Consolidated Financial Results
for the Nine Months Ended December 31, 2023
[Japanese GAAP]
February 9, 2024
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: February 9, 2024
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, 2023 (April 1, 2023 – December 31,
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
Nine months ended
Million yen%
Million yen%
Million yen%
Million yen%
10,278
1.3
4,111
(1.8)
4,180
(1.3)
2,813
(1.9)
December 31, 2023
10,144(4.9)
4,188(13.4)
4,235(12.9)
2,868(11.1)
December 31, 2022
(Note) Comprehensive income: Nine months ended December 31, 2023: 2,881 million yen [(2.7)%]
Nine months ended December 31, 2022: 2,960 million yen [(6.6)%]
Basic earnings per
Diluted earnings per
share
share
Nine months ended
Yen
Yen
136.10December 31, 2023–
138.76
December 31, 2022–
(2) Consolidated Financial Position
Total assets

Net assets

Million yen

Shareholders’ equity ratio

Million yen%

27,781
23,324As of December 31, 2023
26,743
21,683As of March 31, 2023
(Reference) Shareholders’ equity: As of December 31, 2023: 23,324 million yen
As of March 31, 2023: 21,683 million yen

84.0
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 December 31, 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 December 31, 2023:
As of March 31, 2023:
3) Average number of shares during the period:
Nine months ended December 31, 2023:
Nine months ended December 31, 2022:

24,790 shares
24,790 shares

20,675,210 shares
20,675,243 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) Notes to Quarterly Consolidated Financial Statements ....................................................................... 8(Notes on going concern assumptions) ....................................................................................... 8(Notes on significant changes in shareholders’ equity) .................................................................. 8(Segment information) ............................................................................................................... 8

11. Qualitative Information on Quarterly Financial Results(1) Explanation of Operating Results
For the nine months ended December 31, 2023, the Group (the Company and its consolidated subsidiaries) posted
net sales of 10,278 million yen (a 1.3% increase year-on-year), operating profit of 4,111 million yen (a 1.8%
decrease year-on-year), ordinary profit of 4,180 million yen (a 1.3% decrease year-on-year), and profit
attributable to owners of parent of 2,813 million yen (a 1.9% decrease year-on-year).
Status by segment is as follows.
(Architecture System Business)
In the architecture system business, net sales were 4,746 million yen (a 4.8% increase year-on-year) andoperating profit was 1,495 million yen (a 4.6% decrease year-on-year). During the nine months ended December
31, 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 continued to remain steady, and the stockbusiness grew. In the BIM business, reinforcement of BIM in the construction stage for improving productivity
increased the number of new construction companies that introduced the technique, making sales of the software
increase year-on-year.
Due to the increased labor expenses arising from the employee reshuffling among the Group companies as wellas the increased travel and exhibitions expenses after sales activities made more active, including participationin large-scale trade exhibitions this fiscal year, sales increased and profit decreased year-on-year.
(Surveying/Civil Engineering System Business)
In the surveying/civil engineering system business, net sales were 5,219 million yen (a 0.8% increase year-onyear), and operating profit was 2,422 million yen (a 1.6% decrease year-on-year). During the nine months ended
December 31, 2023, due to the governmental decision to adopt BIM/CIM for almost all public construction
projects in principle that started in fiscal 2023, there was an increase in the number of corporate customers,
mainly for such products as point cloud processing software and BIM/CIM communication systems and sales
shifted strongly in the construction infrastructure business. The Surveying/Civil Engineering System Businessshowed an increase in profit year-on-year, slightly though, due to the increased sales produced by the stockbusiness, though sales of products decreased.
This fiscal year, due to the increased travel and exhibitions expenses after sales activities made more active,
including participation in large-scale trade exhibitions, sales increased and profit decreased year-on-year.
(IT Solutions Business)
In the IT solutions business, net sales were 312 million yen (a decrease of 28.5% year-on-year), and operating
profit was 157 million yen (a decrease of 24.5% 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 nine months ended December 31, 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 third quarter of the fiscal year under review were 27,781 million yen, an increaseof 1,037 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 decreased by 603 million yen compared with the end of the previous fiscal year to 4,456
million yen. This was primarily due to decreases in income taxes payable and provision for bonuses.
Net assets increased by 1,641 million yen compared with the end of the previous fiscal year to 23,324
million yen. As a result, shareholders’ equity ratio stood at 84.0%.

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(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 December 31, 2023

18,053
378
1,425
36
10
4
1,002
(2)
20,90918,852
381
1,276
33
15
4
851
(1)
21,412

1,075
1,153
71
2,300
159

1,029
1,153
245
2,428
132

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

3,167
303
344
(8)
3,807
6,368
27,781

(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 December 31, 2023

53
642
2,306
582

36
355
2,463
317

64

45

1,198
4,848

973
4,193

211
211
5,059

263
263
4,456

1,631
1,500
17,975(59)
21,0471,631
1,500
19,548(59)
22,620

636

704

636

704

21,683
26,74323,32427,781

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

For the nine months
ended December 31, 2023
10,278
2,315
7,962
3,850
4,111

0
37
6
4
47
4,235
4,235
1,094
271
1,366
2,868
2,868

19
38
6
3
68
4,180
4,180
1,224
141
1,366
2,813
2,813

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, 2022
2,868

For the nine months
ended December 31, 2023
2,813

91

67

91
2,960

67
2,881

2,960

2,881

–

–

7

(3) 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 nine months ended December 31, 2022 (from April 1, 2022 to December 31, 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

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.

II. For the nine months ended December 31, 2023 (from April 1, 2023 to December 31, 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

4,746

5,219

312

10,278–

10,278

–

–

–

–

–

–

4,746
1,495

5,219
2,422

312
157

10,278
4,075–

10,2784,111

36(Notes)1. The adjustment of 36 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.

8

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 third 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.”

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