Gurunavi : Notice Concerning the Recording of Extraordinary Loss (Loss on Valuation of Investment Securities)
February 05, 2020 at 02:44 am EST
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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
Gurunavi, Inc. is an Internet search service provider. The Company provides promotion services of various restaurant information to users through personal computers, mobile phones and smart phones by the operation of Website for restaurant information under the name Gurunavi. It also engages in development of products and sales promotion support services for food producers and food manufacturers. The related business operates a virtual shopping district to sells food on the Internet, delivery site, wedding information site, local information site, Tokyo odekake information site, tourist information site, among others.