Focus : Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2023

Non-Consolidated Financial Results

for the Fiscal Year Ended March 31, 2023

[Japanese GAAP]

May 12, 2023

Company name: Focus Systems Corporation

Listing: Tokyo Stock Exchange

Securities code: 4662

URL: https://www.focus-s.com

Representative: Keiichi Mori, President, Representative Director

Inquiries: Makoto Goto, Executive Managing Director

Telephone: [phone]

Scheduled date of ordinary general meeting of shareholders: June 29, 2023

Scheduled date to commence dividend payments: June 30, 2023

Scheduled date to file annual securities report: June 30, 2023

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. Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 1, 2022 to March 31, 2023)

(1) Non-Consolidated Operating Results			(Percentages indicate year-on-year changes.)
			Net sales				Operating profit	Ordinary profit			Profit
Fiscal year ended			Million yen	%		Million yen	%	Million yen	%		Million yen	%
March 31, 2023			29,124	10.8		1,894	15.5	1,911	19.4			1,390	30.4
March 31, 2022			26,278	11.9		1,640	13.1	1,600	9.0			1,066	4.0
			Basic earnings		Diluted earnings	Return on equity		Ratio of ordinary	Ratio of operating
			per share			per share		profit to total	profit to net sales
									assets
Fiscal year ended		Yen		Yen		%					%		%
March 31, 2023		92.18			-		10.1					8.7		6.5
March 31, 2022		70.76			-		8.3					7.8		6.2
(Reference) Share of	profit (loss) of entities accounted for using equity method
			For the fiscal year ended March 31, 2023: ¥19 million
			For the fiscal year ended March 31, 2022: ¥13 million
(2) Non-Consolidated Financial Position
			Total assets	Net assets	Equity ratio		Net assets per share
			Million yen	Million yen				%					Yen
As of March 31, 2023		20,417		12,814				62.8				848.98
As of March 31, 2022		23,372		14,764				63.2				979.16
(Reference) Equity: As	of March 31, 2023: ¥12,814 million
As of March 31, 2022: ¥14,764 million
(3) Non-Consolidated Cash Flows
			Cash flows from	Cash flows from	Cash flows from			Cash and cash
			operating activities	investing activities	financing activities		equivalents at end of
																period
Fiscal year ended	Million yen	Million yen			Million yen				Million yen
March 31, 2023		2,152		(539)				(679)					5,285
March 31, 2022		1,249		(277)				(590)					4,352
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2. Cash Dividends

		Annual dividends per share		Total cash	Payout	Ratio of
			dividends
						dividends
	1st	2nd	3rd	Year-end	Total	ratio	to net
	quarter-end	quarter-end	quarter-end	(total)		assets
Fiscal year ended	Yen	Yen	Yen	Yen	Yen	Million yen	%	%
March 31, 2022	-	5.00	-	22.00	27.00	407	38.2	3.2
March 31, 2023	-	5.00	-	30.00	35.00	528	38.0	3.8
Fiscal year ending	-	6.00	-	32.00	38.00		39.6
March 31, 2024
(Forecast)

(Note) Breakdown of year-end dividend for the fiscal year ended March 31, 2022: Ordinary dividend: 20.00 yen

Commemorative dividend: 2.00 yen

3. Non-Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 to March 31, 2024)

(Percentages indicate year-on-year changes.)

	Net sales		Operating profit	Ordinary profit	Profit		Basic earnings per
			share
Full year	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
30,100	3.4	2,000	5.5	2,020	5.7	1,450	4.3	96.07

* Notes:

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

As of March 31, 2023: 16,292,942 shares

As of March 31, 2022: 16,292,942 shares

1. Total number of treasury shares at the end of the period: As of March 31, 2023: 1,199,462 shares
   As of March 31, 2022: 1,214,462 shares
2. Average number of shares during the period:

Fiscal year ended March 31, 2023: 15,087,711 shares

Fiscal year ended March 31, 2022: 15,072,980 shares

• These financial results are outside the scope of audit conducted by a certified public accountant or an audit corporation.
• Explanation of the proper use of financial results forecast and other notes
  For assumptions on the earnings forecast and other related matters, please refer to (4) Future Outlook under (1) "Overview of Operating Results, etc." on page 4 of the attachments.

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