Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2024
(Under IFRS)
Listed company:
Code No.:

Geniee Inc.
6562

Representative:(Title/post)

Contact liaison:(Title/post)

November 9, 2023
Listed stock exchange: TSE
URL https://en.geniee.co.jp
Representative Director,
President & CEO
Senior Executive Officer (CFO)and Head of Investment
Strategy Dept.

(Name) Tomoaki Kudo

Schedule date of first quarter
November 9, 2023
report submission:
Preparation of supplementarymaterial on financial results:Yes
Holding of financial results briefing: 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 second quarter of FY2023(April 1, 2023 - September 30, 2023)(1) Consolidated operating results
Net sales

1H FY2023
1H FY2022

Gross profit

Operating income

Income before
income taxes

millionyen%

millionyen%

millionyen%

million
yen

3,758

23.7

2,873

18.5

880

99.9

690

3,038-

2,425-440-

467

Net income per share
1H FY2023
1H FY2022(% indicates YoY change)
Total
comprehensive
incomemillion%%yen

Net income
attributable toowners of the parent

Net income
million
yen

%

47.7

635

97.4

632

92.9

1,738

344.3

-

322-

327-

391

-

%

millionyen

Diluted net income per share
Yen

Yen

35.76

35.74

18.52

18.52

(2) Status of consolidated finances

million yen

million yen

million yen

Ratio of equity
attributable to owners of
the parent to total assets%

18,703

6,802

6,760

36.1

17,8555,033

4,994

28.0

Total assets

1H FY2023
FY2022Equity attributable toowners of the parent

Total equity

2. Status of dividends
Total annual dividends

FY2022
FY2023
FY2023(forecast)End of 1Q

End of 2Q

End of 3Q

Year-end

Yen

Yen

Yen

Yen

Yen

－

0.00

－

0.00

0.00

－

0.00
－

0.00

0.00

0.00

－

1

Total－3. Consolidated earnings forecast for FY2023 (April 1, 2023 to March 31, 2024)
Revenue

FY2023Gross profit(% indicates YoY change)

Operating Income

Income before
income taxes

Net income
attributable toowners of theparent

Net income

Basicearnings
per share

millionyen%

millionyen%

millionyen%

millionyen%

millionyen%

million
yen%

(Yen)

9,600

48.7

7,800

51.7

2,000

△18.6

1,900

△16.6

1,500

△28.9

1,500

△29.1

84.78

(Note) Revision of earnings forecast from the most recently announced forecast: None.

*Notes(1) Movement of important subsidiaries during consolidated cumulative quarter under review (movements of designatedsubsidiaries incidental to change in scope of consolidation): None.

(2) Changes in accounting principles, changes in accounting estimates, and restatements
1) Change in accounting principles incidental to revisions to accounting standards, etc.:Yes
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)

1H FY2023

18,051,700

shares

FY2022

2) Treasury stock as of end of term

1H FY2023

361,076

shares

FY2022

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

1H FY202317,686,056

shares1H FY2022

18,048,200 shares
365,276

shares17,703,242 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(Cautionary statement regarding 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 November 9, 2023.

－2－

Consolidated Financial Statements
Consolidated Statements of Financial Position

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
GoodwillIntangible assets
Other financial assetsDeferred tax assets
Other non-current assets
Total non-current assets
Total assets

Liabilities
Current liabilities
Trade and other payables
Borrowings
Lease liabilities
Income tax payable
Other current liabilities
Total current liabilities
Non-current liabilities
Borrowings
Lease liabilities
Provisions
Other financial liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities
EquityShareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Other components of equity
Equity attributable to owners of the parent
Non-controlling interests
Total equity
Total liabilities and equity－3－

As of March 31, 2023

(Thousands of yen)
As of September 30, 2023

2,875,883
2,446,381
1,012
6,606
341,633
5,671,516

2,406,894
2,757,718
516
7,965
447,438
5,620,533

471,006
502,184
9,423,377
1,183,418
479,582
99,432
24,636
12,183,637
17,855,154

449,932
349,595
10,380,344
1,373,478
386,880
114,101
28,981
13,083,313
18,703,847

As of March 31, 2023

(Thousands of yen)
As of September 30, 2023

1,828,382
7,255,607
356,602136,264
751,307
10,328,164

1,803,319
7,203,172
270,560
142,118
723,259
10,142,429

1,102,048
177,790
178,167
1,020,927
14,8882,493,821
12,821,986

864,142
102,121
178,740
594,960
19,292
1,759,257
11,901,687

1,549,591
1,145,229
2,545,093(329,828)
84,765
4,994,852
38,316
5,033,168
17,855,154

1,551,112
1,169,609
3,177,635(325,599)
1,187,328
6,760,086
42,0736,802,160
18,703,847

Consolidated Statements of Income(Thousands of yen)
For the fiscal year
For the fiscal year
ended September 30, 2022 ended September 30, 2023
3,038,957
3,758,684

Revenue
Cost of sales

613,469

885,027

Gross profit

2,425,487

2,873,656

Selling, general and administrative expenses

1,909,807

2,547,813

Other income

323

558,667

Other expenses

75,377

3,630

Operating profit

440,626

880,879

Financial income

54,10820,722Financial expense

27,251

210,930

Income before income taxes

467,483

690,671

Income taxes

145,362

54,787

Net income

322,121635,884

Owners of the parent

327,928

632,542Non-controlling interests(5,806)

3,342

Net income

322,121635,884

Basic (Yen)

18.52

35.76

Diluted (Yen)

18.52

35.74

Net income attributable to:Interim earnings per share－4－

Consolidated statements of cash flows
For the fiscal year
ended September 30, 2022

(Thousands of yen)
For the fiscal year
ended September 30, 2023

Profit before income taxes

467,483

690,671

Depreciation and amortization

298,025

355,142－△549,682

Cash flows from operating activities

Other income
Other expense

75,000－Financial income△54,673△20,722

Financial expense

17,724

210,930

Decrease (increase) in trade and other receivables

104,104△211,774

△705

495

Increase (decrease) in trade and other receivables

94,468△104,191

Others△35,899△187,822

Subtotal

965,528

183,046

4,213

4,338

Interest paid

△14,596△45,939

Income taxes refund (paid)△175,430△28,147

Miscellaneous expenses and other paid

△75,000－

Net cash provided by (used in) operating activities

704,714113,297△107,413△1,878Decrease (increase) in inventories

Interest and dividends received

Cash flows from investing activitiesPurchase of property, plant and equipment
Proceeds from sale of intangible assets
Purchase of intangible assets－16,386△313,377△368,160

Net decrease (increase) in short-term loans receivable

－

△553

Proceeds from sale of investment securities－

144,982△48,610△29,083

Proceeds from refund of invested capital

915－

Payments for acquisition of subsidiaries△70,000－

Payments for acquisition of businesses－△20,000

Others47

1,181△538,438△257,124

Payments of leasehold and guarantee deposits

Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from issuance of shares
Net increase (decrease) in short-term loans payable－3,041

49,600△45,500

Proceeds from long-term borrowings

350,000

100,000

Repayments of long-term borrowings△231,345△344,841

Repayments of lease obligations△139,146△170,591

Purchase of treasury shares△31,261－△457,891

Net cash provided by (used in) financing activities△2,153

Effect of exchange rate change on cash and cash equivalents

70,706

132,729

Net increase (decrease) in cash and cash equivalents

234,828△468,988

Cash and cash equivalents at beginning of period

1,476,761

2,875,883

Cash and cash equivalents at end of period

1,711,590

2,406,894－

5－