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, 2022
(Based on Japanese GAAP)
March 17, 2022
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, 2022

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

April 28, 2022
May 2, 2022

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, 2022 (from February 1, 2021 to January 31, 2022)(1) Non-consolidated operating resultsPercentages indicate year-on-year changes
Net salesYear ended January 31, 2022
Year ended January 31, 2021

Millions of yen
7,616
7,077

Operating profit
%
7.6
16.1

Millions of yen
2,971
3,033

Diluted earnings pershare
Yen
Yen
49.35
49.32
50.41
50.38

Earnings per share
Year ended January 31, 2022
Year ended January 31, 2021

Ordinary profit% Millions of yen
(2.0)
2,979
12.7
3,030

Profit% Millions of yen
(1.7)
2,055
13.0
2,098%(2.1)
12.8

Ordinary profit/total Operating profit/net
assetssales%%%
20.5
22.639.0
25.3
28.1
42.9

Profit/equity(2) Non-consolidated financial position
Total assets
As of January 31, 2022
As of January 31, 2021

Net assets

Equity ratio

Millions of yen
13,676
12,737

Millions of yen
10,858
9,220

Cash flows fromoperating activities
Millions of yen
1,509
4,134

Cash flows frominvesting activities
Millions of yen
(56)
(222)

Net assets per share%
79.1
72.1

Yen
259.80220.45(3) Non-consolidated cash flows

Year ended January 31, 2022
Year ended January 31, 2021

Cash flows from
Cash and cash equivalents
at end of periodfinancing activities
Millions of yen
Millions of yen(416)12,844(291)
11,807

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

Year ended January 31, 2021
Year ended January 31, 2022
Year ending January 31, 2023
(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

41641619.8
20.3

4.5
3.8–––––

1–

3. Notes(1) 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(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, 202242,642,000 shares As of January 31, 2021

42,642,000 shares

Number of treasury shares at the end of the period
As of January 31, 2022

1,000,040 shares As of January 31, 2021

1,000,040 shares

41,641,960 shares Year ended January 31, 2021

41,641,960 shares

Average number of shares during the period
Year ended January 31, 20222

Non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of January 31, 2021

As of January 31, 2022

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade

11,807,725
331,943

12,844,859
320,402

Merchandise
Supplies

5,071
5,061

8,060
4,533

Advance payments to suppliers
Prepaid expenses

61,08942,34732,52542,409Accounts receivable - other
Other

84,6291,281

58,232
1,873

12,339,150

13,312,897

Buildings, net
Tools, furniture and fixtures, net

43,38225,363

27,88918,620Total property, plant and equipment

68,74646,50910,652

11,71118

18

10,671

11,730Investment securities
Shares of subsidiaries and associates

193,341104

222,764
104

Leasehold and guarantee deposits
Long-term prepaid expenses

63,8205,351

32,336
3,327

Deferred tax assets

56,02046,431

Total investments and other assets

318,638

304,964

398,056

363,203

12,737,206

13,676,101

Accounts payable - otherAccrued expenses

362,2148,094

247,234
4,297

Income taxes payable
Accrued consumption taxes

666,181
149,736

429,404
64,235

Deposits received
Asset retirement obligations

2,273,483
13,8002,008,973–

33,3002,665

44,151
11,5933,509,476

2,809,889

7,152

7,228

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

Intangible assets
Software
Other
Total intangible assets
Investments and other assets

Total non-current assets
Total assets
Liabilities
Current liabilities

Provision for point card certificates
Other
Total current liabilities
Non-current liabilities
Asset retirement obligations
Total non-current liabilities
Total liabilities

3

7,152

7,228

3,516,629

2,817,118

(Thousands of yen)
As of January 31, 2021

As of January 31, 2022

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 surplus

391,474

391,474

Other retained earnings
Retained earnings brought forward

8,821,715

10,460,495

Total retained earnings

8,821,715

10,460,495

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

Total shareholders' equity

9,179,664

10,818,443

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

(160)
554

20
–

Total valuation and translation adjustments

394

20

40,51940,5199,220,577

10,858,982

12,737,206

13,676,101

Retained earnings

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, 2021

January 31, 2022

Net sales
Cost of sales

7,077,484
1,327,328

7,616,747
1,472,946

Gross profit

5,750,156

6,143,800

Selling, general and administrative expenses

2,716,938

3,172,582

Operating profit

3,033,218

2,971,217

107
–

105
21,048

1,753
–

2,292
2,420

251

1,325

2,113

27,191

Foreign exchange losses
Share issuance costs

1,837
180

–
–

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

–
2,617

3,000
6,682

–
4

9,002
643

4,638

19,3293,030,692

2,979,078

Gain on sale of non-current assets
Gain on sale of investment securities

15
3,385

–
–

Total extraordinary income

3,400

–

Extraordinary losses
Loss on sale of non-current assets

81

55

Loss on retirement of non-current assets–

32,540Total extraordinary losses

81

32,5953,034,011

2,946,483

954,379

881,529

Non-operating income
Interest income
Foreign exchange gains
Gain on reversal of deposits received
Subsidy income
Other
Total non-operating income
Non-operating expenses

loss on liquidation of account receivable
Miscellaneous losses
Total non-operating expenses
Ordinary profit
Extraordinary income

Profit before income taxes
Income taxes - current
Income taxes - deferred(19,336)

9,754

Total income taxes

935,043

891,284

2,098,968

2,055,198

Profit5

Non-consolidated statements of changes in equity
Fiscal year ended January 31, 2021
(Thousands of yen)
Shareholders' equity
Capital surplus

Retained earnings
Otherretainedearnings

Total
shareholders'equityTotal
retainedearnings

Treasuryshares7,014,241

7,014,241(415,429)

Profit2,098,968

2,098,968

2,098,968

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

Share capital Legal capital Other capital Total capitalsurplussurplussurplus

Balance at beginningof period

381,903

321,10370,371

391,474Retainedearnings
brought
forward7,372,189

Changes during period

Purchase oftreasury shares–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

Dividends ofsurplus(291,493)

Purchase oftreasury shares–

Net changes in
items 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

6

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)

Profit2,055,198

2,055,198

2,055,198

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

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

Purchase oftreasury shares–

Net changes in
items 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-forsalesecurities

Deferred
gains orlosses onhedgesTotalvaluation andtranslation
adjustments

ShareacquisitionrightsTotal net
assets

(160)

554

394

40,5199,220,577

Changes during period
Profit2,055,198

Dividends ofsurplus(416,419)

Purchase oftreasury shares–

Net changes in
items other thanshareholders' equity

180(554)

(374)

–

(374)

Total changes during
period180(554)(374)–

1,638,405

Balance at end of
period20–

20

40,51910,858,982

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

Fiscal year ended

January 31, 2021

January 31, 2022

Cash flows from operating activities
Profit before income taxes

3,034,011

2,946,483

Depreciation
Share-based payment expenses

26,07040,186

23,837–

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

4,106(107)

10,851(105)

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

–
2,617

3,000
6,682

Foreign exchange losses (gains)
Loss on retirement of non-current assets(261)–(723)
32,540Decrease (increase) in trade receivables
Decrease (increase) in inventories(39,272)(10,133)

11,541(2,461)

173,652
1,560,802(114,980)(264,510)

Increase (decrease) in accounts payable - other
Increase (decrease) in deposits received
Other, net

52,847(31,191)

Subtotal

4,844,519

2,620,965

Interest and dividends received

107

105

Income taxes paid

(710,276)(1,111,823)

Net cash provided by (used in) operating activities

4,134,350

1,509,247

Purchase of property, plant and equipment
Payments for retirement of property, plant and equipment(23,781)–(27,844)(2,528)Purchase of intangible assets
Payments for asset retirement obligations(3,347)–(5,000)(13,800)(195,902)(75)(38,846)–81
201

31,484
118(222,823)(56,417)

Cash flows from investing activities

Purchase of investment securities
Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee deposits
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from issuance of share acquisition rights

332–

Dividends paid

(291,493)(416,419)

Net cash provided by (used in) financing activities(291,160)(416,419)

Effect of exchange rate change on cash and cash equivalents

1,263

723

3,621,628

1,037,133

Cash and cash equivalents at beginning of period

8,186,097

11,807,725

Cash and cash equivalents at end of period

11,807,725

12,844,859

Net increase (decrease) in cash and cash equivalents

8