BEENOS : Notification of Probable Increase of Consolidated Net Assets
April 12, 2022 at 07:45 pm EDT
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This is a translation of the original Japanese release. The Japanese text shall prevail in case of any variance between this version and the Japanese text.
CompanyBEENOS Inc.
President and Group CEOShota NaoiTokyo Stock Exchange Prime Section Code: 3328
Contact Vice President and Group CFO Koji Nakamura TEL +81-3-6859-3328
Notification of Probable Increase of Consolidated Net Assets (Delayed)
Tokyo, Japan - 13 April 2022 - BEENOS Inc. (BEENOS) announced the probable increase of its net assets due to the listing of PT GoTo Gojek Tokopedia Tbk (GoTo Group) on the Main Board of the Indonesia Stock Exchange (IDX) on 11 April 2022 which will likely increase BEENOS's consolidated net assets.
1. About the IPO of the GoTo Group
The GoTo Group listed on the Main Board of IDX on 11 April 2022 opening at IDR 400. The BEENOS Group holds about 0.3% of the GoTo Group's shares.
2. About the probable increase of consolidated net assets
BEENOS's book value of the GoTo Group will change from its acquisition price to its market value now that it is publicly listed. When calculating at its opening price (IDR 400), the consolidated total assets is expected to increase by JPY 12.3 billion. Consolidated net assets will increase by JPY 8.5 billion and liabilities (deferred tax liabilities) will increase by JPY 3.7 billion when accounting for tax effects. There will be no impact on the profit and loss statement as BEENOS complies records its finances under the Japanese accounting standards. *FX Rate calculation IDR 1 = JPY 0.0087
3. Outlook for FY2022
The actual increase of consolidated net assets may change due to the change in share prices as well as the fluctuation of foreign exchange rates. BEENOS will disclose any major changes that warrant a disclosure in a timely manner. The shares of the GoTo Group are locked up for 8 months for existing shareholders and its impact on BEENOS's financials for FY2022 is minimal.
-END-
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Beenos Inc. published this content on 13 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2022 23:44:04 UTC.
BEENOS Inc, formerly netprice.com, Ltd., mainly operates mail-order sales business. It has two segments. The E-commerce segment operates business through three business divisions. The Gathering division is engaged in the mail-order sales through personal computers (PCs), cell phones and smart phones. The Value Cycle division is involved in the purchase, maintenance and sale of secondhand brand-name products, watches, accessories and others. The Cross Boarder division is engaged provision of services making overseas products available for purchase for Japanese clients. The Incubation segment is involved in the provision of Japan products overseas forwarding services, the production of talent licensed products, and the marketing and promotion business focusing on smart phones.
BEENOS INC. 
