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, 2019 (Based on Japanese GAAP)
January 30, 2020
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 7, 2020
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, 2019 (from April 1, 2019 to December 31, 2019)
(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, 2019
30,810
2.2
6,699
(3.7)
6,789
(7.2)
4,087
(15.5)
Nine months ended December 31, 2018
30,149
7.7
6,959
5.0
7,315
10.9
4,838
10.1
Earnings per share
Diluted earnings per share
Yen
Yen
Nine months ended December 31, 2019
331.36
-
Nine months ended December 31, 2018
391.50
-
(2) Consolidated financial position
Total assets
Net assets
Equity ratio
Millions of yen
Millions of yen
%
As of December 31, 2019
66,529
58,186
87.5
As of March 31, 2019
64,627
54,954
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, 2019
-
24.00
-
24.00
48.00
Year ending March 31, 2020
-
26.00
-
Year ending March 31, 2020 (Forecast)
26.00
52.00
3. Forecast of consolidated financial results for the year ending March 31, 2020 (from April 1, 2019 to March 31, 2020)
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
(7.8)
7,800
(18.4)
7,800
(21.4)
5,300
(21.7)
429.39
4. Notes
(1) Changes in significant subsidiaries during the nine months ended December 31, 2019 (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, 2019
12,372,000
shares
As of March 31, 2019
12,372,000
shares
Number of treasury shares at the end of the period
As of December 31, 2019
40,113
shares
As of March 31, 2019
28,920
shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Electronically recorded monetary claims - operating
1,476,219
1,408,325
Merchandise and finished goods
3,161,672
2,521,012
Work in process
2,337,293
2,288,582
Raw materials and supplies
4,277,629
3,080,234
Other
1,430,685
1,201,467
Allowance for doubtful accounts
(1,920)
(6,442)
Total current assets
45,575,080
45,998,020
Non-current assets
Property, plant and equipment
Buildings and structures
12,583,053
12,660,478
Accumulated depreciation
(6,512,559)
(6,473,603)
Buildings and structures, net
6,070,494
6,186,874
Machinery, equipment and vehicles
20,957,313
21,214,074
Accumulated depreciation
(16,322,648)
(16,531,842)
Machinery, equipment and vehicles, net
4,634,664
4,682,232
Land
4,003,430
4,044,290
Construction in progress
813,830
2,397,425
Other
4,615,622
3,898,887
Accumulated depreciation
(3,790,482)
(3,235,157)
Other, net
825,140
663,729
Total property, plant and equipment
16,347,560
17,974,553
Intangible assets
Goodwill
249,423
209,337
Other
283,871
272,315
Total intangible assets
533,294
481,653
Investments and other assets
2,171,586
2,074,960
Total non-current assets
19,052,442
20,531,167
Total assets
64,627,522
66,529,187
(Thousands of yen)
As of March 31, 2019
As of December 31, 2019
Liabilities
Current liabilities
Notes and accounts payable - trade
2,827,288
2,105,607
Electronically recorded obligations - operating
1,704,169
1,358,134
Income taxes payable
1,590,551
775,435
Provision for bonuses
627,985
329,627
Provision for bonuses for directors (and other officers)
63,000
31,500
Other
2,047,119
3,162,815
Total current liabilities
8,860,114
7,763,121
Non-current liabilities
Deferred tax liabilities
452,364
198,758
Other
360,543
380,821
Total non-current liabilities
812,907
579,579
Total liabilities
9,673,021
8,342,701
Net assets
Shareholders' equity
Share capital
8,646,720
8,646,720
Capital surplus
11,994,350
11,992,492
Retained earnings
35,249,658
38,719,859
Treasury shares
(188,864)
(239,092)
Total shareholders' equity
55,701,864
59,119,980
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
117,622
156,149
Foreign currency translation adjustment
(864,986)
(1,089,642)
Total accumulated other comprehensive income
(747,363)
(933,493)
Total net assets
54,954,500
58,186,486
Total liabilities and net assets
64,627,522
66,529,187
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, 2018
Nine months ended December 31, 2019
Net sales
30,149,733
30,810,745
Cost of sales
16,948,543
17,956,384
Gross profit
13,201,190
12,854,360
Selling, general and administrative expenses
6,242,188
6,155,145
Operating profit
6,959,002
6,699,214
Non-operating income
Interest income
21,212
40,940
Rental income
57,211
71,853
Foreign exchange gains
250,261
-
Other
83,028
29,944
Total non-operating income
411,714
142,738
Non-operating expenses
Foreign exchange losses
-
2,099
Rent expenses on real estate for investments
45,143
36,714
Other
9,743
13,937
Total non-operating expenses
54,887
52,751
Ordinary profit
7,315,829
6,789,201
Extraordinary income
Gain on sales of non-current assets
4,043
1,423
Gain on sales of investment securities
3,469
-
Settlement received
-
100,000
Total extraordinary income
7,512
101,423
Extraordinary losses
Loss on sales and retirement of non-current assets
5,354
74,408
Loss on valuation of investment securities
-
27,510
Loss on liquidation of business
-
775,716
Retirement benefit expenses
51,447
-
Total extraordinary losses
56,801
877,634
Profit before income taxes
7,266,540
6,012,990
Income taxes - current
2,223,395
2,103,322
Income taxes - deferred
204,222
(177,395)
Total income taxes
2,427,618
1,925,926
Profit
4,838,922
4,087,063
Profit attributable to owners of parent
4,838,922
4,087,063
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen)
Nine months ended December 31, 2018
Nine months ended December 31, 2019
Profit
4,838,922
4,087,063
Other comprehensive income
Valuation difference on available-for-sale securities
(50,450)
38,526
Foreign currency translation adjustment
(293,962)
(224,656)
Total other comprehensive income
(344,413)
(186,129)
Comprehensive income
4,494,508
3,900,933
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
4,494,508
3,900,933
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