Results Briefing for the Second Quarter Ended June 30, 2023

Golf Digest Online Inc.

August 9, 2023

Disclaimer

  • This results briefing may contain forecasts for the GDO Group's future business results.
    Readers are cautioned that actual business results may differ from these forecasts due to a variety of elements, including latent risks and uncertainties. For more information on factors that may impact our business results, please refer to the Business Risks section in our Securities Report. However, please note that elements that may impact our business results are not limited to those included in the Business Risks section.
  • Effective from the fiscal year ending December 31, 2022, the GDO Group applies Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, hereinafter referred to as Accounting Standard for Revenue Recognition, etc.).
  • Readers are asked to refrain from the unauthorized reproduction of this briefing or any data therein.

© Golf Digest Online Inc.

2

INDEX

  1. First half 2023 business activity
  2. Second half 2023 update
  3. Reference material

© Golf Digest Online Inc.

3

01CHAPTER

First half 2023 business activity

© Golf Digest Online Inc.

4

Summary

  • Golf Launch Monitor business officially commenced and is expected to become the next core sales driver
  • Seasonality impact from first half to second half is expected for revenue and profits

▶

New center openings and start of Golf Launch Monitor business contributed to substantial sales growth for the Overseas Segment.

The Domestic Segment continued its sales growth within the challenging market environment.

▶

Increase in goodwill and intangible assets amortized on a straight-line basis through the year has negatively impacted profits.

▶

Non-operating profit of 540 million yen recognized due to yen depreciation.

Net Sales

billion yen

25.33billion yen

EBITDA

Operating Profit

Profit attributable to

1.67

-230million yen

270million yen

parent

YoY +3.97 billion yen

YoY

-350 million yen

YoY ‐1.09 billion yen

YoY -1.12 billion yen

+18.6％

-17.4％

ー

-80.1％

(Booking of a 800 million yen gain on forgiveness of debts during the previous fiscal period)

© Golf Digest Online Inc.

5

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Golf Digest Online Inc. published this content on 09 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2023 07:25:07 UTC.