Financial Results
For the Fiscal Year 2014 ending January 31, 2014
Balance Sheets

March 14, 2014
Thousands of Yen
FY2014FY2013

AssetsCurrent assets:
Cash & Cash equivalents
Accounts receivable
Prepaid expenses
Deferred tax assets
Other
Total current assets
Noncurrent assets:
Tangible fixed assets
Buildings (net)
Tools, furniture and fixture (net)Total tangible fixed assets
Intangible fixed assets
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Stocks of subsidiaries and affiliates
Deferred tax assets
Leasehold and guarantee deposits
Total investments and other assets
Total noncurrent assets
Total assets
Liabilities
Current liabilities:
Accounts payable
Accrued expenses
Income tax payable
Accrued consumption taxes
Deposits received
Provision for point card certificates
Other
Total current liabilities
Noncurrent liabilities:
Long-term accounts payable
Deferred tax liabilities
Total noncurrent liabilities
Total liabilities

1

2,519,028
53,597
7,372
25,579153
2,605,731

2,192,244
42,362
5,570
9,472
291
2,249,941

18,512
6,752
25,265

3,663
8,092
11,756

5,964
18
5,983

11,17618
11,194

181,615
123,097
24,835329,548360,797
2,966,529

103,128
749
9,861
113,738
136,689
2,386,630

33,3105,534
294,130
28,556705,341
3,918
1,070,791

31,694
1,050
106,30335,011
892,7033,444
101,070,277

43
1,913
1,956
1,072,748

2,700
2,700
1,072,977

Thousands of Yen
FY2014FY2013
Net assets
Shareholders' equity:
Capital stock
Capital surplus
Legal capital surplus
Other capital surplus
Total capital surplus
Retained earnings
Other retained earnings
Retained earnings brought forward
Total retained earnings
Total shareholders' equity
Valuation and translation adjustments:
Valuation difference on available-for-sale securities
Total Valuation and translation adjustments
Subscription rights to shares
Total net assets
Total liabilities and net assets

2363,154

337,329

302,354
70,371
372,725

276,52970,371
346,900

1,153,202
1,153,202
1,889,081

629,423
629,423
1,313,653

4,440
4,440
258
1,893,781
2,966,529

1,313,653
2,386,630

Statements of Income

Thousands of Yen
FY 2014
FY2013Revenue
Cost of revenue
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating revenues:
Interest income
Foreign exchange gains
Lecture and manuscript fee
Gain on sales of scraps
Compensation income
Gain on forgiveness of debts
Other
Total non-operating revenues
Non-operating expenses:
Stock issuance costs
Going public expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income:Gain on sales of noncurrent assets
Gain on reversal of subscription rights to shares
Total extraordinary income
Extraordinary losses:
Impairment losses
Head office transfer costs
Other
Total extraordinary losses
Net profit before taxes
Income tax, inhabitants tax and enterprise tax
Income tax adjustments
Total corporate taxes
Net profit

3

1,823,538
360,691
1,462,847
610,764
852,082

1,439,710
309,716
1,129,993
532,026
597,966

1,634
1,430
178
122
165
3,530

181
2,715
330
149
1,000
995
200
5,574

855,613

2,366
8,772
267
11,405592,134

1
9
10

-

3,947
2,266
19
6,233
849,390
341,515(15,903)
325,611523,778

592,134
102,217
112,535
214,752
377,382Statements of Cash Flows

Thousands of Yen
FY2014FY2013

Cash flows from operating activities
Net profit before taxes
Depreciation and amortization
Impairment losses
Increase (decrease) in provision for point card certificatesInterest and dividend income
Loss (gain) in foreign exchange
Stock issuance cost
Loss on disposal of fixed assets
Head office transfer costs
Decrease (increase) in notes and accounts receivable-trade
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in accrued payments
Increase (decrease) in deposits received
Increase (decrease) in consumption tax payable
Decrease (increase) in other current assets
Increase (decrease) in other current liabilities
OtherSub total
Interest and dividends received
Head office transfer costs
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Payments for investments in capital of subsidiaries and affiliates
Payments for leasehold and guarantee deposits
Proceeds from collection of leasehold and guarantee deposits
OtherNet cash provided by (used in) investing activities
Cash flows from financing activities
Repayments of lease obligations
Repayments of installment payables
Proceeds from issuance of common stock
Proceeds from issuance of subscription rights to shares
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period

4849,390
9,896
3,947
473
(1,634)(1,886)
19
2,266(11,234)
3,148(187,361)(6,454)(1,664)4,329(150)
663,085
1,634(2,266)(153,603)
508,849

592,134
11,8262,240(181)(2,920)2,366
82(15,703)(1,086)928
456,876
20,660(4,325)758
82
1,063,740
181(305)
1,063,616(900,000)
1,000,000(23,476)1(174,575)(19,969)(16,011)1,037(132,994)(600,000)(7,386)(783)(103,128)
(509)
(149)
(711,957)(2,874)51,650267
49,042
1,886
426,783
1,592,244
2,019,028(1,281)(2,874)
302,651
298,495
2,920
653,075
939,169
1,592,244