COLOPL, INC. Note: This document is a translation from the Japanese original for reference purposes only. In the event of any discrepancy between this translation and the Japanese original, the Japanese original shall prevail.
COLOPL, Inc. assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.
Consolidated Financial Results for the Fiscal Year Ended September 30, 2022
(under Japanese GAAP)
November 9, 2022 | ||
Name of the Listed Company: COLOPL, Inc. | Listed Stock Exchanges: Tokyo Stock Exchange | |
Security code: | 3668 | URL: https://colopl.co.jp/en/ |
Representative: | Takashi Miyamoto, President | |
Contact: | Yoshiaki Harai, Executive Director | Telephone +81-3-6721-7770 |
Scheduled date of ordinary general meeting of shareholders: December 23, 2022 | ||||||||||||
Scheduled date to commence dividend payments: | December 27, 2022 | |||||||||||
Scheduled date to submit securities report: | December 26, 2022 | |||||||||||
Preparation of supplementary materials on financial results: Yes | ||||||||||||
Holding of financial results presentation meeting: | Yes (for institutional investors and analysts) | |||||||||||
(Figures of less than one million are rounded down.) | ||||||||||||
1. Consolidated financial results for the fiscal year ended September 30, 2022 (from October 1, 2020 to September 30, 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 | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||
September 30, 2022 | 32,541 | (12.3) | 4,310 | (31.8) | 5,732 | (26.9) | 2,414 | (20.8) | ||||
September 30, 2021 | 37,125 | (17.7) | 6,320 | (48.4) | 7,843 | (33.5) | 3,047 | (61.8) |
Note: Comprehensive income | Fiscal year ended September 30, 2022: | 3,179 million yen (+1.0% year on year) |
Fiscal year ended September 30, 2021: | 3,148 million yen (-62.8% year on year) |
Basic earnings per share Diluted earnings per share | Return on equity | Return on assets | Operating margin | |||
Fiscal year ended | Yen | Yen | % | % | % | |
September 30, 2022 | 18.84 | 18.83 | 3.2 | 7.0 | 13.2 | |
September 30, 2021 | 23.82 | 23.77 | 4.0 | 9.4 | 17.0 | |
Reference: Share of profit (loss) of entities accounting for using equity method | Fiscal year ended September 30, 2022: - million yen | |||||
Fiscal year ended September 30, 2021: - million yen |
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||||
As of | Million yen | Million yen | % | Yen | |||||||||||
September 30, 2022 | 83,280 | 76,575 | 91.9 | 597.24 | |||||||||||
September 30, 2021 | 80,814 | 75,751 | 93.7 | 591.86 | |||||||||||
Reference: Shareholder's equity | As of September 30, 2022: 76,569 million yen | ||||||||||||||
As of September 30, 2021: 75,750 million yen | |||||||||||||||
(3) Consolidated cash flows | |||||||||||||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash equivalents | ||||||||||||
operating activities | investing activities | financing activities | at end of period | ||||||||||||
Fiscal year ended | Million yen | Million yen | Million yen | Million yen | |||||||||||
September 30, 2022 | 3,637 | (593) | (2,538) | 50,914 | |||||||||||
September 30, 2021 | (3,104) | (10,588) | (3,200) | 49,052 | |||||||||||
2. Cash dividends | |||||||||||||||
Dividend per share | Total dividend | Dividend | Dividend on | ||||||||||||
First | Second | Third | Fiscal year- | Annual | payments | payout ratio | equity | ||||||||
quarter-endquarter-endquarter-end | end | (total) | (consolidated) | (consolidated) | |||||||||||
Fiscal year ended | Yen | Yen | Yen | Yen | Yen | Million yen | % | % | |||||||
September 30, 2021 | ‒ | 0.00 | ‒ | 20.00 | 20.00 | 2,559 | 84.0 | 3.4 | |||||||
September 30, 2022 | ‒ | 0.00 | ‒ | 20.00 | 20.00 | 2,564 | 106.1 | 3.4 | |||||||
Fiscal year ending | |||||||||||||||
September 30, 2023 | ‒ | ‒ | ‒ | ‒ | ‒ | ‒ | |||||||||
(forecast) |
(Note) Dividends for the fiscal year ending September 30, 2023 are not yet decided.
3. Consolidated financial forecasts for the fiscal year ending September 30, 2023 (from October 1, 2022 to September 30, 2023) Given drastic short-term changes in the business environment surrounding the Group, the Company has difficulties in calculating the Group's earnings forecasts properly and reasonably, and therefore refrains from disclosing financial forecasts.
- Notes
-
Changes in significant subsidiaries during the period(Changes in specified subsidiaries resulting in the change in scope of consolidation) Yes
Newly added: One company (COLOPL NEXT No. 8 Fund Investment Partnership) - Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
- Changes in accounting policies due to other than (i): None
- Change in accounting estimates: None
- Restatement: None
-
Changes in significant subsidiaries during the period(Changes in specified subsidiaries resulting in the change in scope of consolidation) Yes
For details, please refer to "3. Consolidated Financial Statements and Major Notes (5) Notes to Consolidated Financial Statements (Changes in accounting policy)" on page 12 of the attached document.
- Number of shares issued (common shares)
- Total number of shares issued at the end of the period (including treasury shares)
As of September 30, 2022 | 129,984,023 shares As of September 30, 2021 | 129,766,034 shares | |||||||||||||
(ii) Number of treasury shares at the end of the period | |||||||||||||||
As of September 30, 2022 | 1,778,544 shares As of September 30, 2021 | 1,778,544 shares | |||||||||||||
(iii) Average number of shares during the period | |||||||||||||||
Fiscal year ended September 30, 2022 | 128,147,982 shares | Fiscal year ended September 30, 2021 | 127,948,756 shares | ||||||||||||
Reference: Summary of non-consolidated results | |||||||||||||||
1. Non-consolidated | financial results for the fiscal year ended September 30, 2022 (from October 1, 2021 to September 30, 2022) | ||||||||||||||
(1) Non-consolidated operating results | (Percentages indicate year-on-year changes.) | ||||||||||||||
Net sales | Operating profit | Ordinary profit | Net profit | ||||||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||||
September 30, 2022 | 23,775 | (14.8) | 3,859 | (30.8) | 4,505 | (19.8) | 1,591 | 33.1 | |||||||
September 30, 2021 | 27,900 | (28.6) | 5,578 | (52.0) | 5,616 | (49.2) | 1,196 | (83.7) | |||||||
Basic earnings per share | Diluted earnings per share | ||||||||||||||
Fiscal year ended | Yen | Yen | |||||||||||||
September 30, 2022 | 12.42 | 12.41 | |||||||||||||
September 30, 2021 | 9.35 | 9.33 | |||||||||||||
(2)Non-consolidated financial position | |||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||||
As of | Million yen | Million yen | % | Yen | |||||||||||
September 30, 2022 | 78,839 | 73,247 | 92.9 | 571.33 | |||||||||||
September 30, 2021 | 76,982 | 73,566 | 95.6 | 574.79 | |||||||||||
Reference: Equity | As of September 30, 2022: 73,247 million yen | ||||||||||||||
As of September 30, 2021: 73,566 million yen |
- 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
Descriptions and statements concerning estimates and forecasts in this material are judgments and assumptions based on information currently available to the Company. Due to the uncertainties inherent in these judgments and assumptions, as well as changes in business management and internal or external conditions, actual results may differ substantially from predictions, and the Company does not guarantee the certainty of any details regarding these future predictions.
○ Accompanying Materials - Contents | ||
1. Overview of Operating Results, etc......................................................................................................................................... | 2 | |
(1) | Summary of Operating Results for the Fiscal Year Ended September 30, 2022................................................................ | 2 |
(2) | Overview of Financial Position for the Fiscal Year under Review .................................................................................... | 2 |
(3) | Overview of Cash Flows for the Fiscal Year under Review .............................................................................................. | 3 |
(4) | Future Outlook................................................................................................................................................................... | 3 |
2. Basic Stance on the Selection of Accounting Standards ......................................................................................................... | 3 | |
3. Consolidated Financial Statements and Major Notes ............................................................................................................. | 4 | |
(1) | Consolidated Balance Sheet............................................................................................................................................... | 4 |
(2) | Consolidated Statement of Income and Consolidated Statement of Comprehensive Income ............................................ | 6 |
(Consolidated Statement of Income)................................................................................................................................ | 6 | |
(Consolidated Statement of Comprehensive Income)...................................................................................................... | 7 | |
(3) | Consolidated Statement of Changes in Equity ................................................................................................................... | 8 |
(4) | Consolidated Statements of Cash Flows ............................................................................................................................ | 10 |
(5) | Notes to Consolidated Financial Statements...................................................................................................................... | 12 |
(Notes on going concern assumptions) ............................................................................................................................ | 12 | |
(Change in accounting policy)......................................................................................................................................... | 12 | |
(Segment information, etc.) ............................................................................................................................................. | 13 | |
(Per share information).................................................................................................................................................... | 15 | |
(Significant subsequent events) ....................................................................................................................................... | 15 |
1. Overview of Operating Results, etc.
(1) Summary of Operating Results for the Fiscal Year Ended September 30, 2022
With the Group's mission, "'Entertainment in Real Life': Making everyday more enjoyable and wonderful through entertainment", the Group has been working to enrich people' s everyday lives through entertainment. The Entertainment Business has been - has been focusing attention to enhance engagement with users in conjunction with existing games, and also focusing on releasing new games. The Investment and Development Business has been investing mainly in IT-related and entertainment companies in Japan and overseas.
As a result, consolidated results for the fiscal year under review were net sales of ¥32,541 million (-12.3% year on year), operating profit of ¥4,310 million ( -31.8% year on year), ordinary profit of ¥5,732 million ( -26.9% year on year), and profit attributable to owners of the parent of ¥2,414 million ( -20.8% year on year).
In addition, the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and other related standards have been applied from the beginning of the current fiscal year. For details, please refer to "3. Consolidated Financial Statements and Major Notes (5) Notes to Consolidated Financial Statements (Changes in accounting policy) (Application of accounting standard for revenue recognition)".
Operating results by business segment are as follows:
The classification of reporting segments was changed from the previous fiscal year, analyzing the results for the fiscal year under review based on the revised structure.
a. Entertainment Business
The Entertainment Business is responsible primarily for the development and operation of games for smartphones.
In games for smartphones that account for a major portion of sales, the DRAGON QUESTWALK, which is a third company IP title (planning and production: SQUARE ENIX CO., LTD., Development: COLOPL, Inc.), celebrated its 3rd anniversary and contributed to the Group's consolidated financial results. In original IP titles, the Group has been operating services to enhance engagement with users by featuring the 8th and 6th anniversaries of the Shironeko Project and Shironeko Tennis, two mainstay titles, since their releases.
As a result, consolidated net sales and operating profit for the fiscal year under review stood at ¥31,817 million and ¥4,661 million, respectively.
b. Investment and Development Business
The Group conducts the Investment and Development Business with a focus on investments in IT-related and entertainment companies in particular.
During the fiscal year under review, the Group received proceeds from the sale of operational investment securities in a fund in which it had invested. In addition, we recorded impairment losses on a portion of our operational investment securities holdings.
As a result, consolidated net sales and the operating loss for the fiscal year under review stood at ¥724 million and ¥353 million, respectively.
-
Overview of Financial Position for the Fiscal Year under Review (Assets)
Current assets at the end of the fiscal year under review increased ¥3,487 million from the end of the previous fiscal year, to ¥77,917 million. This was mainly due to an increase in cash and deposits and operational investment securities.
Non-current assets amounted to ¥5,363 million, a decline of ¥1,021 million from the end of the previous fiscal year. This was mainly due to decreases in deferred tax assets and investment securities, despite an increase in buildings and structures.
As a result, total assets increased ¥2,466 million from the end of the previous fiscal year, to ¥83,280 million.
(Liabilities)
Current liabilities at the end of the fiscal year under review totaled ¥5,694 million, up ¥772 million from the end of the previous fiscal year. This is largely due to a decrease in income taxes payable.
Non-current liabilities amounted to ¥1,011 million, up ¥870 million from the end of the previous fiscal year. This was mainly due to an increase in asset retirement obligations.
As a result, total liabilities increased ¥1,642 million from the end of the previous fiscal year, to ¥6,705 million.
(Net assets)
Net assets at the end of the fiscal year under review totaled ¥76,575 million, up ¥824 million from the end of the previous fiscal year. This was mainly due to an increase in valuation difference on available-for-sale securities.
- 2 -
(3) Overview of Cash Flows for the Fiscal Year under Review
The balance of cash and cash equivalents (hereinafter, "cash") at the end of the fiscal year under review increased ¥1,861 million from the end of the previous fiscal year, to ¥50,914 million. The status of each of the cash flow segments and contributing factors for changes during the fiscal year under review are as follows.
(Cash flows from operating activities)
Net cash provided in operating activities during the fiscal year under review stood at ¥3,637 million (compared to the cash outflow of ¥3,104 million during the previous fiscal year). The main cash inflow was ¥5,732 million in profit before income taxes.
(Cash flows from investing activities)
Net cash used in investing activities during the fiscal year under review came to ¥593 million (compared to the cash outflow of ¥10,588 million during the previous fiscal year). The main cash outflow was 3,623 million yen for the purchase of investment securities.
(Cash flows from financing activities)
Net cash used in financing activities during the fiscal year under review was ¥2,538 million (compared to net cash used in financing activities of ¥3,200 million during the previous fiscal year). The cash outflow was mainly attributable to dividends paid of ¥2,557 million.
(Reference) Changes in cash flow-related indicators | ||||||||||
Fiscal year ended | Fiscal year ended | Fiscal year ended | Fiscal year ended | |||||||
September 30, | September 30, | September 30, | September 30, | |||||||
2018 | 2019 | 2020 | 2021 | |||||||
Shareholders' equity ratio (%) | 91.4 | 92.9 | 88.3 | 93.7 | ||||||
Shareholders' equity ratio at market | 121.3 | 304.2 | 133.7 | 127.5 | ||||||
value (%) | ||||||||||
Ratio of interest-bearing debt to | ‒ | ‒ | ‒ | ‒ | ||||||
operating cash flow (number of years) | ||||||||||
Interest coverage ratio (times) | ‒ | ‒ | ‒ | ‒ | ||||||
Shareholders' equity ratio (%): shareholders' equity / total assets
Shareholders' equity ratio at market value: total market capitalization / total assets
Ratio of interest-bearing debt to cash flows: interest-bearing debt / cash flows
Interest coverage ratio: cash flows / interest expenses paid
(Note) Market capitalization is calculated based on the number of shares outstanding, excluding treasury shares.
Fiscal year ended
September 30,
2022
91.9
104.7
‒
‒
(4) Future Outlook
Looking ahead to the fiscal year ending September 30, 2023, the Group will continue to focus attention to enhance engagement with users in conjunction with existing games, and also achieving sustainable growth by providing new games on a yearly basis. It will also invest actively with a focus on IT-related and entertainment companies in particular.
Given -drasticshort-term changes in the business environment surrounding the Group, the Company has difficulties in calculating the Group's earnings forecasts properly and reasonably, and therefore refrains from disclosing financial forecasts.
2. Basic Stance on the Selection of Accounting Standards
The Group is watching trends in the adoption of the Internal Financial Reporting Standards (IFRS) to make proper decisions on the timing of adoption, etc. No decision therefore has been made on the adoption of the Standards in the foreseeable future.
- 3 -
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Colopl Inc. published this content on 09 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2022 06:10:02 UTC.
