Consolidated Financial Results
for the Three Months Ended June 30, 2022
[Japanese GAAP]
August 5, 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: August 8, 2022
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 Three Months Ended June 30, 2022 (April 1, 2022 - June 30, 2022)(1) Consolidated Operating Results (Cumulative)(% indicates changes from the previous ©corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Three months ended
Million yen%
Million yen%
Million yen%
Million yen%
June 30, 2022
3,165(0.7)
1,108(14.9)
1,126(14.0)
759(13.0)
June 30, 2021
3,187
14.1
1,302
41.4
1,310
39.9
873
37.7
(Note) Comprehensive income: Three Months Ended June 30, 2022: 741 million yen [(14.5)%]
Three Months Ended June 30, 2021: 867 million yen [24.4%]
Diluted earnings per
Basic earnings per share
share
Three months endedYen
Yen
36.75
–
June 30, 2022
June 30, 2021
42.25–(2) Consolidated Financial Position
Total assets

Net assets

Million yen

Shareholders’ equity ratio

Million yen%

23,722As of June 30, 2022
18,46524,593
As of March 31, 2022
18,963(Reference) Shareholders’ equity: As of June 30, 2022: 18,465 million yen
As of March 31, 2022: 18,963 million yen

77.8
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–
March 31, 2023
Fiscal year ending
March 31, 2023
0.00–
(forecast)(Note) Revision to the forecast for dividends announced most recently: NoneYear-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 – March31, 2023)(% indicates changes from the previous corresponding period.)
BasicProfit attributable
Net sales
Operating profit
Ordinary profit
earnings
to owners of parent
per share
Million yen%

Million yen%

Million yen%

2nd quarter
7,400 10.2
3,400 12.9
3,420 12.8(Cumulative)
Full year
14,580
1.7
6,400
1.3
6,440
1.3(Note) Revision to the financial results forecast announced most recently: None

Million yen%

Yen

2,258

11.9

109.214,2400.4

205.08* 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 June 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 June 30, 2022:
As of March 31, 2022:
3) Average number of shares during the period:
Three months ended June 30, 2022:
Three months ended June 30, 2021:

24,719 shares
24,719 shares

20,675,281 shares
20,675,322 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 ...... 2
2. Quarterly Consolidated Financial Statements and Principal Notes ......................................................... 3(1) Quarterly Consolidated Balance Sheets ............................................................................................ 3(2) Quarterly Consolidated Statements of Income and Comprehensive Income ....................................... 5
Quarterly Consolidated Statements of Income
Three Months Ended June 30 ........................................................................................................ 5
Quarterly Consolidated Statements of Comprehensive Income
Three Months Ended June 30 ........................................................................................................ 6(3) Notes to Quarterly Consolidated Financial Statements ....................................................................... 7(Notes on going concern assumptions) ....................................................................................... 7(Notes on significant changes in shareholders’ equity) .................................................................. 7(Changes in accounting policies) ................................................................................................ 7(Additional information) ............................................................................................................ 7(Segment information) ............................................................................................................... 81

1. Qualitative Information on Quarterly Financial Results(1) Explanation of Operating Results
For the three months ended June 30, 2022, the Group (the Company and its consolidated subsidiaries) posted net
sales of 3,165 million yen (a 0.7% decrease year-on-year), operating profit of 1,108 million yen (a 14.9%decrease year-on-year), ordinary profit of 1,126 million yen (a 14.0% decrease year-on-year), and profit
attributable to the owners of parent of 759 million yen (a 13.0% decrease year-on-year).
Status by segment is as follows.
1) Architecture System BusinessIn the architecture system business, net sales were 1,422 million yen (a 1.8% decrease year-on-year) andoperating profit was 467 million yen (a 4.0% decrease year-on-year), resulting in decreases both in sales and in
profit. During the three months ended June 30, 2022, in the building materials business, the number of corporate
customers remained steady and the stock business grew, while in the housing business, which is the main businessin the segment, the adoption rate declined due to the addition of the digitalization base introduction category
limit of IT introduction subsidies, resulting in sluggish product sales and a year-on-year decline in revenues.
2) Surveying/Civil Engineering System BusinessIn the surveying/civil engineering system business, net sales were 1,698 million yen (a 0.9% increase year-onyear), and operating profit was 774 million yen (a 1.8% decrease year-on-year). The surveying/civil engineeringsystem business was also affected by a decline in the adoption rate due to the addition of the digitalization baseintroduction 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, an increase in travel and exhibition expenses due to the gradual resumption of sales activities, which
had been restricted due to the impact of the COVID-19 infection, led to an increase in sales and a decrease inprofit.
3) IT Solutions BusinessIn the IT solutions business, net sales were 44 million yen (a 21.3% decrease year-on-year), and operating loss
was 25 million yen (operating profit of 1 million yen for the corresponding period in the previous fiscal year),resulting in decreases in both sales and in profit year-on-year. During the three months ended June 30, 2022,
revenue decreased mainly due to a year-on-year decline in the number of projects in the election-related businessresults. In the construction-related cloud business, performance remained flat.

(2) Explanation of Financial Position
Total assets as of the end of the first quarter of the fiscal year under review were 23,722 million yen, a decreaseof 871 million yen from the end of the previous fiscal year. This was primarily due to decreases in cash anddeposits and accounts receivable - trade and deferred tax assets and an increase in accounts receivable - other.
Total liabilities decreased by 372 million yen compared with the end of the previous fiscal year to 5,257
million yen. This was primarily due to an increase in deposits received and decreases in income taxes payable
and the provision for bonuses.
Net assets decreased by 498 million yen compared with the end of the previous fiscal year to 18,465 million
yen. As a result, shareholders’ equity ratio stood at 77.8%.
(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information
The consolidated financial results forecast remains unchanged from the cumulative second quarter forecast andthe full year forecast, both of which were disclosed in the Consolidated Financial Results dated May 13, 2022.

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

3As of June 30, 2022

17,027
447
1,529
46
4
5730
(3)
19,78715,756
452
1,310
40
15
4
1,642
(1)
19,219

1,127
1,153
111
2,392
228

1,111
1,153
86
2,350
241

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

1,326
257
330
(4)
1,910
4,502
23,722

(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

4

As of June 30, 2022

61
1,366
2,273
759

47
151
2,463
281

46

16

981
5,489

2,191
5,152

140
140
5,629

104
104
5,257

1,631
1,500
15,406(59)18,4781,631
1,500
14,926(59)
17,998484466484

466

18,963
24,593

18,46523,722

(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income
Three Months Ended June 30(Million yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Dividend income
Insurance claim 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 three months
ended June 30, 2021
3,187675
2,512
1,209
1,302

For the three months
ended June 30, 2022
3,165
681
2,483
1,375
1,108

81
1
12

150
10
17

5
5
1,310
1,310
305
131
436
873
873

1,126
1,126
144
221
366
759
759

5

Quarterly Consolidated Statements of Comprehensive Income
Three Months Ended June 30(Million yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Total other comprehensive income
Comprehensive incomeComprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests

6

For the three months
ended June 30, 2021
873

For the three months
ended June 30, 2022
759

(5)
(5)
867

(17)
(17)
741

867

741

--

(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.

7

(Segment information)[Segment information]
I. For the three months ended June 30, 2021 (from April 1, 2021 to June 30, 2021)
1. Information on net sales and profit or loss by reportable segment(Million yen)
Reportable segment
Surveying/Civil
Architecture
IT Solutions
Engineering
SystemBusinessSystem
BusinessBusinessNet sales
Sales to external customers
Intersegment sales ortransfers
Total
Segment profit

Total

Amount recordedin Quarterly
Adjustments *1 Consolidated
Statements ofIncome *2

1,449

1,682

56

3,187－

3,187－－－－－－

1,449
487

1,682
788

56
1

3,187
1,277－
25

3,187
1,302(Notes)
1. The adjustment of 25 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 three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)
1. Information on net sales and profit or loss by reportable segment(Million yen)
Reportable segment
Surveying/CivilArchitecture
IT Solutions
EngineeringSystemBusinessSystem
BusinessBusinessNet sales
Sales to external customers
Intersegment sales ortransfers
TotalSegment profit (loss)

Total

Amount recordedin Quarterly
Adjustments *1 Consolidated
Statements ofIncome *2

1,422

1,698

44

3,165

－

3,165

－－－－－－

1,422
467

1,698
774

44
(25)

3,165
1,216－
(107)

3,165
1,108

(Notes)1. The adjustment of negative 107 million yen to segment profit (loss) is management fees and other fees received fromgroup companies 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.

8