Financial Results for the 1st Quarter of Fiscal Year Ending February 28, 2023
June 30, 2022
Tokyo Stock Exchange Growth Market（7049）
Table of Contents
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Financial Summary for the 1st Quarter of the Fiscal Year Ending February 28, 2023
Financial Forecast for the Fiscal Year Ending February 28, 2023
©2022 SHIKIGAKU CO., LTD. | 2 |
1. Financial Summary for the 1st Quarter of the Fiscal Year Ending February 28, 2023
Performance Highlights
Segment | Summary | Topics |
Net sales: 1,102 million yen（YoY+30.6%, 103.1％ | • Organizational consulting business performed strongly. | |
compared with plan） | • Operating income was positive due to the timing of some large | |
Consolidated | ||
Operating Income：33 million yen（YoY-52.9%） | investments in marketing, which were not recorded until next quarter. | |
Net Loss*1：-26 million yen （21million yen in same period | • Net loss due to extraordinary loss resulting from withdrawal from | |
of previous year） | contract development business | |
① Organizational consulting business sales exceeded the plan (102.7% of | ||
plan) | ||
②Platform Service | ||
Net sales: 1,001 million yen（YoY+37.3%) | Churn rate for basic services remained within the expected range | |
Operating profit: 108 million yen（YoY-10.7%) | (about 2-3% on a monthly basis) | |
③Consultant Recruitment | ||
Organizational | Sales per consultant: 370 million yen/month（QoQ+5.5%) | |
Number of candidate consultants hired was 18, exceeding the | ||
Consulting | Number of consultants: 77 as of the end May, 2022 *78 as | |
quarterly average of 10 in the previous fiscal year | ||
of June, 2022 | ||
Order backlog：822 million yen（QoQ+8.7%) | ④Effectivess of investment in advertising | |
*Order backlog for management consulting only | Number of new appointments acquired increased QoQ, surpassing the | |
previous record high of 600 | ||
New management consulting contracts: 174 companies, QoQ increase of | ||
26.1% | ||
Sports | Net sales: 87 million yen（YoY+67.8%) | • Sponsor orders were strong (YoY+64.3%) |
Operating profit: -44 million yen (-39 million yen in same | ||
Entertainment | • First B2 playoff appearance in team history since entering B. LEAGUE | |
period in previous year) | ||
VC Fund | Invested in: 5 companies (4 VC and 1 hands-on support） | • Size of second fund is 710 million yen, greatly exceeding size of first |
Hands-on | Investments decided: 1 company | |
fund. | ||
Support | Investments under consideration: 5 companies | |
*1 Net loss attributable to owners of parent company | 3 |
©2022 SHIKIGAKU CO., LTD. | |
1. Financial Summary for the 1st Quarter of the Fiscal Year Ending February 28, 2023
Consolidated Statement of Profit and Loss
• Large-scale marketing initiatives: As a result of thorough deliberations on the content of initiatives in 1Q, some projects have been
pushed back in terms of timing→Some advertising expenses will be recorded in 2Q.
- Gross profit margin in the organizational consulting remained in the upper 80% range.
（Million yen） | FY2022/02 | FY2023/02 | YoY | ||
1Q（QTD） | 1Q（QTD） | ||||
Net sales | 844 | 1,102 | 30.6% | ||
Operating | 772 | 1,068 | 38.3% | ||
expenses | |||||
Personnel | 359 | 500 | 39.1% | ||
expenses/recruitment | |||||
and training costs | |||||
Advertising expenses | 92 | 145 | 57.0% | ||
Rent expenses on land | 28 | 39 | 40.5% | ||
and buildings | |||||
Team operating | 65 | 86 | 32.2% | ||
expenses/box-office | |||||
expenses | |||||
Outsourcing expenses | 70 | 65 | -6.8% | ||
Other operating | 156 | 231 | 48.1% | ||
expenses | |||||
Operating profit and loss | 71 | 33 | -52.9% | ||
EBITDA | 88 | 49 | -43.7% | ||
Gross profit margin | 72.6% | 78.2% | - | ||
*1 | Operating expenses = Cost of sales + Selling, general and administrative expenses | ||||
*2 | Personnel expenses = consultant personnel expenses + Personnel expenses other than consultants |
FY2023/02 | Rate of Progress |
Forecast | |
4,962 | 22.2% |
4,561 | 23.4% |
2,176 | 23.0% |
800 | 18.1% |
181 | 22.0% |
295 | 29.2% |
146 | 44.6% |
823 | 24.3% |
400 | 8.4% |
474 | 10.5% |
75.4% | - |
©2022 SHIKIGAKU CO., LTD. | 4 |
1. Financial Summary for the 1st Quarter of the Fiscal Year Ending February 28, 2023
Summary of Results by Segment
- Organizational Consulting: Management consulting services progressed at 124.1% compared to plan, contributing to an increase in sales.
- Sports Entertainment: Fukushima Firebonds advanced to B2 Playoffs, sponsor orders increased to 160 million yen (YoY+64.3%).
- Contract Development: Decided to withdraw from contract development business and concentrate engineering resources on core consulting business.
（Million yen） | FY2021/02 | FY2022/02 | FY2023/02 | |||||||||||||
1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | YoY | |||||||
Net sales | 426 | 540 | 729 | 809 | 844 | 957 | 1,006 | 1,015 | 1,102 | 30.6% | ||||||
Organizational | ||||||||||||||||
426 | 515 | 639 | 640 | 729 | 828 | 890 | 873 | 1,001 | 37.3% | |||||||
Consulting | ||||||||||||||||
Sports Entertainment | ― | 25 | 47 | 119 | 51 | 39 | 72 | 121 | 87 | 67.8% | ||||||
VC Fund | ― | ― | ― | ― | ― | ― | ― | ― | ― | ― | ||||||
Hands-on Support | ― | ― | ― | ― | ― | ― | ― | ― | ― | ― | ||||||
Other（Contract | ― | ― | 42 | 50 | 62 | 89 | 43 | 20 | 13 | -78.5% | ||||||
Development） | ||||||||||||||||
Segment Profit | -32 | 8 | 61 | 100 | 71 | 129 | 76 | 82 | 33 | -52.9% | ||||||
Organizational | ||||||||||||||||
-32 | 39 | 103 | 118 | 121 | 173 | 161 | 109 | 108 | -10.7% | |||||||
Consulting | ||||||||||||||||
Sports Entertainment | ― | -31 | -52 | -6 | -39 | -35 | -60 | 8 | -44 | ― | ||||||
VC Fund | ― | ― | ― | ― | ― | -13 | -15 | -18 | -28 | ― | ||||||
Hands-on Support | ― | ― | ― | ― | ― | -0 | -1 | -1 | -3 | ― | ||||||
Other（Contract | ― | ― | -1 | -3 | -4 | -9 | 10 | -9 | -10 | ― | ||||||
Development） | ||||||||||||||||
*1 | As the Sports Entertainment business generates sales of merchandise and ticket revenue during the B. LEAGUE season (October to April), the net sales and operating profit tend to be skewed toward | |||||||||||||||
the Company's second half of the fiscal year (September to February). | ||||||||||||||||
*2 | Since Fukushima Sports Entertainment Co., Ltd. has been consolidated since the 2Q of the fiscal year ended February 28, 2021, the figures of the Sports Entertainment business before the 1Q of the | |||||||||||||||
fiscal year ended February 28, 2021 are shown as "-". | ||||||||||||||||
*3 | Since MAGES.Lab (currently SHIKI Lab Inc.) has been consolidated since the 3Q of the fiscal year ended February 28, 2021, the figures for the Contract development business before the 2Q of the fiscal | |||||||||||||||
year ended February 28, 2021 are shown as "-". | 5 | |||||||||||||||
©2022 SHIKIGAKU CO., LTD. | ||||||||||||||||
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