TSUKURUBA Inc.
Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Non-consolidated Financial Results
for the Six Months Ended January 31, 2022
[Japanese GAAP]
Company name: TSUKURUBA Inc. | March 15, 2022 |
Stock exchange listing: Tokyo | |
Code number: 2978 | |
URL: https://tsukuruba.com/ | |
Representative: Hiroki Murakami | Representative Director, CEO |
Contact: Ryohei Koike | Executive Officer, CFO |
Phone: 03-4400-2946
Scheduled date of filing quarterly securities report: March 15, 2022
Scheduled date of commencing dividend payments: -
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes
(Amounts of less than one million yen are rounded down)
1. Non-consolidated Financial Results for the Six Months Ended January 31, 2022 (August 01, 2021 to January 31, 2022)
(1) Non-consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||||||
Net sales | Operating profit | Ordinary profit | Net income | |||||||||||
Six months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||||
January 31, 2022 | 1,219 | 60.3 | (496) | - | (506) | - | (506) | - | ||||||
January 31, 2021 | 760 | (23.37) | (118) | - | (112) | - | (119) | - | ||||||
Basic earnings | Diluted earnings per | |||||||||||||
per share | share | |||||||||||||
Six months ended | Yen | Yen | ||||||||||||
January 31, 2022 | (45.99) | - | ||||||||||||
January 31, 2021 | (12.62) | - | ||||||||||||
(2) Non-consolidated Financial Position | ||||||||||||||
Total assets | Net assets | Capital adequacy ratio | ||||||||||||
As of | Million yen | Million yen | % | |||||||||||
January 31, 2022 | 3,378 | 1,203 | 33.5 | |||||||||||
July 31, 2021 | 3,037 | 879 | 27.5 | |||||||||||
(Reference) Equity: As of | January 31, 2022: | ¥ | 1,132 million | |||||||||||
As of | July 31, 2021: | ¥ | 835 million |
TSUKURUBA Inc. | ||||||||
2. Dividends | ||||||||
Annual dividends | ||||||||
1st | 2nd | 3rd | Year-end | Total | ||||
quarter-end | quarter-end | quarter-end | ||||||
Yen | Yen | Yen | Yen | Yen | ||||
Fiscal year ended July 31, 2021 | - | 0.00 | - | 0.00 | 0.00 | |||
Fiscal year ending July 31, 2022 | - | 0.00 | ||||||
Fiscal year ending July 31, 2022 | - | 0.00 | 0.00 | |||||
(Forecast) | ||||||||
(Note) Revision to the forecast for dividends | announced most | recently: | No | |||||
(Note) Breakdown of the 2nd quarter dividend for the fiscal year ending July 31, 2022 : | ||||||||
Commemorative dividend | - | yen | ||||||
Special dividend | - | yen |
3. Non-consolidated Financial Results Forecast for the Fiscal Year Ending July 31, 2022(August 01, 2021 to July 31, 2022)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Net income | Basic earnings | ||||||||||
per share | ||||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | ||||||
Full year | 2,450 | 50.8 | (890) | - | (911) | - | (911) | - | (93.04) | |||||
(Note) Revision to the financial results forecast announced most recently: | No | |||||||||||||
* Notes: | ||||||||||||||
(1) Accounting policies adopted specially for the preparation of quarterly Non-consolidated financial statements: | No |
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: Yes
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
January 31, 2022: | 11,390,600 | shares |
July 31, 2021: | 10,126,900 | shares |
2) Total number of treasury shares at the end of the period: | ||
January 31, 2022: | 335,671 | shares |
July 31, 2021: | 335,671 | shares |
3) Average number of shares during the period: | ||
Six months ended January 31, 2022: | 11,012,324 | shares |
Six months ended January 31, 2021: | 9,507,244 | shares |
TSUKURUBA Inc. | ||||
Quarterly Non-consolidated Financial Statements | ||||
Quarterly Non-consolidated Balance Sheets | ||||
(Thousand yen) | ||||
As of July 31,2021 | As of January 31,2022 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 2,243,310 | 2,556,787 | ||
Accounts receivable - trade | 30,845 | - | ||
Accounts receivable and contract assets | - | 32,496 | ||
Real estate for sale | 319,106 | 338,381 | ||
Work in process | 176 | - | ||
Other | 53,444 | 51,077 | ||
Total current assets | 2,646,884 | 2,978,743 | ||
Non-current assets | ||||
Property, plant and equipment | 283,595 | 293,411 | ||
Investments and other assets | ||||
Leasehold and guarantee deposits | 95,391 | 92,208 | ||
Other | 12,009 | 13,908 | ||
Total investments and other assets | 107,400 | 106,117 | ||
Total non-current assets | 390,996 | 399,529 | ||
Total assets | 3,037,880 | 3,378,272 | ||
Liabilities | ||||
Current liabilities | ||||
Short-term borrowings | - | 48,000 | ||
Current portion of bonds payable | 80,000 | 102,000 | ||
Current portion of long-term borrowings | 111,193 | 153,224 | ||
Accounts payable - other | 118,962 | 96,548 | ||
Income taxes payable | 690 | 345 | ||
Provision for bonuses | - | 47,175 | ||
Provision for bonuses for directors (and other | - | 3,000 | ||
officers) | ||||
Other | 119,615 | 88,542 | ||
Total current liabilities | 430,460 | 538,835 | ||
Non-current liabilities | ||||
Bonds payable | 260,000 | 322,250 | ||
Convertible-bond-type bonds with share | 700,000 | 700,000 | ||
acquisition rights | ||||
Long-term borrowings | 746,549 | 592,771 | ||
Other | 21,077 | 20,983 | ||
Total non-current liabilities | 1,727,626 | 1,636,004 | ||
Total liabilities | 2,158,087 | 2,174,840 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 30,632 | 11,880 | ||
Deposits for subscriptions of shares | 200,000 | - | ||
Capital surplus | 1,149,915 | 1,689,963 | ||
Retained earnings | (482,465) | (506,493) | ||
Treasury shares | (62,486) | (62,486) | ||
Total shareholders' equity | 835,596 | 1,132,862 | ||
Share acquisition rights | 44,197 | 70,569 | ||
Total net assets | 879,793 | 1,203,432 | ||
Total liabilities and net assets | 3,037,880 | 3,378,272 |
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TSUKURUBA Inc.
Quarterly Non-consolidated Statements of Income
Quarterly Non-consolidated Statements of Income (For the six months)
(Thousand yen) | ||
For the six months | For the six months | |
ended January 31,2021 | ended January 31,2022 | |
Net sales | 760,725 | 1,219,301 |
Cost of sales | 167,625 | 450,789 |
Gross profit | 593,099 | 768,512 |
Selling, general and administrative expenses | 711,496 | 1,265,115 |
Operating loss | (118,396) | (496,603) |
Non-operating income | ||
Interest income | 7 | 11 |
Insurance claim income | - | 1,182 |
Subsidy income | 21,142 | - |
Other | 227 | 522 |
Total non-operating income | 21,378 | 1,716 |
Non-operating expenses | ||
Interest expenses | 3,492 | 3,131 |
Interest on bonds | 694 | 1,574 |
Bond issuance costs | 10,017 | 2,100 |
Commission expenses | 579 | 1,483 |
Share issuance costs | - | 3,595 |
Other | 307 | 78 |
Total non-operating expenses | 15,090 | 11,964 |
Ordinary loss | (112,109) | (506,851) |
Extraordinary income | ||
Gain on reversal of share acquisition rights | 1,276 | - |
Gain on sale of non-current assets | 961 | 704 |
Gain on reversal of asset retirement obligations | 1,895 | - |
Total extraordinary income | 4,133 | 704 |
Extraordinary losses | ||
Loss on liquidation of investments | 3,095 | - |
Office transfer related expenses | 8,531 | - |
Total extraordinary losses | 11,627 | - |
Loss before income taxes | (119,603) | (506,146) |
Income taxes - current | 346 | 346 |
Income taxes - deferred | - | - |
Total income taxes | 346 | 346 |
Loss | (119,949) | (506,493) |
2
TSUKURUBA Inc. | ||||
Quarterly Non-consolidated Statements of Cash Flows | ||||
(Thousand yen) | ||||
For the six months | For the six months | |||
ended January 31,2021 | ended January 31,2022 | |||
Cash flows from operating activities | ||||
Loss before income taxes | (119,603) | (506,146) | ||
Depreciation | 11,847 | 15,289 | ||
Increase (decrease) in provision for bonuses | 34,411 | 47,175 | ||
Increase (decrease) in provision for bonuses for | - | 3,000 | ||
directors (and other officers) | ||||
Interest and dividend income | (7) | (11) | ||
Insurance claim income | - | (1,182) | ||
Subsidy income | (21,142) | - | ||
Gain on sale of non-current assets | (961) | (704) | ||
Interest expenses | 3,492 | 3,131 | ||
Interest expenses on bonds | 694 | 1,574 | ||
Bond issuance costs | 10,017 | 2,100 | ||
Gain on reversal of share acquisition rights | (1,276) | - | ||
Share-based payment expenses | 11,523 | 26,076 | ||
Share issuance costs | - | 3,595 | ||
Commission expenses | 579 | 1,483 | ||
Gain on reversal of asset retirement obligations | (1,895) | - | ||
Office transfer related | 8,531 | - | ||
Loss on liquidation of investments | 3,095 | - | ||
Decrease (increase) in trade receivables | (188) | (1,650) | ||
Decrease (increase) in inventories | (705) | 1,294 | ||
Increase (decrease) in accrued consumption taxes | 12,320 | (15,852) | ||
Increase (decrease) in accounts payable - other | (6,110) | (19,452) | ||
Increase (decrease) in advances received | 4,125 | 8,029 | ||
Other, net | 1,942 | (15,127) | ||
Subtotal | (49,311) | (447,375) | ||
Interest and dividends received | 7 | 11 | ||
Interest paid | (3,263) | (5,541) | ||
Proceeds from insurance income | - | 1,182 | ||
Subsidies received | 21,142 | - | ||
Income taxes refund (paid) | 507 | (691) | ||
Net cash provided by (used in) operating activities | (30,916) | (452,414) |
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