Morningstar Japan K.K
Quarterly Consolidated Financial Results (Japanese Accounting Standards)
for the Third Quarter (Nine Months) ended December 31, 2022
(of the Fiscal Year ending March 31, 2023)
January 27, 2023
Company nameMorningstar Japan K.K

Stock code

4765

Representative

Stock exchange listing :URL https://www.morningstar.co.jp

TEL

Tokyo Stock Exchange+81 3 6229-0810（Title） Representative director and President （Name）Tomoya Asakura

Person responsible for disclosure （Title） Chief financial officer（Name）Kazuhisa Ogawa

February 8, 2023

Scheduled date of filing of quarterly securities report:ーScheduled date of commencement dividend:

Supplementary documents for quarterly financial result: None
Quarterly Financial results brieﬁng ： Yes (for analysts and institutional investors)
The video of the briefing will be posted promptly to our web site
(Amounts of less than one million yen are rounded down)

1.

Quarterly Consolidated Financial Results for the Third Quarter (Nine Months) ended December 31, 2022
(April 1, 2022〜December 31, 2022)(1) Consolidated Results of Operations(Percentages show year-on-year changes.)Net sales

Operating income

Net income attributable

Ordinary income

to owners of parent

Third Quarter ended

Million yen％

Million yen％

Million yen％

Million yen％

December 31, 2022

6,526

8.9

1,517

0.2

1,799

2.9

1,091

4.6

5,993

9.4

1,513

17.8

1,749

10.8

1,043

6.0

December 31, 2021

(Note) Comprehensive income

Third Quarter ended December 31, 2022

1,319 Million yen（ △ 20.4 ％ ）Third Quarter ended December 31, 2021

1,658 Million yen（Net income per share

Net income per share(basic)(diluted)

Third Quarter endedyen

December 31, 2022

12.18ー

December 31, 2021

11.64ー

47.0 ％ ）yen

Diluted net income per share are not stated because there are no dilutive potential outstanding shares.

(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Million yen％

yen

14,131

12,04581.2

128.03

14,055

12,27384.0

131.64

Third Quarter ended
December 31, 2022
Fiscal Year ended
March 31, 2022

(Reference) Shareholdersʼ equity Third Quarter ended December 31, 2022

11,480 Million yen

Fiscal Year ended March 31, 2022
2.

Net assets per share

Million yen11,804 Million yen

Dividends
Dividend per share

Fiscal Year ended
March 31, 2022
Fiscal Year ending
March 31, 2023

End of first quarterEnd of second quarterEnd of third quarter

yen

yen

yen

−

8.00

−

−

8.25

−

Year-end

Ｔｏｔａｌ
yen

yen

9.00

17.00

12.75

12.75

Fiscal Year ending
March 31, 2023
(Forecast)(Note)

Corrections from the most recently announced dividend forecast: Yes−

3. Forecast of Consolidated Financial Results for the Fiscal Year ending March 31, 2023 ( April 1, 2022 to March 31, 2023)(Percentages show year-on-year changes.)

Net sales
Fiscal Year ending March31, 2023

Operating income

Net income attributable toOrdinary income

Net income per shareowners of parent

Million yen%

Million yen%

Million yen%

Million yen%

yen

9,000

10.8

2,150

0.9

2,500

4.0

5,700

292.0

63.56

(Note) Existence of revision from the most recently announced earnings forecast: Yes(Note) Please refer to the “Earnings Forecast for the Fiscal Year Ending March 31, 2023: Significant Increase in Net Income Attributable to Parent
Company Shareholders, Extraordinary Income, and Extraordinary Loss” announced today (January 27, 2023) for the revision of the consolidated
earnings forecast.

※ Notes(1) Significant changes in subsidiaries during Third Quarter ended December 31, 2022
(changes in speciﬁed subsidiaries aﬀecting the scope of consolidation)：New:

1

Excluded: 3(Company name）

Yes(Company name）

Shinsei Investment Management

SBI Bond Investment Management Co., Ltd.,Co.,Ltd.

SBI Regional Revitalization Asset Management Co., Ltd.

SBI Asset Management Group, Inc.
(2) Application of special accounting for preparing quarterly consolidated financial statements:

None(3) Changes in accounting policies and estimates, and retrospective restatements：① Changes in accounting policies in accordance with revision of accounting standards:

Yes② Changes in accounting policies other than item ① above:None③ Changes in accounting estimates:

None④ Retrospective restatements:

None(4) Number of shares issued (common stock)① Number of shares outstanding at end of period (including treasury stocks)
As of December 31, 2022

89,673,600 shares As of March 31, 2022

89,673,600 shares② Number of treasury stocks at end of period
170 shares As of March 31, 2022

As of December 31, 2022

170 shares③ Average number of shares during period
Third Quarter ended December 31, 2022

89,673,430 shares Third Quarter ended December 31, 2021

89,673,430 shares※ This quarterly ﬁnancial summary is outside to quarterly review by certiﬁed public accountant or audit Firm.
※ Explanation regarding the appropriate use of ﬁnancial forecasts and other special items(How to obtain the financial results briefing)A brieﬁng of ﬁnancial results for analysts is scheduled to be held on January 27, 2023

and a video of the brieﬁng will be posted promptly to our2． Quarterly Consolidated Financial Statements（1） Quarterly Consolidated Balance Sheet
Fiscal Year ended

Third Quarter ended

March 31, 2022

December 31, 2022

(Thousand yen)

ASSETS
Current assets
Cash and cash equivalents
Accounts receivable
Inventories
Other current assets
Total current assets
Non-current assets
Tangible fixed assets
Leasehold improvement : net
Furniture, fixtures and equipment : net
Lease Equipment under Capital
Total Tangible fixed assets
Intangible fixed assets
GoodwillSoftware
Other Intangible assets
Total Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other Investments and other assets
Total Investments and other assets
Total noncurrent assets
Deferred Assets
Stock issuance cost
Total deferred Assets
TOTAL ASSETS(All the figures less than 1,000 are rounded down)(Thousand yen)

5,176,612
1,611,378
1,263 ※1
814,825
7,604,080

2,416,420
2,131,731
1,158 ※1
392,110
4,941,421

51,929 ※2
28,932 ※2
69,089149,951

65,963 ※2
33,621 ※2
289,569
389,154

1,786,713
1,076,849
282,050
3,145,612

1,971,4251,180,090
55,233
3,206,749

2,624,582
345,615
166,511
3,136,709
6,432,274

4,983,441
384,946
214,925
5,583,313
9,179,217

19,00319,003

11,191
11,191

14,055,358

14,131,830

Fiscal Year ended

Third Quarter ended

March 31, 2022

December 31, 2022

(Thousand yen)(Thousand yen)

62,618748,528
69,089464,822
90,498346,255
1,781,813
1,781,813

47,034
954,742
289,569
220,714
48,615525,3422,086,018
2,086,018

3,363,635
4,478,772
4,439,392△ 29
12,281,770

3,363,635
4,503,031
3,984,472△ 29
11,851,108

Non-controlling shareholders' equity△ 513,787
36,309△ 477,478
469,252△ 770,258
399,762△ 370,495
565,198

TOTAL NET ASSETS

12,273,545

12,045,811

TOTAL LIABILITIES AND NET ASSETS

14,055,358

14,131,830

LIABILITIESCurrent liabilities
Accounts payable-trade
Accounts payable-other
Lease payable
Income taxes payable
Consumption taxes payable
Other current liabilities
Total current liabilities
TOTAL LIABILITIESNET ASSETS
Shareholders' equity
Common stock
Capital surplus
Retained earnings
Treasury stocks
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on other securities
Foreign currency translation adjustments
Total accumulated other comprehensive income(All the figures less than 1,000 are rounded down)（2） Quarterly Consolidated Statement of income

Sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Gain on sale of investment securities
Other non-operating income
Non-operating expenses
Foreign exchange losses
Amortization of stock issuance cost
Other non-operating expenses
Ordinary income
Extraordinary loss
Loss on sale of investment securities
Office transfer expenses
Loss on valuation of crypto assets
Income before income taxes
Income taxes-current

Third Quarter
From April 1, 2021

Third Quarter
From April 1, 2022

To December 31, 2021

To December 31, 2022

(Thousand yen)(Thousand yen)

5,993,736
2,750,243
3,243,493※1 1,729,823
1,513,669

6,526,688
3,054,325
3,472,362※1 1,955,232
1,517,129

157,207
59,551
26,918
7,492
7,300
6,674
1,527

251,169

15,501
1,749,337※2 4,035－－

4,035
1,745,302

496,380378
7,812
10,175

974
9,290
5,924

504,21396,3771,241,088

Net income Attributable To Non Controlling Interests
Net income attributable to owners of parent

301,108

18,366
1,799,872

16,1891,783,682

477,593

7,833

Income taxes-deferred
Net income

115,882
162,319
18,494
4,411

573,970
1,209,711

197,330

117,765

1,043,757

1,091,945(All the figures less than 1,000 are rounded down)

Quarterly Consolidated Statement of Comprehensive income
Third Quarter

From April 1, 2021
To December 31, 2021

Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustments

413,072
4,042

Comprehensive income

Third Quarter
From April 1, 2022
To December 31, 2022

(Thousand yen)(Thousand yen)

1,241,088

1,209,711

417,115△ 253,949
363,453

109,503

1,658,203

1,319,215

1,427,051

1,198,928

231,151

120,286(Breakdown)Comprehensive income attributable to owners of the parent
Comprehensive income attributable to Non Controlling(All the figures less than 1,000 are rounded down)Interests