Bushiroad Financial Report for First Three Quarters of Fiscal 2020

Key insights

6 takeaways

01
Bushiroad reported net sales of 25,224 million yen for the first three quarters of fiscal 2020, marking a 7.2% increase compared to the same period in the previous year.
02
Profitability contracted significantly, with operating profit falling 11.4% to 2,214 million yen and net profit attributable to owners of the parent dropping 15.1% to 1,230 million yen.
03
Total assets expanded substantially to 34,970 million yen from 24,136 million yen at the end of fiscal 2019, though the equity-to-asset ratio tightened from 46.9% to 36.8%.
04
Earnings per share declined to 76.63 yen for the nine-month period, down from 106.57 yen in the corresponding period of the prior year.
05
Management has declined to issue a formal earnings forecast for the remainder of fiscal 2020, citing the inability to make reliable calculations under current market conditions.
06
The company maintained a policy of zero dividend payouts for the period.

Summary

Bushiroad’s financial performance for the first three quarters of fiscal year 2020, covering the period from August 1, 2019, to April 30, 2020, reflects a period of top-line growth coupled with a contraction in profitability. The company generated net sales of 25,224 million yen, representing a 7.2 percent increase compared to the same period in the previous fiscal year. Despite this revenue expansion, operating profit declined by 11.4 percent to 2,214 million yen, while ordinary profit fell by 12.6 percent to 2,205 million yen. Profit attributable to owners of the parent reached 1,230 million yen, a 15.1 percent decrease from the prior year.

The company’s financial position shows a significant expansion in scale, with total assets rising to 34,970 million yen from 24,136 million yen at the end of fiscal 2019. Net assets also grew to 13,532 million yen, though the equity-to-asset ratio tightened from 46.9 percent to 36.8 percent. Profit per share for the nine-month period was recorded at 76.63 yen, down from 106.57 yen in the corresponding period of the previous year.

Management has opted not to provide a formal earnings forecast for the remainder of the 2020 fiscal year, citing the difficulty of making reasonable calculations under current conditions. Consequently, the outlook remains undetermined, with the company committing to provide updates as soon as reliable projections become feasible. No dividends were declared for the period, maintaining a consistent policy of zero payouts for the fiscal year. These results were prepared in accordance with Japanese GAAP and reflect the consolidated performance of the organization.