Consolidated Financial Results for the Fiscal Year Ended September 30, 2021 [Under Japanese GAAP]

Note: This document has been translated from 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.

November 12, 2021

Consolidated Financial Results

for the Fiscal Year Ended September 30, 2021

[Under Japanese GAAP]

Company name:	SPRIX, Ltd.
Stock exchange listings:	Tokyo Stock Exchange
Securities code number:	7030
URL:	https://sprix.jp/
Representative:	Hiroyuki Tsuneishi, Representative Director and President
Contact:	Masafumi Shitara, General Manager
Telephone number:	(81) 3-6912-7058
Scheduled date of annual general meeting
of shareholders:	December 24, 2021
Scheduled date for submission of
securities report:	December 24, 2021
Scheduled date for dividend payment:	December 27, 2021
Availability of supplementary information
for the financial results:	Yes
Organization of briefing on the
financial results:	Yes (for securities analysts and institutional investors)
	(All amounts are rounded down to the nearest million yen.)

1. Consolidated financial results for the fiscal year ended September 30, 2021 (from October 1, 2020 to September 30, 2021)

(1) Consolidated operating results

				(Percentage figures	represent year-on-year changes.)
	Net Sales		Operating profit		Ordinary profit	Profit attributable to
			owners of parent
Fiscal year ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
September 30,	25,901	118.7	2,437	36.3		2,434	36.2	1,467		27.6
2021
September 30,	11,843	−	1,787	−		1,787	−	1,150		−
2020
(Note) Comprehensive income: For the fiscal year ended September 30, 2021: 1,449 million yen (27.1%)
	For the fiscal year ended September 30, 2020: 1,140 million yen (−%)
	Basic earnings	Diluted earnings	Return on	Ratio of ordinary	Ratio of operating
	per share		per share	Equity		profit to total assets	profit to net sales
Fiscal year ended	Yen		Yen		%		%	%
September 30,	85.41		82.99		17.4		15.8	9.4
2021
September 30,	67.08		64.62		14.6		16.0	15.1
2020

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

For the fiscal year ended September 30, 2021: − million yen

For the fiscal year ended September 30, 2020: − million yen

(Note) Consolidated financial statements are prepared from the second quarter ended March 31, 2020. Accordingly, year-on-year comparison is not available for the fiscal year ended September 30, 2020.

(2) Consolidated financial position

As of	Total assets		Net assets	Equity-to-asset ratio	Net assets per share
	Millions of yen	Millions of yen	%	Yen
September 30, 2021	19,277		8,864	45.9	516.46
September 30, 2020	11,485		8,091	70.2	470.37
(Reference) Equity:	As of September 30, 2021:	8,846 million yen
	As of September 30, 2020:	8,063 million yen

1. Consolidated cash flows

	Cash flows from	Cash flows from	Cash flows from	Cash and cash
	operating	equivalents at the end
	investing activities	financing activities
	activities	of year
Fiscal year ended	Millions of yen	Millions of yen	Millions of yen	Millions of yen
September 30, 2021	2,647	(1,859)	(1,932)	6,163
September 30, 2020	1,459	(373)	(687)	7,308

2. Cash dividends

		Annual dividends per share			Total cash			Ratio of
							Payout ratio		dividends to
	First	Second	Third				dividends
	Fiscal			(Consolidated)		net assets
	quarter-	quarter-	quarter-	Total		(Total)
	year-end				(Consolidated)
	end	end	end
	Yen	Yen	Yen	Yen	Yen		Millions of yen	%	%
Fiscal year ended
September 30,	−	15.00	−	16.00	31.00	531	46.2	6.6
2020
Fiscal year ended
September 30,	−	15.00	−	21.00	36.00	532	42.1	7.3
2021
Fiscal year
ending	−	19.00	−	19.00	38.00			37.1
September 30,
2022 (forecast)

3. Consolidated forecasts for the fiscal year ending September 30, 2022 (From October 1, 2021 to

September 30, 2022)

(Percentage figures represent changes from the previous fiscal year.)

Fiscal year ending	Net sales		Operating profit	Ordinary profit	Profit attributable to	Earnings
	owners of parent	per share
	Millions of	%	Millions of	%	Millions of	%	Millions of	%
	yen	yen	yen	yen	Yen
September 30, 2022	29,546	14.1	2,699	10.8	2,706	11.2	1,755	19.6	102.45

• Notes

1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in change in scope

of consolidation):	Yes
Newly included:	One company (Shonan Seminar CO., LTD.)
Excluded:	None

1. Changes in accounting policies, changes in accounting estimates, and restatement a. Changes in accounting policies due to revision in accounting standards: None

b. Changes in accounting policies other than the above a.:	None
c. Changes in accounting estimates:	None
d. Restatements:	None
(3) Number of issued and outstanding shares (common shares)

a. Number of issued and outstanding shares (including treasury shares)

As of September 30, 2021:	17,473,950 shares
As of September 30, 2020:	17,313,450 shares
b. Number of treasury shares
As of September 30, 2021:	345,245 shares
As of September 30, 2020:	170,245 shares
c. Average number of issued and outstanding shares during the year
Fiscal year ended September 30, 2021:	17,181,540 shares
Fiscal year ended September 30, 2020:	17,145,041 shares

[Reference] Overview of non-consolidated financial results

Non-consolidated financial results for the fiscal year ended September 30, 2021 (from October 1, 2020 to September 30, 2021)

1. Non-consolidatedoperating results

(Percentage figures represent year-on-year changes.)

	Net sales		Operating profit	Ordinary profit	Profit
Fiscal year ended	Millions of yen		%	Millions of yen		%	Millions of yen	%	Millions of yen	%
September 30, 2021	13,362		12.8	1,900		4.6	1,895	4.3	1,360	16.4
September 30, 2020	11,843		3.8	1,817		(33.7)	1,817	(33.8)	1,168	(34.1)
	Basic earnings	Diluted earnings
	per share		per share
Fiscal year ended			Yen			Yen
September 30, 2021			79.16			76.91
September 30, 2020			68.14			65.65

1. Non-consolidatedfinancial position

	Total assets		Net assets		Equity-to-asset ratio	Net assets per share
As of	Millions of yen		Millions of yen		%	Yen
September 30, 2021	12,758		8,765		68.7	511.11
September 30, 2020	11,476		8,081		70.4	471.43
(Reference) Equity	As of September 30, 2021:	8,754 million yen
	As of September 30, 2020:	8,081 million yen

• Financial results reports are exempt from audits conducted by certified public accountants or an audit firm.
• Explanation for the appropriate use of the forecasts and other matters to be noted
  The forecasts for results of operations and other forward-looking information in this report are based on information currently available to SPRIX, Ltd. (the "Company") and assumptions determined to be reasonable. They are not intended as the Company's commitment to achieve such forecasts. Further, actual results may differ significantly from the forecasts due to various reasons. For assumptions that form the basis of the forecasts and other related matters when referring to the forecasts, see "1. OVERVIEW OF FINANCIAL RESULTS, (4) Outlook for the Fiscal Year Ending September 30, 2022" in the attached Supplementary Information on page 4.

Supplementary Information

	Table of Contents
1. OVERVIEW OF FINANCIAL RESULTS	2
(1)	Overview of Consolidated Operating Results	2
(2)	Overview of Consolidated Financial Position	4
(3)	Overview of Consolidated Cash Flows	4
(4)	Outlook for the Fiscal Year Ending September 30, 2022	4
2. BASIC VIEWS ON THE SELECTION OF ACCOUNTING STANDARDS	5
3. CONSOLIDATED FINANCIAL STATEMENTS AND RELATED NOTES	6
(1)	Consolidated Balance Sheet	6
(2)	Consolidated Statements of Income and Comprehensive Income	8
	[Consolidated Statement of Income]	8
	[Consolidated Statement of Comprehensive Income]	9
(3)	Consolidated Statement of Changes in Equity	10
(4)	Consolidated Statement of Cash Flows	12
(5)	Notes to the Consolidated Financial Statements	14
	[Notes Regarding Uncertainties of Entity's Ability to Continue as Going Concern]	14
	[Segment Information]	14
	[Per Share Information]	15
	[Significant Subsequent Events]	15