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 Nine Months Ended July 31, 2021 (Based on Japanese GAAP)
September 14, 2021 | ||||||||||||||||||||||
Company name: | GIFT INC. | |||||||||||||||||||||
Stock exchange listing: | Tokyo | |||||||||||||||||||||
Stock code: | 9279 | URL | http://www.gift-group.co.jp/ | |||||||||||||||||||
Representative: | President and Representative Director | Sho Tagawa | ||||||||||||||||||||
Inquiries: | Managing Director & General Manager, | Norihiko Suehiro | TEL | 042-860-7182 | ||||||||||||||||||
Administration Division | ||||||||||||||||||||||
Scheduled date to file Quarterly Securities Report: | September 14, 2021 | |||||||||||||||||||||
Scheduled date to commence dividend payments: | - | |||||||||||||||||||||
Preparation of supplementary material on quarterly financial results: | Yes | |||||||||||||||||||||
Holding of quarterly financial results meeting: | No | |||||||||||||||||||||
(Amounts less than one million yen are rounded down) | ||||||||||||||||||||||
1. Consolidated financial results for the nine months ended July 31, 2021 (from November 1, 2020 to July 31, 2021) | ||||||||||||||||||||||
(1) Consolidated operating results (cumulative) | 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 | % | |||||||||||||||
Nine months ended July 31, 2021 | 9,759 | 22.4 | 660 | 116.2 | 1,260 | 249.5 | 862 | 373.3 | ||||||||||||||
Nine months ended July 31, 2020 | 7,972 | 19.8 | 305 | (61.5) | 360 | (55.1) | 182 | (63.1) | ||||||||||||||
Earnings per share | Diluted earnings per share | |||||||||||||||||||||
Yen | Yen | |||||||||||||||||||||
Nine months ended July 31, 2021 | 86.77 | 86.41 | ||||||||||||||||||||
Nine months ended July 31, 2020 | 18.38 | 18.27 | ||||||||||||||||||||
(2) Consolidated financial position | ||||||||||||||||||||||
Total assets | Net assets | Equity ratio | ||||||||||||||||||||
Millions of yen | Millions of yen | % | ||||||||||||||||||||
As of July 31, 2021 | 8,107 | 3,898 | 48.1 | |||||||||||||||||||
As of October 31, 2020 | 6,872 | 3,107 | 45.2 | |||||||||||||||||||
2. Cash dividends | ||||||||||||||||||||||
Annual dividends per share | ||||||||||||||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | ||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | ||||||||||||||||||
Year ended October 31, 2020 | - | 0.00 | - | 10.00 | 10.00 | |||||||||||||||||
Year ending October 31, 2021 | - | 0.00 | ||||||||||||||||||||
Year ending October 31, 2021 (Forecast) | - | 15.00 | 15.00 | |||||||||||||||||||
3. Forecast of consolidated financial results for the year ending October 31, 2021 (from November 1, 2020 to October 31, 2021)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | |||||
owners of parent | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
Full year | 13,730 | 25.0 | 930 | 101.6 | 1,480 | 189.1 | 790 | 601.2 | 79.37 |
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4. Notes | ||||||||
(1) | Changes in significant subsidiaries during the Nine months ended July 31, 2021 | No | ||||||
(changes in specified subsidiaries resulting in the change in scope of consolidation): | ||||||||
(2) | Application of special accounting methods for preparing quarterly consolidated financial statements: | Yes | ||||||
(3) | 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: | No | |||||||
Changes in accounting policies due to other reasons: | No | |||||||
Changes in accounting estimates: | No | |||||||
Restatement of prior period financial statements: | No | |||||||
(4) | Number of issued shares (common shares) | |||||||
Total number of issued shares at the end of the period (including treasury shares) | ||||||||
As of July 31, 2021 | 9,953,967 | shares | As of October 31, 2020 | 9,930,362 | shares | |||
Number of treasury shares at the end of the period | ||||||||
As of July 31, 2021 | 124 | shares | As of October 31, 2020 | 62 | shares | |||
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||||
Nine months ended July 31, 2021 | 9,942,399 | shares | Nine months ended July 31, 2020 | 9,914,449 | shares |
2
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen) | |||
As of October 31, 2020 | As of July 31, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 1,791,976 | 1,926,540 | |
Accounts receivable - trade | 232,455 | 234,803 | |
Merchandise and finished goods | 50,358 | 53,272 | |
Raw materials and supplies | 39,489 | 44,672 | |
Other | 139,238 | 165,935 | |
Allowance for doubtful accounts | △409 | △408 | |
Total current assets | 2,253,109 | 2,424,816 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures | 2,869,600 | 3,639,457 | |
Accumulated depreciation | △676,375 | △834,356 | |
Buildings and structures, net | 2,193,224 | 2,805,100 | |
Land | 149,501 | 149,501 | |
Other | 1,205,528 | 1,514,159 | |
Accumulated depreciation | △522,625 | △633,226 | |
Other, net | 682,902 | 880,933 | |
Total property, plant and equipment | 3,025,629 | 3,835,536 | |
Intangible assets | |||
Goodwill | 145,515 | 207,101 | |
Other | 24,123 | 16,099 | |
Total intangible assets | 169,638 | 223,201 | |
Investments and other assets | |||
Leasehold and guarantee deposits | 733,594 | 832,336 | |
Other | 690,571 | 792,221 | |
Allowance for doubtful accounts | △435 | △435 | |
Total investments and other assets | 1,423,731 | 1,624,121 | |
Total non-current assets | 4,618,998 | 5,682,859 | |
Total assets | 6,872,108 | 8,107,675 |
3
(Thousands of yen) | |||
As of October 31, 2020 | As of July 31, 2021 | ||
Liabilities | |||
Current liabilities | |||
Accounts payable - trade | 298,396 | 361,329 | |
Short-term borrowings | 754,861 | 688,090 | |
Current portion of long-term borrowings | 547,192 | 561,736 | |
Income taxes payable | 67,141 | 381,864 | |
Provision for bonuses | 68,166 | 59,705 | |
Provision for point card certificates | - | 5,034 | |
Asset retirement obligations | 1,251 | - | |
Other | 665,513 | 795,818 | |
Total current liabilities | 2,402,521 | 2,853,578 | |
Non-current liabilities | |||
Long-term borrowings | 1,093,332 | 1,036,756 | |
Asset retirement obligations | 241,030 | 299,585 | |
Other | 27,332 | 18,861 | |
Total non-current liabilities | 1,361,696 | 1,355,203 | |
Total liabilities | 3,764,217 | 4,208,782 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 786,345 | 790,287 | |
Capital surplus | 1,038,473 | 1,042,415 | |
Retained earnings | 1,304,314 | 2,067,637 | |
Treasury shares | △88 | △229 | |
Total shareholders' equity | 3,129,044 | 3,900,110 | |
Accumulated other comprehensive income | |||
Foreign currency translation adjustment | △21,154 | △1,216 | |
Total accumulated other comprehensive income | △21,154 | △1,216 | |
Total net assets | 3,107,890 | 3,898,893 | |
Total liabilities and net assets | 6,872,108 | 8,107,675 |
4
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen) | ||
Nine months ended | Nine months ended | |
July 31, 2020 | July 31, 2021 | |
Net sales | 7,972,451 | 9,759,794 |
Cost of sales | 2,352,750 | 2,696,561 |
Gross profit | 5,619,700 | 7,063,233 |
Selling, general and administrative expenses | 5,314,436 | 6,403,170 |
Operating profit | 305,263 | 660,063 |
Non-operating income
Interest income
Commission income
Foreign exchange gains
Subsidy income
Compensation income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Prepayment fee
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on liquidation of subsidiaries Gain on insurance claims
Other
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets Loss on sales of non-current assets Loss on temporary closing of stores Other
6,308 | 6,219 |
13,875 | 18,846 |
- | 1,654 |
33,906 | 455,969 |
- | 80,000 |
4,315 | 41,958 |
58,405 | 604,649 |
1,785 | 3,545 |
1,150 | - |
40 | 680 |
2,976 | 4,226 |
360,693 | 1,260,486 |
10,771 | - |
9,331 | - |
1,829 | - |
21,932 | - |
4,982 | 7,081 |
17,576 | - |
6,374 | - |
255 | - |
Total extraordinary losses | 29,188 | 7,081 |
Profit before income taxes | 353,438 | 1,253,404 |
Income taxes | 171,161 | 390,731 |
Profit | 182,276 | 862,673 |
Profit attributable to owners of parent | 182,276 | 862,673 |
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GIFT inc. published this content on 14 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2021 06:11:01 UTC.