Gumi : Summary of Consolidated Financial Results for the Year Ended April 30, 2021

		Summary of Consolidated Financial Results
		for the Year Ended	April 30, 2021
		(Based on Japanese GAAP)
					June 11, 2021
Company Name:	gumi Inc.		Stock exchange listing:	Tokyo
Stock code:	3903	URL		https:// gu3.co.jp/
Representative:	Title	CEO	Name	Hiroyuki Kawamoto
Inquiries:	Title	CFO	Name	Makoto Motoyoshi	(TEL) 03 (5358) 5322
Scheduled date of ordinary general meeting of shareholders:		July 28 2021
Scheduled date to file Securities Report:		July 28 2021
Scheduled date to commence dividend payments		July 29 2021
Preparation of supplementary material on financial results:	Yes
Holding of quarterly financial results meeting:	Yes

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended April 30, 2021 (from May, 2020 to April 30, 2021)

(1) Consolidated operating results (cumulative)				(Percentages indicateyear-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		%
Year ended April 30, 2021	18,628		△6.0	1,514	△32.0	6,071		185.7	1,835		4.4
Year ended April 30, 2020	19,827		△6.7	2,225	－	2,124		－	1,757		－

Note. Comprehensive income: FYE April 30, 2021: 2,044 millions of yen (54.7 %) FYE April 30, 2020: 1,321 millins of yen (- %)

		Diluted earnings per	Profit attributable to	Ordinary profit/ total	Operating profit/ net
	Earnigs per share	owners of
	share	assets	sales
		parent/equity
	Yen	Yen	％	％	％
As of April 30, 2021	60.73	59.73	12.1	27.0	8.1
As of April 30, 2020	58.32	57.66	13.1	10.3	11.2

(2) Consolidatd financial position

	Total assets		Net assets	Equity ratio	Net assets per share
	Millions	of yen	Millions of yen	％	Yen
As of April 30, 2021		25,012	17,190	64.7	535.17
As of April 30, 2020		20,006	15,169	71.1	470.93

（Reference） Equity capital :

FYE April 30, 2021

16,189 millions of yen

FYE April 30, 2020

14,217 millions of yen

(3) Consolidated cash flows

Cash flows from operating

Cash flows from investing

Cash flows from financing

Cash and cash equivalents

activities

activities

activities

at end of period

Millions of

yen

Millions

of yen

Millions of

yen

Millions of yen

Year ended April 30, 2021

2,805

△2,155

1,919

8,492

Year ended April 30, 2020

2,657

△3,607

△3,037

5,833

2. Cash dividends

Annual dividends per share

Total cash

Dividend payout

Ratio of dividends

dividends (Total)

ratio

to net assets

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-

Total

end

(consolidated)

（Consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

％

％

FYE April 30, 2020

－

0.

00

－

5.

00

5.

00

150

8.6

1.1

FYE April 30, 2021

－

0.

00

－

5.

00

5.

00

151

8.2

1.0

FYE April 30, 2022

－

－

－

－

(Forecast)

Notes: 1. It is undetermined for the dividends in FYE April 30, 2021

3. Forecast of consolidated financial results FYE April 30, 2021 (May 1, 2020 to April 30, 2021)

Due to volatility of our business environmental changes, it is difficult to calculate and predict our accurate financial results. Therefore, we do not publish forecast of our business.

※ Notes
(1) Changes in significant subsidiaries during the Year eneded April 30, 2020		：No
(changes in specified subsidiaries with the change in the scope of consolidation)
(2) Applications of special accounting methods for preparing quarterly consolidated financial reports.	：No
(3) Changes in accounting policies, changes in accounting estimates and restatements
1)	Changes in accounting policies due to the revision of accounting standards	：Not applicable
2)	Changes in accounting policies other than 1)	：Not applicable
3)	Changes in accounting estimates	：Not applicable
4)	Restatements	：Not applicable

1. Total number of issued shares (Common stock)
2. 1. Total number of issued shares at the end of the period (including treasury shares)
   2. Total number of treasury shares at the end of the period
   3. Average number of shares during the period (cumulative)

As of April 30, 2021	31,231,900	As of April 30, 2020	31,169,400
shares	shares
As of April 30, 2021	980,039	As of April 30, 2020	980,000
shares	shares
As of April 30, 2021	30,227,710	As of April 30, 2020	30,133,166
shares	shares

Reference: Non-consolidated financial summary

1. Non-consolidated financial results for the year ended April 30, 2021 (from May, 2020 to April 30, 2021)

(1) Non-consolidated operating results (cumulative)

(Percentages indicateyear-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

%

Year ended April 30, 2021

18,493

△6.7

925

△55.1

810

△60.5

△2,100

－

Year ended April 30, 2020

19,823

△6.6

2,062

－

2,051

－

2,407

－

Earnigs per share

Diluted earnings per

share

Yen

Yen

As of April 30, 2021

△69.49

－

As of April 30, 2020

58.32

57.66

(2) Non-consolidatd financial position

Total assets

Net assets

Equity ratio

Net assets per share

Millions

of yen

Millions

of yen

％

Yen

As of April 30, 2021

21,550

13,038

59.0

420.53

As of April 30, 2020

20,985

15,156

71.1

494.35

（Reference） Equity capital :

FYE April 30, 2021 12,721 millions of yen

FYE April 30, 2020

14,924 millions of yen

• These financial results are outside the scope of annual review by certified public accountants and audit firms.
• Explanation for the appropriate use of performance forecast and other special notes:

(Cautionary note on forward-looking statements)

The statements regarding forecast of financial results in this report are based on the information that is available to the Company, as well as certain assumptions that are deemed to be reasonable by management, and they are not meant to be a commitment by the Company. Thereore, there might be cases in which actual results differ materially from forecast values due to various factors.

Consolidated financial statements

Consolidated balance sheets

		(Thousands of yen)
	As of April 30, 2020	As of April 30, 2021
Assets
Current assets
Cash and deposits	5,833,436	8,492,510
Accounts receivable - trade	2,968,001	1,812,179
Other current asset	823,199	3,280,228
Total current assets	9,624,636	13,584,917
Non-current assets
Property, plant and equipment	199,287	135,385
Intangible assets
Software	1,307,111	493,142
Software in progress	2,705,946	3,405,522
Other intangible assets	122,659	73,855
Total intangible assets
4,135,718	3,972,519
Investment and other assets	0	0
Investment securities	2,233,623	1,823,758
Other investments	3,813,698	5,495,709
Total investment and other assets	6,047,321	7,319,469
Total non-current assets	10,382,327	11,427,375
Total assets	20,006,964	25,012,295
		(Thousands of yen)
	As of April 30, 2020	As of April 30, 2021
Liabilities
Current liabilities
Accounts payable - trade	552,020	542,982
Current portion of long-term borrowings	2,042,292	1,999,734
Income taxes payable	221,799	763,577
Provision for bonuses	67,786	100,239
Other current liabilities	1,394,565	1,169,474
Total current liabilities	4,278,464	4,576,010
Non-current liabilities
Long-term borrowings	416,670	2,500,404
Asset retirement oblitation	137,158	114,145
Other non-current liabilities	4,778	631,297
Total non-current liabilities	558,607	3,245,846
Total liabilities	4,837,071	7,821,857
		0
Net assets		0
Shareholders' equity		0
Share capital	9,377,841	9,399,470
Capital surplus	3,385,620	3,407,249
Retained earnings	2,652,130	4,336,840
Treasury shares	(1,058,400)	(1,058,438)
Total shareholders' equity	14,357,192	16,085,121
Accumulated other comprehensive income	0	0
Valuation difference on available-for-sale securities	22,020	74,790
Foreign currency translation adjustment	(162,184)	29,978
Total accumulated other comprehensive income	(140,164)	104,769
Share acquisition rights	232,578	316,551

Non-controlling interests	720,286	683,995
Total net assets	15,169,892	17,190,437
Total liabilities and net assets	20,006,964	25,012,295

Consolidated statements of income and consolidated statements of comprehensive income

Consolidated statements of income

		(Thousands of yen)
	Twelve months ended	Twelve months ended
	April 30, 2021	April 30, 2021
Net sales	19,827,695	18,628,710
Cost of Sales	13,399,354	13,633,170
Gross profit	6,428,340	4,995,540
Selling, general and admistrative expenses	4,202,938	3,481,241
Opearting profit	2,225,402	1,514,299
Non-opearting income
Interest and dividend income	2,766	725
Gain on investments in investment partnerships	68,319	203,499
Subsidy income	44,022	3,267
Gain on valuation of Crypto Assets	9,888	1,124,707
Gain on sales of Crypto Assets	0	930,898
Gain on sales of non-current assets	5,441	47,668
Interest on tax refund	3,880	3,425
Share of profit of entities accounted for using equity method	0	2,368,830
Other non-operating incomes	5,743	2,013
Total non-operating income	140,062	4,685,035
Non-operating expenses
Interest expenses	24,557	30,155
Foreign exchange losses	7,304	93,884
Share of loss of entities accounted for using equity method	193,355	0
Loss on investments in investment partnerships	0	0
Loss on valuation of Crypto Assets	0	0
Other non-operating expenses	15,609	4,164
Total non-operating expenses	240,827	128,204
Ordinary profit	2,124,637	6,071,130
Extraordinary income
Gain on sales of investment securities	65,315	0
Gain on reversal of share acquisition rights	11,591	9,398
Gain on change in equity	579	0
Total extraordinary income	77,485	9,398
Extraordinary losses	0	0
Impairement losses	467,122	1,688,647
Loss on valuation of investment securities	399,260	634,653
Loss on valuation of shares of subsidiaries and associates	194,969	0
Business restructuring expenses	188,250	17,127
Other extraordinary expenses	3,736	0
Total extraordinary losses
1,253,340	2,340,429
Profit (loss) before income taxes
948,783	3,740,099
Income taxes - current
20,579	753,221
Income taxes - deffered	(544,216)	1,187,512
Total income taxes
(523,636)	1,940,733
Profit (loss)
1,472,420	1,799,366
Loss attributable to non-controlling interests
(285,035)	(36,290)
Profit (loss) attributable to owner of parent
1,757,456	1,835,657