Golf Digest Online : Results Briefing for the Fiscal Year Ended December 31, 2022(2 MB)
February 13, 2023
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Results Briefing for the Fiscal Year Ended December 31, 2022
Golf Digest Online Inc.
February 14, 2023
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.
Although falling short of the revised guidance, the Japanese domestic business was able to adjust spending to meet expectations in profitability and the overseas segment continued to grow strongly. In total the GDO group recorded strong double-digit growth on revenue and EBITDA and hit historic highs for both numbers.
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U.S. GOLFTEC's center-opening strategy and acquisition of the SkyTrak business in August 2022 propelled sharp growth in the Overseas Segment. The Domestic Segment achieved steady growth, surpassing the strong performance of the previous year Recorded SG&A expenses of 340 million yen as one-time expenses related to the acquisition of the SkyTrak business and onetime expenses in connection with the transfer of the business to U.S. GOLFTEC
In terms of non-operating expenses, recorded 400 million yen in financing expenses and incurred a foreign exchange loss of 890 million yen. In February 2022, U.S. GOLFTEC recorded an extraordinary gain of 860 million yen due to a gain on debt forgiveness
Net Sales
EBITDA
46.09billion yen
4.04billion yen
Operating Profit
Profit attributable to
owners of parent
1.18billion yen
YoY +8.37 billion yen
YoY +0.45 billion yen
0.33billion yen
YoY ‐0.51 billion yen
+22.2％
+12.6％
YoY -0.69 billion yen
‐30.3％
-67.2％
※Effective from the fiscal year ending December 31, 2022, the GDO Group applies Accounting Standard for Revenue Recognition, etc. Figures for FY2021 have
Golf Digest Online Inc. published this content on 14 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2023 07:39:04 UTC.
Golf Digest Online Inc. is a Japan-based company mainly engaged in the provision of golf-related services. The Company operates in two regional segments. The Domestic segment is engaged in the online sale of golf equipment (new and used), the provision of golf course reservation services, golf media services and golf lesson services. The Overseas segment is engaged in the provision of golf lesson services, the import and sale of golf-related products, as well as the provision of golf course reservation services overseas.
GOLF DIGEST ONLINE INC. 
