Consolidated Financial Results
for the Six Months Ended September 30, 2023
[Japanese GAAP]
November 10, 2023
Listed company: FUKUICOMPUTER HOLDINGS, Inc.
Stock exchange listing: Tokyo Stock Exchange
Code number: 9790
URL: https://www.fukuicompu.co.jp/
Representative: Koichi Sato, Representative Director and Group CEO
Contact: Akira Hashimoto, Managing Director and Group CFO/CHRO
Phone: +81-776-53-9200
Scheduled date of filing quarterly securities report: November 13, 2023
Scheduled date of commencing dividend payments: Availability of supplementary explanatory materials on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Scheduled (For institutional investors and analysts)(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended September 30, 2023 (April 1, 2023 – September 30,
2023)(1) Consolidated Operating Results (Cumulative)(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Six months ended
Million yen%
Million yen%
Million yen%
Million yen%
September 30, 2023
6,988
1.4
2,891
0.5
2,940
0.9
1,974
0.7
September 30, 2022
6,891
2.6
2,876
(4.5)
2,912
(3.9)
1,960
(2.9)
(Note) Comprehensive income: Six months ended September 30, 2023: 2,024 million yen [(0.8)%]
Six months ended September 30, 2022: 2,040 million yen [(1.8)%]
Basic earnings per
Diluted earnings per
share
share
Six months ended
Yen
Yen
95.50
September 30, 2023–
94.81
September 30, 2022–
(2) Consolidated Financial Position
Total assets

Net assets

Million yen

Shareholders’ equity ratio

Million yen%

27,713
22,467
As of September 30, 2023
26,743
21,683As of March 31, 2023
(Reference) Shareholders’ equity: As of September 30, 2023: 22,467 million yen
As of March 31, 2023: 21,683 million yen

81.1
81.1

2. Dividends
Annual dividends
1st quarter-end
Yen

2nd quarter-end 3rd quarter-end
Yen

Yen

Fiscal year ended–
0.00–
March 31, 2023
Fiscal year ending–
0.00
March 31, 2024
Fiscal year ending
March 31, 2024–
(forecast)(Note) Revision to the forecast for dividends announced most recently: None

Year-end

Total

Yen

Yen

60.00

60.00

65.00

65.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 – March 31,
2024)(% indicates changes from the previous corresponding period.)
Basic
Profit attributable
Net sales
Operating profit
Ordinary profit
earnings
to owners of parent
per share%

Million yen%

Yen

Full year
13,8831.9
5,340 (4.4)
5,380 (4.7)(Note) Revision to the financial results forecast announced most recently: None

Million yen%

Million yen%

Million yen

3,541

(7.0)

171.27* Notes:(1) Changes in significant subsidiaries during the period under review: None
(Changes in specified subsidiaries resulting in changes in scope of consolidation)
Newly included: – (Company name:)
Excluded: – (Company name:)(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies in accordance with changes in accounting standards, etc.: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Restatement: None
(4) Total number of issued and outstanding shares (ordinary shares)
1) Total number of issued and outstanding shares at the end of the period (including treasury shares):
As of September 30, 2023:
20,700,000 shares
As of March 31, 2023:
20,700,000 shares2) Total number of treasury shares at the end of the period:
As of September 30, 2023:
As of March 31, 2023:
3) Average number of shares during the period:
Six months ended September 30, 2023:
Six months ended September 30, 2022:

24,790 shares
24,790 shares

20,675,210 shares
20,675,259 shares* These quarterly consolidated financial results are outside the scope of quarterly review by certified public accountants
or an audit firm.
* Explanation of the proper use of financial results forecast and other notes
The performance outlook and other forward-looking statements herein are based on information currently available to
the Company and certain assumptions that the Company has deemed reasonable, and actual results may differ
significantly from the forecasts due to various factors.

Table of Contents - Attachments
1. Qualitative Information on Quarterly Financial Results ..................................................................... 2(1) Explanation of Operating Results ...................................................................................................... 2(2) Explanation of Financial Position ...................................................................................................... 2(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information ...... 3
2. Quarterly Consolidated Financial Statements and Principal Notes ......................................................... 4(1) Quarterly Consolidated Balance Sheets ............................................................................................ 4(2) Quarterly Consolidated Statements of Income and Comprehensive Income ....................................... 6(3) Quarterly Consolidated Statements of Cash Flows ............................................................................. 8(4) Notes to Quarterly Consolidated Financial Statements ....................................................................... 9(Notes on going concern assumptions) ....................................................................................... 9(Notes on significant changes in shareholders’ equity) .................................................................. 9(Segment information) ............................................................................................................... 9

1

1. Qualitative Information on Quarterly Financial Results(1) Explanation of Operating Results
For the six months ended September 30, 2023, the Group (the Company and its consolidated subsidiaries) posted
net sales of 6,988 million yen (a 1.4% increase year-on-year), operating profit of 2,891 million yen (a 0.5%
increase year-on-year), ordinary profit of 2,940 million yen (a 0.9% increase year-on-year), and profit attributableto owners of parent of 1,974 million yen (a 0.7% increase year-on-year).
Status by segment is as follows.
(Architecture System Business)
In the architecture system business, net sales were 3,095 million yen (a 3.7% increase year-on-year) andoperating profit was 949 million yen (an 8.3% decrease year-on-year). During the six months ended September
30, 2023, the number of corporate customers for maintenance service in the housing and BIM businesses, as wellas those for the 3D catalogue site in the building material business remained steady, and the stock business grew.
In the BIM business, GLOOBE2023 released in March 2023 for the purpose of reinforcing BIM applied in theconstruction stage increased new users, and sales of software increased year-on-year.
Employee reshuffling among the Group companies increased the number of workers and hence the labor
expenses. As a result, sales increased and profit decreased year-on-year.
(Surveying/Civil Engineering System Business)
In the surveying/civil engineering system business, net sales were 3,608 million yen (a 2.8% increase year-onyear), and operating profit was 1,745 million yen (a 2.6% increase year-on-year). During the six months ended
September 30, 2023, the increased demand for 3D processing due to the governmental decision to adopt
BIM/CIM for almost all public construction projects in principle resulted in a strong trend of sales in theconstruction infrastructure business. The main products of the business are “TREND-POINT,” a point cloud
processing software, and “TREND-CORE,” a BIM/CIM communication system, which contributed to sales
growth. The Surveying/Civil Engineering System Business, mainly in the stock business, also remained strong
and both sales and profit increased year-on-year.
(IT Solutions Business)
In the IT solutions business, net sales were 284 million yen (a decrease of 28.2% year-on-year), and operating
profit was 165 million yen (a decrease of 27.0% year-on-year), resulting in a decrease of both sales and profit
year-on-year. In the previous fiscal year, the Company recorded major sales related to the exit poll system for
the Upper House election held in July 2022. During the six months ended September 30, 2023, despite therecording of sales related to the nation-wide local elections held in April 2023, both sales and profit decreased,
as the scale of sales from such election was smaller than that for the Upper House election.

(2) Explanation of Financial Position
Total assets as of the end of the second quarter of the fiscal year under review were 27,713 million yen, an
increase of 969 million yen from the end of the previous fiscal year. This was primarily due to increases in cash,
deposits, and securities and decreases in accounts receivable-other.
Total liabilities increased by 186 million yen compared with the end of the previous fiscal year to 5,245
million yen. This was primarily due to an increase in income taxes payable and advances received and decreases
in accounts payable-other.
Net assets increased by 783 million yen compared with the end of the previous fiscal year to 22,467 million
yen. As a result, shareholders’ equity ratio stood at 81.1%.
During the six months ended September 30, 2023, cash and cash equivalents (hereinafter referred to as “funds”)
increased by 181 million yen from the end of the previous fiscal year to 18,235 million yen.
The status of cash flows and its main factors for the six months ended September 30, 2023 are as follows.
2(Cash flows from operating activities)
Funds provided by operating activities amounted to 2,844 million yen (compared to 1,295 million yen acquired
for the corresponding period in the previous fiscal year). This was mainly due to profit before income taxes of
2,940 million yen, depreciation of 97 million yen, increase in advances received of 217 million yen and, income
taxes paid of 525 million yen.
(Cash flows from investing activities)
Funds used in investing activities amounted to 1,423 million yen (compared to 72 million yen used for thecorresponding period in the previous fiscal year). This was mainly due to purchase and redemption of investment
securities of 2,438 million yen and 1,000 million yen, respectively.
(Cash flows from financing activities)
Funds used in financing activities amounted to 1,239 million yen (compared to 1,239 million yen used forthe corresponding period in the previous fiscal year). This was mainly due to dividends paid.

(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information
The consolidated financial results forecast remains unchanged from the Consolidated Financial Results which
was disclosed on May 12, 2023.

3

2. Quarterly Consolidated Financial Statements and Principal Notes(1) Quarterly Consolidated Balance Sheets(Million yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of September 30, 2023

18,053
378
1,425
36
10
4
1,002
(2)
20,90918,235
353
1,422
31
18
4
880
(0)
20,945

1,075
1,153
71
2,300
159

1,044
1,153
75
2,273
141

2,591
422
364
(4)
3,373
5,833
26,743

3,601
460
296
(5)
4,352
6,767
27,713

(Million yen)
As of March 31, 2023
Liabilities
Current liabilities
Accounts payable - trade
Income taxes payable
Advances received
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Other
Total current liabilities
Non-current liabilities
Deferred tax liabilities
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Total accumulated other comprehensive
incomeTotal net assets
Total liabilities and net assets

5

As of September 30, 2023

53
642
2,306
582

49
984
2,524
587

64

30

1,198
4,848

819
4,996

211
211
5,059

249
249
5,245

1,631
1,500
17,975(59)
21,0471,631
1,500
18,709(59)
21,781

636

685

636

685

21,683
26,743

22,467
27,713

(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income
Six Months Ended September 30(Million yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Commission income
Other
Total non-operating income
Ordinary profit
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to owners of parent

For the six months
ended September 30, 2022
6,891
1,452
5,438
2,562
2,876

For the six months
ended September 30, 2023
6,988
1,524
5,463
2,572
2,891

0
29
4
3
36
2,912
2,912
852
99
952
1,960
1,960

11
30
4
2
49
2,940
2,940
987
(21)
965
1,974
1,974

6

Quarterly Consolidated Statements of Comprehensive Income
Six Months Ended September 30(Million yen)

ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to noncontrolling interests

For the six months
ended September 30, 2022
1,960

For the six months
ended September 30, 2023
1,974

80

49

80
2,040

49
2,024

2,040

2,024

–

–

7

(3) Quarterly Consolidated Statements of Cash Flows(Million yen)
For the six months ended
September 30, 2022
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for
directors (and other officers)
Interest and dividend income
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in advances received
Other, net
SubtotalInterest and dividends received
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from redemption of investment securities
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Purchase of treasury shares
Dividends paid
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

8

For the six months ended
September 30, 2023

2,912
118
(197)

2,940
97
4

(13)

(34)

(29)
215
(0)
181
(324)
2,863
29
(1,597)
1,295

(42)
26
(2)
217
122
3,329
40
(525)
2,844

(39)
(20)
–
–
(12)
(72)

(23)
(28)
(2,438)1,000
66(1,423)(0)(1,239)(1,239)–(1,239)(1,239)––(16)
17,027
17,010181
18,053
18,235

(4) Notes to Quarterly Consolidated Financial Statements(Notes on going concern assumptions)Not applicable.

(Notes on significant changes in shareholders’ equity)
Not applicable.

(Segment information)[Segment information]
I. For the six months ended September 30, 2022 (from April 1, 2022 to September 30, 2022)
1. Information on net sales and profit or loss by reportable segment(Million yen)
Reportable segment
Surveying/Civil
Architecture
IT Solutions
Engineering
SystemBusiness
SystemBusiness
Business
Net sales
Sales to external customers
Intersegment sales ortransfers
Total
Segment profit

Amount recordedin Quarterly
Adjustments *1 Consolidated
Statements ofIncome *2

Total

2,984

3,510

395

6,891

–

6,891

–

–

–

–

–

–

2,984
1,035

3,510
1,701

395
226

6,891
2,963

–
(87)

6,891
2,876

(Notes)1. The adjustment of negative 87 million yen to segment profit is management fees and other fees received from groupcompanies and expenses related to group management.
2. Segment profit is adjusted to align with the operating profit in the quarterly consolidated statements of income.

II. For the six months ended September 30, 2023 (from April 1, 2023 to September 30, 2023)
1. Information on net sales and profit or loss by reportable segment(Million yen)
Reportable segment
Surveying/Civil
Architecture
IT Solutions
Engineering
SystemBusiness
SystemBusiness
Business
Net sales
Sales to external customers
Intersegment sales ortransfers
Total
Segment profit

Amount recordedin Quarterly
Adjustments *1 Consolidated
Statements ofIncome *2

Total

3,095

3,608

284

6,988

–

6,988

–

–

–

–

–

–

3,095
949

3,608
1,745

284
165

6,988
2,860

–

6,988
2,891

30

(Notes)1. The adjustment of 30 million yen to segment profit is management fees and other fees received from group companies
and expenses related to group management.
2. Segment profit is adjusted to align with the operating profit in the quarterly consolidated statements of income.

92. Changes, etc. in reportable segment“IFAC, LLC” and “IFAC Investment Limited Liability Partnership” were newly established for the purpose ofinvesting in construction-tech start-ups in and outside Japan. Accordingly, a new reportable segment,“Investment Business” has been added to the conventional three reportable segments of “Architecture System
Business,” “Surveying/Civil Engineering System Business” and “IT Solutions Business” from the first quarter
under review, resulting in four reportable segments.
In the second quarter under review, as revenues, profits or losses from “Investment Business” segment arequite small and are hence less significant in terms of amount, the amounts are included in the “Adjustments.”

10