated balance sheet

		(Unit: thousand yen)
		As of September 30,2021
Assets
Current assets
Cash and deposits	800,840
Notes and accounts receivable - trade	741,301
Supplies	16,323
Other	90,501
Allowance for doubtful accounts	(2,427)
Total current assets	1,646,539
Non-current assets
Property, plant and equipment
Buildings, net	346,311
Other, net	37,609
Total property, plant and equipment	383,920
Intangible assets
Goodwill	211,301
Other	31,333
Total intangible assets	242,635
Investments and other assets
Guarantee deposits	185,517
Deferred tax assets	75,149
Other	46,021
Allowance for doubtful accounts	(3,571)
Total investments and other assets	303,117
Total non-current assets	929,673
Total assets	2,576,213

		(Unit: thousand yen)
		As of September 30,2021
Liabilities
Current liabilities
Accounts payable - trade	69,381
Short-term borrowings	30,000
Current portion of long-term borrowings	122,297
Income taxes payable	28,855
Deposits received	393,050
Provision for bonuses	52,050
Other	191,856
Total current liabilities	887,491
Non-current liabilities
Long-term borrowings	399,431
Asset retirement obligations	48,076
Other	75,400
Total non-current liabilities	522,907
Total liabilities	1,410,398
Net assets
Shareholders' equity
Capital	252,302
Capital surplus	237,302
Retained earnings	718,824
Treasury shares	(42,615)
Total shareholders' equity	1,165,814
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	―
Total accumulated other comprehensive income
―
Total net assets	1,165,814
Total liabilities and net assets	2,576,213