Consolidated Financial Results Supplementary Document Q1 FY21
August 4, 2021/ SIGMAXYZ Inc. (Stock Code: 6088)
Outline of Financial Results for Q1 FY21
Summary | (YoY) | ||
| Consolidated revenue | JPY 3.41 bn | （+1%） |
| Ordinary profit | JPY 364 mn | （+123%） |
| Profit | JPY 153 mn | （+76%） |
- Consulting services for aviation industry decreased. A scale-down was implemented for procurement services regarding hardware and software products on behalf of clients in the retail industry, which have contributed only marginally to profit.
- ERP cloud migration services, DX strategy planning for companies, revitalization of organizations and personnel, and projects that support new business and service developments are leading our business. The reduction in outsourcing costs by strengthening the internal delivery system for ERP cloud migration service projects resulted in an improved profit ratio.
- Transition to a holding company system from October 2021. Through the growth of our subsidiaries, we will aim to improve the value of the services provided by the group as a whole.
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Consolidated Income Statement for Q1 FY21
FY 20 | FY21 | YoY change | |||
Unit: JPY mn | Major changes | ||||
(April to June) | (April to June) | Amount | Rate | ||
Revenue | 3,366 | 3,415 | +49 | +1% | |
Gross profit | 1,300 | 1,420 | +120 | +9% | The reduction in |
outsourcing costs by | |||||
strengthening the internal | |||||
delivery system for ERP | |||||
S, G&A expenses | 1,147 | 1,041 | -106 | -9% | cloud migration service |
projects resulted in | |||||
Operating profit | 152 | 379 | +226 | +148 | improved profit ratio |
% | Increase owing to | ||||
+123 | increased revenue and | ||||
Ordinary profit | 163 | 364 | +201 | decreased cost of | |
% | |||||
revenue | |||||
Profit before | 309 | 364 | +54 | +18% | |
income taxes | |||||
Profit | 87 | 153 | +66 | +76% | |
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Key Performance Index (KPI)
FY20 | FY21 | YoY change | |
(April to June) | (April to June) | ||
Number of employees | 564 | 584 | +4% |
(Number of consultants) | (498) | (511) | (+3%) |
Client Satisfaction (NSI*) | 94 | 94 | +0pt |
Number of projects ** | 363 | 348 | -4% |
Number of clients *** | 125 | 117 | -6% |
Revenue per contract | 9.3 | 9.8 | +5% |
(Million yen) | |||
- NSI (Net Satisfaction Index): Average score from 5 possible ratings for 10 questions evaluating project satisfaction. Conducted in a questionnaire format for the client project owner. 5 ratings - 5: I really agree 100 points; 4: I agree 75 points; 3: I can't say either way 50 points; 2: I don't agree 25 points; 1: I don't agree at all 0 points
- Number of projects: Projects for which revenue has been recorded over the consolidated cumulative period are aggregated by contract.
- Number of clients: Clients of projects for which revenue has been recorded over the consolidated cumulative period are aggregated by corporation.
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Consolidated Balance Sheet for Q1 FY21
Unit: JPY mn | End of | End of Q1 | YoY change | Major changes |
FY20 | FY21 | (Amount) | ||
Current assets | 8,015 | 10,146 | +2,130 | - Increase in cash and deposits |
Cash and deposits | 5,275 | 7,574 | +2,298 | |
Non-current assets | 2,267 | 1,961 | -306 | |
Total assets | 10,283 | 12,108 | +1,824 | |
- Repayment of borrowings | ||||
Current liabilities | 3,239 | 1,590 | -1,648 | |
and the reduction of income | ||||
tax payables, etc. | ||||
Non-current | 1,581 | 1,596 | +14 | |
liabilities | ||||
Total liabilities | 4,821 | 3,187 | -1,634 | |
- Increase due to capital | ||||
Net assets | 5,462 | 8,921 | +3,458 | |
increase through a third-party | ||||
Equity ratio | 53% | 74% | +21pts | allotment |
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