CrowdWorks : Notice of Revision of Financial Forecasts (Upward Revision of Operating Profit)
May 14, 2021 at 10:51 am EDT
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May 14th, 2021
Company name
CrowdWorks, Inc.
Representative
Koichiro Yoshida
President and CEO
(TSE Mothers Code:3900)
Contact
Takatsugu Tsukii
Director
Notice of Revision of Financial Forecasts (Upward Revision of Operating Profit)
At a meeting of the Board of Directors held on May 14, 2021, the Company announced that it has decided to revise its full-year earnings forecasts for the fiscal year ending September 30, 2021, which were announced in the "Summary of Financial Results for the First Quarter of the Fiscal Year Ending September 30, 2021 [Japan Standards] (Consolidated)" and the "Announcement of Non-Consolidated Financial Forecast and New Forecast for Operating profit due to Transition to Non-Consolidated Financial Statements(FY2021 1Q disclosed)" dated February 12, 2021, in light of recent trends in earnings.
1. Revision of full-year earnings forecast for the fiscal year ending 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)
6,704-
100
-
-
-
7,208
Revised forecasts (B)
7,062-
300
-
-
-
7,377
Change (B-A)
357-
200
-
-
-
168
Rate of changes (%)
5.3-
300
-
-
-
2.3
(Reference) Previous
5,458
(364)
(331)
(105)
(6.9)
Results (FY09/20)
2.Reason for Revision of Financial Forecasts
In the first half of the fiscal year, the Company posted an operating profit of more than 260 million yen, thanks to the steady growth achieved by concentrating investment in the matching business and the success of productivity improvement efforts. As a result, the Company has revised its full-year operating income forecast upward to more than 300 million yen.
With regard to the spread of the new coronavirus infection, although the situation remains uncertain due to the re-emergence of the infection and other factors, there is no change in the Company's future policy at this time.
(Reference: Forecasts for key management indicators)
Since the Company shifted to non-consolidated financial settlement from the second quarter onward, the Company has announced non-consolidated operating results forecasts as described above. However, from the perspective of comparison with the results of the previous fiscal year, the Company has announced financial results forecasts based on initial consolidated accounting as key management indicators.
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The following management indicators are the revised forecasts based on the figures including the first quarter results of the merged consolidated subsidiaries, BizAsst., Inc. and graviee Inc.
[Company] (% figures represent year-on-year increase or decrease)
Total contract value
Net sales
Gross profit
Operating profit
Million
%
Million
%
Million
%
Million
%
yen
yen
yen
yen
Full year ending
14,148-
(7.0)-
7,348-
(15.8)-
(3,244)-
(2.4)-
300
-
Sep. 30, 2021
14,786
(2.8)
7,663
(12.2)
(3,381)
1.8
(Reference)
Full year ended Sep.
15,217
-
8,728
-
3,322
-
(298)
-
30, 2020
[Matching Business]
Total contract value
Net sales
Gross profit
Operating profit
Million
%
Million
%
Million
%
Million
%
yen
yen
yen
yen
Full year ending
14,048-
10.0-
7,248-
15.0-
3,164-
15.0-
500
-
Sep. 30, 2021
14,686
15.0
7,563
20.0
3,301
20.0
(Reference)
Full year ended Sep.
12,771
-
6,303
-
2,751
-
(249)
-
30, 2020
[SaaS Business & New business in other segments]
Total contract value
Net sales
Gross profit
Operating profit
Million
%
Million
%
Million
%
Million
%
yen
yen
yen
yen
Full year ending
100
-
100
-
80
-
(200)
-
Sep. 30, 2021
The forecast of financial results is based on the judgment of the Company based on the information currently available. The forecasts are subject to various uncertainties, and actual results may differ from these forecasts. We will review the forecast of future business performance as necessary and announce it in accordance with the disclosure rules.
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Disclaimer
CrowdWorks Inc. published this content on 14 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 14:50:06 UTC.
CrowdWorks Inc. is a Japan-based company mainly engaged in the crowdsourcing business. The Company operates through five business segments. The Direct Matching segment is engaged in the operation of crowdsourcing platform CrowdWorks for directly matching companies and individuals on the Internet. The Agent Matching segment is engaged in the provision of Crowdtech service and other crowdsourcing services for matching companies and individuals through dedicated staffs. The Business Solution segment is engaged in the provision of systems contract development service and other products and services at the request of companies. The FinTech segment is engaged in the development and provision of financial services for individuals, including ficle service that guarantees payment of individual rewards, and Wallet app that can use the rewards earned for consumption. The Investment Development segment is engaged in the minor investment and development of venture companies.