INVESTOR PRESENTATION

Financial Results for the First Half of the Fiscal Year 2022

Gurunavi, Inc.（Stock Code : 2440）

Preface －Status of restaurants －

  • The seventh wave of the COVID-19 pandemic impacted profits at restaurants in July and August, but restaurants saw recovery in September

■ Business status 100%

Suspension

Shortened business hours

As usual

13%

7%

16%

6%

9%

7%

20%

30%

28%

80%

63%

67%

75%

75%

69%

74%

76%

76%

76%

73%

75%

70%

60%

64%

67%

69%

83%

67%

40%

61%

65%

20%

21%

31%

15%

27%

27%

25%

23%

30%

24%

22%

22%

23%

25%

24%

28%

14%

9%

7%

10%

0%

1%

2%

2%

2%

2%

2%

2%

2%

2%

2%

Apr.

May Jun.

Jul. Aug.

Sep. Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

Jun.

Jul.

Aug.

Sep.

Oct.

FY2021

FY2022

(in Tokyo)

State of emergency

Pre-emergency measures

■ Profit and loss

100%

Percentage of restaurants expected to be breakeven

Percentage of restaurants expected to make a profit

outlook

80%

60%

40%

42%

33%

17%

33%

25%

29%

22%

26%

16%

14%

13%

8%

20%

9%

11%

5%

5%

5%

25%

4%

24%

31%

25%

31%

27%

6%

21%

21%

19%

19%

23%

20%

11%

14%

14%

14%

0%

8%

12%

12%

Apr.

May

Jun.

Jul.

Aug. Sep.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

Jun.

Jul.

Aug.

Sep.

Oct.

FY2021

FY2022

Based on web survey for member restaurants

2

Summary

Steady progress to return to profitability in Q4

Half-year results

  • Losses were smaller than revised forecast (announced in August)
  • Sales higher than expected
  • Thorough cost control by prioritizing focus areas

Full-year forecasts

  • No revision to full-year forecast (see p.11 for details)
    • Expect steady recovery of restaurant promotion services but the previous forecast remains unchanged due to delay in establishing sales of new services and other factors

3

Financial Highlights

  • Losses narrowed due to review the allocation of management resources, despite the decrease in sales
  • Decrease in total paying member restaurants, mainly due to the close of delivery and take-out service on July 24
  • However, the number of Rakuten ID connected members (Gurunavi's user base) increased despite the seventh wave of the COVID-19 pandemic; users increased by 1.36 million to over 6.2 million

1H (Apr.-Sep.)

FY2021

FY2022

Net sales

JPY

6,105 million

JPY 5,865 million

Operating loss

JPY

(2,170)

million

JPY

(1,609)

million

Net loss attributable to owners of parent

JPY

(2,240)

million

JPY

(1,405)

million

Number of total paying member restaurants

61,107

46,222

(At the end of September 2022)

Number of Rakuten ID connected members

4.85

million

6.21

million

(At the end of September 2022)

4

Consolidated income statement

（JPY million）

1H FY2021

Ratio to

1H FY2022

Ratio to

YoY

(Apr.-Sep.)

sales

(Apr.-Sep.)

sales

Change

Net sales

6,105

100.0%

5,865

100.0%

(3.9)%

Cost of sales

2,450

40.1%

2,493

42.5%

1.8%

Gross profit

3,654

59.9%

3,371

57.5%

(7.7)%

SG&A expenses

5,824

95.4%

4,980

84.9%

(14.5)%

Operating loss

(2,170)

-

(1,609)

-

-

Ordinary loss

(2,176)

-

(1,565)

-

-

Net loss before income taxes

(2,230)

-

(1,390)

-

-

Net loss attributable to owners of parent

(2,240)

-

(1,405)

-

-

5

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Disclaimer

Gurunavi Inc. published this content on 02 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2022 06:19:36 UTC.