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, 2022
(Based on Japanese GAAP)
November 14, 2022
Name of listed company GMO Financial Gate, Inc.
Exchange
Tokyo Stock Exchange Growth
Stock code:
4051
URL: https://gmo-fg.com/
Representative: Kentaro Sugiyama President & Chief Executive Officer
Tomoki Tamai
Senior Executive Officer
Contact:
Tel: +81-3-6416-3881& Administrative Division Executive Officer
Scheduled date of annual
Scheduled date of commencement
December 16, 2022
December 19, 2022
general meeting of shareholders
for dividend payment
Scheduled date of filing annual
December 19, 2022
securities report
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, 2022
(From October 1, 2021 to September 30, 2022)(1) Consolidated Financial Statements (Cumulative)(Percentages represent year over year % change)
Revenue

Operating profit

Mil.Yen%

FY 2022
10,295FY 2021
7,089(*) Comprehensive profit FY2022

Profit attributable toowners of parent

Ordinary profit

Mil.Yen

%

45.2
740
92.0
589
479 Mil.Yen (28.7%)

25.7
30.1

Mil.Yen

%

745
20.4
619
44.5
FY2021 372 Mil.Yen (46.5%)

Basic earnings per Diluted earnings per
Return on
Ordinary profit to
share
share
shareholders’ equity
total assets
Yen

Yen

FY 2022114.63113.39FY 2021101.9898.81(Note) Share of profit of entities accounted for using equity method

Mil.Yen

%

472
411

14.9
41.0

Operating profit torevenue

%

%

%

10.8
10.2
FY2022

10.8
9.3

7.2
8.3
－Mil.Yen－Mil.YenFY2021(2) Consolidated Financial Position
Total assets

Net assets
Mil.YenFY2022
FY2021(Note) Equity Capital

Net assets per share

Mil.Yen

6,638
7,136
4,503Mil.Yen

FY2022Equity ratio
4,670
4,376
FY2021

%

Yen

67.8
59.1

1,090.46
1,026.91

4,216Mil.Yen(3) Consolidated Cash Flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash equivalents
at the end of period

Mil.YenMil.YenMil.YenMil.Yen

(212)
957

(531)
(465)

(303)
(3)

2,387
3,433

FY2022
FY2021

2. Dividends
Annual Dividend
Total

Total
Payout ratio
dividends (Consolidated)

Dividends
to netassetsEnd of Q1

End of Q2

End of Q3

End of Q4

Yen

Yen

Yen

Yen

Yen

Mil.Yen

%

%

－
－
－

0.00
0.00
0.00

－
－
－

51.00
58.00
71.00

51.00
58.00
71.00

209
239

50.0
50.6
50.6

5.1
5.5

FY2021
FY 2022
FY2023 (forecast)(Consolidated)

3. Consolidated Financial Forecast for the Fiscal Year Ending September 2023
(October 1, 2022 to September 30, 2023)(Percentages represent quarter over quarter / year over year % change)
Profit attributable to Basic earnings per
Operating profit
Ordinary profit
owners of parent
share

Revenue
Q2 FY2023(Cumulative)
FY2023(Full year)

Mil.Yen%Mil.Yen%Mil.Yen%Mil.Yen

%

Yen

6,115

36.9

453

22.2

452

22.0

283

21.0

68.59

12,470

21.1

930

25.6

928

24.4

580

22.8

140.451

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:- (Name:No) ; Number of excluded subsidiaries: (Name(2) 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(3) Number of shares issued (common stock)[1] Number of shares issued at the end of the term(including treasury stock)

FY2022

4,130,110

FY2021

4,106,320[2] Number of treasury shares at the end of the term

FY2022126

FY2021

65[3] Average number of shares during the term

FY2022

4,122,068

FY2021

4,034,047(Note)

Non-consolidated Financial Statements for the Fiscal Year Ended September 30, 2022
(From October 1, 2021 to September 30, 2022)(Percentages represent year over year % change)(1) Non-consolidated operating results
Revenue
FY2022
FY2021

Operating profit

Net profit%

Mil.Yen%Mil.Yen%Mil.Yen

%

9,735
6,705

45.2
98.4

528
535

(1.3)
19.7

532
759

(29.9)
78.2

354
579

(38.8)
95.2

Earnings per share
FY2022
FY2021

Ordinary profit

Mil.Yen

Diluted earnings per
share

Yen

Yen

86.00
143.5785.07
139.11(2) Non-consolidated financial position
Total assets

Net assets
Mil.YenFY20226,281
FY2021
6,946(Note) Shareholders’ equity FY2022
4,487Mil.Yen**

Equity ratio
Mil.Yen

4,487
4,318
FY2021

Net assets per share
%

Yen

71.4
62.2
4,318Mil.Yen

1,086.63
1,051.80

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 the company at the time of preparation and on certain assumptions deemed reasonable
by the company. Forward-looking statements are not intended 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 toearnings 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.

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.

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

Overview of operating results for the fiscal year ended September 30, 2022………………………………2(2)

Overview of financial position as of September 30, 2022…………………………………………………3(3)

Overview of cash flows for the fiscal year ended September 30, 2022……………………………………4(4)

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

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

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

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

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

Consolidated statement of changes in equity(4)

Consolidated statement of cash flows(5)

Notes regarding consolidated financial statements …………………………………………………………12……………………………………………………………10………………………………………………………………………11(Notes regarding the going concern assumptions)(Changes of accounting policy)…………………………………………………………12………………………………………………………………………………12(Segment Information) …………………………………………………………………………………………12(Per Share Information) …………………………………………………………………………………………13(Significant subsequent event)………………………………………………………………………………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, 2022
Forward-looking statements in this document reflect GMO Financial Gate Group judgements as of the end of the
fiscal year ended September 30, 2022.
Financial results for the fiscal year ended September 30, 2022 (October 1, 2021 to September 30, 2022) are as
follows.
(Unit: Thousand Yen)FY2021(October 1, 2020
to September 30, 2021)

FY2022(October 1, 2021
to September 30, 2022)

Rate of Change(%)

7,089,506

10,295,454

45.2

Operating profit

589,336

740,527

25.7

Ordinary profit

619,341

745,83120.4

411,378472,523

14.9

Revenue

Profit attributable to ownersof parenta.

Revenue
We recorded revenue of ¥10,295,454 thousand (up 45.2% year on year).
Revenue for the fiscal year ended September 30, 2022 exceeded the plan set at the beginning of the period andthe upwardly revised plan released on August 8, 2022 due to increased number of newly installed payment
terminals and active terminals despite the impact of COVID-19.
Sales of stera terminals continued to contribute to sales of payment terminals which account for most of initial sales.
We were able to steadily increase initial sales by improving sales activities and the internal control related to
payment terminal shipping as risk control measures to prevent the impact of concerns over the payment terminal
supply chain including the semiconductor shortage.
Stock-model-revenue, consisting of stock, fee and spread revenues, steadily increased despite the impact of
COVID-19. We acquired member merchants by accommodating diversifying cashless payment needs such as byproviding supports for points issued by member merchants, self-checkout registers introduced for labor-saving andunattended operation, and data sharing. As a result of these efforts, the number of active terminals and the number
and amount of payments processed increased, contributing to a steady growth of stock-model revenue.
During the three months ended March 31, 2022 and September 30, 2022, the amount of payments processed bymember merchants in certain sectors such as restaurants decreased due to the spread of COVID-19, but theamount by all member merchants is on a recovery trend as the economic activities are gradually resuming. Also,
the recognition of cashless payment as a safe payment method in terms of preventing virus infections contributed
to continued expansion of offline cashless payment market in the fiscal year ended September 30, 2022 as well as
the growth of stock-model revenue of the Company.

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, 2022 is as follows. Figures in parenthesis area breakdown of stock-model revenue.
(Unit: Thousand Yen)FY2022(October 1, 2021
Ratio (%)
to September 30, 2022)
Initial7,162,832

69.6

Stock-model (total of stock, fee and spread)

3,132,621

30.4

Stock

(865,597)

(8.4)

Fee

(1,316,944)(12.8)(950,080)(9.2)

10,295,454

100.0

SpreadTotalb.

Operating profit
We recorded operating profit of ¥740,527 thousand (up 25.7% year on year). While the profitability from sale ofstera terminals which drove a revenue increase is not high, increases in the number and amount of payments
processed, the source of high-margin stock-model revenue, contributed to steady growth of operating profit. We
also recorded selling and general administrative expense in excess of the plan set at the beginning of the fiscal
year in line with the strong growth in revenue, including costs for infrastructure, recruiting and return to officers andemployees, but we were able to contain these costs within a reasonable range, and as a result, we were able toachieve the operating profit plan.

c.

Ordinary profit
We recorded ordinary profit of ¥745,831 thousand (up 20.4% year on year). A major cause of the variance between
the operating profit growth rate is that cancellation fees received and surrender value of insurance policies wererecorded in non-operating income in the fiscal year ended September 30, 2021.

d.

Profit attributable to owners of parent
We recorded profit attributable to owners of parent of ¥472,523 thousand (up 14.9% year on year). GMO DATA,
Inc., our consolidated subsidiary in which we hold a 51% stake, had recorded loss until the fiscal year ended
September 30, 2021, and the reversal of loss attributable to non-controlling shareholder (loss attributable to 49%
stake) resulted in an increase in profit attributable to owners of parent. The company recorded profit for the fiscal
year ended September 30, 2022, and profit attributable to 51% stake is included in profit attributable to owners ofparent.

(2) Overview of financial position as of September 30, 2022
(Assets)
As of September 30, 2022, current assets decreased ¥773,520 thousand from September 30, 2021 to ¥5,016,057
thousand. This was mainly because merchandise decreased ¥108,000 thousand due to strong sales of payment
terminals and cash and cash equivalents decreased ¥914,434 thousand as a result of shortening the deposit cycle
applicable to merchants in a bid to enhance our competitive advantage in the offline cashless payment market.
Non-current assets increased ¥275,415 thousand from September 30, 2021 to ¥1,621,956 thousand due mainly to
an increase in software of ¥342,395 thousand despite decreases in goodwill of ¥44,438 thousand and in customerrelated assets of ¥42,810 thousand due to amortization.
As a result, total assets decreased ¥498,105 thousand from September 30, 2021 to ¥6,638,014 thousand.

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.

(Liabilities)
As of September 30, 2022, current liabilities decreased ¥790,896 thousand from September 30, 2021 to ¥1,928,785
thousand. This was mainly because accounts payable and deposits received decreased ¥257,113 thousand and¥956,044 thousand, respectively, despite increases in accounts receivable of ¥108,991 thousand, allowance forbonuses of ¥151,767 thousand and income taxes payable of ¥108,852 thousand. Non-current liabilities decreased¥1,455 thousand from September 30, 2021 to ¥38,571 thousand mainly due to a decrease in deferred tax liabilitiesof ¥13,108 thousand despite an increase in allowance for stock compensation plan for officers.
As a result, total liabilities decreased ¥792,352 thousand from September 30, 2021 to ¥1,967,356 thousand.
(Net assets)
As of September 30, 2022, total net assets increased ¥294,246 thousand from September 30, 2021 to ¥4,670,657
thousand. This was mainly because retained earnings increased ¥472,523 thousand due to recording of profit
attributable to owners of parent while retained earnings decreased ¥209,419 thousand due to distribution ofdividend from surplus.

(3) Overview of cash flows for the fiscal year ended September 30, 2022
As of September 30, 2022, cash and cash equivalents (“cash”) decreased ¥1,046,434 thousand from September 30,
2021 to ¥2,387,185 thousand.
A summary of cash flows from each activity for the fiscal year ended September 30, 2022 is as follows.
(Cash flows from operating activities)
Net cash used by operating activities was ¥172,428 thousand (net cash provided of ¥957,075 thousand for the
fiscal year ended September 30, 2021). While cash increased due to recording of profit before income taxes of¥745,831 thousand and depreciation of ¥322,577 thousand, cash decreased due mainly to decreases in deposits
received of ¥956,044 thousand and trade payables of ¥257,113 thousand.
(Cash flows from investing activities)
Net cash used in investing activities was ¥570,969 thousand (net cash used of ¥465,672 thousand for the fiscal
year ended September 30, 2021) mainly because cash decreased due to purchase of intangible fixed assets of¥530,206 thousand.
(Cash flows from financing activities)
Net cash used in financing activities was ¥303,036 thousand (net cash used of ¥3,810 thousand for the fiscal year
ended September 30, 2021) mainly because cash decreased due to contribution to trust of ¥132,000 thousand andpayments of dividend of ¥188,449 thousand while cash increased due to proceeds from issuance of shares throughexercise of share options of ¥25,080 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
While COVID-19 continues to run rampant with new daily cases marking a record high amid the seventh wave,
there is a movement toward normalization of economic activities such as relaxation of border controls on foreign
tourists. Meanwhile, there are a cooling stock market as a result of the tight monetary policy adopted by a numberof countries to deal with a rapid increase in prices of a wide range of products, sudden fluctuations in foreignexchange rates, and uncertain economic prospect. And factors such as geopolitical risk resulting from the Ukraine
situation are also increasing the uncertainty over the outlook of the Japanese economy in an unprecedented
manner. In the offline cashless payment market in which the Group operates, the number of member merchants
adopting the cashless payment is on the rise against a backdrop of the government-led promotion and diversifying
payment methods as well as a shift to safe payment methods amid the prolonged COVID-19 crisis. 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, 2023 is revenue of ¥12,470 million (up21.1% year-on-year), operating profit of ¥930 million (up 25.6% year-on-year), ordinary profit of ¥ 928 million (up24.4% year-on-year) and profit attributable to owners of parent of ¥580 million (up 22.8% year-on-year).

(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, 2022, which was forecast to be ¥57 per share in the“Summary of Consolidated Financial Statements for the Fiscal Year Ended September 30, 2021” dated November
11, 2021, will be increased by ¥1 yen to ¥58 per share as the financial results for the fiscal year ended September
30, 2022 exceeded the disclosed forecast. (Note)
The dividends for the fiscal year ending September 30, 2023 are forecast to be ¥71 per share based on our strong
business plan with an aim to further enhance shareholder return 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 21, 2022.

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 FY2021(September 30, 2021)

End of FY2022(September 30, 2022)

AssetsCurrent assets
Cash and cash equivalents

3,433,620

2,519,185Trade accounts receivable

521,859

630,851

1,614,846

1,506,845

222,334

362,240

Merchandise
Other financial assets
Allowance of doubtful accounts(3,082)(3,065)5,789,578

5,016,057

60,281

79,685

Software646,884

989,279

Software in progress

192,938

103,872

Customer-related assets

128,432

85,621

Goodwill

Total current assets
Non-current assets
Property, plant and equipment
Intangible fixed assets

222,192

177,753

Other intangible fixed assets

2,549

60

Total intangible fixed assets

1,192,997

1,356,587

23,64547,801

Investments and other assets
Lease deposits
Bankruptcy rehabilitation claims
Deferred tax assets
Other investments and other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

6

995

1,021

69,597

137,863

19

19

(995)

(1,021)

93,262

185,683

1,346,541

1,621,956

7,136,119

6,638,014

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 FY2021(September 30, 2021)

End of FY2022(September 30, 2022)

Liabilities
Current liabilities
Account payable
Income taxes payable

1,092,309

814,649

144,166

253,018

Contract liabilities－

34,343

Deposits received

1,129,466

173,42189,733

241,500

Allowance for employees’ bonuses
Allowance for directors’ bonuses

20,00059,300

Other current liabilities

244,006

352,552

Total current liabilities

2,719,682

1,928,785－

166

Non-current liabilities
Provision for employee stock ownership plan trust
Provision for management board benefit trust
Deferred tax liabilities－

11,97739,326

26,217

Other non-current liabilities

700

210

Total non-current liabilities

40,026

38,5712,759,709

1,967,356

Capital stock

1,605,446

1,617,987

Capital surplus

1,618,557

1,631,098

Retained earnings

994,020

1,257,124

Treasury stock(1,252)(2,627)

4,216,771

4,503,581

Total liabilities
Net assets
Shareholders’ equity

Total shareholders’ equity
Non-controlling interests
Total net assets
Total liabilities and net assets

7

159,639

167,075

4,376,410

4,670,657

7,136,119

6,638,014

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)FY2021(October 1, 2020
to September 30, 2021)

FY2022(October 1, 2021
to September 30, 2022)

Revenue

7,089,506

10,295,454

Cost of goods sold5,068,985

7,527,314

Gross profit

2,020,521

2,768,140

Directors' compensations

134,276

135,648

Salaries and allowances

398,166

490,491

Provision for employee bonuses

89,733

241,500－

166

20,00059,300－11,977

Selling, general and administrative expenses

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

44,43844,438Other selling, general and administrative expenses

744,570

1,044,091

Total selling, general and administrative expenses

1,431,185

2,027,612

589,336

740,527

Operating profit
Non-operating income
Interest income

72

23

Cancellation fee received

17,400－Receipt cancellation reimbursement

10,909

6,071

Other non-operating income

1,777

104

Total non-operating income

30,158

6,198

151

894

Non-operating expense
Interest expense
Other non-operating expense

20

Total non-operating expense

153

894

619,341

745,831

Loss on retirement of non-current assets

898－

Total extraordinary loss

898－

Profit before income taxes

618,442

745,831

Corporation income tax, resident tax, business tax

267,067

347,245

Corporation income taxes deferred(21,409)(81,374)

Total corporation income taxes

245,657

265,871

Profit372,784

479,959

Profit attributable to non-controlling shareholder(38,593)

7,436

Profit attributable to owners of parent

411,378472,523

Ordinary profit
Extraordinary loss

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(Unit: Thousand Yen)FY2021
FY2022(October 1, 2020
(October 1, 2021
to September 30, 2021) to September 30, 2022)
Profit372,784

479,959

Comprehensive income

372,784

479,959

Comprehensive income attributable to owners of parent

411,378472,523

Comprehensive income attributable to non-controlling shareholder△38,593

7,436(Breakdown)

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, 2020 to September 30, 2021)(Unit: Thousand Yen)
ProfitShareholders’ equity
attributable
Total of
Stock option
to nonCapital
Retained
Treasuryshareholders’controlling
surplusearnings
stock
equityshareholder

Total net
asset

1,533,123

1,546,234

4,018,167

72,32372,323

CapitalBalance at beginningof period
Changes during theperiodExercise of stock
options
Dividends of surplus
Acquisition of treasury
stock
Profit attributable to theowners of parents
Changes during theperiod of items otherthan shareholders'equity, Net
Total of changes
during the period
Balance at end of
period740,576－(157,934)(1,252)
411,378

3,819,934

0

198,233

144,646

144,646(157,934)(157,934)(1,252)(1,252)

411,378

411,378(0)(38,593)(38,593)

72,32372,323

253,443(1,252)396,837(0)(38,593)358,243

1,605,446

1,618,557

994,020(1,252)

4,216,771－

159,639

4,376,410

Current fiscal year (October 1, 2021 to September 30, 2022)(Unit: Thousand Yen)
Shareholders’ equity

Balance at beginningof period
Changes during theperiodExercise of stock
options

CapitalCapitalsurplus1,605,446

1,618,557

12,54012,540

Dividends of surplus
Acquisitionoftreasury stock
Profit attributable totheownersofparents
Changes during theperiod of items otherthan shareholders'equity, Net
Totalofchangesduring the period
Balance at end of
periodRetainedearnings

Treasurystock

994,020(1,252)(209,419)(1,375)472,523

Profitattributable
Total ofto nonshareholders controlling’ equityshareholder
4,216,771

159,639

Total net
asset

4,376,410

25,08025,080(209,419)(209,419)(1,375)(1,375)472,523472,523

7,436

7,436

12,54012,540263,104(1,375)286,8107,436

294,246

1,617,987

1,631,098

1,257,124(2,627)

4,503,581

167,075

4,670,657

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
FY2021(October 1, 2020
to September 30, 2021)(Unit: Thousand Yen)FY2022(October 1, 2021
to September 30, 2022)

Profit before income taxes

618,442

745,831

Depreciation

230,249

317,153

Amortization of goodwill

44,43844,438

Increase(decrease) in allowance for employees’ bonuses(5,567)

151,767

Increase(decrease) in allowance for directors’ bonuses(18,500)

39,300Cash flows from operating activities

Increase (decrease) in provision for employee stock ownership plan trust－

166

Increase (decrease) in provision for management board benefit trust－

11,977

Increase(decrease) in allowance for doubtful accounts
Losses on retirement of non-current assets
Receipt cancellation reimbursement

2,048

8

898

－

(10,909)(6,071)

Interest income

(72)

(23)

Interest expense

151

894

Decrease(increase) in trade accounts receivables(209,195)(109,016)

Decrease(increase) in inventories(183,232)

108,054

Increase(decrease) in trade payables

592,735(277,659)

Increase(decrease) in deposits received

65,187(956,044)

Other, net

98,006(48,041)

Subtotal

1,224,682

22,73372

23

Interest income received
Interest expense paid

(151)

(894)

10,909

6,071

Income taxes paid

(278,437)(240,118)

Net cash provided by (used in) operating activities

957,075(212,184)

Proceeds from receipt cancellation reimbursement

Cash flows from investing activities
Purchase of property, plant and equipment(25,850)(14,481)

Purchase of intangible fixed assets(442,781)(492,538)－(24,155)

Payment of office lease deposits
Other, net

2,959

(37)

(465,672)(531,214)

Proceeds from share issuance by exercising stock options

144,646

25,080Purchase of treasury stock(1,252)(1,375)－(132,000)(139,040)(188,449)

Net cash provided by (used in) investing activities
Cash flows from financing activities

Payments of money hold in trust for purchase of treasury stock
Dividend paid
Other, net(8,163)(6,292)

Net cash provided by (used in) financing activities(3,810)(303,036)

Net increase(decrease) in cash and cash equivalents

487,592(1,046,434)

Cash and cash equivalents at the beginning of period

2,946,028

3,433,620

Cash and cash equivalents at the end of period

3,433,620

2,387,18511

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(Changes of accounting policy)(Application of accounting standard for revenue recognition, etc.)
Effective October 1, 2021, the Company applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement
No. 29, March 31, 2020), etc. and recognizes revenue at an amount that it expects to receive in exchange for thepromised goods or services when the control of the goods or services is transferred to a customer. As a result, theGroup changed the method of revenue recognition applied to projects to develop center functions for the purpose of
acquiring specific member merchants from recognizing the total amount of consideration received from a customer asrevenue at a point in time to recognizing over a period of time as a performance obligation is satisfied.
We applied the Accounting Standard for Revenue Recognition, etc. from October 1, 2021 pursuant to the transitional
treatment provided for in the proviso of Paragraph 84 of the Accounting Standard for Revenue Recognition, with the
cumulative effect of the retrospective application, assuming the new accounting policy had been applied to periods
prior to October 1, 2021, adjusted to the beginning balance of retained earnings as of October 1, 2021. However, in
accordance with the method provided for in Paragraph 86 of the Accounting Standard for Revenue Recognition, we
did not apply the new accounting policy retrospectively to the contracts for which substantially all revenue wasrecognized under the previous method prior to October 1, 2021.
As a result, revenue for the fiscal year ended September 30, 2022 decreased by ¥1,888 thousand, and operating profit,
ordinary profit and profit attributable to owners of parent decreased by ¥1,888 thousand, respectively. There was no
impact on the beginning balance of retained earnings as of October 1, 2021.
In accordance with the transitional treatment stipulated in Paragraph 89-3 of the Accounting Standard for Revenue
Recognition, "Revenue Recognition Notes" for the previous fiscal year are not presented.
(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 toas "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 treatment prescribed 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 accordance with 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)
FY2021(October 1, 2020
to September 30, 2021)

FY2022(October 1, 2021
to September 30, 2022)

Net assets per share

1,026.91 Yen

1,090.46 Yen

Earnings per share

101.98 Yen

114.63 Yen

Diluted earnings per share

98.81 Yen

113.39 Yen(Note) The condition of calculation of earnings per share and diluted earnings per share are as below.
FY2021(October 1, 2020
to September 30, 2021)

FY2022(October 1, 2021
to September 30, 2022)

Earnings per share
Profit attributable to owners of parent (Thousand yen)

411,378472,523－－

411,378472,523

4,034,047

4,122,068－－

129,325

45,110（129,325）（45,110）Amounts not attributable to common shareholders (Thousand yen)
Profit attributable to owners of parent related to common stock (Thousand yen)
Average number of common stock during the period

Diluted earnings per share
Deferred Profit attributable to owners of parent (Thousand yen)
Number of increase in common stock(Contribution from stock option)

Other type of stock options which are not connected with the dilution of stock―(Significant subsequent event)
1. Acquisition of the Company’s shares by “Board Benefit Trust (BBT)”(1) Class of shares acquired: Common stock of the Company(2) Number of shares acquired: 4,700 shares(3) Total value of shares acquired: 59,886 thousand yen(4) Date of acquisition: From October 4 to October 5(5) Method of acquisition: Acquisition through stock market
2. Acquisition of the Company’s shares by “Japanese Employee Stock Ownership Plan (J-ESOP)”(1) Class of shares acquired: Common stock of the Company(2) Number of shares acquired: 4,700 shares(3) Total value of shares acquired: 50,878 thousand yen(4) Date of acquisition: From October 4 to October 5(5) Method of acquisition: Acquisition through stock market

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