Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results for the Three Months Ended June 30, 2016 (Based on Japanese GAAP)
July 28, 2016
Company name:
MARUWA CO., LTD.
Stock exchange listing:
Tokyo, Nagoya
Stock code:
5344
URL http://www.maruwa-g.com/
Representative:
President and Representative Director
Sei Kanbe
Inquiries:
General Manager of Administrative Division
Tamaki Nozoki
TEL 0561-51-0839
Scheduled date to file Quarterly Securities Report:
August 10, 2016
Scheduled date to commence dividend payments:
-
Preparation of supplementary material on quarterly financial results:
No
Holding of quarterly financial results meeting:
No
(Amounts are rounded off to the nearest million yen)
1. Consolidated financial results for the three months ended June 30, 2016 (from April 1, 2016 to June 30, 2016)
(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Net sales
Operating income
Ordinary income
Profit attributable to owners of parent
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
Three months ended June 30, 2016
7,341
2.1
1,101
69.0
819
10.0
509
15.0
Three months ended June 30, 2015
7,189
(4.3)
651
44.7
744
35.4
442
23.6
Earnings per share
Diluted earnings per share
Yen
Yen
Three months ended June 30, 2016
41.18
41.17
Three months ended June 30, 2015
35.81
35.81
(2) Consolidated financial position
Total assets
Net assets
Equity ratio
Millions of yen
Millions of yen
%
As of June 30, 2016
46,928
41,036
87.4
As of March 31, 2016
48,550
41,700
85.9
2. Cash dividends
Annual dividends per share
1st quarter-end
2nd quarter-end
3rd quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Year ended March 31, 2016
-
19.00
-
19.00
38.00
Year ending March 31, 2017
-
Year ending March 31, 2017 (Forecast)
20.00
-
20.00
40.00
3. Forecast of consolidated financial results for the year ending March 31, 2017 (from April 1, 2016 to March 31, 2017)
Percentages indicate year-on-year changes
Net sales
Operating income
Ordinary income
Profit attributable to owners of parent
Earnings per share
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
Yen
Six months ending September 30, 2016
14,200
(2.5)
1,600
8.7
1,650
14.0
1,050
23.2
85.02
Full year
31,200
2.0
4,350
14.1
4,450
20.2
2,850
24.6
230.77
4. Notes
(1) Changes in significant subsidiaries during the three months ended June 30, 2016 (changes in specified subsidiaries resulting in the change in scope of consolidation):
No
(2) Application of special accounting methods for preparing quarterly consolidated financial statements:
No
(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Yes
Changes in accounting policies due to other reasons:
No
Changes in accounting estimates:
No
Restatement of prior period financial statements:
No
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2016
12,372,000
shares
As of March 31, 2016
12,372,000
shares
Number of treasury shares at the end of the period
As of June 30, 2016
22,083
shares
As of March 31, 2016
22,033
shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Electronically recorded monetary claims - operating
572,146
586,120
Merchandise and finished goods
2,489,838
2,521,151
Work in process
1,702,316
1,661,900
Raw materials and supplies
3,095,281
3,228,338
Deferred tax assets
285,439
143,236
Other
833,428
542,849
Allowance for doubtful accounts
(1,990)
(3,212)
Total current assets
32,398,221
31,151,868
Non-current assets
Property, plant and equipment
Buildings and structures
10,078,873
9,842,036
Accumulated depreciation
(5,519,695)
(5,490,065)
Buildings and structures, net
4,559,178
4,351,971
Machinery, equipment and vehicles
18,712,379
17,993,329
Accumulated depreciation
(13,799,300)
(13,456,256)
Machinery, equipment and vehicles, net
4,913,079
4,537,073
Land
3,503,763
3,667,377
Construction in progress
276,133
521,775
Other
3,553,267
3,404,845
Accumulated depreciation
(3,007,107)
(2,887,936)
Other, net
546,160
516,910
Total property, plant and equipment
13,798,312
13,595,105
Intangible assets
Goodwill
135,905
63,359
Other
433,269
288,217
Total intangible assets
569,174
351,576
Investments and other assets
1,784,068
1,829,420
Total non-current assets
16,151,555
15,776,101
Total assets
48,549,776
46,927,969
(Thousands of yen)
As of March 31, 2016
As of June 30, 2016
Liabilities
Current liabilities
Notes and accounts payable - trade
3,068,282
2,870,103
Current portion of long-term loans payable
137,984
127,484
Income taxes payable
589,934
282,328
Provision for bonuses
503,850
236,823
Provision for directors' bonuses
23,750
2,375
Notes payable - facilities
169,681
95,588
Other
1,824,564
1,752,064
Total current liabilities
6,318,045
5,366,765
Non-current liabilities
Long-term loans payable
115,409
91,438
Provision for environmental measures
13,527
13,527
Deferred tax liabilities
76,973
100,545
Other
325,379
319,766
Total non-current liabilities
531,288
525,276
Total liabilities
6,849,333
5,892,041
Net assets
Shareholders' equity
Capital stock
8,646,720
8,646,720
Capital surplus
11,946,793
11,946,793
Retained earnings
21,654,339
21,928,206
Treasury shares
(47,072)
(47,229)
Total shareholders' equity
42,200,781
42,474,490
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
53,057
28,105
Foreign currency translation adjustment
(555,170)
(1,468,442)
Total accumulated other comprehensive income
(502,113)
(1,440,337)
Subscription rights to shares
1,775
1,775
Total net assets
41,700,443
41,035,928
Total liabilities and net assets
48,549,776
46,927,969
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen)
Three months ended June 30, 2015
Three months ended June 30, 2016
Net sales
7,189,466
7,341,114
Cost of sales
4,681,670
4,573,757
Gross profit
2,507,796
2,767,357
Selling, general and administrative expenses
1,856,417
1,666,496
Operating income
651,380
1,100,861
Non-operating income
Interest income
7,170
7,147
Rent income
22,890
9,501
Foreign exchange gains
54,586
-
Other
21,690
8,359
Total non-operating income
106,336
25,007
Non-operating expenses
Interest expenses
3,125
598
Rent expenses on real estate for investments
6,997
10,798
Foreign exchange losses
-
286,325
Other
3,722
9,561
Total non-operating expenses
13,844
307,282
Ordinary income
743,872
818,586
Extraordinary income
Gain on sales of non-current assets
325
-
Total extraordinary income
325
-
Extraordinary losses
Loss on sales and retirement of non-current assets
-
6,054
Loss on sales of investment securities
6,816
-
Total extraordinary losses
6,816
6,054
Profit before income taxes
737,380
812,532
Income taxes - current
216,380
197,710
Income taxes - deferred
78,769
106,306
Total income taxes
295,148
304,016
Profit
442,232
508,516
Profit (loss) attributable to non-controlling interests
(0)
-
Profit attributable to owners of parent
442,232
508,516
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen)
Three months ended June 30, 2015
Three months ended June 30, 2016
Profit
442,232
508,516
Other comprehensive income
Valuation difference on available-for-sale securities
18,596
(24,952)
Foreign currency translation adjustment
96,599
(913,272)
Total other comprehensive income
115,195
(938,224)
Comprehensive income
557,427
(429,708)
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
557,427
(429,708)
Comprehensive income attributable to non-controlling interests
(0)
-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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