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 Three Months Ended August 31, 2023
(Based on Japanese GAAP)
October 13, 2023
Company name:Gunosy Inc.
Stock exchange listing: Tokyo
Stock code:
Representative:

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

Yuya Taketani

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

Tatsuyuki Iwase
October 13, 2023

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 three months ended August 31, 2023 (from June 1, 2023 to August 31, 2023)(1) Consolidated operating results (cumulative)

Three months ended August 31, 2023
Three months ended August 31, 2022Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
1,880
(2.4)
(185)
–(525)–(714)–
1,927 (15.4)(83)–(628)–
384–
Earnings per share

Diluted earnings per shareYen(29.74)
16.06

Three months ended August 31, 2023
Three months ended August 31, 2022

Yen–
16.05

(2) Consolidated financial position
Total assets
As of August 31, 2023
As of May 31, 2023

Net assets

Millions of yen11,936
12,324Equity ratio

Millions of yen
10,504
10,857

%
87.4
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

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
7,880
(2.1)
(500)
–(999)–(1,070)–(44.57)

14. Notes(1) Changes in significant subsidiaries during the three months ended August 31, 2023
(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 August 31, 2023

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 August 31, 2023213,744 shares As of May 31, 2023

222,444 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended August 31, 2023

24,016,575 shares Three months ended August 31, 2022

2

23,917,852 shares

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

As of August 31, 2023

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Other
Total current assets

5,925
669

5,855
722

677

473

7,272

7,052

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

88

Other, net

44

Total property, plant and equipment

1212Goodwill
Other

40
034
0Intangible assets

Total intangible assets

4034

Investments and other assets
Investment securities

4,940

4,766

Deferred tax assets
Other

18
39

31
39

4,998

4,837

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

3

5,051

4,884

12,324

11,936

(Millions of yen)
As of May 31, 2023

As of August 31, 2023

Liabilities
Current liabilities
Accounts payable - trade

421

430

Accounts payable - other
Income taxes payable

325
42393
43

Advances received
Provision for point card certificates

466
0398
09–18

Provision for share awards
Provision for bonuses
Other

172

110

1,438

1,386

Provision for share awards
Deferred tax liabilities

919

13
32

Total non-current liabilities

28

46

1,466

1,432

Shareholders' equity
Share capital

4,099

4,099

Capital surplus
Retained earnings

4,099
2,478

4,099
1,764

Treasury shares

(307)

(298)

10,3699,664

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

169052124

Foreign currency translation adjustment

311

588

Total accumulated other comprehensive income

419

766

68

73

10,857

10,504

12,324

11,936

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)Three months ended

Three months ended

August 31, 2022

August 31, 2023

Net sales
Cost of sales

1,927
1,192

1,880
1,194

Gross profit

734

686

Selling, general and administrative expenses

817

871

Operating loss

(83)

(185)

Interest income
Foreign exchange gains

014

16

Other

00

Total non-operating income

158

4
728

Share of loss of entities accounted for using equity method
Other

549
0337
–

Total non-operating expenses

561

348

(628)

(525)

Gain on change in equity

1,001

–

Total extraordinary income

1,001––

165

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

Ordinary loss
Extraordinary income

Extraordinary losses
Loss on valuation of investment securities
Total extraordinary losses–

165

Profit (loss) before income taxes

372

(690)

Income taxes - current

1234

Income taxes - deferred

(17)

(11)

Total income taxes

(4)

23

Profit (loss)

377

(714)

Loss attributable to non-controlling interests(6)–

Profit (loss) attributable to owners of parent

384(714)5

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

Profit (loss)
Other comprehensive income

Three months ended

Three months ended

August 31, 2022

August 31, 2023
377(714)32
11036342–289

277

434347

Comprehensive income812(367)

Comprehensive income attributable toComprehensive income attributable to owners of parent

818

(367)

(6)

–

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income of entities accounted
for using equity method
Total other comprehensive income

Comprehensive income attributable to non-controllinginterests

6