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    3900   JP3267900003

CROWDWORKS INC.

(3900)
  Report
Delayed Quote. Delayed Japan Exchange - 01/18 10:39:37 pm
1025 JPY   -3.21%
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CrowdWorks : Notice of Concerning Differences Between Financial Forecast and Actual Results

11/15/2021 | 02:30am EST

Nov 15th, 2021

Company name

CrowdWorks, Inc.

Representative

Koichiro Yoshida

President and CEO

(TSE Mothers Code:3900

Contact

Takatsugu Tsukii

Director

Notice of Concerning Differences Between Financial Forecast and Actual Results

At a meeting of the Board of Directors held on November 15, 2021, the Company announced that there has been difference between the full-year earnings forecast for the fiscal year ending September 30, 2021, which was announced in the "Summary of Financial Results for the Third Quarter of the Fiscal Year Ending September 30, 2021 [Japan GAAP] (Non-consolidated)" and the "Notice of Revision of Earnings Forecast (Upward Revision of Operating Income)" dated August 11, 2021, and the actual results for the fiscal year ended September 30, 2021.

1. Difference between earnings forecast for the fiscal year and Actual results the actual results for the fiscal year ended September 30, 2021. (October 1, 2020 to September 30, 2021)

Net sales

Operating

Ordinary

Net Profit

Profit per

profit

profit

share

Million yen

Million yen

Million yen

Million yen

Yen

Previous forecasts(A)

7,377

437

-

-

-

Actual Results (B)

7,769

575

645

622

40.84

Change (B-A)

392

138

-

-

-

Rate of changes (%)

5.3

31.6

-

-

-

(Reference) Previous

5,458

(364)

(331)

(105)

(6.9)

Results (FY09/20)

2.Reason for the difference

In line with our policy of selection and concentration on our core matching business, we achieved net sales of 7,769 million yen, exceeding our forecast as a result of growth driven by expanding needs for high-skilled human resources in the fields of engineers and designers. Operating income also exceeded the forecast and reached a record high, due to company-wide efforts to improve productivity while continuing to invest in advertising and strengthen the sales structure.

(Reference: Actual Results for key management indicators)

Since the Company shifted to non-consolidated financial settlement from the second quarter of the fiscal year ending September 30, 2021 onward, the Company has announced non-consolidated operating results forecasts as described above. However, from the perspective of comparison with the results of the fiscal year ended September 30, 2020, the Company has announced financial results forecasts based on initial consolidated accounting as key management indicators.

1

The following management indicators are the revised results based on the figures including the first quarter for the fiscal year ended September 30, 2021 of the merged consolidated subsidiaries, BizAsst., Inc. and graviee Inc.

[Company] (% figures represent year-on-year increase or decrease)

GMV

Net sales

Gross profit

Operating profit

Million

%

Million

%

Million

%

Million

%

yen

yen

yen

yen

Full year ending

15,698

3.2

8,055

(7.7)

3,600

8.4

600

-

Sep. 30, 2021

(Reference)

Full year ended Sep.

15,216

-

8,728

-

3,322

-

(298)

-

30, 2020

[Matching Business]

GMV

Net sales

Gross profit

Operating profit

Million

%

Million

%

Million

%

Million

%

yen

yen

yen

yen

Full year ending

15,578

22.0

7,936

25.9

3,498

27.1

799

-

Sep. 30, 2021

(Reference)

Full year ended Sep.

12,771

-

6,302

-

2,751

-

(249)

-

30, 2020

[SaaS Business & New business in other segments]

GMV

Net sales

Gross profit

Operating profit

Million

%

Million

%

Million

%

Million

%

yen

yen

yen

yen

Full year ending

119

-

119

-

102

-

(199)

-

Sep. 30, 2021

Note. The "GMV" shown in this disclosure has been renamed from the "Total contract value".

2

Disclaimer

CrowdWorks Inc. published this content on 15 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2021 07:29:06 UTC.


ę Publicnow 2021
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Financials
Sales 2021 7 769 M 67,7 M 67,7 M
Net income 2021 622 M 5,43 M 5,43 M
Net cash 2021 4 147 M 36,1 M 36,1 M
P/E ratio 2021 41,8x
Yield 2021 -
Capitalization 16 158 M 141 M 141 M
EV / Sales 2020 2,05x
EV / Sales 2021 2,75x
Nbr of Employees 190
Free-Float 61,4%
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Managers and Directors
Koichiro Yoshida President, CEO & Representative Director
Koichiro Ohba Chief Information Officer & Executive Officer
Shuzo Narita COO, Director & Vice President
Shinichi Nomura Director & Head-Development
Koichi Orui Director & General Manager-Business Development
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