# Ｒｅｔｔｙ（7356） FY2023 Q1 四半期報告書

Source: Komori (komori.app) — https://komori.app/company/7356/filing/2023-q1
提出日: 2023-05-12
対象期間: 2023-01-01 〜 2023-03-31
企業ページ: https://komori.app/company/7356
原本（EDINET）: https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100QQWZ.pdf

## 事業

Retty is a single-segment real-name gourmet platform operator whose main revenue comes from fixed service fees charged to member restaurants. For the 2Q cumulatives (2023/01/01–2023/03/31), sales were 816,784千円 (8,16784,000円）, ordinary loss 326,782千円, and quarterly net loss 384,120千円. Cash and cash equivalents at quarter end were 974,398千円, total assets 1,548,430千円, total liabilities 927,328千円, and net assets 621,101千円. Equity ratio 40.1%. Outstanding shares 14,910,374, paid-in capital 33,560千円, capital surplus 971,658千円, and retained earnings decreased by 384,120千円. Note: segment information is omitted due to single-segment reporting.

2Q cumulatives key indicators (vs prior periods):
- Revenue (千円): 12期2Q cumulatives 842,497, prior period 816,784 (this period 2Q cumulatives)
- Cash flow from operating activities: △144,321千円 (12期) / △214,822千円 (13期2Q cumulatives)
- Cash flow from investing activities: △6,157千円 (12期) / △1,802千円 (13期2Q cumulatives)
- Cash flow from financing activities: 740,709千円 (12期) / 296,400千円 (13期2Q cumulatives)
- Cash and cash equivalents at quarter end: 1,219,227千円 (12期) / 974,398千円 (13期2Q cumulatives)

Future outlook notes: COVID-19 impact continues to reduce paid store counts under Fixed Plan; impact on sales, operating loss and net loss persists. Paid stores under Fixed Plan declined from 10,422 (2020/9Q2) to 6,186 (end of the current 2Q accounting period). A capital raise of 685百万円 completed on 2022/11/11 with Hirao Takeshi and Ziggent Co., Ltd. as issuers. From FY2023/9 onwards, there is a plan to improve LTV via higher share of high-LTV products and cost-structure reforms (reduce takeout plans with lower prior LTV, realign staff, reduce rent through office relocation). Free cash flow for 2Q cumulatives was negative in calculation.

Key customers/markets and competition:
- FRM business targeting restaurants; ad content also contributes to revenue. FRM sales 609百万円 and Advertising content sales 207百万円 for 2Q cumulatives (segment-level).
- Structural changes in capital since 2022-11-11 and 2022-12-23 decisions.

Overall view: business operates on a single segment; going concern notes include COVID-19 impacts and financial stabilization plans.

competitors: null
operational_kpis:
- Paid stores under Fixed Plan: 6,186 as of the end of the current 2Q period (down from 10,422 in 2020/9Q2)
- LTV strategy: high-LTV products focus from FY2023/9 and reduction of low-LTV takeout plans to improve FRM overall LTV
- FRM revenue (2Q cumulatives): 609百万円
- Advertising content revenue (2Q cumulatives): 207百万円

## 数字

- 設備投資: 2百万円
- フリーキャッシュフロー: -2億円

## セグメント

- FRM / 売上高 6億円
- 広告コンテンツ / 売上高 2億円

## 有価証券報告書にだけ載る項目

- 大株主: 保有比率と、その変動。
- 役員: 取締役の氏名、在任年数、独立性。
- 設備の状況: 拠点、帳簿価額、敷地面積。
- 沿革: 沿革と中期目標。