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 Six Months Ended July 31, 2023
(Based on Japanese GAAP)
September 14, 2023
Company name:Enigmo Inc.
Stock exchange listing: Tokyo
Stock code:
Representative:

3665
URL https://enigmo.co.jp/
Representative Director, CEO

Inquiries:

Executive Officer,
Chief Director of Corporate OperationShokei SUDA
Yoichi KANEDA

TEL

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

September 14, 2023–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:Yes
No03-6894-3665(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the six months ended July 31, 2023 (from February 1, 2023 to July 31, 2023)(1) Non-consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Net sales
Six months ended July 31, 2023
Six months ended July 31, 2022

Millions of yen
3,014
3,215

Operating profit% Millions of yen
(6.3)
389
–607

Earnings per share

Profit% Millions of yen(35.7)
275–
431%(36.2)–

Diluted earnings per share

Yen
6.93
10.43

Six months ended July 31, 2023
Six months ended July 31, 2022

Ordinary profit% Millions of yen(35.8)
397–
618

Yen––(2) Non-consolidated financial position
Total assets
As of July 31, 2023
As of January 31, 2023

Net assets

Millions of yen
12,722
12,684Equity ratio

Millions of yen
9,953
10,145%
77.9
79.7

2. Cash dividends
Annual dividends per share

Year ended January 31, 2023
Year ending January 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00
0.00

Yen–

Yen
10.00

Yen
10.00

–––

Year ending January 31, 2024 (Forecast)

1Total3. 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
No
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(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, 2023

42,642,000 shares As of January 31, 2023

42,642,000 shares

Number of treasury shares at the end of the period
As of July 31, 2023

2,969,340 shares As of January 31, 2023

2,828,940 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended July 31, 2023

39,684,579 shares Six months ended July 31, 2022

241,332,564 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of January 31, 2023

As of July 31, 2023

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade

10,315,637
293,229

10,188,218
216,927

Merchandise
Supplies

39,36242,020176
116,047

Advance payments to suppliers
Prepaid expenses

42,715
101,581

36,72877,763

Accounts receivable - otherDeposits paid

107,224
491,831

99,914–

Income taxes refund receivable
Consumption taxes refund receivable

142,145
89,279

–
–

370

619

11,665,398

10,736,396

Property, plant and equipment
Buildings

41,83540,825Tools, furniture and fixtures

20,23730,528

Total property, plant and equipment

62,07371,353

Software
Other

6,288
18

5,942
18

Total intangible assets

6,306

5,961

Investments and other assets
Investment securities

Other
Total current assets
Non-current assets

Intangible assets

547,865

1,447,958

Shares of subsidiaries and associates
Leasehold and guarantee deposits

285,896
38,627

327,053
38,645Long-term prepaid expenses
Deferred tax assets

23,50155,086

17,06478,079Total investments and other assets

950,976

1,908,800

1,019,356

1,986,115

12,684,755

12,722,512

Current liabilities
Accounts payable - other391,931302,612

Accrued expenses
Income taxes payable

4,360
–

7,939
166,527–
2,080,522

22,8052,173,353

10,294–

11,60838,993

Total non-current assets
Total assets
Liabilities

Accrued consumption taxes
Deposits received
Provision for point card certificates
Provision for bonuses
Other
Total current liabilities

43,822

36,9112,530,929

2,760,752

8,349

8,396

Non-current liabilities
Asset retirement obligations
Total non-current liabilities
Total liabilities

3

8,349

8,396

2,539,279

2,769,148

(Thousands of yen)
As of January 31, 2023

As of July 31, 2023

Net assets
Shareholders' equity
Share capital

381,903381,903

Capital surplus
Legal capital surplus

321,103

321,103

Other capital surplus

70,371

70,371

Total capital surplus

391,474

391,474

Other retained earnings
Retained earnings brought forward

10,746,507

10,623,624

Total retained earnings

10,746,507

10,623,624

Treasury shares(1,424,689)(1,506,959)

Total shareholders' equity

10,095,195

9,890,043

Valuation difference on available-for-sale securities

8,319

21,359Total valuation and translation adjustments

8,319

21,359Retained earnings

Valuation and translation adjustments

Share acquisition rights
Total net assets
Total liabilities and net assets

441,961

41,961

10,145,475

9,953,364

12,684,755

12,722,512

Non-consolidated statements of income (cumulative)(Thousands of yen)Six months ended

Six months ended

July 31, 2022

July 31, 2023

Net sales
Cost of sales

3,215,669
645,8423,014,201
657,944

Gross profit

2,569,826

2,356,256

Selling, general and administrative expenses

1,962,163

1,966,318

607,662

389,937

Interest income
Foreign exchange gains

58
9,257

444
2,421

Gain on investments in investment partnerships
Subsidy income

2,679
3,118–––
95

994
4,181

15,2098,042

Non-operating expenses
Commission expenses

749

174

Miscellaneous losses

4,053

171

Operating profit
Non-operating income

Interest on tax refund
Other
Total non-operating income

Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income

4,802

346

618,070

397,633

240

240

Profit before income taxes

618,094

397,634

Income taxes - current
Income taxes - deferred

170,814
16,017

151,136(28,750)

Total income taxes

186,831

122,386

Profit431,262

275,2485

Non-consolidated statements of cash flows(Thousands of yen)

Cash flows from operating activities
Profit before income taxes

Six months ended

Six months ended

July 31, 2022

July 31, 2023
618,094

397,634

Depreciation
Increase (decrease) in provision for point card certificates

6,929(10,883)

10,738
1,314

Increase (decrease) in provision for bonuses
Interest and dividend income

30,070(58)

38,993(444)

Loss (gain) on investments in investment partnerships
Foreign exchange losses (gains)(2,679)(1,264)–(693)

Decrease (increase) in trade receivables
Decrease (increase) in inventories

88,3592,189

76,302(34,841)

Increase (decrease) in accounts payable - other
Increase (decrease) in deposits received

316,908
417,315(89,318)
92,831

Decrease (increase) in deposits paid
Increase (decrease) in Contract liabilities(376,271)(8,667)

491,831(4,198)Other, net(242,066)

166,853

Subtotal

837,974

1,147,003

Interest and dividends received

58444

Income taxes refund (paid)(404,341)

147,157

Net cash provided by (used in) operating activities

433,692

1,294,605(3,692)(3,425)(16,878)(2,794)(662,113)–(894,265)
12,969–(6,351)(41,157)
(17)

60
24–
0

(675,496)(942,142)

Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Refund of investment partnerships
Purchase of shares of subsidiaries and associates
Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee deposits
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Purchase of treasury shares(374,554)(82,444)

Proceeds from issuance of share acquisition rights
Dividends paid

5,502
(416,419)–(398,130)

Net cash provided by (used in) financing activities(785,471)(480,575)

Effect of exchange rate change on cash and cash equivalents

1,264693

Net increase (decrease) in cash and cash equivalents(1,026,011)(127,418)

Cash and cash equivalents at beginning of period

12,844,859

10,315,637

Cash and cash equivalents at end of period

11,818,847

10,188,218

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