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, 2018 (Based on Japanese GAAP)
July 26, 2018
Company name:
MARUWA CO., LTD.
Stock exchange listing:
Tokyo, Nagoya
Stock code:
5344
URL https://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, 2018
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, 2018 (from April 1, 2018 to June 30, 2018)
(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, 2018
9,329
14.1
2,051
22.8
2,250
36.1
1,509
40.0
Three months ended June 30, 2017
8,175
11.4
1,670
51.7
1,652
101.9
1,078
112.1
Earnings per share
Diluted earnings per share
Yen
Yen
Three months ended June 30, 2018
122.11
-
Three months ended June 30, 2017
87.32
-
(2) Consolidated financial position
Total assets
Net assets
Equity ratio
Millions of yen
Millions of yen
%
As of June 30, 2018
57,972
50,193
86.6
As of March 31, 2018
58,514
49,029
83.8
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, 2018
-
22.00
-
22.00
44.00
Year ending March 31, 2019
-
Year ending March 31, 2019 (Forecast)
24.00
-
24.00
48.00
3. Forecast of consolidated financial results for the year ending March 31, 2019 (from April 1, 2018 to March 31, 2019)
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, 2018
18,100
3.7
4,050
3.9
4,050
1.8
2,700
2.2
218.40
Full year
40,300
4.6
9,800
6.8
9,850
11.1
6,550
18.1
529.83
4. Notes
(1) Changes in significant subsidiaries during the three months ended June 30, 2018 (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, 2018
12,372,000
shares
As of March 31, 2018
12,372,000
shares
Number of treasury shares at the end of the period
As of June 30, 2018
9,826
shares
As of March 31, 2018
9,702
shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Electronically recorded monetary claims - operating
1,047,980
1,155,141
Merchandise and finished goods
2,220,883
2,470,471
Work in process
1,817,145
1,817,393
Raw materials and supplies
3,630,476
3,666,912
Other
1,171,284
752,163
Allowance for doubtful accounts
(1,670)
(1,580)
Total current assets
41,670,803
41,095,040
Non-current assets
Property, plant and equipment
Buildings and structures
11,159,776
11,248,478
Accumulated depreciation
(6,133,121)
(6,212,037)
Buildings and structures, net
5,026,654
5,036,441
Machinery, equipment and vehicles
19,595,623
19,803,893
Accumulated depreciation
(15,542,570)
(15,686,639)
Machinery, equipment and vehicles, net
4,053,052
4,117,253
Land
3,943,218
3,940,123
Construction in progress
389,265
468,728
Other
4,163,793
4,259,698
Accumulated depreciation
(3,483,672)
(3,546,604)
Other, net
680,121
713,094
Total property, plant and equipment
14,092,312
14,275,641
Intangible assets
Other
274,885
283,611
Total intangible assets
274,885
283,611
Investments and other assets
2,476,673
2,317,779
Total non-current assets
16,843,870
16,877,032
Total assets
58,514,674
57,972,073
(Thousands of yen)
As of March 31, 2018
As of June 30, 2018
Liabilities
Current liabilities
Notes and accounts payable - trade
2,428,784
2,238,456
Electronically recorded obligations - operating
1,456,612
1,357,949
Income taxes payable
2,061,684
535,555
Provision for bonuses
542,637
320,382
Provision for directors' bonuses
63,000
3,500
Provision for environmental measures
3,436
-
Other
2,079,222
2,339,284
Total current liabilities
8,635,378
6,795,128
Non-current liabilities
Deferred tax liabilities
449,309
582,514
Net defined benefit liability
82,126
76,508
Other
318,304
324,539
Total non-current liabilities
849,740
983,562
Total liabilities
9,485,118
7,778,690
Net assets
Shareholders' equity
Capital stock
8,646,720
8,646,720
Capital surplus
11,996,407
11,996,407
Retained earnings
29,048,238
30,285,886
Treasury shares
(77,131)
(78,195)
Total shareholders' equity
49,614,235
50,850,818
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
166,404
164,943
Foreign currency translation adjustment
(751,083)
(822,379)
Total accumulated other comprehensive income
(584,678)
(657,435)
Total net assets
49,029,556
50,193,382
Total liabilities and net assets
58,514,674
57,972,073
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, 2017
Three months ended June 30, 2018
Net sales
8,175,409
9,329,907
Cost of sales
4,774,372
5,315,196
Gross profit
3,401,036
4,014,710
Selling, general and administrative expenses
1,730,586
1,963,094
Operating profit
1,670,450
2,051,616
Non-operating income
Interest income
5,379
5,030
Rent income
20,241
19,681
Foreign exchange gains
-
150,284
Other
8,915
44,964
Total non-operating income
34,536
219,961
Non-operating expenses
Interest expenses
7
-
Rent expenses on real estate for investments
10,017
13,679
Foreign exchange losses
38,517
-
Other
3,471
7,812
Total non-operating expenses
52,014
21,491
Ordinary profit
1,652,971
2,250,085
Extraordinary income
Gain on sales of non-current assets
537
473
Gain on sales of investment securities
-
3,458
Total extraordinary income
537
3,932
Extraordinary losses
Loss on sales and retirement of non-current assets
55,363
1,576
Total extraordinary losses
55,363
1,576
Profit before income taxes
1,598,145
2,252,442
Income taxes - current
368,956
452,742
Income taxes - deferred
150,512
290,082
Total income taxes
519,468
742,824
Profit
1,078,677
1,509,618
Profit attributable to owners of parent
1,078,677
1,509,618
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen)
Three months ended June 30, 2017
Three months ended June 30, 2018
Profit
1,078,677
1,509,618
Other comprehensive income
Valuation difference on available-for-sale securities
25,119
(1,460)
Foreign currency translation adjustment
201,908
(71,296)
Total other comprehensive income
227,028
(72,756)
Comprehensive income
1,305,705
1,436,861
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
1,305,705
1,436,861
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