Financial Results
for the First Quarter of the Fiscal Year Ending June 30, 2022
Net Marketing Co. Ltd.
Stock Code 6175
Topics for 1Q of the Fiscal Year Ending June 30, 2022
➢ Started the fiscal year to rebuild trust through the reform of security systems and to lay | |
the groundwork for regrowth. | |
Company-wide | ➢ Transitioned to a company with an Audit and Supervisory Committee to strengthen the |
supervisory function of the Board of Directors. |
➢
➢
Adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No.29).
Results were almost in line with the forecasts in terms of net sales and operating income.
Media
Business
- The number of new members, which is trending higher, recovered to a level of more than 90% of the average of the previous quarter, and the number of paying members stood at the expected level.
- Efforts are being made to facilitate measures to prevent a recurrence and reform the management system of customer information, with an eye on recovering trust damaged by the incident. Modifications to the terms of use and the privacy statement, which were made as the first step, were completed. Steady progress is being made in other projects.
Advertising Business
- Both net sales and operating income decreased year on year temporarily, reflecting a reduction in certain projects due to the resurgence of COVID-19 in August and September. There were signs recently of a resumption of advertising for new and existing projects, following the lifting of the declaration of a state of emergency.
- Efforts were continuously made to step up sales activities for projects related to the stay- at-home advisory, such as financial services.
©2021 Net Marketing Co. Ltd. All right reserved.
Contents
01Financial Highlights for the First Quarter of the Fiscal Year Ending June 30, 2022
02Status of Business and Future Initiatives
P4
P18
01
Financial Highlights for the First Quarter of the Fiscal Year Ending June 30, 2022
Application of the New Revenue
Recognition Standard
The Accounting Standard for Revenue Recognition (ASBJ Statement No.29) is applied, starting from the fiscal year ending June 2022.
(Million yen) | Net sales plan | 15,085 |
14,011 | (Before the application of the | |
Revenue Recognition Standard) |
Portion removed from sales due to the application of the Revenue Recognition Standard
5,785 | |||
(After the application of the | |||
Revenue Recognition Standard) | |||
2021.6 | 2022.6 | ||
(Actual) | (Forecast) | ||
Impact on the Company |
- Net sales of the Advertising Business segment are stated in net amounts instead of total amounts (no impact on income)
- Net sales are posted as an amount (net value) calculated by subtracting posting expenses to be paid to the media from conventionally calculated net sales (total value).
- No impact on the Media Business segment
©2021 Net Marketing Co. Ltd. All rights reserved. | 5 |
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Net Marketing Co. Ltd. published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 06:39:04 UTC.