[Delayed]Summary of Consolidated Financial Results for the Six Months Ended September 30, 2021(Based on Japanese GAAP)

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 Six Months Ended September 30, 2021 (Based on Japanese GAAP)

				November 10, 2021
Company name:	Riskmonster.com
Stock exchange listing:	Tokyo
Stock code:	3768	URL https://www.riskmonster.co.jp
Representative:	President,CEO	Taichi Fujimoto
Inquiries:	General Manager,Finance and Accounting	Maki Yoshida	TEL [phone]
Division
Scheduled date to file Quarterly Securities Report:	November 11, 2021
Scheduled date to commence dividend payments:	-
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 six months ended September 30, 2021 (from April 1, 2021 to September 30, 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	%
Six months ended September 30, 2021	1,784		0.9		353		(19.4)		376		(15.2)		244	(17.4)
Six months ended September 30, 2020	1,768		11.6		438		50.2		444		37.3		295	42.1
	Earnings per share		Diluted earnings per share
				Yen						Yen
Six months ended September 30, 2021			32.70						-
Six months ended September 30, 2020			39.81						-
(2) Consolidated financial position
	Total assets			Net assets		Equity ratio			Net assets per share
	Millions of yen			Millions of yen					%			Yen
As of September 30, 2021			6,837						5,609				80.5			734.03
As of March 31, 2021			6,658						5,400				79.6			710.75
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 March 31, 2021			-		0.00				-				28.00		28.00
Year ending March 31, 2022			-		0.00
Year ending March 31, 2022 (Forecast)											-				14.50		14.50

3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 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	3,550	0.0	655		0.0	675		0.3	430		0.5	57.46

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4. Notes

1. Changes in significant subsidiaries during the six months ended September 30, 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:	Yes
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 September 30, 2021	7,546,922	shares	As of March 31, 2021	7,546,922	shares
Number of treasury shares at the end of the period
	As of September 30, 2021	50,368	shares	As of March 31, 2021	90,368	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Six months ended September 30, 2021	7,471,199	shares	Six months ended September 30, 2020	7,428,846	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

			(Thousands of yen)
		As of March 31, 2021	As of September 30, 2021
Assets
Current assets
Cash and deposits	2,544,953	2,337,496
Notes and accounts receivable - trade	463,561	-
Notes and accounts receivable - trade, and contract assets	-	573,619
Raw materials and supplies	16,668	13,744
Other	58,634	84,533
Allowance for doubtful accounts	(739)	(753)
Total current assets	3,083,079	3,008,641
Non-current assets
Property, plant and equipment
Buildings and structures	567,591	584,849
Accumulated depreciation	(133,956)	(152,152)
Buildings and structures, net	433,634	432,696
Tools, furniture and fixtures	383,306	376,073
Accumulated depreciation	(287,320)	(289,992)
Tools, furniture and fixtures, net	95,985	86,080
Land	568,352	568,352
Leased assets	4,713	4,713
Accumulated depreciation	(1,243)	(1,636)
Leased assets, net	3,469	3,077
Total property, plant and equipment	1,101,442	1,090,207
Intangible assets
Goodwill	-	55,132
Software	738,381	783,536
Other	110,895	214,192
Total intangible assets	849,277	1,052,861
Investments and other assets
Investment securities	1,545,086	1,582,948
Other	79,661	103,292
Allowance for doubtful accounts	(140)	(333)
Total investments and other assets	1,624,607	1,685,906
Total non-current assets	3,575,328	3,828,975
Total assets		6,658,407	6,837,616

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			(Thousands of yen)
		As of March 31, 2021	As of September 30, 2021
Liabilities
Current liabilities
Accounts payable - other	398,166	325,707
Short-term borrowings	-	40,000
Current portion of long-term borrowings	60,160	74,490
Income taxes payable	197,236	84,437
Provision for bonuses	716	690
Other	163,675	151,495
Total current liabilities	819,955	676,820
Non-current liabilities
Long-term borrowings	155,480	182,346
Retirement benefit liability	2,940	26,566
Other provisions	14,492	14,669
Other	265,372	327,216
Total non-current liabilities	438,285	550,797
Total liabilities	1,258,240	1,227,618
Net assets
Shareholders' equity
Share capital	1,155,993	1,155,993
Capital surplus	785,621	795,821
Retained earnings	2,653,063	2,793,014
Treasury shares	(63,264)	(35,224)
Total shareholders' equity	4,531,414	4,709,605
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	753,795	777,692
Foreign currency translation adjustment	14,533	15,394
Total accumulated other comprehensive income	768,329	793,087
Non-controlling interests	100,423	107,305
Total net assets	5,400,167	5,609,997
Total liabilities and net assets		6,658,407	6,837,616

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

Consolidated statements of income (cumulative)

			(Thousands of yen)
		Six months ended	Six months ended
		September 30, 2020	September 30, 2021
Net sales	1,768,802	1,784,143
Cost of sales	732,719	794,353
Gross profit	1,036,083	989,789
Selling, general and administrative expenses	597,383	636,116
Operating profit	438,699	353,673
Non-operating income
Interest income	395	485
Dividend income	5,436	11,500
Gain on investments in investment partnerships	2,409	19,277
Other	668	506
Total non-operating income	8,910	31,769
Non-operating expenses
Interest expenses	1,435	1,120
Commitment fees	777	1,469
Commission expenses	-	5,000
Foreign exchange losses	914	899
Total non-operating expenses	3,127	8,489
Ordinary profit	444,483	376,953
Extraordinary losses
Loss on retirement of non-current assets	13,284	167
Total extraordinary losses	13,284	167
Profit before income taxes	431,198	376,786
Income taxes - current	127,118	65,726
Income taxes - deferred	2,031	60,153
Total income taxes	129,149	125,879
Profit	302,048	250,906
Profit attributable to non-controlling interests	6,278	6,563
Profit attributable to owners of parent		295,770	244,342

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