ITmedia : Summary of Financial Results for the fiscal year ended March 31, 2022

ITmedia Inc.

Consolidated Financial Report

For the fiscal year ended March 31, 2022 (IFRS)

Tokyo, April 28, 2022

1. Financial Highlights (1) Results of Operations

(Millions of yen; amounts less than one million yen are omitted)

(Percentages are shown as year-on-year changes)

Net sales	Operating income	Income before income tax	Net income	Net income attributable to owners of the parent	Total comprehensive income
Amount %	Amount %	Amount %	Amount %	Amount %	Amount %
Fiscal year ended March 31, 2022	¥8,092 17.4	¥2,687 32.9	¥2,680 39.8	¥1,800 43.5	¥1,800 43.5	¥1,739 25.6
Fiscal year ended March 31, 2021	¥6,891 30.6	¥2,022 72.5	¥1,917 79.4	¥1,255 60.4	¥1,255 60.8	¥1,385 110.9

(2) Financial Position

Total assets	Total equity	Equity attributable to owners of the parent	Ratio of equity attributable to owners of the parent to total assets (%)	Equity per share attributable to owners of the parent (yen)
As of March 31, 2022	¥10,048	¥7,932	¥7,932	78.9	401.34
As of March 31, 2021	¥9,074	¥7,117	¥7,117	78.4	359.11

(3) Cash Flows

Operating activities	Investing activities	Financing activities	Cash and cash equivalents at the end of the year
Fiscal year ended March 31, 2022	¥1,989	¥152	(¥1,203)	¥6,815
Fiscal year ended March 31, 2021	¥2,212	(¥161)	(¥475)	¥5,877

2. Dividends

Dividends per share	Total amount of dividends (Annual)	Payout ratio (consolidated)	Ratio of dividend to equity attributable to owners of the parent (consolidated)
First quarter	Second quarter	Third quarter	Fourth quarter	Total
(yen)	(yen)	(yen)	(yen)	(yen)	(Millions of yen)	%	%
Fiscal year ended March 31, 2021	-	7.00	9.00	16.00	¥317	25.3	4.9
Fiscal year ended March 31, 2022	-	11.00	12.00	23.00	¥455	25.3	6.0
Fiscal year ending March 31, 2023 (Forecasted)
-	14.00	14.00	28.00	28.1

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3. Consolidated forecasts for the fiscal year ending March 31, 2023 (April 1, 2022 to March 31, 2023) (Millions of yen)

(Percentages are shown as year-on-year changes)

Net sales	Operating income	Net income attributable to owners of the parent	Basic earnings par share (yen)
Amount	%	Amount	%	Amount	%	Amount
Fiscal year ending March 31, 2023	¥8,730	7.9	¥2,920	8.7	¥1,970	9.4	¥99.67

* Notes

• (1) Significant changes in scope of consolidation (changes in scope of consolidation of specified subsidiaries): None

  Newly consolidated : None

  Excluded from consolidation :None

• (2) Changes in accounting policies and accounting estimates

  • [1] Changes in accounting policies required by IFRSs : None

  • [2] Changes in accounting policies other than those in [1] : None

  • [3] Changes in accounting estimates : None

• (3) Number of shares issued (common stock)

  [1] Number of shares issued (including treasury stock):

  As of March 31, 2022 :	20,837,300 shares
  As of March 31, 2021 :	20,532,600 shares
  [2] Number of treasury stock:
  As of March 31, 2022 :	1,072,098 shares
  As of March 31, 2021 :	713,074 shares

  [3] Average number of shares outstanding during the period:

Fiscal year ended March 31, 2022 : 19,804,438 shares Fiscal year ended March 31, 2021 : 19,819,535 shares

* This interim consolidated financial report is not subject to interim review procedures.

* Notes to forecasts on the consolidated results of operations and other items

The descriptions regarding the future are estimated based on the information that the Company is able to obtain at the present point and assumptions which are deemed to be reasonable. However, actual results may be different due to various factors.

Consolidated Financial Report

(1) Interim Condensed Consolidated Statement of Financial Position	(Thousands of yen)
As of	As of
March 31, 2021	March 31, 2022
Asset
Current aseets
Cash and cash equivalents	5,877,480	6,815,771
Trade and other receivables	1,183,931	1,293,583
Other finacial assets	500,000	500,000
Inventories	13,839	16,939
Other current assets	92,066	101,746
Total current aseets	7,667,317	8,728,040
Non-current assets
Property and equipment	142,977	122,057
Right of use assets	－	175,986
Goodwill	415,719	443,471
Intangible assets	237,416	208,801
Investments accounted for using equity method	4,797	－
Other financial assets	486,537	146,919
Deferred tax assets	113,671	219,514
Other non-current assets	6,048	3,800
Total non-current assets	1,407,169	1,320,551
Total assets	9,074,487	10,048,592
Liabilities and equity
Current liabilities
Trade and other payables	377,409	401,342
Lease liabilities	3,688	162,671
Income taxes payable	562,786	586,677
Contract liabilities	324,963	322,641
Other current liabilities	625,375	577,901
Total current liabilities	1,894,223	2,051,234
Non-current liabilities
Lease liabilities	3,684	2,403
Provisions	28,950	28,950
Other non-current liabilities	30,297	33,352
Total non-current liabilities	62,932	64,705
Total liabilities	1,957,156	2,115,940
Equity
Equity attributable to owners of parent
Share capital	1,735,570	1,825,609
Capital surplus	1,926,189	2,108,276
Retained earnings	3,607,628	5,143,378
Treasury stock	(344,517)	(1,144,612)
Accumulated other comprehensive income	192,460	－
Total equity attributable to owners of parent	7,117,330	7,932,652
Total equity	7,117,330	7,932,652
Total liabilities and equity	9,074,487	10,048,592

Consolidated Financial Report

(2) Condensed Interim Consolidated Statement of Income	(Thousands of yen)
Fiscal year ended	Fiscal year ended
March 31, 2021	March 31, 2022
Revenue	6,891,223	8,092,222
Cost of sales	(2,347,909)	(2,753,732)
Gross profit	4,543,314	5,338,490
Selling, general and administrative expenses	(2,522,102)	(2,652,637)
Other income and expenses, net	943	1,403
Operating profit	2,022,155	2,687,256
Other non-operating income and expenses	(1,855)	(2,417)
Share of profit (loss) of investments accounted for using equity method	(103,288)	(4,797)
Profit before tax	1,917,012	2,680,040
Income tax expense	(661,954)	(879,053)
Profit	1,255,057	1,800,987
Profit attributable to
Owners of parent	1,255,057	1,800,987
Non-controlling interests	－	－
1,255,057	1,800,987
Earning per share attributable to owners of parent
Basic earning per share (yen)	63.32	90.94
Diluted earning per share (yen)	61.82	89.35

(3) Condensed Interim Consolidated Statement of Comprehensive Income	(Thousands of yen)
Fiscal year ended	Fiscal year ended
March 31, 2021	March 31, 2022
Profit	1,255,057	1,800,987
Other comprehensive income
Items that will not be reclassified to profit or loss
Equity financial assets at FVTOCI	130,552	(61,240)
Total items that will not be reclassified to profit or loss	130,552	(61,240)
Total other comprehensive income	130,552	(61,240)
Total comprehensive income	1,385,609	1,739,746
Total comprehensive income attributable to
Owners of parent	1,385,609	1,739,746
Non-controlling interests	－	－
1,385,609	1,739,746