Goodpatch Inc. Q3 FY2022 Report.pdf

- Company: Goodpatch Inc. (Goodpatch)
- Report Type: Quarterly Report
- Fiscal Period: Q3 FY2022 (April 1, 2022 - June 30, 2022)
- Submitted To: Kanto Financial Bureau Director
- Submission Date: July 15, 2022
- Key Financial Indicators (Consolidated, YoY Change):
- Revenue: ¥2,808,247 thousand (+38.5%)
- Operating Income: ¥384,852 thousand (+13.8%)
- Ordinary Income: ¥383,918 thousand (+17.0%)
- Net Income Attributable to Parent: ¥228,721 thousand (-12.4%)
- Business Highlights:
- Acquired all shares of Studio Details Inc. in Q2 FY2022, now a consolidated subsidiary.
- Established a joint venture with Marui Group Inc. in Q3 FY2022.
- Total subsidiaries and affiliates: 5 (3 subsidiaries, 2 affiliates) as of May 31, 2022.
- Business Risks:
- Goodwill impairment risk due to potential decline in acquired companies' performance.
- Business Performance Analysis:
- Global and Japanese economies face uncertainties due to COVID-19, energy price hikes, and geopolitical tensions.
- Companies focus on digital transformation (DX) and user experience (UX) to provide higher value to customers.
- Goodpatch's Design Partner Business and Design Platform Business grew, with Design Partner Business revenue up 33.8% YoY.
- Key Performance Indicators (KPIs) for Design Partner Business: Customer companies increased by 14.1% YoY, but average monthly customer price decreased by 6.1% YoY.
- Future Outlook:
- Goodpatch will leverage its strengths in strategic design and UI/UX design, combined with Studio Details' creative and branding capabilities, to better support client companies.