FY 2023.3 2Q (Apr.2022~Sep.2022) Outline of Financial Results
Nanjing Jiangning Golden Eagle
(Nanjing, Jiangsu, China)
July 8, 2022 Open!
Roseville | South Hill |
(Roseville, California, USA) | (Puyallup, Washington, USA) |
August 6, 2022 Open! | August 13, 2022 Open! |
Analysis of consolidated operating results
Apr. 2022~Sep.2022 Actual [In comparison with FY 2020.3 (before COVID-19)]
(Unit ¥bn) ※Figures below ¥10 million are truncated. Percentage is rounded off to one decimal place.
Unit | FY 2020.3 Actual | FY 2023.3 Actual | Dif.(%) | |||||||
(2019.4~2019.9) | (2022.4~2022.9) | |||||||||
Total at the end of the term ① | Store | 137 | 152 | +10.9 | ||||||
Bowling | 12.05 | 11.88 | (1.4) | |||||||
Amusement | 27.08 | 41.12 | +51.9 | |||||||
Karaoke, Food | 5.66 | 6.00 | +6.0 | |||||||
Spo-cha | 6.81 | 6.91 | +1.6 | |||||||
Cre-cha | ― | 0.12 | ― | |||||||
Others | 1.58 | 1.42 | (10.0) | |||||||
Total sales | 53.18 | 67.48 | +26.9 | |||||||
Cost of sales | 45.69 | 58.43 | +27.9 | |||||||
P/L | Gross profit | 7.49 | 9.05 | +20.8 | ||||||
S.G.A. expenses | 1.68 | 2.12 | +26.4 | |||||||
Operating profit | 5.81 | 6.92 | +19.2 | |||||||
Non-operating income & | (0.11) | 0.18 | ― | |||||||
expenses | ||||||||||
Ordinary profit ② | 5.70 | 7.11 | +24.8 | |||||||
Ordinary profit margin | 10.7% | 10.5% | ― | |||||||
Extraordinary income & loss ③ | (0.29) | (0.03) | ― | |||||||
Profit before income taxes | 5.40 | 7.08 | +31.1 | |||||||
Income taxes | 1.69 | 1.84 | +8.5 | |||||||
Profit | 3.70 | 5.24 | +41.4 | |||||||
-1-
- [Number of stores]
Japan:99 stores (1 store opened, 5 stores closed) The USA : 49 stores (17 stores opened, 2 stores closed) China : 4 stores (4 stores opened)
- [Ordinary profit] ※1
FY 2020.3 2nd Q Actual | Ordinary profit | ¥5.70bn | ||
◆Japan Ordinary profit & loss | ¥(2.70)bn | |||
[Breakdown] Increase in Promotion exp. | ¥(1.76)bn | |||
(Amusement prize exp., etc.) | ||||
Increase in Lease Fee for amusement | ¥(0.99)bn | |||
machines | ||||
Decrease in Sales | ¥(0.81)bn | |||
Increase in Utility exp. | ¥(0.59)bn | |||
Decrease in Advertising exp. | +¥0.51bn | |||
Decrease in Purchases | +¥0.33bn | |||
Decrease in Communication exp. | +¥0.24bn | |||
Decrease in Other exp. | +¥0.37bn | |||
◆The USA Ordinary Profit & loss ※2 | +¥4.71bn | |||
◆China and Other | ¥(0.60)bn | |||
FY 2023.3 2nd Q Actual | Ordinary profit | ¥7.11bn | ||
※1 Ordinary profit is compared excluding royalty.
FY 2020.3 2nd Q Actual … Japan ¥5.15bn, The USA ¥0.56bn FY 2023.3 2nd Q Actual … Japan ¥2.45bn, The USA ¥5.27bn
Ordinary profit including royalty is below.
FY 2020.3 2nd Q Actual … Japan ¥5.26bn, The USA ¥0.45bn FY 2023.3 2nd Q Actual … Japan ¥3.67bn, The USA ¥4.05bn
※2 Profit & loss in comparison per a store
FY 2020.3 2nd Q Actual (Operating months : 195) Sales ¥0.29bn, Gross profit ¥0.03bn
FY 2023.3 2nd Q Actual (Operating months : 281) Sales ¥0.52bn, Gross profit ¥0.13bn
- [Extraordinary income & loss breakdown]
FY 2020.3 2nd Q Actual Extraordinary income & loss ¥(0.29)bn
・ Loss on retirement of non-current assets, etc. | ¥(0.29)bn |
FY 2023.3 2nd Q Actual Extraordinary income & loss ¥(0.03)bn
・ Gain on reversal of share acquisition rights | +¥0.08bn |
・ Loss on retirement of non-current assets, etc. | ¥(0.11)bn |
Analysis of consolidated operating results
Apr. 2022~Sep. 2022 Actual [with Plan]
(Unit ¥bn) ※Figures below ¥10 million are truncated. Percentage is rounded off to one decimal place.
Unit | FY 2023.3 Plan | FY 2023.3 Actual | Dif.(%) | |||||
(2022.4~2022.9) | (2022.4~2022.9) | |||||||
Total at the end of the term | Store | 152 | 152 | ― | ||||
Bowling | 11.79 | 11.88 | +0.8 | |||||
Amusement | 38.64 | 41.12 | +6.4 | |||||
Karaoke, Food | 5.73 | 6.00 | +4.7 | |||||
Spo-cha | 7.03 | 6.91 | (1.7) | |||||
Cre-cha | 0.14 | 0.12 | (15.7) | |||||
Others | 1.39 | 1.42 | +1.9 | |||||
Total sales | 64.76 | 67.48 | +4.2 | |||||
Cost of sales | 55.95 | 58.43 | +4.4 | |||||
P/L | Gross profit | 8.80 | 9.05 | +2.9 | ||||
S.G.A. expenses | 2.15 | 2.12 | (1.5) | |||||
Operating profit | 6.64 | 6.92 | +4.3 | |||||
Non-operating income & | 0.04 | 0.18 | +323.2 | |||||
expenses | ||||||||
Ordinary profit ① | 6.68 | 7.11 | +6.4 | |||||
Ordinary profit margin | 10.3% | 10.5% | ― | |||||
Extraordinary income & loss ② | (0.05) | (0.03) | ― | |||||
Profit before income taxes | 6.63 | 7.08 | +6.8 | |||||
Income taxes | 1.77 | 1.84 | +4.1 | |||||
Profit | 4.86 | 5.24 | +7.8 | |||||
- [Ordinary profit] ※1
FY 2023.3 2nd Q Plan | Ordinary profit | ¥6.68bn | ||
◆Japan Ordinary profit & loss | ¥(0.81)bn | |||
[Breakdown] | Increase in Promotion exp. | ¥(0.19)bn | ||
(Amusement prize exp., etc.) | ||||
Increase in Utility exp. | ¥(0.16)bn | |||
Increase in Sales | +¥0.14bn | |||
Increase in Lease Fee for amusement | ¥(0.14)bn | |||
machines | ||||
Increase in Advertising exp. | ¥(0.11)bn | |||
Increase in Communication exp. | ¥(0.08)bn | |||
Increase in Supplies exp. | ¥(0.08)bn | |||
Increase in Other exp. ※2 | ¥(0.19)bn | |||
◆The USA Ordinary Profit & loss | +¥1.43bn | |||
[Breakdown] | Increase in Sales | +¥1.65bn | ||
Increase in Personnel exp. | ¥(0.21)bn | |||
Increase in Supplies exp. | ¥(0.17)bn | |||
Decrease in Other exp. ※2 | +¥0.16bn | |||
◆China and Other | ¥(0.19)bn | |||
FY 2023.3 2nd Q Actual | Ordinary profit | ¥7.11bn | ||
※1 Ordinary profit is compared excluding royalty.
FY 2023.3 2nd Q Plan … Japan ¥3.26bn, The USA ¥3.84bn FY 2023.3 2nd Q Actual … Japan ¥2.45bn, The USA ¥5.27bn
Ordinary profit including royalty is below.
FY 2023.3 2nd Q Plan … Japan ¥4.33bn, The USA ¥2.76bn FY 2023.3 2nd Q Actual … Japan ¥3.67bn, The USA ¥4.05bn
※2 Other exp. includes the increased profit due to exchange rate fluctuations.
- [Extraordinary income & loss breakdown]
FY 2023.3 2nd Q Actual Extraordinary income & loss ¥(0.03)bn
・ Gain on reversal of share acquisition rights | +¥0.08bn |
・ Loss on retirement of non-current assets, etc. | ¥(0.11)bn |
-2-
FY 2023.3 Revised consolidated plan
(Store openings and closings, P/L)
Revised Plan is the figures disclosed on August 5, 2022. ※Figures below ¥10 million are truncated. Percentage is rounded off to one decimal place.
The Second Revised Plan is revised by reflecting the actual figures of the 2nd Q and by reviewing 2nd half. Please refer to page 4 for further details.
Unit | FY 2023.3 Revised Plan | FY 2023.3 Second Revised Plan | ||||||||||||||
Consolidated | Japan | The USA | China | Consolidated | Japan | The USA | China | |||||||||
Opening | Store | 7 | 1 | 4 | 2 | 6 | 1 | 4 | 1 | |||||||
Stores | Closing | Store | 1 | ― | ― | ― | 3 | 1 | 1 | ― | ||||||
Total (at the end of term) | Store | 155 | 100 | 50 | 5 | 152 | 99 | 49 | 4 | |||||||
Bowling | ¥bn | 24.98 | 19.07 | 5.70 | 0.20 | 25.60 | 19.21 | 6.26 | 0.12 | |||||||
Amusement | ¥bn | 77.58 | 46.70 | 29.63 | 1.23 | 83.44 | 47.68 | 35.17 | 0.57 | |||||||
Karaoke, Food | ¥bn | 12.22 | 6.14 | 6.00 | 0.07 | 13.62 | 6.70 | 6.86 | 0.05 | |||||||
Spo-cha | ¥bn | 14.73 | 13.32 | 0.96 | 0.44 | 14.89 | 13.42 | 1.17 | 0.28 | |||||||
Cre-cha | ¥bn | 0.30 | 0.30 | ― | ― | 0.28 | 0.28 | ― | ― | |||||||
Others | ¥bn | 2.79 | 2.78 | ― | 0.00 | 2.94 | 2.94 | ― | 0.00 | |||||||
P/L | Total sales | ¥bn | 132.62 | 88.33 | 42.31 | 1.95 | 140.79 | 90.25 | 49.47 | 1.04 | ||||||
Gross profit | ¥bn | 16.05 | 9.64 | 7.01 | (0.58) | 17.31 | 7.84 | 10.64 | (1.14) | |||||||
Ordinary profit ※1 | ¥bn | 15.78 | 9.64 | 6.83 | (0.68) | 17.17 | 7.96 | 10.44 | (1.24) | |||||||
Ordinary profit margin | % | 11.9% | 10.9% | 16.1% | ― | 12.2% | 8.8% | 21.1% | ― | |||||||
Extraordinary income & loss | ¥bn | (0.74) | (0.09) | (0.00) | (0.63) | ※2(0.74) | (0.03) | (0.04) | (0.66) | |||||||
Profit before income taxes | ¥bn | 15.03 | 9.54 | 6.82 | (1.32) | 16.43 | 7.93 | 10.39 | (1.91) | |||||||
Income taxes | ¥bn | 3.82 | 2.60 | 1.21 | ― | 4.71 | 2.62 | 2.07 | ― | |||||||
Profit | ¥bn | 11.20 | 6.93 | 5.60 | (1.32) | 11.72 | 5.30 | 8.32 | (1.91) | |||||||
(Note) ※1 Ordinary profit of Japan and The USA is shown excluding royalty. | ||||||||||||||||
Ordinary profit including royalty is : Revised Plan … Japan ¥11.75bn, The USA ¥4.71bn | ||||||||||||||||
Second Revised Plan … Japan ¥10.43bn, The USA ¥7.97bn | ||||||||||||||||
※2 Extraordinary income & loss ¥(0.74)bn : Impairment loss ¥(0.66)bn, Loss on retirement of non-current assets, etc. ¥(0.16)bn, | ||||||||||||||||
Gain on reversal of share acquisition rights +¥0.08bn | ||||||||||||||||
Forex : Revised Plan … 1 USD=125.00 JPY, 1 CNY=19.20 JPY | Second Revised Plan … 1 USD=134.04 JPY, 1 CNY=19.89 JPY |
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FY 2023.3 Formulation Basis of Second Revised Plan
Revised Plan is the figures disclosed on August 5, 2022. | ※Figures below ¥10 million are truncated. |
【Consolidated】 Comparison full year ordinary profit with Revised Plan +¥1.39bn [Revised ¥15.78bn ⇒ Second Revised ¥17.17bn]
【Japan】 Major factors of difference from Revised Plan
Full year ordinary profit | ¥(1.68)bn | |
Revised Plan | Ordinary profit | ¥9.64bn |
【Breakdown】 | Increase in Sales | +¥1.91bn |
Increase in Promotion exp. | ¥(0.99)bn | |
(Amusement prize exp., etc.) | ||
Increase in Lease Fee for | ¥(0.57)bn | |
amusement machines | ||
Increase in Personnel exp. | ¥(0.55)bn | |
Increase in Utility exp. | ¥(0.50)bn | |
Increase in Communication exp. | ¥(0.38)bn | |
Increase in Other exp. | ¥(0.60)bn | |
Second Revised Plan Ordinary profit | ¥7.96bn | |
【The USA】 Major factors of difference from Revised Plan
Full year ordinary profit | +¥3.61bn | ||
Revised Plan | Ordinary profit | ¥6.83bn | |
【Breakdown】 | Increase in Sales | +¥4.53bn | |
Increase in Personnel exp. | ¥(0.95)bn | ||
Increase in Promotion exp. | ¥(0.23)bn | ||
(Amusement prize exp., etc.) | |||
Increase in Supplies exp. | ¥(0.18)bn | ||
Decrease in Other exp. | +¥0.44bn | ||
Second Revised Plan Ordinary profit | ¥10.44bn | ||
【Japan】 Increased Sales based on the recent performance.
Increased Promotion exp. based on the increase of crane games sales in Amusement department. Increased Utility exp. based on the rising electricity costs.
【The USA】 Increased Sales and each exp. based on the recent performance.
【China】 Revised store opening schedule. (Decreased the number of new store openings from 2 to 1.)
Revised Sales and each exp. considering the operating conditions due to the current spread of COVID-19.
Ordinary profit above is shown excluding royalty.
Ordinary profit including royalty is : Revised Plan … Japan ¥11.75bn, The USA ¥4.71bn Second Revised Plan … Japan ¥10.43bn, The USA ¥7.97bn
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ROUND ONE Corporation published this content on 11 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2022 09:48:04 UTC.