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, 2018 (Based on Japanese GAAP)
January 31, 2019
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:
Director, General Manager of Administrative Division
Tamaki Nozoki
TEL 0561-51-0839
Scheduled date to file Quarterly Securities Report:
February 8, 2019
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, 2018 (from April 1, 2018 to December 31, 2018)
(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, 2018
30,149
7.7
6,959
5.0
7,315
10.9
4,838
10.1
Nine months ended December 31, 2017
28,005
20.0
6,629
84.5
6,599
82.7
4,396
98.5
Earnings per share
Diluted earnings per share
Yen
Yen
Nine months ended December 31, 2018
391.50
-
Nine months ended December 31, 2017
355.63
-
(2) Consolidated financial position
Total assets
Net assets
Equity ratio
Millions of yen
Millions of yen
%
As of December 31, 2018
62,192
52,898
85.1
As of March 31, 2018
58,514
49,029
83.8
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, 2018
-
22.00
-
22.00
44.00
Year ending March 31, 2019
-
24.00
-
Year ending March 31, 2019 (Forecast)
24.00
48.00
3. Forecast of consolidated financial results for the year ending March 31, 2019 (from April 1, 2018 to March 31, 2019)
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
40,300
4.6
9,800
6.8
9,850
11.1
6,550
18.1
529.83
4. Notes
(1) Changes in significant subsidiaries during the nine months ended December 31, 2018 (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, 2018
12,372,000
shares
As of March 31, 2018
12,372,000
shares
Number of treasury shares at the end of the period
As of December 31, 2018
18,876
shares
As of March 31, 2018
9,702
shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Electronically recorded monetary claims - operating
1,047,980
1,282,873
Merchandise and finished goods
2,220,883
3,269,379
Work in process
1,817,145
2,185,853
Raw materials and supplies
3,630,476
4,310,665
Other
1,171,284
1,224,325
Allowance for doubtful accounts
(1,670)
(1,740)
Total current assets
41,670,803
44,230,382
Non-current assets
Property, plant and equipment
Buildings and structures
11,159,776
11,604,116
Accumulated depreciation
(6,133,121)
(6,388,471)
Buildings and structures, net
5,026,654
5,215,644
Machinery, equipment and vehicles
19,595,623
20,457,414
Accumulated depreciation
(15,542,570)
(16,167,078)
Machinery, equipment and vehicles, net
4,053,052
4,290,335
Land
3,943,218
3,942,195
Construction in progress
389,265
1,160,478
Other
4,163,793
4,502,448
Accumulated depreciation
(3,483,672)
(3,678,959)
Other, net
680,121
823,489
Total property, plant and equipment
14,092,312
15,432,144
Intangible assets
Goodwill
-
262,785
Other
274,885
279,980
Total intangible assets
274,885
542,766
Investments and other assets
2,476,673
1,986,972
Total non-current assets
16,843,870
17,961,882
Total assets
58,514,674
62,192,265
(Thousands of yen)
As of March 31, 2018
As of December 31, 2018
Liabilities
Current liabilities
Notes and accounts payable - trade
2,428,784
2,419,018
Electronically recorded obligations - operating
1,456,612
1,950,146
Income taxes payable
2,061,684
741,216
Provision for bonuses
542,637
398,537
Provision for directors' bonuses
63,000
31,500
Provision for environmental measures
3,436
-
Other
2,079,222
2,908,487
Total current liabilities
8,635,378
8,448,906
Non-current liabilities
Deferred tax liabilities
449,309
492,647
Net defined benefit liability
82,126
-
Other
318,304
352,346
Total non-current liabilities
849,740
844,993
Total liabilities
9,485,118
9,293,900
Net assets
Shareholders' equity
Capital stock
8,646,720
8,646,720
Capital surplus
11,996,407
11,994,350
Retained earnings
29,048,238
33,318,499
Treasury shares
(77,131)
(132,111)
Total shareholders' equity
49,614,235
53,827,457
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
166,404
115,953
Foreign currency translation adjustment
(751,083)
(1,045,045)
Total accumulated other comprehensive income
(584,678)
(929,092)
Total net assets
49,029,556
52,898,365
Total liabilities and net assets
58,514,674
62,192,265
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, 2017
Nine months ended December 31, 2018
Net sales
28,005,826
30,149,733
Cost of sales
15,820,021
16,948,543
Gross profit
12,185,805
13,201,190
Selling, general and administrative expenses
5,556,595
6,242,188
Operating profit
6,629,209
6,959,002
Non-operating income
Interest income
23,708
21,212
Rent income
54,668
57,211
Foreign exchange gains
-
250,261
Other
27,017
83,028
Total non-operating income
105,394
411,714
Non-operating expenses
Interest expenses
7
-
Foreign exchange losses
99,867
-
Rent expenses on real estate for investments
31,162
45,143
Other
4,123
9,743
Total non-operating expenses
135,160
54,887
Ordinary profit
6,599,444
7,315,829
Extraordinary income
Gain on sales of non-current assets
8,162
4,043
Gain on bargain purchase
8,199
-
Gain on sales of investment securities
-
3,469
Total extraordinary income
16,362
7,512
Extraordinary losses
Loss on sales and retirement of non-current assets
57,982
5,354
Loss on liquidation of business
83,248
-
Retirement benefit expenses
-
51,447
Total extraordinary losses
141,231
56,801
Profit before income taxes
6,474,575
7,266,540
Income taxes - current
1,971,317
2,223,395
Income taxes - deferred
106,657
204,222
Total income taxes
2,077,974
2,427,618
Profit
4,396,601
4,838,922
Profit attributable to owners of parent
4,396,601
4,838,922
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen)
Nine months ended December 31, 2017
Nine months ended December 31, 2018
Profit
4,396,601
4,838,922
Other comprehensive income
Valuation difference on available-for-sale securities
87,824
(50,450)
Foreign currency translation adjustment
750,142
(293,962)
Total other comprehensive income
837,967
(344,413)
Comprehensive income
5,234,568
4,494,508
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
5,234,568
4,494,508
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