Gurunavi : Notice regarding the Recording of Extraordinary Loss (Impairment Loss)
May 12, 2021 at 11:46 am IST
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For immediate release
Name of Listed Company:
Gurunavi, Inc.
Listed Stock Exchanges:
Tokyo Stock Exchange
Stock Code:
2440
Representative:
Akio Sugihara, President
Notice regarding the Recording of Extraordinary Loss (Impairment Loss)
May 12, 2021 ̶ Gurunavi, Inc. (the "Company") announces that the Company recorded the following extraordinary loss (impairment loss) in the fiscal year ending March 31, 2021.
1. Detail of extraordinary loss (impairment loss)
As a result of examining the recoverability of the Company's property, plant and equipment and intangible assets, etc. in accordance with the "Accounting Standard for Impairment of Fixed Assets" and taking into consideration future earnings prospects in light of the impact of COVID-19 on the Company's business performance, the Company reduced their book values by the entire amount and recorded an impairment loss of 1,982 million yen.
2. Outlook
The above is reflected in the consolidated financial results for the fiscal year ended March 31, 2021 announced today.
(Reference)
Consolidated business forecasts for the year ending March 31, 2022 (announced today) and consolidated operating results for the previous fiscal year.
Operating
Net income
(Million yen)
Net sales
Ordinary income
attributable to
income
owners of parent
Consolidated business
forecasts for the year
19,400
(2,900)
(2,900)
(3,000)
ending March 31, 2022
Consolidated operating
results for the year
16,181
(7,423)
(7,269)
(9,704)
ended March 31, 2021
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Disclaimer
Gurunavi Inc. published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 06:15:03 UTC.
Gurunavi, Inc. is an Internet search service provider. The Company provides promotion services of various restaurant information to users through personal computers, mobile phones and smart phones by the operation of Website for restaurant information under the name Gurunavi. It also engages in development of products and sales promotion support services for food producers and food manufacturers. The related business operates a virtual shopping district to sells food on the Internet, delivery site, wedding information site, local information site, Tokyo odekake information site, tourist information site, among others.