Consolidated Financial Results
for the Nine Months Ended December 31, 2021
[Japanese GAAP]
February 10, 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, Director and General Manager of Corporate Management Division
Phone: +81-776-53-9200
Scheduled date of filing quarterly securities report: February 10, 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 Nine Months Ended December 31, 2021 (April 1, 2021 - December 31,
2021)(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%
10,670
11.6
4,834
18.7
4,864
18.4
3,227 17.0
December 31, 2021
December 31, 2020
9,561
0.2
4,071
10.6
4,107
10.4
2,758
9.1
(Note) Comprehensive income: Nine months ended December 31, 2021: 3,169 million yen [6.4%]
Nine months ended December 31, 2020: 2,977 million yen [14.0%]
Diluted earnings
Basic earnings per shareper share
Nine months ended
Yen
Yen
156.13–
December 31, 2021
December 31, 2020
133.41–(2) Consolidated Financial Position
Total assets

Net assets

Million yen

Shareholders’ equity ratio

Million yen%

22,61818,019As of December 31, 2021
21,161
15,707
As of March 31, 2021
(Reference) Shareholders’ equity: As of December 31, 2021: 18,019 million yen
As of March 31, 2021: 15,707 million yen

79.7
74.2

2. Dividends
Annual dividends

Fiscal year ended
March 31, 2021
Fiscal year ending
March 31, 2022
Fiscal year ending
March 31, 2022 (forecast)(Notes)

1st quarter-end

2nd quarter-end

3rd quarter-end

Year-end

Total

Yen

Yen

Yen

Yen

Yen

–

0.00

–

50.00

50.00

–

0.00

–
56.00

56.00

1.
2.

Revision to the forecast for dividends announced most recently: Yes
As for the revision of the dividend forecast, please refer to the “Notice of Revisions to Earnings Forecast andDividend Forecast” released today.

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 – March
31, 2022)(% indicates changes from the previous corresponding period.)
Profit attributable
Basic earnings
Net sales
Operating profit
Ordinary profit
to owners of parent
per share
Million yen%

Million yen%

Million yen%

Million yen%

Yen

Full year
13,900 8.2
5,900 13.7
5,930 13.2
3,910
10.8
189.11(Notes)
1. Revision to the financial results forecast announced most recently: Yes
2. As for the revision of the consolidated earnings forecast, please refer to the “Notice of Revisions to Earnings
Forecast and Dividend Forecast” released 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 December 31, 2021:
20,700,000 shares
As of March 31, 2021:
20,700,000 shares2) Total number of treasury shares at the end of the period:
As of December 31, 2021:
As of March 31, 2021:
3) Average number of shares during the period:
Nine months ended December 31, 2021:
Nine months ended December 31, 2020:

24,719 shares
24,596 shares

20,675,295 shares
20,675,439 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 ...................................................................................................... 3(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) ............................................................................................................ 9(Segment information) ............................................................................................................... 9

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1. Qualitative Information on Quarterly Financial Results(1) Explanation of Operating Results
For the nine months ended December 31, 2021, the Group (the Company and its consolidated subsidiaries) posted
net sales of 10,670 million yen (an 11.6% increase year-on-year), operating profit of 4,834 million yen (an 18.7%
increase year-on-year), ordinary profit of 4,864 million yen (an 18.4% increase year-on-year), and profit
attributable to the owners of the parent of 3,227 million yen (a 17.0% increase year-on-year).
Status by segment is as follows.
The reportable segments have been renamed from the first quarter of the fiscal year under review. Thischange is the renaming of the segments and does not affect segment information.
1) Architecture System BusinessIn the architecture system business, net sales were 4,775 million yen (a 5.9% increase year-on-year) andoperating profit was 1,859 million yen (a 9.3% increase year-on-year), achieving increases both in sales and in
profit.
During the nine months ended December 31, 2021, the housing business achieved increases both in sales
and in profit year-on-year thanks to increases in optional sales in response to revisions to the Building Energy
Efficiency Act and support by IT introduction subsidies. Also in the building materials business, whose main
product is a 3D catalog site, the business performance remains firm due to an increase in the number of corporate
customers and other factors.
2) Surveying/Civil Engineering System BusinessIn the surveying/civil engineering system business, net sales were 5,208 million yen (a 5.2% increase year-onyear), and operating profit was 2,557 million yen (a 10.7% increase year-on-year). In the surveying/civilengineering system business, the performance of the segment achieved increases both in sales and in profit yearon-year as a result of the steady performance of the civil engineering and construction infrastructure businesses
in particular, with sales being supported by the spread of i-Construction, the government measures related to
BIM/CIM promotion, IT introduction subsidies, and other factors.
3) IT Solutions BusinessIn the IT solutions business, net sales were 687 million yen (a 587.4% increase year-on-year), and operating
profit was 293 million yen (operating loss of 66 million yen for the corresponding period in the previous fiscal
year). Both sales and profit increased significantly compared to the same period of the previous fiscal year,
mainly due to the recording of sales related to the exit poll system for the House of Representatives election heldin October 2021.
The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) and otherstandards have been applied from the beginning of the first quarter of the fiscal year under review. For details,
please refer to “(3) Notes to Quarterly Consolidated Financial Statements (Changes in accounting policies),(Segment information) of 2. Quarterly Consolidated Financial Statements and Principal Notes.”2(2) Explanation of Financial Position
Total assets as of the end of the third quarter of the fiscal year under review were 22,618 million yen, an increaseof 1,456 million yen from the end of the previous fiscal year. This was mainly due to increases in cash anddeposits and trade receivables, and a decrease in inventories.
Total liabilities decreased by 855 million yen compared with the end of the previous fiscal year to 4,598
million yen. This was primarily due to decreases in income taxes payable and provision for bonuses.
Net assets increased by 2,312 million yen compared with the end of the previous fiscal year to 18,019
million yen. As a result, shareholders’ equity ratio stood at 79.7%.
(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information
As for the consolidated earnings forecast, please refer to the “Notice of Revisions to Earnings Forecast andDividend Forecast” released today.

32. Quarterly Consolidated Financial Statements and Principal Notes(1) Quarterly Consolidated Balance Sheets(Million yen)
As of March 31, 2021
AssetsCurrent assets
Cash and deposits
Notes and 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, 2021

13,598
1,757
42
2
180
680
(3)
16,257

14,809
2,413
21
24
5
737
(3)
18,008

1,176
1,153
113
2,442
170

1,137
1,153
105
2,396
187

1,516
446
332
(4)
2,290
4,903
21,161

1,423
273
332
(4)
2,025
4,609
22,618(Million yen)
As of March 31, 2021
Liabilities
Current liabilities
Notes and 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, 2021

48
1,226
2,308
707

38
633
2,312
298

56

44

918
5,265

1,085
4,413

188
188
5,453

185
185
4,598

1,631
1,500
12,040(59)
15,1131,631
1,500
14,412(59)
17,484

594

535

594

535

15,707
21,16118,01922,618

(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, 2020
9,561
1,993
7,567
3,496
4,071

For the nine months ended
December 31, 2021
10,670
2,350
8,320
3,485
4,834

25
6
4
35

24
5
5
35

–
–
4,107
4,107
1,177
171
1,348
2,758
2,758

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

6

Quarterly Consolidated Statements of Comprehensive Income
Nine Months Ended December 31(Million yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
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, 2020
2,758

For the nine months ended
December 31, 2021
3,227

219
219
2,977

(58)
(58)
3,169

2,977

3,169

–

–

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 accounting standards concerning revenue and other standards)
The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020; hereinafterreferred to as the “Revenue Recognition Accounting Standard”) and other standards have been applied since
the beginning of the first quarter of the fiscal year under review, and the Company recognizes revenue from theamount expected to be received in exchange for promised goods or services upon the transfer of control overthe goods or services to customers. The Company previously recognized revenue in connection with the
granting of licenses with a limited term of agreement from the terms of agreement thereof. However, as a resultof the abovementioned recognition approach, the Company has changed the way of recognition: when thenature of the promise at the time of granting a customer a license is a right to access intellectual property,
revenue is recognized for a specific period; or when the nature of the promise at the time of granting a customer
a license is a right to use intellectual property, revenue is recognized at a specific point of time. Moreover,considerations to be paid to customers, such as sales rebates, were previously handled as selling, general andadministrative expenses but are handled by reducing them from the total sales at present.
The application of the Revenue Recognition Accounting Standard and other standards is handled as atransitional treatment as stipulated in proviso of Paragraph 84 of the Revenue Recognition Accounting Standard.
The cumulative effects of retrospectively applying the new accounting policies to periods prior to the beginningof the first quarter of the fiscal year under review were added to or deducted from retained earnings at the
beginning of the first quarter of the fiscal year under review, and the new accounting policies were applied fromthe said beginning balance.
As a result, net sales for the nine months ended December 31, 2021 decreased by 106 million yen, andoperating profit, ordinary profit, and profit before income taxes each decreased by 24 million yen. In addition,
the beginning balance of retained earnings increased by 177 million yen.
(Application of accounting standard for fair value measurement and other standards)
The “Accounting Standard for Fair Value Measurement” (ASBJ Statement No. 30, July 4, 2019; hereinafterreferred to as the “Fair Value Measurement Accounting Standard”) and other standards have been applied fromthe beginning of the first quarter of the fiscal year under review, and the Company will continue to apply the
new accounting policy stipulated in the Fair Value Measurement Accounting Standard and other standards inthe future in accordance with transitional treatment stipulated in Paragraph 19 of the Fair Value Measurement
Accounting Standard and Paragraph 44-2 of the “Accounting Standard for Financial Instruments” (ASBJ

8

Statement No. 10, July 4, 2019). The application of these standards has no impact on quarterly 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.

(Segment information)[Segment information]
I. For the nine months ended December 31, 2020 (from April 1, 2020 to December 31, 2020)
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 or transfers
Total
Segment profit (loss)

Amount recordedin Quarterly
Adjustments *1 Consolidated
Statements ofIncome *2

Total

4,510

4,950

100

9,561

–

–

–

–

4,510
1,701

4,950
2,309

100
(66)

9,561
3,943

–
–
–
127

9,561

–
9,561
4,071

(Notes)1. The adjustment of 127 million yen to segment profit (loss) is management fees and other fees received from groupcompanies 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.

II. For the nine months ended December 31, 2021 (from April 1, 2021 to December 31, 2021)
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 or transfers
Total
Segment profit

Amount recordedin Quarterly
Adjustments *1 Consolidated
Statements ofIncome *2

Total

4,775

5,208

687

10,670

–

–

–

–

4,775
1,859

5,208
2,557

687
293

10,670
4,710

–
–
–
123

10,670–10,6704,834(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.

92. Change in reportable segments(Renaming of reportable segments)
From the first quarter of the fiscal year under review, the reportable segments of former “Architecture CAD
Business” and “Surveying/Civil Engineering CAD Business” are renamed to “Architecture System Business”
and “Surveying/Civil Engineering System Business” to indicate the contents of the businesses appropriately.
This change is the renaming of the segments and does not affect segment information. The segment
information for the nine months ended December 31, 2020 is also provided with the new segment names.
(Application of the Accounting Standard for Revenue Recognition and other standards)
As stated in Changes in accounting policies, the Revenue Recognition Accounting Standard and otherstandards have been applied since the beginning of the first quarter of the fiscal year under review, and theaccounting treatment concerning revenue recognition has been changed. Thus, the method for calculating
business segment profit or loss has also been changed.
As a result of these changes, net sales and segment profit of the “architecture system business” for the ninemonths ended December 31, 2021 decreased by 37 million yen and 23 million yen, respectively, and net sales
and segment profit of the “surveying/civil engineering system business” for the same period decreased by 69
million yen and 1 million yen, respectively.

10