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    3491   JP3386670008

GA TECHNOLOGIES CO., LTD.

(3491)
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GA technologies : Summary of Consolidated Financial Results for the Nine Months Ended July 31, 2021(Based on Japanese GAAP)

09/14/2021 | 02:32am EST

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the Nine Months Ended July 31, 2021 (Based on Japanese GAAP)

September 14, 2021

Company name:

GA technologies Co., Ltd.

Stock exchange listing:

Tokyo Stock Exchange

Stock code:

3491

URL:

https://www.ga-tech.co.jp/

Representative:

RYO HIGUCHI, President and Chief Executive Officer

Contact person:

SATOSHI MATSUKAWA, Executive Officer and Chief Accounting Officer

TEL03-6230-9180

Scheduled date to file Quarterly Securities Report:

September 14, 2021

Scheduled date to commence dividend payments:

-

Preparation of supplementary material on quarterly financial results:

Yes

Holding of quarterly financial results meeting:

Yes

(for institutional investors and analysts, in Japanese)

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the nine months ended July 31, 2021 (November 1, 2020 to July 31, 2021)

(1) Consolidated operating results(cumulative)

(Percentage figures are the changes from the same period prior year)

Net sales

EBITDA※

Operating profit

Ordinary profit

Profit attributable

to owners of parent

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Nine months ended July 31, 2021

55,008

38.2

805

(41.2)

(284)

-

(581)

-

(604)

-

Nine months ended July 31, 2020

39,790

53.8

1,368

70.9

684

50.9

522

73.0

142

30.3

※EBITDA = Operating profits + Depreciation (Operating expenses) + Amortization of Goodwill

(NOTE) Comprehensive income: Nine months ended July 31, 2021

(590) million yen [-%]

Nine months ended July 31, 2020

132 million yen [25.0%]

Earnings per share

Diluted earnings

per share

Yen

Yen

Nine months ended July 31, 2021

(18.28)

-

Nine months ended July 31, 2020

4.95

4.66

(NOTE) 1.Despite the existence of diluted shares, Diluted earnings per share for the nine months ended July 31, 2021 are not stated since negative Earnings per share are recorded.

2.The Company conducted a 1:3 stock split for common stock with an effective date of November 1, 2020. Earnings per share and Diluted earnings per share have been calculated on the assumption that this stock split was conducted at the beginning of the previous year.

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Million yen

Million yen

%

As of July 31, 2021

29,369

19,364

65.9

As of October 31, 2020

18,505

7,137

38.6

(REFERENCE) Equity capital: As of July 31, 2021

19,357 million yen

As of October 31, 2020

7,137 million yen

2. Cash dividends

Dividends per share

1st

2nd

3rd

Fiscal

Total

quarter-end

quarter-end

quarter-end

year-end

Yen

Yen

Yen

Yen

Yen

Year ended October 31, 2020

-

0.00

-

0.00

0.00

Year ended October 31, 2021

-

0.00

-

Year ending October 31, 2021 (Forecast)

-

-

(NOTE) Revision of dividend forecast from recently announced figures: Not applicable

The dividend forecast for the year ending October 31, 2021 has not yet been determined.

1

3. Forecast of consolidated financial results for the fiscal year ending October 31, 2021 (November 1, 2020 to October 31, 2021) (Percentage figures are the changes from the same period prior year)

Net sales

EBITDA※

Operating profit

Ordinary profit

Profit attributable to

Earnings per share

owners of parent

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

Full year

85,000

34.8

986

(65.5)

(490)

-

(970)

-

(1,340)

-

(39.93)

※EBITDA = Operating profits + Depreciation (Operating expenses) + Amortization of Goodwill (NOTE) Revisions to the forecast of financial results from recently announced figures: Applicable

Please refer to "Notice of Revision of Earnings Forecasts" released on September 14, 2021 for the revision of consolidated performance forecast.

4. Notes

  1. Changes in significant subsidiaries during the Nine months ended July 31, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation):
  2. Application of special accounting methods for the preparation of quarterly consolidated financial statements:
  3. Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
    Changes in accounting policies due to revisions to accounting standards and other regulations: Changes in accounting policies due to other reasons:
    Changes in accounting estimates:
    Restatement of prior period financial statements:

Not applicable

Applicable

Not applicable Not applicable Not applicable Not applicable

(4) Number of issued shares (common stock)

Total number of issued shares at the end of the period (including treasury shares):

As of July 31, 2021

34,855,615 shares

As of October 31, 2020

29,393,115 shares

Total number of treasury shares at the end of the period:

As of July 31, 2021

682 shares

As of October 31, 2020

621 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year):

Nine months ended July 31, 2021

33,059,277 shares

Nine months ended July 31, 2020

28,812,408 shares

(NOTE) The Company conducted a 1:3 stock split for common stock with an effective date of November 1, 2020. The total number of issued shares at the end of the period, Total number of treasury shares at the end of the period and Average number of shares during the period have been calculated on the assumption that this stock split was conducted at the beginning of the previous year.

2

Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

(Million yen)

As of October 31, 2020

As of July 31, 2021

Assets

Current assets

Cash and deposits

6,386

10,292

Accounts receivable - trade

147

163

Real estate for sale

1,386

6,108

Costs on uncompleted construction contracts

8

33

Supplies

48

37

Advance payments - trade

137

354

Prepaid expenses

270

288

Other

149

721

Allowance for doubtful accounts

(81)

(109)

Total current assets

8,453

17,890

Non-current assets

Property, plant and equipment

1,230

1,277

Intangible assets

Goodwill

3,911

4,850

Software

2,542

2,752

Software in progress

57

207

Other

858

761

Total intangible assets

7,370

8,572

Investments and other assets

1,450

1,629

Total non-current assets

10,051

11,478

Total assets

18,505

29,369

3

(Million yen)

As of October 31, 2020

As of July 31, 2021

Liabilities

Current liabilities

Short-term loans payable

1,503

322

Current portion of long-term loans payable

949

968

Current portion of bonds

40

2,050

Accounts payable - other

988

1,053

Income taxes payable

661

76

Accrued consumption taxes

210

84

Provision

23

15

Deposits received

1,074

1,309

Other

271

310

Total current liabilities

5,723

6,190

Non-current liabilities

Bonds payable

2,110

420

Long-term loans payable

2,383

2,092

Deferred tax liabilities

258

225

Provision

77

57

Asset retirement obligations

407

417

Other

405

601

Total non-current liabilities

5,643

3,814

Total liabilities

11,367

10,005

Net assets

Shareholders' equity

Capital stock

1,182

7,208

Capital surplus

3,931

10,715

Retained earnings

2,039

1,434

Treasury shares

(0)

(0)

Total shareholders' equity

7,152

19,357

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

(14)

(0)

Foreign currency translation adjustment

-

0

Total accumulated other comprehensive income

(14)

0

Share acquisition rights

0

6

Total net assets

7,137

19,364

Total liabilities and net assets

18,505

29,369

4

Quarterly Consolidated Statements of Income (cumulative) and Comprehensive Income (cumulative) Quarterly Consolidated Statements of Income (cumulative)

(Million yen)

Nine months ended

Nine months ended

July 31, 2020

July 31, 2021

Net sales

39,790

55,008

Cost of sales

33,360

47,239

Gross profit

6,429

7,768

Selling, general and administrative expenses

5,745

8,053

Operating profit (loss)

684

(284)

Non-operating income

Interest income

0

0

Other

10

10

Total non-operating income

11

11

Non-operating expenses

Interest expenses

48

51

Commission fee

88

171

Bond issue expenses

21

6

Share issue expenses

-

62

Other

15

14

Total non-operating expenses

173

307

Ordinary profit (loss)

522

(581)

Extraordinary losses

Impairment loss

53

-

Loss on sales and retirement of non-current assets

0

1

Total extraordinary losses

53

1

Profit (loss) before income taxes

468

(582)

Income taxes

325

22

Profit (loss)

142

(604)

Profit (loss) attributable to owners of parent

142

(604)

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

GA Technologies Co. Ltd. published this content on 14 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2021 06:31:01 UTC.


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Sales 2021 86 905 M 771 M 771 M
Net income 2021 -1 350 M -12,0 M -12,0 M
Net Debt 2021 - - -
P/E ratio 2021 -31,0x
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Technical analysis trends GA TECHNOLOGIES CO., LTD.
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Mean consensus BUY
Number of Analysts 0
Last Close Price 1 303,00 
Average target price
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EPS Revisions
Managers and Directors
Ryo Higuchi President, CEO & Representative Director
Tomoya Fukutomi Chief Financial Officer & Executive Officer
Masaru Higuchi Director, Head-HR & Information System
Akira Endo Chief Technology Officer & Executive Officer
Shinpei Noguchi Chief Operating Officer
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