Non-Consolidated Financial Results
for the Fiscal Year Ended April 30, 2023
[Japanese GAAP]
June 9, 2023
Company name: Asukanet Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Code number: 2438
URL: https://www.asukanet.co.jp
Representative: Yuji Matsuo, Representative Director & President
Contact: Kenya Kono, Senior Managing Director & CFO
Phone: +81-82-850-1200
Scheduled date of Annual General Meeting of Shareholders: July 26, 2023
Scheduled date of commencing dividend payments: July 27, 2023
Scheduled date of filing annual securities report: July 27, 2023
Availability of supplementary briefing material on annual financial results: Available
Schedule of annual financial results briefing session: Scheduled (for securities analysts and institutional investors)(Amounts of less than one million yen are rounded down.)
1. Non-Consolidated Financial Results for the Fiscal Year Ended April 30, 2023
(May 1, 2022 to April 30, 2023)(1) Non-Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year endedApril 30, 2023
April 30, 2022

Operating income

Ordinary income

ProfitMillion yen%

Million yen%

Million yen%

Million yen

%

6,976
6,331

10.2
9.7

585
439

33.0
58.6

618
452

36.5
36.8

482
332

45.0
47.6

Basic earnings
per share

Diluted earnings
per share

Rate of return on
equityOrdinary income
to total assets

Operating income
to net sales

Fiscal year ended
Yen
Yen
28.94
April 30, 2023
19.76
April 30, 2022
(Reference) Equity in earnings of affiliated companies:

%

%

%

7.9
8.8
5.6
6.8
Fiscal year ended April 30, 2023: ¥- million
Fiscal year ended April 30, 2022: ¥- million(Note) Diluted earnings per share is not presented as there were no potential shares.
(2) Non-Consolidated Financial Position
Total assets

Net assets

Million yen

Equity ratio

8.4
6.9

Net assets per share

Million yen

%

Yen

6,203
6,020

86.9
87.3

373.19358.24

Cash flow fromoperating activities

Cash flow frominvesting activities

Cash flow fromfinancing activities

Cash and cash
equivalents at endof period

Million yen

Million yen

Million yen

Million yen

695
827

(331)
(91)

(315)
(157)

2,044
1,994

7,134
As of April 30, 2023
6,896
As of April 30, 2022
(Reference) Equity: As of April 30, 2023: ¥6,203 million
As of April 30, 2022: ¥6,020 million(3) Non-Consolidated Cash Flows

Fiscal year endedApril 30, 2023
April 30, 2022

2. Dividends
Annual dividends
1st
2nd
3rd
Year-endquarter-end quarter-end quarter-end
Fiscal year endedApril 30, 2022
Fiscal year endedApril 30, 2023
Fiscal year ending
April 30, 2024
(Forecast)

Total

Total
dividends(Annual)Dividend
payoutratio

Dividends
tonet assets

Yen

Yen

Yen

Yen

Yen

Million yen

%

%

-

0.00

-

7.00

7.00

117

35.4

2.0

-

0.00

-

9.00

9.00

149

31.1

2.5

-

0.00

-

7.00

7.00

32.9

3. Non-Consolidated Financial Results Forecast for the Fiscal Year Ending April 30, 2024
(May 1, 2023 to April 30, 2024)(% indicates changes from the previous corresponding period.)
Basic earnings
Net sales
Operating income
Ordinary income
Profitper share
Million yen%

Million yen%

Million yen%

Million yen

%

Yen

7,330
5.1
495 (15.4)
505 (18.3)
353 (26.7)
21.28
Full year
As the Company manages its financial results at an annual base, the financial results forecast for the first half is notdisclosed.
* Notes:(1) 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(2) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
April 30, 2023: 17,464,000 shares
April 30, 2022: 17,464,000 shares2) Total number of treasury shares at the end of the period:
April 30, 2023: 842,257 shares
April 30, 2022: 657,657 shares
3) Average number of shares during the period:
Fiscal year ended April 30, 2023: 16,672,047 sharesFiscal year ended April 30, 2022: 16,841,606 shares* These financial results are outside the scope of audit by a certified public accountant or an audit corporation.
* Explanation of the proper use of financial results forecast and other notes
The earnings forecasts and other forward-looking statements herein are based on information currently
available to the Company and certain assumptions that the Company believes are reasonable, and actual results
may differ significantly from these forecasts due to a wide range of factors.

4. Overview of Business Results(1) Overview of Business Results for the Fiscal Year
Asukanet operates three business areas, each with different positioning and characteristics. They are (1) the funeral business,
which adds digital processing and remote output services for photos of the deceased to a funeral business that is largely unaffectedby economic trends, (2) the photo book business, which provides ideas for new photo output methods that allow users to create
complete photo collections beginning from just a single book, and (3) the aerial display business, which is utilizing unique,recently-developed technologies aiming to create a new market and achieve dreams.
In December 2022, we concluded a capital and business partnership with REXIT Co., Ltd., a start-up company operating“Tokihana”, which offers DX services for the wedding market.
Following is an overview of the business results for each segment. The result figures for each segment include internal intersegment sales.
(Funeral business)
In this business, although the effects of the coronavirus pandemic have lessened and the holding of funerals is returning tonormal, funerals continue to generally be smaller in size. There was strong growth in income from processing photos of thedeceased, our primary business area, due to a steady increase in the numbers of new contracts, as well as to an increase in thenumbers of funerals held nationwide. As a result, there was also strong growth in sales of frames, paper, and other supplies, aswell as sales of hardware devices.
Programs in this area involved a review of the operating methods and layout of our “tsunagoo” DX service for the funeralindustry, and we adopted a new design that is easier to use. We also worked to expand and improve the provision of useful
information to funeral companies, and conducted online seminars.
In terms of income, the larger-than-expected numbers of orders for processing photos of the deceased that occurred in theprevious fiscal year resulted in a continuing high operating rate at the image processing operation center during the peak season.
For this reason, we actively added personnel, resulting in higher personnel expenses. In addition, the rising purchase prices ofsupplies also contributed to reducing the gross profit margin on products. However the effects of growing sales resulted in an
increase in segment income.
As a result, sales were 3,152,168 thousand yen (113.7% year-on-year), and segment income was 751,673 thousand yen(105.4% year-on-year).
(Photo book business)
This business operates AsukaBook for the professional photography market, and MyBook for the general consumer market.
We are also engaged in OEM supply of photo albums and photo prints based on photos that were taken with smartphones.
In the professional photographers market in Japan, as our primary product of wedding photo albums recovered from thecoronavirus pandemic, the number of weddings held increased, and sales also recovered. There was strong growth in sales ofphoto albums for family photos, photos of children, and other studio photography, which were boosted by the introduction of
new products. In addition to strengthening the GLAMPiC data delivery service, we also simultaneously held three photo awards,
including A Baby Photo Award, to commemorate the 20th anniversary of AsukaBook.
In the general consumer market in Japan, while the effects of the coronavirus pandemic are gradually receding, the return tooverseas travel has been slow, and there continue to be reduced opportunities for taking photographs as a result of mask-wearing
becoming normalized, and these conditions inevitably reduced sales for both our own brand “My Book” and for OEM supply.
Under these difficult conditions, we took steps such as conducting a variety of campaigns and introducing new products. We
also released “My Book New Year Greeting” as a new service.
In terms of income, although there were increases in costs due to higher material costs, personnel expenses, and rising prices
of utilities, segment income increased as a result of efficient operation of our production system and a recovery in the operatingrate.
As a result, sales were 3,640,854 thousand yen (106.8% year-on-year), and segment income was 772,112 thousand yen(119.9% year-on-year).

(Aerial display business)
This business is aiming to create a market through new image and video expressions utilizing aerial imaging technologies.
We are developing, manufacturing, and selling both glass and plastic “ASKA3D plates” that utilize our original technologies toproject images in mid-air.
In the area of marketing, we are carrying out sales centered on our Marketing Division in Japan, and centered on our agents
overseas. In Japan and overseas, we expanded our record of successful installations at locations including Shuri Castle
Information Center, local governments, and amusement facilities and a hospital facility in Turkey. However, some large signage
orders from the Middle East were not received due to problems with the installation environment. In January of this year, we
exhibited jointly with our North American agent at CES2023, one of the largest IT exhibitions in the world. The near futuristic
feel and entertainment possibilities of aerial displays using ASKA3D plates were highly rated by the visitors We also rolled out
new promotion movies.
In production and development areas, we are working to stabilize production and increase sizes through outside productionof both glass and plastic plates, and we have achieved results. At our technical development center, we are focusing ourdevelopment themes on production of medium-sized glass plates, and are working to resolve production issues to sell prototype
products.
In terms of sales, due to sales of the dies necessary for sale and manufacture of glass ASKA3D plates used primarily forsignage purposes, sales were higher than the previous fiscal year.
In terms of profit and loss, although there was an increase in advertising expenses due to the larger number of exhibitions
both in Japan and overseas, and an increase in travel expenses due to sales activities, segment loss was smaller than the previous
fiscal year as a result of controlling R&D costs by focusing R&D on key areas.
As a result, sales were 189,303 thousand yen (127.8% year-on-year), and segment loss was 300,889 thousand yen (compared
to a loss of 352,037 thousand yen in the same period of the previous fiscal year).
As results of the above, sales were 6,976,226 thousand yen (110.2% compared to the same period of the previous fiscal year).
In terms of income, the increase in segment income in the funeral business and the photo book business resulted in ordinary
income of 618,028 thousand yen (136.5% compared to the same period of the previous fiscal year) and net income was 482,498
thousand yen (145.0% compared to the same period of the previous fiscal year).

(2) Overview of the Financial Status during this Fiscal Year
(Overall situation)
Total assets at the end of this fiscal year increased by 238,624 thousand yen to reach 7,134,859 thousand yen. This increase
was primarily due to an increase in cash and deposits of 49,848 thousand yen, an increase in accounts receivable of 50,024
thousand yen, and an increase in inventory of 194,292 thousand yen. The equity ratio also decreased by 0.4 points from the endof the previous fiscal year to reach 86.9%.
(Current assets)
Current assets at the end of this fiscal year increased by 312,084 thousand yen from the end of the previous fiscal year toreach 3,745,622 thousand yen. This increase was primarily due to an increase in cash and deposits of 49,848 thousand yen, an
increase in accounts receivable of 50,024 thousand yen, and an increase in inventory of 194,292 thousand yen.
(Fixed assets)
Fixed assets at the end of this fiscal year decreased by 73,460 thousand yen to reach 3,389,237 thousand yen. This decrease
was primarily due to a decrease in buildings of 33,581 thousand yen and a decrease in machine and equipment of 107,467
thousand yen. This decrease occurred despite an increase in investment securities of 46,972 thousand yen.
(Current liabilities)
Current liabilities at the end of this fiscal year increased by 57,749 thousand yen from the end of the previous fiscal year toreach 922,337 thousand yen. This increase was primarily due to an increase in bonus allowance of 32,180 thousand yen.
(Fixed liabilities)
Fixed liabilities at the end of this fiscal year decreased by 1,437 thousand yen from the end of the previous fiscal year to reach
9,424 thousand yen.

(Net assets)
Net assets at the end of this fiscal year increased by 182,311 thousand yen from the end of the previous fiscal year to reach
6,203,097 thousand yen. This increase was primarily due to an increase in retained earnings of 364,854 thousand yen, despite anincrease in treasury stock of 189,465 thousand yen.

(3) Overview of cash flows in this fiscal year
Cash and cash equivalents (hereafter referred to as “Funds”) at the end of this fiscal year increased by 49,848 thousand yen
from the end of the previous fiscal year to reach 2,044,027 thousand yen mainly due to an increase in net income.
(Cash flows from operating activities)
Net Funds acquired as a result of operating activities during this fiscal year were 695,453 thousand yen (compared to 827,132
thousand yen acquired during the previous fiscal year). The primary factors affecting this result were pre-tax net income of
617,815 thousand yen and depreciation expenses of 417,492 thousand yen.
(Cash flows from investing activities)
Net Funds expended as a result of investment activities during this fiscal year were 331,554 thousand yen (compared to 91,260
thousand yen expended during the previous fiscal year). This was primarily due to the acquisition of 246,150 thousand yen in
investment securities, the acquisition of 181,682 thousand yen in tangible assets, and the acquisition of 97,608 thousand yen in
intangible assets, while there was also a return on investment securities of 200,000 thousand yen.
(Cash flows from financing activities)
Net Funds expended as a result of financing activities during this fiscal year were 315,639 thousand yen (compared to 157,761
thousand yen expended during the previous fiscal year). This was primarily due to a dividend payment of 117,780 thousand yen
in dividends and payment of 196,421 thousand yen for acquisition of treasury stock.

(4) Future Outlook
Information about the future outlook and about the risks associated with the coronavirus pandemic is provided below.
Regarding the economic outlook for the coming fiscal year, the effects of the coronavirus pandemic are fading and there are signs
that economic activity in general is returning to normal. However uncertainty resulting from the situation in Ukraine and otherfactors is growing, and unstable conditions are expected in which there is a clear division between the sectors which experiencea steady recovery and the sectors where recovery is markedly slower.
Our company is operating a business that is consistent with the current times in which services are customized to meet
individual needs even for minimum lot sizes, and aims to capture stable demand. We have constructed strong business models inboth the funeral business and photo book business, and despite the effects of the coronavirus pandemic, we are experiencing an
ongoing recovery in sales. In the aerial display business where we are challenging ourselves and working to create a new market,
more time has been required to achieve profitability than we initially expected. However there has been strong interest in the useof aerial imaging operations, and we will make use of this opportunity to expand this business. We will also continue to challenge
ourselves in the development of new business and services.
The coronavirus pandemic has had a large effect on society, and there is the possibility that customer needs in our areas ofbusiness may undergo large permanent changes. We recognize that it is important to develop products and services that can
respond quickly to such changes in customer needs.
The following constitute the basis for the expected effects of the coronavirus pandemic on each business area and the results
forecast for the fiscal year ending April 30, 2024.
In the funeral business, funerals tend to be smaller in size especially due to coronavirus pandemic and sales of funeralproduction tools and related products have declined. We are anticipating that funeral market will be weak and slow in recovery.
Though the number of funerals taking place during these two years have increased, a reactionary fall will occur during the fiscal
year ending April 30, 2024. In the photo book business, orders for the wedding albums that are our main product in the professional
photographer market seem to have started recovering. The environment in the consumer market will be negative with fewer
opportunities for photography as people refrain from traveling overseas and continue to wear masks. In the aerial display business,
although our marketing activities were restricted, particularly business activities by overseas agents, we will become active again
starting from the fiscal year ending April 30, 2024.

Based on these difficult conditions, we will be taking the following actions in each business area.
In the funeral business, we will prominently promote the superiority that comes from our strength in image processing
technologies and the application of focus correction tools utilizing the latest technologies in order to develop new customers andincrease unit prices for existing customers. At the same time, as a result of the overload on the operations center that is responsiblefor image processing, we will increase the number of personnel. We will also expand the dedicated sales team to increase clientsand revenue while we make our “tsunagoo” DX service for the funeral industry more attractive.
In the photo book business, we will continue to challenge ourselves in new markets to launch new products and conduct online
seminars for the professional photographer market, aiming to deepen our connections with customers in the studio photo andwedding photo markets. In the consumer market, we will release casual products and expand “My Book New Year Greeting” asa new service.
In the aerial display business, we will work to expand sales in Japan and overseas of both the glass plates intended primarily
for signage applications, and the plastic plates intended for incorporation into products. As restrictions on marketing activities byour overseas agents will be lifted, we will expand our agent support system, and are expecting growth in overseas sales. We will
also exhibit at four events in Japan and overseas, working to further increase recognition and develop new customers. In
production areas, we will work to stabilize production and develop large-size plates for outsourced production of ASKA3D plates.
At our technical development center, we will work to establish bonding technologies and aim for rapid marketing of plates up to
medium size.
In addition, we will conduct collaborations with the start-up businesses that we have invested in, and will focus on the start offull-scale operations in our new project “Kaede Laboratory”.
Based on the above, in the forecast for the year ending April 30, 2024, while we expect sales of each segment to increase, anincrease in operators in the funeral business, higher R&D expenses at the technical development center in the aerial display
business, and increases in material costs etc. need to be taken into account. Therefore, we are forecasting sales of 7,330 million
yen (105.1% compared to the previous year), operating income of 495 million yen (84.6%), ordinary income of 505 million yen(81.7%), and net income of 353 million yen (73.3%).
Although we have incorporated the above assumptions regarding changes and effects on demand resulting from the coronavirus
pandemic, there are many uncertain elements, and any change in these assumed conditions potentially may also affect the business
forecast. The aerial display business and other new business areas also involve technological research and marketing that we havenot engaged in before, and many uncertain elements are involved in their commercialization.
Note: The above forecast was created based on information available at the time this material was released, and actual results may
differ from the forecast values due to a variety of factors.

5. Financial Statements for the Fiscal Year
(1) Balance sheet(Units: 1,000s yen)Previous fiscal year
(Ended April 30, 2022)
Asset
Current assets
Cash and deposits
Notes receivable
Accounts receivable-trade
Merchandise and products
Work in progress
Raw materials and supplies
Pay in advance
Advance payment
OthersAllowance for doubtful accounts
Total current assets

Current fiscal year
(Ended April 30, 2023)

1,999,178―
836,041
304,090
169,02284,42640,156
1,411
2,021(2,810)2,049,027
489
886,065
477,047
185,485
89,298
57,103―
2,899(1,793)

3,433,537

3,745,622

1,483,173(576,543)

1,507,917(634,868)

906,630

873,048

26,606(15,207)26,606(16,116)

Fixed assets
Tangible fixed assets
Building
Accumulated depreciation
Buildings, net
Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, equipment, and fixtures
Accumulated depreciation
Tools, equipment, and fixtures, net

11,39910,4891,852,725(1,330,132)

1,870,803(1,455,679)

522,592

415,124

9,369(2,267)

9,369(4,151)

7,102

5,217

481,776(339,202)

548,132(379,171)

142,574

168,961Land
Construction in progress

844,060
22,691

844,060―

Total tangible fixed assets

2,457,050

2,316,903

6,686
198,404
3,350

3,206
205,750
10,353

Total intangible fixed assets

208,440

219,310Investments and other assets
Investment securities
CapitalLong term advanced payments
Deferred tax assets
Others587,437
10
10,302120,90778,548634,41010
8,089
127,067
83,446797,206

853,023

3,462,698

3,389,237

6,896,235

7,134,859

Intangible fixed assets
Patent application right
Software
OthersTotal investments and other assets
Total fixed assets
Total assets

(Units: 1,000s yen)Previous fiscal year
(Ended April 30, 2022)

Current fiscal year
(Ended April 30, 2023)

Liabilities
Current liabilities
Accounts payable-trade
Accounts payable-otherAccrued expenses
Income taxes payable
Advance payments
Deposits
Provision for bonuses
Others

182,892
197,458
84,215
131,400
12,36026,347
161,620
68,292

187,109
208,545
96,44487,20023,89833,619193,800
91,719Total current liabilities

864,587

922,337

5,351
5,510

5,351
4,072

Fixed liabilities
Provision for retirement benefits
OthersTotal fixed liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Capital reserves
Other capital surplus
Total Capital surplus

10,862

9,424

875,449

931,761

490,300

490,300

606,585
12,971

606,585
17,901

619,556

624,486

Retained earnings
Legal retained earnings
Other retained earnings
Retained earnings

1,693

1,693

5,194,731

5,559,585

Total retained earnings

5,196,424

5,561,278

Treasury stock(298,392)(487,857)

Total shareholders' equity

6,007,889

6,188,207

Valuation difference on available-for-sale securities

12,896

14,890Total valuation and translation adjustments

12,896

14,8906,020,785

6,203,097

6,896,235

7,134,859

Valuation and translation adjustments

Total net assets
Total liabilities and net assets

(2) Profit and loss statement for the fiscal year
(Units:1000s yen)

Net Sales
Sales from service
Product sales
Sales of finished goods
Total sales
Cost of sales
Cost of service
Cost of product sales
Stock of products at beginning of the year
Cost of product sales during year
Total
Transfer to other accounts
Stock of products at year end
Cost of production sales
Cost of goods sales
Stock of goods at beginning of the year
Cost of goods sales during year
Total
Transfer to other accounts
Stock of goods at year end
Cost of goods sales
Total cost of sales
Gross profit
Selling, general, and administrative expenses
Operating income
Non-operating income
Interest received
Interest from invested securities
Dividends received
Commissions received
Exchange gain
Grant income
OthersTotal non-operating income
Non-operating expenses
Operating expense for investment partnership
Acquisition cost for treasury stocks
Total non-operating expenses
Ordinary income
Extraordinary income
Profit from sales of fixed asset
Total extraordinary income
Extraordinary losses
Loss on sales of fixed assets
Loss on retirement of fixed assets
Total extraordinary losses
Net income before taxes
Current income taxes etc.
Income tax adjustment
Income taxes
Net income

Previous fiscal year
(May 1, 2021-April 30, 2022)

Current fiscal year
(May 1, 2022-April 30, 2023)

1,883,658
3,570,511
877,161
6,331,332

2,071,040
3,835,068
1,070,116
6,976,226

938,723

1,083,539

143,020
1,888,085
2,031,106
19,305
235,893
1,775,907

235,893
2,055,425
2,291,318
20,624
393,016
1,877,677

77,008614,212691,220
21,833
68,197
601,189
3,315,820
3,015,511
2,575,552
439,959

68,197
779,689
847,887
24,63084,031
739,2253,700,442
3,275,784
2,690,424
585,359

83
487
1,200
312
8,383
―
2,406
12,873

496
2,526
1,275
312
1,951
20,5997,337
34,499―116
116
452,715

1,243
587
1,830
618,028

352
352

―
―

708
316
1,024
452,043
143,070(23,837)
119,232
332,810―213
213
617,815
141,714(6,397)
135,316
482,498

(3) Statement of cash flows(Units: 1,000s yen)Previous fiscal year
(May 1, 2021-April 30, 2022)

Current fiscal year
(May 1, 2022-April 30, 2023)

452,043
468,455(29)
7,970(1,283)(487)(5,979)
―
―
355
316

617,815
417,492(197)
32,180(1,771)(2,526)(1,590)1,243(20,599)―
213

Cash flows resulting from operating activities
Net income before taxes
Depreciation expenses
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Interest and dividends received
Interest from invested securities
Foreign exchange losses (gains)
Revenue from investment partnership (gains)
Grant income
Profit on sales of fixed asset
Loss on disposal of fixed assets
Decrease (increase) in notes and accounts receivabletrade
Decrease (increase) in inventory assets(61,559)(51,416)(150,940)(194,292)

Increase (decrease) in accounts payable-trade
Increase (decrease) in accrued consumption taxes
Others19,54930,52958,655

4,217
23,42631,311

Subtotal

817,596855,506

2,173
―
7,361

3,877
20,599(184,530)

827,132

695,453

Cash flows due to investing activities
Purchase of property, plant, and equipment
Sales of tangible fixed assets
Purchase of intangible fixed assets
Purchase of investment securities
Revenue from redemption of invested securities
Withdrawal of loans
Collection of loans receivable(370,085)
1,283(65,510)(47,492)
―
(882)
292

(181,682)―(97,608)(246,150)
200,000―
295

Payments into time deposits
Proceeds from withdrawal of time deposits
Others(5,000)405,000(8,864)(5,000)5,000(6,408)Cash flows due to investing activities(91,260)(331,554)

Interest and dividends received
Subsidy received
Income taxes paid
Cash flows due to operating activities

Cash flows due to financing activities
Cash dividends paid

(118,502)(117,780)

Purchase of treasury stock
Others(39,019)(239)(196,421)(1,437)

Cash flows due to financing activities(157,761)(315,639)

Effect of exchange rate on cash and cash equivalents

5,979

1,590

Net increase (decrease) in cash and cash equivalents

584,089

49,848

Balance of cash and cash equivalents at beginning of year

1,410,088

1,994,178

Balance of cash and cash equivalents at end of year

1,994,178

2,044,027

(4) Notes Regarding the Financial Statements(Segment information etc.)
Information related to the amounts of sales, income or loss, assets, liabilities, and other items for each reporting segment.
Previous fiscal year (May 1, 2021 – April 30, 2022)(Units: 1,000s yen)
Reporting segment
Adjustments

Amountrecorded in
profit and loss
statement

Funeral businessPhoto bookbusiness

Aerialdisplay business

2,773,460

3,410,229

147,6426,331,332―

6,331,332

―

―

474

474

(474)

―

2,773,460

3,410,229

148,116

6,331,806(474)

6,331,332

713,054644,083(352,037)

1,005,100(565,141)

439,959

36,534

311,968

92,680441,183

27,272

468,455

Total

Sales
Sales to outside
customers
Inter-segment internalsales and transfers
Total
Segment income (loss)
Other items
Depreciation

Current fiscal year (May 1, 2022 – April 30, 2023)(Units: 1,000s yen)
Reporting segment
Adjustments

Amountrecorded in
profit and loss
statement

Funeral businessPhoto bookbusiness

Aerialdisplay business

3,152,168

3,634,755

189,3036,976,226―

6,976,226

―

6,099

―

6,099

(6,099)―3,152,168

3,640,854

189,303

6,982,326(6,099)6,976,226

751,673

772,112(300,889)

1,222,897(637,537)

585,359

40,644292,970

55,166

388,781

28,710417,492

Total

Sales
Sales to outside
customers
Inter-segment internalsales and transfers
Total
Segment income (loss)
Other items
Depreciation

This is the summarized translation of released report for your reference.
Please refer to the original Japanese financial document.