Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2022
[Japanese GAAP]
July 30, 2021
Company name:

Infocom Corporation

Stock exchange listing: Tokyo
Stock code:
4348
Representative:
Inquiries:

URL

https://www.infocom.co.jp/

President and CEO
Head of Corporate Communications Office

Norihiro Takehara
Shinya TanakaScheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

August 11, 2021–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

YesNo

TEL

03-6866-3160(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2021 (from April 1, 2021 to June 30, 2021)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Three months ended June 30, 2021
15,873
1.8
2,157
3.2
2,191
3.1
1,514
5.1
Three months ended June 30, 2020
15,589
22.9
2,091
68.6
2,126
67.6
1,441
67.7
Earnings per share

Diluted earnings per share

Yen
27.65
26.33

Three months ended June 30, 2021
Three months ended June 30, 2020

Yen
27.52
26.22

(2) Consolidated financial position
Total assets

Net assets

Millions of yen
53,88756,435

As of June 30, 2021
As of March 31, 2021

Equity ratio

Millions of yen
40,757
41,839

%
75.1
73.5

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
10.00

Yen–

Yen
27.00

Yen
37.00

13.00

–

27.00

40.00

Year ended March 31, 2021
Year ending March 31, 2022
Year ending March 31, 2022 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

Net sales
Millions of yen
Six months ending
September 30, 2021Full year

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen

35,0005.4

4,800(2.5)

4,800(3.0)

3,250(3.8)

59.35

77,00013.1

11,0001.7

11,000

0.6

7,300

16.3

133.31

1

4. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2021
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoNo(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2021

57,600,000 shares As of March 31, 2021

57,600,000 shares

Number of treasury shares at the end of the period
As of June 30, 2021

2,828,567 shares As of March 31, 2021

2,829,423 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2021

54,771,769 shares Three months ended June 30, 2020

254,734,777 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of June 30, 2021

As of March 31, 2021
AssetsCurrent assets
Cash and depositsNotes and accounts receivable - trade
Notes and accounts receivable - trade, andcontract assets
Inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Software
Other
Total intangible assets
Investments and other assets
Investments and other assets
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Income taxes payable
Provision for bonuses
Other provisions
Other
Total current liabilities
Non-current liabilities
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities

3

29,956
12,502

29,847
–

–

9,492

167
1,345
(7)
43,964

209
2,184
(4)
41,729

1,054

902

1,592
47
1,639

1,581
35
1,616

9,974
(198)
9,776
12,471
56,435

9,849
(211)
9,637
12,15753,887

4,975
2,729
1,402
–
5,133
14,241

4,678
615
511
12
7,176
12,994

16
338
355
14,59621
113
134
13,129As of March 31, 2021
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
Foreign currency translation adjustment
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

4(Millions of yen)
As of June 30, 2021

1,590
1,556
37,479(795)
39,8291,590
1,556
36,715(795)
39,067

1,827

1,461

(153)
1,673
228
107
41,83956,435(84)
1,377
227
85
40,75753,887

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Three months ended
Three months ended
June 30, 2020
June 30, 2021
Net sales
15,58915,873
Cost of sales
7,909
8,344
Gross profit
7,680
7,528
Selling, general and administrative expenses
5,589
5,371
Operating profit
2,091
2,157
Non-operating income
Interest and dividend income
3736
Share of profit of entities accounted for using equity
22
methodForeign exchange gains
0–
Other00
Total non-operating income
4139
Non-operating expenses
Interest expenses
00
Foreign exchange losses–
0Partnership loss
51
Loss on extinguishment share-based compensation–
3expenses
Other00
Total non-operating expenses
65
Ordinary profit
2,126
2,191
Extraordinary income
Gain on sale of non-current assets–
0
Total extraordinary income–
0Extraordinary losses
Loss on retirement of non-current assets
0–Loss on valuation of investment securities
3–
Bad debts written off1–
Other0–Total extraordinary losses
5–
Profit before income taxes2,121
2,191
Income taxes
692
702
Profit1,428
1,488
Loss attributable to non-controlling interests
(12)
(25)
Profit attributable to owners of parent
1,441
1,514

5

Consolidated statements of comprehensive income (cumulative)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests

6Three months ended
June 30, 2020
1,428

(Millions of yen)Three months ended
June 30, 2021
1,488641(0)(61)
579
2,008(365)–72(292)
1,196

2,031

1,218(23)(22)

Consolidated statements of cash flows
Three months ended
June 30, 2020
Cash flows from operating activities
Profit before income taxes
Depreciation
Share-based payment expenses
Amortization of goodwill
Increase (decrease) in provisions
Interest and dividend income
Interest expenses
Loss (gain) on valuation of investment securities
Decrease (increase) in trade receivables and contractassets
Decrease (increase) in inventories
Increase (decrease) in trade payables
Other, net
SubtotalInterest and dividends received
Interest paid
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
Purchase of investment securities
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Repayments of lease obligations
Dividends paid
Other, net
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

7(Millions of yen)Three months ended
June 30, 2021

2,121
228
50
50(977)
(37)
0
3

2,191
352
9–
(886)
(36)
0–

1,358

3,099

(169)
138
540
3,307
41(0)
(1,696)
1,651

(57)
(262)
492
4,902
40(0)
(3,170)
1,773

(16)
(122)
–(0)
(139)

(78)
(158)
(163)
0(399)(14)(1,149)(2)(1,166)(11)(1,478)(2)(1,493)

(27)

10

318
23,491
23,809(108)
29,956
29,847