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 Second Quarter of the Fiscal Year Ending March 31, 2022
[Japanese GAAP]
October 27, 2021
Company name:
Infocom Corporation
Stock exchange listing: Tokyo
Stock code:
Representative:

4348
URL https://www.infocom.co.jp/
President and CEO
Norihiro Takehara

Inquiries:
Head of Corporate Communications Office
Scheduled date to file Quarterly Securities Report:

Shinya Tanaka
November 9, 2021

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:

November 30, 2021
Yes

Holding of quarterly financial results meeting:

Yes

TEL

03-6866-3160(for institutional investors and analysts)(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)
Net sales
Six months ended September 30, 2021
Six months ended September 30, 2020

Millions of yen
32,45633,213

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
(2.3)
4,998
1.6
5,055
2.1
3,445
2.0
20.0
4,920
27.4
4,950
27.7
3,377
31.1

Earnings per share

Diluted earnings per share

Yen
62.90
61.70

Six months ended September 30, 2021
Six months ended September 30, 2020

Yen
62.62
61.43

(2) Consolidated financial positionTotal assets
As of September 30, 2021
As of March 31, 2021

Net assets

Millions of yen
55,77356,435Equity ratio

Millions of yen
42,691
41,839

%
76.0
73.5

2. Cash dividends
Annual dividends per share

Year ended March 31, 2021
Year ending March 31, 2022

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
10.00
13.00

Yen–

Yen
27.00

Yen
37.00

–

27.00

40.00

Year ending March 31, 2022 (Forecast)Total

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
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
70,0002.9
11,0001.7
11,000
0.6
7,300
16.3
133.281

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:

NoNo(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:
Changes in accounting estimates:

No
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

57,600,000 shares As of March 31, 2021

57,600,000 shares

Number of treasury shares at the end of the period
As of September 30, 2021

2,826,767 shares As of March 31, 2021

2,829,423 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2021

54,772,225 shares Six months ended September 30, 2020

254,750,120 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of September 30, 2021

As of March 31, 2021
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Notes and accounts receivable - trade, and contract
assetsInventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Software
Other
Total intangible assets
Investments and other assets
Investments and other assets
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Income taxes payable
Provision for bonuses
Other provisions
Other
Total current liabilities
Non-current liabilities
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

3

29,956
12,50230,732––

10,437167
1,345(7)43,964192
2,035(5)43,392

1,054

757

1,592
47
1,639

1,680
34
1,715

9,974
(198)
9,776
12,471
56,435

10,120(211)
9,908
12,381
55,773

4,975
2,729
1,402
–
5,133
14,241

4,574
1,476
1,025
15
5,744
12,83616338
355
14,59623
222
245
13,082

1,590
1,556
37,479(795)
39,8291,590
1,559
38,646(794)
41,001

1,827

1,452

(153)
1,673
228
107
41,83956,435

(81)
1,370
226
93
42,691
55,773

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Six months ended
Six months ended
September 30, 2020
September 30, 2021
Net sales
33,21332,456
Cost of sales
16,78016,770Gross profit
16,432
15,685
Selling, general and administrative expenses
11,511
10,687
Operating profit
4,920
4,998
Non-operating income
Interest and dividend income
3852
Share of profit of entities accounted for using equity
67
methodForeign exchange gains
0–Other32
Total non-operating income
4962
Non-operating expenses
Interest expenses
00Foreign exchange losses–
1Partnership loss
190
Loss on extinguishment share-based compensation–
3expenses
Other00
Total non-operating expenses
196
Ordinary profit
4,950
5,055
Extraordinary income
Gain on sale of non-current assets–
0
Total extraordinary income–
0Extraordinary losses
Loss on retirement of non-current assets
00
Loss on valuation of investment securities
344
Bad debts written off
1–
Other0–Total extraordinary losses
544
Profit before income taxes
4,945
5,011
Income taxes
1,589
1,616
Profit3,355
3,394
Loss attributable to non-controlling interests
(22)
(50)
Profit attributable to owners of parent
3,377
3,4454

Consolidated statements of comprehensive income (cumulative)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests

5Six months ended
September 30, 2020
3,355(Millions of yen)Six months ended
September 30, 2021
3,394

1,520(0)(69)
1,451
4,806(374)–74(299)
3,095

4,838

3,142(31)(47)

Consolidated statements of cash flows
Six months ended
September 30, 2020
Cash flows from operating activities
Profit before income taxes
Depreciation
Share-based payment expenses
Amortization of goodwill
Increase (decrease) in provisions
Interest and dividend income
Interest expenses
Loss (gain) on valuation of investment securities
Decrease (increase) in trade receivables and contract
assetsDecrease (increase) in inventories
Increase (decrease) in trade payables
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Repayments of lease obligations
Dividends paid
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cashequivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period6(Millions of yen)Six months ended
September 30, 2021

4,945
482
59
102
(548)
(38)
0
3

5,011
669
18–
(366)
(52)
0
44

786

2,154

88
387
(173)
6,094
41
(0)
(1,652)
4,481

(40)
(367)
(815)
6,253
56
(0)
(3,174)
3,135

(77)
(303)
(157)
(0)
(538)

(87)
(405)
(405)
0(898)(28)(1,149)(4)(1,182)(23)(1,478)28(1,474)

(26)

13

2,734
23,491
26,225775
29,95630,732