(This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this document and the Japanese original, the latter shall prevail.)
Summary of Consolidated Financial Results for the Fiscal Year ended March 31, 2023 (Japanese GAAP)May 12, 2023
Company name: Digital Media Professionals Inc.
Listing: Tokyo Stock Exchange
Code number: 3652
URL: https://www.dmprof.com/en
Representative: Tatsuo Yamamoto, Chairman, President and CEO
Contact person: Tsuyoshi Osawa, Senior Managing Director,General Manager of Corporate Planning Dept.
Scheduled date of General Meeting of Shareholders: June 27, 2023
Scheduled date of filing Securities Report: June 27, 2023
Scheduled date of payment of cash dividends: Supplementary materials for the financial results: No
Briefing session on the financial results: Yes (for institutional investors and analysts)

Tel. (03) 6454 - 0450

(Round down to the nearest million yen)
1. Consolidated financial results for the fiscal year ended March 31, 2023 (April 1, 2022 through March 31, 2023)(1) Consolidated operating results(Percentages indicate year-on-year changes)
Net income attributable toowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Fiscal year ended March 31, 2023
2,322
39.2
27
28
22
－
－
－
Fiscal year ended March 31, 2022
1,667
65.2
-126
－
-122
－
-157
－
Reference) Comprehensive income: 28 million yen (-%) as of March 31, 2023; -154 million yen (-%) as of March 31, 2022
Net sales

Operating income

Ordinary income

Net income per shareReturn on
Return on
equityassetsdilutedyen
yen%%
Fiscal year ended March 31, 2023
7.17
0.7
0.8
－
Fiscal year ended March 31, 2022
-49.93－-5.0-3.5
Reference) Equity in earnings (losses) of affiliates: - million yen as of March 31, 2022; - million yen as of March 31, 2021
Net income per share

Operatingmargin%1.2-7.6(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Equity ratio

Millions of yen

As of March 31, 2023
3,842
3,124
As of March 31, 2022
3,472
3,095
Reference) Shareholders' equity: 3,124 million yen as of March 31, 2023; 3,095 million yen as of March 31, 2022

%
81.3
89.2

Net assets per shareYen
993.30983.23(3) Consolidated cash flows
Cash flows from operating
activities
Fiscal year ended March 31, 2023
Fiscal year ended March 31, 2022

Cash flows frominvesting activities

Cash flows from financing Cash and cash equivalents at
end of period
activities

Millions of yen

Millions of yen

Millions of yen

Millions of yen

-37
-39

465
-77

-0
-0

2,435
2,002

2. Cash dividends

Year ended March 2022
Year ended March 2023
Year ending March 2024 (Forecast)

1Q-endyen-

Annual dividends per share
2Q-end3Q-endYear-end
yen
yen
yen
0.00
0.00
0.00
0.00
0.00
0.00

Total
Dividends

Total
yen
0.00
0.00
0.00

Dividends
on equity%%-

Payout ratio

Millions of yen-

3. Forecasts of consolidated operating results for the year ending March 31, 2024 (April 1, 2023 through March 31, 2024)
Net Sales
Millions of yen

Full year

2,600(Percentages indicate year-on-year changes.)
Net income attributable to Net income
Operating income
Ordinary income
owners of parent
per share% Millions of yen% Millions of yen% Millions of yen
%
Yen
12.0
150
454.3
150
420.6
120
431.7
38.15

Notes:1. Changes in significant subsidiaries during the current consolidated cumulative period (changes in specified subsidiaries
accompanying changes in the scope of consolidation): None
2. Changes in accounting policies(1) Changes in accounting policies resulting from revisions of accounting standards: None
(2) Changes in accounting policies except (1): None
(3) Changes in accounting estimation: None
(4) Restatement: None
3. Number of shares issued(1) Number of shares issued at the end of the period (including treasury shares)
As of March 31, 2023

3,152,400 shares

As of March 31, 2022

3,152,400 shares

As of March 31, 2022

4,122 shares(2) Number of treasury shares at the end of the period
As of March 31, 2023

7,166 shares(3) Average number of shares issued during the period
Year ended March 31, 2023

3,146,773 sharesYear ended March 31, 2022

3,148,584 shares(Reference)
1. Non-consolidated financial results for the fiscal year ended March 31, 2023 (April 1, 2022 through March 31, 2023)(1) Non-consolidated operating results
Net sales
%
39.2
65.2

Millions of yen

2,322
1,667

Fiscal year ended March 31, 2023
Fiscal year ended March 31, 2022

Operating income

Net income per shareyen
6.05-51.01

Fiscal year ended March 31, 2023
Fiscal year ended March 31, 2022

Millions of yen

23
-130

(Percentages indicate year-on-year changes)
Ordinary income
Net income% Millions of yen% Millions of yen
%
25
19
-126
-160
-

Net income per sharedilutedyen－－(2) Non-consolidated financial position
Total assets
Millions of yen

Net assets

Equity ratio

Millions of yen

As of March 31, 2023
3,834
3,133
As of March 31, 2022
3,472
3,092
Reference) Shareholders' equity: 3,133 million yen as of March 31, 2023; 3,092 million yen as of March 31, 2022

%
81.2
89.0

Net assets per shareYen
989.95982.19

2. The non-consolidated earnings forecast for the fiscal year ending March 31, 2024 has been omitted considering the materiality of
the non-consolidated information.
*Summary of the financial results is not subject to audit by a certified public accountant or auditing firm.
*Explanation regarding the appropriate use of business forecasts and other special notes
The forward-looking statements such as business forecast in this document are based on information currently available to
the Company and on certain assumptions deemed to be reasonable. The Company does not guarantee the achievementof the forecasts. Actual results may differ significantly for a number of reasons.
For the conditions and notes on the use of business forecast, please refer to"1. Qualitative information on financial results (4) Consolidated financial forecasts and other forward-looking statements."

Qualitative information on financial results(1) Operating results
During the current consolidated fiscal year, the Japanese economy showed signs of a gradual recovery due to efforts
to ease behavioral restrictions and revitalize socioeconomic activities although the outbreak of COVID-19 continued incycles from the sixth to the eighth wave. At present, however, the impact of the rapid depreciation of the yen and the
sharp rise in prices and energy costs on the economy and people's lives has become apparent. Looking ahead, withthe shift in the classification of new coronavirus infections from category 2 equivalent to category 5 on May 8, 2023,
Japan takes a major step toward normalizing socioeconomic activities, but challenges remain, such as managing therisk of periodic outbreaks. In the world, the risk of economic recession has become apparent due to high raw material
and food prices and supply-side constraints caused by the situation in Ukraine in addition to the effects of monetary
tightening.
In the semiconductor industry to which our group belongs, the continued shortage of semiconductor supplies due tostrong demand in various industries has affected the production of electronic equipment including automobiles thatuses semiconductors. In the medium term, demand is also expected to grow for IoT where all things are connected to
the Internet, artificial intelligence (AI), big data, next-generation high-speed communication standards, and automatic
driving.
In the field of AI/visual computing, which is the business domain of our group, the acceleration of innovation and theincreasing roles of AI are expected in solving social and environmental issues, including a decrease in the working
population due to declining birthrate and aging population, COVID-19 pandemic and climate change, and in realizing asafe and secure society.
In this environment, the basic policy of our group's medium-term business plan is to achieve Creating Shared Value(CSV) management that will enhance corporate value by contributing to the resolution of social and environmental
issues and earning revenue and profits at the same time. In the core fields of safe driving assistance and robotics, wewill maximize customer lifetime value (LTV) by providing added value through the development of IP core licensebusiness, product business, and professional service business, based on our integrated development system fromalgorithms and software to our strength, hardware, throughout the development lifecycle of customer products andservices from the planning stage to mass production.

As for specific initiatives and achievements in our focused fields during the current consolidated fiscal year, firstly, inthe safety field, we earned recurring revenue from existing projects from the edge to the cloud, as well as new licenses
and professional services for new customers and new projects of existing customers including an OTA (Over the Air)
project to wirelessly implement our software in dashcams already installed in end-user vehicles. In addition, we shipped
ZIA C3 kits for volume production for peripheral monitoring of commercial vehicles.
In the robotics field, while identifying and promoting PoC projects for customers, and improving product robustness, wehave launched the Stereo Vision IP "ZIA SV" for high-speed and high-accuracy distance measurement in applications
such as autonomous robots and cooperative robots. In addition, with regard to the business of the vision system forcooperative robots by Cambrian Inc., a capital and business partner, we have made progress in business projects
aimed at reducing labor and improving productivity for end customers in the manufacturing industry, particularly theautomobile industry, and are also working to connect to cooperative robots in Japan and overseas in order to expand
the ecosystem.
In the amusement field, we continued shipping our image processing semiconductors, "RS1," for mass production in
response to the large-scale order, and the sales of chassis of ZEEG Corporation, a joint venture between Sammy-1-Corporation and Universal Entertainment Corporation, equipped with "RS1" exceeded 100,000 units for 10 models. We
continue to seek to expand our market share in market segments where we can leverage the advantages of this unique
2D/3D integrated chip.
As other initiatives and results, the high-definition edge AI processor "ZIA DV720" has been adopted in two new seriesof TVS REGZA's "REGZA" TVs, and running royalty income has been recorded since the current fiscal year. In addition,
we are developing an AI IP processor that significantly outperforms current products.

Regarding the business results for the current consolidated fiscal year, in the product business, we continued mass
production shipments of the RS1 image processing semiconductor and shipped ZIA C3 kits for volume production,
camera modules for drone mass production, and Cambrian vision systems. In the IP core license business, we recorded
recurring revenue in the fields of safety and robotics in addition to AI/GPU running royalty income. In the professional
service business, we provided contracted AI/GPU contracted development services.

As a result, for the current consolidated fiscal year, we recorded net sales of 2,322 million yen (up 39.2% year on year),
operating income of 27 million yen (operating loss of 126 million yen in the same period of the previous fiscal year),ordinary income of 28 million yen (ordinary loss of 122 million yen in the same period of the previous fiscal year), andnet income attributable to owners of the parent of 22 million yen (net loss attributable to owners of the parent of 157
million yen in the same period of the previous fiscal year).

As our group operates in a single segment, segment information is not provided, but a summary of results by businessis as follows.
a) IP core license businessNet sales amounted to 261 million yen (173 million yen in the same period of the previous fiscal year), mainly due tothe recording of new IP licenses and recurring revenue in the fields of safety including OTA, and robotics in addition to
AI/GPU running royalty income for digital equipment such as digital still cameras, 4K TVs and office automationequipment.
b) Product businessNet sales amounted to 1,956 million yen (1,199 million yen in the same period of the previous fiscal year) due to strong
sales from mass production shipments of the RS1, volume shipments of the ZIA C3 kit for peripheral monitoring ofcommercial vehicles, camera modules for drone mass production, and Cambrian vision systems.
c) Professional service businessNet sales amounted to 104 million yen (295 million yen in the same period of the previous fiscal year) due to a decreasein customers’ development projects.

A summary of results by field is as follows.
a) Safety field
Net sales amounted to 170 million yen (163 million yen in the same period of the previous year), mainly due to sales
from volume shipments of the ZIA C3 kit for peripheral monitoring of commercial vehicles, professional services income,and recurring income including OTA.
b) Robotics field
Net sales amounted to 185 million yen (236 million yen in the same period of the previous fiscal year) due to a decreasein customers’ development projects in the professional service business, despite the recording of revenue mainly from-2-the IP core license business, Cambrian vision systems, and camera modules for drone mass production.
c) Amusement field
Net sales amounted to 1,821 million yen (1,155 million yen in the same period of the previous year), mainly due to themass production shipments of RS1.
d) Other
Net sales amounted to 144 million yen (111 million yen in the same period of the previous fiscal year), mainly due tothe recording of GPU IP license revenue and AI/GPU running royalty income for digital equipment.

(2) Financial position(Assets)
Total assets at the end of the current consolidated fiscal year amounted to 3,842 million yen, up 369 million yen fromthe end of the previous consolidated fiscal year, mainly due to increases in accounts receivable and contract assets(up 444 million yen) and cash and deposits (up 433 million yen) and a decrease in investment securities (down 499
million yen) resulting from an early redemption.
(Liabilities)
Current liabilities and non-current liabilities at the end of the current consolidated fiscal year totaled 717 million yen, up
341 million yen from the end of the previous consolidated fiscal year, mainly due to increases in accounts payable (up292 million yen) and contract liabilities (up 29 million yen).
(Net assets)
Total net assets at the end of the current consolidated fiscal year amounted to 3,124 million yen, up 28 million yen fromthe end of the previous consolidated fiscal year, mainly due to an increase in retained earnings (up 22 million yen)resulting from the posting of net income attributable to owners of the parent.
As a result, the net equity ratio was 81.3%.

(3) Overview of Cash FlowsThe balance of cash and cash equivalents at the end of the current consolidated fiscal year was 2,435 million yen.
Net cash used by operating activities was 37 million yen mainly attributable to positive factors such as an increase inaccounts payable of 292 million yen, depreciation of 71 million yen and income before income taxes of 28 million yen,and negative factors such as an increase in accounts receivable and contract assets of 444 million yen.
Net cash provided in investing activities was 465 million yen mainly attributable to a positive factor of redemption of
investment securities of 500 million yen.
Net cash used by financing activities was 0 million yen attributable to the purchase of treasury shares.

(Reference) Changes in cash flow indicators
March 2019

March 2020

March 2021

March 2022

March 2023

Equity ratio (%)

83.8

92.2

93.5

89.2

81.3

Equity ratio on market value (%)

548.5

162.3

250.2

128.5

225.1

Interest-bearing debt to cash flows ratio (year)

-

-

-

Interest coverage ratio (times)

-

-

-

Calculations are based on consolidated financial figures from the fiscal year ended March 31, 2021.
Equity ratio: Equity / Total assets
Equity ratio on market value: Market value / Total assets-3-Interest-bearing debt to cash flows ratio: Interest-bearing debt / Cash flows
Interest coverage ratio: Cash flows / Interest payment(Note 1) Market value is calculated based on the number of issued shares excluding treasury stock.
(Note 2) Cash flows from operating activities are used for cash flows.
(Note 3) Since there is no interest-bearing debt balance or interest payment in each period, interest-bearing debt tocash flows ratio and interest coverage ratio are not stated.

(4) Consolidated financial forecasts and other forward-looking statements
The Japanese and global economies are expected to remain uncertain due to such factors as financial instability,
persistent inflation, and increasing geopolitical risks such as the prolonged situation in Ukraine.
The semiconductor industry, to which our group belongs, is polarized with strong demand for automotive and industrial
equipment and declining demand for consumer electronics equipment caused by the economic slowdown, and negative
growth is forecasted mainly due to reduced demand for memory in the short term. However, demand for semiconductors
for AI/IoT is expected to grow in the medium term. In addition, advances in AI and other technologies are expected tohelp overcome social and environmental challenges, such as the declining birthrate and aging population and climatechange.
We have newly established the purpose, "Making the Image Intelligent," and are committed to creating innovative
products and services that solve real-world problems and drive value for our stakeholders with the power of image
intelligence, which has been our strength since the foundation.
In April, we established two new business divisions, the "Robotech Mobility Division" and the "Technology Product
Division," with clear responsibilities and authority to strengthen our existing businesses and accelerate our growthbusinesses, aiming for balanced growth as a whole.
The Robotech Mobility Division will expand business by focusing on the robotics and safety fields, where high market
growth is expected, and integrating these two fields. The "Technology Product Division" will strive to achieve stable
growth in the amusement and IP fields by demonstrating the power of image intelligence.
Based on the above, for the fiscal year ending March 31, 2024, we forecast consolidated net sales of 2,600 million yen(up 12.0% from the current consolidated fiscal year), operating income of 150 million yen (up 454.3% from the current
consolidated fiscal year), ordinary income of 150 million yen (up 420.6% from the current consolidated fiscal year), andnet income attributable to owners of the parent of 120 million yen (up 431.7% from the current consolidated fiscal year).
Actual results may differ from these forecasts due to various factors.

(5) Significant events regarding going-concern assumptions
Not applicable

2. Basic Policy on Selection of Accounting Standards
Since financial statements are also used in calculating distributable amounts under the Companies Act and taxable
income under the Corporation Tax Act, we apply Japanese GAAP for accounting standards.

-4-

3. Consolidated financial statements and significant notes(1) Consolidated balance sheets
Previous year
(As of Mar 31, 2022)(Yen thousand)Current year
(As of Mar 31, 2023)

2,002,540
388,772
300,000
11,501
1,029
26,756
48,4152,454
2,580
2,784,051

2,435,996
833,518
300,000
22,874408
42,58339,872
4,570
3,985
3,683,809

51,243-40,322
10,920148,850-120,252
28,59839,51951,243-42,252
8,990
189,815-133,467
56,347499
65,83750,38323025
73,40824,09425
24,119507,481
11,63456,093575,209688,137
3,472,189

7,747
2,509
54,455
3,630
68,342
158,299
3,842,109

260,342
12,371
1,604
15,146
41,137
6,596
4,345
17,081
358,626

553,241
34,104
1,515
23,73728,394
7,967
33,72017,351700,031414
17,665
18,079376,706

17,926
17,926
717,957

1,838,882
1,858,093-597,659-1,615
3,097,700

1,838,882
1,858,093-575,090-1,724
3,120,161-1,835-381-2,217
3,095,483
3,472,189

645
3,344
3,990
3,124,151
3,842,109

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade, and contract assets
Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Prepaid expenses
Consumption taxes refund receivable
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Accumulated depreciation
Buildings, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Work in process
Total property, plant and equipment
Intangible assets
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term prepaid expenses
Leasehold deposits
Deferred tax asset
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Accounts payable - otherAccrued expenses
Income taxes payable
Accrued consumption taxes
Deposits received
Contract liabilities
Provision for product warranties
Total current liabilities
Non-current liabilities
Deferred tax liabilities
Asset retirement obligations
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets-5-(2) Consolidated statements of income and comprehensive income

Previous year
(From Apr 1, 2021
To Mar 31, 2022)
1,667,991
1,063,529
604,461(Yen thousand)Current year
(From Apr 1, 2022
To Mar 31, 2023)
2,322,112
1,461,437
860,675

Selling, general and administrative expenses

731,082

833,616

Operating income (loss)
Non-operating income
Interest income
Interest on securities
Foreign exchange gains
Gain on sale of securities
Miscellaneous income
Total non-operating income
Non-operating expenses
Loss on redemption of securities
Interest expenses
Miscellaneous losses
Total non-operating expenses
Ordinary income (loss)
Extraordinary income
Gain on liquidation of subsidiaries
Total extraordinary income
Extraordinary losses
Loss on valuation of investment securities
Total extraordinary losses
Income (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Income (loss)
Net income (loss) attributable to owners of parent-126,621

27,059

302
1,798
1,557
25
306
3,990

243
962
2,610
3,816

0
0
-122,631

1,980
72
8
2,060
28,814328
328-

33,642
33,642-155,945
2,290-1,0381,251-157,197-157,197

28,814
10,290-4,044
6,245
22,56922,569Previous year
(From Apr 1, 2021
To Mar 31, 2022)-157,197(Yen thousand)Current year
(From Apr 1, 2022
To Mar 31, 2023)
22,569

2,841
-279
2,562
-154,635

2,481
3,726
6,207
28,777-154,635

28,777--

Net sales
Cost of sales
Gross profit

Consolidated statements of comprehensive income

Income (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests-6-(3) Consolidated statements of shareholders’ equity
Previous consolidated fiscal year (from April 1, 2021 to March 31, 2022)(Yen thousand)Shareholders' equity
Share capital
Balance at beginning of period
Changes during period
Loss attributable to owners of parent
Purchase of treasury shares
Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

Balance at beginning of period
Changes during period
Loss attributable to owners of parent
Purchase of treasury shares
Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

1,838,882

Capital surplus

Retained earnings

1,858,093-440,462-1,525

Total shareholders'equity3,254,988-90-157,197-90-90-1,615-157,287
3,097,700

Treasury shares-157,197

1,838,882

1,858,093-157,197-597,659

Accumulated other comprehensive income
Valuation difference on
Total accumulated
Foreign currency
available-for-saleother comprehensive
translation adjustment
securities
income-4,677-102-4,779Total net assets
3,250,208-157,197
-90

2,841

-279

2,562

2,562

2,841
-1,835

-279
-381

2,562
-2,217-154,725
3,095,483

Current consolidated fiscal year (from April 1, 2022 to March 31, 2023)(Yen thousand)Shareholders' equity
Share capital
Balance at beginning of period
Changes during period
Income attributable to owners of parent
Purchase of treasury shares
Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

Balance at beginning of period
Changes during period
Income attributable to owners of parent
Purchase of treasury shares
Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

1,838,882

Capital surplus
1,858,093

Retained earnings-597,659-1,615

Total shareholders'equity3,097,700-108

22,569-108-108-1,724

22,4603,120,161

Treasury shares

22,5691,838,882

1,858,093

22,569-575,090

Accumulated other comprehensive income
Valuation difference on
Total accumulated
Foreign currency
available-for-saleother comprehensive
translation adjustment
securities
income-1,835-381-2,217

Total net assets
3,095,483
22,569
-108

2,481

3,726

6,207

6,207

2,481
645

3,726
3,344

6,207
3,990

28,6683,124,151-7-

(4) Consolidated statement of cash flows

Previous year
(From Apr 1, 2021
To Mar 31, 2022)
Cash flows from operating activities
Income (loss) before income taxes
Depreciation
Share-based payment expenses
Increase (decrease) in provision for product warranties
Interest and dividend income
Loss (gain) on valuation of investment securities
Foreign exchange losses (gains)
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Decrease (increase) in consumption taxes refund
receivable
Increase (decrease) in accrued consumption taxes
Other, net
SubtotalInterest and dividends received
Income taxes paid
Income taxes refund
Subsidies received
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of securities
Proceeds from redemption of securities
Purchase of property, plant and equipment
Purchase of investment securities
Proceeds from redemption of investment securities
Purchase of intangible assets
Payments of leasehold deposits
Proceeds from refund of leasehold deposits
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Purchase of treasury shares
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period-8-(Yen thousand)Current year
(From Apr 1, 2022
To Mar 31, 2023)-155,945
71,77732,92817,081-2,096
33,642-4,851-231,166
12,780128,008

28,814
71,82423,232270-1,205-5,228-444,745-26,578
292,898

32,823-2,116

41,137-34,968-58,849
2,490
9,736
6,699
-39,923-12,743
38,146-37,430
1,983-2,125-37,573-600,000
600,000-14,481-40,744-23,000-1,945
2,822-77,348-600,000
600,000-29,577
500,000-6,1501,638
465,910

-90
-90

-108
-108

7,549

5,228

-109,812
2,112,353
2,002,540

433,455
2,002,540
2,435,996

(5) Notes to consolidated financial statements(Notes on going-concern assumption)
Not applicable(Change in accounting policy)
Not applicable-9-(Segment information, etc.)[Segment information]
The Group's business is comprised of a single segment, the development, manufacture, and sale of IP cores and otherproducts, as well as related operations. Therefore, this information is omitted from this report.

(Per share information)
Previous year

Current year

(From Apr 1, 2021 To Mar 31, 2022)(From Apr 1, 2022 To Mar 31, 2023)

Net assets per share983.23 yen

993.30 yen

Net income (loss) per share-49.93 yen

7.17 yen(Notes)
1. Diluted net income per share for the previous consolidated fiscal year is not shown since the Company posted a net
loss per share and there were no diluted shares. Diluted net income per share for the current consolidated fiscal year
is not shown since there are no diluted shares.
2. The basis for calculation of net assets per share is as follows.
Previous year (Mar 31, 2022)

Current year (Mar 31, 2023)

3,095,483

3,124,151

Amount deducted from total net assets (thousand yen)--

Net assets related to common stock at the end of theperiod (thousand yen)

3,095,483

3,124,151

Number of common shares used for calculation of net
assets per share at the end of the period (Shares)

3,148,278

3,145,234

Total net assets (thousand yen)

3. The basis for calculation of net loss per share is as follows.
Previous year
(From Apr 1, 2021 To Mar 31, 2022)

Current year
(From Apr 1, 2022 To Mar 31, 2023)

to-157,197

22,569Amount not attributable to common
stock (thousand yen)--

Net income (loss) attributable toowners of the parent on common stock-157,197

22,569Average number of shares of common
stock during the period (shares)

3,148,584

3,146,773

Net income (loss) per share
Net

income(loss)

attributableowners of the parent (thousand yen)

(Significant subsequent events)
Not applicable- 10 -

4. Other(1) Recent quarterly business performance
Fiscal year ended March 31, 2023
First Quarter
Apr 2022 - Jun 2022

Second Quarter
Jul 2022 - Sep 2022

Third Quarter
Oct 2022 - Dec 2022

Fourth Quarter
Jan 2023 - Mar 2023

Net sales

387,671537,683

654,471742,286

Gross profit

119,257

189,660

258,820

292,576

Operating income/loss (-)-89,267-13,573

41,88788,012

Ordinary income/loss (-)-83,735-10,570

35,81387,307

Income/loss (-) before
income taxes-83,735-10,570

35,81387,307

Net income/loss (-)-84,308-11,143

35,24082,780Net income/loss (-)
attributable to owners of
the parent-84,308-11,143

35,24082,780Comprehensive income-79,661-10,990

35,057

84,372-26.79 yen-3.54 yen

11.20 yen26.32 yen(thousand yen)

Net income/loss (-) per share

End of 1st QuarterEnd of 2nd QuarterEnd of 3rd QuarterEnd of 4th Quarter

Total assets

3,463,998

3,485,580

3,557,274

3,842,109

Net assets

3,015,821

3,004,830

3,039,888

3,124,151

Net assets per share958.23 yen

954.74 yen

965.88 yen

993.30 yen

First Quarter
Apr 2021 - Jun 2021

Second Quarter
Jul 2021 - Sep 2021

Third Quarter
Oct 2021 - Dec 2021

Fourth Quarter
Jan 2022 - Mar 2022

Net sales

250,518

440,014589,060

388,398

Gross profit

69,584

168,322205,938

160,616

Operating income/loss (-)-95,864-14,080

18,023-34,699

Ordinary income/loss (-)-95,848-13,155

18,566-32,193

Income/loss (-) before
income taxes-95,848-13,155

18,895-65,836

Net income/loss (-)-96,369-13,675

18,374-65,526

Net income/loss (-)-96,369-13,675

18,374-65,526-95,826-12,419

20,628-67,017-30.60 yen-4.34 yen

5.83 yen-20.81 yen

Fiscal year ended March 31, 2022
(thousand yen)

attributable to owners of
the parent
Comprehensive income
Net income/loss (-) per share

End of 1st QuarterEnd of 2nd QuarterEnd of 3rd QuarterEnd of 4th Quarter

Total assets

3,399,847

3,432,453

3,634,784

3,472,189

Net assets

3,154,649

3,141,872

3,162,500

3,095,483

1,001.85 yen

997.90 yen

1,004.45 yen

983.23 yen

Net assets per share- 11 -