ASTERIA CORPORATION Note: This is an English translation of the Financial Summary in Japanese and is for reference purposes only. In the event of any discrepancy between the translation and the original Japanese text, the latter will prevail.
Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (IFRS)
May 15, 2023 | |||||
Company name | Asteria Corporation | Tokyo Stock Exchange | |||
Code number | 3853 | URL https://en.asteria.com/ | |||
Representative: | HIRANO Yoichiro (Pina) | President & CEO | |||
Contact: | SAITOH Yasuhisa | VP, Corporate Affairs | Phone: 81-3-5718-1655 | ||
Scheduled date of general | June 24, 2023 | Scheduled date of payment | June 9, 2023 | ||
meeting of shareholders | of cash dividends | ||||
Filing date of financial | June 26, 2023 | ||||
statements | |||||
Supplemental materials prepared for financial results | Yes | ||||
Earnings briefing for financial results | Yes (for institutional and individual investors) |
(Figures are rounded to the nearest million yen)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 1, 2022 to March 31, 2023)
(1) Consolidated Financial Results
Revenue | Operating profit | Profit | Net profit | Net profit attributable | Comprehensive net | |||||||
before income tax | to owners of the | profit | ||||||||||
parent | ||||||||||||
Fiscal Year Ended | 3,378 | 13.8% | (2,579) | － | (2,347) | － | (1,874) | － | (1,683) | － | (1,302) | － |
March 31, 2023 | ||||||||||||
Fiscal Year Ended | 2,968 | 10.4% | 3,445 | 320.3% | 3,984 | 288.5% | 2,869 | 247.4% | 2,510 | 210.9% | 3,288 | 249.3% |
March 31, 2022 | ||||||||||||
Basic earnings per | Diluted earnings per | Ratio of net profit | Ratio of profit before | |
attributable to owners of | ||||
share | share | income tax to total assets | ||
parent | ||||
Fiscal Year Ended | Yen | Yen | % | % |
March 31, 2023 | (100.20) | (100.20) | (21.7) | (20.2) |
March 31, 2022 | 152.43 | 152.43 | 36.1 | 38.9 |
Note: Basic earnings per share and diluted earnings per share based on net profit attributable to owners of the parent.
Ratio of operating profit
to revenue
%
(76.3)
116.1
(2) Consolidated Financial Position
Total equity attributable | Ratio of equity | Equity attributable to | |||
Total assets | Total equity | attributable to owners | owners of the parent | ||
to owners of the parent | |||||
of the parent | per share | ||||
Fiscal Year Ended | Millions of Yen | Millions of Yen | Millions of Yen | % | Yen |
March 31, 2023 | 10,618 | 7,627 | 7,132 | 67.2 | 424.74 |
March 31, 2022 | 12,595 | 8,981 | 8,357 | 66.3 | 497.64 |
(3) Consolidated Cash Flows | (Millions of yen) | |||
Cash flow from operating | Cash flow from investment | Cash flow from financial | Cash and cash equivalents | |
activities | activities | activities | at end of period | |
Fiscal Year Ended | 235 | (67) | (266) | 1,744 |
March 31, 2023 | ||||
Fiscal Year Ended | 58 | (499) | (225) | 1,816 |
March 31, 2022 | ||||
2. Cash Dividends
Annual cash dividends | Total amount | |||||
End-Q1 | End-Q2 | End-Q3 | Year-end | Total | of dividends | |
Yen | Yen | Yen | Yen | Yen | Millions of Yen | |
Fiscal Year Ended | － | 0.00 | － | 4.50 | 4.50 | 76 |
March 31, 2022 | ||||||
Fiscal Year Ended | － | 0.00 | － | 4.50 | 4.50 | 76 |
March 31, 2023 | ||||||
Fiscal Year Ending March | － | 2.00 | － | － | － | |
31, 2024 (Forecast) | ||||||
Consolidated | Consolidated ratio of |
dividends to equity | |
dividend payout | |
attributable to owners | |
ratio | of the parent |
% | % |
3.0 | 1.1 |
－ | 1.0 |
－ |
Note: Regarding the forecast of cash dividends for second quarter of the fiscal year ending March 31,2024 (interim dividends), we will plan to implement a commemorative dividend to mark the 25th anniversary of founding. The forecast for the year-end dividends is unprovided at this time.
3. Forecast of Consolidated Results for Fiscal Year Ending March 31, 2024 (April 1, 2023 to March 31, 2024)
（% indicate year-on-year changes）
Net profit | |||||||||
Revenue | Operating profit | Profit before | attributable to | Basic earnings per | |||||
income taxes | owners of the | share | |||||||
parent | |||||||||
Millions of | % | Millions of | % | Millions of | % | Millions of | % | Yen | |
yen | yen | yen | yen | ||||||
Full year | 4,500 | 33.2 | － | － | － | － | － | － | － |
Note: Forecasts of consolidated financial results for the full fiscal year ending in March 2024 are provided in "1. Qualitative Information (4) Outlook for consolidated business results, etc " on page 4 of the attached document.
- Notes
(1) Changes in significant subsidiaries during the fiscal year
(Changes in specified subsidiaries that caused a change in the scope of consolidation): None Newly included: - company (name) -, Excluded: - company (name) -
- Changes in accounting policies, changes in accounting estimation
- Changes in accounting policies due to IFRS requirements: None
- Changes in accounting policies other than a) above: None
- Changes in accounting estimation: None
- Number of issued shares (Common Stock)
- Total number of issued shares at the end of the period (including treasury stock)
- Number of shares of treasury stock at the end of the period
- Average number of shares during the period
Fiscal Year Ended | 17,491,265 | shares | Fiscal Year Ended | 17,491,265 | shares |
March 31, 2023 | March 31, 2022 | ||||
Fiscal Year Ended | 695,942 | shares | Fiscal Year Ended | 699,092 | shares |
March 31, 2023 | March 31, 2022 | ||||
Fiscal Year Ended | 16,793,704 | shares | Fiscal Year Ended | 16,469,359 | shares |
March 31, 2023 | March 31, 2022 |
- These consolidated financial results are not subject to audit.
-
Cautionary statement on appropriate use of business results forecasts and other matters. (Note on forward-looking statements)
This report contains forward-looking statements on future performance and other matters that are based on information currently available to the company and certain reasonable assumptions. These forward-looking statements are not guarantees of future performance. A variety of factors may cause actual performance to be materially different from that expressed or implied by these forward-looking statements. For notes on the assumptions used in business forecasts and use of these forecasts, please refer to "1. Qualitative information for business results,
(4) Outlook for consolidated business results, etc."
(Access to supplementary materials for results and content from the results briefing)
The company plans to hold an online result briefing from 6.00pm (JST) on Monday May 15, 2023. The materials used in the briefing will be posted on our official website, and the briefing video itself will be streamed live on YouTube Live and will also be available on our website at a later date.
○Index of attached materials
1. | Qualitative information for business results …………………………………………………………………………. | 2 | |
(1) | Explanation of business results ……………………………………………………………………………………. | 2 | |
(2) | Explanation of financial position …………………………………………………………………………………… | 4 | |
(3) | Explanation of cash flows…………………………………………………………………………………………… | 4 | |
(4) | Outlook for consolidated business results, etc. ………………………………………………………………….. | 4 | |
2. | Basic rationale for selection of accounting standards ……………………………………………………………... | 4 | |
3. | Outline of consolidated financial statements and main notes …………………………………………………….. | 5 | |
(1) | Outline of Consolidated Statement of Financial Position ……………………………………………………….. | 5 | |
(2) | Outline of Consolidated Statement of Profit or Loss …………………………………………………..………... | 7 | |
(3) | Outline of Consolidated Statement of Comprehensive Income………………………………………………… | 8 | |
(4) | Outline of Consolidated Statement of Changes in Equity ………………………………………………………. | 9 | |
(5) | Outline of Consolidated Statement of Cash Flows ……………………………………………………………… | 11 | |
(6) | Main notes to outline of consolidated financial statements …………………………………………………….. | 12 | |
4. | Others …………………………………………………………………………………………………………………… | 14 |
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1. Qualitative information for business results
(1) Explanation of business results
The consolidated results for the fiscal year ended March 31, 2023 (April 1, 2022-March 31, 2023, hereinafter FY2022) saw year-over-year (hereinafter YoY) 13.8% increase to ¥3,378.1mn in revenue. This was due to a 9.4% YoY increase in the Software Business and a 39.8% YoY increase in the Design Business.
Regarding profits, the company recognized an unrealized loss of ¥2,112.9mn in the Investment Business due to a fall in the share price of investee Gorilla Technology Group Inc. (hereinafter Gorilla Technology) and an impairment loss on goodwill related to subsidiary This Place Limited (hereinafter This Place) of ¥449.9mn.
As a result, operating loss amounted to ¥2,578.8mn, loss before income taxes to ¥2,346.6mn and net loss attributable to owners of the parent to ¥1,682.8mn.
<>As we see the shift toward digitalization as an irreversible trend, we will continue to focus our business operations and strategic investments in the "D4G" (Data, Device, Decentralized, Design for Green) domain which is believed to grow significantly over the next few years. The company will also strengthen our efforts in the no-code related area, which is a strength we have developed with our software products. In April 2022, the company opened the reskilling portal site "NoCode Gate" specializing in no-code, and in September of the same year, the company established the "No Code Promotion Association" as one of the founding companies for the purpose of transforming the software culture through no-code. Through awareness-raising activities, the association will promote DX that contributes to improving the productivity of companies and society.
The Group redefined office spaces while setting up satellite offices mainly in Japan to promote new work styles with multiple workplace options that employees can choose from at their discretion. In July of this year, the company plans to open a new office in Karuizawa Town, Nagano Prefecture, as part of our efforts to further improve the work environment.
Consolidated results for FY2022 were as follows. | (Millions of yen) | ||
FY2021 | FY2022 | YoY growth | |
Revenue | 2,967.6 | 3,378.1 | 13.8% |
Operating profit or loss | 3,445.3 | (2,578.8) | -% |
Profit or loss before income taxes | 3,984.4 | (2,346.6) | -% |
Net profit or loss attributable to owners of the | 2,510.4 | (1,682.8) | -% |
parent
- 2 -
For the purposes of deciding the allocation of Group management resources and appraising performance, the Group split its businesses into two reportable segments: the "Software Business segment" and the "Investment Business segment". The "Software Business segment" is made up of the corporate software product businesses the Group has been developing since its establishment as well as the design services business provided by This Place, which was acquired in 2017.
The "Investment Business segment" is focused on corporate investments via Asteria Vision Fund (AVF) -1, which was launched in 2019.
<>Software Business segment consists of two businesses, and the revenues of each were as follows:
(Millions of yen) | |||
FY2021 | FY2022 | YoY growth | |
Revenue | 2,531.9 | 2,769.2 | 109.4% |
Data integration middleware "Warp" saw the continued expansion of demand for no-code data integration caused by legal revisions such as invoicing system and digital transformation (DX) trends to improve operational efficiency in various industries. As a result of conducting promotional activities in collaboration with major domestic cloud services, its revenue increased by approximately 11% YoY. In December 2022, Warp was adopted into IIJ Cloud Data Platform Service as a data integration platform and entered the iPaaS market, a new business area.
AI-equipped IoT integration edgeware "Gravio" can be used to build AI and IoT-based systems without coding. Recently, there was an increasing need for smart offices due to a reexamination of workplaces triggered by the return-to-office policy. Also, due to a rise in the number of foreign tourists visiting Japan, inquiries for Gravio are rapidly increasing as a tool to solve the labor shortage at hotels.
Mobile app building tool "Platio" has been introduced in a wide range of industries as a no-code tool that enables in- house production of various apps in response to the growing demand for DX driven by the digitalization of business processes and the planned implementation of overtime regulations, including "the 2024 issue in logistics." In January 2022, we released a new lineup, "Platio Connect" that enables app building and data integration with various systems. As a result of active promotional activities with sales partners, its revenue increased by approximately 60% YoY.
Business negotiation support app "Handbook X" has been highly evaluated for its ease of introduction and access to various content. The number of free downloads has surpassed 150,000, and we are promoting the development of new markets beyond the field of its predecessor, "Handbook."
(Millions of yen) | |||
FY2021 | FY2022 | YoY growth | |
Revenue | 435.7 | 608.9 | 139.8% |
The Design Business provides consulting services mainly in the United Kingdom and the United States to improve customer experience, in addition to supporting the formulation and execution of customer companies' DX strategies. We have also started business in Japan.
Revenue increased YoY due to continued orders from existing customers in the United Kingdom and the United States, as well as the acquisition of new customers such as major US IT companies, international organizations, and Japanese retailers.
<>The Investment Business segment focuses on corporate investments via AVF-1 (in the U.S.), which was established in 2019. AVF-1 invests based on a "4D strategy" (Data, Device, Decentralized, Design), and the results of its operations on investment valuation change is booked in accordance with IFRS.
(Millions of yen) | |||
FY2021 | FY2022 | YoY growth | |
Investment valuation change | 4,014.5 | (2,033.5) | -% |
The decrease was mainly due to a decrease in the valuation of the Gorilla Technology.
"Investment valuation change" is included in "Other Income" in the Condensed Consolidated Statement of Profit or Loss.
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Asteria Corporation published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 07:27:03 UTC.
