REG - Maruwa Co Ld - 1st Quarter Results
27/07/2023 08:30
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RNS Number : 4064H Maruwa Co Ld 27 July 2023
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, 2023
(Based on Japanese GAAP)
July 27, 2023
Company name: MARUWA CO., LTD.
Stock exchange listing: Tokyo, Nagoya
Stock code: 5344 URL https://www.maruwa-g.com/
Representative: President and Representative Director Toshiro Kanbe
Inquiries: Director Yukiko Morishita TEL 0561-51-0841
Scheduled date to file Quarterly Securities Report: August 9, 2023
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, 2023
(from April 1, 2023 to June 30, 2023)
(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, 2023 12,722 (8.8) 3,530 (25.7) 4,145 (27.8) 2,846 (30.4)
Three months ended June 30, 2022 13,954 25.6 4,749 49.3 5,740 77.4 4,088 84.9
Earnings per share Diluted earnings per share
Yen Yen
Three months ended June 30, 2023 230.73 -
Three months ended June 30, 2022 331.41 -
(2) Consolidated financial position
Total assets Net assets Equity ratio
Millions of yen Millions of yen %
As of June 30, 2023 108,264 96,980 89.6
As of March 31, 2023 108,031 94,215 87.2
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, 2023 - 38.00 - 40.00 78.00
Year ending March 31, 2024 -
Year ending March 31, 2024 (Forecast) 43.00 - 43.00 86.00
3. Forecast of consolidated financial results for the year ending March 31,
2024 (from April 1, 2023 to March 31, 2024)
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 27,100 (8.7) 9,100 (14.3) - - - - -
September 30, 2023
Full year 61,500 4.6 21,000 4.3 - - - - -
4. Notes
(1) Changes in significant subsidiaries during the three months ended June 30, No
2023
(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, 2023 12,372,000 shares As of March 31, 2023 12,372,000 shares
Number of treasury shares at the end of the period
As of June 30, 2023 34,775 shares As of March 31, 2023 34,649 shares
Average number of shares during the period (cumulative from the beginning of
the fiscal year)
Three months ended June 30, 2023 12,337,328 shares Three months ended June 30, 2022 12,337,461 shares
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen)
As of March 31, 2023 As of June 30, 2023
Assets
Current assets
Cash and deposits 49,795 49,224
Notes receivable - trade 343 309
Accounts receivable - trade 10,701 10,260
Electronically recorded monetary claims - operating 1,820 1,608
Merchandise and finished goods 2,267 2,452
Work in process 2,905 3,014
Raw materials and supplies 3,767 4,259
Other 3,043 1,275
Allowance for doubtful accounts (9) (9)
Total current assets 74,634 72,395
Non-current assets
Property, plant and equipment
Buildings and structures, net 14,075 14,612
Machinery, equipment and vehicles, net 7,446 7,848
Land 4,872 4,890
Construction in progress 3,920 5,660
Other, net 731 748
Total property, plant and equipment 31,046 33,759
Intangible assets
Other 284 303
Total intangible assets 284 303
Investments and other assets 2,066 1,805
Total non-current assets 33,397 35,868
Total assets 108,031 108,264
(Millions of yen)
As of March 31, 2023 As of June 30, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade 2,975 3,114
Electronically recorded obligations - operating 1,542 1,603
Current portion of long-term borrowings 333 266
Income taxes payable 2,684 888
Provision for bonuses 914 472
Provision for bonuses for directors (and other officers) 124 3
Other 4,334 4,024
Total current liabilities 12,910 10,373
Non-current liabilities
Long-term borrowings 400 400
Deferred tax liabilities 141 145
Other 364 364
Total non-current liabilities 905 909
Total liabilities 13,816 11,283
Net assets
Shareholders' equity
Share capital 8,646 8,646
Capital surplus 12,018 12,018
Retained earnings 73,381 75,735
Treasury shares (209) (211)
Total shareholders' equity 93,838 96,188
Accumulated other comprehensive income
Valuation difference on available-for-sale securities 125 186
Foreign currency translation adjustment 251 604
Total accumulated other comprehensive income 377 791
Total net assets 94,215 96,980
Total liabilities and net assets 108,031 108,264
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, 2022 June 30, 2023
Net sales 13,954 12,722
Cost of sales 6,742 6,533
Gross profit 7,212 6,188
Selling, general and administrative expenses 2,462 2,658
Operating profit 4,749 3,530
Non-operating income
Interest income 13 33
Rental income 25 30
Foreign exchange gains 960 525
Other 14 53
Total non-operating income 1,013 642
Non-operating expenses
Interest expenses 1 0
Rent expenses on real estate for investments 12 11
Other 8 14
Total non-operating expenses 22 26
Ordinary profit 5,740 4,145
Extraordinary income
Gain on sale of non-current assets 0 -
Gain on liquidation of subsidiaries 3 -
Total extraordinary income 3 -
Extraordinary losses
Loss on sale and retirement of non-current assets 1 127
Loss on sale of investment securities - 2
Total extraordinary losses 1 129
Profit before income taxes 5,743 4,015
Income taxes - current 1,262 877
Income taxes - deferred 391 291
Total income taxes 1,654 1,169
Profit 4,088 2,846
Profit attributable to owners of parent 4,088 2,846
Consolidated statements of comprehensive income (cumulative)
(Millions of yen)
Three months ended Three months ended
June 30, 2022 June 30, 2023
Profit 4,088 2,846
Other comprehensive income
Valuation difference on available-for-sale securities (5) 61
Foreign currency translation adjustment 703 352
Total other comprehensive income 697 414
Comprehensive income 4,786 3,260
Comprehensive income attributable to
Comprehensive income attributable to owners of parent 4,786 3,260
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