For immediate release

Name of Listed Company:

Gurunavi, Inc.

Listed Stock Exchanges:

Tokyo Stock Exchange

Stock Code:

2440

Representative:

Akio Sugihara, President

Notice Concerning the Recording of Extraordinary Loss

(Loss on Valuation of Investment Securities)

February 5, 2020 - Gurunavi, Inc. (the "Company") announces that the Company recorded the following extraordinary loss (loss on valuation of investment securities) in the third quarter of the fiscal year ending March 31, 2020.

.

1. Detail of extraordinary loss (loss on valuation of investment securities)

As a result of assessing the financial condition and future prospects of some of the investment securities held by the Company, the Company recorded a loss on valuation of investment securities of JPY 293 million by means of impairment.

2. Outlook

The above is reflected in the "Revised Full-Year Business Forecast for the Fiscal Year ending March 31, 2020" announced today.

(Reference) Consolidated business forecasts for the year ending March 31, 2020 (announced on February 5, 2020) and consolidated operating results for the previous fiscal year.

Operating

Net income

(Million yen)

Net sales

Ordinary income

attributable to

income

owners of parent

Consolidated business

forecasts for the year

31,000

1,400

1,440

790

ending March 31, 2020

Consolidated operating

results for the year

32,728

1,216

1,289

581

ended March 31, 2019

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Disclaimer

Gurunavi Inc. published this content on 05 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 February 2020 07:43:00 UTC