News
Press Release
Tokyo, Aug 31, 2020 - Macromill, Inc. (Headquarters: Minato-ku, Tokyo; hereinafter, “Macromill”) announces Macromill has recognized impairment loss related to its overseas business goodwill during the fiscal year ended June 30, 2020 (July 1, 2019 - June 30, 2020) as follows. Based on the impairment loss recognition, Macromill also announces the differences between its consolidated financial results forecasts for the fiscal year ended June 30, 2020 and its actual financial results disclosed today as follows.
Regarding the goodwill related to the Overseas Business (ex-Korea) , Macromill recognized an impairment loss of 5,280 million Japanese Yen because it became unexpectable to recover an investment based on the current financial results for the fiscal year ended June 30, 2020 and its future profitability. This impairment loss will impact Operating Profit and all other profits below because it will be recognized as an Operating Loss under the IFRS regulation. In addition, based on the above-mentioned impairment loss recognition, Macromill recognized 3,444 million Japanese Yen of loss on the valuation of shares of subsidiaries and associates at the parent company’s financial results.
(Millions in Yen, unless otherwise stated)
|
Revenue |
EBITDA |
Operating Profit |
Profit before tax |
Profit for the period |
Profit attributable to owners of the parent |
Basic earnings per share (Yen) |
||
Previous forecasts (a) |
40,000 |
7,500 |
4,600 |
4,300 |
2,900 |
2,400 |
59.62 |
|
Results (b) |
41,270 |
8,651 |
396 |
8 |
(1,685) |
(2,131) |
(53.42) |
|
Variance (b-a) |
1,270 |
1,151 |
(4,204) |
(4,292) |
(4,585) |
(4,531) |
(113.04) |
|
% change (b/a) |
3.2% |
15.3% |
(91.4%) |
(99.8%) |
― |
― |
― |
|
(Ref.) |
FY6/2019 Results (c) |
44,279 |
9,167 |
7,751 |
7,285 |
5,262 |
4,702 |
117.90 |
% change (b/c) |
(6.8%) |
(5.6%) |
(94.9%) |
(99.9%) |
― |
― |
― |
|
Revenue remained at the same level as the full-year consolidated financial results forecast for the fiscal year ended June 30, 2020 announced on May 13, 2020, however, Operating Profit, Profit before tax, Profit for the period, and Profit attributable to owners of the parent became significantly lower than the forecasts because Macromill recognized the impairment loss of the goodwill related to the Overseas Business (ex-Korea) segment as stated above. Please refer to “Summary of Consolidated Financial Statements for the Fiscal Year Ended June 30, 2020 [IFRS]” disclosed today for more details.
Ends,