Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2022
(Based on J-GAAP)
February 10, 2022
Listed company

Geniee Inc.

Code No.

6562

Representative(Title/post)

Listed stock exchange: TSE
URL https://geniee.co.jp
Representative Director, President
& CEO
CFO

Contact liaison(Title/post)
Schedule date of third quarter
report submission

February 10, 2022

(Name) Tomoaki Kudo
(Name) Jun Kikukawa
Schedule date to commence
dividend payments

TEL: +81-3-5909-8177―

Supplemental quarterly earnings summary materials created: Yes
Quarterly earnings conference held: Yes (for institutional investors and analysts)(amounts below one million yen rounded off)
1. Consolidated earnings for the third quarter of FY2021 (April 1, 2021 to December 31, 2021)(1) Consolidated operating results (cumulative)
Net Sales

3Q FY2021
3Q FY2020

million yen
10,384
10,156(% indicates YoY change)
Operating Income%−million yen
400
37(5.2)

Ordinary Income%971.3−

million yen
417
2Profit attributable toowners of parent

EBITDA%−−million yen
832
300%
177.3405.2

million yen
307
(23)

%
−−(Note) As the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29), etc. has been adopted from the beginning of thefiscal year ending March 31, 2022, change in net sales is not listed due to the impact of changes in accounting standards.
(Note) Comprehensive income

3Q FY2021

321

million yen(-%)

3Q FY2020(38)

million yen(-%)(Note) EBITDA = Operating income + Depreciation and amortization + Amortization of goodwill

Net income per share

Diluted net income per shareYen
17.08(1.33)

3Q FY2021
3Q FY2020

Yen
17.00
−(Note) Although potentially dilutive shares do exist, this is not indicated under “diluted net income per share” as the quarter resulted in a net loss per share.

(2) Status of consolidated finances
Total assets
3Q FY2021
FY2020(Ref.) Shareholders’ equity

Net assets
million yen
6,801
5,652

3Q FY2021

Equity ratio
million yen
2,876
2,657

2,873

million yen

FY2020

%
42.3
47.0
2,655

million yen

2. Status of dividends
Total annual dividends
End of 1Q
FY2020
FY2021
FY2021(Forecast)End of 2Q
Yen−−

End of 3Q
Yen
0.00
0.00

Year-end
Yen−−(Note) Revisions since most recently announced dividend forecast: None
Dividend forecast amount for end of fiscal 2021 is not yet determined.

− 1 −

Total
Yen
0.00

Yen
0.00

−−

3. Consolidated earnings forecast for FY2020 (April 1, 2021 to March 31, 2022)(% indicates YoY change)
Net Sales

FY2021

Operating Income

Ordinary Income

Profit attributable toowners of parent

EBITDAmillion yen%millionyen%

millionyen%

millionyen%

millionyen%

13,425～－640～

227.1～

620～

315.5～

1,259～

114.3～

526～

417.1～

13,739

－840

329.3

820

449.5

1,459

148.3

665

553.8

(Note) Revisions since most recently announced earnings forecast: None
(Note)As the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29), etc. has been adopted from the beginning of the fiscal year ending March 31, 2022, change innet sales is not listed due to the impact of changes in accounting standards.

*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) Application of special accounting treatments during the creation of quarterly consolidated financial statements: None

(3) Changes in accounting principles, changes in accounting estimates, and restatements
1) Change in accounting principles incidental to revisions to accounting standards, etc.: Yas
2) Changes in accounting principles other than 1): None
3) Changes in accounting estimates: None
4) Restatements: None
(4) Number of issued shares (common stock)1) Number of shares issued at end of fiscal year(including treasury stock)

3Q FY2021

18,048,200

shares

FY202018,048,200

shares2) Treasury stock as of end of term

3Q FY2021

102,639

shares

FY2020118

shares3) Average number of shares during fiscal year
(cumulative quarter)

3Q FY2021

17,997,551

shares3Q FY2020

17,974,882

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)
Notes on quarterly financial statements will be published to our website on February 10, 2022. We will hold an earnings
conference for institutional investors and analysts on February 18, 2022.

− 2 −Consolidated Financial Statements
Consolidated Balance Sheets(Thousands of yen)
As of December 31, 2021

As of March 31, 2021
AssetsCurrent assets
Cash and deposits
Trade accounts receivable
Trade accounts receivable and contractual assets
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Total property, plant and equipment
Intangible assets
Goodwill
Software
Software in progress
Total intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assetsTotal non-current assets
Total assets

1,091,864
1,479,167－
188,299(32,194)
2,727,136

1,343,452－
1,988,851
234,223(41,483)
3,525,043

447,052

486,320

1,025,345
896,899
151,9812,074,225

1,067,558
947,904
372,084
2,387,547

142,255
310,923(49,550)
403,627
2,924,905
5,652,042

145,796308,842(52,165)
402,473
3,276,341
6,801,385

As of March 31, 2021
Liabilities
Current liabilities
Accounts payable
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Stock acquisition rights
Total net assets
Total liabilities and net assets− 3 −(Thousands of yen)
As of December 30, 2021

1,012,031
426,500
160,928
39,062
83,701
432,2112,154,435

1,490,447
200,000
401,823
76,57250,835
489,686
2,709,364

650,988
126,963
62,325840,276
2,994,712

992,458
143,991
78,966
1,215,416
3,924,781

1,549,591
1,556,829(462,395)(144)
2,643,880

1,549,591
1,122,316
278,320(101,805)
2,848,423(2,581)
13,934
11,353
2,095
2,657,329
5,652,042(143)
25,63825,4952,685
2,876,603
6,801,385

Consolidated Statements of IncomeNet sales(Thousands of yen)
For the fiscal year
For the fiscal year
ended December 31, 2020 ended December 31, 2021
10,156,890
10,384,020

Cost of sales

8,358,020

7,717,614

Gross profit

1,798,870

2,666,406

Selling, general and administrative expenses

1,761,478

2,265,834

37,391

400,572

257

271

9,573

－－

43,692702

2,230

10,533

46,194

Interest expenses

6,152

16,938Casualty loss

10,130

7,515

Other

29,384

4,712

Total non-operating expenses

45,66829,1672,256

417,599

Gain on reversal of subscription rights to shares

189181

Total extraordinary income

189

181

－

0

Loss on sale of shares in an affiliated company

8,095

－

Special severance payment
Damage compensation

4,335
1,295

Total extraordinary losses

13,725－－0Profit (loss) before income taxes(11,278)

417,781

Income taxes - current

4,635

87,224

Income taxes - deferred

8,204

23,079Total income taxes

12,840110,303

Net income (loss)(24,119)

307,477

Loss attributable to non-controlling interests(223)－Profit (loss) attributable to owners of parent(23,895)

307,477

Operating income (loss)
Non-operating income
Interest income
Foreign exchange gains
Gain on investment in partnership
OtherTotal non-operating income
Non-operating expenses

Ordinary income (loss)
Extraordinary income

Extraordinary losses
Loss on retirement of noncurrent assets− 4 −