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, 2024
[Japanese GAAP]
October 31, 2023
Company name: INFOCOM CORPORATION
Stock exchange listing: Tokyo
Code number: 4348
URL: https://www.infocom.co.jp/
Representative: Jun Kuroda
President and CEO
Contact: Hiroshi Imafuku
Head of Corporate Communications Office
Phone: +81-3-6866-3160
Scheduled date of filing quarterly securities report: November 10, 2023
Scheduled date of commencing dividend payments: November 30, 2023
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, 2023 (April 1, 2023 to September 30, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Six months ended
September 30, 2023
40,050
21.2
4,177
12.6
4,234
11.9
2,824
65.3
September 30, 2022
33,0351.8
3,710(25.8)
3,785(25.1)
1,708(50.4)(Note) Comprehensive income:Six months ended September 30, 2023:¥2,863 million [92.6%]
Six months ended September 30, 2022:¥1,487 million [(52.0) %]Basic earnings
per share
Six months endedSeptember 30, 2023
September 30, 2022

Diluted earnings pershare
Yen

Yen

51.51
31.18

51.30
31.05

(2) Consolidated Financial Position
Total assets
As ofSeptember 30, 2023
63,224
March 31, 2023
60,287(Reference) Equity: As of September 30, 2023:
As of March 31, 2023:

Millions of yen

Net assets

Capital adequacy ratio

Millions of yen¥¥―1―46,477
45,194
46,122 million
44,816 million

%73.0
74.3

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023

-

18.00

-

32.00

50.00

Fiscal year ending March 31, 2024

-

18.00
-

27.00

45.00

Fiscal year ending March 31, 2024
(Forecast)Year-endTotal(Note) Revision to the forecast for dividends announced most recently:
No(Note)Breakdown of the year-end dividend for the fiscal year ended March 31, 2023:
Commemorative dividend
5.00 yen
Special dividend- yen
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024(April 1, 2023 to March 31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share
Millions of yen% Millions of yen% Millions of yen

Full year
82,50017.3
10,00017.3(Note) Revision to the financial results forecast announced most recently:

10,000No% Millions of yen

16.3

6,700%Yen

87.6

122.28* Notes:(1) Changes in significant subsidiaries during the six months ended September 30, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):
No(Company name:
NewExclusion:(Company name:(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: No
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, 2023:
57,600,000 sharesMarch 31, 2023:
57,600,000 shares
2) Number of treasury shares at the end of the period:
September 30, 2023:
2,725,882 shares
March 31, 2023:
2,809,562 shares
3) Average number of shares outstanding during the period:
Six months ended September 30, 2023:
Six months ended September 30, 2022:

54,825,532 shares
54,783,076 shares―2―))
NoQuarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023

As of September 30, 2023

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

35,57535,781

11,757

11,212

83
1,695

186
2,230

(0)

(3)

49,11149,407

1,140

1,410

2,198
419

2,435
1,053

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

33

858

Total intangible assets

2,650

4,347

Investments and other assets
Investments and other assets

7,386

8,060

(1)

(1)

Allowance for doubtful accounts
Total investments and other assets

7,385

8,058

11,176

13,81760,28763,224Accounts payable - trade
Income taxes payable

5,212
1,437

5,768
1,409

Provision for bonuses
Other provisions

1,302
23

1,083
25

Total non-current assets
Total assets
Liabilities
Current liabilities

Other

6,642

7,648

Total current liabilities

14,61915,935

Non-current liabilities
Retirement benefit liability

67

76

Other provisions
Other

52
353

52
681

Total non-current liabilities

474

811

15,093

16,746

Shareholders' equity
Share capital

1,590

1,590

Capital surplus
Retained earnings

1,485
41,961

1,642
43,032

Treasury shares(790)(766)

44,24645,497

390

290

178

334

569

625

213

206

Total liabilities
Net assets

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―3―

(Millions of yen)
As of March 31, 2023
Non-controlling interests
Total net assets
Total liabilities and net assets―4―

As of September 30, 2023
164

148

45,194

46,47760,28763,224

Quarterly Consolidated Statements of Income and Comprehensive IncomeQuarterly Consolidated Statements of Income (For the six months)(Millions of yen)
For the six months
ended September 30, 2022

For the six months
ended September 30, 2023

Net sales
Cost of sales

33,035
17,55740,05021,311Gross profit

15,477

18,739Selling, general and administrative expenses

11,767

14,562

Operating profit

3,710

4,177

Non-operating income
Interest and dividend income

85

45Partnership gain
Other4

6
9

Total non-operating income

89

61

112
92-

Other00

Total non-operating expenses

134

3,785

4,234-

28-28719
224

Loss on valuation of investment securities

118

21

Total extraordinary losses

840

46

Profit before income taxes

2,945

4,217

Income taxes

1,238

1,411

Profit1,707

2,805(0)

(18)

1,708

2,824

Non-operating expenses
Interest expenses
Foreign exchange losses
Partnership loss

Ordinary profit
Extraordinary income
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Impairment losses
Loss on retirement of non-current assets

Loss attributable to non-controlling interests
Profit attributable to owners of parent―5―Quarterly Consolidated Statements of Comprehensive Income (For the six months)(Millions of yen)
For the six months
ended September 30, 2022
ProfitOther comprehensive income

For the six months
ended September 30, 2023

1,707

2,805(483)0(99)-Foreign currency translation adjustment

262

158

Total other comprehensive income

(220)

58

Comprehensive income

1,487

2,863

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

1,485

2,879

1(16)

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges―6―Quarterly Consolidated Statements of Cash Flows(Millions of yen)
For the six months
ended September 30, 2022

For the six months
ended September 30, 2023

Cash flows from operating activities
Profit before income taxes

2,945

4,217

Depreciation
Share-based payment expenses

491
17571
24

Impairment losses
Amortization of goodwill

719
81

41

Increase (decrease) in provisions
Interest and dividend income

(269)
(85)

(210)
(45)

12

124118(28)
21

1,084

1,041

Interest expenses
Loss on retirement of non-current assets
Loss (gain) on sale of investment securities
Loss (gain) on valuation of investment securities
Decrease (increase) in trade receivables and contract
assetsDecrease (increase) in inventories

(56)

(52)

693
316

446
294

6,060

6,346

79
(1)

42(1)

Income taxes paid
Income taxes refund(2,051)221(2,052)265

Net cash provided by (used in) operating activities

4,308

4,600

Purchase of property, plant and equipment
Purchase of intangible assets

(66)
(515)

(231)
(593)

Purchase of investment securities
Proceeds from sale of investment securities(499)-(514)
28

Payments of guarantee deposits
Proceeds from refund of guarantee deposits
Purchase of shares of subsidiaries resulting in change
in scope of consolidation
Other, net

(25)
745

(94)
1-(1,331)(23)

2

Net cash provided by (used in) investing activities(385)(2,731)

Increase (decrease) in trade payables
Other, net
SubtotalInterest and dividends received
Interest paid

Cash flows from investing activities

Cash flows from financing activities
Repayments of lease liabilities

(13)

(8)

(2,026)(19)(1,753)(14)

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(2,060)(1,775)7563

1,939156

Cash and cash equivalents at beginning of period

31,70035,575

Cash and cash equivalents at end of period

33,64035,732

Dividends paid
Other, net―7―