Consolidated Financial Results Supplementary Document FY20
April 22, 2021/ SIGMAXYZ Inc. (Stock Code: 6088)
Outline of Financial Results for FY20
Summary | (YoY) | ||
| Consolidated revenue | JPY 14.02 bn | (-12%) |
Profit before income taxes | JPY 1.94 bn | (-11%) | |
| Profit attributable to | JPY 1.21 bn | (-14%) |
owners of parent |
- Despite the impact of the COVID-19 pandemic, the volumes of orders received for consulting services have recovered to near year-ago levels after 2Q FY20. We continued to deliver services by making maximum use of the digital workplace environment through the consolidated accounting period.
- Revenue decreased due to consulting services for the aviation industry, which has been severely affected by the COVID-19 pandemic, and also to a phased scale-down of hardware and software products procurement services on behalf of clients in the retail industry which have contributed only marginally to profit.
- ERP cloud migration services, DX strategy planning for companies, activation of human capitals and organizations, and projects that support new business and service developments contributed to the Group's business performance.
1
Consolidated Income Statement for FY20
FY19 | FY20 | YoY change | |||
Unit: JPY mn | Major changes | ||||
(Apr to Mar) | (Apr to Mar) | Amount | Rate | ||
Revenue | 16,003 | 14,024 | -1,978 | -12% | - Despite the growth in ERP |
cloud migration services, | |||||
services for the aviation | |||||
industry and product sales | |||||
Gross profit | 6,172 | 5,324 | -848 | -14% | decreased due to the |
COVID-19 pandemic. | |||||
S, G&A | 3,961 | 3,576 | -384 | -10% | - Increase in personnel costs |
expenses | associated with recruitment, | ||||
investments for solution | |||||
development and | |||||
Operating profit | 2,211 | 1,747 | -463 | -21% | productivity improvement, |
and costs following | |||||
measures taken for COVID- | |||||
-366 | -17% | 19. Reduced other costs. | |||
Ordinary profit | 2,164 | 1,797 | |||
Profit before | 2,176 | 1,945 | -231 | -11% | - Profit from the sale of |
income taxes | investment securities. | ||||
Profit | 1,407 | 1,210 | -197 | -14% | |
2
Key Performance Index (KPI)
FY19 | FY20 | YoY change | |
(Apr to Mar) | (Apr to Mar) | ||
Number of employees | 524 | 554 | +6% |
(Number of consultants) | (459) | (481) | (+5%) |
Client Satisfaction (NSI*) | 95 | 94 | -1pt |
Number of projects ** | 1,165 | 1,019 | -13% |
Number of clients *** | 202 | 213 | +5% |
Revenue per contract | 13.7 | 13.8 | +0.7% |
(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.
3
Consolidated Balance Sheet for FY20
Unit: JPY mn | End of | End of | YoY change | Major changes |
FY19 | FY20 | (Amount) | ||
Current assets | 6,943 | 8,015 | +1,072 | - Increase in cash and deposits, and |
decrease in accounts receivable | ||||
Cash and deposits | 4,175 | 5,275 | +1,100 | - Borrowings and dividend payments |
Non-current assets | 2,725 | 2,267 | -458 | - Decrease in investment securities |
Total assets | 9,669 | 10,283 | +614 | |
- Borrowings and the reduction of | ||||
Current liabilities | 3,424 | 3,239 | -185 | |
income tax payables, etc. | ||||
Non-current | 1,208 | 1,581 | +373 | - Increase in provisions for share- |
liabilities | ||||
based remuneration. | ||||
Total liabilities | 4,632 | 4,821 | +188 | |
- Reduction due to dividend payments | ||||
Net assets | 5,036 | 5,462 | +426 | |
(Reference) Estimation of equity ratio if | ||||
Equity ratio | 52% | 53% | +1% | short-term borrowings are repaid |
End of FY19: 59% End of FY20: 63% | ||||
4
This is an excerpt of the original content. To continue reading it, access the original document here.