Summary of Consolidated Financial Statement
for the Twelve Months Ended September 30, 2023 [IFRS]
November 9, 2023
Listed Market: TSE
SEPTENI HOLDINGS CO., LTD.
Stock Code: 4293 URL: https://www.septeni-holdings.co.jp/en
Representative: Representative Director, Group President and Chief Executive Officer Koki Sato
Contact Person: Group Executive Officer Tei Go, Telephone: +81-3-6857-7258
Anticipated Financial Report Filing Date:
November 10, 2023
Anticipated Dividend Payment Date:―
Supplemental Earnings Presentation Materials:
Available
Earnings Presentation Meeting:
Held for institutional investors, analysts, media(All figures of less than 1 million yen are rounded down to the nearest digit)

1. Consolidated Financial Results for the Twelve Months Ended September 30, 2023 (From October 1, 2022 to September 30,
2023)(1) Consolidated Financial Results(% figures represent year-over-year change)
Revenue
Million Yen

4Q FY12/23
FY9/22% Million Yen―
34.8

29,10828,819

Non-GAAP
operating profit

Operating profit% Million Yen

―
49.0

3,023
5,440

Profit before tax% Million Yen

―
54.2

3,163
5,855

Profit attributable toowners of parent

Profit% Million Yen

4,174
8,241

―
110.7

2,724
5,751

%

Million Yen

%

―
120.6

2,769
5,734

―
120.2

(Note) 1. Non-GAAP operating profit is a profit indicator of constant business performance determined by excluding gain and loss related to acquisition
actions such as amortization of acquisition-related intangible assets and M&A expenses, and temporary factors such as stock-based compensation
expenses, impairment loss, and gain or loss on the sales of fixed assets from the IFRS-based operating profit.
2. As the fiscal year ending December 31, 2023 is 15 months due to a change in the fiscal year-end, the rate of year-over-year change is not stated.
3. Figures for the fiscal year ended September 30, 2022 are for the full year.

Basic earnings per share
4Q FY12/23
FY9/22

Diluted earnings per share

Yen

Yen

13.28
30.54

13.24
30.45

(2) Consolidated Financial Position
Total assets

4Q FY12/23
FY9/22Equity attributable to ownersof parent

Total equity

Ratio of equity attributable toowners of parent to total
assetsMillion Yen

Million Yen

Million Yen%

90,47088,731

63,99962,754

63,95762,70570.7
70.7

2. Dividends
Dividends
End of 1Q
FY9/22
FY12/23
FY12/23
Estimate

End of 2Q

End of 3Q

End of 4Q

Term-end

Total

Yen

Yen

Yen

Yen

Yen

Yen

―
―

―
―

―
―

―
―

4.60

4.60

4.60

4.60

(Note) Revisions to the most recently announced dividends estimates: Yes

3. Consolidated Forecasts for the Fiscal Year Ending December 31, 2023 (From October 1, 2022 to December 31, 2023)
Revenue
Full Year

Non-GAAP operating profit(% figures represent year-over-year change)
Profit for the period
attributable to owners of
Basic earnings per shareparentMillion Yen%

Million Yen%

Million Yen%

Yen

36,700

―

4,200

―

3,650

―

17.53

(Note) 1. Revisions to the most recently announced consolidated forecasts: None
2. As the fiscal year-end is changed from September 30 to December 31 and FY12/2023 is a transitional period, the year-over-year change rate is notstated.

*Others(1) Material changes in subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidations) :None(2) Changes in accounting policies and accounting estimates
Changes in accounting policies required by IFRS:
Changes in accounting policies other than IFRS requirement:
Changes in accounting estimates:

None
None
None

(3) Number of issued and outstanding shares (common shares)
Issued and outstanding shares as of term-end (incl. Treasury shares): 4Q FY12/23
Treasury shares as of term-end:
4Q FY12/23
Average number of cumulative shares outstanding:
4Q FY12/23

211,079,654 FY9/22
3,964,545 FY9/22
208,579,826 FY9/22

211,079,654
1,739,243
187,766,998*The summary of consolidated financial statements is not subject to the auditing by the Certified Public Accountants or theaudit corporation.
*Notes for using forecasted information and others(1) Consolidated Forecasts
Any description regarding the future in this material, such as financial results forecasts and an outlook, is based on
the available information and certain conditions which the Company believes to be reasonable at the moment, and actual
financial results may differ from the forecasts due to various factors.
For the conditions which the forecasts are based on, please refer to “1. Qualitative Information on the Quarterly
Financial Results (2) Explanation of Earnings Forecasts and Other Forward-Looking Information.”(2) Way of getting supplemental material of annual results
The Company will hold a financial results briefing as below. The briefing materials will be available on the website
after the summary of consolidated financial statements is disclosed. The audio archive of the briefing will be alsoavailable on the website.
November 9, 2023 (Thu.) – FY12/2023 Fourth Quarter Financial Results Briefing for Institutional Investors, Analysts
and the Press

Index1. Qualitative Information on the Quarterly Financial Results ….…………………………………………………
(1) Explanation of Financial Results ……………………………………………………………………………
(2) Explanation of Earnings Forecasts and Other Forward-Looking Information ………………. …………….
2. Quarterly Consolidated Financial Statements and Key Notes …………………………………………………..
(1) Quarterly Consolidated Statement of Financial Position ……………………………………………………
(2) Quarterly Consolidated Statement of Profit or Loss ………………………………………………………..
(3) Quarterly Consolidated Statement of Comprehensive Income ……………………………………………..
(4) Quarterly Consolidated Statement of Changes in Equity …………………………………………………...
(5) Quarterly Consolidated Statement of Cash Flow …………………………………………………………...
(6) Notes on Quarterly Consolidated Financial Statements ....………………………………………………….
(i) Notes on Matters Related to Going Concern Assumption ……………………………………………...
(ii) Information on Reportable Segments …………………………………………………………………..

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2
3
4
4
5
6
7
8
10
10
10

1. Qualitative Information on the Quarterly Financial Results
Due to a change in the fiscal year-end, the fiscal year under review is the 15-month period from October
1, 2022 to December 31, 2023, and year-on-year comparisons are made with the previous fiscal year's full-year
figures.
(1) Explanation of Financial Results
In the consolidated cumulative fourth quarter of the fiscal year under review (hereinafter “the current
quarter”), in the main Digital Marketing Business, despite steady progress in acquiring new clients, revenue
declined year on year, and operating profit decreased reflecting an increase in expenses centered on thestrengthening of investment in human capital. In the Media Platform Business, revenue increased, and the loss
decreased due to the growth of the IP Platform Business (the name was changed from the Manga Content
Business from the first quarter of the current fiscal year) centered on billing revenue.
As a result, revenue was ¥29,108 million (up 1.0% year on year), operating profit was ¥3,023 million(down 44.4% year on year), Non-GAAP operating profit was ¥3,163 million (down 46.0% year on year), andquarterly profit attributable to owners of parent was ¥2,769 million (down 51.7% year on year).
The Group discloses consolidated financial results in terms of both its internal measures which
management relies upon in making decisions (hereinafter the “Non-GAAP financial measures”) and thoseunder IFRS. Non-GAAP operating profit is a profit indicator of constant business performance determined by
excluding gains and losses related to acquisition actions and temporary factors from the IFRS-based operating
profit. Management believes that the disclosure of Non-GAAP financial measures facilitates comparison
between the Group and industry peers and year-on-year comparisons by stakeholders and can provide useful
information in understanding the underlying financial results and outlook of the Group. Gain and loss related toacquisition actions refer to amortization of acquisition-related intangible assets and M&A expenses, andunusual items refer to one-off items, such as stock-based compensation expenses, impairment losses, and gains
or losses on sales of non-current assets, which the Group believes shall be excluded for the purposes ofpreparing an outlook based on certain rules.
Reconciliation from operating profit to Non-GAAP operating profit is as follows:(Million yen)
FY9/2022(Previous consolidated
fiscal year)

Operating profit

4Q FY12/2023(Current consolidated
cumulative 4Q)

Change

5,440

3,023

-2,417

31

41

10

145

33

-112

Adjustment (Others)

240

66

-174

Non-GAAP operating profit

5,855

3,163

-2,692Adjustment (Amortizationof acquisition-related
intangible assets)
Adjustment (Stock-based
compensation expenses)

Percentage
of change-44.4%-46.0%

Operating results by reportable segment are as follows.
(i) Digital Marketing Business
The Digital Marketing Business consists of business segments that provide comprehensive DX support,such as proposals that integrate online and offline, centered on digital marketing.
In the current quarter, despite steady progress in acquiring new clients, expenses increased due to thestrengthening of investment in human capital.
As a result, revenue was ¥25,191 million (down 2.6% year on year), and Non-GAAP operating profit was¥6,453 million (down 29.9% year on year).
(ii) Media Platform Business
The Media Platform Business consists of IP Platform Business “GANMA!”, Employment Platform
Business “ViViViT”, Platform Business of Social Contribution “gooddo”, Childcare Platform Business“Babyful” etc.
-2-

In the current quarter, revenue increased due to the growth of the IP Platform Business centered on
billing revenue. Furthermore, the loss narrowed due to accelerated monetization of own IP.
As a result, revenue was ¥4,437 million (up 34.6% year on year) and Non-GAAP operating loss was¥544 million (compared with an Non-GAAP operating loss of ¥844 million in the same quarter of the previousyear).
(2) Explanation of Earnings Forecasts and Other Forward-Looking Information
There is no change in the consolidated earnings forecasts for the fiscal year ending December 2023 fromestimates in “Notification on Revisions to the Full-Year Consolidated Earnings Estimates for the FY2023”
announced on August 8, 2023.

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2. Consolidated Financial Statements and Key Notes(1) Quarterly Consolidated Statement of Financial Position(Thousand yen)
FY2022(Ended September 30, 2022)

4Q FY2023(Ended September 30, 2023)

21,340,076
18,285,273
103,154
98,953757,815
40,585,272

19,778,728
19,494,106
116,397
81,725
1,687,854
41,158,809

235,0221,090,965
4,693,055
525,138

309,3632,018,359
4,693,055
446,988

33,342,226

33,775,203

6,904,527
24,2441,330,663
48,145,841
88,731,112

6,642,457
15,5591,410,234
49,311,218
90,470,027

16,891,357
4,910,042
557,879
2,847,110
25,206,388

18,128,577
4,703,493－
1,907,374
24,739,444

531,226
159,063
80,366
770,655
25,977,043

1,489,048
175,839
66,211
1,731,098
26,470,542

18,428,004
25,309,728-575,707
19,671,818-128,588

18,428,004
25,502,729-1,396,624
21,479,159-56,045

62,705,254

63,957,223

48,81562,754,069
88,731,112

42,262
63,999,485
90,470,027

AssetsCurrent assets
Cash and cash equivalents
Operating receivables
Inventory
Other financial assets
Other current assets
Total current assets
Non-current assets
Property, plant, and equipment
Right-of-use assets
Goodwill
Intangible assets
Investments accounted for using equity
methodOther financial assets
Other non-current assets
Deferred tax assets
Total non-current assets
Total assets
Liabilities and Equity
Liabilities
Current liabilities
Operating payables
Other financial liabilities
Current income taxes payable
Other current liabilities
Total current liabilities
Non-current liabilities
Other financial liabilities
Provisions
Deferred tax liabilities
Total non-current liabilities
Total liabilities
EquityEquity attributable to owners of parent
Share capital
Capital surplus
Treasury shares
Retained earnings
Other components of equity
Total equity attributable to owners ofparentNon-controlling interests
Total equity
Total liabilities and equity-4-(2) Quarterly Consolidated Statement of Profit or Loss

Revenue
Cost of sales
Gross profit
Selling, general and administrative
expenses
Other income
Other expenses
Operating profit
Financial income
Financial expenses
Share of profit from investments
accounted for using equity method
Profit before tax
Income tax expenses
ProfitFY2022(From October 1, 2021 toSeptember 30, 2022)
28,818,924
6,098,494
22,720,430(Thousand yen)
4Q FY2023(From October 1, 2022 toSeptember 30, 2023)
29,107,604
7,147,318
21,960,286

17,057,829

18,898,530

23,332
246,0445,439,888
2,069,190
334,594

40,03579,0083,022,784
5,024
209,382

1,066,228

1,355,914

8,240,713
2,490,040
5,750,673

4,174,340
1,449,866
2,724,474

5,733,564
17,1095,750,673

2,768,957-44,483
2,724,474

30.54
30.45

13.28
13.24

Profit (loss) attributable to:
Owners of parent
Non-controlling interests
Total
Earnings per share
Basic earnings per share (Yen)
Diluted earnings per share (Yen)-5-(3) Quarterly Consolidated Statement of Comprehensive Income
FY2022(From October 1, 2021 toSeptember 30, 2022)
5,750,673(Thousand yen)
4Q FY2023(From October 1, 2022 toSeptember 30, 2023)
2,724,474

25,055

14,657

114,591

56,247

8,356

2,990

148,001

73,894

Total comprehensive income

5,898,674

2,798,368

Comprehensive income attributable to:
Owners of parent
Non-controlling interests
Comprehensive income

5,881,565
17,1095,898,674

2,842,851-44,483
2,798,368

Profit (loss)
Other comprehensive income
Items that will not be reclassified to profit
or loss
Net changes in financial assets measured
at fair value through othercomprehensive income
Items that may be reclassified to profit orloss
Exchange differences on translating
foreign operations
Cash flow hedges
Total other comprehensive income, net of
tax

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(4) Quarterly Consolidated Statement of Changes in Equity(Thousand yen)
Equity attributable to owners of parent
Share capital
Balance as of October 1, 2021

CapitalsurplusTreasurysharesRetainedearnings

Other
componentsof equity

Total

Noncontrollinginterests

Total equity

2,125,384

3,901,272-1,691,842

14,322,283-230,678

18,426,419

18,86918,445,288

Profit (loss)

－

－

－

5,733,564－

5,733,564

17,1095,750,673

Other comprehensive income

－

－

－

－

148,001

148,001－

148,001

Total comprehensive income
Issuance of new shares
Dividends of surplus
Purchase of treasury stock
Changes due to acquisition ofcontrol of subsidiaries
Other
Total amount of transactions
with owners
Balance as of September 30, 2022

－

－

－

5,733,564

148,001

5,881,565

17,1095,898,674

16,302,620－－

16,161,638
－
－

－
－

－

-26

-429,940－－－－

32,464,257-429,940
-26

－
－
－

32,464,257-429,940-26－

5,102,147

1,116,161－－

6,218,308

14,9026,233,210－

144,671－

45,911-45,911

144,671-2,064

142,606

16,302,620

21,408,456

1,116,135-384,029-45,911

38,397,270

12,83838,410,107

18,428,004

25,309,728-575,707

19,671,818-128,588

62,705,254

48,81562,754,069(Thousand yen)
Equity attributable to owners of parent

Balance as of October 1, 2022

SharecapitalCapitalsurplusTreasurysharesRetainedearnings

Other
componentsof equity

Total

Noncontrollinginterests

Total equity

18,428,004

25,309,728-575,707

19,671,818-128,588

62,705,254

48,81562,754,069

Profit (loss)

－

－

－

2,768,957－

2,768,957-44,483

2,724,474

Other comprehensive income

－

－

－

－

73,89473,894－73,894

Total comprehensive income
Dividends of surplus
Purchase of treasury shares
Disposal of treasury shares
Changes without loss of controlof subsidiaries
Other
Total amount of transactions
with owners
Balance as of September 30, 2023

－

－

－

2,768,957

73,894

2,842,851-44,483

2,798,368

－
－
－

－

－

-2,506-455,025-1,275,942
455,025-962,966
－
－

－
－
－

-962,966-1,278,448
－

－
－
－

-962,966-1,278,448－－

617,902－－－617,90239,614

657,516－

32,629－1,351-1,351

32,629-1,68430,945－

193,001-820,917-961,615-1,351-1,590,882

37,930-1,552,953

18,428,004

25,502,729-1,396,624

21,479,159-56,045

63,957,223

42,262

63,999,485-7-

(5) Quarterly Consolidated Statement of Cash FlowFY2022(From October 1, 2021 toSeptember 30, 2022)(Thousand yen)
4Q FY2023(From October 1, 2022 toSeptember 30, 2023)

8,240,713

4,174,340

767,297-2,44624,920772,290-3,817
21,394-1,066,228-1,355,914-2,032,753
183,323

111,886
50,901

1,242,834
16,657-19,550-1,234,828
6,119,938
2,255
34,227-25,202－-2,481,389
3,649,828-1,208,833-13,243
1,237,220-737,712
3,048,513
3,717
1,855,868-26,182
65,648-3,128,166
1,819,398

99,998-1,311,447-37,769-72,805

1,948-429,078-159,651-9,361

162,427－－-828,080-31,312,999-932,830-609,149
2,165,465
363,304-30,552,974－－
606,320-1,750,732

Cash flows from operating activities
Profit before tax
Adjustments:
Depreciation and amortization expenses
Interest income
Interest expenses
Share of loss (profit) of entities accounted
for using equity method
Loss (profit) on valuation of securities
Other
Increase or decrease in working capital
Decrease (increase) in operating receivables
Decrease (increase) in inventories
Increase (decrease) in operating payables
Other
SubtotalInterest income received
Dividends received
Interest expenses paid
Income taxes refund
Income taxes paid
Cash flows from operating activities
Cash flows from investing activities
Proceeds from sale of securities
Purchase of securities
Purchase of property, plant, and equipment
Purchase of intangible assets
Proceeds from purchase of shares ofsubsidiaries resulting in change in scope of
consolidation
Payments of contingent considerations
Purchases of investments accounted for using
the equity method
Payments for loans receivableCollection of loans receivable
Other
Cash flows from investing activities-8-

FY2022(From October 1, 2021 toSeptember 30, 2022)(Thousand yen)
4Q FY2023(From October 1, 2022 toSeptember 30, 2023)－-851,551-605,802-429,940
32,402,037－-26
713,924
31,228,641

3,000,000-2,000,350-603,308-962,966－
221,993-1,278,448-63,181-1,686,260

114,591

56,2474,440,086-1,561,348

16,899,990

21,340,076

21,340,076

19,778,728

Cash flows from financing activities
Proceeds from short-term borrowings
Repayments of long-term borrowings
Repayments of lease obligations
Cash dividends paid
Proceeds from issuance of shares
Proceeds from sales of treasury shares
Purchase of treasury shares
Other
Cash flows from financing activities
Effect of exchange rate change on cash and cash
equivalents
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of
periodCash and cash equivalents at end of period-9-(6) Notes on Quarterly Consolidated Financial Statements(i) Notes on Matters Related to Going Concern Assumption
No applicable items.
(ii) Information on Reportable Segments
1. Overview of reportable segments
The Group has a holding company structure where the Company is a holding company, and its
subsidiaries (or their groups) are business units. Activities directly related to revenue generation are conducted
solely by the business units.
The Group’s reportable segments are based on business segments for which separate financial
information is available and that the highest decision-maker examines on a regular basis to determine the
distribution of management resources and evaluate the results. In consideration of similarities among the
economic characteristics of each business segment and their quantitative importance and for the purpose of
enabling the users of the financial statements to appropriately evaluate the Group’s businesses and theeconomic circumstances, and their effects on the businesses, the Group discloses information on tworeportable segments: the Digital Marketing Business and the Media Platform Business.
i. Digital Marketing Business
The Digital Marketing Business consists of businesses that provide comprehensive DX support, mainlyin the marketing domain, such as marketing support through online-offline integration centered on the sales
and operation of digital advertising, and the development and provision of solutions utilizing data and AI.
ii. Media Platform Business
The Media Platform Business consists of IP Platform Business “GANMA!”, Employment Platform
Business “ViViViT”, Platform Business of Social Contribution “gooddo”, Childcare Platform Business“Babyful” etc.
This segment includes business units that have commenced operation in recent years and have not madea profit due to prior investment for revenue generation. The highest decision-maker makes decisions on the
distribution of management resources to those business units and evaluates their results, assuming risks andeconomic values that allow the Group to recover the investment costs through future revenue generation.
2. Measurement of reportable segments’ profit and loss
Segment profit uses Non-GAAP operating profit based on IFRS adjusted for gains and losses related
to acquisition actions such as amortization of acquisition-related intangible assets and M&A expenses andtemporary factors such as stock-based compensation expenses, impairment losses, and gains and losses onsales of property, plant and equipment. Non-GAAP operating profit is a profit indicator of constant businessperformance determined by excluding gains and losses related to acquisition actions and temporary factors
from the IFRS-based operating profit. Management believes that disclosing Non-GAAP measures facilitatescomparison between the Group and industry peers and year-on-year comparisons by stakeholders and canprovide useful information in understanding the underlying operating results and outlook of the Group. Gains
and losses related to acquisition actions refer to amortization of acquisition-related intangible assets and M&A
expenses, and unusual items refer to one-off items, such as stock-based compensation expenses, impairment
losses, and gains and losses on sales of non-current assets, which the Group believes shall be excluded for the
purposes of preparing an outlook based on certain rules.
The prices of inter-segment transactions are determined based on the prices of transactions withexternal customers.

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3. Information on reportable segments’ profit and loss
Previous consolidated fiscal year (from October 1, 2021 to September 30, 2022)(Thousand yen)
DigitalMedia Platform
Marketing
25,861,984
3,296,727

Total

Adjustment

Consolidated

Segment revenue *1
29,158,711-339,787
28,818,924
Segment profit (loss)
9,211,291-844,464
8,366,827-2,511,599
5,855,229*2*3(Notes) 1. Adjustments include the elimination of profit and loss transactions between reportable segments.
2. The segment profit is Non-GAAP operating profit.
3. Adjustments include the elimination of profit and loss transactions between reportable segments andexpenses for the operation of the holding company. Expenses for the operation of the holding company
are personnel expenses etc.
Current consolidated cumulative 4Q (from October 1, 2022 to September 30, 2023)(Thousand yen)
DigitalMarketingMedia Platform

Total

Adjustment

Consolidated

Segment revenue *1
25,191,379
4,437,289
29,628,668-521,064
29,107,604
Segment profit (loss)-2,747,213
6,453,425-543,539
5,909,887
3,162,674*2*3(Notes) 1. Adjustments include the elimination of profit and loss transactions between reportable segments.
2. The segment profit is Non-GAAP operating profit.
3. Adjustments include the elimination of profit and loss transactions between reportable segments andexpenses for the operation of the holding company. Expenses for the operation of the holding company
are personnel expenses etc.
Adjustments of segment profit (loss) and profit before tax

Segment profit (Non-GAAP operating profit)
Selling, general and administrative expenses
Amortization of acquisition-related intangible assets
Stock-based compensation expenses
Other profit (loss) (net)
Financial profit (loss) (net)Share of profit from investments accounted for using
equity method
Profit before tax

FY2022(From October 1, 2021 toSeptember 30, 2022)
5,855,229(Thousand yen)
4Q FY2023(From October 1, 2022 toSeptember 30, 2023)
3,162,674-30,614-144,671-240,056
1,734,597
1,066,228-40,818-32,629-66,443-204,358
1,355,914

8,240,713

4,174,340- 11 -