Non-Consolidated Financial Results
for the Fiscal Year Ended April 30, 2021
[Japanese GAAP]
June 11, 2021
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
Contact: Kenya Kono, Senior Managing Director & CFO
Phone: +81-82-850-1200
Scheduled date of Annual General Meeting of Shareholders: July 27, 2021
Scheduled date of commencing dividend payments: July 28, 2021
Scheduled date of filing annual securities report: July 28, 2021
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, 2021
(May 1, 2020 to April 30, 2021)(1) Non-Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year endedApril 30, 2021
April 30, 2020

Operating income

Ordinary income

ProfitMillion yen%

Million yen%

Million yen%

Million yen

%

5,773
6,575

(12.2)
4.4

277
709

(60.9)(18.4)

330
710(53.4)(18.6)

225
501(55.0)(16.2)

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
13.39
April 30, 2021
29.79
April 30, 2020
(Reference) Equity in earnings of affiliated companies:

%

%

%

3.9
5.1
9.0
11.0
Fiscal year ended April 30, 2021: ¥- million
Fiscal year ended April 30, 2020: ¥- million(Note) Diluted earnings per share is not presented as there were no potential shares.
(2) Non-Consolidated Financial Position
Total assets

Net assets

Million yen

Equity ratio

4.8
10.8

Net assets per share

Million yen

%

Yen

5,825
5,750

90.1
87.0

345.75341.45

Cash flow fromoperating activities

Cash flow frominvesting activities

Cash flow fromfinancing activities

Cash and cash
equivalents at endof period

Million yen

Million yen

Million yen

Million yen

359
849

(335)
(774)

(169)
(187)

1,410
1,555

6,465
As of April 30, 2021
6,607
As of April 30, 2020
(Reference) Equity: As of April 30, 2021: ¥5,825 million
As of April 30, 2020: ¥5,750 million(3) Non-Consolidated Cash Flows

Fiscal year endedApril 30, 2021
April 30, 2020

2. Dividends
Annual dividends
1st
2nd
3rd
Year-endquarter-end quarter-end quarter-end
Fiscal year endedApril 30, 2020
Fiscal year endedApril 30, 2021
Fiscal year ending
April 30, 2022
(Forecast)

Total

Total
dividends(Annual)Dividend
payoutratio

Dividends
tonet assets

Yen

Yen

Yen

Yen

Yen

Million yen

%

%

-

0.00

-

10.00

10.00

168

33.6

3.0

-

0.00

-

7.00

7.00

117

52.3

2.0

-

0.00

-

7.00

7.00

59.1

3. Non-Consolidated Financial Results Forecast for the Fiscal Year Ending April 30, 2022
(May 1, 2021 to April 30, 2022)(% 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

6,270
8.6
285
2.7
285 (13.9)
200 (11.3)
11.87
Full year
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, 2021: 17,464,000 shares
April 30, 2020: 17,464,000 shares2) Total number of treasury shares at the end of the period:
April 30, 2021: 615,057 shares
April 30, 2020: 623,057 shares
3) Average number of shares during the period:
Fiscal year ended April 30, 2021: 16,845,874 sharesFiscal year ended April 30, 2020: 16,840,976 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, the economy of Japan continued to face harsh conditions including deteriorating corporate profits andstagnating personal consumption caused by the global coronavirus pandemic and the initial state of emergency. The futureremains extremely uncertain as there are signs of renewed growth in coronavirus infections.
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 of the deceased to a funeral business that islargely unaffected by economic trends, (2) the personal publishing business, which provides ideas for new photo output methods
that allow users to create complete photo collections 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 released the web childbirth announcement service “e-tayori” which connects “congratulations” and“thank you”. Also, we established a technical development center for the aerial imaging business in Sagamihara, Kanagawa
Prefecture.
Following is an overview of the business results for each segment. The result figures for each segment include internal intersegment sales.
(1) Memorial design service businessIn this business, during the first half of the year we faced a difficult struggle for income from processing photos of thedeceased due to the effects of the coronavirus pandemic, however business gradually recovered beginning from the second
half. There was also a decline in sales of funeral production tools due to the trend toward smaller funeral sizes. Sales ofequipment for printing photos of the deceased were also difficult as customers chose to delay replacing their equipment. On
the other hand, our efforts to strengthen inside sales for the “tsunagoo” service, which connects the chief mourner and funeralparticipants, succeeded in producing a steady increase in the number of contracts and number of uses.
As a new project, we worked to strengthen the “tsunagoo” functions, for example by adding the new “inori” remembrance
service that is unrestricted by time and place. We also continued to make improvements to the focus restoration tool that wehave introduced, aiming to improve the processing quality for photos of the deceased.
In terms of profit and loss, despite the reduction of advertising expenses and travel and transportation expenses, there wasan increase in personnel expenses resulting from the higher number of employees involved in image processing, and atemporary increase in expenses resulting from the relocation of our Kanto region operations center which was done in order toreduce fixed costs. These factors resulted in lower profits compared with the same period in the previous fiscal year.
As a result, sales were 2,492,188 thousand yen (97.4% compared to the previous fiscal year), and segment income was616,970 thousand yen (93.4% compared to the previous fiscal year).
(2) Personal publishing service businessThis business operates AsukaBook for the professional photography market in Japan, and MyBook for the general Japanese
consumer market. We are also engaged in OEM supply of photo albums and photo prints based on photos that were taken withsmartphones.
In the professional photographers market, our primary business of wedding photo albums saw difficult sales due to themany delayed weddings and other effects of the coronavirus pandemic. There were strong sales of products for architectural
photography and studio photography, however these are not enough to cover the decline in sales for wedding-related
photography. We also conducted online seminars and updated our ordering tools and other services.
In the general consumer market, we conducted the MyBook 20th anniversary campaign, as well as effective advertising anduse of SNS. We also conducted promotions for seasonal products such as calendars and graduation albums. As a result, salesof photo albums intended to record the growth of children were relatively strong. However sales of photo albums intended tocommemorate travel and events struggled due to the effects of the coronavirus pandemic. The same trends were also seen in
OEM supply.
In terms of income, we succeeded in reducing advertising expenses, travel and transportation expenses, and delivery
expense, and we also restructured our production workplace personnel. However there were large effects on our production
system of company-operated plants which resulted from the declining operating rate that accompanied the drop in sales, andthere was a large decrease in segment income.
As a result, sales were 3,157,864 thousand yen (80.8% compared to the previous fiscal year), and segment income was
471,074 thousand yen (51.0% compared to the previous fiscal 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” thatutilize our original technologies to project images in mid-air.
For glass ASKA3D plates, the business environment suffered from a slowdown in the signage market – particularly
overseas – as a result of the coronavirus pandemic. However on the production side, we continued working to resolve process
issues and worked to increase our supply capacity. In the future, we will increase production and reduce costs for ASKA3D
plates through the use of outside production, and will expand sales for signage applications. At the same time, at the technicaldevelopment center that we opened in June 2020 in order to shift mass-production technologies for glass ASKA3D plates inhouse, we carried out repeated production of prototype products and succeeded in production of small-size plates with aconsistent level of quality. In the future, we will accelerate research and development for stabilizing and improving quality,and for increasing plate size.
For plastic ASKA3D plates, much attention is being given to the use of aerial imaging for touchless operations. We received
numerous inquiries and proceeded with sample sales for the use of plates incorporated into customer products. We succeeded
in development of the 250 mm square plates for which there was strong demand, and began supplying samples. In the future,
we will work to acquire mass-production orders for plates that will be incorporated in customer products.
In the area of marketing, in addition to sales through our own marketing activities in the Japan market, we are also
conducting sales through agents in three locations in overseas markets. The coronavirus pandemic has resulted in numerous
difficulties including canceled exhibitions, delays in progress on various projects, and restrictions on marketing activities. On
the other hand, we have seen growing numbers of product installations and verification tests, as well as cases ofcommercialization by business partners, and we are continuing to make progress in acquiring orders.
In terms of profit and loss, despite the reduction of advertising expenses and travel and transportation expenses, the higher
R&D expenses for improvements to ASKA3D plates and the establishment of a technical development center resulted inhigher advance expenses during this fiscal year.
As a result, sales were 124,221 thousand yen (112.2% compared to the previous fiscal year), and segment loss was 272,628
thousand yen (compared to a loss of 236,097 thousand yen in the previous fiscal year).
As a result of the above, sales were 5,773,644 thousand yen (87.8% compared to the previous fiscal year). In terms of income,due to a decrease in segment income in the personal publishing service business, ordinary income was 330,836 thousand yen(46.6% compared to the previous fiscal year) and net income was 225,503 thousand yen (45.0% compared to the previous fiscal
year).

(2) Overview of the Financial Status during this Fiscal Year
(Overall situation)
Total assets at the end of this fiscal year decreased by 142,338 thousand yen to reach 6,465,349 thousand yen. This decrease
was primarily due to a decrease in cash and deposits of 145,728 thousand yen. The equity ratio also increased by 3.1 points
from the end of the previous fiscal year to reach 90.1%.
(Current assets)
Current assets at the end of this fiscal year decreased by 50,578 thousand yen from the end of the previous fiscal year toreach 3,071,195 thousand yen. While there was an increase of 50,716 thousand yen in work in progress, this decrease wasprimarily due to a decrease in cash and deposits of 145,728 thousand yen.
(Fixed assets)
Fixed assets at the end of this fiscal year decreased by 91,760 thousand yen to reach 3,394,153 thousand yen. This decrease
was primarily due to a decrease in investments and other assets of 80,552 thousand yen resulting from cancellation of
insurance.

(Current liabilities)
Current liabilities at the end of this fiscal year decreased by 216,748 thousand yen from the end of the previous fiscal year toreach 633,121 thousand yen. This decrease was primarily due to a decrease of 71,700 thousand yen in income taxes payable
and a decrease of 100,000 thousand yen in the provision for directors’ retirement benefits.
(Fixed liabilities)
Fixed liabilities at the end of this fiscal year decreased by 804 thousand yen from the end of the previous fiscal year to reach
6,628 thousand yen.
(Net assets)
Net assets at the end of this fiscal year increased by 75,213 thousand yen from the end of the previous fiscal year to reach
5,825,599 thousand yen. This increase was primarily due to an increase of 57,093 thousand yen in retained earnings.

(3) Overview of cash flows in this fiscal year
Despite a decrease in capital investment, as a result of the decline in net income, cash and cash equivalents (hereafter referred
to as “Funds”) at the end of this fiscal year decreased by 145,728 thousand yen from the end of the previous fiscal year to reach
1,410,088 thousand yen.
(Cash flows from operating activities）
Net Funds acquired as a result of operating activities during this fiscal year was 359,336 thousand yen (compared to 849,178
thousand yen acquired during the previous fiscal year). The primary factors affecting this result were pre-tax net income of
328,082 thousand yen and depreciation expenses of 411,169 thousand yen on one hand, and the payment of 169,181 thousand
yen in income taxes on the other.
(Cash flows from investing activities）
Net Funds expended as a result of investment activities during this fiscal year was 335,819 thousand yen (compared to774,047 thousand yen expended during the previous fiscal year). This was primarily due to the acquisition of 350,105 thousand
yen in tangible fixed assets.
(Cash flows from financing activities）
Net Funds expended as a result of financing activities during this fiscal year was 169,864 thousand yen (compared to 187,583
thousand yen expended during the previous fiscal year). This was primarily due to the payment of 168,915 thousand yen in
dividends.

(4) Future Outlook
Information about the future outlook and about the risks associated with the coronavirus pandemic is provided below.
Beginning from the fiscal year ending April 30, 2022, the memorial design business will be renamed the funeral business, thepersonal publishing business will be renamed the photo book business, and the aerial imaging business will be renamed theaerial display business. Each of these businesses is listed below using their new names.
In the outlook for the next fiscal year, we expect extremely difficult conditions as a result of factors including the prolonged
slowdown caused by the COVID-19 outbreak.
Our company is operating a business that is consistent with the current times in which services are customized to meet
individual needs even for minimum lot sizes, and aims to capture stable demand. Although we have constructed strong businessmodels in both the funeral business and photo book business, we recognize that the effects of the coronavirus pandemic are an
issue facing a recovery in sales. In the aerial display business where we are challenging ourselves and working to create a newmarket, more time has been required to achieve profitability than we initially expected. However there has been strong interestin the use of aerial imaging operations, and we will make use of this opportunity to achieve a large leap forward. We will also
continue to challenge ourselves in the development of new business and services.
The coronavirus pandemic has had a large effect on society, and there is the possibility that customer needs in our areas ofbusiness may undergo large permanent changes. We recognize that it is important to develop products and services that can
respond quickly to such changes in customer needs.
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 year ending April 30, 2022.
In the funeral business, funerals are currently small in size and sales of funeral production tools and related products have

declined. We are expecting that funeral formats will return to normal, however, sales of those funeral products will be still weak.
In the photo book business, orders for the wedding albums that are our main product in the professional photographer market
declined as weddings were postponed. We are expecting that these conditions will continue through the second quarter of thecoming fiscal year and that demand will begin to return starting from the third quarter. The environment in the consumer market
will be negative until the second quarter of the fiscal year ending April 30, 2022, with fewer opportunities for photography as
people refrain from traveling and attending events. In the aerial display business, although COVID-19 has increased the focus
on aerial imaging for achieving touchless operations, our marketing activities were restricted due to issues such as the need torefrain from business travel, particularly overseas business travel. Consequently we have planned for the risk that projects may
be delayed and progress on new marketing may be limited. Our expectation is that the signage market, which has been subdued
as a result of to the pandemic, will become active again starting from the second half of the fiscal year ending April 30, 2022.
Based on these difficult conditions, we will be taking the following actions in each business area.
In the funeral business, we will prominently promote the superiority that comes from our strength in image processing
technologies and the application of focus correction tools 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 thepresence of “tsunagoo” and other new services.
In the photo book business, we will continue to challenge new markets such as architectural photography and studio
photography. At the same time, we will launch new products, conduct online seminars, and reinforce our data delivery service
for the professional photographer market, aiming to deepen our connections with customers. In terms of production, we will
carry out capital investment including replacing printing machines and introducing inspection equipment as we work tostrengthen the MyBook brand in consumer markets.
In the aerial display business, we will expand sales of plastic ASKA3D plates for incorporation into customer products thatprovide touchless operations, and will work to acquire mass production orders for plastic ASKA3D plates. With the glass
ASKA3D plates intended for signage applications, we will focus on orders as the signage market recovers. In overseas sales, wewill carry out efficient marketing activities in collaboration with our agents, and will expand our network of overseas agents.
For outside production of glass ASKA3D plates, we will add production equipment, reduce costs, and strengthen production
capacity. At the technical development center which began operating last year, we will invest in the equipment and expand thefloor space which are devoted to developing production technologies. Although this will result in higher R&D costs, we intend
to accelerate research and development for production of large-size plates.
Based on the above, in the forecast for the year ending April 30, 2022, with consideration for the effects of the COVID-19
pandemic, capital expenditure for new printing machines in the photo book business, and higher R&D expenses at the technicaldevelopment center in the aerial display business, we are forecasting sales of 6,270 million yen (108.6% compared to thecurrent year), operating income of 285 million yen (102.7%), ordinary income of 285 million yen (86.1%), and net income of
200 million yen (88.7%).
Although we have incorporated the above assumptions regarding changes and effects on demand resulting from thecoronavirus pandemic, there are many uncertain elements, and any change in these assumed conditions potentially may also
affect the business forecast. The aerial display business and other new business areas also involve technological research andmarketing 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, and actual 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, 2020)
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, 2021)

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

1,815,088―
775,996
220,028
99,80086,77032,01145,718(4,218)3,121,774

3,071,195

1,372,631(466,762)

1,448,017(518,700)

905,868

929,317

26,606(12,876)

26,606(14,042)

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)
Tools, equipments, and fixtures
Accumulated depreciation
Tools, equipments, and fixtures (net)Land

13,72912,563

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

1,769,091(1,301,195)

448,625

467,896

10,158(6,160)2,182(1,111)

3,997

1,071

413,315(261,686)

452,384(269,114)

151,628

183,270844,060

844,060

Construction in progress

67,613

16,176

Total tangible fixed assets

2,435,524

2,454,356

Patents etc.
Software
Others13,644
193,348
14,58010,165
213,201
1,375

Total intangible fixed assets

221,573

224,742

Total investments and other assets
Investment securities
CapitalLong term advanced payment
Deferred tax assets
Others523,634
10
8,743
142,655
153,773

533,20410
12,31596,30373,220Total investment and others

828,816715,054

3,485,914

3,394,153

6,607,688

6,465,349

Intangible fixed assets

Total fixed assets
Total assets

(Units: 1,000s yen)Previous fiscal year
(Ended April 30, 2020)
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
Other capital surplus
Total capital surplus

Current fiscal year
(Ended April 30, 2021)

167,630
162,859
81,281
87,10041,704
13,230150,900
100,000
45,163

163,342
146,716
81,92915,40015,766
18,552
153,650―
37,763849,870

633,121

6,009
1,423

5,351
1,277

7,432

6,628

857,303639,750

490,300

490,300

606,585―

606,5857,737

606,585

614,322

Retained earnings
Legal retained earnings
Other retained earnings
Retained earnings

1,693

1,693

4,922,770

4,979,863

Total retained earnings

4,924,463

4,981,556

Treasury stock(269,031)(265,577)

Total shareholders' equity

5,752,316

5,820,602(1,930)4,997

Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets(1,930)4,997

5,750,385

5,825,599

6,607,688

6,465,349

(2) Profit and loss statement(unit:1000s yen)Previous fiscal year
(May 1, 2019-April 30, 2020)

Current fiscal year
(May 1, 2020-April 30, 2021)

1,696,939
4,039,295
839,720

1,703,638
3,292,259
777,747

6,575,955

5,773,644

848,149

879,861

100,9091,840,722

98,8101,741,652

1,941,632

1,840,462

28,184
98,81018,543143,020

1,814,637

1,678,898

Stock of goods at beginning of the year
Cost of goods sales during year

72,033600,091

91,986528,607

Total

672,124

620,594

Transfer to other accounts
Stock of goods at year end

9,492
91,986

16,94877,008Net Sales
Sales from service
Product sales
Sales of finished goods
Total sales
Cost of sales
Cost of service
Cost of product sales
Stock of product at beginning of the year
Cost of product sales during year
Total
Transfer to other accounts
Stock of product at year end
Cost of production sales
Cost of goods sales

Cost of goods sales

570,646

526,636

3,233,434

3,085,397

Gross profit

3,342,521

2,688,247

Selling, general, and administrative expenses

2,633,408

2,410,788

Total cost of sales

Operating income

709,112277,458

Non-operating income
Interest received
Interest from invested securities
Dividends received
Commissions received
Foreign exchange gains
Insurance cancellation refund
Grant income
Others

597
411
950
360
―
―
―
1,426

129
487
1,275
289
422
32,60014,630
3,542

Total non-operating income

3,746

53,377

2,289

―

2,289

―

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

710,569

330,836

Extraordinary income
Profit from sales of fixed asset

133

329

Total extraordinary income

133

329

166
14,7503,083―

Extraordinary losses
Loss on retirement of fixed assets
Loss on valuation of investment securities
Total extraordinary losses
Net income before taxes

14,916

3,083

695,787

328,082(unit:1000s yen)Previous fiscal year
(May 1, 2019-April 30, 2020)

Current fiscal year
(May 1, 2020-April 30, 2021)

Current income taxes etc.
Income tax adjustment

215,564(21,415)

59,261
43,317

Income taxes

194,148

102,579

Net income

501,638

225,503(3) Statement of cash flows(unit:1000s yen)Previous fiscal year
(May 1, 2019-April 30, 2020)

Current fiscal year
(May 1, 2020-April 30, 2021)

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

328,082
411,169
2,065
2,750

―

(658)

100,000(1,547)
(411)
1,493
―
―
14,750(133)
166(100,000)(1,404)(487)(618)(14,630)(32,600)
―
(329)
3,083

29,036

19,619(63,551)(1,550)(7,833)30,348(68,481)(4,287)(7,400)(24,392)

Subtotal

1,158,653

511,481Interest and dividends received
Grant received
Income taxes paid

2,014―
(311,490)

2,406
14,630(169,181)

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)
Subsidy income
Insurance cancellation refund
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

849,178

359,336

Cash flows due to investing activities
Purchase of property, plant, and equipment
Sales of tangible fixed assets
Purchase of intangible fixed assets
Purchase of investment securities
Collection of loans receivable
Payments into time deposits
Proceeds from withdrawal of time deposits
Others(548,308)―(98,370)(305,394)―(405,000)
605,000(21,974)(350,105)
420(96,152)―
108,887(405,000)
405,000
1,132

Cash flows due to investing activities(774,047)(335,819)(185,501)(183)(1,897)(168,915)―(948)(187,583)(169,864)

Cash flows due to financing activities
Cash dividends paid
Purchase of treasury stock
OthersCash flows due to financing activities
Effect of exchange rate on cash and cash equivalents(1,493)618

Net increase (decrease) in cash and cash equivalents(113,946)(145,728)

Balance of cash and cash equivalents at beginning of year

1,669,763

1,555,817

Balance of cash and cash equivalents at end of quarter

1,555,817

1,410,088

(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.
Previous fiscal year (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

Current fiscal year (May 1, 2020 – April 30, 2021)(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)

2,492,188

3,157,864

123,591

5,773,644―

5,773,644

―

―

630

630

(630)

―

2,492,188

3,157,864

124,2215,774,274(630)

5,773,644

616,970471,074(272,628)

815,416(537,957)

277,458

32,775279,11466,457378,348

32,821

411,169

Other term
Depreciation

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