Consolidated Financial Results
for the Three Months Ended June 30, 2024
[Japanese GAAP]
August 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, Director and Group CFO/CHRO
Phone: +81-776-53-9200
Scheduled date to commencing dividend payments: Availability of financial results briefing material: Available
Schedule of financial results briefing: None
(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 – June 30, 2024)(1) Consolidated Operating Results (Cumulative)(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Three months ended
Million yen%
Million yen%
Million yen%
Million yen%
June 30, 2024
3,481
(1.6)
1,400
(0.3)
1,424
(0.4)
968
0.0
June 30, 2023
3,537
11.8
1,403
26.6
1,429
26.9
968
27.4
(Note) Comprehensive income: Three months ended June 30, 2024: 975 million yen [(4.9)%]
Three months ended June 30, 2023: 1,025 million yen [38.2%]
Basic earnings per
Diluted earnings per
share
share
Three months ended
Yen
Yen
46.84
June 30, 2024–
46.82
June 30, 2023–
(2) Consolidated Financial Position
Total assets

Net assets

Million yen

Shareholders’ equity ratio

Million yen%

30,06624,038
As of June 30, 2024
29,763
24,407
As of March 31, 2024
(Reference) Shareholders’ equity: As of June 30, 2024: 24,038 million yen
As of March 31, 2024: 24,407 million yen

80.0
82.0

2. Dividends
Annual dividends
1st quarter-end
Yen

2nd quarter-end 3rd quarter-end
Yen

Yen

Fiscal year ended–
0.00–
March 31, 2024
Fiscal year ending–
March 31, 2025
Fiscal year ending
March 31, 2025
0.00–
(forecast)(Note) Revision to the forecast for dividends announced most recently: None

Year-end

Total

Yen

Yen

65.00

65.00

70.00

70.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024 – March 31,
2025)(% 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%

2nd quarter
6,875
(1.6)
2,698 (6.7)
2,718 (7.6)(Cumulative)
Full year
13,8370.1
5,390 (3.5)
5,430 (4.3)(Note) Revision to the financial results forecast announced most recently: None

Million yen

%

Yen

1,792

(9.2)

86.67

3,572

(6.4)

172.77* Notes:(1) Significant changes in the scope of consolidation during the period under review: None
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 June 30, 2024:
20,700,000 shares
As of March 31, 2024:
20,700,000 shares2) Total number of treasury shares at the end of the period:
As of June 30, 2024:
As of March 31, 2024:
3) Average number of shares during the period:
Three months ended June 30, 2024:
Three months ended June 30, 2023:

24,790 shares
24,790 shares

20,675,210 shares
20,675,210 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified
public accountants or an audit firm: None
* 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. Overview of Operating Results, etc. .................................................................................................... 2(1) Overview of Operating Results for April to June 2024 .............................................................................2(2) Overview of Financial Position for April to June 2024 .............................................................................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 .........................................................................................6
Three Months Ended June 30 .................................................................................................. ................ 6
Quarterly Consolidated Statements of Comprehensive Income ...............................................................7
Three Months Ended June 30 .................................................................................. .......... ...................... 7(3) Notes to Quarterly Consolidated Financial Statements ...........................................................................8(Notes on going concern assumptions) ..............................................................................................8(Notes on significant changes in shareholders’ equity) ......................................................................8(Notes on Segment information) ........................................................................................................8(Notes on Statements of Cash Flows) ................................................................................................91

1. Overview of Operating Results, etc.
(1) Overview of Operating Results for April to June 2024
For the three months ended June 30, 2024, FUKUICOMPUTER HOLDINGS, Inc. (the “Company” and its
consolidated subsidiaries (collectively, the “Group”) posted net sales of 3,481 million yen (a 1.6% decrease yearon-year), operating profit of 1,400 million yen (a 0.3% decrease year-on-year), ordinary profit of 1,424 million
yen (a 0.4% decrease year-on-year), and profit attributable to owners of parent of 968 million yen (a 0.0%
increase year-on-year).
Status by segment is as follows.
(Architecture System Business)
In the architecture system business, net sales were 1,650 million yen (an 11.5% increase year-on-year) andoperating profit was 585 million yen (a 45.2% increase year-on-year). During the three months ended June 30,
2024, sales of products and maintenance service in the housing and building material businesses remained strong
due to the growing demand for complying with the amendment of the Building Standards Act in 2025. In theBIM business, GLOOBE2024 was released in May 2024 under the theme of reforming working practices andimproving productivity in the construction industry. By leveraging the strengths of the domestically-produced
BIM system, the number of new users increased, and sales of products and maintenance service increased yearon-year. As a result, both sales and profit increased year-on-year.
(Surveying/Civil Engineering System Business)
In the surveying/civil engineering system business, net sales were 1,798 million yen (a 0.5% decrease year-onyear), and operating profit was 858 million yen (a 1.7% increase year-on-year). During the three months ended
June 30, 2024, sales of 3D processing products for the civil engineering business use shifted strongly, due to thegrowing demand for 3D capabilities, thanks to the i-Construction 2.0 program promoted by the Ministry of Land,
Infrastructure, Transport and Tourism as well as the governmental decision to adopt BIM/CIM for almost all
public construction projects in principle. On the other hand, the surveying business showed a slight decrease insales year-on-year, partly because our flagship products were not upgraded during the during the quarter,
though the upgrading took place during the same period of the previous fiscal year. As a result, sales decreased
while profit increased year-on-year.
(IT Solutions Business)
In the IT solutions business, net sales were 32 million yen (an 87.0% decrease year-on-year), and operating loss
was 7 million yen (operating profit of 175 million yen for the corresponding period in the previous fiscal year),resulting in decreases in both sales and in profit year-on-year.
For the corresponding period in the previous fiscal year, the Company recorded sales related to the exit pollsystem for the nation-wide local elections held in April 2023, while during the three months ended June 30, 2024,
as there were no local/governmental elections held, both sales and profit decreased.
(Investment Business)
Operating loss during the three months ended June 30, 2024 accounted for 0 million yen as operating cost.
(During the same period of the previous fiscal year, no revenues, profits or losses were posted.)(2) Overview of Financial Position for April to June 2024
Total assets as of the end of the first quarter of the fiscal year under review were 30,066 million yen, an increaseof 303 million yen from the end of the previous fiscal year. This was mainly due to increases in cash and deposits,
and investment securities and a decrease in deferred tax assets.
Total liabilities increased by 671 million yen compared with the end of the previous fiscal year to 6,028
million yen. This was mainly due to an increase in advances received and accounts payable-other, and a decrease
in income taxes payable.
2Net assets decreased by 368 million yen compared with the end of the previous fiscal year to 24,038 million
yen. As a result, shareholders’ equity ratio stood at 80.0%.

(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information
The consolidated financial results forecast remains unchanged from the forecast for the fiscal year ending March
31, 2025 that was shown in the Consolidated Financial Results disclosed on May 10, 2024.

3

2. Quarterly Consolidated Financial Statements and Principal Notes(1) Quarterly Consolidated Balance Sheets(Million yen)
As of March 31, 2024
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 June 30, 2024

19,834
354
1,390
38
33
4
896
(0)
22,551

20,021
395
1,309
41
16
4
986
(0)
22,774

1,003
1,153
237
2,394
135

989
1,153
234
2,377
153

3,879
468
337
(4)
4,681
7,211
29,763

4,139
319
306
(4)
4,761
7,292
30,066

(Million yen)
As of March 31, 2024
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 June 30, 2024

52
1,037
2,394
611

45
293
2,610
286

61

0

916
5,071

2,486
5,723

284
284
5,356

304
304
6,028

1,631
1,500
20,552(59)
23,624

1,631
1,500
20,176(59)
23,248

782

789

782

789

24,407
29,76324,03830,066

(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
Interest income
Dividend income
Insurance claim 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 three months
ended June 30, 2023
3,537
777
2,759
1,356
1,403

For the three months
ended June 30, 2024
3,481
773
2,708
1,307
1,400

8
14
－
2
0
25
1,429
1,429
315
145
461
968
968

7
12
0
2
0
23
1,424
1,424
289
165
455
968
968

6

Quarterly Consolidated Statements of Comprehensive Income
Three Months Ended June 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 three months
ended June 30, 2023
968

For the three months
ended June 30, 2024
968

57

7

57
1,025

7
975

1,025

975

－

－

7

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

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

(Notes on Segment information)
I. For the three months ended June 30, 2023 (from April 1, 2023 to June 30, 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

Total

Amount recordedin Quarterly
Adjustments *1 Consolidated
Statements ofIncome *2

1,480

1,806

251

3,537

－

3,537

－

－

－

－

－

－

1,480
403

1,806
844

251
175

3,537
1,423

－
(19)

3,537
1,403

(Notes)1. The adjustment of negative 19 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.

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 first quarter under review, no revenues, profits or losses from “Investment Business” were generated, they
are omitted in the table.
II. For the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)
1. Information on net sales and profit or loss by reportable segment

8

(Million yen)
Reportable segment

Net sales
Sales to externalcustomers
Intersegment
sales ortransfers
Total
Segment profit(loss)

Adjustments*1

Amountrecorded in
Quarterly
Consolidated
Statementsof Income *2

3,481

－

3,481

－

－

－

－

32

－

3,481

－

3,481

(7)

(0)

1,435

(35)

1,400

Architecture
SystemBusiness

Surveying/
Civil
Engineering
SystemBusiness

IT Solutions
Business

Investment
Business

1,650

1,798

32

－

－

－

－

1,650

1,798

585

858

Total

(Notes)1. The adjustment of negative 35 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.

(Notes on Statements of Cash Flows)
No quarterly consolidated statements of cash flows were prepared for the three months ended June 30, 2024.
The following table shows depreciation (including amortization of intangible assets) related to the period.

For the three months
ended June 30, 2023
Depreciation

48 million yen

9

For the three months
ended June 30, 2024
35 million yen