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, 2022
(Based on Japanese GAAP)
Company name:

Stock exchange listing: Tokyo
Stock code:
4826
Representative:
Inquiries:

January 30, 2023

Computer Institute of Japan, Ltd.
URL

https://www.cij.co.jp/President and Chief Executive Officer
Executive Officer Management PlanningAkihiko Sakamoto
Takashi Morita

Dept. Manager
Scheduled date to file Quarterly Securities Report:

TEL

045-222-0555

February 14, 2023

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–Yes

Holding of quarterly financial results meeting:Yes(for analysts)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended December 31, 2022 (from July 1, 2022 to December 31, 2022)(1) Consolidated operating results (cumulative)
Net sales
Six months ended December 31, 2022
Six months ended December 31, 2021

Millions of yen
11,208
10,374

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen
%
8.0
960
29.9
968
27.8
601
60.4
5.1
739
8.5
757
12.3
375 (18.4)

Earnings per share

Diluted earnings per share

Yen
30.65
19.01

Six months ended December 31, 2022
Six months ended December 31, 2021

Yen––(2) Consolidated financial position
Total assets
As of December 31, 2022
As of June 30, 2022

Net assets

Millions of yen
16,55916,680Equity ratio

Millions of yen
13,552
13,740%81.8
82.4

2. Cash dividends
Annual dividends per share

Year ended June 30, 2022
Year ending June 30, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen––Yen–

Yen
25.00

Yen
25.00

–

25.00

25.00

Year ending June 30, 2023 (Forecast)Total

3. Forecast of consolidated financial results for the year ending June 30, 2023 (from July 1, 2022 to June 30, 2023)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
22,600
5.3
1,700
8.3
1,700
6.4
1,050
8.1
53.76

1

4. Notes(1) Changes in significant subsidiaries during the six months ended December 31, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:No
Yes(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
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

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, 2022

22,266,096 shares As of June 30, 2022

22,266,096 shares

Number of treasury shares at the end of the period
As of December 31, 2022

2,858,231 shares As of June 30, 2022

2,493,188 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended December 31, 2022

19,639,335 shares Six months ended December 31, 2021

219,738,121 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of June 30, 2022

As of December 31, 2022

AssetsCurrent assets
Cash and deposits

6,450,841

7,037,247Notes receivable - trade
Accounts receivable - trade–
3,104,220

23,6003,064,724

Contract assets
Securities

419,835
2,112,923

740,401
1,970,443

1,656
6,636

990
21,220235,021215,166

12,331,136

13,073,793

Property, plant and equipment
Buildings and structures, net

371,132

358,628Land
Construction in progress

223,459
5,000

223,459–

Merchandise and finished goods
Work in process
Other
Total current assets
Non-current assets

Other, net

80,33070,172

Total property, plant and equipment

679,922652,259

Goodwill
Other

451,976
483,475

407,449
426,475

Total intangible assets

935,451

833,925

Investments and other assets
Investment securities

1,664,609

973,658

Other
Allowance for doubtful accounts

1,069,676(794)

1,027,370(1,467)

Total investments and other assets

2,733,492

1,999,561

4,348,866

3,485,746

16,680,002

16,559,540

Intangible assets

Total non-current assets
Total assets3

(Thousands of yen)
As of June 30, 2022

As of December 31, 2022

Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings

756,505
280,015

788,933
270,014

Income taxes payable
Contract liabilities

263,163
93,310332,72146,855

Provision for bonuses
Provision for loss on orders received

440,958–

426,208
5,840

Other

1,035,122

1,075,452

Total current liabilities

2,869,075

2,946,026

42,822
27,234

40,634
20,588Non-current liabilities
Retirement benefit liability
Other
Total non-current liabilities

70,05761,2232,939,133

3,007,249

Shareholders' equity
Share capital

2,270,228

2,270,228

Capital surplus
Retained earnings

2,486,241
10,136,358

2,486,286
10,244,024

Total liabilities
Net assets

Treasury shares(1,200,049)(1,492,873)

Total shareholders' equity

13,692,778

13,507,666

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

42,516
5,574

41,563
3,060

Total accumulated other comprehensive income

48,091

44,624

13,740,869

13,552,290

16,680,002

16,559,540

Accumulated other comprehensive income

Total net assets
Total liabilities and net assets

4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, 2021

Six months ended
December 31, 2022

Net sales

10,374,999

11,208,173

Cost of sales

8,365,759

8,841,512

Gross profit

2,009,239

2,366,660

Remuneration for directors (and other officers)
Salaries and allowances

141,253
363,075

141,644395,073

Provision for bonuses
Welfare expenses

46,284
92,15744,647
97,337

Rent expenses
Depreciation

106,919
64,485127,088
84,661

Commission expenses
Recruitment expenses

74,141
11,657

71,93822,604

Taxes and dues
Research and development expenses

73,16960,43654,33487,331

Amortization of goodwill
Other

44,526
191,839

44,526
235,349

1,269,947

1,406,539

739,291

960,121

Interest income
Dividend income

6,263
7,773

6,663
7,124

Other

15,782

7,911

Total non-operating income

29,82021,700Interest expenses
Amortization of long-term prepaid expenses

1,146
8,201

501
8,853

Other

1,764

4,061

Total non-operating expenses

11,113

13,416757,999

968,404

Gain on sale of investment securities

17,22817,330Total extraordinary income

17,22817,330

158,617
24,248–42,166

Selling, general and administrative expenses

Total selling, general and administrative expenses
Operating profit
Non-operating income

Non-operating expenses

Ordinary profit
Extraordinary income

Extraordinary losses
Office relocation expenses
Impairment losses
Loss on valuation of investments in capital–

15,988

182,866

58,154

Profit before income taxes

592,361

927,580

Income taxes

217,056

325,591

Profit375,304

601,988

Total extraordinary losses

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

5––375,304601,988

Consolidated statements of comprehensive income (cumulative)(Thousands of yen)Six months ended
December 31, 2021

Six months ended
December 31, 2022

Profit375,304

601,988

Other comprehensive income
Valuation difference on available-for-sale securities(8,250)(952)

Foreign currency translation adjustment(1,111)(2,513)

Total other comprehensive income(9,361)(3,466)Comprehensive income

365,942598,522

Comprehensive income attributable toComprehensive income attributable to owners of parent

365,942598,522––

Comprehensive income attributable to non-controllinginterests

6