Casa, Inc.TSE: 7196

Summary of Consolidated Financial Results for the Six Months Ended July 31, 2021

Sep 8, 2021 at 6:31 AM UTC · Issued by Casa, Inc.

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 Consolidated Financial Results
		for the Six Months Ended July 31, 2021
		(Based on Japanese GAAP)
				September 7, 2021
Company name:	Casa Inc.
Stock exchange listing:	Tokyo
Stock code:	7196	URL https://www.casa-inc.co.jp
Representative:	President		Seigo Miyaji
Inquiries:	Director, Administration Department	Yusuke Takasugi	TEL 03-5339-1143

Scheduled date to file Quarterly Securities Report:	September 7, 2021
Preparation of supplementary material on quarterly financial results:	Yes
Holding of quarterly financial results meeting:	Yes	(for institutional investors and analysts)

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the six months ended July 31, 2021 (from February 1, 2021 to July 31, 2021)

(1) Consolidated operating results (cumulative)									Percentages indicate year-on-year changes
	Net sales				Operating profit	Ordinary profit		Profit attributable to
						owners of parent

	Millions of yen		%	Millions of yen		%	Millions of yen			%	Millions of yen		%
Six months ended July 31, 2021	5,283		5.2		532		44.3		586		47.3		354		53.1
Six months ended July 31, 2020	5,021		8.2		368		(48.1)		398		(45.7)		231		(50.2)

	Earnings per share		Diluted earnings per share
			Yen						Yen
Six months ended July 31, 2021			35.41						33.58
Six months ended July 31, 2020			22.87						21.55
(2) Consolidated financial position
	Total assets				Net assets		Equity ratio
	Millions of yen			Millions of yen					%
As of July 31, 2021		13,373						6,703				50.1
As of January 31, 2021		13,416						6,811				50.8
2. Cash dividends
						Annual dividends per share
	1st quarter-end	2nd quarter-end		3rd quarter-end	Fiscal year-end	Total
	Yen				Yen			Yen				Yen			Yen
Year ended January 31, 2021		-			0.00				-				30.00			30.00
Year ending January 31, 2022		-			0.00
Year ending January 31, 2022 (Forecast)										-				30.00			30.00

3. Forecast of 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		Operating profit	Ordinary profit	Profit attributable to	Earnings per share
		owners of parent

	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Full year	10,323	0.9	832	(19.3)	850	(22.0)	489	(19.9)	48.32

4. Notes

Changes in significant subsidiaries during the six months ended July 31, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation):
Application of special accounting methods for preparing quarterly consolidated financial statements:

(3) 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:	No
Changes in accounting policies due to other reasons:	No
Changes in accounting estimates:	No
Restatement of prior period financial statements:	No

(4) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

	As of July 31, 2021	11,082,700	shares	As of January 31, 2021	11,082,700	shares
Number of treasury shares at the end of the period
	As of July 31, 2021	1,152,746	shares	As of January 31, 2021	947,446	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Six months ended July 31, 2021	10,001,695	shares	Six months ended July 31, 2020	10,112,607	shares

Quarterly consolidated financial statements

Consolidated balance sheets

			(Thousands of yen)
		As of January 31, 2021	As of July 31, 2021
Assets
Current assets
Cash and deposits	3,177,530	2,402,561
Accounts receivable - trade	1,261,254	1,302,091
Right to reimbursement	3,927,971	3,977,582
Accounts receivable - other	778,862	1,106,325
Other	177,209	154,551
Allowance for doubtful accounts	(2,495,385)	(2,721,642)
Total current assets	6,827,443	6,221,470
Non-current assets
Property, plant and equipment	60,554	54,346
Intangible assets
Goodwill	3,317,412	3,186,461
Other	536,272	718,735
Total intangible assets	3,853,685	3,905,197
Investments and other assets
Deferred tax assets	2,381,882	2,533,712
Other	293,233	658,702
Total investments and other assets	2,675,116	3,192,414
Total non-current assets	6,589,356	7,151,958
Total assets	13,416,799	13,373,429
Liabilities
Current liabilities
Income taxes payable	466,439	426,658
Advances received	4,751,644	4,861,546
Provision for bonuses	126,605	130,095
Provision for loss on guarantees	135,396	137,854
Other	1,121,173	1,110,884
Total current liabilities	6,601,257	6,667,038
Non-current liabilities
Other	3,811	3,049
Total non-current liabilities	3,811	3,049
Total liabilities	6,605,069	6,670,087
Net assets
Shareholders' equity
Share capital	1,567,053	1,567,053
Capital surplus	1,567,053	1,567,053
Retained earnings	4,857,376	4,907,440
Treasury shares	(1,150,415)	(1,350,347)
Total shareholders' equity	6,841,068	6,691,199
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	(32,017)	9,462
Total accumulated other comprehensive income	(32,017)	9,462
Share acquisition rights	2,679	2,679
Total net assets	6,811,730	6,703,341
Total liabilities and net assets		13,416,799	13,373,429

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

			(Thousands of yen)
		Six months ended	Six months ended
		July 31, 2020	July 31, 2021
Net sales	5,021,999	5,283,807
Cost of sales	2,130,157	2,244,934
Gross profit	2,891,841	3,038,873
Selling, general and administrative expenses	2,522,939	2,506,417
Operating profit	368,901	532,455
Non-operating income
Interest income	19	21
Dividend income	402	3,426
Recoveries of written off receivables	22,720	40,230
Subsidy income	4,984	3,300
Insurance claim income	-	10,000
Other	2,773	3,492
Total non-operating income	30,901	60,470
Non-operating expenses
Commission expenses	1,418	1,739
Special survey costs	-	4,512
Total non-operating expenses	1,418	6,252
Ordinary profit	398,384	586,673
Extraordinary income
Gain on reversal of share acquisition rights	243	-
Total extraordinary income	243	-
Profit before income taxes	398,627	586,673
Income taxes - current	490,035	397,311
Income taxes - deferred	(322,653)	(164,759)
Total income taxes	167,382	232,551
Profit	231,245	354,121
Profit attributable to owners of parent		231,245	354,121

Consolidated statements of comprehensive income (cumulative)

		(Thousands of yen)
	Six months ended	Six months ended
	July 31, 2020	July 31, 2021
Profit	231,245	354,121
Other comprehensive income
Valuation difference on available-for-sale securities	(28,842)	41,480
Total other comprehensive income	(28,842)	41,480
Comprehensive income	202,402	395,601
Comprehensive income attributable to
Comprehensive income attributable to owners of parent	202,402	395,601

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