StageOther Investors | Alive
Missing: Dears Brain's Product Demo & Case Studies
Promote your product offering to tech buyers.
Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
Missing: Dears Brain's Product & Differentiators
Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).
Latest Dears Brain News
Aug 24, 2021
08/23/2021 | 11:04pm EDT Message : (Six Months Ended June 30, 2021) [Japanese GAAP] Stock code: Inquiries: Tel: +81-6-6881-3220 Scheduled date of payment of dividend: September 1, 2021 Preparation of supplementary materials for quarterly financial results: Yes Holding of quarterly financial results meeting: Yes (Only a webcast is planned to prevent the spread of COVID-19)(All amounts are rounded down to the nearest millions of yen) 1. Consolidated Financial Results for the 2nd Quarter of 2021 (January 1, 2021 - June 30, 2021) (1) Consolidated operating results (cumulative) (Percentages represent changes from the same period of the previous fiscal year) Net sales 2Q 2020: (3,148) (-%) Yen 2Q 2021: 33,495 3. Consolidated Outlook for Fiscal Year 2021 (January 1, 2021 - December 31, 2021) (Percentages represent changes from the same period of the previous fiscal year) Net sales * Notes Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes in scope of consolidation): Yes Excluded: 3 (Dears Brain Inc., PLANETWORK CO., LTD., WONDERSTAGE Co., Ltd.) Note: Please refer to "2. Quarterly Consolidated Financial Statements and Notes, (4) Notes to Quarterly Consolidated Financial Statements (Changes in Significant Subsidiaries during the Period)" on page 10 for further information. Application of special accounting methods for presenting quarterly consolidated financial statements: Yes Note: Please refer to "2. Quarterly Consolidated Financial Statements and Notes, (4) Notes to Quarterly Consolidated Financial Statements (Application of Special Accounting Methods for Presenting Quarterly Consolidated Financial Statements)" on page 10 for further information. Changes in accounting policies and accounting-based estimates, and restatements Changes in accounting policies due to revisions in accounting standards, others: None Changes in accounting policies other than 1) above: None Changes in accounting-based estimates: None Restatements: None Number of shares outstanding at the end of the period (including treasury shares) 2Q 2021: 2Q 2021: 2Q 2021: 40,191,510 shares This quarterly financial report is not subject to quarterly review by certified public accountants or auditing firms. Cautionary statement with respect to forward-looking statements Cautionary statement with respect to forecasts The above projections are based on information available at the time of release of this report. Actual results could differ significantly from these projections due to a variety of factors. For further details regarding the projections, please refer to page 4, "1. Qualitative Information on Quarterly Consolidated Financial Performance, (3) Explanation of Consolidated Forecasts and Other Forward-looking Statements." How to view supplementary information at the financial results meeting There will be no meeting for the presentation of the financial results for the second quarter of 2021 because of the COVID-19 pandemic. A video of this presentation is planned to be posted on the Senshukai website soon. In addition, materials used for this presentation will be disclosed using the Timely Disclosure network (TDnet) and will be posted on the Senshukai website. SENSHUKAI CO.,LTD. (8165) Financial Results for the Second Quarter of Fiscal Year 2021 Contents of Attachments 1. Qualitative Information on Quarterly Consolidated Financial Performance (1) Explanation of Results of Operations In the first half (January 1 to June 30) of 2021, the business environment remained severe due to restrictions on economic activity and sluggish personal consumption caused by the resurgence of COVID -19. Vaccinations have started, but state of emergency or priority measures to prevent the spread of the infection are still being implemented in some areas and the outlook continues to be uncertain. In Japan's retail industry, "out-of-home consumption," which involves visiting stores, continues to face a difficult situation. On the other hand, mail-order and online shopping sales are growing steadily. We assume that such changes in consumer values and consumption behavior will not be merely transient or temporary, but irreversible. In this business environment, sales were down but earnings increased in the mail-order and online shopping business compared with the first half of 2020, as the special demand for stay-at-home consumption caused by the COVID- 19 pandemic settled down and the scale of sales promotion activities was reduced. In addition, following the sale of shares at the end of the first quarter, a subsidiary company in the bridal business was excluded from the Group's scope of consolidation. Net sales in the first half of 2021 were down 10.2% year-over-year to 37,905 million yen. There was an operating profit of 473 million yen compared with an operating loss of 563 million yen in the first half of 2020. Ordinary profit was 499 million yen compared with a loss of 2,898 million yen in the first half of 2020. Profit attributable to owners of parent was 478 million yen compared with a loss of 3 ,000 million yen in the first half of 2020. Business segment performance was as follows. From the first quarter of 2021, the credit card business, which was formerly included in the insurance and credit card business segment, has been reclassified and included in the mail -order and online shopping business segment for better coordination to the mail-order and online shopping business. In line with this change, the insurance and credit card business segment has been renamed as the "insurance business" segment. Prior-year segment information has been revised to incorporate this new segment to permit comparisons. (Mail-order and Online Shopping Business) Consolidated sales in the mail-order and online shopping business, which is primarily the catalog and the Internet businesses, decreased 5.3% year-over-year to 32,842 million yen in the first half. Operating profit increased 8.8% to 1,331 million yen. In the first half of 2021, the mail order service was firmly established because of the COVID -19 pandemic. However, the special demand for stay-at-home consumption has settled down from the level seen in the previous year. In addition, the Group scaled down its sales promotion programs implemented in the previous year to expand its customer base. Instead, the Group prioritized measures to encourage its existing members to continue making use of the service. Sales decreased and earnings increased due to the improvement in gross profit margins mainly resulting from the implementation of ongoing operational reforms. (Bridal Business) Consolidated subsidiaries Dears Brain Inc. and PLANETWORK CO., LTD., and WONDERSTAGE Co., Ltd. , a wholly owned subsidiary of Dears Brain and a sub-subsidiary of Senshukai, were excluded from the scope of consolidation following the sales of all shares of Dears Brain and PLANETWORK on March 31, 2021. In the first quarter of 2021, when the Group had withdrawn from these businesses, consolidated sales in the bridal business decreased 51.3% year-over-year to 1,733 million yen and there was an operating loss of 1,045 million yen compared with a loss of 505 million yen in the first quarter of 2020. - 2 -
Dears Brain Frequently Asked Questions (FAQ)
What is Dears Brain's latest funding round?
Dears Brain's latest funding round is Other Investors.
Who are the investors of Dears Brain?
Investors of Dears Brain include Globis Capital Partners.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.