Financial Information
Data on financial and business performance of GungHo Online Entertainment, Inc. are provided.
Income Statement
(JPY in thousands）
| 9th Business Year | 10th Business Year | 11th Business Year | 12th Business Year | 13th Business Year | |
| 2005/12 (Consolidated) |
2006/12 (Consolidated) |
2007/12 (Consolidated) |
2008/12 (Consolidated) |
2009/12 (Non-Consolidated) |
|
| Sales | 5,670,872 | 6,823,452 | 7,514,740 | 11,241,053 | 10,293,587 |
| Cost of Sales | 2,518,276 | 3,576,867 | 3,933,691 | 5,045,062 | 3,721,872 |
| Gross Profit on Sales |
3,152,596 | 3,246,585 | 3,581,049 | 6,195,991 | 6,571,714 |
| Sales and General Administrative Expenses |
2,193,881 | 2,901,605 | 3,898,224 | 4,996,306 | 4,828,002 |
| Operating Profits/Losses | 958,714 | 344,980 | -317,174 | 1,199,684 | 1,743,711 |
| Ordinary Profit/Loss | 940,142 | 231,672 | -311,724 | 1,729,290 | 1,848,684 |
| Net Profit/Loss Before Taxes and Other Adjustments |
894,828 | -1,647,014 | -4,134,780 | 406,976 | 382,697 |
| Current Net Profit/Loss | 525,347 | -1,578,847 | -4,932,231 | -72,194 | 44,049 |
| Ratio of Cost of Sales |
44.4% | 52.4% | 52.4% | 44.9% | 36.2% |
| Gross Profit Margin | 55.6% | 47.6% | 47.6% | 55.1% | 63.8% |
| Ratio of Sales and General Administrative Expenses | 38.6% | 42.5% | 51.8% | 44.4% | 46.9% |
| Ratio of Operating Profit/Loss |
17.0% | 5.1% | -4.2% | 10.7% | 16.9% |
| Ratio of Ordinary Profit/Loss |
16.6% | 3.4% | -4.1% | 15.4% | 18.0% |
| Ratio of Net Profit/Loss
Before Taxes and Other Adjustments |
15.8% | -24.1% | -55.0% | 3.6% | 3.7% |
| Ratio of Current Net Profit/Loss |
9.3% | -23.1% | -65.6% | -0.6% | 0.4% |
Balance Sheet
(JPY in thousands）
| 9th Business Year | 10th Business Year | 11th Business Year | 12th Business Year | 13th Business Year | |
| 2005/12 (Consolidated) |
2006/12 (Consolidated) |
2007/12 (Consolidated) |
2008/12 (Consolidated) |
2009/12 (Non-Consolidated) |
|
| Current Assets | 2,894,218 | 3,957,744 | 4,216,058 | 8,676,222 | 9,282,614 |
| Tangible Fixed Assets | 101,492 | 90,384 | 231,472 | 417,963 | 289,853 |
| Intangible Fixed Assets | 2,058,045 | 2,687,867 | 2,875,965 | 3,878,383 | 1,522,429 |
| Investments and Other Assets |
7,490,780 | 5,334,161 | 3,577,947 | 2,078,667 | 954,596 |
| Fixed Assets | 9,650,318 | 8,112,413 | 6,685,385 | 6,375,014 | 2,766,880 |
| Total Assets | 12,544,537 | 12,070,157 | 10,901,443 | 15,051,237 | 12,049,494 |
| Current Liabilities | 7,956,795 | 4,973,180 | 5,655,128 | 3,163,645 | 3,257,414 |
| Fixed Liabilities | 2,280,079 | 1,697,506 | 1,933,086 | 5,585,951 | 1,575,160 |
| Total Liabilities | 10,236,875 | 6,670,686 | 7,588,215 | 8,749,596 | 4,832,574 |
| Minority Interest | 187,970 | - | - | 2,359,979 | 2,688,837 |
| Shareholders’Equity | 2,119,691 | 5,399,471 | 3,313,228 | 6,301,641 | 7,216,919 |
| Total Liabilities and Shareholders’ Equity |
12,544,537 | 12,070,157 | 10,901,443 | 15,051,237 | 12,049,494 |
Cash Flow
(JPY in thousands）
| 9th Business Year | 10th Business Year | 11th Business Year | 12th Business Year | 13th Business Year | |
| 2005/12 (Consolidated) |
2006/12 (Consolidated) |
2007/12 (Consolidated) |
2008/12 (Consolidated) |
2009/12 (Non-Consolidated) |
|
| Cash Flow from Operating Activities |
745,861 | 1,202,165 | 307,805 | 2,076,397 | 2,140,910 |
| Cash Flow from Investment Activities |
-7,397,127 | -5,107,705 | -984,861 | 6,089,526 | -1,833,210 |
| Cash Flow from Financial Activities |
7,202,496 | 4,517,789 | 763,501 | -3,492,216 | -579,433 |
| Cash and Cash Equivalents at the End of the Year |
1,514,436 | 2,126,629 | 2,212,354 | 5,202,508 | 5,472,820 |
Key Management Benchmarks
| 9th Business Year | 10th Business Year | 11th Business Year | 12th Business Year | 13th Business Year | |
| 2005/12 (Consolidated) |
2006/12 (Consolidated) |
2007/12 (Consolidated) |
2008/12 (Consolidated) |
2009/12 (Non-Consolidated) |
|
| Sales (JPY in thousands) |
5,670,872 | 6,823,452 | 7,514,740 | 11,241,053 | 10,293,587 |
| Operating Profits/Losses | 958,714 | 344,980 | -317,174 | 1,199,684 | 1,743,711 |
| Ordinary Profit/Loss | 940,142 | 231,672 | -311,724 | 1,729,290 | 1,848,684 |
| Current Net Profit/Loss (JPY in thousands) |
525,347 | -1,578,847 | -4,932,231 | -72,194 | 44,049 |
| Capital Stock (JPY in thousands) |
211,012 | 4,225,132 | 4,305,436 | 5,313,884 | 5,320,044 |
| Number of Outstanding Shares |
81,800 | 86,838 | 89,698 | 114,316 | 114,536 |
| Net Assets (JPY in thousands) |
2,119,691 | 5,399,471 | 3,313,228 | 6,301,641 | 7,216,919 |
| Gross Assets (JPY in thousands) |
12,544,537 | 12,070,157 | 10,901,443 | 15,051,237 | 12,049,494 |
| Equity Capital Ratio (%) |
16.9 | 44.6 | 30.4 | 25.3 | 36.2 |
| Rate of Return on Equity (%) |
24.8 | -42.1 | -111.4 | -2.0 | 1.1 |
| Price Earnings Ratio | 417.46 | - | - | - | 655.06 |
| Cash and Cash Equivalents at the End of the Year (thousand JPY) |
1,514,436 | 2,126,619 | 2,212,354 | 5,202,508 | 5,472,820 |
| Number of Employees (Not Including Average Number of Temporary Employees) |
201（29） | 217（43） | 308(20) | 730（33） | 693（37） |
| Net Assets per Share |
2,5913.10 | 61,972.15 | 36,937.60 | 33,290.63 | 38,064.87 |
| Current Profit / Loss per Share |
6,443.68 | -18,452.02 | -55,238.34 | -662.95 | 384.70 |
