GALA INCORPORATED 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.
February 16, 2024
Consolidated Financial Results
for the Fiscal Year Ended December 31, 2023
(Under Japanese GAAP)
Company name: | Gala Inc. |
Listing: | Tokyo Stock Exchange |
Securities code: | 4777 |
URL: | http://www.gala.jp |
Representative: | Hyunsu Kim, Representative Director and Group CEO |
Inquiries: | Yuki Okamoto, Director and CFO |
Telephone: | +81- 3-6822-6669 |
Scheduled date of annual general meeting of shareholders: | March 23, 2024 |
Scheduled date to commence dividend payments: | ― |
Scheduled date to file annual securities report: | March 25, 2024 |
Preparation of supplementary material on financial results: | Yes |
Holding of financial results briefing: | None |
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated financial results for the fiscal year ended December 31, 2023 (from April 1, 2023 to December 31, 2023)
(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 | % | |||||||||||
December 31, 2023 | 1,497 | ― | △296 | ― | △262 | ― | △230 | ― | |||||||||||
March 31, 2023 | 3,207 | 433.8 | 437 | ― | 400 | ― | 320 | ― | |||||||||||
Note: Comprehensive income For the fiscal year ended December 31, 2023: | △¥250 million | [―%] | |||||||||||||||||
For the fiscal year ended March 31, 2023: | ¥511 million | [―%] | |||||||||||||||||
Basic earnings | Diluted earnings | Return on equity | Ratio of ordinary | Ratio of operating | |||||||||||||||
per share | per share | profit to total assets | profit to net sales | ||||||||||||||||
Fiscal year ended | Yen | Yen | % | % | % | ||||||||||||||
December 31, 2023 | △9.20 | ― | △13.5 | △8.2 | △19.8 | ||||||||||||||
March 31, 2023 | 13.35 | 12.14 | 35.8 | 19.7 | 13.7 | ||||||||||||||
Reference: Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended December 31, 2023:¥― million
For the fiscal year ended March 31, 2023: ¥― million
(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 |
December 31, 2023 | 3,355 | 2,014 | 47.7 | 63.92 |
March 31, 2023 | 3,023 | 2,234 | 60.1 | 72.63 |
Reference: Equity | |
As of December 31, 2023: | ¥1,600 million |
As of March 31, 2023: | ¥1,818 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 |
December 31, 2023 | △130 | △831 | 20 | 932 |
March 31, 2023 | 546 | △271 | 1,280 | 1,839 |
2. Cash dividends
Annual dividends per share | Total cash | Ratio of | ||||||
Payout ratio | dividends to | |||||||
First | Second | Third | Fiscal | dividends | ||||
Total | (Consolidated) | net assets | ||||||
quarter-end | quarter-end | quarter-end | year-end | (Total) | ||||
(Consolidated) | ||||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |
Fiscal year ended | ― | 0.00 | ― | 0.00 | 0.00 | ― | ― | ― |
March 31, 2023 | ||||||||
Fiscal year ended | ― | 0.00 | ― | 0.00 | 0.00 | ― | ― | ― |
December 31, 2023 | ||||||||
Fiscal year ending | ||||||||
December 31, 2024 | ― | ― | ― | ― | ― | ― | ||
(Forecast) | ||||||||
3. Forecast of consolidated financial results for the fiscal year ending December 31, 2024 (from January 1, 2024 to December 31, 2024)
In the Smartphone app business, there is a possibility that the development and download distribution of apps
will not proceed as planned. Therefore, it is extremely difficult to predict billing revenues from apps after download distribution has started. In the Online game business, it is extremely difficult to forecast earnings from upgrades to existing titles. There is also a possibility that the development of the HTML5 game business will not proceed as planned and it is extremely difficult to predict billing revenues for the business. In addition, for the Group's new businesses, the Cloud-related business, the Treehouse resort business, the Meta Campus business and the VFX business, it is extremely difficult to forecast earnings appropriately as their profit or loss is highly contingent on changes in the environment surrounding the business and other factors. Therefore, we have refrained from announcing earnings forecasts for these businesses.
* Notes
-
Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): No
Newly included: ―
Excluded: ― - Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards and other regulations: None
- Changes in accounting policies due to other reasons: None
- Changes in accounting estimates: None
- Restatement: None
- Number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2023
As of March 31, 2023
25,035,700 shares
25,035,700 shares
(ii) Number of treasury shares at the end of the period
As of December 31, 2023
As of March 31, 2023
- shares
- shares
(iii) Average number of shares outstanding during the period
Fiscal year ended December 31, 2023
Fiscal year ended March 31, 2023
25,035,700 shares
24,004,594 shares
- Financial results reports are exempt from audits conducted by certified public accountants or an audit corporation.
-
Proper use of earnings forecasts, and other special matters: (Change in fiscal year-end)
Due to a change in the fiscal year end, the fiscal year ended December 31, 2023 was a nine-month period from April 1, 2023 to December 31, 2023. Therefore, the year-on-year percentage increase/decrease for the fiscal year ended December 31, 2023 is not shown in (1) Consolidated operating results.
(Disclaimer on forward-looking statements, etc.)
The forward-looking statements in this document are based on information currently available to the Company and certain assumptions that the Company deems reasonable. Actual results may differ significantly due to various factors.
(How to obtain supplementary documents on financial results)
Supplementary materials on financial results will be posted on the Company's website after the announcement of financial results.
○Additional Information
1. Summary of Operating Results…………………………………………………………………………………………… | 2 | |
(1) | Summary of Current Period Operating Results………………………………………………………………………… | 2 |
(2) | Summary of Current Period Financial Positions……………………………………………………………………… | 4 |
(3) | Summary of Current Period Cash Flows…………………………….………………………………………………… | 5 |
2. Basic Approach to Selection of Accounting Standards…………………………………………………………………… | 5 | |
3. Consolidated Financial Statements and Principal Notes…………………………………………………………………… | 6 | |
(1) | Consolidated Balance Sheet …………………………………………………………………………………………… | 6 |
(2) | Consolidated Statement of Income and Consolidated Statement of Comprehensive Income………………………… | 8 |
Consolidated Statement of Income…………………………………………………………………………………… | 8 | |
Consolidated Statement of Comprehensive Income………………………………………………………………… | 9 | |
(3) | Consolidated Statement of Changes in Equity………………………………………………………………………… | 10 |
(4) | Consolidated Statement of Cash Flows ………………………………………………………………………………… | 12 |
(5) | Notes to the Consolidated Financial Statements……………………………………………………………………… | 14 |
(Notes on Going Concern Assumptions)…………………………………………………………………………… | 14 | |
(Segment Information) ……………………………………………………………………………………………… | 14 | |
(Per Share Information) ……………………………………………………………………………………………… | 17 | |
(Significant Subsequent Events) …………………………………………………………………………………… | 18 |
1． Summary of Operating Results
At the 30th annual meeting of shareholders held on June 24, 2023, Gala Inc. (the "Company") and its consolidated subsidiaries (hereinafter referred to as the "Group") partially amended its Articles of Incorporation and changed its fiscal year end from March 31 to December 31, effective from the current fiscal year. As a result, the current fiscal year is a nine-month period from April 1, 2023 to December 31, 2023, and therefore, the year-on-year comparisons in (1) Summary of Current Period Operating Results and (3) Summary of Current Period Cash Flows have been omitted.
(1) Summary of Current Period Operating Results
During the current fiscal year, the Japanese economy showed a gradual recovery with the normalization of economic and social activities. On the other hand, the future of the economy remains uncertain due to the prolonged situation in Ukraine and soaring prices. Under these circumstances, the Group has advanced its businesses including the Online game business, Smartphone app business, HTML5 game business, Meta Campus business, and newly added VFX business, with the aim of becoming "the world's No. 1 global online community company."
The Group's operating results for the current fiscal year are summarized as follows:
Consolidated net sales for the current fiscal year totaled 1,497,932 thousand yen. This was mainly due to sales of "Flyff Universe," an HTML5 game released in the previous fiscal year.
Cost of sales was 539,821 thousand yen. This was mainly due to royalties paid for the HTML5 game "Flyff Universe." Selling, general and administrative expenses totaled 1,254,558 thousand yen. The main components were directors'
compensations of 234,055 thousand yen, salaries and allowances of 323,323 thousand yen, advertising expenses of 160,577 thousand yen, and commission fees of 159,251 thousand yen. Advertising expenses are mainly marketing expenses for "Flyff Universe" and commission fees are mainly outsourcing expenses for Meta Campus business.
In addition, non-operating income/expenses and extraordinary income/losses included interest income of 13,689 thousand yen, foreign exchange gains of 9,529 thousand yen, secondment fee income of 7,958 thousand yen, and gain on valuation of crypto assets of 5,655 thousand yen as non-operating income, interest expenses of 4,982 thousand yen as non-operating expenses, and loss on retirement of non-current assets of 3,372 thousand yen as extraordinary loss.
As a result, the Group's operating loss was 296,448 thousand yen, ordinary loss was 262,323 thousand yen, and loss attributable to owners of parent was 230,422 thousand yen.
The Group's operating results by each segment are summarized as follows:
(i) Japan
In the Japan segment, the Company launched the smartphone game application "Rappelz" developed by a consolidated subsidiary Gala Lab Corp. in the U.S. and Canada in October 2021, but the service was temporarily terminated in November 2022. Currently, "Rappelz" is being renewed as "Rappelz Universe," an NFT game/blockchain game (*1) by combining blockchain technology with "Rappelz" and is being prepared for release in the global area. The NFT game/blockchain game is a game in which items in the game are converted to NFT (*3) using blockchain (*2), a crypto asset infrastructure technology, and users can buy and sell items obtained in the game on exchanges and other venues by converting them into crypto assets. The segment will further enhance the appeal of games through these measures and focus on the monetization of the Smartphone app business. We are currently preparing for the release of "Rappelz Universe", however, the service launch date has not been determined at this time due to the time required to study the legal and tax aspects in Korea for the crypto assets used in the game.
In addition, Treeful Inc., a consolidated subsidiary of the Company, is engaged in a new business, the Treehouse resort business in Nago City, Okinawa Prefecture, which offers guests a treehouse and an aero-house, a building on the ground, as a single set. Following the approval of the "Application for Ryokan Business License under the Ryokan Business Law" in July 2021, Treeful Inc. opened the Treehouse Resort in August 2021 as the first paid treehouse accommodation provider in Japan.
With the concept of a "Sustainable Resort", the Treehouse Resort aims the establishment of a sustainable society by using electricity instead of fossil fuel and generating solar power larger than actual usage. The Group intends to deploy the Treehouse resort business not only in Japan but also overseas and halt deforestation overseas by creating value in the forest business. As a first step in the overseas expansion of the Treehouse resort business, Treeful Inc. established TREEFUL (CAMBODIA) Co., Ltd. in Cambodia in November 2023. It aims to generate stable revenue through treehouses as a sustainable luxury resort hotel and create a path to coexistence between forests and human society.
In terms of expenses, the segment recorded 3,101 thousand yen in cost of sales and 313,295 thousand yen in selling, general and administrative expenses. The main components of selling, general and administrative expenses were 136,854 thousand yen in directors' compensations, 42,069 thousand yen in salaries and allowances, 28,509 thousand yen in fee expenses, and 26,788 thousand yen in outsourcing expenses.
As a result, net sales in the Japan segment totaled 47,695 thousand yen (including internal transactions), and the segment loss amounted to 294,358 thousand yen.
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(ii) Korea
In the Korea segment, net sales of the HTML5 game "Flyff Universe," launched in May 2022, amounted to 837,642 thousand yen. HTML5 games are highly accessible games that can be played from various devices, including PCs and smartphones, without downloading. In July 2023, Gala Lab Corp., BPMG Co., Ltd., and Wemade Connect Co., Ltd. signed a strategic partnership agreement on publishing and game business for the NFT game/blockchain game "Flyff Universe," which combines elements of the HTML5 game "Flyff Universe" with Play To Earn (P2E) (*4) elements using blockchain technology. We are currently preparing for the release of the NFT game/blockchain game "Flyff Universe," however, the service launch date has not been determined at this time for the same reason as "Rappelz Universe."
In November 2023, Gala Lab Corp. signed an agreement with Wemade Play Co., Ltd. to develop an HTML5 version game utilizing the IP of the mobile game "AniPang" developed by the company which became a big hit in Korea. We will also focus on the development of HTML5 games using IPs of other companies' games and the Group's HTML5 game development capabilities.
In the Smartphone app business, net sales totaled 180,846 thousand yen. Currently, Gala Lab Corp. provides the smartphone game application "Flyff Legacy," and consolidated subsidiary Gala Mix Inc. provides the pedometer application "winwalk" and the smartphone applications "winQuiz" and "Poll Cash".
In the Online Game business, net sales totaled 269,265 thousand yen. The Company provides services for "Flyff Online" and "Rappelz Online," the flagship games of Gala Lab Corp., and is currently advancing the licensing and channeling (*5) deployment.
As another measure to contribute to earnings, Gala Lab Corp. is engaged in the Metaverse (*6) campus platform "UVERSE" business (the "Meta Campus business") with LG Uplus Corp., a major Korean electronics and telecommunications company, and Megazone Corporation, one of the largest Korean digital IT companies. The Meta Campus business will develop and build a virtual campus using the Metaverse platform, and provide educational institutions such as universities with the Metaverse platform as a community space for students and as a venue for events such as entrance exam information sessions. Gala Lab Corp. will develop the Metaverse platform, LG Uplus Corp. will be in charge of attracting schools and marketing, and Megazone Corporation will provide cloud computing and other infrastructure. Currently, Gala Lab Corp. has contracts with several well- known universities to provide services, and the Meta Campus business recorded net sales of 121,687 thousand yen.
At the Board of Directors meeting held on September 11, 2023, the Company resolved to underwrite a third-party allotment of new shares to be conducted by ROAD101 Co., Ltd. in Korea and to make the company a subsidiary. On September 14, 2023, the Company acquired shares in the company. With this acquisition, the Group started the VFX business as a new business.
VFX stands for visual effects and refers to the technology used to achieve screen effects that cannot be seen in reality in movies, TV dramas and other visual productions. The VFX business produces a movie, commercial and other content using the VFX technology.
In terms of expenses, the segment recorded 536,720 thousand yen in cost of sales and 928,726 thousand yen in selling, general and administrative expenses. Selling, general and administrative expenses consisted mainly of 97,200 thousand yen in directors' compensations, 281,254 thousand yen in salaries and allowances, 171,533 thousand yen in fee expenses, and 160,520 thousand yen in advertising expenses. Advertising expenses were mainly for marketing activities related to "Flyff Universe."
As a result, net sales in the Korea segment totaled 1,485,489 thousand yen (including internal transactions), and segment profit totaled 20,042 thousand yen.
(*1) NFT games/blockchain games are games in which in-game items are "NFT-ized" using blockchain (*2), a crypto asset infrastructure technology. It is also referred to as GameFi (a combination of Game and Decentralized Finance).
(*2) Blockchain is a method of synchronously recording transaction information and other data by combining cryptographic technology with multiple computers that make up a decentralized network. The data of transactions over a certain period of time is compiled into blocks, which are verified by computers to accumulate correct records in a chain-like manner.
(*3) NFT (Non-Fungible Token) refers to "digital data with a certificate of authenticity and ownership that cannot be forged" and, like crypto assets, is digital data issued and traded on the blockchain.
(*4) Blockchain games are called Play To Earn (P2E) if income or points earned in the blockchain games can be converted into crypto assets and traded on exchanges, etc.
(*5) Channeling is a service that allows users to play online games on other companies' game portals.
(*6) Metaverse is a synthetic word made up of meta (meaning "super") and universe, and it is a multi-player 3D virtual space built on the Internet in which multiple people can participate and act freely. Users can explore the world and communicate with other users by entering the virtual space through their alter egos, called avatars. In addition, users can create their own games and monetize them by letting other users play them, and users can build a system that allows them to buy and sell in-game items and other items as NFT (*3) with other users using crypto assets.
Sales by business segment are as follows:
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For the fiscal year ended | For the fiscal year ended | |||
March 31, 2023 | December 31, 2023 | |||
(April 1, 2022 to March 31, 2023) | (April 1, 2023 to December 31, 2023) | |||
Amount | Composition ratio | Amount | Composition ratio | |
(Thousands of yen) | (%) | (Thousands of yen) | (%) | |
Online game business | 359,466 | 11.2 | 269,265 | 18.0 |
Smartphone app business | 255,330 | 8.0 | 180,846 | 12.1 |
HTML5 game business | 2,443,327 | 76.2 | 837,642 | 55.9 |
Meta Campus business | 50,356 | 1.6 | 121,687 | 8.1 |
VFX business | － | － | 37,453 | 2.5 |
Other businesses | 99,299 | 3.0 | 51,035 | 3.4 |
Total | 3,207,780 | 100.0 | 1,497,932 | 100.0 |
(Note) In the breakdown of sales by business segment, amounts less than one thousand yen are rounded down.
- Summary of Current Period Financial Positions
- Assets
Current assets decreased by 21.1% from the end of the previous fiscal year to 1,721,174 thousand yen. This was mainly due to a decrease of 494,070 thousand yen in cash and deposits partially offset by increases of 24,146 thousand yen in prepaid expenses and 19,454 thousand yen in accounts receivable-other. The decrease in cash and deposits was mainly due to 223,133 thousand yen in purchase of shares of subsidiaries resulting in change in scope of consolidation as a result of the inclusion of ROAD101 Co., Ltd. in the scope of consolidation and 188,275 thousand yen in purchase of property, plant and equipment.
Non-current assets increased by 94.2% from the end of the previous fiscal year to 1,634,668 thousand yen. This was mainly due to increases of 84,448 thousand yen in machinery, equipment and vehicles, 36,555 thousand yen in tools, furniture and fixtures, 171,226 thousand yen in construction in progress, 354,449 thousand yen in goodwill, and 55,239 thousand yen in lease and guarantee deposits. The increases in machinery, tools, furniture and fixtures, goodwill, and lease and guarantee deposits were mainly due to the inclusion of ROAD101 Co., Ltd. in the scope of consolidation. The increase in construction in progress was due to the recording of construction in progress related to the treehouses and aero-houses under construction by Treeful Inc.
As a result, total assets increased by 11.0% from the end of the previous fiscal year to 3,355,843 thousand yen.
(b) Liabilities
Current liabilities increased by 155.5% from the end of the previous fiscal year to 796,134 thousand yen. This was mainly due to increases in short-term loans payable by 270,000 thousand yen, accrued expenses by 65,497 thousand yen, advances received by 36,984 thousand yen, and unearned revenue by 59,666 thousand yen. The increases in short-term loans payable, accrued expenses, and advances received were mainly due to the inclusion of ROAD101 Co., Ltd. in the scope of consolidation. The increase in unearned revenue was due to the signing of a strategic alliance agreement for publishing and game business related to NFT games/blockchain games.
Non-current liabilities increased by 14.3% from the end of the previous fiscal year to 545,152 thousand yen. This was mainly due to a 19,979 thousand yen increase in long-term loans payable and a 42,360 thousand yen increase in net defined benefit liability. The increase in long-term loans payable was mainly due to the inclusion of ROAD101 Co., Ltd. in the scope of consolidation. The increase in net defined benefit liability was mainly due to an increase in retirement benefit obligations at Gala Lab Corp.
As a result, total liabilities increased by 70.1% from the end of the previous fiscal year to 1,341,287 thousand yen.
(c) Net Assets
Net assets decreased by 9.9% from the end of the previous fiscal year to 2,014,555 thousand yen. This was mainly due to a decrease in retained earnings of 230,422 thousand yen. Retained earnings were due to loss attributable to owners of parent.
(3) Summary of Current Period Cash Flows
Cash and cash equivalents (hereinafter referred to as "cash") at the end of the current fiscal year amounted to 932,628 thousand yen.
(a) Cash Flows from Operating Activities
Net cash used in operating activities totaled 130,852 thousand yen. This was mainly due to cash inflows from 39,224 thousand yen in depreciation, 49,025 thousand yen increase in unearned revenue, and 29,661 thousand yen increase in net defined benefit liability, as well as cash outflows from 265,379 thousand yen in loss before income taxes, 30,578 thousand yen decrease in accounts
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payable-other, 22,250 thousand yen increase in prepaid expenses, and 20,770 thousand yen decrease in long-term unearned revenue.
(b) Cash Flows from Investing Activities
Net cash used in investing activities totaled 831,409 thousand yen. The main cash outflows were payments into time deposits of 411,448 thousand yen, purchase of property, plant and equipment of 188,275 thousand yen, and purchase of shares of subsidiaries resulting in change in scope of consolidation of 223,133 thousand yen.
(c) Cash Flows from Financing Activities
Net cash provided by financing activities amounted to 20,761 thousand yen. This was mainly due to cash inflows from an increase in short-term loans payable of 28,000 thousand yen and proceeds from share issuance to non-controlling shareholders of 4,954 thousand yen, as well as cash outflows from repayments of long-term loans payable of 12,193 thousand yen.
2． Basic Approach to Selection of Accounting Standards
The Group prepares its consolidated financial statements in accordance with Japanese GAAP. The Group intends to consider the application of International Financial Reporting Standards (IFRS) in light of various circumstances in Japan and overseas.
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3． Consolidated Financial Statements and Principal Notes
(2) Consolidated Balance Sheet
(Thousands of yen) | ||
Previous fiscal year | Current fiscal year | |
As of March 31, 2023 | As of December 31, 2023 | |
Assets | ||
Current assets | ||
Cash and deposits | 1,839,156 | 1,345,086 |
Accounts receivable - trade | 259,666 | 262,512 |
Inventories | 1,277 | 3,735 |
Accounts receivable - other | 2,672 | 22,126 |
Prepaid expenses | 5,084 | 29,231 |
Crypto assets | 26,037 | 33,514 |
Other | 48,105 | 25,821 |
Allowance for doubtful accounts | △294 | △853 |
Total current assets | 2,181,705 | 1,721,174 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 188,462 | 217,906 |
Accumulated depreciation | △15,578 | △50,072 |
Buildings and structures, net | 172,883 | 167,834 |
Machinery, equipment and vehicles | 11,025 | 236,357 |
Accumulated depreciation | △4,776 | △145,659 |
Machinery, equipment and vehicles, net | 6,249 | 90,698 |
Tools, furniture and fixtures | 36,409 | 190,230 |
Accumulated depreciation | △24,475 | △141,740 |
Tools, furniture and fixtures, net | 11,934 | 48,489 |
Land | 46,294 | 46,294 |
Construction in progress | 35,971 | 207,197 |
Total property, plant and equipment | 273,334 | 560,514 |
Intangible assets | ||
Goodwill | 92,846 | 447,296 |
Other | 16,420 | 64,027 |
Total intangible assets | 109,267 | 511,324 |
Investments and other assets | ||
Investment securities | 229 | 250 |
Lease and guarantee deposits | 10,480 | 65,719 |
Long-term prepaid expenses | 175,666 | 208,175 |
Deferred tax assets | 272,693 | 288,684 |
Total investments and other assets | 459,069 | 562,829 |
Total non-current assets | 841,671 | 1,634,668 |
Total assets | 3,023,377 | 3,355,843 |
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(Thousands of yen) | |||
Previous fiscal year | Current fiscal year | ||
As of March 31, 2023 | As of December 31, 2023 | ||
Liabilities | |||
Current liabilities | |||
Accounts payable - trade | 18 | 3,321 | |
Short-term loans payable | － | 270,000 | |
Current portion of long-term loans payable | 9,600 | 15,623 | |
Accounts payable - other | 159,582 | 173,614 | |
Accrued expenses | 16,597 | 82,095 | |
Advances received | 29,815 | 66,800 | |
Unearned revenue | 68,666 | 128,333 | |
Income taxes payable | 6,624 | 5,914 | |
Provision for reward | 13,251 | 20,446 | |
Provision for bonuses | 2,543 | 820 | |
Other | 4,900 | 29,165 | |
Total current liabilities | 311,600 | 796,134 | |
Non-current liabilities | |||
Long-term loans payable | 31,200 | 51,179 | |
Long-term unearned revenue | 262,873 | 260,385 | |
Deferred tax liabilities | 69 | 5,751 | |
Net defined benefit liability | 182,862 | 225,223 | |
Other | － | 2,612 | |
Total non-current liabilities | 477,005 | 545,152 | |
Total liabilities | 788,605 | 1,341,287 | |
Total liabilities | |||
Shareholders' equity | |||
Capital stock | 4,213,860 | 4,213,860 | |
Capital surplus | 2,859,465 | 2,857,691 | |
Retained earnings | △4,890,961 | △5,121,383 | |
Total shareholders' equity | 2,182,364 | 1,950,168 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 158 | 172 | |
Foreign currency translation adjustment | △364,278 | △350,117 | |
Total accumulated other comprehensive income | △364,120 | △349,945 | |
Share acquisition rights | 29,438 | 29,438 | |
Non-controlling interests | 387,088 | 384,894 | |
Total net assets | 2,234,771 | 2,014,555 | |
Total liabilities and net assets | 3,023,377 | 3,355,843 |
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Gala Inc. published this content on 01 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2024 11:12:23 UTC.
