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, 2024
(Based on Japanese GAAP)
March 14, 2024
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 KANEDATEL03-6894-3665

April 25, 2024

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

April 25, 2024
April 26, 2024

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, 2024 (from February 1, 2023 to January 31, 2024)(1) Non-consolidated operating resultsPercentages indicate year-on-year changes
Net salesYear ended January 31, 2024
Year ended January 31, 2023

Millions of yen
6,203
6,868

Operating profit% Millions of yen(9.7)
999
–
1,136

Diluted earnings pershare
Yen
Yen
21.12
–
17.48
–

Earnings per share
Year ended January 31, 2024
Year ended January 31, 2023

Ordinary profit% Millions of yen(12.1)
1,019
–
1,143
Profit/equity

Profit% Millions of yen(10.8)
838
–
712

%
17.7
–

Ordinary profit/total Operating profit/net
assetssales%%%
8.1
7.9
16.1
6.8
8.7
16.6(2) Non-consolidated financial position
Total assets
As of January 31, 2024
As of January 31, 2023

Net assets

Equity ratio

Millions of yen
13,225
12,684

Millions of yen
10,525
10,145

Cash flows fromoperating activities
Millions of yen
1,842
(322)

Cash flows frominvesting activities
Millions of yen(1,149)(785)

Net assets per share%
79.3
79.7

Yen
264.26253.77(3) Non-consolidated cash flows

Year ended January 31, 2024
Year ended January 31, 2023

Cash flows from
Cash and cash equivalents
at end of period
financing activities
Millions of yen
Millions of yen(480)
10,529(1,422)
10,315

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

Year ended January 31, 2023
Year ended January 31, 2024
Year ending January 31, 2025
(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

398
396

55.9
47.3

3.9
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:

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, 2024

42,642,000 shares As of January 31, 2023

42,642,000 shares

Number of treasury shares at the end of the period
As of January 31, 2024

2,969,340 shares As of January 31, 2023

2,828,940 shares

39,678,570 shares Year ended January 31, 2023

40,755,811 shares

Average number of shares during the period
Year ended January 31, 20242

Non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of January 31, 2023

As of January 31, 2024

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade

10,315,637
293,229

10,729,231
246,574Merchandise
Supplies

39,36242,020–47,312

Advance payments to suppliers
Prepaid expenses

42,715
101,581

44,36671,426

Accounts receivable - otherDeposits paid

107,224
491,831

131,344–

Income taxes refund receivable
Consumption taxes refund receivable

142,145
89,279

–
–

370

389

11,665,398

11,270,646

Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings, net

41,83539,815Tools, furniture and fixtures, net

20,23729,270Total property, plant and equipment

62,07369,085

Software
Other

6,288
18

4,415
18Total intangible assets

6,306

4,433

Investments and other assets
Investment securities

Intangible assets

547,865

1,457,752

Shares of subsidiaries and associates
Leasehold and guarantee deposits

285,896
38,627

327,053
38,627Long-term prepaid expenses
Deferred tax assets

23,50155,086

7,561
50,038

Total investments and other assets

950,976

1,881,033

1,019,356

1,954,553

12,684,755

13,225,199

Current liabilities
Accounts payable - other391,931319,680

Accrued expenses
Income taxes payable

4,360–5,363
193,712–2,080,522

45,0552,072,297

10,294
43,822

13,613
41,1172,530,929

2,690,842

Non-current liabilities
Asset retirement obligations

8,349

8,443

Total non-current liabilities

8,349

8,443

2,539,279

2,699,285

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, 2023

As of January 31, 2024

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

10,746,507

11,186,742

Total retained earnings

10,746,507

11,186,742

Treasury shares(1,424,689)(1,506,959)

Total shareholders' equity

10,095,195

10,453,160

Valuation difference on available-for-sale securities

8,319

30,791

Total valuation and translation adjustments

8,319

30,791Retained earnings

Valuation and translation adjustments

Share acquisition rights
Total net assets
Total liabilities and net assets

441,961

41,961

10,145,475

10,525,913

12,684,755

13,225,199

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

Fiscal year ended

January 31, 2023

January 31, 2024

Net sales
Cost of sales

6,868,805
1,416,916

6,203,762
1,341,601

Gross profit

5,451,888

4,862,160

Selling, general and administrative expenses

4,315,079

3,862,653

Operating profit

1,136,808

999,507

Interest income
Foreign exchange gains

118
2,459494–

Gain on reversal of deposits received
Subsidy income

9,589
3,118

22,390
1,495

–
965

994
8,036

16,25033,411Non-operating income

Interest on tax refund
Other
Total non-operating income
Non-operating expenses
Foreign exchange losses

–

8,950

Share issuance costs
Commission expenses

120
2,008

–
174

Loss on investments in investment partnerships
Miscellaneous losses

3,677
4,161

3,801
238

Total non-operating expenses

9,967

13,164

1,143,091

1,019,753

24
4,060

395
–

–

134,646

4,084

135,042

–
–

40
140

Loss on valuation of investment securities
Loss on valuation of goods

146,535
6,775

–
210

Total extraordinary losses

153,310

391

Profit before income taxes

993,865

1,154,404

Income taxes - current
Income taxes - deferred

293,609(12,317)

320,911(4,873)

Total income taxes

281,291

316,038

Profit712,574

838,365

Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on reversal of share acquisition rights
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on retirement of non-current assets5

Non-consolidated statements of changes in equity
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

Other
retainedearnings
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––––

296,154

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

381,903

321,10370,371

391,474

10,746,507

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

10,095,195

ShareacquisitionrightsTotal net
assets40,51910,858,982

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

20

20

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 in
items other thanshareholders' equity

8,298

8,298

1,441

9,740

Total changes during
period8,298

8,2981,441(703,364)

Balance at end ofperiod

8,319

8,319

41,961

10,145,475

6

Fiscal year ended January 31, 2024
(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
Retainedearnings
brought
forward

Total retained
earnings

TreasurysharesTotalshareholders'equity(1,424,689)

10,095,195

10,746,507

10,746,507

Dividends ofsurplus(398,130)(398,130)(398,130)

Profit838,365

838,365

838,365

Changes during period

Purchase oftreasury shares(82,269)(82,269)

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

440,234

440,234(82,269)

357,965

381,903

321,10370,371

391,474

11,186,742

11,186,742(1,506,959)

10,453,160

ShareacquisitionrightsTotal net
assets41,961

10,145,475

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

8,319

8,319

Changes during period
Dividends ofsurplus(398,130)

Profit838,365

Purchase oftreasury shares(82,269)

Net changes in
items other thanshareholders' equity

22,472

22,472

Total changes during
period22,472

22,472–

380,438

Balance at end of
period30,79130,791

41,961

10,525,913

22,472

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, 2023

January 31, 2024

993,865

1,154,404

Depreciation
Increase (decrease) in provision for point card certificates

20,747(5,592)

21,9603,319Interest and dividend income
Loss (gain) on valuation of investment securities(118)
146,535

(494)
–

3,677
(991)

3,801
(1,125)

––

(355)
140

Gain on reversal of share acquisition rights
Decrease (increase) in trade receivables(4,060)27,172–
46,654

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

34,069(72,250)

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

71,549(491,831)(8,224)
491,831

Increase (decrease) in Contract liabilities
Other, net(3,940)(310,697)(2,740)170,540

Subtotal

522,223

1,841,532

Interest and dividends received
Income taxes paid

118
(845,106)494
355

Net cash provided by (used in) operating activities(322,765)

1,842,381

Loss (gain) on investments in investment partnerships
Foreign exchange losses (gains)
Loss (gain) on sale of non-current assets
Loss on retirement of non-current assets

Cash flows from investing activities
Payments into time deposits–(200,000)

Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment(26,427)–(24,652)
561

Purchase of intangible assets
Purchase of investment securities(3,425)(749,143)(2,794)(894,265)–(6,351)

12,969–Proceeds from refund of leasehold and guarantee deposits
Purchase of shares of subsidiaries and associates

60––(41,157)

Other, net

24–(785,261)(1,149,338)(1,011,267)
5,502(82,444)–(416,419)(398,130)(1,422,185)(480,575)

Refund of investment partnerships
Payments of leasehold and guarantee deposits

Net cash provided by (used in) investing activities
Cash flows from financing activities
Purchase of treasury shares
Proceeds from issuance of share acquisition rights
Dividends paid
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents

991

1,125

Net increase (decrease) in cash and cash equivalents(2,529,221)

213,594

Cash and cash equivalents at beginning of period

12,844,859

10,315,637

Cash and cash equivalents at end of period

10,315,637

10,529,2318