Gumi : Summary of Consolidated Financial Results for the Year Ended April 30, 2022(Based on Japanese GAAP)

		Summary of Consolidated Financial Results
		for the Year Ended	April 30, 2022
		(Based on Japanese GAAP)
					June 10, 2022
Company Name:	gumi Inc.		Stock exchange listing:	Tokyo
Stock code:	3903	URL		https:// gu3.co.jp/
Representative:	Title	CEO	Name	Hiroyuki Kawamoto
Inquiries:	Title	CFO	Name	Makoto Motoyoshi	(TEL) 03 (5358) 5322
Scheduled date of ordinary general meeting of shareholders:		July 27 2022
Scheduled date to file Securities Report:		July 27 2022
Scheduled date to commence dividend payments		－
Preparation of supplementary material on financial results:	Yes
Holding of quarterly financial results meeting:	Yes
				(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended April 30, 2022 (from May, 2021 to April 30, 2022)

(1) Consolidated operating results (cumulative)				(Percentages indicateyear-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		%
Year ended April 30, 2022	18,942		1.7	△2,262	－	△3,890		－	△6,273		－
Year ended April 30, 2021	18,628		△6.0	1,514	△32.0	6,071		185.7	1,835		4.4

Note. Comprehensive income: FYE April 30, 2022: △5,929 millions of yen (－%) FYE April 30, 2021: 2,044 millins of yen (54.7 %)

		Diluted earnings per	Profit attributable to	Ordinary profit/ total	Operating profit/ net
	Earnigs per share	owners of
	share	assets	sales
		parent/equity
	Yen	Yen	％	％	％
As of April 30, 2022	△214.07	－	△49.4	△17.9	△11.9
As of April 30, 2021	60.73	59.73	12.1	27.0	8.1

Notes: 1. Since "Accounting Standard for Revenue Recognition" (ASBJ Statement No.29), etc. have been applied from the three months ended July 31, 2021, the above amounts of consolidated financial results reflect the application of the accounting standard, etc.

(2) Consolidatd financial position

		Total assets		Net assets		Equity ratio	Net assets per share
		Millions of yen		Millions of yen		％	Yen
As of April 30, 2022		18,362		10,084		50.2	316.11
As of April 30, 2021		25,012		17,190		64.7	535.17
（Reference） Equity capital :	FYE April 30, 2022 9,221 millions of yen	FYE April 30, 2021	16,189 millions of yen

Notes: 1. Since "Accounting Standard for Revenue Recognition" (ASBJ Statement No.29), etc. have been applied from the three months ended July 31, 2021, the above amounts of consolidated financial results reflect the application of the accounting standard, etc.

(3) Consolidated cash flows

	Cash flows from operating	Cash flows from investing	Cash flows from financing	Cash and cash equivalents
	activities		activities	activities	at end of period
	Millions	of yen	Millions of yen	Millions of yen	Millions of yen
Year ended April 30, 2022		△2,473	398	△248	6,302
Year ended April 30, 2021		2,805	△2,155	1,919	8,492

Notes: 1. Since "Accounting Standard for Revenue Recognition" (ASBJ Statement No.29), etc. have been applied from the three months ended July 31, 2021, the above amounts of consolidated financial results reflect the application of the accounting standard, etc.

2. Cash dividends

Annual dividends per share

Total cash

Dividend payout

Ratio of dividends

dividends (Total)

ratio

to net assets

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal

year-

Total

end

(consolidated)

（Consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

％

％

FYE April 30, 2021

－

0.

00

－

5.

00

5.

00

151

8.2

1.0

FYE April 30, 2022

－

0.

00

－

0.

00

0.

00

－

－

－

FYE April 30, 2023

－

－

－

－

－

－

(Forecast)

Notes: 1. It is undetermined for the dividends in FYE April 30, 2023

3. Forecast of consolidated financial results FYE April 30, 2023 (May 1, 2022 to April 30, 2023)

Due to volatility of our business environmental changes, it is difficult to calculate and predict our accurate financial results. Therefore, we do not publish forecast of our business.

※ Notes
(1)	Changes in significant subsidiaries during the Year eneded April 30, 2022	：No
(changes in specified subsidiaries with the change in the scope of consolidation)
(2)	Changes in accounting policies, changes in accounting estimates and restatements
	1)	Changes in accounting policies due to the revision of accounting standards	：Applicable
	2)	Changes in accounting policies other than 1)	：Not applicable
	3)	Changes in accounting estimates	：Not applicable
	4)	Restatements	：Not applicable

1. Total number of issued shares (Common stock)
2. 1. Total number of issued shares at the end of the period (including treasury shares)
   2. Total number of treasury shares at the end of the period
   3. Average number of shares during the period (cumulative)

Reference: Non-consolidated financial summary

As of April 30, 2022	31,271,400	As of April 30, 2021	31,231,900
Shares	shares
As of April 30, 2022	2,101,039	As of April 30, 2021	980,039
shares	shares
As of April 30, 2022	29,306,750	As of April 30, 2021	30,227,710
shares	shares

1. Non-consolidated financial results for the year ended April 30, 2022 (from May, 2021 to April 30, 2022)

(1) Non-consolidated operating results (cumulative)

(Percentages indicateyear-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

%

Year ended April 30, 2022

18,764

1.5

△2,837

－

△3,136

－

△5,383

－

Year ended April 30, 2021

18,493

△6.7

925

△55.1

810

△60.5

△2,100

－

Earnigs per share

Diluted earnings per

share

Yen

Yen

As of April 30, 2022

△183.68

－

As of April 30, 2021

△69.49

－

(2) Non-consolidatd financial position

Total assets

Net assets

Equity ratio

Net assets per share

Millions

of yen

Millions

of yen

％

Yen

As of April 30, 2022

18,379

6,479

33.2

208.91

As of April 30, 2021

21,550

13,038

59.0

420.53

（Reference） Equity capital :

FYE April 30, 2022 6,093 millions of yen

FYE April 30, 2021

12,721 millions of yen

• These financial results are outside the scope of annual review by certified public accountants and audit firms.
• Explanation for the appropriate use of performance forecast and other special notes:

(Cautionary note on forward-looking statements)

The statements regarding forecast of financial results in this report are based on the information that is available to the Company, as well as certain assumptions that are deemed to be reasonable by management, and they are not meant to be a commitment by the Company. Thereore, there might be cases in which actual results differ materially from forecast values due to various factors.

Consolidated financial statements

Consolidated balance sheets

		(Thousands of yen)
	As of April 30, 2021	As of April 30, 2022
Assets
Current assets
Cash and deposits	8,492,510	6,302,742
Accounts receivable - trade and contract assets	1,812,179	1,852,967
Prepaid expenses	411,254	533,760
Accounts receivable - other	1,319,666	315,892
Income taxes refund receivable	2,564	213,049
Crypto assets	1,277,159	595,634
Other current asset	269,585	198,061
Total current assets	13,584,920	10,012,108
Non-current assets
Property, plant and equipment
Buildings	292,787	300,431
Accumulated depreciation-Buildings	△ 184,641	△ 206,767
Buildings, net	108,146	93,663
Tools, furniture and fixtures	336,871	388,884
Accumulated depreciation-Tools, furniture and fixtures	△ 309,632	△ 353,885
Tools, furniture and fixtures, net	27,239	34,999
Total property, plant and equipment	135,386	128,663
Intangible assets
Software	493,142	359,920
Software in progress	3,405,522	2,548,821
Other intangible assets	73,855	25,051
Total intangible assets	3,972,519	2,933,793
Investment and other assets
Leasehold and guarantee deposits	372,771	283,325
Investment securities	1,823,758	1,687,546
Shares of subsidiaries and associates	678,276	475,057
Investments in other securities of subsidiaries and associates	3,671,840	2,340,035
Deffered tax assets - long term -	506,086	184,905
Other investments	266,736	317,274
Total investments and other assets	7,319,469	5,288,143
Total non-current assets	11,427,375	8,350,600
Total assets	25,012,295	18,362,709

		(Thousands of yen)
	As of April 30, 2021	As of April 30, 2022
Liabilities
Current liabilities
Accounts payable - trade	542,982	393,015
Current portion of long-term borrowings	1,999,734	3,049,208
Asset retirement obligations-current	－	53,156
Accounts payable - other	1,016,574	1,120,955
Accrued expenses	33,344	69,714
Income taxes payable	763,577	442,151
Accrued consumption taxes	66,332	41,334
Deposits received	36,302	70,938
Provision for bonuses	100,239	106,754
Other current liabilities	16,922	395,350
Total current liabilities	4,576,010	5,742,578
Non-current liabilities
Long-term borrowings	2,500,404	2,368,124
Asset retirement obligations-non-current	114,145	64,763
Deffered tax liabilities	631,297	102,880
Total non-current liabilities	3,245,846	2,535,767
Total liabilities	7,821,857	8,278,346
Net assets
Shareholders' equity
Share capital	9,399,470	9,417,653
Capital surplus	3,407,249	3,425,432
Retained earnings	4,336,840	△ 2,218,164
Treasury shares	△ 1,058,438	△ 2,058,370
Total shareholders' equity	16,085,121	8,566,551
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	74,790	71,151
Foreign currency translation adjustment	29,978	583,300
Total accumulated other comprehensive income	104,769	654,451
Share acquisition rights	316,551	385,108
Non-controlling interests	683,995	478,251
Total net assets	17,190,437	10,084,362
Total liabilities and net assets	25,012,295	18,362,709

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

(cumulative)

Consolidated statements of income (cumulative)

		(Thousands of yen)
	Fiscal year ended April	Fiscal year ended April
	30, 2021	30, 2022
Net sales	18,628,710	18,942,037
Cost of Sales	13,633,170	17,043,634
Gross profit
4,995,540	1,898,403
Selling, general and admistrative expenses	3,481,241	4,160,571
Operating profit (loss)
1,514,299	△ 2,262,168
Non-operating income
Interest and dividend income	725	997
Gain on investments in investment partnerships	203,499	18,619
Gain on valuation of Crypto Assets	1,124,707	－
Gain on sale of Crypto Assets	930,898	22,201
Subsidy income	3,267	14,787
Gain on sale of non-current assets	47,668	－
Interest on tax refund	3,425	－
Gain from exemption of consumption	－	28,963
Share of profit of entities accounted for using equity method	2,368,830	－
Dividend income of insurance	－	10,000
Other non-operating income	2,013	7,807
Total non-operating income	4,685,035	103,376
Non-operating expenses
Interest expenses	30,155	36,681
Foreign exchange losses	93,884	249,122
Loss on valuation of Crypto Assets	－	851,441
Share of loss of entities accounted for using equity method	－	571,027
Other non-operating expenses	4,164	22,981
Total non-operating expenses
128,204	1,731,255
Ordinary profit (loss)	6,071,130	△ 3,890,047
Extraordinary income
Gain on sale of investment securities	－	11
Gain on reversal of share acquisition rights	9,398	－
Total extraordinary income
9,398	11
Extraordinary losses
Impairement losses	1,688,647	1,906,092
Loss on valuation of investment securities	634,653	126,296
Loss on valuation of shares of subsidiaries and associates	－	217,684
Business restructuring cost	17,127	－
Retirement benefits for directors (and other officers)	－	150,000
Total extraordinary losses
2,340,429	2,400,072
Profit (loss) before income taxes	3,740,099	△ 6,290,109
Income taxes - current
753,221	436,777
Income taxes - deffered	1,187,512	△ 247,447
Total income taxes
1,940,733	189,330
Profit (loss)
1,799,366	△ 6,479,439
Loss attributable to non-controlling interests
△ 36,290	△ 205,744
Profit (loss) attributable to owner of parent
1,835,657	△ 6,273,694