Summary of Consolidated Financial Results
for the Three Months Ended September 30, 2021 (Japanese GAAP)
November 5, 2021 | |||
Company name: | INTAGE HOLDINGS Inc. | Stock listing: The First Section of the Tokyo Stock Exchange | |
Code number: | 4326 | URL | https://www.intageholdings.co.jp/ |
Representative: | Noriaki Ishizuka, President and Representative Director | ||
Contact person: | Kenji Ikeya, Director | TEL: +81-3-5294-7411 |
Planned filing of quarterly report: | November 5, 2021 |
Planned start of dividend payments: | - |
Preparation of supplementary explanations of quarterly financial results: | Yes |
Quarterly financial results presentation held: | None |
(Amounts are rounded off to nearest million yen.) |
1. Consolidated Financial Results for the Three Months Ended September 30, 2021 (July 1, 2021 to September 30, 2021)
(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 | % | |||||||||
13,804 | 8.6 | 882 | 231.0 | 958 | 81.2 | 729 | 20.4 | ||||||||||
September 30, 2021 | |||||||||||||||||
Three months ended | 12,714 | - | 266 | - | 528 | - | 605 | - | |||||||||
September 30, 2020 | |||||||||||||||||
(Note) Comprehensive income: | Three months ended September 30, 2021: ¥738 million (132.9%); | ||||||||||||||||
Three months ended September 30, 2020: ¥316 million (−%); | |||||||||||||||||
Net income per share | Net income per share | ||||||||||||||||
after dilution | |||||||||||||||||
Three months ended | Yen | Yen | |||||||||||||||
18.28 | - | ||||||||||||||||
September 30, 2021 | |||||||||||||||||
Three months ended | 15.17 | - | |||||||||||||||
September 30, 2020 | |||||||||||||||||
(Note) | Owing to a change in fiscal year end, the fiscal year ended June 30, 2020, was a transitional period of 15 months (April 1, 2019 | ||||||||||||||||
to June 30, 2020) and thus, the first quarter of the fiscal year covers the period from April 1, 2019 to June 30, 2019. Since the | |||||||||||||||||
first quarter of the fiscal year ending June 30, 2021 covers a period that does not correspond to that of the fiscal year ended | |||||||||||||||||
June 30, 2020, year-on-year changes are not provided. | |||||||||||||||||
(Note) | For the purpose of calculating net income per | share, the number of shares of the Company held in trust for directors' | |||||||||||||||
compensation was included in the number of treasury shares, which was to be deducted from the calculation of the average | |||||||||||||||||
number of shares during the period. | |||||||||||||||||
(2) | Consolidated Financial Position | ||||||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||||||
Millions of yen | Millions of yen | % | |||||||||||||||
As of September 30, 2021 | 42,114 | 29,336 | 69.1 | ||||||||||||||
As of June 30, 2021 | 45,443 | 30,218 | 66.0 | ||||||||||||||
(Reference) Total shareholders' | equity: | As of September 30, 2021: ¥29,119 million; | |||||||||||||||
As of June 30, 2021: ¥29,993 million | |||||||||||||||||
2. | Dividends | ||||||||||||||||
Dividends per share | |||||||||||||||||
1Q-end | 2Q-end | 3Q-end | Year-end | Total | |||||||||||||
Yen | Yen | Yen | Yen | Yen | |||||||||||||
Year ended June 30, 2021 | - | 0.00 | - | 35.00 | 35.00 | ||||||||||||
Year ending June 30, 2022 | - | ||||||||||||||||
Year ending June 30, 2022 | 0.00 | - | 35.00 | 35.00 | |||||||||||||
(Forecast) | |||||||||||||||||
(Note) | Revisions to the most recently disclosed | dividend forecasts: None |
3. Consolidated Earnings Forecasts for the Fiscal Year Ending June 30, 2022 (July 1, 2021, to June 30, 2022) (Percentages indicate year-on-year changes.)
Net sales | Operating income | Ordinary income | Net income attributable | Net income per | ||||||
to owners of parent | share | |||||||||
Interim period | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
29,000 | 6.1 | 1,700 | -9.8 | 1,750 | -22.3 | 1,300 | -19.4 | 32.53 | ||
(Cumulative) | ||||||||||
Full year | 60,500 | 5.1 | 3,400 | -23.1 | 4,000 | -21.3 | 2,800 | -17.0 | 70.06 | |
(Note) Revisions to the most recently disclosed earnings forecasts: None |
- Notes
- Changes in significant subsidiaries during the three months under review: None (Changes in specified subsidiaries resulting in change in scope of consolidation) New: - companies (Company name)
Excluded: - companies (Company name)
- Application of Accounting Treatment Specific to the Preparation of Quarterly Consolidated Financial Statements: Yes
- Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial
statements: | |||||
1) | Changes in accounting policies due to revisions to accounting standards and other regulations: Yes | ||||
2) | Changes in accounting policies due to other reasons: | None | |||
3) | Changes in accounting estimates: | None | |||
4) | Restatement of prior period financial statements: | None | |||
(4) Number of shares issued and outstanding (common shares) | |||||
1) | Number of shares issued at the end of the | Three months ended | 40,426,000 | Year ended June 30, | 40,426,000 |
period (including treasury shares) | September 30, 2021 | 2021 | |||
2) | Number of treasury shares at the end of | Three months ended | 604,390 | Year ended June 30, | 461,690 |
the period | September 30, 2021 | 2021 | |||
3) Average number of shares during the | Three months ended | Three months ended | |||
period (cumulative from the beginning of | 39,915,465 | 39,934,329 | |||
the fiscal year) | September 30, 2021 | September 30, 2020 | |||
(Note) The number of shares of the Company held in trust for directors' compensation was included in the number of treasury | |||||
shares at the end of the period as well as in the number of treasury shares, which was to be deducted from the calculation | |||||
of the average number of shares during the period. |
- This quarterly financial results report is outside the scope of quarterly review procedures by certified public accountants or auditing firms.
-
Explanation on the appropriate use of earnings forecasts and other special notes
The forward-looking statements made in this document, including the earnings forecasts, are based on information currently available to the Company and on certain assumptions deemed to be reasonable by the Company. Actual performance and other results may differ materially owing to various factors. For the suppositions that form the assumptions for earnings forecasts and cautions concerning the use thereof, please refer to section "(3) Explanation of Forward-looking Information, Including Consolidated Earnings Forecasts" of "1. Qualitative Information Regarding the Consolidated Results for the Three Months under Review" on page 4 of the attached material.
INTAGE HOLDINGS Inc. (4326)
Summary of Consolidated Financial Results for the Three Months Ended September 30, 2021
- Table of Contents of the Attached Material
1. Qualitative Information Regarding the Consolidated Results for the Three Months under
(2) | Explanation of Financial Position ............................................................................................ | 4 |
(3) | Explanation of Forward-looking Information, Including Consolidated Earnings Forecasts .... | 4 |
2. Consolidated Financial Statements and Notes Thereto..................................................................... | 5 | |
(1) | Consolidated Balance Sheet ..................................................................................................... | 5 |
(2) | Consolidated Statements of Income and Consolidated Statements of Comprehensive | |
Income...................................................................................................................................... | 7 | |
(3) | Notes to Quarterly Consolidated Financial Statements ............................................................ | 9 |
(Note on assumptions for going concern)................................................................................. | 9 | |
(Note in the event of major change in shareholders' equity).................................................... | 9 | |
(Application of accounting treatment specific to the preparation of quarterly consolidated | ||
financial statements)................................................................................................................. | 9 | |
(Changes in accounting policies).............................................................................................. | 9 | |
(Segment information) ........................................................................................................... | 10 |
- 1 -
INTAGE HOLDINGS Inc. (4326)
Summary of Consolidated Financial Results for the Three Months Ended September 30, 2021
1. Qualitative Information Regarding the Consolidated Results for the Three Months under Review
-
Explanation of Operating Results
During the three months under review (July 1, 2021, to September 30, 2021), the Japanese economy continued to face a very difficult situation mainly due to increasing areas covered by the declaration of a state of emergency and the extended periods along with the novel coronavirus (COVID-19) pandemic. Looking ahead, it is expected that the economy will recover thanks to the effects of various policies, including measures to prevent the spread of infections and the promotion of vaccinations.
Meanwhile, the economies of Asian region where the Group operates are in a difficult situation, particularly in Thailand, due to the spread of COVID-19, while the Chinese economy is recovering moderately. We need to keep a close watch on the impact of COVID-19 in Japan and overseas, fluctuations in financial and capital markets, and other factors.
The Group has improved its ability to work "with corona" by shifting employees to remote work and actively transforming offline operations into online operations, and has established a business foundation that can respond to the changes brought about by the COVID-19 pandemic.
Under these circumstances, the Group has made aggressive investment for growth strategy in the fiscal year under review, the second year of its 13th Medium-Term Management Plan (three-year plan), under the Group's basic policy of "Change the design of business!! - together with customers and consumers, who are changing - Reframe, Connect, Create."
In the Marketing Support (Consumer Goods & Services) segment, research using CODE (a smartphone app that allows you to register shopping information and commodity ratings) operated by Research and Innovation Co., Ltd., which became a subsidiary in May 2021, has been progressing steadily, and preparations are underway to establish the CX marketing platform. In addition, the Company and Switch Media Inc., with which the Company has formed a capital and business alliance, have been promoting joint development of solutions that support the optimization of TV commercials.
In the Marketing Support (Healthcare) segment, seeing the growing importance of data and services related to medical consumers as an opportunity for growth, we strengthen data collection through partners such as Welby Inc., and expand business areas focusing on consumers (consumption and healthcare). In addition, we will accelerate the development of human resources in the data science field (investment) in order to strengthen our ability to provide valuable information by converting vast amounts of data collected from medical consumers and healthcare professionals.
In the Business Intelligence segment, in order to become a DX Promotion Partner for Customers, we are actively conducting sales activities such as holding online seminars, renewing and utilizing our website, providing DX support services, and proposing solutions to customer issues through the use of the INTAGE Group's comprehensive strength.
In addition, with regard to the work-style reforms that we started to tackle under the previous medium-term management plan, we have been utilizing various tools such as SNS and holding cross-group online meetings for the purpose of sharing and developing new ways of working, which has revitalized communication and promoted the sharing of knowledge even in the remote work-centered working environment due to COVID-19. We will continue striving to create and establish new work styles that maximize individual performance by providing opportunities for the Group's employees to grow autonomously and on their own initiative.
As a result of these efforts, the INTAGE Group's consolidated net sales for the three months under review amounted to ¥13,804 million (up 8.6% from the same period of the previous year), with an operating income of ¥882 million (up 231.0%), ordinary income of ¥958 million (up 81.2%), and net income attributable to owners of parent of ¥729 million (up 20.4%).
The results by business segment are described below.
1) Marketing Support (Consumer Goods & Services)
In the Marketing Support (Consumer Goods & Services) segment, both sales and profit increased; consolidated net sales for the segment amounted to ¥8,616 million (up 12.0% from the same period of the previous year), with an operating loss of ¥382 million (compared with an operating loss of ¥10 million in the same period of the previous year).
Panel surveys, the core business of the segment, and custom research business performed well. In addition, overall business performed well owing to the return of customer marketing activities that had been stagnant due to the
- 2 -
INTAGE HOLDINGS Inc. (4326)
Summary of Consolidated Financial Results for the Three Months Ended September 30, 2021
effects of COVID-19, as well as the promotion of sales activities and services that shifted to remote environments.
As for overseas, although some countries continued to be affected by COVID-19, overall sales and profit were on the rise, and dataSpring Inc., which mainly conducts online surveys, performed well.
In terms of investment activities, despite some impact from COVID-19, overall progress has been made as planned, mainly through Research and Innovation Co., Ltd., and dataSpring Inc., which became a subsidiary in March 2020.
Profit increased due to increased sales since last year.
2) Marketing Support (Healthcare)
In the Marketing Support (Healthcare) segment, both sales and profit increased; consolidated net sales of the segment amounted to ¥3,464 million (up 5.4% from the same period of the previous year), with an operating income of ¥430 million (up 31.3%).
At INTAGE Healthcare Inc., our main research business has been maintained at the same level as the previous year, and the profitability of the post-marketing surveillance of CRO (contract research organization) has been improving due to the drastic improvement of the overall business. In addition, sales from the data science business were higher than the same period of the previous fiscal year due to factors such as the high utilization rate of clinical development operations. On the other hand, at KYOWA KIKAKU LTD., sales have been higher than the previous year in line with the expansion and sales expansion of the education business, despite continuing struggle in the promotion business (*1) due to the impact of COVID-19.
Profits increased supported by higher sales and a reduction in unprofitable projects.
3) Business Intelligence
In the Business Intelligence segment, sales decreased and profit increased; consolidated net sales of the segment amounted to ¥1,723 million (down 0.7% from the same period of the previous year), with an operating income of ¥69 million (compared with an operating loss of ¥50 million in the same period of the previous year).
At INTAGE TECHNOSPHERE Inc., sales of solutions provided to existing customer industries decreased, due to the impact of COVID-19. On the other hand, Buildsystem Co., Ltd. and NSK Co., Ltd. maintained the same level as the previous year.
In response to changes in the digital/smart shift environment, we established the DX Business Co-Creation Center to respond to customers' DX needs to promote sales expansion in new co-creation fields.
Profits increased owing to efforts to reduce costs and expenses, despite a decrease in sales due to the impact of COVID-19.
*1 The promotion business handles healthcare-related advertising media, produces materials for the sales promotion of pharmaceutical products, and holds medical and pharmaceutical conferences.
- 3 -
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Intage Holdings Inc. published this content on 19 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2021 15:03:02 UTC.