UNOFFICIAL TRANSLATION
The following is a translation, for convenience only,
of the original document issued in Japanese
Summary of Financial Statements
for the First Two Quarters of Fiscal 2023
May 10, 2023 | ||
Company Name: | FinTech Global Incorporated | (Code Number: 8789 Tokyo Stock Exchange) |
(URL:https://www.fgi.co.jp/en/) | TEL: +81-3-6456-4600 | |
Representative: | President and Chief Executive Officer | Name: Nobumitsu Tamai |
Contact: | Director, Senior Executive Officer | Name: Takashi Senda |
Scheduled date for filing of securities report: May 12, 2023 | ||
Scheduled date of commencement of dividend payment: - | ||
Preparation of explanatory materials for quarterly financial results: | Yes | |
Information meetings arranged related to quarterly financial results: | None | |
(Rounded down to the nearest million) |
1. Consolidated results for the first two quarters of fiscal 2023 (October 1, 2022 - March 31, 2023)
(1) Consolidated operating results | (Percentages indicate year-on-year changes.) | ||||||||||||
Revenues | Operating income/(loss) | Ordinary profit/(loss) | Profit/(loss) attributable to | ||||||||||
owners of the parent | |||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||
First two quarters of fiscal 2023 | 4,530 | 2.5 | 645 | - | 628 | - | 477 | - | |||||
First two quarters of fiscal 2022 | 4,421 | (9.3) | (39) | - | (51) | - | (203) | - | |||||
(For reference) Comprehensive income: | 654 million yen for the first two quarters of fiscal 2023 | (-%) | |||||||||||
(84) million yen for the first two quarters of fiscal 2022 | (-%) | ||||||||||||
Net income/(loss) | Net income | ||||||||||||
per share | |||||||||||||
per share | |||||||||||||
(diluted) | |||||||||||||
Yen | Yen | ||||||||||||
First two quarters of fiscal 2023 | 2.37 | 2.36 | |||||||||||
First two quarters of fiscal 2022 | (1.01) | - | |||||||||||
(2) Consolidated financial position | |||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||
Millions of yen | Millions of yen | % | |||||||||||
First two quarters of fiscal 2023 | 18,341 | 8,251 | 38.6 | ||||||||||
Fiscal 2022 | 17,933 | 7,842 | 36.7 | ||||||||||
(For reference) Shareholders' equity: | 7,080 million yen for the first two quarters of fiscal 2023 | ||||||||||||
6,585 million yen for fiscal 2022 |
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2. Dividends | |||||
Dividend per share | |||||
End of | End of | End of | End of | Total | |
first quarter | second quarter | third quarter | fiscal year | ||
Yen | Yen | Yen | Yen | Yen | |
Fiscal 2022 | - | 0.00 | - | 0.00 | 0.00 |
Fiscal 2023 | - | 0.00 | |||
Fiscal 2023 (Forecast) | - | - | - | ||
(Notes) |
- Change from the latest dividend forecast: None
- Year-enddividend forecast for the fiscal year ending September 30, 2023 has not been made.
3. Consolidated financial forecasts for fiscal 2023 (October 1, 2022 - September 30, 2023)
(Percentages indicate year-on-year changes.)
Revenues | Operating income | Ordinary profit | Profit attributable to | E.P.S. | |||||
owners of the parent | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
Fiscal 2023 | 10,100 | 8.6 | 1,400 | 138.2 | 1,400 | 158.8 | 1,000 | 467.8 | 4.97 |
(Note) Change from the latest consolidated financial forecasts: None
*Notes
- Changes in significant subsidiaries during the period (Changes in specified subsidiaries accompanying change in scope of consolidation): None
- Adoption of specific accounting policies for quarterly consolidated financial statements: None
- Changes in accounting policies, changes in accounting estimates, and restatements:
(a). Changes in accounting policies required by accounting standard: Yes
(b). Changes other than those in (a) above: None
(c). Changes in accounting estimates: None
(d). Restatements: None
Note: For details, please refer to " Consolidated Financial Statements and Primary Notes (3) Notes to Quarterly Consolidated Financial Statements (Change in accounting policies)".
- Number of shares issued (common shares)
- Number of shares issued (including treasury stock):
- Number of shares of treasury stock:
- Average number of shares issued during the first two quarters:
* This summary of financial statements is exempt from the review procedures.
201,305,200 shares for the first two quarters of fiscal 2023 201,295,200 shares for fiscal 2022
20 shares for the first two quarters of fiscal 2023 20 shares for fiscal 2022
201,301,966 shares for the first two quarters of fiscal 2023 201,213,740 shares for the first two quarters of fiscal 2022
* Explanation of the appropriate use of performance forecasts and other related items.
The forward-looking statements included in this summary of financial statements are based on the assumptions, forecasts, and plans of the Company as of the date on which this document is made public. The Company's actual results may differ substantially from such statements due to various risks and uncertainties.
2
Consolidated Financial Statements and Primary Notes
(1) Quarterly Consolidated Balance Sheets
(Unit: Thousands of yen) | ||||
First Two Quarters | ||||
Fiscal 2022 | of Fiscal 2023 | |||
(As of September 30, 2022) | (As of March 31, 2023) | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 2,375,927 | 1,747,229 | ||
Accounts receivable - trade, and contract assets | 1,113,702 | 1,073,142 | ||
Operational investment securities | 2,482,469 | 3,303,117 | ||
Loans receivable, trade | 371,665 | 353,265 | ||
Real estate for sale | 4,057,167 | 4,057,167 | ||
Merchandise | 133,602 | 134,539 | ||
Other | 593,045 | 677,494 | ||
Allowance for doubtful accounts | (104,772) | (104,969) | ||
Total current assets | 11,022,806 | 11,240,986 | ||
Noncurrent assets | ||||
Property, plant and equipment | ||||
Buildings and structures | 5,390,285 | 5,374,165 | ||
Accumulated depreciation | (717,453) | (804,788) | ||
Buildings and structures, net | 4,672,832 | 4,569,377 | ||
Other | 1,205,951 | 1,135,429 | ||
Total property, plant and equipment | 5,878,784 | 5,704,807 | ||
Intangible fixed assets | ||||
Goodwill | 117,736 | 105,619 | ||
Other | 514,765 | 41,434 | ||
Total intangible fixed assets | 632,501 | 147,054 | ||
Investments and other assets | ||||
Investments in securities | 105,581 | 822,972 | ||
Long-term loans receivable | 35,004 | 30,838 | ||
Deferred tax assets | 11,364 | 98,679 | ||
Other | 257,016 | 306,185 | ||
Allowance for doubtful accounts | (10,047) | (10,037) | ||
Total investments and other assets | 398,918 | 1,248,638 | ||
Total noncurrent assets | 6,910,204 | 7,100,500 | ||
Total assets | 17,933,011 | 18,341,487 | ||
3
(Unit: Thousands of yen) | ||||
First Two Quarters | ||||
Fiscal 2022 | of Fiscal 2023 | |||
(As of September 30, 2022) | (As of March 31, 2023) | |||
Liabilities | ||||
Current liabilities | ||||
Accounts payable, trade | 248,274 | 448,887 | ||
Short-term loans payable | - | 52,500 | ||
Current portion of long-term loans payable | 529,252 | 756,067 | ||
Income taxes payable | 133,150 | 116,079 | ||
Lease obligations | 260,095 | 256,075 | ||
Provision for bonuses | 191,888 | 179,888 | ||
Other | 1,225,164 | 831,423 | ||
Total current liabilities | 2,587,825 | 2,640,922 | ||
Noncurrent liabilities | ||||
Long-term loans payable | 7,184,342 | 6,849,561 | ||
Lease obligations | 158,022 | 73,555 | ||
Deferred tax liabilities | 19,737 | 106,460 | ||
Retirement benefit liability | 110,067 | 119,370 | ||
Other | 30,322 | 300,062 | ||
Total noncurrent liabilities | 7,502,492 | 7,449,010 | ||
Total liabilities | 10,090,317 | 10,089,932 | ||
Net assets | ||||
Shareholders' equity | ||||
Common stock | 6,471,266 | 5,372,574 | ||
Capital surplus | 4,996,716 | 960,465 | ||
Retained earnings | (4,943,941) | 668,910 | ||
Treasury shares | (0) | (0) | ||
Total shareholders' equity | 6,524,040 | 7,001,949 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale securities | 35,680 | 55,439 | ||
Foreign currency translation adjustment | 26,158 | 23,060 | ||
Total accumulated other comprehensive income | 61,839 | 78,499 | ||
Stock acquisition rights | 56,359 | 74,387 | ||
Non-controlling interests | 1,200,454 | 1,096,717 | ||
Total net assets | 7,842,693 | 8,251,554 | ||
Total liabilities and net assets | 17,933,011 | 18,341,487 | ||
4
- Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income Quarterly Consolidated Statements of Income
(Unit: Thousands of yen) | |||||
First Two Quarters | First Two Quarters | ||||
of Fiscal 2022 | of Fiscal 2023 | ||||
(From October 1, 2021 | (From October 1, 2022 | ||||
to March 31, 2022) | to March 31, 2023) | ||||
Revenues | 4,421,191 | 4,530,710 | |||
Cost of revenues | 2,811,670 | 2,149,152 | |||
Gross profit | 1,609,521 | 2,381,557 | |||
Selling, general and administrative expenses | 1,649,476 | 1,735,569 | |||
Operating income/(loss) | (39,955) | 645,988 | |||
Non-operating income | |||||
Interest income | 516 | 1,915 | |||
Foreign exchange gains | 11,629 | - | |||
Share of profit of entities accounted for using equity method | 9,563 | 41,510 | |||
Subsidy income | 34,051 | 26,769 | |||
Other | 3,196 | 1,656 | |||
Total non-operating income | 58,957 | 71,852 | |||
Non-operating expenses | |||||
Interest expense | 59,120 | 64,973 | |||
Foreign exchange losses | - | 18,133 | |||
Provision of allowance for doubtful accounts | 9,627 | 1,438 | |||
Other | 2,055 | 4,914 | |||
Total non-operating expenses | 70,804 | 89,460 | |||
Ordinary profit/(loss) | (51,802) | 628,380 | |||
Extraordinary income | |||||
Gain on bargain purchase | - | 190,025 | |||
Gain on reversal of stock acquisition rights | 15,691 | 273 | |||
Other | - | 96 | |||
Total extraordinary income | 15,691 | 190,394 | |||
Extraordinary losses | |||||
Loss on valuation of investments in capital of subsidiaries | 999 | - | |||
and associates | |||||
Loss on retirement of noncurrent assets | - | 32,369 | |||
Loss on liquidation of subsidiaries and associates | 362 | - | |||
Total extraordinary loss | 1,362 | 32,369 | |||
Income/(Loss) before income taxes | (37,473) | 786,406 | |||
Income taxes (current) | 89,868 | 146,439 | |||
Income taxes (deferred) | (46,958) | - | |||
Total income taxes | 42,909 | 146,439 | |||
Profit/(Loss) | (80,383) | 639,967 | |||
Profit attributable to non-controlling interests | 122,724 | 162,534 | |||
Profit/(Loss) attributable to owners of the parent | (203,107) | 477,432 | |||
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FGI - FinTech Global Inc. published this content on 10 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2023 07:16:05 UTC.