Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results
for the Year Ended December 31, 2021
(Based on Japanese GAAP)
February 14, 2022 | ||||||||||
Company name: | Mynet Inc. | |||||||||
Stock exchange listing: | Tokyo | |||||||||
Stock code: | 3928 | URL https://mynet.co.jp/ | ||||||||
Representative: | President and CEO | Jin Uehara | ||||||||
Inquiries: | Director | Takao Koide | TEL 03-6864-4261 | |||||||
Scheduled date of ordinary general meeting of shareholders: | March 29, 2022 | |||||||||
Scheduled date to file Securities Report: | March 30, 2022 | |||||||||
Scheduled date to commence dividend payments: | March 30, 2022 | |||||||||
Preparation of supplementary material on financial results: | Yes | |||||||||
Holding of financial results meeting: | Yes | (for institutional investors and analysts) | ||||||||
(Amounts less than one million yen are rounded down) | ||||||||||
1. Consolidated financial results for the year ended December 31, 2021 (from January 1, 2021 to December 31, 2021) | ||||||||||
(1) Consolidated operating results | Percentages indicate year-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 December 31, 2021 | 10,571 | (8.3) | 577 | (49.1) | 546 | (51.1) | 229 | (79.7) | ||
Year ended December 31, 2020 | 11,533 | (1.0) | 1,135 | - | 1,116 | - | 1,129 | - | ||
Note: Comprehensive income Year ended December 31, 2021 | ¥236 million | [(79.1)%] | ||||||||
Year ended December 31, 2020 | ¥1,128 million | [-%] | ||||||||
Earnings per share | Diluted earnings per | Profit attributable to Ordinary profit/total Operating profit/net | ||||||||
share | owners of | assets | sales | |||||||
parent/equity | ||||||||||
Yen | Yen | % | % | % | ||||||
Year ended December 31, 2021 | 26.50 | 26.45 | 8.6 | 10.1 | 5.5 | |||||
Year ended December 31, 2020 | 131.34 | 130.69 | 58.5 | 22.2 | 9.8 | |||||
Reference: Share of profit (loss) of entities accounted for using equity method | ||||||||||
Year ended December 31, 2021 | ¥ - million | |||||||||
Year ended December 31, 2020 | ¥ - million | |||||||||
(2) Consolidated financial position | ||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | |||||||
Millions of yen | Millions of yen | % | Yen | |||||||
As of December 31, 2021 | 5,814 | 2,817 | 48.3 | 324.15 | ||||||
As of December 31, 2020 | 5,049 | 2,518 | 49.6 | 290.73 | ||||||
Reference: Equity | As of December 31, 2021 | ¥2,806 million | ||||||||
As of December 31, 2020 | ¥2,504 million | |||||||||
(3) Consolidated cash flows | Cash flows from | Cash flows from | Cash flows from | Cash and cash equivalents | ||||||
operating activities | investing activities | financing activities | at end of period | |||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | |||||||
Year ended December 31, 2021 | 527 | (14) | 210 | 3,478 | ||||||
Year ended December 31, 2020 | 1,848 | (178) | (1,107) | 2,755 |
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2. Cash dividends
Annual dividends per share | Total cash | Dividend payout | Ratio of dividends | |||||
ratio | to net assets | |||||||
dividends (Total) | ||||||||
(Consolidated) | (Consolidated) | |||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | ||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |
Year ended December 31, 2020 | - | 0.00 | - | 0.00 | 0.00 | - | - | - |
Year ended December 31, 2021 | - | 0.00 | - | 6.00 | 6.00 | 52 | 22.6 | 2.0 |
Year ending December 31, 2022 | - | 6.00 | - | 6.00 | 12.00 | 86.5 | ||
(Forecast) | ||||||||
3. Forecast of consolidated financial results for the year ending December 31, 2022 (from January 1, 2022 to December 31, 2022)
Percentages indicate year-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 | % | |
Full year | 11,000 | 4.1 | 200 | (65.4) | 175 | (68.0) | 120 | (47.7) |
Note: The Company has not prepared the consolidated financial results forecast for the first half of the fiscal year ending December 31, 2022.
4. Notes
(1) Changes in significant subsidiaries during the year ended December 31, 2021 | Yes |
(changes in specified subsidiaries resulting in the change in scope of consolidation): | |
Newly included: 1 company SHIGA LAKESTARS inc. | |
Excluded: 1 company MYLOOPS inc. | |
(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements | |
Changes in accounting policies due to revisions to accounting standards and other regulations: | No |
Changes in accounting policies due to other reasons: | No |
Changes in accounting estimates: | No |
Restatement of prior period financial statements: | No |
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2021 | 8,698,760 | shares | As of December 31, 2020 | 8,614,600 | shares | |
Number of treasury shares at the end of the period | ||||||
As of December 31, 2021 | 23,480 | shares | As of December 31, 2020 | 5,230 | shares | |
Average number of shares during the period | ||||||
Year ended December 31, 2021 | 8,651,699 | shares | Year ended December 31, 2020 | 8,602,427 | shares |
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(Reference) Overview of non-consolidated financial results | |||||||||||||
1. Non-consolidated financial results for the year ended December 31, 2021 (from January 1, 2021 to December 31, 2021) | |||||||||||||
(1) Non-consolidated operating results | (Percentages indicate year-on-year changes) | ||||||||||||
Net Sales | Operating profit | Ordinary profit | Profit | ||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||
Year Ended December 31, 2021 | 1,815 | (13.0) | (78) | - | 339 | - | 337 | - | |||||
Year Ended December 31, 2020 | 2,087 | (7.7) | 107 | 88.3 | 15 | - | (46) | - | |||||
Earnings per share | Diluted earnings per share | ||||||||||||
Yen | Yen | ||||||||||||
Year Ended December 31, 2021 | 38.96 | 38.88 | |||||||||||
Year Ended December 31, 2020 | (5.36) | - | |||||||||||
(2) Non-consolidated financial position | |||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||
Millions of yen | Millions of yen | % | Yen | ||||||||||
As of December 31, 2021 | 4,941 | 1,782 | 35.8 | 204.75 | |||||||||
As of December 31, 2020 | 4,576 | 1,375 | 29.7 | 157.89 | |||||||||
Reference: Equity | As of December 31, 2021 | ¥1,770 million | |||||||||||
As of December 31, 2020 | ¥1,360 million |
- Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
- Proper use of forecasts of financial results, and other special matters
The forward-looking statements, including the financial forecasts shown in this document are based on information currently available to the Company and on certain assumptions deemed to be reasonable. As such, they do not constitute guarantees by the Company of future performance. Actual performance and other results may differ materially from these forecasts due to various factors.
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Consolidated financial statements
Consolidated balance sheets
(Thousands of yen) | |||
As of December 31, 2020 | As of December 31, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 2,755,830 | 3,500,153 | |
Accounts receivable - trade | 1,165,013 | 1,063,202 | |
Accounts receivable - other | 27 | 38,825 | |
Income taxes receivable | 6,825 | 146,187 | |
Other | 190,547 | 252,594 | |
Allowance for doubtful accounts | - | (9,585) | |
Total current assets | 4,118,243 | 4,991,377 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures | 44,200 | 54,909 | |
Accumulated depreciation | (13,397) | (12,269) | |
Buildings and structures, net | 30,803 | 42,639 | |
Tools, furniture and fixtures | 109,915 | 87,478 | |
Accumulated depreciation | (78,782) | (61,173) | |
Tools, furniture and fixtures, net | 31,132 | 26,304 | |
Other | - | 43,631 | |
Accumulated depreciation | - | (38,189) | |
Other, net | - | 5,442 | |
Total property, plant and equipment | 61,935 | 74,387 | |
Intangible assets | |||
Goodwill | 125,817 | 222,933 | |
Other | 30,334 | 26,314 | |
Total intangible assets | 156,152 | 249,248 | |
Investments and other assets | |||
Investment securities | 152,919 | 182,291 | |
Leasehold deposits | 171,447 | 113,891 | |
Long-term prepaid expenses | 107,400 | 76,845 | |
Deferred tax assets | 281,203 | 125,814 | |
Other | 564 | 708 | |
Total investments and other assets | 713,534 | 499,551 | |
Total non-current assets | 931,623 | 823,186 | |
Total assets | 5,049,867 | 5,814,564 | |
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(Thousands of yen) | |||
As of December 31, 2020 | As of December 31, 2021 | ||
Liabilities | |||
Current liabilities | |||
Accounts payable - trade | 278,084 | 255,287 | |
Accounts payable - other | 321,861 | 239,077 | |
Advances received | 86,448 | 334,447 | |
Current portion of long-term borrowings | 100,000 | 161,048 | |
Current portion of bonds payable | 638,750 | 400,000 | |
Income taxes payable | 50,230 | 84,746 | |
Other | 300,572 | 167,819 | |
Total current liabilities | 1,775,946 | 1,642,426 | |
Non-current liabilities | |||
Long-term borrowings | 50,000 | 543,199 | |
Bonds payable | 700,000 | 800,000 | |
Asset retirement obligations | 5,193 | 10,962 | |
Total non-current liabilities | 755,193 | 1,354,161 | |
Total liabilities | 2,531,140 | 2,996,587 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 3,076,557 | 46,483 | |
Capital surplus | 3,057,113 | 1,387,290 | |
Retained earnings | (3,629,198) | 1,372,940 | |
Treasury shares | (353) | (353) | |
Total shareholders' equity | 2,504,119 | 2,806,360 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | (1,107) | 5,740 | |
Total accumulated other comprehensive income | (1,107) | 5,740 | |
Share acquisition rights | 15,715 | 5,875 | |
Total net assets | 2,518,726 | 2,817,977 | |
Total liabilities and net assets | 5,049,867 | 5,814,564 | |
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Mynet Inc. published this content on 22 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2022 06:30:06 UTC.