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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 3Q FY2019

02/05/2020 | 02:44am EST

Translation

February 5, 2020

Consolidated Financial Results

for the Third Quarter of the Fiscal Year Ending March 31, 2020

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

Contact:

Teruhisa Yamada, Senior Managing Executive Officer

TEL: +81-3-3500-9700

Scheduled date to submit Quarterly Securities Report:

February 6, 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 third quarter of the fiscal year ending March 31,

2020 (from April 1, 2019 to December 31, 2019)

(1) Consolidated operating results (cumulative)

(Percentages indicate year-on-year changes.)

Net sales

Operating income

Ordinary income

Net income attributable

to owners of parent

Nine months ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

December 31, 2019

23,431

(4.4)

1,397

24.3

1,423

24.0

790

4.8

December 31, 2018

24,513

(9.5)

1,124

(71.8)

1,148

(71.3)

754

(72.2)

Note:

Comprehensive income

Nine months ended December 31, 2019:

¥720 million

[ (4.4%)]

Nine months ended December 31, 2018:

¥754 million

[ (72.3%)]

Basic earnings

Diluted earnings

per share

per share

Nine months ended

Yen

Yen

December 31, 2019

16.89

16.88

December 31, 2018

16.13

16.10

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

As of

Millions of yen

Millions of yen

%

Yen

December 31, 2019

24,557

19,145

77.7

407.33

March 31, 2019

23,797

18,704

78.4

398.48

Reference:

Equity

As of December 31, 2019:

¥19,091 million

As of March 31, 2019:

¥18,662 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

-

5.00

-

3.00

8.00

March 31, 2019

Fiscal year ending

-

4.00

-

March 31, 2020

Fiscal year ending

March 31, 2020

4.00

8.00

(Forecast)

Note:

Revisions to the cash dividend forecasts most recently announced: None

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2020 (from April 1, 2019 to March 31, 2020)

(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

31,000

(5.3)

1,400

15.1

1,440

11.7

790

35.9

16.86

March 31, 2020

Note:

Revisions to the consolidated earnings forecasts most recently announced: Yes

* Notes

  1. Changes in significant subsidiaries during the nine 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 December 31, 2019

48,675,100 shares

As of March 31, 2019

48,675,100 shares

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

As of December 31, 2019

1,806,562 shares

As of March 31, 2019

1,839,162 shares

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

Nine months ended December 31, 2019

46,836,649 shares

Nine months ended December 31, 2018

46,795,671 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 31,2019

As of December 31,2019

Assets

Current assets

Cash and deposits

7,630,364

9,969,629

Notes and accounts receivable - trade

4,536,063

4,546,711

Accounts receivable - other

1,636,447

2,012,951

Other

1,099,744

1,491,541

Allowance for doubtful accounts

(298,993)

(201,579)

Total current assets

14,603,626

17,819,254

Non-current assets

Property, plant and equipment

1,163,040

915,122

Intangible assets

Software

3,745,185

2,239,233

Other

205,042

72,505

Total intangible assets

3,950,227

2,311,738

Investments and other assets

4,080,913

3,510,994

Total non-current assets

9,194,181

6,737,856

Total assets

23,797,808

24,557,111

Liabilities

Current liabilities

Notes and accounts payable - trade

229,919

119,253

Income taxes payable

168,574

125,230

Provision for bonuses

709,854

300,494

Provision for point card certificates

328,884

214,629

Accounts payable - other

2,416,444

2,747,304

Other

925,868

1,645,790

Total current liabilities

4,779,545

5,152,703

Non-current liabilities

Asset retirement obligations

313,286

257,781

Other

900

900

Total non-current liabilities

314,186

258,681

Total liabilities

5,093,731

5,411,384

Net assets

Shareholders' equity

Share capital

2,334,300

2,334,300

Capital surplus

2,884,780

2,884,780

Retained earnings

18,162,181

18,574,039

Treasury shares

(4,863,326)

(4,777,121)

Total shareholders' equity

18,517,935

19,015,998

Accumulated other comprehensive income

Valuation difference on available-for-sale

159,910

114,429

securities

Foreign currency translation adjustment

(14,884)

(39,422)

Total accumulated other comprehensive income

145,026

75,007

Share acquisition rights

41,113

54,720

Total net assets

18,704,076

19,145,726

Total liabilities and net assets

23,797,808

24,557,111

- 3 -

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

(Thousands of yen)

Nine months ended

Nine months ended

December 31,2018

December 31,2019

Net sales

24,513,584

23,431,370

Cost of sales

7,625,726

7,739,338

Gross profit

16,887,857

15,692,031

Selling, general and administrative expenses

15,763,603

14,294,050

Operating income

1,124,254

1,397,981

Non-operating income

Subsidy income

5,378

6,361

Other

19,200

20,635

Total non-operating income

24,578

26,996

Non-operating expenses

Foreign exchange losses

821

1,461

Total non-operating expenses

821

1,461

Ordinary income

1,148,012

1,423,516

Extraordinary income

Gain on reversal of share acquisition rights

7,668

-

Total extraordinary income

7,668

-

Extraordinary losses

Loss on valuation of investment securities

29,681

293,230

Total extraordinary losses

29,681

293,230

Net income before income taxes

1,125,998

1,130,286

Income taxes

371,299

339,449

Net income

754,699

790,836

Net income attributable to owners of parent

754,699

790,836

- 4 -

Consolidated statement of comprehensive income (cumulative)

(Thousands of yen)

Nine months ended

Nine months ended

December 31,2018

December 31,2019

Net income

754,699

790,836

Other comprehensive income

Valuation difference on available-for-sale securities

16,250

(45,481)

Foreign currency translation adjustment

(16,801)

(24,538)

Total other comprehensive income

(550)

(70,019)

Comprehensive income

754,149

720,817

Comprehensive income attributable to:

Owners of parent

754,149

720,817

- 5 -

Disclaimer

Gurunavi Inc. published this content on 05 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 February 2020 07:43:00 UTC


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Technical analysis trends GURUNAVI, INC.
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 1
Average target price 720,00 JPY
Last Close Price 535,00 JPY
Spread / Highest target 34,6%
Spread / Average Target 34,6%
Spread / Lowest Target 34,6%
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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