Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results
for the Three Months Ended January 31, 2021
(Based on Japanese GAAP)
Company name: GIFT INC.
Stock exchange listing: Tokyo
Stock code: Representative:
Sho Tagawa | |
Norihiko Suehiro | |
Scheduled date to file Quarterly Securities Report: | March 12, 2021 |
Scheduled date to commence dividend payments: | - |
Preparation of supplementary material on quarterly financial results: | Yes |
Holding of quarterly financial results meeting: | No |
Inquiries:
9279 URLhttp://www.gift-group.co.jp/President and Representative Director Managing Director & General Manager, Administration Division
TEL
042-860-7182
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended January 31, 2021 (from November 1, 2020 to January 31, 2021)
(1) Consolidated operating results (cumulative)
March 12, 2021
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | |||||
Three months ended January 31, 2021 Three months ended January 31, 2020 | Millions of yen 3,362 2,808 | % 19.7 34.7 | Millions of yen 254 305 | % (16.8) 2.5 | Millions of yen 261 310 | % (15.8) 2.6 | Millions of yen 169 183 | % (7.4) (6.9) |
Earnings per share | Diluted earnings per share | |
Three months ended January 31, 2021 Three months ended January 31, 2020 | Yen 17.07 18.50 | Yen 16.99 18.37 |
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | |
As of January 31, 2021 As of October 31, 2020 | Millions of yen 6,907 6,872 | Millions of yen 3,179 3,107 | % 46.0 45.2 |
2. Cash dividends
Annual dividends per share | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |
Year ended October 31, 2020 Year ending October 31, 2021 | Yen - - | Yen 0.00 | Yen - | Yen 10.00 | Yen 10.00 |
Year ending October 31, 2021 (Forecast) | 0.00 | - | 15.00 | 15.00 |
3. Forecast of consolidated financial results for the year ending October 31, 2021 (from November 1, 2020 to October 31, 2021)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Earnings per share | |||||
Six months ending April 30, 2021 Full year | Millions of yen 7,100 15,150 | % 33.9 37.9 | Millions of yen 400 1,080 | % 36.8 134.1 | Millions of yen 450 1,130 | % 41.2 120.7 | Millions of yen 280 590 | % 63.6 423.7 | Yen 28.20 59.41 |
4. Notes
(1) Changes in significant subsidiaries during the three months ended January 31, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation):No
(2) Application of special accounting methods for preparing quarterly consolidated financial statements:Yes
(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statementsChanges in accounting policies due to revisions to accounting standards and other regulations: Changes in accounting policies due to other reasons:
Changes in accounting estimates:
Restatement of prior period financial statements:
No No No No
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of January 31, 2021 | 9,938,362 shares | As of October 31, 2020 | 9,930,362 shares |
Number of treasury shares at the end of the period
As of January 31, 2021 | 82 shares | As of October 31, 2020 | 62 shares |
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended January 31, 2021 | 9,934,890 shares | Three months ended January 31, 2020 | 9,901,930 shares |
Quarterly consolidated financial statements Consolidated balance sheets
(Thousands of yen) | ||
As of October 31, 2020 | As of January 31, 2021 | |
Assets Current assets Cash and deposits Accounts receivable - trade Merchandise and finished goods Raw materials and supplies Other Allowance for doubtful accounts | 1,791,976 232,455 50,358 39,489 139,238 (409) | 1,516,464 196,898 38,040 39,500 151,596 (361) |
Total current assets | 2,253,109 | 1,942,140 |
Non-current assets Property, plant and equipment Buildings and structures Accumulated depreciation | 2,869,600 (676,375) | 3,104,921 (725,687) |
Buildings and structures, net | 2,193,224 | 2,379,234 |
Land Other Accumulated depreciation | 149,501 1,205,528 (522,625) | 149,501 1,339,507 (558,203) |
Other, net | 682,902 | 781,304 |
Total property, plant and equipment | 3,025,629 | 3,310,039 |
Intangible assets Goodwill Other | 145,515 24,123 | 140,318 20,403 |
Total intangible assets | 169,638 | 160,721 |
Investments and other assets Leasehold and guarantee deposits Other Allowance for doubtful accounts | 733,594 690,571 (435) | 777,950 716,610 (435) |
Total investments and other assets | 1,423,731 | 1,494,125 |
Total non-current assets | 4,618,998 | 4,964,886 |
Total assets | 6,872,108 | 6,907,027 |
(Thousands of yen) | ||
As of October 31, 2020 | As of January 31, 2021 | |
Liabilities Current liabilities Accounts payable - trade Short-term borrowings Current portion of long-term borrowings Income taxes payable Provision for bonuses Provision for point card certificates Asset retirement obligations Other | 298,396 754,861 547,192 67,141 68,166 - 1,251 665,513 | 242,873 684,072 550,702 108,264 51,926 3,576 4,563 746,704 |
Total current liabilities | 2,402,521 | 2,392,683 |
Non-current liabilities Long-term borrowings Asset retirement obligations Other | 1,093,332 241,030 27,332 | 1,060,611 255,214 19,144 |
Total non-current liabilities | 1,361,696 | 1,334,970 |
Total liabilities | 3,764,217 | 3,727,653 |
Net assets Shareholders' equity Share capital Capital surplus Retained earnings Treasury shares | 786,345 1,038,473 1,304,314 (88) | 786,876 1,039,003 1,374,573 (126) |
Total shareholders' equity | 3,129,044 | 3,200,326 |
Accumulated other comprehensive income Foreign currency translation adjustment | (21,154) | (20,952) |
Total accumulated other comprehensive income | (21,154) | (20,952) |
Total net assets | 3,107,890 | 3,179,373 |
Total liabilities and net assets | 6,872,108 | 6,907,027 |
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen) | ||
Three months ended January 31, 2020 | Three months ended January 31, 2021 | |
Net sales Cost of sales | 2,808,750 865,347 | 3,362,584 959,625 |
Gross profit | 1,943,403 | 2,402,958 |
Selling, general and administrative expenses | 1,637,864 | 2,148,873 |
Operating profit | 305,538 | 254,084 |
Non-operating income Interest income Foreign exchange gains Commission income Subsidy income Other | 1,141 261 3,794 - 744 | 1,818 13 5,101 1,199 1,173 |
Total non-operating income | 5,943 | 9,305 |
Non-operating expenses Interest expenses Other | 704 13 | 1,101 770 |
Total non-operating expenses | 718 | 1,872 |
Ordinary profit | 310,763 | 261,518 |
Extraordinary losses Loss on retirement of non-current assets Loss on sales of non-current assets | - 17,548 | 94 - |
Total extraordinary losses | 17,548 | 94 |
Profit before income taxes | 293,214 | 261,423 |
Income taxes | 110,035 | 91,813 |
Profit | 183,179 | 169,609 |
Profit attributable to owners of parent | 183,179 | 169,609 |
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen) | ||
Three months ended January 31, 2020 | Three months ended January 31, 2021 | |
Profit Other comprehensive income Foreign currency translation adjustment | 183,179 (214) | 169,609 201 |
Total other comprehensive income | (214) | 201 |
Comprehensive income | 182,965 | 169,811 |
Comprehensive income attributable to Comprehensive income attributable to owners of parent | 182,965 | 169,811 |