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 Nine Months Ended October 31, 2019
(Based on Japanese GAAP)
December 13, 2019
Company name:Enigmo Inc.
Stock exchange listing: Tokyo
Stock code:
Representative:

3665
URL http://http://www.enigmo.co.jp/
Representative Director, CEO
Shokei SUDA

Inquiries:

Executive Officer,
Chief Director of Corporate Operation

Yoichi KANEDA

TEL

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

December 13, 2019–

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

03-6894-3665(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the nine months ended October 31, 2019 (from February 1, 2019 to October 31, 2019)(1) Non-consolidated operating results (cumulative)
Percentages indicate year-on-year changesNet sales
Nine months ended October 31, 2019
Nine months ended October 31, 2018

Millions of yen
4,128
3,549

Operating profit% Millions of yen
16.3
1,725
–
1,479

Earnings per share

Ordinary profit% Millions of yen
16.7
1,708
–
1,479

%
15.7
–

Diluted earnings per share

Yen
28.47
24.62

Nine months ended October 31, 2019
Nine months ended October 31, 2018

Profit% Millions of yen
15.5
1,185
–
1,025

Yen––(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
7,585
7,151

As of October 31, 2019
As of January 31, 2019

Equity ratio

Millions of yen
6,698
5,511%
88.3
77.1

2. Cash dividends
Annual dividends per share

Year ended January 31, 2019Year ending January 31, 2020

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00
0.00

Yen––

Yen
0.00

Yen
0.00

0.00

0.00

Year ending January 31, 2020 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending January 31, 2020 (from February 1, 2019 to January 31, 2020)
Percentages indicate year-on-year changesNet sales
Full year

Millions of yen
6,156

Operating profit% Millions of yen
16.5
2,467

Ordinary profit% Millions of yen
15.1
2,451

1Profit% Millions of yen
14.4
1,700

Earnings per share%
11.4

Yen
40.82

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
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 October 31, 2019

42,642,000 shares As of January 31, 2019

42,642,000 shares

Number of treasury shares at the end of the period
As of October 31, 2019

1,000,040 shares As of January 31, 2019

1,000,000 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended October 31, 2019

41,641,961 shares Nine months ended October 31, 20182

41,642,000 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of January 31, 2019

As of October 31, 2019

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade

6,456,014
245,978

6,872,952
247,758

Advance payments - trade
Prepaid expenses

106,326
27,139201,629
30,442

Accounts receivable - other
Other

66,687918

49,384
2,874

Allowance for doubtful accounts
Total current assets(4,407)–

6,898,658

7,405,041

Non-current assets
Property, plant and equipment
Buildings

47,478

46,117

Tools, furniture and fixtures

18,117

16,745

Total property, plant and equipment

65,59562,863

Software
Other

8,386
18

13,02118

Total intangible assets

8,405

13,039Investments and other assets
Investment securities

575

3,584

104
119,262104
37,361Intangible assets

Shares of subsidiaries and associates
Deferred tax assets
Lease and guarantee deposits

58,751

63,860Total investments and other assets

178,692

104,910

Total non-current assets

252,693

180,812

7,151,352

7,585,854

Accounts payable - otherAccrued expenses

182,826
43,931

186,283
1,743

Income taxes payable
Accrued consumption taxes

608,251
63,095102,179
42,189Deposits received
Provision for point card certificates

676,584
42,500503,276
25,251

Total assets
Liabilities
Current liabilities

Other
Total current liabilities

7,099

10,953

1,624,290

871,878

15,587

15,712

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

315,587

15,712

1,639,877

887,590(Thousands of yen)
As of January 31, 2019

As of October 31, 2019

Net assets
Shareholders' equity
Capital stock

381,903381,903

Capital surplus
Legal capital surplus

321,103

321,103

Other capital surplus

70,371

70,371

Total capital surpluses

391,474

391,474

Other retained earnings
Retained earnings brought forward

5,153,702

6,339,501

Total retained earnings

Retained earnings

5,153,702

6,339,501

Treasury shares(415,380)(415,429)

Total shareholders' equity

5,511,699

6,697,449

Deferred gains or losses on hedges

(523)

813

Total valuation and translation adjustments

(523)

813

297

–

5,511,474

6,698,263

7,151,352

7,585,854

Valuation and translation adjustments

Share acquisition rights
Total net assets
Total liabilities and net assets

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

Nine months ended

October 31, 2018

October 31, 2019

Net sales
Cost of sales

3,549,985
609,599

4,128,625
742,413Gross profit

2,940,386

3,386,211

Selling, general and administrative expenses

1,460,8331,660,297

Operating profit

1,479,552

1,725,914

156
423

159
–

09

125
–

Non-operating income
Interest income
Interest on refund
A lecture and a manuscript fee income
Other589

284

Non-operating expenses
Foreign exchange losses

Total non-operating income

261

755

Going public expenses
Miscellaneous loss––

16,497260

Total non-operating expenses

261

17,513

1,479,880

1,708,686

Reversal of allowance for doubtful accounts
Gain on sales of non-current assets

––

4,046
36

Gain on reversal of share acquisition rights–

297

Total extraordinary income–

4,381

Loss on retirement of non-current assets–

674

Total extraordinary losses–

674

1,479,880

1,712,392

485,135

445,283

Ordinary profit
Extraordinary income

Extraordinary losses

Profit before income taxes
Income taxes - current
Income taxes - deferred(30,398)

81,310Total income taxes

454,736

526,593

1,025,144

1,185,799

Profit5