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, 2016 (Based on Japanese GAAP)
February 2, 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:
General Manager of Administrative Division
Tamaki Nozoki
TEL 0561-51-0839
Scheduled date to file Quarterly Securities Report:
February 14, 2017
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, 2016 (from April 1, 2016 to December 31, 2016)
(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, 2016
23,335
4.6
3,594
40.4
3,611
38.2
2,215
33.1
Nine months ended December 31, 2015
22,319
(7.9)
2,559
27.8
2,613
4.8
1,664
19.7
Earnings per share
Diluted earnings per share
Yen
Yen
Nine months ended December 31, 2016
179.35
179.34
Nine months ended December 31, 2015
134.73
134.72
(2) Consolidated financial position
Total assets
Net assets
Equity ratio
Millions of yen
Millions of yen
%
As of December 31, 2016
49,660
42,825
86.2
As of March 31, 2016
48,550
41,700
85.9
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, 2016
-
19.00
-
19.00
38.00
Year ending March 31, 2017
-
20.00
-
Year ending March 31, 2017 (Forecast)
20.00
40.00
3. Forecast of consolidated financial results for the year ending March 31, 2017 (from April 1, 2016 to March 31, 2017)
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
31,200
2.0
4,350
14.1
4,450
20.2
2,850
24.6
230.77
4. Notes
(1) Changes in significant subsidiaries during the nine months ended December 31, 2016 (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 December 31, 2016
12,372,000
shares
As of March 31, 2016
12,372,000
shares
Number of treasury shares at the end of the period
As of December 31, 2016
19,629
shares
As of March 31, 2016
22,033
shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Electronically recorded monetary claims - operating
572,146
592,898
Merchandise and finished goods
2,489,838
2,430,598
Work in process
1,702,316
1,655,392
Raw materials and supplies
3,095,281
3,386,391
Deferred tax assets
285,439
244,102
Other
833,428
629,062
Allowance for doubtful accounts
(1,990)
(40,745)
Total current assets
32,398,221
33,904,335
Non-current assets
Property, plant and equipment
Buildings and structures
10,078,873
10,073,226
Accumulated depreciation
(5,519,695)
(5,673,006)
Buildings and structures, net
4,559,178
4,400,220
Machinery, equipment and vehicles
18,712,379
18,288,574
Accumulated depreciation
(13,799,300)
(13,988,241)
Machinery, equipment and vehicles, net
4,913,079
4,300,333
Land
3,503,763
3,671,366
Construction in progress
276,133
666,323
Other
3,553,267
3,591,870
Accumulated depreciation
(3,007,107)
(3,028,665)
Other, net
546,160
563,205
Total property, plant and equipment
13,798,312
13,601,446
Intangible assets
Goodwill
135,905
27,654
Other
433,269
285,079
Total intangible assets
569,174
312,733
Investments and other assets
1,784,068
1,841,972
Total non-current assets
16,151,555
15,756,152
Total assets
48,549,776
49,660,486
(Thousands of yen)
As of March 31, 2016
As of December 31, 2016
Liabilities
Current liabilities
Notes and accounts payable - trade
3,068,282
3,300,056
Current portion of long-term loans payable
137,984
58,900
Income taxes payable
589,934
491,442
Provision for bonuses
503,850
301,771
Provision for directors' bonuses
23,750
13,750
Notes payable - facilities
169,681
330,696
Other
1,824,564
1,847,664
Total current liabilities
6,318,045
6,344,279
Non-current liabilities
Long-term loans payable
115,409
-
Deferred tax liabilities
76,973
165,242
Provision for environmental measures
13,527
13,527
Other
325,379
311,961
Total non-current liabilities
531,288
490,729
Total liabilities
6,849,333
6,835,008
Net assets
Shareholders' equity
Capital stock
8,646,720
8,646,720
Capital surplus
11,946,793
11,948,947
Retained earnings
21,654,339
23,387,822
Treasury shares
(47,072)
(42,051)
Total shareholders' equity
42,200,781
43,941,438
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
53,057
107,535
Foreign currency translation adjustment
(555,170)
(1,223,495)
Total accumulated other comprehensive income
(502,113)
(1,115,960)
Subscription rights to shares
1,775
-
Total net assets
41,700,443
42,825,478
Total liabilities and net assets
48,549,776
49,660,486
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, 2015
Nine months ended December 31, 2016
Net sales
22,318,933
23,334,559
Cost of sales
14,454,679
14,594,359
Gross profit
7,864,254
8,740,199
Selling, general and administrative expenses
5,305,061
5,146,345
Operating income
2,559,194
3,593,854
Non-operating income
Interest income
23,559
25,260
Rent income
68,443
53,976
Other
50,939
50,843
Total non-operating income
142,941
130,078
Non-operating expenses
Interest expenses
4,791
1,358
Foreign exchange losses
45,874
53,026
Rent expenses on real estate for investments
28,984
32,951
Other
9,465
25,152
Total non-operating expenses
89,114
112,487
Ordinary income
2,613,021
3,611,446
Extraordinary income
Gain on sales of non-current assets
7,845
582
Total extraordinary income
7,845
582
Extraordinary losses
Loss on sales and retirement of non-current assets
1,990
79,179
Loss on sales of investment securities
6,816
-
Loss on liquidation of business
-
235,069
Other
-
2,350
Total extraordinary losses
8,806
316,599
Profit before income taxes
2,612,060
3,295,430
Income taxes - current
772,425
910,712
Income taxes - deferred
175,762
169,537
Total income taxes
948,187
1,080,250
Profit
1,663,873
2,215,180
Loss attributable to non-controlling interests
(0)
-
Profit attributable to owners of parent
1,663,873
2,215,180
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen)
Nine months ended December 31, 2015
Nine months ended December 31, 2016
Profit
1,663,873
2,215,180
Other comprehensive income
Valuation difference on available-for-sale securities
(31,764)
54,479
Foreign currency translation adjustment
(1,046,521)
(668,325)
Total other comprehensive income
(1,078,285)
(613,847)
Comprehensive income
585,588
1,601,333
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
585,588
1,601,333
Comprehensive income attributable to non-controlling interests
(0)
-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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