[Notes of caution] This doc is an English translation of the Japanese authentic. Within the occasion of any variations or inconsistencies between the Japanese and English variations, the Japanese language model shall take priority.
August 15th, 2022
Abstract of Consolidated Monetary Outcomes (IFRS) for the 1Q of Fiscal 12 months Ending March 31, 2023
Listed firm title: CHANGE Inc.
Listed share trade: Tokyo Inventory Trade Securities Code: 3962
URL: https://www.change-jp.com/
Representative: Hiroshi Fukudome, President
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For Inquiry: Yutaka Yamada, CFO |
TEL: 03-6435-7347 |
Scheduled submitting date of quarterly report: August 15, 2022
Scheduled graduation date of dividend funds: None
Preparation of explanatory supplies for monetary outcomes: Sure
Holding of a briefing on monetary outcomes: Sure (For institutional traders and analysts)
(Quantities lower than a million are rounded down.)
1. Consolidated Monetary Outcomes for the First Quarter of the Fiscal 12 months Ending March 31, 2023 (April 1, 2022 to June 30, 2022)
(1) Consolidated Working Outcomes (Cumulative Interval)
(Notice) The Firm modified the fiscal year-end from September 30 to March 31 from the yr ended March 31, 2022. Accordingly, for comparability objective, the primary quarter of the fiscal yr ending March 2023 (from April 1, 2022 to June 30, 2022) differs from the primary quarter of the fiscal yr ended March 2022 (from October 1, 2021 to December 31, 2022). Due to this fact, the speed of change from the primary quarter of the earlier fiscal yr towards the primary quarter of the fiscal yr ended March 2023 shouldn’t be proven right here.
(Percentages point out year-on-year modifications.)
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Quarterly revenue |
Complete quarterly |
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Income |
Working revenue |
Revenue earlier than taxes |
Web revenue |
attributable to homeowners |
complete |
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of the father or mother |
revenue |
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￥Mil |
% |
￥Mil |
% |
￥Mil |
% |
￥Mil |
% |
¥ Mil |
% |
¥ Mil |
% |
||||||||||
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1Q of FY 2023 |
|||||||||||||||||||||
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(April 1, 2022 |
2,762 |
– |
△18 |
– |
△23 |
– |
△18 |
– |
51 |
– |
△18 |
– |
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to June 30, 2022) |
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1Q of FY 2022 |
|||||||||||||||||||||
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(October 1, 2021 |
7,932 |
1.7 |
4,782 |
3.6 |
4,773 |
4.2 |
3,286 |
9.7 |
3,265 |
8.3 |
3,286 |
9.7 |
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to December 31, 2021) |
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Primary quarterly primary |
Diluted quarterly earnings |
||||||||||||||||||||
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earnings per share |
per share |
||||||||||||||||||||
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Yen |
Yen |
||||||||||||||||||||
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1Q of FY 2023 |
|||||||||||||||||||||
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(April 1, 2022 |
0.71 |
0.70 |
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to June 30, 2022) |
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1Q of FY 2022 |
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(October 1, 2021 |
45.24 |
44.37 |
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to December 31, 2021) |
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(2) Consolidated Monetary Place |
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Revenue attributable to |
Proportion of pursuits |
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Complete belongings |
Complete shareholders’ fairness |
attributable to homeowners of |
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homeowners of father or mother |
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father or mother |
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Tens of millions of yen |
Tens of millions of yen |
Tens of millions of yen |
% |
||||||||||||||||||
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Finish of 1Q of FY 2023 |
40,114 |
35,355 |
33,206 |
82.8 |
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Finish of FY 2022 |
42,728 |
35,506 |
33,480 |
78.4 |
1
[Notes of caution] This doc is an English translation of the Japanese authentic. Within the occasion of any variations or inconsistencies between the Japanese and English variations, the Japanese language model shall take priority.
2. Dividend Standing
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Annual dividends |
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Finish of first |
Finish of |
Finish of third |
Finish of the |
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second |
Complete |
||||
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quarter |
quarter |
fiscal yr |
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quarter |
|||||
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Yen |
Yen |
Yen |
Yen |
Yen |
|
|
FY2022 |
0.00 |
– |
– |
4.50 |
4.50 |
|
FY 2023 |
– |
||||
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FY 2023 (forecast) |
0.00 |
– |
7.00 |
7.00 |
(Notice) Any change because the most not too long ago made forecast: No
3. Forecasts for the Fiscal 12 months Ending March 31.2023 (April 1, 2022 to March 31, 2023)
(Percentages point out year-on-year modifications for the complete yr and year-on-year modifications for the quarter.)
|
Income |
Working revenue |
Revenue earlier than taxes |
Web revenue |
Revenue attributable to |
Primary revenue |
||||||||
|
homeowners of father or mother |
per share |
||||||||||||
|
￥Mil |
% |
￥Mil |
% |
￥Mil |
% |
￥Mil |
% |
¥ Mil |
% |
Yen |
|||
|
Full yr |
21,000 |
– |
7,000 |
– |
6,967 |
– |
4,806 |
– |
4,669 |
– |
64.54 |
(Notice) 1. Revisions from probably the most not too long ago revealed efficiency forecast: No
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2. The consolidated fiscal yr ended March 31, 2022 corresponds to six-month interval from October 1, 2021 to March 31, 2022 because of the change within the consolidated fiscal year-end. Consequently, year-on-year modifications aren’t offered right here.
- Notes
- Modifications in vital subsidiaries in the course of the first quarter (modifications in specified subsidiaries leading to modifications in scope of consolidation): No
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New firm (firm title) one (Govmates, Inc.) |
Excluded firm (firm title) None |
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(2) Modifications in accounting insurance policies and modifications in accounting estimates |
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(i) Modifications in accounting insurance policies required by IFRS: No |
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(ii) Modifications in accounting insurance policies aside from (i): |
No |
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(iii) Modifications in accounting estimates: |
No |
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(3) Variety of shares excellent (odd shares) |
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(i) Variety of shares excellent at |
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the top of the interval (together with |
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treasury share) |
１Q of FY2023 |
72,959,562 shares |
FY2022 |
72,959,562 shares |
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(ii) Variety of treasury shares on the |
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finish of the interval |
１Q of FY 2023 |
623,235 shares |
FY2022 |
623,235 shares |
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(ⅲ) Common variety of shares |
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in the course of the interval (cumulative |
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quarterly interval) |
1Q of FY 2023 |
72,336,327 shares |
1Q of FY2023 |
72,175,770 shares |
- Monetary outcomes hereof aren’t topic to evaluation by licensed accountants or audit companies.
- Explanations and different particular notes regarding the applicable use of enterprise efficiency forecast
The earnings forecasts and different forward-looking statements contained on this report are ready based mostly on info at the moment obtainable to the Firm and on sure assumptions deemed to be affordable, however they don’t seem to be promised by the Firm concerning future efficiency. Precise outcomes might differ considerably from these forecasts because of varied elements. For future forecasts and assumptions, please check with “1. Data on monetary outcomes for the present fiscal yr (iii) Forecasts for the subsequent fiscal yr” on web page Four hereof.
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Accompanying Supplies |
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Index |
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1. Data on monetary outcomes for the present fiscal yr ………………………………………………………………………………………………. |
4 |
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(1) |
Overview of working outcomes ……………………………………………………………………………………………………………………………………. |
4 |
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(2) |
Monetary Place……………………………………………………………………………………………………………………………………………………… |
5 |
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(3) |
Clarification for the consolidated earnings forecasts ……………………………………………………………………………………………………. |
5 |
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3. Condensed Quarterly Consolidated Monetary Statements and Main Notes ……………………………………………………………………… |
6 |
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(1) |
Condensed Quarterly Consolidated Assertion of Monetary Place……………………………………………………………………………. |
6 |
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(2) |
Condensed Quarterly Consolidated Statements of Revenue and Abstract Consolidated Statements of Complete |
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Revenue ………………………………………………………………………………………………………………………………………………………………………….. |
8 |
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(3) |
Condensed Quarterly Consolidated Statements of Modifications in Fairness ……………………………………………………………………….. |
10 |
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(4) |
Condensed Quarterly Consolidated Statements of Money Flows ………………………………………………………………………………….. |
12 |
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(5) |
Notes to Condensed Quarterly Consolidated Monetary Statements ……………………………………………………………………………. |
13 |
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(Notes on the Going Concern Assumption) ………………………………………………………………………………………………………………… |
13 |
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(Phase Data) ……………………………………………………………………………………………………………………………………………… |
13 |
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(Vital Subsequent Occasions) ………………………………………………………………………………………………………………………………… |
14 |
– 3 –
1. Data on monetary outcomes for the present fiscal yr
The forward-looking statements within the textual content are based mostly on the judgment of the Group as of the final day of the primary quarter consolidated accounting interval of the present fiscal yr.
The Firm modified the fiscal year-end from September 30 to March 31 from the yr ended March 31, 2022. Accordingly, for comparability objective, the primary quarter of the fiscal yr ending March 2023 (from April 1, 2022 to June 30, 2022) differs from the primary quarter of the fiscal yr ended March 2022 (from October 1, 2021 to December 31, 2022). Due to this fact, the speed of change from the primary quarter of the earlier fiscal yr towards the primary quarter of the fiscal yr ended March 2023 shouldn’t be proven right here.
(1) Overview of working outcomes
Sooner or later, it’s predicted that about 1 out of two.6 residents shall be older than 65 in 2065, leading to a world of super-aged society. In recent times, on account of the unfold of latest corona viruses, it was discovered that Japanese digital transformation (hereinafter, “DX”) is changing into more and more behind the world. Due to this fact, within the inventory market, there’s a clear bipolarization between firms adaptive and evolving to DX and different firms. Consequently, it’s urgently mandatory for surviving firms to reply to, rework, and spend money on DX. As well as, it’s also inevitable for native governments who’re going through with the problem of extreme monetary situations and inhabitants decline and whose workloads are growing regardless of the declining variety of workers to enhance operational effectivity by way of DX.
Below such circumstances, the Group (or just, “we”) has been growing companies similar to digitization of enterprise fashions and enterprise processes and assist for the event of digital human sources with a purpose to dramatically enhance Japanese productiveness with “Folks multiplied by Know-how” and to make Japan a sustainable society with a reducing inhabitants below the imaginative and prescient of “Change Productiveness” below the mission of “Change Folks, Change Enterprise, Change Japan”. Since its inception, we have now supplied options to the digitization wants of many shoppers.
Particularly, we’re growing and increasing our enterprise in three areas: NEW-IT Transformation Enterprise, which helps the event of digital human sources, improvements in enterprise processes, and digitization; Funding Enterprise, which is investing in companies which are synergistic with NEW-IT Transformation Enterprise, to be answerable for creating new companies and constructing enterprise fashions; and the Publitech Enterprise, which is dedicated to selling DX-based regional creation.
Working outcomes for the primary quarter of the present fiscal yr are as follows.
Within the NEW-IT Transformation Enterprise, the Group continues to spend money on M&A as an entire. On August 1, 2022, Digital Progress Educational, INC. acquired Logosware Company, which supplies an E-learning and live-training distribution platform. We are going to swiftly evolve right into a stage wherein we are going to shift our enterprise mannequin to a platform-type within the discipline of digital human useful resource growth. As well as, we introduced the M&A of DFA Robotics Inc. on August 15, 2022. We are going to develop the robotics enterprise, which is predicted to develop dramatically sooner or later as one among Japan’s options amid the declining birthrate, getting older inhabitants, and declining inhabitants.
Within the Funding Enterprise, inventory costs of some listed firms we invested in, primarily progress shares, remained weak.
Within the Publitech Enterprise, on March 28, 2022, we established Govmates, Inc., a three way partnership with Konica Minolta, Inc. and Konica Minolta Publitech, Inc., to speed up the native governments’ DX. As this enterprise is aimed toward native governments, revenues tends to be concentrated within the second half of the fiscal yr. Nevertheless, we have now already made upfront investments as deliberate, and are steadily advancing our technique. As well as, the variety of LoGo chat and LoGo kind, that are SaaS companies for native governments, continued to develop easily with excessive fame amongst customers, and the variety of paid subscriptions elevated. In LoGo chat, the variety of native authorities customers, paid and free as an entire, has exceeded 1,000. For hometown tax donation, we’re growing added worth by offering OEM programs for the hometown tax donation platform, diversifying settlement strategies and fee strategies, and so on.
Consequently, within the first quarter of the present consolidated fiscal yr, income was 2,762 million yen, working loss was 18 million yen, loss earlier than taxes was 23 million yen, and quarterly revenue attributable to homeowners of father or mother was 51 million yen.
Segment working outcomes are as follows: (a)NEW-ITTransformation Enterprise
Within the NEW-IT Transformation Enterprise, the Group continues to spend money on M&A as an entire. On August 1, 2022, Digital Progress Educational, Inc., acquired Logosware Company, which supplies an E-learning and live-training distribution platform. We are going to swiftly evolve right into a stage wherein we are going to shift our enterprise mannequin to a platform-type within the discipline of digital human useful resource growth. As well as, we introduced the M&A of DFA Robotics Inc. on August 15, 2022. We are going to develop the robotics enterprise, which is predicted to develop dramatically sooner or later as one among Japan’s options amid the declining birthrate, getting older inhabitants, and declining inhabitants.
Consequently, within the first quarter of the present consolidated fiscal yr, income within the NEW-IT Transformation Enterprise was 1,032 million yen and section revenue was 351 million yen.
(b)Funding Enterprise
Within the funding enterprise, inventory costs of some listed firms we invested in, primarily progress shares, had been weak. Consequently, within the first quarter of the present fiscal yr, income within the Funding Enterprise was △147 million yen and
section loss was 158 million yen.
(c) Publitech Enterprise
Within the Publitech Enterprise, on March 28, 2022, we established Govmates, Inc., a three way partnership with Konica Minolta, Inc. and Konica Minolta Publitech, Inc. to speed up native governments’ DX programs. As this enterprise is aimed toward native governments, revenues shall be concentrated within the second half of the fiscal yr. Nevertheless, we have now already made upfront investments as deliberate and are steadily advancing our technique. As well as, the variety of LoGo chat and LoGo kind, that are SaaS companies for native governments, continued to develop easily with excessive fame amongst customers, and the variety of paid subscriptions elevated. In LoGo chat, the variety of native authorities customers, paid and free as an entire, has exceeded 1,000. For hometown tax donation, we’re growing added worth by offering OEM programs for the hometown tax donation platform and diversifying settlement strategies
– 4 –
and fee strategies.
Consequently, within the first quarter of the present consolidated fiscal yr, income within the Publitech Enterprise was 1,879 million yen, and section revenue was 437 million yen.
(2) Monetary Place
- Property, Liabilities, and Shareholder Fairness (Property)
Present belongings on the finish of the primary quarter of the present consolidated fiscal yr had been 31,983 million yen, a lower of three,678 million yen from the top of the earlier fiscal yr. This was primarily because of a lower of three,315 million yen in money and money equivalents. Non-current belongings had been 8,131 million yen, a rise of 1,064 million yen from the top of the earlier fiscal yr. This was primarily because of a rise of 499 million yen within the property, plant and gear.
Consequently, whole belongings had been 40,114 million yen, a lower of two,614 million yen in comparison with the top of the earlier fiscal yr.
(Liabilities)
Present liabilities on the finish of the primary quarter of the present consolidated fiscal yr had been 3,422 million yen, a lower of two,450 million yen from the top of the earlier fiscal yr. This was primarily because of a lower of 1,512 million yen in accrued revenue taxes.
Non-current liabilities had been 1,336 million yen, a lower of 12 million yen from the top of the earlier fiscal yr. This was primarily because of a lower of 68 million yen in bonds and borrowings.
Consequently, whole liabilities had been 4,759 million yen, a lower of two,463 million yen from the top of the earlier fiscal yr.
(Fairness)
Fairness on the finish of the primary quarter of the present consolidated fiscal yr was 35,355 million yen, a lower of 150 million yen from the top of the earlier fiscal yr. This was because of a lower of 273 million yen in retained earnings because of dividend fee.
(ii)Money Flows
The standing of every money circulation and most important elements are as follows.
Money and money equivalents on the finish the primary quarter of the present consolidated fiscal yr had been 27,091 million yen, a lower of three,315 million yen from the top of the earlier fiscal yr.
The standing of every money circulation and most important elements are as follows. (Money flows from working actions)
The lower in money from working actions in the course of the first quarter of present consolidated fiscal yr was 2,221 million yen. This was primarily because of the lower of 905 million yen in commerce and different payables, and fee of 1,586 million yen of revenue taxes.
(Money flows from investing actions)
Web money utilized in investing actions within the first quarter of the present consolidated fiscal yr was 669 million yen. This was primarily because of the acquisition of the tangible fastened belongings of 510 million yen.
(Money flows from financing actions)
Web money utilized in financing actions within the first quarter of the present consolidated fiscal yr was 424 million yen. This was primarily because of the fee of dividends of 310 million yen
(3) Clarification for the consolidated earnings forecasts
Relating to earnings forecasts, there are not any modifications from the consolidated monetary forecast introduced on Could 13, 2022.
– 5 –
That is an excerpt of the unique content material. To proceed studying it, entry the unique doc right here.
Disclaimer
Change Inc. revealed this content material on 15 August 2022 and is solely answerable for the knowledge contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 12:12:14 UTC.
Publicnow 2022
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Technical evaluation tendencies CHANGE INC.
| Brief Time period | Mid-Time period | Lengthy Time period | |
| Traits | Bullish | Bullish | Impartial |
Revenue Assertion Evolution
|
Promote
Purchase |
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| Imply consensus | BUY |
| Variety of Analysts | 2 |
| Final Shut Worth | 1 972,00 JPY |
| Common goal value | 2 600,00 JPY |
| Unfold / Common Goal | 31,8% |
