Casa : Summary of Consolidated Financial Results for the Nine Months Ended October 31, 2021

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 Nine Months Ended October 31, 2021
		(Based on Japanese GAAP)
				December 7, 2021
Company name:	Casa Inc.
Stock exchange listing:	Tokyo
Stock code:	7196	URL https://www.casa-inc.co.jp
Representative:	President		Seigo Miyaji
Inquiries:	Director, Administration Department	Yusuke Takasugi	TEL [phone]
Scheduled date to file Quarterly Securities Report:	December 7, 2021
Preparation of supplementary material on quarterly financial results:	Yes
Holding of quarterly financial results meeting:	No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the nine months ended October 31, 2021 (from February 1, 2021 to October 31, 2021)

(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		%
Nine months ended October 31, 2021	7,837		3.0		989		20.7		1,064		23.4		645		14.8
Nine months ended October 31, 2020	7,609		8.3		819		(31.6)		862		(29.9)		562		(28.2)
	Earnings per share		Diluted earnings per share
			Yen						Yen
Nine months ended October 31, 2021			64.72						61.39
Nine months ended October 31, 2020			55.56						52.32
(2) Consolidated financial position
	Total assets				Net assets		Equity ratio
	Millions of yen			Millions of yen					%
As of October 31, 2021		13,347						7,040				52.7
As of January 31, 2021		13,416						6,811				50.8
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 January 31, 2021		-			0.00				-				30.00			30.00
Year ending January 31, 2022		-			0.00				-
Year ending January 31, 2022 (Forecast)														30.00			30.00

3. Forecast of consolidated financial results for the year ending January 31, 2022 (from February 1, 2021 to January 31, 2022)

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	10,379	1.5	1,038		0.6	1,117		2.5	658		7.8	66.12

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4. Notes

1. Changes in significant subsidiaries during the nine months ended October 31, 2021 (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:	No
Changes in accounting policies due to other reasons:	No
Changes in accounting estimates:	No
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 October 31, 2021	11,082,700	shares	As of January 31, 2021	11,082,700	shares
Number of treasury shares at the end of the period
	As of October 31, 2021	1,152,746	shares	As of January 31, 2021	947,446	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Nine months ended October 31, 2021	9,977,519	shares	Nine months ended October 31, 2020	10,119,430	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

			(Thousands of yen)
		As of January 31, 2021	As of October 31, 2021
Assets
Current assets
Cash and deposits	3,177,530	2,396,173
Accounts receivable - trade	1,261,254	1,257,423
Right to reimbursement	3,927,971	3,960,937
Accounts receivable - other	778,862	750,537
Other	177,209	193,179
Allowance for doubtful accounts	(2,495,385)	(2,611,495)
Total current assets	6,827,443	5,946,755
Non-current assets
Property, plant and equipment	60,554	58,519
Intangible assets
Goodwill	3,317,412	3,251,651
Other	536,272	751,870
Total intangible assets	3,853,685	4,003,521
Investments and other assets
Deferred tax assets	2,381,882	2,458,462
Other	293,233	880,487
Total investments and other assets	2,675,116	3,338,950
Total non-current assets	6,589,356	7,400,992
Total assets	13,416,799	13,347,747
Liabilities
Current liabilities
Current portion of long-term borrowings	-	12,000
Income taxes payable	466,439	107,422
Advances received	4,751,644	4,671,744
Provision for bonuses	126,605	195,142
Provision for loss on guarantees	135,396	138,584
Other	1,121,173	1,131,523
Total current liabilities	6,601,257	6,256,417
Non-current liabilities
Long-term borrowings	-	48,000
Other	3,811	2,668
Total non-current liabilities
3,811	50,668
Total liabilities
6,605,069	6,307,085
Net assets
Shareholders' equity
Share capital	1,567,053	1,567,053
Capital surplus	1,567,053	1,567,053
Retained earnings	4,857,376	5,199,062
Treasury shares	(1,150,415)	(1,350,347)
Total shareholders' equity
6,841,068	6,982,821
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	(32,017)	55,160
Total accumulated other comprehensive income
(32,017)	55,160
Share acquisition rights	2,679	2,679
Total net assets	6,811,730	7,040,662
Total liabilities and net assets		13,416,799	13,347,747

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

Consolidated statements of income (cumulative)

			(Thousands of yen)
		Nine months ended	Nine months ended
		October 31, 2020	October 31, 2021
Net sales	7,609,880	7,837,963
Cost of sales	2,965,316	3,105,372
Gross profit	4,644,563	4,732,590
Selling, general and administrative expenses	3,825,049	3,743,214
Operating profit	819,514	989,376
Non-operating income
Interest income	38	116
Dividend income	402	3,426
Recoveries of written off receivables	33,329	57,391
Subsidy income	6,617	3,300
Insurance claim income	-	10,000
Other	4,482	7,819
Total non-operating income	44,870	82,053
Non-operating expenses
Commission expenses	2,049	2,369
Special survey costs	-	4,512
Total non-operating expenses	2,049	6,882
Ordinary profit	862,336	1,064,547
Extraordinary income
Gain on sales of investment securities	50,040	-
Other	243	-
Total extraordinary income	50,283	-
Extraordinary losses
Impairment loss	-	31,312
Total extraordinary losses	-	31,312
Profit before income taxes	912,620	1,033,235
Income taxes - current	679,413	453,537
Income taxes - deferred	(329,077)	(66,046)
Total income taxes	350,335	387,491
Profit	562,284	645,743
Profit attributable to owners of parent		562,284	645,743

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Consolidated statements of comprehensive income (cumulative)

		(Thousands of yen)
	Nine months ended	Nine months ended
	October 31, 2020	October 31, 2021
Profit	562,284	645,743
Other comprehensive income
Valuation difference on available-for-sale securities	(26,775)	87,178
Total other comprehensive income	(26,775)	87,178
Comprehensive income	535,508	732,922
Comprehensive income attributable to
Comprehensive income attributable to owners of parent	535,508	732,922

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