ZENRIN CO., LTD. Securities Code: 9474
Results for the First 2 Quarters of Fiscal 2023
November 16, 2022
Result for
the First 2Qs of Table of Contents
FY2023
Ⅰ . Overview of Results for the First 2 Quarters of Fiscal 2023 Ⅱ. Earnings Forecast for Fiscal 2023
Ⅲ. Business Overview / Topics
Ⅳ. Appendix
Note: This document contains forward-looking statements based on assumptions, forecasts and plans in light of information available to ZENRIN Co., Ltd. as of the preparation date of this document. Actual performance may vary significantly from the forecast figures due to various risks and uncertainties owing to global economic trends, market demand, status of competition, exchange fluctuations and other factors.
The information that appears in this document rounds down fractions to the nearest specified unit and rounds off decimals in the percentage of change to the first decimal place.
In addition, cases where the percentage of change exceeds 1000% and cases where one or both of the items of comparison are negative are shown as "-."
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Result for
the First 2Qs of
FY2023
Ⅰ . Overview of Results for the First 2 Quarters of Fiscal 2023
- Overview of Results
- Changes in Net Sales, Income and Profit
- Causes for Change in Operating Income
- Shareholder Returns
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Result for
the First 2Qs of
FY2023
Ⅰ . Overview of Results for First 2 Quarters of Fiscal 2023 1. Overview of Results
Key Points of Results for the First 2 Quarters of Fiscal 2023
- Increase in sales / Decrease in income and profit】 (Compared to 2Q of FY 2022)
[Sales Result]
Net sales were mostly the same as the previous period due to the increase in the sales of IoT-related solution services, etc., despite a decrease in sales of data for in-car navigation systems in the automotive-related business, reflecting the effects of automobile production adjustments.
[Expenses / Profit and loss]
There was an increase in cost of sales due to changes in the composition of net sales and increases in expenses for developing map databases to improve the precision of location data as well as expenses for sales activities amid the trend of economic and social activities returning to normal. Operating income, ordinary income, and profit attributable to owners of parent decreased for the first time in two periods.
(Amounts in million yen) | |||||||
2Q of FY2022 | 2Q of FY2023 | 2Q of FY2023 | Compared to | Compared to Forecast | |||
2Q of FY2022 | |||||||
(Forecast) | |||||||
％ of | ％ of | ||||||
(Actual) | (Actual) | ||||||
(Announced on Apr. 28 2022) | Change | Change | |||||
Net Sales | 25,880 | 26,200 | 25,929 | +49 | 0.2 | -270 | -1.0 |
Operating Expenses | 26,336 | 26,600 | 26,915 | +578 | 2.2 | 315 | 1.2 |
Operating Income | -456 | -400 | -985 | -529 | － | -585 | － |
Operating Margin | -1.8% | -1.5% | -3.8% | -2.0pt | -2.3pt | ||
Ordinary Income | -322 | -300 | -982 | -660 | － | -682 | － |
Profit Attributable to | -80 | － | -703 | -623 | － | -703 | － |
Owners of Parent | |||||||
©ZENRIN CO., LTD. All Rights Reserved. | 3 |
Result for
the First 2Qs of
FY2023
Ⅰ . Overview of Results for First 2 Quarters of Fiscal 2023 2. Changes in Net Sales, Income and Profit
40,000 | 4,000 | (Amounts in million yen) | ||||||||||||||||||
30,000 | 28,168 | 26,803 | 24,209 | 25,880 | 25,929 | 738 | 977 | 587 | ||||||||||||
2,000 | ||||||||||||||||||||
20,000 | 0 | |||||||||||||||||||
10,000 | -2,000 | -334 | 1,460- | -456 | 985- | -65 | 1,240- | -322 | 982- | -224 | -723 | -80 | 703- | |||||||
0 | -4,000 | |||||||||||||||||||
18/9 | 19/9 | 20/9 | 21/9 | 22/9 | 18/9 | 19/9 | 20/9 | 21/9 | 22/9 | 18/9 | 19/9 | 20/9 | 21/9 | 22/9 | 18/9 | 19/9 | 20/9 | 21/9 | 22/9 |
Net Sales | Operating Income | Ordinary Income | Profit Attributable to | |
Owners of Parent | ||||
2Q of | 25,929 million yen | -985 million yen | -982 million yen | -703 million yen |
FY2023 | ||||
(Actual) | ||||
Compared | +49 million yen （+0.2%） | -529 million yen （－） | -660 million yen （－） | -623 million yen （－） |
to 2Q of | ||||
FY2022 | ||||
Increase in sales | Decrease in income and profit for the first time in 2 fiscal years | |||
for 2 consecutive fiscal years | ||||
*the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. have been applied from the beginning of the first quarter of fiscal 2022.
*Regarding figures for the previous fiscal year (fiscal 2021) and earlier, the increase (decrease) and rates (%) are reference values because the Accounting Standard for Revenue Recognition, etc. are not applied retrospectively (same as the next page and after).
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Zenrin Co. Ltd. published this content on 27 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2022 11:19:45 UTC.
