JustSystems : Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2023

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the Three Months Ended June 30, 2022 (Based on Japanese GAAP)

		August 5, 2022
Company name:	JustSystems Corporation
Stock exchange listing:	Tokyo
Stock code:	4686	URL https://www.justsystems.com/en /
Representative:	Kyotaro Sekinada, President & CEO
Inquiries:	Hiroshi Shigeta, Division Director of the Corporate Planning Div.
TEL:	[phone]

Scheduled date to file Quarterly Securities Report:				August 8, 2022
Scheduled date to commence dividend payments:				-
Preparation of supplementary material on quarterly financial results:		No
Holding of quarterly financial results meeting:				No
							(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)
(1) Consolidated operating results (cumulative)							Percentages indicate year-on-year changes
		Net sales			Operating profit	Ordinary profit	Profit attributable to
				owners of parent
	Millions of yen	%		Millions of yen	%	Millions of yen		%	Millions of yen		%
Three months ended June 30, 2022		10,379	1.3		5,043	6.3	5,152		8.1	3,609		8.6
Three months ended June 30, 2021		10,243	-		4,743	-	4,765		-	3,322		-
		Earnings per share			Diluted earnings per share
				Yen			Yen
Three months ended June 30, 2022			56.21			-
Three months ended June 30, 2021			51.73			-
(2) Consolidated financial position
		Total assets			Net assets	Equity ratio
		Millions of yen			Millions of yen				%
As of June 30, 2022			93,238				74,388				79.8
As of March 31, 2022			86,224				71,300				82.7

2. Cash dividends

		Annual dividends per share
	1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
	Yen	Yen	Yen	Yen	Yen
Year ended March 31, 2022	-	8.00	-	8.00	16.00
Year ending March 31, 2023	-
Year ending March 31, 2023 (Forecast)		8.00	-	8.00	16.00

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3. Notes
(1)	Changes in significant subsidiaries during the three months ended June 30, 2022	No
	(changes in specified subsidiaries resulting in the change in scope of consolidation):
(2)	Application of special accounting methods for preparing quarterly consolidated financial statements:	No
(3)	Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
	Changes in accounting policies due to revisions to accounting standards and other regulations:	No
	Changes in accounting policies due to other reasons:		No
	Changes in accounting estimates:			No
	Restatement of prior period financial statements:			No
(4)	Number of issued shares (common shares)
	Total number of issued shares at the end of the period (including treasury shares)
		As of June 30, 2022	64,224,800 shares	As of March 31, 2022		64,224,800 shares
	Number of treasury shares at the end of the period
		As of June 30, 2022	882 shares	As of March 31, 2022		845 shares
	Average number of shares during the period (cumulative from the beginning of the fiscal year)
		Three months ended June 30, 2022	64,223,927 shares	Three months ended June 30, 2021	64,224,017 shares

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Quarterly consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of March 31, 2022	As of June 30, 2022
Assets
Current assets
Cash and deposits	62,151	67,145
Notes and accounts receivable - trade	2,537	2,355
Securities	5,000	8,000
Merchandise and finished goods	738	564
Raw materials and supplies	2,430	2,195
Prepaid expenses	2,768	2,481
Other	719	511
Allowance for doubtful accounts	(36)	(32)
Total current assets	76,308	83,220
Non-current assets
Property, plant and equipment
Buildings and structures, net	2,364	2,340
Land	3,569	3,569
Other, net	99	94
Total property, plant and equipment	6,033	6,003
Intangible assets
Software	2,705	2,809
Software in progress	308	323
Other	0	0
Total intangible assets	3,014	3,134
Investments and other assets
Investment securities	25	25
Other	1,032	1,044
Allowance for doubtful accounts	(190)	(190)
Total investments and other assets	868	879
Total non-current assets	9,916	10,017
Total assets	86,224	93,238

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			(Millions of yen)
		As of March 31, 2022	As of June 30, 2022
Liabilities
Current liabilities
Accounts payable - trade	620	303
Accounts payable - other	1,748	792
Income taxes payable	2,843	1,638
Unearned revenue	8,319	14,142
Provision for bonuses	572	773
Other	694	1,069
Total current liabilities	14,797	18,719
Non-current liabilities
Retirement benefit liability	104	105
Other	22	24
Total non-current liabilities	127	129
Total liabilities	14,924	18,849
Net assets
Shareholders' equity
Share capital	10,146	10,146
Capital surplus	12,293	12,293
Retained earnings	48,989	52,085
Treasury shares	(1)	(2)
Total shareholders' equity	71,427	74,523
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	5	5
Foreign currency translation adjustment	(123)	(133)
Remeasurements of defined benefit plans	(9)	(7)
Total accumulated other comprehensive income	(127)	(134)
Total net assets	71,300	74,388
Total liabilities and net assets	86,224	93,238

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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

			(Millions of yen)
		Three months ended	Three months ended
		June 30, 2021	June 30, 2022
Net sales	10,243	10,379
Cost of sales	2,591	2,202
Gross profit	7,651	8,177
Selling, general and administrative expenses	2,908	3,134
Operating profit	4,743	5,043
Non-operating income
Interest income	0	8
Dividend income	0	0
Foreign exchange gains	8	90
Rental income	11	8
Other	6	3
Total non-operating income	27	111
Non-operating expenses
Rental expenses	0	0
Other	5	1
Total non-operating expenses	6	2
Ordinary profit	4,765	5,152
Profit before income taxes	4,765	5,152
Income taxes	1,442	1,542
Profit	3,322	3,609
Profit attributable to owners of parent		3,322	3,609

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