Financial Results Presentation
for the Fiscal Year Ended March 31,2022
OBIC Co.,Ltd.
April 22, 2022

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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1

Overview of Group Companies
Established

OBIC Co., Ltd.

(As of March 31, 2022)

Paid-in capital

Number of employees

Apr. 1968¥19.17 billion

1,857

Nov. 1979¥320 million

197

Consolidated subsidiaries

OBIC Office Automation Co., Ltd.

Number of employees (consolidated) : 2,054
Equity-method affiliates

OBIC Business Consultant Co., Ltd.

Dec. 1980

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

¥10.51 billion

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2

Overview of the Group’s Business Operations【System Integration Services】

OBIC Co., Ltd.
【System Support Services 】【Office Automation Services】

OBIC Office Automation【Business-use Package
SoftwareServices 】

OBIC Business Consultant

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

Co., Ltd.

Co., Ltd.

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3

OBIC Group
Consolidated Financial Results
Fiscal Year Ended March 31, 2022

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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Consolidated Balance Sheet(¥ million)

Assets2021/32022/3

ChangeCurrent assets

163,046

136,150△26,895

Cash and deposits

150,745

122,699△28,046

Notes and accounts
receivable - trade

11,035

12,025989

Others

1,265

1,425

160

Fixed assets

135,211

187,776

52,564

Tangible fixed assets

56,26556,121△144

Intangible fixed assets

133

154

20

Investments and other assets

78,811

131,500

52,688Investment securities

74,816

118,570

43,753

Deferred tax assets

2,296

433

△1,862-10,658

10,658Others

1,698

1,838

139

Total assets

298,257

323,927

25,669Long-term time depositsThese materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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Consolidated Balance Sheet
Liabilities(¥ million)

2021/32022/3

ChangeCurrent liabilities

23,93121,066△2,865

Fixed liabilities

8,300

9,293

993

Total liabilities

32,23130,359△1,872

256,596

277,131

20,53438,70838,708-Retained earnings

240,028

265,985

25,957

Treasury shares△22,140 △27,562△5,422Net assets
Shareholders’ equity
Capital stock and capital surplus

9,428

16,435

7,006

Valuation differences on other securities

10,162

16,877

6,714

Revaluation reserve for land

△694

△481

213

Total net assets

266,025

293,567

27,541

Total liabilities and net assets

298,257

323,927

25,669

Accumulated other comprehensive income

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

Equity ratio

90.6％

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6Financial Results (consolidated) ：reference(¥ million)

2021/32022/3

YoYNet sales

81,27389,476110.1%

Operating income

48,07754,135112.6%

Ordinary income

52,60060,174114.4%Net income

38,001

43,500114.5%

Earnings per share (EPS) (yen)427.22489.96114.7%

88,95088,783－Average number of total shares
outstanding(thousands)

OBIC Co., Ltd. has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020), etc. effective from thebeginning of the first quarter ended June 30 , 2021.
The numbers above are calculated under the assumption that the accounting standard, etc. had been applied in the fiscal year ended March 31, 2021,
These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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7Operating income increases for 28th consecutive periodNet sales(¥ million)

Operating income

Operating margin

60.5%

43.1%

89,476

100,000
90,00033.2%
80,00027.1%

70,00018.6%

54,13560,000
50,0003.4%

40,00030,00020,00010,00001994/3

2000/3

2005/3

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

2010/3

2015/3

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2022/38

Financial Results (consolidated)(¥ million)

2021/32022/3

Change83,862

89,476

5,614

23,021

21,518△1,50360,84067,958

7,117

SG&A expenses

12,762

13,822

1,060

Operating income

48,07754,135

6,057

Non-operating profits

2,480

3,434

953

Equity-method gains

3,348

4,141792

Ordinary income YoY

Non-operating expenses

1,306

1,536

230

52,60060,174

7,573

114.4％

Extraordinary income

2884△284

Extraordinary losses

4384

380

14,883

16,293

1,409

38,001

43,5005,499

Net sales
Cost of goods sold
Gross profit

Ordinary income

Income taxes, etc.
Net income

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

Operating income YoY

112.6％Net income

YoY

114.5％All Rights Reserved,Copyright © OBIC Co.,Ltd. 2022

9Business Results by Segment ：reference(¥ million)

2021/3SISSOA

Total

2022/3

YoY

Sales

38,08240,238105.7%

Operating income

21,002

22,559107.4%

Operating margin

55.2%

56.1%

Sales

36,632

42,374115.7%

Operating income

25,591

29,832116.6%

Operating margin

69.9%

70.4%

Sales

6,557

6,863

104.7%

Operating income

1,484

1,743

117.5%

Operating margin

22.6%

25.4%

Sales

81,27389,476110.1%

Operating income

48,07754,135112.6%

Operating margin

59.2%

60.5%

OBIC Co., Ltd. has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020), etc. effective from thebeginning of the first quarter ended June 30 , 2021.
The numbers above are calculated under the assumption that the accounting standard, etc. had been applied in the fiscal year ended March 31, 2021,
These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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10Sales ：reference
Segments

SIYoY

106%

Software107%

Hardware

75%

SS

116%

Software system operation support

117%

Hardware maintenance

81%

OA

105%

Total

110%

The core software-related sales And Cloud-related systems were strong
OBIC Co., Ltd. has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020), etc. effective from thebeginning of the first quarter ended June 30 , 2021.
The numbers above are calculated under the assumption that the accounting standard, etc. had been applied in the fiscal year ended March 31, 2021,These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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11Profitability
2021/32022/3Operating margin

57.3％ 60.5％ 3.2points

Ordinary income margin

62.7％ 67.3％ 4.6points

Net income margin

45.3％ 48.6％ 3.3points

Absorbed R&D expenses of about ¥1.8billion
These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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12Consolidated Cash Flow(¥ million)

2022/3
Cash flows from operating activities

38,972

Cash flows from investing activities△44,053

Cash flows from financing activities△22,965

Change in cash and cash equivalents△28,046

Balance at the beginning of the year

150,745

Balance at the end of the year

122,699

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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13

Orders Received ：reference(¥ million)

95,798100,000
90,00086,35780,00070,000

YoYＳＩ

105%

ＳＳ

117%

ＯＡ

107%

Total

111%

40,12838,08760,00050,00040,00030,00041,711

48,68420,00010,000
0

6,558

6,985

2021/32022/3

OBIC Co., Ltd. has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020), etc. effective from thebeginning of the first quarter ended June 30 , 2021.
The numbers above are calculated under the assumption that the accounting standard, etc. had been applied in the fiscal year ended March 31, 2021,
These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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14

Earnings Forecasts
Fiscal Year Ending March 31,2023

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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15

Fiscal Year Ending March 31,2023(Full-year)(¥ million)

Earnings forecasts

YoYNet sales

98,500

10.1%

Operating income

59,600

10.1%

Ordinary income

65,600

9.0%

Net income

47,000

8.0%

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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16

Profit-sharing With Shareholders
Fiscal Year Ended March 31,2022
Year-end divided ：122.5yen
40.6%Annual dividend ：43.3%

215yen

43.9%

41.5%

215

220

122.5

110

37.3%

Consolidated dividend
payout ratio (%)

135
Total（yen）
Year-end
dividend
Interimdividend

77.5

160
90

185
105

80

92.5

110

57.5

70

2019/32020/32021/32022/32023/3(Forecast)Fiscal Year Ending March 31,2023
Year-end divided : Will be
These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

220 yen

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17Basic Management Policies

Management focus on both quantity and quality
Emphasis on compliance

Efficient management
Promotion of innovation management
Selection and concentration
Persistence is the key to achieve corporate growth

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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www.obic.co.jp

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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19

This document contains forward-looking statements.
Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties.
Actual results may differ from those in the forward-looking statements as a result of various factors.
These materials were prepared for the sole purpose of providing information to use as reference in making
investment decisions, and are not intended as a solicitation for investment.

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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