Results of Operations for the Fiscal Year Ended December 31, 2021
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Contents
01 Financial Overview: FY2021
02 Earnings Forecast: FY2022
03 Business Summary/Growth Strategy
04 Appendix
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01 Financial Overview: FY2021
FY2021 Consolidated Results
Posted all-time high sales and earnings.
Due to significant increase in profits, stock compensation expenses ¥127million recorded in 3Q, considering the expected achievement of performance conditions for stock options. Cumulative operating profit before recording stock compensation expenses was ¥1,390 million (+95.4% YoY).
（Millions of yen） | FY2021 | FY2020 | % Change | 4Q/FY2021 | 4Q/FY2020 | % Change | |
Net Sales | 16,640 | 11,825 | 40.7% | 4,753 | 3,331 | 42.7% | |
Gross Profit | 3,883 | 2,510 | 54.7% | 1,133 | 752 | 50.7% | |
SG&A expenses | 2,620 | 1,823 | 43.7% | 777 | 532 | 46.1% | |
Operating Profit | 1,262 | 686 | 84.0% | 355 | 220 | 61.7% | |
EBITDA | 1,512 | 817 | 84.9% | 393 | 268 | 46.7% | |
EBITDA margin | 9.1% | 6.9% | 2.2pt | 8.3% | 8.0% | 0.2pt | |
Ordinary Profit | 1,286 | 683 | 88.3% | 367 | 220 | 66.5% | |
Profit attributable to owners parent | 757 | 435 | 73.8% | 237 | 157 | 50.6% | |
Reference: Profits before recording stock compensation expenses | |||||||
Operating Profit | 1,390 | 711 | 95.4% | 355 | 245 | 45.0% | |
Ordinary Profit | 1,414 | 708 | 99.6% | 367 | 246 | 49.3% | |
Profit attributable to owners parent | 884 | 460 | 92.0% | 237 | 183 | 29.7% | 4 |
FY2021 Segment Results
Strong growth continued in all businesses despite the COVID-19 pandemic. Cloud integration was the main reason for the rapid growth of the DX business. Digital Marketing also continued to grow, posting all-time high sales and earnings.
Segment | FY2021 | FY2020 | % Change | 4Q/FY2021 | 4Q/FY2020 | % Change |
（Millions of yen） | ||||||
Digital Transformation(DX) business | ||||||
Net sales | 4,104 | 3,390 | 21.1% | 1,087 | 938 | 15.9% |
Segment profit | 462 | 318 | 45.1% | 131 | 119 | 10.5% |
Digital Marketing business | ||||||
Net sales | 11,926 | 7,955 | 49.9% | 3,487 | 2,263 | 54.1% |
Segment profit | 1,712 | 1,029 | 66.4% | 455 | 287 | 58.7% |
Posted all-time high sales and
record-high 4Q earnings
while investment in human
resources to enhance sales and
development team
Posted all-time high sales and
earnings.
Orders from current and new customers increased steadily.
Other businesses
Net sales | 696 | 496 | 40.3% | 211 | 134 | 57.0% |
Segment profit | △ 21 | △ 20 | - | △ 42 | △ 11 | - |
Losses from upfront investments in new businesses were mostly offset by earnings from Urala, an app for fortune telling chat consultations.
* Beginning in 2021, some corporate expenses that were not assigned to a business segment in prior years are now assigned to a business segment by using reasonable standards. The purpose is to
show the performance of business segments more appropriately. Earnings for 4Q 2020 have been revised for consistency with this change. | 5 |
* Net sales of each business segment include intersegment sales between the reportable segments. | |
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