Intage Holdings Inc. TSE:4326
INTAGE : Summary of Consolidated Financial Resultsfor the Six Months Ended December 31, 2024 (Japanese GAAP)366KB
Source: MarketScreener
Summary of Consolidated Financial Results
for the Six Months Ended December 31, 2024 (Japanese GAAP)
February 6, 2024 | |||
Company name: | INTAGE HOLDINGS Inc. | Stock listing: Tokyo Stock Exchange | |
Code number: | 4326 | URL | https://www.intageholdings.co.jp/ |
Representative: | Yoshiya Nishi, President and Representative Director | ||
Contact person: | Toru Takeuchi, Director | TEL: +81-3-5294-7411 |
Scheduled date to file semi-annual Securities Report: February 6, 2024 | |
Planned start of dividend payments: March 7, 2025 | |
Preparation of supplementary explanations of financial results: | Yes |
Financial results presentation held: | Yes (for institutional investors and analysts) |
(Amounts are rounded off to nearest million yen.)
1. Consolidated Financial Results for the Six Months Ended December 31, 2024 (July 1, 2024 to December 31, 2024)
(1) Consolidated Operating Results (Cumulative) | (Percentages indicate year-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 | 32,027 | 4.2 | 1,781 | 16.4 | 1,744 | 6.3 | 2,017 | 98.8 | ||||
December 31, 2024 | ||||||||||||
Six months ended | 30,739 | 2.6 | 1,530 | -22.6 | 1,640 | -25.9 | 1,015 | -38.5 | ||||
December 31, 2023 | ||||||||||||
(Note) Comprehensive income: | 1,731 million yen (39.2%) for the six months ended December 31, 2024 | |||||||||||
1,244 million yen (-28.0%) for the six months ended December 31, 2023 | ||||||||||||
Earnings per share | Diluted earnings per | |||||||||||
share | ||||||||||||
Yen | Yen | |||||||||||
Six months ended | 52.88 | - | ||||||||||
December 31, 2024 | ||||||||||||
Six months ended | 26.65 | - | ||||||||||
December 31, 2023 | ||||||||||||
(Note) For the purpose of calculating profit per share, the number of shares of the Company held in trust for directors' compensation was included in the number of treasury shares, which was to be deducted from the calculation of the average number of shares during the period.
- Consolidated Financial Position
Total assets | Net assets | Equity ratio | |||||||||
Millions of yen | Millions of yen | % | |||||||||
As of | 45,724 | 32,522 | 70.7 | ||||||||
December 31, 2024 | |||||||||||
As of June 30, 2024 | 45,318 | 32,439 | 71.1 | ||||||||
(Reference) Total shareholders' equity: As of December 31, 2024: 32,336 million yen | |||||||||||
As of June 30, 2024: 32,208 million yen | |||||||||||
2. Dividends | |||||||||||
Dividend per share | |||||||||||
1Q-end | 2Q-end | 3Q-end | Year-end | Total | |||||||
Yen | Yen | Yen | Yen | Yen | |||||||
Year ended June 30, 2024 | - | 0.00 | - | 43.00 | 43.00 | ||||||
Year ending June 30, 2025 | - | 22.50 | |||||||||
Year ending June 30, 2025 | - | 22.50 | 45.00 | ||||||||
(Forecast) | |||||||||||
(Note) Revisions to the most recently disclosed dividend forecasts: None |
3. Consolidated Earnings Forecasts for the Fiscal Year Ending June 30, 2025 (July 1, 2024 to June 30, 2025) (Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Profit per share | ||||||
owners of parent | ||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||
Full year | 68,000 | 7.5 | 4,500 | 36.8 | 4,500 | 27.0 | 3,750 | 52.6 | 98.21 | |
(Note) Revisions to the most recently disclosed earnings forecasts: Yes |
* Notes
(1) Significant changes to subsidiaries during the period:Yes New consolidated companies: 1 company (Company name) DOCOMO InsightMarketing, INC Excluded: - company (Company name)
- Accounting policies adopted specially for the preparation of semi-annual consolidated financial statements: Yes
- Changes in accounting policies, changes in accounting estimates and restatement of prior period financial statements
- Changes in accounting policies due to revisions to accounting standards and other regulations: None
2) | Changes in accounting policies due to other reasons: | None |
3) | Changes in accounting estimates: | None |
4) | Restatement of prior period financial statements: | None |
(4) Number of shares issued and outstanding (common shares)
- Number of shares issued at the end of the period (including treasury shares)
- 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)
As of | 40,426,000 | As of June 30, 2024 | 40,426,000 |
December 31, 2024 | |||
As of | 2,242,320 | As of June 30, 2024 | 2,296,620 |
December 31, 2024 | |||
Six months ended | 38,153,084 | Six months ended | 38,088,778 |
December 31, 2024 | December 31, 2023 | ||
- Semi-annualfinancial results are outside the scope of review by certified public accountants or audit corporations.
- Explanation on the appropriate use of earnings forecasts and other special notes
The forward-looking statements made in this document, including the earnings forecasts, are based on information currently available to the Company and on certain assumptions deemed to be reasonable by the Company. Actual performance and other results may differ materially owing to various factors.
INTAGE HOLDINGS Inc. (4326)
Summary of Consolidated Financial Results for the Six Months Ended December 31, 2024
- Table of Contents of the Attached Material
1. Overview of Consolidated Financial Results, etc | ................................................................................ | 2 | |
(1) | Overview of Consolidated Financial Results for the Six Months Ended December 31, 2024 | 2 | |
(2) | Overview of Financial Position for the Six Months Ended December 31, 2024 | 4 | |
(3) | Explanation of Forward-looking Information, Including Consolidated Earnings Forecasts | 4 | |
2. Semi-annual Consolidated Financial Statements and Notes on Important Matters | 5 | ||
(1) | Semi-annual Consolidated Balance Sheet | 5 | |
(2) | Semi-annual Consolidated Statement of Income and Semi-annual Consolidated Statement of | ||
Comprehensive Income | 7 | ||
(3) | Semi-annual Consolidated Statements of Cash Flows | 9 | |
(4) | Notes on Semi-annual Consolidated Financial Statements | 11 | |
(Note on assumptions for going concern) | エラー! ブックマークが定義されていません。 | ||
(Note in the event of major change in shareholders' equity)エラー! ブックマークが定義されていませ | |||
ん。 | |||
(Application of particular accounting treatments concerning preparation of semi-annual | |||
consolidated financial statements) | エラー! ブックマークが定義されていません。 | ||
(Segment information) | エラー! ブックマークが定義されていません。 |
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INTAGE HOLDINGS Inc. (4326)
Summary of Consolidated Financial Results for the Six Months Ended December 31, 2024
1. Overview of Consolidated Financial Results, etc.
-
Overview of Consolidated Financial Results for the Six Months Ended December 31, 2024
During the six month under review (July 1, 2024 to December 31, 2024), the Japanese economy is expected to maintain a modest recovery, partly due to various government policies while the employment and income environment improved. However, there is a risk that a downturn in overseas economies, such as the continued high level of interest rates in Europe and the U.S. and the effects associated with the continued stagnation of the real estate market in China, could put downward pressure on the Japanese economy. In addition, close attention needs to be paid to the effects of rising prices, future policy trends in the U.S., events in the Middle East, and fluctuations in the financial and capital markets, among other developments.
The economies of the Asian region where the Group operates are at a standstill.
In the consolidated fiscal year under review, the second year of the 14th Medium-term Management Plan, the Group has adopted the management policy of "Synergy & Optimization" to realize the Group's basic policy, "Towards New Portfolio as a Data + Technology Company - Creation of New Value." We will promote the expansion of business areas with the keyword of "Synergy" and the optimization of the Group's management resources with the keyword of "Optimization."
As described in the Notice of Acquisition of Shares of DOCOMO InsightMarketing, INC (to Make it a Subsidiary) dated April 22, 2024, DOCOMO InsightMarketing, INC, which is a joint venture between DOCOMO and the Company, became our wholly owned subsidiary as of July 1, 2024.
As described in the Notice of Company Split (Incorporation-type Company Split) by a Consolidated Subsidiary, Transfer of Shares in the Incorporated Company, and Recording of Extraordinary Income dated June 17, 2024, our consolidated subsidiary, INTAGE Healthcare Inc. transferred its CRO business to Alfresa Holdings Corporation on September 2, 2024.
In the Marketing Support (Consumer Goods & Services) segment, in addition to the growth of existing businesses in Japan, the Company is promoting investments to increase the value provided to customers, to secure profits by implementing price increases, and to revamp SCI. In addition, we will focus on the development of new services and solutions and sales collaboration with NTT DOCOMO, Inc. Overseas, we will strengthen our sales structure through collaboration between domestic and overseas offices.
In the Marketing Support (Healthcare) segment, we will add healthcare consumer awareness and behavior data to factual data obtained through real-world data, etc. to increase understanding of consumers, for the realization of healthcare decision-making partners. We will also continue to promote the enhancement of medical real-world data, including the upgrade of the integrated database (Cross Fact) due to the importance of the medical consumer perspective.
In the Business Intelligence segment, we will accelerate business growth by expanding the data integration platform and utilization business, developing solution services to solve common industry issues, and revamping existing client systems that support business transformation as our priority tasks.
The Group's overall performance has been affected by increased investments aimed at expanding the areas in which the Group continues to work. However, as in the past, we will continue to strengthen our capital policy based on a stable financial base, create businesses through inter-group collaboration, implement measures to increase non-financial capital such as human capital, and strengthen sustainability.
The above-mentioned transfer of the CRO business resulted in the recording of a gain on sale of businesses in extraordinary income. Although the amount of gain on sale of businesses was less than initially expected due to the value of assets and liabilities related to the transferred business and the transfer consideration adjustment at closing, profit attributable to owners of parent was higher than that for the same period last year.
As a result of these efforts, the INTAGE Group's consolidated net sales for the six months under review amounted to ¥32,027 million (up 4.2% from the same period of the previous year), with an operating profit of ¥1,781 million (up 16.4%), ordinary profit of ¥1,744 million (up 6.3%), and profit attributable to owners of parent of ¥2,017 million (up 98.8%). - 2 -
INTAGE HOLDINGS Inc. (4326)
Summary of Consolidated Financial Results for the Six Months Ended December 31, 2024
The results by business segment are described below.
1) Marketing Support (Consumer Goods & Services)
In the Marketing Support (Consumer Goods & Services) segment, sales and profit increased; consolidated net sales of the segment amounted to ¥21,691 million (up 12.7% from the same period of the previous year), with an operating profit of ¥227 million (up 199.6%)
In this segment, panel surveys maintained the previous year's level. The custom research business, INTAGE Research Inc. and Research and Innovation Co., Ltd. performed well. In addition, DOCOMO InsightMarketing, INC contributed significantly to the increase in sales.
Overseas business also remained at a higher level than the previous year. Investment activities are progressing as planned, including the revamping of SCI.
Profit increased due to the effect of higher sales, despite the impact of investment expenses, personnel expenses, and upfront costs associated with the launch of a synergistic business with NTT DOCOMO, Inc. for the purpose of earnings growth over the medium and long terms.
2) Marketing Support (Healthcare)
In the Marketing Support (Healthcare) segment, sales decreased but profit increased; consolidated net sales of the segment amounted to ¥6,609 million (down 11.7% from the same period of the previous year), with an operating profit of ¥1,186 million (up 8%). Profitability improved significantly despite a decline in sales due to the impact of the sale of the CRO business at INTAGE Healthcare Inc.
In this segment, in the research business, the mainstay of INTAGE Healthcare Inc., custom research in the medical field contributed to higher profits as both sales and operating profit increased from the previous year.
3) Business Intelligence
In the Business Intelligence segment, consolidated net sales of the segment amounted to ¥3,727 million (down 7.2% from the same period of the previous year), with an operating profit of ¥368 million (up 3.3%). Sales decreased but operating profit increased, and remained higher than planned levels. In this segment, the data integration platform and utilization business, which INTAGE TECHNOSPHERE Inc. has placed as a priority investment area, remained strong, but sales remained below the level of the previous year, partly due to a reactionary decline from the large-scale projects in the previous fiscal year. As for Buildsystem Co., Ltd., sales remained at a higher level than in the previous year due to strong sales of low-code development projects.
Profits were affected by the decline in sales, but nonetheless increased as a result of efforts to improve profitability by reviewing pricing and increasing operational efficiency.
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INTAGE HOLDINGS Inc. (4326)
Summary of Consolidated Financial Results for the Six Months Ended December 31, 2024
-
Overview of Financial Position for the Six Months Ended December 31, 2024
(Assets)
Current assets increased ¥1,082 million from the end of the previous fiscal year to ¥29,087 million. This increase was mainly due to a rise in notes and accounts receivable - trade, and contract assets by ¥825 million, an increase in work in process by ¥451 million and an increase in other by ¥630 million, while cash and deposits decreased by ¥836 million.
Non-current assets contracted ¥676 million from the end of the previous fiscal year to ¥16,636 million. This was mainly due to a decrease of ¥3,241 million in investment securities, despite increases of ¥2,028 million in goodwill, ¥138 million in deferred tax assets, and ¥319 million in retirement benefit assets.
As a result, total assets increased by ¥405 million to ¥45,724 million. (Liabilities)
Current liabilities rose by ¥464 million from the end of the previous fiscal year to ¥12,355 million. This was mainly due to increases of ¥100 million in short-term borrowings and ¥970 million in income taxes payable, which were partially offset by decreases of ¥124 million in accounts payable-trade and ¥389 million in other.
Non-current liabilities declined ¥141 million from the end of the previous fiscal year, to ¥846 million. This was mainly due to decreases of ¥100 million in long-term borrowings and ¥58 million in lease liabilities.
As a result, total liabilities increased by ¥323 million to ¥13,201 million. (Net assets)
Total net assets increased by ¥82 million from the end of the previous fiscal year to ¥32,522 million. This was mainly due to an increase of ¥361 million in retained earnings, which offset a decrease of ¥242 million in valuation difference on available-for-sale securities.
(Analysis of Cash Flows)
Cash and cash equivalents as of December 31, 2024, totaled ¥12,026 million, an increase of ¥1,024 million from the end of the previous consolidated fiscal year, as a result of the following activities.
(Cash flows from operating activities)
The amount of profit before income taxes exceeded the amount of payments for gain on sale of businesses, increase in notes and accounts receivable-trade, and increase in notes and accounts payable-trade, resulting in a net cash inflow of ¥482 million.
(Cash flows from investing activities)
The net cash inflow was ¥1,400 million because the proceeds from business transfer exceeded the outflow from purchase of property, plant and equipment, purchase of intangible assets, and purchase of shares of subsidiaries resulting in change in scope of consolidation.
(Cash flows from financing activities)
Dividend payments and other expenditures resulted in a net outflow of ¥1,776 million. - Explanation of Forward-looking Information, Including Consolidated Earnings Forecasts
The Company has changed the full-year consolidated earnings forecasts for the year ending June 30, 2025, announced in
"Summary of Consolidated Financial Results for the Fiscal Year Ended June 30, 2024 (Japanese GAAP)" dated August
7, 2024.
For details, see Notice of Differences Between Forecast and Actual Results for the First Half of the Fiscal Year Ending June 30, 2025 and Revision of Full Year Financial Results Forecast released separately today. - Earnings forecasts are made based on information available at the time of publication of this material. Actual results may differ significantly from the forecasts owing to various factors.
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INTAGE HOLDINGS Inc. (4326)
Summary of Consolidated Financial Results for the Six Months Ended December 31, 2024
2. Semi-annual Consolidated Financial Statements and Notes on Important Matters
(1) Semi-annual Consolidated Balance Sheet
(Thousands of yen) | ||||||||
Previous consolidated fiscal year | First half under review | |||||||
(As of June 30, 2024) | (As of September 30, 2024) | |||||||
Assets | ||||||||
Current assets | ||||||||
Cash and deposits | 12,045,279 | 11,208,786 | ||||||
Notes and accounts receivable - trade, and contract | 11,413,813 | 12,239,707 | ||||||
assets | ||||||||
Merchandise | 25,402 | 26,855 | ||||||
Work in process | 1,859,716 | 2,311,401 | ||||||
Supplies | 128,381 | 136,624 | ||||||
Other | 2,538,923 | 3,169,917 | ||||||
Allowance for doubtful accounts | -6,092 | -5,842 | ||||||
Total current assets | 28,005,424 | 29,087,449 | ||||||
Non-current assets | ||||||||
Property, plant and equipment | ||||||||
Net buildings and structures | 1,142,896 | 1,156,050 | ||||||
Net equipment and fixtures | 291,810 | 365,242 | ||||||
Land | 1,998,156 | 1,998,156 | ||||||
Net leased assets | 347,606 | 294,714 | ||||||
Other | - | 434 | ||||||
Total property, plant and equipment | 3,780,470 | 3,814,599 | ||||||
Intangible assets | ||||||||
Goodwill | 711,421 | 2,739,530 | ||||||
Other | 2,801,911 | 3,016,481 | ||||||
Total intangible assets | 3,513,333 | 5,756,012 | ||||||
Investments and other assets | ||||||||
Investment securities | 5,920,277 | 2,678,820 | ||||||
Deferred tax assets | 1,622,811 | 1,761,373 | ||||||
Retirement benefit assets | 688,061 | 1,007,452 | ||||||
Other | 2,120,386 | 1,931,582 | ||||||
Allowance for doubtful accounts | -332,260 | -312,992 | ||||||
Total investments and other assets | 10,019,276 | 7,066,235 | ||||||
Total non-current assets | 17,313,079 | 16,636,847 | ||||||
Total assets | 45,318,504 | 45,724,297 | ||||||
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INTAGE HOLDINGS Inc. (4326)
Summary of Consolidated Financial Results for the Six Months Ended December 31, 2024
(Thousands of yen)
Previous consolidated fiscal year | First half under review | |||||||
(As of June 30, 2024) | (As of September 30, 2024) | |||||||
Liabilities | ||||||||
Current liabilities | ||||||||
Accounts payable - trade | 2,975,988 | 2,851,069 | ||||||
Short-term borrowings | - | 100,000 | ||||||
Lease liabilities | 162,711 | 161,882 | ||||||
Income taxes payable | 288,105 | 1,258,486 | ||||||
Provision for bonuses | 2,199,639 | 2,176,197 | ||||||
Provision for point card certificates | 2,299,060 | 2,232,053 | ||||||
Other | 3,965,143 | 3,575,786 | ||||||
Total current liabilities | 11,890,649 | 12,355,476 | ||||||
Non-current liabilities | ||||||||
Long-term borrowings | 100,000 | - | ||||||
Lease liabilities | 233,622 | 175,203 | ||||||
Provision for share awards | 161,096 | 124,472 | ||||||
Retirement benefit liability | 315,774 | 299,157 | ||||||
Asset retirement obligations | 104,675 | 162,170 | ||||||
Other | 72,836 | 85,314 | ||||||
Total non-current liabilities | 988,006 | 846,318 | ||||||
Total liabilities | 12,878,655 | 13,201,794 | ||||||
Net assets | ||||||||
Shareholders' equity | ||||||||
Share capital | 2,378,706 | 2,378,706 | ||||||
Capital surplus | 1,796,219 | 1,796,274 | ||||||
Retained earnings | 30,916,440 | 31,278,107 | ||||||
Treasury shares | -3,381,200 | -3,338,108 | ||||||
Total shareholders' equity | 31,710,166 | 32,114,980 | ||||||
Accumulated other comprehensive income | ||||||||
Valuation difference on available-for-sale securities | 124,580 | -117,701 | ||||||
Foreign currency translation adjustment | 711,140 | 679,483 | ||||||
Remeasurements of defined benefit plans | -336,964 | -340,137 | ||||||
Total accumulated other comprehensive income | 498,756 | 221,644 | ||||||
Non-controlling interests | 230,926 | 185,877 | ||||||
Total net assets | 32,439,848 | 32,522,502 | ||||||
Total liabilities and net assets | 45,318,504 | 45,724,297 | ||||||
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INTAGE HOLDINGS Inc. (4326)
Summary of Consolidated Financial Results for the Six Months Ended December 31, 2024
- Semi-annualConsolidated Statement of Income and Semi-annual Consolidated Statement of Comprehensive Income
Semi-annual consolidated statement of income
(Thousands of yen) | ||||||||
For the six months ended | For the six months ended | |||||||
December 31, 2023 | December 31, 2024 | |||||||
(July 1, 2023 - December 31, 2023) | (July 1, 2024 - December 31, 2024) | |||||||
Net sales | 30,739,244 | 32,027,300 | ||||||
Cost of sales | 20,044,168 | 20,272,496 | ||||||
Gross profit | 10,695,075 | 11,754,803 | ||||||
Selling, general and administrative expenses | 9,164,843 | 9,973,250 | ||||||
Operating profit | 1,530,232 | 1,781,552 | ||||||
Non-operating income | ||||||||
Interest income | 11,454 | 12,110 | ||||||
Dividend income | 8,518 | 9,202 | ||||||
Share of profit of entities accounted for using equity | 29,735 | 4,470 | ||||||
method | ||||||||
Gain on investments in investment partnerships | 43,973 | - | ||||||
Insurance claim and dividend income | 17,495 | 25,961 | ||||||
Other | 48,551 | 26,795 | ||||||
Total non-operating income | 159,729 | 78,539 | ||||||
Non-operating expenses | ||||||||
Interest expenses | 9,969 | 4,273 | ||||||
Loss on investments in investment partnerships | － | 40,007 | ||||||
Foreign exchange gains | 26,965 | 60,504 | ||||||
Other | 12,956 | 11,242 | ||||||
Total non-operating expenses | 49,891 | 116,028 | ||||||
Ordinary profit | 1,640,071 | 1,744,064 | ||||||
Extraordinary income | ||||||||
Gain on sale of businesses | - | 1,588,041 | ||||||
Other | - | 197,643 | ||||||
Total extraordinary income | - | 1,785,685 | ||||||
Extraordinary losses | ||||||||
Loss on valuation of investment securities | 55,729 | 382,626 | ||||||
Other | - | 20,000 | ||||||
Total extraordinary losses | 55,729 | 402,626 | ||||||
Profit before income taxes | 1,584,341 | 3,127,122 | ||||||
Income taxes | 562,791 | 1,115,110 | ||||||
Profit | 1,021,550 | 2,012,012 | ||||||
Profit (loss) attributable to non-controlling interests | 6,384 | -5,670 | ||||||
Profit attributable to owners of parent | 1,015,165 | 2,017,682 | ||||||
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INTAGE HOLDINGS Inc. (4326)
Summary of Consolidated Financial Results for the Six Months Ended December 31, 2024
Semi-annual consolidated statement of comprehensive income
(Thousands of yen) | ||||||
For the six months ended | For the six months ended | |||||
December 31, 2023 | December 31, 2024 | |||||
(July 1, 2023 - December 31, 2023) | (July 1, 2024 - December 31, 2024) | |||||
Profit | 1,021,550 | 2,012,012 | ||||
Other comprehensive income | ||||||
Valuation difference on available-for-sale | -73,861 | -242,625 | ||||
securities | ||||||
Foreign currency translation adjustment | 261,136 | -34,483 | ||||
Remeasurements of defined benefit plans, net of | 35,352 | -3,172 | ||||
tax | ||||||
Total of other comprehensive income | 222,628 | -280,281 | ||||
Comprehensive income | 1,244,178 | 1,731,731 | ||||
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non- controlling interests
1,227,840 | 1,740,570 | |
16,337 | -8,839 |
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