Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results
for the Year Ended June 30, 2023
(Based on Japanese GAAP)
August 3, 2023 | ||||||||||||||||||||||
Company name: | GREE, Inc. | |||||||||||||||||||||
Stock exchange listing: | Tokyo | |||||||||||||||||||||
Stock code: | 3632 | URL http://corp.gree.net/jp/ja/ | ||||||||||||||||||||
Representative: | Founder, Chairman and CEO | Yoshikazu Tanaka | ||||||||||||||||||||
Inquiries: | Director, Senior Vice President, CFO | Toshiki Oya | TEL 03-5770-9500 | |||||||||||||||||||
Scheduled date of ordinary general meeting of shareholders: | September 27, 2023 | |||||||||||||||||||||
Scheduled date to file Securities Report: | September 28, 2023 | |||||||||||||||||||||
Scheduled date to commence dividend payments: | August 24, 2023 | |||||||||||||||||||||
Preparation of supplementary material on financial results: | Yes | |||||||||||||||||||||
Holding of financial results meeting: | Yes | (for institutional investors and analysts) | ||||||||||||||||||||
(Amounts less than one million yen are rounded down) | ||||||||||||||||||||||
1. Consolidated financial results for the year ended June 30, 2023 (from July 1, 2022 to June 30, 2023) | ||||||||||||||||||||||
(1) Consolidated operating results | Percentages indicate year-on-year changes | |||||||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||||||||||||
owners of parent | ||||||||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||||||||||||
Year ended June 30, 2023 | 75,440 | 0.7 | 12,498 | 8.7 | 13,086 | (7.2) | 9,278 | (8.3) | ||||||||||||||
Year ended June 30, 2022 | 74,906 | 18.5 | 11,498 | 5.9 | 14,106 | 27.1 | 10,121 | (25.2) | ||||||||||||||
Earnings per share | Diluted earnings per | Profit attributable to | Ordinary profit/total | Operating profit/net | ||||||||||||||||||
share | owners of | assets | sales | |||||||||||||||||||
parent/equity | ||||||||||||||||||||||
Yen | Yen | % | % | % | ||||||||||||||||||
Year ended June 30, 2023 | 54.07 | 53.47 | 10.2 | 10.8 | 16.6 | |||||||||||||||||
Year ended June 30, 2022 | 54.58 | 54.01 | 9.6 | 10.9 | 15.4 | |||||||||||||||||
(2) Consolidated financial position | ||||||||||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | |||||||||||||||||||
Millions of yen | Millions of yen | % | Yen | |||||||||||||||||||
As of June 30, 2023 | 124,806 | 92,549 | 73.7 | 539.35 | ||||||||||||||||||
As of June 30, 2022 | 116,730 | 90,930 | 77.4 | 521.76 | ||||||||||||||||||
(3) Consolidated cash flows | ||||||||||||||||||||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash equivalents | |||||||||||||||||||
operating activities | investing activities | financing activities | at end of period | |||||||||||||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | |||||||||||||||||||
Year ended June 30, 2023 | 4,590 | (439) | 3,264 | 74,293 | ||||||||||||||||||
Year ended June 30, 2022 | 13,218 | (5,299) | (37,516) | 66,624 | ||||||||||||||||||
2. Cash dividends | ||||||||||||||||||||||
Annual dividends per share | Total cash | Dividend payout | Ratio of dividends | |||||||||||||||||||
to net assets | ||||||||||||||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | dividends (Total) | ratio (Consolidated) | (Consolidated) | |||||||||||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |||||||||||||||
Year ended June 30, 2022 | - | 0.00 | - | 11.00 | 11.00 | 1,905 | 20.2 | 2.0 | ||||||||||||||
Year ended June 30, 2023 | - | 0.00 | - | 11.00 | 11.00 | 1,877 | 20.3 | 2.1 | ||||||||||||||
Year ending June 30, 2024 | - | - | - | - | - | - | ||||||||||||||||
(Forecast) | ||||||||||||||||||||||
1
3. Notes
(1) | Changes in significant subsidiaries during the year ended June 30, 2023 | No |
(changes in specified subsidiaries resulting in the change in scope of consolidation): | ||
(2) | Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements | |
Changes in accounting policies due to revisions to accounting standards and other regulations: | Yes | |
Changes in accounting policies due to other reasons: | No | |
Changes in accounting estimates: | No | |
Restatement of prior period financial statements: | No |
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2023 | 179,749,700 | shares | As of June 30, 2022 | 179,749,700 | shares | |
Number of treasury shares at the end of the period | ||||||
As of June 30, 2023 | 9,094,269 | shares | As of June 30, 2022 | 6,518,365 | shares | |
Average number of shares during the period | ||||||
Year ended June 30, 2023 | 171,601,211 | shares | Year ended June 30, 2022 | 185,437,620 | shares |
2
Consolidated financial statements
Consolidated balance sheets
(Millions of yen) | ||
As of June 30, 2022 | As of June 30, 2023 | |
Assets | ||
Current assets | ||
Cash and deposits | 54,624 | 50,293 |
Notes and accounts receivable - trade, and contract assets | 7,754 | 7,694 |
Accounts receivable - other | 1,567 | 2,298 |
Operational investment securities | 22,215 | 19,574 |
Money held in trust | 12,000 | 24,000 |
Other | 2,044 | 3,506 |
Allowance for doubtful accounts | (3) | (0) |
Total current assets | 100,203 | 107,367 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 1,851 | 1,901 |
Tools, furniture and fixtures | 509 | 464 |
Total property, plant and equipment | 2,361 | 2,365 |
Intangible assets | ||
Other | 13 | 8 |
Total intangible assets | 13 | 8 |
Investments and other assets | ||
Investment securities | 9,493 | 10,242 |
Deferred tax assets | 716 | 1,907 |
Other | 4,255 | 3,239 |
Allowance for doubtful accounts | (313) | (324) |
Total investments and other assets | 14,151 | 15,064 |
Total non-current assets | 16,526 | 17,439 |
Total assets | 116,730 | 124,806 |
Liabilities | ||
Current liabilities | ||
Current portion of bonds payable | - | 5,000 |
Income taxes payable | 2,485 | 1,684 |
Contract liabilities | 4,657 | 5,919 |
Provision for bonuses | 850 | 512 |
Allowance for Relocation cost | 16 | - |
Accounts payable - other | 6,091 | 6,251 |
Other | 1,873 | 1,023 |
Total current liabilities | 15,975 | 20,391 |
Non-current liabilities | ||
Bonds payable | 8,000 | 10,700 |
Other | 1,824 | 1,165 |
Total non-current liabilities | 9,824 | 11,865 |
Total liabilities | 25,800 | 32,256 |
3
(Millions of yen) | ||
As of June 30, 2022 | As of June 30, 2023 | |
Net assets | ||
Shareholders' equity | ||
Share capital | 100 | 100 |
Capital surplus | 2,365 | 2,365 |
Retained earnings | 86,320 | 93,690 |
Treasury shares | (3,690) | (5,836) |
Total shareholders' equity | 85,094 | 90,319 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 5,291 | 1,657 |
Foreign currency translation adjustment | - | 66 |
Total accumulated other comprehensive income | 5,291 | 1,724 |
Share acquisition rights | 490 | 454 |
Non-controlling interests | 53 | 51 |
Total net assets | 90,930 | 92,549 |
Total liabilities and net assets | 116,730 | 124,806 |
4
Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income
(Millions of yen) | ||
Fiscal year ended | Fiscal year ended | |
June 30, 2022 | June 30, 2023 | |
Net sales | 74,906 | 75,440 |
Cost of sales | 30,054 | 28,831 |
Gross profit | 44,852 | 46,608 |
Selling, general and administrative expenses | 33,354 | 34,110 |
Operating profit | 11,498 | 12,498 |
Non-operating income | ||
Interest income | 27 | 160 |
Dividend income | 12 | 54 |
Foreign exchange gains | 2,657 | 584 |
Other | 52 | 10 |
Total non-operating income | 2,751 | 810 |
Non-operating expenses | ||
Interest expenses | 51 | 122 |
Commission expenses | 55 | 51 |
Loss on cancellation of leases | 29 | - |
Valuation loss on crypto assets | - | 46 |
Other | 6 | 1 |
Total non-operating expenses | 142 | 222 |
Ordinary profit | 14,106 | 13,086 |
Extraordinary income | ||
Gain on sale of investment securities | 10 | 293 |
Gain on sale of shares of subsidiaries and associates | - | 3 |
Penalty income | 754 | - |
Other | 10 | 24 |
Total extraordinary income | 775 | 321 |
Extraordinary losses | ||
Loss on retirement of non-current assets | 67 | 7 |
Impairment losses | 36 | 56 |
Loss on valuation of investment securities | 179 | 636 |
Other | - | 13 |
Total extraordinary losses | 283 | 713 |
Profit before income taxes | 14,598 | 12,693 |
Income taxes - current | 3,538 | 3,320 |
Income taxes - deferred | 936 | 95 |
Total income taxes | 4,474 | 3,416 |
Profit | 10,124 | 9,277 |
Profit (loss) attributable to non-controlling interests | 2 | (0) |
Profit attributable to owners of parent | 10,121 | 9,278 |
5
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Gree Inc. published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2023 06:57:07 UTC.