Results of Operations
for the Second Quarter of the Fiscal Year Ending December 31, 2021
1
Contents
01 Financial Overview: 2Q/1H 2021
02 Earnings Forecast: 2021
03 Business Summary/Growth Strategy
04 Appendix
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01 Financial Overview: 2Q/1H 2021
2Q/1H 2021 Consolidated Results
First half sales increased to a record high and earnings for the second quarter and first half both set new records by wide margins.
Sales and earnings were higher despite the growth of SG&A expenses for investments in human resources in the cloud integration business.
(Millions of yen) | 1H 2021 | 1H 2020 | % Change | 2Q 2021 | 2Q 2020 | % Change | |
Net sales | 7,577 | 5,551 | 36.5% | 3,798 | 2,690 | 41.2% | |
Gross profit | 1,794 | 1,143 | 56.9% | 905 | 547 | 65.3% | |
SG&A expenses | 1,112 | 842 | 32.1% | 588 | 468 | 25.5% | |
Operating profit | 681 | 301 | 126.2% | 316 | 78 | 303.5% | |
EBITDA | 735 | 353 | 108.2% | 343 | 105 | 227.5% | |
EBITDA margin | 9.7% | 6.4% | 3.3pt | 9.1% | 3.9% | 5.2pt | |
Ordinary profit | 692 | 299 | 131.1% | 316 | 77 | 305.9% | |
Profit attributable to | 436 | 178 | 144.3% | 191 | 42 | 351.5% | |
owners of parent | |||||||
4 | |||||||
2Q/1H 2021 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 record-high 2Q sales and all-time high earnings.
Segment | 1H 2021 | 1H 2020 | % Change | 2Q 2021 | 2Q 2020 | % Change | |
(Millions of yen) | |||||||
Digital Transformation (DX) business | |||||||
Net sales | 1,941 | 1,612 | 20.4% | 990 | 831 | 19.1% | |
Segment profit | 223 | 111 | 99.4% | 64 | 41 | 56.3% | |
Posted all-time high sales and
record-high 2Q earnings
while investment in human
resources to enhance sales and
development team
Digital Marketing business
Net sales | 5,349 | 3,720 | 43.8% | 2,658 | 1,743 | 52.5% |
Segment profit | 820 | 497 | 65.2% | 410 | 201 | 103.3% |
Other businesses | ||||||
Posted record-high 2Q sales and
all-time high earnings.
Orders from current and new customers increased steadily.
Net sales | 317 | 223 | 41.9% | 165 | 118 | 39.4% |
Segment profit | 22 | (1) | - | 16 | (4) | - |
Losses from upfront investments in
new businesses were 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 2Q/1H 2020 have been revised for consistency with this change.
* Net sales of each business segment include intersegment sales between the reportable segments. | 5 |
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