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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 2Q FY2020

10/28/2020 | 01:20am EST

Translation

October 28, 2020

Consolidated Financial Results

for the Second 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:

October 29, 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 second quarter of the fiscal year ending March

31, 2021 (from April 1, 2020 to September 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

Six months ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

September 30, 2020

5,824

(61.6)

(4,939)

-

(4,927)

-

(5,446)

-

September 30, 2019

15,163

(5.3)

681

(33.9)

700

(32.8)

484

(28.0)

Note:

Comprehensive income

Six months ended September 30, 2020:

¥(5,201) million [

-%]

Six months ended September 30, 2019:

¥382 million [(46.8%)]

Basic earnings

Diluted earnings

per share

per share

Six months ended

Yen

Yen

September 30, 2020

(116.16)

-

September 30, 2019

10.34

10.33

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

As of

Millions of yen

Millions of yen

%

Yen

September 30, 2020

17,732

13,925

78.1

295.35

March 31, 2020

23,979

19,270

80.1

409.90

Reference:

Equity

As of September 30, 2020:

¥13,857 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

-

0.00

March 31, 2021

Fiscal year ending

March 31, 2021

-

0.00

0.00

(Forecast)

Note:

Revisions to the cash dividend forecasts most recently announced: Yes

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

(Percentages indicate year-on-year changes.)

Net income

Basic earnings

Net sales

Operating income

Ordinary income

attributable to

per share

owners of parent

Millions of

Millions of

Millions of

Millions of

yen

%

yen

%

yen

%

yen

%

Yen

Fiscal year ending

17,800

(42.4)

(9,200)

-

(9,200)

-

(9,500)

-

(202.54)

March 31, 2021

Note:

Revisions to the consolidated earnings forecasts most recently announced: Yes

* Notes

  1. Changes in significant subsidiaries during the six 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 September 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 September 30, 2020

1,757,262 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)

Six months ended September 30, 2020

46,889,281 shares

Six months ended September 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 September 30, 2020

Assets

Current assets

Cash and deposits

11,653,173

7,631,625

Notes and accounts receivable - trade

4,172,261

2,425,677

Accounts receivable - other

1,511,515

1,741,722

Other

871,123

1,033,749

Allowance for doubtful accounts

(205,621)

(470,317)

Total current assets

18,002,452

12,362,458

Non-current assets

Property, plant and equipment

844,294

908,729

Intangible assets

Software

1,750,689

1,170,402

Other

72,835

164,481

Total intangible assets

1,823,525

1,334,883

Investments and other assets

3,309,395

3,126,339

Total non-current assets

5,977,215

5,369,952

Total assets

23,979,668

17,732,410

Liabilities

Current liabilities

Notes and accounts payable - trade

153,667

111,274

Asset retirement obligations

-

179,773

Income taxes payable

505,411

74,675

Provision for bonuses

587,296

-

Provision for point card certificates

209,520

137,777

Accounts payable - other

2,154,388

2,705,721

Other

839,685

411,833

Total current liabilities

4,449,971

3,621,056

Non-current liabilities

Asset retirement obligations

258,238

184,708

Other

900

900

Total non-current liabilities

259,138

185,608

Total liabilities

4,709,110

3,806,665

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

13,002,950

Treasury shares

(4,777,121)

(4,646,756)

Total shareholders' equity

19,174,181

13,575,274

Accumulated other comprehensive income

Valuation difference on available-for-sale

65,015

321,816

securities

Foreign currency translation adjustment

(27,800)

(39,960)

Total accumulated other comprehensive income

37,214

281,856

Share acquisition rights

59,162

68,614

Total net assets

19,270,557

13,925,745

Total liabilities and net assets

23,979,668

17,732,410

- 3 -

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

(Thousands of yen)

Six months ended

Six months ended

September 30, 2019

September 30, 2020

Net sales

15,163,680

5,824,118

Cost of sales

5,149,041

3,466,933

Gross profit

10,014,639

2,357,184

Selling, general and administrative expenses

9,333,144

7,297,101

Operating income (loss)

681,494

(4,939,916)

Non-operating income

Dividend income

2,987

3,026

Other

15,914

10,644

Total non-operating income

18,902

13,671

Foreign exchange losses

-

1,720

Ordinary income (loss)

700,396

(4,927,965)

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

-

117,322

Total extraordinary losses

-

117,322

Net income (loss) before income taxes

700,396

(4,915,344)

Income taxes

216,302

531,140

Net income (loss)

484,093

(5,446,485)

Net income (loss) attributable to owners of parent

484,093

(5,446,485)

- 4 -

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

Disclaimer

Gurunavi Inc. published this content on 28 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2020 06:19:03 UTC


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Technical analysis trends GURUNAVI, INC.
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Average target price 720,00 JPY
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Akio Sugihara President & Representative Director
Hisao Taki Chairman
Kazuya Saito Manager-Information Systems
Koichi Tsukihara Independent Outside Director
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