Sansan : Notification Regarding Booking of Non-operating Expenses
October 08, 2021 at 02:07 am EDT
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October 8, 2021
To whom it may concern:
Company name
Sansan, Inc.
Representative
Chikahiro Terada,
Representative Director & CEO
(Code: 4443 TSE 1st Section)
Contact
Muneyuki Hashimoto,
Director, Executive Officer, CFO
Tel
+81-3-6758-0033
Notification Regarding Booking of Non-operating Expenses
Sansan, Inc. (the "Company") announces today that it has booked the following non-operating expenses in the financial results for the three months ended August 31, 2021.
1. Details of the Non-operating Expenses
Currently, our equity-method affiliates include CREATIVE SURVEY Inc., which handles online survey tools, SATORI Inc., which develops and sells marketing automation tools, etc. Many of these affiliated companies accounted for by the equity method companies are currently at the stage of aggressive investment for business growth, such as product development and marketing. Since the Company has posted a deficit, an equity-method investment loss of ¥128 million will be recorded.
2. Outlook
The aforementioned non-operating expenses have been fully reflected in the financial results announced today as the "Financial Results for FY2021 Q1." Although the Company is expecting to record a surplus in both ordinary profit and profit attributable to owners of parent for FY2021, it is difficult to make a precise forecast. Accordingly, the Company will refrain from disclosing a concrete forecast at this point in time.
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Sansan Inc. published this content on 08 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2021 06:06:04 UTC.
Sansan, Inc. is a Japan-based company mainly engaged in the provision of business cards management service and other issues solutions for companies and business person. The Company operates through two business segments. The Sansan segment is mainly engaged in the provision of Sansan service which is a business cards cloud management service for corporate, and the service can convert business cards into data, visualize and share people-to-people connections as information. The Eight segment is mainly engaged in the operation of Eight application used for business cards as a business network service incorporating the mechanism of social networking services.