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, 2023
(Based on Japanese GAAP)
March 16, 2023
Company name:Enigmo Inc.

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

URL

https://enigmo.co.jp/

Representative Director, CEO
Executive Officer,

Shokei SUDA

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

Yoichi KANEDA

TEL

03-6894-3665

April 27, 2023

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

April 27, 2023
April 28, 2023

Preparation of supplementary material on financial results:
Holding of financial results meeting:YesNo(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the year ended January 31, 2023 (from February 1, 2022 to January 31, 2023)(1) Non-consolidated operating resultsPercentages indicate year-on-year changes
Net salesYear ended January 31, 2023
Year ended January 31, 2022

Millions of yen
6,868
7,616

Operating profit%–
7.6

Millions of yen
1,136
2,971

Diluted earnings pershare
Yen
Yen
17.48
–
49.35
49.32

Earnings per share
Year ended January 31, 2023
Year ended January 31, 2022

Ordinary profit% Millions of yen
–
1,143
(2.0)
2,979

Profit% Millions of yen
–712
(1.7)
2,055

%–
(2.1)

Ordinary profit/total Operating profit/net
assetssales%%%
6.8
8.7
16.6
20.5
22.639.0

Profit/equity(2) Non-consolidated financial position
Total assets
As of January 31, 2023
As of January 31, 2022

Net assets

Equity ratio

Millions of yen
12,684
13,676

Millions of yen
10,145
10,858Cash flows fromoperating activities
Millions of yen
(322)
1,509

Cash flows frominvesting activities
Millions of yen
(785)
(56)

Net assets per share%
79.7
79.1

Yen
253.77259.80(3) Non-consolidated cash flows

Year ended January 31, 2023
Year ended January 31, 2022

Cash flows from
Cash and cash equivalents
at end of period
financing activities
Millions of yen
Millions of yen(1,422)
10,315(416)12,844

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

Year ended January 31, 2022
Year ended January 31, 2023
Year ending January 31, 2024
(Forecast)

Total cash
dividends (Total)

Total

Dividend payout
ratio (Nonconsolidated)

Ratio of dividends
to net assets (Nonconsolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen%%

––

0.00
0.00

––

10.00
10.00

10.00
10.00

416
398

20.3
55.93.8
3.9–––––

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:

NoNo

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, 2023

42,642,000 shares As of January 31, 2022

42,642,000 shares

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

2,828,940 shares As of January 31, 2022

1,000,040 shares

40,755,811 shares Year ended January 31, 2022

41,641,960 shares

Average number of shares during the period
Year ended January 31, 2023

2

Non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of January 31, 2022

As of January 31, 2023

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade

12,844,859
320,402

10,315,637
293,229

Merchandise
Supplies

8,060
4,533

39,36242,020

Advance payments to suppliers
Prepaid expenses

32,52542,40942,715
101,581

Accounts receivable - otherDeposits paid

58,232–

107,224
491,831––

142,145
89,2791,873

370

13,312,897

11,665,398

Income taxes refund receivable
Consumption taxes refund receivable
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings, net

27,88941,835Tools, furniture and fixtures, net

18,62020,237

Total property, plant and equipment

46,50962,073Software
Other

11,711
18

6,288
18

Total intangible assets

11,7306,306Investments and other assets
Investment securities

Intangible assets

222,764

547,865

Shares of subsidiaries and associates
Leasehold and guarantee deposits

104
32,336285,896
38,627Long-term prepaid expenses
Deferred tax assets

3,327
46,431

23,50155,086

Total investments and other assets

304,964

950,976363,203

1,019,356

13,676,101

12,684,755

Current liabilities
Accounts payable - other

247,234

391,931

Accrued expenses
Income taxes payable

4,297
429,404

4,360–

64,2352,008,973–
2,080,522

44,151
11,593

10,294
43,8222,809,889

2,530,929

Non-current liabilities
Asset retirement obligations

7,228

8,349

Total non-current liabilities

7,228

8,349

2,817,118

2,539,279

Total non-current assets
Total assets
Liabilities

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

Total liabilities3

(Thousands of yen)
As of January 31, 2022

As of January 31, 2023

Net assets
Shareholders' equity
Share capital381,903

381,903

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

10,460,495

10,746,507

Total retained earnings

10,460,495

10,746,507(415,429)(1,424,689)

10,818,443

10,095,195

Valuation difference on available-for-sale securities

20

8,319

Total valuation and translation adjustments

20

8,319

Retained earnings

Treasury shares
Total shareholders' equity
Valuation and translation adjustments

Share acquisition rights
Total net assets
Total liabilities and net assets

440,519

41,961

10,858,982

10,145,475

13,676,101

12,684,755

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

Fiscal year ended

January 31, 2022

January 31, 2023

Net sales
Cost of sales

7,616,747
1,472,946

6,868,805
1,416,916

Gross profit

6,143,800

5,451,888

Selling, general and administrative expenses

3,172,582

4,315,079

Operating profit

2,971,217

1,136,808

Interest income
Foreign exchange gains

105
21,048118
2,459

Gain on reversal of deposits received
Subsidy income

2,292
2,420

9,589
3,118

Other

1,325

965

Total non-operating income

27,191

16,250Share issuance costs
Loss on valuation of investment securities

–
3,000

120
–

Commission expenses
Loss on investments in investment partnerships

–
6,682

2,008
3,677

loss on liquidation of account receivable
Miscellaneous losses

9,002
643

–
4,161

Total non-operating expenses

19,3299,967

2,979,078

1,143,091

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

––

24
4,060

Total extraordinary income

–

4,084

Extraordinary losses
Loss on sale of non-current assets

55–

32,540––146,535

Loss on valuation of goods

–

6,775

Total extraordinary losses

32,595

153,3102,946,483

993,865

881,529

293,609

Non-operating income

Non-operating expenses

Ordinary profit
Extraordinary income

Loss on retirement of non-current assets
Loss on valuation of investment securities

Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit5

9,754(12,317)891,284

281,291

2,055,198712,574

Non-consolidated statements of changes in equity
Fiscal year ended January 31, 2022
(Thousands of yen)
Shareholders' equity
Capital surplus

Retained earnings
Otherretainedearnings

Total
shareholders'equityTotal
retainedearnings

Treasuryshares8,821,715

8,821,715(415,429)

Dividends ofsurplus(416,419)(416,419)(416,419)

Profit2,055,198

2,055,198

2,055,198

Share capital Legal capital Other capital Total capitalsurplussurplussurplus

Balance at beginningof period

381,903

321,10370,371

391,474Retainedearnings
brought
forward9,179,664

Changes during period

Net changes initems other thanshareholders' equity
Total changes during
periodBalance at end ofperiod––––

1,638,779

1,638,779–

1,638,779

381,903

321,10370,371

391,474

10,460,495

10,460,495(415,429)

10,818,443

Valuation and translation adjustments

Balance at beginningof period

Valuationdifference on
available-forsale
securities

Deferred
gains orlosses onhedgesTotalvaluation andtranslation
adjustments

ShareacquisitionrightsTotal net
assets

(160)

554

394

40,5199,220,577

Changes during period
Dividends ofsurplus(416,419)

Profit2,055,198

Net changes initems other thanshareholders' equity

180(554)

(374)

–

(374)

Total changes during
period180(554)(374)–

1,638,405

Balance at end ofperiod

20

–

20

40,51910,858,982

6

Fiscal year ended January 31, 2023
(Thousands of yen)
Shareholders' equity
Capital surplus

Retained earnings

Share capital Legal capital Other capital Total capitalsurplussurplussurplus

Balance at beginningof period

381,903

321,10370,371

391,474

Otherretainedearnings
Retainedearnings
brought
forward

Total retained
earnings

TreasurysharesTotalshareholders'equity(415,429)

10,818,443

10,460,495

10,460,495(10,142)(10,142)

10,450,352

10,450,352

Dividends ofsurplus(416,419)(416,419)(416,419)

Profit712,574

712,574

712,574

Cumulative effects
of changes inaccounting policies
Restated balance

381,903

321,10370,371

391,474(10,142)(415,429)

10,808,300

Changes during period

Purchase oftreasury shares(1,009,259)(1,009,259)

Net changes in
items other thanshareholders' equity
Total changes during
periodBalance at end ofperiod

381,903

321,103

Valuation and translation
adjustments
Valuation
Totaldifference on valuation andavailable-for- translation
sale securities adjustments
Balance at beginningof period

20

20

70,371

391,474

Share
acquisitionrightsTotal net
assets40,51910,858,982

Cumulative effects
of changes inaccounting policies
Restated balance(10,142)
20

20

40,51910,848,840

Changes during period
Dividends ofsurplus(416,419)

Profit712,574

Purchase oftreasury shares(1,009,259)

Net changes initems other thanshareholders' equity

8,298

8,298

1,441

9,740

Total changes during
period

8,298

8,298

1,441

(703,364)

Balance at end ofperiod

8,319

8,319

41,961

10,145,475

7296,154

296,154(1,009,259)(713,105)

10,746,507

10,746,507(1,424,689)

10,095,195

Non-consolidated statements of cash flows(Thousands of yen)
Fiscal year ended

Fiscal year ended

January 31, 2022

January 31, 2023

Cash flows from operating activities
Profit before income taxes

2,946,483

993,865

Depreciation
Share-based payment expenses

23,837–

20,747–

Increase (decrease) in provision for point card certificatesInterest and dividend income

10,851(105)(5,592)(118)

Loss (gain) on valuation of investment securities
Loss (gain) on investments in investment partnerships

3,000
6,682

146,535
3,677

Foreign exchange losses (gains)
Loss on retirement of non-current assets(723)
32,540(991)–

Gain on reversal of share acquisition rights
Decrease (increase) in trade receivables–
11,541(4,060)27,172

Decrease (increase) in inventories
Increase (decrease) in accounts payable - other(2,461)(114,980)(68,788)
144,696

Increase (decrease) in deposits received
Decrease (increase) in deposits paid

(264,510)–

71,549(491,831)

Increase (decrease) in Contract liabilities
Other, net–
(31,191)(3,940)(310,697)

Subtotal

2,620,965

522,223

Interest and dividends received
Income taxes paid

105
(1,111,823)

118(845,106)

Net cash provided by (used in) operating activities

1,509,247(322,765)

Cash flows from investing activities
Purchase of property, plant and equipment(27,844)(26,427)

Payments for retirement of property, plant and equipment
Purchase of intangible assets(2,528)(5,000)–(3,425)

Payments for asset retirement obligations
Purchase of investment securities(13,800)(38,846)–(749,143)

Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee deposits–
31,484(6,351)60

Other, net
Net cash provided by (used in) investing activities

118

24

(56,417)(785,261)––(1,011,267)
5,502

Cash flows from financing activities
Purchase of treasury shares
Proceeds from issuance of share acquisition rights
Dividends paid

(416,419)(416,419)

Net cash provided by (used in) financing activities(416,419)(1,422,185)

Effect of exchange rate change on cash and cash equivalents

723

991

Net increase (decrease) in cash and cash equivalents

1,037,133(2,529,221)

Cash and cash equivalents at beginning of period

11,807,725

12,844,859

Cash and cash equivalents at end of period

12,844,859

10,315,637

8