Internet infinity : Consolidated Financial Results for the Three Months Ended June 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.

August 13, 2021

Consolidated Financial Results

for the Three Months Ended June 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:	August 13, 2021
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results briefing:	None

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

1. Consolidated financial results for the three months ended June 30, 2021 (from April 1, 2021 to June 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

Three months ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

June 30, 2021

1,043

―

30

―

91

―

60

―

June 30, 2020

―

―

―

―

―

―

―

―

Note: Comprehensive income For the three months ended June 30, 2021:

¥60 million

[―%]

For the three months ended June 30, 2020:

¥ － million

[―%]

Basic earnings

Diluted earnings

per share

per share

Three months ended

Yen

Yen

June 30, 2021

11.35

11.03

June 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 three months ended June 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	%
June 30, 2021	2,599		1,105	42.5
March 31, 2021	―		―	―
Reference: Equity	As of June 30, 2021 : ¥1,105 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		-	34.39

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 June 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 June 30,2021	74,306 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)

Three months ended June 30,2021	5,353,465 shares
Three months ended June 30,2020	5,326,066 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 June 30,2021
Assets
Current assets
Cash and deposits	809,241
Notes and accounts receivable - trade	738,221
Supplies	15,315
Other	81,919
Allowance for doubtful accounts	(2,285)
Total current assets	1,642,411
Non-current assets
Property, plant and equipment
Buildings, net	360,550
Other, net	38,633
Total property, plant and equipment	399,184
Intangible assets
Goodwill	215,653
Other	34,578
Total intangible assets	250,231
Investments and other assets
Guarantee deposits	185,059
Deferred tax assets	96,880
Other	31,203
Allowance for doubtful accounts	(5,447)
Total investments and other assets	307,696
Total non-current assets	957,112
Total assets	2,599,523

		(Unit: thousand yen)
		As of June 30,2021
Liabilities
Current liabilities
Accounts payable - trade	71,961
Short-term borrowings	260,000
Current portion of long-term borrowings	112,360
Income taxes payable	19,060
Deposits received	361,319
Provision for bonuses	25,808
Other	278,591
Total current liabilities	1,129,101
Non-current liabilities
Long-term borrowings	239,758
Asset retirement obligations	47,639
Other	77,369
Total non-current liabilities	364,767
Total liabilities	1,493,869
Net assets
Shareholders' equity
Capital	252,302
Capital surplus	237,302
Retained earnings	680,156
Treasury shares	(64,107)
Total shareholders' equity	1,105,654
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	―
Total accumulated other comprehensive income
―
Total net assets	1,105,654
Total liabilities and net assets	2,599,523