Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
April 14, 2022
Consolidated Financial Results | |
for the Six Months Ended February 28, 2022 | |
(Under Japanese GAAP) | |
Company name: | coconala Inc. |
Listing: | Tokyo Stock Exchange |
Securities code: | 4176 |
URL: | https://coconala.co.jp/ |
Representative: | Ayumu Suzuki, Chief Executive Officer |
Inquiries: | Seiichiro Matsumoto, Chief Financial Officer |
TEL: | +81-3-6712-7771 |
Scheduled date to file quarterly securities report: | April 14, 2022 |
Scheduled date to commence dividend payments: | - |
Preparation of supplementary material on quarterly financial results: | Yes |
Holding of quarterly financial results briefing: | Yes |
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated financial results for the six months ended February 28, 2022 (from September 1, 2021 to February 28, 2022)
(1) Consolidated operating results (cumulative)
(Percentages indicate year-on-year changes.)
Operating revenue | Operating profit | Ordinary profit | Profit attributable to owners of parent | |||||
Six months ended February 28, 2022 February 28, 2021 | Millions of yen 1,787 - | % - - | Millions of yen (448) - | % - - | Millions of yen (447) - | % - - | Millions of yen (447) - | % - - |
(Note) Comprehensive income | For the six months ended February 28, 2022: | ¥(448) million [ - %] |
For the six months ended February 28, 2021: | ¥- million [ - %] |
Basic earnings per share | Diluted earnings per share | |
Six months ended February 28, 2022 February 28, 2021 | Yen (19.47) - | Yen - - |
(Notes) 1. As the Company has prepared consolidated financial statements from the second quarter of the fiscal year ending
August 31, 2022, the figures for the six months ended February 28, 2021 and the percentages indicating year-on-year changes have not been stated.
2. For the six months ended February 28, 2022, a figure for diluted earnings per share has not been stated despite the existence of dilutive shares because the Company incurred basic loss per share.
(2) Consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | |
As of February 28, 2022 August 31, 2021 | Millions of yen 3,677 - | Millions of yen 2,130 - | % 53.8 - |
(Reference) Equity: | As of February 28, 2022 | ¥1,977 million |
As of August 31, 2021 | ¥- million |
(Note)
As the Company has prepared consolidated financial statements from the second quarter of the fiscal year ending August 31, 2022, the figures as of August 31, 2021 have not been stated.
2. Cash dividends
Annual dividends per share | |||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | |
Fiscal year ended August 31, 2021 Fiscal year ending August 31, 2022 | Yen - - | Yen 0.00 0.00 | Yen - | Yen 0.00 | Yen 0.00 |
Fiscal year ending August 31, 2022 (Forecast) | - | 0.00 | 0.00 |
(Note)
Revisions to the forecast of cash dividends most recently announced: None
3. Consolidated earnings forecasts for the fiscal year ending August 31, 2022 (September 1, 2021 to August 31, 2022)
(Percentages indicate year-on-year changes.)
Operating revenue | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Full year | Millions of yen 3,650 | % - | Millions of yen (1,290) | % - | Millions of yen (1,290) | % - | Millions of yen (1,292) | % - | Yen (57.74) |
(Notes) As the Company has prepared consolidated financial statements from the second quarter of the fiscal year ending
August 31, 2022, the percentages indicating year-on-year changes have not been stated.
* Notes
(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): Yes
Newly included: 1 company (CSP No.1 Investment Limited Partnership) Excluded: -
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates, and restatement
(i) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
(ii) Changes in accounting policies due to other reasons: None
(iii) Changes in accounting estimates: None
(iv) Restatement: None
(4) Number of issued shares (common shares)
(i) Total number of issued shares at the end of the period (including treasury shares)
As of February 28, 2022
23,382,700 shares
As of August 31, 2021
22,380,500 shares
(ii) Number of treasury shares at the end of the period
As of February 28, 2022
-
As of August 31, 2021
-
(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
For the six months ended February 28, 2022 | 22,969,229 shares |
For the six months ended February 28, 2021 | 20,474,000 shares |
* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
* Proper use of forecasts, and other special matters
The forecasts and other forward-looking statements in this report are based on information currently available to the Company and certain assumptions determined as rational. Consequently, any statements herein do not constitute assurances regarding actual results by the Company. Actual performance may significantly differ from these forecasts due to various factors in the future.
Attached Materials
Index
1. Qualitative information on quarterly financial results .............................................................................. 2
(1) Explanation regarding operating results ............................................................................................. 2
(2) Explanation regarding financial position ............................................................................................ 2
(3) Explanation regarding consolidated earnings forecasts and other forward-looking statements ......... 3
2.
Quarterly consolidated financial statements and significant notes thereto ............................................... 4
(1) Quarterly consolidated balance sheet ................................................................................................. 4
(2) Quarterly consolidated statement of income and quarterly consolidated statement of comprehensive
income ................................................................................................................................................ 5
Quarterly consolidated statement of income ...................................................................................... 5
Quarterly consolidated statement of comprehensive income ............................................................. 6
(3) Quarterly consolidated statement of cash flows ................................................................................. 7
(4) Notes to quarterly consolidated financial statements ......................................................................... 8
(Notes on uncertainties of entity's ability to continue as going concern) ........................................... 8
(Notes when there are significant changes in amounts of equity) ...................................................... 8
(Additional information) .................................................................................................................... 8
(Segment information, etc.) ................................................................................................................ 9
(Significant events after reporting period) .......................................................................................... 9
1. Qualitative information on quarterly financial results
(1) Explanation regarding operating results
During the six months ended February 28, 2022, the Japanese economy was beset by a persisting outlook of uncertainty with still no end in sight in terms of the prolonged nature of the novel coronavirus disease (COVID-19) pandemic despite the number of people vaccinated in Japan has increased.
Under such circumstances, the Company focused on the development of product features, and in order to intensely facilitate its efforts to capture a user base through mass media and other such channels, updated TV commercials that have been running since August 2021 in January 2022, and ran these TV commercials nationwide in Japan.
During the six months ended February 28, 2022, the Company consequently achieved the following financial results: GMV of ¥5,964,026 thousand, operating revenue of ¥1,787,992 thousand, operating loss of ¥448,122 thousand, ordinary loss of ¥447,403 thousand, and loss attributable to owners of parent of ¥447,148 thousand.
Operating results by segment are as follows.
(i) coconala
In "coconala," the Company continued to expand the number of registered buyers through proactive marketing investments by updating the TV commercials that have been running since August 2021 in January 2022. In particular, the growth of production and business category drove overall GMV growth.
As a result, operating revenue amounted to ¥1,615,737 thousand, while segment loss amounted to ¥432,770 thousand.
(ii) coconala Legal Consultation
In "coconala Legal Consultation," the number of lawyers registered under the fee-based service increased as both precision and volume of the matching of users and lawyers were steady, and against this backdrop, fixed usage fees, which are advertising revenue from lawyers, also grew.
As a result, operating revenue amounted to ¥172,255 thousand, while segment loss amounted to ¥12,671 thousand.
(2) Explanation regarding financial position
(i) Assets, liabilities and net assets
Assets
Total assets as of February 28, 2022 were ¥3,677,737 thousand.
They mainly consist of cash and deposits of ¥2,815,063 thousand.
Liabilities
Total liabilities as of February 28, 2022 were ¥1,547,128 thousand.
They mainly consist of deposits received of ¥802,174 thousand, advances received of ¥488,195 thousand, and accounts payable of ¥215,567 thousand.
Net assets
Total net assets as of February 28, 2022 were ¥2,130,609 thousand.
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Coconala Inc. published this content on 14 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2022 06:14:09 UTC.