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, 2017 (Based on Japanese GAAP)
January 30, 2018
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
Tamaki Nozoki
TEL 0561-51-0839
Scheduled date to file Quarterly Securities Report:
February 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 nine months ended December 31, 2017 (from April 1, 2017 to December 31, 2017)
(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
%
Nine months ended December 31, 2017
28,005
20.0
6,629
84.5
6,599
82.7
4,396
98.5
Nine months ended December 31, 2016
23,334
4.6
3,593
40.4
3,611
38.2
2,215
33.1
Earnings per share
Diluted earnings per share
Yen
Yen
Nine months ended December 31, 2017
355.63
-
Nine months ended December 31, 2016
179.34
179.34
(2) Consolidated financial position
Total assets
Net assets
Equity ratio
Millions of yen
Millions of yen
%
As of December 31, 2017
56,681
48,120
84.9
As of March 31, 2017
50,593
43,317
85.6
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, 2017
-
20.00
-
20.00
40.00
Year ending March 31, 2018
-
22.00
-
Year ending March 31, 2018 (Forecast)
22.00
44.00
3. Forecast of consolidated financial results for the year ending March 31, 2018 (from April 1, 2017 to March 31, 2018)
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
Full year
38,000
18.1
8,900
79.7
8,900
78.8
5,700
100.0
461.06
4. Notes
(1) Changes in significant subsidiaries during the nine months ended December 31, 2017 (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 December 31, 2017
12,372,000
shares
As of March 31, 2017
12,372,000
shares
Number of treasury shares at the end of the period
As of December 31, 2017
702
shares
As of March 31, 2017
19,629
shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Electronically recorded monetary claims - operating
503,710
776,183
Merchandise and finished goods
2,222,216
2,597,749
Work in process
1,400,373
1,697,260
Raw materials and supplies
3,249,129
3,573,829
Deferred tax assets
321,655
331,074
Other
755,238
851,283
Allowance for doubtful accounts
(2,850)
(1,710)
Total current assets
35,213,127
40,047,539
Non-current assets
Property, plant and equipment
Buildings and structures
10,073,489
11,099,141
Accumulated depreciation
(5,731,785)
(6,091,373)
Buildings and structures, net
4,341,703
5,007,768
Machinery, equipment and vehicles
18,213,958
19,816,058
Accumulated depreciation
(14,338,009)
(15,602,110)
Machinery, equipment and vehicles, net
3,875,948
4,213,947
Land
3,668,726
3,868,420
Construction in progress
679,005
454,389
Other
3,590,735
4,104,651
Accumulated depreciation
(3,029,884)
(3,417,400)
Other, net
560,851
687,251
Total property, plant and equipment
13,126,235
14,231,777
Intangible assets
Goodwill
20,740
-
Other
278,983
285,040
Total intangible assets
299,723
285,040
Investments and other assets
1,954,773
2,116,739
Total non-current assets
15,380,733
16,633,558
Total assets
50,593,860
56,681,097
(Thousands of yen)
As of March 31, 2017
As of December 31, 2017
Liabilities
Current liabilities
Notes and accounts payable - trade
3,503,852
2,464,841
Electronically recorded obligations - operating
-
1,559,230
Current portion of long-term loans payable
22,800
-
Income taxes payable
1,024,872
1,351,518
Provision for bonuses
458,385
358,506
Provision for directors' bonuses
27,500
31,500
Provision for environmental measures
-
13,526
Other
1,726,211
2,036,123
Total current liabilities
6,763,623
7,815,246
Non-current liabilities
Deferred tax liabilities
187,311
322,270
Net defined benefit liability
-
115,742
Provision for environmental measures
13,526
-
Other
312,136
307,838
Total non-current liabilities
512,973
745,851
Total liabilities
7,276,596
8,561,097
Net assets
Shareholders' equity
Capital stock
8,646,720
8,646,720
Capital surplus
11,948,946
11,996,407
Retained earnings
24,022,962
27,900,348
Treasury shares
(42,051)
(2,129)
Total shareholders' equity
44,576,578
48,541,346
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
121,179
209,004
Foreign currency translation adjustment
(1,380,493)
(630,350)
Total accumulated other comprehensive income
(1,259,314)
(421,346)
Total net assets
43,317,263
48,120,000
Total liabilities and net assets
50,593,860
56,681,097
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, 2016
Nine months ended December 31, 2017
Net sales
23,334,558
28,005,826
Cost of sales
14,594,359
15,820,021
Gross profit
8,740,199
12,185,805
Selling, general and administrative expenses
5,146,344
5,556,595
Operating profit
3,593,854
6,629,209
Non-operating income
Interest income
25,259
23,708
Rent income
53,975
54,668
Other
50,842
27,017
Total non-operating income
130,078
105,394
Non-operating expenses
Interest expenses
1,358
7
Foreign exchange losses
53,026
99,867
Rent expenses on real estate for investments
32,950
31,162
Other
25,152
4,123
Total non-operating expenses
112,486
135,160
Ordinary profit
3,611,445
6,599,444
Extraordinary income
Gain on sales of non-current assets
582
8,162
Gain on bargain purchase
-
8,199
Total extraordinary income
582
16,362
Extraordinary losses
Loss on sales and retirement of non-current assets
79,179
57,982
Loss on liquidation of business
235,069
83,248
Other
2,350
-
Total extraordinary losses
316,598
141,231
Profit before income taxes
3,295,429
6,474,575
Income taxes - current
910,712
1,971,317
Income taxes - deferred
169,537
106,657
Total income taxes
1,080,249
2,077,974
Profit
2,215,179
4,396,601
Profit attributable to owners of parent
2,215,179
4,396,601
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen)
Nine months ended December 31, 2016
Nine months ended December 31, 2017
Profit
2,215,179
4,396,601
Other comprehensive income
Valuation difference on available-for-sale securities
54,478
87,824
Foreign currency translation adjustment
(668,325)
750,142
Total other comprehensive income
(613,846)
837,967
Comprehensive income
1,601,332
5,234,568
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
1,601,332
5,234,568
This information is provided by RNS
The company news service from the London Stock Exchange
END
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