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, 2024
[Japanese GAAP]
July 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: August 9, 2023
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, 2023 (April 1, 2023 to June 30, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profitOrdinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Three months ended
June 30, 2023
18,821
21.5
1,815
16.6
1,861
15.6
1,232
15.1
June 30, 2022
15,490(2.4)
1,557(27.8)
1,609(26.5)
1,070(29.3)(Note) Comprehensive income:Three months ended June 30, 2023:¥
1,355 million [145.7%]
Three months ended June 30, 2022:¥
551 million [(53.9) %]Basic earnings
per share
Three months ended
June 30, 2023
June 30, 2022

Diluted earnings pershareYen

Yen

22.49
19.54

22.40
19.46

(2) Consolidated Financial Position
Total assets
As ofJune 30, 2023
March 31, 2023
(Reference) Equity:

Millions of yen

Net assets
Millions of yen

61,15260,287
As of June 30, 2023:
As of March 31, 2023:

Capital adequacy ratio

¥
¥

―1―

44,79645,19444,436 million
44,816 million

%

72.7
74.3

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023

-18.00-32.0050.00

Fiscal year ending March 31, 2024

18.00

-27.0045.00

Fiscal year ending March 31, 2024
(Forecast)Year-end

Total(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
Basic earnings
Net sales
Operating profit
Ordinary profitto owners ofper shareparentMillions of yen% Millions of yen% Millions of yen

Six months ending
39,000
18.1
4,200
13.2
September 30, 2023
Full year
82,50017.3
10,00017.3(Note) Revision to the financial results forecast announced most recently:

%Yen

4,200

10.9

2,800

63.9

51.10

10,000
Yes

16.3

6,700

87.6

122.28* Notes:(1) Changes in significant subsidiaries during the three months ended June 30, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):
New(Company name:(Company name:
Exclusion:-% Millions of yenNo(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):
June 30, 2023:
57,600,000 shares
March 31, 2023:
57,600,000 shares
2) Number of treasury shares at the end of the period:
June 30, 2023:
2,808,062 shares
March 31, 2023:
2,809,562 shares
3) Average number of shares outstanding during the period:
Three months ended June 30, 2023:
Three months ended June 30, 2022:

54,791,188 shares
54,781,714 shares―2―))
NoQuarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023

As of June 30, 2023

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

35,57534,655

11,757

10,059

83
1,695

301
2,524(0)(3)

49,11147,536

1,140

1,218

2,198
419

2,339
1,046

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

33882

Total intangible assets

2,650

4,268

Investments and other assets
Investments and other assets

7,386

8,130

(1)

(1)

Allowance for doubtful accounts
Total investments and other assets

7,385

8,128

11,176

13,61560,287

61,152

Accounts payable - trade
Income taxes payable

5,212
1,437

5,597
701

Provision for bonuses
Other provisions

1,302
23

547
24

Total non-current assets
Total assets
Liabilities
Current liabilities

Other

6,642

8,605

Total current liabilities

14,61915,475

Non-current liabilities
Retirement benefit liability

67

79

Other provisions
Other

52
353

52
747

Total non-current liabilities

474

879

15,093

16,355

Shareholders' equity
Share capital

1,590

1,590

Capital surplus
Retained earnings

1,485
41,961

1,487
41,440Treasury shares

(790)

(789)

44,24643,727

390

485

178

223

569

708

213

212

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 June 30, 2023
164

148

45,194

44,79660,287

61,152

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

For the three months
ended June 30, 2023

Net sales
Cost of sales

15,4908,326

18,821
10,169Gross profit

7,164

8,651

Selling, general and administrative expenses

5,606

6,835

Operating profit

1,557

1,815

Non-operating income
Interest and dividend income

3943

Partnership gain
Other

1332
1

Total non-operating income

5547

Non-operating expenses
Interest expenses

00

Foreign exchange losses
Other30

10Total non-operating expenses

32

1,609

1,861

01

Ordinary profit
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―01

1,609

1,859

542

643

1,066

1,216

(3)

(15)

1,070

1,232

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Millions of yen)
For the three months
ended June 30, 2022
ProfitOther comprehensive incomeFor the three months
ended June 30, 2023
1,0661,216

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

(619)
104

94
44

Total other comprehensive income

(515)

138

Comprehensive income

551

1,355

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

556

1,371

(5)

(16)

―6―

Quarterly Consolidated Statements of Cash Flows(Millions of yen)
For the three months
ended June 30, 2022

For the three months
ended June 30, 2023

Cash flows from operating activities
Profit before income taxes

1,6091,859

Depreciation
Share-based payment expenses

255
8269
9

Amortization of goodwill
Increase (decrease) in provisions

40(797)14(742)

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

(39)
0(43)
0

1,790

2,199(84)

(167)

181
1,202

275
959

Other, net

341

159

Subtotal

4,509

4,794

36

41

Interest paid
Income taxes paid

(0)
(2,049)(0)(1,978)Net cash provided by (used in) operating activities

2,495

2,857

Purchase of property, plant and equipment
Purchase of intangible assets

(30)
(251)

(28)
(146)

Purchase of investment securities
Payments of guarantee deposits

(24)

(510)
(86)

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

744

0-

(1,331)(1)(1)

Net cash provided by (used in) investing activities436(2,104)(7)(2,026)(6)(1,753)(9)(8)

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(2,044)(1,767)

34

21922

(993)

Cash and cash equivalents at beginning of period

31,70035,575

Cash and cash equivalents at end of period

32,62334,581

Increase (decrease) in trade payables
Increase (decrease) in deposits received

Interest and dividends received

Cash flows from investing activities

Cash flows from financing activities
Repayments of lease liabilities
Dividends paid
Other, net―7―