Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Nine Months Ended February 29, 2024
(Based on Japanese GAAP)
April 12, 2024
Company name:Gunosy Inc.
Stock exchange listing: Tokyo
Stock code:
Representative:

6047
URL https://gunosy.co.jp
Representative Director and President

Kentaro Nishio

Inquiries:
Corporate Officer and CFO
Scheduled date to file Quarterly Securities Report:

Tatsuyuki Iwase
April 12, 2024

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–Yes

Holding of quarterly financial results meeting:

NoTEL(03)5953-8030(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended February 29, 2024 (from June 1, 2023 to February 29, 2024)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended February 29, 2024
Nine months ended February 28, 2023

Millions of yen
5,649
6,045

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
(6.5)
(112)
–(859)–(913)
–
(8.4)
(156)
–
(1,233)–(492)–Earnings per share

Diluted earnings per share

Yen(37.99)(20.56)Nine months ended February 29, 2024
Nine months ended February 28, 2023

Yen––(2) Consolidated financial position
Total assets
As of February 29, 2024
As of May 31, 2023Net assets

Millions of yen
11,366
12,324Equity ratio

Millions of yen
10,155
10,857

%
88.7
87.5

2. Cash dividends
Annual dividends per share

Year ended May 31, 2023
Year ending May 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
0.00
0.00

Yen
––

Yen
0.00

Yen
0.00

––

Year ending May 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending May 31, 2024 (from June 1, 2023 to May 31, 2024)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
7,290
(9.5)
(30)
–(1,044)–(1,170)–(48.67)1

4. Notes(1) Changes in significant subsidiaries during the nine months ended February 29, 2024
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

NoNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of February 29, 2024

24,237,774 shares As of May 31, 2023

24,237,774 shares

Number of treasury shares at the end of the period
As of February 29, 2024

158,719 shares As of May 31, 2023

222,444 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended February 29, 2024

24,052,414 shares Nine months ended February 28, 2023

223,963,159 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of May 31, 2023

As of February 29, 2024

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
OtherTotal current assets

5,925669

5,559702677

695

7,272

6,957

Non-current assets
Property, plant and equipment
Buildings and structures, net

88

Other, net

43

Total property, plant and equipment

1212Goodwill
Other

40
0–0

Intangible assets

Total intangible assets

400

Investments and other assets
Investment securities

4,940

4,355

Deferred tax assets
Other

18
39

1
40

4,998

4,396

Total investments and other assets
Total non-current assets
Total assets

3

5,051

4,408

12,324

11,366

(Millions of yen)
As of May 31, 2023

As of February 29, 2024

Liabilities
Current liabilities
Accounts payable - trade

421

259

Accounts payable - other
Income taxes payable

325
42306
111

Advances received
Provision for point card certificates

466
0292
–

9–

321

Provision for share awards
Provision for bonuses
Other

172

90

1,438

1,086

Provision for share awards
Deferred tax liabilities

919

13
111

Total non-current liabilities

28

124

1,466

1,210

Shareholders' equity
Share capital

4,099

4,099

Capital surplus
Retained earnings

4,099
2,478

4,099
1,512

Treasury shares

(307)

(211)

10,3699,500

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

1690807Foreign currency translation adjustment

311492

Total accumulated other comprehensive income

419

580

6875

10,857

10,155

12,324

11,366

Total current liabilities
Non-current liabilities

Total liabilities
Net assets

Total shareholders' equity
Accumulated other comprehensive income

Share acquisition rights
Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended

Nine months ended

February 28, 2023

February 29, 2024

Net sales
Cost of sales

6,045
3,675

5,649
3,464

Gross profit

2,369

2,185

Selling, general and administrative expenses

2,526

2,297

Operating loss

(156)

(112)

Interest income
Foreign exchange gains

5931
20

Other

23

Total non-operating income

1855

1217

727

Share of loss of entities accounted for using equity method
Other

1,055
10768
0

Total non-operating expenses

1,095

802(1,233)(859)

9––3861,001
18–
02–

1,030

386––

22165

Non-operating income

Non-operating expenses
Commission expenses
Loss on investments in investment partnerships

Ordinary loss
Extraordinary income
Gain on sale of investment securities
Gain on sale of shares of subsidiaries and associates
Gain on change in equity
Gain on reversal of share acquisition rights
Other
Total extraordinary income
Extraordinary losses
Impairment losses
Loss on valuation of investment securities–187

Loss before income taxes

Total extraordinary losses

(202)

(660)

Income taxes - current
Income taxes - deferred66
226

151
101

Total income taxes

293

252

Loss(495)(913)

Loss attributable to non-controlling interests
Loss attributable to owners of parent

5(2)–(492)(913)

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

Loss
Other comprehensive income

Nine months ended

Nine months ended

February 28, 2023

February 29, 2024
(495)

(913)

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

61763
(83)

Foreign currency translation adjustment
Share of other comprehensive income of entities accounted

10–

(16)

180

17160

Comprehensive income

(477)

(752)

Comprehensive income attributable toComprehensive income attributable to owners of parent

(475)

(752)

(2)

–

for using equity method
Total other comprehensive income

Comprehensive income attributable to non-controllinginterests

6