〔Delayed〕 The original disclosure in Japanese was released on August 12, 2021 at 15:00 (GMT+9)
August 12, 2021
Tsukada Global Holdings Inc.
Consolidated Earnings Report for the Six Months ended June 30, 2021 (Japanese GAAP)
Stock listing: Tokyo Stock Exchange (First Section) | Securities code: 2418 |
URL: http://www.tsukada-global.holdings/en/ | |
Representative: Masayuki Tsukada, President and CEO | |
Information contact: Masahiro Yamazaki, Manager, Finance & | Tel:+81-3-5464-0081 |
Accounting Department | |
Scheduled dates: | |
Filing of statutory quarterly financial report (shihanki hokokusho): | August 13, 2021 |
Dividend payout: | - |
Supplementary materials to quarterly financial results available: Yes
Quarterly earnings presentation held: Yes (targeted at institutional investors and analysts)
(Amounts rounded down to the nearest million yen)
1. Consolidated Performance for the Six Months ended June 30, 2021 (January 1, 2021 - June 30, 2021)
(1) Consolidated Operating Results | (Percentages indicate year-on-year changes) | |||||||||
Net sales | Operating income | Ordinary income | Profit attributable to | |||||||
owners of the parent | ||||||||||
Six months ended | million yen | % | million yen | % | million yen | % | million yen | % | ||
13,126 | 11.3 | (5,518) | - | (5,007) | - | (4,452) | - | |||
June 30, 2021 | ||||||||||
Six months ended | 11,793 | (59.4) | (7,740) | - | (8,186) | - | (6,719) | - | ||
June 30, 2020 | ||||||||||
Note: Comprehensive income: Six months ended June 30, 2021: (4,297) million yen (- %) | ||||||||||
Six months ended June 30, 2020: (6,856) million yen (- %) | ||||||||||
Profit | Diluted profit | |||||||||
per share | per share | |||||||||
yen | yen | |||||||||
Six months ended | (93.34) | - | ||||||||
June 30, 2021 | ||||||||||
Six months ended | (140.86) | - | ||||||||
June 30, 2020 | ||||||||||
(2) Consolidated Financial Position | ||||||||||
Total assets | Net assets | Equity ratio | ||||||||
million yen | million yen | % | ||||||||
June 30, 2021 | 93,807 | 22,140 | 23.4 | |||||||
December 31, 2020 | 99,814 | 26,437 | 26.3 | |||||||
Reference: Total equity: June 30, 2021: | 21,956 million yen |
December 31, 2020: 26,265 million yen
2. Dividends
Dividend per share | ||||||||||
End-Q1 | End-Q2 | End-Q3 | Year-end | Annual total | ||||||
Year ended | yen | yen | yen | yen | yen | |||||
- | 0.00 | - | 0.00 | 0.00 | ||||||
December 31, 2020 | ||||||||||
Year ending | - | 0.00 | ||||||||
December 31, 2021 | ||||||||||
Year ending | - | 0.00 | 0.00 | |||||||
December 31, 2021 | ||||||||||
(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 | ||||||||
Year ending | million yen | % | million yen | % | million yen | % | million yen | % | yen |
38,000 | 40.1 | (2,900) | - | (2,610) | - | (2,510) | - | (52.62) | |
December 31, 2021 | |||||||||
Note: No revision has been made to the latest earnings forecast. |
*Notes
-
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 "(4) 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 11 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) | |||
June 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 | |||
Six Months ended | Six Months ended | ||
June 30, 2021 | June 30, 2020 | ||
3) Average number of shares outstanding during | 47,700,166 | 47,700,166 | |
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-LookingStatements)
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 4 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 | 4 |
2. Quarterly Consolidated Financial Statements and Main Notes | 5 |
(1) Consolidated Balance Sheets | 5 |
(2) Consolidated Statements of Income and Comprehensive Income | 7 |
Consolidated Statements of Income | 7 |
Consolidated Statements of Comprehensive Income | 8 |
(3) Consolidated Statements of Cash Flows | 9 |
(4) Notes on Quarterly Consolidated Financial Statements | 11 |
(Note on the Going-concern Assumption) | 11 |
(Note on Significant Changes in the Amount of Shareholders' Equity) | 11 |
(Application of Specific Accounting Methods for the Preparation of Quarterly Financial | 11 |
Statements) | |
(Additional Information) | 11 |
(Segment Information) | 12 |
3. Supplementary Information | 14 |
(Weddings Held and Orders Received) | 14 |
1
1. Review of Consolidated Financial Results
(1) Operating Results
In the first six months of the fiscal year ending December 31, 2021, the outlook for the Japanese economy remained uncertain due to the resurgence of novel coronavirus infections, which significantly impacted economic activities and employment conditions, as well as the declaration of a fourth state of emergency and uncertainty as to when the pandemic will come to an end.
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. However, all segments of the Group were severely impacted by ongoing restrictions on overseas travel, declines in hotel occupancy and restaurant customer numbers (due to government requests for people to refrain from outings and for businesses to shorten operating hours), postponement of weddings, and sluggish growth in the number of people reactivating their frozen fitness club memberships.
As a result, in the first six months of fiscal 2021, the Group posted consolidated net sales of ¥13,126 million (up 11.3% year on year). The Group continued to record significant losses, despite signs of a bottoming out, with an operating loss of ¥5,518 million (compared with a loss of ¥7,740 million a year earlier) and an ordinary loss of ¥5,007 million (compared with a loss of ¥8,186 million a year earlier). The net loss attributable to owners of the parent amounted to ¥4,452 million (compared with a loss of ¥6,719 million a year earlier).
The results for each business segment were as follows.
1) Wedding business
In the first six months of fiscal 2021, sales of the wedding business appeared to have bottomed out, despite the unclear prospects for an end to the ongoing pandemic, with the number of weddings held increasing to 2,817 (up 31.6% year on year). Although efforts were made to streamline wedding services through in-sourcing, the segment recorded a loss due to a decrease in the gross margin with stagnant sales and a decline in the average number of guests per wedding.
As a result, net sales in the wedding business totaled ¥7,942 million (up 10.9% year on year) and segment loss was ¥1,793 million (compared with a loss of ¥3,464 million a year earlier).
2) Hotel business
Segment sales increased slightly in the first six months of fiscal 2021 owing to an increase in the number of weddings held at the Group's hotels to 510 (up 80.2% 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. The segment posted a loss despite efforts to control costs through such measures as efficient human resource allocation and shift management.
As a result, net sales in the hotel business came to ¥3,869 million (up 10.8% year on year), and segment loss totaled ¥2,729 million (compared with a loss of ¥2,863 million a
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Tsukada Global Holdings Inc. published this content on 20 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 August 2021 06:03:07 UTC.