TAC : Financial Results Briefing for FY2022 1st Quarter

Financial Results Briefing for FY2022 1st Quarter

August 9, 2022

TAC Co.,Ltd.(code No.4319）

Ⅰ．Summary of Financial Results

Financial Highlights (comparative)

（Yen in millions）

		FY2021 1st quarter		FY2022 1st quarter
		Amount	%	Y-O-Y	Amount	%	Difference	Y-O-Y
Net sales on a cash basis	5,049	88.0%	121.9%	4,739	85.0%	-309	93.9%
(before adjustment of tuition advances)
Adjustment of tuition advances	687	12.0%	71.4%	836	15.0%	149	121.7%
Net sales on an accrual basis	5,736	100.0%	112.4%	5,575	100.0%	-160	97.2%
(after adjustment of tuition advances)
Costs of sales	3,261	56.8%	111.7%	3,144	56.4%	-116	96.4%
	Rent	651	11.4%	96.2%	583	10.5%	-67	89.6%
	Employment costs	834	14.6%	114.1%	871	15.6%	36	104.4%
	Subcontract costs	711	12.4%	119.2%	635	11.4%	-76	89.3%
Gross profit	2,475	43.2%	109.3%	2,431	43.6%	-44	98.2%
Selling, general and administrative expenses	1,852	32.3%	105.7%	1,881	33.7%	28	101.5%
	Rent	163	2.9%	105.5%	155	2.8%	-7	95.2%
	Employment costs	938	16.4%	100.0%	970	17.4%	32	103.4%
	Advertising costs	212	3.7%	114.5%	232	4.2%	19	109.3%
Operating profit	622	10.9%	121.4%	549	9.9%	-72	88.3%
Ordinary profit	628	11.0%	122.5%	534	9.6%	-94	85.0%
Profit attributable to owners of parent	432	7.5%	123.6%	351	6.3%	-81	81.2%
Net income per share		23.38 Yen			18.98 Yen

3

Net Sales and Major Operating Expenses

（Yen in millions）

			FY2018	FY2019	FY2020	FY2021	FY2022
			1st quarter	1st quarter	1st quarter	1st quarter	1st quarter
	（Net sales ）
	Net sales (cash basis)	4,947	4,955	4,142	5,049	4,739
	Net sales (accrual basis)	5,607	5,547	5,105	5,736	5,575
	（Operating expenses）	※Major expenses included in Cost of sales and SGA
	Costs of	Rent	723	730	676	651	583
	Employment costs	934	879	731	834	871
	sales
		Subcontract costs	610	569	597	711	635
	SG & A	Rent	171	178	155	163	155
	Employment costs	1,016	952	938	938	970
	expenses
		Advertising costs	237	212	185	212	232

4

Number of Students

100,000								（unit : person）
					Individual members		Corporate members

90,000	79,933
80,000	77,123		76,036	71,589
70,000			65,428
28,918	28,727
	31,049
60,000
		29,427
50,000			29,055
40,000
30,000	51,015	48,396
20,000		44,987	42,162
		36,373
10,000
0
Change	2018/6	2019/6	2020/6	2021/6	2022/6
101.2%	96.5%	84.8%	116.2%	94.2%
Individual	99.2%	94.9%	75.2%	123.7%	93.7%
Corporate	104.8%	99.3%	101.1%	106.9%	94.8%

% of individual	63.8%	62.8%	55.6%	59.2%	58.9%
members					5