Gurunavi : Supplementary materials on the results for 2Q FY2022
November 02, 2022 at 02:20 am
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INVESTOR PRESENTATION
Financial Results for the First Half of the Fiscal Year 2022
Gurunavi, Inc.(Stock Code : 2440)
Preface -Status of restaurants -
The seventh wave of the COVID-19 pandemic impacted profits at restaurants in July and August, but restaurants saw recovery in September
■ Business status 100%
Suspension
Shortened business hours
As usual
13%
7%
16%
6%
9%
7%
20%
30%
28%
80%
63%
67%
75%
75%
69%
74%
76%
76%
76%
73%
75%
70%
60%
64%
67%
69%
83%
67%
40%
61%
65%
20%
21%
31%
15%
27%
27%
25%
23%
30%
24%
22%
22%
23%
25%
24%
28%
14%
9%
7%
10%
0%
1%
2%
2%
2%
2%
2%
2%
2%
2%
2%
Apr.
May Jun.
Jul. Aug.
Sep. Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
Jun.
Jul.
Aug.
Sep.
Oct.
FY2021
FY2022
(in Tokyo)
State of emergency
Pre-emergency measures
■ Profit and loss
100%
Percentage of restaurants expected to be breakeven
Percentage of restaurants expected to make a profit
outlook
80%
60%
40%
42%
33%
17%
33%
25%
29%
22%
26%
16%
14%
13%
8%
20%
9%
11%
5%
5%
5%
25%
4%
24%
31%
25%
31%
27%
6%
21%
21%
19%
19%
23%
20%
11%
14%
14%
14%
0%
8%
12%
12%
Apr.
May
Jun.
Jul.
Aug. Sep.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
Jun.
Jul.
Aug.
Sep.
Oct.
FY2021
FY2022
Based on web survey for member restaurants
2
Summary
Steady progress to return to profitability in Q4
Half-year results
Losses were smaller than revised forecast (announced in August)
Sales higher than expected
Thorough cost control by prioritizing focus areas
Full-year forecasts
No revision to full-year forecast (see p.11 for details)
Expect steady recovery of restaurant promotion services but the previous forecast remains unchanged due to delay in establishing sales of new services and other factors
3
Financial Highlights
Losses narrowed due to review the allocation of management resources, despite the decrease in sales
Decrease in total paying member restaurants, mainly due to the close of delivery and take-out service on July 24
However, the number of Rakuten ID connected members (Gurunavi's user base) increased despite the seventh wave of the COVID-19 pandemic; users increased by 1.36 million to over 6.2 million
1H (Apr.-Sep.)
FY2021
FY2022
Net sales
JPY
6,105 million
JPY 5,865 million
Operating loss
JPY
(2,170)
million
JPY
(1,609)
million
Net loss attributable to owners of parent
JPY
(2,240)
million
JPY
(1,405)
million
Number of total paying member restaurants
61,107
46,222
(At the end of September 2022)
Number of Rakuten ID connected members
4.85
million
6.21
million
(At the end of September 2022)
4
Consolidated income statement
(JPY million)
1H FY2021
Ratio to
1H FY2022
Ratio to
YoY
(Apr.-Sep.)
sales
(Apr.-Sep.)
sales
Change
Net sales
6,105
100.0%
5,865
100.0%
(3.9)%
Cost of sales
2,450
40.1%
2,493
42.5%
1.8%
Gross profit
3,654
59.9%
3,371
57.5%
(7.7)%
SG&A expenses
5,824
95.4%
4,980
84.9%
(14.5)%
Operating loss
(2,170)
-
(1,609)
-
-
Ordinary loss
(2,176)
-
(1,565)
-
-
Net loss before income taxes
(2,230)
-
(1,390)
-
-
Net loss attributable to owners of parent
(2,240)
-
(1,405)
-
-
5
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Gurunavi Inc. published this content on 02 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2022 06:19:36 UTC.
Gurunavi, Inc. is an Internet search service provider. The Company provides promotion services of various restaurant information to users through personal computers, mobile phones and smart phones by the operation of Website for restaurant information under the name Gurunavi. It also engages in development of products and sales promotion support services for food producers and food manufacturers. The related business operates a virtual shopping district to sells food on the Internet, delivery site, wedding information site, local information site, Tokyo odekake information site, tourist information site, among others.