TBCSCAT : Consolidated Financial Results for the Six Months Ended April 30, 2022

株式会社ティビィシィ・スキヤツト

Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results

for the Six Months Ended April 30, 2022

[Japanese GAAP]

Company name: TBCSCAT Inc.	June 09, 2022
Stock exchange listing: Tokyo
Code number: 3974
URL: http://www.tbcscat.jp/
Representative: Nagashima Hideo	President and CEO
Contact: Nishio Shinobu	Director,General Manager of Accounting and Finance Division
Phone: [phone]

Scheduled date of filing quarterly securities report: June 10, 2022

Scheduled date of commencing dividend payments: July 11, 2022

Availability of supplementary briefing material on quarterly financial results: Yes

Schedule of quarterly financial results briefing session: No

(Amounts of less than one million yen are rounded down)

1. Consolidated Financial Results for the Six Months Ended April 30, 2022 (November 01, 2021 to April 30, 2022)

(1) Consolidated Operating Results			(% indicates changes from the previous corresponding period.)
	Net sales		Operating profit	Ordinary profit	Profit attributable to
		owners of parent
Six months ended	Million yen		%	Million yen	%	Million yen	%	Million yen	%
April 30, 2022	1,302		5.4	137	28.5	136	27.7	43	(46.2)
April 30, 2021	1,236		(5.9)	106	31.5	106	28.8	81	60.1

(Note) Comprehensive income:	Six months ended April 30, 2022:
	Six months ended April 30, 2021:

¥	45 million	[	(45.6) %]
¥	83 million	[	64.3%]

	Basic earnings	Diluted earnings per
	per share		share
Six months ended	Yen			Yen
April 30, 2022	10.05			-
April 30, 2021	18.75			-
(2) Consolidated Financial Position
	Total assets		Net assets	Capital adequacy ratio
As of	Million yen			Million yen	%
April 30, 2022	3,596			2,141	59.5
October 31, 2021	3,714			2,316	62.4
(Reference) Equity: As of	April 30, 2022:	¥	2,141 million
As of	October 31, 2021:	¥	2,316 million

株式会社ティビィシィ・スキヤツト

2. Dividends

					Annual dividends
		1st	2nd		3rd		Year-end	Total
	quarter-end	quarter-end	quarter-end
		Yen		Yen	Yen		Yen	Yen
Fiscal year ended October 31, 2021		-		0.00	-		7.00	7.00
Fiscal year ending October 31, 2022		-		4.00
Fiscal year ending October 31, 2022					-		4.00	8.00
(Forecast)
(Note) Revision to the forecast for dividends	announced most	recently:	No
(Note) Breakdown of the 2nd quarter dividend for the fiscal year ending October 31, 2022 :
Commemorative dividend	-	yen
Special dividend	-	yen

3. Consolidated Financial Results Forecast for the Fiscal Year Ending October 31, 2022(November 01, 2021 to October 31, 2022) (% indicates changes from the previous corresponding period.)

			Net sales		Operating profit	Ordinary profit	Profit attributable to	Basic earnings
				owners of parent	per share
			Million yen		%	Million yen	%	Million yen	%	Million yen	%	Yen
Full year			2,546		2.5	198	10.0	198	9.6	129	6.9	29.57
(Note) Revision to the financial results forecast announced most recently:	No
* Notes:
(1) Changes in significant subsidiaries during the six months ended April 30, 2022
(changes in specified subsidiaries resulting in changes in scope of consolidation):	No
New	-	(Company name:								)
Exclusion:	-	(Company name:								)
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:	No

1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
2. 1. Changes in accounting policies due to the revision of accounting standards: Yes
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
3. Total number of issued shares (common shares)
4. 1. Total number of issued shares at the end of the period (including treasury shares):

April 30, 2022:	5,240,000	shares
October 31, 2021:	5,240,000	shares
2) Total number of treasury shares at the end of the period:
April 30, 2022:	1,321,254	shares
October 31, 2021:	822,929	shares

3) Average number of shares during the period:
Six months ended April 30, 2022:	4,370,662	shares
Six months ended April 30, 2021:	4,358,728	shares

株式会社ティビィシィ・スキヤツト

Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

				(Thousand yen)
			As of October 31,2021	As of April 30,2022
Assets
	Current assets
		Cash and deposits	1,726,985	1,526,449
		Accounts receivable - trade	185,693	260,370
		Merchandise	39,983	36,177
		Work in process	3,726	3,334
		Other	28,428	88,524
		Allowance for doubtful accounts	(171)	(287)
		Total current assets	1,984,645	1,914,568
	Non-current assets
		Property, plant and equipment
		Buildings and structures	1,890,902	1,835,170
		Accumulated depreciation	(1,070,803)	(1,087,437)
		Buildings and structures, net	820,099	747,732
		Land	319,248	319,248
		Other	163,914	166,224
		Accumulated depreciation	(137,904)	(143,099)
		Other, net	26,010	23,124
		Total property, plant and equipment	1,165,358	1,090,106
		Intangible assets
		Software	62,167	232,147
		Software in progress	205,884	51,954
		Goodwill	66,689	59,279
		Other	494	5,199
		Total intangible assets	335,237	348,582
		Investments and other assets
		Deferred tax assets	155,435	167,982
		Other	90,538	91,411
		Allowance for doubtful accounts	(16,693)	(16,148)
		Total investments and other assets	229,280	243,245
		Total non-current assets	1,729,876	1,681,934
	Total assets	3,714,521	3,596,502

株式会社ティビィシィ・スキヤツト

(Thousand yen)

			As of October 31,2021	As of April 30,2022
Liabilities
	Current liabilities
		Accounts payable - trade	42,828	53,986
		Short-term borrowings	200,000	200,000
		Current portion of long-term borrowings	85,680	75,680
		Accrued expenses	135,318	132,551
		Income taxes payable	52,419	45,461
		Provision for bonuses	79,654	65,927
		Other	96,761	201,188
		Total current liabilities	692,661	774,795
	Non-current liabilities
		Long-term borrowings	303,880	271,040
		Provision for retirement benefits for directors (and	18,365	18,365
		other officers)
		Provision for share awards	10,548	14,973
		Retirement benefit liability	340,426	340,156
		Other	31,855	35,878
		Total non-current liabilities	705,075	680,413
	Total liabilities	1,397,737	1,455,208
Net assets
	Shareholders' equity
		Share capital	200,000	200,000
		Capital surplus	338,339	338,339
		Retained earnings	1,996,498	2,007,969
		Treasury shares	(214,716)	(403,346)
		Total shareholders' equity	2,320,122	2,142,963
	Accumulated other comprehensive income
		Valuation difference on available-for-sale	(3,337)	(1,668)
		securities
		Total accumulated other comprehensive income	(3,337)	(1,668)
	Total net assets	2,316,784	2,141,294
Total liabilities and net assets	3,714,521	3,596,502

株式会社ティビィシィ・スキヤツト

Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statements of Income (For the six months)

		(Thousand yen)
	For the six months	For the six months
	ended April 30,2021	ended April 30,2022
Net sales	1,236,607	1,302,944
Cost of sales	709,033	736,478
Gross profit	527,573	566,465
Selling, general and administrative expenses	420,654	429,050
Operating profit	106,919	137,415
Non-operating income
Interest income	6	6
Dividend income	0	-
Gain on sale of investment securities	25	-
Facility rental fee	886	846
Subsidy income	643	100
Other	542	209
Total non-operating income	2,104	1,162
Non-operating expenses
Interest expenses	1,813	1,563
Other	264	440
Total non-operating expenses	2,077	2,003
Ordinary profit	106,945	136,574
Extraordinary income
Subsidies income	24,993	10,648
Gain on sale of non-current assets	7,641	-
Total extraordinary income	32,634	10,648
Extraordinary losses
Loss on COVID19	26,858	19,805
Loss on sale of non-current assets	28	-
Loss on retirement of non-current assets	132	-
Impairment losses	-	56,061
Total extraordinary losses	27,018	75,866
Profit before income taxes	112,561	71,356
Income taxes - current	30,858	40,704
Income taxes - deferred	(25)	(13,277)
Total income taxes	30,832	27,426
Profit	81,729	43,930
Profit attributable to owners of parent	81,729	43,930