Weathernews : Summary of Financial Results 2022

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

June 30, 2022

	Consolidated Financial Results
	for the Fiscal Year Ended May 31, 2022
	(Under Japanese GAAP)
Company name:	Weathernews Inc.
Listing:	Tokyo Stock Exchange
Securities code:	4825
URL:	https://jp.weathernews.com/
Representative:	Chihito Kusabiraki, President and Representative Director
Inquiries:	Shigeru Kawai, IR Manager
Telephone:	[phone]

Scheduled date of annual general meeting of shareholders:	August 11, 2022
Scheduled date to commence dividend payments:	August 12, 2022
Scheduled date to file annual securities report:	August 25, 2022
Preparation of supplementary material on financial results:	Yes
Holding of financial results briefing:	Yes (for institutional investors and
	analysts)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended May 31, 2022 (from June 1, 2021 to May 31, 2022)

(1) Consolidated operating results						(Percentages indicate year-on-year changes.)
		Net sales		Operating profit	Ordinary profit		Profit attributable to
				owners of parent
Fiscal year ended	Millions of yen			%	Millions of yen		%	Millions of yen				%	Millions of yen		%
May 31, 2022		19,650			4.3	2,904			18.8	3,063			19.9		2,157		15.9
May 31, 2021		18,843			5.0	2,444			7.2	2,554			16.7		1,861		14.3
Note: Comprehensive income	For the fiscal year ended May 31, 2022:	¥2,272 million		[19.4%]
		For the fiscal year ended May 31, 2021:	¥1,902 million		[17.7%]
	Basic earnings	Diluted earnings			Return on equity	Ratio of ordinary	Ratio of operating
	per share		per share			profit to total	profit to net sales
									assets
Fiscal year ended				Yen		Yen				%					%		%
May 31, 2022		196.25		195.73				13.4					16.6		14.8
May 31, 2021		169.81		169.36				12.5					14.8		13.0

Reference: Share of profit (loss) of entities accounted for using equity method
	For the fiscal year ended May 31, 2022:	-
	For the fiscal year ended May 31, 2021:	-
(2) Consolidated financial position
		Total assets		Net assets	Equity-to-asset ratio	Net assets per share
As of		Millions of yen		Millions of yen	%	Yen
May 31, 2022		19,127		16,843	87.6	1,523.28
May 31, 2021		17,692		15,439	86.8	1,399.19

Reference: Equity
As of May 31, 2022:	¥16,759 million
As of May 31, 2021:	¥15,355 million

(3) Consolidated cash flows

	Cash flows from	Cash flows from	Cash flows from	Cash and cash
	equivalents at end of
	operating activities	investing activities	financing activities
	period
Fiscal year ended	Millions of yen	Millions of yen	Millions of yen	Millions of yen
May 31, 2022	3,573	(395)	(1,098)	11,422
May 31, 2021	2,479	(615)	(1,094)	9,249

2. Cash dividends

		Annual dividends per share		Total cash	Payout ratio	Ratio of
	First	Second	Third			dividends to
	Fiscal		dividends
	quarter-	quarter-	quarter-	Total	(Consolidated)	net assets
	year-end	(Total)
	end	end	end			(Consolidated)
	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
Fiscal year ended	-	50.00	-	50.00	100.00	1,097	58.9	7.4
May 31, 2021
Fiscal year ended	-	50.00	-	50.00	100.00	1,100	51.0	6.8
May 31, 2022
Fiscal year ending	-	50.00	-	50.00	100.00		45.9
May 31, 2023
(Forecast)

3. Consolidated earnings forecasts for the fiscal year ending May 31, 2023 (from June 1, 2022 to May 31, 2023)

(Percentages indicate year-on-year changes.)

								Profit attributable to	Basic
	Net sales		Operating profit	Ordinary profit	earnings
		owners of parent
								per share
	Millions of		%	Millions of	%	Millions of	%	Millions of	%	Yen
	yen		yen	yen	yen
Fiscal year ending	21,000		6.9	3,200	10.2	3,300	7.7	2,400	11.3	217.90
May 31, 2023

* Notes

(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the

change in scope of consolidation):	None
Newly included:	-
Excluded:	-

1. Changes in accounting policies, changes in accounting estimates, and restatement
2. 1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
   2. Changes in accounting policies due to other reasons: None
   3. Changes in accounting estimates: None
   4. Restatement: None
3. Number of issued shares (common shares)
4. 1. Total number of issued shares at the end of the period (including treasury shares)

As of May 31, 2022	11,844,000 shares
As of May 31, 2021	11,844,000 shares

(ii) Number of treasury shares at the end of the period

As of May 31, 2022	841,720 shares
As of May 31, 2021	869,468 shares

(iii) Average number of shares outstanding during the period

Fiscal year ended May 31, 2022	10,991,834 shares
Fiscal year ended May 31, 2021	10,963,762 shares

[Reference] Overview of non-consolidated financial results

1. Non-consolidated financial results for the fiscal year ended May 31, 2022 (from June 1, 2021 to May 31, 2022)

(1) Non-consolidated operating results			(Percentages indicate year-on-year changes.)
	Net sales		Operating profit	Ordinary profit	Profit
Fiscal year ended	Millions of yen		%	Millions of yen	%	Millions of yen	%	Millions of yen	%
May 31, 2022	19,467		4.5	2,729	18.6	3,212	33.5	2,339	38.5
May 31, 2021	18,630		5.1	2,300	3.6	2,406	1.8	1,689	6.3
	Basic earnings		Diluted earnings
	per share		per share
Fiscal year ended			Yen		Yen
May 31, 2022	212.85		212.29
May 31, 2021	154.12		153.71

(2) Non-consolidated financial position

		Total assets	Net assets	Equity-to-asset ratio	Net assets per share
As of		Millions of yen	Millions of yen	%	Yen
May 31, 2022		18,117	16,179	88.8	1,462.88
May 31, 2021		17,267	14,697	84.6	1,331.54
Reference: Equity
	As of May 31, 2022:	¥16,095 million
	As of May 31, 2021:	¥14,613 million

(Notes) 1. Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation. 2. Proper use of earnings forecasts, and other special matters

Cautions on forward-looking statements, etc.

Forward-looking statements in this material, including earnings forecasts, are based on information currently available to the Company and on certain assumptions deemed reasonable. Actual results may differ significantly due to various factors. Please refer to "1. Overview of operating results, etc." of the attached materials for the suppositions that form the assumptions for the earnings forecasts and cautions regarding the use of the earnings forecasts.

			Weathernews Inc. (4825)
Consolidated Financial Statements and Significant Notes Thereto
(1) Consolidated balance sheet
			(Thousands of yen)
		As of May 31, 2021	As of May 31, 2022
Assets
Current assets
Cash and deposits	9,251,103	11,424,969
Accounts receivable - trade	3,346,728	2,612,174
Accounts receivable - completed service contracts	72,722	-
Contract assets	-	708,461
Work in process	131,985	44,993
Supplies	131,659	130,643
Other	449,681	407,489
Allowance for doubtful accounts	(34,416)	(13,966)
Total current assets	13,349,464	15,314,765
Non-current assets
Property, plant and equipment
Buildings and structures, net	821,253	746,917
Tools, furniture and fixtures, net	414,934	393,669
Communication satellite facilities, net	60,977	26,605
Land	413,062	413,062
Construction in progress	37,088	77,026
Other, net	0	85,100
Total property, plant and equipment	1,747,315	1,742,381
Intangible assets
Software	977,835	757,386
Software in progress	162,322	6,710
Other	25,988	27,055
Total intangible assets	1,166,146	791,152
Investments and other assets
Investment securities	213,769	181,299
Deferred tax assets	703,538	662,305
Other	530,421	466,760
Allowance for doubtful accounts	(17,831)	(31,243)
Total investments and other assets	1,429,898	1,279,122
Total non-current assets	4,343,360	3,812,656
Total assets		17,692,825	19,127,421

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