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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Gift Inc.    9279   JP3264860002

GIFT INC.

(9279)
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Gift : Consolidated Financial Results for the Nine Months Ended July 31, 2020

09/16/2020 | 02:05am EST

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the Nine Months Ended July 31, 2020 (Based on Japanese GAAP)

September 14, 2020

Company name:

GIFT INC.

Stock exchange listing:

Tokyo

Stock code:

9279

URL

http://www.gift-group.co.jp/

Representative:

President and Representative Director

Sho Tagawa

Inquiries:

Managing Director & General Manager,

Norihiko Suehiro

TEL 042-860-7182

Administration Division

Scheduled date to file Quarterly Securities Report:

September 14, 2020

Scheduled date to commence dividend payments:

-

Preparation of supplementary material on quarterly financial results:

No

Holding of quarterly financial results meeting:

No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the nine months ended July 31, 2020 (from November 1, 2019 to July 31, 2020)

(1) Consolidated operating results (cumulative)

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Nine months ended July 31, 2020

7,972

19.8

305

(61.5)

360

(55.1)

182

(63.1)

Nine months ended July 31, 2019

6,657

31.0

793

29.5

803

29.9

494

6.0

Earnings per share

Diluted earnings per share

Yen

Yen

Nine months ended July 31, 2020

18.38

18.27

Nine months ended July 31, 2019

50.56

49.72

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

As of July 31, 2020

6,340

3,187

50.3

As of October 31, 2019

5,781

3,141

54.3

2. Cash dividends

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended October 31, 2019

-

0.00

-

30.00

30.00

Year ending October 31, 2020

-

0.00

-

Year ending October 31, 2020 (Forecast)

10.00

10.00

NoteAs of March 19, 2020, the Company conducted a split of its common shares 2 for 1. For the year ended October 31, 2019, the dividend amount is actual one before the stock split.

3. Forecast of consolidated financial results for the year ending October 31, 2020 (from November 1, 2019 to October 31, 2020)

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to

Earnings per share

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full year

10,880

20.2

569

(43.5)

616

(39.7)

132

(74.8)

13.36

1

4. Notes

(1)

Changes in significant subsidiaries during the nine months ended July 31, 2020

No

(changes in specified subsidiaries resulting in the change in scope of consolidation):

(2)

Application of special accounting methods for preparing quarterly consolidated financial statements:

Yes

(3)

Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements

Changes in accounting policies due to revisions to accounting standards and other regulations:

No

Changes in accounting policies due to other reasons:

No

Changes in accounting estimates:

No

Restatement of prior period financial statements:

No

(4)

Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

As of July 31, 2020

9,928,762 shares

As of October 31, 2019

9,896,800

shares

Number of treasury shares at the end of the period

As of July 31, 2020

- shares

As of October 31, 2019

- shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)

Nine months ended July 31, 2020

9,914,449 shares

Nine months ended July 31, 2019

9,783,642

shares

2

Quarterly consolidated financial statements

Consolidated balance sheets

(Thousands of yen)

As of October 31, 2019

As of July 31, 2020

Assets

Current assets

Cash and deposits

1,875,855

1,410,984

Accounts receivable - trade

221,384

199,966

Merchandise and finished goods

55,666

45,499

Raw materials and supplies

46,705

42,818

Other

106,602

200,725

Allowance for doubtful accounts

(1,996)

(911)

Total current assets

2,304,217

1,899,082

Non-current assets

Property, plant and equipment

Buildings and structures

2,168,150

2,845,637

Accumulated depreciation

(553,692)

(664,552)

Buildings and structures, net

1,614,457

2,181,085

Land

80,716

80,716

Other

872,772

1,142,126

Accumulated depreciation

(435,873)

(512,032)

Other, net

436,898

630,094

Total property, plant and equipment

2,132,072

2,891,895

Intangible assets

Goodwill

166,302

150,712

Other

25,787

28,060

Total intangible assets

192,090

178,772

Investments and other assets

Leasehold and guarantee deposits

643,026

724,624

Other

510,263

647,012

Allowance for doubtful accounts

(588)

(435)

Total investments and other assets

1,152,701

1,371,202

Total non-current assets

3,476,864

4,441,870

Total assets

5,781,082

6,340,953

3

(Thousands of yen)

As of October 31, 2019

As of July 31, 2020

Liabilities

Current liabilities

Accounts payable - trade

297,964

266,204

Short-term borrowings

470,537

1,040,848

Current portion of long-term borrowings

347,996

420,872

Income taxes payable

282,664

80,554

Provision for bonuses

45,654

39,662

Asset retirement obligations

2,164

-

Other

675,103

522,467

Total current liabilities

2,122,083

2,370,608

Non-current liabilities

Long-term borrowings

332,556

538,280

Asset retirement obligations

171,088

231,066

Other

13,627

13,798

Total non-current liabilities

517,272

783,144

Total liabilities

2,639,356

3,153,753

Net assets

Shareholders' equity

Share capital

776,409

786,141

Capital surplus

1,028,537

1,038,269

Retained earnings

1,340,105

1,373,918

Total shareholders' equity

3,145,052

3,198,329

Accumulated other comprehensive income

Foreign currency translation adjustment

(3,326)

(11,129)

Total accumulated other comprehensive income

(3,326)

(11,129)

Total net assets

3,141,725

3,187,199

Total liabilities and net assets

5,781,082

6,340,953

4

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

(Thousands of yen)

Nine months ended

Nine months ended

July 31, 2019

July 31, 2020

Net sales

6,657,330

7,972,451

Cost of sales

2,000,750

2,352,750

Gross profit

4,656,580

5,619,700

Selling, general and administrative expenses

3,862,818

5,314,436

Operating profit

793,762

305,263

Non-operating income

Interest income

2,907

6,308

Commission income

9,509

13,875

Subsidy income

-

33,906

Other

3,522

4,315

Total non-operating income

15,939

58,405

Non-operating expenses

Interest expenses

1,227

1,785

Foreign exchange losses

5,053

-

Prepayment fee

-

1,150

Other

21

40

Total non-operating expenses

6,303

2,976

Ordinary profit

803,398

360,693

Extraordinary income

Gain on sales of non-current assets

6,754

-

Gain on liquidation of subsidiaries

-

10,771

Gain on insurance claims

-

9,331

Other

-

1,829

Total extraordinary income

6,754

21,932

Extraordinary losses

Loss on retirement of non-current assets

19,528

4,982

Loss on sales of non-current assets

-

17,576

Loss on temporary closing of stores

-

6,374

Other

-

255

Total extraordinary losses

19,528

29,188

Profit before income taxes

790,624

353,438

Income taxes

295,998

171,161

Profit

494,626

182,276

Profit attributable to owners of parent

494,626

182,276

5

Consolidated statements of comprehensive income (cumulative)

(Thousands of yen)

Nine months ended

Nine months ended

July 31, 2019

July 31, 2020

Profit

494,626

182,276

Other comprehensive income

Foreign currency translation adjustment

(5,557)

(7,803)

Total other comprehensive income

(5,557)

(7,803)

Comprehensive income

489,068

174,473

Comprehensive income attributable to

Comprehensive income attributable to owners of parent

489,068

174,473

6

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

GIFT inc. published this content on 16 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2020 06:04:06 UTC


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Financials
Sales 2020 11 073 M 106 M 106 M
Net income 2020 144 M 1,38 M 1,38 M
Net Debt 2020 - - -
P/E ratio 2020 114x
Yield 2020 0,60%
Capitalization 16 462 M 158 M 158 M
Capi. / Sales 2020 1,49x
Capi. / Sales 2021 1,15x
Nbr of Employees 306
Free-Float 34,8%
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Technical analysis trends GIFT INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 2 800,00 JPY
Last Close Price 1 658,00 JPY
Spread / Highest target 68,9%
Spread / Average Target 68,9%
Spread / Lowest Target 68,9%
EPS Revisions
Managers
NameTitle
Shogo Tagawa President & Representative Director
Tatsuya Sasajima Director, VP & Manager-Produce Business
Seiji Fujii Director & Manager-Retail Stores Business
Norihiko Suehiro Managing Director & GM-Administration
Seiki Enoki Director & Manager-Corporate Planning
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