E Seikatsu : Consolidated Financial Results for the Nine Months Ended December 31,2022(Japanese GAAP) (255KB)

Note: This document has been translated from Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

February 9,2023

(Delayed)Consolidated Financial Results

for the Nine Months Ended December 31, 2022

(Japanese GAAP)

Company name:	e-Seikatsu Co., Ltd.	Listing:	Standard, Tokyo Stock Exchange
Securities code:	3796	URL:	https://www.e-seikatsu.info/
Representative:	President and CEO	Zenichi Maeno
Inquiries:	Executive Vice President and CFO	Hiroyuki Shiokawa
TEL:	[phone]

Scheduled date of file quarterly securities report:	February 13, 2023
Scheduled date to commence dividend payment:	-
Preparation of supplementary materials on quarterly financial results:	Yes
Holding of financial results briefing:	Yes	For institutional investors and analysts

(Yen amounts are rounded down to the nearest millions)

1.Consolidated financial results for the Nine months ended December 31, 2022 (April 1, 2022 to December 31, 2022)

(1) Consolidated Operating Results (cumulative)

(Percentage indicate year-on-year changes.)

	Net sales		EBITDA		Operating profit	Ordinary profit	Profit attributable
			to owners of parent
Nine months ended	Millions	%	Millions	%	Millions	%	Millions	%	Millions	%
of yen	of yen	of yen	of yen	of yen
December 31, 2022	1,972	10.1	480	14.9	148	60.2	148	58.8	93	66.4

December 30, 2021

1,791

9.5

418

9.5

92

80.7

93

81.4

55

94.4

Note: Comprehensive Income	For the Nine months ended December 31, 2022	93Millions of yen	(66.4%)
	For the Nine months ended December 31, 2021	55Millions of yen	(94.4%)

Note: EBITDA (operating profit+ depreciation expenses) is disclosed as a useful comparative indicator for our group's performance.

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	Basic earnings per share	Diluted earnings per share
Nine months ended	Yen	Yen
December 31, 2022	13.49	-
December 31, 2021	8.11	-

(2) Consolidated Financial Position

	Total assets	Net Assets	Equity-to-asset ratio	Net Assets per Share
	Millions of yen	Millions of yen	%	Yen
As of December 31, 2022	2,218	1,770	79.8	256.48
As of March 31, 2022	2,187	1,711	78.2	247.99

Reference: Equity	As of December 31, 2022	1,770	Millions of yen
	As of March 31, 2022	1,711	Millions of yen

2.Cash dividends

			Dividend per share
	First	Second	Third		Fiscal year-end	Total
	quarter-end	quarter-end	quarter-end
	Yen	Yen	Yen		Yen	Yen
Fiscal Year Ended March 31, 2022	-	0.00	-		5.00	5.00
Fiscal Year Ended March 31, 2023	-	0.00
Forecast for Fiscal Year Ended March 31, 2023			-		5.00	5.00

Note: Revisions to the forecast of cash dividends most recently announced: None.

3.Consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)

(Percentage indicate year-on-year changes.)

									Profit attributable to	Basic earnings per
	Net sales		Operating profit	Ordinary profit		share attributable to
			owners of parent
									owners of the parent
	Millions of		%	Millions of	%	Millions of		%	Millions of	%	Yen
	yen			yen		yen			yen
Full year	2,653		9.0	180	8.9	180		8.5	112	4.9	16.25

Note: Revisions to the consolidated earnings forecasts most recently announced: None.

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Notes

1. Changes in significant subsidiaries during the cumulative period of the current quarter (changes in specified subsidiaries due to changes in the scope of consolidation): None
2. Application of accounting treatment specific to preparation of quarterly consolidated financial statements: None
3. Changes in accounting policies, changes in accounting estimates, and restatements of accounting estimates.
4. 1. Changes in accounting policies due to changes in accounting standards, etc.: Yes
   2. Changes in accounting policies other than 1) above: None
   3. Changes in accounting estimates: None
   4. Modification and reappearance: None
      (Note) For details, please refer to Appendix P.14 "2. Quarterly Consolidated Financial Statements and Major Notes (4) Notes to Quarterly Consolidated Financial Statements (Changes in Accounting Policies)."

(3) Number of Shares Issued (Common shares)

1. Number of shares outstanding at the end of the fiscal year (including treasury shares)
2. Number of treasury stock at end of period
3. Average number of shares outstanding during the period

As of December	7,280,700	Shares	As of March	7,280,700	Shares
31,2022			31,2022
As of December	379,299	Shares	As of March	379,299	Shares
31,2022			31,2022
Nine months			Nine months
ended	6,901,401	Shares	ended	6,901,401	Shares
December			December
31,2022			31,2021

*Quarterly Financial Results are not subject to Quarterly Review by Certified Public Accountants or Auditing Corporations.

*Explanation of appropriate use of earnings forecasts and other special notes

Supplementary materials on quarterly financial results will be disclosed by TDnet on February 9, 2023, and will be posted on our website on the same day

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Table of Contents of Attachments

1. Qualitative Information on Current Quarterly Financial Results
2. 1. Earnings
   2. Financial position
   3. Outlook
3. Quarterly Consolidated Financial Statements and Major Notes
4. 1. Quarterly Consolidated Balance Sheets
   2. Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income
      Quarterly Consolidated statements of income Consolidated Year-to-Date
      Quarterly Consolidated Statement of Comprehensive Income Consolidated Year-to-Date
   3. Quarterly Consolidated Statement of Cash Flows
   4. Notes to Quarterly Consolidated Financial Statements

Notes on Assumptions of Continuing Enterprises

Notes in Cases of Significant Changes in the Amount of Shareholders' Equity Changes in Significant Subsidiaries during the Year to Date of Consolidation Application of Accounting Procedures Specific to Preparation of Quarterly Consolidated Financial Statements

Change in Accounting Policy

5

5

7

8

9

9

11

11

12

13

14

14

14

14

14

14

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1. Qualitative Information on Current Quarterly Financial Results

1. Earnings

In the cumulative business results for the Third quarter (April 1, 2022 to December 31, 2022), Net Sales was 1,972,819 thousand yen (a 10.1% increase in YOY), EBITDA was 480,637 thousand yen (a 14.9% increase in YOY), Operating profit was 148,204 thousand yen (a 60.2% increase in YOY), ordinary profit was 148,286 thousand yen (a 58.8% increase in YOY), and the profit attributable to owners of parent was 93,128 thousand yen (a 66.4% increase in YOY).

	Nine months ended	Nine months ended	Year-on-year change
	December 31, 2021	December 31, 2022
Summary of Consolidated Results
		Difference	Rate of
	(thousand yen)	(thousand yen)	(thousand	change
			yen)	（％）
Net sales	1,791,217	1,972,819	181,601	10.1
EBITDA	418,169	480,637	62,467	14.9
Operating profit	92,498	148,204	55,705	60.2
Ordinary profit	93,352	148,286	54,934	58.8
Profit attributable to owners of parent	55,973	93,128	37,154	66.4

With the aim of realizing our mission of "Create many 'good life' for others with technology and heart.", we have established a vision of "Create society where comfortable life circulates.". Based on this vision, we develop systems and applications to resolve various issues in the real estate business and the real estate market, and offer these systems as SaaS, a subscription-based service. Through this, we are developing businesses that support digital transformation (DX) in the real estate business.

As announced on October 24, 2022, we have decided to redefine our mission, vision and values, and revise its corporate logo, service names, and service logos. In light of recent business conditions, we have set our new mission and our vision. Based on this philosophy, we are promoting brand renewal for the entire service in order to create an integrated customer experience value. Under the new brand, we will continue to develop its business aiming for DX of the real estate industry and the real estate market.

For the third quarter of fiscal 2023 ended December 31, 2022, sales were 1,972,819 thousand yen (up 10.1% year-over-year), an increase of 181,601 thousand yen from the same period last year. This is because acquisition of new customers and up-selling/cross-selling to existing customers performed well.

The number of subscription customers reached 1,492 as of the end of the third quarter (1,477 in the same period of the previous year), and the ARPU (*1) in December was approximately 125,400 yen (116,900 yen in the same period of the previous year).

• "the average revenue per user" Current month subscription sales is divided by the number of subscription customers for the current month, and the figures are rounded down to the nearest 100 yen.

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