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, 2020 (Based on Japanese GAAP)
July 27, 2020
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:
Executive Officer
Tamaki Nozoki
TEL 0561-51-0839
Scheduled date to file Quarterly Securities Report:
August 7, 2020
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, 2020 (from April 1, 2020 to June 30, 2020)
(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, 2020
8,981
(13.5)
2,154
(3.5)
2,158
(2.0)
1,445
(4.6)
Three months ended June 30, 2019
10,382
11.3
2,233
8.9
2,203
(2.1)
1,515
0.4
Earnings per share
Diluted earnings per share
Yen
Yen
Three months ended June 30, 2020
117.21
-
Three months ended June 30, 2019
122.82
-
(2) Consolidated financial position
Total assets
Net assets
Equity ratio
Millions of yen
Millions of yen
%
As of June 30, 2020
71,953
60,631
84.3
As of March 31, 2020
70,681
59,453
84.1
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, 2020
-
26.00
-
26.00
52.00
Year ending March 31, 2021
-
Year ending March 31, 2021 (Forecast)
28.00
-
28.00
56.00
3. Forecast of consolidated financial results for the year ending March 31, 2021 (from April 1, 2020 to March 31, 2021)
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, 2020
16,500
(18.9)
3,400
(18.1)
3,400
(18.6)
2,300
(19.8)
186.50
Full year
36,500
(11.5)
7,900
(15.5)
7,900
(17.0)
5,450
(7.5)
441.94
4. Notes
(1) Changes in significant subsidiaries during the three months ended June 30, 2020 (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, 2020
12,372,000
shares
As of March 31, 2020
12,372,000
shares
Number of treasury shares at the end of the period
As of June 30, 2020
38,313
shares
As of March 31, 2020
40,163
shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Electronically recorded monetary claims - operating
1,295,434
1,211,264
Merchandise and finished goods
2,061,801
2,057,523
Work in process
2,393,622
2,585,007
Raw materials and supplies
2,756,758
2,754,495
Other
1,757,311
1,610,717
Allowance for doubtful accounts
(8,180)
(7,903)
Total current assets
49,133,297
49,205,150
Non-current assets
Property, plant and equipment
Buildings and structures
12,650,214
12,668,977
Accumulated depreciation
(6,505,584)
(6,576,128)
Buildings and structures, net
6,144,629
6,092,849
Machinery, equipment and vehicles
20,998,043
20,916,530
Accumulated depreciation
(16,567,320)
(16,509,377)
Machinery, equipment and vehicles, net
4,430,722
4,407,153
Land
4,421,234
4,420,539
Construction in progress
3,445,592
4,896,180
Other
3,499,670
3,560,779
Accumulated depreciation
(2,898,143)
(2,966,072)
Other, net
601,527
594,706
Total property, plant and equipment
19,043,706
20,411,429
Intangible assets
Goodwill
195,975
182,613
Other
254,672
248,988
Total intangible assets
450,648
431,602
Investments and other assets
2,053,978
1,905,205
Total non-current assets
21,548,333
22,748,237
Total assets
70,681,631
71,953,388
(Thousands of yen)
As of March 31, 2020
As of June 30, 2020
Liabilities
Current liabilities
Notes and accounts payable - trade
1,898,714
2,402,955
Electronically recorded obligations - operating
1,619,355
1,992,723
Short-term borrowings
900,000
900,000
Income taxes payable
827,864
527,753
Provision for bonuses
608,949
334,701
Provision for bonuses for directors (and other officers)
63,000
3,333
Other
3,382,929
3,177,604
Total current liabilities
9,300,813
9,339,071
Non-current liabilities
Long-term borrowings
1,200,000
1,200,000
Deferred tax liabilities
351,419
395,740
Other
375,829
387,006
Total non-current liabilities
1,927,248
1,982,746
Total liabilities
11,228,062
11,321,818
Net assets
Shareholders' equity
Share capital
8,646,720
8,646,720
Capital surplus
11,992,492
11,996,508
Retained earnings
40,526,723
41,651,296
Treasury shares
(239,524)
(228,593)
Total shareholders' equity
60,926,411
62,065,930
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
70,521
111,241
Foreign currency translation adjustment
(1,543,364)
(1,545,602)
Total accumulated other comprehensive income
(1,472,842)
(1,434,360)
Total net assets
59,453,569
60,631,569
Total liabilities and net assets
70,681,631
71,953,388
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, 2019
Three months ended June 30, 2020
Net sales
10,382,863
8,981,962
Cost of sales
6,108,659
4,909,773
Gross profit
4,274,204
4,072,189
Selling, general and administrative expenses
2,040,244
1,917,352
Operating profit
2,233,960
2,154,836
Non-operating income
Interest income
13,782
14,537
Rental income
24,225
26,106
Other
7,641
17,597
Total non-operating income
45,649
58,242
Non-operating expenses
Interest expenses
-
751
Rent expenses on real estate for investments
12,773
11,312
Foreign exchange losses
54,410
23,524
Other
9,159
18,935
Total non-operating expenses
76,344
54,523
Ordinary profit
2,203,265
2,158,554
Extraordinary income
Gain on sales of non-current assets
222
0
Gain on liquidation of subsidiaries
-
11,887
Total extraordinary income
222
11,888
Extraordinary losses
Loss on sales and retirement of non-current assets
6,218
37
Loss related to infectious disease
-
67,531
Total extraordinary losses
6,218
67,569
Profit before income taxes
2,197,269
2,102,874
Income taxes - current
493,666
447,031
Income taxes - deferred
188,183
210,414
Total income taxes
681,849
657,445
Profit
1,515,419
1,445,428
Profit attributable to owners of parent
1,515,419
1,445,428
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen)
Three months ended June 30, 2019
Three months ended June 30, 2020
Profit
1,515,419
1,445,428
Other comprehensive income
Valuation difference on available-for-sale securities
(1,787)
40,720
Foreign currency translation adjustment
(436,892)
(2,238)
Total other comprehensive income
(438,679)
38,482
Comprehensive income
1,076,740
1,483,910
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
1,076,740
1,483,910
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
QRFUBUKRRSUBURR
