Consolidated Financial Results
for the Six Months Ended September 30, 2021
[Japanese GAAP]
November 12, 2021
Listed company: FUKUICOMPUTER HOLDINGS, Inc.
Stock exchange listing: Tokyo Stock Exchange
Code number: 9790
URL: https://www.fukuicompu.co.jp/
Representative: Harukatsu Hayashi, Representative Director and President
Contact: Akira Hashimoto, Director and General Manager of Corporate Management Division
Phone: +81-776-53-9200
Scheduled date of filing quarterly securities report: November 12, 2021
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, 2021 (April 1, 2021 - September 30,
2021)(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
%
6,716
8.7
3,012
19.7
3,032
19.1
2,017 18.9
September 30, 2021
September 30, 2020
6,179
(9.6)
2,517 (11.0)
2,545(10.9)
1,696 (12.7)(Note) Comprehensive income: Six months ended September 30, 2021: 2,078 million yen [11.3%]
Six months ended September 30, 2020: 1,866 million yen [(3.6)%]
Diluted earnings
Basic earnings per shareper share
Six months ended
Yen
Yen
97.59
–
September 30, 2021
September 30, 2020
82.06–
(2) Consolidated Financial Position
Total assets

Net assets

Million yen

Shareholders’ equity ratio

Million yen%

21,871
16,929As of September 30, 2021
21,161
15,707
As of March 31, 2021
(Reference) Shareholders’ equity: As of September 30, 2021: 16,929 million yen
As of March 31, 2021: 15,707 million yen

77.4
74.2

2. Dividends
Annual dividends
1st quarter-end

2nd quarter-end

3rd quarter-end

Yen

Yen

Yen

Yen

Yen

－

50.00

50.00

－

50.00

50.00

Fiscal year ended－
0.00
March 31, 2021
Fiscal year ending－
0.00
March 31, 2022
Fiscal year ending
March 31, 2022 (forecast)(Note) Revision to the forecast for dividends announced most recently: None

Year-endTotal

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 – March
31, 2022)(% indicates changes from the previous corresponding period.)
Profit attributable
Basic earnings
Net sales
Operating profit
Ordinary profit
to owners of parent
per share
Million yen%

Yen

Full year
13,190 2.7
5,200
0.2
5,240
0.1
3,450
(Note) Revision to the financial results forecast announced most recently: None

Million yen%

Million yen%

Million yen

%

(2.2)

166.86* 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.: Yes
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, 2021:
20,700,000 shares
As of March 31, 2021:
20,700,000 shares2) Total number of treasury shares at the end of the period:
As of September 30, 2021:
As of March 31, 2021:
3) Average number of shares during the period:
Six months ended September 30, 2021:
Six months ended September 30, 2020:

24,719 shares
24,596 shares

20,675,301 shares
20,675,452 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 ...................................................................................................... 3(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
Quarterly Consolidated Statements of Income
Six Months Ended September 30 ................................................................................................... 6
Quarterly Consolidated Statements of Comprehensive Income
Six Months Ended September 30 ................................................................................................... 7(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(Changes in accounting policies) ................................................................................................ 9(Additional information) .......................................................................................................... 10(Segment information) ............................................................................................................. 10

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1. Qualitative Information on Quarterly Financial Results(1) Explanation of Operating Results
For the six months ended September 30, 2021, the Group (the Company and its consolidated subsidiaries) posted
net sales of 6,716 million yen (an 8.7% increase year-on-year), operating profit of 3,012 million yen (a 19.7%
increase year-on-year), ordinary profit of 3,032 million yen (a 19.1% increase year-on-year), and profit
attributable to the owners of the parent of 2,017 million yen (an 18.9% increase year-on-year).
Status by segment is as follows.
The reportable segments have been renamed from the first quarter of the fiscal year under review. Thischange is the renaming of the segments and does not affect segment information.
1) Architecture System BusinessIn the architecture system business, net sales were 3,101 million yen (an 8.6% increase year-on-year) andoperating profit was 1,174 million yen (an 18.0% increase year-on-year), achieving increases both in sales andin profit.
During the six months ended September 30, 2021, the housing business achieved increases both in sales
and in profit year-on-year thanks to increases in optional sales in response to revisions to the Building Energy
Efficiency Act and support by IT introduction subsidies. Also in the building materials business, whose main
product is a 3D catalog site, the business performance remains firm with an increase in the number of corporate
customers.
2) Surveying/Civil Engineering System BusinessIn the surveying/civil engineering system business, net sales were 3,477 million yen (a 6.5% increase year-onyear), and operating profit was 1,744 million yen (a 17.4% increase year-on-year). In the surveying/civilengineering system business, the performance of the segment achieved increases both in sales and in profit yearon-year as a result of the steady performance of the civil engineering and construction infrastructure businesses
in particular, supported by the spread of i-Construction and the government measures related to BIM/CIM.
3) IT Solutions BusinessIn the IT solutions business, net sales were 137 million yen (a 136.6% increase year-on-year), and operating
profit was 21 million yen (operating loss of 47 million yen for the corresponding period in the previous fiscal
year).
During the six months ended September 30, 2021, the business achieved increases both in sales and in profit
year-on-year because of a firm increase in the sales of the business related to elections for the heads ofmunicipalities etc. in response to the increasing needs of the news media toward surveys in anticipation of a
House of Representatives election.
The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) and otherstandards have been applied from the beginning of the first quarter of the fiscal year under review. For details,
please refer to “(4) Notes to Quarterly Consolidated Financial Statements (Changes in accounting policies),(Segment information) of 2. Quarterly Consolidated Financial Statements and Principal Notes.”2(2) Explanation of Financial Position
Total assets as of the end of the second quarter of the fiscal year under review were 21,871 million yen, an
increase of 709 million yen from the end of the previous fiscal year. This was mainly due to an increase in cash
and deposits, trade receivables and investment securities.
Total liabilities decreased by 511 million yen compared with the end of the previous fiscal year to 4,941
million yen. This was primarily due to decreases in income taxes payable and provision for bonuses.
Net assets increased by 1,221 million yen compared with the end of the previous fiscal year to 16,929
million yen. As a result, shareholders’ equity ratio stood at 77.4%.
During the six months ended September 30, 2021, cash and cash equivalents (hereinafter referred to as“funds”) increased by 285 million yen from the end of the previous fiscal year to 13,883 million yen.
The status of cash flows and its main factors for the six months ended September 30, 2021 are as follows.
(Cash flows from operating activities)
Funds provided by operating activities amounted to 1,408 million yen (compared to 1,764 million yen acquired
for the corresponding period in the previous fiscal year). This was mainly due to profit before income taxes of
3,032 million yen, depreciation of 92 million yen, and income taxes paid of 1,322 million yen.
(Cash flows from investing activities)
Funds used in investing activities amounted to 90 million yen (compared to 207 million yen used for thecorresponding period in the previous fiscal year). This was mainly due to purchase of property, plant andequipment of 17 million yen and purchase of intangible assets of 70 million yen.
(Cash flows from financing activities)
Funds used in financing activities amounted to 1,033 million yen (compared to 928 million yen used for thecorresponding 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 forecast disclosed on May 14, 2021.

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2. Quarterly Consolidated Financial Statements and Principal Notes(1) Quarterly Consolidated Balance Sheets(Million yen)
As of March 31, 2021
AssetsCurrent assets
Cash and deposits
Notes and 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, 2021

13,598
1,757
42
2
180
680
(3)
16,257

13,883
2,070
25
4
180
792
(3)
16,954

1,176
1,153
113
2,442
170

1,141
1,153
104
2,399
207

1,516
446
332
(4)
2,290
4,903
21,161

1,596
384
333
(4)
2,309
4,916
21,871

(Million yen)
As of March 31, 2021
Liabilities
Current liabilities
Notes and 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, 2021

48
1,226
2,308
707

56
1,027
2,283
561

56

29

918
5,265

761
4,719

188
188
5,453

222
222
4,941

1,631
1,500
12,040(59)
15,113

1,631
1,500
13,201(59)
16,274

594

655

594

655

15,707
21,161

16,92921,871

(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
Dividend income
Commission income
Other
Total non-operating income
Non-operating expenses
Loss on valuation of investment securities
Total non-operating expenses
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, 2020
6,179
1,344
4,835
2,317
2,517

For the six months ended
September 30, 2021
6,716
1,392
5,323
2,311
3,012

20
4
3
28

17
3
3
25

－
－
2,545
2,545
801
48
849
1,696
1,696

5
5
3,032
3,032
1,035
(20)
1,014
2,017
2,017

6

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

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
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, 2020
1,696

For the six months ended
September 30, 2021
2,017

170
170
1,866

60
60
2,078

1,866

2,078

－

－

7

(3) Quarterly Consolidated Statements of Cash Flows(Million yen)
For the six months ended
September 30, 2020
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)
Loss (gain) on valuation of investment securities
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
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, 2021

2,545
105
(118)

3,032
92
(145)

(26)

(27)

－
(126)
11
117
(118)
2,390
20
(647)
1,764

5
(313)
14
(25)
79
2,713
17
(1,322)
1,408

(86)
(124)
3
(207)

(17)
(70)
(1)
(90)

－
(928)
(928)
－
628
10,543
11,171(0)(1,032)(1,033)－285
13,59813,883

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

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

(Changes in accounting policies)(Application of accounting standards concerning revenue and other standards)
The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020; hereinafterreferred to as the “Revenue Recognition Accounting Standard”) and other standards have been applied since
the beginning of the first quarter of the fiscal year under review, and the Company recognizes revenue from theamount expected to be received in exchange for promised goods or services upon the transfer of control overthe goods or services to customers. The Company previously recognized revenue in connection with the
granting of licenses with a limited term of agreement from the terms of agreement thereof. However, as a resultof the abovementioned recognition approach, the Company has changed the way of recognition: when thenature of the promise at the time of granting a customer a license is a right to access intellectual property,
revenue is recognized for a specific period; or when the nature of the promise at the time of granting a customer
a license is a right to use intellectual property, revenue is recognized at a specific point of time. Moreover,considerations to be paid to customers, such as sales rebates, were previously handled as selling, general andadministrative expenses but are handled by reducing them from the total sales at present.
The application of the Revenue Recognition Accounting Standard and other standards is handled as atransitional treatment as stipulated in proviso of Paragraph 84 of the Revenue Recognition Accounting Standard.
The cumulative effects of retrospectively applying the new accounting policies to periods prior to the beginningof the first quarter of the fiscal year under review were added to or deducted from retained earnings at the
beginning of the first quarter of the fiscal year under review, and the new accounting policies were applied fromthe said beginning balance.
As a result, net sales for the six months ended September 30, 2021 decreased by 55 million yen, andoperating profit, ordinary profit, and profit before income taxes each decreased by 11 million yen. In addition,
the beginning balance of retained earnings increased by 177 million yen.
In accordance with the transitional treatment prescribed in Paragraph 28-15 of the “Accounting Standard
for Quarterly Financial Reporting” (ASBJ Statement No. 12, March 31, 2020), information on the
disaggregation of revenues from contracts with customers has not been provided for the six months ended
September 30, 2020.
(Application of accounting standard for fair value measurement and other standards)
The “Accounting Standard for Fair Value Measurement” (ASBJ Statement No. 30, July 4, 2019; hereinafterreferred to as the “Fair Value Measurement Accounting Standard”) and other standards have been applied from9

the beginning of the first quarter of the fiscal year under review, and the Company will continue to apply the
new accounting policy stipulated in the Fair Value Measurement Accounting Standard and other standards inthe future in accordance with transitional treatment stipulated in Paragraph 19 of the Fair Value Measurement
Accounting Standard and Paragraph 44-2 of the “Accounting Standard for Financial Instruments” (ASBJ
Statement No. 10, July 4, 2019). The application of these standards has no impact on quarterly consolidated
financial statements.

(Additional information)
There is no significant change to the accounting estimates in association with the spread of COVID-19 statedin (Additional information) on the Annual Securities Report for the previous fiscal year.

(Segment information)[Segment information]
I. For the six months ended September 30, 2020 (from April 1, 2020 to September 30, 2020)
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 or transfers
Total
Segment profit (loss)

2,855
－
2,855
995

3,266
－
3,266
1,486

58
－
58
(47)

Total

Amount recordedin Quarterly
Adjustments *1 Consolidated
Statements ofIncome *2

6,179
－
6,179
2,434

－
－
－
83

6,179
－
6,179
2,517

(Notes)1. The adjustment of 83 million yen to segment profit (loss) is management fees and other fees received from groupcompanies and expenses related to group management.
2. Segment profit (loss) is adjusted to align with the operating profit in the quarterly consolidated statements of income.

II. For the six months ended September 30, 2021 (from April 1, 2021 to September 30, 2021)
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 or transfers
Total
Segment profit

3,101
－
3,101
1,174

3,477
－
3,477
1,744

137
－
137
21

Total

6,716
－
6,716
2,940

Amount recordedin Quarterly
Adjustments *1 Consolidated
Statements ofIncome *2
－
－
－
71

6,716
－
6,716
3,012

(Notes)1. The adjustment of 71 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.

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2. Change in reportable segments(Renaming of reportable segments)
From the first quarter of the fiscal year under review, the reportable segments of former “Architecture CAD
Business” and “Surveying/Civil Engineering CAD Business” are renamed to “Architecture System Business”
and “Surveying/Civil Engineering System Business” to indicate the contents of the businesses appropriately.
This change is the renaming of the segments and does not affect segment information. The segment
information for the six months ended September 30, 2020 is also provided with the new segment names.
(Application of the Accounting Standard for Revenue Recognition and other standards)
As stated in Changes in accounting policies, the Revenue Recognition Accounting Standard and otherstandards have been applied since the beginning of the first quarter of the fiscal year under review, and theaccounting treatment concerning revenue recognition has been changed. Thus, the method for calculating
business segment profit or loss has also been changed.
As a result of these changes, net sales and segment profit of the “architecture system business” for the six
months ended September 30, 2021 decreased by 28 million yen and 19 million yen, respectively, and net
sales and segment profit of the “surveying/civil engineering system business” for the same period decreased
by 26 million yen and increased by 8 million yen, respectively.

11