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Corporation
INTERNET | eCommerce / Marketplace
uluru.biz

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Stage

Unattributed VC | Alive

Total Raised

$5.8M

Last Raised

$5.8M | 7 yrs ago

About Uluru

Uluru is the operator of Shufti (www.shufti.jp), a crowdsourcing platform matching home workers and clients who want need jobs and work done.

Uluru Headquarter Location

Chuo-ku, 3-3-7 Kachidoki Ken Media Building 3F Yubinbango

Tokyo, 104-0054,

Japan

03-6221-3064

Latest Uluru News

ULURU : Summary of Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2022 (Six Months Ended Sep 30, 2021)

Dec 8, 2021

08/31 12/08/2021 | 01:52am EST Message : for the Second Quarter of the Fiscal Year Ending March 31, 2022 (Six Months Ended September 30, 2021) [Japanese GAAP] Stock code: Contact: Tel: +81-3-6221-3069 November 12, 2021 - Holding of quarterly financial results meeting: Yes (for institutional investors and analysts) *Individual investors can watch the meeting online (All amounts are rounded down to the nearest million yen) 1. Consolidated Financial Results for the First Six Months (April 1, 2021 - September 30, 2021) of the Fiscal Year Ending March 31, 2022 (1) Consolidated operating results 1,922 1,411 Note: Comprehensive income (million yen) Six months ended Sep. 30, 2021: (53) 31 Yen (7.83) 4.73 Note: ULURU conducted a 2-for-1 common stock split on October 1, 2021. Net income per share and diluted net income per share have been calculated as if this stock split has taken place at the beginning of the fiscal year ended March 31, 2021. (2) Consolidated financial position 4,209 4,198 As of Sep. 30, 2021: 2,138 2,208 - - - Note: Revisions to the most recently announced dividend forecast: None 3. Consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2022 (April 1, 2021 - March 31, 2022) (Percentages represent year-on-year changes) There is no first half forecast because ULURU manages performance on a fiscal year basis. ULURU conducted a 2-for-1 common stock split on October 1, 2021. Forecasts for the fiscal year ending March 31, 2022 is the amount after the stock split. Regarding the stock split, please see the press release dated September 15, 2021 (Japanese version only). * Notes Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes in scope of consolidation): None Application of special accounting methods for presenting quarterly consolidated financial statements: None Changes in accounting policies and accounting-based estimates, and restatements Changes in accounting policies due to revisions in accounting standards, others: Yes Changes in accounting policies other than 1) above: None Changes in accounting-based estimates: None Restatements: None Number of shares issued at the end of period (including treasury shares) As of Sep. 30, 2021: 6,902,000 shares 6,851,000 shares As of Sep. 30, 2021: 256 shares 256 shares Six months ended Sep. 30, 2021: 6,851,022 shares 6,835,232 shares Note: ULURU conducted a 2-for-1 common stock split on October 1, 2021. The number of shares issued at the end of period, number of treasury shares at the end of period and average number of shares during the period have been calculated as if this stock split has taken place at the beginning of the fiscal year ended March 31, 2021. The current quarterly financial report is not subject to quarterly review by certified public accountants or auditing firms. Explanation of appropriate use of earnings forecasts, and other special items Note concerning forward-looking statements Forecasts of future performance in this report are based on assumptions judged to be valid and information available to the ULURU's management at the time the materials were prepared but are not promises by ULURU regarding future performance. Actual results may differ significantly from these forecasts for a number of reasons. Please refer to "1. Qualitative Information on Quarterly Consolidated Financial Performance, (3) Explanation of Consolidated Forecast and Other Forward-looking Statements" on page 5 for forecast assumptions and notes of caution for usage. How to view supplementary information at the financial results meeting ULURU plans to hold an information meeting for institutional investors and analysts on November 15, 2021. Individual investors can use the internet to view this meeting. Materials used at this meeting were posted on the ULURU website and TDnet on the same day that results of operations were announced. ULURU plans to post a video and audio file of the information meeting on its website soon after this meeting. ULURU.CO.,LTD. (3979) Financial Results for the Second Quarter of FY3/22 Contents of Attachments 2 2 5 6 7 For the Six-month Period For the Six-month Period 9 10 10 1. Qualitative Information on Quarterly Consolidated Financial Performance (1) Explanation of Results of Operations Japan's working age population is forecast to decrease by about 16 million between 2017 and 2040 according to the 2018 White Paper on Information and Communications in Japan. This outlook points to serious social and economic issues as a labor shortage reduces the size of the economy and m akes Japan less competitive in global markets. Based on the vision of "make the world more convenient with the power of people," the ULURU Group operates many businesses, primarily using the software -as-a-service (SaaS) model. By providing alternative solutions for labor shortages in a broad range of fields, this model enables us to function as a company that helps solve problems involving Japan's severe labor shortage. In November 2003, we started the Business Process Outsourcing (BPO) business to meet th e outsourcing needs of companies with the goal of establishing the standard for employees working at home rather than the company's workplace. The diversity of our customers' needs increased along with the volume of orders we received. We responded by launching a crowdsourcing business called Shufti in February 2007. Shufti increases the efficiency of the BPO business by facilitating direct matching of the requirements of client companies and the availability of crowdworkers, chiefly housewives, without using the ULURU Group. In addition, we used knowledge acquired from BPO operations and the resources of the crowdsourcing business to start the Crowd Generated Service (CGS) business, which allows the ULURU Group itself to utilize crowdworkers. In September 2 008, we started the NJSS (Nyusatsu Joho Sokuho Service) business, an up-to-date and other bid solicitations database service about bids and winning bids for public-sector tenders in Japan. This business currently accounts for the majority of our sales and earnings. In October 2014, we launched en-photo, a photo sales management system for nursery schools and kindergartens. In February 2019, we started the fondesk, a telephone call answering service that uses crowdworkers. To benefit from synergies with en-photo, we made OurPhoto Co., Ltd. a wholly owned subsidiary in December 2020. This company operates a matching service for its members and professional photographers. These operations are the current business portfolio of the ULURU Group. NJSS, fondesk and en -photo are all SaaS operations, which makes the SaaS category the basis for the growth of the ULURU Group. Japan's SaaS market was 601.6 billion yen in fiscal 2019 and is expected to grow to 1,117.8 billion yen in fiscal 2024 according to "Software Business New Markets 2020" by Fuji Chimera Research Institute, Inc. The size of the crowdsourcing market, which provides people for the CGS business, was 182.0 billion yen (based on value of orders) in fiscal 2018, 34.8% higher than in fiscal 2017, and is expected to grow to 261.0 billion yen in fiscal 2021 according to "BPO Market Status and Outlook 2018-2019" by Yano Research Institute Ltd. The business climate was consistently uncertain during the first half of the fiscal year ending March 2022 because of COVID-19. During this period, the ULURU Group continued to make progress with numerous initiatives for accomplishing the three medium-term goals of the medium-term business plan for the five-year period ending in March 2024 that was announced on May 14, 2019 and revised on May 14, 2021. These goals are sustained growth of the NJSS business, the addition and growth of new CGS businesses that generate recurring revenue, and high profitability of the BPO business. During the first half, net sales increased 36.2% year-on-year to 1,922 million yen, EBITDA (Operating profit + Depreciation + Amortization of goodwill) decreased 13.0% to 71 million yen, operating profit decreased 42.0% to 35 million yen, ordinary profit decreased 44.2% to 43 million yen, and the loss attributable to owners of parent was 53 million yen compared with a profit of 32 million yen one year earlier. ULURU has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan (ASBJ) Statement No. 29, March 31, 2020) from the beginning of the first quarter of the current fiscal year. Please refer to "2. Quarterly Consolidated Financial Statements and Notes, (4) Notes to Quarterly Consolidated Financial Statements, Changes in Accounting Policies" for the effects of the application of the new standard on financial position and operating results. 2 Business segment sales were as follows. (Millions of yen) 1) CGS NJSS NJSS is the primary SaaS of the CGS business. We have been able to steadily increase the number of customers who have purchased contracts while holding down contract cancellations by optimizing NJSS sales framework. Due to these activities, the number of customers who have purchased contracts for viewing data about public -sector bids and winning bids increased by 428 during the first half to a record-high 4,388 companies as of the end of September 2021. Average revenue per user (ARPU; daily sales per user) declined temporarily due to tight sales resources caused by the increase in customer support following the release of the new system and focus on capturing new contracts. However, due to an improvement in customer success, the average annual churn rate cal culated based on fee-paying contracts decreased from 1.7% (as of the end of March 2021) to 1.5%. This improvement also resulted in a higher customer lifetime value (LTV). Accordingly, annual recurring revenue (ARR) continued to climb, reaching 1,900 million yen. We are making steady progress with activities based on the medium -term business plan, including the first step in July of the updating of our products. Expenses increased because of higher product development and other expenses associated with these updating activities. Consequently, NJSS sales increased 24.0% year-on-year to 958 million yen, EBITDA was down 0.8% to 370 million yen and segment profit was down 1.0% to 367 million yen. NJSS KPI

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Expert Collections containing Uluru

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Uluru is included in 1 Expert Collection, including On-Demand.

O

On-Demand

1,232 items

Uluru Patents

Uluru has filed 2 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/13/2006

3/22/2011

Polymer chemistry, Biomaterials, Protein structural motifs, Nanomaterials, Chemical bonding

Grant

Application Date

10/13/2006

Grant Date

3/22/2011

Title

Related Topics

Polymer chemistry, Biomaterials, Protein structural motifs, Nanomaterials, Chemical bonding

Status

Grant

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