For immediate release
Name of Listed Company: | Gurunavi, Inc. |
Listed Stock Exchanges: | Tokyo Stock Exchange |
Stock Code: | 2440 |
Representative: | Akio Sugihara, President |
Notice regarding Revision of Interim and Full-Year Business Forecast
for the Fiscal Year ending March 31, 2025
August 2, 2024 ̶Gurunavi, Inc. (the "Company") announces that the Company has revised its consolidated interim and full-year business forecast for the fiscal year ending March 31, 2025 as follows from those announced on May 14, 2024, in light of recent business performance.
1. Revised consolidated interim business forecast for the fiscal year ending March 31, 2025 (April 1, 2024 to September 30, 2024)
Net income | Basic | ||||||||||||||
Operating | Ordinary | attributable | |||||||||||||
Net sales | income per | ||||||||||||||
income | income | to owners of | |||||||||||||
share | |||||||||||||||
parent | |||||||||||||||
Forecast previously | Millions of yen | Millions of yen | Millions of yen | Millions of yen | Yen | ||||||||||
announced (A) | 6,000 | (330) | (340) | (350) | (7.16) | ||||||||||
New forecast (B) | 6,000 | 10 | (30) | (50) | (1.84) | ||||||||||
Difference (B-A) | － | 340 | 310 | 300 | |||||||||||
Rate of difference (%) | － | － | － | － | |||||||||||
(Reference) | |||||||||||||||
Interim results for the fiscal | 5,652 | (73) | 0 | (232) | (5.53) | ||||||||||
year ended March 31, 2024 | |||||||||||||||
1
2. Revised consolidated full-year business forecast for the fiscal year ending March 31, 2025 (April 1, 2024 to March 31, 2025)
Net income | Basic | ||||||||||||||
Operating | Ordinary | attributable | |||||||||||||
Net sales | income per | ||||||||||||||
income | income | to owners of | |||||||||||||
share | |||||||||||||||
parent | |||||||||||||||
Forecast previously | Millions of yen | Millions of yen | Millions of yen | Millions of yen | Yen | ||||||||||
announced (A) | 14,250 | 150 | 130 | 110 | 0.04 | ||||||||||
New forecast (B) | 14,250 | 220 | 160 | 130 | 0.39 | ||||||||||
Difference (B-A) | － | 70 | 30 | 20 | |||||||||||
Rate of difference (%) | － | 46.7 | 23.1 | 18.2 | |||||||||||
(Reference) | |||||||||||||||
Results for the fiscal year | 12,982 | (339) | (277) | (363) | (8.98) | ||||||||||
ended March 31, 2024 | |||||||||||||||
3. Reasons of revision
While we expect changes in the timing of recording sales-for example, some sales in the restaurant development business expected in the second quarter will be pushed back to the second half of the year- net sales are expected to be in line with previously announced forecasts for interim and full-year.
On the other hand, while we were able to reduce costs due by instilling a high level of cost consciousness among employees companywide in Q1, in the second half of the fiscal year we secured additional budget to allow for flexible spending to strengthen the Rakuten Gurunavi website, including for a new online reservation project, and expect to incur expenses postponed from the first half of the year.
Based on these factors, the Company has revised interim and full-year each income forecasts as shown in 1 and 2 above.
The above forecasts are based on information available at the time of this announcement and are subject to a number of uncertainties. Actual results could differ materially from the above forecasts due to changes in business conditions and other factors.
2