Summary of Consolidated Financial Statement
for the Three Months Ended March 31, 2024 [IFRS]May 9, 2024
Listed Market: TSE
SEPTENI HOLDINGS CO., LTD.
Stock Code: 4293 URL: https://www.septeni-holdings.co.jp/en
Representative: Representative Director, Group President and Chief Executive Officer Yuichi Kouno
Contact Person: Group Senior Executive Officer Tei Go, Telephone: +81-3-6857-7258
Anticipated Financial Report Filing Date:
May 10, 2024
Anticipated Dividend Payment Date:―
Supplemental Earnings Presentation Materials:
Available
Earnings Presentation Meeting:
Held for institutional investors, analysts, media(All figures of less than 1 million yen are rounded down to the nearest digit)

1. Consolidated Financial Results for the Three Months Ended March 31, 2024 (From January 1, 2024 to March 31, 2024)(1) Consolidated Financial Result (Cumulative)(% figures represent year-over-year change)
Revenue
Million Yen

1Q FY12/24
1Q FY12/23

7,292
6,592

Non-GAAP
operating profit

Operating profit

Profit before tax

Profit attributable toowners of parent

Profit% Million Yen% Million Yen% Million Yen% Million Yen%

Million Yen

%

―
―

―
―

―
―

―
―

―
―

3,489
583

―
―

1,259
1,027

1,274
1,076

1,736
993

3,471
568

(Note) 1. Non-GAAP operating profit is a profit indicator of constant business performance determined by excluding gain and loss related to acquisition
actions such as amortization of acquisition-related intangible assets and M&A expenses, and temporary factors such as share-based payment
expenses, impairment loss, and gain or loss on the sales of fixed assets from the IFRS-based operating profit.
2. As the fiscal year ended December 31, 2023 is 15 months due to a change in the fiscal year-end, 1Q of FY12/23 is from October 1, 2022 to
December 31, 2022 and 1Q of FY 12/24 is from January 1, 2024 to March 31, 2024, and the rate of year-over-year change is not stated.
3. As the results of COMICSMART INC. and its subsidiaries, etc. have been reclassified as discontinued operations, revenue, operating profit, NonGAAP operating profit and profit before tax represent the amount of continuing operations, excluding discontinued operations.

Basic earnings per
share
1Q FY12/24
1Q FY12/23

Diluted earnings per
share

Yen

Yen

16.85
2.78

16.81
2.78

(2) Consolidated Financial Position
Total assets

1Q FY12/24
FY12/23

Equity attributable to ownersof parent

Total equity

Ratio of equity attributable toowners of parent to total
assetsMillion Yen

Million Yen

Million Yen%

99,176
93,606

68,12165,70568,06965,59468.6
70.1

2. Dividends
Dividends
End of 1Q

End of 2Q
Yen

FY12/23
FY12/24
FY12/24
Estimate

End of 3Q
Yen――

End of 4Q
Yen

Term-end
Yen

Total
Yen

Yen

―

―

―

5.20

5.20

―

―

―

7.90

7.90

(Note) Revision to the most recently announced dividends estimates: None

3. Consolidated Forecasts for the Fiscal Year Ending December 31, 2024 (From January 1, 2024 to December 31, 2024)
Revenue
Full Year

Non-GAAP operating profit(% figures represent year-over-year change)
Profit for the period
attributable to owners of
Basic earnings per shareparentMillion Yen%

Million Yen%

Million Yen%

Yen

31,000

―

4,700

―

6,500

―

31.35

(Note) 1. Revision to the most recently announced consolidated forecasts: None
2. As the fiscal year ended December 31, 2023 is 15 months due to a change in the fiscal year-end, the rate of year-over-year change is not stated.

*Others(1) Material changes in subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidations) :None(2) Changes in accounting policies and accounting estimates
Changes in accounting policies required by IFRS:
Changes in accounting policies other than IFRS requirement:
Changes in accounting estimates:(3) Number of issued and outstanding shares (common shares)
Issued and outstanding shares at the end of fiscal year
1Q FY12/24(incl. Treasury shares):
Treasury shares at the end of fiscal year
1Q FY12/24
Average number of shares outstanding:
1Q FY12/24

None
None
None

211,079,654 FY12/23

211,079,654

3,964,545 FY12/23
207,115,109 1Q FY12/23

3,964,545
209,382,163*The summary of consolidated financial statements is not subject to the auditing by the Certified Public Accountants or theaudit corporation.
*Notes for using forecasted information and others(1) Consolidated Forecasts
Any description regarding the future in this material, such as financial results forecasts and an outlook, is based on
the available information and certain conditions which the Company believes to be reasonable at the moment, and actual
financial results may differ from the forecasts due to various factors.
For the conditions which the forecasts are based on, please refer to “1. Qualitative Information on the Quarterly
Financial Result (2) Explanation of Earnings Forecasts and Other Forward-Looking Information.”(2) Way of getting supplemental material of annual results
The Company will hold a financial results briefing as below. The briefing materials will be available on the website
after the summary of consolidated financial statements is disclosed. The transcript of the briefing will be also available
on the website.
May 9, 2024 (Thu.) – FY12/2024 First Quarter Financial Results Briefing for Institutional Investors, Analysts and thePressIndex1. Qualitative Information on the Quarterly Financial Results………………………………………………………. 2(1) Explanation of Financial Results ……………………………………………………………………………. 2(2) Explanation of Earnings Forecasts and Other Forward-Looking Information ……………………………… 3
2. Quarterly Consolidated Financial Statements and Key Notes …………………………………………………... 4(1) Quarterly Consolidated Statement of Financial Position ……………………………………………………
4(2) Quarterly Consolidated Statement of Profit or Loss and Quarterly Consolidated Statement of
6
Comprehensive Income ……………………………………………………………………………………...
(3) Quarterly Consolidated Statement of Changes in Equity …………………………………………………… 8(4) Quarterly Consolidated Statement of Cash Flow …………………………………………………………....
9(5) Notes on Quarterly Consolidated Financial Statements ....…………………………………………………. 11(i) Notes on Matters Related to Going Concern Assumption ……………………………………………... 11(ii) Information on Reportable Segments ………………………………………………………….….…... 11-1-

1. Qualitative Information on the Quarterly Financial Results(1) Explanation of Financial Results
Due to a change in the fiscal year-end, the previous fiscal year is the 15-month period from October 1,
2022 to December 31, 2023, and the rate of year-over-year change in consolidated results on a financial
reporting basis is not stated.
As the results of COMICSMART INC. and its subsidiaries, etc. have been reclassified as discontinued
operations, revenue, operating profit, Non-GAAP operating profit represent the amount of continuing
operations, excluding discontinued operations.
In the first quarter of the fiscal year under review (hereinafter “the current quarter”), in the main DigitalMarketing Business, in addition to expansion of existing projects centered on large clients, the Company
promoted the collaboration with the Dentsu Group. In the Media Platform Business, the Company advanced
efforts to create new profit opportunities with the aim of adapting to the post-COVID environment.
Quarterly profit attributable to owners of parent increased significantly due to the gain on the partial
transfer of shares of COMICSMART INC.
As a result, revenue was ¥7,292 million, operating profit was ¥1,259 million, Non-GAAP operating profit
was ¥1,274 million, and quarterly profit attributable to owners of parent was ¥3,489 million.
The Group discloses consolidated financial results in terms of both its internal measures which
management relies upon in making decisions (hereinafter the “Non-GAAP financial measures”) and thoseunder IFRS. Non-GAAP operating profit is a profit indicator of constant business performance determined by
excluding gains and losses related to acquisition actions and temporary factors from the IFRS-based operating
profit. Management believes that the disclosure of Non-GAAP financial measures facilitates comparison
between the Group and industry peers and year-on-year comparisons by stakeholders and can provide useful
information in understanding the underlying financial results and outlook of the Group. Gain and loss related toacquisition actions refer to amortization of acquisition-related intangible assets and M&A expenses, andtemporary factors refer to one-off items, such as share-based payment expenses, impairment losses, and gains
or losses on sales of fixed assets, which the Group believes shall be excluded for the purposes of preparing an
outlook based on certain rules.
Adjustments from operating profit to Non-GAAP operating profit are as follows.
(Million yen)
1Q FY2023(Previous Consolidated
Cumulative 1Q)

Operating profit

1Q FY2024(Current Consolidated
Cumulative 1Q)

Change ofamount

1,027

1,259

232

10

10

－

39

－

-39

Adjustment (Others)

-0

4

4

Non-GAAP operating profit

1,076

1,274

198

Adjustment (Amortizationof acquisition-related
intangible assets)
Adjustment (Share-based
payment expenses)

Rate ofchange－－Operating results by reportable segment are as follows.
(i) Digital Marketing Business
The Digital Marketing Business consists of business segments that provide comprehensive DX support,
centered on digital marketing.
In the fiscal year under review, in addition to expansion of existing projects centered on large clients, theCompany promoted the collaboration with the Dentsu Group.
As a result, revenue was ¥6,912 million, and Non-GAAP operating profit was ¥1,999 million.

-2-

(ii) Media Platform Business
The Media Platform Business consists of Employment Platform Business “ViViViT”, Platform Businessof Social Contribution “gooddo”, Childcare Platform Business “TowaStela” etc.
In the fiscal year under review, the Company advanced efforts to create new profit opportunities with theaim of adapting to the post-COVID environment.
As a result, revenue was ¥418 million, and Non-GAAP operating loss was ¥9 million.
(Reference)
The following figures show the status of profit and loss and the rate of year-over-year change on acalendar year basis, assuming that the accounting period of the Group was the 12-month period from January
to December for the previous fiscal year.
Revenue was ¥7,292 million (up 3.2% year on year), operating profit was ¥1,259 million (down 6.5%
year on year), Non-GAAP operating profit was ¥1,274 million (down 11.5% year on year), and quarterly
profit attributable to owners of parent was ¥3,489 million (up 121.8% year on year).
(2) Explanation of Earnings Forecasts and Other Forward-Looking Information
There is no change in the consolidated earnings forecasts for the fiscal year ending December 2024 fromestimates revealed on February 8, 2024.

-3-

2. Quarterly Consolidated Financial Statements and Key Notes(1) Quarterly Consolidated Statement of Financial Position(Thousand yen)
FY2023(As of December 31, 2023)
AssetsCurrent assets
Cash and cash equivalents
Trade receivables
Inventories
Other financial assets
Other current assets
Subtotal
Assets held for sale

20,873,416
19,830,799
72,849101,550
1,997,253
42,875,867
807,491

Total current assets
Non-current assets
Property, plant, and equipment
Right-of-use assets
Goodwill
Intangible assets
Investments accounted for using equity
methodOther financial assets
Other non-current assets
Deferred tax assets
Total non-current assets
Total assets-4-

1Q FY2024(As of March 31, 2024)

43,683,358

25,439,736
21,427,577
64,895
1,221,511
582,174
48,735,893－
48,735,893

257,486
1,899,500
4,693,055
432,366

249,214
1,764,127
4,693,055
494,110

34,249,351

35,008,250

7,106,364
13,2601,271,250
49,922,632
93,605,990

7,088,158
5,624
1,137,994
50,440,532
99,176,424

Liabilities and Equity
Liabilities
Current liabilities
Trade payables
Other financial liabilities
Income taxes payable
Other current liabilities
Subtotal
Liabilities directly associated withassets held for sale
Total current liabilities
Non-current liabilities
Other financial liabilities
Provisions
Deferred tax liabilities
Total non-current liabilities
Total liabilities
EquityEquity attributable to owners of parent
Share capital
Capital surplus
Treasury shares
Retained earnings
Other components of equity
Total equity attributable to owners ofparentNon-controlling interests
Total equity
Total liabilities and equity-5-

19,031,397
4,414,965
421,9292,227,759
26,096,050

21,685,973
4,761,009
1,084,143
1,978,607
29,509,732

236,525－

26,332,575

29,509,732

1,369,940
152,549
46,137
1,568,627
27,901,201

1,236,438
153,555
155,433
1,545,426
31,055,157

18,428,004
25,426,993-1,396,624
23,185,222-49,731

18,428,004
25,426,993-1,396,624
25,597,425
13,231

65,593,864

68,069,028

110,925
65,704,788
93,605,990

52,23968,121,267
99,176,424

(2) Quarterly Consolidated Statement of Profit or Loss and Quarterly Consolidated Statement of Comprehensive
Income(Quarterly Consolidated Statement of Profit or Loss)

1Q FY2023(From October 1, 2022 to
December 31, 2022)(Thousand yen)
1Q FY2024(From January 1, 2024 toMarch 31, 2024)

6,592,461
1,231,527
5,360,934

7,291,526
1,309,524
5,982,002

4,328,895

4,725,398

3,408
8,725
1,026,723
470
678,725

7,416
4,631
1,259,389
1,342
139,075

644,075

614,818

992,542
250,202

1,736,474
476,090742,341

1,260,384-174,133

2,210,177

568,2083,470,561

Quarterly profit (loss) attributable to:
Owners of parent
Non-controlling interests
Total

582,626-14,418
568,2083,489,202-18,640
3,470,561

Quarterly earnings per share
Basic quarterly earnings (loss) per
share (Yen)Continuing operations
Discontinued operations
Total

3.53
-0.74
2.78

6.11
10.73
16.85

3.52
-0.74
2.78

6.10
10.71
16.81

Continuing operations
Revenue
Cost of sales
Gross profit
Selling, general and administrative
expenses
Other income
Other expenses
Operating profit
Finance income
Finance costs
Share of profit of investments
accounted for using equity method
Profit before tax
Income tax expenses
Quarterly profit from continuing
operations
Discontinued operations
Quarterly profit (loss) fromdiscontinued operations
Quarterly profit

Diluted quarterly earnings (loss) per
share (Yen)Continuing operations
Discontinued operations
Total

-6-

(Quarterly Consolidated Statement of Comprehensive Income)

1Q FY2023(From October 1, 2022 to
December 31, 2022)
568,208(Thousand yen)
1Q FY2024(From January 1, 2024 toMarch 31, 2024)
3,470,561

2,028

24,214-37,894

38,7481,856－-34,01062,961

Total quarterly comprehensive income

534,198

3,533,522

Quarterly comprehensive income attributableto:Owners of parent
Non-controlling interests
Quarterly comprehensive income

548,616-14,418
534,198

3,552,163-18,640
3,533,522

Quarterly profit
Other comprehensive income
Items that will not be reclassified to profit
or loss
Net changes in financial assets measured
at fair value through othercomprehensive income
Items that may be reclassified to profit orloss
Exchange differences on translation offoreign operations
Cash flow hedges
Total other comprehensive income, net of
tax

-7-

(3) Quarterly Consolidated Statement of Changes in Equity(Thousand yen)
Equity attributable to owners of parent

Balance at October 1, 2022

Share capital

CapitalsurplusTreasurysharesRetainedearnings

Other
componentsof equity

Total

Noncontrollinginterests

Total equity

18,428,004

25,309,728-575,707

19,671,818-128,588

62,705,254

48,81562,754,069

Quarterly profit

－

－

－

582,626－

582,626-14,418

568,208

Other comprehensive income

－

－

－

－

-34,010-34,010－-34,010－－－582,626-34,010548,616-14,418

534,198

－
－

－
－

－
227,827-962,966－－－-962,966
227,827－－-962,966
227,827－

646,457－－－

646,457

51,060697,516
41,858

Total quarterly comprehensive
incomeDividends of surplus
Disposal of treasury shares
Changes without loss of controlof subsidiaries
Other
Total transactions with owners
Balance at December 31, 2022－

43,543－－－43,543-1,684－

689,999

227,827-962,966－-45,140

49,375

4,235

18,428,004

25,999,727-347,880

19,291,478-162,599

63,208,730

83,77363,292,503(Thousand yen)
Equity attributable to owners of parent

Balance at January 1, 2024

SharecapitalCapitalsurplusTreasurysharesRetainedearnings

Other
componentsof equity

Total

Noncontrollinginterests

Total equity

18,428,004

25,426,993-1,396,624

23,185,222-49,73165,593,864

110,925

65,704,788

Quarterly profit

－

－

－

3,489,202－

3,489,202-18,640

3,470,561

Other comprehensive income

－

－

－

－

62,961

62,961－

62,961－－－

3,489,202

62,961

3,552,163-18,640

3,533,522

－
－
－

－
－
－

－
－
－

-1,076,999
－
－

－
－
－

-1,076,999－－－-35,620-4,426-1,076,999-35,620-4,426

Total quarterly comprehensive
incomeDividends of surplus
Disposal of subsidiaries
Other
Total transactions with owners
Balance at March 31, 2024

－

－

－

-1,076,999－-1,076,999-40,045-1,117,044

18,428,004

25,426,993-1,396,624

25,597,425

13,231

68,069,028

52,23968,121,267-8-

(4) Quarterly Consolidated Statement of Cash Flow

1Q FY2023(From October 1, 2022 to
December 31, 2022)(Thousand yen)
1Q FY2024(From January 1, 2024 toMarch 31, 2024)

992,542

1,736,474-185,293

3,209,136

192,091-470
6,287

171,786-1,3444,776-644,075-614,818

645,192

105,692－-3,333,342

47,655186,568-52,606-5,668-178,872-25,677
791,106
470－-9,707－-845,777-63,908-1,495,453
7,954
2,653,056-11,204
2,619,279
671
673-14,170
1,311,196-431,167
3,486,482-211,332-19,020-3,525-52,719-2,947-2,414－

1,820,365-932,830－

19,65073,301-1,147,056

1,835,585

Cash flows from operating activities
Profit before tax from continuing operations
Profit (loss) before tax from discontinued
operations
Adjustments:
Depreciation and amortization
Interest and dividend income
Interest expenses
Share of loss (profit) of investments
accounted for using equity method
Loss (profit) on valuation of securities
Loss (profit) from loss of control ofsubsidiaries
Other
Changes in working capital
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Other
SubtotalInterest received
Dividends received
Interest paid
Income taxes refund
Income taxes paid
Cash flows provided by (used in) operating
activities
Cash flows from investing activities
Purchase of securities
Purchase of property, plant, and equipment
Purchase of intangible assets
Proceeds from sale of shares of subsidiaries
with loss of control (net of cash of disposed
subsidiaries)
Purchases of investments accounted for using
equity method
Other
Cash flows provided by (used in) investing
activities-9-1Q FY2023(From October 1, 2022 to
December 31, 2022)(Thousand yen)
1Q FY2024(From January 1, 2024 toMarch 31, 2024)

1,000,000－-350-151,021-962,966
221,993-33,181－-139,508-1,076,999－-4,42674,475-1,220,932-37,894

38,748-1,174,384

4,139,883－

426,437

21,340,076

20,873,416

20,165,692

25,439,736

Cash flows from financing activities
Net increase (decrease) in short-termborrowings
Repayments of long-term borrowings
Repayments of lease liabilities
Dividends paid
Proceeds from sales of treasury shares
Other
Cash flows provided by (used in) financing
activities
Effect of exchange rate changes on cash andcash equivalents
Net increase (decrease) in cash and cash
equivalents
Net increase (decrease) in cash and cash
equivalents from transfer to assets held for sale
Cash and cash equivalents at beginning of
periodCash and cash equivalents at end of period- 10 -

(5) Notes on Quarterly Consolidated Financial Statements(i) Notes on Matters Related to Going Concern Assumption
No applicable items.
(ii) Information on Reportable Segments
1. Overview of reportable segments
The Group has a holding company structure where the Company is a holding company, and its
subsidiaries (or their groups) are business units. Activities directly related to revenue generation are conducted
solely by the business units.
The Group’s reportable segments are based on business segments for which separate financial
information is available and that the highest decision-maker examines on a regular basis to determine the
distribution of management resources and evaluate the results. In consideration of similarities among the
economic characteristics of each business segment and their quantitative importance and for the purpose of
enabling the users of the financial statements to appropriately evaluate the Group’s businesses and theeconomic circumstances, and their effects on the businesses, the Group discloses information on tworeportable segments: the Digital Marketing Business and the Media Platform Business.
i. Digital Marketing Business
The Digital Marketing Business consists of businesses that provide comprehensive DX support, mainlyin the marketing domain, such as marketing support through online-offline integration centered on the sales
and operation of digital advertising, and the development and provision of solutions utilizing data and AI.
ii. Media Platform Business
The Media Platform Business consists of Employment Platform Business “ViViViT,” Platform
Business of Social Contribution “gooddo,” Childcare Platform Business “TowaStela” etc.
This segment includes business units that have commenced operation in recent years and have not madea profit due to prior investment for revenue generation. The highest decision-maker makes decisions on the
distribution of management resources to those business units and evaluates their results, assuming risks andeconomic values that allow the Group to recover the investment costs through future revenue generation.
On March 29, 2024, the Company sold a portion of shares of COMICSMART INC., and as a result,
COMICSMART INC. and its subsidiaries, etc. were excluded from its consolidation and became equitymethod affiliates. As the results of these operations are presented as discontinued operations for the 1Q of theprevious fiscal year and for the period from January 1, 2024 to the date of loss of control, the disclosure
requirements of IFRS No. 8, “Business Segments” have not been applied.
2. Measurement of reportable segments’ profit and loss
Segment profit uses Non-GAAP operating profit based on IFRS adjusted for gains and losses related
to acquisition actions such as amortization of acquisition-related intangible assets and M&A expenses andtemporary factors such as share-based payment expenses, impairment losses, and gains and losses on sales of
fixed assets. Non-GAAP operating profit is a profit indicator of constant business performance determined by
excluding gains and losses related to acquisition actions and temporary factors from the IFRS-based operating
profit. Management believes that disclosing Non-GAAP measures facilitates comparison between the Groupand industry peers and year-on-year comparisons by stakeholders and can provide useful information inunderstanding the underlying operating results and outlook of the Group. Gains and losses related toacquisition actions refer to amortization of acquisition-related intangible assets and M&A expenses, andunusual items refer to one-off items, such as share-based payment expenses, impairment losses, and gains andlosses on sales of fixed assets, which the Group believes shall be excluded for the purposes of preparing an
outlook based on certain rules.
The prices of inter-segment transactions are determined based on the prices of transactions withexternal customers.

- 11 -

3. Information on reportable segments’ profit and loss
Previous consolidated cumulative 1Q (from October 1, 2022 to December 31, 2022)(Thousand yen)
DigitalMedia Platform
Marketing *2
6,203,082
428,207

Adjustments*3-38,828

Total

Consolidated

Segment revenue
6,631,289
6,592,461
Segment profit (loss)
1,735,530-29,357
1,706,173-630,531
1,075,641*1(Notes) 1. The segment profit is Non-GAAP operating profit.
2. The segment revenue and segment profit in the Digital Marketing Business include segment revenue
and segment loss related to JNJ INTERACTIVE INC., which was transferred on November 30, 2023.
3. Adjustments include expenses related to the operation of the holding company and the elimination of
the profit or loss transactions between reportable segments. Expenses related to the operation of theholding company consist of personnel expenses, etc.
Current consolidated cumulative 1Q (from January 1, 2024 to March 31, 2024)(Thousand yen)
DigitalMedia Platform
Marketing
6,911,595
417,731

Total

Adjustments*2-37,800

Consolidated

Segment revenue
7,329,326
7,291,526
Segment profit (loss)
1,998,659-9,192
1,989,467-715,475
1,273,992*1(Notes) 1. The segment profit is Non-GAAP operating profit.
2. Adjustments include expenses related to the operation of the holding company and the elimination of
the profit or loss transactions between reportable segments. Expenses related to the operation of theholding company consist of personnel expenses, etc.
Adjustments of segment profit (loss) and quarterly profit before tax

Segment profit (Non-GAAP operating profit)
Selling, general and administrative expenses
Amortization of acquisition-related intangible
assetsShare-based payment expenses
Other profit (loss) (net)
Financial profit (loss) (net)Share of profit of investments accounted for using
equity method
Quarterly profit before tax

1Q FY2023(From October 1, 2022 to
December 31, 2022)
1,075,641(Thousand yen)
1Q FY2024(From January 1, 2024 toMarch 31, 2024)
1,273,992-10,205-10,205-38,875
161-678,255－-4,399-137,733

644,075

614,818

992,542

1,736,474- 12 -