Consolidated Financial Results Supplementary Document Q1 FY21

August 4, 2021/ SIGMAXYZ Inc. (Stock Code: 6088)

Outline of Financial Results for Q1 FY21

Summary

(YoY)

Consolidated revenue

JPY 3.41 bn

+1%

Ordinary profit

JPY 364 mn

+123%

Profit

JPY 153 mn

+76%

  • Consulting services for aviation industry decreased. A scale-down was implemented for procurement services regarding hardware and software products on behalf of clients in the retail industry, which have contributed only marginally to profit.
  • ERP cloud migration services, DX strategy planning for companies, revitalization of organizations and personnel, and projects that support new business and service developments are leading our business. The reduction in outsourcing costs by strengthening the internal delivery system for ERP cloud migration service projects resulted in an improved profit ratio.
  • Transition to a holding company system from October 2021. Through the growth of our subsidiaries, we will aim to improve the value of the services provided by the group as a whole.

1

Consolidated Income Statement for Q1 FY21

FY 20

FY21

YoY change

Unit: JPY mn

Major changes

(April to June)

(April to June)

Amount

Rate

Revenue

3,366

3,415

+49

+1%

Gross profit

1,300

1,420

+120

+9%

The reduction in

outsourcing costs by

strengthening the internal

delivery system for ERP

S, G&A expenses

1,147

1,041

-106

-9%

cloud migration service

projects resulted in

Operating profit

152

379

+226

+148

improved profit ratio

%

Increase owing to

+123

increased revenue and

Ordinary profit

163

364

+201

decreased cost of

%

revenue

Profit before

309

364

+54

+18%

income taxes

Profit

87

153

+66

+76%

2

Key Performance Index (KPI)

FY20

FY21

YoY change

(April to June)

(April to June)

Number of employees

564

584

+4%

(Number of consultants)

(498)

(511)

(+3%)

Client Satisfaction (NSI*)

94

94

+0pt

Number of projects **

363

348

-4%

Number of clients ***

125

117

-6%

Revenue per contract

9.3

9.8

+5%

(Million yen)

  • NSI (Net Satisfaction Index): Average score from 5 possible ratings for 10 questions evaluating project satisfaction. Conducted in a questionnaire format for the client project owner. 5 ratings - 5: I really agree 100 points; 4: I agree 75 points; 3: I can't say either way 50 points; 2: I don't agree 25 points; 1: I don't agree at all 0 points
  • Number of projects: Projects for which revenue has been recorded over the consolidated cumulative period are aggregated by contract.
  • Number of clients: Clients of projects for which revenue has been recorded over the consolidated cumulative period are aggregated by corporation.

3

Consolidated Balance Sheet for Q1 FY21

Unit: JPY mn

End of

End of Q1

YoY change

Major changes

FY20

FY21

(Amount)

Current assets

8,015

10,146

+2,130

- Increase in cash and deposits

Cash and deposits

5,275

7,574

+2,298

Non-current assets

2,267

1,961

-306

Total assets

10,283

12,108

+1,824

- Repayment of borrowings

Current liabilities

3,239

1,590

-1,648

and the reduction of income

tax payables, etc.

Non-current

1,581

1,596

+14

liabilities

Total liabilities

4,821

3,187

-1,634

- Increase due to capital

Net assets

5,462

8,921

+3,458

increase through a third-party

Equity ratio

53%

74%

+21pts

allotment

4

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Sigmaxyz Inc. published this content on 20 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 August 2021 07:03:01 UTC.