Translation
August 2, 2024
Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending March 31, 2025
Name of the Listed Company: | Gurunavi, Inc. |
Listed Stock Exchanges: | Tokyo Stock Exchange |
Stock Code: | 2440 |
URL: | https://corporate.gnavi.co.jp/en/ |
Representative: | Akio Sugihara, President and Representative Director |
Contact: | Teruhisa Yamada, Senior Managing Executive Officer |
TEL: +81-3-6744-6463 |
Scheduled date to commence dividend payments: | - |
Preparation of supplementary materials on financial results: | Yes |
Holding of financial results presentation meeting: | Yes (for institutional investors and analysts) |
(Millions of yen with fractional amounts discarded, unless otherwise noted.)
1. Consolidated financial results for the first quarter of the fiscal year ending March 31,
2025 (from April 1, 2024 to June 30, 2024)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-on-year changes.) | |||||||||
Net sales | Operating income | Ordinary income | Net income attributable | |||||||
to owners of parent | ||||||||||
Three months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||
June 30, 2024 | 2,879 | 11.3 | 144 | - | 130 | - | 115 | - | ||
June 30, 2023 | 2,586 | (12.4) | (67) | - | (68) | - | (285) | - | ||
Note: | Comprehensive income | |||||||||
Three months ended June 30, 2024: | ¥94 million | [ | -%] | |||||||
Three months ended June 30, 2023: | ¥(282) million | [ | -%] | |||||||
Basic earnings | Diluted earnings | |||||||||
per share | per share | |||||||||
Three months ended | Yen | Yen | ||||||||
June 30, 2024 | 1.56 | 1.56 | ||||||||
June 30, 2023 | (5.80) | - | ||||||||
(2) Consolidated financial position | ||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | |||||||
As of | Millions of yen | Millions of yen | % | Yen | ||||||
June 30, 2024 | 10,815 | 6,231 | 57.4 | 109.60 | ||||||
March 31, 2024 | 11,411 | 6,137 | 53.6 | 85.17 | ||||||
Reference: | Equity | |||||||||
As of June 30, 2024: | ¥6,213 million | As of March 31, 2024: | ¥6,118 million |
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2. Cash dividends
Annual dividends | ||||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | ||
Yen | Yen | Yen | Yen | Yen | ||
Fiscal year ended | - | 0.00 | - | 0.00 | 0.00 | |
March 31, 2024 | ||||||
Fiscal year ending | - | |||||
March 31, 2025 | ||||||
Fiscal year ending | ||||||
March 31, 2025 | 0.00 | - | 0.00 | 0.00 | ||
(Forecast) | ||||||
Note: | Revisions to the cash dividend forecasts most recently announced: None |
3. Consolidated earnings forecasts for the fiscal year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
(Percentages indicate year-on-year changes.)
Net income | Basic earnings | |||||||||
Net sales | Operating income | Ordinary income | attributable to | |||||||
per share | ||||||||||
owners of parent | ||||||||||
Millions of | Millions of | Millions of | Millions of | |||||||
yen | % | yen | % | yen | % | yen | % | Yen | ||
Six months ending | 6,000 | 6.2 | 10 | - | (30) | - | (50) | - | (1.84) | |
September 30, 2024 | ||||||||||
Fiscal year ending | 14,250 | 9.8 | 220 | - | 160 | - | 130 | - | 0.39 | |
March 31, 2025 | ||||||||||
Note: | Revisions to the consolidated earnings forecasts most recently announced: Yes |
* Notes
- Significant changes in the scope of consolidation during the period: None
- Application of special accounting for preparing quarterly consolidated financial statements: Yes
- Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements after error corrections
- Changes in accounting policies due to revisions to accounting standards and other regulations: None
- Changes in accounting policies due to other reasons: None
- Changes in accounting estimates: None
- Restatement of prior period financial statements after error corrections: None
- Number of shares issued (common shares)
- Total number of shares issued at the end of the period (including treasury shares)
As of June 30, 2024 | 56,903,800 shares |
As of March 31, 2024 | 56,903,800 shares |
- Number of treasury shares at the end of the period
As of June 30, 2024
As of March 31, 2024
465,462 shares
421,962 shares
- Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024 | 56,478,392 shares |
Three months ended June 30, 2023 | 55,775,338 shares |
Note: Number of treasury shares as of March 31, 2024 includes 9,000 shares held under the names of others. Number of treasury shares as of June 30, 2024 includes 37,500 shares held under the names of others.
- Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or an audit corporation: None
- Proper use of earnings forecasts, and other special matters
Forward-looking statements, including the consolidated forecasts stated in these materials, are based on information currently available to the Company and certain assumptions deemed reasonable. Consequently, any statements herein do not constitute assurances regarding actual results by the Company. Actual business and other results may differ materially due to various factors.
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Cash dividends on class shares
The breakdown of per-share dividends on class shares with different shareholders' rights than for common shares is as follows.
Class A preferred shares | Per-share dividends | ||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | |
Yen | Yen | Yen | Yen | Yen | |
Fiscal year ended | - | - | - | 45.00 | 45.00 |
March 31, 2024 | |||||
Fiscal year ending | - | ||||
March 31, 2025 | |||||
Fiscal year ending | |||||
March 31, 2025 | - | - | 45.00 | 45.00 | |
(Forecast) | |||||
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Quarterly consolidated financial statements
(1) Consolidated balance sheet
(Thousands of yen) | |||
As of March 31, 2024 | As of June 30, 2024 | ||
Assets | |||
Current assets | |||
Cash and deposits | 5,368,002 | 5,578,509 | |
Notes and accounts receivable - trade | 2,968,454 | 1,668,981 | |
Accounts receivable - other | 890,254 | 876,278 | |
Other | 440,854 | 566,645 | |
Allowance for doubtful accounts | (76,123) | (55,760) | |
Total current assets | 9,591,442 | 8,634,654 | |
Non-current assets | |||
Property, plant and equipment | 154,958 | 372,335 | |
Intangible assets | 531,200 | 724,447 | |
Investments and other assets | 1,133,561 | 1,083,789 | |
Total non-current assets | 1,819,720 | 2,180,573 | |
Total assets | 11,411,162 | 10,815,228 | |
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 117,360 | 53,183 | |
Income taxes payable | 2,521 | 3,755 | |
Provision for bonuses | 390,646 | 126,961 | |
Provision for point card certificates | 27,246 | 22,329 | |
Provision for loss on orders received | 60,486 | 60,486 | |
Accounts payable - other | 1,841,597 | 1,198,034 | |
Deposits received | 103,955 | 188,064 | |
Other | 224,548 | 438,456 | |
Total current liabilities | 2,768,362 | 2,091,272 | |
Non-current liabilities | |||
Long-term borrowings | 2,200,000 | 2,200,000 | |
Asset retirement obligations | 180,381 | 180,579 | |
Other | 124,861 | 111,546 | |
Total non-current liabilities | 2,505,242 | 2,492,126 | |
Total liabilities | 5,273,605 | 4,583,398 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 100,000 | 100,000 | |
Capital surplus | 6,846,537 | 6,846,537 | |
Retained earnings | 19,143 | 134,618 | |
Treasury shares | (1,088,584) | (1,088,584) | |
Total shareholders' equity | 5,877,096 | 5,992,571 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 180,191 | 148,054 | |
Foreign currency translation adjustment | 61,499 | 72,433 | |
Total accumulated other comprehensive income | 241,690 | 220,487 | |
Share acquisition rights | 18,770 | 18,770 | |
Total net assets | 6,137,557 | 6,231,829 | |
Total liabilities and net assets | 11,411,162 | 10,815,228 | |
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- Consolidated statement of income and consolidated statement of comprehensive income Consolidated statement of income (cumulative)
(Thousands of yen) | ||
Three months ended | Three months ended | |
June 30, 2023 | June 30, 2024 | |
Net sales | 2,586,778 | 2,879,884 |
Cost of sales | 851,321 | 896,868 |
Gross profit | 1,735,457 | 1,983,016 |
Selling, general and administrative expenses | 1,802,794 | 1,838,487 |
Operating income (loss) | (67,337) | 144,528 |
Non-operating income | ||
Dividend income | 2,000 | 3,000 |
Subsidy income | 1,200 | 2,940 |
Other | 4,023 | 3,768 |
Total non-operating income | 7,223 | 9,708 |
Non-operating expenses | ||
Interest expenses | 5,536 | 5,692 |
Commitment fees | 1,994 | 2,493 |
Share-based payment expenses | - | 13,183 |
Other | 755 | 2,364 |
Total non-operating expenses | 8,286 | 23,734 |
Ordinary income (loss) | (68,400) | 130,502 |
Extraordinary income | ||
Gain on reversal of share acquisition rights | 2,128 | - |
Total extraordinary income | 2,128 | - |
Extraordinary losses | ||
Loss on valuation of investment securities | 212,815 | 896 |
Total extraordinary losses | 212,815 | 896 |
Net income (loss) before income taxes | (279,087) | 129,606 |
Income taxes | 6,430 | 14,131 |
Net income (loss) | (285,517) | 115,475 |
Net income attributable to owners of parent | (285,517) | 115,475 |
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Consolidated statement of comprehensive income (cumulative)
(Thousands of yen) | ||
Three months ended | Three months ended | |
June 30, 2023 | June 30, 2024 | |
Net income (loss) | (285,517) | 115,475 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | (3,150) | (32,137) |
Foreign currency translation adjustment | 6,084 | 10,934 |
Total other comprehensive income | 2,934 | (21,202) |
Comprehensive income | (282,582) | 94,272 |
Comprehensive income attributable to: | ||
Owners of parent | (282,582) | 94,272 |
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