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, 2021
(Based on Japanese GAAP)
March 17, 2021
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 Operation
Scheduled date of ordinary general meeting of shareholders:

Yoichi KANEDA

TEL

03-6894-3665

April 28, 2021

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

April 28, 2021
April 30, 2021

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, 2021 (from February 1, 2020 to January 31, 2021)(1) Non-consolidated operating resultsPercentages indicate year-on-year changes
Net salesYear ended January 31, 2021
Year ended January 31, 2020

Millions of yen
7,077
6,097

Operating profit
%
16.1
15.4

Millions of yen
3,033
2,692

Diluted earnings pershare
Yen
Yen
50.41
50.38
44.68
–Earnings per share
Year ended January 31, 2021
Year ended January 31, 2020

Ordinary profit
%
12.7
25.6

Millions of yen
3,030
2,681

Profit%13.0
25.1

Millions of yen
2,098
1,860

%
12.8
21.1

Ordinary profit/total Operating profit/net
assetssales%%%
25.3
28.1
42.9
28.933.5
44.2

Profit/equity(2) Non-consolidated financial position
Total assets
As of January 31, 2021
As of January 31, 2020

Net assets

Equity ratio

Millions of yen
12,737
8,835

Millions of yen
9,220
7,371

Cash flows fromoperating activities
Millions of yen
4,134
1,754

Cash flows frominvesting activities
Millions of yen
(222)
(24)

Net assets per share%
72.1
83.4

Yen
220.45177.03(3) Non-consolidated cash flows

Year ended January 31, 2021
Year ended January 31, 2020

Cash flows from
Cash and cash equivalents
at end of period
financing activitiesMillions of yen
Millions of yen(291)
11,807(0)8,186

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

Year ended January 31, 2020
Year ended January 31, 2021
Year ending January 31, 2022
(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

–
–

7.00
10.00

7.00
10.00

291
416

15.7
19.8

4.0
4.5–––––

1–

3. Forecast of non-consolidated financial results for the year ending January 31, 2022 (from February 1, 2021 to January 31, 2022)
Percentages indicate year-on-year changes
Net sales

Full year

Millions of yen
8,139~8,846

Operating profit% Millions of yen
15.0
3,063
25.0~3,519

Ordinary profit% Millions of yen
1.0
3,060
16.0~3,519

Profit% Millions of yen
1.0
2,117
16.1~2,435

Earnings per share
%
1.0
16.0

Yen
50.85
~58.47

4. 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:
Changes in accounting policies due to other reasons:

NoNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(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, 2021

42,642,000 shares As of January 31, 2020

42,642,000 shares

Number of treasury shares at the end of the period
As of January 31, 2021

1,000,040 shares As of January 31, 2020

1,000,040 shares

41,641,960 shares Year ended January 31, 2020

41,641,961 shares

Average number of shares during the period
Year ended January 31, 2021

2

Non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of January 31, 2020

As of January 31, 2021

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade8,186,097
292,670

11,807,725
331,943

––

5,071
5,061

Advance payments - trade
Prepaid expenses

129,714
31,12761,08942,347

Accounts receivable - other
Other

7,516
753

84,6291,281

8,647,879

12,339,150

Buildings, net
Tools, furniture and fixtures, net

45,663
16,23643,38225,363

Total property, plant and equipment

61,89968,746

11,711

10,65218

18

11,73010,671

Investment securities
Shares of subsidiaries and associates

575
104

193,341
104

Leasehold and guarantee deposits
Long-term prepaid expenses

63,826
12,487

63,820
5,351

Deferred tax assets

36,98056,020

Merchandise
Supplies

Total 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

113,972

318,638

187,603

398,056

8,835,482

12,737,206

Accounts payable - otherAccrued expenses

188,562
1,383

362,214
8,094

Income taxes payable
Accrued consumption taxes

415,164
90,312

666,181
149,736

Deposits received
Asset retirement obligations

712,680–

2,273,483
13,800

Provision for point card certificates
Other

29,194
10,51833,3002,665

Total non-current assets
Total assets
Liabilities
Current liabilities

Total current liabilities

1,447,815

3,509,476

Non-current liabilities
Asset retirement obligations

15,753

7,152

Total non-current liabilities

15,753

7,152

1,463,569

3,516,629

Total liabilities3

(Thousands of yen)
As of January 31, 2020

As of January 31, 2021

Net assets
Shareholders' equity
Share capital

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 forward7,014,241

8,821,715

Total retained earnings

Retained earnings

7,014,241

8,821,715

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

Total shareholders' equity

7,372,189

9,179,664

Deferred gains or losses on hedges
Valuation difference on available-for-sale securities

(276)
–

554
(160)

Total valuation and translation adjustments

(276)

394

–

40,519Valuation and translation adjustments

Share acquisition rights
Total net assets
Total liabilities and net assets

4

7,371,913

9,220,577

8,835,482

12,737,206

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

Fiscal year ended

January 31, 2020

January 31, 2021

Net sales
Cost of sales

6,097,281
1,106,723

7,077,484
1,327,328

Gross profit

4,990,557

5,750,156

Selling, general and administrative expenses

2,297,983

2,716,938

Operating profit

2,692,574

3,033,218

159
10,623

107
1,753

Non-operating income
Interest income
Gain on reversal of deposits received
Other132

251

10,9152,113

Foreign exchange losses
Share issuance costs

2,022–

1,837
180

Loss on valuation of investment securities
Loss on investments in investment partnerships

3,008
–

–
2,617

Going public expenses
Miscellaneous loss

16,497261–
4

Total non-operating income
Non-operating expenses

Total non-operating expenses

21,7904,638

2,681,698

3,030,692

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

4,046
154

–
15

Gain on reversal of share acquisition rights
Gain on sales of investment securities

297
–

–
3,385

4,498

3,400

95

81

770

–

Ordinary profit
Extraordinary income

Total extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Total extraordinary losses

86581

2,685,332

3,034,011

Income taxes - current

742,620954,379

Income taxes - deferred

82,173(19,336)

Profit before income taxes

Total income taxes
Profit5

824,793935,043

1,860,539

2,098,968

Non-consolidated statements of changes in equity
Fiscal year ended January 31, 2020
(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

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 during period
ProfitPurchase oftreasury shares

1,860,539
(49)

(49)

Dividends ofsurplus–

Net changes in
items other thanshareholders' equity–

Total changes during
periodBalance at end ofperiod

–

–

–

–

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

Total
valuation andtranslation
adjustments

ShareacquisitionrightsTotal net
assets(523)

297

5,511,474

Valuation and translation adjustments
Valuationdifference on
available-forsale
securities
Balance at beginningof period–

Deferred
gains orlosses onhedges(523)

Changes during period
Profit

1,860,539

Purchase oftreasury shares(49)

Dividends ofsurplus–

Net changes in
items other thanshareholders' equity

247

247

(297)

(50)

Total changes during
period–

247

247

(297)

1,860,440

Balance at end ofperiod–(276)(276)–

7,371,913

6

Fiscal year ended January 31, 2021
(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

Other
retainedearnings

Total
shareholders'equityTotal
retainedearnings

Treasuryshares7,014,241

7,014,241(415,429)

2,098,968

2,098,968

Retainedearnings
brought
forward7,372,189

Changes during period
ProfitPurchase oftreasury shares

2,098,968–

Dividends ofsurplus(291,493)(291,493)(291,493)

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

–

–

–

–

–

1,807,474

1,807,474–

1,807,474

381,903

321,10370,371

391,474

8,821,715

8,821,715(415,429)

9,179,664

Totalvaluation andtranslation
adjustments

ShareacquisitionrightsTotal net
assets(276)–

7,371,913

Valuation and translation adjustments
Valuationdifference on
available-forsale
securities
Balance at beginningof period––

Deferred
gains orlosses onhedges(276)

Changes during period
Profit2,098,968

Purchase oftreasury shares–Dividends ofsurplus(291,493)

Net changes initems other thanshareholders' equity

(160)

831

670

40,51941,190Total changes duringperiod

(160)

831

670

40,5191,848,664

Balance at end ofperiod

(160)

554

394

40,5199,220,577

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, 2020January 31, 2021

2,685,332

3,034,011

Depreciation
Share-based remuneration expenses

16,197–

26,07040,186

Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for point card certificates(4,407)(13,306)–
4,106Interest and dividend income
Loss (gain) on valuation of securities

(159)
–

(107)
2,617

Foreign exchange losses (gains)
Decrease (increase) in trade receivables(89)(46,691)(261)(39,272)

Decrease (increase) in inventories
Increase (decrease) in accounts payable - other

–
5,735

(10,133)
173,652

Increase (decrease) in deposits received
Other, net

36,096
6,688

1,560,802
52,847

Subtotal

2,685,396

4,844,518

Interest and dividends received
Income taxes paid

159
(931,536)

107(710,276)

Net cash provided by (used in) operating activities

1,754,019

4,134,349

Cash flows from investing activities
Purchase of property, plant and equipment(8,105)(23,781)

Purchase of intangible assets
Purchase of investment securities(8,586)–(3,347)(195,902)

Payments of leasehold and guarantee deposits
Other, net(5,074)(2,880)5201

Net cash provided by (used in) investing activities(24,648)(222,824)

Cash flows from financing activities
Purchase of treasury shares

(49)

–

Proceeds from issuance of share acquisition rights
Dividends paid––332
(291,493)

Net cash provided by (used in) financing activities(49)(291,161)

Effect of exchange rate change on cash and cash equivalents

760

1,263

Net increase (decrease) in cash and cash equivalents

1,730,082

3,621,628

Cash and cash equivalents at beginning of period

6,456,014

8,186,097

Cash and cash equivalents at end of period

8,186,097

11,807,725

8