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 Nine Months Ended December 31, 2015 (Based on Japanese GAAP)
February 4, 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:
Director, General Manager of Administrative Division
Tetsuya Nagamitsu
TEL 0561-51-0839
Scheduled date to file Quarterly Securities Report:
February 12, 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 nine months ended December 31, 2015 (from April 1, 2015 to December 31, 2015)
(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
%
Nine months ended December 31, 2015
22,319
(7.9)
2,559
27.8
2,613
4.8
1,664
19.7
Nine months ended December 31, 2014
24,227
0.3
2,002
(13.8)
2,494
(6.9)
1,390
(26.4)
Earnings per share
Diluted earnings per share
Yen
Yen
Nine months ended December 31, 2015
134.73
134.72
Nine months ended December 31, 2014
112.57
112.56
(2) Consolidated financial position
Total assets
Net assets
Equity ratio
Millions of yen
Millions of yen
%
As of December 31, 2015
47,378
41,127
86.8
As of March 31, 2015
49,445
41,000
82.9
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, 2015
-
18.00
-
18.00
36.00
Year ending March 31, 2016
-
19.00
-
Year ending March 31, 2016 (Forecast)
19.00
38.00
3. Forecast of consolidated financial results for the year ending March 31, 2016 (from April 1, 2015 to March 31, 2016)
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
Full year
34,000
3.6
3,400
41.4
3,500
23.2
2,500
182.8
202.43
4. Notes
(1) Changes in significant subsidiaries during the nine months ended December 31, 2015 (changes in specified subsidiaries resulting in the change in scope of consolidation):
Yes
(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 December 31, 2015
12,372,000
shares
As of March 31, 2015
12,372,000
shares
Number of treasury shares at the end of the period
As of December 31, 2015
22,033
shares
As of March 31, 2015
21,983
shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Electronically recorded monetary claims - operating
439,199
425,849
Merchandise and finished goods
2,170,099
2,489,563
Work in process
1,864,301
1,645,813
Raw materials and supplies
3,097,696
3,021,334
Deferred tax assets
319,540
215,918
Other
811,100
1,009,279
Allowance for doubtful accounts
(11,420)
(11,500)
Total current assets
31,406,408
30,779,629
Non-current assets
Property, plant and equipment
Buildings and structures
9,941,584
9,981,488
Accumulated depreciation
(5,306,942)
(5,420,607)
Buildings and structures, net
4,634,642
4,560,881
Machinery, equipment and vehicles
18,005,004
17,786,991
Accumulated depreciation
(13,486,127)
(13,429,790)
Machinery, equipment and vehicles, net
4,518,878
4,357,201
Land
3,518,446
3,517,915
Construction in progress
1,786,282
1,058,651
Other
3,514,181
3,439,157
Accumulated depreciation
(2,980,477)
(2,912,148)
Other, net
533,704
527,009
Total property, plant and equipment
14,991,951
14,021,657
Intangible assets
Goodwill
426,091
208,452
Other
450,485
430,925
Total intangible assets
876,575
639,376
Investments and other assets
2,170,275
1,937,475
Total non-current assets
18,038,802
16,598,508
Total assets
49,445,209
47,378,137
(Thousands of yen)
As of March 31, 2015
As of December 31, 2015
Liabilities
Current liabilities
Notes and accounts payable - trade
3,989,435
3,006,063
Current portion of long-term loans payable
992,576
137,884
Income taxes payable
393,528
439,334
Provision for bonuses
458,819
264,874
Provision for directors' bonuses
4,750
2,375
Notes payable - facilities
184,241
180,404
Other
1,690,996
1,714,179
Total current liabilities
7,714,345
5,745,112
Non-current liabilities
Long-term loans payable
253,393
152,680
Provision for environmental measures
26,256
26,256
Other
451,317
326,996
Total non-current liabilities
730,966
505,932
Total liabilities
8,445,311
6,251,044
Net assets
Shareholders' equity
Capital stock
8,646,720
8,646,720
Capital surplus
11,946,793
11,946,793
Retained earnings
19,824,325
21,031,247
Treasury shares
(46,922)
(47,072)
Total shareholders' equity
40,370,916
41,577,688
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
130,601
98,837
Foreign currency translation adjustment
495,314
(551,207)
Total accumulated other comprehensive income
625,915
(452,370)
Subscription rights to shares
1,775
1,775
Non-controlling interests
1,293
-
Total net assets
40,999,898
41,127,093
Total liabilities and net assets
49,445,209
47,378,137
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen)
Nine months ended December 31, 2014
Nine months ended December 31, 2015
Net sales
24,227,414
22,318,933
Cost of sales
16,527,366
14,454,679
Gross profit
7,700,048
7,864,254
Selling, general and administrative expenses
5,698,225
5,305,061
Operating income
2,001,823
2,559,194
Non-operating income
Interest income
27,675
23,559
Rent income
72,776
68,443
Foreign exchange gains
401,804
-
Other
40,835
50,939
Total non-operating income
543,090
142,941
Non-operating expenses
Interest expenses
10,040
4,791
Foreign exchange losses
-
45,874
Rent expenses on real estate for investments
28,487
28,984
Other
12,027
9,465
Total non-operating expenses
50,554
89,114
Ordinary income
2,494,359
2,613,021
Extraordinary income
Gain on sales of non-current assets
3,311
7,845
Gain on sales of investment securities
21,498
-
Subsidy income
755,000
-
Total extraordinary income
779,810
7,845
Extraordinary losses
Loss on sales and retirement of non-current assets
14,817
1,990
Loss on reduction of non-current assets
738,327
-
Loss on sales of investment securities
-
6,816
Impairment loss
192,134
-
Loss on abandonment of inventories
91,319
-
Other
41,029
-
Total extraordinary losses
1,077,626
8,806
Income before income taxes and minority interests
2,196,543
2,612,060
Income taxes - current
764,943
772,425
Income taxes - deferred
41,231
175,762
Total income taxes
806,174
948,187
Profit
1,390,369
1,663,873
Profit attributable to non-controlling interests
125
(0)
Profit attributable to owners of parent
1,390,244
1,663,873
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen)
Nine months ended December 31, 2014
Nine months ended December 31, 2015
Profit
1,390,369
1,663,873
Other comprehensive income
Valuation difference on available-for-sale securities
65,275
(31,764)
Foreign currency translation adjustment
952,322
(1,046,521)
Total other comprehensive income
1,017,598
(1,078,285)
Comprehensive income
2,407,966
585,588
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
2,407,842
585,588
Comprehensive income attributable to non-controlling interests
125
(0)
This information is provided by RNS
The company news service from the London Stock Exchange
END
QRTUSARRNSAURAR
