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Consolidated Financial Results for the Second Quarter of
the Fiscal Year Ending March 31,2022 [Japan GAAP]
November 11, 2021 | |||
Company name | geechs inc. | Listing Market TSE 1st Section | |
Stock code | 7060 | URL https://geechs.com | |
Representative | President & CEO | Naruhito Sonehara | |
Contact | Director CFO | Daisuke Sakuma | (TEL) +8150-1741-6928 |
Scheduled date of filing of quarterly report | ： | November 11, 2021 |
Scheduled date of commencement of dividend payment： | - | |
Preparation of supplementary explanatory materials： | Yes | |
Results briefing to be held | ： Yes (For Institutional Investors and Analysts) |
(Figures are rounded down to the nearest million yen)
1. Consolidated Results for the Second Quarter (April 1, 2021 to September 30, 2021) of FY3/22
(1) Consolidated Results of Operation | (Percentages indicate year-on-year changes) | |||||||||||
Net income | ||||||||||||
Net Sales | Operating income | Ordinary income | attributable to | |||||||||
owners of parent | ||||||||||||
Millions of | ％ | Millions of | ％ | Millions of | ％ | Millions of | ％ | |||||
yen | yen | yen | yen | |||||||||
2nd Quarter of | Fiscal | |||||||||||
Year Ending | 2,672 | 98.2 | 648 | 138.2 | 652 | 158.9 | 419 | 214.2 | ||||
March 31, 2022 | ||||||||||||
2nd Quarter of | Fiscal | |||||||||||
Year Ended | 1,348 | △31.8 | 272 | △34.2 | 251 | △39.3 | 133 | △50.1 | ||||
March 31, 2021 | ||||||||||||
(Note) Comprehensive income (million yen) | ||||||||||||
2nd Quarter of Fiscal Year Ending March 31, 2022 | 417 | (210.9％) | ||||||||||
2nd Quarter of Fiscal Year Ended March 31, 2021 | 134 (△52.0％) | |||||||||||
Net income per Diluted earnings | ||||||||||||
share | per share | |||||||||||
Yen | Yen | |||||||||||
2nd Quarter of | Fiscal | |||||||||||
Year Ending | 39.97 | 39.32 | ||||||||||
March 31, 2022 | ||||||||||||
2nd Quarter of | Fiscal | |||||||||||
Year Ended | 12.78 | 12.55 | ||||||||||
March 31, 2021 | ||||||||||||
(2) Consolidated Financial Position | ||||||||||||
Total assets | Net assets | Equity Ratio | ||||||||||
Millions of yen | Millions of yen | ％ | ||||||||||
2nd Quarter of | Fiscal | |||||||||||
Year Ending | 5,532 | 4,150 | 75.0 | |||||||||
March 31, 2022 | ||||||||||||
Fiscal Year Ended | 6,486 | 3,830 | 59.1 | |||||||||
March 31, 2021 | ||||||||||||
(Reference) Shareholders' equity (million yen) | ||||||||||||
2nd Quarter of Fiscal Year Ending March 31, 2022 | 4,147 | |||||||||||
Fiscal Year Ended March 31, 2021 | 3,830 |
2. Dividends
Dividend per share | ||||||||
1st Quarter-End 2nd Quarter-End 3rd Quarter-End | Year-End | Total | ||||||
Yen | Yen | Yen | Yen | Yen | ||||
Fiscal Year | ||||||||
Ended March | － | 0.00 | － | 10.00 | 10.00 | |||
31, 2021 | ||||||||
Fiscal Year | ||||||||
Ending March | － | 0.00 | ||||||
31, 2022 | ||||||||
Fiscal Year Ending | ||||||||
March 31, 2022 | － | 10.00 | 10.00 | |||||
(Forecast) | ||||||||
(Note) Revisions to the most recently announced dividend forecast | ：None |
3.2022 Consolidated Financial Results Forecast (April 1, 2021 - March 31, 2022)
(Percentages indicate year-on-year changes)
Net income | |||||||||||
Net Sales | Operating income | Ordinary income | attributable to | Net income per | |||||||
owners of parent | share | ||||||||||
Net income | |||||||||||
Millions of | ％ | Millions of | ％ | Millions of | ％ | Millions of | ％ | Yen | |||
yen | yen | yen | yen | ||||||||
Full year | 5,400 | 57.5 | 1,200 | 62.5 | 1,200 | 68.1 | 740 | 61.7 | 70.53 | ||
(Note) Revisions to the most recently announced financial results forecast | ：Yes |
* Notes
(1) Changes | in | Significant Subsidiaries during the | Period Under Review | ： None | ||
(Changes | in | Specified Subsidiaries Resulting | in Changes in the Scope of Consolidation) | |||
Newly | added | － | Excluded | － |
- Adoption of Special Accounting Methods for Preparing Quarterly Consolidated ：None Financial Statements
- Changes in Accounting Policies, Changes in Accounting Estimates, and Restatement of Corrections ① Changes in accounting policies due to revisions to accounting standards, etc. ：Yes
② | Changes in accounting policies due to other reasons | ：None |
③ | Changes in accounting estimates | ：None |
④ | Restatement of prior period financial statements after error corrections | ：None |
(4) Number of shares outstanding (common stock)
① Number of shares | 2nd Quarter of | |||
outstanding at the end of the | Fiscal Year Ended | |||
Fiscal Year Ending | 10,532,000 shares | 10,513,440 shares | ||
period (including treasury | March 31, 2022 | March 31, 2021 | ||
stock) | ||||
- Number of treasury shares at the end of the period
- Average number of shares during the period (cumulative from the beginning of the fiscal year)
40,149 | shares | Fiscal Year Ended | shares | ||
40,104 | |||||
March 31, 2021 | |||||
2nd Quarter of | |||||
10,484,862 | shares | Fiscal Year Ended | 10,436,751 | shares | |
March 31, 2021 | |||||
- This quarterly financial results report is exempt from quarterly review by certified public accountants or auditing firms.
- Explanationnotes regarding the appropriate use of financial results forecasts and other special
The forward-looking statements in this document are based on information currently available to us and on certain assumptions that we believe to be reasonable. Actual results may differ materially from those in this document due to a variety of factors.
○ Contents of the attached materials | ||
1. Qualitative Information Regarding Consolidated Results for the Period......................... | 2 | |
(1) | Explanation of Results of Operation.......................................................... | 2 |
(2) | Explanation of Financial Position............................................................ | 3 |
(3) | Explanation of Consolidated Financial Results Forecast and Other Forward-looking Statements.. 4 | |
2. Quarterly Consolidated Financial Statements and Major Notes .................................. | 5 | |
(1) | Quarterly Consolidated Balance Sheet......................................................... | 5 |
(2) | Quarterly consolidated statements of income and comprehensive income......................... | 7 |
(3) | Quarterly Consolidated Statements of Cash Flows.............................................. | 9 |
(4) | Notes to Quarterly Consolidated Financial Statements........................................ | 11 |
(Notes on Going Concern Assumption)......................................................... | 11 | |
(Notes in Case of Significant Changes in the Amount of Shareholders' Equity)................ | 11 | |
(Changes in Accounting Policies)............................................................ | 11 | |
(Segment and Other Information)............................................................. | 12 |
1
1. Qualitative Information on Consolidated Results for the Period
(1) Explanation of Results of Operation
The forward-looking statements in the text are based on our judgment as of the end of the current quarter consolidated accounting period.
1. The status of business performance
Under the Group's Grand Vision of "Make the biggest impression in the 21st century" we will leverage our IT Freelance database, human resources infrastructure such as the development of IT engineers who are active globally, proactively grasp the lifestyles of people and corporate behavior that are rapidly changing due to the spread of the Internet, and leverage our ability to respond to change to continually grow through the creation and evolution of services, with the aim of increasing corporate value. The Group consists of four business segments, including three subsidiaries. The business segments are classified into: "IT Freelance Matching Business," "Game Business," "x-Tech Business," and "Seed Tech Business."
From the first quarter of the current fiscal year, the name of the segment has been changed from the "IT Human Resource Development Business" to the "Seed Tech Business". The change in the segment name has no impact on segment information.
During the six months ended September 30, 2021 (April 1, 2021 to September 30, 2021), the impact of the worldwide expansion of new coronavirus infections has been prolonged. The Japanese economy also continued to face severe conditions as economic activity was restrained by the repeated extension of the State of Emergency. The outlook remains uncertain, although there are signs of an end to the situation, such as the rapid progress in vaccination in Japan and the decline in the number of people affected. Under these circumstances, the Group continued to implement various measures based on the policies set forth in the "G100" Medium-Term Management Plan (from the fiscal year ending March 2022 to the fiscal year ending March 2025) released on May 14, 2021. We have built a business structure that will enable us to capture the demand of companies promoting digital shifts and individuals searching for new ways of working, and fulfill our role as a technology resource sharing platform.
Under these circumstances, the Group recorded net sales of ¥2,672,834 thousand (up 98.2% year on year), operating income of ¥648,779 thousand (up 138.2%), ordinary income of ¥652,121 thousand (up 158.9%), and net income attributable to owners of parent of ¥419,080 thousand (up 214.2%).
"Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) As a result of the adoption of the "Accounting Standard for Revenue Recognition," etc., net sales increased by ¥880,352 thousand, operating income, ordinary income and net income attributable to owners of parent increased by ¥299,168 thousand.
Results by business segment were as follows.
In the IT Freelance Matching Business, the business environment was favorable. There have been major changes in existing ways of working, as evidenced by the long-standing corona incident which has led to the establishment of Remote Work, which was adopted by 80% of IT Freelances and has resulted in an increase in matching between the Tokyo metropolitan area and regional bases.
In order to respond to these changes in the business environment, the Group took measures such as enhancing its support structure, expanding investment in advertising for companies, and strengthening its sales structure.
As a result, net sales in this business segment for the six months ended September 30, 2021 were ¥860,985 thousand (up 22.7% year on year) and segment income was ¥475,385 thousand (up 18.9%).
In the Game Business, the Group operates four titles, including "IDOLiSH7", which is distributed by BANDAI NAMCO Online Inc.
The business performed well, partly due to the smash hit of "My Hero Academia ULTRA IMPACT" distributed
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