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 September 30, 2024 (Based on Japanese GAAP)
November 8, 2024 | ||||||||||||||||||
Company name: | JustSystems Corporation | |||||||||||||||||
Stock exchange listing: | Tokyo | |||||||||||||||||
Stock code: | 4686 | URL | https://www.justsystems.com/en/ | |||||||||||||||
Representative: | Kyotaro Sekinada, President & CEO | |||||||||||||||||
Inquiries: | Hiroshi Shigeta, Division Director of the Corporate Planning Div. | |||||||||||||||||
TEL: | +81-3-5324-7900 | |||||||||||||||||
Scheduled date to file Semi-annual Securities Report: | November 11, 2024 | |||||||||||||||||
Scheduled date to commence dividend payments: | December 6, 2024 | |||||||||||||||||
Preparation of supplementary material on financial results: | No | |||||||||||||||||
Holding of financial results meeting: | No | |||||||||||||||||
(Amounts less than one million yen are rounded down) | ||||||||||||||||||
1. Consolidated financial results for the six months ended September 30, 2024 (from April 1, 2024 to September 30, 2024) | ||||||||||||||||||
(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 September 30, 2024 | 22,095 | 5.3 | 9,807 | 3.1 | 9,733 | (0.5) | 6,614 | 1.0 | ||||||||||
Six months ended September 30, 2023 | 20,991 | (0.5) | 9,509 | (8.0) | 9,785 | (6.9) | 6,547 | (9.4) | ||||||||||
Earnings per share | Diluted earnings per share | |||||||||||||||||
Yen | Yen | |||||||||||||||||
Six months ended September 30, 2024 | 102.99 | - | ||||||||||||||||
Six months ended September 30, 2023 | 101.94 | - | ||||||||||||||||
(2) Consolidated financial position | ||||||||||||||||||
Total assets | Net assets | Equity ratio | ||||||||||||||||
Millions of yen | Millions of yen | % | ||||||||||||||||
As of September 30, 2024 | 118,403 | 99,917 | 84.4 | |||||||||||||||
As of March 31, 2024 | 109,099 | 94,003 | 86.2 | |||||||||||||||
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 March 31, 2024 | - | 10.00 | - | 10.00 | 20.00 | |||||||||||||
Year ending March 31, 2025 | - | 10.00 | ||||||||||||||||
Year ending March 31, 2025 (Forecast) | - | 10.00 | 20.00 |
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3. Notes | |
(1) Significant changes in the scope of consolidation during the six months ended September 30, 2024: | No |
- Application of special accounting methods for preparing semi-annual consolidated financial statements: No
- 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: | Yes |
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 September 30, 2024 | 64,224,800 | shares | As of March 31, 2024 | 64,224,800 | shares | |
Number of treasury shares at the end of the period | ||||||
As of September 30, 2024 | 919 | shares | As of March 31, 2024 | 919 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Six months ended September 30, 2024 | 64,223,881 | shares | Six months ended September 30, 2023 | 64,223,918 | shares |
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Semi-annual consolidated financial statements
Consolidated balance sheets
(Millions of yen) | ||
As of March 31, 2024 | As of September 30, 2024 | |
Assets | ||
Current assets | ||
Cash and deposits | 84,854 | 89,124 |
Notes and accounts receivable - trade | 2,606 | 2,699 |
Securities | 5,000 | 10,000 |
Merchandise and finished goods | 525 | 527 |
Raw materials and supplies | 1,298 | 1,081 |
Prepaid expenses | 2,762 | 2,716 |
Other | 1,263 | 1,234 |
Allowance for doubtful accounts | (59) | (61) |
Total current assets | 98,251 | 107,322 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 2,183 | 2,141 |
Land | 3,569 | 3,569 |
Other, net | 65 | 64 |
Total property, plant and equipment | 5,818 | 5,775 |
Intangible assets | ||
Software | 3,534 | 3,444 |
Software in progress | 436 | 694 |
Other | 0 | 0 |
Total intangible assets | 3,972 | 4,139 |
Investments and other assets | ||
Investment securities | 14 | 14 |
Other | 1,232 | 1,151 |
Allowance for doubtful accounts | (190) | - |
Total investments and other assets | 1,057 | 1,166 |
Total non-current assets | 10,848 | 11,081 |
Total assets | 109,099 | 118,403 |
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(Millions of yen) | ||
As of March 31, 2024 | As of September 30, 2024 | |
Liabilities | ||
Current liabilities | ||
Accounts payable - trade | 921 | 564 |
Accounts payable - other | 2,035 | 936 |
Income taxes payable | 2,937 | 3,415 |
Unearned revenue | 8,007 | 11,742 |
Provision for bonuses | 577 | 833 |
Other | 448 | 811 |
Total current liabilities | 14,927 | 18,303 |
Non-current liabilities | ||
Retirement benefit liability | 155 | 164 |
Other | 13 | 17 |
Total non-current liabilities | 168 | 182 |
Total liabilities | 15,096 | 18,486 |
Net assets | ||
Shareholders' equity | ||
Share capital | 10,146 | 10,146 |
Capital surplus | 12,293 | 12,293 |
Retained earnings | 71,642 | 77,615 |
Treasury shares | (2) | (2) |
Total shareholders' equity | 94,081 | 100,053 |
Accumulated other comprehensive income | ||
Foreign currency translation adjustment | (71) | (132) |
Remeasurements of defined benefit plans | (5) | (3) |
Total accumulated other comprehensive income | (77) | (136) |
Total net assets | 94,003 | 99,917 |
Total liabilities and net assets | 109,099 | 118,403 |
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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen) | ||
Six months ended | Six months ended | |
September 30, 2023 | September 30, 2024 | |
Net sales | 20,991 | 22,095 |
Cost of sales | 4,319 | 4,691 |
Gross profit | 16,672 | 17,403 |
Selling, general and administrative expenses | 7,163 | 7,596 |
Operating profit | 9,509 | 9,807 |
Non-operating income | ||
Interest income | 46 | 50 |
Dividend income | 0 | - |
Foreign exchange gains | 212 | - |
Rental income | 14 | 7 |
Other | 6 | 5 |
Total non-operating income | 279 | 63 |
Non-operating expenses | ||
Foreign exchange losses | - | 136 |
Other | 3 | 1 |
Total non-operating expenses | 3 | 137 |
Ordinary profit | 9,785 | 9,733 |
Profit before income taxes | 9,785 | 9,733 |
Income taxes | 3,238 | 3,119 |
Profit | 6,547 | 6,614 |
Profit attributable to owners of parent | 6,547 | 6,614 |
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Consolidated statements of comprehensive income (cumulative)
(Millions of yen) | ||
Six months ended | Six months ended | |
September 30, 2023 | September 30, 2024 | |
Profit | 6,547 | 6,614 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 1 | - |
Foreign currency translation adjustment | (2) | (61) |
Remeasurements of defined benefit plans, net of tax | 1 | 2 |
Total other comprehensive income | 0 | (58) |
Comprehensive income | 6,547 | 6,555 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 6,547 | 6,555 |
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Consolidated statements of cash flows
(Millions of yen) | ||
Six months ended | Six months ended | |
September 30, 2023 | September 30, 2024 | |
Cash flows from operating activities | ||
Profit before income taxes | 9,785 | 9,733 |
Depreciation | 1,088 | 1,205 |
Increase (decrease) in provision for bonuses | 136 | 256 |
Interest and dividend income | (46) | (50) |
Foreign exchange losses (gains) | (212) | 136 |
Decrease (increase) in trade receivables | (218) | (95) |
Decrease (increase) in inventories | 174 | 189 |
Increase (decrease) in trade payables | (449) | (357) |
Increase (decrease) in accounts payable - other | (704) | (1,195) |
Increase (decrease) in unearned revenue | 3,334 | 3,724 |
Decrease (increase) in prepaid expenses | 304 | 39 |
Increase (decrease) in retirement benefit liability | 18 | 11 |
Other, net | (124) | 415 |
Subtotal | 13,087 | 14,015 |
Interest and dividends received | 64 | 107 |
Income taxes paid | (3,375) | (2,766) |
Net cash provided by (used in) operating activities | 9,776 | 11,356 |
Cash flows from investing activities | ||
Payments into time deposits | (8,050) | - |
Proceeds from withdrawal of time deposits | - | 10,039 |
Proceeds from redemption of securities | 2,000 | - |
Purchase of property, plant and equipment | (0) | (8) |
Purchase of intangible assets | (1,064) | (1,320) |
Other, net | (17) | 1 |
Net cash provided by (used in) investing activities | (7,133) | 8,711 |
Cash flows from financing activities | ||
Dividends paid | (642) | (641) |
Net cash provided by (used in) financing activities | (642) | (641) |
Effect of exchange rate change on cash and cash equivalents | 71 | (148) |
Net increase (decrease) in cash and cash equivalents | 2,073 | 19,278 |
Cash and cash equivalents at beginning of period | 70,469 | 74,066 |
Increase in cash and cash equivalents resulting from inclusion of | 333 | - |
subsidiaries in consolidation | ||
Cash and cash equivalents at end of period | 72,876 | 93,344 |
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