Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results for the Three Months Ended September 30, 2023 (Based on Japanese GAAP)
November 2, 2023 | |||||
Company name: | GREE, Inc. | ||||
Stock exchange listing: | Tokyo | ||||
Stock code: | 3632 | URL http://corp.gree.net/jp/ja/ | |||
Representative: | Founder, Chairman and CEO | Yoshikazu Tanaka | |||
Inquiries: | Director, Senior Vice President, CFO | Toshiki Oya | TEL 03-5770-9500 | ||
Scheduled date to file Quarterly Securities Report: | November 2, 2023 | ||||
Scheduled date to commence dividend payments: | - | ||||
Preparation of supplementary material on quarterly financial results: | Yes | ||||
Holding of quarterly financial results meeting: | Yes | (for institutional investors and analysts) |
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended September 30, 2023 (from July 1, 2023 to September 30, 2023)
(1) Consolidated operating results (cumulative) | Percentages indicate year-on-year changes | |||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||
owners of parent | ||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |
Three months ended September 30, 2023 | 15,787 | (4.8) | 1,225 | (22.6) | 1,570 | (35.3) | 1,183 | (34.7) |
Three months ended September 30, 2022 | 16,590 | 21.3 | 1,584 | 2.0 | 2,428 | 46.3 | 1,813 | (3.2) |
Earnings per share | Diluted earnings per share | ||||
Yen | Yen | ||||
Three months ended September 30, 2023 | 6.93 | 6.85 | |||
Three months ended September 30, 2022 | 10.46 | 10.35 | |||
(2) Consolidated financial position | |||||
Total assets | Net assets | Equity ratio | |||
Millions of yen | Millions of yen | % | |||
As of September 30, 2023 | 124,415 | 92,447 | 73.9 | ||
As of June 30, 2023 | 124,806 | 92,549 | 73.7 |
2. Cash dividends | ||||
Annual dividends per share | ||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | |
Yen | Yen | Yen | Yen | |
Year ended June 30, 2023 | - | 0.00 | - | 11.00 |
Year ending June 30, 2024 | - | |||
Year ending June 30, 2024 (Forecast) | - | - | - |
Total
Yen 11.00
-
1
179,749,700 shares
9,094,269 shares
173,292,249 shares
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | ||
As of June 30, 2023 | As of September 30, 2023 | |
Assets | ||
Current assets | ||
Cash and deposits | 50,293 | 50,316 |
Notes and accounts receivable - trade, and contract assets | 7,694 | 8,249 |
Accounts receivable - other | 2,298 | 958 |
Operational investment securities | 19,574 | 19,751 |
Money held in trust | 24,000 | 24,000 |
Other | 3,506 | 4,201 |
Allowance for doubtful accounts | (0) | (0) |
Total current assets | 107,367 | 107,475 |
Non-current assets | ||
Property, plant and equipment | 2,365 | 2,401 |
Intangible assets | ||
Other | 8 | 8 |
Total intangible assets | 8 | 8 |
Investments and other assets | ||
Investment securities | 10,242 | 9,541 |
Deferred tax assets | 1,907 | 2,128 |
Other | 3,239 | 3,193 |
Allowance for doubtful accounts | (324) | (333) |
Total investments and other assets | 15,064 | 14,529 |
Total non-current assets | 17,439 | 16,939 |
Total assets | 124,806 | 124,415 |
Liabilities | ||
Current liabilities | ||
Current portion of bonds payable | 5,000 | 5,000 |
Income taxes payable | 1,684 | 822 |
Contract liabilities | 5,919 | 5,241 |
Provision for bonuses | 512 | 374 |
Accounts payable - other | 6,251 | 6,857 |
Other | 1,023 | 1,415 |
Total current liabilities | 20,391 | 19,711 |
Non-current liabilities | ||
Bonds payable | 10,700 | 10,700 |
Other | 1,165 | 1,556 |
Total non-current liabilities | 11,865 | 12,256 |
Total liabilities | 32,256 | 31,967 |
3
(Millions of yen) | ||
As of June 30, 2023 | As of September 30, 2023 | |
Net assets | ||
Shareholders' equity | ||
Share capital | 100 | 100 |
Capital surplus | 2,365 | 2,365 |
Retained earnings | 93,690 | 92,996 |
Treasury shares | (5,836) | (5,779) |
Total shareholders' equity | 90,319 | 89,682 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 1,657 | 2,106 |
Foreign currency translation adjustment | 66 | 102 |
Total accumulated other comprehensive income | 1,724 | 2,209 |
Share acquisition rights | 454 | 472 |
Non-controlling interests | 51 | 82 |
Total net assets | 92,549 | 92,447 |
Total liabilities and net assets | 124,806 | 124,415 |
4
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen) | ||
Three months ended | Three months ended | |
September 30, 2022 | September 30, 2023 | |
Net sales | 16,590 | 15,787 |
Cost of sales | 7,049 | 7,023 |
Gross profit | 9,540 | 8,764 |
Selling, general and administrative expenses | 7,956 | 7,538 |
Operating profit | 1,584 | 1,225 |
Non-operating income | ||
Interest income | 8 | 26 |
Dividend income | 54 | 15 |
Foreign exchange gains | 868 | 366 |
Other | 4 | 5 |
Total non-operating income | 936 | 412 |
Non-operating expenses | ||
Interest expenses | 28 | 31 |
Commission expenses | 47 | 0 |
Valuation loss on crypto assets | 15 | 35 |
Other | 1 | - |
Total non-operating expenses | 92 | 68 |
Ordinary profit | 2,428 | 1,570 |
Extraordinary income | ||
Gain on sale of investment securities | - | 28 |
Total extraordinary income | - | 28 |
Extraordinary losses | ||
Loss on retirement of non-current assets | 0 | 8 |
Total extraordinary losses | 0 | 8 |
Profit before income taxes | 2,428 | 1,590 |
Income taxes | 609 | 409 |
Profit | 1,818 | 1,180 |
Profit (loss) attributable to non-controlling interests | 5 | (2) |
Profit attributable to owners of parent | 1,813 | 1,183 |
5
Consolidated statements of comprehensive income (cumulative)
Profit
Other comprehensive income
Valuation difference on available-for-sale securities Foreign currency translation adjustment
Share of other comprehensive income of entities accounted for using equity method
Total other comprehensive income Comprehensive income Comprehensive income attributable to
Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests
(Millions of yen) | |
Three months ended | Three months ended |
September 30, 2022 | September 30, 2023 |
1,818 | 1,180 |
(1,243) | (603) |
42 | 36 |
(24) | 1,052 |
(1,225) | 485 |
593 | 1,666 |
587 | 1,669 |
5 | (2) |
6
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Gree Inc. published this content on 06 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 November 2023 03:13:46 UTC.