Gurunavi : Notice regarding Revision of Interim and Full-Year Business Forecast for the Fiscal Year ending March 31, 2023
August 03, 2022 at 02:22 am EDT
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For immediate release
Name of Listed Company:
Gurunavi, Inc.
Listed Stock Exchanges:
Tokyo Stock Exchange
Stock Code:
2440
Representative:
Akio Sugihara, President
Notice regarding Revision of Interim and Full-Year Business Forecast
for the Fiscal Year ending March 31, 2023
August 3, 2022 ̶ Gurunavi, Inc. (the "Company") announces that the Company hasrevised its consolidated interim and full-year business forecast for the fiscal year ending March 31, 2023 as follows from those announced on May 11, 2022, in light of recent business performance.
1. Revised consolidated interim business forecast for the fiscal year ending March 31, 2023 (April 1, 2022 to September 30, 2022)
Net loss
Basic loss
Net sales
Operating
Ordinary
attributable
loss
loss
to owners of
per share
parent
Forecast previously
Millions of yen
Millions of yen
Millions of yen
Millions of yen
Yen
announced (A)
5,300
(3,200)
(3,200)
(3,230)
(60.13)
New forecast (B)
5,300
(2,500)
(2,500)
(2,330)
(43.76)
Difference (B-A)
-
700
700
900
Rate of difference (%)
-
-
-
-
(Reference)
6,105
(2,170)
(2,176)
(2,240)
(47.75)
Interim results for the fiscal
year ended March 31, 2022
1
2. Revised consolidated full-year business forecast for the fiscal year ending March 31, 2023 (April 1, 2022 to March 31, 2023)
Operating
Ordinary
Net loss
Net sales
attributable
Basic loss
loss
loss
to owners of
per share
parent
Forecast previously
Millions of yen
Millions of yen
Millions of yen
Millions of yen
Yen
announced (A)
12,800
(3,250)
(3,250)
(3,300)
(62.79)
New forecast (B)
12,800
(2,550)
(2,550)
(2,400)
(46.42)
Difference (B-A)
-
700
700
900
Rate of difference (%)
-
-
-
-
(Reference)
12,852
(4,786)
(4,692)
(5,768)
(114.46)
Results for the fiscal year
ended March 31, 2022
3. Reasons of revision
Regarding net sales, the previously announced interim and full-year forecasts remain unchanged as the impact of a seventh wave of COVID-19 infections and other factors on the eating out market remain unclear, although sales were favorable in the first quarter.
However, with advertising, sales promotion, outsourcing, and subcontracting expenses lower than planned due to the Company's focus on core services and measures and stringent implementation effective cost controls, as well as an extraordinary income (gain on sale of investment securities) in the first quarter, the Company has revised each of interim and full-year loss forecasts as shown in 1 and 2 above.
The Company expects to return to profit in the fourth quarter which will lead to profit in the next fiscal year and beyond.
Important note
The above forecasts are based on information available at the time of this announcement and are subject to a number of uncertainties. Actual results could differ materially from the above forecasts due to changes in business conditions and other factors.
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Gurunavi Inc. published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 06:21:03 UTC.
Gurunavi, Inc. is an Internet search service provider. The Company provides promotion services of various restaurant information to users through personal computers, mobile phones and smart phones by the operation of Website for restaurant information under the name Gurunavi. It also engages in development of products and sales promotion support services for food producers and food manufacturers. The related business operates a virtual shopping district to sells food on the Internet, delivery site, wedding information site, local information site, Tokyo odekake information site, tourist information site, among others.