Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Six Months Ended December 31, 2021
(Based on Japanese GAAP)
January 27, 2022
Company name:Computer Institute of Japan, Ltd.
Stock exchange listing: Tokyo
Stock code:4826
URL https://www.cij.co.jp/
Representative:
President and Chief Executive Officer
Executive Officer Management Planning
Inquiries:
Dept. Manager
Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:Akihiko Sakamoto
Takashi Morita

TEL045-222-0555

February 14, 2022
–Yes
Yes(for analysts)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended December 31, 2021 (from July 1, 2021 to December 31, 2021)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Six months ended December 31, 2021
10,374
5.1
739
8.5
757
12.3
375 (18.4)
Six months ended December 31, 2020
9,873(1.4)
681(7.7)
675(5.0)459(2.6)
Note: Comprehensive income: FY2022 Q2 365 million yen (24.0%) FY2021 Q2 481 million yen (0.6%)
Earnings per share

Diluted earnings per share

Yen
22.82
27.66

Six months ended December 31, 2021
Six months ended December 31, 2020

Yen––(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen
Millions of yen
As of December 31, 2021
16,11913,157
As of June 30, 2021
16,251
13,104
Note: Equity: FY2022 Q2 13,157 million yen FY2021 13,104 million yen%
81.6
80.6

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen––

Yen–

Yen
23.00

Yen
23.00

–24.0024.00

Year ended June 30, 2021
Year ending June 30, 2022
Year ending June 30, 2022 (Forecast)
Note: Revisions to the forecasts of dividends: NoTotal

3. Forecast of consolidated financial results for the year ending June 30, 2022 (from July 1, 2021 to June 30, 2022)
Percentages indicate year-on-year changes
Profit attributable toEarnings per share
Net sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Yen
Full year
21,0003.0
1,200 (13.5)
1,200 (14.1)
820 (11.0)
49.79
Note: Revisions to the forecasts of consolidated financial results: No1

4. Notes(1) Changes in significant subsidiaries during the six months ended December 31, 2021
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:NoYes(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Yes
No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:
No
Restatement of prior period financial statements:
No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2021

18,555,080 shares As of June 30, 2021

18,555,080 shares

Number of treasury shares at the end of the period
As of December 31, 2021

2,059,304 shares As of June 30, 2021

2,121,830 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended December 31, 2021

16,448,434 shares Six months ended December 31, 2020

2

16,628,581 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of June 30, 2021
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Notes and accounts receivable - trade, and contract assets
Securities
Merchandise and finished goods
Work in process
Other

As of December 31, 2021

7,132,053
3,762,447–
1,900,030
1,400
25,404
262,547

6,727,390–
3,597,730
1,111,998
1,265
29,642274,319

13,083,883

11,742,345

115,816
38,57678,224

393,655
262,035
1,325

Other, net
Accumulated impairment

41,573–

91,463(23,138)

Total property, plant and equipment

274,191

725,339

45,747463,157

496,502474,845508,905

971,348

Investments and other assets
Investment securities
Other
Allowance for doubtful accounts

1,439,790
945,660(766)

1,591,376
1,090,137(794)

Total investments and other assets

2,384,685

2,680,719

3,167,782

4,377,407

16,251,666

16,119,753

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
LandConstruction in progress

Intangible assets
Goodwill
Other
Total intangible assets

Total non-current assets
Total assets3

(Thousands of yen)
As of June 30, 2021
Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Income taxes payable
Provision for bonuses
Provision for loss on order received
Other

As of December 31, 2021

707,913560,000
271,643
433,419424
1,115,205

696,540
300,008
239,906
430,998–1,229,696

Total current liabilities

3,088,606

2,897,150

Non-current liabilities
Retirement benefit liability
Other

52,671
6,245

48,85816,323

Total non-current liabilities

58,916

65,181

3,147,522

2,962,331

Share capital
Capital surplus
Retained earnings
Treasury shares

2,270,228
2,463,693
9,543,037(1,241,655)

2,270,228
2,486,227
9,540,376(1,198,889)

Total shareholders' equity

13,035,303

13,097,943

68,840–60,589(1,111)

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

468,840

59,478

13,104,143

13,157,421

16,251,666

16,119,753

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Thousands of yen)Six months ended
December 31, 2020

Six months ended
December 31, 2021

Net sales
Cost of sales

9,873,440
8,028,075

10,374,999
8,365,759

Gross profit

1,845,365

2,009,239

149,330
345,638
41,014
83,857
102,999
59,154
77,23919,434
66,261

141,253
363,075
46,284
92,157
106,919
64,48574,141
11,657
73,16953,0299,149
156,647

60,43644,526
191,839

1,163,755

1,269,947

681,609739,291

7,277
2,653
135
2,564

6,263
7,773
333
15,44912,631

29,820

467
1,992
9,385

1,146
–
8,201

7,149

1,764

Selling, general and administrative expenses
Remuneration for directors (and other officers)
Salaries and allowances
Provision for bonuses
Welfare expenses
Rent expenses
DepreciationCommission expenses
Offering expenses
Taxes and dues
Research and development expenses
Amortization of goodwill
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Commission for purchase of treasury shares
Amortization of long-term prepaid expenses
Other
Total non-operating expenses

18,995

11,113675,246757,999

–
6,724
293

17,228––

Total extraordinary income

7,017

17,228Extraordinary losses
Office relocation expenses
Impairment losses––

158,617
24,248

Total extraordinary losses–

182,866

Profit before income taxes

682,263592,361

Income taxes

222,207

217,056

Profit460,055

375,304

Ordinary profit
Extraordinary income
Gain on sale of investment securities
Gain on liquidation of investment securities
Other

Profit attributable to non-controlling interests
Profit attributable to owners of parent

595–

459,960

375,304

Consolidated statements of comprehensive income (cumulative)(Thousands of yen)Six months ended
December 31, 2020
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6

Six months ended
December 31, 2021

460,055

375,304

21,398–(8,250)(1,111)

21,398(9,361)

481,454

365,942481,358

365,94295–