Consolidated Financial Results
for the Nine Months Ended December 31, 2022
[Japanese GAAP]
February 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 President
Contact: Akira Hashimoto, Managing Director and General Manager of Corporate Management Division
Phone: +81-776-53-9200
Scheduled date of filing quarterly securities report: February 10, 2023
Scheduled date of commencing dividend payments: Availability of supplementary explanatory materials on quarterly financial results: Available
Schedule of quarterly financial results briefing session: None
(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2022 (April 1, 2022 - December 31,
2022)(1) Consolidated Operating Results (Cumulative)(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Nine months ended
Million yen%
Million yen%
Million yen%
Million yen%
December 31, 2022
10,144(4.9)
4,188(13.4)
4,235(12.9)
2,868(11.1)
December 31, 2021
10,670
4,834
18.7
4,864
18.4
3,227
17.0
11.6
(Note) Comprehensive income: Nine months ended December 31, 2022: 2,960 million yen [(6.6)%]
Nine months ended December 31, 2021: 3,169 million yen [6.4%]
Basic earnings per
Diluted earnings per
share
share
Nine months ended
Yen
Yen
December 31, 2022
138.76–
December 31, 2021
156.13–(2) Consolidated Financial Position
Total assets

Net assets

Million yen

Shareholders’ equity ratio

Million yen%

24,567
20,683As of December 31, 2022
24,593
18,963As of March 31, 2022
(Reference) Shareholders’ equity: As of December 31, 2022: 20,683 million yen
As of March 31, 2022: 18,963 million yen

84.2
77.1

2. Dividends
Annual dividends
1st quarter-end
Yen

2nd quarter-end 3rd quarter-end
Yen

Yen

Fiscal year ended–
0.00–
March 31, 2022
Fiscal year ending–
0.00–
March 31, 2023
Fiscal year ending
March 31, 2023
(forecast)(Note) Revision to the forecast for dividends announced most recently: None

Year-end

Total

Yen

Yen

60.00

60.00

60.00

60.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 – March 31,
2023)(% 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%

Million yen%

Million yen%

Full year
13,620 (5.0)
5,490 (13.1)
5,540 (12.9)(Note) Revision to the financial results forecast announced most recently: None

Million yen%

Yen

3,640 (13.8)

176.06* 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 December 31, 2022:
20,700,000 shares
As of March 31, 2022:
20,700,000 shares2) Total number of treasury shares at the end of the period:
As of December 31, 2022:
As of March 31, 2022:
3) Average number of shares during the period:
Nine months ended December 31, 2022:
Nine months ended December 31, 2021:

24,790 shares
24,719 shares

20,675,243 shares
20,675,295 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
Quarterly Consolidated Statements of Income
Nine Months Ended December 31 ................................................................................................. 6
Quarterly Consolidated Statements of Comprehensive Income
Nine Months Ended December 31 ................................................................................................. 7(3) Notes to Quarterly Consolidated Financial Statements ....................................................................... 8(Notes on going concern assumptions) ....................................................................................... 8(Notes on significant changes in shareholders’ equity) .................................................................. 8(Changes in accounting policies) ................................................................................................ 8(Additional information) ............................................................................................................ 8(Segment information) ............................................................................................................... 9

1

1. Qualitative Information on Quarterly Financial Results(1) Explanation of Operating Results
For the nine months ended December 31, 2022, the Group (the Company and its consolidated subsidiaries) posted
net sales of 10,144 million yen (a 4.9% decrease year-on-year), operating profit of 4,188 million yen (a 13.4%
decrease year-on-year), ordinary profit of 4,235 million yen (a 12.9% decrease year-on-year), and profit
attributable to owners of parent of 2,868 million yen (an 11.1% decrease year-on-year).
Status by segment is as follows.
1) Architecture System BusinessIn the architecture system business, net sales were 4,527 million yen (a 5.2% decrease year-on-year) andoperating profit was 1,567 million yen (a 15.7% decrease year-on-year), resulting in decreases both in sales andprofit. During the nine months ended December 31, 2022, in the said segment, the number of corporate customers
mainly for maintenance service and 3D catalog site remained steady and the recurring revenue business grew,
while in the housing business, which is the main business in the segment, sales were recently driven by IT
introduction subsidies, but the contribution of such subsidies to sales was limited in the fiscal year under review
as changes to the subsidy program for IT introduction led to a decrease in the number of cases adopted. As aresult, product sales were sluggish and sales declined from the same period of the previous fiscal year.
In addition, travel and exhibition expenses increased due to the resumption of sales activities after the easingof activity restrictions caused by the COVID-19 infection, resulting in a year-on-year decrease in profit.
2) Surveying/Civil Engineering System BusinessIn the surveying/civil engineering system business, net sales were 5,180 million yen (a 0.5% decrease year-onyear), and operating profit was 2,461 million yen (a 3.7% decrease year-on-year). The surveying/civilengineering system business saw IT introduction subsidies contribute to increased sales, with the transition to iConstruction, a government-backed measure, still underway. However, compared to the previous fiscal year, thenumber of IT introduction subsidies adopted in the fiscal year under review decreased due to changes to thesubsidy program, and the consequent contribution to sales was limited, which resulted in sluggish product sales.
Despite this situation, the recurring revenue business, mainly maintenance services, performed well. As a result,sales were generally at the same level as in the same period of the previous fiscal year.
In addition, travel and exhibition expenses and sales promotion related expenses, among other expenses,
increased due to the resumption of sales activities after the easing of activity restrictions caused by the COVID19 infection, leading to a year-on-year decrease in profit.
3) IT Solutions BusinessIn the IT solutions business, net sales were 436 million yen (a 36.5% decrease year-on-year), and operating profit
was 208 million yen (a 29.0% decrease year-on-year), resulting in decreases both in sales and in profit year-onyear. In the previous fiscal year, the Company recorded major sales related to the exit poll system for the Houseof Representatives election held in October 2021. In the fiscal year under review, despite the recording of sales
related to the House of Councilors election held in July 2022, both sales and profit decreased, as the scale ofsales from such election was smaller than that for the House of Representatives election.

(2) Explanation of Financial Position
Total assets as of the end of the third quarter of the fiscal year under review were 24,567 million yen, a decreaseof 25 million yen from the end of the previous fiscal year. This was primarily due to decreases in cash anddeposits and trade receivables and an increase in investment securities.
Total liabilities decreased by 1,745 million yen compared with the end of the previous fiscal year to 3,884
million yen. This was primarily due to decreases in income taxes payable and the provision for bonuses.
Net assets increased by 1,719 million yen compared with the end of the previous fiscal year to 20,683
million yen. As a result, shareholders’ equity ratio stood at 84.2%.
2

(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information
There is no change to the consolidated financial results forecast announced on November 11, 2022.

3

2. Quarterly Consolidated Financial Statements and Principal Notes(1) Quarterly Consolidated Balance Sheets(Million yen)
As of March 31, 2022
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 December 31, 2022

17,027
447
1,529
46
4
5
730
(3)
19,787

16,700
358
1,277
43
24
5
1,061
(2)
19,468

1,127
1,153
111
2,392
228

1,085
1,153
79
2,318
188

1,350
508
330
(4)
2,184
4,805
24,593

1,983
234
379
(6)
2,591
5,099
24,567

(Million yen)
As of March 31, 2022
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 December 31, 2022

61
1,366
2,273
759

48
45
2,385
297

46

48

981
5,489

878
3,704

140
140
5,629

180
180
3,884

1,631
1,500
15,406(59)
18,4781,631
1,500
17,035(59)
20,107

484

576

484

576

18,963
24,593

20,68324,567

(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income
Nine Months Ended December 31(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 nine months
ended December 31, 2021
10,670
2,350
8,320
3,485
4,834

For the nine months
ended December 31, 2022
10,144
2,141
8,003
3,815
4,188

24
5
5
35

37
6
4
47

5
5
4,864
4,864
1,531
105
1,636
3,227
3,227

–
–
4,235
4,235
1,094
271
1,366
2,868
2,868

6

Quarterly Consolidated Statements of Comprehensive Income
Nine Months Ended December 31(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 nine months
ended December 31, 2021
3,227

For the nine months
ended December 31, 2022
2,868

(58)

91

(58)
3,169

91
2,960

3,169

2,960

–

–

7

(3) 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 Implementation Guidance on Accounting Standard for Fair Value Measurement)
The Company has applied the “Implementation Guidance on Accounting Standard for Fair Value Measurement”(ASBJ Guidance No. 31, June 17, 2021; hereinafter “Fair Value Measurement Guidance”) from the beginningof the first quarter of the fiscal year under review, and will prospectively apply the new accounting policies
stipulated by the Fair Value Measurement Guidance in accordance with the transitional treatment provided in
Paragraph 27-2 of the Fair Value Measurement Guidance. The application of these standards has no impact onquarterly 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.

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(Segment information)[Segment information]
I. For the nine months ended December 31, 2021 (from April 1, 2021 to December 31, 2021)
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

4,775

5,208

687

10,670–10,670

–

–

–

–

–

–

4,775
1,859

5,208
2,557

687
293

10,670
4,710

–
123

10,6704,834(Notes)1. The adjustment of 123 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 nine months ended December 31, 2022 (from April 1, 2022 to December 31, 2022)
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

4,527

5,180

436

10,144–

10,144

–

–

–

–

–

–

4,527
1,567

5,180
2,461

436
208

10,144
4,237

–
(49)

10,144
4,188(Notes)1. The adjustment of negative 49 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.

9