Summary of Consolidated Financial Results for the Six months Ended October 31, 2021
(Based on Japanese GAAP)
December 10, 2021 | |||||
Company Name: | gumi Inc. | Stock exchange listing: | Tokyo | ||
Stock code: | 3903 | URL | https:// gu3.co.jp/ | ||
Representative: | Title | CEO | Name | Hiroyuki Kawamoto | |
Inquiries: | Title | CFO | Name | Makoto Motoyoshi | (TEL) 03 (5358) 5322 |
Scheduled date to file Quarterly Securities Report | December 10, 2021 | |
Scheduled date to commence dividend payments | - | |
Preparation of supplementary material on quarterly financial results: | Yes | |
Holding of quarterly financial results meeting: | Yes |
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the Six months ended October 31, 2021 (from May, 2021 to October 31, 2021)
(1) Consolidated operating results (cumulative) | (Percentages indicateyear-on-year changes) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||
owners of parent | ||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||
Six months ended October 31, | 8,578 | △12.8 | △1,573 | － | △2,861 | － | △4,359 | － | ||
2021 | ||||||||||
Six months ended October 31, | 9,833 | 10.6 | 1,319 | 322.7 | 1,732 | 718.8 | 1,004 | － | ||
2020 | ||||||||||
Note. Comprehensive income: 2nd quarter of FYE April 30, 2022: △4,253 millions of yen ( －%) 2nd quarter of FYE April 30, 2021: 974 millins of yen ( - %)
Earnigs per share | Diluted earnings per share | |
Yen | Yen | |
As of October 31, 2021 | △148.05 | － |
As of October 31, 2020 | 33.27 | 32.90 |
Notes: 1. Due to net loss, the diluted earnings per share in 2nd quareter of FYE April 30, 2022 is not listed above.
Notes: 2. Since "Accounting Standard for Revenue Recognition" (ASBJ Statement No.29), etc. have been applied from the three months ended July 31, 2021, the above amounts of consolidated financial results reflect the application of the accounting standard, etc.
(2) Consolidatd financial position
Total assets | Net assets | Equity ratio | ||||
Millions of yen | Millions of yen | ％ | ||||
As of October 31, 2021 | 21,444 | 11,714 | 49.9 | |||
As of April 30, 2021 | 25,012 | 17,190 | 64.7 | |||
（Reference） Equity capital : | 2nd quarter of FYE April 30, 2022 | 10,705 millions of yen | FYE April 30, 2021 | 16,189 millions of yen |
Note. Since "Accounting Standard for Revenue Recognition" (ASBJ Statement No.29), etc. have been applied from the three months ended July 31, 2021,
the above amounts of consolidated financial results reflect the application of the accounting standard, etc.
2. Cash dividends
Annual dividends per share | ||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | ||||
Yen | Yen | Yen | Yen | Yen | ||||
FYE April 30, 2021 | － | 0. | 00 | － | 5. 00 | 5. 00 | ||
FYE April 30, 2022 | － | 0. | 00 | |||||
FYE April 30, 2022 (Forecast) | － | － | － | － | ||||
Notes: 1. The amendments of latest published dividends forecast | ：No |
2. It is undetermined for the dividends in FYE April 30, 2022
3. Forecast of consolidated financial results FYE April 30, 2022 (May 1, 2021 to April 30, 2022)
Due to volatility of our business environmental changes, it is difficult to calculate and predict our accurate financial results. Therefore, we do not publish forecast of our business.
※ Notes | |||
(1) Changes in significant subsidiaries during the Six months eneded October 31, 2021 | ：No | ||
(changes in specified subsidiaries with the change in the scope of consolidation) | |||
(2) Applications of special accounting methods for preparing quarterly consolidated financial reports. | ：No | ||
(3) Changes in accounting policies, changes in accounting estimates and restatements | |||
1) | Changes in accounting policies due to the revision of accounting standards | ：Applicable | |
2) | Changes in accounting policies other than 1) | ：Not applicable | |
3) | Changes in accounting estimates | ：Not applicable | |
4) | Restatements | ：Not applicable |
(4) Total number of issued shares (Common stock)
- Total number of issued shares at the end of the period (including treasury shares)
- Total number of treasury shares at the end of the period
- Average number of shares during the period (cumulative)
As of October 31,
2021
As of October 31,
2021
As of October 31,
2021
31,268,400 | As of April 30, | 31,231,900 |
shares | 2021 | shares |
2,101,039 | As of April 30, | 980,039 |
shares | 2021 | shares |
29,445,230 | As of October 31, | 30,208,191 |
shares | 2020 | shares |
- These quarterly consolidated financial results are outside the scope of quarterly review by certified public accountants and audit firms.
- Explanation for the appropriate use of performance forecast and other special notes:
(Cautionary note on forward-looking statements)
The statements regarding forecast of financial results in this report are based on the information that is available to the Company, as well as certain assumptions that are deemed to be reasonable by management, and they are not meant to be a commitment by the Company. Thereore, there might be cases in which actual results differ materially from forecast values due to various factors.
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen) | ||
As of April 30, 2021 | As of October 31, 2021 | |
Assets | ||
Current assets | ||
Cash and deposits | 8,492,510 | 9,186,457 |
Accounts receivable - trade | 1,812,179 | 2,313,309 |
Other current asset | 3,280,230 | 1,858,625 |
Total current assets | 13,584,920 | 13,358,393 |
Non-current assets | ||
Property, plant and equipment | 135,386 | 141,983 |
Intangible assets | ||
Software | 493,142 | 563,902 |
Software in progress | 3,405,522 | 1,791,371 |
Other intangible assets | 73,855 | 49,453 |
Total intangible assets | 3,972,519 | 2,404,727 |
Investment and other assets | 0 | 0 |
Investment securities | 1,823,758 | 1,809,023 |
Other investments | 5,495,710 | 3,730,772 |
Total investment and other assets | 7,319,469 | 5,539,795 |
Total non-current assets | 11,427,375 | 8,086,507 |
Total assets | 25,012,295 | 21,444,900 |
(Thousands of yen) | ||
As of April 30, 2021 | As of October 31, 2021 | |
Liabilities | ||
Current liabilities | ||
Accounts payable - trade | 542,982 | 558,303 |
Current portion of long-term borrowings | 1,999,734 | 2,632,540 |
Income taxes payable | 763,577 | 80,602 |
Provision for bonuses | 100,239 | 93,181 |
Other current liabilities | 1,169,477 | 1,707,800 |
Total current liabilities | 4,576,010 | 5,072,427 |
Non-current liabilities | ||
Long-term borrowings | 2,500,404 | 4,434,396 |
Asset retirement oblitation | 114,145 | 115,187 |
Other non-current liabilities | 631,297 | 108,676 |
Total non-current liabilities | 3,245,846 | 4,658,259 |
Total liabilities | 7,821,857 | 9,730,687 |
Net assets | ||
Shareholders' equity | ||
Share capital | 9,399,470 | 9,416,668 |
Capital surplus | 3,407,249 | 3,424,447 |
Retained earnings | 4,336,840 | -303,783 |
Treasury shares | -1,058,438 | -2,058,370 |
Total shareholders' equity | 16,085,121 | 10,478,961 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 74,790 | 56,651 |
Foreign currency translation adjustment | 29,978 | 170,258 |
Total accumulated other comprehensive income | 104,769 | 226,910 |
Share acquisition rights | 316,551 | 340,208 |
Non-controlling interests | 683,995 | 668,133 |
Total net assets | 17,190,437 | 11,714,213 |
Total liabilities and net assets | 25,012,295 | 21,444,900 |
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income
(cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen) | ||
Six months ended | Six months ended | |
October 31, 2020 | October 31, 2021 | |
Net sales | 9,833,254 | 8,578,797 |
Cost of Sales | 6,856,295 | 8,239,819 |
Gross profit | 2,976,958 | 338,977 |
Selling, general and administrative expenses | 1,657,336 | 1,912,374 |
Operating profit | 1,319,622 | -1,573,396 |
Non-opearting income | ||
Interest and dividend income | 345 | 4,492 |
Subsidy income | 0 | 1,107 |
Gain on valuation of Crypto Assets | 303,562 | 0 |
Gain on sales of Crypto Assets | 50,101 | 22,201 |
Gain on sales of non-current assets | 47,661 | 0 |
Interest on tax refund | 3,425 | 0 |
Gain on forgiveness of consumption tax | 0 | 28,963 |
Share of profit of entities accounted for using equity method | 70,394 | 0 |
Gain on investments in investment partnerships | 0 | 16,885 |
Other non-operating incomes | 1,053 | 7,342 |
Total non-operating income | 476,544 | 80,992 |
Non-operating expenses | ||
Interest expenses | 12,698 | 16,924 |
Foreign exchange losses | 46,261 | 70,464 |
Loss on valuation of Crypto Assets | 0 | 341,360 |
Share of loss of entities accounted for using equity method | 0 | 938,763 |
Loss on investments in investment partnerships | 1,669 | 0 |
Other non-operating expenses | 2,841 | 1,128 |
Total non-operating expenses | 63,469 | 1,368,642 |
Ordinary profit | 1,732,697 | -2,861,046 |
Extraordinary income | ||
Gain on sales of investment securities | 0 | 65 |
Gain on reversal of share acquisition rights | 9,398 | 0 |
Total extraordinary income | 9,398 | 65 |
Extraordinary losses | 0 | 0 |
Impairement losses | 41,088 | 1,906,092 |
Loss on valuation of investment securities | 284,553 | 773 |
Business restructuring expenses | 8,371 | 0 |
Officer retirement allowance | 0 | 150,000 |
Total extraordinary losses | 334,014 | 2,056,865 |
Profit (loss) before income taxes | ||
1,408,081 | -4,917,846 | |
Income taxes - current | ||
272,390 | 12,935 | |
Income taxes - deffered | 147,366 | -555,605 |
Total income taxes | ||
419,756 | -542,669 | |
Profit (loss) | ||
988,325 | -4,375,176 | |
Loss attributable to non-controlling interests | ||
-16,577 | -15,862 | |
Profit (loss) attributable to owner of parent | ||
1,004,902 | -4,359,314 | |
Consolidated statements of comprehensive income (cumulative)
Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities Foreign currency translation adjustment
Share of other comprehensive income of entities accounted for using equity method Total other comprehensive income
Comprehensive income
Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests
(Thousands of yen) | |
Six months ended October 31, 2020 | Six months ended October 31, 2021 |
988,325 | -4,375,176 |
-981 | -18,138 |
-21,110 | 61,501 |
7,805 | 78,777 |
-14,286 | 122,140 |
974,038 | -4,253,035 |
990,615 | -4,237,173 |
-16,577 | -15,862 |
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