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 First Quarter of the Fiscal Year Ending March 31, 2023
[Japanese GAAP]
July 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: August 09, 2022
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Three Months Ended June 30, 2022 (April 01, 2022 to June 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%Three months ended
June 30, 2022
15,490(2.4)
1,557(27.8)
1,609(26.5)
1,070(29.3)
June 30, 2021
15,873
1.8
2,157
3.2
2,191
3.1
1,514
5.1
(Note) Comprehensive income:Three months ended June 30, 2022:¥551 million [(53.9) %]Three months ended June 30, 2021:¥
1,196 million [(40.4) %]Basic earnings
per share
Three months ended
June 30, 2022
June 30, 2021

Diluted earnings pershareYenYen19.54
27.65

19.46
27.52

(2) Consolidated Financial Position
Total assets
As ofJune 30, 2022
March 31, 2022
(Reference) Equity:

Net assets

Million yen

Million yen

56,33357,531
As of June 30, 2022:
As of March 31, 2022:

Capital adequacy ratio

¥¥

―1―

43,10444,57942,717 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-end

Total(Note) Revision to the forecast for dividends announced most recently:
No(Note) Breakdown of the 1st 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
Basic earnings
Net sales
Operating profit
Ordinary profit
to owners ofper shareparent%Million yen%

Million yen%Six months ended
33,0001.7
4,000 (20.0)
September 30, 2022
Full year
70,0008.4
10,5004.0(Note) Revision to the financial results forecast announced most recently:

Million yen%

Million yen

4,000(20.9)

2,700(21.6)

49.29

10,500
No

3.0

7,000

1.3127.80* Notes:(1) Changes in significant subsidiaries during the three months ended June 30, 2022
(changes in specified subsidiaries resulting in changes in scope of consolidation):(Company name:NewExclusion:(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):
June 30, 2022:
57,600,000 shares
March 31, 2022:
57,600,000 shares2) Total number of treasury shares at the end of the period:
June 30, 2022:
2,816,792 shares
March 31, 2022:
2,819,167 shares
3) Average number of shares during the period:
Three months ended June 30, 2022:
Three months ended June 30, 2021:

54,781,714 shares
54,771,769 shares―2―Yen))No

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Million yen)
As of March 31,2022

As of June 30,2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contractassets
Inventories
Other
Allowance for doubtful accounts

31,70032,623

10,914

9,127

86
2,472

170
2,733

(7)

(3)

45,16644,651

1,259

1,205

1,894
1,169

1,983
1,128

34

33

Total intangible assets

3,097

3,146

Investments and other assets
Investments and other assets

8,008

7,332

(1)

(1)

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

Allowance for doubtful accounts
Total investments and other assets

8,007

7,331

12,364

11,68257,531

56,333

Accounts payable - trade
Income taxes payable

4,377
1,298

4,558
418

Provision for bonuses
Other provisions

1,336
23538
20

Other

5,396

7,177

Total current liabilities

12,432

12,713

Total non-current assets
Total assets
Liabilities
Current liabilities

Non-current liabilities
Retirement benefit liability

4857

Other provisions
Other

52
418

52
405

Total non-current liabilities

519

516

12,951

13,229

Shareholders' equity
Share capital

1,590

1,590

Capital surplus
Retained earnings

1,480
41,402

1,482
40,445

Total liabilities
Net assets

Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment

―3―

(792)

(792)

43,68042,725

512

(108)

(6)

99

(Million yen)
As of March 31,2022
Total accumulated other comprehensive income

As of June 30,2022
505

(8)

Share acquisition rights

220

218

Non-controlling interests

173

168

44,57943,10457,531

56,333

Total net assets
Total liabilities and net assets―4―Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Million yen)
For the three months
ended June 30,2021

For the three months
ended June 30,2022

Net sales
Cost of sales

15,873
8,344

15,4908,326

Gross profit

7,528

7,164

Selling, general and administrative expenses

5,371

5,606

Operating profit

2,157

1,557

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

36

39

2-

013
3

Total non-operating income

3955000
13-3-00

Non-operating income

Non-operating expenses
Interest expenses
Foreign exchange lossesPartnership loss
Loss on extinguishment share-based compensation
expenses
OtherTotal non-operating expenses

53

2,191

1,609

Gain on sale of non-current assets

0-

Total extraordinary income0--0

Ordinary profit
Extraordinary income

Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

―5―-

0

2,191

1,609

702

542

1,488

1,066

(25)

(3)

1,514

1,070

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Million yen)
For the three months
ended June 30,2021
ProfitOther comprehensive income

For the three months
ended June 30,2022
1,488

1,066

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

(365)
72

(619)
104

Total other comprehensive income

(292)

(515)

Comprehensive income

1,196

551

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

1,218

556

(22)

(5)

―6―Quarterly Consolidated Statements of Cash Flows(Million yen)
For the three months
ended June 30,2021

For the three months
ended June 30,2022

Cash flows from operating activities
Profit before income taxes

2,191

1,609

Depreciation
Share-based payment expenses

352
9255
8

Amortization of goodwill
Increase (decrease) in provisions(886)

40(797)

Interest and dividend income
Interest expenses
Decrease (increase) in trade receivables and contract
assetsDecrease (increase) in inventories
Increase (decrease) in trade payables

(36)
0(39)
03,0991,790(57)
(262)

(84)
181

Increase (decrease) in deposits received
Other, net

1,046(554)1,202341

Subtotal

4,902

4,509

Interest and dividends received

4036

Interest paid
Income taxes paid

(0)(3,170)(0)(2,049)Net cash provided by (used in) operating activities

1,773

2,495

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

(78)

(30)

(158)
(163)

(251)
-0
(0)

744
(25)

(399)

436

(11)

(7)

(1,478)(2)(2,026)(9)

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(1,493)(2,044)1034(108)

922

Cash and cash equivalents at beginning of period

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

29,84732,623

Dividends paid
Other, net―7―