REG - Maruwa Co Ld - 3rd Quarter Results
RNS Number : 2051NMaruwa Co Ld28 January 2021
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 Nine Months Ended December 31, 2020
(Based on Japanese GAAP)
January 28, 2021
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:
Executive Officer
Tamaki Nozoki
TEL 0561-51-0839
Scheduled date to file Quarterly Securities Report:
February 10, 2021
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, 2020 (from April 1, 2020 to December 31, 2020)
(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, 2020
30,569
(0.8)
7,573
13.1
7,413
9.2
5,078
24.3
Nine months ended December 31, 2019
30,810
2.2
6,699
(3.7)
6,789
(7.2)
4,087
(15.5)
Earnings per share
Diluted earnings per share
Yen
Yen
Nine months ended December 31, 2020
411.78
-
Nine months ended December 31, 2019
331.36
-
(2) Consolidated financial position
Total assets
Net assets
Equity ratio
Millions of yen
Millions of yen
%
As of December 31, 2020
75,751
64,157
84.7
As of March 31, 2020
70,681
59,453
84.1
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, 2020
-
26.00
-
26.00
52.00
Year ending March 31, 2021
-
28.00
-
Year ending March 31, 2021 (Forecast)
36.00
64.00
3. Forecast of consolidated financial results for the year ending March 31, 2021 (from April 1, 2020 to March 31, 2021)
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
41,000
(0.6)
10,000
7.0
9,800
2.9
6,600
12.0
535.10
4. Notes
(1) Changes in significant subsidiaries during the nine months ended December 31, 2020
(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, 2020
12,372,000
shares
As of March 31, 2020
12,372,000
shares
Number of treasury shares at the end of the period
As of December 31, 2020
36,236
shares
As of March 31, 2020
40,163
shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2020
12,333,434
shares
Nine months ended December 31, 2019
12,333,911
shares
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen)
As of March 31, 2020
As of December 31, 2020
Assets
Current assets
Cash and deposits
29,334,349
32,786,636
Notes and accounts receivable - trade
9,542,199
9,254,324
Electronically recorded monetary claims - operating
1,295,434
1,324,172
Merchandise and finished goods
2,061,801
1,854,816
Work in process
2,393,622
2,338,258
Raw materials and supplies
2,756,758
2,330,629
Other
1,757,311
2,000,141
Allowance for doubtful accounts
(8,180)
(8,079)
Total current assets
49,133,297
51,880,899
Non-current assets
Property, plant and equipment
Buildings and structures
12,650,214
15,280,402
Accumulated depreciation
(6,505,584)
(6,825,182)
Buildings and structures, net
6,144,629
8,455,219
Machinery, equipment and vehicles
20,998,043
21,970,902
Accumulated depreciation
(16,567,320)
(16,559,703)
Machinery, equipment and vehicles, net
4,430,722
5,411,199
Land
4,421,234
4,530,840
Construction in progress
3,445,592
2,821,569
Other
3,499,670
3,695,478
Accumulated depreciation
(2,898,143)
(3,103,741)
Other, net
601,527
591,736
Total property, plant and equipment
19,043,706
21,810,565
Intangible assets
Goodwill
195,975
-
Other
254,672
243,965
Total intangible assets
450,648
243,965
Investments and other assets
2,053,978
1,816,293
Total non-current assets
21,548,333
23,870,824
Total assets
70,681,631
75,751,723
(Thousands of yen)
As of March 31, 2020
As of December 31, 2020
Liabilities
Current liabilities
Notes and accounts payable - trade
1,898,714
2,199,668
Electronically recorded obligations - operating
1,619,355
1,720,020
Short-term borrowings
900,000
900,000
Current portion of long-term borrowings
-
266,688
Income taxes payable
827,864
1,211,066
Provision for bonuses
608,949
387,332
Provision for bonuses for directors (and other officers)
63,000
24,750
Other
3,382,929
2,702,853
Total current liabilities
9,300,813
9,412,380
Non-current liabilities
Long-term borrowings
1,200,000
1,666,640
Deferred tax liabilities
351,419
172,421
Other
375,829
342,791
Total non-current liabilities
1,927,248
2,181,852
Total liabilities
11,228,062
11,594,232
Net assets
Shareholders' equity
Share capital
8,646,720
8,646,720
Capital surplus
11,992,492
12,005,832
Retained earnings
40,526,723
44,939,510
Treasury shares
(239,524)
(216,635)
Total shareholders' equity
60,926,411
65,375,427
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
70,521
123,816
Foreign currency translation adjustment
(1,543,364)
(1,341,753)
Total accumulated other comprehensive income
(1,472,842)
(1,217,936)
Total net assets
59,453,569
64,157,490
Total liabilities and net assets
70,681,631
75,751,723
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, 2019
Nine months ended
December 31, 2020
Net sales
30,810,745
30,569,592
Cost of sales
17,956,384
17,078,452
Gross profit
12,854,360
13,491,140
Selling, general and administrative expenses
6,155,145
5,917,416
Operating profit
6,699,214
7,573,723
Non-operating income
Interest income
40,940
37,979
Rental income
71,853
65,898
Other
29,944
48,115
Total non-operating income
142,738
151,993
Non-operating expenses
Interest expenses
-
4,459
Foreign exchange losses
2,099
248,789
Rent expenses on real estate for investments
36,714
37,061
Other
13,937
21,817
Total non-operating expenses
52,751
312,127
Ordinary profit
6,789,201
7,413,589
Extraordinary income
Gain on sales of non-current assets
1,423
2,238
Gain on sales of investment securities
-
65,414
Gain on liquidation of subsidiaries
-
11,887
Settlement received
100,000
-
Total extraordinary income
101,423
79,540
Extraordinary losses
Loss on sales and retirement of non-current assets
74,408
92,875
Loss on valuation of investment securities
27,510
-
Impairment loss
-
169,251
Loss related to infectious disease
-
68,127
Loss on liquidation of business
775,716
-
Total extraordinary losses
877,634
330,254
Profit before income taxes
6,012,990
7,162,874
Income taxes - current
2,103,322
2,038,091
Income taxes - deferred
(177,395)
46,021
Total income taxes
1,925,926
2,084,113
Profit
4,087,063
5,078,760
Profit attributable to owners of parent
4,087,063
5,078,760
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen)
Nine months ended
December 31, 2019
Nine months ended
December 31, 2020
Profit
4,087,063
5,078,760
Other comprehensive income
Valuation difference on available-for-sale securities
38,526
53,295
Foreign currency translation adjustment
(224,656)
201,611
Total other comprehensive income
(186,129)
254,906
Comprehensive income
3,900,933
5,333,667
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
3,900,933
5,333,667
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