140120120730086184
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140120120730086184 140120120730086184 Document Transcript

  • Translation July 30, 2012 Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2013 <under Japanese GAAP>Name of the Listed Company: Gurunavi, Inc.Listed Stock Exchanges: Tokyo Stock ExchangeStock Code: 2440URL: http://www.gnavi.co.jp/Representative: Seiichiro Kubo, PresidentContact: Soichi Katsuki, Director and Managing Executive Officer TEL: +81-3-3500-9700Scheduled date to submit Quarterly Securities Report: July 31, 2012Scheduled date to commence dividend payments: –Preparation of supplementary materials on quarterly financial results: YesHolding of quarterly financial results presentation meeting: None (Millions of yen with fractional amounts discarded, unless otherwise noted.)1. Consolidated financial results for the first quarter of the fiscal year ending March 31, 2013 (from April 1, 2012 to June 30, 2012)(1) Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.) Net sales Operating income Ordinary income Net income Three months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % June 30, 2012 6,163 10.6 969 48.6 970 47.1 575 53.0 June 30, 2011 5,572 (5.6) 652 (29.5) 659 (29.3) 376 (18.2)Note: Comprehensive income Three months ended June 30, 2012: ¥584 million [ 53.5%] Three months ended June 30, 2011: ¥380 million [ (17.5)%] Net income Diluted net per share income per share Three months ended Yen Yen June 30, 2012 23.60 23.58 June 30, 2011 15.43 –(2) Consolidated financial position Total assets Net assets Equity ratio Net assets per share As of Millions of yen Millions of yen % Yen June 30, 2012 16,673 12,919 77.3 528.54 March 31, 2012 16,951 12,569 74.1 514.59Reference: Equity As of June 30, 2012: ¥12,895 million As of March 31, 2012: ¥12,555 million –1–
  • 2. Cash dividends Annual dividends First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended – 10.00 – 10.00 20.00 March 31, 2012 Fiscal year ending – March 31, 2013 Fiscal year ending March 31, 2013 10.00 – 10.00 20.00 (Forecast)Note: Revisions to the cash dividend forecasts most recently announced: None3. Consolidated earnings forecasts for the fiscal year ending March 31, 2013 (from April 1, 2012 to March 31, 2013) (Percentages indicate year-on-year changes.) Net sales Operating income Ordinary income Net income Net income per share Millions of Millions of Millions of Millions of yen % yen % yen % yen % Yen Six months ending 12,400 9.4 1,735 28.8 1,759 28.6 1,065 34.5 43.70 September 30, 2012 Fiscal year ending 26,762 10.1 3,851 16.3 3,893 15.3 2,335 22.3 95.70 March 31, 2013Note: Revisions to the consolidated earnings forecasts most recently announced: None* Notes(1) Changes in significant subsidiaries during the three months under review (changes in specified subsidiaries resulting in change in scope of consolidation): None(2) Application of special accounting for preparing quarterly consolidated financial statements: None(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements after error corrections a. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes b. Changes in accounting policies due to other reasons: None c. Changes in accounting estimates: None d. Restatement of prior period financial statements after error corrections: None(4) Number of shares issued (common stock) a. Total number of shares issued at the end of the period (including treasury stock) As of June 30, 2012 25,984,000 shares As of March 31, 2012 25,984,000 shares b. Number of shares of treasury stock at the end of the period As of June 30, 2012 1,585,400 shares As of March 31, 2012 1,585,400 shares c. Average number of shares during the period (cumulative from the beginning of the fiscal year) Three months ended June 30, 2012 24,398,600 shares Three months ended June 30, 2011 24,398,600 shares –2–
  • * Indication regarding execution of quarterly review procedures This quarterly financial results report is not subject to the quarterly review procedures in accordance with the Financial Instruments and Exchange Act. At the time of disclosure of this quarterly financial results report, the quarterly review procedures in accordance with the Financial Instruments and Exchange Act are in progress.* Proper use of earnings forecasts, and other special matters The forecast figures stated above are based on information currently available to the Company and contain many uncertain factors. Actual business and other results may differ from the above forecast figures due to changes in business conditions, etc. –3–
  • Quarterly consolidated financial statements(1) Consolidated balance sheets (Thousands of yen) As of March 31, 2012 As of June 30, 2012Assets Current assets Cash and deposits 7,548,458 7,789,693 Notes and accounts receivable-trade 3,706,628 3,101,629 Work in process 12,883 11,022 Accounts receivable-other 1,035,090 1,046,578 Other 649,093 618,361 Allowance for doubtful accounts (445,681) (375,717) Total current assets 12,506,472 12,191,567 Noncurrent assets Property, plant and equipment 953,016 912,824 Intangible assets Goodwill 1,250 625 Software 2,206,645 2,296,365 Other 76,213 47,086 Total intangible assets 2,284,108 2,344,077 Investments and other assets 1,207,421 1,224,921 Total noncurrent assets 4,444,546 4,481,823 Total assets 16,951,019 16,673,391 –4–
  • (Thousands of yen) As of March 31, 2012 As of June 30, 2012Liabilities Current liabilities Notes and accounts payable-trade 137,679 105,168 Income taxes payable 736,445 395,433 Provision for bonuses 461,705 247,879 Provision for point card certificates 221,797 222,072 Accounts payable-other 1,915,055 1,663,908 Other 625,336 862,000 Total current liabilities 4,098,020 3,496,463 Noncurrent liabilities Negative goodwill 15,296 7,648 Asset retirement obligations 172,858 173,347 Other 95,765 76,474 Total noncurrent liabilities 283,920 257,470 Total liabilities 4,381,940 3,753,933Net assets Shareholders’ equity Capital stock 2,334,300 2,334,300 Capital surplus 2,884,780 2,884,780 Retained earnings 9,228,282 9,560,115 Treasury stock (1,841,718) (1,841,718) Total shareholders’ equity 12,605,645 12,937,477 Accumulated other comprehensive income Foreign currency translation adjustment (50,418) (41,946) Total accumulated other comprehensive income (50,418) (41,946) Subscription rights to shares 13,851 23,926 Total net assets 12,569,078 12,919,457Total liabilities and net assets 16,951,019 16,673,391 –5–
  • (2) Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income (cumulative) (Thousands of yen) Three months ended Three months ended June 30, 2011 June 30, 2012Net sales 5,572,322 6,163,883Cost of sales 1,148,460 1,248,149Gross profit 4,423,861 4,915,734Selling, general and administrative expenses 3,771,536 3,946,161Operating income 652,325 969,572Non-operating income Interest income 531 1,479 Amortization of negative goodwill 7,648 7,648 Reversal of provision for office transfer expenses 6,272 – Other 1,239 900 Total non-operating income 15,691 10,027Non-operating expenses Interest expenses 6,966 530 Foreign exchange losses 1,280 8,690 Total non-operating expenses 8,247 9,221Ordinary income 659,769 970,378Extraordinary loss Loss on valuation of golf club membership 2,350 16,320 Total extraordinary losses 2,350 16,320Income before income taxes and minority interests 657,419 954,057Income taxes 280,955 378,238Income before minority interests 376,464 575,818Net income 376,464 575,818 –6–
  • Consolidated statements of comprehensive income (cumulative) (Thousands of yen) Three months ended Three months ended June 30, 2011 June 30, 2012Income before minority interests 376,464 575,818Other comprehensive income Foreign currency translation adjustment 4,118 8,471 Total other comprehensive income 4,118 8,471Comprehensive income 380,582 584,290Comprehensive income attributable to Comprehensive income attributable to owners of the parent 380,582 584,290 –7–