Infocom : Summary of Consolidated Financial Results for the 3rd Quarter of the Fiscal Year Ending March 31, 2022

Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

Summary of Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2022 [Japanese GAAP]

										January 27, 2022
Company name: INFOCOM CORPORATION
Stock exchange listing: Tokyo
Code number: 4348
URL: https://www.infocom.co.jp/
Representative: Norihiro Takehara			President and CEO
Contact: Shinya Tanaka				Head of Corporate Communications Office
Phone: [phone]
Scheduled date of filing quarterly securities report: February 10, 2022
Scheduled date of commencing dividend payments: -
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: No
						(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2021 (April 01, 2021 to December 31, 2021)
(1) Consolidated Operating Results			(% indicates changes from the previous corresponding period.)
		Net sales		Operating profit		Ordinary profit	Profit attributable to
				owners of parent
Nine months ended		Million yen		%	Million yen	%		Million yen	%	Million yen		%
December 31, 2021		47,481		(2.9)	7,073	(0.5)		7,176	(0.5)	4,884		(0.8)
December 31, 2020		48,914		18.7	7,110	22.0		7,213	23.5	4,925		23.9

(Note) Comprehensive income:	Nine months ended December 31, 2021:
	Nine months ended December 31, 2020:

¥	3,926 million	[	(37.5) %]
¥	6,282 million	[	64.1%]

	Basic earnings		Diluted earnings per
	per share		share
Nine months ended		Yen	Yen
December 31, 2021		89.17	88.78
December 31, 2020		89.96	89.56

(2) Consolidated Financial Position

		Total assets	Net assets	Capital adequacy ratio
As of		Million yen		Million yen	%
December 31, 2021		54,719		42,810	77.7
March 31, 2021		56,435		41,839	73.5
(Reference) Equity:	As of December 31, 2021:	¥	42,511 million
	As of March 31, 2021:	¥	41,503 million

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2. Dividends

				Annual dividends
	1st	2nd	3rd		Year-end	Total
	quarter-end	quarter-end	quarter-end
	Yen		Yen	Yen		Yen	Yen
Fiscal year ended March 31, 2021	-		10.00	-		27.00	37.00
Fiscal year ending March 31, 2022	-		13.00	-
Fiscal year ending March 31, 2022						37.00	50.00
(Forecast)
(Note) Revision to the forecast for dividends announced most recently:	Yes

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022(April 01, 2021 to March 31, 2022)

(% indicates changes from the previous corresponding period.)

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Basic earnings
		owners of parent	per share
	Million yen		%	Million yen	%	Million yen	%	Million yen	%	Yen
Full year	66,000		(3.0)	10,500	(2.9)	10,500	(4.0)	7,000	11.5	127.80
(Note) Revision to the financial results forecast announced most recently:	Yes

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* Notes:
(1) Changes in significant subsidiaries during the nine months ended December 31, 2021
(changes in specified subsidiaries resulting in changes in scope of consolidation):	No
New	-	(Company name:		)
Exclusion:	-	(Company name:		)
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:	No

1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
2. 1. Changes in accounting policies due to the revision of accounting standards: Yes
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
3. Total number of issued shares (common shares)
4. 1. Total number of issued shares at the end of the period (including treasury shares):

December 31, 2021:	57,600,000	shares
March 31, 2021:	57,600,000	shares
2) Total number of treasury shares at the end of the period:
December 31, 2021:	2,823,967	shares
March 31, 2021:	2,829,423	shares

3) Average number of shares during the period:
Nine months ended December 31, 2021:	54,773,047	shares
Nine months ended December 31, 2020:	54,756,257	shares

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Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

					(Million yen)
				As of March 31,2021	As of December 31,2021
Assets
	Current assets
		Cash and deposits		29,956	29,945
		Notes and accounts receivable - trade	12,502	-
		Notes and accounts receivable - trade, and contract		-	9,507
		assets
		Inventories	167	306
		Other		1,345	2,210
		Allowance for doubtful accounts	(7)	(5)
		Total current assets		43,964	41,965
	Non-current assets
		Property, plant and equipment		1,054	1,346
		Intangible assets
		Software		1,592	1,746
		Goodwill	-	715
		Other		47	34
		Total intangible assets	1,639	2,496
		Investments and other assets
		Investments and other assets	9,974	9,125
		Allowance for doubtful accounts		(198)	(214)
		Total investments and other assets		9,776	8,911
		Total non-current assets		12,471	12,754
	Total assets	56,435	54,719
Liabilities
	Current liabilities
		Accounts payable - trade		4,975	4,145
		Income taxes payable	2,729	553
		Provision for bonuses		1,402	527
		Other provisions	-	23
		Other		5,133	6,170
		Total current liabilities	14,241	11,419
	Non-current liabilities
		Retirement benefit liability	16	44
		Other provisions		-	52
		Other	338	390
		Total non-current liabilities		355	488
	Total liabilities	14,596	11,908
Net assets
	Shareholders' equity
		Share capital		1,590	1,590
		Capital surplus	1,556	1,560
		Retained earnings		37,479	39,373
		Treasury shares	(795)	(794)
		Total shareholders' equity		39,829	41,729
	Accumulated other comprehensive income
		Valuation difference on available-for-sale		1,827	847
		securities
		Foreign currency translation adjustment	(153)	(65)

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		(Million yen)
	As of March 31,2021	As of December 31,2021
Total accumulated other comprehensive income	1,673	782
Share acquisition rights	228	224
Non-controlling interests	107	74
Total net assets	41,839	42,810
Total liabilities and net assets	56,435	54,719

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