R&D Computer : Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2021(Based on Japanese GAAP)

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 Nine Months Ended December 31, 2021 (Based on Japanese GAAP)

				February 14, 2022
Company name:	R&D COMPUTER CO,.LTD
Stock exchange listing:	Tokyo
Stock code:	3924	URL https://www.rand.co.jp/
Representative:	President and Representative Director	Yoshiaki Fukushima
Inquiries:	Director and General Manager,	Fumitoshi Okuno	TEL [phone]
Corporate Administration Division
Scheduled date to file Quarterly Securities Report:	February 14, 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 nine months ended December 31, 2021 (from April 1, 2021 to December 31, 2021)

(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		%
Nine months ended December 31, 2021	6,650			-		493		-		498			-		370		-
Nine months ended December 31, 2020	-			-			-		-		-			-		-		-
	Earnings per share		Diluted earnings per share
				Yen						Yen
Nine months ended December 31, 2021			41.31						-
Nine months ended December 31, 2020					-						-
(2) Consolidated financial position
	Total assets			Net assets		Equity ratio
	Millions of yen			Millions of yen					%
As of December 31, 2021			5,956						4,123				69.2
As of March 31, 2021				-						-					-
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, 2021			-		12.00				-				13.00			25.00
Year ending March 31, 2022			-		15.00				-
Year ending March 31, 2022 (Forecast)															16.00			31.00

3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

Percentages indicate year-on-year changes

	Net sales		Operating profit		Ordinary profit		Profit attributable to	Earnings per share
				owners of parent
	Millions of yen	%	Millions of yen		%	Millions of yen		%	Millions of yen		%	Yen
Full year	9,500	-	800		-	810		-	560		-	62.36

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4. Notes

1. Changes in significant subsidiaries during the nine months ended December 31, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation):
2. Application of special accounting methods for preparing quarterly consolidated financial statements:

Yes

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:	Yes
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 December 31, 2021	8,980,650	shares	As of March 31, 2021	8,980,650	shares
Number of treasury shares at the end of the period
	As of December 31, 2021	3,267	shares	As of March 31, 2021	389	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Nine months ended December 31, 2021	8,979,597	shares	Nine months ended December 31, 2020	8,980,330	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

		(Thousands of yen)
		As of December 31, 2021
Assets
Current assets
Cash and deposits	2,935,914
accounts receivable - trade, and contract assets	1,640,595
Securities	300,000
Work in process	367,960
Prepaid expenses	91,111
Other	5,632
Total current assets	5,341,214
Non-current assets
Property, plant and equipment
Buildings, net	38,693
Tools, furniture and fixtures, net	23,063
Total property, plant and equipment	61,757
Intangible assets
Goodwill	121,434
Software	3,218
Trademark right	3,425
Total intangible assets	128,078
Investments and other assets
Investment securities	160,245
Guarantee deposits	60,724
Golf club membership	3,600
Deferred tax assets	201,830
Allowance for doubtful accounts	(900)
Total investments and other assets	425,500
Total non-current assets	615,337
Total assets		5,956,551

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		(Thousands of yen)
		As of December 31, 2021
Liabilities
Current liabilities
Accounts payable - trade	392,508
Short-term borrowings	100,000
Accounts payable - other	37,749
Accrued expenses	164,002
Income taxes payable	66,255
Accrued consumption taxes	66,015
Contract liabilities	66,727
Deposits received	137,628
Provision for bonuses	181,909
Provision for bonuses for directors (and other officers)	26,000
Provision for shareholder benefit program	2,458
Provision for loss on order received	85,000
Total current liabilities	1,326,256
Non-current liabilities
Long-term accounts payable - other	100,000
Retirement benefit liability	407,063
Total non-current liabilities	507,063
Total liabilities	1,833,319
Net assets
Shareholders' equity
Share capital	458,499
Capital surplus	314,769
Retained earnings	3,271,503
Treasury shares	(2,552)
Total shareholders' equity	4,042,220
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	83,835
Remeasurements of defined benefit plans	(2,824)
Total accumulated other comprehensive income	81,011
Total net assets	4,123,231
Total liabilities and net assets		5,956,551

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

Consolidated statements of income (cumulative)

		(Thousands of yen)
		Nine months ended
		December 31, 2021
Net sales	6,650,680
Cost of sales	5,465,170
Gross profit	1,185,509
Selling, general and administrative expenses	691,683
Operating profit	493,825
Non-operating income
Interest income	107
Dividend income	2,526
Outsourcing service income	3,810
Reversal of allowance for doubtful accounts	100
Other	1,294
Total non-operating income	7,838
Non-operating expenses
Interest expenses	399
Loss on retirement of non-current assets	2,379
Total non-operating expenses	2,779
Ordinary profit	498,885
Extraordinary income
Gain on sale of investment securities	59,856
Total extraordinary income	59,856
Profit before income taxes	558,741
Income taxes - current	167,004
Income taxes - deferred	20,788
Total income taxes	187,792
Profit	370,948
Profit attributable to non-controlling interests	-
Profit attributable to owners of parent		370,948

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