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, 2017 (Based on Japanese GAAP)
July 25, 2017
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:
Director, General Manager of Administrative Division
Tamaki Nozoki
TEL 0561-51-0839
Scheduled date to file Quarterly Securities Report:
August 9, 2017
Scheduled date to commence dividend payments:
-
Preparation of supplementary material on quarterly financial results:
No
Holding of quarterly financial results meeting:
No
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2017 (from April 1, 2017 to June 30, 2017)
(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
Three months ended June 30, 2017
8,175
11.4
1,670
51.7
1,652
101.9
1,078
112.1
Three months ended June 30, 2016
7,341
2.1
1,100
69.0
818
10.0
508
15.0
Earnings per share
Diluted earnings per share
Yen
Yen
Three months ended June 30, 2017
87.33
-
Three months ended June 30, 2016
41.18
41.17
(2) Consolidated financial position
Total assets
Net assets
Equity ratio
Millions of yen
Millions of yen
%
As of June 30, 2017
50,895
44,324
87.1
As of March 31, 2017
50,593
43,317
85.6
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, 2017
-
20.00
-
20.00
40.00
Year ending March 31, 2018
-
Year ending March 31, 2018 (Forecast)
22.00
-
22.00
44.00
3. Forecast of consolidated financial results for the year ending March 31, 2018 (from April 1, 2017 to March 31, 2018)
Percentages indicate year-on-year changes
Net sales
Operating profit
Ordinary profit
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, 2017
14,800
(2.4)
2,100
(8.9)
2,100
3.6
1,300
12.8
105.24
Full year
33,350
3.6
5,400
9.0
5,450
9.5
3,400
19.3
275.25
4. Notes
(1) Changes in significant subsidiaries during the three months ended June 30, 2017 (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:
No
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, 2017
12,372,000
shares
As of March 31, 2017
12,372,000
shares
Number of treasury shares at the end of the period
As of June 30, 2017
30,702
shares
As of March 31, 2017
19,629
shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Electronically recorded monetary claims - operating
503,710
527,220
Merchandise and finished goods
2,222,216
2,222,201
Work in process
1,400,373
1,506,084
Raw materials and supplies
3,249,129
3,337,259
Deferred tax assets
321,655
180,754
Other
755,238
431,395
Allowance for doubtful accounts
(2,850)
(2,725)
Total current assets
35,213,127
35,095,013
Non-current assets
Property, plant and equipment
Buildings and structures
10,073,489
10,617,624
Accumulated depreciation
(5,731,785)
(5,844,711)
Buildings and structures, net
4,341,703
4,772,913
Machinery, equipment and vehicles
18,213,958
18,703,680
Accumulated depreciation
(14,338,009)
(14,676,139)
Machinery, equipment and vehicles, net
3,875,948
4,027,541
Land
3,668,726
3,673,759
Construction in progress
679,005
433,848
Other
3,590,735
3,745,948
Accumulated depreciation
(3,029,884)
(3,142,333)
Other, net
560,851
603,615
Total property, plant and equipment
13,126,235
13,511,678
Intangible assets
Goodwill
20,740
13,827
Other
278,983
281,882
Total intangible assets
299,723
295,710
Investments and other assets
1,954,773
1,993,393
Total non-current assets
15,380,733
15,800,782
Total assets
50,593,860
50,895,796
(Thousands of yen)
As of March 31, 2017
As of June 30, 2017
Liabilities
Current liabilities
Notes and accounts payable - trade
3,503,852
2,767,556
Electronically recorded obligations - operating
-
657,413
Current portion of long-term loans payable
22,800
-
Income taxes payable
1,024,872
455,802
Provision for bonuses
458,385
250,662
Provision for directors' bonuses
27,500
2,750
Other
1,726,211
1,909,790
Total current liabilities
6,763,623
6,043,975
Non-current liabilities
Deferred tax liabilities
187,311
201,213
Provision for environmental measures
13,526
13,526
Other
312,136
312,225
Total non-current liabilities
512,973
526,965
Total liabilities
7,276,596
6,570,940
Net assets
Shareholders' equity
Capital stock
8,646,720
8,646,720
Capital surplus
11,948,946
11,948,946
Retained earnings
24,022,962
24,854,592
Treasury shares
(42,051)
(93,117)
Total shareholders' equity
44,576,578
45,357,141
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
121,179
146,298
Foreign currency translation adjustment
(1,380,493)
(1,178,584)
Total accumulated other comprehensive income
(1,259,314)
(1,032,285)
Total net assets
43,317,263
44,324,855
Total liabilities and net assets
50,593,860
50,895,796
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, 2016
Three months ended June 30, 2017
Net sales
7,341,114
8,175,409
Cost of sales
4,573,757
4,774,372
Gross profit
2,767,357
3,401,036
Selling, general and administrative expenses
1,666,496
1,730,586
Operating profit
1,100,860
1,670,450
Non-operating income
Interest income
7,146
5,379
Rent income
9,501
20,241
Other
8,359
8,915
Total non-operating income
25,007
34,536
Non-operating expenses
Interest expenses
597
7
Rent expenses on real estate for investments
10,797
10,017
Foreign exchange losses
286,325
38,517
Other
9,561
3,471
Total non-operating expenses
307,281
52,014
Ordinary profit
818,586
1,652,971
Extraordinary income
Gain on sales of non-current assets
-
537
Total extraordinary income
-
537
Extraordinary losses
Loss on sales and retirement of non-current assets
6,053
55,363
Total extraordinary losses
6,053
55,363
Profit before income taxes
812,532
1,598,145
Income taxes - current
197,709
368,956
Income taxes - deferred
106,305
150,512
Total income taxes
304,015
519,468
Profit
508,516
1,078,677
Profit attributable to owners of parent
508,516
1,078,677
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen)
Three months ended June 30, 2016
Three months ended June 30, 2017
Profit
508,516
1,078,677
Other comprehensive income
Valuation difference on available-for-sale securities
(24,951)
25,119
Foreign currency translation adjustment
(913,272)
201,908
Total other comprehensive income
(938,224)
227,028
Comprehensive income
(429,707)
1,305,705
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
(429,707)
1,305,705
This information is provided by RNS
The company news service from the London Stock Exchange
END
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