Golf Digest Online : Financial Results Briefing Material for the Third Quarter Ended September 30, 2022(2 MB)

Results Briefing for the Third Quarter Ended September 30, 2022

Golf Digest Online Inc.

Disclaimer

• This results briefing may contain forecasts for the GDO Group's future business results.
  Readers are cautioned that actual business results may differ from these forecasts due to a variety of elements, including latent risks and uncertainties. For more information on factors that may impact our business results, please refer to the Business Risks section in our Securities Report. However, please note that elements that may impact our business results are not limited to those included in the Business Risks section.
• Effective from the fiscal year ending December 31, 2022, the GDO Group applies Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, hereinafter referred to as Accounting Standard for Revenue Recognition, etc.). Unless otherwise stated, comparative amounts for the previous fiscal year in this briefing have been calculated on the assumption that this accounting standard had been applied.
• Readers are asked to refrain from the unauthorized reproduction of this briefing or any data therein.

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INDEX

1. Review of the January-September Period
2. GDO Group Initiatives for the January-September Period in FY2022
3. (Reference material)

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01CHAPTER

Review of the January-September Period

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Executive Summary of the January-September Period

Double-Digit Growth for Net Sales and EBITDA as Both Hit Record Highs

▶	The Overseas Segment achieved rapid growth by steadily capturing robust demand in the U.S. The Domestic
	Segment also realized solid growth that surpassed the strong performance of the previous year
▶	One-time expenses related to the acquisition of SkyTrak business and one-time expenses related to the transfer to
	U.S. GOLFTEC were recorded as SG&A expenses of 280 million yen in Q3.
▶	In February 2022, U.S. GOLFTEC recorded an extraordinary gain of 843 million yen due to a gain on debt forgiveness

Net Sales		EBITDA
33.20billion yen		2.82billion yen
Operating Profit		Profit attributable to
					owners of parent
				0.92billion yen
YoY +5.39 billion yen		YoY +0.27 billion yen			1.44billion yen
		YoY -0.28 billion yen		YoY +0.65 billion yen
+19.4%		+17.0%		-23.5%
			+82.8%

	※Effective from the fiscal year ending December 31, 2022, the GDO Group applies Accounting Standard for Revenue Recognition, etc.
© Golf Digest Online Inc.	Figures for FY2021 have been calculated on the assumption that this accounting standard had been applied.	5