Gurunavi : Notice regarding Differences between FY2019 Interim Forecast and Financial Results and Revised Full-Year Forecast
October 30, 2019 at 03:32 am EDT
Share
For immediate release
Name of Listed Company:
Gurunavi, Inc.
Listed Stock Exchanges:
Tokyo Stock Exchange
Stock Code:
2440
Representative:
Akio Sugihara, President
Notice Regarding Differences between Interim Business Forecast and Financial Results for the Fiscal Year ending March 31, 2020 and Revised Full-Year Business Forecast
October 30, 2019 ̶ Gurunavi, Inc. (the "Company") announces differences between interim business forecast for the fiscal year ending March 31, 2020 (April 1, 2019 to September 30, 2019), announced on May 13, 2019 and the financial results announced today.
In addition, the Company announces that it has revised its consolidated full-year forecast for the fiscal year ending March 31, 2020 (April 1, 2019 to March 31, 2020), in light of recent business performance.
1. Differences between interim forecast and financial results for the fiscal year ended March 31, 2020 (April 1, 2019 to September 30, 2019)
Net income
Basic
Operating
Ordinary
attributable
Net sales
earnings per
income
income
to owners of
parent
share
Forecast previously
Million yen
Million yen
Million yen
Million yen
yen
announced (A)
14,400
(2,000)
(2,000)
(2,020)
(43.13)
Financial results (B)
15,163
681
700
484
10.34
Change (B-A)
763
2,681
2,700
2,504
Rate of change (%)
5.3
―
―
―
(Reference)
Interim results for the
16,004
1,030
1,042
672
14.37
fiscal year ended March
31, 2019
1
2. Revised consolidated full-year forecast for the fiscal year ending March 31, 2020 (April 1, 2019 to March 31, 2020)
Net income
Basic
Operating
Ordinary
attributable
Net sales
earnings per
income
income
to owners of
parent
share
Forecast previously
Million yen
Million yen
Million yen
Million yen
yen
announced (A)
30,800
(3,500)
(3,500)
(3,550)
(75.80)
Revised forecast (B)
30,800
(2,000)
(2,000)
(2,050)
(43.77)
Change (B-A)
―
1,500
1,500
1,500
Rate of change (%)
―
―
―
―
(Reference)
Results for the fiscal
32,728
1,216
1,289
581
12.42
year ended March 31,
2019
3. Reasons for differences and revision
<Interim results for the fiscal year>
Online reservation commission fees and promotion business sales exceeded initial forecasts. Costs fell below initial forecasts significantly due to postponed execution of budget for advertising / sales promotional expenses to the second half and the advance fixed cost reduction ahead of schedule. As a result, each of profits turned into surplus from the initial deficit forecast.
<Full-year forecast>
Regarding net sales, no revision of the previously announced forecast shall be made after a careful review on the first half sales result and expected online reservation commission fee growth. In terms of costs, reduction of costs centering on fixed costs will be continued, but in addition to executing the budget postponed from the first half, additional costs are planned to invest with the aim of promoting strengthening measures based on the medium-term business policy. Considering these factors, each of profit forecasts shall be revised as shown in 2 above.
Important note
The above forecast is based on information available at the time of this announcement and is subject to a number of uncertainties. Actual results could differ materially from this forecast due to changes in business conditions and other factors.
2
Attachments
Original document
Permalink
Disclaimer
Gurunavi Inc. published this content on 30 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2019 07:31:05 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.