Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Consolidated Financial Results
for the Nine Months Ended October 31, 2024 [Japanese GAAP]
June 30, 2025
Company name: ACCESS CO., LTD. Listing: Tokyo Stock Exchange Securities code: 4813
URL: https://www.access-company.com
Representative: Kiyoyasu Oishi, Representative Director, President & CEO
Inquiries: Mitsuhiro Okada Executive Officer, CFO, VP of Corporate Administration Unit Telephone: +81-3-6853-9088
Scheduled date to commence dividend payments: -
Preparation of supplementary material on financial results: None Holding of financial results briefing: None
(Yen amounts are rounded down to millions, unless otherwise noted.)
Consolidated Financial Results for the Nine Months Ended October 31, 2024 (February 1, 2024 to October 31, 2024)
Consolidated Operating Results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Nine months ended
October 31, 2024
October 31, 2023
Millions of yen
10,789
10,725
%
0.6
25.7
Millions of yen
(1,414)
(2,186)
%
-
-
Millions of yen
(1,349)
(2,079)
%
-
-
Millions of yen
(1,641)
(2,172)
%
-
-
(Note) Comprehensive income:
Nine months ended October 31, 2024:
¥
(1,824) million [
-%]
Nine months ended October 31, 2023:
¥
(1,679) million [
-%]
Basic earnings per share
Diluted earnings per share
Nine months ended
Yen
Yen
October 31, 2024
(43.65)
-
October 31, 2023
(57.91)
-
Consolidated Financial Position
Total assets
Net assets
Capital adequacy ratio
As of
October 31, 2024
January 31, 2024
Millions of yen
20,881
20,319
Millions of yen
13,534
15,121
%
64.6
74.2
(Reference) Equity: As of October 31, 2024:
¥
13,495 million
As of January 31, 2024:
¥
15,082 million
Dividends
Annual dividends
1st quarter-end
2nd quarter-end
3rd quarter-end
Year-end
Total
Fiscal year ended January 31, 2024
Fiscal year ending January 31, 2025
Yen
-
-
Yen
0.00
0.00
Yen
-
-
Yen
0.00
Yen
0.00
Fiscal year ending January 31, 2025
(Forecast)
0.00
0.00
(Note) Revision to the forecast for dividends announced most recently: None
(Note) Breakdown of the 3rd quarter dividend for the fiscal year ending January 31, 2025 : Commemorative dividend - yen
Special dividend - yen
Consolidated Financial Results Forecast for the Fiscal Year Ending January 31, 2025(February 1, 2024 to January 31, 2025)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Full year | Millions of yen - | % - | Millions of yen - | % - | Millions of yen - | % - | Millions of yen - | % - | Yen - |
(Note) Revision to the financial results forecast announced most recently: | None | |
* Notes: (1) Significant changes in the scope of consolidation during the period: | None | |
Newly included: - (Company name: | ) | |
Excluded: - (Company name: | ) |
Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: None
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares): October 31, 2024: 39,962,100 shares
January 31, 2024: 39,806,000 shares
Number of treasury shares at the end of the period:
October 31, 2024: 2,353,370 shares
January 31, 2024: 2,212,255 shares
Average number of shares outstanding during the period:
Nine months ended October 31, 2024: 37,611,055 shares
Nine months ended October 31, 2023: 37,521,503 shares
Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: Yes(mandatory)
Proper use of earnings forecasts, and other special matters
Quarterly Consolidated Financial Statements and Primary Notes Quarterly Consolidated Balance Sheet
(Thousands of yen)
As of January 31, 2024 As of October 31, 2024
Assets
Current assets
Cash and deposits 10,919,253 8,514,450
Notes and accounts receivable - trade, and contract assets | 5,030,705 | 5,874,936 |
Merchandise and finished goods | 115,527 | 203,378 |
Work in process | 145,178 | 168,720 |
Other | 755,650 | 1,906,888 |
Allowance for doubtful accounts | (15,084) | (49,871) |
Total current assets | 16,951,231 | 16,618,503 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 344,444 | 346,489 |
Accumulated depreciation | (233,469) | (242,093) |
Buildings and structures, net | 110,974 | 104,395 |
Tools, furniture and fixtures | 1,405,446 | 1,538,157 |
Accumulated depreciation | (1,111,915) | (1,192,453) |
Tools, furniture and fixtures, net | 293,531 | 345,703 |
Leased assets | 3,602 | 3,602 |
Accumulated depreciation | (3,482) | (3,602) |
Leased assets, net | 120 | - |
Right of use assets | 533,593 | 1,170,509 |
Accumulated depreciation | (391,016) | (482,966) |
Right of use assets, net | 142,577 | 687,543 |
Total property, plant and equipment | 547,202 | 1,137,643 |
Intangible assets | ||
Software | 1,533,309 | 1,685,583 |
Goodwill | 81,017 | 32,883 |
Total intangible assets | 1,614,326 | 1,718,466 |
Investments and other assets | ||
Investment securities | 604,071 | 632,569 |
Deferred tax assets | 244,910 | 250,656 |
Other | 458,860 | 633,532 |
Allowance for doubtful accounts | (100,630) | (110,370) |
Total investments and other assets | 1,207,210 | 1,406,387 |
Total non-current assets | 3,368,740 | 4,262,498 |
Total assets | 20,319,971 | 20,881,001 |
Liabilities
(Thousands of yen) As of January 31, 2024 As of October 31, 2024
Current liabilities
Accounts payable - trade | 552,097 | 422,440 |
Income taxes payable | 9,910 | 72,313 |
Contract liabilities | 2,148,299 | 4,126,070 |
Provision for bonuses | 226,506 | 169,211 |
Provision for loss on orders received | 67,581 | 76,419 |
Provision for share awards | 20,754 | 24,534 |
Asset retirement obligations | 1,571 | - |
Provision for loss on litigation | 5,218 | 5,295 |
Derivative liabilities | - | 21,338 |
Other | 1,651,034 | 1,163,886 |
Total current liabilities | 4,682,975 | 6,081,510 |
Non-current liabilities | ||
Deferred tax liabilities | 3,648 | 3,701 |
Retirement benefit liability | 208,455 | 214,829 |
Provision for share awards | 8,972 | 8,972 |
Asset retirement obligations | 97,810 | 98,817 |
Other | 196,230 | 938,178 |
Total non-current liabilities | 515,116 | 1,264,499 |
Total liabilities | 5,198,091 | 7,346,009 |
Net assets | ||
Shareholders' equity | ||
Share capital | 17,072,141 | 17,179,615 |
Capital surplus | 12,204,545 | 12,312,020 |
Retained earnings | (10,863,232) | (12,505,133) |
Treasury shares | (1,533,797) | (1,510,951) |
Total shareholders' equity | 16,879,656 | 15,475,550 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 63,661 | 70,551 |
Deferred gains or losses on hedges | - | (14,804) |
Foreign currency translation adjustment | (1,861,238) | (2,035,618) |
Total accumulated other comprehensive income | (1,797,577) | (1,979,872) |
Share acquisition rights | 39,312 | 39,312 |
Non-controlling interests | 487 | - |
Total net assets | 15,121,879 | 13,534,991 |
Total liabilities and net assets | 20,319,971 | 20,881,001 |
Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income For the nine months ended December 31
For the nine months ended October 31, 2023
(Thousands of yen)
For the nine months ended October 31, 2024
Net sales 10,725,792 10,789,920
Cost of sales 6,426,137 6,049,206
Gross profit 4,299,655 4,740,713
Selling, general and administrative expenses 6,485,681 6,155,028
Operating loss (2,186,025) (1,414,314)
Non-operating income
Interest income 19,767 18,876
Gain on investments in investment partnerships - 944
Share of profit of entities accounted for using equity method
39,321
46,852
Foreign exchange gains 100,639 -
Consumption taxes refund 112 -
Other 4,640 39,757
Total non-operating income 164,481 106,431 Non-operating expenses
Interest expenses 42,833 39,579
Loss on investments in investment partnerships 15,403 -
Foreign exchange losses - 1,540
Other 48 0
Total non-operating expenses 58,285 41,120
Ordinary loss (2,079,829) (1,349,003)
Extraordinary income
Gain on sale of non-current assets - 1,760
Total extraordinary income - 1,760 Extraordinary losses
Loss on retirement of non-current assets 22 334
Impairment losses - 113,352
Extra retirement payments 21,040 -
Loss on withdrawal from business - 5,910
Total extraordinary losses 21,062 119,597
Loss before income taxes (2,100,891) (1,466,839)
Income taxes - current 76,327 177,644
Income taxes - deferred (965) (2,096)
Total income taxes 75,362 175,548
Loss (2,176,254) (1,642,387)
Loss attributable to non-controlling interests (3,503) (487) Loss attributable to owners of parent (2,172,750) (1,641,900)