Gurunavi : Revised Full-Year Business Forecast for the Fiscal Year ending March 31, 2020
February 05, 2020 at 02:44 am EST
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Name of Listed Company:
Gurunavi, Inc.
Listed Stock Exchanges:
Tokyo Stock Exchange
Stock Code:
2440
Representative:
Akio Sugihara, President
Revised Full-Year Business Forecast for the Fiscal Year ending March 31, 2020
February 5, 2020 ̶Gurunavi, Inc. (the "Company") announces that it has revised its consolidated full-year forecast for the fiscal year ending March 31, 2020 (April 1, 2019 to March 31, 2020), in light of recent business performance. The previous forecast was announced on October 30, 2019.
1. Revised consolidated full-year forecast for the fiscal year ending March 31, 2020 (April 1, 2019 to March 31, 2020)
Net income
Basic
Operating
Ordinary
attributable to
Net sales
earnings per
income
income
owners of
share
parent
Forecast previously
Million yen
Million yen
Million yen
Million yen
yen
announced (A)
30,800
(2,000)
(2,000)
(2,050)
(43.77)
Revised forecast (B)
31,000
1,400
1,440
790
16.86
Change (B-A)
200
3,400
3,440
2,840
Rate of change (%)
0.6
―
―
―
(Reference)
32,728
1,216
1,289
581
12.42
Results for the fiscal year
ended March 31, 2019
2. Reasons of revision
Full-scale structural reforms and upfront investment based on the medium-term business policy scheduled for the second half of the fiscal year will be postponed to the next fiscal year. This is because we believe that sufficient preparation, such as improving the accuracy of measures through thorough analysis and verification of the current situation, will lead to maximization of results.
In addition, variable costs are expected to be lower than expected due to adequate control of variable costs by product.
Important note
The above forecast is based on information available at the time of this announcement and is subject to a number of uncertainties. Actual results could differ materially from this forecast due to changes in business conditions and other factors.
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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
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.