39
Financial Results for the Fiscal Year Ended February 28, 2023
(Japanese GAAP, Consolidated)
April 14, | 2023 | ||||||||||||
Name of company: | dip Corporation | Stock exchange listing: Tokyo Stock Exchange | |||||||||||
Stock code: | 2379 | URL: | |||||||||||
Representative: | Hideki Tomita, Representative Director, President and CEO | ||||||||||||
Contact: | Haruhiko Arai, Corporate Officer, CFO, Head of Corporate Management Group | ||||||||||||
Phone: +81351141177 | |||||||||||||
Scheduled date of general shareholders meeting: | May 24, 2023 | Dividend payment date: | May 25, 2023 | ||||||||||
Scheduled date of filing financial statements: | May 25, 2023 | ||||||||||||
Supplementary documents to the financial results: | Available | ||||||||||||
Financial results briefing: | Scheduled (for institutional investors and analysts) | ||||||||||||
(All figures are rounded down to the nearest million yen) | |||||||||||||
1. Consolidated Operating Results for FY'23/2 (the Period of March 1, 2022 to February 28, 2023) | |||||||||||||
(1) Consolidated business performance | (Percentage figures indicate yearonyear change) | ||||||||||||
Net Income | |||||||||||||
Sales | Operating Income | Ordinary Income | Attributable to | ||||||||||
Owners of Parent | |||||||||||||
¥ million | % | ¥ million | % | ¥ million | % | ¥ million | % | ||||||
FY'23/2 | 49,355 | 24.9 | 11,538 | 106.0 | 11,599 | 118.0 | 7,935 | 127.5 | |||||
FY'22/2 | 39,515 | 21.6 | 5,602 | (23.4) | 5,320 | (18.2) | 3,487 | 473.9 |
(Reference) Comprehensive income: | FY'23/2 ¥ 8,424 million (138.7%) | FY'22/2 | ¥3,529 million (493.3%) | |||
Net Income | Diluted Net Income | Return on Equity | Return on Assets | Operating Income to | ||
per Share | per Share | Sales Ratio | ||||
¥ | ¥ | % | % | % | ||
FY'23/2 | 142.04 | 141.65 | 22.7 | 25.0 | 23.4 | |
FY'22/2 | 62.77 | 62.61 | 11.1 | 13.6 | 14.2 |
(Reference) Equity in earnings of affiliates:FY'23/2 ¥380 millionFY'22/2 ¥(124) million
Note: Figures for FY'23/2 are figures that have been applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29; March 31, 2020) and others, which were adopted at the beginning of FY'23/2. The percentage changes are calculated using the consolidated earnings for FY'22/2 before applying said accounting standards.
(2) Consolidated financial position
Total Assets | Net Assets | Shareholders' Equity Ratio | Net Assets per Share | |
¥ million | ¥ million | % | ¥ | |
As of February 28, 2023 | 50,167 | 38,242 | 75.0 | 673.93 |
As of February 28, 2022 | 42,454 | 32,989 | 76.4 | 581.26 |
(Reference) Shareholders' equity: February 28, 2023 ¥37,623 million February 28, 2022 ¥32,415 million
Note: Figures as of February 28, 2023, are figures that have been applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29; March 31, 2020) and others, which were adopted at the beginning of FY'23/2.
(3) Consolidated cash flows
Cash Flows from | Cash Flows from | Cash Flows from | Balance of Cash and Cash | |||||||||||
Operating Activities | Investing Activities | Financing Activities | Equivalent at End of Period | |||||||||||
¥ million | ¥ million | ¥ million | ¥ million | |||||||||||
FY'23/2 | 13,203 | (4,121) | (3,680) | 21,974 | ||||||||||
FY'22/2 | 10,482 | (3,850) | (2,524) | 16,589 | ||||||||||
2. Dividends | ||||||||||||||
Annual Dividends | Dividend | Ratio of | ||||||||||||
Total Dividend | Dividends to | |||||||||||||
Payout Ratio | ||||||||||||||
End of Q1 | End of Q2 | End of Q3 | Yearend | Total | Payment | Net Assets | ||||||||
(Consolidated) | ||||||||||||||
(Consolidated) | ||||||||||||||
¥ | ¥ | ¥ | ¥ | ¥ | ¥ million | % | % | |||||||
FY'22/2 | | 27.00 | | 34.00 | 61.00 | 3,502 | 97.2 | 10.8 | ||||||
FY'23/2 | | 34.00 | | 38.00 | 72.00 | 4,137 | 50.7 | 11.5 | ||||||
FY'24/2 (forecast) | | 35.00 | | 48.00 | 83.00 | 49.3 |
3. Consolidated Operating Results Forecast for FY'24/2 (the Period of March 1, 2023 to February 29, 2024)
(Percentage figures indicate year-on-year change)
Net Income | Net Income | ||||||||||
Sales | Operating Income | Ordinary Income | Attributable to | ||||||||
per Share | |||||||||||
Owners of Parent | |||||||||||
¥ million | % | ¥ million | % | ¥ million | % | ¥ million | % | ¥ | |||
Full year | 56,300 | 14.1 | 14,500 | 25.7 | 14,100 | 21.6 | 9,400 | 18.5 | 168.26 |
First-half forecasts have not been made.
- Notes
-
Changes in significant subsidiaries during the period (Changes in specified subsidiaries causing changes in scope of consolidation): None
Newly included: None
Excluded: None
(2) Changes in accounting policies, changes in accounting estimates and restatements during the period under review
1. | Changes in accounting policies resulting from revisions to accounting standards: | Yes |
2. | Changes in accounting policies other than those in 1 above: | None |
3. | Changes in accounting estimates: | None |
4. | Restatements: | None |
(3) Number of outstanding shares (Common stock) | |||||
1. | Number of shares issued at end of period | FY'23/2 | 60,140,000 shares | FY'22/2 | 60,140,000 shares |
(including treasury shares) | |||||
2. | Number of treasury shares at end of period | FY'23/2 | 4,313,065 shares | FY'22/2 | 4,371,937 shares |
3. Average number of shares outstanding | FY'23/2 | 55,866,330 shares | FY'22/2 | 55,554,875 shares | |
during the period | |||||
Treasury shares include the number of Company shares owned by the ESOP trust account (1,562,485 shares at the end of FY'22/2; 1,477,075 shares at the end of FY'23/2) and the number of Company shares owned by BIP trust account (100,706 shares at the end of FY'22/2; 91,462 shares at the end of FY'23/2).
(Reference) Overview of non-consolidated operating results | |||||||||||||
Non-consolidated Operating Results for FY'23/2 (from March 1, 2022 to February 28, 2023) | |||||||||||||
(1) Non-consolidated business performance | (Percentage figures indicate year-on-year change) | ||||||||||||
Sales | Operating Income | Ordinary Income | Net income | ||||||||||
¥ million | % | ¥ million | % | ¥ million | % | ¥ million | % | ||||||
FY'23/2 | 49,355 | 24.9 | 11,606 | 104.7 | 10,552 | 93.8 | 7,272 | 101.4 | |||||
FY'22/2 | 39,515 | 21.6 | 5,671 | (23.0) | 5,446 | (24.7) | 3,610 | 482.1 | |||||
Net Income | Diluted Net Income | ||||||||||||
per Share | per Share | ||||||||||||
¥ | ¥ | ||||||||||||
FY'23/2 | 130.18 | 129.82 | |||||||||||
FY'22/2 | 64.99 | 64.83 |
Note: Figures for FY'23/2 are figures that have been applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29; March 31, 2020) and others, which were adopted at the beginning of FY'23/2. The percentage changes are calculated using the non-consolidated earnings for FY'22/2 before applying said accounting standards.
(2) Non-consolidated financial position
Total Assets | Net Assets | Shareholders' Equity Ratio | Net Assets per Share | |||
¥ million | ¥ million | % | ¥ | |||
As of February 28, 2023 | 50,007 | 38,085 | 75.0 | 671.43 | ||
As of February 28, 2022 | 42,959 | 33,496 | 76.7 | 590.64 | ||
(Reference) Shareholders' equity: | FY'23/2 | ¥37,483 million | FY'22/2 ¥32,939 million |
Note: Figures as of February 28, 2023, are figures that have been applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29; March 31, 2020) and others, which were adopted at the beginning of FY'23/2.
- Financial result reports are not subject to audits by a certified public accountant or an audit firm.
- Explanation on the appropriate use of operating results forecasts and other notes
(Notes on forward-looking statements)
The forward-looking statements contained herein are based on the information currently available to the Company's management and certain assumptions the Company deems reasonable at the time of preparing Financial Results. Actual results may differ significantly from the forecasts due to a variety of factors. For assumptions regarding operating results forecasts and notes on the
use of the forecasts, see the section "1. Summary of Operating Results, etc., (5) Outlook" on page 5.
(Delivery of supplementary documents on the financial results)
Supplementary documents for the financial results are scheduled to be posted on the Company's website on Friday, April 14, 2023.
○Table of Contents | ||
1. Summary of Operating Results, etc. .................................................................................................................................................... 2 | ||
(1) | Operating Results | 2 |
(2) | Financial Position | 3 |
(3) | Cash Flows | 4 |
(4) | Basic Policy on Profit Distribution and Dividends for the Fiscal Year under Review and the Upcoming Fiscal Year | 4 |
(5) | Outlook | 5 |
2. Situation of the Corporate Group | 6 | |
3. Basic Approach towards Selection of Accounting Standards | 7 | |
4. Consolidated Financial Statements and Notes | 8 | |
(1) | Consolidated Balance Sheet | 8 |
(2) | Consolidated Statements of Income and Comprehensive Income | 10 |
Consolidated Statement of Income | 10 | |
Consolidated Statement of Comprehensive Income | 11 | |
(3) | Consolidated Statement of Changes in Equity | 12 |
(4) | Consolidated Statement of Cash Flows | 14 |
(5) | Notes to Consolidated Financial Statements | 15 |
(Notes on Going Concern Assumption) | 15 | |
(Bases of Presenting Consolidated Financial Statements) | 15 | |
(Changes in Accounting Policies) | 18 | |
(Additional Information) | 19 | |
(Consolidated Balance Sheet) | 22 | |
(Consolidated Statement of Income) | 23 | |
(Consolidated Statement of Comprehensive Income) | 24 | |
(Consolidated Statement of Changes in Equity) | 25 | |
(Consolidated Statement of Cash Flows) | 28 | |
(Segment Information, etc.) | 29 | |
(Revenue Recognition) | 33 | |
(Per share Information) | 34 | |
(Significant Subsequent Events) | 34 |
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1. Summary of Operating Results, etc.
The Company has adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29; March 31, 2020) and others since the beginning of FY'23/2. The year-on-year comparisons and comparison with the end of FY'22/2 in "(1) Operating Results" and "(2) Financial Position" are based on the consolidated earnings for FY'22/2 before applying said Accounting Standard and others. For further details, see "4. Consolidated Financial Statements and Notes, (5) Notes to Consolidated Financial Statements, (Changes in Accounting Policies)".
(1) Operating Results
Since its establishment in 1997, dip Corporation (the "Company") has assisted its client companies with the recruiting and deployment of human resources by providing online job information sites, as well as creating an environment where each job seeker can work with enthusiasm and energy, based on its corporate philosophy of 'Here at dip, we want to tap into dreams, ideas and passion to create a better society.'
Since FY'20/2, under the corporate vision of becoming a 'Labor force solution company,' the Company has been aiming to realize a society in which everyone can experience the joy and happiness of work, through the provision of personnel recruiting services and DX (digital transformation) services and by working to solve various problems in the labor market.
Thanks to the steady expansion of the personnel recruiting services business that outpaced the market recovery and the high year- on-year growth of the DX business, sales for FY'23/2 ended at ¥49,355 million (up 24.9% year on year).
The Company also made investments in human resources, such as hiring new graduates in 2022 to further strengthen the sales force, as well as aggressive advertising investments, among others. As a result, operating income, ordinary income, and net income attributable to owners of parent came to ¥11,538 million (up 106.0% year on year), ¥11,599 million (up 118.0% year on year), and ¥7,935 million (up 127.5% year on year), respectively.
The following is a summary of results by segment.
-
Personnel Recruiting Services Business
The personnel recruiting services business operates job advertising platforms, including Baitoru, a job information site for part-
time workers, Baitoru NEXT, a job information site for regular employees and contract employees, Hatarako.net, a comprehensive job information site, and Baitoru PRO, a comprehensive job information site for specialized jobs. The Company aims to expand the user and customer bases for these platforms by leveraging its strengths in sales, service development, and promotion.
During FY'23/2, sales of the personnel recruiting services business grew beyond pre-pandemic levels in the part-time and temporary job information media market which had not recovered to pre-pandemic levels. As a result, segment sales and segment profit for FY'23/2 ended at ¥44,577 million (up 21.5% year on year) and ¥14,849 million (up 56.1% year on year), respectively.
(ii) DX Business
Since September 2019, the DX business has been supporting the digital transformation (DX) of SMEs through the offering of the KOBOT series, a SaaS DX product series that offers reasonable and extensive customer service and is easy to introduce due to its specific design for small and medium sized companies.
During FY'23/2, a reinforcement of the sales promotion system led to an increase in sales of the Interview Scheduling KOBOT, which automatically schedules interviews with job applicants, and Temp Agency KOBOT, which supports dispatch companies' sales activities with automated sales list creation services, as well as recurring products* including the Corporate Recruiting Page KOBOT, which creates client recruiting pages featuring Baitoru's unique functions such as workplace introduction videos. As a result, segment sales and segment profit ended at ¥4,778 million (up 68.9% year on year) and ¥2,132 million (up 187.3% year on year), respectively.
*Recurring products: Products with automatic renewal or long-term contracts.
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DIP Corporation published this content on 14 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2023 02:09:01 UTC.