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 Year Ended January 31, 2020
(Based on Japanese GAAP)
March 16, 2020
Company name:Enigmo Inc.

Stock exchange listing: Tokyo
Stock code:
3665
Representative:
Inquiries:

URL

http://http://www.enigmo.co.jp/

Representative Director, CEO
Executive Officer,Shokei SUDA

Chief Director of Corporate OperationScheduled date of ordinary general meeting of shareholders:

Yoichi KANEDATEL03-6894-3665

April 24, 2020

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

April 24, 2020
April 27, 2020

Preparation of supplementary material on financial results:
Holding of financial results meeting:Yes
No(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the year ended January 31, 2020 (from February 1, 2019 to January 31, 2020)(1) Non-consolidated operating results

Percentages indicate year-on-year changes
Net salesYear ended January 31, 2020
Year ended January 31, 2019

Millions of yen
6,097
5,283

Operating profit
%
15.4
23.9

Millions of yen
2,692
2,143

Diluted earnings pershare
Yen
Yen
44.68
–
36.89
–

Earnings per share
Year ended January 31, 2020
Year ended January 31, 2019

Ordinary profit
%
25.6
25.4

Millions of yen
2,681
2,143

Profit%25.1
24.9

Millions of yen
1,860
1,536%
21.1
134.1

Ordinary profit/total Operating profit/net
assetssales%%
%
28.9
33.5
44.2
32.4
36.2
40.6

Profit/equity(2) Non-consolidated financial position
Total assets
As of January 31, 2020
As of January 31, 2019

Net assets

Equity ratio

Millions of yen
8,835
7,151

Millions of yen
7,371
5,511

Cash flows fromoperating activities
Millions of yen
1,754
2,611

Cash flows frominvesting activities
Millions of yen
(24)
(11)

Net assets per share%
83.4
77.1

Yen
177.03132.35(3) Non-consolidated cash flows

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

Cash flows from
Cash and cash equivalents
at end of period
financing activities
Millions of yen
Millions of yen(0)
8,186
–
6,456

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended January 31, 2019Year ended January 31, 2020
Year ending January 31, 2021
(Forecast)

Dividend payout Ratio of dividends
Total cashratio
to net assets
dividends (Total) (Non-consolidated)(Non-consolidated)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen%%

–
–

0.00
0.00

–
–

0.00
7.00

0.00
7.00

–
291

–
15.7

–
4.0

–

0.00

–

0.00

0.00

13. Notes(1) 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:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:

No(2) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of January 31, 2020

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 January 31, 2020

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

1,000,000 shares

41,641,961 shares Year ended January 31, 2019

41,642,000 shares

Average number of shares during the period
Year ended January 31, 20202

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

As of January 31, 2020

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade

6,456,014
245,978

8,186,097
292,670

Advance payments - trade
Prepaid expenses

106,32627,139

129,714
31,127

Accounts receivable - other
Deferred tax assets

66,687
111,534

7,516
–

Other
Allowance for doubtful accounts

918(4,407)753–

7,010,192

8,647,879

Buildings, net
Tools, furniture and fixtures, net

47,47818,11745,663
16,236

Total property, plant and equipment

65,59561,8998,386

11,711

18

18

8,405

11,730Investment securities
Shares of subsidiaries and associates

575
104

575
104

Leasehold and guarantee deposits
Long-term prepaid expenses

58,751–

63,826
12,487

Deferred tax assets

7,728

36,980Total current assets
Non-current assets
Property, plant and equipment

Intangible assets
Software
Other
Total intangible assets
Investments and other assets

Total investments and other assets

67,158113,972

141,159

187,6037,151,352

8,835,482

Accounts payable - otherAccrued expenses

182,826
43,931

188,562
1,383

Income taxes payable
Accrued consumption taxes

608,251
63,095415,164
90,312

Deposits received
Provision for point card certificates

676,584
42,500712,680
29,194

Total non-current assets
Total assets
Liabilities
Current liabilitiesOther
Total current liabilities

7,099

10,5181,624,290

1,447,815

15,58715,753

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

3

15,58715,753

1,639,877

1,463,569

(Thousands of yen)
As of January 31, 2019

As of January 31, 2020

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

7,014,241

Total retained earnings

Retained earnings

5,153,702

7,014,241

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

Total shareholders' equity

5,511,699

7,372,189

Deferred gains or losses on hedges

(523)

(276)

Total valuation and translation adjustments

(523)

(276)

297

–

5,511,474

7,371,913

7,151,352

8,835,482

Valuation and translation adjustments

Share acquisition rights
Total net assets
Total liabilities and net assets

4Non-consolidated statements of income(Thousands of yen)
Fiscal year ended

Fiscal year ended

January 31, 2019

January 31, 2020

Net sales
Cost of sales

5,283,572
915,323

6,097,281
1,106,723

Gross profit

4,368,248

4,990,557

Selling, general and administrative expenses

2,224,428

2,297,983

Operating profit

2,143,820

2,692,574

Interest income
Gain on reversal of deposits received

156
–

159
10,623

Interest on refund
Other

423
26–
132

Total non-operating income

606

10,915636

2,022––

3,008
16,497

Non-operating income

Non-operating expenses
Foreign exchange losses
Loss on valuation of investment securities
Going public expenses
Miscellaneous loss
Total non-operating expenses
Ordinary profit

–

261

636

21,7902,143,789

2,681,698

Extraordinary income
Reversal of allowance for doubtful accounts

–

4,046

Gain on sales of non-current assets
Gain on reversal of share acquisition rights

–
–

154
297

Total extraordinary income

–

4,498

Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Loss on valuation of shares of subsidiaries and associates
Provision of allowance for doubtful accounts
Total extraordinary losses

–95–
1770
–

1,234

–

1,235

865

2,142,554

2,685,332

Income taxes - current

704,169

742,620

Income taxes - deferred(97,631)

82,173

Profit before income taxes

Total income taxes
Profit5

606,537

824,793

1,536,017

1,860,539

Non-consolidated statements of changes in equity
Fiscal year ended January 31, 2019
(Thousands of yen)
Shareholders' equity
Capital surplus

Retained earnings

Capital stock Legal capital Other capital Total capitalsurplussurplussurplus

Balance at beginningof current period

381,903

321,10370,371

391,474

Other
retainedearnings

Total
shareholders'equity

Total
retainedearnings

Treasuryshares3,617,685

3,617,685(415,380)

1,536,017

1,536,017

Retainedearnings
brought
forward3,975,682

Changes of items
during period
Profit

1,536,017

Purchase oftreasury shares
Net changes ofitems other thanshareholders' equity–

Total changes of items
during period
Balance at end ofcurrent period

–

––

–

1,536,017

1,536,017–

1,536,017

381,903

321,10370,371

391,474

5,153,702

5,153,702(415,380)

5,511,699

Shareacquisitionrights

Total net
assets297

3,974,798

Valuation and translation
adjustments
Deferred
gains orlosses onhedgesBalance at beginningof current period(1,181)

Totalvaluation andtranslation
adjustments(1,181)

Changes of items
during period
Profit

1,536,017

Purchase oftreasury shares
Net changes of
items other thanshareholders' equity

658

658

Total changes of items
during period

658

658

–

1,536,675

Balance at end ofcurrent period

(523)

(523)

297

5,511,474

658

6Fiscal year ended January 31, 2020
(Thousands of yen)
Shareholders' equity
Capital surplus

Retained earnings

Capital stock Legal capital Other capital Total capitalsurplussurplussurplus

Balance at beginningof current period

381,903

321,10370,371

391,474

Other
retainedearnings

Total
retainedearnings

Treasuryshares5,153,702

5,153,702(415,380)

1,860,539

1,860,539

Retainedearnings
brought
forwardTotal
shareholders'equity5,511,699

Changes of items
during period
ProfitPurchase oftreasury shares

1,860,539(49)

Net changes ofitems other thanshareholders' equity–

Total changes of items
during periodBalance at end ofcurrent period––––

1,860,539

1,860,539(49)

1,860,490

381,903

321,10370,371

391,474

7,014,241

7,014,241(415,429)

7,372,189

ShareacquisitionrightsTotal net
assets297

5,511,474

Valuation and translation
adjustments
Deferred
gains orlosses onhedgesBalance at beginningof current period

(49)

(523)

Totalvaluation andtranslation
adjustments(523)

Changes of items
during period
Profit

1,860,539

Purchase oftreasury shares(49)

Net changes ofitems other thanshareholders' equity

247

247

(297)

(50)

Total changes of items
during period

247

247

(297)

1,860,440

Balance at end ofcurrent period

(276)

(276)

–

7,371,913

7

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

Cash flows from operating activities
Profit before income taxes

Fiscal year ended

Fiscal year ended

January 31, 2019

January 31, 2020

2,142,554

2,685,332

Depreciation
Increase (decrease) in allowance for doubtful accounts

15,331(181,174)

16,197(4,407)

Increase (decrease) in provision for point card certificatesInterest and dividend income(10,145)(156)(13,306)(159)

Foreign exchange losses (gains)
Decrease (increase) in notes and accounts receivable - trade(9)(44,190)(89)(46,691)

Decrease (increase) in inventories
Increase (decrease) in accounts payable - other230
20,262–
5,735

Increase (decrease) in deposits received
Other, net

249,214502,738

36,096
6,688

2,694,655

2,685,396

156(83,475)

159(931,536)

2,611,335

1,754,019(9,215)(8,105)––(8,586)(5,074)

Other, net(2,370)(2,880)Net cash provided by (used in) investing activities(11,586)(24,648)

Purchase of treasury shares–(49)

Net cash provided by (used in) financing activities–(49)

SubtotalInterest and dividend income received
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Payments for leasehold and guarantee deposits

Cash flows from financing activities

Effect of exchange rate change on cash and cash equivalents

39760

Net increase (decrease) in cash and cash equivalents

2,599,789

1,730,082

Cash and cash equivalents at beginning of period

3,856,224

6,456,014

Cash and cash equivalents at end of period

6,456,014

8,186,097

8