Consolidated Financial Results for the Fiscal Year Ended March 31, 2022
(Under Japanese GAAP)

April 28, 2022

Company name:
SMN Corporation
Stock exchange listing: TokyoSecurities code:
6185
URL: https://www.so-netmedia.jp/en/
Representative:
Daisuke Imiya, President and Representative Director
Person to contact: Katsuya Suzuki, Corporate Officer
TEL: +81-3-5435-7930
Scheduled date of annual meeting of shareholders:June 22, 2022
Scheduled date of dividend payments:–Scheduled date of filing of annual securities report:
June 23, 2022
Preparation of supplementary material on financial results: Yes
Holding of financial results briefing:
None(Amounts less than one million yen are rounded down)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 1, 2021 to March 31, 2022)(Percentages indicate year-on-year changes.)(1) Consolidated Operating Results
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Fiscal year ended

Million yen

March 31, 2022
March 31, 2021%

13,363
12,115

Million yen

10.3
4.4%

127303(Note) Comprehensive income:Million yen(58.1)(59.4)

90293%

Million yen(69.3)(60.1)

(228)
(38)

%

–
–

Fiscal year ended March 31, 2022: (220 million yen) [–%]
Fiscal year ended March 31, 2021: (36 million yen) [–%]

Basic earnings
per share
Fiscal year ended

Diluted earnings
per shareYen

March 31, 2022
March 31, 2021

Return on equity

Yen(17.44)(2.96)––

Ratio of ordinary
profit to total assets

Ratio of operating
profit to net sales

%%%

(5.1)
(0.8)

1.1
3.9

1.0
2.5

(Reference) Share of profit (loss) of entities accounted for using equity method– Fiscal year ended March 31, 2022: –– Fiscal year ended March 31, 2021: –(Notes) 1. The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020), effective frombeginning of the fiscal year under review and the figures for the year ended March 31, 2022 are figures after application of the standard andguidance.
2. In the fiscal year under review, provisional accounting treatment related to business combinations was finalized. Accordingly, the figures forthe previous fiscal year reflect the finalization of the provisional accounting treatment.

(2) Consolidated Financial Position
Total assets
As ofMarch 31, 2022
March 31, 2021

Net assets

Equity ratio

Net assets per share

Million yen

Million yen%

Yen

8,319
8,447

4,395
4,564

52.6
53.9

330.77350.27(Reference) Equity capital:
As of March 31, 2022: 4,377 million yen
As of March 31, 2021: 4,564 million yen(Notes) 1. The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020), effective frombeginning of the fiscal year under review and the figures for the year ended March 31, 2022 are figures after application of the standard andguidance.
2. In the fiscal year under review, provisional accounting treatment related to business combinations was finalized. Accordingly, the figures forthe previous fiscal year reflect the finalization of the provisional accounting treatment.

(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended

March 31, 2022
March 31, 2021

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash equivalents
at end of period

Million yen

Million yen

Million yen

Million yen

946640(726)(2,246)

(1)
1,556

2,277
2,050

2. Dividends
Annual dividends per share

Fiscal year ending

March 31, 2023 (Forecast)

Payout ratio(Consolidated)

Ratio ofdividends tonet assets(Consolidated)

1stquarter-end

2ndquarter-end

3rdquarter-end

Year-end

Yen

Yen

Yen

Yen

Yen

Million yen%%––––––

Fiscal year ended

March 31, 2021
March 31, 2022

Total
dividends

Total–
–

0.00
0.00

–
–

0.00
0.00

0.00
0.00

–

0.00

–

0.00

0.00

–

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)(Percentages indicate year-on-year changes.)

Net sales
Full year

Operating profit

Profit attributable toowners of parent

Ordinary profit

Basic earnings
per share

Million yen%

Million yen%

Million yen%

Million yen%

Yen

14,0004.8460261.4

440387.6

220–16.62* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope ofconsolidation): None
New: –Exclusion: –(2) Changes in accounting policies, changes in accounting estimates and restatements
1) Changes in accounting policies due to revisions of accounting standards:
Yes2) Changes in accounting policies other than 1) above:None3) Changes in accounting estimates:
None4) Restatements:
None(3) Number of issued shares(common stock)1) Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2022
13,386,721 shares
As of March 31, 2021
2) Number of treasury stock at the end of the period
As of March 31, 2022
152,503 shares
As of March 31, 2021
3) Average number of shares during the period
Fiscal year ended March 31, 2022 13,109,933 sharesFiscal year ended March 31, 2021

13,150,553 shares
147,242 shares
12,960,146 shares(Reference) Summary of Non-Consolidated Financial Results
1. Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 1, 2021 to March 31, 2022)(Percentages indicate year-on-year changes.)(1) Non-Consolidated Operating Results
Net sales
Operating profit
Ordinary profit
ProfitFiscal year ended

March 31, 2022
March 31, 2021

Million yen%

6,464
6,600(2.1)(2.9)

Basic earnings per share
Fiscal year ended

March 31, 2022
March 31, 2021

Million yen%4884(43.1)(82.0)

360
83%

Million yen

329.9(82.0)

27(148)%––

Diluted earnings per shareYen

2.12(11.46)

Million yen

Yen

2.03
–

(Note) The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020), effective frombeginning of the fiscal year under review and the figures for the year ended March 31, 2022 are figures after application of the standard andguidance.

(2) Non-Consolidated Financial Position
Total assets
As ofMarch 31, 2022
March 31, 2021

Net assets

Equity ratio

Net assets per share

Million yen

Million yen%

Yen

6,611
6,474

4,066
3,985

61.5
61.6

307.27306.52(Reference) Equity capital:
As of March 31, 2022: 4,066 million yen
As of March 31, 2021: 3,985 million yen(Note) The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020), effective frombeginning of the fiscal year under review and the figures for the year ended March 31, 2022 are figures after application of the standard andguidance.

* Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
* Proper use of forecasts of financial results and other special matters(Notes on forward-looking statements)
The forward-looking statements such as the forecasts of financial results stated in this document are based on the information
currently available to the Company and certain assumptions that the Company judges as rational. These statements are not guaranteesof future performance. Actual results may differ materially from the forecast depending on a range of factors.