Q2 2022 Park24 Co Ltd Earnings Presentation Transcript

Jun 15, 2022 / NTS GMT

Release Date Price: $14.51

Transcript

Koichi Nishikawa

PARK24 Co., Ltd. - President & Representative Director

This is Nishikawa. Thank you for your time today. I will now proceed to explain the financial results for the first half of the fiscal year ending October 31, 2022.

First of all, these are the consolidated results for the first half of FY 2022. Net sales were JPY 135.8 billion. Gross profit was JPY 29.6 billion. Operating profit was JPY 5.5 billion, and recurring profit was JPY 3.9 billion. In contrast, the bottom line was net loss of JPY 600 million, which means that we were able to secure profits up to recurring profit for the first time in 3 years, but net profit was still in the red in the second quarter.

There is a difference of JPY 4.5 billion between recurring profit and net profit. The breakdown of this difference is JPY 1.5 billion in extraordinary losses

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