|(Unit: Millions of yen)||First quarter of the year ended March 31, 2019||First quarter of the year ending March 31, 2020||YoY Change %|
|Profit attributable to owners of parent||(2,957)||(677)||-|
|(Unit: Millions of yen)||Year ended March 31, 2019||First quarter of the year ending March 31, 2020||Increase /
|Total current assets||48,225||48,812||587|
|Total non-current assets||19,971||18,714||(1,257)|
|Total current liabilities||21,754||23,048||1,294|
|Total non-current liabilities||11,337||10,728||(608)|
|Total net assets||35,105||33,749||(1,356)|
|Total liabilities and net assets||68,196||67,526||(670)|
|(Unit: Millions of yen)||First quarter of the year ended March 31, 2019||First quarter of the year ending March 31, 2020||Increase /
|Cash flows from operating activities||(2,742)||4,234||6,976|
|Cash flows from investing activities||124||(1,083)||(1,207)|
|Cash flows from financing activities||(721)||(2,226)||(1,504)|
|Effect of exchange rate change on cash and cash equivalents||0||(0)||(1)|
|Net increase (decrease) in cash and cash equivalents||(3,339)||923||4,262|
|Cash and cash equivalents at beginning of period||24,373||28,807||4,434|
|Cash and cash equivalents at end of period||21,034||29,731||8,696|
i.) Overview of operations for the three months ended June 30, 2019 (April 1 to June 30, 2019)
In May 2018, our group concentrated our management resources to each of the four units for management optimization. As a result, we have not only cut costs, but also leveraged synergy effects among business unit and accelerated management decisions.
For our main business, the pachinko and pachislot (hereinafter, “PS”) business during the first quarter under review, we have sold a total of 41,000 units (increase of 18,000 units YoY), including 25,000 units of Pachinko GANTZ:2. In terms of the installation and parts checking operations of PS machines, we recorded net sales of ¥90 million (about nine times YoY), and in terms of the web ad business, recorded net sales of ¥220 million (about 22 times YoY). In the PS development business, consigned development from various manufacturers is progressing strongly and its performance is proceeding steadily.
Tsuburaya Productions Co., Ltd. (hereinafter, “Tsuburaya Productions”) is promoting various measures aimed at producing profits in movies and developing goods sales etc. into foreign countries.
As a result of the above initiatives, our consolidated earnings for the first quarter of this term were net sales of ¥19,098 million (increase of ¥10,167 million YoY), an operating loss of ¥683 million (a YoY improvement of ¥2,050 million), an ordinary loss of ¥630 million (a YoY improvement of ¥2,125 million), and loss attributable to owners of parent of ¥677 million (a YoY improvement of ¥2,279 million).
ii.) Summary of forecasts for consolidated earnings
In the PS market, all of the old regulation machines are expected to be removed by end of January 2021 and replaced with new regulation machines following the Regulation for Enforcement of the Amusement Businesses Law*. It is expected that particularly strong demand will increase for the replacement of major old regulation machines toward the end of the year. Therefore, we will sell various PS machines including major titles successively.
In Tsuburaya Productions, ULTRAMAN has been distributed worldwide on NETFLIX etc. from April 2019. The production of season two was decided on as a result of a strong response being received from viewers. We expect the anime to expand goods and license sales not only in Japan but in China, Asia and North America. Also in movie, the production of SHIN ULTRAMAN was announced on August 1, 2019. This project is highly anticipated and garnering much attention, as it will be produced and screenplay by Hideaki Anno, who worked on the Evangelion series and Shin Godzilla, and directed by Shinji Higuchi, who directed Shin Godzilla.
As a result of the above, our consolidated earnings forecasts for the year ending March 31, 2020 remain unchanged from those stated in the "Summary of Financial Information and Consolidated Business Results for the Year Ended March 31, 2019," released on May 15, 2019.
*: Regulation Partially Amending the Ordinance for Enforcement of the Act on Control and Improvement of Amusement Business and the Regulations for the Verification of Licenses, Formats and Other Aspects of Pachinko and Pachislot Machines, which enforced on February 1, 2018.
During the first quarter of the fiscal year under review, cash and cash equivalents (hereinafter referred to as “cash”) increased by ¥923 million from the end of the previous fiscal year, amounting to ¥29,731 million.