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    Maruwa Co Ld - Final Results

    Picture of Maruwa Co logoMaruwa Co
    27/04/2018 09:32
    2018-04-27T08:32:27.968Zreuters.comtag:reuters.com,2018-04-27:newsml_RSa3790Ma:13TXT
This file is provided for EAP sample purposes only; it's structure and detail are subject to change, and should not be used as a definitive reference for actual development and processing.2018-04-27T08:32:27.968Z2018-04-27T08:32:27.968Z____UCDP:parsn_lse_10.54.4.69_1.2.37102:REG - Maruwa Co Ld  - Final Results2019-05-27T08:32:27.968Z3RSa3790MaREG - Maruwa Co Ld  - Final ResultsLEGACY: Technology (TRBC)LEGACY: Technology Equipment (TRBC)Electronic Equipment & Parts (NEC) (TRBC level 5)Industrials (TRBC level 1)Industrial Goods (TRBC level 2)Machinery, Tools, Heavy Vehicles, Trains & Ships (TRBC level 3)Electrical Components & Equipment (TRBC level 4)Technology (TRBC level 1)Technology Equipment (TRBC level 2)Electronic Equipment & Parts (TRBC level 4)LEGACY: Industrials (TRBC)LEGACY: Industrial Goods (TRBC)LEGACY: Machinery, Equipment & Components (TRBC)LEGACY: Electrical Components & Equipment (TRBC)Western EuropeJapanEast AsiaUnited KingdomEuropeAsia / PacificAsiaTechnology / Media / TelecomsSuggested SourcesNews AnnouncementsRegulatory Corporate News AnnouncementsCompany NewsEurope daily earnings hits & missesMaruwa Co Ltd

RNS Number : 3790M

Maruwa Co Ld

27 April 2018

 


    Translation
    

 


    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 Year Ended March 31, 2018
    (Based on Japanese GAAP)
    April 27, 2018
    Company name:MARUWA CO., LTD.
    Stock exchange listing:Tokyo, Nagoya
    Stock code:5344URL http://www.maruwa-g.com/
    Representative:President and Representative DirectorSei Kanbe
    Inquiries:Director, General Manager of Administrative DivisionTamaki NozokiTEL 0561-51-0839
    Scheduled date of ordinary general meeting of shareholders:June 26, 2018
    Scheduled date to file Securities Report:June 27, 2018
    Scheduled date to commence dividend payments:June 27, 2018
    Preparation of supplementary material on financial results:No
    Holding of financial results meeting:No
    

 


    (Amounts less than one million yen are rounded down)
    

1. Consolidated financial results for the year ended March 31, 2018 (from April 1, 2017 to March 31, 2018)


    (1) Consolidated operating resultsPercentages indicate year-on-year changes
    

 


    Net salesOperating profitOrdinary profitProfit attributable to owners of parent
    Millions of yen%Millions of yen%Millions of yen%Millions of yen%
    Year ended March 31, 201838,51319.79,17485.28,86678.15,54494.5
    Year ended March 31, 201732,1875.34,95329.94,97834.52,85024.6
    

 


    Earnings per shareDiluted earnings per shareProfit attributable to owners of parent/equityOrdinary profit/total assetsOperating profit/net sales
    YenYen%%%
    Year ended March 31, 2018448.44-12.016.223.8
    Year ended March 31, 2017230.76230.756.710.015.4
    

 

(2) Consolidated financial position


    Total assetsNet assetsEquity ratioNet assets per share
    Millions of yenMillions of yen%Yen
    As of March 31, 201858,56049,02983.73,966.05
    As of March 31, 201750,59343,31785.63,506.79
    

 

(3) Consolidated cash flows


    Cash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of period
    Millions of yenMillions of yenMillions of yenMillions of yen
    Year ended March 31, 20187,544(2,851)(668)21,799
    Year ended March 31, 20175,348(1,247)(706)17,834
    

 

2. Cash dividends


    Annual dividends per shareTotal cash dividends (Total)Dividend payout ratio (Consolidated)Ratio of dividends to net assets (Consolidated)
    1st quarter-end2nd quarter-end3rd quarter-endFiscal year-endTotal
    YenYenYenYenYenMillions of yen%%
    Year ended March 31, 2017-20.00-20.0040.0049417.31.1
    Year ended March 31, 2018-22.00-22.0044.005199.81.2
    Year ending March 31, 2019
    (Forecast)    		-24.00-24.0048.009.1
    

 

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 salesOperating profitOrdinary profitProfit attributable to owners of parentEarnings per share
    Millions of yen%Millions of yen%Millions of yen%Millions of yen%Yen
    Six months ending
    September 30, 2018    		18,1003.74,0503.94,0501.82,7002.2218.40
    Full year40,3004.69,8006.89,85011.16,55018.1529.83
    

 

4. Notes


    (1) Changes in significant subsidiaries during the year ended March 31, 2018
    (changes in specified subsidiaries resulting in the change in scope of consolidation):    		No
    

 

(2) 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
    

 

(3) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)


    As of March 31, 201812,372,000sharesAs of March 31, 201712,372,000shares
    

Number of treasury shares at the end of the period


    As of March 31, 20189,702sharesAs of March 31, 201719,629shares
    

Average number of shares during the period


    Year ended March 31, 201812,363,727sharesYear ended March 31, 201712,351,647shares
    

 

Consolidated financial statements

Consolidated balance sheets


    (Thousands of yen)
    As of March 31, 2017As of March 31, 2018
    Assets
    Current assets
    Cash and deposits18,027,04621,994,568
    Notes and accounts receivable - trade8,736,6079,790,135
    Electronically recorded monetary claims - operating503,7101,047,980
    Merchandise and finished goods2,222,2162,220,883
    Work in process1,400,3731,817,145
    Raw materials and supplies3,249,1293,630,476
    Deferred tax assets321,655472,760
    Other755,2381,171,284
    Allowance for doubtful accounts(2,850)(1,670)
    Total current assets35,213,12742,143,564
    Non-current assets
    Property, plant and equipment
    Buildings and structures10,073,48911,159,776
    Accumulated depreciation(5,731,785)(6,133,121)
    Buildings and structures, net4,341,7035,026,654
    Machinery, equipment and vehicles18,213,95819,595,623
    Accumulated depreciation(14,338,009)(15,542,570)
    Machinery, equipment and vehicles, net3,875,9484,053,052
    Land3,668,7263,943,218
    Construction in progress679,005389,265
    Other3,590,7354,163,793
    Accumulated depreciation(3,029,884)(3,483,672)
    Other, net560,851680,121
    Total property, plant and equipment13,126,23514,092,312
    Intangible assets
    Goodwill20,740-
    Other278,983274,885
    Total intangible assets299,723274,885
    Investments and other assets
    Investment securities309,384404,300
    Deferred tax assets177,882156,172
    Real estate for investment1,020,7011,002,008
    Buildings and structures680,969681,619
    Accumulated depreciation(361,237)(378,919)
    Buildings and structures, net319,731302,699
    Land688,832688,832
    Other42,20442,204
    Accumulated depreciation(30,066)(31,728)
    Other, net12,13710,476
    Other502,390500,715
    Allowance for doubtful accounts(55,585)(13,337)
    Total investments and other assets1,954,7732,049,858
    Total non-current assets15,380,73316,417,056
    Total assets50,593,86058,560,621
    

 


    (Thousands of yen)
    As of March 31, 2017As of March 31, 2018
    Liabilities
    Current liabilities
    Notes and accounts payable - trade3,503,8522,428,784
    Electronically recorded obligations - operating-1,456,612
    Current portion of long-term loans payable22,800-
    Income taxes payable1,024,8722,061,684
    Provision for bonuses458,385542,637
    Provision for directors' bonuses27,50063,000
    Provision for environmental measures-3,436
    Other1,726,2112,079,232
    Total current liabilities6,763,6238,635,387
    Non-current liabilities
    Deferred tax liabilities187,311495,245
    Provision for environmental measures13,526-
    Net defined benefit liability-82,126
    Other312,136318,304
    Total non-current liabilities512,973895,676
    Total liabilities7,276,5969,531,064
    Net assets
    Shareholders' equity
    Capital stock8,646,7208,646,720
    Capital surplus11,948,94611,996,407
    Retained earnings24,022,96229,048,238
    Treasury shares(42,051)(77,131)
    Total shareholders' equity44,576,57849,614,235
    Accumulated other comprehensive income
    Valuation difference on available-for-sale securities121,179166,404
    Foreign currency translation adjustment(1,380,493)(751,083)
    Total accumulated other comprehensive income(1,259,314)(584,678)
    Total net assets43,317,26349,029,556
    Total liabilities and net assets50,593,86058,560,621
    

 

Consolidated statements of income and consolidated statements of comprehensive income

Consolidated statements of income


    (Thousands of yen)
    Fiscal year ended
    March 31, 2017    		Fiscal year ended
    March 31, 2018
    Net sales32,187,20538,513,051
    Cost of sales20,296,94921,928,997
    Gross profit11,890,25516,584,054
    Selling, general and administrative expenses6,937,0267,410,006
    Operating profit4,953,2299,174,047
    Non-operating income
    Interest income38,07731,913
    Rent income85,34974,663
    Other95,24471,535
    Total non-operating income218,672178,112
    Non-operating expenses
    Interest expenses1,3117
    Foreign exchange losses95,101381,723
    Rent expenses on real estate for investments51,67948,668
    Other45,73655,198
    Total non-operating expenses193,829485,599
    Ordinary profit4,978,0728,866,561
    Extraordinary income
    Gain on sales of non-current assets7238,183
    Gain on sales of investment securities554-
    Subsidy income6,032-
    Gain on bargain purchase-8,199
    Total extraordinary income7,30916,383
    Extraordinary losses
    Loss on sales and retirement of non-current assets100,946275,905
    Loss on liquidation of business230,021100,493
    Impairment loss341,765-
    Other10,89249,912
    Total extraordinary losses683,626426,310
    Profit before income taxes4,301,7568,456,634
    Income taxes - current1,452,5142,765,956
    Income taxes - deferred(1,077)146,186
    Total income taxes1,451,4362,912,142
    Profit2,850,3205,544,491
    Profit attributable to owners of parent2,850,3205,544,491
    

 

Consolidated statements of comprehensive income


    (Thousands of yen)
    Fiscal year ended
    March 31, 2017    		Fiscal year ended
    March 31, 2018
    Profit2,850,3205,544,491
    Other comprehensive income
    Valuation difference on available-for-sale securities68,12245,225
    Foreign currency translation adjustment(825,323)629,410
    Total other comprehensive income(757,201)674,635
    Comprehensive income2,093,1186,219,127
    Comprehensive income attributable to
    Comprehensive income attributable to owners of parent2,093,1186,219,127
    

 

Consolidated statements of changes in equity

Fiscal year ended March 31, 2017


    (Thousands of yen)
    Shareholders' equity
    Capital stockCapital surplusRetained earningsTreasury sharesTotal shareholders' equity
    Balance at beginning of current period8,646,72011,946,79321,654,339(47,071)42,200,780
    Changes of items during period
    Dividends of surplus(481,696)(481,696)
    Profit attributable to owners of parent2,850,3202,850,320
    Purchase of treasury shares(326)(326)
    Disposal of treasury shares2,1535,3467,500
    Net changes of items other than shareholders' equity
    Total changes of items during period-2,1532,368,6235,0202,375,797
    Balance at end of current period8,646,72011,948,94624,022,962(42,051)44,576,578
    

 


    Accumulated other comprehensive incomeShare acquisition rightsTotal net assets
    Valuation difference on available-for-sale securitiesForeign currency translation adjustmentTotal accumulated other comprehensive income
    Balance at beginning of current period53,056(555,169)(502,112)1,77541,700,442
    Changes of items during period
    Dividends of surplus(481,696)
    Profit attributable to owners of parent2,850,320
    Purchase of treasury shares(326)
    Disposal of treasury shares7,500
    Net changes of items other than shareholders' equity68,122(825,323)(757,201)(1,775)(758,976)
    Total changes of items during period68,122(825,323)(757,201)(1,775)1,616,820
    Balance at end of current period121,179(1,380,493)(1,259,314)-43,317,263
    

 

Fiscal year ended March 31, 2018


    (Thousands of yen)
    Shareholders' equity
    Capital stockCapital surplusRetained earningsTreasury sharesTotal shareholders' equity
    Balance at beginning of current period8,646,72011,948,94624,022,962(42,051)44,576,578
    Changes of items during period
    Dividends of surplus(519,215)(519,215)
    Profit attributable to owners of parent5,544,4915,544,491
    Purchase of treasury shares(126,068)(126,068)
    Disposal of treasury shares47,46190,988138,450
    Net changes of items other than shareholders' equity
    Total changes of items during period-47,4615,025,275(35,079)5,037,657
    Balance at end of current period8,646,72011,996,40729,048,238(77,131)49,614,235
    

 


    Accumulated other comprehensive incomeTotal net assets
    Valuation difference on available-for-sale securitiesForeign currency translation adjustmentTotal accumulated other comprehensive income
    Balance at beginning of current period121,179(1,380,493)(1,259,314)43,317,263
    Changes of items during period
    Dividends of surplus(519,215)
    Profit attributable to owners of parent5,544,491
    Purchase of treasury shares(126,068)
    Disposal of treasury shares138,450
    Net changes of items other than shareholders' equity45,225629,410674,635674,635
    Total changes of items during period45,225629,410674,6355,712,292
    Balance at end of current period166,404(751,083)(584,678)49,029,556
    

 

Consolidated statements of cash flows


    (Thousands of yen)
    Fiscal year ended
    March 31, 2017    		Fiscal year ended
    March 31, 2018
    Cash flows from operating activities
    Profit before income taxes4,301,7568,456,634
    Loss on liquidation of business230,021100,493
    Impairment loss341,765-
    Depreciation1,822,4681,846,113
    Amortization of goodwill115,16420,740
    Gain on bargain purchase-(8,199)
    Increase (decrease) in net defined benefit liability-(35,543)
    Increase (decrease) in allowance for doubtful accounts53,447(43,130)
    Increase (decrease) in provision for environmental measures-(10,090)
    Loss (gain) on sales of investment securities(554)-
    Loss (gain) on sales and retirement of non-current assets100,223267,721
    Interest and dividend income(42,172)(38,138)
    Foreign exchange losses (gains)189,229120,094
    Decrease (increase) in notes and accounts receivable - trade(804,838)(1,214,351)
    Decrease (increase) in inventories(58,932)(609,592)
    Increase (decrease) in notes and accounts payable - trade145,566267,349
    Other, net(62,636)220,713
    Subtotal6,330,5099,340,815
    Interest and dividend income received44,07938,138
    Interest expenses paid(863)(7)
    Income taxes paid(1,024,751)(1,834,517)
    Net cash provided by (used in) operating activities5,348,9747,544,428
    Cash flows from investing activities
    Net decrease (increase) in time deposits635,350(5,216)
    Purchase of property, plant and equipment(1,969,003)(2,671,422)
    Proceeds from sales of property, plant and equipment12,40013,753
    Purchase of investment securities(3,790)(4,175)
    Proceeds from sales of investment securities1,210-
    Purchase of intangible assets(39,469)(31,443)
    Proceeds from sales of intangible assets120,000-
    Purchase of shares of subsidiaries(2,536)(24,759)
    Payments for transfer of business-(130,272)
    Other, net(1,858)1,969
    Net cash provided by (used in) investing activities(1,247,697)(2,851,565)
    Cash flows from financing activities
    Repayments of long-term loans payable(230,593)(22,800)
    Purchase of treasury shares(326)(126,068)
    Proceeds from sales of treasury shares5,725-
    Cash dividends paid(481,696)(519,215)
    Net cash provided by (used in) financing activities(706,890)(668,084)
    Effect of exchange rate change on cash and cash equivalents(100,948)(59,338)
    Net increase (decrease) in cash and cash equivalents3,293,4373,965,439
    Cash and cash equivalents at beginning of period14,540,57017,834,008
    Cash and cash equivalents at end of period17,834,00821,799,447
    

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

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