VISIONAL, INC. Disclaimer: This document is an English translation of the original Japanese language document and has been prepared solely for reference purposes. In the event of any discrepancy between this English translation and the original Japanese language document, the original Japanese language document shall prevail in all respects.
Consolidated Financial Results
for the Six Months Ended January 31, 2022
[Japanese GAAP]
March 15, 2022
Company name: Visional, Inc.
Stock exchange listing: Tokyo Stock Exchange
Code number: 4194
URL: https://www.visional.inc/
Representative: Soichiro Minami, Representative Director and CEO
Contact: Risako Suefuji, Executive Officer, CFO and CAO
Phone: +81-3-4540-6200
Scheduled date of filing quarterly securities report: March 16, 2022
Scheduled date of commencing dividend payments: -
Availability of supplementary explanatory materials on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Scheduled (for institutional investors and securities analysts)
(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended January 31, 2022 (August 1, 2021 - January 31,
2022) | ||||||||
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||
owners of parent | ||||||||
Six months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % |
January 31, 2022 | 19,670 | 61.7 | 4,103 | 171.3 | 4,280 | 156.9 | 2,842 | 161.6 |
January 31, 2021 | 12,167 | - | 1,512 | - | 1,665 | - | 1,086 | - |
(Note) | Comprehensive income: Six months ended January 31, 2022: ¥2,842 million [161.6%] | ||||||||
Six months ended January 31, 2021: ¥1,086 million [ - %] | |||||||||
Basic earnings | Diluted earnings | ||||||||
per share | per share | ||||||||
Six months ended | Yen | Yen | |||||||
January 31, 2022 | 79.25 | 68.01 | |||||||
January 31, 2021 | 35.28 | - | |||||||
(Note) | The year-on-year rates of changes for the three months ended January 31, 2021 are not disclosed, as the | ||||||||
Company did not prepare consolidated financial statements for the three months ended January 31, 2020. | |||||||||
(2) Consolidated Financial Position | |||||||||
Total assets | Net assets | Equity ratio | |||||||
Million yen | Million yen | % | |||||||
As of January 31, 2022 | 39,133 | 25,389 | 64.9 | ||||||
As of July 31, 2021 | 35,076 | 22,536 | 64.2 |
(Reference) Equity: As of January 31, 2022: ¥25,386 million As of July 31, 2021: ¥22,533 million
2. Dividends
Annual Dividend | |||||||
1Q | 2Q | 3Q | Year-end | Annual | |||
Yen | Yen | Yen | Yen | Yen | |||
Fiscal year ended | ― | 0.00 | ― | 0.00 | 0.00 | ||
July 31, 2021 | |||||||
Fiscal year ending | ― | 0.00 | |||||
July 31, 2022 | |||||||
Fiscal year ending | |||||||
July 31, 2022 | ― | 0.00 | 0.00 | ||||
(Forecast) |
(Note) Revision to the forecast for dividends announced most recently: None
3. Consolidated Financial Results Forecast for the Fiscal Year Ending July 31, 2022 (August 1, 2021 - July 31, 2022)
(% indicates changes from the previous corresponding period.)
Profit attributable | Basic earnings | ||||||||
Net sales | Operating profit | Ordinary profit | to owners of | per share | |||||
parent | |||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
Full-year | 41,000 | 42.9 | 6,000 | 153.3 | 6,320 | 177.9 | 4,100 | 188.6 | 114.32 |
(Note) Revision to the financial results forecast announced most recently: None
* Notes:
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes in scope of consolidation): None
- Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements: None
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: Yes
- Changes in accounting policies other than 1) above: None
- Changes in accounting estimates: None
- Retrospective restatement: None
(Note) For details, please refer to "2. Quarterly Consolidated Financial Statements and Principal Notes, (4) Notes to
Quarterly Consolidated Financial Statements (Changes in accounting policies)" on page 10 of the Attachments. | ||
(4) Total number of issued shares (common shares) | ||
1) | Total number of issued shares at the end of the period (including treasury shares): | |
January 31, 2022: | 35,879,000 shares | |
July 31, 2021: | 35,858,000 shares | |
2) | Total number of treasury shares at the end of the period: | |
January 31, 2022: | 152 shares | |
July 31, 2021: | - shares | |
3) | Average number of shares during the period: | |
Six months ended January 31, 2022: | 35,863,827 shares | |
Six months ended January 31, 2021: | 30,791,226 shares |
(Notes) On December 6, 2020, as a result of exercising the put options of Class A preferred stock, the Company redeemed all the Class A preferred stock as treasury stock and issued common stock to the shareholders in return. On the same day, all shares of the treasury stock redeemed were then canceled in accordance with Article 178 of the Companies Act, following the resolution reached at the Board of Directors' meeting held on November 20, 2020. In addition, on December 7, 2020, the Company conducted a 100-for-1 stock split. Accordingly, "Total number of issued shares at the end of the period" and "Average number of shares during the period" were calculated assuming that the stock split was conducted at the beginning of the fiscal year ended July 31, 2020.
- These quarterly consolidated financial results are outside the scope of quarterly review by certified public accountants or an audit firm.
- Explanation of the proper use of financial results forecast and other notes
The statements regarding the forecast of financial results in this report are based on the information that is available to the Company, as well as certain assumptions that are deemed to be reasonable by management. Therefore, there might be cases in which actual results differ materially from forecast values due to various factors.
Table of Contents - Attachments | ||
1. Qualitative Information on Quarterly Financial Results................................................................................... | 2 | |
(1) | Explanation of Operating Results................................................................................................................. | 2 |
(2) | Explanation of Financial Position ................................................................................................................ | 3 |
(3) | Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information............. | 3 |
2. Quarterly Consolidated Financial Statements and Principal Notes .................................................................. | 4 | |
(1) | Quarterly Consolidated Balance Sheets ....................................................................................................... | 4 |
(2) | Quarterly Consolidated Statement of Income and Comprehensive Income ............................................... | 6 |
(3) | Quarterly Consolidated Statements of Cash Flows ...................................................................................... | 8 |
(4) | Notes to Quarterly Consolidated Financial Statements .............................................................................. | 10 |
(Notes on going concern assumption)................................................................................................... | 10 | |
(Notes in case of significant changes in shareholders' equity) ............................................................. | 10 | |
(Changes in accounting policies) .......................................................................................................... | 10 | |
(Segment information, etc.) .................................................................................................................. | 12 | |
(Business combinations) ....................................................................................................................... | 13 | |
(Significant subsequent events) ............................................................................................................ | 15 |
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1. Qualitative Information on Quarterly Financial Results
-
Explanation of Operating Results
Statements in this document about the future reflect our judgments as of the end of the current quarter of the fiscal year under review.
In the six months ended January 31, 2022, the state of the Japanese economy remained uncertain mainly due to concerns over a resurgence of COVID-19 cases caused by the emergence of a new variant strain, while expectations toward a return to normal economic activity were higher due to factors such as an increase in prevalence of vaccinations.
Under these circumstances, the Group's core BizReach business performed steadily, backed by a continued great willingness of companies to recruit and the increase in job seekers due to advertising.
As a result, in the six months ended January 31, 2022, the Group recorded net sales of ¥19,670 million (up 61.7% year on year), operating profit of ¥4,103 million (up 171.3% year on year), ordinary profit of ¥4,280 million (up 156.9% year on year), and profit attributable to owners of parent of ¥2,842 million (up 161.6% year on year).
Performance by segment was as follows.
- HR Tech
The HR Tech segment consists of BizReach, HRMOS, and other HR Tech services.
In the BizReach business, backed by continued recovery of human resources demand in the professional human resources domain, as of the end of the second quarter under review, the cumulative number of registered direct employers (Note 1) increased to more than 19,000 (compared to more than 17,100 as of the end of the previous fiscal year), the number of active headhunters (Note 2) remained more than 5,100 (compared to more than 5,100 as of the end of the previous fiscal year), and the number of scoutable job seekers (Note 3) increased to 1.52 million (compared to 1.38 million as of the end of the previous fiscal year). Although the number of active headhunters decreased in the first quarter mainly as a result of periodic screening to maintain platform quality, it increased in the second quarter under review, and as of the end of the second quarter, it reached the same level as that of the end of the previous fiscal year.
As a result, the BizReach business recorded net sales of ¥16,904 million (up 67.0% year on year) and adjusted operating profit before corporate expense allocation (Note 4) of ¥8,340 million (up 99.1% year on year).
In the HRMOS business, we are conducting marketing activities in order to expand the number of customers while continuing product investment such as the development of new functionality.
ARR (Note 5) of the HRMOS business rose 26.1% to ¥1,427 million, the number of unique paying
customers (Note 6) increased 23.7% to 1,050, and ARPU (Note 7) rose 1.9% to ¥113,290 from the end of the previous fiscal year. The churn rate (Note 8), which is a 12-month average, decreased to 0.79%.
As a result, the HRMOS business recorded net sales of ¥683 million (up 23.1% year on year) and an adjusted operating loss before corporate expense allocation (Note 4) of ¥1,397 million (loss of ¥687 million for the previous fiscal year).
As a result, in the six months ended January 31, 2022, the HR Tech segment recorded net sales of ¥18,706 million (up 63.9% year on year) and segment profit of ¥5,269 million (up 146.0% year on year).
(Notes) 1. The total number of employers that have subscribed to BizReach, excluding headhunters
- The number of headhunters that have been screened by BizReach, Inc.
- The number of registered BizReach users who have configured their employment history to be disclosed to hiring companies or who have configured their employment history to be disclosed to headhunters
- This is the operating profit or loss of the business before bearing the personnel expenses and
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Visional Inc. published this content on 15 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2022 06:59:05 UTC.
