Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Second Quarter of the Fiscal Year Ending March 31, 2023
[Japanese GAAP]
October 28, 2022
Company name: INFOCOM CORPORATION
Stock exchange listing: Tokyo
Code number: 4348
URL: https://www.infocom.co.jp/
Representative: Norihiro Takehara
President and CEO
Contact: Shinya Tanaka
Head of Corporate Communications Office
Phone: 03-6866-3160Scheduled date of filing quarterly securities report: November 11, 2022
Scheduled date of commencing dividend payments: November 30, 2022
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Six Months Ended September 30, 2022 (April 01, 2022 to September 30, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%Six months ended
September 30, 2022
33,0351.8
3,710(25.8)
3,785(25.1)
1,708(50.4)
September 30, 2021
32,456
(2.3)
4,998
1.6
5,055
2.1
3,445
2.0
(Note) Comprehensive income:Six months ended September 30, 2022:¥
1,487 million [(52.0) %]Six months ended September 30, 2021:¥3,095 million [(35.6) %]Basic earnings
per share
Six months ended
September 30, 2022September 30, 2021

Diluted earnings pershareYen

Yen

31.18
62.90

31.05
62.62

(2) Consolidated Financial Position
Total assets
As of
September 30, 2022
57,620March 31, 2022
57,531(Reference) Equity: As of September 30, 2022:
As of March 31, 2022:

Net assets

Million yen

Capital adequacy ratio

Million yen¥¥―1―44,039
44,57943,648 million
44,185 million

%

75.8
76.8

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2022-13.00-

37.00

50.00

Fiscal year ending March 31, 2023

-

18.00
-27.0045.00

Fiscal year ending March 31, 2023
(Forecast)Year-endTotal(Note) Revision to the forecast for dividends announced most recently:
No(Note) Breakdown of the 2nd quarter dividend for the fiscal year ending March 31, 2023 :Commemorative dividend- yenSpecial dividend- yen
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023(April 01, 2022 to March 31, 2023)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share%

Million yen%

Million yen%

Yen

Full year
71,0009.9
10,5004.0(Note) Revision to the financial results forecast announced most recently:

Million yen%

Million yen

10,500
Yes

3.0

6,100

(11.8)

111.35* Notes:(1) Changes in significant subsidiaries during the six months ended September 30, 2022
(changes in specified subsidiaries resulting in changes in scope of consolidation):
New(Company name:
Exclusion:(Company name:No(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
September 30, 2022:
57,600,000 shares
March 31, 2022:
57,600,000 shares2) Total number of treasury shares at the end of the period:
September 30, 2022:
2,813,118 shares
March 31, 2022:
2,819,167 shares
3) Average number of shares during the period:
Six months ended September 30, 2022:
Six months ended September 30, 2021:

54,783,076 shares
54,772,225 shares―2―))
NoQuarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Million yen)
As of March 31,2022

As of September 30,2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsInventoriesOther
Allowance for doubtful accounts
Total current assets

31,70033,64010,914

9,836

86
2,472

143
2,358

(7)

(3)

45,16645,974

1,259

1,137

1,894
1,169

2,030
449

Non-current assets
Property, plant and equipment
Intangible assets
Software
Goodwill
Other

34

33

Total intangible assets

3,097

2,513

Investments and other assets
Investments and other assets

8,008

7,996

(1)

(1)

Allowance for doubtful accounts
Total investments and other assets

8,007

7,995

12,364

11,64557,531

57,620Accounts payable - trade
Income taxes payable4,377
1,298

5,070
1,105

Provision for bonuses
Other provisions

1,336
23

1,062
20

Total non-current assets
Total assets
Liabilities
Current liabilities

Other

5,396

5,810

Total current liabilities

12,432

13,070Non-current liabilities
Retirement benefit liability

48

61

Other provisions
Other

52
418

52
396

Total non-current liabilities

519

510

12,951

13,580Shareholders' equity
Share capital

1,590

1,590

Capital surplus
Retained earnings

1,480
41,402

1,484
41,083

Treasury shares

(792)

(791)

Total liabilities
Net assets

43,68043,366

Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges

Total shareholders' equity

512

28-0

Foreign currency translation adjustment

(6)

253

Total accumulated other comprehensive income

505

282

―3―

(Million yen)
As of March 31,2022
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets―4―

As of September 30,2022
220
173

215
175

44,57944,03957,531

57,620Quarterly Consolidated Statements of Income and Comprehensive IncomeQuarterly Consolidated Statements of Income (For the six months)(Million yen)
For the six months
ended September 30,2021

For the six months
ended September 30,2022

Net sales
Cost of sales

32,456
16,77033,035
17,557Gross profit

15,685

15,477

Selling, general and administrative expenses

10,687

11,767

Operating profit

4,998

3,710

Interest and dividend income
Share of profit of entities accounted for using equity
method
Other

52

85

7-24

Total non-operating income

6289

Interest expenses
Foreign exchange losses

0112

Partnership loss
Loss on extinguishment share-based compensation
expenses
Other093-

00

Total non-operating expenses

613

Non-operating income

Non-operating expenses

Ordinary profit

5,055

3,785

Extraordinary income
Gain on sale of non-current assets

0-

Total extraordinary income

0-

Extraordinary losses
Impairment losses-719

Loss on retirement of non-current assets
Loss on valuation of investment securities

044

2118

Total extraordinary losses

44840

Profit before income taxes

5,011

2,945

Income taxes

1,616

1,238

Profit

3,394

1,707

(50)

(0)3,445

1,708

Loss attributable to non-controlling interests
Profit attributable to owners of parent―5―Quarterly Consolidated Statements of Comprehensive Income (For the six months)(Million yen)
For the six months
ended September 30,2021
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment

For the six months
ended September 30,2022

3,394

1,707

(374)
-(483)
074

262(299)(220)

Comprehensive income

3,095

1,487

Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

3,142

1,485

(47)

1

Total other comprehensive income―6―Quarterly Consolidated Statements of Cash Flows(Million yen)
For the six months
ended September 30,2021

For the six months
ended September 30,2022

Cash flows from operating activities
Profit before income taxes

5,011

2,945

Depreciation
Share-based payment expenses

669
18

491
17-71981(366)
(52)

(269)
(85)

044

1
118

2,154

1,084(40)
(367)

(56)
693

Impairment lossesAmortization 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 contract
assetsDecrease (increase) in inventories
Increase (decrease) in trade payables
Other, net

(815)

318

Subtotal

6,253

6,060

56(0)

79(1)

Income taxes paid
Income taxes refund(3,174)-(2,051)
221

Net cash provided by (used in) operating activities

3,135

4,308

(87)

(66)

(405)
(405)

(515)
(499)

1(1)

745
(48)

(898)

(385)(23)(13)(1,478)28(2,026)(19)

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cashequivalents
Net increase (decrease) in cash and cash equivalents(1,474)(2,060)

1375

775

1,939

Cash and cash equivalents at beginning of period

29,95631,700Cash and cash equivalents at end of period

30,732

33,640Interest and dividends received
Interest paid

Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from refund of guarantee deposits
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Repayments of lease liabilities
Dividends paid
Other, net―7―