Business Report

Consolidated Financial Results

for the Second Quarter of FY2022

(Ending March 31, 2023)

GUNZE LIMITED

TSE Prime (Code:3002)

1

FY2022 2Q Results Overview

2

Ⅰ-1. Consolidated Financial Summary

Consolidated Results

Millions of yen, %

Y over Y

Operating margin

FY2022

FY2021

(%)

2Q

2Q

Increase

Change

FY2022

FY2021

(Decrease)

(%)

2Q

2Q

Net Sales

67,350

59,391

7,958

13.4%

-

-

Operating

2,806

3,340

(533)

(16.0%)

4.2%

5.6%

Profit

Ordinary

3,087

3,771

(684)

(18.1%)

4.6%

6.3%

Profit (loss)

Net profit (loss)

attributable to

2,206

5,002

(2,795)

(55.9%)

3.3%

8.4%

owners of the

parent

FY2021 Gain on sales of fixed assets [Tokyo Branch Office, etc.] 4,505

Impairment loss [sale of commercial facilities]

(881)

3

Ⅰ-1. Consolidated Financial Summary [Supplementary matter]

Timely disclosure on November 2, 2022

Notification of Stock Repurchase

1. Purpose of stock repurchase

To carry out flexible capital policies in response to changes in the economic environment.

2. Details of repurchase

  1. Class of shares: Common stock of Gunze
  2. Total number of shares to be repurchased: Up to 250,000 shares

(1.37% of the total number of shares outstanding)

  1. Total amount: Up to 1,000 million yen
  2. Period: From November 4, 2022 to February 28, 2023

(Reference) Status of treasury stock as of September 30, 2022

Number of outstanding shares excluding treasury stock: 17,293,798

Number of shares of treasury stock: 999,718

4

Ⅰ-2. FY2022 2Q Performance by Segment

Consolidated Results

(Millions of yen)

Net Sales

Operating Profit (margin, %)

FY2022

FY2021

Increase

FY2022

FY2021

Increase

2Q

2Q

(Decrease)

2Q

2Q

(Decrease)

Functional 30,389 26,630 Solutions

Apparel 30,082 27,445

Lifestyle 7,172 5,597 Creations

Total

67,350

59,391

14.1%

3,759

9.6

2,637

28.1

1,574

13.4

7,958

4,193 3,833

13.8% 14.4%

190 763

0.6% 2.8%

198 149

2.8% 2.7%

2,806 3,340

4.2% 5.6%

9.4%

359

(75.1%)

(572)

32.9%

49

(16.0%)

(533)

5

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Disclaimer

Gunze Ltd. published this content on 22 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2022 08:24:02 UTC.