RareJob : Consolidated Financial Results for the Three Months Ended June 30, 2022

Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results

for the Three Months Ended June 30, 2022

[Japanese GAAP]

August 15, 2022

Company name: RareJob, Inc.

Stock exchange listing: Tokyo

Code number: 6096

URL: https://www.rarejob.co.jp

Representative: Gaku Nakamura, CEO

Contact: Naoki Morita, General Manager of Corporate Management Division

Phone: [phone]

Scheduled date of filing quarterly securities report: August 15, 2022

Scheduled date of commencing dividend payments: -

Availability of supplementary briefing material on quarterly financial results: Yes

Schedule of quarterly financial results briefing session: No

(Amounts of less than one million yen are rounded down)

1. Consolidated Financial Results for the Three Months Ended June 30, 2022 (April 01, 2022 to June 30, 2022)

(1) Consolidated Operating Results							(% indicates changes from the previous corresponding period.)
		Net sales		EBITDA *		Operating profit		Ordinary profit	Profit attributable to
					owners of parent
Three months ended	Million yen	%	Million yen	%	Million yen	%	Million yen			%	Million yen	%
June 30, 2022		1,465	11.5		94		(5.5)		16	(62.5)			54		86.4	44	(0.3)
June 30, 2021		1,314	2.6		100		(39.4)		44	(57.6)			29		(72.5)	44	(33.5)
*EBITDA = Operating profit + Depreciation and amortization +Amortization of goodwill
(Note) Comprehensive income:	Three months ended June 30, 2022:	¥	79 million	[		126.1%]
		Three months ended June 30, 2021:	¥	35 million	[	(51.2) %]
		Basic earnings				Diluted earnings per
			per share						share
Three months ended					Yen					Yen
June 30, 2022					4.76					4.71
June 30, 2021					4.86					4.69
(2) Consolidated Financial Position
		Total assets					Net assets	Capital adequacy ratio
As of			Million yen				Million yen						%
June 30, 2022			6,358					2,454						34.6
March 31, 2022			6,343					2,479						35.0
(Reference) Equity: As of	June 30, 2022:	¥		2,202 million
As of	March 31, 2022:	¥		2,219 million

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2. Dividends

				Annual dividends
	1st	2nd		3rd		Year-end	Total
	quarter-end	quarter-end	quarter-end
	Yen		Yen	Yen		Yen	Yen
Fiscal year ended March 31, 2022	-		0.00	-		11.00	11.00
Fiscal year ending March 31, 2023	-
Fiscal year ending March 31, 2023			0.00	-		0.00	0.00
(Forecast)
(Note) Revision to the forecast for dividends	announced most	recently:	No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023(April 01, 2022 to March 31, 2023)

(% indicates changes from the previous corresponding period.)

Net sales

EBITDA

Operating profit

Ordinary profit

Profit attributable

Basic earnings

to owners of parent

per share

Million

Million

Million

Million

Million

yen

%

yen

%

yen

%

yen

%

yen

%

Yen

Full year

6,000

7.2

386

(33.4)

50

(82.9)

80

(67.0)

0

(100.0)

0.00

(Note) Revision to the financial results forecast announced most recently:

No

* Notes:

(1) Changes in significant subsidiaries during the three months ended June 30, 2022

(changes in specified subsidiaries resulting in changes in scope of consolidation):

No

(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:

No

1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
2. 1. Changes in accounting policies due to the revision of accounting standards: No
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
3. Total number of issued shares (common shares)
4. 1. Total number of issued shares at the end of the period (including treasury shares):

June 30, 2022:	9,658,000	shares
March 31, 2022:	9,658,000	shares
2) Total number of treasury shares at the end of the period:
June 30, 2022:	354,681	shares
March 31, 2022:	354,024	shares

3) Average number of shares during the period:
Three months ended June 30, 2022:	9,303,319	shares
Three months ended June 30, 2021:	9,127,354	shares

• This financial report is not subject to the statutory quarterly review by a certified public accountant or audit firm.
• Explanation about the proper use of earnings forecasts, and other special notes
  The forward-looking statements, including results forecasts, contained in this document are based on information the Company has obtained as of today and certain assumptions the Company considers reasonable. The Company does not guarantee its achievement of the forward-looking statements. Actual results may differ significantly depending on a variety of factors.

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Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

				(Thousand yen)
			As of March 31,2022	As of June 30,2022
Assets
	Current assets
		Cash and deposits	3,116,675	3,081,587
		Deposits paid	4,759	7,495
		Accounts receivable - trade	121,585	174,459
		Prepaid expenses	82,152	91,005
		Derivatives	50,437	94,991
		Other	127,536	107,645
		Total current assets	3,503,147	3,557,185
	Non-current assets
		Property, plant and equipment
		Buildings	110,530	97,685
		Accumulated depreciation	(43,949)	(33,810)
		Buildings, net	66,581	63,874
		Tools, furniture and fixtures	192,014	171,546
		Accumulated depreciation	(135,870)	(117,712)
		Tools, furniture and fixtures, net	56,144	53,834
		Vehicles	2,461	2,581
		Accumulated depreciation	(2,379)	(2,581)
		Vehicles, net	82	-
		Right-of use assets	80,779	84,711
		Accumulated depreciation	(12,311)	(16,096)
		Right-of-use assets,net	68,468	68,615
		Total property, plant and equipment	191,276	186,324
		Intangible assets
		Trademark right	1,738	1,812
		Software	456,224	465,610
		Software in progress	88,812	97,863
		Goodwill	846,092	822,646
		Content assets	65,130	63,445
		Other	690	920
		Total intangible assets	1,458,689	1,452,299
		Investments and other assets
		Investment securities	1,007,791	1,000,700
		Leasehold deposits	110,359	110,247
		Deferred tax assets	46,024	27,177
		Other	25,947	24,590
		Total investments and other assets	1,190,123	1,162,716
		Total non-current assets	2,840,088	2,801,340
	Total assets	6,343,236	6,358,525

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				(Thousand yen)
			As of March 31,2022	As of June 30,2022
Liabilities
	Current liabilities
		Short-term borrowings	-	20,000
		Current portion of long-term borrowings	1,142,972	1,142,968
		Lease liabilities	11,556	9,861
		Accounts payable - other	198,175	200,743
		Accrued expenses	251,325	268,335
		Income taxes payable	10,798	14,725
		Accrued consumption taxes	54,089	70,715
		Advances received	717,013	794,635
		Deposits received	23,755	45,698
		Provision for bonuses	71,919	22,835
		Derivatives liabilities	-	558
		Provision for loss on business liquidation	9,254	-
		Other	38,796	46,747
		Total current liabilities	2,529,655	2,637,823
	Non-current liabilities
		Long-term borrowings	1,212,228	1,143,990
		Retirement benefit liability	32,330	36,708
		Lease liabilities	62,574	63,897
		Asset retirement obligations	3,271	3,284
		Deferred tax liabilities	22,535	17,327
		Provision for bonuses	363	424
		Other	1,056	702
		Total non-current liabilities	1,334,359	1,266,335
	Total liabilities	3,864,015	3,904,158
Net assets
	Shareholders' equity
		Share capital	606,699	606,699
		Capital surplus	787,446	787,446
		Retained earnings	1,010,441	952,338
		Treasury shares	(222,263)	(222,263)
		Total shareholders' equity	2,182,324	2,124,220
	Accumulated other comprehensive income
		Valuation difference on available-for-sale	1,346	4,693
		securities
		Deferred gains or losses on hedges	34,993	65,517
		Foreign currency translation adjustment	7,425	14,163
		Remeasurements of defined benefit plans	(6,687)	(6,302)
		Total accumulated other comprehensive income	37,078	78,071
	Share acquisition rights	82,520	80,772
	Non-controlling interests	177,297	171,302
	Total net assets	2,479,220	2,454,366
Total liabilities and net assets	6,343,236	6,358,525

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Quarterly Consolidated Statements of Income and Comprehensive Income
	Quarterly Consolidated Statements of Income (For the three months)
			(Thousand yen)
		For the three months	For the three months
		ended June 30,2021	ended June 30,2022
Net sales	1,314,443	1,465,982
Cost of sales	555,899	590,508
Gross profit	758,543	875,474
Selling, general and administrative expenses	713,637	858,647
Operating profit	44,905	16,826
Non-operating income
	Interest income	30	29
	Foreign exchange gains	-	4,078
	Share of profit of entities accounted for using equity	-	34,649
	method
	Other	664	2,518
	Total non-operating income	694	41,276
Non-operating expenses
	Interest expenses	3,753	3,087
	Foreign exchange losses	6,357	-
	Share of loss of entities accounted for using equity	510	-
	method
	Depreciation	4,399	-
	Other	1,084	36
	Total non-operating expenses	16,105	3,124
Ordinary profit	29,494	54,978
Extraordinary income
	Gain on reversal of share acquisition rights	-	1,748
	Total extraordinary income	-	1,748
Extraordinary losses
	Loss on sale of non-current assets	-	1,467
	Loss on withdrawal from business	517	-
	Total extraordinary losses	517	1,467
Profit before income taxes	28,976	55,259
Income taxes - current	5,187	18,242
Income taxes - deferred	(18,104)	(363)
Total income taxes	(12,917)	17,878
Profit	41,894	37,380
Profit (loss) attributable to non-controlling interests	(2,464)	(6,860)
Profit attributable to owners of parent	44,359	44,240

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