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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Gurunavi, Inc.    2440   JP3274180003

GURUNAVI, INC.

(2440)
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Gurunavi : Consolidated Financial Results for 1Q FY2020

07/29/2020 | 02:15am EST

Translation

July 29, 2020

Consolidated Financial Results

for the First Quarter of the Fiscal Year Ending March 31, 2021

Name of the Listed Company:

Gurunavi, Inc.

Listed Stock Exchanges:

Tokyo Stock Exchange

Stock Code:

2440

URL:

https://corporate.gnavi.co.jp/en/

Representative:

Akio Sugihara, President and Representative Director

Contact:

Teruhisa Yamada, Senior Managing Executive Officer

TEL: +81-3-3500-9700

Scheduled date to submit Quarterly Securities Report:

July 30, 2020

Scheduled date to commence dividend payments:

-

Preparation of supplementary materials on quarterly financial results: Yes

Holding of quarterly financial results presentation meeting:

Yes (for institutional investors and analysts)

(Millions of yen with fractional amounts discarded, unless otherwise noted.)

1. Consolidated financial results for the first quarter of the fiscal year ending March 31,

2021 (from April 1, 2020 to June 30, 2020)

(1) Consolidated operating results (cumulative)

(Percentages indicate year-on-year changes.)

Net sales

Operating income

Ordinary income

Net income attributable

to owners of parent

Three months ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

June 30, 2020

1,783

(76.4)

(3,824)

-

(3,815)

-

(3,777)

-

June 30, 2019

7,551

(8.0)

80

(86.6)

90

(85.0)

61

(84.7)

Note:

Comprehensive income

Three months ended June 30, 2020:

¥(3,740) million

[

-%]

Three months ended June 30, 2019:

¥9 million

[ (98.0%)]

Basic earnings

Diluted earnings

per share

per share

Three months ended

Yen

Yen

June 30, 2020

(80.60)

-

June 30, 2019

1.31

1.31

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

As of

Millions of yen

Millions of yen

%

Yen

June 30, 2020

18,119

15,348

84.4

326.10

March 31, 2020

23,979

19,270

80.1

409.90

Reference:

Equity

As of June 30, 2020:

¥15,283 million

As of March 31, 2020:

¥19,211 million

- 1 -

2. Cash dividends

Annual dividends

First quarter-end

Second quarter-end

Third quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Fiscal year ended

-

4.00

-

4.00

8.00

March 31, 2020

Fiscal year ending

-

March 31, 2021

Fiscal year ending

March 31, 2021

-

-

-

-

(Forecast)

Note:

Revisions to the cash dividend forecasts most recently announced: None

The dividend forecasts for the fiscal year ending March 31, 2021 are undecided

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2021 (from April 1, 2020 to March 31, 2021)

Since it is difficult to calculate a rational business outlook based on the impact on restaurants by COVID-19 and new lifestyle during/post COVID-19, the consolidated forecasts for the fiscal year ending March 2021 are currently undecided, and therefore are not presented.

The forecasts will be promptly disclosed when they become available.

* Notes

  1. Changes in significant subsidiaries during the three months under review (changes in specified subsidiaries resulting in change in scope of consolidation): None
  2. Application of special accounting for preparing quarterly consolidated financial statements: Yes
  3. Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements after error corrections
    1. Changes in accounting policies due to revisions to accounting standards and other regulations: None
    2. Changes in accounting policies due to other reasons: None
    3. Changes in accounting estimates: None
    4. Restatement of prior period financial statements after error corrections: None
  4. Number of shares issued (common shares)
    1. Total number of shares issued at the end of the period (including treasury shares)

As of June 30, 2020

48,675,100 shares

As of March 31, 2020

48,675,100 shares

  1. Number of treasury shares at the end of the period

As of June 30, 2020

1,806,562 shares

As of March 31, 2020

1,806,562 shares

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

Three months ended June 30, 2020

46,868,538 shares

Three months ended June 30, 2019

46,835,938 shares

  • Quarterly financial results are exempt from quarterly review conducted by certified public accountants or an audit corporation.
  • Proper use of earnings forecasts, and other special matters

Forward-looking statements, including the consolidated forecasts stated in these materials, are based on information currently available to the Company and certain assumptions deemed reasonable. Consequently, any statements herein do not constitute assurances regarding actual results by the Company. Actual business and other results may differ materially due to various factors.

- 2 -

Quarterly consolidated financial statements

(1) Consolidated balance sheet

(Thousands of yen)

As of March 31, 2020

As of June 30, 2020

Assets

Current assets

Cash and deposits

11,653,173

9,520,794

Notes and accounts receivable - trade

4,172,261

1,967,124

Accounts receivable - other

1,511,515

310,738

Other

871,123

889,049

Allowance for doubtful accounts

(205,621)

(296,770)

Total current assets

18,002,452

12,390,936

Non-current assets

Property, plant and equipment

844,294

909,890

Intangible assets

Software

1,750,689

1,386,092

Other

72,835

131,687

Total intangible assets

1,823,525

1,517,780

Investments and other assets

3,309,395

3,300,685

Total non-current assets

5,977,215

5,728,355

Total assets

23,979,668

18,119,292

Liabilities

Current liabilities

Notes and accounts payable - trade

153,667

77,760

Income taxes payable

505,411

37,851

Provision for bonuses

587,296

306,345

Provision for point card certificates

209,520

171,661

Accounts payable - other

2,154,388

1,312,115

Other

839,685

717,597

Total current liabilities

4,449,971

2,623,332

Non-current liabilities

Asset retirement obligations

258,238

146,294

Other

900

900

Total non-current liabilities

259,138

147,194

Total liabilities

4,709,110

2,770,526

Net assets

Shareholders' equity

Share capital

2,334,300

2,334,300

Capital surplus

2,884,780

2,884,780

Retained earnings

18,732,221

14,767,260

Treasury shares

(4,777,121)

(4,777,121)

Total shareholders' equity

19,174,181

15,209,220

Accumulated other comprehensive income

Valuation difference on available-for-sale

65,015

119,956

securities

Foreign currency translation adjustment

(27,800)

(45,412)

Total accumulated other comprehensive income

37,214

74,544

Share acquisition rights

59,162

65,001

Total net assets

19,270,557

15,348,765

Total liabilities and net assets

23,979,668

18,119,292

- 3 -

  1. Consolidated statement of income and consolidated statement of comprehensive income Consolidated statement of income (cumulative)

(Thousands of yen)

Three months ended

Three months ended

June 30, 2019

June 30, 2020

Net sales

7,551,840

1,783,360

Cost of sales

2,684,057

1,738,267

Gross profit

4,867,783

45,093

Selling, general and administrative expenses

4,787,413

3,869,662

Operating income (loss)

80,369

(3,824,569)

Non-operating income

Dividend income

2,987

3,026

Gain on forfeiture of unclaimed dividends

2,419

2,261

Other

4,350

3,639

Total non-operating income

9,757

8,927

Ordinary income (loss)

90,127

(3,815,642)

Extraordinary income

Gain on sales of investment securities

-

92,500

Gain on sale of businesses

-

37,443

Total extraordinary income

-

129,943

Extraordinary losses

Loss on valuation of investment securities

-

82,067

Total extraordinary losses

-

82,067

Net income (loss) before income taxes

90,127

(3,767,766)

Income taxes

28,844

9,720

Net income (loss)

61,282

(3,777,487)

Net income (loss) attributable to owners of parent

61,282

(3,777,487)

- 4 -

Consolidated statement of comprehensive income (cumulative)

(Thousands of yen)

Three months ended

Three months ended

June 30, 2019

June 30, 2020

Net income (loss)

61,282

(3,777,487)

Other comprehensive income

Valuation difference on available-for-sale securities

(60,502)

54,941

Foreign currency translation adjustment

8,452

(17,611)

Total other comprehensive income

(52,049)

37,330

Comprehensive income

9,233

(3,740,156)

Comprehensive income attributable to:

Owners of parent

9,233

(3,740,156)

- 5 -

Disclaimer

Gurunavi Inc. published this content on 29 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2020 06:15:07 UTC


© Publicnow 2020
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Net income 2021 -9 500 M -91,6 M -91,6 M
Net Debt 2021 - - -
P/E ratio 2021 -2,66x
Yield 2021 -
Capitalization 25 289 M 244 M 244 M
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Nbr of Employees 1 476
Free-Float 56,9%
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Technical analysis trends GURUNAVI, INC.
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 1
Average target price 720,00 JPY
Last Close Price 539,00 JPY
Spread / Highest target 33,6%
Spread / Average Target 33,6%
Spread / Lowest Target 33,6%
EPS Revisions
Managers and Directors
NameTitle
Akio Sugihara President & Representative Director
Hisao Taki Chairman
Kazuya Saito Manager-Information Systems
Koichi Tsukihara Independent Outside Director
Naho Kono Outside Director
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