GURUNAVI, INC. Translation
November 2, 2022
Consolidated Financial Results
for the Second Quarter of the Fiscal Year Ending March 31, 2023
Name of the Listed Company: | Gurunavi, Inc. |
Listed Stock Exchanges: | Tokyo Stock Exchange |
Stock Code: | 2440 |
URL: | https://corporate.gnavi.co.jp/en/ |
Representative: | Akio Sugihara, President and Representative Director |
Contact: | Teruhisa Yamada, Senior Managing Executive Officer |
TEL: +81-3-6744-6463 |
Scheduled date to submit Quarterly Securities Report: | November 4, 2022 |
Scheduled date to commence dividend payments: | - |
Preparation of supplementary materials on quarterly financial results: Yes | |
Holding of quarterly financial results presentation meeting: | Yes (for institutional investors and analysts) |
(Millions of yen with fractional amounts discarded, unless otherwise noted.)
1. Consolidated financial results for the second quarter of the fiscal year ending March
31, 2023 (from April 1, 2022 to September 30, 2022)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-on-year changes.) | |||||||||
Net sales | Operating income | Ordinary income | Net income attributable | |||||||
to owners of parent | ||||||||||
Six months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||
September 30, 2022 | 5,865 | (3.9) | (1,609) | - | (1,565) | - | (1,405) | - | ||
September 30, 2021 | 6,105 | 4.8 | (2,170) | - | (2,176) | - | (2,240) | - | ||
Note: | Comprehensive | income | ||||||||
Six months ended September 30, 2022: ¥(1,354) million | [ | -%] | ||||||||
Six months ended September 30, 2021: ¥(2,214) million | [ | -%] | ||||||||
Basic earnings | Diluted earnings | |||||||||
per share | per share | |||||||||
Six months ended | Yen | Yen | ||||||||
September 30, 2022 | (26.96) | - | ||||||||
September 30, 2021 | (47.75) | - | ||||||||
(2) Consolidated financial position | ||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | |||||||
As of | Millions of yen | Millions of yen | % | Yen | ||||||
September 30, 2022 | 13,502 | 7,491 | 54.9 | 102.49 | ||||||
March 31, 2022 | 12,107 | 8,851 | 72.4 | 127.66 | ||||||
Reference: | Equity | |||||||||
As of September 30, 2022: | ¥7,413 million | As of March 31, 2022: | ¥8,767 million |
- 1 -
2. Cash dividends
Annual dividends | ||||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | ||
Yen | Yen | Yen | Yen | Yen | ||
Fiscal year ended | - | 0.00 | - | 0.00 | 0.00 | |
March 31, 2022 | ||||||
Fiscal year ending | - | 0.00 | ||||
March 31, 2023 | ||||||
Fiscal year ending | ||||||
March 31, 2023 | - | 0.00 | 0.00 | |||
(Forecast) | ||||||
Note: | Revisions to the | cash dividend forecasts | most recently announced: None |
3. Consolidated earnings forecasts for the fiscal year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
(Percentages indicate year-on-year changes.)
Net income | Basic earnings | |||||||||
Net sales | Operating income | Ordinary income | attributable to | |||||||
per share | ||||||||||
owners of parent | ||||||||||
Millions of | Millions of | Millions of | Millions of | |||||||
yen | % | yen | % | yen | % | yen | % | Yen | ||
Fiscal year ending | 12,800 | (0.4) | (2,550) | - | (2,550) | - | (2,400) | - | (46.42) | |
March 31, 2023 | ||||||||||
Note: | Revisions to the | consolidated earnings | forecasts most recently announced: None |
* Notes
- Changes in significant subsidiaries during the six months under review (changes in specified subsidiaries resulting in change in scope of consolidation): None
- Application of special accounting for preparing quarterly consolidated financial statements: Yes
- Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements after error corrections
- 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 of prior period financial statements after error corrections: None
- 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 | 56,124,500 shares |
As of March 31, 2022 | 56,124,500 shares |
- Number of treasury shares at the end of the period
As of September 30, 2022 | 1,128,462 shares |
As of March 31, 2022 | 1,128,462 shares |
- Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2022 | 54,996,038 shares |
Six months ended September 30, 2021 | 46,917,838 shares |
- Quarterly financial results are exempt from quarterly review 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. Consequently, any statements herein do not constitute assurances regarding actual results by the Company. Actual business and other results may differ materially due to various factors.
- 2 -
Cash dividends on class shares
The breakdown of per-share dividends on class shares with different shareholders' rights than for common shares is as follows.
Class A preferred shares | Annual dividends | ||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | |
Yen | Yen | Yen | Yen | Yen | |
Fiscal year ended | - | - | - | 13.808 | 13.808 |
March 31, 2022 | |||||
Fiscal year ending | - | - | |||
March 31, 2023 | |||||
Fiscal year ending | |||||
March 31, 2023 | - | 45.000 | 45.000 | ||
(Forecast) |
- 3 -
Quarterly consolidated financial statements
(1) Consolidated balance sheet
(Thousands of yen) | |||
As of March 31, 2022 | As of September 30, 2022 | ||
Assets | |||
Current assets | |||
Cash and deposits | 6,962,974 | 8,809,124 | |
Notes and accounts receivable - trade | 2,661,470 | 1,995,463 | |
Accounts receivable - other | 740,092 | 762,954 | |
Other | 467,176 | 426,143 | |
Allowance for doubtful accounts | (139,740) | (65,465) | |
Total current assets | 10,691,973 | 11,928,219 | |
Non-current assets | |||
Property, plant and equipment | - | 306,915 | |
Intangible assets | - | 222,574 | |
Investments and other assets | 1,415,841 | 1,044,682 | |
Total non-current assets | 1,415,841 | 1,574,172 | |
Total assets | 12,107,815 | 13,502,391 | |
Liabilities | |||
Current liabilities
Notes and accounts payable - trade
Income taxes payable
Provision for bonuses
Provision for point card certificates
Accounts payable - other
Deposits received
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
99,579 | 66,914 |
34,151 | 12,604 |
239,077 | 471,574 |
19,849 | 14,420 |
1,302,249 | 930,025 |
1,040,262 | 1,738,718 |
399,144 | 393,818 |
3,134,315 | 3,628,077 |
- | 2,200,000 |
119,444 | 156,271 |
2,195 | 26,205 |
121,640 | 2,382,477 |
3,255,955 | 6,010,554 |
100,000 | 100,000 |
8,745,596 | 8,745,596 |
2,929,632 | 1,523,827 |
(2,996,438) | (2,996,438) |
8,778,790 | 7,372,985 |
(33,675) | |
(28,297) | |
22,718 | 68,635 |
Total accumulated other comprehensive income | (10,957) | 40,338 |
Share acquisition rights | 84,026 | 78,513 |
Total net assets | 8,851,859 | 7,491,837 |
Total liabilities and net assets | 12,107,815 | 13,502,391 |
- 4 -
- Consolidated statement of income and consolidated statement of comprehensive income Consolidated statement of income (cumulative)
(Thousands of yen) | ||
Six months ended | Six months ended | |
September 30, 2021 | September 30, 2022 | |
Net sales | 6,105,077 | 5,865,068 |
Cost of sales | 2,450,866 | 2,493,923 |
Gross profit | 3,654,211 | 3,371,145 |
Selling, general and administrative expenses | 5,824,908 | 4,980,908 |
Operating loss | (2,170,696) | (1,609,763) |
Non-operating income
Gain on sales of supplies
Dividend income
Penalty income
Other
Total non-operating income
Non-operating expenses
Commitment fees
Interest expenses
Other
Total non-operating expenses
Ordinary loss
Extraordinary income
Gain on reversal of asset retirement obligations Gain on sale of investment securities
Gain on reversal of share acquisition rights
Total extraordinary income
Extraordinary losses
Loss on cancellation of rental contracts Loss on valuation of investment securities
21,606 | 17,119 |
5,814 | 12,214 |
- | 11,000 |
15,469 | 12,202 |
42,890 | 52,536 |
48,539 | 5,010 |
- | 2,452 |
583 | 858 |
49,122 | 8,322 |
(2,176,929) | (1,565,548) |
- | 48,241 |
- | 290,290 |
- | 6,239 |
- | 344,770 |
- | 150,829 |
54,057 | 18,572 |
Total extraordinary losses | 54,057 | 169,401 | |
Net loss before income taxes | (2,230,986) | (1,390,180) | |
Income taxes | 9,121 | 15,624 | |
Net loss | (2,240,108) | (1,405,805) | |
Net loss attributable to owners of parent | (2,240,108) | (1,405,805) | |
- 5 -
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Gurunavi Inc. published this content on 02 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2022 06:19:35 UTC.
