Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2023
(Based on IFRS)
Listed company:
Code No.:

Geniee Inc.
6562

Representative:(Title/post)

Contact liaison:(Title/post)

February 14, 2023
Listed stock exchange: TSE
URL https://en.geniee.co.jp
Representative Director, President& CEO
Executive Officer, CFO andGeneral Manager, Corporate
Planning Office(Name) Tomoaki Kudo

Schedule date of first quarterFebruary 14, 2023
report submission:
Supplemental quarterly earnings summary materials created: Yes
Quarterly earnings conference held: Yes(for institutional investors and analysts)(Name) Jun Kikukawa

TEL: +81-3-5909-8177

Schedule date to commence
dividend payments:―(amounts below one million yen rounded off)
1. Consolidated earnings for the first quarter of FY2022 (April 1, 2022 to December 31, 2022)(1) Consolidated operating results (cumulative)
Net sales

3Q FY2022
3Q FY2021

millionyen
4,718
10,384Gross profit
million
yen
3,766
2,653

%－－%－－Net income per share(% indicates YoY change)
Net incomeTotal
Income before
attributable toOperating incomeNet income
comprehensive
owners of theincome taxes
incomeparentmillionmilliomillionmillionmillion
%%%%%
yen
n yen
yenyen
yen
646
－－－－－
802841
630
635
460
474－
－－－－
478
590
462

Diluted net income per share

Yen
35.94
25.61

3Q FY2022
3Q FY2021

Yen
35.92
25.49

(2) Status of consolidated finances
Total assets

3Q FY2022
FY2021

million yen
8,626
7,615

Equity attributable toowners of the parent

Total equity
million yen
3,469
2,840

million yen
3,432
2,798Ratio of equity
attributable to owners ofthe parent to total assets%39.836.7

2. Status of dividends
Total annual dividends
End of 1Q
FY2021
FY2022
FY2022(forecast)End of 2Q
Yen－－

End of 3Q
Yen
0.00
0.00

(Note) Revisions since most recently announced dividend forecast: None

Dividend forecast amount for end of fiscal 2022 is not yet determined－

Year-end
Yen－

1－

Total
Yen
0.00

Yen
0.00－－

3. Consolidated earnings forecast for FY2022 (April 1, 2022 to March 31, 2023)
Revenue

FY2022Gross profit

Operating
Income(% indicates YoY change)

Income before
income taxes

Net income

Net income
attributable toowners of theparent

Basicearnings
per share

millionyen%

millionyen%

millionyen%

millionyen%

millionyen%

million
yen%

(Yen)

6,400～－

5,250～－

1,050～－

1,000～

－

750～

－

750～

－

42.38～

6,800－

5,550－

1,250－

1,200－

1,000－

1,000－

56.50(Note) Revision of earnings forecast since the most recently announced earnings forecast: Yes(Note) The forecast of consolidated financial results for the fiscal year ending March 31, 2023 is calculated based on International
Financial Reporting Standards (IFRS), since the Company has decided to adopt IFRS on a voluntary basis from the fiscal year ending
March 31, 2023. For this reason, the percentage change from the actual results for the fiscal year ended March 31, 2022, when Japanese
GAAP was applied, is not shown.
(Note) From FY2022, we are changing sales of the Ad Platform Business to net sales recognition*Notes(1) Movement of important subsidiaries during consolidated cumulative quarter under review (movements of designatedsubsidiaries incidental to change in scope of consolidation): None
New companies: (Company name); Excluded companies: (Company name)(2) Changes in accounting principles, changes in accounting estimates, and restatements
1) Change in accounting principles incidental to revisions to accounting standards, etc.:None
2) Changes in accounting principles other than 1): None
3) Changes in accounting estimates: None

(3) Number of issued shares (common stock)1) Number of shares issued at end of fiscal
year (including treasury stock)

3Q FY2022

18,048,200

shares

FY2021

18,048,200shares

2) Treasury stock as of end of term

3Q FY2022

365,239

shares

FY2021

330,339

shares3) Average number of shares during fiscalyear (cumulative quarter)

3Q FY2022

17,696,457

shares3Q FY2021

17,997,551

shares*The quarterly earnings summary is not subject to quarterly review by the public certified accountant or auditing firm.
*Explanation concerning appropriate use of earnings forecasts and other special notes(Notes on forward-looking statements)
Earnings forecasts and other forward-looking statements indicated in these materials, are based on information available andcertain assumptions deemed reasonable at the time. Statements in these materials do not constitute any guarantee of actualperformance. Actual business results may differ substantially due to several factors.
(Method of obtaining notes on quarterly financial statements)
Geniee plans to hold a briefing for institutional investors on Wednesday, February 15, 2023. A video of this presentation will be
posted on our website shortly after the meeting.

－2－Consolidated Financial Statements
Consolidated Statements of Financial Position(Thousands of yen)
As of December 31, 2022

As of March 31, 2022

AssetsCurrent assets
Cash and cash equivalents
Trade and other receivables
Inventories
Other financial assets
Other current assets
Total current assets
Non-current assets
Property, plant and equipment
Right of use asset
Goodwill
Intangible assets
Other financial assets
Deferred tax assets
Other non-current assets
Total non-current assets
Total assets

1,476,761
2,029,947
468
105,107
189,3363,801,621

1,711,258
1,998,064
977
998
272,973
3,984,271

355,868
235,927
1,530,383
1,054,613
497,686
121,164
18,4303,814,074
7,615,695

466,938
529,654
1,628,168
1,315,814
604,957
70,56926,437
4,642,540
8,626,812(Thousands of yen)
As of December 31, 2022

As of March 31, 2022

Liabilities
Current liabilities
Trade payables
Borrowings
Lease liabilities
Income tax payable
Other current liabilities
Total current liabilities
Non-current liabilities
Borrowings
Lease liabilities
Provisions
Other financial assets
Total non-current liabilities
Total liabilities
EquityShareholders' equity
Share capital
Capital surplus
Retained earningsTreasury shares
Other components of equity
Equity attributable to owners of the parent
Non-controlling interests
Total equity
Total liabilities and equity

1,635,079
1,218,425
155,964
181,932
458,469
3,649,870

1,570,381
1,389,763
333,252
59,668557,047
3,910,112

888,886
92,296144,208

844,602
223,009
177,882
1,630
1,247,124
5,157,237

1,125,391
4,775,262-

1,549,591
1,127,353
386,587(299,552)
34,122
2,798,102
42,3302,840,433
7,615,695－

3－

1,549,591
1,139,907
1,022,515(329,757)
50,0193,432,276
37,2983,469,575
8,626,812

Consolidated Statements of Income
For the fiscal year
ended December 31, 2021
10,384,020(Thousands of yen)
For the fiscal year
ended December 31, 2022
4,718,094

Cost of sales

7,730,646

951,493

Gross profit

2,653,373

3,766,600

Selling, general and administrative expenses

2,167,874

2,917,941

Other revenue

2,230

20,372Other expenses

9,023

76,348Operating income

478,707

802,683

Financial income

133,841

79,986

Financial expense

22,08140,861

Income before income taxes

590,466

841,808

Income taxes

128,086

210,942

Net income

462,380

630,866

Owners of the parent

460,997

635,927

Non-controlling interests

1,382(5,061)

462,380

630,866

Basic (Yen)

25.61

35.94

Diluted (Yen)

25.49

35.92

Revenue

Net income attributable to:

Net income
Interim earnings per share－4－Consolidated statements of cash flows(Thousands of yen)
For the fiscal year
ended December 31, 2022

For the fiscal year
ended December 31, 2021
Cash flows from operating activities
Profit before income taxes

590,466

841,808

Depreciation and amortization

448,808

467,088

Other costs
Financial income
Financial expense
Decrease (increase) in trade and other receivables
Decrease (increase) in inventories-75,000(133,841)(79,986)

18,23840,861(480,743)

56,975242(508)

Increase (decrease) in trade and other receivables

491,725(46,317)

Others(66,307)

31,254

Subtotal

868,588

1,386,177

Interest and dividends received

34,8099,974Interest paid

(18,438)(23,830)

Income taxes paid

(65,825)(282,459)

Miscellaneous expenses and other payments-Net cash provided by (used in) operating activities(75,000)

819,133

1,014,862

Purchase of property, plant and equipment(45,570)(108,365)

Purchase of intangible assets(450,851)(472,816)-(47,923)

Cash flows from investing activities

Payments for lease deposit and guarantee deposit
Proceeds from investments in capital
Purchase of investments in subsidiaries
OthersNet cash provided by (used in) investing activities-2,164(143,184)(70,000)(6,716)47(646,323)(696,894)

Cash flows from financing activities
Net increase (decrease) in short-term loans payable(226,500)

32,800

Proceeds from long-term borrowings

800,000

450,000

Repayment of long-term debt

(217,635)(355,746)

Repayments of lease obligations(184,656)(213,892)

Purchase of treasury shares(101,631)(31,261)

Net cash provided by (used in) financing activities

69,576(118,099)

Effect of exchange rate change on cash and cash equivalents

11,812

34,627

Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Decrease in cash and cash equivalents resulting from deconsolidation of subsidiaries

Cash and cash equivalents at end of period

254,199

234,496

1,091,864

1,476,761(2,611)
1,343,452－

5－

1,711,258