Consolidated Financial Results
for the Six Months Ended September 30, 2022
[Japanese GAAP]
November 11, 2022
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: November 11, 2022
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, 2022 (April 1, 2022 - September 30,
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
Six months ended
Million yen%
Million yen%
Million yen%
Million yen%
September 30, 2022
6,891
2.6
2,876
(4.5)
2,912
(3.9)
1,960
(2.9)
September 30, 2021
6,716
8.7
3,012
19.7
3,032
19.1
2,017
18.9
(Note) Comprehensive income: Six months ended September 30, 2022: 2,040 million yen [(1.8)%]
Six months ended September 30, 2021: 2,078 million yen [11.3%]
Basic earnings per
Diluted earnings per
share
share
Six months ended
Yen
Yen
September 30, 2022
94.81–
September 30, 2021
97.59–
(2) Consolidated Financial Position
Total assets

Net assets

Million yen

Shareholders’ equity ratio

Million yen%

25,072As of September 30, 2022
19,763
24,593As of March 31, 2022
18,963(Reference) Shareholders’ equity: As of September 30, 2022: 19,763 million yen
As of March 31, 2022: 18,963 million yen

78.8
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%

Million yen%

Yen

Full year
13,620 (5.0)
5,490 (13.1)
5,540 (12.9)
3,640 (13.8)
176.06(Notes) 1. Revision to the financial results forecast announced most recently: Yes
2. As for the revision of the consolidated financial results forecast, please refer to the “Notice of Revision to
Financial Results Forecast” announced today.
* 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, 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 September 30, 2022:
As of March 31, 2022:
3) Average number of shares during the period:
Six months ended September 30, 2022:
Six months ended September 30, 2021:

24,790 shares
24,719 shares

20,675,259 shares
20,675,301 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
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) ............................................................................................................ 9(Segment information) ............................................................................................................. 10

1

1. Qualitative Information on Quarterly Financial Results(1) Explanation of Operating Results
For the six months ended September 30, 2022, the Group (the Company and its consolidated subsidiaries) posted
net sales of 6,891 million yen (a 2.6% increase year-on-year), operating profit of 2,876 million yen (a 4.5%
decrease year-on-year), ordinary profit of 2,912 million yen (a 3.9% decrease year-on-year), and profit
attributable to the owners of parent of 1,960 million yen (a 2.9% decrease year-on-year).
Status by segment is as follows.
1) Architecture System BusinessIn the architecture system business, net sales were 2,984 million yen (a 3.8% decrease year-on-year) andoperating profit was 1,035 million yen (an 11.8% decrease year-on-year), resulting in decreases both in sales andin profit. During the six months ended September 30, 2022, in the said segment, the number of corporate
customers mainly for maintenance service and 3D catalog site remained steady and the stock business grew,
while in the housing business, which is the main business in the segment, the adoption rate declined due to theaddition of the digitalization base introduction category limit of IT introduction subsidies, resulting in sluggish
product sales and a year-on-year decline both in sales and profit.
2) Surveying/Civil Engineering System BusinessIn the surveying/civil engineering system business, net sales were 3,510 million yen (a 1.0% increase year-onyear), and operating profit was 1,701 million yen (a 2.5% decrease year-on-year). The surveying/civilengineering system business was also affected by a decline in the adoption rate due to the addition of thedigitalization base introduction category limit of IT introduction subsidies, but the spread of i-Construction led
to strong sales in the construction infrastructure business, whose main product is point cloud processing software,and contributed to sales growth.
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, achieving increases both in sales and profit.
3) IT Solutions BusinessIn the IT solutions business, net sales were 395 million yen (a 187.7% increase year-on-year), and operating
profit was 226 million yen (a 971.6% increase year-on-year), achieving increases both in sales and in profit yearon-year. During the six months ended September 30, 2022, both sales and profit significantly increased year-onyear, mainly due to the recording of sales related to the exit poll system for the House of Councilors election
held in July 2022.

(2) Explanation of Financial Position
Total assets as of the end of the second quarter of the fiscal year under review were 25,072 million yen, an
increase of 479 million yen from the end of the previous fiscal year. This was mainly due to decreases in tradereceivables and deferred tax assets, and increases in investment securities and accounts receivable-other.
Total liabilities decreased by 320 million yen compared with the end of the previous fiscal year to 5,308
million yen. This was mainly due to decreases in income taxes payable and provision for bonuses, and an increasein accounts payable-other.
Net assets increased by 800 million yen compared with the end of the previous fiscal year to 19,763 million
yen. As a result, shareholders’ equity ratio stood at 78.8%.
During the six months ended September 30, 2022, cash and cash equivalents (hereinafter referred to as“funds”) decreased by 16 million yen from the end of the previous fiscal year to 17,010 million yen.
The status of cash flows and its main factors for the six months ended September 30, 2022 are as follows.
(Cash flows from operating activities)
Funds provided by operating activities amounted to 1,295 million yen (compared to 1,408 million yen
2acquired for the corresponding period in the previous fiscal year). This was mainly due to profit before income
taxes of 2,912 million yen, depreciation of 118 million yen, a decrease in trade receivables of 215 million yen,
and income taxes paid of 1,597 million yen.
(Cash flows from investing activities)
Funds used in investing activities amounted to 72 million yen (compared to 90 million yen used for thecorresponding period in the previous fiscal year). This was mainly due to purchase of property, plant andequipment of 39 million yen and purchase of intangible assets of 20 million yen.
(Cash flows from financing activities)
Funds used in financing activities amounted to 1,239 million yen (compared to 1,033 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
As for the consolidated financial results forecast, please refer to the “Notice of Revision to Financial Results
Forecast" announced today.

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 September 30, 2022

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

17,010
377
1,383
45
6
4
994
(1)
19,821

1,127
1,153
111
2,392
228

1,101
1,153
82
2,337
217

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

1,968
390
341
(4)
2,695
5,250
25,072

(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 September 30, 2022

61
1,366
2,273
759

56
864
2,455
562

46

32

981
5,489

1,178
5,149

140
140
5,629

159
159
5,308

1,631
1,500
15,406(59)
18,478

1,631
1,500
16,126(59)
19,198

484

565

484

565

18,963
24,593

19,76325,072

(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, 2021
6,716
1,392
5,323
2,311
3,012

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

17
3
3
25

29
4
3
36

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

–
–
2,912
2,912
852
99
952
1,960
1,960

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, 2021
2,017
60
60
2,078
2,078
–

7

For the six months
ended September 30, 2022
1,960
80
80
2,040
2,040
–

(3) Quarterly Consolidated Statements of Cash Flows(Million yen)
For the six months ended
September 30, 2021
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, 2022

3,032
92
(145)

2,912
118
(197)

(27)

(13)

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

–
215
(0)
181
(353)
2,863
29
(1,597)
1,295

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

(39)
(20)
(12)
(72)

(0)
(1,032)(1,033)(0)(1,239)(1,239)––285
13,59813,883(16)
17,027
17,010(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 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.

9

(Segment information)[Segment information]
I. For the six months ended September 30, 2021 (from April 1, 2021 to September 30, 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

3,101

3,477

137

6,716

–

6,716

–

–

–

–

–

–

3,101
1,174

3,477
1,744

137
21

6,716
2,940

–
71

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.

II. For the six months ended September 30, 2022 (from April 1, 2022 to September 30, 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

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.

10