BENGO4.COM,INC. Non-Consolidated Financial Results for the Third Quarter Ended December 31, 2021
January 27, 2022 | ||
Name of Listed Company: Bengo4.com, Inc. | Listed Stock Exchange: Tokyo Stock Exchange | |
Securities Code: | 6027 | URL https://www.bengo4.com/corporate/ |
Representative: | Yosuke Uchida, Representative Director and President | |
Contact: | Keita Matsuura, Director | TEL: +81-3-5549-2555 |
Scheduled date to submit quarterly report: | February 14, 2022 | |||||||||||||||||
Scheduled date to commence dividend payments: | ‒ | |||||||||||||||||
Preparation of supplementary materials on financial results: Yes | ||||||||||||||||||
Holding of financial results briefing session: | Yes (for institutional investors and analysts) | |||||||||||||||||
(Million yen with fractional amounts rounded down) | ||||||||||||||||||
1. Financial results for the third quarter ended December 31, 2021 (from April 1, 2021 to December 31, 2021) | ||||||||||||||||||
(1) Operating results (cumulative totals) | (Percentages indicate year-on-year changes.) | |||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit | |||||||||||||||
Third quarter ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||||||||
December 31, 2021 | 5,000 | 31.4 | 833 | 274.4 | 839 | 271.9 | 520 | 367.5 | ||||||||||
December 31, 2020 | 3,806 | 27.1 | 222 | -2.3 | 225 | -1.5 | 111 | -21.2 | ||||||||||
Basic earnings | Diluted earnings | |||||||||||||||||
per share | per share | |||||||||||||||||
Third quarter ended | Yen | Yen | ||||||||||||||||
December 31, 2021 | 23.37 | 23.31 | ||||||||||||||||
December 31, 2020 | 5.00 | 4.99 | ||||||||||||||||
(2) Financial position | ||||||||||||||||||
Total assets | Net assets | Equity ratio | ||||||||||||||||
As of | Million yen | Million yen | % | |||||||||||||||
December 31, 2021 | 3,769 | 2,716 | 72.0 | |||||||||||||||
March 31, 2021 | 3,102 | 2,196 | 70.8 | |||||||||||||||
Reference: Equity capital | As of December 31, 2021: 2,715 million yen | As of March 31, 2021: 2,195 million yen | ||||||||||||||||
2. Cash dividends | ||||||||||||||||||
Dividend per share | ||||||||||||||||||
First quarter-end | Second quarter- | Third quarter-end | Fiscal year-end | Annual | ||||||||||||||
end | ||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | ||||||||||||||
Fiscal year ended March 31, 2021 | ‒ | 0.00 | ‒ | 0.00 | 0.00 | |||||||||||||
Fiscal year ending March 31, 2022 | ‒ | 0.00 | ‒ | |||||||||||||||
Fiscal year ending March 31, 2022 | 0.00 | 0.00 | ||||||||||||||||
(Forecast) | ||||||||||||||||||
(Note) Revisions to dividend forecasts published most recently: No |
3. Earnings forecasts for the fiscal year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit | Basic earnings | |||||||||
per share | |||||||||||||
Fiscal year ending | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | ||||
March 31, 2022 | 7,000 | ‒ | ‒ | ‒ | ‒ | ‒ | ‒ | ‒ | ‒ | ||||
(Note) Revisions to the earnings forecasts published most recently: No |
The forecasts are based on the Accounting Standard for Revenue Recognition to be applied from the beginning of the fiscal year ending March 31, 2022. For this reason, changes from the actual values for the fiscal year ended March 31, 2021 prior to the application of this standard are not shown. In addition, in our earnings forecasts for the fiscal year ending March 31, 2022, the Company aims to maintain positive operating profit and has a policy not to disclose concrete forecasts for all profit items from operating profit onwards, from the viewpoint that agile investment judgment responding to rapid changes in the market environment is needed.
* Notes
- Application of particular accounting treatment concerning preparation of quarterly financial statements: None
- Changes in accounting policies and changes or restatement of accounting estimates
a. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
b. Changes in accounting policies other than a: | None |
c. Change in accounting estimates: | None |
d. Restatement: | None |
Note: For details, please refer to "2. Quarterly Financial Statements and Key Notes (3) Notes to quarterly financial statements (Change in accounting policy)" on page 7 of the supplementary materials.
- Number of shares issued (common stock)
a. Total number of shares issued at the end of the period (including treasury shares)
As of December 31, 2021 | 22,264,500 shares | As of March 31, 2021 | 22,263,000 shares |
b. Number of treasury shares at the end of the period | |||
As of December 31, 2021 | 223 shares | As of March 31, 2021 | 194 shares |
c. Average number of shares during the period | |||
Nine months ended December 31, 2021 | 22,263,369 shares | Nine months ended December 31, 2020 | 22,260,853 shares |
- Quarterly financial results are outside the scope of the quarterly review by certified public accountants or audit corporations.
- Proper use of earnings forecasts, and other special matters
The forward-looking statements such as earnings forecasts stated in this document are based on the information currently available to the Company and certain assumptions that the Company judges as rational. These statements are not guarantees of future performance. Actual results may differ substantially from the forecasts due to various factors. For the assumptions underlying the forecasts and precautions when using the forecasts, please refer to "1. Qualitative Information on Financial Results for the Third Quarter Ended December 31, 2021, (3) Explanation regarding earnings forecasts and other forward-looking statements" on page 3 of the supplementary materials.
○ Supplementary Materials - Contents | ||
1. Qualitative Information on Financial Results for the Third Quarter Ended December 31, 2021 ........... | 2 | |
(1) | Summary of operating results ........................................................................................................... | 2 |
(2) | Summary of financial position .......................................................................................................... | 2 |
(3) | Explanation regarding earnings forecasts and other forward-looking statements............................. | 3 |
2. Quarterly Financial Statements and Key Notes...................................................................................... | 4 | |
(1) | Quarterly balance sheet..................................................................................................................... | 4 |
(2) | Quarterly statement of income .......................................................................................................... | 6 |
(3) | Notes to quarterly financial statements ............................................................................................. | 7 |
(Notes on going concern assumptions) ............................................................................................. | 7 | |
(Notes in the case of significant changes in shareholders' equity) .................................................... | 7 | |
(Application of particular accounting treatment concerning preparation of quarterly | ||
financial statements) ......................................................................................................................... | 7 | |
(Change in accounting policy) .......................................................................................................... | 7 | |
(Additional information) ................................................................................................................... | 7 | |
(Segment information) ...................................................................................................................... | 8 |
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1. Qualitative Information on Financial Results for the Third Quarter Ended December 31, 2021
(1) Summary of operating results
During the first nine months under review, the Japanese economy was moving toward recovery, albeit at a slower pace than the level before the spread of COVID-19, reflecting the gradual easing of the impact of COVID-19 thanks to large percentages of people vaccinated, among other factors. While the economic activity is expected to recover as the result of the easing of the impact of COVID-19, the outlook still remains uncertain.
Under the corporate mission "Bringing professionals closer," the Company has been operating the Internet media business through portal sites such as Bendo4.com for legal consultation and zeiri4.com for tax consultation, while also providing IT and solution services including CloudSign, a cloud-based online contract conclusion service.
As a result of the above, net sales reached 5,000 million yen, up 31.4% year on year, operating profit amounted to 833 million yen, up 274.4% year on year, ordinary profit was 839 million yen, up 271.9% year on year, and profit came to 520 million yen, up 367.5% from a year earlier.
Operating results by business segment are as follows.
(Media business)
In the Media business, the Company engages in the Internet media business through the legal consultation portal site Bendo4.com and the tax consultation portal site zeiri4.com.
In the bengo4.com business, the Company focused on providing content that is helpful for users and improving usability. It also sought to increase recognition through the distribution of articles of bengo4.com news, an owned media channel which lawyers use to explain familiar topics from a legal perspective. Consequently, monthly site visitors decreased 14.7% year on year, to 10.16 million in December 2021. The number of registered lawyers as of the end of the third quarter under review rose 5.2% year on year, to 22,044, of which the number of lawyers with paid member subscriptions to the lawyer support service stood at 5,171 (a decrease of 0.8% year on year). Meanwhile, the number of paid subscribers to bengo4.com paid services grew 7.1% year on year, to172,797.
As a result, net sales and segment profit increased 6.1% and 23.3% year on year, to 2,835 million yen and 1,156 million yen, respectively, in the first nine months under review.
(IT/Solutions business)
In the IT/Solutions business, the Company provides IT and solution services including CloudSign, a cloud-based online contract conclusion service.
In the CloudSign service, the Company sought to reinforce its development and sales systems by actively recruiting human resources, while simultaneously improving usability, increasing recognition and expanding its customer base through the placement of advertisements in a range of media, among other efforts. As a result, the number of contracts transmitted increased 61.1% year on year, to 1,153,499 in the third quarter under review.
As a result, net sales increased 91.2%, to 2,165 million yen, and segment profit came to 309 million yen (as opposed to a segment loss of 205 million yen in the same period of the previous year) in the first nine months under review.
(2) Summary of financial position
Total assets at the end of the third quarter under review stood at 3,769 million yen, rising 666 million yen from the end of the previous fiscal year. This mainly reflected increases in cash and deposits, accounts receivable and software in progress.
(Current assets)
Current assets at the end of the third quarter under review stood at 2,910 million yen, rising 492 million yen from the end of the previous fiscal year. The main changes were year-on-year increases of 324 million yen in cash and deposits and 152 million yen in accounts receivable.
(Non-current assets)
Non-current assets at the end of the third quarter under review climbed 174 million yen from the end of the previous fiscal year, to 858 million yen. The main changes were increases of 92 million yen in software in progress and 44 million yen in software from the end of the previous fiscal year.
(Current liabilities)
Current liabilities at the end of the third quarter under review increased 146 million yen from the end of the previous fiscal year, to 1,052 million yen. This was chiefly attributable to a decrease of 172 million yen in accounts payable - other from the end of the previous fiscal year, and increases of 277 million yen and 46 million yen in accrued consumption taxes, respectively.
(Non-current liabilities)
There were no non-current liabilities at the end of the third quarter under review.
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(Net assets)
Net assets at the end of the third quarter under review stood at 2,716 million yen, rising 520 million yen from the end of the previous fiscal year. This mainly reflects a year-on-year increase of 520 million yen in retained earnings.
(3) Explanation regarding earnings forecasts and other forward-looking statements
There is no change to the earnings forecasts for the fiscal year ending March 31, 2022 announced on May 13, 2021.
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Bengo4.com Inc. published this content on 27 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 06:48:04 UTC.
