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
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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: 03-6866-3160
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.)
Profit attributable toNet salesOperating profit
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%
Nine months ended
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: ¥3,926 million [(37.5) %]Nine months ended December 31, 2020: ¥6,282 million [64.1%]
Basic earnings
per share
Nine months ended
December 31, 2021
December 31, 2020

Diluted earnings pershare
Yen

Yen

89.17
89.96

88.78
89.56

(2) Consolidated Financial Position
Total assets
Million yen
As ofDecember 31, 2021
54,719March 31, 2021
56,435(Reference) Equity: As of December 31, 2021:
As of March 31, 2021:

Net assets

Capital adequacy ratio

Million yen¥¥

1

42,81041,83942,511 million
41,503 million

%

77.7
73.5

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2021-10.00-27.0037.00Fiscal year ending March 31, 2022

-13.00

37.00

50.00

Year-end

Fiscal year ending March 31, 2022
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

TotalYes

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.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share%

Million yen%

Million yen%

Yen

Full year
66,000(3.0)
10,500(2.9)(Note) Revision to the financial results forecast announced most recently:

Million yen%

Million yen

10,500
Yes

(4.0)

7,000

11.5

127.802

* 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(Company name:
NewExclusion:(Company name:(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
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: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
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 shares2) 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:
Nine months ended December 31, 2020:

54,773,047 shares
54,756,257 shares3))
NoQuarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Million yen)
As of March 31,2021

As of December 31,2021

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Notes and accounts receivable - trade, and contract
assetsInventories

29,956
12,502

29,945--9,507

167306

Other
Allowance for doubtful accounts

1,345(7)2,210(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
Other

47

715
34

1,639

2,496

Investments and other assets
Allowance for doubtful accounts

9,974
(198)

9,125
(214)

Total investments and other assets

9,776

8,911

12,471

12,75456,43554,719Current liabilities
Accounts payable - trade

4,975

4,145

Income taxes payable
Provision for bonuses

2,729
1,402

553
527

Other provisions
Other

5,133

23
6,170

Total current liabilities

14,241

11,419Retirement benefit liability
Other provisions

16-4452

Other338

390

Total intangible assets
Investments and other assets

Total non-current assets
Total assets
Liabilities

Non-current liabilities

Total non-current liabilities

355

488

14,596

11,908

Share capital
Capital surplus

1,590
1,556

1,590
1,560

Retained earnings
Treasury shares

37,479(795)

39,373(794)

Total shareholders' equity

39,82941,729

1,827

847

(153)

(65)

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment

4

(Million yen)
As of March 31,2021
Total accumulated other comprehensive income

As of December 31,2021

1,673

782

Share acquisition rights

228

224

Non-controlling interests

107

74

41,83942,81056,43554,719Total net assets
Total liabilities and net assets5Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)(Million yen)
For the nine months
ended December 31,2020

For the nine months
ended December 31,2021

Net sales
Cost of sales

48,914
24,959Gross profit

23,95522,911

Selling, general and administrative expenses

16,844

15,838Operating profit

7,110

7,073

10190

711

Non-operating income
Interest and dividend income
Share of profit of entities accounted for using equity
methodForeign exchange gains

47,481
24,5700-Partnership gain
Other

1833

Total non-operating income

127

109

00

232--

300

Non-operating expenses
Interest expenses
Foreign exchange losses
Partnership loss
Loss on extinguishment share-based compensation
expenses
Other
Total non-operating expenses

2467,213

7,176

Gain on sale of non-current assets-0

Total extraordinary income-0

Loss on retirement of non-current assets
Loss on valuation of investment securities

121044

Loss on sale of shares of subsidiaries and associates
Bad debts written off

146-

Other0-Ordinary profit
Extraordinary income

Extraordinary losses

5101

Profit before income taxes

Total extraordinary losses

7,208

7,075

Income taxes

2,324

2,258

Profit

4,883

4,817

Loss attributable to non-controlling interests
Profit attributable to owners of parent6(42)

(66)

4,925

4,884

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)(Million yen)
For the nine months
ended December 31,2020
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment

For the nine months
ended December 31,2021

4,883

4,817

1,488
(0)

(979)
-(89)

88

1,398(891)

Comprehensive income

6,282

3,926

Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

6,331

3,992(49)(66)

Total other comprehensive income

7Quarterly Consolidated Statements of Cash Flows(Million yen)
For the nine months
ended December 31,2020

For the nine months
ended December 31,2021

Cash flows from operating activities
Profit before income taxes

7,208

7,075

Depreciation
Share-based payment expenses

761
68

1,059
27

Amortization of goodwill
Increase (decrease) in provisions

153(975)(875)

Interest and dividend income
Interest expenses

(101)
0(90)
0244-46

2,247

3,168(166)(154)

64289(801)
(510)

9,552

8,988

103(0)

93(0)Income taxes paid

(2,365)(4,639)Net cash provided by (used in) operating activities

7,289

4,442

Purchase of property, plant and equipment
Purchase of intangible assets

(107)
(527)

(702)
(679)

Purchase of investment securities
Proceeds from sale of shares of subsidiaries andassociates
Purchase of shares of subsidiaries resulting in change
in scope of consolidation
Other, net

(179)

(430)

-150-

(603)

173

Net cash provided by (used in) investing activities(797)(2,263)

Loss (gain) on valuation of investment securities
Loss (gain) on sale of shares of subsidiaries andassociates
Decrease (increase) in trade receivables and contract
assetsDecrease (increase) in inventories
Increase (decrease) in trade payables
Other, net
SubtotalInterest and dividends received
Interest paid

Cash flows from investing activities

Cash flows from financing activities
Repayments of lease obligations

(41)

(35)

(1,697)(5)(2,190)26

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents(1,744)(2,199)

(27)

10

4,719

(10)

Cash and cash equivalents at beginning of period

23,491

29,956

Cash and cash equivalents at end of period

28,211

29,945

Dividends paid
Other, net

8