Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

June 8, 2023

Summary of Non-consolidated Financial Results
for the Three Months Ended April 30, 2023
(Under Japanese GAAP)
Company name:
Artner Co., Ltd.
Listing:
Tokyo Stock Exchange
Securities code:
2163
URL:
https://www.artner.co.jp/Representative:
SEKIGUCHI Sozo, President and CEOInquiries:
HARIGAE Tomonori, Director; Head of the Management Division
Telephone:+81-6-6445-7551
Scheduled date to file quarterly securities report:
June 12, 2023
Scheduled date to commence dividend payments:–
Preparation of supplementary material on quarterly financial results:
Yes
Holding of quarterly financial results briefing:
Yes (for individual investors)(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Non-consolidated financial results for the three months ended April 30, 2023 (from February 1, 2023 to April 30, 2023)(1) Non-consolidated operating results (cumulative)(Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
ProfitThree months endedApril 30, 2023
April 30, 2022

Millions of yen

2,493
2,232%

11.7
11.4

Earnings per share
Three months ended

Millions of yen%

477
378

26.4
16.0%

479
379

Millions of yen

26.4
15.0

333
263

%

26.5
15.1

Diluted earnings per share
Yen

Yen

April 30, 2023

31.36

―

April 30, 2022

24.78

―

(2) Non-consolidated financial position
Total assets
As ofApril 30, 2023
January 31, 2023
Reference: Equity

Millions of yen

Net assets

Millions of yen

Equity ratioMillions of yen

5,986
5,673
As of April 30, 2023:¥ 3,956 million
As of January 31, 2023: ¥ 4,047 million

%

3,956
4,047

66.1
71.4

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Fiscal year ended
January 31, 2023
Fiscal year ending
January 31, 2024

―

20.00

Total

Yen

Yen―

40.00

60.00

―

32.00

64.00

―

Fiscal year ending
32.00
January 31, 2024 (Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: None
Note:Fiscal year-end

Breakdown of year-end dividends for the fiscal year ended January 31, 2023
Ordinary dividends:¥ 23.00
Commemorative dividends: ¥ 17.00

13. Forecast of non-consolidated financial results for the year ending January 31, 2024 (from February 1, 2023 to January 31, 2024)(Percentages indicate year-on-year changes.)
Net sales

Operating profit

Ordinary profit

ProfitEarnings per share

Millions of yen%

Yen

Full year
9,797
6.0
1,325
11.0
1,328
10.4
920
Note: Revisions to the forecast of non-consolidated financial results most recently announced: None
Note: Only the full-year forecast is shown because ARTNER manages performance on a fiscal year basis.

2.8

86.65

Millions of yen%

Millions of yen%

Millions of yen%

* Notes(1) Adoption of accounting treatment specific to the preparation of quarterly non-consolidated financial statements: None
(2) Changes in accounting policies, changes in accounting estimates, and restatement(i)
Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(3) Number of issued shares (common shares)(i)
Total number of issued shares at the end of the period (including treasury shares)
As of April 30, 2023
10,627,920 shares
(ii)

(iii)

As of January 31, 2023
Number of treasury shares at the end of the period
As of April 30, 2023

10,627,920 shares
2,437 shares

As of January 31, 2023
Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended April 30, 2023

2,376 shares
10,625,524 shares

Three months ended April 30, 2022

10,625,544 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
* Proper use of earnings forecasts, and other special matters(Caution regarding forward-looking statements, etc.)
The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to theCompany and on certain assumptions deemed to be reasonable. Consequently, the statements herein do not constitute assurances regarding theCompany’s actual results. Actual financial and other results may differ substantially from the statements herein due to various factors.

2

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of January 31, 2023
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Work in process
Raw materials and supplies
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Leasehold and guarantee depositsOther
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Provision for retirement benefits
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets

3

As of April 30, 2023

3,975,881
1,129,522
4,099
3,689
54,764△6,7005,161,256

4,025,095
1,288,974
5,718
3,207
86,583△7,7005,401,880

80,42427,37080,35628,721

94,876309,261
404,137
511,932
5,673,188

94,812
380,994475,806
584,884
5,986,764

179,813
165,195
608,576
953,585

229,584
367,958
750,637
1,348,179

671,645
671,645
1,625,230

682,368
682,368
2,030,548

238,284
168,323
3,636,258△739
4,042,126

238,284
168,3233,544,423△815
3,950,215

5,832

6,000

5,832
4,047,958
5,673,188

6,000
3,956,216
5,986,764

Non-consolidated statements of income (cumulative)(Thousands of yen)Three months endedApril 30, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Commission income
Sales income of training materials
Gain on forfeiture of unclaimed dividends
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit4

Three months endedApril 30, 2023

2,232,489
1,387,242
845,247
467,134
378,1122,493,648
1,528,482
965,166
487,233
477,933

0
55
145
486
633
131
1,452

0
58
140
384
473
110
1,167

130
353
484
379,081
379,081
178,334△62,562
115,772
263,308－－－
479,100
479,100
217,254△71,340
145,914333,186

Non-consolidated statements of cash flows(Thousands of yen)Three months endedApril 30, 2022
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for retirement benefits
Interest and dividend income
Interest expenses
Decrease (increase) in accounts receivable - other
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in accrued consumption taxes
Increase (decrease) in accounts payable - other
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee
deposits
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Purchase of treasury shares
Dividends paid
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

5

Three months endedApril 30, 2023

379,0816,197
900
170,057
26,150△55130463△146,968△3,860△2,889△67,173
103,541465,57455△130△215,553
249,945479,100
5,910
1,000
202,763
10,723△58－△482△159,452△1,138
1,946△58,716
130,316
611,91258－△163,634
448,336△1,863△4,444△9,826△2,050△5,143
－

60

64

△6
△16,080△6△7,135－△202,699△202,699
31,1653,554,199
3,585,365△75△391,910△391,986
49,214
3,975,881
4,025,095