Riskmonster com : Summary of Consolidated Financial Results for the Three Months Ended June 30, 2022(Based on Japanese GAAP)

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the Three Months Ended June 30, 2022 (Based on Japanese GAAP)

				August 10, 2022
Company name:	Riskmonster.com
Stock exchange listing:	Tokyo
Stock code:	3768	URL https://www.riskmonster.co.jp
Representative:	President,CEO	Taichi Fujimoto
Inquiries:	General Manager,Finance and Accounting	Maki Yoshida	TEL [phone]
Division
Scheduled date to file Quarterly Securities Report:	August 12, 2022
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results:	No
Holding of quarterly financial results meeting:	No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)

(1) Consolidated operating results (cumulative)									Percentages indicate year-on-year changes
	Net sales				Operating profit	Ordinary profit		Profit attributable to
						owners of parent
	Millions of yen		%	Millions of yen		%	Millions of yen			%	Millions of yen	%
Three months ended June 30, 2022	898		7.1		131		(2.9)		128		(13.8)		84	(14.6)
Three months ended June 30, 2021	838		7.7		135		3.5		149		13.1		98	10.0
	Earnings per share		Diluted earnings per share
				Yen						Yen
Three months ended June 30, 2022			11.15						11.13
Three months ended June 30, 2021			13.20						-
(2) Consolidated financial position
	Total assets			Net assets		Equity ratio			Net assets per share
	Millions of yen			Millions of yen					%			Yen
As of June 30, 2022			6,585						5,684				85.5			746.97
As of March 31, 2022			6,940						5,894				84.1			774.16
2. Cash dividends
							Annual dividends per share
	1st quarter-end		2nd quarter-end		3rd quarter-end	Fiscal year-end	Total
	Yen			Yen			Yen				Yen		Yen
Year ended March 31, 2022			-		0.00				-				14.50		14.50
Year ending March 31, 2023			-
Year ending March 31, 2023 (Forecast)						0.00				-				14.75		14.75

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

Percentages indicate year-on-year changes

	Net sales		Operating profit		Ordinary profit		Profit attributable to	Earnings per share
				owners of parent
	Millions of yen	%	Millions of yen		%	Millions of yen		%	Millions of yen		%	Yen
Full year	4,000	6.8	690		3.0	700		1.0	465		1.3	61.18

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4. Notes

1. Changes in significant subsidiaries during the three months ended June 30, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation):
2. Application of special accounting methods for preparing quarterly consolidated financial statements:

No

No

(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:	Yes
Changes in accounting policies due to other reasons:	No
Changes in accounting estimates:	Yes
Restatement of prior period financial statements:	No

(4) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

	As of June 30, 2022	7,546,922	shares	As of March 31, 2022	7,546,922	shares
Number of treasury shares at the end of the period
	As of June 30, 2022	13,225	shares	As of March 31, 2022	6,468	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Three months ended June 30, 2022	7,539,934	shares	Three months ended June 30, 2021	7,456,554	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

			(Thousands of yen)
		As of March 31, 2022	As of June 30, 2022
Assets
Current assets
Cash and deposits	2,153,476	2,045,270
Notes and accounts receivable - trade, and contract assets	488,258	460,886
Raw materials and supplies	10,776	15,210
Other	82,247	105,608
Allowance for doubtful accounts	(678)	(596)
Total current assets	2,734,080	2,626,379
Non-current assets
Property, plant and equipment
Buildings and structures	586,364	586,431
Accumulated depreciation	(162,279)	(167,113)
Buildings and structures, net	424,084	419,318
Tools, furniture and fixtures	373,399	380,697
Accumulated depreciation	(298,805)	(306,789)
Tools, furniture and fixtures, net	74,593	73,907
Land	568,352	568,352
Leased assets	4,713	4,713
Accumulated depreciation	(2,029)	(2,225)
Leased assets, net	2,684	2,487
Total property, plant and equipment	1,069,714	1,064,066
Intangible assets
Goodwill	52,375	50,997
Software	931,916	963,849
Other	420,663	462,433
Total intangible assets	1,404,955	1,477,280
Investments and other assets
Investment securities	1,640,486	1,330,697
Other	91,154	86,945
Allowance for doubtful accounts	(338)	(338)
Total investments and other assets	1,731,303	1,417,304
Total non-current assets	4,205,973	3,958,652
Total assets		6,940,053	6,585,031

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			(Thousands of yen)
		As of March 31, 2022	As of June 30, 2022
Liabilities
Current liabilities
Accounts payable - other	308,249	221,001
Current portion of long-term borrowings	60,160	60,160
Income taxes payable	79,048	33,851
Provision for bonuses	1,596	1,394
Other	130,369	189,818
Total current liabilities	579,424	506,226
Non-current liabilities
Long-term borrowings	95,320	87,780
Retirement benefit liability	26,571	29,525
Other provisions	14,769	16,648
Other	329,140	260,495
Total non-current liabilities	465,800	394,449
Total liabilities	1,045,225	900,675
Net assets
Shareholders' equity
Share capital	1,155,993	1,155,993
Capital surplus	795,514	796,318
Retained earnings	3,054,963	3,029,686
Treasury shares	(4,494)	(10,913)
Total shareholders' equity	5,001,976	4,971,085
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	815,376	633,490
Foreign currency translation adjustment	20,172	22,858
Total accumulated other comprehensive income	835,548	656,349
Share acquisition rights	286	286
Non-controlling interests	57,016	56,635
Total net assets	5,894,827	5,684,356
Total liabilities and net assets		6,940,053	6,585,031

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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

			(Thousands of yen)
		Three months ended	Three months ended
		June 30, 2021	June 30, 2022
Net sales	838,697	898,424
Cost of sales	386,993	418,405
Gross profit	451,704	480,018
Selling, general and administrative expenses	316,670	348,884
Operating profit	135,034	131,133
Non-operating income
Interest income	198	21
Dividend income	8,910	7,658
Gain on investments in investment partnerships	6,637	-
Other	358	600
Total non-operating income	16,104	8,281
Non-operating expenses
Interest expenses	568	409
Loss on investments in investment partnerships	-	1,372
Foreign exchange losses	522	2,273
Commitment fees	757	698
Commission expenses	-	6,014
Other	-	0
Total non-operating expenses	1,849	10,768
Ordinary profit	149,289	128,646
Extraordinary losses
Loss on sale of investment securities	-	2,621
Total extraordinary losses	-	2,621
Profit before income taxes	149,289	126,025
Income taxes - current	17,899	29,673
Income taxes - deferred	33,313	12,763
Total income taxes	51,213	42,436
Profit	98,076	83,588
Loss attributable to non-controlling interests	(348)	(471)
Profit attributable to owners of parent		98,425	84,059

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