Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending
September 30, 2022〔Japanese GAAP〕
August 9, 2022 | |||
Company Name: | Kanamic Network Co., Ltd. | Stock Exchange Listing: Tokyo | |
Stock Code: | 3939 | URL: http://www.kanamic.net/ | |
Representative: | Representative Director and President: Takuma Yamamoto | (TEL)03-5798-3955 | |
Contact: | Director, General Manager: Kenya Wakabayashi | ||
Scheduled date to submit quarterly securities report: | Scheduled date to commence dividend payments: | ||
August 10, 2022 | - |
Availability of supplementary briefing material on quarterly financial results: Not available
Quarterly financial results briefing: No
(Figures are rounded down to the nearest million yen)
1. Consolidated Financial Results for the Third Quarter of Fiscal Year ending September 30, 2022 (From October 1, 2021 to June 30, 2022)
(1) Consolidated Operating Results (Cumulative) | (Percentages indicate year-on-year changes from the | |||||||
previous corresponding period) | ||||||||
Net Sales | Operating Profit | Ordinary Profit | Profit attributable to | |||||
owners of parent | ||||||||
Third Quarter ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % |
June 30, 2022 | 1,627 | 4.7 | 624 | -2.0 | 624 | -2.7 | 420 | -5.8 |
June 30, 2021 | 1,555 | 13.9 | 637 | 36.9 | 642 | 32.3 | 445 | 37.3 |
(Reference) Comprehensive | Third Quarter ended June 30, 2022: |
income: | 424 million yen (-5.4%) |
Third Quarter ended June 30, 2021: 448 million yen (38.1%)
Basic profit per share | Basic diluted profit per | |
share | ||
Third Quarter ended | Yen | Yen |
June 30, 2022 | 8.86 | 8.42 |
June 30, 2021 | 9.27 | - |
(2) Consolidated financial position
Total Assets | Net Assets | Shareholders' Equity Ratio | |||||||
Millions of Yen | Millions of Yen | % | |||||||
Third quarter ended | 5,257 | 2,281 | 43.3 | ||||||
June 30, 2022 | |||||||||
Fiscal year ended | 4,395 | 1,959 | 44.5 | ||||||
September 30, 2021 | |||||||||
(Reference) Shareholder's equity: | Third Quarter ended June 30, 2022: | Fiscal year ended September 30, 2021: | |||||||
2,277 million yen | 1,954 million yen | ||||||||
. | |||||||||
2. Dividends | |||||||||
Annual cash dividends per share | |||||||||
First Quarter | Second Quarter | Third Quarter | Fiscal Year End | Total | |||||
End | End | End | |||||||
Fiscal Year ended | Yen | Yen | Yen | Yen | Yen | ||||
- | 0.00 | - | 2.50 | 2.50 | |||||
September 30, 2021 | |||||||||
Fiscal Year ending | - | 0.00 | - | ||||||
September 30, 2022 | |||||||||
Fiscal Year ending | |||||||||
September 30, 2022 | 3.00 | 3.00 | |||||||
(forecast) |
(Note) Revisions in dividend forecast subsequent to most recent announcement: None
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3. Forecast for the consolidated financial results for the fiscal year ending September 30, 2022 (from October 1, 2021 to September 30, 2022)
(% indicates YoY change from the previous corresponding fiscal year or period)
Net Sales | Operating Profit | Ordinary Profit | Profit attributable to | Profit Per Share | |||||
owners of parent | |||||||||
Millions | % | Millions | % | Millions | % | Millions | % | Yen | |
of yen | of yen | of yen | of yen | ||||||
Full Year | 2,350 | 12.9 | 930 | 10.5 | 930 | 12.1 | 640 | 10.4 | 13.50 |
(Note) Changes in consolidated financial results forecasts subsequent to most recent announcement: None
* Notes
(1)Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes in scope of consolidation): Yes
One New Company (Name: Urban Fit Co., Ltd.)
(2)Special accounting methods adopted for the preparation of quarterly consolidated financial statements: None
(3)Changes in accounting policies, changes in accounting estimates and restatements | ||
① | Changes in accounting policies due to the revision of accounting standards: | Yes |
② | Changes in accounting policies other than ① : | Yes |
③ | Changes in accounting estimates: | Yes |
④ | Restatements: | None |
(Note) In Q1 of the current fiscal year the Company changed its depreciation method, and this change qualifies as a "change in accounting policy which is difficult to distinguish from a change in accounting estimates". For details see "2. Quarterly Consolidated Financial Statements and Primary Notes, (3) Notes Regarding the Quarterly Consolidated Financial Statements".
(4)Total number of issued shares (common shares) | |||||
① | Total number of issued shares at | Third quarter | Fiscal Year ended | ||
the end of the period (including | ended June 30, | 48,132,000 Shares | September 30, | 48,132,000 Shares | |
treasury shares): | 2022 | 2021 | |||
Third quarter | Fiscal Year | ||||
② | Total number of treasury shares | ended June 30, | 675,806 Shares | ended | 710,906 Shares |
at the end of the period: | 2022 | September 30, | |||
2021 | |||||
③ | Average number of shares during | Third quarter | Third quarter | ||
the 9 month period (quarter-to- | ended June 30, | 47,441,794 Shares | ended June 30, | 48,130,794 Shares | |
date) | 2022 | 2021 |
- This quarterly financial results report is not subject to quarterly review by a certified public accountant or auditing corporation.
-
Explanation of appropriate use of performance forecasts and other special notes.
The statements regarding forecast of financial results in this report are based on information that is available to the Company, as well as certain assumptions that are deemed to be reasonable, and we make no promise that such statements will prove to be correct. Actual results may differ materially due to a variety of factors.
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1.Quarterly Consolidated Financial Statements and Primary Notes
(1)Quarterly Consolidated Balance Sheet
(Thousands of yen) | |||
As of September 30, 2021 | As of June 30, 2022 | ||
Assets | |||
Current assets | |||
Cash and deposits | 3,710,780 | 3,499,959 | |
Accounts receivable - trade | 85,820 | 119,292 | |
Merchandise | - | 17,287 | |
Work in process | 164 | 14,064 | |
Other | 78,518 | 108,961 | |
Allowance for doubtful accounts | -16,363 | -17,135 | |
Total current assets | 3,858,920 | 3,742,429 | |
Non-current assets | |||
Property, plant and equipment | 79,078 | 631,969 | |
Intangible assets | |||
Software | 363,702 | 457,092 | |
Goodwill | - | 180,594 | |
Other | 76 | 76 | |
Total intangible assets | 363,779 | 637,763 | |
Investments and other assets | |||
Other | 93,759 | 245,346 | |
Allowance for doubtful accounts | -480 | -256 | |
Total investments and other assets | 93,278 | 245,089 | |
Total non-current assets | 536,136 | 1,514,823 | |
Total assets | 4,395,056 | 5,257,253 | |
Liabilities | |||
Current liabilities | |||
Accounts payable - trade | 8,830 | 17,414 | |
Current portion of bonds payable | - | 80,000 | |
Short-term borrowings | - | 10,000 | |
Current portion of long-term borrowings | - | 18,109 | |
Income taxes payable | 152,361 | 89,502 | |
Provision for bonuses | 30,136 | 48,034 | |
Asset retirement obligations | 16,000 | 16,000 | |
Other | 212,504 | 341,174 | |
Total current liabilities | 419,833 | 620,234 | |
Non-current liabilities | |||
Bonds payable | - | 200,000 | |
Bonds with share acquisition rights | 2,003,866 | 2,003,266 | |
Long-term borrowings | - | 71,471 | |
Asset retirement obligations | 11,314 | 61,344 | |
Other | 800 | 19,298 | |
Total non-current liabilities | 2,015,981 | 2,355,380 | |
Total liabilities | 2,435,814 | 2,975,615 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 192,060 | 192,060 | |
Capital surplus | 132,060 | 132,060 | |
Retained earnings | 2,065,807 | 2,362,524 | |
Treasury shares | -436,943 | -415,370 | |
Total shareholders' equity | 1,952,983 | 2,271,274 | |
Accumulated other comprehensive income | |||
Foreign currency translation adjustment | 1,795 | 5,899 | |
Total accumulated other comprehensive income | 1,795 | 5,899 | |
Share acquisition rights | 4,464 | 4,464 | |
Total net assets | 1,959,242 | 2,281,637 | |
Total liabilities and net assets | 4,395,056 | 5,257,253 | |
- 3 | - |
(2)Quarterly Consolidated Statement of Income and Comprehensive Income
(Quarterly Consolidated Statement of Income)
(Nine months ended
June 30, 2022)
(Thousands of yen) | |||
Nine months ended | Nine months ended | ||
June 30, 2021 | June 30, 2022 | ||
Net sales | 1,555,348 | 1,627,903 | |
Cost of sales | 229,195 | 205,633 | |
Gross profit | 1,326,153 | 1,422,269 | |
Selling, general and administrative expenses | 688,477 | 797,292 | |
Operating profit | 637,676 | 624,977 | |
Non-operating income | |||
Interest income | 50 | 109 | |
Interest on securities | - | 599 | |
Foreign exchange gains | 2,430 | - | |
Subsidy income | 1,599 | - | |
Miscellaneous income | 583 | 670 | |
Total non-operating income | 4,662 | 1,379 | |
Non-operating expenses | |||
Foreign exchange losses | - | 1,475 | |
Miscellaneous losses | 185 | 71 | |
Total non-operating expenses | 185 | 1,547 | |
Ordinary profit | 642,153 | 624,809 | |
Extraordinary income | |||
Gain on sale of non-current assets | 596 | - | |
Total extraordinary income | 596 | - | |
Profit before income taxes | 642,749 | 624,809 | |
Income taxes - current | 195,724 | 207,537 | |
Income taxes - deferred | 1,039 | -2,969 | |
Total income taxes | 196,763 | 204,567 | |
Profit | 445,985 | 420,241 | |
Profit attributable to owners of parent | 445,985 | 420,241 |
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(Quarterly Consolidated Statement of Comprehensive Income)
(Nine months ended
June 30, 2022)
(Thousands of yen) | |||
Nine months ended | Nine months ended | ||
June 30, 2021 | June 30, 2022 | ||
Profit | 445,985 | 420,241 | |
Other comprehensive income | |||
Foreign currency translation adjustment | 2,426 | 4,104 | |
Total other comprehensive income | 2,426 | 4,104 | |
Comprehensive income | 448,411 | 424,345 | |
Comprehensive income attributable to | |||
Comprehensive income attributable to owners of parent | 448,411 | 424,345 | |
Comprehensive income attributable to non-controlling | - | - | |
interests | |||
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Kanamic Network Co. Ltd. published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 09:35:01 UTC.