Non-Consolidated Financial Results
for the Fiscal Year Ended April 30, 2020
[Japanese GAAP]
June 9, 2020
Company name: Asukanet Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Code number: 2438
URL: https://www.asukanet.co.jp
Representative: Yuji Matsuo, Representative Director, President & COO
Contact: Kenya Kono, Senior Managing Director & CFO
Phone: +81-82-850-1200
Scheduled date of Annual General Meeting of Shareholders: July 29, 2020
Scheduled date of commencing dividend payments: July 30, 2020
Scheduled date of filing annual securities report: July 30, 2020
Availability of supplementary briefing material on annual financial results: Available
Schedule of annual financial results briefing session: Scheduled (for institutional investors and analysts)(Amounts of less than one million yen are rounded down.)
1. Non-Consolidated Financial Results for the Fiscal Year Ended April 30, 2020
(May 1, 2019 to April 30, 2020)(1) Non-Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year endedApril 30, 2020
April 30, 2019

Operating income

Ordinary income

ProfitMillion yen%

Million yen%

Million yen%

Million yen

%

6,575
6,295

4.4
6.6

709
868

(18.4)
10.1

710
873

(18.6)
9.7

501
598

(16.2)
7.5

Basic earnings
per share

Diluted earnings
per share

Rate of return on
equityOrdinary income
to total assets

Operating income
to net sales

Fiscal year ended
Yen
Yen
April 30, 2020
29.79
April 30, 2019
35.57
35.56
(Reference) Equity in earnings of affiliated companies:

%

%

%

9.0
11.0
11.5
14.6
Fiscal year ended April 30, 2020: ¥- million
Fiscal year ended April 30, 2019: ¥- million(Note) Diluted earnings per share for the fiscal year ended April 30, 2020 is not presented as there were no
potential shares.

(2) Non-Consolidated Financial Position
Total assets

Net assets

Million yen

Equity ratio

10.8
13.8

Net assets per share

Million yen

%

5,750
5,431

87.0
86.6

341.45322.49Cash flow fromoperating activities

Cash flow frominvesting activities

Cash flow fromfinancing activities

Cash and cash
equivalents at endof period

Million yen

Million yen

Million yen

849
919

(774)
(795)

6,607
As of April 30, 2020
6,271
As of April 30, 2019
(Reference) Equity: As of April 30, 2020: ¥5,750 million
As of April 30, 2019: ¥5,431 million

Yen(3) Non-Consolidated Cash Flows

Fiscal year endedApril 30, 2020
April 30, 2019

(187)
(161)

Million yen

1,555
1,669

2. Dividends
Annual dividends
1st
2nd
3rd
Year-endquarter-end quarter-end quarter-end
Fiscal year endedApril 30, 2019
Fiscal year endedApril 30, 2020
Fiscal year ending
April 30, 2021
(Forecast)

Total

Total
dividends(Annual)Dividend
payoutratio

Dividends
tonet assets

Yen

Yen

Yen

Yen

Yen

Million yen

%

%

-

0.00

-

11.00

11.00

185

30.9

3.5

-

0.00

-

10.00

10.00

168

33.6

3.0

-

0.00

-

7.00

7.00

36.2

3. Non-Consolidated Financial Results Forecast for the Fiscal Year Ending April 30, 2021
(May 1, 2020 to April 30, 2021)(% indicates changes from the previous corresponding period.)
Basic earnings
Net sales
Operating income
Ordinary income
Profitper share
Million yen%

Million yen%

Million yen%

Million yen%

Yen

Full year
6,368 (3.2)
436 (38.5)471 (33.7)
325 (35.7)
19.36
As the Company manages its financial results at an annual base, the financial results forecast for the first half is notdisclosed.
* Notes:(1) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(2) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
April 30, 2020: 17,464,000 shares
April 30, 2019: 17,464,000 shares2) Total number of treasury shares at the end of the period:
April 30, 2020: 623,057 shares
April 30, 2019: 622,941 shares
3) Average number of shares during the period:
Fiscal year ended April 30, 2020: 16,840,976 sharesFiscal year ended April 30, 2019: 16,836,406 shares* These financial results are outside the scope of audit by a certified public accountant or an audit corporation.
* Explanation of the proper use of financial results forecast and other notes
The earnings forecasts and other forward-looking statements herein are based on information currently
available to the Company and certain assumptions that the Company believes are reasonable, and actual results
may differ significantly from these forecasts due to a wide range of factors.

4. Overview of Business Results(1) Overview of Business Results for this Fiscal Year
During this fiscal year, although there was continuing improvement in the employment and income
environment, the economy of Japan faced growing uncertainty about the future due to the prolonged trade
friction between the United States and China, and to concerns about the effects of the spreading corona virus
outbreak on the global economy.
Asukanet operates three business areas, each with different positioning and characteristics. They are (1)the memorial design service business, which adds digital processing and remote output services for photos ofthe deceased to a funeral business that is largely unaffected by economic trends, (2) the personal publishingbusiness, which provides ideas for new photo output methods that allow users to create complete photocollections beginning from just a single book, and (3) the aerial imaging business, which is utilizing unique,recently-developed technologies aiming to create a new market and achieve dreams.
During this fiscal year, we constructed and opened a new company building (Headquarters West Building)
aimed primarily at expanding production space for the personal publishing business. We also conducted acapital and business partnership with AWL, Inc., a start-up company that develops, manufactures, and sells AI
camera solutions. In preparation for the payment of retirement allowances to retiring directors, we recorded a
100,000 thousand yen provision for directors’ retirement benefits as a SG&A expense.
Following is an overview of the business results for each segment. The results figures for each segment
include internal inter-segment sales.
(1) Memorial design service businessIn this business, in addition to slow growth in the numbers of processed photos during the second half ofthe year due to the warm winter, the COVID-19 outbreak also reduced the size of funeral services and we
faced a difficult struggle for income from processing photos of the deceased and sales of funeral production
tools. Our sales of frames and supplies were also below expectations. As a result, sales were only slightly
higher than the same period in the previous year.
We also worked to expand the presence of the “tsunagoo” service which connects chief mourner andparticipants, as one type of our “funeral tech” that has brought extensive use of IT technologies to thefuneral market. Aiming to improve the quality of processed photos of the deceased, we introduced a focus
restoration tool that utilizes the latest technologies.
In terms of income, segment income was down slightly as a result of factors including an increase inpersonnel expenses resulting from hiring additional image processing operators as well as the deteriorationof production efficiency and one-time cost caused by remote-work system due to covid-19.
As a result, sales were 2,557,535 thousand yen (100.7% year-on-year), and segment income was 660,219
thousand yen (92.1% year-on-year).
(2) Personal publishing service businessThis business operates AsukaBook for the professional photography market in Japan, and MyBook for thegeneral Japanese consumer market. We are also engaged in OEM supply of photo albums and photo prints
based on photos that were taken with smartphones.
In the domestic professional photographer market, in addition to acquiring customers through our own
marketing activities, we also conducted digital photo seminars and workshops across Japan. Our continued
introduction of new products also had an effect and resulted in strong sales. However starting from thesecond half of the fourth quarter, the effects of the COVID-19 outbreak resulted in many weddings being
postponed, and we faced difficult conditions in our primary business area of wedding photo albums. In areas
other than photo albums, we worked to expand sales and develop improved functions for the GLAMPiC
data delivery service.
In the general consumer market, we conducted a number of programs including efficient internet
advertising and a variety of campaigns, as well as the use of SNS. We also conducted promotions forcalendars and graduation albums, which are seasonal products. We faced strong headwinds in this market,
with reduced opportunities for photography due to self-imposed restraints on travel and events due to the
COVID-19 outbreak, and the cancellation of exhibitions. Based on the keywords “organizing photos”, weshifted to promoting orders of photo albums among persons seeking to make use of their increased at-hometime, and these efforts had some effect. In addition, sales of OEM products grew as the presence of ourservices expanded in the market,
In terms of income, as a result of constructing the new company building, expanding production
equipment, and reinforcing personnel, our operations this year had settled down compared to the previous
year in which they tended to be overloaded. As a result, the profit margin was lower. Due to relocation
expenses involved with constructing the new plant and the hike in shipping prices, there was only a small
increase in segment income.
As a result, sales were 3,910,014 thousand yen (108.0% year-on-year), and segment income was 924,152
thousand yen (100.8% year-on-year).
(3) Aerial imaging businessThis business was launched in March 2011, aiming to create a market through new image and video
expressions utilizing aerial imaging technologies. We are developing, manufacturing, and selling both glass
and plastic “ASKA3D plates” that utilize our original technologies to project images in mid-air.
For glass ASKA3D plates, although sufficient cost reductions have not yet been achieved, we areproviding large-size plates that are capable of high-quality aerial imaging. Although still in small lots, sales
for signage and aerial development are increasing due to the participation of domestic and overseas several
exhibitions. There were also cases of orders for installation of glass ASKA3D plates that were delayed dueto the coronavirus outbreak. Because the current production system is unable to fully cover demand, we
proceeded with preparations for reinforcing our technical development functions, including by hiring expert
personnel and adding production equipment, in order to achieve higher quality and lower costs by bringing
mass production technologies in-house.
For plastic ASKA3D plates, we worked to acquire mass production orders that fit our current production
scale and price range based on the first-stage mass production system, however at the present time we arestill limited to sample-scale sales. In November 2019, we exhibited and proposed an application of theseplates for use in a sub monitor that allows aerial operations simply by connecting it with a PC.
In terms of marketing, sales were down from the same period in the previous year, partially due to our
focus on sample sales of inexpensive plastic ASKA3D plates. As a result of the COVID-19 outbreak, there
were delays in various projects, exhibitions were canceled, and we were unable to make visits to new
potential customers. Although we faced many constraints, there has been growing interest in the use of aerial
imaging for touchless operations and we received numerous inquiries from sources both in Japan andoverseas.
In terms of expenses, although we were able to control advertising expenses due to cancellation of
exhibitions, R&D for mass production of glass 3D plates and patent related expenses of ASKA3D plates
were higher as well as personnel expenses. We also incurred advance expenses for reinforcing our technicaldevelopment functions by increasing personnel and preparing to launch a new business site.
As a result, sales were 110,715 thousand yen (75.5% year-on-year), and segment loss was 236,097
thousand yen (compared to a loss of 241,608 thousand yen in the same quarter of the previous year).
As a result of the above, sales were 6,575,955 thousand yen (104.4% year-on-year). In terms of income, due
to a decrease in segment income in the memorial design service business and a officer retirement benefit,
ordinary income was 710,569 thousand yen (81.4% year-on-year) and net income was 501,638 thousand yen(83.8% year-on-year).

(2) Overview of the Financial Status during this Fiscal Year
(Assets)
Current assets at the end of this fiscal year decreased by 288,723 thousand yen from the end of theprevious fiscal year to reach 3,121,774 thousand yen. This decrease was primarily due to a decrease in cash
and cash deposit of 313,946 thousand yen resulting from a purchase of investment securities.
Fixed assets at the end of this fiscal year increased by 624,898 thousand yen from the end of the previous
fiscal year to reach 3,485,914 thousand yen. Despite a decrease of 182,029 thousand yen due to the building
construction in progress, this increase was primary due to the increase of 397,232 thousand yen in building
and an increase of 294,834 thousand yen in an investment securities.
(Liabilities)
Current liabilities at the end of the current fiscal year increased by 18,720 thousand yen from the end of
the previous fiscal year to reach 849,870 thousand yen. Despite a decrease of 100,800 thousand yen incorporate tax payable, this increase was primary due to the increase of 100,000 thousand yen in officer
retirement benefit.
Fixed assets at the end of this fiscal year decreased by 1,897 thousand yen to 7,432 thousand yen.
(Net assets)
Net assets at the end of this fiscal year increased by 319,351 thousand yen to reach 5,750,385 thousand
yen. The primary reason for the increase was an increase of 316,387 thousand yen in retained earnings.
(3) Overview of cash flows in this fiscal year
The balance of cash and cash equivalents (hereafter referred to as “cash”) at the end of this fiscal year
declined by 113,946 thousand yen from the end of the previous fiscal year to reach 1,555,817 thousand yen.
Despite acquiring steady cash from operating activities as a result of recording strong profits, this decline wasdue to payments related to buying land for the headquarters and constructing buildings.
(Cash flows from operating activities）
Net cash acquired as a result of operating activities during this fiscal year was 849,178 thousand yen(compared to 919,926 thousand yen during the previous fiscal year). The primary factors affecting this result
were pre-tax net income of 695,787 thousand yen and depreciation expenses of 353,806 thousand yen on one
hand, and the payment of 311,490 thousand yen in income taxes on the other.
(Cash flows from investing activities）
Net cash expended as a result of investment activities during this fiscal year was 774,047 thousand yen(compared to 795,405 thousand yen during the previous fiscal year). This was primarily due to the acquisitionof 548,308 thousand yen in tangible fixed assets and 305,394 thousand yen in investment securities.
(Cash flows from financing activities）
Net cash expended as a result of financing activities during this fiscal year was 187,583 thousand yen(compared to 161,639 thousand yen during the previous fiscal year). This was primarily due to the paymentof 185,501 thousand yen in dividends.
(4) Future Outlook
In the outlook for the next fiscal year, we expect extremely difficult conditions as a result of factors
including the global economic slowdown caused by the COVID-19 outbreak and concerns about theintensifying trade dispute between the United States and China.
Our company is operating a business that is consistent with the current times in which services arecustomized from minimum lot sizes to meet individual needs, and aims to capture stable demand. In both thememorial design service business and personal publishing service business, we have constructed a solid
business base and achieved a stable flow of income. However we recognize that there are issues from theperspective of further growth. We also understand that the effects of the coronavirus outbreak on the businessenvironment represent a new business opportunity, and are carrying out programs aimed at businessexpansion. In the aerial imaging business where we are challenging ourselves and working to create a newmarket, more time has been required to achieve profitability than we initially expected. However there has
been strong interest in the use of aerial imaging for touchless operations, and we will make use of thisopportunity to achieve a large leap forward. We will also continue to challenge ourselves in the developmentof new business and services.
The following constitute the basis for the expected effects of the COVID-19 outbreak on each business area
and the results forecast for the fiscal ending April 30, 2021.
In the memorial design service business, funerals are currently small in size and sales of funeral production
tools and related products have declined. As a result, the unit prices of sales are also declining. We are
expecting that funeral formats will return to normal beginning from the second quarter of the fiscal year
ending April 30, 2021. In the personal publishing business, orders for the wedding albums that are our main
product in the professional photographer market declined as weddings were postponed. We are expecting thatthese conditions will continue through the second quarter of the coming fiscal year and that demand will
begin to return starting from the third quarter. The environment in the consumer market is negative, withfewer opportunities for photography as people refrain from traveling and attending events. However we willproceed with identifying existing needs for organizing photos and expect demand to remain firm. In the aerial
imaging business, our marketing activities will be limited, including in particular the elimination of overseas
business travel. We expect the risk of delays in the progress of various projects, and of new marketing
activities becoming stalled.
Based on these difficult conditions, we will be taking the following actions in each business area.
In the memorial design service business, we will prominently promote the superiority that comes from ourstrength in image processing technologies and the application of focus correction rules utilizing the latest
technologies in order to develop new customers and increase unit prices for existing customers. We will also
reinforce our inside sales functions and work to expand the presence of “tsunagoo” and other new services.
In the personal publishing service business, we will continue to launch new products, conduct online
seminars, and reinforce our data delivery service for the professional photographer market, aiming to deepen
our connections with customers and prepare for a recovery starting from the third quarter. In production areas,
we will construct a production system that can adapt flexibly to the volume of orders, and will work for
efficient operations. For the consumer market, we will work to stimulate demand through measures such as a
20th anniversary campaign for “MyBook”.
In the aerial imaging business, we will utilize the current opportunity presented by the attention ontouchless operations to expand sample sales and work to obtain orders for medium-lot sales. As advanceinvestment for the glass ASKA3D plates used in signage, we will establish a technical development centerand aim to bring high-quality and efficient mass-production technologies in-house and to create our own
production system.
Based on the above, in the forecast for the year ending April 30, 2021, with consideration for the effects of
the COVID-19 pandemic and the advance investment required for establishment of a technical development
center for the aerial imaging business, we are forecasting sales of 6,368 million yen (96.8% compared to thecurrent year), operating income of 436 million yen (61.5%), ordinary income of 471 million yen (66.3%), andnet income of 325 million yen (64.8%).
The timing of corona virus being resolved and demand recovery was based on the above explanation,
therefore, the forecast may differ from the original one as assumption changes. The aerial imaging businessand other new business areas also involve technological research and marketing that we have not engaged in
before, and many uncertain elements are involved in its commercialization.
Note: The above forecast was created based on information available at the time this material was released, andactual results may differ from the forecast values due to a variety of factors.

5. Financial Statements for the Fiscal Year
(1) Balance sheet(Units: 1,000s yen)Previous fiscal year
(Ended April 30, 2019)
Asset
Current assets
Cash and deposits
Receivable notes
Accounts receivable-trade
Merchandise and products
Work in progress
Raw materials and supplies
Advanced payment
OthersAllowance for doubtful accounts
Total current assets

Current fiscal year
(Ended April 30, 2020)

2,274,763
1,512
825,727
172,942
23,551
78,072
34,3782,464(2,914)

1,960,817
12,158785,875
190,796
49,083
98,23827,906
1,248(4,351)3,410,498

3,121,774

925,358(416,721)

1,372,631(466,762)

508,636

905,868

19,245(11,764)

26,606(12,876)

Fixed assets
Tangible fixed assets
Building
Accumulated depreciation
Buildings, net
Structures
Accumulated depreciation
Structures (net)
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
VehiclesAccumulated depreciation
Vehicles (net)

7,480

13,7291,506,666(1,097,104)

1,562,081(1,113,456)

409,561448,625

9,288(4,241)

10,158(6,160)

5,046

3,997

381,142(243,963)

413,315(261,686)

137,179

151,628Land

844,060

844,060

Construction in progress

249,643

67,613

Total tangible fixed assets

2,161,609

2,435,524

17,123
172,391
12,855

13,644
193,348
14,580Tools, equipments, and fixtures
Accumulated depreciation
Tools, equipments, and fixtures (net)

Intangible fixed assets
Patents etc.
Software
OthersTotal intangible fixed assets

202,370

221,573

Total investments and other assets
Investment securities
Capital228,800
10

523,634
10

Long term advanced payment
Deferred tax assets
Others2,819
122,617
142,788

8,743
142,655
153,773

Total investment and others

497,035

828,816

2,861,016

3,485,914

6,271,514

6,607,688

Total fixed assets
Total assets

(Units: 1,000s yen)Previous fiscal year
(Ended April 30, 2019)
Liabilities
Current liabilities
Accounts payable-trade
Accounts payable-otherAccrued expense
Income taxes payable
Advance payment
Deposit
Provision for bonuses
Officer retirement benefit
OthersTotal current liabilities
Fixed liabilities
Provision for retirement benefits
OthersTotal fixed liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Capital reserves
Total capital surplus

Current fiscal year
(Ended April 30, 2020)

169,180
173,963
73,881
187,900
16,704
12,322
144,200―
52,996167,630
162,859
81,281
87,10041,704
13,230150,900
100,000
45,163

831,149

849,870

6,009
3,320

6,009
1,423

9,330

7,432

840,479

857,303490,300

490,300

606,585

606,585

606,585

606,585

Retained earnings
Legal retained earnings
Other retained earnings
Retained earnings

1,693

1,693

4,606,383

4,922,770

Total retained earnings

4,608,076

4,924,463

Treasury stock(268,850)(269,031)

Total shareholders' equity

5,436,110

5,752,316(5,076)(1,930)

Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets(5,076)(1,930)5,431,034

5,750,385

6,271,514

6,607,688

(2) Profit and loss statement(unit:1000s yen)
24th fiscal year
(May 1, 2018-April 30, 2019)

25th fiscal year
(May 1, 2019-April 30, 2020)

Net Sales
Sales from service

1,700,512

1,696,939

Product sales

3,796,290

4,039,295

799,189

839,720

Total sales

6,295,992

6,575,955

Cost of sales
Cost of service

813,317

848,149

129,141

100,909

Cost of product sales during year

1,700,446

1,840,722

Total

1,829,587

1,941,632

15,740100,90928,184
98,8101,712,937

1,814,637

61,981

72,033

Cost of goods sales during year

562,879

600,091

Total

624,861

672,124

Transfer to other accounts
Stock of goods at year end

19,672
72,033

9,492
91,986

Cost of goods sales

533,155

570,646

Sales of finished goods

Cost of product sales
Stock of product at beginning of the year

Transfer to other accounts
Stock of product at year end
Cost of production sales
Cost of goods sales
Stock of goods at beginning of the year

3,059,410

3,233,434

Gross profit

Total cost of sales

3,236,581

3,342,521

Selling, general, and administrative expenses

2,367,900

2,633,408

868,681709,112549

597

Operating income
Non-operating income
Interest received
Interest from invested securities―

411

Dividends received

1,010

950

Commissions received

466

360

Revenue from insurance

960―

Gain on forfeiture of unclaimed dividends

950

1,051

Others

554

375

4,492

3,746

53

2,289

Total non-operating income
Non-operating expenses
Foreign exchange losses
Total non-operating expenses

53

2,289

873,121710,569

Extraordinary income
Profit from sales of fixed asset―

133

Total extraordinary income―

133

Extraordinary losses
Loss on retirement of fixed assets

8,852

166

―

14,750Ordinary income

Loss on valuation of investment securities

8,852

14,916

Net income before taxes

Total extraordinary losses

864,268

695,787

Current income taxes etc.
Income tax adjustment

290,286(24,942)

215,564(21,415)

Income taxes

265,343

194,148

Net income

598,924

501,638(3) Statement of cash flows(unit:1000s yen)
24th fiscal year
(May 1, 2018-April 30, 2019)

25th fiscal year
(May 1, 2019-April 30, 2020)

864,268
295,005
1,109
7,700

695,787
353,806
1,592
6,700

(472)

―

―
(1,559)
―
(101)
―
―
8,852

100,000(1,547)(411)
1,493
14,750(133)
166(101,585)

29,036(6,911)(63,551)

42,90912,71941,359(1,550)(7,833)30,348Subtotal

1,163,293

1,158,653

Interest and dividends received
Income taxes paid

1,560
(244,927)

2,014(311,490)

Cash flows resulting from operating activities
Net income before taxes
Depreciation expenses
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for retirement
benefits
Increase(decrease) in officer retirement benefit
Interest and dividends received
Interest from invested securities
Foreign exchange losses (gains)
Increase(decrease) in value of investment securities
Profit on sales of fixed asset
Loss on disposal of fixed assets
Decrease (increase) in notes and accounts receivabletrade
Decrease (increase) in inventory assets
Increase (decrease) in accounts payable-trade
Increase (decrease) in accrued consumption taxes
OthersCash flows due to operating activities

919,926

849,178

Cash flows due to investing activities
Purchase of property, plant, and equipment
Purchase of intangible fixed assets
Purchase of investment securities
Collection of loans receivable
Payments into time deposits
Proceeds from withdrawal of time deposits
Others(696,432)(94,736)―400(605,000)
605,000(4,636)(548,308)(98,370)(305,394)―(405,000)
605,000(21,974)

Cash flows due to investing activities(795,405)(774,047)(168,058)(185,501)―
8,316(1,897)(183)―(1,897)(161,639)(187,583)

Cash flows due to financing activities
Cash dividends paid
Purchase of treasury stock
Sales of treasury stock
OthersCash flows due to financing activities
Effect of exchange rate on cash and cash equivalents

101(1,493)

Net increase (decrease) in cash and cash equivalents(37,017)(113,946)

Balance of cash and cash equivalents at beginning of year

1,706,781

1,669,763

Balance of cash and cash equivalents at end of quarter

1,669,763

1,555,817

(4) Notes Regarding the Financial Statements(Segment information etc.)
Information related to the amounts of sales, income or loss, assets, liabilities, and other items for each reporting segment.
Year 24 (May 1, 2018 – April 30, 2019)(Units: 1,000s yen)
Reporting segment
Memorial design
service business

Personal
Aerialpublishingimaging businessservice business

Adjustments
Total

Amountrecorded in
profit and loss
statement

Sales
Sales to outside
customers
Inter-segment internalsales and transfers
Total
Segment income (loss)

2,538,699

3,619,794

137,498

6,295,992―

6,295,992

―

―

9,134

9,134

(9,134)―

2,538,699

3,619,794

146,632

6,305,126(9,134)

6,295,992

716,975

916,511(241,608)

1,391,878(523,196)

868,681

29,886215,197

16,470261,555

33,450295,005

Other term
Depreciation

Year 25 (May 1, 2019 – April 30, 2020)(Units: 1,000s yen)
Reporting segment
Memorial design
service business

Personal
Aerialpublishingimaging businessservice business

Adjustments
Total

Amountrecorded in
profit and loss
statement

Sales
Sales to outside
customers
Inter-segment internalsales and transfers
Total
Segment income (loss)

2,557,535

3,910,014

108,405

6,575,955―

6,575,955

―

―

2,310

2,310

(2,310)―2,557,535

3,910,014

110,715

6,578,265(2,310)6,575,955

660,219924,152(236,097)

1,348,274(639,161)

709,11230,046274,179

15,688319,91433,891

353,806

Other term
Depreciation

This is the summarized translation of released report for your reference.
Please refer to the original Japanese financial document.