Weathernews : Consolidated Financial Results for the Fiscal Year Ended May 31, 2022

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

June 30, 2022

	Consolidated Financial Results
	for the Fiscal Year Ended May 31, 2022
	(Under Japanese GAAP)
Company name:	Weathernews Inc.
Listing:	Tokyo Stock Exchange
Securities code:	4825
URL:	https://jp.weathernews.com/
Representative:	Chihito Kusabiraki, President and Representative Director
Inquiries:	Shigeru Kawai, IR Manager
Telephone:	[phone]

Scheduled date of annual general meeting of shareholders:	August 11, 2022
Scheduled date to commence dividend payments:	August 12, 2022
Scheduled date to file annual securities report:	August 25, 2022
Preparation of supplementary material on financial results:	Yes
Holding of financial results briefing:	Yes (for institutional investors and
	analysts)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended May 31, 2022 (from June 1, 2021 to May 31, 2022)

(1) Consolidated operating results						(Percentages indicate year-on-year changes.)
	Net sales			Operating profit		Ordinary profit		Profit attributable to
					owners of parent
Fiscal year ended	Millions of yen			%	Millions of yen		%	Millions of yen		%	Millions of yen	%
May 31, 2022	19,650		4.3		2,904	18.8		3,063	19.9		2,157	15.9
May 31, 2021	18,843		5.0		2,444	7.2		2,554	16.7		1,861	14.3

Note: Comprehensive income	For the fiscal year ended May 31, 2022:	¥2,272 million		[19.4%]
		For the fiscal year ended May 31, 2021:	¥1,902 million		[17.7%]
	Basic earnings	Diluted earnings	Return on equity	Ratio of ordinary	Ratio of operating
	per share		per share	profit to total assets	profit to net sales
Fiscal year ended		Yen		Yen		%			%	%
May 31, 2022		196.25		195.73		13.4		16.6	14.8
May 31, 2021		169.81		169.36		12.5		14.8	13.0
Reference: Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended May 31, 2022: -
For the fiscal year ended May 31, 2021: -
(2) Consolidated financial position
		Total assets		Net assets	Equity-to-asset ratio		Net assets per share
As of		Millions of yen	Millions of yen				%		Yen
May 31, 2022		19,127		16,843		87.6			1,523.28
May 31, 2021		17,692		15,439		86.8			1,399.19

Reference: Equity

As of May 31, 2022: ¥16,759 million

As of May 31, 2021: ¥15,355 million

(3) Consolidated cash flows

	Cash flows from	Cash flows from	Cash flows from	Cash and cash
	equivalents at end of
	operating activities	investing activities	financing activities
	period
Fiscal year ended	Millions of yen	Millions of yen	Millions of yen	Millions of yen
May 31, 2022	3,573	(395)	(1,098)	11,422
May 31, 2021	2,479	(615)	(1,094)	9,249

2. Cash dividends

		Annual dividends per share		Total cash		Ratio of
						Payout ratio	dividends to net
	First	Second	Third	Fiscal		dividends
	Total	(Consolidated)	assets
	quarter-end	quarter-end	quarter-end	year-end	(Total)
			(Consolidated)
Fiscal year ended	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
-	50.00	-	50.00	100.00	1,097	58.9	7.4
May 31, 2021
Fiscal year ended	-	50.00	-	50.00	100.00	1,100	51.0	6.8
May 31, 2022
Fiscal year ending	-	50.00	-	50.00	100.00		45.9
May 31, 2023
(Forecast)

3. Consolidated earnings forecasts for the fiscal year ending May 31, 2023 (from June 1, 2022 to May 31, 2023)

(Percentages indicate year-on-year changes.)

	Net sales			Operating profit		Ordinary profit		Profit attributable to	Basic earnings
					owners of parent	per share
Fiscal year ending	Millions of yen			%	Millions of yen		%	Millions of yen		%	Millions of yen	%	Yen
21,000		6.9		3,200	10.2		3,300	7.7		2,400	11.3	217.90
May 31, 2023

* Notes

(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the

change in scope of consolidation):	None
Newly included:	-
Excluded:	-

1. Changes in accounting policies, changes in accounting estimates, and restatement
2. 1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
   2. Changes in accounting policies due to other reasons: None
   3. Changes in accounting estimates: None
   4. Restatement: None
3. Number of issued shares (common shares)
4. 1. Total number of issued shares at the end of the period (including treasury shares)

As of May 31, 2022	11,844,000 shares
As of May 31, 2021	11,844,000 shares

(ii) Number of treasury shares at the end of the period

As of May 31, 2022	841,720 shares
As of May 31, 2021	869,468 shares

(iii) Average number of shares outstanding during the period

Fiscal year ended May 31, 2022	10,991,834 shares
Fiscal year ended May 31, 2021	10,963,762 shares

[Reference] Overview of non-consolidated financial results

1. Non-consolidated financial results for the fiscal year ended May 31, 2022 (from June 1, 2021 to May 31, 2022)

(1) Non-consolidated operating results				(Percentages indicate year-on-year changes.)
	Net sales		Operating profit	Ordinary profit		Profit
Fiscal year ended	Millions of yen		%	Millions of yen		%	Millions of yen		%	Millions of yen	%
May 31, 2022	19,467		4.5	2,729		18.6	3,212	33.5		2,339	38.5
May 31, 2021	18,630		5.1	2,300		3.6	2,406	1.8		1,689	6.3
	Basic earnings	Diluted earnings
	per share		per share
Fiscal year ended			Yen			Yen
May 31, 2022	212.85	212.29
May 31, 2021	154.12	153.71

(2) Non-consolidated financial position

	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
As of	Millions of yen	Millions of yen	%	Yen
May 31, 2022	18,117	16,179	88.8	1,462.88
May 31, 2021	17,267	14,697	84.6	1,331.54

Reference: Equity

As of May 31, 2022: ¥16,095 million

As of May 31, 2021: ¥14,613 million

(Notes) 1. Financial results reports are exempt from audits conducted by certified public accountants or an audit corporation. 2. Proper use of earnings forecasts, and other special matters

Cautions on forward-looking statements, etc.

Forward-looking statements in this material, including earnings forecasts, are based on information currently available to the Company and on certain assumptions deemed reasonable. Actual results may differ significantly due to various factors. Please refer to "1. Overview of operating results, etc." of the attached materials for the suppositions that form the assumptions for the earnings forecasts and cautions regarding the use of the earnings forecasts.

		Weathernews Inc. (4825)
Attachment Contents
	Index
1. Overview of Operating Results, Etc. ........................................................................................................	2
(1)	Overview of operating results for the fiscal year under review..........................................................	2
(2)	Overview of financial position for the fiscal year under review ........................................................	5
(3)	Overview of cash flows for the fiscal year under review ...................................................................	5
(4)	Outlook...............................................................................................................................................	5
(5)	Significant events regarding premise of going concern .....................................................................	6
2. Management Policies................................................................................................................................	6
(1)	Basic policy ........................................................................................................................................	6
(2)	Targeted management indicators........................................................................................................	6
(3)	Issues to be addressed (mid-term management plan) .........................................................................	6
3. Basic Approach to Selection of Accounting Standards ............................................................................	8
4. Consolidated Financial Statements and Significant Notes Thereto ..........................................................	9
(1)	Consolidated balance sheet ................................................................................................................	9
(2)	Consolidated statement of income and comprehensive income .......................................................	11
(3)	Consolidated statement of changes in equity ...................................................................................	13
(4)	Consolidated statement of cash flows ..............................................................................................	15
(5)	Notes to consolidated financial statements.......................................................................................	17
	(Notes to premise of going concern) ................................................................................................	17
	(Changes in accounting policies)......................................................................................................	17
	(Changes in presentation).................................................................................................................	18
	(Notes to consolidated statement of income) ...................................................................................	18
	(Notes to consolidated statement of cash flows) ..............................................................................	20
	(Notes to revenue recognition) .........................................................................................................	20
	(Notes to segment information, etc.) ................................................................................................	22
	(Per share information).....................................................................................................................	23
	(Subsequent events)..........................................................................................................................	23

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