E Seikatsu : Consolidated Financial Results for the Six Months Ended September 30,2022(Japanese GAAP) (256KB)

Note: This document has been translated from Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

November 10,2022

(Delayed)Consolidated Financial Results

for the Six Months Ended September 30, 2022

(Japanese GAAP)

Company name:	e-Seikatsu Co., Ltd.	Listing:	Standard, Tokyo Stock Exchange
Securities code:	3796	URL:	https://www.e-seikatsu.info/
Representative:	President and CEO	Zenichi Maeno
Inquiries:	Executive Vice President and CFO	Hiroyuki Shiokawa
TEL:	[phone]

Scheduled date of file quarterly securities report:	November 14, 2022
Scheduled date to commence dividend payment:	-
Preparation of supplementary materials on quarterly financial results:	Yes
Holding of financial results briefing:	Yes	For institutional investors and analysts

(Yen amounts are rounded down to the nearest millions)

1.Consolidated financial results for the Six months ended September 30, 2022 (April 1, 2022 to September 30, 2022)

(1) Consolidated Operating Results (cumulative)

(Percentage indicate year-on-year changes.)

	Net sales		EBITDA		Operating profit	Ordinary profit	Profit attributable
			to owners of parent
Six months ended	Millions		%	Millions		%	Millions	%	Millions	%	Millions		%
of yen		of yen		of yen	of yen	of yen
September 30, 2022	1,287		10.2	307		23.4	86	163.1	88	164.2	55		202.9
September 30, 2021	1,168		10.8	248		8.0	33	295.7	33	296.9	18		672.4
Note: Comprehensive Income	For the Six months ended September 30, 2022	55Millions of yen	(202.9%)
			For the Six months ended September 30, 2021	18Millions of yen	(672.4%)

Note: EBITDA (operating profit+ depreciation expenses) is disclosed as a useful comparative indicator for our group's performance.

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	Basic earnings per share	Diluted earnings per share
Six months ended	Yen	Yen
September 30, 2022	8.09	-
September 30, 2021	2.67	-

(2) Consolidated Financial Position

	Total assets	Net Assets	Equity-to-asset ratio	Net Assets per Share
	Millions of yen	Millions of yen	%	Yen
As of September 30, 2022	2,162	1,732	80.1	251.08
As of March 31, 2022	2,187	1,711	78.2	247.99

Reference: Equity	As of September 30, 2022	1,732	Millions of yen
	As of March 31, 2022	1,711	Millions of yen

2.Cash dividends

			Dividend per share
	First	Second	Third		Fiscal year-end	Total
	quarter-end	quarter-end	quarter-end
	Yen	Yen	Yen		Yen	Yen
Fiscal Year Ended March 31, 2022	-	0.00	-		5.00	5.00
Fiscal Year Ended March 31, 2023	-	0.00
Forecast for Fiscal Year Ended March 31, 2023			-		5.00	5.00

Note: Revisions to the forecast of cash dividends most recently announced: None.

3.Consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)

(Percentage indicate year-on-year changes.)

									Profit attributable to	Basic earnings per
	Net sales		Operating profit	Ordinary profit		share attributable to
			owners of parent
									owners of the parent
	Millions of		%	Millions of	%	Millions of		%	Millions of	%	Yen
	yen			yen		yen			yen
Full year	2,653		9.0	180	8.9	180		8.5	112	4.9	16.25

Note: Revisions to the consolidated earnings forecasts most recently announced: None.

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Notes

1. Changes in significant subsidiaries during the cumulative period of the current quarter (changes in specified subsidiaries due to changes in the scope of consolidation): None
2. Application of accounting treatment specific to preparation of quarterly consolidated financial statements: None
3. Changes in accounting policies, changes in accounting estimates, and restatements of accounting estimates.
4. 1. Changes in accounting policies due to changes in accounting standards, etc.: Yes
   2. Changes in accounting policies other than 1) above: None
   3. Changes in accounting estimates: None
   4. Modification and reappearance: None
      (Note) For details, please refer to Appendix P.14 "2. Quarterly Consolidated Financial Statements and Major Notes (4) Notes to Quarterly Consolidated Financial Statements (Changes in Accounting Policies)."

(3) Number of Shares Issued (Common shares)

1. Number of shares outstanding at the end of the fiscal year (including treasury shares)
2. Number of treasury stock at end of period
3. Average number of shares outstanding during the period

As of September	7,280,700	Shares	As of March	7,280,700	Shares
30,2022			31,2022
As of September	379,299	Shares	As of March	379,299	Shares
30,2022			31,2022
Six months			Six months
ended	6,901,401	Shares	ended	6,901,401	Shares
September			September
30,2022			30,2021

*Quarterly Financial Results are not subject to Quarterly Review by Certified Public Accountants or Auditing Corporations.

*Explanation of appropriate use of earnings forecasts and other special notes

Supplementary materials on quarterly financial results will be disclosed by TDnet on November 10, 2022, and will be posted on our website on the same day

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Table of Contents of Attachments

1. Qualitative Information on Current Quarterly Financial Results
2. 1. Earnings
   2. Financial position
   3. Outlook
3. Quarterly Consolidated Financial Statements and Major Notes
4. 1. Quarterly Consolidated Balance Sheets
   2. Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income
      Quarterly Consolidated statements of income Consolidated Year-to-Date
      Quarterly Consolidated Statement of Comprehensive Income Consolidated Year-to-Date
   3. Quarterly Consolidated Statement of Cash Flows
   4. Notes to Quarterly Consolidated Financial Statements

Notes on Assumptions of Continuing Enterprises

Notes in Cases of Significant Changes in the Amount of Shareholders' Equity Changes in Significant Subsidiaries during the Year to Date of Consolidation Application of Accounting Procedures Specific to Preparation of Quarterly Consolidated Financial Statements

Change in Accounting Policy

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1. Qualitative Information on Current Quarterly Financial Results

1. Earnings

In the cumulative business results for the second quarter (April 1, 2022 to September 30, 2022), Net Sales was 1,287,736 thousand yen (a 10.2% increase in YOY), EBITDA was 307,193 thousand yen (a 23.4% increase in YOY), Operating profit was 86,919 thousand yen (a 163.1% increase in YOY), ordinary profit was 88,925 thousand yen (a 164.2% increase in YOY), and the profit attributable to owners of parent was 55,849 thousand yen (a 202.9% increase in YOY).

	Six months ended	Six months ended	Year-on-year change
	September 30, 2021	September 30, 2022
Summary of Consolidated Results
		Difference	Rate of
	(thousand yen)	(thousand yen)	(thousand	change
			yen)	（％）
Net sales	1,168,441	1,287,736	119,295	10.2
EBITDA	248,861	307,193	58,332	23.4
Operating profit	33,032	86,919	53,886	163.1
Ordinary profit	33,657	88,925	55,268	164.2
Profit attributable to owners of parent	18,438	55,849	37,411	202.9

With the aim of realizing our mission of making the real estate market better through IT, we have established a vision of becoming an information infrastructure indispensable to the real estate market. Based on this vision, we develop systems and applications to resolve various issues in the real estate business and the real estate market, and offer these systems as SaaS, a subscription-based service. Through this, we are developing businesses that support digital transformation (DX) in the real estate business.

As announced on October 24, 2022, the Group has decided to redefine its mission, vision and values, and revise its corporate logo, service names, and service logos. In light of recent business conditions, have set our new mission as "Create many 'good life' for others with technology and heart." and our vision as "Create society where comfortable life circulates." Based on this philosophy, we are promoting brand renewal for the entire service in order to create an integrated customer experience value. Under the new brand, the Group will continue to develop its business aiming for DX of the real estate industry and the real estate market.

For the second quarter of fiscal 2023 ended September 30, 2022, sales were 1,287,736 thousand yen (up 10.2% year-over-year), an increase of 119,295 thousand yen from the same period last year. This is because acquisition of new customers and up-selling/cross-selling to existing customers performed well.

The number of subscription customers reached 1,476 as of the end of the second quarter (1,443 in the same period of the previous year), and the ARPU (*1) in September was approximately 125,600 yen (118,000 yen in the same period of the previous year). The subscription gross profit margin (*2) for the quarter was about 61.1% (about 59.2% for the same period last year).

(*1) "the average revenue per user" Current month subscription sales is divided by the number of subscription customers for the current month, and the figures are rounded down to the nearest 100 yen.

(*2) "the subscription gross margin" The gross margin for subscription sales only.

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