Disclaimer: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. This document does not contain or constitute any guarantee and the Company will not compensate any losses and/or damage stemming from actions taken based on this document.
[Summary] Consolidated Financial Results
for the Three Months Ended June 30, 2020
[Japanese GAAP]
August 26, 2020
Company name: Remixpoint, inc.
Stock exchange listing: Tokyo Stock Exchange
Code number: 3825
URL: https://www.remixpoint.co.jp
Representative: Genki Oda, President, CEO and Representative Director
Contact: Yoshihiko Takahashi, Director
Phone: +81-3-6303-0280
Scheduled date of filing quarterly securities report: August 14, 2020
Scheduled date of commencing dividend payments: ―
Availability of supplementary briefing material on quarterly financial results: Available
Schedule of quarterly financial results briefing session: ―
(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2020 (April 1, 2020 to June 30, 2020)
(1) Consolidated Operating Results (cumulative) | (% indicates changes from the previous corresponding period.) | ||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||||||
owners of parent | |||||||||||||||||
Three months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||||||
June 30, 2020 | 2,178 | (27.6) | (325) | - | (328) | - | (289) | - | |||||||||
June 30, 2019 | 3,009 | (13.1) | (408) | - | (421) | - | (436) | - | |||||||||
(Note) Comprehensive income: Three months ended June 30, 2020: ¥(289) million [-%] | |||||||||||||||||
Three months ended June 30, 2019: ¥(436) million [-%] | |||||||||||||||||
Basic earnings | Diluted earnings | ||||||||||||||||
per share | per share | ||||||||||||||||
Three months ended | Yen | Yen | |||||||||||||||
June 30, 2020 | (4.53) | - | |||||||||||||||
June 30, 2019 | (7.61) | - | |||||||||||||||
(2) Consolidated Financial Position | |||||||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||||||
Million yen | Million yen | % | |||||||||||||||
As of June 30, 2020 | 16,233 | 4,516 | 27.6 | ||||||||||||||
As of March 31, 2020 | 14,259 | 3,870 | 26.8 |
(Reference) Equity: As of June 30, 2020: ¥4,486 million As of March 31, 2020: ¥3,825 million
2. Dividends
Annual dividends | |||||||||||
1st | 2nd | 3rd | Year-end | Total | |||||||
quarter-end | quarter-end | quarter-end | |||||||||
Yen | Yen | Yen | Yen | Yen | |||||||
Fiscal year ended March 31, 2020 | - | 0.00 | - | 0.00 | 0.00 | ||||||
Fiscal year ending March 31, 2021 | - | ||||||||||
Fiscal year ending March 31, 2021 | - | - | - | - | |||||||
(Forecast) | |||||||||||
(Note) The forecast of dividends for fiscal year ending March 31, 2021 is currently undetermined.
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2021 (April 1, 2020 to March 31, 2021)
The crypto asset exchange business of the Group's financial business is influenced by economic conditions, market environment related to crypto asset, and trends in the financial market, making it difficult to calculate an appropriate and reasonable financial results forecast. This is due to the extreme lack of clarity at the present time regarding the impact on the Group's business activities and financial position from changes in the operating environment caused by the spread of COVID-19. Looking ahead, we plan to promptly release our consolidated financial results forecast when it becomes possible to carry out the needed calculations.
* Notes:
- Changes in significant subsidiaries during the three months ended June 30, 2020: No
- Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: No
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: No
- Changes in accounting policies other than 1) above: Yes
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common stock)
- Number of issued shares at the end of the period (including treasury shares):
June 30, 2020: 71,629,300 shares
March 31, 2020: 60,917,600 shares
-
Number of treasury shares at the end of the period: June 30, 2020: 60,000 shares
March 31, 2020: 60,000 shares - Average number of shares during the period:
Three months ended June 30, 2020: 64,011,135 shares
Three months ended June 30, 2019: 57,370,141 shares
- These quarterly financial results are outside the scope of quarterly review by certified public accountants or an audit corporation.
- Explanation of the proper use of financial results forecast and other special notes (Caution regarding forward-looking statements)
In these materials, the consolidated financial results forecast for the fiscal year ending March 31, 2021 is undetermined, and statements herein are based on information that is currently available and certain assumptions deemed reasonable by the Company.
In addition, regarding dividend forecasts for the fiscal year ending March 31, 2021, while currently evaluating and deciding on relevant information on performance trends, etc., the Company will promptly disclose dividend forecasts once they become available.
Quarterly Consolidated Financial Statements
(1) Quarterly Consolidated Balance Sheets
(Million yen) | ||||||
As of March 31, 2020 | As of June 30, 2020 | |||||
Assets | ||||||
Current assets | ||||||
Cash and deposits | 2,777 | 1,741 | ||||
Accounts receivable - trade | 944 | 926 | ||||
Merchandise | 341 | 310 | ||||
Real estate for sale in process | 116 | 140 | ||||
Users cryptoassets | 7,306 | 8,886 | ||||
Owned cryptoassets | 432 | 381 | ||||
Guarantee deposits for cryptoassets | 169 | 103 | ||||
Cash segregated as deposits | ― | 1,834 | ||||
Guarantee deposits | 282 | 121 | ||||
Other | 403 | 355 | ||||
Allowance for doubtful accounts | (35) | (40) | ||||
Total current assets | 12,739 | 14,760 | ||||
Non-current assets | ||||||
Property, plant and equipment | 74 | 77 | ||||
Intangible assets | ||||||
Software | 545 | 483 | ||||
Software in progress | 181 | 301 | ||||
Total intangible assets | 726 | 785 | ||||
Investments and other assets | ||||||
Investment securities | 161 | 184 | ||||
Leasehold and guarantee deposits | 355 | 233 | ||||
Fixed loan | 86 | 86 | ||||
Other | 201 | 191 | ||||
Allowance for doubtful accounts | (86) | (86) | ||||
Total investments and other assets | 719 | 609 | ||||
Total non-current assets | 1,519 | 1,472 | ||||
Total assets | 14,259 | 16,233 | ||||
1
(Million yen) | |||||
As of March 31, 2020 | As of June 30, 2020 | ||||
Liabilities | |||||
Current liabilities | |||||
Accounts payable - trade | 268 | 299 | |||
Accounts payable - other | 435 | 324 | |||
Deposits received | 1,386 | 1,535 | |||
Deposits received for cryptoassets | 7,306 | 8,886 | |||
Guarantee deposits received | 276 | 191 | |||
Income taxes payable | 50 | 82 | |||
Loans payable-cryptoassets | 569 | 286 | |||
Provision for loss on business of subsidiaries | 11 | 2 | |||
and associates | |||||
Other | 80 | 108 | |||
Total current liabilities | 10,388 | 11,716 | |||
Total liabilities | 10,388 | 11,716 | |||
Net assets | |||||
Shareholders' equity | |||||
Share capital | 4,085 | 4,561 | |||
Capital surplus | 4,107 | 4,582 | |||
Retained earnings | (4,349) | (4,639) | |||
Treasury shares | (18) | (18) | |||
Total shareholders' equity | 3,825 | 4,486 | |||
Share acquisition rights | 45 | 30 | |||
Total net assets | 3,870 | 4,516 | |||
Total liabilities and net assets | 14,259 | 16,233 | |||
2
-
Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statements of Income
Three Months Ended June 30
(Million yen) | |||||
Three months ended | Three months ended | ||||
June 30, 2019 | June 30, 2020 | ||||
Net sales | 3,009 | 2,178 | |||
Cost of sales | 2,549 | 1,798 | |||
Gross profit | 459 | 380 | |||
Selling, general and administrative expenses | 867 | 705 | |||
Operating loss | (408) | (325) | |||
Non-operating income | |||||
Interest income | 0 | 0 | |||
Dividend income | 0 | 0 | |||
Gain on forfeiture of unclaimed dividends | 0 | ― | |||
Subsidy income | ― | 0 | |||
Other | 0 | 0 | |||
Total non-operating income | 1 | 1 | |||
Non-operating expenses | |||||
Interest expenses | 0 | 0 | |||
Issuance cost of subscription rights to shares | 3 | 2 | |||
Share issuance costs | 10 | 1 | |||
Other | 0 | 0 | |||
Total non-operating expenses | 13 | 4 | |||
Ordinary loss | (421) | (328) | |||
Extraordinary income | |||||
Income insurance | ― | 61 | |||
Total extraordinary income | ― | 61 | |||
Extraordinary losses | |||||
Impairment loss | 2 | ― | |||
Loss on valuation of investments in capital | ― | 9 | |||
Total extraordinary losses | 2 | 9 | |||
Loss before income taxes | (423) | (277) | |||
Income taxes - current | 21 | 12 | |||
Income taxes - deferred | (9) | ― | |||
Total income taxes | 12 | 12 | |||
Loss | (436) | (289) | |||
Loss attributable to owners of parent | (436) | (289) |
3
Quarterly Consolidated Statements of Comprehensive Income
Three Months Ended June 30
(Million yen) | |
Three months ended | Three months ended |
June 30, 2019 | June 30, 2020 |
Profit
Comprehensive income
Comprehensive income attributable to
Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling
interests
(436) | (289) | ||||
(436) | (289) | ||||
(436) | (289) | ||||
- | - | ||||
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Remixpoint Inc. published this content on 26 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2020 07:31:19 UTC