Summary of Financial Results (Japanese GAAP) for FY2020 (Non-consolidated)
Name of the listed company: | Cacco Inc. | February 10, 2021 |
Stock exchange listings: | Tokyo Stock Exchange | |
Code#: 4166 | URL https://cacco.co.jp | |
Representative: | (Title) Representative Director, President and CEO | (Name) Hiroyuki Iwai |
Person in charge of inquiries: | (Title) Senior Managing Director, CFO in charge of administration unit | (Name) Kentaro Sekine |
TEL: +81-03-6447-4534 | |
Scheduled date of the Ordinary General Meeting of Shareholders: | March 26, 2021 |
Scheduled date to commence dividend payments: | - |
Scheduled date of filing of Annual Securities Report: | March 29, 2021 |
Preparation of supplementary explanatory materials for financial results: | Yes |
Holding of financial results briefing: | Yes (for institutional investors and analysts) |
(Amounts less than one million yen have been omitted) |
1. Results for the fiscal year ending December 31, 2020 (January 1, 2020 to December 31, 2020)
Net sales | Operating income | Ordinary income | Net income | ||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||||
FY2020 | 831 | 11.5 | 138 | 39.5 | 115 | 26.2 | 130 | 13.6 | |||||||||
FY2019 | 745 | 3.6 | 99 | 19.4 | 91 | 11.6 | 114 | 42.1 | |||||||||
Earnings per share | Diluted earnings per | Return on equity | Ordinary income to total | Operating income to | |||||||||||||
share | assets ratio | net sales ratio | |||||||||||||||
Yen.00 | Yen.00 | % | % | % | |||||||||||||
FY2020 | 55.37 | 49.97 | 15.9 | 8.5 | 16.6 | ||||||||||||
FY2019 | 48.99 | - | 26.4 | 12.0 | 13.3 | ||||||||||||
(1) Business | Performance | (%figures | represent changes from | the previous fiscal year) |
(Reference) Holding method investment profit and loss FY2020 - million yen, FY2019 - million yen
(Note) 1. We conducted a stock split on September 9, 2020 at a ratio of 3 shares per share of common stock. Earnings per share and diluted earnings per share are calculated on the assumption that the said stock split was conducted at the beginning of the previous fiscal year.
- Diluted earnings per share for the previous fiscal year is not shown because our shares are unlisted and the average share price during the period cannot be determined, although there are residual shares.
- Since our shares were listed on the Mothers market of the Tokyo Stock Exchange on December 17, 2020, the diluted earnings per share for the current fiscal year is calculated by deeming the average share price from the date of initial listing to the end of the current fiscal year as the average share price during the period.
Total assets | Net assets | Capital adequacy ratio | Per share net assets | |
Millions of yen | Millions of yen | % | Yen.00 | |
FY2020 | 1,822 | 1,148 | 62.8 | 437.15 |
FY2019 | 894 | 494 | 54.9 | 210.08 |
(2) Financial Position | ||||
(Reference) Equity: | FY2020: 1,145 million yen, FY2019: 490 million yen |
(Note) On September 9, 2020, we conducted a 3-for-1 stock split of common stock. Net assets per share is calculated on the assumption that the said stock split was conducted at the beginning of the previous fiscal year.
(3) Status of Cash Flows
Cash flows from operating | Cash flows from | Cash flows from | Cash and cash | |
equivalents at end of | ||||
activities | investment activities | financial activities | ||
period | ||||
Millions of yen | Millions of yen | % | Yen.00 | |
FY2020 | 166 | (197) | 734 | 1,293 |
FY2019 | 73 | (112) | 110 | 590 |
2. Dividends
Annual dividend | Total amount | Dividend | Dividend to | |||||||
of dividend | payout ratio | net assets | ||||||||
1Q-end | 2Q-end | 3Q-end | FY-end | Total | ||||||
Yen.00 | Yen.00 | Yen.00 | Yen.00 | Yen.00 | Millions of yen | % | % | |||
FY2019 | - | - | - | 0.00 | 0.00 | - | - | - | ||
FY2020 | - | - | - | 0.00 | 0.00 | - | - | - | ||
FY2021 | - | - | - | 0.00 | 0.00 | - | ||||
(Forecast) |
3. Forecast for the fiscal year ending December 31, 2021 (January 1, 2021 to December 31, 2021)
(%figures represent changes from the previous fiscal year)
Net sales | Operating income | Ordinary income | Net income | Per share net | |||||
income | |||||||||
Full Year | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen.00 |
909 | 9.4 | 154 | 11.8 | 149 | 29.3 | 102 | (21.3) | 39.05 |
(Note) Since the Company manages its operations on an annual basis, the forecast for the first half of the fiscal year has been omitted. For details, please refer to "1. Business Results, etc. (4) Outlook" on page 3.
*Notes:
- Changes in accounting policies, changes in accounting estimates, and restatements
- Changes in accounting policies due to revision of accounting standards, etc.: None
(2) | Changes in accounting policies other than (1) | : None |
(3) | Changes in accounting estimates | : None |
(4) | Restatements | : None |
(2) Number of shares issued (common stock) | ||||
(i) #shares outstanding at end of period | FY2020 | 2,619,581 shares | FY2019 | 2,337,081 shares |
(ii) #treasury share at end of period | FY2020 | - | FY2019 | - |
(iii) #average shares during FY | FY2020 | 2,348,611 shares | FY2019 | 2,337,081 shares |
(Note) On September 9, 2020, the Company conducted a 3-for-1 stock split of common stock. The number of shares is based on the assumption that the said stock split was conducted at the beginning of the previous fiscal year.
*The financial statements are not subject to audit by certified public accountants or auditing firms.
*Explanation of the appropriate use of financial forecasts and other special notes (Cautionary Note Regarding Forward-Looking Statements, etc.)
The forward-looking statements, including business forecasts, contained in this document are based on information currently available to the Company and on certain assumptions deemed reasonable, and are not intended as a promise by the Company that they will be achieved. Actual results may differ significantly from these forecasts due to various factors. Please refer to "1. Business Results, etc. (4) Outlook" on page 3 of the attached materials for matters concerning the forecast of business results.
(How to obtain supplementary explanatory materials and explanations of financial results)
The supplementary explanatory materials for the financial results for the fiscal year ending December 31, 2020 will be disclosed on TDnet on the same day and then posted on the Company's website. In addition, the Company is scheduled to hold a briefing session for institutional investors and analysts on Wednesday, February 10, 2020. The video of this briefing and the materials for the financial results briefing to be distributed on that day will be posted on the Company's website promptly after the briefing.
Cacco Inc. (4166) Financial Results for FY2020 | ||
○Table of contents of attached documents | ||
(1) | Summary of Business Results for the Current Fiscal Year ........................................................................................................ | 2 |
(2) | Summary of Financial Position ................................................................................................................................................. | 2 |
(3) Summary of Cash Flows for the Current Fiscal Year .............................................................................................................. | ...3 | |
(4) | Outlook for the future.............................................................................................................................................................. | 3 |
(1) | Balance Sheet .......................................................................................................................................................................... | 5 |
(2) | Statement of Income ............................................................................................................................................................... | 7 |
(3) | Statement of Changes in Net Assets ........................................................................................................................................ | 9 |
(4) | Statement of Cash Flows........................................................................................................................................................ | 10 |
(5) | Notes to the Financial Statements ......................................................................................................................................... | 11 |
(Notes on Going Concern Assumption) ............................................................................................................................... | 11 | |
(Equity in earnings of affiliates, etc.) ................................................................................................................................... | 11 | |
(Segment Information, etc.) ................................................................................................................................................ | 11 | |
(Per Share Information)....................................................................................................................................................... | 11 | |
(Significant Subsequent Event)............................................................................................................................................ | 11 |
1
Cacco Inc. (4166) Financial Results for FY2020
1. Summary of Business Results, etc.
(1) Summary of Business Results for the Current Fiscal Year
During the fiscal year under review (January 1, 2020 to December 31, 2020), the Japanese economy remained in an extremely difficult situation with sluggish personal consumption and corporate performance due to the impact of the spread of COVID19. Although there were some signs of recovery due to the effects of various policies and other factors, the future of the economy remains uncertain due to the reemergence of the COVID19 infection, as well as the impact of the change in the U.S. administration and trade issues caused by the U.S.-China trade friction in the global economic situation.
According to a 2019 survey by the Ministry of Economy, Trade and Industry (METI), the consumer electronic commerce (B to C-EC) market grew 7.65% year on year to 19.3 trillion yen, maintaining a high growth rate. On the other hand, there has been a sharp increase in the number theft of credit card numbers and other information, and according to the "Japan Credit Statistics 2019" by the Japan Credit Association, the amount of damage caused by number theft in 2019 increased about 19% from the previous year to about 22.3 billion yen, which is about 3.3 times that of 2014.
In response to this situation, the revised Installment Sales Act mandates that necessary measures be taken to prevent the unauthorized use of credit card numbers, etc. In addition, the "Credit Card Security Guidelines Version 1.0 (Credit Card Transaction Security Council)," which serves as a practical guideline, requires member stores to introduce measures such as "attribute and behavior analysis (fraud detection system)" according to the risk situation as a countermeasure against fraudulent use of credit cards in non-face-to-face transactions.
In this business environment, we have been developing the "SaaS-type algorithm business" to support companies in solving their problems and challenges by developing and providing algorithms and software based on our data science technology and know-how, with the management vision of "giving shape to the future game changers' 'Let's do it'".
In the area of fraud detection service, we continued to promote system collaboration with EC package and shopping cart vendors for its fraudulent order detection service "O-PLUX", and also worked to increase awareness and cultivate new customers by expanding its owned media and actively holding online seminars. As a result of these efforts, the amount of ARR (Annual Recurring Revenue, the sum of the monthly fee, which is a fixed charge, and the screening fee, which is a pay- per-use fee based on the number of screenings) for "O-PLUX" expanded to 594,709 thousand yen (up 13.5% year-on-year) in the current fiscal year, supported by an increase in the use of EC services triggered by demand for those staying and working from home due to the impact of COVID19. The total amount of the service (the sum of the monthly fee, which is a fixed charge, and the screening fee, which is a pay-per-use charge based on the number of screening cases) increased to 594,709 thousand yen (up 13.5% year-on-year). With regard to the "O-MOTION" unauthorized access detection service, the Company worked to develop sales channels by strengthening alliances, such as with IceWall MFA, a multi-factor authentication platform provided by Hewlett-Packard Japan, Ltd.
In the payment consulting service, orders for system development projects were steady, and in the data science service, we started providing "SAKIGAKE KPI," a new data analysis service that aggregates, analyzes, and reports up to 100 million records in 30 business days.
As a result of the above, net sales for the current fiscal year were 831,354 thousand yen (up 11.5% year on year), operating income was 138,120 thousand yen (up 39.5% year on year), ordinary income was 115,497 thousand yen (up 26.2% year on year), and net income was 130,035 thousand yen (up 13.6% year on year).
As we are in a single segment of SaaS-type algorithm provision business, segment information has been omitted.
-
Summary of Financial Position (Assets)
Current assets at the end of the current fiscal year totaled 1,402,765 thousand yen, an increase of 707,560 thousand yen from the end of the previous fiscal year. This was mainly due to an increase of 703,166 thousand yen in cash and deposits. Fixed assets totaled 420,172 thousand yen, an increase of 220,685 thousand yen from the end of the previous fiscal year. This was mainly due to an increase of 156,740 thousand yen in software in progress.
As a result, total assets amounted to 1,822,938 thousand yen, an increase of 928,246 thousand yen from the end of the previous fiscal year.
(Liabilities)
2
Cacco Inc. (4166) Financial Results for FY2020
Current liabilities at the end of the current fiscal year were 383,483 thousand yen, an increase of 226,278 thousand yen over the end of the previous fiscal year. This was mainly due to an increase of 169,570 thousand yen in current portion of long- term borrowings. Fixed liabilities totaled 291,009 thousand yen, an increase of 47,788 thousand yen from the end of the previous fiscal year. This was mainly due to an increase of 77,788 thousand yen in long-term loans payable.
As a result, total liabilities amounted to 674,492 thousand yen, an increase of 274,066 thousand yen from the end of the previous fiscal year.
(Net assets)
Total net assets at the end of the current fiscal year were 1,148,445 thousand yen, an increase of 654,179 thousand yen from the end of the previous fiscal year. This was mainly due to an increase of 262,499 thousand yen in share capital and capital surplus, respectively, and an increase of 130,035 thousand yen in retained earnings as a result of the initial public offering. As a result, the shareholders' equity ratio was 62.8% (54.9% at the end of the previous fiscal year).
(3) Summary of Cash Flows for the Current Fiscal Year
Cash and cash equivalents (hereinafter referred to as "cash") at the end of the current fiscal year increased by 703,166 thousand yen from the end of the previous fiscal year to 1,293,117 thousand yen. The status of each cash flow and its factors in the current fiscal year are as follows.
(Cash flows from operating activities)
Cash flows from operating activities amounted to 166,755 thousand yen (73,548 thousand yen in the previous fiscal year). This was mainly due to net income before taxes of 115,497 thousand yen.
(Cash flows from investing activities)
Cash flows from investing activities amounted to 197,669 thousand yen (112,221 thousand yen of expenditure in the previous fiscal year). This was mainly due to the expenditure of 166,021 thousand yen for the purchase of intangible assets.
(Cash flows from financing activities)
Cash flows from financing activities amounted to 734,080 thousand yen (110,824 thousand yen in the previous fiscal year). This was mainly due to proceeds from long-term borrowings of 300,000 thousand yen and proceeds from issuance of new shares of 524,998 thousand yen.
(4) Outlook for the Future
As for the outlook for the future, we believe that the needs for our fraud detection services will continue to increase in the business environment of sustained growth of the EC market, rapid increase in fraudulent online payments, and growing social demands for fraud countermeasures such as legal regulations. With regard to the fraudulent order detection service "O- PLUX," we will further strengthen alliances, including collaboration with EC package and shopping cart vendors, expand the service domain by renewing the architecture and utilizing all of our technologies and know-how, and promote to the BNPL agents the introduction as well as the long-term use of our fraud detection service that generates synergy effects when it is coupled with payment consulting service. In addition, we will continue to expand sales of "O-MOTION", an unauthorized access detection service, by further strengthening its device identification technology. In the area of payment consulting services, we will strive to expand sales. In the payment consulting service, we will make preparations for the provision of a SaaS-type BNPL settlement system, while in the data science service, we will strive to capture new revenue opportunities by expanding sales of the data analysis service "SAKIGAKE KPI," which was released in October 2020.
Based on the above, for the full year of the fiscal year ending December 31, 2021 (January 1, 2021 to December 31, 2021), we forecast net sales of 909 million yen (up 9.4% year on year), operating income of 154 million yen (up 11.8% year on year), ordinary income of 149 million yen (29.3% increase) and net income of 102 million yen (21.3% decrease from the same period of the previous year).
For details of the financial forecast, please refer to the "Financial Results for the Fiscal Year Ending December 31, 2020" posted on TDnet and our website.
Since the future of the impact of COVID19 is uncertain, the above forecast may vary depending on the timing of the end of the disease and social conditions. The above forecasts are based on information available as of the date of announcement of this document, and actual results may differ from the forecasts due to various factors.
3
Cacco Inc. (4166) Financial Results for FY2020
2. Basic Approach to the Selection of Accounting Standards
Since most of our stakeholders are domestic shareholders, creditors, and business partners, and there is little need to raise funds from overseas, we apply Japanese GAAP for accounting standards.
4
Cacco Inc. (4166) Financial Results for FY2020
3. Financial Statements and Major Notes
(1) Balance Sheet
(Unit: thousand yen) | |||
Previous fiscal year | Current fiscal year | ||
(Dec. 31, 2019) | (Dec. 31, 2020) | ||
Assets | |||
Current assets | |||
Cash and deposits | 590,011 | 1,293,177 | |
Accounts receivable | 74,819 | 89,922 | |
Work in process | 2,278 | 135 | |
Income tax receivable | 5,784 | - | |
Prepaid expenses | 13,035 | 16,580 | |
Consumption taxes refund receivable | 5,667 | - | |
Other | 3,606 | 2,950 | |
Total current assets | 695,204 | 1,402,765 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings | 7,524 | 9,024 | |
Accumulated depreciation | (2,093) | (2,663) | |
Buildings (net) | 5,430 | 6,360 | |
Tools, furniture and fixtures | 17,718 | 21,748 | |
Accumulated depreciation | (11,035) | (15,685) | |
Tools, furniture and fixtures (net) | 6,682 | 6,062 | |
Total tangible fixed assets | 12,113 | 12,423 | |
Intangible assets | |||
Software | 10,808 | 16,834 | |
Software in progress | 138,990 | 295,730 | |
Other | - | 1,414 | |
Total intangible assets | 149,799 | 313,979 | |
Investments and other assets | |||
Investment securities | 2,806 | 22,389 | |
Leasehold and guarantee deposits | 1,339 | 7,655 | |
Deferred tax assets | 33,417 | 63,714 | |
Other | 10 | 10 | |
Total investments and other assets | 37,573 | 93,769 | |
Total fixed assets | 199,486 | 420,172 | |
Total assets | 894,691 | 1,822,938 |
5
Cacco Inc. (4166) Financial Results for FY2020 | ||||
(Unit: thousand yen) | ||||
Previous fiscal year | Current fiscal year | |||
(Dec. 31, 2019) | (Dec. 31, 2020) | |||
Liabilities | ||||
Current liabilities | ||||
accounts payable - trade | 17,388 | 14,355 | ||
Current portion of long-term borrowings | 19,607 | 189,177 | ||
Current portion of bonds | 30,000 | 30,000 | ||
Accounts payable - other | 74,294 | 88,316 | ||
Income taxes payable | 290 | 24,050 | ||
Accrued consumption tax, etc. | - | 13,037 | ||
Provision for bonuses | 6,652 | 11,763 | ||
Other | 8,972 | 12,782 | ||
Total current liabilities | 157,204 | 383,483 | ||
Non-current liabilities | ||||
Long-term borrowings | 138,221 | 216,009 | ||
corporate bond | 105,000 | 75,000 | ||
Total non-current liabilities | 243,221 | 291,009 | ||
Total liabilities | 400,425 | 674,492 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 100,000 | 362,499 | ||
Capital surplus | ||||
Legal capital surplus | 276,211 | 538,710 | ||
Total capital surplus | 276,211 | 538,710 | ||
Retained earnings | ||||
Other retained earnings | ||||
Retained earnings brought forward | 114,488 | 244,524 | ||
Total retained earnings | 114,488 | 244,524 | ||
Total shareholders' equity | 490,700 | 1,145,733 | ||
Valuation and translation adjustments | ||||
Valuation difference on available-for-sale | 265 | (588) | ||
securities | ||||
Total valuation and translation adjustments | 265 | (588) | ||
Share acquisition rights | 3,300 | 3,300 | ||
Total net assets | 494,266 | 1,148,445 | ||
Total liabilities and net assets | 894,691 | 1,822,938 |
6
Cacco Inc. (4166) Financial Results for FY2020
(2) Statement of Income
(Unit: thousand yen) | |||||
(From | Previous fiscal year | (From | Current fiscal year | ||
January 1, 2019 | January 1, 2020 | ||||
to | December 31, 2019) | to | December 31, 2020) | ||
Net sales | 745,680 | 831,354 | |||
Cost of sales | 248,576 | 243,573 | |||
Gross income | 497,103 | 587,781 | |||
Selling, general and administrative expenses | 398,066 | 449,660 | |||
Operating income | 99,036 | 138,120 | |||
Non-operating income | |||||
Interest and dividend income | 80 | 113 | |||
Commission income | 40 | 13 | |||
Interest on tax refund | 21 | 55 | |||
Total non-operating income | 142 | 183 | |||
Non-operating expenses | |||||
Interest expenses | 4,071 | 6,776 | |||
Foreign exchange losses | 590 | 605 | |||
Listing expenses | - | 15,423 | |||
Bond issuance costs | 3,013 | - | |||
Other | 4 | - | |||
Total non-operating expenses | 7,678 | 22,806 | |||
Ordinary income | 91,499 | 115,497 | |||
Extraordinary loss | |||||
Loss on retirement of non-current assets | 3,007 | - | |||
Total extraordinary loss | 3,007 | - | |||
Profit before taxes | 88,492 | 115,497 | |||
Income tax - current | 290 | 15,624 | |||
Income tax - refund | (3,050) | - | |||
Income tax - deferred | (23,235) | (30,162) | |||
Total income taxes | (25,996) | (14,537) | |||
Net Income | 114,488 | 130,035 | |||
7
Cacco Inc. (4166) Financial Results for FY2020 | ||||||||
Statement of Cost of Sales | ||||||||
Previous fiscal year | Current fiscal year | |||||||
(From January 1, 2019 to | (From January 1, 2020 to | |||||||
December 31, 2019) | December 31, 2020) | |||||||
Classifications | Annota | Amount | Composition | Amount | Composition | |||
tion# | (thousand yen) | (thousand yen) | ||||||
ratio | ratio | |||||||
(%) | (%) | |||||||
I Labor Costs | 55,959 | 22.3 | 60,580 | 25.1 | ||||
II Expenses | * | 194,895 | 77.7 | 180,848 | 74.9 | |||
Gross manufacturing costs | 250,855 | 100.0 | 241,429 | 100.0 | ||||
Total inventories in progress at the | 2,278 | |||||||
beginning of the year | ||||||||
Total | 250,855 | 243,708 | ||||||
Total inventories in progress at the | 2,278 | 135 | ||||||
end of the year | ||||||||
Cost of Sales for the year | 248,576 | 243,573 |
Cost accounting methods
The cost accounting method is based on individual cost accounting, and in principle, the actual amount incurred during the relevant cost accounting period is used for calculation.
*The main breakdown is as follows.
Items | Previous fiscal year | Current fiscal year | ||
(From January 1, 2019 to December | (From January 1, 2020 to | |||
31, 2019) | December 31, 2020) | |||
Outsourcing | processing | costs | 96,970 | 98,748 |
(thousand yen) | ||||
Server costs (thousand yen) | 54,657 | 39,500 | ||
Data costs (thousand yen) | 25,208 | 27,413 |
8
Cacco Inc. (4166) Financial Results for FY2020
(3) Statement of Changes in Equity
Previous fiscal year (Jan. 1, 2019 - Dec. 31, 2019)
(Unit: thousand yen)
Shareholders' equity | Valuation and translation | Share | Total net | ||||||||||||
adjustments | acquisiti | assets | |||||||||||||
on | |||||||||||||||
Share | Capital surplus | Retained earnings | Shareholde | Valuation | Total | ||||||||||
capital | rs' equity | difference on | valuation | rights | |||||||||||
available-for- | and | ||||||||||||||
Legal | Other capital | Total capital | Other | Total | sale | translation | |||||||||
capital | surplus | surplus | retained | retained | securities | adjustments | |||||||||
surplus | earnings | earnings | |||||||||||||
Retained | |||||||||||||||
earnings | |||||||||||||||
brought | |||||||||||||||
forward | |||||||||||||||
Balance | at | the | 372,651 | 370,151 | - | 370,151 | (366,591) | (366,591) | 376,211 | (523) | (523) | 3,300 | 378,987 | ||
beginning of FY | |||||||||||||||
Changes during the FY | |||||||||||||||
Net income | 114,488 | 114,488 | 114,488 | 114,488 | |||||||||||
Transfer | from | share | (272,651) | 272,651 | 272,651 | - | - | ||||||||
capital | to | capital | |||||||||||||
surplus | |||||||||||||||
Transfer | from | legal | (93,939) | 93,939 | - | - | - | ||||||||
capital | surplus | to | |||||||||||||
capital surplus | |||||||||||||||
Capital reduction | (366,591) | (366,591) | 366,591 | 366,591 | - | - | |||||||||
Net changes | in | items | |||||||||||||
other | than | 789 | 789 | - | 789 | ||||||||||
shareholders' equity | |||||||||||||||
Total changes during FY | (272,651) | (93,939) | - | (93,939) | 481,080 | 481,080 | 114,488 | 789 | 789 | - | 115,278 | ||||
Balance at the end of | |||||||||||||||
FY | 100,000 | 276,211 | - | 276,211 | 114,488 | 114,488 | 490,700 | 265 | 265 | 3,300 | 494,266 | ||||
Current fiscal year (Jan. 1, 2020 - Dec. 31, 2020)
(Unit: thousand yen)
Shareholders' equity | Valuation | and | Share | Total | net | |||||||||||
translation | acquisi | assets | ||||||||||||||
adjustments | tion | |||||||||||||||
rights | ||||||||||||||||
Share | Capital surplus | Retained earnings | Sharehold | Valuation | Total | |||||||||||
capital | ers' equity | difference | valuation | |||||||||||||
on | ||||||||||||||||
and | ||||||||||||||||
Legal | Other | Total | capital | Other | Total retained | available- | ||||||||||
translation | ||||||||||||||||
capital | capital | surplus | retained | earnings | for-sale | |||||||||||
adjustmen | ||||||||||||||||
surplus | surplus | earnings | securities | |||||||||||||
ts | ||||||||||||||||
Retained | ||||||||||||||||
brought forward | ||||||||||||||||
Balance | at | the | 100,000 | 276,211 | - | 276,211 | 114,488 | 114,488 | 490,700 | 265 | 265 | 3,300 | 494,266 | |||
beginning of FY | ||||||||||||||||
Changes during the FY | ||||||||||||||||
Issuance of new shares | 262,499 | 262,499 | 262,499 | 524,998 | 524,998 | |||||||||||
Net income | 130,035 | 130,035 | 130,035 | 130,035 | ||||||||||||
Net changes in | items | |||||||||||||||
other | than | (853) | (853) | - | (853) | |||||||||||
shareholders' equity | ||||||||||||||||
Net changes | 262,499 | 262,499 | - | 262,499 | 130,035 | 130,035 | 655,033 | (853) | (853) | - | 654,179 | |||||
Balance at the end of | ||||||||||||||||
FY | 362,499 | 538,710 | - | 538,710 | 244,524 | 244,524 | 1,145,733 | (588) | (588) | 3,300 | 1,148,445 | |||||
9
Cacco Inc. (4166) Financial Results for FY2020
(4) Statement of Cash Flows
(Unit: thousand yen) | |||||||
Previous fiscal year | Current fiscal year | ||||||
(From | January 1, 2019 | (From | January 1, 2020 | ||||
to | December 31, 2019) | to | December 31, 2020) | ||||
Cash flows from operating activities | |||||||
Profit before taxes | 88,492 | 115,497 | |||||
Depreciation and amortization | 7,960 | 9,283 | |||||
Increase (decrease) in provision of bonuses | 160 | 5,111 | |||||
Interest and dividends income | (80) | (113) | |||||
Interest expense | 4,071 | 6,776 | |||||
Bond issuance costs | 3,013 | - | |||||
Listing expenses | - | 15,423 | |||||
Loss on retirement of non-current assets | 3,007 | - | |||||
Decrease (increase) in trade receivables | (16,800) | (15,102) | |||||
Decrease (increase) in inventories | (2,278) | 2,143 | |||||
Decrease (increase) in consumption taxes refund | (5,640) | 5,667 | |||||
receivables | |||||||
Decrease (increase) in other current assets | (2,623) | (159) | |||||
Increase (decrease) in trade payables | (3,042) | (3,032) | |||||
Increase (decrease) in accrued expenses | 14,687 | 2,882 | |||||
Increase (decrease) in accrued consumption taxes | (9,377) | 13,037 | |||||
Increase (decrease) in other current liabilities | (2,863) | 12,253 | |||||
Other | (191) | 883 | |||||
Subtotal | 78,494 | 170,553 | |||||
Interest and dividends received | 80 | 113 | |||||
Interest paid | (3,943) | (6,676) | |||||
Income taxes refund | 1,645 | 3,055 | |||||
Income taxes refund (paid) | (2,729) | (290) | |||||
Net cash flows from operating activities | 73,548 | 166,755 | |||||
Cash flows from investing activities | |||||||
Purchase of investment securities | (480) | (20,526) | |||||
Purchase of property, plant and equipment | (7,960) | (4,678) | |||||
Purchase of intangible fixed assets | (103,780) | (166,021) | |||||
Payments for leasehold and guarantee deposits | - | (6,443) | |||||
Net cash provided by (used in) investing activities | (112,221) | (197,669) | |||||
Cash flows from financing activities | |||||||
Proceeds from long-term borrowings | - | 300,000 | |||||
Repayments of long-term borrowings | (21,162) | (52,642) | |||||
Proceeds from issuance of bonds | 146,986 | - | |||||
Redemption of bonds | (15,000) | (30,000) | |||||
Proceeds from issuance of shares | - | 524,998 | |||||
Expenditure on listing expenses | - | (8,275) | |||||
Net cash flows from financing activities | 110,824 | 734,080 | |||||
Net increase (decrease) in cash and cash equivalents | 72,151 | 703,166 | |||||
Cash and cash equivalents at beginning of period | 517,860 | 590,011 | |||||
Cash and cash equivalents at end of period | 590,011 | 1,293,177 |
10
Cacco Inc. (4166) Financial Results for FY2020
- Notes to the Financial Statements (Notes on Going Concern Assumption) Not applicable.
(Equity in earnings of affiliates, etc.) Not applicable.
(Segment Information, etc.)
This information is omitted because we have only a single segment of SaaS-type algorithm provision business.
(Per share information)
Previous fiscal year | Current fiscal year | |
(From January 1, 2019 to December | (From January 1, 2020 to December | |
31, 2019) | 31, 2020) | |
Net asset per share | 210.08 yen | 437.15 yen |
Earnings per share | 48.99 yen | 55.37 yen |
Earnings per share (diluted) | - | 49.97 yen |
(Note) 1. Diluted earnings per share for the previous fiscal year is not shown because our shares are unlisted and the average share price during the period cannot be determined, although there are residual shares.
- On September 9, 2020, we conducted a 3-for-1 stock split of its common stock. Net assets per share, earnings per share and diluted earnings per share are calculated on the assumption that the said stock split was conducted at the beginning of the previous fiscal year.
- Since our shares were listed on the Mothers market of the Tokyo Stock Exchange on December 17, 2020, the diluted earnings per share for the current fiscal year is calculated by deeming the average share price from the date of initial listing to the end of the current fiscal year as the average share price during the period.
- The basis for calculating earnings per share and diluted earnings per share is as follows.
Previous fiscal year | Current fiscal year | |
(From January 1, 2019 to December 31, | (From January 1, 2020 to December 31, | |
2019) | 2020) | |
Earnings per share | ||
Net income (thousand yen) | 114,488 | 130,035 |
Amount not attributable to common | - | - |
shareholders (thousand yen) | ||
Net income related to common stock | 114,488 | 130,035 |
(thousand yen) | ||
Average number of shares of common | 2,337,081 | 2,348,611 |
stock during the period (shares) | ||
Earnings per share (diluted) | ||
Adjustment of net income (thousand yen) | - | - |
Increase in number of common stocks | - | 253,585 |
(shares) | ||
(Of which, share acquisition rights | - | 253,585 |
(shares)) | ||
As there is no dilutive effect, diluted | Seven types of share acquisition rights | |
earnings per share is not shown. | (number of share acquisition rights: | |
Outline of latent shares not included in | 95,988). (Note) 5. | |
the calculation of earnings per share |
5. The number of share acquisition rights is the number after subtracting those that have forfeited their rights due to retirement or other reasons.
(Significant subsequent events) Not applicable.
11
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Cacco Inc. published this content on 05 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 April 2021 06:03:06 UTC.