Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Statements for the Fiscal Year Ended September 30, 2023
(Based on Japanese GAAP)
November 13, 2023
Name of listed company
Stock code:
Representative:
Contact:

GMO Financial Gate, Inc.

Exchange

4051

Tokyo Stock Exchange Growth

URL: https://gmo-fg.com/en

Kentaro Sugiyama President & Chief Executive Officer
Tomoki Tamai
Director & Corporate Support Division Executive OfficerTel:+81-3-6416-3881

Scheduled date of commencement
Scheduled date of annual general meeting of shareholders December 17, 2023
December 18, 2023
for dividend payment
Scheduled date of filing annual securities report
December 18, 2023
Supplemental materials prepared for financial results: Yes

Information meeting arranged related to financial results: Yes(for institutional investors and analysts)(Amounts rounded down to the nearest one million yen)
1. Consolidated Financial Statements for the Fiscal Year Ended September 30, 2023 (From October 1, 2022 to September 30, 2023)(1) Consolidated Financial Statements (Cumulative)(Percentages represent year over year % change)
Revenue(*)

Operating profit

FY 2023

Mil.Yen
15,909%54.5

FY 2021

10,29545.2

Comprehensive profit

FY2023781Mil.Yen

Net earnings per share(Note)FY 2023

Yen
90.25

FY 2022

57.32

Ordinary profit

Mil.Yen
1,120

%
51.3

740

25.7

(62.9％)

Mil.Yen
1,114
745
FY202220.4

479Mil.Yen

Diluted earnings
Return on shareholders’per share
equity
Yen
%
89.74
15.9
56.70

Profit attributable to owners ofparent%Mil.Yen
%
49.4
746
58.0

Ordinary profit to total
assets
%
14.0

10.8

Share of profit of entities accounted for using equity method

472

FY2022

14.9(28.7％)
Operating profit torevenue%
7.0

10.8－Mil.YenFY2021

7.2－Mil.Yen(Note) The company conducted a 2-for-1 stock split for common stock on January 17, 2023. As a result, net income per share and diluted net earnings per share after
the stock split are calculated on the assumption that the stock split was conducted at the beginning of the fiscal year ended September 30, 2022.

(2) Consolidated Financial Position
Total assets

FY 2023
FY 2022(Note)Net assets
Mil.Yen
9,262
6,638

Equity Capital

FY2023Equity ratio
Mil.Yen
5,115
4,670

4,913Mil.Yen

FY2022

Net assets per share
%
53.0

Yen
592.9767.8

545.23

4,503Mil.Yen(Note) The company conducted a 2-for-1 stock split for common stock on January 17, 2023. As a result, net assets per share is calculated on the assumption that thestock split was conducted at the beginning of the fiscal year ended September 30, 2022.

(3) Consolidated Cash FlowsFY 2023

Cash flows fromoperating activities
Mil.Yen865

Cash flows frominvesting activities
Mil.Yen△529

FY 2022

△212

△531

Cash flows from
Cash and cash equivalents at thefinancing activities
end of period
Mil.YenMil.Yen
1,280
4,003
△303

2,387

2. Dividends
Annual Dividend

FY2022

Mil.Yen－%
0.00

Mil.Yen－%
58.00

Mil.Yen
58.00

%
239

Mil.Yen
50.6

Dividends
to net assets(Consolidated)%
5.5

FY2023

－

0.00

－

46.00

46.00

382

51.0

8.1

FY2024 (forecast)

－

0.00

－

52.00

52.00

End of Q1

End of Q2

End of Q3

End of Q4

Total

Total dividends

Payout ratio(Consolidated)

50.2(Note) The company conducted a 2-for-1 stock split for common stock on January 17, 2023. The dividend for the fiscal year ending September 30, 2022
represents the actual dividend before the stock split.

3. Consolidated Financial Forecast for the Fiscal Year Ending September 2024 (October 1, 2023 to September 30, 2024)

Revenue

Q2 FY2024(Cumulative)

Mil.Yen
9,208

%
26.7

FY2024(Full year)

19,20020.7(Percentages represent quarter over quarter / year over year % change)
Profit attributable to
Net earnings per
Operating profit
Ordinary profit
owners of parent
share
Mil.Yen%Mil.YenMil.Yen%Mil.Yen
%
740
16.4
731
15.3
472
19.7
56.96
1,410

25.9

1,392

24.9

859

15.1

103.67

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Notes:(1)

Changes of important subsidiaries during the period:(change of specific subsidiaries that leads to a change in the scope of consolidation)
Number of new subsidiaries:

(2)

(3)

-

(Name

)

; Number of excluded subsidiaries:

No

(Name

)

Changes in the accounting policy / changes in the accounting estimation[1] Changes in accounting policy required by accounting criteria:

Yes[2] Changes in accounting policy other than [1]:No[3] Changes in accounting estimations:

No[4] Restatement of prior period financial statements:

No

Number of shares issued (common stock)[1] Number of shares issued at the end of the term (including

FY20238,305,340

FY20228,260,220[2] Number of treasury shares at the end of the term

FY2023

19,188FY2022

252[3] Average number of shares during the term

FY20238,270,541

FY2022

8,244,136

treasury stock)(Notes)1.The number of treasury shares at the end of the term includes the Company’s shares held by Board Benefit Trust (BBT and J-ESOP) (FY2022:
NA, FY2023: 18,800 shares)
2.The company conducted a 2-for-1 stock split for common stock on January 17, 2023.As a result, the number of shares issued (common stock)is calculated on the assumption that the stock split was conducted at the beginning of the fiscal year ended September 30, 2022.

(Note)

Non-consolidated Financial Statements for the Fiscal Year Ended September 30, 2023
(From October 1, 2022 to September 30, 2023)(1) Non-consolidated operating results(Percentages represent year over year % change)

Revenue

Operating profit

Ordinary profit

Net profit

FY2023

Mil.Yen
15,281%
57.0

Mil.Yen
780

%
47.8

Mil.Yen
1,179

%
121.5

Mil.Yen
961

%
171.3

FY2022

9,735

45.2

528

△1.3

532

△29.9

354

△38.8

Earnings per share

Diluted earnings per share

FY2023Yen
116.31

Yen
115.65

FY2022

43.00

42.54

(Note) The company conducted a 2-for-1 stock split for common stock on January 17, 2023. As a result, net income per share and diluted net income pershare after the stock split are calculated on the assumption that the stock split was conducted at the beginning of the fiscal year ended September
30, 2022.

(2) Non-consolidated financial position
Total assets
Mil Yen
9,093

FY2023
FY2022(Note)

Shareholders’ equity

Net assets
Mil Yen
5,113

6,281
FY2023Equity ratio

4,487
5,113Mil.Yen

FY2022

Net assets per share%
56.2

Yen.sen617.0771.4

543.31

4,487Mil.Yen(Note) The company conducted a 2-for-1 stock split for common stock on January 17, 2023. As a result, net assets per share is calculated on theassumption that the stock split was conducted at the beginning of the fiscal year ended September 30, 2022.

*

financial statements are not subject the review by certified public accountants or financial statement auditors.

*

Explanation of the appropriate use of forecasts and other special notes
The forward-looking statements, including business results forecasts, contained in this document are based on information available to thecompany at the time of preparation and on certain assumptions deemed reasonable by the company. Forward-looking statements are notintended as a promise of actual results by the company. Actual results may differ materially due to a variety of factors. For more regarding
assumptions related to earnings forecasts and precautions concerning the use of earnings forecasts, see 1.Qualitative Information Regarding
Results for the Period (4) Future outlook on page 5 of Attached Materials.

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Table of contents of attachments
1. Qualitative Information Regarding Results for the Period………………………….………………………………………2(1)

Overview of operating results………………………………………………………………………...…………………………2(2)

Overview of financial position…...………………………………………………………………………………………………3(3)

Overview of cash flows………………..…………………………………………………………………………………………4(4)

Future outlook ……………………………………………………...…………………………………….………………………5(5)

Basic policy on profit distribution and dividends for the current and next fiscal year……………………………..………5

2. Basic Concept Regarding Selection of Accounting Standards …………………………………………………..………5
3. Consolidated financial statements and Major Notes …………………………………………..……………………….……6(1)

Consolidated balance sheet…………………………………………………………………..……………..…………….……6(2)

Consolidated statement of income and comprehensive income………………..……………..……………..……….……8(3)

Consolidated statement of changes in equity(4)

Consolidated statement of cash flows………………………………..………………………………………………………11(5)

Notes regarding consolidated financial statements….……………...………………………………………………………12……………………………………………………………………………10(Notes regarding going concern assumptions)………………..……………………………….……………………………12(Changes in accounting policy)…………………………………………………………………….……….…………………12(Segment Information) ……………………………………………..………………………………….………………………12(Per Share Information) ………………………………………………………………………………….……………………13(Significant subsequent events)……………………………………...…………………………………….…………………13-1-

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

１．Qualitative Information Regarding Results for the Period(1) Overview of operating results for the fiscal year ended September 30, 2023
Forward-looking statements in this document reflect GMO Financial Gate Group (GMO-FG) judgements as of the endof the fiscal year ended September 30, 2023.
Financial results for the fiscal year ended September 30, 2023 (October 1, 2022 to September 30, 2023) are as
follows.
(Unit: Thousand Yen)

Revenue

FY2023(October 1, 2021

(October 1, 2022

to September 30, 2022)

to September 30, 2023)

YoY Change(%)

10,295,454

15,909,069

54.5

Operating profit

740,527

1,120,324

51.3

Ordinary profit

745,831

1,114,159

49.4

472,523

746,433

58.0

Profitattributableowners of parenta.

FY2022

toRevenue
Revenue at GMO-FG reached ¥15,909,069 thousand (up 54.5% YoY).
Revenue for the fiscal year ended September 30, 2023 exceeded the upwardly revised plan released on August
9, 2023 due to the waning impact of COVID-19 and the recovery of inbound tourism following the reopening ofborders as well as strong growth in the number of newly installed and active payment terminals.
The next-generation payment terminal Stera continued to make a large contribution to sales of payment terminals,
which account for most of initial sales. Revenue showed solid growth thanks to the smooth progress in large
projects related mainly to postal offices which have been ongoing since October 2022 as well as contributions
from small and medium-sized projects such as with sole proprietorship restaurants, clinics and beauty salons.
Recurring-model revenue, consisting of stock, fee and spread revenues, also showed solid growth due toincreased initial sales and a steady increase in the number of active terminals. We acquired member merchantsby accommodating diversifying cashless payment needs such as by developing and introducing functions toallow payment with points issued by member merchants and to grant points, introducing self-checkout registers
for labor-saving and unattended operation, and sharing sales data; and as a result, the number of active
terminals and the number and amount of payments processed increased. Spread revenue, which had previously
shown slower growth than other recurring-model revenues, also recovered to the level at which it showed a YoY
increase of over 20% following the implementation of various initiatives.

-2-

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Revenue by business model for the fiscal year ended September 30, 2023 is as follows. Recurring-model
revenue consists of stock, fee and spread revenues, and figures in parentheses represent a breakdown ofrecurring-model revenue.
(Unit: Thousand Yen)FY2022

FY2023Rate of(October 1, 2021

(October 1, 2022

Changeto September 30, 2022)

to September 30, 2023)

7,162,832

11,116,720

55.2

Recurring-model

3,132,621

4,792,348

53.0

Stock

(865,597)(1,243,892)(43.7)

Fee(1,316,944)(2,396,603)(82.0)(950,080)(1,151,852)(21.2)

10,295,454

15,909,069

54.5

Spread
Total

b.

(%)

InitialOperating profit
Operating profit reached ¥1,120,324 thousand (up 51.3% YoY).
While the profitability of sales of payment terminals which exceeded the plan is low, an increase in gross profit
contributed to the growth of operating profit. Increase in the number of active terminals and the number andamount of payments processed, the source of the high-margin recurring-model revenue, also contributed to solid
growth of operating profit. In line with the strong growth in revenue, we recorded selling, general andadministrative expenses in excess of the plan, consisting mainly of growth investments for employment of new
employees to support growth, increased wages for officers and employees and corporate infrastructure. At thesame time, we ensured to contain these growth investments within a reasonable range with an eye on solid profit
growth; and as a result, we were able to record operating profit exceeding the upwardly revised plan disclosed on
May 11, 2023.

c.

Ordinary profit
Ordinary profit reached ¥1,114,159 thousand (up 49.4% YoY).

d.

Profit attributable to owners of parent
Profit attributable to owners of parent reached ¥746,433 thousand (up 58.0% YoY).
The difference with the rate of growth of ordinary profit is a result of using the tax incentives to encourage wage
increase resulting in lower-than-expected corporate income taxes.

-3-Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

(2) Overview of financial position as of September 30, 2023
(Assets)
As of September 30, 2023, current assets increased by ¥2,503,151 thousand from the previous fiscal year to¥7,519,209 thousand. This was mainly because cash and cash equivalents increased ¥1,496,496 thousand,merchandise increased ¥889,333 thousand as we increased the payment terminal inventory to a certain levelbased on the sales forecast, and trade accounts receivable increased ¥289,874 thousand due to strong sales of
payment terminals. Non-current assets increased ¥135,074 thousand from the previous fiscal year to ¥1,757,031
thousand due mainly to increases in deferred tax assets of ¥99,778 thousand and in software of ¥72,792
thousand despite a decrease in goodwill of ¥44,438 thousand.
As a result, total assets increased ¥2,624,226 thousand from the previous fiscal year to ¥9,262,240 thousand.
(Liabilities)
As of September 30, 2023, current assets increased ¥676,072 thousand from the previous fiscal year to¥2,604,857 thousand. This was mainly because accounts payable increased ¥260,626 thousand, deposits
received increased ¥202,319 thousand and allowance for employees’ bonuses increased ¥151,260 thousand.
Non-current liabilities increased ¥1,503,016 thousand from September 30, 2022 to ¥1,541,587 thousand mainly
due to an increase in long term borrowing of ¥1,500,000 thousand.
As a result, total liabilities increased ¥2,179,088 thousand from the previous fiscal year to ¥4,146,445 thousand.
(Net assets)
As of September 30, 2023, total net assets increased ¥445,137 thousand from the previous fiscal year to¥5,115,795 thousand. This was mainly because retained earnings increased ¥746,433 thousand due to recordingof profit attributable to owners of parent while retained earnings decreased ¥239,539 thousand due to distributionof dividend from surplus and treasury stock increased ¥120,902 thousand.

(3) Overview of cash flows for the fiscal year ended September 30, 2023
As of September 30, 2023, cash and cash equivalents (“cash”) increased ¥1,616,496 thousand from the previous
fiscal year to ¥4,003,682 thousand. A summary of cash flows from each activity for the fiscal year ended September
30, 2023 is as follows.
(Cash flows from operating activities)
Net cash provided by operating activities was ¥869,675 thousand (net cash used of ¥212,184 thousand for the
fiscal year ended September 30, 2022). While cash decreased due to an increase in inventory of ¥889,293
thousand, cash increased mainly due to recording of profit before income taxes of ¥1,099,844 thousand andincreases in trade payables of ¥260,626 thousand and in deposits received of ¥202,319 thousand.
(Cash flows from investing activities)
Net cash used in investing activities was ¥533,707 thousand (net cash used of ¥531,214 thousand for the fiscal
year ended September 30, 2022) mainly because cash decreased due to purchase of intangible fixed assets of¥441,460 thousand and purchase of property, plant and equipment of ¥62,231 thousand.
(Cash flows from financing activities)
Net cash provided by financing activities was ¥1,280,529 thousand (net cash used of ¥303,036 thousand for the
fiscal year ended September 30, 2022) mainly because cash increased due to proceeds from long term borrowingof ¥1,500,000 thousand.

-4-Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

(4) Future outlook
During the three months ended September 30, 2023, there was the spread of new COVID-19 variants andunseasonal influenza, but we believe its impact on the offline payment market in which we operate was limited.
Meanwhile, the cooling stock market as a result of tightening monetary policy adopted by a number of countries todeal with a rapid increase in prices of a wide range of products, sudden fluctuations in foreign exchange rates, anduncertain economic prospects. The outlook of the Japanese economy also remains uncertain as the Ukraine situation
remains unstable and the situation in the Middle East is becoming tense. Although prospects remain uncertain, in theoffline cashless payment market in which the Group operates, the number of member merchants adopting the
cashless payment is on the rise due to government-led promotion and diversifying payment methods. Under suchenvironment, the Group aims to focus on sales of payment terminals meeting the needs of member merchants,
enhancement of payment processing centers, and acquisitions of new member merchants and alliance partners tocontinue medium and long-term growth in revenue and operating profit.
Consolidated financial forecast for the fiscal year ending September 30, 2024 is revenue of ¥19,200 million (up 20.7%
YoY), operating profit of ¥1,410 million (up 25.9% YoY), ordinary profit of ¥1,392 million (up 24.9% YoY) and profit
attributable to owners of parent of ¥859 million (up 15.1% YoY).

(5) Basic policy on profit distribution and dividends for the current and next fiscal year
Recognizing shareholder returns as one of its important management issues, the Company aims for stable andcontinuous payment of dividends in comprehensive consideration of financial results and adequate internal reserves
to meet capital needs for business expansion.
The year-end dividend for the fiscal year ended September 30, 2023 was upwardly revised to ¥39 per share in theannouncement made on May 11, 2023 but will be further increased by ¥7 yen to ¥46 per share as the financial results
for the fiscal year ended September 30, 2023 exceeded the disclosed forecast. (Note)
The dividends for the fiscal year ending September 30, 2024 are forecast to be ¥52 per share based on our strong
business plan with an aim to further enhance shareholder returns by paying higher dividends than the current fiscal
year and increase medium and long-term corporate value.
(Note) To be resolved at the Company’s Board of Directors meeting scheduled to be held on November 20, 2023.

2. Basic Concept Regarding Selections of Accounting Standards
The Group will prepare its consolidated financial statements under Japanese GAAP for the moment in consideration ofcomparability between periods and with other companies.

-5-Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

3. Consolidated financial statements and Major Notes(1) Consolidated balance sheet(Unit: Thousand Yen)
End of FY2022(September 30, 2022)

End of FY2023(September 30, 2023)

AssetsCurrent assets
Cash and cash equivalents
Trade accounts receivable
Merchandise
Other financial assets

2,519,185
630,851

4,015,682
920,725

1,506,845
362,240

2,396,179
181,151△3,065△8,5295,016,057

7,505,209

79,68584,575

Software989,279

1,062,072

Software in progress

103,872
85,621

117,035
42,810

Other intangible fixed assets

177,753
60

133,31560

Total intangible fixed assets

1,356,587

1,355,293

Lease deposits

47,80147,033Bankruptcy rehabilitation claims

1,021
137,863

1,043
237,641

Allowance of doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible fixed assets

Customer-related assets
Goodwill

Investments and other assets

Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

-6-

19

32,486△1,021△1,043

185,683

317,161

1,621,956

1,757,031

6,638,014

9,262,240

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.
(Unit: Thousand Yen)
End of FY2022(September 30, 2022)

End of FY2023(September 30, 2023)

Liabilities
Current liabilities
Accounts payable
Income taxes payable
Contract liabilities
Deposits received
Allowance for employees’ bonuses
Allowance for directors’ bonuses

814,649
253,018

1,075,275
201,123

34,343
173,421

89,224
375,741

241,500
59,300392,760
107,576

Other current liabilities

352,552

363,157

Total current liabilities

1,928,785

2,604,857－
166

1,500,000
4,524

11,977
26,217

23,954
13,108Non-current liabilities
Long term debt
Provision for employee stock ownership plan trust
Provision for management board benefit trust
Deferred tax liabilities
Other non-current liabilities

210－

Total non-current liabilities

38,571

1,541,587

1,967,356

4,146,445

Capital stock
Capital surplus

1,617,987
1,631,098

1,629,932
1,643,043

Retained earnings
Treasury stock

1,257,124

1,764,019△2,627△123,529

Total shareholders’ equity

4,503,581

4,913,464

Total liabilities
Net assets
Shareholders’ equity

Non-controlling interests
Total net assets
Total liabilities and net assets-7-

167,075

202,330

4,670,657

5,115,795

6,638,014

9,262,240

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

(2) Consolidated statement of income and consolidated statement of comprehensive income
Consolidated statement of income(Unit: Thousand Yen)FY2022(October 1, 2021
to September 30, 2022)

FY2023(October 1, 2022
to September 30, 2023)

Cost of revenue

10,295,454
7,527,314

15,909,069
12,003,608

Gross profit

2,768,140

3,905,460

Directors' compensations

135,648

128,460

Salaries and allowances

490,491
241,500

578,804
392,760

166
59,3004,357
107,576

11,97744,438

11,97744,438Other selling, general and administrative expenses

1,044,091

1,516,761

Total selling, general and administrative expenses

2,027,612

2,785,136

740,527

1,120,324

23

25

Other non-operating income

6,071
104

－
181

Total non-operating income

6,198

206

894

6,339

Revenue

Selling, general and administrative expenses

Provision for employee bonuses
Provision for employee stock ownership plan trust
Provision for directors' bonuses
Provision for management board benefit trust
Amortization of goodwill

Operating profit
Non-operating income
Interest income
Receipt cancellation reimbursement

Non-operating expense
Interest expense
Other non-operating expense

032

Total non-operating expense

894

6,372

745,831

1,114,159

Loss on retirement of non-current assets－

14,314

Total extraordinary loss－

14,314

Profit before income taxes

745,8311,099,844

Income tax expenses

347,245

431,043

Deferred income taxes△81,374△112,887

Total income taxes

265,871

318,156

Net Profit

479,959

781,6887,436

35,254

472,523

746,433

Ordinary profit
Extraordinary loss

Profit attributable to non-controlling shareholders
Profit attributable to owners of parent-8-Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Consolidated statement of comprehensive income
FY2022(October 1, 2021
to September 30, 2022)(Unit: Thousand Yen)FY2023(October 1, 2022
to September 30, 2023)

Profit479,959

781,688

Comprehensive income

479,959

781,688472,523
7,436

746,433
35,254(Breakdown)Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling shareholder-9-Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

(3) Consolidated statement of changes in equity
Previous fiscal year (October 1, 2021 to September 30, 2022)(Unit: Thousand Yen)
Shareholders’ equity
CapitalBalance at beginningof period
Changes during theperiodExercise of stock
options

Capital surplus

1,605,446

1,618,557

12,54012,540△1,252

994,020△209,419

Dividends of surplus
Acquisitionoftreasury stock
Profit attributable tothe owners of parents
Changes during theperiod of items otherthanshareholders'equity, Net
Total
of changes
during the period
Balance at end of
periodRetainedearnings

Profitattributable toTotal of
Total net asset
Treasury stock shareholders’ non-controllingshareholder
equity△1,375472,523

4,216,771

159,639

4,376,410

25,08025,080△209,419△209,419△1,375△1,375472,523472,523

7,436

7,436

12,54012,540263,104△1,375286,8107,436

294,246

1,617,987

1,631,098

1,257,124△2,627

4,503,581

167,075

4,670,657

Current fiscal year (October 1, 2022 to September 30, 2023)(Unit: Thousand Yen)
Shareholders’ equity
CapitalBalance at beginningof period
Changes during theperiodExercise of stock
options

Capital surplus

1,617,987

1,631,098

11,945

11,945

1,257,124△2,627△239,539

Dividends of surplus
Acquisitionoftreasury stock
Profit attributable tothe owners of parents
Changes during theperiod of items otherthanshareholders'equity, Net
Total
of changes
during the period
Balance at end of
periodRetainedearnings

Profitattributable toTotal of
Total net asset
Treasury stock shareholders’ non-controllingshareholder
equity△120,902
746,433

4,503,581

167,075

4,670,657

23,89023,890△239,539△239,539△120,902△120,902

746,433

746,433

35,25435,254

11,945

11,945506,894△120,902

409,882

35,254445,137

1,629,932

1,643,043

1,764,019△123,529

4,913,464

202,330

5,115,795- 10 -

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

(4) Consolidated statement of cash flows(Unit: Thousand Yen)FY2022
FY2023(October 1, 2021
(October 1, 2022
to September 30, 2022) to September 30, 2023)
Cash flows from operating activities

Profit before income taxes

745,8311,099,844

Depreciation
Amortization of goodwill

317,153
44,438385,706
44,438

Increase(decrease) in allowance for employees’ bonuses
Increase(decrease) in allowance for directors’ bonuses

151,767
39,300151,260
48,276

166

4,357

11,977

11,977

Increase(decrease) in provision for share-based remuneration
Increase(decrease) in provision for share-based remuneration for
directors
Increase(decrease) in allowance for doubtful accounts
Loss on retirement of non-current assets
Receipt cancellation reimbursement
Interest income
Interest expense

8

5,486

－
△6,071

14,314

△23
894

△25
6,339

△109,016
108,054－

Increase(decrease) in deposits received△277,659△956,044△289,874△889,293
260,626
202,319

Other, net△48,041

305,490

Subtotal

22,733

1,361,245

23

25

△894
6,071

△6,339Decrease(increase) in trade accounts receivables
Decrease(increase) in inventories
Increase(decrease) in trade payables

Interest income received
Interest expense paid
Income taxes paid

△240,118－△489,017

Net cash provided by (used in) operating activities△212,184

865,913

Proceeds from receipt cancellation reimbursement

Cash flows from investing activities
Purchase of property, plant and equipment△14,481△62,231

Purchase of intangible fixed assets△492,538△24,155△437,698－△37△30,015△531,214△529,945

25,080

Payment of office lease deposits
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities－

23,8901,500,000

Payments of money hold in trust for purchase of treasury stock△1,375△132,000△1,137△2,232

Dividend paid
Other, net△188,449△6,292△239,539△452

Proceeds from share issuance by exercising stock options

Proceeds from long term borrowing
Purchase of treasury shares△303,036

1,280,529

Net increase(decrease) in cash and cash equivalents△1,046,434

1,616,496

Cash and cash equivalents at the beginning of period

3,433,620

2,387,185

Cash and cash equivalents at the end of period

2,387,185

4,003,682

Net cash provided by (used in) financing activities- 11 -

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

(5) Notes regarding consolidated financial statements(Notes regarding the going concern assumptions)Not applicable(Application of accounting standard for fair value measurement, etc.)
The "Accounting Standard for Calculation of Fair Value" (ASBJ Statement No. 30, July 4, 2019. Hereinafter referred
to as "Accounting Standard for Calculation of Fair Value") The "Accounting Standard for Calculation of Fair Value"(ASBJ Statement No. 30, July 4, 2019) and the "Accounting Standard for Calculation of Fair Value" (ASBJ Statement
No. 30, July 4, 2019) are applied from the beginning of the current fiscal year, and the transitional treatmentprescribed in Paragraph 19 of the Accounting Standard for Calculation of Fair Value and Paragraph 44-2 of the"Accounting Standard for Financial Instruments" (ASBJ Statement No. 10, July 4, 2019) is applied. In accordancewith the treatment, the new accounting policy stipulated by the fair value accounting standard will be applied
prospectively. There is no impact on the consolidated financial statements.
(Segment Information)
The Group's business segment consists of a single segment, face-to-face payment services only, and therefore
segment information is omitted.

- 12 -

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

(Per share information)
FY2022(October 1, 2021
to September 30, 2022)

FY2023(October 1, 2022
to September 30, 2023)

Net assets per share545.23 Yen

592.97 Yen

Earnings per share

57.32 Yen

90.25 Yen

Diluted earnings per share

56.70 Yen

89.74 Yen

(Notes) 1. The Company has introduced a stock benefit trust (BBT and J-ESOP). The Company's shares held by such stock benefit trusts
are recorded as treasury stock in the consolidated financial statements. The number of the Company's shares owned by thesaid stock benefit trust is deducted from the number of outstanding shares of common stock at the end of the period for the
purpose of calculating net assets per share and the average number of common stock during the period for the purpose of
calculating net income per share and diluted net income per share (previous consolidated fiscal year: None; current
consolidated fiscal year: 18,800 shares). 18,800 shares).
2. On January 17, 2023, the Company conducted a 2-for-1 stock split of common shares. Accordingly, net assets per share, net
income per share, and diluted net income per share are calculated on the assumption that the stock split was conducted at the
beginning of the previous fiscal year.
3. Basis for calculation of net income per share and diluted net income per share is as follows.
FY2022
FY2023(October 1, 2021
(October 1, 2022
to September 30, 2022)
to September 30, 2023)
Earnings per share

472,523

746,433

Amounts not attributable to common shareholders(Thousand yen)－－

Profit attributable to owners of parent related to common
stock (Thousand yen)

472,523

746,433

8,244,136

8,270,541－－

90,22047,160（90,220）（47,160）

Profit attributable to owners of parent (Thousand yen)

Average number of common stock during the period

Diluted earnings per share
Deferred Profit(Thousand yen)

attributabletoownersofparentNumber of increase in common stock(Contribution from stock option)

Summary of potential shares not included in thecalculation of diluted net income per share due to theabsence of dilutive effects.

―(Significant subsequent events)
Not applicable- 13 -―