T S E G r o w t h : 2 9 7 8
Financial Results
FY 2021 Q3 (Feb . - Apr.)
J u n . 1 3 t h 2 0 2 2
FY 2021
Aug. 1st 2021 to July 31st 2022
Agenda
1．Financial Highlights for FY2021 Q3
2．Financial Results for FY2021 Q3
3．Forecast for FY2021
4．Reference
© 2022 TSUKURUBA Inc. 1
1. Financial Highlights for FY2021 Q3
© 2022 TSUKURUBA Inc. 2
Highlights
• | Continued growth with record revenue and gross profit | |||
Financial Results | Revenue | JPY 713 million (+89% YoY) | ||
Gross Profit | JPY 496 million (+61% YoY) | |||
FY2021 Q3 | Steady progress in cowcamo business in line with our goals for FY 2021 | |||
(Feb. 2022-Apr. 2022) | • | |||
GMV | JPY 11,016 million (+24% YoY) | |||
Take Rate | 4.2 % (+1.1 pts YoY, -0.2 pts QoQ) | |||
Forecast for
FY2021 (Aug. 2021-Jul. 2022)
Updated
Capital and
Business Alliance
with Marui Group
- Continuing to review costs, focusing on controlling fixed cost, in line with the change in management policy announced in the Q2 earnings announcement.
- At this time, we maintain our full-year forecast for FY2021 ending July 31, 2022.
- No additional potential dilution in this case
- Issuance of 700 million yen of Class A shares to Marui Group
- Plans to repurchase and retire 700 million yen of existing convertible bonds in conjunction with the issuance of Class A shares
- Establish a stronger financial base and strengthen the capital relationship with Marui Group
© 2022 TSUKURUBA Inc. 3
Updated Capital and Business Alliance with Marui Group｜Summary
Summary
Purpose
Overview
of Class Share
- Issuance of Class A shares to Marui Group through third-party allotment and purchase and cancellation of existing convertible bonds
These transactions are in effect a conversion of the bonds to equity, with no additional potential dilution in this case.
- Strengthen capital and business alliance with Marui Group
- Strengthen financial base by improving capital adequacy ratio
- Put option (stock consideration): Conversion price JPY 1,200
Dilution ratio: 5.12%* (no change from the previous period due to the purchase and cancellation of the convertible bonds)
- Put option (cash consideration): Exercisable after August 1, 2027
*Based on total number of issued shares
© 2022 TSUKURUBA Inc. 4
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