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.

Consolidated Financial Results
for the Third Quarter of the Fiscal Year Ending March 31, 2023
[Japanese GAAP]
January 31, 2023
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: 03-6866-3160Scheduled date of filing quarterly securities report: February 09, 2023
Scheduled date of commencing dividend payments: ー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, 2022 (April 01, 2022 to December 31, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%
Nine months ended
December 31, 2022
50,3886.1
5,817(17.8)
5,905(17.7)
1,868(61.7)
December 31, 2021
47,481
(2.9)
7,073
(0.5)
7,176
(0.5)
4,884
(0.8)
(Note) Comprehensive income:Nine months ended December 31, 2022: ¥2,162 million [(44.9) %]Nine months ended December 31, 2021: ¥3,926 million [(37.5) %]Basic earnings
per share
Nine months ended
December 31, 2022
December 31, 2021

Diluted earnings pershareYen

Yen

34.11
89.17

33.96
88.78

(2) Consolidated Financial Position
Total assets
Million yen
As ofDecember 31, 2022
57,088March 31, 2022
57,531(Reference) Equity: As of December 31, 2022:
As of March 31, 2022:

Net assets

Capital adequacy ratio

Million yen

¥
¥

―1―

43,72844,57943,350 million
44,185 million

%

75.9
76.8

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2022-

13.00-37.0050.00

Fiscal year ending March 31, 2023

-18.00

32.00

50.00

Year-end

Fiscal year ending March 31, 2023
(Forecast)

Total(Note) Revision to the forecast for dividends announced most recently:
Yes(Note) Breakdown of the 3rd quarter dividend for the fiscal year ending March 31, 2023 :Commemorative dividend- yenSpecial dividend- yen
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023(April 01, 2022 to March 31, 2023)(% 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
71,0009.99,500(5.9)(Note) Revision to the financial results forecast announced most recently:

Million yen%

Million yen

9,500
Yes

(6.8)

4,300

(37.8)

78.49* Notes:(1) Changes in significant subsidiaries during the nine months ended December 31, 2022
(changes in specified subsidiaries resulting in changes in scope of consolidation):
NoNew(Company name:
Exclusion:(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, 2022:
57,600,000 shares
March 31, 2022:
57,600,000 shares2) Total number of treasury shares at the end of the period:
December 31, 2022:
2,811,962 shares
March 31, 2022:
2,819,167 shares
3) Average number of shares during the period:
Nine months ended December 31, 2022:
Nine months ended December 31, 2021:

54,784,333 shares
54,773,047 shares―2―))
NoQuarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Million yen)
As of March 31,2022

As of December 31,2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsInventories
OtherAllowance for doubtful accounts
Total current assets

31,70033,888

10,914

9,622

86
2,472

260
2,268

(7)

(3)

45,16646,036

1,259

1,142

1,894
1,169

2,147
434

Non-current assets
Property, plant and equipment
Intangible assets
Software
Goodwill
Other

34

33

Total intangible assets

3,097

2,615

Investments and other assets
Investments and other assets

8,008

7,295

(1)

(1)

Allowance for doubtful accounts
Total investments and other assets

8,007

7,294

12,364

11,05257,531

57,088

Accounts payable - trade
Income taxes payable

4,377
1,298

5,039
660

Provision for bonuses
Other provisions

1,336
23542
27

Total non-current assets
Total assets
Liabilities
Current liabilities

Other

5,396

6,584

Total current liabilities

12,432

12,854Non-current liabilities
Retirement benefit liability

48

65

Other provisions
Other52
418

52
386

Total non-current liabilities

519

504

12,951

13,359

Shareholders' equity
Share capital

1,590

1,590

Capital surplus
Retained earnings

1,480
41,402

1,484
40,257

Treasury shares

(792)

(790)

43,68042,541

512

548

Total liabilities
Net assets

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

―3―

(6)

260

505

809

220

215

(Million yen)
As of March 31,2022
Non-controlling interests
Total net assets
Total liabilities and net assets―4―

As of December 31,2022
173

162

44,57943,72857,531

57,088

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 31,2021

For the nine months
ended December 31,2022

Net sales
Cost of sales

47,481
24,57050,38826,766Gross profit

22,911

23,621

Selling, general and administrative expenses

15,83817,804

Operating profit

7,073

5,817

Interest and dividend income
Share of profit of entities accounted for using equity
methodPartnership gain
Other90

118

11-

33

6

Total non-operating income

109

124

0

12-

232

3-

00

Non-operating income

Non-operating expenses
Interest expenses
Foreign exchange lossesPartnership loss
Loss on extinguishment share-based compensation
expenses
OtherTotal non-operating expenses

636

7,176

5,905

Gain on sale of non-current assets

0-

Total extraordinary income

0-

Impairment losses
Loss on retirement of non-current assets

10728
2

Loss on valuation of investment securities
Loss on sale of shares of subsidiaries and associates

4446

1,368-

Ordinary profit
Extraordinary income

Extraordinary losses

Other-

1101

2,100

Profit before income taxes

7,075

3,804

Income taxes

2,258

1,946

Profit4,817

1,858(66)

(9)

4,884

1,868

Total extraordinary losses

Loss attributable to non-controlling interests
Profit attributable to owners of parent―5―

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)(Million yen)
For the nine months
ended December 31,2021
ProfitOther comprehensive income

For the nine months
ended December 31,2022

4,817

1,858

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

(979)
8836
266

Total other comprehensive income

(891)

303

Comprehensive income

3,926

2,162

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

3,992

2,172(66)

(10)

―6―

Quarterly Consolidated Statements of Cash Flows(Million yen)
For the nine months
ended December 31,2021

For the nine months
ended December 31,2022

Cash flows from operating activities
Profit before income taxes

7,075

3,804

Depreciation
Share-based payment expenses

1,059
27

710
26-

728
96(875)
(90)

(777)
(118)

044

1
1,368

46-

3,168

1,295

(154)

(174)

Increase (decrease) in trade payablesIncrease (decrease) in accounts payable - other(801)
(60)

662
654

Other, net

(450)

585

Subtotal

8,988

8,864

93

113

(0)
(4,639)(1)(3,093)

-

225

4,442

6,107

(702)

(129)

(679)
(430)

(796)
(590)

2

771

150

-

(603)

-

0

(139)

(2,263)

(884)

(35)
(2,190)(18)(3,013)26(30)

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(2,199)(3,062)10

26(10)

2,187

Cash and cash equivalents at beginning of period

29,95631,700Cash and cash equivalents at end of period

29,94533,888

Impairment losses
Amortization of goodwill
Increase (decrease) in provisions
Interest and dividend income
Interest expenses
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

Interest and dividends received
Interest paid
Income taxes paid
Income taxes refund
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
Proceeds from refund of guarantee deposits
Proceeds from sale of shares of subsidiaries andassociates
Purchase of shares of subsidiaries resulting in change
in scope of consolidation
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Repayments of lease liabilities
Dividends paid
Other, net―7―