〔Delayed〕 The original disclosure in Japanese was released on November 11, 2021 at 15:00 (GMT+9)
November 11, 2021
Tsukada Global Holdings Inc.
Consolidated Earnings Report for the Nine Months ended September 30, 2021 (Japanese GAAP)
Stock listing: Tokyo Stock Exchange (First Section) | Securities code: 2418 |
URL: https://www.tsukada-global.holdings/en/ | |
Representative: Masayuki Tsukada, President and CEO | |
Information contact: Masahiro Yamazaki, Manager, Finance & | |
Accounting Department | Tel: +81-3-5464-0081 |
Scheduled dates: | |
Filing of statutory quarterly financial report (shihanki hokokusho): | November 12, 2021 |
Dividend payout: | - |
Supplementary materials to quarterly financial results available: | No |
Quarterly earnings presentation held: | No |
(Amounts rounded down to the nearest million yen)
1. Consolidated Performance for the Nine Months ended September 30, 2021 (January 1, 2021 - September 30, 2021)
(1) Consolidated Operating Results | (Percentages indicate year-on-year changes) | |||||||||||||
Profit attributable to | ||||||||||||||
Net sales | Operating income | Ordinary income | owners of the parent | |||||||||||
million yen | % | million yen | % | million yen | % | million yen | % | |||||||
Nine months ended | 21,116 | 23.5 | (7,413) | - | (6,864) | - | (5,877) | - | ||||||
September 30, 2021 | ||||||||||||||
Nine months ended | 17,103 | (60.9) | (10,879) | - | (10,797) | - | (8,717) | - | ||||||
September 30, 2020 | ||||||||||||||
Note: Comprehensive income: Nine months ended September 30, 2021: (5,641) million yen ( - %) | ||||||||||||||
Nine months ended September 30, 2020: (8,898) million yen ( - %) | ||||||||||||||
Profit | Diluted profit | |||||||||||||
per share | per share | |||||||||||||
yen | yen | |||||||||||||
Nine months ended | (123.23) | - | ||||||||||||
September 30, 2021 | ||||||||||||||
Nine months ended | (182.76) | - | ||||||||||||
September 30, 2020 | ||||||||||||||
(2) Consolidated Financial Position | ||||||||||||||
Total assets | Net assets | Equity ratio | ||||||||||||
million yen | million yen | % | ||||||||||||
September 30, 2021 | 91,320 | 20,796 | 22.6 | |||||||||||
December 31, 2020 | 99,814 | 26,437 | 26.3 | |||||||||||
Reference: Total equity: September 30, 2021: | 20,610 million yen | |||||||||||||
December 31, 2020: | 26,265 million yen |
2. Dividends
Dividend per share | |||||||||||
End-Q1 | End-Q2 | End-Q3 | Year-end | Annual total | |||||||
yen | yen | yen | yen | yen | |||||||
Year ended | - | 0.00 | - | 0.00 | 0.00 | ||||||
December 31, 2020 | |||||||||||
Year ending | - | 0.00 | - | ||||||||
December 31, 2021 | |||||||||||
Year ending | |||||||||||
December 31, 2021 | 0.00 | 0.00 | |||||||||
(Forecast) |
Note: No revision has been made to the latest dividends forecast.
3. Earnings Forecast for the Fiscal Year ending December 31, 2021 (January 1, 2021 - December 31, 2021)
(Percentages indicate year-on-year changes)
Net sales | Operating income | Ordinary income | Profit attributable to | Profit | |||||
owners of the parent | per share | ||||||||
million yen | % | million yen | % | million yen | % | million yen | % | yen | |
Year ending | 32,500 | 19.9 | (6,970) | - | (6,680) | - | (5,820) | - | (122.01) |
December 31, 2021 | |||||||||
Note: No revision has been made to the latest earnings forecast. |
*Notes
(1) Changes in significant subsidiaries during the period: None
(Changes in specific subsidiaries accompanying a change in scope of consolidation)
Newly Consolidated: None | Newly Deconsolidated: None |
- Use of accounting methods specific to the preparation of quarterly consolidated financial statements: Yes
Note: For details, please refer to "(3) Notes on Quarterly Consolidated Financial Statements (Application of Specific Accounting Methods for the Preparation of Quarterly Financial
Statements)" under "2. Quarterly Consolidated Financial Statements and Main Notes" on page 8 in the accompanying materials.- Changes in accounting policy, changes in accounting estimates, and retrospective restatement
- Changes in accordance with amendments to accounting standards, etc.: None
- Changes other than noted in 1) above: None
- Changes in accounting estimates: None
- Retrospective restatement: None
(4) Shares issued (common stock) | |||
September 30, 2021 | December 31, 2020 | ||
1) Number of shares issued at end of period | 48,960,000 | 48,960,000 | |
(including treasury stock) | |||
2) Number of shares held in treasury at end of | 1,259,834 | 1,259,834 | |
period | |||
Nine Months ended | Nine Months ended | ||
September 30, 2021 | September 30, 2020 | ||
3) Average number of shares outstanding | 47,700,166 | 47,700,166 | |
during the period | |||
- Quarterly earnings reports are exempt from quarterly reviews conducted by certified public accountants or by auditing firms.
- Appropriate Use of Earnings Forecast and Other Important Information
(Cautionary Statement with Respect to Forward-Looking Statements)
Any forecasts and forward-looking statements given herein are based on information available as of this report's publication and on certain assumptions that are deemed reasonable. These forecasts are not guarantees of future performance, and actual results may differ from forecasts due to changes in the business environment. For the assumptions underlying the forecasts herein and other notice on the use of earnings forecasts, please refer to "(3) Earnings Forecast for the Fiscal Year ending December 31, 2021" in the section "1. Review of Consolidated Financial Results" on page 3 in the accompanying materials.
Accompanying Material - Contents | |
1. Review of Consolidated Financial Results | 2 |
(1) Operating Results | 2 |
(2) Analysis of Financial Condition | 3 |
(3) Earnings Forecast for the Fiscal Year ending December 31, 2021 | 3 |
2. Quarterly Consolidated Financial Statements and Main Notes | 4 |
(1) Consolidated Balance Sheets | 4 |
(2) Consolidated Statements of Income and Comprehensive Income | 6 |
Consolidated Statements of Income | 6 |
Consolidated Statements of Comprehensive Income | 7 |
(3) Notes on Quarterly Consolidated Financial Statements | 8 |
(Note on the Going-concern Assumption) | 8 |
(Note on Significant Changes in the Amount of Shareholders' Equity) | 8 |
(Application of Specific Accounting Methods for the Preparation of Quarterly Financial | 8 |
Statements) | |
(Additional Information) | 8 |
(Segment Information) | 9 |
3. Supplementary Information | 11 |
(Weddings Held and Orders Received) | 11 |
1
1. Review of Consolidated Financial Results
(1) Operating Results
In the first nine months of the fiscal year ending December 31, 2021, the outlook for the Japanese economy remained uncertain owing largely to the resurgence of novel coronavirus infections, which significantly impacted economic activities and employment conditions, stagnant consumer spending and the absence of foreign tourists due to travel restrictions.
In this environment, the Tsukada Global Holdings Group ("the Group") focused on creating new value, developing high-quality, appealing outlets, and providing high value-added services in the bridal, hotel, and wellness and relaxation (W&R) markets and on taking all possible measures to prevent coronavirus infections at all its facilities.
Although the fourth state of emergency declared due to the resurgence of novel coronavirus infections was lifted on September 30, 2021, it severely impacted second-half consolidated earnings results in all segments, owing to the postponement of weddings to the next fiscal year or beyond, the decline in the average number of guests per wedding, the downturn in hotel occupancy and restaurant customer numbers due to travel restrictions and sluggish growth in the number of people reactivating their frozen fitness club memberships.
As a result, in the first nine months of fiscal 2021, the Group posted consolidated net sales of ¥21,116 million (up 23.5% year on year). The Group continued to record significant losses, despite signs of a recovery from the same quarter of the previous fiscal year, with an operating loss of ¥7,413 million (compared with a loss of ¥10,879 million a year earlier) and an ordinary loss of ¥6,864 million (compared with a loss of ¥10,797 million a year earlier) due to the receipt of employment adjustment subsidies and various other subsidies for suspending operations and shortening operating hours. The net loss attributable to owners of the parent amounted to ¥5,877 million (compared with a loss of ¥8,717 million a year earlier).
The results for each business segment were as follows.
1) Wedding business
In the first nine months of fiscal 2021, during virtually all of which Japan was under a state of emergency, sales of the wedding business appear to have bottomed out, with the number of weddings held increasing to 4,376 (up 42.0% year on year). However, the segment recorded a loss owing to a decline in profit margins from the decrease in the average number of guests per wedding.
As a result, net sales in the wedding business totaled ¥12,120 million (up 17.6% year on year) and segment loss was ¥2,705 million (compared with a loss of ¥4,515 million a year earlier).
2) Hotel business
Segment sales increased in the first nine months of fiscal 2021 owing to the generation of a certain amount of income at some hotels during the Tokyo Olympics and an increase in the number of weddings held at the Group's hotels to 761 (up 88.8% year on year), despite sluggish demand for corporate banquets, and declines in hotel occupancy and restaurant customer numbers, which were impacted by ongoing restrictions on overseas travel that have been in place since last year. However, the segment posted a loss as the overall
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Tsukada Global Holdings Inc. published this content on 19 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2021 06:12:07 UTC.