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    4436   JP3911000002

MINKABU THE INFONOID, INC.

(4436)
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Delayed Japan Exchange  -  01:00:00 2023-01-27 am EST
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MINKABU INFONOID : Consolidated Financial Results for the First Three Months of the Fiscal Year Ending March 31,2022 (Under Japanese GAAP)

08/12/2021 | 02:21am EST

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

August 12, 2021

Consolidated Financial Results

for the First Three Months of the Fiscal Year Ending March 31, 2022

(Under Japanese GAAP)

Company name:

MINKABU THE INFONOID INC.

Listing:

Tokyo Mothers

Securities code:

4436

URL:

https://minkabu.co.jp/

Representative:

Ken Uryu, President and CEO

Inquiries:

Ryutaro Takada, Senior Executive Vice President and CFO

Telephone:

+81-3-6867-1531

Scheduled date to file quarterly securities report:

August 12, 2021

Scheduled date to commence dividend payments:

-

Preparation of supplementary material on quarterly financial results: Yes

Holding of quarterly financial results briefing:

Yes (for institutional investors and analysts)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the three months ended June 30, 2021 (from April 1, 2021 to June 30, 2021)

(1) Consolidated operating results (cumulative)

(% indicates changes from the previous corresponding period.)

Net sales

EBITDA

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Three months ended

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Million yen

%

June

30,

2021

1,127

37.0

270

17.6

111

(4.2)

82

(22.6)

41

(38.2)

June 30, 2020

823

-

230

-

116

-

106

-

67

-

Note: Comprehensive income

For the three months ended June 30, 2021:

¥36 million

[(58.3)%]

For the three months ended June 30, 2020:

¥86 million

[-%]

Basic earnings

Diluted earnings

per share

per share

Three months ended

Yen

Yen

June 30, 2021

2.94

2.88

June 30, 2020

4.92

4.83

Notes:

  1. Since the quarterly consolidated financial statements have been prepared from the end of the third quarter of the fiscal year ended March 31, 2020, the rate of increase/decrease for the end of the first quarter of the fiscal year ended March 31, 2021 is not stated.
  2. EBITDA is calculated as 'Operating profit + Depreciation + Amortization of goodwill'

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Book value per share

Million yen

Million yen

%

Yen

June 30, 2021

9,597

7,502

75.0

483.06

March 31, 2021

6,989

4,215

56.0

283.42

Reference: Equity

As of June 30, 2021:

¥7,197 million

As of March 31, 2021:

¥3,916 million

2. Dividends

Annual dividends per share

End of first quarter

End of second

End of third quarter

Fiscal year end

Total

quarter

Yen

Yen

Yen

Yen

Yen

Fiscal year ended

-

-

-

18.00

18.00

March 31, 2021

Fiscal year ending

-

March 31, 2022

Fiscal year ending

March 31, 2022

-

-

18.00

18.00

(Forecast)

Note: Revisions to the forecast of cash dividends most recently announced: None

3. Earnings Forecast of Consolidated Financial Results for Fiscal Year Ending March 31, 2022 (From April 1, 2021 to March 31, 2022)

(% indicates changes from the previous corresponding period.)

Net income

Net income

Net sales

EBITDA

Operating profit

Ordinary income

attributable to

per share

owners of parent

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Million yen

%

yen

Full year

5,300

27.4

1,680

31.2

1,000

31.7

900

22.6

700

24.0

49.34

Notes:

  1. Revisions to the forecast of financial results most recently announced: None
  2. EBITDA is calculated as 'Operating profit + Depreciation + Amortization of goodwill'

Notes

  1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
    Newly included: - companies (-)
    Excluded: - companies (-)
  2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes

The details are described in "(3) Notes to Quarterly Consolidated Financial Statements (Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements)" under the "2. Quarterly Consolidated Financial Statements and Principal Notes" section on page 9.

  1. Changes in accounting policies, changes in accounting estimates, and restatement
    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: None
  2. Number of issued shares (common shares)
    1. Total number of issued shares at the end of the period (including treasury shares)

As of June 30, 2021

14,899,800 shares

As of March 31, 2021

13,819,700 shares

(ii) Number of treasury shares at the end of the period

As of June 30, 2021

23 shares

As of March 31, 2021

- shares

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

Three months ended June 30, 2021

14,187,638 shares

Three months ended June 30, 2020

13,747,367 shares

  • Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
  • Proper use of earnings forecasts, and other special matters:
    The statements regarding forecast of financial results in this report are based on the information that is available to the Company, as well as certain assumptions that are deemed to be reasonable by management, and they are not meant to be a commitment by the Company. Therefore, there might be cases in which actual results differ materially from forecast values due to various factors.
    For notes on using earnings projections and assumptions for premises thereof, please refer to "(3) Explanation of Forecast of Consolidated Financial Results and Other Forward-Looking Information" under the "1. Qualitative Information on Quarterly Financial Results" section on page 3.
    We plan to hold a financial results briefing for institutional investors and analysts on August 12, 2021. Supplementary materials for financial results will be published on our website on the day of the event.

Table of Contents of Attached Material

1. Qualitative Information on Quarterly Financial Results -------------------------------------------------------

2

(1)

Results of Operations--------------------------------------------------------------------------------------------

2

(2)

Financial Position ------------------------------------------------------------------------------------------------

2

(3)

Forecast of Consolidated Financial Results and Other Forward-Looking Information ----------------

3

2Quarterly Consolidated Financial Statements and Principal Notes -------------------------------------------

5

(1)

Quarterly Consolidated Balance Sheets-----------------------------------------------------------------------

5

(2)

Quarterly Consolidated Statements of Income and Comprehensive Income ----------------------------

7

(Quarterly Consolidated Statements of Income) ------------------------------------------------------------

7

(Quarterly Consolidated Statements of Comprehensive Income)-----------------------------------------

8

(3)

Notes to Quarterly Consolidated Financial Statements-----------------------------------------------------

9

(Notes to Going Concern Assumption) -----------------------------------------------------------------------

9

(Notes to Significant Changes in the Amount of Shareholders' Equity) ---------------------------------

9

(Adoption of Accounting Treatment Specific to Quarterly Consolidated Financial Statements) -----

9

(Changes in Accounting Policies) -----------------------------------------------------------------------------

9

(Changes in Accounting Estimates) ---------------------------------------------------------------------------

9

(Segment Information) ----------------------------------------------------------------------------------------

10

- 1 -

1. Qualitative Information on Quarterly Financial Results

During the first quarter of the current fiscal year, the Company rebranded existing information site for investors "Minna no Kabushiki" integrating with its series of site and launched an asset building media "MINKABU" targeting all asset builders. In addition, the Company expanded the coverage of stock information to include U.S. stocks and released a U.S. stock version of "Kabutan," a stock information dedicated media.

(1) Explanation of Results of Operations

On a consolidated basis, the Company raised 1,127,927 thousand yen in sales (37.0% increase YoY), 111,782 thousand yen in operating profit (4.2% decrease YoY), 82,489 thousand yen in recurring profit (22.6% decrease YoY), and 41,747 thousand yen in net profit attributable to shareholders of the parent company (38.2% decrease YoY), for the first quarter of the current fiscal year. The Company also raised 270,785 thousand yen (17.6% increase YoY) in EBITDA (operating income + depreciation and amortization + amortization of goodwill), which is one of important measurements the Company thinks for its continuous growth.

For temporary inherent expenses, accelerated depreciation of existing facilities associated with the relocation of the new office and fundraising cost for the capital and business alliance with QUICK Corp. and Nikkei Inc., were recorded in general and administrative expenses and non-operating expenses, respectively, which caused temporary pressure on profits. Profits of each reporting segment were, however, maintained or expanded compared with those for the same period of the previous fiscal year.

Performance by business segment is as follows. The Company acquired shares of Robot Fund Co., Ltd., a SaaS-based information vendor specializing in investment trusts and made it a consolidated subsidiary in the first quarter of the previous fiscal year. Since the acquisition of shares was at the end of the first quarter of the previous fiscal year, the income statement of Robot Fund Co., Ltd. has been consolidated since the second quarter of the previous fiscal year.

(Media)

The media business records advertisement revenue from information media of "MINKABU", an asset building information media, "Kabutan", a stock information specialized media, and those the Company operates through business alliances. The media business also records billing services revenue. For the first quarter of the current fiscal year, the total monthly average unique users of media sites the Company operates increased by 250 thousand YoY to 9.7 million, and visitors increased by 2.39 million and to reach 30 million, with asset building media "MINKABU" rebranded from stock information media "Minna no Kabushiki", and the U.S. stock version of "Kabutan" being released.

In advertising revenue, pure advertising remained firm and performance-based advertising promoted the use of listing advertising (advertising promotion) which contributed to the expansion of sales. As for billing revenue, "Kabutan Premium" expanded steadily. The Company introduced two new services of U.S. stock version and bundled version of Japanese and U.S. stocks to "Kabutan Premium" on June 22, 2021.

As a result, consolidated sales for the first quarter of the current fiscal year was 512,636 thousand yen (44.5% increase YoY), and segment income was 161,025 thousand yen (2.1% increase YoY).

(Solution)

The solution business includes revenues from AI driven software content utilized the know-how of the media business and initial and monthly fee of ASP services providing information based fintech solution content assembled from crowd inputs of media sites the Company operates. During the first quarter of the current fiscal year, in addition to the continuous organic growth, large-sized initial installation projects contributed the performance.

As a result, sales was 618,944 thousand yen (31.8% increase YoY), and segment income was 107,190 thousand yen (53.3% increase YoY).

  1. Explanation of Financial Position (Assets)
    Current assets at the end of the first quarter of the current fiscal year was 5,229,888 thousand yen with an increase of 354,677 thousand yen from the end of the previous fiscal year. This was mainly due to a decrease
    • 2 -

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

Disclaimer

Minkabu The Infonoid Inc. published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2021 06:20:04 UTC.


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Financials
Sales 2023 7 563 M 58,2 M 58,2 M
Net income 2023 632 M 4,86 M 4,86 M
Net Debt 2023 1 964 M 15,1 M 15,1 M
P/E ratio 2023 55,7x
Yield 2023 0,98%
Capitalization 35 271 M 271 M 271 M
EV / Sales 2023 4,92x
EV / Sales 2024 3,36x
Nbr of Employees 114
Free-Float 72,2%
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Number of Analysts 3
Last Close Price 2 356,00 JPY
Average target price 2 626,67 JPY
Spread / Average Target 11,5%
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Managers and Directors
Ken Uryu President, CEO & Representative Director
Makoto Sumida Chairman
Shinya Hamano Independent Outside Director
Shozo Ishibashi Independent Outside Director
Sadahiko Yoshimura Independent Outside Director
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