Feb 14th, 2022

Company name

CrowdWorks, Inc.

Representative

Koichiro Yoshida

President and CEO

(TSE Mothers Code:3900）

Contact

Takatsugu Tsukii

Director

Notice of Revision (Upward Revision) of Consolidated Financial Forecast for the Fiscal Year

Ending September 30, 2022

At a meeting held on February 14, 2022, the Board of Directors of the Company decided to revise the consolidated financial forecast for the fiscal year ending September 30, 2022 (October 1, 2021 to September 30, 2022), which was announced on November 15, 2021, as follows.

1. Revision of full-year financial forecast for the fiscal year ending September 30, 2022 (October 1, 2021 to September 30, 2022)

Profit

Net sales

Operating

Ordinary

Net Profit

attributable to

profit

profit

owners of

parent

Million yen

Million yen

Million yen

Million yen

Yen

Previous forecasts(A)

8,861

700

-

-

-

～9,264

Revised forecasts (B)

10,000

750

-

-

-

Change (B-A)

736

50

-

-

-

~1,139

Rate of changes (%)

7.9

7.1%

-

-

-

~12.9%

2.Reason for Revision of Financial Forecasts

As stated in the "Notice of Release of Consolidated Financial Forecast in Accordance with Transition to Consolidated Financial Statements" released on November 15, 2021, we have been working to improve productivity and raise unit prices in order to achieve growth and increase profits under our policy of selection and concentration on the matching business. We have upwardly revised our net sales forecast due to strong growth in the engineer/designer and clerical/assistant fields in the first quarter. Operating profit also reached a record high of 303 million yen in the first quarter. However, we have decided to reinvest the operating profit generated above the initial plan for further growth in gross profit, resulting in an increase of 50 million yen.

Please see below for the revised financial forecast for the fiscal year ending September 30, 2022 and comparison with the previous fiscal year.

3. Consolidated Financial Forecast for the Fiscal Year Ending September 30, 2022

Since the Company has shifted to consolidated financial statements again from the fiscal year ending September 30, 2022, year-on-year comparisons are not provided.

Please see "[Reference] Comparison with Consolidated Conversion Results for the Fiscal Year Ended

1

September 30, 2021" below for a comparison of consolidated conversion results for the fiscal year ended September 30, 2021.

(% figures show year-on-year increase or decrease)

GMV

Net sales

Gross profit

Operating profit

Non-GAAP

(Gross merchandise

operating profit

value)

Million

%

Million

%

Million

%

Million

%

Million

%

yen

yen

yen

yen

yen

FY2022

Full year Forecast

18,500

-

10,000

-

4,600

-

750

-

850

-

(Consolidated)

[Appendix]

FY2021

15,347

-

7,769

-

3,484

-

575

-

593

-

Full-year Result

(Non-consolidated)

(Note 1) Since the Company has shifted to consolidated financial results from the fiscal year ending September 30, 2022, year-on-year comparisons are not provided.

(Note 2) The Company discloses non-GAAP operating profit as a measure of its essential operating performance. non-GAAP operating profit is the sum of financial accounting figures (Japan GAAP) exclude stock compensation expense.

[Reference] Comparison with Consolidated Conversion Results for the Fiscal Year Ended September 30, 2021

The Company has converted non-consolidated results for the fiscal year ended September 30, 2021 into consolidated results for the purpose of comparison with the results of past fiscal years.

The consolidated conversion results for the fiscal year ended September 30, 2021 are the results on a consolidated basis, including the results of the consolidated subsidiaries that were absorbed and dissolved after the second quarter of the fiscal year ended September 30, 2021.

As a result, GMV (gross transaction volume) for the fiscal year ending September 30, 2022 is expected to be 18,500 million yen (+17.9% growth), net sales 10,000 million yen (+24.1% growth), gross profit 4,600 million yen (+27.7% growth), operating profit 750 million yen (+24.9% growth), and non-GAAP operating profit, excluding the stock compensation expense is expected to be 850 million yen (+37.3% growth).

(% figures show year-on-year increase or decrease)

GMV

Net sales

Gross profit

Operating profit

Non-GAAP

(Gross merchandise

operating profit

value)

Million

%

Million

%

Million

%

Million

%

Million

%

yen

yen

yen

yen

yen

FY2022

Full year Forecast

18,500

17.9

10,000

24.1

4,600

27.7

750

24.9

850

37.3

(Consolidated)

[Appendix]

FY2021

Full-year Result

15,698

3.2

8,055

7.7

3,600

8.4

600

-

619

-

(Consolidated-Con

version)

(Note 3) Year-on-year changes in the consolidated earnings forecast for the fiscal year ending September 30, 2022 are calculated based on the percentage change from the consolidated results for the fiscal year ended September 30, 2021.

This forecast is based on the assumption that no further declarations of a state of emergency will be issued by the central government owing to a resurgence of COVID-19.

The forecast of financial results is based on the judgment of the Company based on the information currently available. The forecasts are subject to various uncertainties, and actual results may differ from these forecasts. We will review the forecast of future business performance as necessary and announce it in accordance with the disclosure rules.

2

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

CrowdWorks Inc. published this content on 14 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2022 06:52:09 UTC.