REG - Maruwa Co Ld - 1st Quarter Results
27/07/2022 10:45
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RNS Number : 9237T Maruwa Co Ld 27 July 2022
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, 2022
(Based on Japanese GAAP)
July 27, 2022
Company name: MARUWA CO., LTD.
Stock exchange listing: Tokyo, Nagoya
Stock code: 5344 URL https://www.maruwa-g.com/
Representative: Chairman Sei Kanbe
Inquiries: Director Yukiko Morishita TEL 0561-51-0841
Scheduled date to file Quarterly Securities Report: August 9, 2022
Scheduled date to commence dividend payments: -
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results meeting: Yes (for institutional investors and analysts)
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2022
(from April 1, 2022 to June 30, 2022)
(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, 2022 13,954 25.6 4,749 49.3 5,740 77.4 4,088 84.9
Three months ended June 30, 2021 11,112 23.7 3,182 47.7 3,236 49.9 2,211 53.0
Earnings per share Diluted earnings per share
Yen Yen
Three months ended June 30, 2022 331.41 -
Three months ended June 30, 2021 179.24 -
(2) Consolidated financial position
Total assets Net assets Equity ratio
Millions of yen Millions of yen %
As of June 30, 2022 96,246 84,009 87.3
As of March 31, 2022 95,899 79,681 83.1
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, 2022 - 34.00 - 36.00 70.00
Year ending March 31, 2023 -
Year ending March 31, 2023 (Forecast) 38.00 - 38.00 76.00
3. Forecast of consolidated financial results for the year ending March 31,
2023 (from April 1, 2022 to March 31, 2023)
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 27,000 9.2 8,100 2.2 8,100 (0.2) 5,500 (1.2) 445.79
September 30, 2022
Full year 60,000 10.4 18,500 1.6 18,500 (3.6) 12,900 (3.4) 1,045.59
4. Notes
(1) Changes in significant subsidiaries during the three months ended June 30, Yes
2022
(changes in specified subsidiaries resulting in the change in scope of
consolidation):
(2) Application of special accounting methods for preparing quarterly No
consolidated financial statements:
(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 No
other regulations:
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, 2022 12,372,000 shares As of March 31, 2022 12,372,000 shares
Number of treasury shares at the end of the period
As of June 30, 2022 34,663 shares As of March 31, 2022 34,492 shares
Average number of shares during the period (cumulative from the beginning of
the fiscal year)
Three months ended June 30, 2022 12,337,461 shares Three months ended June 30, 2021 12,336,524 shares
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen)
As of March 31, 2022 As of June 30, 2022
Assets
Current assets
Cash and deposits 44,621 44,319
Notes receivable - trade 473 355
Accounts receivable - trade 12,876 12,567
Electronically recorded monetary claims - operating 1,810 1,727
Merchandise and finished goods 1,632 1,989
Work in process 2,648 3,129
Raw materials and supplies 3,706 3,820
Other 2,389 967
Allowance for doubtful accounts (9) (9)
Total current assets 70,149 68,866
Non-current assets
Property, plant and equipment
Buildings and structures, net 10,101 10,308
Machinery, equipment and vehicles, net 5,478 7,377
Land 4,699 4,704
Construction in progress 2,653 2,479
Other, net 590 657
Total property, plant and equipment 23,524 25,527
Intangible assets
Other 298 307
Total intangible assets 298 307
Investments and other assets 1,927 1,545
Total non-current assets 25,750 27,379
Total assets 95,899 96,246
(Millions of yen)
As of March 31, 2022 As of June 30, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade 3,444 3,049
Electronically recorded obligations - operating 2,419 2,333
Short-term borrowings 100 100
Current portion of long-term borrowings 866 866
Income taxes payable 4,731 1,279
Provision for bonuses 866 425
Provision for bonuses for directors (and other officers) 71 3
Other 2,455 2,976
Total current liabilities 14,953 11,034
Non-current liabilities
Long-term borrowings 733 666
Deferred tax liabilities 153 175
Other 377 359
Total non-current liabilities 1,264 1,201
Total liabilities 16,218 12,236
Net assets
Shareholders' equity
Share capital 8,646 8,646
Capital surplus 12,017 12,017
Retained earnings 59,274 62,906
Treasury shares (207) (208)
Total shareholders' equity 79,732 83,362
Accumulated other comprehensive income
Valuation difference on available-for-sale securities 104 98
Foreign currency translation adjustment (155) 548
Total accumulated other comprehensive income (51) 646
Total net assets 79,681 84,009
Total liabilities and net assets 95,899 96,246
Consolidated statements of income (cumulative) and consolidated statements of
comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen)
Three months ended Three months ended
June 30, 2021 June 30, 2022
Net sales 11,112 13,954
Cost of sales 5,743 6,742
Gross profit 5,368 7,212
Selling, general and administrative expenses 2,186 2,462
Operating profit 3,182 4,749
Non-operating income
Interest income 11 13
Rental income 25 25
Foreign exchange gains 26 960
Other 11 14
Total non-operating income 75 1,013
Non-operating expenses
Interest expenses 2 1
Rent expenses on real estate for investments 10 12
Other 8 8
Total non-operating expenses 21 22
Ordinary profit 3,236 5,740
Extraordinary income
Gain on sale of non-current assets 0 0
Gain on liquidation of subsidiaries - 3
Total extraordinary income 0 3
Extraordinary losses
Loss on sale and retirement of non-current assets 1 1
Total extraordinary losses 1 1
Profit before income taxes 3,234 5,743
Income taxes - current 859 1,262
Income taxes - deferred 163 391
Total income taxes 1,023 1,654
Profit 2,211 4,088
Profit attributable to owners of parent 2,211 4,088
Consolidated statements of comprehensive income (cumulative)
(Millions of yen)
Three months ended Three months ended
June 30, 2021 June 30, 2022
Profit 2,211 4,088
Other comprehensive income
Valuation difference on available-for-sale securities (8) (5)
Foreign currency translation adjustment 13 703
Total other comprehensive income 5 697
Comprehensive income 2,216 4,786
Comprehensive income attributable to
Comprehensive income attributable to owners of parent 2,216 4,786
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