1

Year ended December 31, Consolidated Financial Results for the First Quarter
2022 [Japanese GAAP] (Non-consolidated)

May 13, 2022
Listed stock
Company nameNomura System CorporationTokyoexchanges
Stock code
3940
URL https://www.nomura-system.co.jp
Representative(Title)
Representative Director (Name) Yoshimitsu Nomura
Director,General
Contact person(Title)
Managerof(Name) Yasuo Nemoto(TEL) 03-6277-0133
Administration Dept.
Scheduled
dateofScheduled date to file Quarterly
May 13, 2022
commencement of dividendSecurities Report
payment
Preparation of supplementary material on: Yes
quarterly financial results
Quarterly results briefing: None(Figures are rounded to the nearest million yen)

Results for the First Quarter of the Year Ending December 1.2022 (January 1, 2022-March 31, 2022)(1)Operating Results (Cumulative)(Percentages indicate year-on-year changes.)

Net salesFirst Quarter of Fiscal 2022
First Quarter of Fiscal 2021

Operating income

Millions of yen%6556333.6(7.6)

Per share
Net profit
YenFirst Quarter of Fiscal 2022
First Quarter of Fiscal 2021

Millions of yen9995

Ordinary income%4.2(26.1)

Fully diluted
Per shareNet profit3.23
3.14

Millions of yen

108
104

Net profit%

4.5(24.5)

Millions of yen

75
72%

3.4(23.3)

Yen

3.22
3.11(2)Financial Position
Total assets

Net assets

Millions of yen

First Quarter of Fiscal 2022
2,850
Year ended December 31,
2,960
2021
(Referenc Shareholder First Quarter of Fiscal 2022e)s' equity

Equity Ratio

Millions of yen

%

2,589

90.8

2,647

89.4

2,588Millionsof yenYear ended
December 31,
2021

Millions
2,647
of yen2.Dividend Status
Dividend per share
End of firstquarter

Yen

End of second End of the thirdquarter
quarterYen

YenTerm end
Yen

Total
Yen

Year ended December
0.00
6.50
6.50
31, 2021
Year ended December
31, 2022
FY12/2022 (forecast)
0.00(NOT Revisions to the most recently announced dividend forecasts: NoneE)
The anticipated amount for the fiscal year ended December 31, 2022 has not been determined yet. However, the Company has set a
policy of continuously providing a stable payout with a payout ratio of 40% or more in December 2016, and has decided to return
this amount.

2Forecasts for the fiscal year ending December 3.2022 (January 1, 2022-December 31, 2022)(Percentages indicate year-on-year changes for the full year and year-on-year changes for the quarter.)
Per share
Net sales
Operating income
Ordinary income
Net income
Net income

Second Quarter(Cumulative)
Full year

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

1,229(5.5)

64(67.1)

64(68.5)43(69.2)

1.88

2,701

(3.2)

162(65.9)

162(67.1)111(68.3)

4.79(NOTE)Revisions to the consolidated forecasts most recently
announced: None3※ Notes(1)Adoption of Special Accounting Methods for Preparation of
Quarterly Financial Statements: None(2)Changes in accounting policies and changes or restatement of accounting estimates
1 Changes in accounting policies caused by revision of accountingstandards
2 Changes in accounting policies other than (i): Yes: None3 Changes in accounting estimates: None4 Restatement of revisions: None(3)Number of shares of common stock outstanding
1Q for the year

1 Number of shares issued at the end of the period
ending December(including treasury stock)31, 2022

1Q for the year

2 Number of treasury stock at the end of the period ending December
31, 2022
1Q for the year

3 Average number of shares during the period
ending December(quarterly consolidated cumulative period)
31, 2022※※

Sha Year ended
23,202,000
res December 31, 2021

Sha
23,190,000
res

Sha Year ended
110,242
res December 31, 2021

Sha
109,742res

1Q for the year
Sha
ending December
23,087,921
res
31, 2021

Sha
23,062,815
resQuarterly financial results are not subject to quarterly review by certified public accountants or auditing firms.
Explanations and other special notes concerning the appropriate use of business performance forecasts

The earnings forecasts and other forward-looking statements herein are based on information currently available to us and certain
assumptions that we believe to be reasonable, and are not intended to guarantee the achievement of the forecasts. Actual results
may differ materially from the forecast depending on a range of factors.

4○Accompanying Materials – Contents

1.Quarterly Financial Statements and Major Notes....................................................................................2(1)Quarterly Balance Sheets................................................................................................2(2)Quarterly Statements of Income................................................................................................3(3)Notes to Quarterly Financial Statements...........................................................................4(Notes on the Going Concern Assumption)..............................................................................4(Notes on Substantial Changes in the Amount of Shareholders' Equity)...................................................4

5

2.Quarterly Financial Statements and Major Notes(1)Quarterly Balance Sheets
Prior taxable year
(As of December 31, 2021)(Thousands of yen)
Current First Quarter Accounting
Period(As of March 31, 2022)

AssetsCurrent assets
Cash and deposits
Accounts receivable

1,848,030
649,783

1,749,188-Accounts receivable and contract assets
Work in process

7,173

574,082
4,927

Others

14,53026,2842,519,516

2,354,481

Property, plant and equipment
Intangible assets

9,477
218

8,637
218

Investments and other assets
Investment securities

Total current assets
Fixed assets

334,077

357,768

Others

97,059129,368

Total investments and other assets

431,135

487,136

440,831495,992

2,960,3462,850,473

Total noncurrent assets
Total assets
Liabilities
Current liabilities
Accounts payable

129,288

130,446

Income taxes payable
Others96,28484,33330,793
99,880Total current liabilities

309,904

261,119

Long-term liabilities
Asset retirement obligations

3,590

799

Total noncurrent liabilities

3,590

799

313,494

261,918

Shareholders' equity
Paid-in Capital

322,841

323,219

Capital surplus
Retained earnings

281,980
2,141,192

282,343
2,065,852

Treasury stock(31,671)(31,807)

Total shareholders' equity

2,714,3412,639,607

Valuation difference on available-for-sale securities(67,559)(51,122)

Total valuation and translation adjustments(67,559)(51,122)

Total liabilities
Net assets

Valuation and translation adjustments

Stock acquisition right
Total net assets
Total liabilities and net assets

71

71

2,646,853

2,588,555

2,960,346

2,850,473

6(2)Quarterly Statements of Income
1st Quarter Cumulative Period(Thousands of yen)

Net sales
Cost of sales

Previous 1st Quarter CumulativePeriod(1 January 2021
To March 31, 2021)
632,580
474,560

Gross profit

158,019

171,571

Selling, general and administrative expenses

62,98472,508Operating income

95,03599,06398,543

99,112First Quarter of Fiscal 2016
(On January 1, 2022
From March 31, 2022)
655,258
483,687

Non-operating income
Interest income
Dividends income
OthersTotal non-operating income
Ordinary income
Extraordinary gains
Gain on sales of noncurrent assets
Total extraordinary income

095

8,552

9,217

103,588108,279

1,196-

1,196-

Quarterly income before income taxes

104,784

108,279

Income taxes

27,121

27,206

Income taxes-deferred5,424

6,391

Total income taxes

32,54533,597

Net profit

72,23974,682

7(3)Notes to Quarterly Financial Statements(Notes on the Going Concern Assumption)
Not applicable.
(Notes on Substantial Changes in the Amount of Shareholders' Equity)
Not applicable.