Sansan, Inc. (“the Company”) announces today that it has booked the following extraordinary losses in the financial results for the fiscal year ended May 31, 2023 (“FY2022”). In addition, the Company announces the differences between the consolidated financial results for FY2022 and the actual results for the previous fiscal year (“FY2021”), as follows.
With regard to some of the investment securities held by the Company, the Company recorded under extraordinary losses ¥980 million loss on valuation of investment securities due to impairment, because the market price had dropped significantly compared with their acquisition price.
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Note: Adjusted operating profit = operating profit + share-based payment expenses + expenses arising from business combinations (amortization of goodwill and amortization of intangible assets).
Note: As reasonably estimating share-based payment expenses, which may fluctuate greatly depending on the Company’s stock price level, and some other non-operating income and expenses are beset with difficulties, specific forecast figures are disclosed for net sales and adjusted operating profit only.
The difference in operating profit was due to factors that newly incurred expenses related to stock options with share price condition granted to the Company’s directors and Group employees, whose expenses fluctuate according to the level of the Company’s stock price, and expenses relating to trust-type stock options. In addition to the difference at the operating profit stage, the difference in ordinary profit was mainly due to gain on sale of investment securities of ¥979 million recorded as non-operating income in the previous fiscal year. Also, in addition to the difference at the ordinary profit stage, the difference in profit attributable to owners of parent was due to the recording of extraordinary losses, as described in (1.) above.