Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between
this translated document and the Japanese original, the original shall prevail.

May 8, 2024

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2024
(under Japanese GAAP)
Company name:Security code:
Representative:
Contact:

Oricon Inc.
Listing: Tokyo Stock Exchange
4800
URL: https://www.oricon.jp/
Koh Koike, President and Representative Director
Kosaku Yamaguchi, General Manager of IR
Tel: +81-(0)3-3405-5252
Scheduled date of annual general meeting of shareholders:June 26, 2024
Scheduled date to commence payment of dividends:
June 27, 2024
Scheduled date of filing annual securities report:
June 26, 2024
Preparation of supplementary briefing materials on financial results:
Yes
Holding of financial results briefing:
Yes (for institutional investors andsecurities analysts)(Amounts less than a million yen are rounded down to the nearest million yen.)

1.

Consolidated financial results for the fiscal year ended March 31, 2024
(April 1, 2023–March 31, 2024)(1) Results of operations
Net sales
Fiscal year ended
March 31, 2024
March 31, 2023
Note: Comprehensive income(Percentages are shown as year-on-year changes.)
Net income
attributable to owners
Ordinary profitof the parent

Operating profit

Million yen

Million yen

%

4,800
(1.5)
1,556
4,875
8.3
1,765
Fiscal year ended March 31, 2024:
Fiscal year ended March 31, 2023:%(11.8)
16.2

Basic earnings
per share

Diluted earnings
per share

Million yen

%

1,588
(6.5)
1,699
12.7
1,130 million yen (up 1.3%)
1,115 million yen (up 13.7%)
Ratio ofordinary profit
to total assets

Return on
equityMillion yen

%

1,055
1,106

(4.7)
9.4

Ratio ofoperating profit
to net sales

Yen%%
Fiscal year ended
Yen%
March 31, 2024
79.99
–
21.4
27.5
32.4
March 31, 2023
82.48
–
25.2
32.2
36.2
Reference: Share of profit (loss) of entities accounted for using equity method: Fiscal year ended March 31, 2024: (40) million yen
Fiscal year ended March 31, 2023: (19) million yen(2) Financial position
Total assets
Net assets
As ofMillion yen
Million yen
March 31, 2024
6,027
5,187
March 31, 2023
5,531
4,653
Reference: Equity (Shareholders’ equity + Accumulated other comprehensive income)As of March 31, 2024:
5,187 million yen
As of March 31, 2023:
4,653 million yen

Equity ratio

Net assets per share
%

Yen

86.1
84.1

399.22350.05(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2024
March 31, 2023

2.

Cash flows frominvesting activities

Cash and cash
equivalents at end of
periodCash flows fromfinancing activities

Million yen

Million yen%

Million yen

1,310
899

(164)
(1,106)

(596)
(576)

3,072
2,524

Dividends
Annual dividends per share
Q1-endFiscal year ended March 31, 2023
Fiscal year ended March 31, 2024
Fiscal year ending March 31, 2025
(forecasted)Q2-endQ3-end Year-end

Total

Total
dividend
payment

Dividend
payout ratio(consolidated)

Ratio
of dividends
to net assets(consolidated)

Yen

Yen

Yen

Yen

Yen

Million yen

%

%

–
–

0.00
0.00

–
–

27.00
29.00

27.00
29.00

363
382

32.7
36.3

8.2
7.7

–

–

–

36.00

36.00

40.0

3.

Forecast of consolidated financial results for the fiscal year ending March 31, 2025
(April 1, 2024–March 31, 2025)

Net sales

Operating profit

Ordinary profit(Percentages are shown as year-on-year changes.)
Net income
Basic earnings per
attributable toshareowners of the parent

Million yen%

Million yen%

Million yen%

Million yen

%

Yen

5,200

8.3

1,720

10.5

1,710

7.6

1,170

10.9

90.04

Full year* Notes(1) Significant changes in scope of consolidation (changes in scope of consolidation of specified subsidiaries): None
Newly consolidated: –Excluded from consolidation: –(2) Changes in accounting policies and accounting estimates, and restatements
1)
2)
3)
4)

Changes in accounting policies due to revisions in accounting standards, etc.: None
Changes in accounting policies other than those in 1) above: None
Changes in accounting estimates: None
Restatements: None

(3) Number of shares issued (ordinary shares)
1)

Number of shares issued (including treasury shares):
As of March 31, 2024
As of March 31, 2023

2)

15,123,200 shares
15,123,200 shares

Number of treasury shares:
As of March 31, 2024
As of March 31, 2023

3)2,129,478 shares
1,829,678 shares

Average number of shares outstanding during the period:
For the fiscal year ended March 31, 2024
For the fiscal year ended March 31, 2023

13,190,645 shares
13,420,591 shares

The number of treasury shares as of March 31, 2024 includes 179,800 shares of the Company held by the Board Benefit Trust and
Employee Benefit Trust.

(Reference) Overview of non-consolidated financial results
Non-consolidated financial results for the year ended March 31, 2024 (April 1, 2023 to March 31, 2024)(1)

Non-consolidated operating results
Operating revenue
Fiscal year ended
Million yen%
March 31, 2024
1,911
(34.5)March 31, 2023
2,917
212.2
Basic earnings
per share
Fiscal year ended
March 31, 2024
March 31, 2023

(Percentages are shown as year-on-year changes.)
Ordinary profit
Net income

Operating profit
Million yen%

Million yen%

Million yen

%

1,139
2,135

(46.6)
758.1

1,210
2,086

(42.0)
796.1

1,038
1,989

(47.8)–

Diluted earnings
per share

Yen

Yen

78.74
148.24––(2)

Non-Consolidated Financial Position
Total assets
As ofMillion yen
March 31, 2024
7,023
March 31, 2023
6,426
Reference: Equity
As of March 31, 2024:
3,692 million yen
As of March 31, 2023:
3,174 million yen

Net assets

Equity ratio

Net assets per share

Million yen

%

Yen

3,692
3,174

52.6
49.4

284.15238.82* This consolidated financial report is not subject to review procedures by certified public accountants or an audit firm.
* Explanation of appropriate use of earnings forecasts, and other special notes
The forward-looking statements including the earnings forecasts contained in this report are based on information currently available
to us and certain assumptions that we believe to be reasonable. Accordingly, please be advised that we do not guarantee theachievement of the forecasts, and the actual results may differ significantly from the forecasts due to a variety of factors.

Oricon Inc. (4800) Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

Contents of Attachments
1. Consolidated Financial Statements and Major Notes

P. 2(1) Consolidated Balance Sheet

P. 2(2) Consolidated Statements of Income and Comprehensive Income

P. 4

Consolidated Statement of Income
Consolidated Statement of Comprehensive Income(3) Consolidated Statements of Changes in Equity

P. 6(4) Consolidated Statements of Cash Flows

P. 8(5) Notes to Quarterly Consolidated Financial Statements

P. 9

Segment Information

P. 9

Revenue Recognition

P. 11

1

Oricon Inc. (4800) Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

1.

Consolidated Financial Statements and Major Notes(1) Consolidated Balance Sheet
Previous fiscal year
(As of March 31, 2023)(Thousands of yen)
Current fiscal year
(As of March 31, 2024)

AssetsCurrent assets
Cash and deposits

3,058,126

3,693,903

Notes receivable

－

3,831

584,511608,526

4,936

4,927

Work in process

488

Prepaid expenses－
173,576

Income taxes refund receivable

190,098
322,839

Other

11,101

19,779(130)(1,779)4,171,971

4,590,129

116,372

117,437(55,976)(59,143)

Accounts receivable–trade
Merchandise and finished goods

Allowance for doubtful accounts
Total current assets

87,363

Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation

60,39658,294Tools, furniture and fixtures

Buildings and structures, net

448,014483,949

Accumulated depreciation(371,745)(402,594)

76,26881,355Tools, furniture and fixtures, net
Land
Total property, plant and equipment

1,973

1,973

138,638

141,623

Intangible assets
Goodwill

14,0908,636

Software122,283

141,877

Other

3,209

16,482

139,583

166,997

Investment securities

566,613642,566

Deferred tax assets

56,63417,086

Insurance funds

301,868

313,399

Other

166,116

162,773

Allowance for investment loss

(4,900)Allowance for doubtful accounts(4,956)－(6,603)

Total investments and other assets

1,081,375

1,129,222

1,359,597

1,437,843

5,531,569

6,027,972

Total intangible assets
Investments and other assets

Total non-current assets
Total assets

2Oricon Inc. (4800) Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

Previous fiscal year
(As of March 31, 2023)(Thousands of yen)
Current fiscal year
(As of March 31, 2024)

Liabilities
Current liabilities
Notes and accounts payable–trade

9,646

9,476

Short-term borrowings

100,000

100,000

Accounts payable - other129,533

199,004

Income taxes payable

284,892

200,817

Other

330,043

307,485

Total current liabilities

854,116

816,783

Provision for share-based payments

24,017

23,845

Total non-current liabilities

24,017

23,845878,134

840,629

1,092,450

1,092,450

Non-current liabilities

Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus

57,96057,960Retained earnings

4,610,992

5,302,344

Treasury shares(1,155,570)(1,387,917)

Total shareholders’ equity

4,605,832

5,064,837

47,603

122,506

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

347,603

122,506

4,653,435

5,187,343

5,531,569

6,027,972

Oricon Inc. (4800) Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statement of Income(Thousands of yen)
Current fiscal year
(April 1, 2023 toMarch 31, 2024)

Previous fiscal year
(April 1, 2022 toMarch 31, 2023)
Net sales

4,875,169

4,800,097

Cost of sales

1,398,544

1,507,651

Gross profit

3,476,625

3,292,445

Remuneration for directors (and other officers)

193,647

207,672

Payroll and allowances

427,076

423,506

Promotion expenses

249,574

282,066

Rent expenses on land and buildings

155,304

155,304

Other

685,172

667,2021,710,774

1,735,752

1,765,851

1,556,693

9,082
2,631

26,27972,144

Other

－
1,107

Total non-operating income

12,820107,216753

723

Selling, general and administrative expenses

Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains

5,335
3,457

Non-operating expenses
Interest expenses
Commission expenses

4,940

4,905

Share related expenses

11,646

12,542Foreign exchange losses
Share of loss of entities accounted for using the equity
methodLoss on investments in investment partnerships
Other

42,214－

19,43340,961－332

16,04638

Total non-operating expenses

79,32075,217

1,699,351

1,588,692

Loss on retirement of non-current assets

17

837

Total extraordinary losses

17

837

Ordinary profit
Extraordinary losses

1,699,333

1,587,854

Income taxes–current

Net income before income taxes

593,359526,227

Income taxes–deferred(1,022)

6,489

Total income taxes

592,337

532,717

Net income

1,106,996

1,055,137

Net income attributable to owners of the parent

1,106,996

1,055,137

4

Oricon Inc. (4800) Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

Consolidated Statement of Comprehensive Income
Previous fiscal year
(April 1, 2022 toMarch 31, 2023)
Net income(Thousands of yen)
Current fiscal year
(April 1, 2023 toMarch 31, 2024)

1,106,996

1,055,137

8,088

74,903

Other comprehensive income
Valuation difference on available-for-sale securities

8,088

74,903Comprehensive income

Total other comprehensive income

1,115,084

1,130,040

Comprehensive income attributable to
Owners of the parent

1,115,084

1,130,040

5

Oricon Inc. (4800) Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

(3) Consolidated Statements of Changes in Equity
Fiscal year ended March 31, 2023 (April 1, 2022 to March 31, 2023)(Thousands of yen)
Shareholders’ equity
Share capital
Balance at beginning of period

Capital surplus

Retained earnings－

1,092,450

3,816,182

Treasury shares(832,094)

Total
shareholders' equity
4,076,538

Changes of items during period
Dividends of surplus(312,186)(312,186)

Net income attributable toowners of the parent

1,106,996

1,106,996

Purchase of treasury shares(265,515)(265,515)

Purchase of treasury sharesby Board Benefit Trust(BBT)(154,440)(154,440)

96,480154,440

Dispose of treasury shares by
Board Benefit Trust (BBT)Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of period

57,960－57,960794,809(323,475)

529,293

1,092,450

57,9604,610,992(1,155,570)

4,605,832

Accumulated other comprehensive income
Valuationdifference on
available-for-salesecurities
Balance at beginning of period

39,515

Total accumulated
other comprehensive
income39,515

Total net assets

4,116,053

Changes of items during period
Dividends of surplus(312,186)

Net income attributable toowners of the parent

1,106,996

Purchase of treasury shares(265,515)

Purchase of treasury sharesby Board Benefit Trust(BBT)(154,440)

Dispose of treasury shares by
Board Benefit Trust (BBT)Net changes of items otherthan shareholders' equity

154,440
8,088

8,088

8,088

Total changes of items during
period

8,088

8,088

537,381

Balance at end of period

47,60347,603

4,653,435

6

Oricon Inc. (4800) Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

Fiscal year ended March 31, 2024 (April 1, 2023 to March 31, 2024)(Thousands of yen)
Shareholders’ equity
Share capital
Balance at beginning of period

Capital surplus

1,092,450

Retained earnings

57,9604,610,992

Treasury shares(1,155,570)

Total
shareholders' equity
4,605,832

Changes of items during period
Dividends of surplus(363,785)(363,785)

Net income attributable toowners of the parent

1,055,137

1,055,137

Purchase of treasury shares(232,519)(232,519)

Dispose of treasury shares

171

171

Net changes of items other thanshareholders' equity
Total changes of items during
periodBalance at end of period－－

691,352(232,347)

459,004

1,092,450

57,9605,302,344△1,387,917

5,064,837

Accumulated other comprehensive income

Balance at beginning of period

Valuationdifference on
available-for-salesecurities

Total accumulated
other comprehensive
income47,60347,603

Total net assets

4,653,435

Changes of items during period
Dividends of surplus(363,785)

Net income attributable toowners of the parent

1,055,137

Purchase of treasury shares(232,519)

Dispose of treasury shares

171

Net changes of items other thanshareholders' equity

74,90374,90374,903

Total changes of items during
period74,90374,903533,908

Balance at end of period

122,506

122,506

5,187,343

7

Oricon Inc. (4800) Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

(4) Consolidated statements of Cash Flows(Thousands of yen)Previous fiscal year
(April 1, 2022 toMarch 31, 2023)
Cash flows from operating activities
Net income before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Interest and dividend income
Interest expenses
Share of loss (profit) of entities accounted for using theequity method
Loss on retirement of non-current assets
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables

Current fiscal year
(April 1, 2023 toMarch 31, 2024)

1,699,333
97,567
5,454
2,340(11,713)753

1,587,854
94,5095,454
3,295(31,614)723

19,43340,961

17(18,992)
101
(338)

837
(27,846)496(170)(12,421)
84,270(45,836)
29,818Subtotal

1,865,807

1,658,485

Interest and dividends received
Interest paid
Income taxes paid

2,663
(752)
(968,353)

23,279(729)(697,856)

Increase (decrease) in accrued consumption taxes
Other

Income taxes refunded
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from collection of loans receivable
Other
Net cash provided by (used in) investing activities
Cash flows from financing activities
Purchase of treasury shares
Cash dividends paid－

326,949

899,364

1,310,128(576,320)(70,054)(29,510)(426,254)
10,000(14,152)(15,123)(50,799)(60,890)(25,000)(1,106,291)(164,900)(265,515)(310,913)(232,519)(364,138)－(13,087)(576,429)(596,657)

Increase (decrease) in cash and cash equivalents(783,356)

548,570

Cash and cash equivalents at the beginning of the period

3,307,363

2,524,006

Cash and cash equivalents at the end of the period

2,524,006

3,072,577

Net cash provided by (used in) financing activities

8Oricon Inc. (4800) Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

(5) Notes to Quarterly Consolidated Financial Statements
Segment Information
1. Overview of reporting segments
The Company’s reporting segments are regularly reviewed by the Board of Directors using the segregatedfinancial information available within each segment to determine the allocation of management resourcesand evaluate business results.
The Group consists of the Company, the pure holding company, and operating companies. Each operatingcompany develops comprehensive strategies for the products and services it handles to conduct business activities.
Accordingly, the Group is comprised of segments grouped by products and services based on those
operating companies. The Company has three reporting segments: Communication Business, Data
Providing Business, and Mobile Business.

The Communication Business segment conducts Customer Satisfaction (CS) Research Business and News& Media Business. The CS Research Business provides services including trademark use, digital promotion(customer transfer), and data distribution. The News & Media Business is mainly engaged in advertising and theprovision of news articles by using ORICON NEWS, the Company’s own media. The Data Providing Businesssegment provides music software, video software, book marketing data, and other data. The Mobile Businesssegment mainly provides services to distribute music, books, and other content for mobile devices.
2. Calculation of net sales, profit or loss, assets, liabilities and other items by reportable segment
The accounting methods used for reportable segments are generally the same as those described in“Important basic matters for preparation of the consolidated financial statements.”
The profit of the reportable segments is based on operating profit (before amortization of goodwill).
Intersegment sales and transfers are based on prevailing market prices.
The Company does not allocate assets to reportable segments.
3. Net sales, profit or loss, assets, liabilities and other items by reportable segment
Previous fiscal year (April 1, 2022 to March 31, 2023)(Thousands of yen)Communication
Business
Net sales
Sales to externalcustomers
Intersegment sales ortransfers
Total
Segment profit

Reportable segments
Data Providing
Mobile BusinessBusiness

Subtotal

Total

3,822,599

670,573

381,996

4,875,169

4,875,169

84,000－－84,00084,0003,906,599

670,573

381,996

4,959,169

4,959,169

2,542,225

234,622

133,1452,909,994

2,909,994

16,007

19,156

11,392

46,55546,555

Other items
Depreciation

Current fiscal year (April 1, 2023 to March 31, 2024)(Thousands of yen)Communication
Business
Net sales
Sales to externalcustomers
Intersegment sales ortransfers
Total
Segment profit

Reportable segments
Data Providing
Mobile BusinessBusiness

Subtotal

Total

3,785,464

673,989

340,643

4,800,097

4,800,097

84,000－－84,00084,0003,869,464

673,989

340,6434,884,097

4,884,097

2,349,270

251,665

96,707

2,697,643

2,697,643

15,40420,926

12,084

48,416

48,416

Other items
Depreciation

9

Oricon Inc. (4800) Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

4. Reconciliation between the total amount of reportable segments and the amount recorded in the consolidated
financial statements
Previous fiscal year

(Thousands of yen)
Current fiscal year

4,959,169

4,884,097(84,000)(84,000)

4,875,169

4,800,097

Previous fiscal year

(Thousands of yen)
Current fiscal year

2,909,994

2,697,643

Amortization of goodwill－(5,454)－(5,454)

Corporate expenses (Note)(1,138,689)(1,135,496)

Operating profit in the consolidated financial statements

1,765,851

1,556,693

Net sales
Total of reportable segments
Elimination of intersegment transactions
Net sales in the consolidated financial statements

ProfitTotal of reportable segments
Elimination of intersegment transactions

Note: Corporate expenses are mainly general and administrative expenses that are not attributable to any reportable segments.

Total of reportable segments

Adjustments

Other items
Previous
fiscal year
Depreciation

46,555Current
fiscal year
48,416

Previous
fiscal year
51,011

Current
fiscal year
46,093

Amount recorded inconsolidated financial
statements
Previous
Current
fiscal year
fiscal year
97,567

Note: The adjustments for depreciation mainly consist of amortization related to the administration division.

10

94,509

Oricon Inc. (4800) Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

Revenue Recognition
1. Disaggregation of revenue from contracts with customers
Previous fiscal year (April 1, 2022 to March 31, 2023)(Thousands of yen)Communication
Business
Customer Satisfaction
Research
News & Media

Reportable segments
Data Providing
Mobile BusinessBusiness

Total

Subtotal

2,144,640－－

2,144,640

2,144,640

1,677,959－

1,677,959

1,677,959

670,573

670,573

381,996

381,996

Data Providing－－
670,573

Mobile Content Services
Revenue from contracts
with customers
Other revenue
Sales to externalcustomers－－－
381,996

3,822,599

670,573

381,996

4,875,169

4,875,169

－

－

－

－

－

3,822,599

670,573

381,996

4,875,169

4,875,169

Current fiscal year (April 1, 2023 to March 31, 2024)(Thousands of yen)Communication
Business
Customer Satisfaction
Research
News & Media

Reportable segments
Data Providing
Mobile BusinessBusiness

Total

Subtotal

2,108,647－－

2,108,647

2,108,647

1,676,816－

1,676,816

1,676,816

Data Providing－－
673,989

673,989－－－
340,643

673,989

Mobile Content Services
Revenue from contracts
with customers
Other revenue
Sales to externalcustomers

340,643

340,6433,785,464

673,989

340,643

4,800,097

4,800,097

－

－

－

－

－

3,785,464

673,989

340,643

4,800,097

4,800,097

2. Basic information to understand revenue from contracts with customers
The details are described in “Basic information to understand revenue from contracts with customers 4.
Accounting policies (4) Basis for recognition of significant revenue and expense.”
3. Information related to the relationship between the satisfaction of performance obligations based on contracts
with customers and the cash flows arising from such contracts, and the amounts and timing of revenue
expected to be recognized in or after the next fiscal year from contracts with customers that existed at end of
the current fiscal year
(1)

Balances, etc. of contract liabilities
Previous fiscal year

(Thousands of yen)
Current fiscal year

Receivables arising from contracts with customers (Beginning balance)

569,690584,511

Receivables arising from contracts with customers (Ending balance)

584,511612,357

Contract liabilities (Beginning balance)

41,637

37,465Contract liabilities (Ending balance)

37,46554,087

Contract liabilities are mainly advances received from customers for the CS Research Business, and included in “Other”
in “Current liabilities” in the consolidated balance sheet.
(2)

Transaction price allocated to the remaining performance obligations
The Company and its consolidated subsidiaries have no material contracts with an initially expected contract
term of more than one year. In addition, there are no material amounts of consideration arisingfrom contracts with customers that are not included in the transaction price.

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