Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2023
(Based on IFRS)
Listed company: | Geniee Inc. | |
Code No.: | 6562 | URL https://en.geniee.co.jp |
Representative: | (Title/post) | Representative Director, President |
& CEO | ||
Contact liaison: | (Title/post) | Administration Department |
General Manager & CFO | ||
Schedule date of first quarter
August 12, 2022
Listed stock exchange: TSE
(Name) Tomoaki Kudo
(Name) Jun Kikukawa | TEL: +81-3-5909-8177 |
Schedule date to commence
report submission:
August 12, 2022
dividend payments:
―
Supplemental quarterly earnings summary materials created: Yes
Quarterly earnings conference held: Yes
(amounts below one million yen rounded off) | |||||||||||||||||||||||||||||||
1. Consolidated earnings for the first quarter of FY2022 (April 1, 2022 to June 30, 2022) | |||||||||||||||||||||||||||||||
(1) Consolidated operating results (cumulative) | (% indicates YoY change) | ||||||||||||||||||||||||||||||
Net income | Total | ||||||||||||||||||||||||||||||
Income before | attributable to | ||||||||||||||||||||||||||||||
Net sales | Gross profit | Operating income | Net income | comprehensive | |||||||||||||||||||||||||||
income taxes | owners of the | income | |||||||||||||||||||||||||||||
parent | |||||||||||||||||||||||||||||||
million | % | million | % | million | % | millio | % | million | % | million | % | million | % | ||||||||||||||||||
yen | yen | yen | n yen | yen | yen | yen | |||||||||||||||||||||||||
1Q FY2022 | 1,468 | - | 1,171 | - | 191 | - | 218 | - | 175 | - | 177 | - | 215 | - | |||||||||||||||||
1Q FY2021 | 2,968 | - | 793 | - | 80 | - | 95 | - | 66 | - | 66 | - | 63 | - | |||||||||||||||||
Net income per share | Diluted net income per share | ||||||||||||||||||||||||||||||
Yen | Yen | ||||||||||||||||||||||||||||||
1Q FY2022 | 10.05 | 10.04 | |||||||||||||||||||||||||||||
1Q FY2021 | 3.68 | 3.66 | |||||||||||||||||||||||||||||
(2) Status of consolidated finances | |||||||||||||||||||||||||||||||
Equity attributable to | Ratio of equity | ||||||||||||||||||||||||||||||
Total assets | Total equity | attributable to owners of | |||||||||||||||||||||||||||||
owners of the parent | |||||||||||||||||||||||||||||||
the parent to total assets | |||||||||||||||||||||||||||||||
million yen | million yen | million yen | % | ||||||||||||||||||||||||||||
1Q FY2022 | 7,682 | 3,046 | 3,005 | 39.1 | |||||||||||||||||||||||||||
FY2021 | 7,615 | 2,840 | 2,798 | 36.7 | |||||||||||||||||||||||||||
2. Status of dividends | |||||||||||||||||||||||||||||||
Total annual dividends | |||||||||||||||||||||||||||||||
End of 1Q | End of 2Q | End of 3Q | Year-end | Total | |||||||||||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | |||||||||||||||||||||||||||
FY2021 | - | 0.00 | - | 0.00 | 0.00 | ||||||||||||||||||||||||||
FY2022 | - | ||||||||||||||||||||||||||||||
FY2022 | - | - | - | - | |||||||||||||||||||||||||||
(forecast) | |||||||||||||||||||||||||||||||
(Note) Revisions since most recently announced dividend forecast: None |
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3. Consolidated earnings forecast for FY2022 (April 1, 2022 to March 31, 2023) | (% indicates YoY change) | ||||||||||||||
Net income | Basic | ||||||||||||||
Operating | Income before | attributable to | |||||||||||||
Revenue | Gross profit | Net income | earnings | ||||||||||||
Income | income taxes | owners of the | |||||||||||||
per share | |||||||||||||||
parent | |||||||||||||||
million | % | million | % | million | % | million | % | million | % | million | % | (Yen) | |||
yen | yen | yen | yen | yen | yen | ||||||||||
FY2022 | 6,200~ | - | 5,200~ | - | 1,000~ | - | 900~ | - | 600~ | - | 600~ | - | 34.02~ | ||
6,600 | - | 5,500 | - | 1,200 | - | 1,100 | - | 800 | - | 800 | - | 45.36 | |||
(Note) The forecast of consolidated financial results for the fiscal year ending March 31, 2023 is calculated based on International Financial Reporting Standards (IFRS), since the Company has decided to adopt IFRS on a voluntary basis from the fiscal year ending March 31, 2023. For this reason, the percentage change from the actual results for the fiscal year ended March 31, 2022, when Japanese GAAP was applied, is not shown.
(Note) From FY2022, we are changing sales of the Ad Platform Business to net sales recognition
*Notes
- Movement of important subsidiaries during consolidated cumulative quarter under review (movements of designated subsidiaries incidental to change in scope of consolidation): None
New companies: (Company name); Excluded companies: (Company name)- Application of special accounting treatments during the creation of quarterly consolidated financial statements: None
- Changes in accounting principles, changes in accounting estimates, and restatements
- Change in accounting principles incidental to revisions to accounting standards, etc.:None
- Changes in accounting principles other than 1): None
- Changes in accounting estimates: None
- Restatements: None
- Number of issued shares (common stock)
- Number of shares issued at end of fiscal year (including treasury stock)
- Treasury stock as of end of term
- Average number of shares during fiscal year (cumulative quarter)
1Q FY2022 | 18,048,200 | shares | FY2021 | 18,048,200 | shares |
1Q FY2022 | 330,339 | shares | FY2021 | 330,339 | shares |
1Q FY2022 | 17,717,680 | shares | 1Q FY2021 | 18,048,200 | shares |
*The quarterly earnings summary is not subject to quarterly review by the public certified accountant or auditing firm.
*Explanation concerning appropriate use of earnings forecasts and other special notes (Notes on forward-looking statements)
Earnings forecasts and other forward-looking statements indicated in these materials, are based on information available and certain assumptions deemed reasonable at the time. Statements in these materials do not constitute any guarantee of actual performance. Actual business results may differ substantially due to several factors.
(Method of obtaining notes on quarterly financial statements)
Notes on quarterly financial statements will be published to our website on August 12, 2022.
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Consolidated Financial Statements | ||
Consolidated Statements of Financial Position | ||
(Thousands of yen) | ||
As of March 31, 2022 | As of June 30, 2022 | |
Assets | ||
Current assets | ||
Cash and cash equivalents | 1,476,761 | 1,581,766 |
Trade and other receivables | 2,029,947 | 1,956,924 |
Inventories | 468 | 1,024 |
Other financial assets | 105,107 | 397 |
Other current assets | 189,336 | 221,459 |
Total current assets | 3,801,621 | 3,761,572 |
Non-current assets | ||
Property, plant and equipment | 355,868 | 348,248 |
Right of use asset | 235,927 | 209,129 |
Goodwill | 1,530,383 | 1,530,383 |
Intangible assets | 1,054,613 | 1,140,598 |
Other financial assets | 497,686 | 565,290 |
Deferred tax assets | 121,164 | 108,923 |
Other non-current assets | 18,430 | 18,010 |
Total non-current assets | 3,814,074 | 3,920,584 |
Total assets | 7,615,695 | 7,682,156 |
(Thousands of yen) | ||
As of March 31, 2022 | As of June 30, 2022 | |
Liabilities | ||
Current liabilities | ||
Trade payables | 1,635,079 | 1,739,154 |
Borrowings | 1,218,425 | 1,106,513 |
Lease liabilities | 155,964 | 111,248 |
Income tax payable | 181,932 | 35,633 |
Other current liabilities | 458,469 | 460,617 |
Total current liabilities | 3,649,870 | 3,453,166 |
Non-current liabilities | ||
Borrowings | 888,886 | 922,821 |
Lease liabilities | 92,296 | 115,645 |
Provisions | 144,208 | 144,426 |
Total non-current liabilities | 1,125,391 | 1,182,893 |
Total liabilities | 4,775,262 | 4,636,060 |
Equity | ||
Shareholders' equity | ||
Share capital | 1,549,591 | 1,549,591 |
Capital surplus | 1,127,353 | 1,131,455 |
Retained earnings | 386,587 | 564,562 |
Treasury shares | (299,552) | (313,232) |
Other components of equity | 34,122 | 73,249 |
Equity attributable to owners of the parent | 2,798,102 | 3,005,626 |
Non-controlling interests | 42,330 | 40,469 |
Total equity | 2,840,433 | 3,046,096 |
Total liabilities and equity | 7,615,695 | 7,682,156 |
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Consolidated Statements of Income | ||
(Thousands of yen) | ||
For the fiscal year | For the fiscal year | |
ended June 30, 2021 | ended June 30, 2022 | |
Revenue | 2,968,471 | 1,468,356 |
Cost of sales | 2,175,229 | 296,809 |
Gross profit | 793,241 | 1,171,546 |
Selling, general and administrative expenses | 712,612 | 905,581 |
Operating income | 237 | 176 |
Other revenue | 361 | 75,086 |
Other expenses | 80,505 | 191,053 |
Financial income | 22,278 | 38,172 |
Financial expense | 7,522 | 10,290 |
Income before income taxes | 95,261 | 218,935 |
Income taxes | 30,304 | 43,801 |
Net income | 64,956 | 175,134 |
Net income attributable to: | ||
Owners of the parent | 66,425 | 177,975 |
Non-controlling interests | (1,469) | (2,840) |
Net income | 64,956 | 175,134 |
Interim earnings per share | ||
Basic (Yen) | 3.68 | 10.05 |
Diluted (Yen) | 3.66 | 10.04 |
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Consolidated statements of cash flows | ||
(Thousands of yen) | ||
For the fiscal year | For the fiscal year | |
ended June 30, 2021 | ended June 30, 2022 | |
Cash flows from operating activities | ||
Profit before income taxes | 95,261 | 218,935 |
Depreciation and amortization | 143,593 | 139,534 |
Financial income | (22,278) | (38,463) |
Financial expense | 4,896 | 7,668 |
Decrease (increase) in trade and other receivables | 137,203 | 109,520 |
Decrease (increase) in inventories | 570 | (538) |
Increase (decrease) in trade and other receivables | (41,803) | 135,490 |
Others | (41,013) | 4,139 |
Subtotal | 276,428 | 576,286 |
Interest and dividends received | 100 | 0 |
Interest paid | (5,096) | (6,939) |
Income taxes paid | (33,819) | (177,703) |
Net cash provided by (used in) operating activities | 237,613 | 391,643 |
Cash flows from investing activities | ||
Purchase of property, plant and equipment | (44,423) | (741) |
Purchase of intangible assets | (137,775) | (152,209) |
Payments for lease deposit and guarantee deposit | - | (29,036) |
Others | (4) | 47 |
Net cash provided by (used in) investing activities | (182,202) | (181,940) |
Cash flows from financing activities | ||
Net increase (decrease) in short-term loans payable | 45,000 | (175,200) |
Proceeds from long-term borrowings | - | 200,000 |
Repayment of long-term debt | (53,571) | (102,777) |
Repayments of lease obligations | (62,974) | (63,227) |
Purchase of treasury shares | - | (14,736) |
Net cash provided by (used in) financing activities | (71,545) | (155,940) |
Effect of exchange rate change on cash and cash equivalents | (297) | 51,242 |
Net increase (decrease) in cash and cash equivalents | (16,432) | 105,004 |
Cash and cash equivalents at beginning of period | 1,091,864 | 1,476,761 |
Decrease in cash and cash equivalents resulting from deconsolidation of subsidiaries | (2,611) | - |
Cash and cash equivalents at end of period | 1,072,820 | 1,581,766 |
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Geniee Inc. published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 04:08:08 UTC.