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, 2021 (Based on Japanese GAAP)
July 27, 2021
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
Kouichi Goto
TEL 0561-51-0841
Scheduled date to file Quarterly Securities Report:
August 6, 2021
Scheduled date to commence dividend payments:
-
Preparation of supplementary material on quarterly financial results:
No
Holding of quarterly financial results meeting:
Yes
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2021 (from April 1, 2021 to June 30, 2021)
(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, 2021
11,112
23.7
3,182
47.7
3,236
49.9
2,211
53.0
Three months ended June 30, 2020
8,981
(13.5)
2,154
(3.5)
2,158
(2.0)
1,445
(4.6)
Earnings per share
Diluted earnings per share
Yen
Yen
Three months ended June 30, 2021
179.24
-
Three months ended June 30, 2020
117.21
-
(2) Consolidated financial position
Total assets
Net assets
Equity ratio
Millions of yen
Millions of yen
%
As of June 30, 2021
79,107
68,132
86.1
As of March 31, 2021
78,059
66,344
85.0
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, 2021
-
28.00
-
36.00
64.00
Year ending March 31, 2022
-
Year ending March 31, 2022 (Forecast)
34.00
-
34.00
68.00
3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
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, 2021
20,000
2.4
5,000
6.7
5,000
7.7
3,500
10.9
283.72
Full year
42,000
1.4
11,000
7.3
11,000
6.5
7,500
8.1
607.99
4. Notes
(1) Changes in significant subsidiaries during the three months ended June 30, 2021 (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, 2021
12,372,000
shares
As of March 31, 2021
12,372,000
shares
Number of treasury shares at the end of the period
As of June 30, 2021
34,270
shares
As of March 31, 2021
36,327
shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Electronically recorded monetary claims - operating
1,267
1,444
Merchandise and finished goods
1,641
1,669
Work in process
2,277
2,453
Raw materials and supplies
2,463
2,824
Other
2,148
864
Allowance for doubtful accounts
(8)
(8)
Total current assets
53,714
55,002
Non-current assets
Property, plant and equipment
Buildings and structures
17,012
17,305
Accumulated depreciation
(6,967)
(7,234)
Buildings and structures, net
10,044
10,070
Machinery, equipment and vehicles
22,354
23,054
Accumulated depreciation
(17,149)
(17,770)
Machinery, equipment and vehicles, net
5,204
5,284
Land
4,544
4,548
Construction in progress
1,889
1,641
Other
3,887
4,699
Accumulated depreciation
(3,238)
(4,008)
Other, net
648
690
Total property, plant and equipment
22,332
22,236
Intangible assets
Other
260
266
Total intangible assets
260
266
Investments and other assets
1,752
1,602
Total non-current assets
24,345
24,105
Total assets
78,059
79,107
(Millions of yen)
As of March 31, 2021
As of June 30, 2021
Liabilities
Current liabilities
Notes and accounts payable - trade
2,404
2,583
Electronically recorded obligations - operating
1,931
1,933
Short-term borrowings
100
100
Current portion of long-term borrowings
266
266
Income taxes payable
1,986
849
Provision for bonuses
699
447
Provision for bonuses for directors (and other officers)
49
2
Other
2,172
2,749
Total current liabilities
9,612
8,933
Non-current liabilities
Long-term borrowings
1,599
1,533
Deferred tax liabilities
160
166
Other
342
342
Total non-current liabilities
2,103
2,041
Total liabilities
11,715
10,975
Net assets
Shareholders' equity
Share capital
8,646
8,646
Capital surplus
12,005
12,017
Retained earnings
46,796
48,554
Treasury shares
(217)
(205)
Total shareholders' equity
67,231
69,014
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
119
111
Foreign currency translation adjustment
(1,006)
(993)
Total accumulated other comprehensive income
(886)
(881)
Total net assets
66,344
68,132
Total liabilities and net assets
78,059
79,107
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen)
Three months ended June 30, 2020
Three months ended June 30, 2021
Net sales
8,981
11,112
Cost of sales
4,909
5,743
Gross profit
4,072
5,368
Selling, general and administrative expenses
1,917
2,186
Operating profit
2,154
3,182
Non-operating income
Interest income
14
11
Rental income
26
25
Foreign exchange gains
-
26
Other
17
11
Total non-operating income
58
75
Non-operating expenses
Interest expenses
0
2
Rent expenses on real estate for investments
11
10
Foreign exchange losses
23
-
Other
18
8
Total non-operating expenses
54
21
Ordinary profit
2,158
3,236
Extraordinary income
Gain on sale of non-current assets
0
0
Gain on liquidation of subsidiaries
11
-
Total extraordinary income
11
0
Extraordinary losses
Loss on sale and retirement of non-current assets
0
1
Loss related to infectious disease
67
-
Total extraordinary losses
67
1
Profit before income taxes
2,102
3,234
Income taxes - current
447
859
Income taxes - deferred
210
163
Total income taxes
657
1,023
Profit
1,445
2,211
Profit attributable to owners of parent
1,445
2,211
Consolidated statements of comprehensive income (cumulative)
(Millions of yen)
Three months ended June 30, 2020
Three months ended June 30, 2021
Profit
1,445
2,211
Other comprehensive income
Valuation difference on available-for-sale securities
40
(8)
Foreign currency translation adjustment
(2)
13
Total other comprehensive income
38
5
Comprehensive income
1,483
2,216
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
1,483
2,216
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