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, 2024
[Japanese GAAP]
January 31, 2024
Company name: INFOCOM CORPORATION
Stock exchange listing: Tokyo
Code number: 4348
URL: https://www.infocom.co.jp/
Representative: Jun Kuroda
President and CEO
Contact: Hiroshi Imafuku
Head of Corporate Communications Office
Phone: +81-3-6866-3160
Scheduled date of filing quarterly securities report: February 9, 2024
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, 2023 (April 1, 2023 to December 31, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet salesOperating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended
December 31, 2023
60,363
19.8
6,365
9.4
6,445
9.1
4,271
128.6
December 31, 2022
50,3886.1
5,817(17.8)
5,905(17.7)
1,868(61.7)(Note) Comprehensive income:Nine months ended December 31, 2023: ¥4,319 million [99.8%]
Nine months ended December 31, 2022: ¥2,162 million [(44.9) %]Basic earnings
per share
Nine months ended
December 31, 2023
December 31, 2022

Diluted earnings pershareYen

Yen

77.89
34.11

77.57
33.96

(2) Consolidated Financial Position
Total assets
Millions of yen
As ofDecember 31, 2023
62,945
March 31, 2023
60,287(Reference) Equity: As of December 31, 2023:
As of March 31, 2023:

Net assets

Capital adequacy ratio

Millions of yen¥¥―1―46,946
45,19446,547 million
44,816 million

%

73.9
74.3

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023

-18.00-

32.00

50.00

Fiscal year ending March 31, 2024

-

18.00

27.00

45.00

Year-end

Fiscal year ending March 31, 2024
(Forecast)

Total(Note) Revision to the forecast for dividends announced most recently:
No(Note) Breakdown of the year-end dividend for the fiscal year ended March 31, 2023:
Commemorative dividend
5.00 yen
Special dividend- yen
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024(April 1, 2023 to March 31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share
Millions of yen% Millions of yen% Millions of yen

Full year
82,50017.3
10,00017.3(Note) Revision to the financial results forecast announced most recently:

10,000No% Millions of yen

16.3

6,700%

Yen

87.6

122.28* Notes:(1) Changes in significant subsidiaries during the nine months ended December 31, 2023
(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: No
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, 2023:
57,600,000 shares
March 31, 2023:
57,600,000 shares
2) Number of treasury shares at the end of the period:
December 31, 2023:
2,724,682 shares
March 31, 2023:
2,809,562 shares
3) Average number of shares outstanding during the period:
Nine months ended December 31, 2023:
Nine months ended December 31, 2022:

54,840,228 shares
54,784,333 shares―2―))
NoQuarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023

As of December 31, 2023

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contractassets
Inventories
Other
Allowance for doubtful accounts
Total current assets

35,57535,397

11,757

10,905

83
1,695

283
2,183(0)(3)

49,111

48,767

1,140

1,473

2,198
419

2,503
1,027

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

33

835

Total intangible assets

2,650

4,366

Investments and other assets
Investments and other assets

7,386

8,338

(1)

(1)

Allowance for doubtful accounts
Total investments and other assets

7,385

8,337

11,176

14,17760,287

62,945

Accounts payable - tradeIncome taxes payable

5,212
1,437

5,623
954

Provision for bonuses
Other provisions

1,302
23

565
34

Total non-current assets
Total assets
Liabilities
Current liabilities

Other

6,642

8,032

Total current liabilities

14,61915,210Non-current liabilities
Retirement benefit liability

6782

Other provisions
Other

52
353

52
652

Total non-current liabilities

474

788

15,093

15,998

Shareholders' equity
Share capital

1,590

1,590

Capital surplus
Retained earnings

1,485
41,961

1,608
43,491

Treasury shares

(790)

(766)

44,24645,923390

281

178

342

569

623

213

205

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―

(Millions of yen)
As of March 31, 2023
Non-controlling interests
Total net assets
Total liabilities and net assets―4―

As of December 31, 2023
164

193

45,19446,94660,287

62,945

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)(Millions of yen)
For the nine months
ended December 31, 2022

For the nine months
ended December 31, 2023

Net sales
Cost of sales

50,38826,76660,36332,106Gross profit

23,621

28,257

Selling, general and administrative expenses

17,804

21,891

Operating profit

5,817

6,365

118

80

618

124

99

Interest expenses
Foreign exchange losses

122
2Partnership loss
Other

32
0

130

Total non-operating expenses

3619

5,905

6,445

Gain on sale of investment securities-29

Total extraordinary income-29

Non-operating incomeInterest and dividend income
Other
Total non-operating income
Non-operating expenses

Ordinary profit
Extraordinary income

Extraordinary losses
Impairment losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Other728

-

2
1,368

24
22

1

1

2,100

48

Profit before income taxes

3,804

6,426

Income taxes

1,946

2,164

Profit

1,858

4,261

(9)

(9)

1,868

4,271

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)(Millions of yen)
For the nine months
ended December 31, 2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income

For the nine months
ended December 31, 2023

1,858

4,261

36266

(109)
167

303

57

Comprehensive income

2,162

4,319

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

2,172

4,325

(10)

(6)

―6―

Quarterly Consolidated Statements of Cash Flows(Millions of yen)
For the nine months
ended December 31, 2022

For the nine months
ended December 31, 2023

Cash flows from operating activities
Profit before income taxes

3,804

6,426

Depreciation
Share-based payment expenses

710
26882
38

Impairment losses
Amortization of goodwill

728
96

67

Increase (decrease) in provisions
Interest and dividend income

(777)
(118)

(714)
(80)

12

2
24

Loss (gain) on sale of investment securities
Loss (gain) on valuation of investment securities
Decrease (increase) in trade receivables and contract
assetsDecrease (increase) in inventories

1,368(29)
22

1,295

1,301(174)(149)

Increase (decrease) in trade payables
Other, net

662
1,237

301
935

Subtotal

8,864

9,029

113
(1)

76
(2)

Income taxes paid
Income taxes refund(3,093)225(3,202)265

Net cash provided by (used in) operating activities

6,107

6,165

Purchase of property, plant and equipment
Purchase of intangible assets

(129)
(796)

(363)
(884)

Purchase of investment securities
Proceeds from sale of investment securities(590)-(821)
37

Payments of guarantee deposits
Proceeds from refund of guarantee deposits
Purchase of shares of subsidiaries resulting in change
in scope of consolidation
Other, net

(114)
771

(211)
2-(1,331)

(24)

81

Net cash provided by (used in) investing activities(884)(3,491)

Interest expenses
Loss on retirement of non-current assets

Interest and dividends received
Interest paid

Cash flows from investing activities

Cash flows from financing activities
Repayments of lease liabilities

(18)

(12)

(3,013)(30)(2,741)(148)

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(3,062)(2,902)2649

2,187(177)Cash and cash equivalents at beginning of period

31,70035,575

Cash and cash equivalents at end of period

33,88835,397

Dividends paid
Other, net―7―