REG - Maruwa Co Ld - 1st Quarter Results
RNS Number : 2015HMaruwa Co Ld30 July 2019
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 Three Months Ended June 30, 2019
(Based on Japanese GAAP)
July 30, 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:
August 9, 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 three months ended June 30, 2019 (from April 1, 2019 to June 30, 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
%
Three months ended June 30, 2019
10,382
11.3
2,233
8.9
2,203
(2.1)
1,515
0.4
Three months ended June 30, 2018
9,329
14.1
2,051
22.8
2,250
36.1
1,509
40.0
Earnings per share
Diluted earnings per share
Yen
Yen
Three months ended June 30, 2019
122.82
-
Three months ended June 30, 2018
122.11
-
(2) Consolidated financial position
Total assets
Net assets
Equity ratio
Millions of yen
Millions of yen
%
As of June 30, 2019
63,899
55,683
87.1
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
-
Year ending March 31, 2020 (Forecast)
26.00
-
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
Six months ending
September 30, 2019
18,000
(7.5)
3,450
(21.9)
3,450
(27.4)
2,350
(27.3)
190.39
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 three months ended June 30, 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 June 30, 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 June 30, 2019
39,958
shares
As of March 31, 2019
28,920
shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2019
12,337,951
shares
Three months ended June 30, 2018
12,362,225
shares
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen)
As of March 31, 2019
As of June 30, 2019
Assets
Current assets
Cash and deposits
22,627,403
24,009,846
Notes and accounts receivable - trade
10,266,096
9,218,219
Electronically recorded monetary claims - operating
1,476,219
1,428,183
Merchandise and finished goods
3,161,672
2,871,123
Work in process
2,337,293
2,461,798
Raw materials and supplies
4,277,629
4,228,231
Other
1,430,685
671,856
Allowance for doubtful accounts
(1,920)
(2,515)
Total current assets
45,575,080
44,886,743
Non-current assets
Property, plant and equipment
Buildings and structures
12,583,053
12,527,072
Accumulated depreciation
(6,512,559)
(6,562,438)
Buildings and structures, net
6,070,494
5,964,634
Machinery, equipment and vehicles
20,957,313
20,995,920
Accumulated depreciation
(16,322,648)
(16,286,892)
Machinery, equipment and vehicles, net
4,634,664
4,709,027
Land
4,003,430
3,995,988
Construction in progress
813,830
1,046,759
Other
4,615,622
4,570,456
Accumulated depreciation
(3,790,482)
(3,778,117)
Other, net
825,140
792,338
Total property, plant and equipment
16,347,560
16,508,748
Intangible assets
Goodwill
249,423
236,061
Other
283,871
284,147
Total intangible assets
533,294
520,208
Investments and other assets
2,171,586
1,983,749
Total non-current assets
19,052,442
19,012,706
Total assets
64,627,522
63,899,450
(Thousands of yen)
As of March 31, 2019
As of June 30, 2019
Liabilities
Current liabilities
Notes and accounts payable - trade
2,827,288
2,627,926
Electronically recorded obligations - operating
1,704,169
1,362,963
Income taxes payable
1,590,551
537,266
Provision for bonuses
627,985
377,209
Provision for bonuses for directors (and other officers)
63,000
3,500
Other
2,047,119
2,482,880
Total current liabilities
8,860,114
7,391,747
Non-current liabilities
Deferred tax liabilities
452,364
459,013
Other
360,543
364,771
Total non-current liabilities
812,907
823,785
Total liabilities
9,673,021
8,215,533
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
36,468,844
Treasury shares
(188,864)
(238,097)
Total shareholders' equity
55,701,864
56,869,960
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
117,622
115,835
Foreign currency translation adjustment
(864,986)
(1,301,878)
Total accumulated other comprehensive income
(747,363)
(1,186,043)
Total net assets
54,954,500
55,683,917
Total liabilities and net assets
64,627,522
63,899,450
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen)
Three months ended
June 30, 2018
Three months ended
June 30, 2019
Net sales
9,329,907
10,382,863
Cost of sales
5,315,196
6,108,659
Gross profit
4,014,710
4,274,204
Selling, general and administrative expenses
1,963,094
2,040,244
Operating profit
2,051,616
2,233,960
Non-operating income
Interest income
5,030
13,782
Rental income
19,681
24,225
Foreign exchange gains
150,284
-
Other
44,964
7,641
Total non-operating income
219,961
45,649
Non-operating expenses
Rent expenses on real estate for investments
13,679
12,773
Foreign exchange losses
-
54,410
Other
7,812
9,159
Total non-operating expenses
21,491
76,344
Ordinary profit
2,250,085
2,203,265
Extraordinary income
Gain on sales of non-current assets
473
222
Gain on sales of investment securities
3,458
-
Total extraordinary income
3,932
222
Extraordinary losses
Loss on sales and retirement of non-current assets
1,576
6,218
Total extraordinary losses
1,576
6,218
Profit before income taxes
2,252,442
2,197,269
Income taxes - current
452,742
493,666
Income taxes - deferred
290,082
188,183
Total income taxes
742,824
681,849
Profit
1,509,618
1,515,419
Profit attributable to owners of parent
1,509,618
1,515,419
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen)
Three months ended
June 30, 2018
Three months ended
June 30, 2019
Profit
1,509,618
1,515,419
Other comprehensive income
Valuation difference on available-for-sale securities
(1,460)
(1,787)
Foreign currency translation adjustment
(71,296)
(436,892)
Total other comprehensive income
(72,756)
(438,679)
Comprehensive income
1,436,861
1,076,740
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
1,436,861
1,076,740
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