ZENRIN CO., LTD. Securities Code: 9474
Results for the First Quarter of Fiscal 2023
July 29, 2022
ZENRIN CO.,LTD.
0
Table of Contents
Results for the First Quarter of
Fiscal 2023
- Overview of Results
- Changes in Net Sales, Income and Profit
- Causes for Change in Operating Income
- Net Sales by Business
under Medium- to Long-Term Business Plan ZGP25
5) Amount of Capital Investment, Depreciation and R&D Costs
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 are negative are shown as "-."
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ZENRIN CO.,LTD.
Results for 1) Overview of Results
the First Quarter of
Fiscal 2023
Key Points of Results for the First Quarter of Fiscal 2023
- Increase in sales / Decrease in income and profit 】 (Compared to 1Q of FY 2022)
- Net sales increased for 2 consecutive periods due to an increase in sales of IoT-related solution services, etc., despite a decrease in sales of data for in-car navigation systems in the automotive-related business
- In terms of costs, expenses for developing map databases following improvement in precision of location data increased, and personnel expenses also increased due partly to the recording of provision for bonuses. In addition, expenses for sales activities also increased amid the trend of economic and social activities returning to normal. As a result operating income and ordinary income decreased for the first time in two periods, and profit attributable to owners of the parent decreased for the first time in three periods.
(Amounts in million yen) | ||||||||
1Q of FY2021 | 1Q of FY2022 | 1Q of FY2023 | Compared to | Compared to | ||||
1Q of FY2021 | 1Q of FY2022 | |||||||
(Actual) | (Actual) | (Actual) | ||||||
％ of Change | ％ of Change | |||||||
Net Sales | 11,312 | 12,243 | 12,254 | +941 | +8.3% | +11 | +0.1% | |
Operating Expenses | 12,443 | 12,656 | 13,177 | +734 | +5.9% | +521 | +4.1% | |
Operating Income | -1,130 | -413 | -923 | +207 | － | -510 | － | |
Operating Margin | -10.0% | -3.4% | -7.5% | +2.5pt | -4.1pt | |||
Ordinary Income | -1,016 | -346 | -806 | +210 | － | -460 | － | |
Profit Attributable to | -621 | -298 | -536 | +85 | － | -237 | － | |
Owners of Parent | ||||||||
*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).
© ZENRIN CO., LTD. All Rights Reserved. | 2 |
ZENRIN CO.,LTD.
Results for 2) Changes in Net Sales, Income and Profit
the First Quarter of
Fiscal 2023
(Amounts in million yen)
20,000
15,000
10,000
5,000
0
13,610 | 12,588 | 11,312 | 12,243 | 12,254 | 2,000 |
1,500 | |||||
1,000 | |||||
500 | |||||
0 | |||||
-500 | |||||
-1,000 | |||||
18/6 | 19/6 | 20/6 | 21/6 | 22/6 | -1,500 |
-2,000 | |||||
362 | 560 | 336 |
-634 | -1,130 | -413 | -923 | -390 | -1,016 | -346 | -806 | -640 | -621 | -298 | -536 |
Net Sales | Operating Income | Ordinary Income | Profit Attributable to | |||
Owners of Parent | ||||||
12,254 million yen | -923 million yen | -806 million yen | -536 million yen | |||
Compared to | +11 million yen | -510 million yen | -460 million yen | -237 million yen | ||
1Q of FY2022 | (+0.1%) | (－) | (－) | (－) | ||
Increase in sales | Decrease in income | Decrease in profit | ||||
for the 2 consecutive periods | for the first time in 2 periods | for the first time in 3 periods |
© ZENRIN CO., LTD. All Rights Reserved. | 3 |
ZENRIN CO.,LTD.
Results for 3) Causes for Change in Operating Income
the First Quarter of
Fiscal 2023
(Amounts in million yen)
Operating Income (compared to 1Q of FY2022)
200
-510 million yen
✓ Expenses for developing map databases
0✓ Personnel expenses
△200 △413
✓ Expenses for sales activities
+211
△400 | +61 | |||||
-208 | △923 | |||||
-37 | -15 | |||||
✓ IoT-related solution services, | ||||||
△600 | etc. increased | |||||
- Sales of data for in-car navigation systems in the automotive-related business decreased
△800
△1,000 | +521 | |||||||
22年３月期 | プロダクト | Public | Marketing | IoT | ｵｰﾄﾓｰﾃｨﾌﾞ | 営業費用 | 23年３月期 | |
Operating | Operating | |||||||
公共ｿﾘｭｰｼｮﾝ | ﾏｰｹﾃｨﾝｸﾞｿﾘｭｰｼｮﾝ | |||||||
1Q営業利益 | Product | Solution | Solution | ＩoＴ | Automotive | Operating 1Q営業利益 | ||
Income | Expenses | Income | ||||||
1Q of FY2022 | Changes in Sales by Business | 1Q of FY2023 | ||||||
(compare to 1Q of FY2022)
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Zenrin Co. Ltd. published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 12:05:15 UTC.
