Kinjiro : Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending December 31, 2022
August 09, 2022 at 07:06 am EDT
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Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending December 31, 2022
Kinjiro Co., Ltd
August 9, 2022
Financial Results for the Second Quarter of the Fiscal Year Ending December 31, 2022 (FY2022)
Growth Strategy
1
Highlights for the Second Quarter of FY2022
Key performance indicators (KPIs)
Number of cloud licenses
Recurring revenue
Increased by 17,143 from the end of the last quarter (increased by 180.3% year on year) to 417,873
Continued to grow briskly
(average annual growth: 14.3%)
ARPU
Edged up to 353 yen for Kinjiro Enterprise
Cloud-based contract cancellation rate
Remained low at 0.22%
2
Summary of Consolidated Financial Results for the Second Quarter of FY2022
Rate of achievement
against 1H forecast
Net sales
91%
Operating profit
122%
Ordinary profit
121%
Profit
123%
Consolidated statement of income
YoY change
Down 4% to 1,644 million yen
Up 2% to 183 million yen
Up 1% to 181 million yen
Up 4% to 123 million yen
(Unit: Million yen)
FY2022
FY2022
Achieveme
FY2021
YoY change
1H forecast
2Q results
nt rate
2Q results
Net sales
1,800
1,644
91%
1,710
-4%
Operating
150
183
122%
179
+2%
profit
Ordinary
150
181
121%
180
+1%
profit
Profit
100
123
123%
118
+4%
3
YoY Changes in Net Sales by Business Segment
Net sales
(Unit: Million yen)
Business Segment
Sales segment
FY2021
FY2022
YoY change
2Q results
2Q results
Cloud
708
808
+14%
License
Cloud Business
Cloud
229
176
-23%
Consultation Support
Others
74
48
-34%
Subtotal
1,011
1,033
+2%
Premium
295
288
-2%
support
Software Products
225
170
-24%
On-Premises
Software
121
104
-14%
Consultation Support
Business
Employment
49
46
-6%
Information Devices
Subtotal
692
610
-12%
Net sales
1,710
1,644
-4%
Recurring revenue*
1,013
1,105
+9%
*Includes revenue from cloud licensing, premium support, and other services.
4
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Nittsusystem Co. Ltd. published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 11:05:04 UTC.
Kinjiro Co Ltd, formerly Nittsusystem Co Ltd, operates the Human Resource Management (HRM) business and other businesses. The HRM business develops and sells software products and hardware products (employment information terminals) such as employment, human resource and salary management systems, and health and life products for businesses of various industries, as well as cloud services, consulting support and premium support utilizing these products. The HRM business is divided into two businesses, including cloud business and on-premises business. The cloud business includes Kinjiro Enterprise, one of integrated cloud service enterprise resource planning (ERP), consulting support, and employment information terminal. On-premise business includes integrated ERP package Kinjiro Enterprise, consulting support, employment information terminal, and premium support. Other business includes rental conference room business.
KINJIRO CO.,LTD. 
