Japan System Techniques : 【Delayed】Notice of Revisions to Earnings and Dividend Forecasts

News Release January 26, 2022

Company: Japan System Techniques Co., Ltd.

Representative: Takeaki Hirabayashi, President and CEO

Stock code: 4323, Tokyo Stock Exchange, First Section

Contact: Hiroyuki Norimoto,

General Manager of General Affairs Department

Tel: [phone]

Notice of Revisions to Earnings and Dividend Forecasts

Japan System Techniques Co., Ltd. (JAST) has reviewed the current performance trends and revised its consolidated earnings and dividend forecasts for the fiscal year ending March 31, 2022 (April 1, 2021 to March 31, 2022) that were announced on May 13, 2021.

1. Revision to earnings forecast

1. Revision to the consolidated earnings forecast for the fiscal year ending March 31, 2022 (April 1, 2021 - March 31, 2022)

	Net sales	Operating	Ordinary	Profit attributable	Net income
	profit	profit	to owners of parent	per share
	Million yen	Million yen	Million yen	Million yen	Yen
Previous forecast (A)	19,500	1,330	1,360	820	152.37
Revised forecast (B)	21,000	1,700	1,730	1,050	177.28
Change (B - A)	1,500	370	370	230	-
Percentage change (%)	7.7	27.8	27.2	28.0	-
(Reference)
Previous fiscal year's results	18,789	1,216	1,310	578	107.95
(Fiscal year ended March 31, 2021)

(2) Reasons for revision

Sales of products and services are strong in the GAKUEN, medical big data and BankNeo businesses using JAST's own brands. In addition, profitability has increased in the core software business due to the receipt of large orders and other reasons. The ASEAN business is also performing well. As a result, JAST has raised the sales and earnings forecasts and expects record-high sales and earnings at all levels. Sales are expected to increase for the ninth consecutive fiscal year and ordinary profit for the third consecutive fiscal year.

2. Revision to dividend forecast

(1) Revision to the dividend forecast for the fiscal year ending March 31, 2022

				Dividend per share
		2Q-end		Year-end		Total
Previous forecast		-		30.00 yen		30.00 yen
(announced on May 13, 2021)
Revised forecast		-		40.00 yen		40.00 yen
Current fiscal year's results		0.00 yen		-		-
Previous fiscal year's results		0.00 yen		28.00 yen		28.00 yen
(Fiscal year ended March 31, 2021)
(2) Reasons for revision
JAST raised the year-end dividend	forecast to 40	yen per share in order to	return more earnin gs to

shareholders following the upward revisions of sales and earnings forecasts described above.

Note: Forecasts are based on assumption judged to be valid and information available to JAST's management at the time this release was prepared. Actual results may differ from these forecasts.