Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (Based on J-GAAP)
Listed company
Code No.

Geniee Inc.
6562

Representative(Title/post)

May 12, 2022
Listed stock exchange: TSE
URL https://geniee.co.jp
Representative Director, President
& CEO
CFO

Contact liaison(Title/post)
Schedule date of regular general
June 28, 2022
meeting of shareholders
Schedule date of marketable
June 28, 2022
securities report submission
Supplemental earnings summary materials created: YesEarnings conference held: Yes(Name) Tomoaki Kudo(Name) Jun Kikukawa
Schedule date to commence
dividend payments

TEL: +81-3-5909-8177―(amounts below one million yen rounded off)
1. Consolidated earnings for FY2021 (April 1, 2020 to March 31, 2021)(1) Consolidated operating results
Net Sales(% indicates YoY change)

Operating Income

million yen

Ordinary Income

Profit attributable toowners of parent

EBITDA%million yen%

million yen%

million yen%million yen%

FY2021

14,459-738

277.5

746

400.2

1,325

125.6

335

230.2

FY202014,061(2.0)

195−

149−

587

173.7

101−

(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

FY2021369 million yen (255.4%)

FY2020 103 million yen (-%)

(Note) EBITDA = Operating income + Depreciation and amortization + Amortization of goodwill

Diluted net income pershare

Net income per share

Return on equity

Operating profitmargin

Return on assets

YenYen%%%FY2021

18.69

18.61

12.511.55.1

FY2020

5.66

5.61

3.9

3.0

1.4

(2) Status of consolidated finances
Total assets

Net assets

Equity ratio

Net assets per sharemillion yen

million yen%

Yen

FY2021

7,336

2,732

37.1

153.60

FY2020

5,652

2,657

47.0

147.12

Cash flow from financing
activities

Cash and cash equivalents
Balance at end of period(Ref.) Shareholders’ equity

FY2021

2,721 million yen

FY20202,655 million yen(3) Status of consolidated cash flow
Cash flow from operating
activities

Cash flow frominvesting activities

million yenmillion yen%Yen

FY2021

1,139(1,273)

483

1,476

FY2020431(1,456)

912

1,091

2. Status of dividends
Total annual dividends

FY2020
FY2021
FY2022(forecast)End of 1Q

End of 2Q

End of 3Q

Year-end

Total

Yen
−−

Yen
0.00
0.00

Yen
−
−

Yen
0.00
0.00

Yen
0.00
0.00

−

−−

−

−

Total dividend
amount(Total)

Dividend
payout ratio(Consolidated)

Net asset
dividend ratio(consolidated)

million yen−−%−−%−−(Note) The amounts of the second quarter and year-end dividends for the fiscal year ending March 31, 2023 are to be determined.

−1−−3. Consolidated earnings forecast for FY2022 (April 1, 2022 to March 31, 2023)
Revenue

FY2022(% indicates YoY change)

Income before
income taxes

Operating Income

Net income
attributable toowners of the parent

Net income

million yen%millionyen%

millionyen%

millionyen%

millionyen%

6,200～－

1,000～

－

900～

－

600～－

600～

－

6,600

－

1,200

－

1,100－

800

－

800－

(Note) The forecast of consolidated financial results for the fiscal year ending March 31, 2023 is calculated based on International
Financial Reporting Standards (IFRS), since the Company has decided to adopt IFRS on a voluntary basis from the fiscal year ending
March 31, 2023. For this reason, the percentage change from the actual results for the fiscal year ended March 31, 2022, when
Japanese GAAP was applied, is not shown.
(Note) From FY2022, we are changing sales of the Ad Platform Business to net sales recognition*Notes(1) Movement of important subsidiaries during fiscal year (movements of designated subsidiaries incidental to change in scope ofconsolidation): None
New companies: (Company Name); Excluded companies: (Company Name)(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
4) Restatements: None
(3) Number of issued shares (common stock)1) Number of shares issued at end of fiscal year(including treasury stock)

FY2021

18,048,200

shares

FY202018,048,200

shares2) Treasury stock as of end of term

FY2021

330,339

shares

FY2020118shares

3) Average number of shares during fiscal year

FY2021

17,965,393

shares

FY202017,980,274

shares(Ref.) Overview of nonconsolidated earnings
Nonconsolidated earnings for FY2021 (April 1, 2021 to March 31, 2022)(1) Nonconsolidated operating results(% indicates YoY change)

Net Sales

Operating Income

Ordinary Income

Net income

million yen%

million yen%

million yen%million yen%

FY2021

11,908−588

280.1

626

411.0

271

171.9

FY202012,511

(3.8)

154−

122−

99−

(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 in net sales is not listed due to the impact of changes in accounting standards
Net income per share

Diluted net income per share

YenYenFY2021

15.13

15.06

FY20205.56

5.52(2) Status of nonconsolidated finances
Total assets

Net assets

Equity ratio

Net assets per share

million yen

million yen%Yen

FY2021

6,870

2,647

38.5

149.24FY20205,417

2,668

49.2

147.76(Ref.) Shareholders’ equity

FY20212,644 million yen

FY20202,666 million yen<Reason for differences in nonconsolidated earnings between the previous fiscal year and the fiscal year under review>
During the fiscal year under review, the Company’s purchase costs decreased, resulting in a higher gross margin. For this and otherreasons, a difference has arisen between the previous year’s results and those of the fiscal year under review.

−2−* The earnings summary is not subject to audits 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 financial statements)
Financial statements will be published to our website on May 12, 2022. We will hold an earnings
conference for institutional investors and analysts on May 20, 2022.

−3−

Consolidated Financial Statements
Consolidated Balance Sheets
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
Property, plant and equipment
Buildings and structures
Tools, furniture and fixtures
Lease assets
Total property, plant and equipment
Intangible assets
Goodwill
Software
Software in progress
Total intangible assets
Investments and other assetsInvestment securities
Deferred tax assets
Deposits and guarantees
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

1,091,864
1,479,167−4−(Thousands of yen)
As of March 31, 2022

1,476,761

188,299(32,194)
2,727,136

2,032,430
346,732(40,465)
3,815,459

284,197
50,846
112,007447,052

304,989
50,879115,177
471,046

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

1,416,166
938,576
247,3312,602,074

142,255
68,768224,305
17,849(49,550)
403,627
2,924,905
5,652,042

148,420
90,667244,286
19,677(55,374)
447,677
3,520,798
7,336,257

(Thousands of yen)
As of March 31, 2022

As of March 31, 2021
Liabilities
Current liabilities
Accounts payable
Short-term borrowings
Current portion of long-term borrowings
Lease liabilities
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease obligations
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
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
Non-controlling interests
Total net assets
Total liabilities and net assets−5−

1,012,031
426,500
160,928
68,62839,062
83,701
363,582
2,154,435

1,512,647
821,600
396,825
53,051
181,932
121,765
401,077
3,488,898

650,988
62,325
126,963
840,276
2,994,712

888,88676,860
144,208
4,854
1,114,810
4,603,708

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

1,549,591
1,122,316
306,704(299,552)
2,679,061(2,581)
13,934
11,353
2,095
2,657,329
5,652,042

2,361
40,00742,3692,896
8,221
2,732,548
7,336,257-

Consolidated Statements of Income(Thousands of yen)
For the fiscal year
ended March 31, 2022

For the fiscal year
ended March 31, 2021
Net sales

14,061,504

14,459,453

Cost of sales

11,453,116

10,676,184

Gross profit

2,608,387

3,783,268

Selling, general and administrative expenses

2,412,712

3,044,686

195,674

738,581

353

461

5,869

1,524

Operating income (loss)
Non-operating income
Interest income
Foreign exchange gains
Gain on investment in partnership-41,415

Management guidance fees

7,800

400

Other

1,808

2,468

Total non-operating income

15,831

46,269Interest expenses

10,44523,669Commission fee

23,7584,869

Loss on the transfer of accounts receivables

9,270

Miscellaneous loss

10,130

6,251

Other

8,683

3,729

Total non-operating expenses

62,28838,520149,217746,331Gain on reversal of subscription rights to shares

189

181

Total extraordinary income

189

181

Non-operating expenses

Ordinary income (loss)-

Extraordinary income

Extraordinary losses
Loss on sale of shares in an affiliated company

8,094

-

Impairment loss-

216,763

Loss on retirement of fixed assets-

30,181

Special severance payment

4,334

-

Damage compensation

1,295

-

Total extraordinary losses

13,724

246,944

Profit (loss) before income taxes

135,682499,568

Income taxes - current

33,046

183,147

Income taxes - deferred

1,148(21,899)

Total income taxes34,194

161,247

Net income (loss)

101,488338,320

Loss attributable to non-controlling interests

(223)

2,458

Profit (loss) attributable to owners of parent

101,711335,862−6−

Consolidated statements of cash flows(Thousands of yen)
For the fiscal year
ended March 31, 2022

For the fiscal year
ended March 31, 2021
Cash flows from operating activities
Profit (loss) before income taxes

135,682499,568

Depreciation and amortization

303,058

412,226

Amortization of goodwill

88,767

174,557－216,763

Impairment loss
Loss (Gain) on sales of stock of subsidiaries and affiliates

8,094-－(41,415)

Foreign exchange losses (gains)(8,027)(11,968)

Increase in allowance for doubtful accounts

5,806

1,566

Increase (decrease) in provision for bonuses

16,387

34,113

(353)

(461)

Loss (Gain) on sales of investment securities

Interest income
Interest expense
Decrease (increase) in trade receivables
Decrease (increase) in inventories

10,44523,669(314,673)(497,384)

5,321

-

Increase (decrease) in notes and accounts payable - trade237,578

522,527

Other, net(34,886)(164,163)

Subtotal

453,202

1,169,597

353

34,076(10,445)(23,669)434-

Interest and dividends received
Interest paid
Refund of income taxes
Income taxes paid

(12,243)(40,120)

Net cash provided by (used in) operating activities

431,300

1,139,885

Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets(2,436)(46,694)(593,277)(675,726)-

12,782Distributions from an investment partnership
Payments for sales of investment in subsidiaries resulting in change inscope of consolidation
Purchase of investment in subsidiaries resulting in change in scope ofconsolidation
Collection of long-term loans receivable
Payments for lease deposit and guarantee deposit
Other, net
Net cash provided by (used in) investing activities(831)-(862,637)(544,929)

5,255

-

(2,576)(19,499)235

129(1,456,268)(1,273,938)

Cash flows from financing activities
Proceeds from issuance of common stock

8,520

-

Purchase of treasury shares
Purchase of investment in subsidiaries resulting in non-change in scope ofconsolidation
Proceeds from short-term borrowings-(299,378)(5,183)-618,500

1,209,000

Repayments of short-term borrowings(292,000)(813,900)

Proceeds from long-term borrowings

800,000

800,000

Repayments of long-term borrowings(138,092)(326,205)

Repayments of lease obligations(79,302)(85,805)

Net cash provided by (used in) financing activities

912,441

483,710

Effect of exchange rate change on cash and cash equivalents

6,849

37,851

Net increase (decrease) in cash and cash equivalents(105,676)

387,509

Cash and cash equivalents at beginning of period

1,197,540

1,091,864-Decrease in cash and cash equivalents resulting from deconsolidation of subsidiaries

Cash and cash equivalents at end of period

1,091,864−7−(2,611)
1,476,761