Sansan : Financial Results for FY2021 Q4

August 30, 2022

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August 31, 2022 Yes

Yes (for institutional investors and analysts)

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.

July 14, 2022

	Financial Results for FY2021 Q4
Company name:	Sansan, Inc.
Listing:	Tokyo Stock Exchange
Securities code:	4443
URL:	https://www.corp-sansan.com/
Representative:	Chikahiro Terada, Representative Director & CEO
Inquiries:	Muneyuki Hashimoto, Director, Executive Officer, CFO
TEL:	[phone]

Scheduled date of annual general meeting of shareholders:

Scheduled date to commence dividend payment:

Scheduled date to file annual securities report:

Preparation of supplementary materials on financial results:

Holding of financial results meeting:

(Millions of yen with fractional amounts rounded down, 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	20,420		26.2	631	(14.2)	968	158.3	857	369.7
May 31, 2021	16,184		21.1	736	(2.7)	375	(13.9)	182	(46.2)

Note: Comprehensive income	For the fiscal year ended May 31, 2022: ¥(658) million [-%]
		For the fiscal year ended May 31, 2021: ¥1,820 million [449.3%]
	Basic earnings per	Diluted earnings	Return on equity	Ordinary profit/	Operating profit/
		share	per share	total assets	net sales
Fiscal year ended		Yen	Yen	%	%	%
May 31, 2022		6.87	6.77	7.0	3.9	3.1
May 31, 2021		1.47	1.45	1.6	1.6	4.6

Reference: Share of profit (loss) of entities accounted for using equity method For the fiscal year ended May 31, 2022: ¥(609) million

For the fiscal year ended May 31, 2021: ¥(285) million

Note: The Company implemented a stock split of common shares at a ratio of 4-for-1 on December 1, 2021. Therefore, basic earnings per share and diluted earnings per share are calculated on the assumption that said splitting of shares had been made at the beginning of the previous fiscal year.

(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		26,292	12,093	45.4	96.78
May 31, 2021		24,310	12,584	51.5	100.89
Reference: Equity
	As of May 31, 2022:	¥11,944 million
	As of May 31, 2021:	¥12,516 million

Note: The Company implemented a stock split of common shares at a ratio of 4-for-1 on December 1, 2021. Therefore, net assets per share are calculated on the assumption that said splitting of shares had been made at the beginning of the previous fiscal year.

1. 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	3,123	(1,014)	909	15,245
May 31, 2021	3,011	(551)	(2,902)	12,223

2. Cash dividends

		Annual dividends		Total cash		Ratio of
	First	Second	Third			Payout ratio	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	-	0.00	-	0.00	0.00	-	-	-
May 31, 2021
Fiscal year ended	-	0.00	-	0.00	0.00	-	-	-
May 31, 2022
Fiscal year ending
May 31, 2023	-	0.00	-	0.00	0.00		-
(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.)

	Net sales		Adjusted operating profit
	Millions of yen		%	Millions of yen	%
Fiscal year ending	25,117		23.0	917	25.5
to		to	to	to
May 31, 2023
25,764		26.2	1,288	76.3

Note: For multi-step profit or loss under operating profit or loss, the Company refrains from disclosing a concrete forecast because it is difficult to make a reasonable estimate of share-based payment expenses, which may vary significantly depending on the level of the Company's stock price, and some non-operating profit or loss items. For details, please refer to "(4) Future outlook" under "1. Qualitative information on consolidated financial results for the fiscal year ended May 31, 2022" on page 7 of the attached materials.

* Notes

1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
2. Changes in accounting policies, changes in accounting estimates, and restatement
3. 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

Note: For details, please refer to the section of "Changes in accounting policies" of "(5) Notes to consolidated financial statements" under "3. Consolidated financial statements and significant notes thereto" on page 18 of the attached materials.

(3) Number of issued shares (common shares)

a. Total number of issued shares at the end of the period (including treasury shares)

As of May 31, 2022	124,963,596 shares
As of May 31, 2021	124,734,580 shares

b. Number of treasury shares at the end of the period

As of May 31, 2022	736 shares
As of May 31, 2021	160 shares

c. Average number of outstanding shares during the period

Fiscal year ended May 31, 2022	124,841,631 shares
Fiscal year ended May 31, 2021	124,590,310 shares

Note: The Company implemented a stock split of common shares at a ratio of 4-for-1 on December 1, 2021. Therefore, total number of issued shares at the end of the period, number of treasury shares at the end of the period, and average number of outstanding shares during the period are calculated on the assumption that said splitting of shares had been made at the beginning of the previous fiscal year.

(Reference) Overview of non-consolidated financial results

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	20,057		25.0	683	(10.7)	1,651	141.3	1,429	191.4
May 31, 2021	16,042		20.1	765	0.9	684	41.4	490	26.3
	Basic earnings per	Diluted earnings per
	share		share
Fiscal year ended			Yen		Yen
May 31, 2022			11.45		11.28
May 31, 2021			3.94		3.88

Note: The Company implemented a stock split of common shares at a ratio of 4-for-1 on December 1, 2021. Therefore, basic earnings per share and diluted earnings per share are calculated on the assumption that said splitting of shares had been made at the beginning of the previous fiscal year.

(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		27,202	13,128	47.7	105.06
May 31, 2021		24,610	12,933	52.3	103.68
Reference: Equity
	As of May 31, 2022:	¥12,986 million
	As of May 31, 2021:	¥12,867 million

Note: The Company implemented a stock split of common shares at a ratio of 4-for-1 on December 1, 2021. Therefore, net assets per share are calculated on the assumption that said splitting of shares had been made at the beginning of the previous fiscal year.

• Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
• Proper use of earnings forecasts, and other special matters
  Forward-looking statements, including the consolidated forecasts stated in these materials, are based on information currently available to the Company and certain assumptions deemed reasonable. Results may differ materially from the consolidated forecasts due to various factors.

	Sansan, Inc. (TSE 4443)
	Financial Results for FY2021 Q4
Attached Material
	Index
1. Qualitative information on consolidated financial results for the fiscal year ended May 31, 2022	.......... 2
(1)	Explanation of operating results .........................................................................................................	2
(2)	Review of financial position...............................................................................................................	6
(3)	Overview of cash flows ......................................................................................................................	6
(4)	Future outlook ....................................................................................................................................	7
2. Basic concept regarding selection of accounting standards ......................................................................	9
3. Consolidated financial statements and significant notes thereto.............................................................	10
(1)	Consolidated balance sheet ..............................................................................................................	10
(2)	Consolidated statement of income and consolidated statement of comprehensive income .............	12
	Consolidated statement of income....................................................................................................	12
	Consolidated statement of comprehensive income ..........................................................................	13
(3)	Consolidated statement of changes in equity ...................................................................................	14
(4)	Consolidated statement of cash flows ..............................................................................................	16
(5)	Notes to consolidated financial statements.......................................................................................	18
	Notes on premise of going concern ..................................................................................................	18
	Notes on significant changes in the amount of shareholders' equity................................................	18
	Changes in accounting policies ........................................................................................................	18
	Additional information .....................................................................................................................	18
	Segment information ........................................................................................................................	18
	Per share information .......................................................................................................................	22
	Significant events after reporting period ..........................................................................................	23

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