Highlights of Financial Results

Business Report FY06/24 (July 1, 2023 to June 30, 2024)

In FY06/24 (July 1, 2023 to June 30, 2024), revenue was JPY49,812mn (+7.4% YoY), operating profit was JPY9,853mn (+4.4% YoY), recurring profit was JPY19,856mn (+88.7% YoY), and profit attributable to owners of parent was JPY15,681mn (+90.2%).

Performance by Segment

[Sales composition ratio]

●Security Equipment

Revenue was JPY14,217mn (+1.6% YoY), and segment profit was JPY5,897mn (+1.8% YoY)

●Card Equipment and Other Office Equipment

Revenue was JPY3,027mn (-3.1% YoY), and segment profit was JPY808mn (＋1.6% YoY)

●Peripheral Computer Equipment

Revenue was JPY16,234mn (+5.1% YoY), and segment profit was JPY1,425mn (-23.2% YoY)

●Design

Revenue was JPY5,578mn (+12.4% YoY), and segment profit was JPY575mn (＋87.5% YoY)

Consolidated Balance Sheet

[millions of yen]

	FY06/23	FY06/24
ASSETS
Current assets	56,544	56,194
Cash and deposits	37,594	36,084
Accounts receivable – trade, and contract assets	6,783	7,963
Inventories	7,813	8,181
Other	4,353	3,965
Fixed assets	23,980	37,707
Tangible fixed assets	10,221	10,844
Intangible fixed assets	1,859	2,270
Investments and other assets	11,899	24,591
Total assets	80,524	93,901
LIABILITIES
Current liabilities	9,482	9,973
Accounts Payable	3,855	3,960
Other	5,627	6,012
Fixed liabilities	3,770	3,413
Net defined benefit liability	1,350	1,306
Other	2,420	2,107
Total liabilities	13,253	13,387
NET ASSETS
Shareholders’ Equity	64,033	75,305
Capital stock	5,000	5,000
Other	59,033	70,305
Accumulated other comprehensive income	2,984	4,726
Non-controlling interests	253	482
Total net assets	67,271	80,514
Total liabilities and net assets	80,524	93,901

Consolidated Statements of Income

[millions of yen]

	FY06/23	FY06/24
Total sales	46,396	49,812
Cost of sales	23,574	25,033
Gross profit	22,821	24,779
SG&A expenses	13,387	14,925
Operating profit	9,434	9,853
Non-operating income	1,128	10,192
Non-operating expenses	42	190
Recurring profit	10,519	19,856
Extraordinary gains	171	1
Extraordinary losses	198	1,292
Profit before income taxes	10,492	18,564
Income taxes – current	3,480	2,810
Income taxes – deferred	-1,239	-45
Net Profit	8,251	15,799
Profit attributable to non-controlling interests	8	118
Profit attributable to owners of parent	8,243	15,681

Consolidated Statements of Cash Flows

[millions of yen]

	FY06/23	FY06/24
Cash flows from operating activities	4,541	8,432
Cash flows from investing activities	-1,314	-6,428
Cash flows from financing activities	-3,184	-4,675
Effect of exchange rate change on cash and cash equivalents	622	1,050
Net increase (decrease) in cash and cash equivalents	665	-1,621
Cash and cash equivalents at beginning of period	36,435	37,566
Increase in cash and cash equivalents resulting from inclusion of subsidiaries in consolidation	465	76
Cash and cash equivalents at end of period	37,566	36,021

Changes in Key Financial Indicators

Reference) Equity in earnings of affiliates:

FY06/24：9,384 million yen

FY06/23：592 million yen