Nexyz : Consolidated Results for the End of the Fiscal Year to September 2022 (494KB)

Consolidated Results for the End of the Fiscal Year to September 2022

(Japanese Accounting Standards)

	(English Translation of "Kessan Tanshin")
November 14, 2022	Exchanges Listed: TSE (Prime Market)
Company Name: Nexyz.Group Corporation	Location of Company Headquarters: Tokyo
Securities Code: 4346	（URL https://www.nexyzgroup.jp/）

Position of Representative: President and Representative Director		Name: Takami Kondo
Contact : Executive Managing Director, Administrative Division Manager	Name: Yasuhiro Matsui Tel.[phone]
					( Amounts truncated to the nearest million yen.)
1. Consolidated results for the End of the Fiscal Year to September 2022
(from Oct. 1, 2021 to Sep. 30, 2022)
(1) Consolidated Results of Operations	(Amounts in percentages show a comparison with the previous same period results.)
	Net Sales		Operating Income		Ordinary Income
	Yen Mln	%		Yen Mln	%			Yen Mln	%
September 2022	19,214	－		382	－			377	－
September 2021	18,763	19.3		△351	－			△353	－
(Note) Comprehensive income	September 2022	281 million yen (―%)	September 2021 △1,048	million yen	(―%)
Net income attributable to	Earnings per Share			Fully Diluted
	owners of the parent		Earnings per Share
	Yen Mln	%		Yen				Yen
September 2022	185	－		14.30				14.25
September 2021	△1,153	－		△ 89.03				―
(Reference) Equity in earnings(losses) of affiliates	September 2022	― million yen	September 2021	―	million yen

(Note)Fully Diluted Earnings per Share for fiscal year ended September 30, 2021, is not indicated because net loss per share is indicated, although there are potential common shares with dilutive effects.

(Note)The Group has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29) and related guidance from the beginning of the fiscal year ending September 30, 2022. Accordingly, all figures for the third quarter of the fiscal year ending September 30, 2022 are figures after application of the said standard and guideline, and no year-on-year changes are presented.

(2) Consolidated Financial Position					(Amounts truncated to the nearest million yen.)
	Total Assets		Net Assets Value	Capital Ratio	Net Assets per Share
	Yen Mln			Yen Mln		%	Yen
September 2022	13,615			2,867		8.8	91.82
September 2021	14,606			3,978		12.3	138.99
(Note) Shareholders' equity:	September 2022	1,194 million yen	September 2021	1,803 million yen
(3) Consolidated Cash Flows					(Amounts truncated to the nearest million yen.)
	Cash Flows from	Cash Flows from		Cash Flows from	End-of-Period
		Cash and Cash
	Operating Activities	Investing Activities		Financing Activities
		Equivalents
	Yen Mln		Yen Mln		Yen Mln	Yen Mln
September 2022		△ 365		△ 140		△ 92	2,831
September 2021		1,558		△ 230		△ 1,743	3,427
2. Consolidated annual dividend
				Annual Dividend Per Share
	End of first	End of secound	End of third		End of Year	Total
	quarter (Yen)		quarter (Yen)	quarter (Yen)	(Yen)	(Yen)
September 2021	―		20.00	―		20.00	40.00
September 2022	―		0.00	―		20.00	20.00
September 2023	―		0.00	―		20.00	20.00
(Forecast)

3. Consolidated Forecast for the fiscal year ending September 2023 (October 1, 2022～September 30, 2023)

				(Percentages indicate changes from the previous term)
	Yen Mln	%	Yen Mln	%	Yen Mln	%
Full Fiscal Year	19,000	△ 1.1	700	83.0	700	85.4
	owners of the parent		Earnings per Share
	%
	Yen Mln		Yen

Full Fiscal Year

400

115.1

30.75

		(Millions of yen)
	As of September 30, 2021	As of September 30, 2022
Assets
Current assets
Cash and deposits	3,427	2,831
Notes and accounts receivable - trade	3,460	2,055
Lease receivables	3,158	3,508
Merchandise	522	659
Accounts receivable - other	172	679
Prepaid expenses	206	270
Other	378	581
Allowance for doubtful accounts	△420	△1,011
Total current assets	10,906	9,574
Non-current assets
Property, plant and equipment
Buildings	1,326	1,329
Accumulated depreciation	△286	△325
Buildings, net	1,039	1,004
Tools, furniture and fixtures	870	888
Accumulated depreciation	△757	△793
Tools, furniture and fixtures, net	112	94
Other	42	42
Accumulated depreciation	△31	△35
Other, net	10	7
Total property, plant and equipment	1,163	1,106
Intangible assets
Goodwill	1	0
Software	73	68
Total intangible assets	75	68
Investments and other assets
Investment securities	890	937
Leasehold and guarantee deposits	620	703
Distressed receivables	824	748
Deferred tax assets	429	688
Other	530	545
Allowance for doubtful accounts	△834	△755
Total investments and other assets	2,461	2,866
Total non-current assets	3,700	4,041
Total assets	14,606	13,615

		(Millions of yen)
	As of September 30, 2021	As of September 30, 2022
Liabilities
Current liabilities
Accounts payable - trade	1,269	1,839
Short-term borrowings	1,200	2,200
Current portion of long-term borrowings	1,836	2,040
Accounts payable - other	393	609
Income taxes payable	211	51
Contract cancellation adjustment reserve	1,545	1,048
Provision for bonuses	316	－
Other	699	984
Total current liabilities	7,473	8,774
Non-current liabilities
Long-term borrowings	2,870	1,673
Other	283	300
Total non-current liabilities	3,153	1,974
Total liabilities	10,627	10,748
Net assets
Shareholders' equity
Share capital	1,198	1,210
Capital surplus	9	20
Retained earnings	1,302	667
Treasury shares	△899	△898
Total shareholders' equity	1,611	999
Accumulated other comprehensive income
Valuation difference on available-for-	191	193
sale securities
Foreign currency translation adjustment	1	2
Total accumulated other comprehensive	192	195
income
Share acquisition rights	6	－
Non-controlling interests	2,168	1,672
Total net assets	3,978	2,867
Total liabilities and net assets	14,606	13,615

		(Millions of yen)
	Fiscal year ended	Fiscal year ended
	September 30, 2021	September 30, 2022
Net sales	18,763	19,214
Cost of sales	10,023	10,324
Gross profit	8,740	8,889
Selling, general and administrative expenses	9,091	8,506
Operating profit (loss)	△351	382
Non-operating income
Interest income	0	0
Reversal of allowance for doubtful accounts	4	－
Recoveries of written off receivables	4	1
Interest on tax refund	3	0
Refund	4	1
Receipt benefit	6	6
Subsidies for employment adjustment	3	－
Administrative service fee income	－	10
Other	13	17
Total non-operating income	41	38
Non-operating expenses
Interest expenses	36	29
Commission expenses	2	7
Other	5	6
Total non-operating expenses	43	43
Ordinary profit (loss)	△353	377
Extraordinary income
Gain on sale of investment securities	－	99
Gain on reversal of share acquisition rights	－	5
Total extraordinary income	－	105
Extraordinary losses
Impairment losses	－	14
Loss on valuation of investment securities	19	0
Loss on valuation of shares of subsidiaries	15	－
and associates
Total extraordinary losses	35	14
Profit (loss) before income taxes	△388	468
Income taxes - current	218	78
Income taxes - deferred	443	112
Total income taxes	662	191
Profit (loss)	△1,051	277
Profit attributable to non-controlling	102	91
interests
Profit (loss) attributable to owners of parent	△1,153	185

		(Millions of yen)
	Fiscal year ended	Fiscal year ended
	September 30, 2021	September 30, 2022
Profit (loss)	△1,051	277
Other comprehensive income
Valuation difference on available-for-sale	0	1
securities
Foreign currency translation adjustment	2	2
Total other comprehensive income	2	4
Comprehensive income	△1,048	281
Comprehensive income attributable to
Comprehensive income attributable to owners	△1,151	188
of parent
Comprehensive income attributable to non-	103	92
controlling interests