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 July 31, 2024
(Based on Japanese GAAP)
September 13, 2024
Company name:Enigmo Inc.
Stock exchange listing: Tokyo
Stock code:
Representative:

3665
URL https://enigmo.co.jp/
Representative Director, CEO

Inquiries:

Executive Officer,
Chief Director of Corporate Operation

Shokei SUDA
Yoichi KANEDA

TEL

Scheduled date to file Semi-annual Securities Report:
Scheduled date to commence dividend payments:

September 13, 2024–

Preparation of supplementary material on financial results:
Holding of financial results meeting:YesNo

03-6894-3665(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended July 31, 2024 (from February 1, 2024 to July 31, 2024)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet salesOperating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Six months ended July 31, 2024
2,566–229
–
199
–
131
–
Six months ended July 31, 2023––––––––
Earnings per share

Diluted earnings per share
Yen
3.32
–

Six months ended July 31, 2024
Six months ended July 31, 2023

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
12,497–

As of July 31, 2024
As of January 31, 2024

Equity ratio

Millions of yen
10,018–%79.6–

2. Cash dividends
Annual dividends per share

Year ended January 31, 2024
Year ending January 31, 2025

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
0.00
0.00

Yen–

Yen
10.00

Yen
10.00

––

–

Year ending January 31, 2025 (Forecast)Total

3. Forecast of consolidated financial results for the year ending January 31, 2025 (from February 1, 2024 to January 31, 2025)
Net sales
Full year

Millions of yen
5,707

Percentages indicate year-on-year changes
Profit attributable toOperating profitOrdinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%Yen–538–535–
334–
8.42

1

4. Notes(1) Significant changes in the scope of consolidation during the six months ended July 31, 2024:

Yes(2) Application of special accounting methods for preparing interim consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
NoChanges in accounting policies due to revisions to accounting standards and other regulations:
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 July 31, 2024

42,642,000 shares As of January 31, 2024

42,642,000 shares

Number of treasury shares at the end of the period
As of July 31, 2024

2,969,400 shares As of January 31, 2024

2,969,340 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended July 31, 2024

39,672,658 shares Six months ended July 31, 2023

239,684,579 shares

Interim consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of July 31, 2024
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade

9,258,188
210,983

Securities
Supplies

100,330
23,958Prepaid expenses
Accounts receivable - other

99,990108,409

Other

87,007

Total current assets

9,888,867

Non-current assets
Property, plant and equipment
Buildings, net

38,805Facilities attached to buildings, net
Vessels, net

31,96640,163

Vehicles, net
Tools, furniture and fixtures, net

25,03861,216

Total property, plant and equipment

197,190

Intangible assets
Software50,524

Software in progress
Goodwill

11,100220,733

Other

18

Total intangible assets

282,376

Investments and other assets
Investment securities
Shares of subsidiaries and associates

1,971,697
24,617

Leasehold and guarantee deposits
Deferred tax assets

50,66455,815

Other

26,251

Total investments and other assets

2,129,046

Total non-current assets

2,608,612

Total assets

12,497,479

3

(Thousands of yen)
As of July 31, 2024
Liabilities
Current liabilities
Accounts payable - other336,166

Accrued expenses
Income taxes payable

8,611
81,719Accrued consumption taxes
Deposits received

6,632
1,852,759

Short-term borrowings
Provision for point card certificates

100,000
7,859

Provision for bonuses
Other35,892
29,729Total current liabilities

2,459,370

Non-current liabilities
Long-term borrowings

11,213

Asset retirement obligations

8,490

Total non-current liabilities

19,704

Total liabilities

2,479,074

Net assets
Shareholders' equity
Share capital
Capital surplus

381,903391,474Retained earnings
Treasury shares

10,648,494(1,506,980)

Total shareholders' equity

9,914,892

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

36,754

Total accumulated other comprehensive income

36,754

Share acquisition rights
Non-controlling interests

41,961
24,797

Total net assets

10,018,404

Total liabilities and net assets

12,497,479

4

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)(Thousands of yen)Six months ended
July 31, 2024
Net sales

2,566,288

Cost of sales

551,270

Gross profit

2,015,017

Selling, general and administrative expenses

1,785,366

Operating profit

229,651

Non-operating income
Interest income

1,282

Other

3,118

Total non-operating income

4,400

Non-operating expenses
Foreign exchange losses
Share of loss of entities accounted for using equity method

1,813
31,128Loss on investments in investment partnerships
Miscellaneous losses

1,782
59

Total non-operating expenses

34,783Ordinary profit

199,269

Extraordinary income
Gain on step acquisitions
Gain on sale of non-current assets

2,847
239

Total extraordinary income

3,087

Extraordinary losses
Loss on sale of non-current assets

19

Loss on retirement of software

51

Total extraordinary losses

71

Profit before income taxes

202,285

Income taxes - current

68,343

Income taxes - deferred

2,043

Total income taxes

70,387

Profit131,897

Profit attributable toProfit attributable to owners of parent

131,897

Other comprehensive income
Valuation difference on available-for-sale securities

5,962Total other comprehensive income

5,962

Comprehensive income

137,859

Comprehensive income attributable toComprehensive income attributable to owners of parent

137,859

Comprehensive income attributable to non-controlling interests–5Consolidated statements of cash flows(Thousands of yen)Six months ended
July 31, 2024
Cash flows from operating activities
Profit before income taxes

202,285

Depreciation
Increase (decrease) in provision for point card certificates

11,417(5,754)

Increase (decrease) in provision for bonuses
Interest and dividend income

35,892(1,282)

Loss (gain) on investments in investment partnerships
Foreign exchange losses (gains)

1,782(2,404)

Share of loss (profit) of entities accounted for using equity
method31,128Loss (gain) on sale of non-current assets
Loss on retirement of non-current assets

(220)
51

Loss (gain) on step acquisitions
Decrease (increase) in trade receivables(2,847)
58,844

Decrease (increase) in inventories
Increase (decrease) in accounts payable - other

23,354(16,765)

Increase (decrease) in deposits received
Increase (decrease) in Contract liabilities(232,053)(6,094)

Other, net(61,313)

Subtotal

36,019Interest and dividends received

1,282

Income taxes paid

(174,184)

Net cash provided by (used in) operating activities(136,881)

Cash flows from investing activities
Purchase of securities
Purchase of property, plant and equipment(100,330)(20,272)

Proceeds from sale of property, plant and equipment
Purchase of intangible assets

481(11,100)

Purchase of investment securities
Refund of investment partnerships(657,256)
123

Purchase of shares of subsidiaries resulting in change in scopeof consolidation(128,732)

Loan advances to subsidiaries and associates(20,000)

Net cash provided by (used in) investing activities(937,086)

Cash flows from financing activities
Purchase of treasury shares
Dividends paid

(21)(396,726)

Net cash provided by (used in) financing activities(396,748)

Effect of exchange rate change on cash and cash equivalents(326)

Net increase (decrease) in cash and cash equivalents(1,471,042)

Cash and cash equivalents at beginning of period

10,529,231

Cash and cash equivalents at end of period

9,058,1886