(Amounts of less than one million yen are rounded off.) (Percentages calculated on year-on-yearbasis.)

Summary of Consolidated Financial Statements for the First Nine-Month Period of the

Fiscal Year Ending June 30, 2023 [IFRS]

May 15, 2023

Listed Company:

Stock Exchange:

Code Number:

URL:

Representative:

Contact:

Tel:

Scheduled date to submit quarterly report: Scheduled date of the start of dividends payment: Supplementary material for quarterly financial results: Briefing on quarterly financial results:

MACROMILL, INC. Tokyo Stock Exchange 3978 https://www.macromill.com

Toru Sasaki, Representative Executive Officer, Global CEO Shintaro Hashimoto, Executive Officer, Global CFO +81-3-6716-0706

May 15, 2023

-

Yes

Yes (for analysts and institutional investors)

1. Consolidated Financial Results for the First Nine-Month Period of the Fiscal Year Ending June 30, 2023 (from July 1, 2022 to March 31, 2023)

(1) Consolidated Business Performance

Revenue

Operating profit

Profit before tax

Profit for the period

Million yen

%

Million yen

%

Million yen

%

Million yen

%

First nine-month period of

43,457

14.5

5,227

(14.6)

4,951

(16.4)

3,405

(17.3)

the year ending June 30, 2023

First nine-month period of

37,951

14.6

6,117

18.9

5,924

23.7

4,119

23.4

the year ended June 30, 2022

Profit attributable to owners

Total comprehensive income

Basic earnings per share

Diluted basic earnings

of the parent

for the period

per share

Million yen

%

Million yen

%

Yen

Yen

First nine-month period of the

2,654

(21.9)

3,088

(28.1)

67.08

66.50

year ending June 30, 2023

First nine-month period of the

3,397

24.3

4,295

25.0

86.10

85.37

year ended June 30, 2022

(Reference)

EBITDA

EBITDA margin

Million yen

%

%

First nine-month period of

7,537

(8.2)

17.3

the year ending June 30, 2023

First nine-month period of

8,208

8.7

21.6

the year ended June 30, 2022

(2) Consolidated Financial Position

Total assets

Total equity

Equity attributable to owners of

Ratio of equity attributable to

the parent

owners of the parent

Million yen

Million yen

Million yen

%

As of March 31, 2023

85,076

36,979

32,512

38.2

As of June 30, 2022

83,634

35,827

31,704

37.9

2. Dividends

Dividend per share

End of 1st quarter

End of 2nd quarter

End of 3rd quarter

Year end

Annual

Yen

Yen

Yen

Yen

Yen

Year ended June 30, 2022

-

8.00

-

9.00

17.00

Year ending June 30, 2023

-

10.00

-

Year ending June 30, 2023 (forecast)

11.00

21.00

(Note) Revisions from dividends forecasts announced most recently: No

3. Forecast of Consolidated Financial Results for the Year Ending June 30, 2023 (from July 1, 2022 to June 30, 2023)

(Percentages calculated on year-on-year basis.)

Revenue

Operating profit

Profit before tax

Profit for the year

Profit attributable to

Basic earnings per

owners of the parent

share

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

Full year

40,500

7.3

4,300

(14.6)

4,200

(15.4)

9,200

136.2

8,500

170.1

215.16

(Note) Revisions from financial results forecasts announced most recently: Yes

  1. The Company categorizes the Overseas (ex-Korea) Business Segment as discontinued business after today (in the middle of the fourth quarter of FY6/2023). Thereby, the Company discloses revised Revenue, EBITDA, Operating Profit, and Profit before Tax as the continuing business retroactively from the beginning of the period. Profit for the year and Profit attributable to owners of the parent include both the continuing business and the discontinued business.
  2. In line with the change in note 1 above, the Company discloses previous year (FY6/2022) Revenue, EBITDA, Operating Profit, and Profit before Tax as the continuing business excluding the discontinued business.
  3. The Basic Earnings per Share is estimated based on the press release "Notice Regarding Approval of Share Buyback Program" announced today.

(Reference)

EBITDA

EBITDA margin

Million yen

%

%

Full year

6,550

(7.8)

16.2

  • Notes
    1. Changes in significant subsidiaries during the period (changes in specific subsidiaries accompanied by a change in the scope of consolidation): No

New: -

Exclusion: -

(2) Changes in accounting policies and changes of accounting assumptions

(i)

Changes in accounting policies as required by IFRS:

No

(ii)

Changes in accounting policies other than (i):

No

(iii) Changes in accounting assumptions:

No

  1. Number of shares outstanding (common stock)
    1. Number of shares issued (including treasury stock) at the end of the term:

As of March 31, 2023

40,480,500 shares

As of June 30, 2022

40,480,500

shares

(ii) Number of shares of treasury stock at the end of the term:

As of March 31, 2023

892,435 shares

As of June 30, 2022

917,835

shares

(iii) Average number of shares during the period:

Nine months ended March 31, 2023

39,575,365 shares

Nine months ended March 31, 2022

39,464,565 shares

  • Summaries of quarterly consolidated financial statements are not subject to audits conducted by certified public accountants or audit firms.
  • Note regarding proper use of results forecasts and other special comments
  1. The Company has decided to conduct a share buyback program at the Board of Directors meeting held on May 15, 2023. The basic earnings per share in the financial forecasts have been included the impact of share buyback.
  2. The Group applies the International Financial Reporting Standards (hereinafter "IFRS") to and after the fiscal year ended June 30, 2016.
  3. The forward-looking statements, such as results forecasts, included in this document are based on information available to the management as of the date of the document and certain assumptions that the management considers reasonable. The Company does not promise that the forecasts will be achieved. Actual results may differ significantly due to a range of factors.
  4. EBITDA = operating profit + depreciation and amortization + loss on retirement of non-current assets + impairment loss
  5. EBITDA margin = EBITDA / revenue
  6. EBITDA and EBITDA margin are not the indicators specified by IFRS, but are the financial indicators that the Group considers useful for investors to evaluate the business results of the Group.
  7. EBITDA and EBITDA margin should not be considered as indicators to replace the other indicators shown in accordance with IFRS because they do not include some of the items that affect the profit for the year, so they are subject to significant restrictions as a means of analysis. EBITDA and EBITDA margin disclosed by the Group may be less useful in comparison with the same or similar indicators of other competitors because they are calculated according to a different method from that of such other companies.

1

Accompanying Materials - Contents

1. Qualitative Information about Consolidated Financial Results for the Quarter

3

(1)

Overview of operating results for the first nine months

3

(2)

Explanations about the financial position

7

(3)

Explanations about forward-looking information including forecast of consolidated financial results

7

(4)

Significant Subsequent Events

8

(5)

Regarding issue of corporate bonds

9

2

1. Qualitative Information about Consolidated Financial Results for the Quarter

  1. Overview of operating results for the first nine months
  1. Explanation of the operating environment

During the first nine months (July 1, 2022 to March 31, 2023), restrictions on economic activities due to the Covid- 19 pandemic were eased in Japan and the world, and there were signs of recovery in corporate activities. However, the economic outlook remained uncertain due to policy interest rate hikes in various countries, exchange rate fluctuations, the prolonged war in Ukraine, and rises in prices of resources, energy, and raw materials, among other factors.

Looking specifically at the insight industry (including marketing research and related sectors), the total global marketplace reached an estimated value of $98.4 billion, with online marketing research accounting for $64.0 billion (*1). In Japan, the size of the overall marketing research sector was 235.7 billion yen, with online marketing research at 79.2 billion yen (*2). Although both the global and the Japanese markets were adversely affected by the Covid-19 pandemic for a period of time, the marketing research sector has returned to a steady growth trend for the medium to long term, as marketing research shifts even further online as a result of the pandemic.

In this economic and market environment, the Group disclosed in August 2021 a new MTBP (Mid-term Business Plan) for the three years to the fiscal year ending June 30, 2024. The Group has developed strategies to achieve the Plan's targets and is striving to expand the business scale and profit. In the fiscal year ending June 30, 2023, the second year of the Mid-term Business Plan, the Company continues to transform its business model from a "Marketing Research Company" to a "Professional Marketing Services Company". This will support solving all the marketing issues that client companies face beyond marketing research issues as stated in the Vision laid out in our Mid-term Business Plan.

(ii) Explanation of the operating results (*3)

Consolidated financial results

Nine months ended

Nine months ended

Increase/decrease

Change %

(Million yen unless otherwise indicated)

March 31, 2022

March 31, 2023

Revenue

37,951

43,457

+5,505

+14.5%

Japan and Korea Business

29,317

31,700

+2,383

+8.1%

Overseas (ex-Korea) Business

8,758

11,953

+3,194

+36.5%

EBITDA

8,208

7,537

(671)

(8.2%)

Operating profit

6,117

5,227

(890)

(14.6%)

Profit before tax

5,924

4,951

(972)

(16.4%)

Profit attributable to owners of the parent

3,397

2,654

(743)

(21.9%)

3

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Macromill Inc. published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 06:06:07 UTC.