Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Non-Consolidated Financial Results
for the Three Months Ended July 31, 2022
(Based on Japanese GAAP)
September 9, 2022
Company name:

HEROZ, Inc.

Stock exchange listing: Tokyo
Stock code:
4382
Representative:
Inquiries:

URL

https://www.heroz.co.jp

Representative Director and Co-CEO
Executive Officer and CFO

Takahiro Hayashi
Hiroya Mori

TEL

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

September 12, 2022–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:YesNo

03(6435)2495(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the three months ended July 31, 2022 (from May 1, 2022 to July 31, 2022)(1) Non-consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Net sales

EBITDA

Millions of yen%
Three months ended July 31, 2022
375
5.8
Three months ended July 31, 2021
354–
※EBITDA = Operating Profit + Depreciation + Amortization

Millions of yen

41
47

Earnings per share

Operating profit% Millions of yen(12.5)
14–
9

Millions of yen

46

Profit% Millions of yen%(37.3)
7 117.9–3–

Diluted earnings per share
Yen
0.52
0.24

Three months ended July 31, 2022
Three months ended July 31, 2021

%
56.4
–

Ordinary profit

Yen
0.51
0.24

(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
6,623
6,635

As of July 31, 2022
As of April 30, 2022

Equity ratio

Millions of yen
6,448
6,440

%
97.4
97.1

2. Cash dividends
Annual dividends per share

Year ended April 30, 2022
Year ending April 30, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
–
–

Yen
0.00

Yen
–

Yen
0.00

Yen
0.00

0.00

–

0.00

0.00

Year ending April 30, 2023 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending April 30, 2023 (from May 1, 2022 to April 30, 2023)
Percentages indicate year-on-year changes
Net sales

Full year

Millions of yen–

Operating profit% Millions of yen–

Ordinary profit% Millions of yen–

1

Profit% Millions of yen–

Earnings per share
%

Yen
–

4. Notes(1) Application of special accounting methods for preparing quarterly non-consolidated financial statements: No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

Yes
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of July 31, 2022

15,025,582 shares As of April 30, 2022

15,025,582 shares

Number of treasury shares at the end of the period
As of July 31, 2022

– shares As of April 30, 2022

– sharesAverage number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended July 31, 2022

15,025,582 shares Three months ended July 31, 2021

2

15,025,582 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets
As of April 30, 2022
AssetsCurrent assets
Cash and deposits
Accounts receivable- trade and contracts assets
Other
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Software
Software in progress
Total intangible assets
Investments and other assets
Shares of subsidiaries and associates
Other
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Total valuation and translation adjustments
Share acquisition rights
Total net assets
Total liabilities and net assets

3(Thousands of yen)
As of July 31, 2022

3,660,270
167,240
132,118
3,959,629

3,694,578
184,574
70,7193,949,872

260,271

234,306

14,496
10,85525,351

34,7362,807
37,544

1,995,548
394,583
2,390,131
2,675,754
6,635,384

1,995,548
406,257
2,401,805
2,673,655
6,623,528

23,899–
8,772
161,954
194,626
194,626

20,958
6,071
21,975
125,750
174,755
174,755

10,0005,311,017
1,117,934
6,438,952

10,0005,311,017
1,125,722
6,446,740

1,804

2,031

1,804
1
6,440,758
6,635,384

2,031
1
6,448,772
6,623,528

Non-consolidated statements of income (cumulative)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
dividends on investment
Other
Total non-operating income
Non-operating expenses
Loss on investments in investment partnerships
Other
Total non-operating expenses
Ordinary profit
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit4

Three months ended
July 31, 2021
354,937
235,690
119,247
110,041
9,205(Thousands of yen)Three months ended
July 31, 2022
375,642
221,936
153,705
139,310
14,394

4
–
4

8
0
8

2,724
1
2,725
6,485
6,485
4,233
(1,322)
2,911
3,574

10,3371
10,3384,064
4,064
13,652(17,374)(3,722)
7,787