Financial Results Presentation
for the Fiscal Year Ended March 31,2021
OBIC Co.,Ltd.
April 23, 2021

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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1

Overview of Group Companies
Established

OBIC Co., Ltd.

(As of March 31, 2021)

Paid-in capital

Number of employees

Apr. 1968¥19.17 billion

1,854

Nov. 1979¥320 million

195

Consolidated subsidiaries

OBIC Office Automation Co., Ltd.

Number of employees (consolidated) : 2,049
Equity-method affiliates

OBIC Business Consultant Co., Ltd.

Dec. 1980

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¥10.51 billion

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898

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Overview of the Group’s Business Operations【System Integration Services】

OBIC Co., Ltd.
【System Support Services 】【Office Automation Services】

OBIC Office Automation【Business-use Package
SoftwareServices 】

OBIC Business Consultant

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

Co., Ltd.

Co., Ltd.

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3

OBIC Group
Consolidated Financial Results
Fiscal Year Ended March 31, 2021

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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4

Consolidated Balance Sheet(¥ million)

Assets2020/32021/3

ChangeCurrent assets

141,160

163,046

21,885

Cash and deposits

129,612150,745

21,133

Notes and accounts
receivable-trade

10,11011,035924

Others

1,437

1,265

△172

Fixed assets

123,435

135,211

11,775

Tangible fixed assets

57,84756,265△1,582Intangible fixed assets

122

133

11

Investments and other assets

65,46578,811

13,346

Investment securities

60,501

74,816

14,315

Deferred tax assets

3,577

2,296

△1,281Others

1,386

1,698

312

Total assets

264,596298,257

33,661

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

Constructionin progress： △1,142
Land: △ 556

Valuation of stocks ofaffiliates and Subsidiaries： + 3,510
Valuation of stocks： + 10,804

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5Consolidated Balance Sheet
Liabilities(¥ million)

2020/32021/3

ChangeCurrent liabilities

18,44423,931

5,486

Fixed liabilities

7,758

8,300

541

Total liabilities

26,20332,231

6,028

234,728

256,596

21,86838,70838,708-Retained earnings

218,159

240,028

21,868Treasury shares△22,140 △22,140-

Net assets
Shareholders’ equity
Capital stock and capital surplus

Accumulated other comprehensive income

3,663

9,428

5,764

Valuation differences on other securities

5,177

10,162

4,985

Revaluation reserve for land

△1,705

△694

1,010

Total net assets

238,392

266,025

27,633

Total liabilities and net assets

264,596298,257

33,661

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

Equity ratio

89.2％

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6

Financial Results (consolidated)
2020/32021/3(¥ million)

YoY

Net sales

80,488 83,862 104.2%

Operating income

43,238 48,077

Ordinary income

46,012 52,600 114.3%

Net income

35,096 38,001 108.3%

Earnings per share (EPS) (yen)394.56427.22

108.3%

88,95088,950－111.2%Average number of total shares
outstanding(thousands)

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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7Operating income increases for 27th consecutive period(¥ million)

Net sales

100,000

Operating income

Operating margin

57.3%

43.1%

83,86290,00080,000

33.2%
27.1%

70,00018.6%

60,00048,07750,0003.4%
40,00030,00020,00010,00001994/3

2000/3

2005/3

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

2010/3

2015/3

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2021/38Financial Results (consolidated)(¥ million)

2020/32021/3

Change80,48883,862

3,373

24,15923,021△1,13856,32860,840

4,511

SG&A expenses

13,09012,762△328

Operating income

43,23848,077

4,839

Non-operating profits

665

2,480

1,815

Equity-method gains

3,455

3,348

△107

Ordinary income YoY

Non-operating expenses

1,346

1,306

△3946,012

52,6006,588

114.3％

Extraordinary income

2,499

288

△2,211

Extraordinary losses

606

4△601Income taxes, etc.

12,80914,8832,074

35,09638,001

2,904

Net sales
Cost of goods sold
Gross profit

Ordinary income

Net income

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

SISSOA△ 1,382＋ 5,294△538

Operating income YoY

111.2％Net income

YoY

108.3％All Rights Reserved,Copyright © OBIC Co.,Ltd. 2021

9Business Results by Segment
2020/3SISSOATotal(¥ million)

2021/3

YoYSales

39,46538,082

96.5%

Operating income

20,51221,002102.4%

Operating margin

52.0%

55.2%

Sales

31,33836,632116.9%

Operating income

21,03525,591121.7%

Operating margin

67.1%

69.9%

Sales

9,685

9,146

94.4%

Operating income

1,690

1,484

87.8%

Operating margin

17.5%

16.2%

Sales

80,48883,862104.2%

Operating income

43,23848,077111.2%

Operating margin

53.7%

57.3%

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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10SalesSegments

YoY

SI

97%

Software99%
63%

Hardware117%

SS
Software system operation support

119%

Hardware maintenance83%

OATotal

94%
104%

The core software-related sales And Cloud-related systems were strong
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11Profitability
2020/32021/3Operating margin

53.7％ 57.3％ 3.6points

Ordinary income margin

57.2％ 62.7％ 5.5points

Net income margin

43.6％ 45.3％ 1.7points

Absorbed R&D expenses of about ¥1.6billion
These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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12

Consolidated Cash Flow(¥ million)

2021/3
Cash flows from operating activities

41,677

Cash flows from investing activities△5,422

Cash flows from financing activities△15,121

Change in cash and cash equivalents

21,133Balance at the beginning of the year

129,612

Balance at the end of the year

150,745

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

Paymentof dividends

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13Orders Received(¥ million)

100,000
90,00085,24588,96280,00070,00039,191

YoY

ＳＩ

97%

ＳＳ

114%

ＯＡ

95%

Total

104%

38,80760,00050,00040,00030,00036,443

41,711

9,609

9,163

2020/32021/320,00010,0000These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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14

Earnings Forecasts
Fiscal Year Ending March 31,2022

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15

Fiscal Year Ending March 31,2022(Full-year)(¥ million)

Earnings forecasts

YoY

Net sales

90,000

10.7%

Operating income

52,0008.2%

Ordinary income

56,0006.5%

Net income

40,0005.3%

Note: Because “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29), etc. will be applied from the
beginning of the fiscal year ending March 31, 2022, the above consolidated earnings forecasts represent the amounts
based on the said accounting standard, etc. and the percentages indicating year-on-year changes were calculated asif the said accounting standard, etc. had been applied for the fiscal year ended March 31, 2021.

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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16Profit-sharing With Shareholders
Fiscal Year Ended March 31,2021
Year-end divided ：105yen

38.9%

Annual dividend ：185yen

43.3%

41.1%

40.6%
37.3%

Consolidated dividend
payout ratio (%)

160
115
Total（yen）
Year-end
dividend
Interimdividend

67.5

135

185

185

105

92.5

80

92.5

2021/3

90
77.5

47.5

57.5

702018/3

2019/32020/3

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2022/3 (Forecast)

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17

Basic Management Policies

Management focus on both quantity and quality
Emphasis on compliance

Efficient management
Promotion of innovation management
Selection and concentration
Persistence is the key to achieve corporate growth

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www.obic.co.jp

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19

This document contains forward-looking statements.
Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties.
Actual results may differ from those in the forward-looking statements as a result of various factors.
These materials were prepared for the sole purpose of providing information to use as reference in making
investment decisions, and are not intended as a solicitation for investment.

These materials were prepared for the sole purpose of providing information to use as reference inmaking investment decisions, and are not intended as a solicitation for investment.

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