Consolidated Financial Results for the Fiscal Year Ended March 31, 2023
(Under IFRS)
Listed company:
Code No.:

Geniee Inc.
6562

Representative:(Title/post)

Contact liaison:(Title/post)

May 11, 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

Scheduled date of annual general
June 30, 2023
meeting of shareholders:
Scheduled date to file annual
June 30, 2023
securities report:
Preparation of supplementary material 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 financial results for the fiscal year ended March 31,2023 (from April 1,2022 to March 31,2023)(1) Consolidated operating results
Net sales

FY2022
FY2021

FY2022
FY2021Gross profit

Operating income

Income before
income taxes

Net income

millionyen%

millionyen%

millionyen%

millionyen%

millionyen%

6,455－

5,142－

2,457－

2,279－

2,110－

2,114－

2,161－

14,399－3,741－

588－

717－

539－

500－

571

－

Basic earnings per share

Diluted earnings pershare

Yen
119.52
27.87

Yen
119.45
27.73

Ratio of profit to equity
attributable to owners ofthe parent％
54.0
18.4

(2) Status of consolidated finances
Total assets

FY2022
FY2021(% indicates YoY change)
Total
comprehensive
incomemillionmillion%%yenyenNet income
attributable toowners of the parent

Equity attributable toowners of the parent

Total equity

million yen
17,855
7,659

million yen
5,033
2,884

million yen
4,994
2,841

Ratio of pre-tax
profit to total
assets
％17.9
10.6

Ratio of operating
income to net sales
％
38.1
4.1

Ratio of equity
attributable to owners of
the parent to total assets
%
28.0
37.1

(3) Status of consolidated cash flow
Cash flow from operating
activities

Cash flow frominvesting activities

Cash flow from financing
activities

Cash and cash equivalents
Balance at end of period

million yen

million yen%

Yen

FY2022

1,389(5,967)

5,926

2,875

FY2021

1,235(1,202)

316

1,476－1－2. Status of dividends
Total annual dividends
End of 1Q

End of 2Q

End of 3Q

Year-end

Yen−−

Yen
0.00
0.00

Yen
−−

Yen
0.00
0.00

Yen
0.00
0.00

−

0.00

−

0.00

0.00

FY2021
FY2022
FY2023(forecast)

Total

Total dividend
amount(Total)

Dividend
payout ratio(Consolidated)

Net asset
dividend ratio(consolidated)

million yen−−%−−%−−−

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

Net income
attributable toowners of theparent

Basicearnings
per share

millionyen%

millionyen%

millionyen%

millionyen%

millionyen%

million
yen%

(Yen)

9,600

148.7

7,800

151.7

2,000

81.4

1,900

83.4

1,500

71.1

1,500

70.9

84.78

(Note) Since we manage our business on an annual basis, we have omitted a description of our consolidated earnings forecast for thesecond quarter (cumulative). For details, please refer to “1. Overview of Business Results, etc. (4) Outlook” on page 4 of the Attachment.

*Notes(1) Movement of important subsidiaries during consolidated cumulative quarter under review (movements of designatedsubsidiaries incidental to change in scope of consolidation): Yes
New companies: (Zelto,Inc.); Excluded companies: (－)(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)

FY2022

18,048,200

shares

FY2021

18,048,200

shares2) Treasury stock as of end of term

FY2022365,276

shares

FY2021

330,339

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

FY2022

17,693,127

shares

FY2021

17,965,393

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)
The forward-looking statements contained in this document are based on the information currently available to the Group andcertain assumptions deemed reasonable by the Group. Statements in this document do not constitute a guarantee by the Groupto achieve such goals. Actual business results may differ substantially due to various factors. For details of the assumptions
underlying our forecasts and precautions regarding the use of such forecasts, please refer to “1. Overview of Business Results,etc. (4) Outlook” on page 4 of the Attachment.
(How to obtain supplementary material on quarterly results)
Geniee plans to hold a briefing for analysts on Friday, May 12, 2023. A video of this presentation will be posted on our website
shortly after the meeting.

－2－

(Application of International Financial Reporting Standards (IFRS))
From the fiscal year ended March 31, 2023, the Group has adopted the International Financial Reporting Standards(IFRS). The financial figures for the previous fiscal year are also displayed in accordance with IFRS. For the difference
between IFRS and Japanese standards pertaining to financial figures, please refer to “3. Consolidated Financial Statements
and Main Notes (5) Note on Consolidated Financial Statements (First-time Adoption)” on page 16 of the Attachment.

－3－

Consolidated Financial Statements
Consolidated Statements of Financial Position(Thousands of yen)
As of March 31, 2023

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

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

355,868
235,927
1,530,383
1,098,666
497,686
120,903
18,4303,857,866
7,659,487

471,006
502,184
9,423,377
1,183,418
479,582
99,432
24,636
12,183,637
17,855,154(Thousands of yen)As of March 31, 2022

As of March 31, 2022

ties
urrent liabilities
Trade 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

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

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

888,886
92,296144,208

1,102,048
177,790
178,167
7,602
1,028,213
2,493,821
12,821,986

1,125,391
4,775,262

hareholders' equity
hare capital
apital surplus
Retained earnings
reasury shares
Other components of equity
quity attributable to owners of the parent
Non-controlling interests
otal equity
liabilities and equity-

1,549,591
1,127,353
430,379(299,552)
34,122
2,841,894
42,3302,884,225
7,659,487－

4－

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

Consolidated Statements of Income(Thousands of yen)
For the fiscal yearFor the fiscal year
ended March 31, 2022
ended March 31, 2023
14,399,385
6,455,074

Revenue
Cost of sales

10,657,415

1,312,727

Gross profit

3,741,970

5,142,347

Selling, general and administrative expenses

2,909,378

4,006,584

Other revenue

2,868

1,683,262

Other expenses

247,265

361,912

Operating income

588,195

2,457,113

Financial income

155,261

19,961

Financial expense

26,200198,066

Income before income taxes

717,256

2,279,008

Income taxes

177,745

168,308

Net income

539,5112,110,699

Owners of the parent

500,637

2,114,713

Non-controlling interests

38,873(4,013)

Net income

539,5112,110,699

Basic (Yen)

27.86

119.52

Diluted (Yen)

27.73

119.45

Net income attributable to:Interim earnings per share－5－Consolidated statements of cash flows(Thousands of yen)
For the fiscal year
ended March 31, 2022

For the fiscal year
ended March 31, 2023

Cash flows from operating activities
Profit before income taxes

717,256

2,279,008

Depreciation and amortization

572,068

641,788

Impairment losses

203,478-

Loss (gain) on step acquisition-(1,623,082)

Loss on retirement of fixed assets-

285,302

Other costs-

75,000Financial income(153,737)(2,487)

Financial expense

25,34687,266(481,170)

308,912

564

(543)

476,209(341,626)

Decrease (increase) in trade and other receivables
Decrease (increase) in inventories
Increase (decrease) in trade and other receivables
Others(69,051)(45,856)

Subtotal

1,290,964

1,663,681

Interest and dividends received

34,076

13,946

Interest paid

(25,546)

38,262

Income taxes paid

(63,603)(251,421)-(75,000)

Miscellaneous expenses and other payments
Net cash provided by (used in) operating activities

1,235,891

1,389,468

Purchase of property, plant and equipment(46,694)(109,579)

Purchase of intangible assets(629,176)(649,716)

Payments for lease deposit and guarantee deposit-(48,275)

Proceeds from investments in capital

-

2,164

Cash flows from investing activities

Purchase of investment securities-(33,382)(520,184)(5,128,606)(6,587)

246(1,202,642)(5,967,149)

Net increase (decrease) in short-term loans payable(1,140,105)

5,728,400

Proceeds from long-term borrowings

2,009,000

1,050,000

Payments for acquisition of subsidiaries
OthersNet cash provided by (used in) investing activities
Cash flows from financing activities

Repayments of long-term borrowings-(528,056)

Repayments of lease obligations(253,107)(292,738)

Purchase of treasury shares(299,378)(31,261)

Net cash provided by (used in) financing activities

316,4095,926,344

Effect of exchange rate change on cash and cash equivalents

37,85150,458Net 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

387,509

1,399,121

1,091,864

1,476,761(2,611)
1,476,761－

6－2,875,883