Non-Consolidated Financial Results
for the Fiscal Year Ended April 30, 2022
[Japanese GAAP]
June 10, 2022
Company name: Asukanet Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Code number: 2438
URL: https://www.asukanet.co.jp
Representative: Yuji Matsuo, Representative Director & President
Contact: Kenya Kono, Senior Managing Director & CFO
Phone: +81-82-850-1200
Scheduled date of Annual General Meeting of Shareholders: July 28, 2022
Scheduled date of commencing dividend payments: July 29, 2022
Scheduled date of filing annual securities report: July 29, 2022
Availability of supplementary briefing material on annual financial results: Available
Schedule of annual financial results briefing session: Scheduled (for institutional investors and analysts)(Amounts of less than one million yen are rounded down.)
1. Non-Consolidated Financial Results for the Fiscal Year Ended April 30, 2022
(May 1, 2021 to April 30, 2022)(1) Non-Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year endedApril 30, 2022
April 30, 2021

Operating income

Ordinary income

ProfitMillion yen%

Million yen%

Million yen%

Million yen

%

6,331
5,773

9.7
(12.2)

439
277

58.6
(60.9)

452
330

36.8
(53.4)

332
225

47.6
(55.0)

Basic earnings
per share

Diluted earnings
per share

Rate of return on
equityOrdinary income
to total assets

Operating income
to net sales

Fiscal year ended
Yen
Yen
19.76
April 30, 2022
13.39
April 30, 2021
(Reference) Equity in earnings of affiliated companies:

%

%

%

5.6
6.8
3.9
5.1
Fiscal year ended April 30, 2022: ¥- million
Fiscal year ended April 30, 2021: ¥- million(Note) Diluted earnings per share is not presented as there were no potential shares.
(2) Non-Consolidated Financial Position
Total assets

Net assets

Million yen

Equity ratio

6.9
4.8

Net assets per share

Million yen

%

Yen

6,020
5,825

87.3
90.1

358.24345.75

Cash flow fromoperating activities

Cash flow frominvesting activities

Cash flow fromfinancing activities

Cash and cash
equivalents at endof period

Million yen

Million yen

Million yen

Million yen

827
359

(91)
(335)

(157)
(169)

1,994
1,410

6,896
As of April 30, 2022
6,465
As of April 30, 2021
(Reference) Equity: As of April 30, 2022: ¥6,020 million
As of April 30, 2021: ¥5,825 million(3) Non-Consolidated Cash Flows

Fiscal year endedApril 30, 2022
April 30, 2021

2. Dividends
Annual dividends
1st
2nd
3rd
Year-endquarter-end quarter-end quarter-end
Fiscal year endedApril 30, 2021
Fiscal year endedApril 30, 2022
Fiscal year ending
April 30, 2023
(Forecast)

Total

Total
dividends(Annual)Dividend
payoutratio

Dividends
tonet assets

Yen

Yen

Yen

Yen

Yen

Million yen

%

%

-

0.00

-

7.00

7.00

117

52.3

2.0

-

0.00

-

7.00

7.00

117

35.4

2.0

-

0.00

-

8.00

8.00

38.7

3. Non-Consolidated Financial Results Forecast for the Fiscal Year Ending April 30, 2023
(May 1, 2022 to April 30, 2023)(% indicates changes from the previous corresponding period.)
Basic earnings
Net sales
Operating income
Ordinary income
Profitper share
Million yen%

Million yen%

Million yen%

Million yen

%

Yen

6,890
8.8
450
2.3
490
8.2
348
4.6
20.68
Full year
As the Company manages its financial results at an annual base, the financial results forecast for the first half is notdisclosed.
* Notes:(1) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(2) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
April 30, 2022: 17,464,000 shares
April 30, 2021: 17,464,000 shares2) Total number of treasury shares at the end of the period:
April 30, 2022: 657,657 shares
April 30, 2021: 615,057 shares
3) Average number of shares during the period:
Fiscal year ended April 30, 2022: 16,841,606 sharesFiscal year ended April 30, 2021: 16,845,874 shares* These financial results are outside the scope of audit by a certified public accountant or an audit corporation.
* Explanation of the proper use of financial results forecast and other notes
The earnings forecasts and other forward-looking statements herein are based on information currently
available to the Company and certain assumptions that the Company believes are reasonable, and actual results
may differ significantly from these forecasts due to a wide range of factors.

4. Overview of Business Results(1) Overview of Business Results for this Fiscal Year
During this fiscal year, as the effects of the coronavirus pandemic still show no signs of ending, there were nonetheless signsof a return to regular economic activity as vaccinations and other infection countermeasures became widely available. Howeverfactors such as rising raw material prices caused by a global semiconductor shortage and supply chain disruptions, and the crisisin Ukraine, continue to make for an uncertain future.
Asukanet operates three business areas, each with different positioning and characteristics. They are (1) the funeral business,
which adds digital processing and remote output services for photos of the deceased to a funeral business that is largely
unaffected by economic trends, (2) the photo book business, which provides ideas for new photo output methods that allow
users to create complete photo collections beginning from just a single book, and (3) the aerial display business, which isutilizing unique, recently-developed technologies aiming to create a new market and achieve dreams.
In January 2022, we invested in a venture fund which invests primarily in the key growth areas of XR and 3D.
Beginning from the previous fiscal year, the memorial design business was renamed the funeral business, the personal
publishing business was renamed the photo book business, and the aerial imaging business was renamed the aerial display
business.
Following is an overview of the business results for each segment. The result figures for each segment include internal intersegment sales.
(Funeral business)
In this business, although funerals continue to be reduced in size as a result of the coronavirus pandemic, there was anincrease in the holding of funerals themselves compared to the same period in the previous year. Revenue from our primarybusiness area – processing photos of the deceased – resulted in greater growth than was initially projected. In addition to thesteady acquisition of new contracts through effective marketing utilizing our focus restoration technology, this was a result of
the increasing number of funerals held nationwide. As a result, there was a steady increase in sales from hardware and frames,
paper, and other supplies.
Programs in this area involved strengthening the functions of our “tsunagoo” DX service for the funeral industry, including
the release of “tsunagoo AFTER” – a service that is useful during the coronavirus pandemic when numbers of funeralattendees are limited. We also worked to expand sales, and as a result saw large growth in the use of our services. We alsoestablished links with services aimed at resolving inheritance, real estate, and other problems which the bereaved are facing.
In terms of income, there was an increase in expenses including higher PR expenses, transportation costs, and supply costs
resulting from participation in exhibitions. However factors such as higher sales and a higher operating rate at our operations
center resulted in growth in segment income. On the other hand, as a result of the increase in the use of our services forprocessing photos of the deceased, the operations center became overloaded during the peak season and we are now working
to improve our operations including with the addition of more personnel.
As a result, sales were 2,773,460 thousand yen (111.3% year-on-year), and segment income was 713,054 thousand yen(115.6% year-on-year).
(Photo book business)
This business operates AsukaBook for the professional photography market in Japan, and MyBook for the general Japanese
consumer market. We are also engaged in OEM supply of photo albums and photo prints based on photos that were taken withsmartphones.
In the domestic professional photographers market, although our primary product of wedding photo albums continues to be
severely affected by wedding ceremony delays, especially in urban areas, as well as smaller wedding sizes and other effects
from the coronavirus pandemic, weddings incorporating measures to prevent coronavirus infections were held, primarily inrural areas, and the market recovered better than expected. Therefore, there was steady growth in sales of photo albums forstudios, and sales were higher than the same period in the previous fiscal year. In addition, in order to adapt to the pandemic
environment, we endeavored to revitalize the market by expanding our online seminars, conducting online and video
streaming, and holding events such as “life-size photo contests”.
The general domestic consumer market continues to face difficult conditions of reduced opportunities and demand for photobooks resulting from the effects of voluntary restrictions on activities such as traveling and events due to the coronavirus

pandemic. The same trends can be seen in “My Book” and OEM supply as well. Despite the difficult conditions, we worked tostimulate demand through various campaigns, the use of SNS, and other means. We also conducted promotions for our on-site
photo shooting service with a life-size photo album from the Tokyo area.
As a result, although sales for the general consumer market were difficult, we were able to steadily grow sales in theprofessional photographer market thanks to a faster recovery in the wedding market and strong sales of photo albums forstudios.
In terms of profit and loss, although there were large increases in the cost of raw materials, advertising expenses, and intravel expenses, we saw a large increase in segment income resulting from our success in controlling general expenses, such asdelivery expense and rent, and in increasing the operating rate of our factory.
As a result, sales were 3,410,229 thousand yen (108.0% year-on-year), and segment income was 644,083 thousand yen(136.7% year-on-year).
(Aerial display business)
This business is aiming to create a market through new image and video expressions utilizing aerial imaging technologies.
We are developing, manufacturing, and selling both glass and plastic “ASKA3D plates” that utilize our original technologies
to project images in mid-air.
In the area of marketing, we are carrying out sales centered on our Marketing Division in Japan, and centered on our agents
overseas. In Japan, we have been steadily extending our record, including successful sales of products for signage applications,use by local governments, and demonstration tests at convenience stores and apartment buildings. Overseas, the effects of thecoronavirus pandemic have continued for longer than was predicted at the start of the year. Sales activities at our agents andsales support from our company were subjected to large restrictions, and activity was particularly difficult in the China market.
As a result, we were forced to accept delays to promising potential orders, resulting in adverse effects on sales growth. As for
exhibitions, we exhibited in three countries based on cooperation with our overseas agents, though there were no opportunities
to participate in exhibitions in Japan.
In the areas of production and development, we are working to stabilize production and improve yield for both glass andplastic plates. In particular, we accelerated the production of larger-size plates with new production equipment by outsourcing
production operations. At the technical development center, we are challenging ourselves to achieve internal production ofglass plates, and have expanded both floor space and the number of production machines. We are working for stableproduction of the basic mid-size plates.
In terms of expenses, in addition to an increase in advance expenses related to our technical development center, there
were increases in other expenses including research and development expenses for larger outsourced ASKA3D plates, patentrelated expenses, and travel and transportation expenses.
As a result, sales were 148,116 thousand yen (119.2% year-on-year), and segment loss was 352,037 thousand yen(compared to a loss of 272,628 thousand yen in the same period of the previous fiscal year).
As results of the above, sales were 6,331,332 thousand yen (109.7% compared to the same period of the previous fiscal
year). In terms of income, the increase in segment income in the funeral business and the photo book business resulted inordinary income of 452,715 thousand yen (136.8% compared to the same period of the previous fiscal year) and net income
was 332,810 thousand yen (147.6% compared to the same period of the previous fiscal year).

(2) Overview of the Financial Status during this Fiscal Year
(Overall situation)
Total assets at the end of this fiscal year increased by 430,885 thousand yen to reach 6,896,235 thousand yen. This increase
was primarily due to an increase in cash and deposits of 184,089 thousand yen and an increase in inventory of 150,940
thousand yen. The equity ratio also decreased by 2.8 points from the end of the previous fiscal year to reach 87.3%.
(Current assets)
Current assets at the end of this fiscal year increased by 362,341 thousand yen from the end of the previous fiscal year toreach 3,433,537 thousand yen. This increase was primarily due to an increase in cash and deposits of 184,089 thousand yen
and an increase in inventory of 150,940 thousand yen.

(Fixed assets)
Fixed assets at the end of this fiscal year increased by 68,544 thousand yen to reach 3,462,698 thousand yen. This increase
was primarily due to an increase in machinery and equipment of 54,695 thousand yen and an increase in investment securitiesof 54,233 thousand yen.
(Current liabilities)
Current liabilities at the end of this fiscal year increased by 231,465 thousand yen from the end of the previous fiscal year toreach 864,587 thousand yen. This increase was primarily due to an increase of 50,742 thousand yen in accounts payable andan increase of 116,000 thousand yen in income taxes payable.
(Fixed liabilities)
Fixed liabilities at the end of this fiscal year increased by 4,233 thousand yen from the end of the previous fiscal year toreach 10,862 thousand yen.
(Net assets)
Net assets at the end of this fiscal year increased by 195,186 thousand yen from the end of the previous fiscal year to reach
6,020,785 thousand yen. This increase was primarily due to an increase of 214,867 thousand yen in retained earnings.

(3) Overview of cash flows in this fiscal year
Cash and cash equivalents (hereafter referred to as “Funds”) at the end of this fiscal year increased by 584,089 thousand yen
from the end of the previous fiscal year to reach 1,994,178 thousand yen due to an increase in net income and a shift from longterm deposit into short-term deposit.
(Cash flows from operating activities）
Net Funds acquired as a result of operating activities during this fiscal year were 827,132 thousand yen (compared to359,336 thousand yen acquired during the previous fiscal year). The primary factors affecting this result were pre-tax net
income of 452,043 thousand yen and depreciation expenses of 468,455 thousand yen.
(Cash flows from investing activities）
Net Funds expended as a result of investment activities during this fiscal year were 91,260 thousand yen (compared to335,819 thousand yen expended during the previous fiscal year). This was primarily due to the acquisition of 370,085 thousand
yen in tangible fixed assets and the acquisition of 65,510 thousand yen in intangible assets, while there was also the return of
400,000 thousand yen from long-term deposits.
(Cash flows from financing activities）
Net Funds expended as a result of financing activities during this fiscal year were 157,761 thousand yen (compared to169,864 thousand yen expended during the previous fiscal year). This was primarily due to the payment of 118,502 thousand
yen in dividends.

(4) Future Outlook
Information about the future outlook and about the risks associated with the coronavirus pandemic is provided below.
Beginning from the fiscal year ended April 30, 2022, the memorial design business was renamed the funeral business, thepersonal publishing business will be renamed the photo book business, and the aerial imaging business will be renamed theaerial display business.
With the prolonged economic slowdown resulting from the coronavirus pandemic, and the growing uncertainty resulting
from factors including the semiconductor shortage and the crisis in Ukraine, continuing difficult economic conditions are
expected during the coming fiscal year.
Our company is operating a business that is consistent with the current times in which services are customized to meet
individual needs even for minimum lot sizes, and aims to capture stable demand. We have constructed strong business models
in both the funeral business and photo book business, and despite the effects of the coronavirus pandemic, we are experiencing
an ongoing recovery in sales. In the aerial display business where we are challenging ourselves and working to create a newmarket, more time has been required to achieve profitability than we initially expected. However there has been strong interestin the use of aerial imaging operations, and we will make use of this opportunity to expand this business. We will also continue
to challenge ourselves in the development of new business and services.
The coronavirus pandemic has had a large effect on society, and there is the possibility that customer needs in our areas ofbusiness may undergo large permanent changes. We recognize that it is important to develop products and services that can
respond quickly to such changes in customer needs.
The following constitute the basis for the expected effects of the COVID-19 outbreak on each business area and the results
forecast for the fiscal year ending April 30, 2023.
In the funeral business, funerals are currently small in size and sales of funeral production tools and related products havedeclined. We are expecting that funeral formats will return to normal, however sales of those funeral products will still be weak.
In the photo book business, orders for the wedding albums that are our main product in the professional photographer market
seem to have started recovering. We are anticipating that these conditions will not reach the level prior to coronavirus pandemic.
The environment in the consumer market will be negative until the second quarter of the fiscal year ending April 30, 2023, withfewer opportunities for photography as people refrain from traveling and attending events. In the aerial display business,
although our marketing activities were restricted due to issues such as the need to refrain from business travel, particularly
overseas business travel, we will become active again starting from the fiscal year ending April 30, 2023. However, the market
in China may continue to be limited.
Based on these difficult conditions, we will be taking the following actions in each business area.
In the funeral business, we will prominently promote the superiority that comes from our strength in image processing
technologies and the application of focus correction tools utilizing the latest technologies in order to develop new customers
and increase unit prices for existing customers. At the same time, as a result of the overload on the operations center that is
responsible for image processing, we have accepted a lower gross profit margin and will increase the number of personnel. We
will continue to make our “tsunagoo” DX service for the funeral industry more attractive, for example by linking it with realestate and inheritance services.
In the photo book business, we will continue to challenge ourselves in new markets such as architectural photography andstudio photography. At the same time, we will launch new products and conduct online seminars for the professional
photographer market, aiming to deepen our connections with customers. In the consumer market, we will collaborate with onlocation shooting and introduce new services.
In the aerial display business, we will expand sales of both glass and plastic ASKA3D plates, especially glass ASKA3D
plates for major customers. In term of sales, we will participate in four exhibitions in Japan and overseas to boost our sales
activities. In production areas, we will work to stabilize production and develop large-size plates for outsourced production of
ASKA3D plates. At our technical development center, we will work to establish bonding technologies and aim for rapid
marketing of plates up to medium size.
Based on the above, in the forecast for the year ending April 30, 2023, while we expect sales of each segment to increase, anincrease in operators in the funeral business, higher R&D expenses at the technical development center in the aerial display
business, and increases in advertising expenses due to participation in exhibitions for each business need to be taken into
account. Therefore, we are forecasting sales of 6,890 million yen (108.8% compared to the previous year), operating income of
450 million yen (102.3%), ordinary income of 490 million yen (108.2%), and net income of 348 million yen (104.6%).
Although we have incorporated the above assumptions regarding changes and effects on demand resulting from thecoronavirus pandemic, there are many uncertain elements, and any change in these assumed conditions potentially may also
affect the business forecast. The aerial display business and other new business areas also involve technological research andmarketing that we have not engaged in before, and many uncertain elements are involved in its commercialization.
Note: The above forecast was created based on information available at the time this material was released, and actual results may
differ from the forecast values due to a variety of factors.

5．Financial Statements for the Fiscal Year
(1) Balance sheet(Units: 1,000s yen)Previous fiscal year
(Ended April 30, 2021)
Asset
Current assets
Cash and deposits
Accounts receivable-trade
Merchandise and products
Work in progress
Raw materials and supplies
Prepaid expenses
Advanced payment
OthersAllowance for doubtful accounts
Total current assets

Current fiscal year
(Ended April 30, 2022)

1,815,088
775,996
220,028
99,80086,77032,011―45,718(4,218)1,999,178
836,041
304,090
169,02284,42640,156
1,411
2,021(2,810)3,071,195

3,433,537

1,448,017(518,700)

1,483,173(576,543)

929,317906,630

26,606(14,042)

26,606(15,207)

Fixed assets
Tangible fixed assets
Building
Accumulated depreciation
Buildings, net
Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, equipment, and fixtures
Accumulated depreciation
Tools, equipment, and fixtures, net

12,563

11,3991,769,091(1,301,195)

1,852,725(1,330,132)

467,896522,592

2,182(1,111)

9,369(2,267)

1,071

7,102

452,384(269,114)

481,776(339,202)

183,270

142,574

Land
Construction in progress

844,060
16,176

844,060
22,691

Total tangible fixed assets

2,454,356

2,457,050

10,165
213,201
1,375

6,686
198,404
3,350

Total intangible fixed assets

224,742

208,440

Total investments and other assets
Investment securities
CapitalLong term advanced payments
Deferred tax assets
Others533,20410
12,31596,30373,220587,437
10
10,302120,90778,548

Total investment and others

715,054797,206

3,394,153

3,462,698

6,465,349

6,896,235

Intangible fixed assets
Patents etc.
Software
OthersTotal fixed assets
Total assets

(Units: 1000s yen)Previous fiscal year
(Ended April 30, 2021)
Liabilities
Current liabilities
Accounts payable-trade
Accounts payable-otherAccrued expenses
Income taxes payable
Advance payments
Deposits
Provision for bonuses
Officer retirement benefits
OthersFixed liabilities
Provision for retirement benefits
OthersTotal fixed liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Capital reserves
Other capital surplus
Total capital surplus

Current fiscal year
(Ended April 30, 2022)

163,342
146,716
81,92915,40015,766
18,552
153,650
37,763

182,892
197,458
84,215
131,400
12,36026,347
161,620
68,292

633,121864,587

5,351
1,277

5,351
5,510

6,628

10,862639,750

875,449

490,300

490,300

606,5857,737

606,585
12,971

614,322619,556

Retained earnings
Legal retained earnings
Other retained earnings
Retained earnings

1,693

1,693

4,979,863

5,194,731

Total retained earnings

4,981,556

5,196,424

Treasury stock(265,577)(298,392)

Total shareholders' equity

5,820,602

6,007,889

4,997

12,896

4,997

12,896

5,825,599

6,020,785

6,465,349

6,896,235

Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets

(2) Profit and loss statement(Units: 1000s yen)Previous fiscal year
(May 1, 2020-April 30, 2021)

Current fiscal year
(May 1, 2021-April 30, 2022)

1,703,638
3,292,259
777,747

1,883,658
3,570,511
877,161

5,773,644

6,331,332

879,861

938,723

98,8101,741,652

143,020
1,888,085

1,840,462

2,031,106

18,543143,020

19,305
235,893

1,678,898

1,775,907

91,986528,607

77,008614,212

Total

620,594691,220

Transfer to other accounts
Stock of goods at year end

16,94877,00821,833
68,197

Net Sales
Sales from service
Product sales
Sales of finished goods
Total sales
Cost of sales
Cost of service
Cost of product sales
Stock of products at beginning of the year
Cost of product sales during year
Total
Transfer to other accounts
Stock of products at year end
Cost of production sales
Cost of goods sales
Stock of goods at beginning of the year
Cost of goods sales during year

Cost of goods sales
Total cost of sales

526,636

601,189

3,085,397

3,315,820

Gross profit

2,688,247

3,015,511

Selling, general, and administrative expenses

2,410,788

2,575,552

Operating income

277,458

439,959

Non-operating income
Interest received
Interest from invested securities
Dividends received
Commissions received
Exchange gain
Insurance cancellation refund

129
487
1,275
289
422
32,600

487
1,200
312
8,383
―

Grant income
Others

14,630
3,542

―
2,406

Total non-operating income

83

53,377

12,873Non-operating expenses
Acquisition cost for treasury stocks―

116

Total non-operating expenses―

116

330,836452,715

Ordinary income

(Units: 1000s yen)Previous fiscal year
(May 1, 2020-April 30, 2021)

Current fiscal year
(May 1, 2021-April 30, 2022)

Extraordinary income
Profit from sales of fixed asset

329

352

Total extraordinary income

329

352

Extraordinary losses
Loss on sales of fixed assets
Loss on retirement of fixed assets

―
3,083

708
316

3,083

1,024

Net income before taxes

Total extraordinary losses

328,082452,043

Current income taxes etc.
Income tax adjustment

59,261
43,317143,070(23,837)

Income taxes

102,579

119,232

Net income

225,503332,810

(3) Statement of cash flows(Units: 1000s yen)
Current fiscal year
(May 1, 2021April 30, 2022)

Previous fiscal year
(May 1, 2020April 30, 2021)
Cash flows resulting from operating activities
Net income before taxes
Depreciation expenses
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for retirement benefits
Increase (decrease) in officer retirement benefits
Interest and dividends received
Interest from invested securities
Foreign exchange losses (gains)
Subsidy income
Insurance cancellation refund
Profit on sales of fixed asset
Loss on disposal of fixed assets

328,082
411,169
2,065
2,750
(658)
(100,000)(1,404)(487)(618)(14,630)(32,600)
(329)
3,083

452,043
468,455
(29)
7,970
―
―
(1,283)(487)(5,979)
―
―
355
316

Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventory assets
Increase (decrease) in accounts payable-trade
Increase (decrease) in accrued consumption taxes
Others

19,619(68,481)(4,287)(7,400)(24,392)(61,559)(150,940)
19,54930,52958,655

Subtotal

511,481817,596

Interest and dividends received
Grant received
Income taxes paid

2,406
14,630(169,181)

2,173
―
7,361

Cash flows due to operating activities

359,336

827,132

Cash flows due to investing activities
Purchase of property, plant, and equipment
Sales of tangible fixed assets
Purchase of intangible fixed assets
Purchase of investment securities
Revenue from cancellation for insurance
Withdrawal of loans
Collection of loans receivable
Payments into time deposits
Proceeds from withdrawal of time deposits
Others(350,105)
420(96,152)―
108,887――(405,000)
405,000
1,132(370,085)
1,283(65,510)(47,492)
―
(882)
292
(5,000)405,000(8,864)

Cash flows due to investing activities(335,819)(91,260)(168,915)―(948)(118,502)(39,019)(239)(169,864)(157,761)

618

5,979

Cash flows due to financing activities
Cash dividends paid
Purchase of treasury stock
OthersCash flows due to financing activities
Effect of exchange rate on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents(145,728)

584,089

Balance of cash and cash equivalents at beginning of year

1,555,817

1,410,088

Balance of cash and cash equivalents at end of year

1,410,088

1,994,178

(4) Notes Regarding the Financial Statements(Segment information etc.)
Information related to the amounts of sales, income or loss, assets, liabilities, and other items for each reporting segment.
Current fiscal year (May 1, 2020 – April 30, 2021)(Units: 1,000s yen)
Reporting segment
Adjustments

Amountrecorded in
profit and loss
statement

Funeral businessPhoto bookbusiness

Aerialdisplay business

2,492,188

3,157,864

123,591

5,773,644―

5,773,644

―

―

630

630

(630)

―

2,492,188

3,157,864

124,2215,774,274(630)

5,773,644

616,970471,074(272,628)

815,416(537,957)

277,458

32,775279,11466,457378,348

32,821

411,169

Total

Sales
Sales to outside
customers
Inter-segment internalsales and transfers
Total
Segment income (loss)
Other items
Depreciation

Current fiscal year (May 1, 2021 – April 30, 2022)(Units: 1,000s yen)
Reporting segment
Adjustments

Amountrecorded in
profit and loss
statement

Funeral businessPhoto bookbusiness

Aerialdisplay business

2,773,460

3,410,229

147,6426,331,332―

6,331,332

―

―

474

474

(474)

―

2,773,460

3,410,229

148,116

6,331,806(474)

6,331,332

713,054644,083(352,037)

1,005,100(565,141)

439,959

36,534

311,968

92,680441,183

27,272

468,455

Total

Sales
Sales to outside
customers
Inter-segment internalsales and transfers
Total
Segment income (loss)
Other items
Depreciation

This is the summarized translation of released report for your reference.
Please refer to the original Japanese financial document.