Earnings Results for the quarter ended Mar 2021 (Q2 FY 9/21)
PLAID, Inc. (4165, TSE Mothers) | May 2021
｜ © 2021 PLAID, Inc.
Disclaimer
Forward-Looking Statements
This document contains forward-looking statements. These statements are based only on information that is available at the time
the statements are made. In addition, these statements do not constitute a guarantee of future results. They are subject to risk and
uncertainty. Please note that actual results may differ materially from those expressed or implied in the forward-looking statements
due to environmental changes and other factors.
Factors that may affect actual results include, but are not limited to, domestic and overseas economic conditions and trends in the
industries that the Company serves.
Even when new information is obtained or an event that is not forecast herein, etc. occurs in the future, the Company assumes no
obligation to update or revise any of the forward-looking information contained in this document.
Additionally, the information concerning companies or groups outside the Company is quoted from public information and
elsewhere. The Company does not verify in any way or guarantee its accuracy, appropriateness, etc.
｜ © 2021 PLAID, Inc. | 22 |
(JPY mil.) | Q2 FY9/21 | Q2 FY9/20 | YoY | Q1 FY9/21 | QoQ | |||
Overview | ||||||||
Net sales | 1,322 | 955 | ＋38.4% | 1,209 | ＋9.4% | |||
Earnings Results | ||||||||
Cost of sales | 340 | 264 | ＋28.7% | 348 | ▲2.3% | |||
Q2 FY 9/21 | ||||||||
Gross profit | 982 | 691 | ＋42.1% | 861 | ＋14.1% | |||
Gross profit margin | 74.3% | 72.3% | ＋1.9pt | 71.2% | ＋3.1pt | |||
• | JPY（1）1,322 mil. of Net sales, | |||||||
SG&A | 861 | 1,023 | ▲15.8% | 848 | ＋1.6% | |||
up 38.4% yoy basis | ||||||||
% of Net sales | 65.1% | 107.1% | ▲42.0pt | 70.1% | ▲5.0pt | |||
• | 861 mil. of SG&A, down 15.8% | |||||||
Operating income | 120 | ▲332 | - | 12 | ＋846.6% | |||
yoy basis | ||||||||
Operating margin | 9.1% | ▲34.8% | ＋43.9pt | 1.1% | ＋8.1pt | |||
• | 120 mil. of Operating income | |||||||
• | 88 mil. of Net income | Non-operating income | 3 | 0 | ＋658.3% | 1 | ＋237.5% | |
Non-operating expenses | 34 | 26 | ＋32.3% | 175 | ▲80.3% | |||
Listing expenses | 29 | 24 | ＋22.6% | 170 | ▲82.8% | |||
Other | 5 | 2 | ＋147.1% | 4 | ＋24.8% | |||
Ordinary income | 89 | ▲358 | - | ▲161 | - | |||
Extraordinary losses | - | - | - | 70 | ▲100.0% | |||
Note: 1. All figures are JPY otherwise specifically mentioned | Loss on valuation of investment | - | - | - | 70 | ▲100.0% | ||
securities | ||||||||
｜ © 2021 PLAID, Inc. | Net income | 88 | ▲358 | - | ▲232 | - | 33 | |
Overview
Progress Against the Guidance for This Fiscal Year
- Better progress compared with previous fiscal year
Net Sales for Q1-Q2 (6 months) FY 9/21
2,532 mil. | 48.6% |
Net Sales for Q1-Q2 (6 months) FY 9/20
1,841mil. 45.9%
｜ | © 2021 PLAID, Inc. | Note: 1. Announced on December 17, 2020 |
Guidance(1) 5,211mil.
Results 4,007 mil.
44
Financial and Performance Results
Net Sales and ARR
- 1,322 mil. of net sales, up 38.4% yoy basis
- 5,169 mil. of ARR, up 39.2% yoy basis
Net Sales | ARR（2） |
JPY mil. | JPY mil. |
Growth rate of Net Sales | Growth rate of ARR |
38.4%（Q2 FY9/20-Q2 FY9/21) | 39.2%（Q2 FY9/20-Q2 FY9/21) |
■ Subscription revenue（1） ■ Other revenue | ■ Net increase in ARR | |
Notes: 1. The amount of revenue recognized from subscribers of KARTE (for Web) and KARTE for App, including KARTE Datahub and other add-on options, excluding initial | ||
｜ © 2021 PLAID, Inc. | set-up and other one-time fees, for a given period / 2. ARR: MRR for the last full month of the given period * 12 | 55 |
This is an excerpt of the original content. To continue reading it, access the original document here.