Nihon Unisys : Consolidated Financial Report for the First Quarter of Fiscal Year Ending March 31, 2022

Note) This is an English translation of summarized consolidated financial results prepared for readers' convenience. Should there be any inconsistency between the translation and the original Japanese text, the latter shall prevail.

[Summary]Consolidated Financial Report

for the First Quarter of Fiscal Year Ending March 31, 2022 [IFRS]

August 4, 2021

Nihon Unisys, Ltd.

Stock Listing:

Tokyo Stock Exchange 1st Section

Stock Code:

8056

URL:

https://www.unisys.co.jp/

Representative:

Akiyoshi Hiraoka, Representative Director, President & CEO

Scheduled Submission Date for Quarterly Report:

August 13 , 2021

Scheduled Starting Date for Dividend Payment:

-

Earnings Supplementary Explanatory Documents:

yes

Earnings Results Briefing:

yes (for institutional investors and analysts)

1. Consolidated Financial Results for FY2022 Q1(from April 1, 2021 to June 30, 2021)

(Amounts are rounded down to the nearest million yen.)

(1) Consolidated Results of Operations

(Percentage below represents increase (decrease) from previous year)

Revenue

Operating profit

Profit before tax

Profit attributable to

Comprehensive income

owners of parent

Millions of Yen

％

Millions of Yen

%

Millions of Yen

%

Millions of Yen

%

Millions of Yen

%

FY2022 Q1

67,619

(0.4)

4,756

6.6

5,145

12.2

3,516

11.7

3,697

7.5

FY2021 Q1

67,883

－

4,462

－

4,587

－

3,147

－

3,439

－

(note) Adjusted operating profit FY2022 Q1 : 4,693 Million Yen (5.1%)

FY2021 Q1 :

4,464 Million Yen (−)

Adjusted operating profit is the result obtained after deducting selling, general and administrative expenses and cost of sales from revenue.

Basic earnings per share

Diluted earnings per share

FY2022 Q1

Yen

Yen

35.03

34.91

FY2021 Q1

31.36

31.26

(2) Consolidated Financial Position

Ratio of equity

Total Assets

Total Equity

Equity attributable to

attributable to owners

owners of parent

of parent to total

assets

FY2022 Q1

Millions of Yen

Millions of Yen

Millions of Yen

%

237,319

113,856

112,450

47.4%

FY2021 Q1

254,035

113,986

112,271

44.2%

2. Dividends

Dividends Per Share

End of Q1

End of Q2

End of Q3

Year-end

Total

Yen

Yen

Yen

Yen

Yen

FY2021

―

35.00

―

35.00

70.00

FY2022

―

―

FY2022

35.00

―

35.00

70.00

(Forecast)

(Note) Revisions to the latest forecast of dividends: No

3. Consolidated Earnings Forecast for FY2022(from April 1, 2021 to March 31, 2022)

(Percentage below represents increase (decrease) from previous year)

Revenue

Operating profit

Profit before tax

Profit attributable to

Basic earnings

per share

owners of parent

Millions of Yen

%

Millions of Yen

%

Millions of Yen

%

Millions of Yen

%

Yen

FY2022

320,000

3.8

26,000

5.6

25,600

3.5

17,500

5.2

174.35

(Note1) Revisions to

the latest forecast

of consolidated

earnings: No

(Note2)Adjusted operating profit (Full Year)

26,500 Million Yen (5.2%)

* Notes

1. Change in the scope of consolidation (change of condition of significant consolidated subsidiaries) during this period: No
2. Changes in accounting policies, changes in accounting estimates and restatement of corrections
3. 1. Changes in accounting policies as required by IFRS : No
   2. Other changes in accounting policies: No
   3. Changes in accounting estimates: No

(3) Number of shares outstanding (common stock)				(shares)
1.	Number of shares outstanding (including treasury shares)	FY2022 Q1	109,663,524	FY2021	109,663,524
2.	Number of shares of treasury shares	FY2022 Q1	9,269,332	FY2021	9,269,280
3.	Average number of shares outstanding (during the period)	FY2022 Q1	100,394,205	FY2021 Q1	100,367,717

*This consolidated financial report is not subject to quarterly review procedures.

*Comment regarding appropriate usage of earnings forecast, and other special notes

The Company group has applied the International Financial Reporting Standards (IFRS) from the first quarter of the fiscal year ending March 31, 2022. Financial results figures on the transition date and of the previous fiscal year are also presented in accordance with IFRS.

The forward-looking statements such as earnings forecasts contained in this document are based on the information currently available to the Company and certain assumptions which are regarded as legitimate. The Company makes no warranty as to the achievability of what is described in the statements. Actual results may differ from these forecasts due to various factors.

2. Condensed Consolidated Financial Statements

1. Condensed Consolidated Statements of Financial Position

			Millions of Yen
	Transition date	FY2021	FY2022 Q1
	(As of April 1, 2020)	(As of March 31, 2021)	(As of June 30, 2021)
Assets
Current assets
Cash and cash equivalents	33,615	46,281	49,199
Trade and other receivables	79,424	77,556	53,577
Inventories	8,407	7,091	8,393
Other financial assets	520	600	950
Other current assets	11,687	11,744	14,786
Total current assets	133,655	143,273	126,908
Non-current assets
Property, plant and equipment	14,330	13,332	13,046
Right-of-use assets	28,415	24,571	23,513
Goodwill	1,509	1,873	1,569
Intangible assets	19,356	21,201	21,308
Investments accounted for using equity method	2,470	1,617	1,783
Other financial assets	31,480	35,929	36,915
Deferred tax assets	9,501	5,586	5,115
Retirement benefit asset	699	1,414	1,416
Other non-current assets	5,528	5,235	5,741
Total non-current assets	113,292	110,761	110,410
Total assets	246,947	254,035	237,319

			Millions of Yen
	Transition date	FY2021	FY2022 Q1
	(As of April 1, 2020)	(As of March 31, 2021)	(As of June 30, 2021)
Liabilities and equity
Liabilities
Current liabilities
Trade and other payables	24,935	27,859	16,781
Contract liabilities	18,899	18,038	23,684
Borrowings	5,617	4,317	3,932
Lease liabilities	8,286	8,571	8,254
Other financial liabilities	2,960	2,787	6,127
Income taxes payable	4,660	5,118	73
Provisions	1,340	559	695
Other current liabilities	24,236	23,833	15,996
Total current liabilities	90,937	91,086	75,544
Non-current liabilities
Borrowings	15,717	17,012	17,012
Lease liabilities	21,431	17,540	16,801
Other financial liabilities	138	503	470
Retirement benefit liability	13,276	12,558	12,302
Provisions	1,201	1,284	1,259
Deferred tax liabilities	23	18	30
Other non-current liabilities	-	44	41
Total non-current liabilities	51,787	48,962	47,918
Total liabilities	142,725	140,048	123,463
Equity
Share capital	5,483	5,483	5,483
Capital surplus	14,909	14,901	14,901
Treasury shares	(13,513)	(13,475)	(13,475)
Other components of equity	5,051	6,618	6,790
Retained earnings	90,729	98,744	98,750
Total equity attributable to owners of parent	102,660	112,271	112,450
Non-controlling interests	1,562	1,715	1,405
Total equity	104,222	113,986	113,856
Total liabilities and equity	246,947	254,035	237,319

1. Condensed Condolidated Statements of Profit or Loss and Comprehensive Income
   (Condensed Consolidated Statements of Profit or Loss)

		Millions of Yen
	FY2021 Q1	FY2022 Q1
	(Three months ended	(Three months ended
	June 30, 2020)	June 30, 2021)
Revenue	67,883	67,619
Cost of sales	51,288	49,947
Gross profit	16,594	17,671
Selling, general and administrative expenses	12,129	12,977
Share of profit (loss) of investments accounted for using equity method	(30)	(5)
Other income	46	72
Other expenses	18	4
Operating profit	4,462	4,756
Finance income	231	434
Finance costs	106	45
Profit before tax	4,587	5,145
Income tax expense	1,478	1,634
Profit	3,109	3,510
Profit attributable to
Owners of parent	3,147	3,516
Non-controlling interests	(38)	(5)
Profit	3,109	3,510
Earnings per share
Basic earnings per share (Yen)	31.36	35.03
Diluted earnings per share (Yen)	31.26	34.91