Copyright 2021 Payroll Inc. All Rights Reserved | 2
Table of Contents
FY2022/3Q Financial Results
２FY2022 Financial Forecasts
３Appendix
Copyright 2021 Payroll Inc. All Rights Reserved | 3
Highlights of Financial Results for 3Q of FY2022 (Apr. to Dec.)
ARR from new orders
As healthy as
440 million yen,
nearly unchanged year on year
(For details, see page 6)
Churn rate
Ave. monthly churn rate is
0.2％ which is very low but is as expected
(For details, see page 8）
ARR from new operations
400 million yen,
nearly unchanged year on year
・The primary reason is the prolongation of the initial installation period due to the coronavirus pandemic.
・Operations are conducted mainly in the second half.
(For details, see page 7)
Sales revenue
grew 8.2%
year on year
(For details, see page 9)
ARR from backlog of orders
As of the end of the 3rd quarter,
operations for
900 million yen are still to be conducted
(For details, see page 7)
Operating income
Dropped 2.6%
year on year
(For details, see page 10)
Copyright 2021 Payroll Inc. All Rights Reserved 4
|
Financial Results for 3Q of FY 2022
Revenues: 5.2 billion yen、up 8.2% The decrease of employees for which payroll processing is conducted amid the coronavirus pandemic has been covered by the growth of sales revenue due to new operations.
Operating Income: 0.67 billion yen、 down 2.6%
There were temporary costs (108 MYen) and personnel expenses augmented for strengthening management structure for IPO and manufacturing structure for the increased transactions expected in the 2nd half.
However, the augmentation of these expenses were already taken into account in the earnings forecast (disclosed on Jun. 22, 2021) and was as expected. If not for the expense,
operating income would've gained yoy.
（ millions of yen,% ）
FY2022/3Q
FY2021/3Q
changes
Rate of
performance
Sales ratio
performance
Sales ratio
increase
New Order：ARR
443
－
454
－
－
－
Order backlog：ARR
914
－
1,105
－
－
－
Revenues
5,287
100％
4,886
100％
+
400
+
8.2
COGS
3,908
73.9
3,587
73.4
+
320
+
8.9
Gross Margin
1,379
26.1
1,299
26.6
+
80
+
6.2
SGA
903
17.1
662
13.5
+
241
＋36.4
Operating
674
12.8
692
14.2
△ 18
△ 2.6
Income
Income before
632
12.0
634
13.0
△
1
△ 0.3
Income Tax
Net Income
538
10.2
416
8.5
+
122
＋29.3
*New Order: ARR: Estimated annual sales revenue (running fees only) from new business operations we undertook ARR＝Annual Recurring Revenue.
*Order backlog: Total sales revenue from transactions for which orders have been placed and actual operations are to be conducted
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Payroll Inc. published this content on 14 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2022 07:42:11 UTC.
Payroll Inc is a Japan-based company mainly engaged in the business process outsourcing (BPO) business. The BPO segment is engaged in the provision of full-scope outsourcing services that comprehensively perform from design to operation in human resources related works such as payroll calculation works, year-end adjustment assistance works and my number management works. The Company is engaged in the provision of payroll business outsourcing services such as payroll services, payroll optional services, welfare counter services and direct response services, as well as my number management services such as my number operation and management services and my number appendix services.
PAYROLL INC. 
