RPA : Summary of Financial Results 2022

Note:This document has been translated from a part of 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.

Consolidated Financial Results for the Year Ended February 28, 2022

April 14, 2022

Company name:	RPA Holdings, Inc.
Listing:	Tokyo Stock Exchange
Stock code:	6572
URL:	https://rpa-holdings.com/
Representative:	Tomomichi Takahashi, Representative Director
Inquiries:	Satoshi Matsui, Director
TEL:	[phone]

Scheduled date of the ordinary general meeting of shareholders:	May 27, 2022
Scheduled date of the commencement of dividend payment:	-
Scheduled date of the submission of annual securities report:	May 27, 2022
Preparation of supplementary materials on financial results:	Yes
Holding of financial results meeting:	Yes (financial results meeting
available via video streaming)

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

1. Consolidated financial results for the fiscal year ended February 28, 2022 (from March 1, 2021 to February 28, 2022)

(1) Consolidated operating results

(Percentages indicate year-on-year changes.)

Net sales	EBITDA*	Operating profit	Ordinary profit	Profit attributable to owners of parent
Fiscal year ended February 28, 2022 February 28, 2021	Millions of yen 16,796 11,206	% 49.9 11.3	Millions of yen 1,076 1,346	% (20.1) 32.7	Millions of yen 331 532	% (37.8) 13.0	Millions of yen 276 521	% (47.0) 36.6	Millions of yen (1,210) 21	% - 21.1

Note:

Comprehensive income:

Fiscal year ended February 28, 2022	¥(1,215) million	[-%]
Fiscal year ended February 28, 2021	¥21 million	[21.1%]

Basic earnings per share	Diluted earnings per share	Return on equity	Ratio of ordinary profit to total assets	Operating margin
Fiscal year ended February 28, 2022 February 28, 2021	Yen (19.74) 0.36	Yen - 0.33	% (9.8) 0.2	% 1.5 2.9	% 2.0 4.8

(Reference) Share of profit (loss) of entities accounted for using equity method:

Fiscal year ended February 28, 2022 ¥(5) million

Fiscal year ended February 28, 2021 ¥- million

* EBITDA (Ordinary profit + Depreciation + Amortization of goodwill + Interest expenses)

(2) Consolidated financial position

Total assets	Net assets	Equity ratio	Net assets per share
As of February 28, 2022 February 28, 2021	Millions of yen 17,720 18,538	Millions of yen 11,645 13,142	% 65.6 70.9	Yen 190.66 224.19

(Reference) Equity capital:	As of February 28, 2022	¥11,628 million
As of February 28, 2021	¥13,136 million

(3) Consolidated cash flows

Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
Fiscal year ended February 28, 2022 February 28, 2021	Millions of yen 607 1,579	Millions of yen (973) (553)	Millions of yen 60 (15)	Millions of yen 13,101 13,405

2. Cash dividends

Annual dividends
First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022	Yen - -	Yen 0.00 0.00	Yen - -	Yen 0.00 0.00	Yen 0.00 0.00
Fiscal year ending February 28, 2023 (Forecast)	-	-	-	-	-

Total annual dividends	Payout ratio (consolidated)	Dividends on net assets (consolidated)
Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022	Millions of yen - -	% - -	% - -
Fiscal year ending February 28, 2023 (Forecast)	-

Note:

In its Articles of Incorporation, the Company has designated the last day of its second quarter and the last day of its fiscal year as dividend record dates, but it has not yet formulated a forecast of the dividends to which said record dates will apply.

3. Consolidated earnings forecasts for the fiscal year ending February 28, 2023 (from March 1, 2022 to February 28, 2023)

(Percentages indicate year-on-year changes.)

Net sales	EBITDA	Operating profit	Ordinary profit	Profit attributable to owners of parent	Basic earnings per share
Six months ending August 31, 2022 Fiscal year ending February 28, 2023	Millions of yen 9,000 19,350	% 3.0 15.2	Millions of yen 550 1,090	% (15.9) 1.3	Millions of yen 100 500	% (61.8) 50.9	Millions of yen 65 420	% (74.1) 51.7	Millions of yen (50) 160	% - -	Yen (0.82) 2.62

Note:

EBITDA (Ordinary profit + Depreciation + Amortization of goodwill + Interest expenses)

* Notes

• (1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None

• (2) Changes in accounting policies, changes in accounting estimates, and restatement

  • (i) Changes due to revision to accounting standards, etc.: None

  • (ii) Changes in accounting policies due to other reasons: None

• (iii) Changes in accounting estimates:

• (iv) Restatement:

None None

(3) Number of issued shares (common shares)

(i) Number of issued shares as of the end of the period (including treasury shares)

As of February 28, 2022	61,930,000 shares
As of February 28, 2021	58,596,500 shares

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

As of February 28, 2022	940,300 shares
As of February 28, 2021	- shares

(iii) Average number of shares outstanding during the period

For the fiscal year ended February 28, 2022	61,299,416 shares
For the fiscal year ended February 28, 2021	58,500,319 shares

Reference: Summary of non-consolidated financial results

1. Non-consolidated financial results for the fiscal year ended February 28, 2022 (from March 1, 2021 to February 28, 2022)

(1) Non-consolidated operating results

(Percentages indicate year-on-year changes.)

Net sales	Operating profit	Ordinary profit	Profit
Fiscal year ended February 28, 2022 February 28, 2021	Millions of yen 1,587 1,642	% (3.4) (14.4)	Millions of yen 655 689	% (5.0) (30.0)	Millions of yen 679 738	% (7.9) (21.1)	Millions of yen (1,464) 304	% - (51.6)

Basic earnings per share	Diluted earnings per share
Fiscal year ended February 28, 2022 February 28, 2021	Yen (23.88) 5.21	Yen - 4.74

(2) Non-consolidated financial position

Total assets	Net assets	Equity ratio	Net assets per share
As of February 28, 2022 February 28, 2021	Millions of yen 15,336 16,708	Millions of yen 11,633 13,395	% 75.8 80.1	Yen 190.66 228.52

(Reference) Equity capital:	As of February 28, 2022	¥11,628 million
As of February 28, 2021	¥13,390 million

* Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.

* Proper use of earnings forecasts and other special items

The forward-looking statements contained in these materials, including the earnings forecasts, are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Consequently, any statements herein do not constitute assurances regarding actual results by the Company. Actual financial results may differ significantly from the forecasts for various reasons.

RPA Holdings, Inc. (6572)

Consolidated Financial Statements (1) Consolidated balance sheet

(Thousands of yen)As of February 28, 2021

As of February 28, 2022

Assets
Current assets
Cash and deposits	13,405,199	12,623,491
Notes and accounts receivable - trade	1,492,547	1,771,357
Work in process	9,652	12,016
Prepaid expenses	129,217	201,412
Other	141,996	788,375
Total current assets	15,178,613	15,396,652
Non-current assets
Property, plant and equipment
Buildings	56,624	56,624
Accumulated depreciation	(4,496)	(9,401)
Buildings, net	52,128	47,222
Tools, furniture and fixtures	116,199	126,937
Accumulated depreciation	(33,572)	(55,181)
Tools, furniture and fixtures, net	82,627	71,756
Total property, plant and equipment	134,755	118,978
Intangible assets
Goodwill	1,177,588	570,397
Software	653,453	659,772
Software in progress	53,140	68,951
Other	72	72
Total intangible assets	1,884,255	1,299,193
Investments and other assets
Investment securities	821,751	392,241
Leasehold deposits	234,721	227,645
Deferred tax assets	284,883	286,220
Total investments and other assets	1,341,356	906,107
Total non-current assets	3,360,366	2,324,280
Total assets	18,538,980	17,720,933