REG - Maruwa Co Ld - 3rd Quarter Results
31/01/2023 07:01
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RNS Number : 3812O Maruwa Co Ld 31 January 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 Nine Months Ended December 31, 2022
(Based on Japanese GAAP)
January 31, 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: February 10, 2023
Scheduled date to commence dividend payments: -
Preparation of supplementary material on quarterly financial results: No
Holding of quarterly financial results meeting: Yes (for analysts and institutional investors)
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2022
(from April 1, 2022 to December 31, 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 %
Nine months ended December 31, 2022 44,577 11.2 16,039 20.0 16,982 22.9 11,934 25.5
Nine months ended December 31, 2021 40,070 31.1 13,361 76.4 13,819 86.4 9,511 87.3
Earnings per share Diluted earnings per share
Yen Yen
Nine months ended December 31, 2022 967.35 -
Nine months ended December 31, 2021 770.98 -
(2) Consolidated financial position
Total assets Net assets Equity ratio
Millions of yen Millions of yen %
As of December 31, 2022 102,775 91,029 88.6
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 - 38.00 -
Year ending March 31, 2023 (Forecast) 40.00 78.00
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
Full year 59,100 8.8 20,800 14.2 21,000 9.5 14,700 10.1 1,191.49
4. Notes
(1) Changes in significant subsidiaries during the nine months ended December Yes
31, 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 December 31, 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 December 31, 2022 34,599 shares As of March 31, 2022 34,492 shares
Average number of shares during the period (cumulative from the beginning of
the fiscal year)
Nine months ended December 31, 2022 12,337,418 shares Nine months ended December 31, 2021 12,337,311 shares
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen)
As of March 31, 2022 As of December 31, 2022
Assets
Current assets
Cash and deposits 44,621 48,613
Notes receivable - trade 473 359
Accounts receivable - trade 12,876 11,636
Electronically recorded monetary claims - operating 1,810 1,982
Merchandise and finished goods 1,632 2,451
Work in process 2,648 2,920
Raw materials and supplies 3,706 3,982
Other 2,389 1,755
Allowance for doubtful accounts (9) (9)
Total current assets 70,149 73,693
Non-current assets
Property, plant and equipment
Buildings and structures, net 10,101 10,157
Machinery, equipment and vehicles, net 5,478 7,447
Land 4,699 4,838
Construction in progress 2,653 4,065
Other, net 590 701
Total property, plant and equipment 23,524 27,209
Intangible assets
Other 298 291
Total intangible assets 298 291
Investments and other assets 1,927 1,581
Total non-current assets 25,750 29,082
Total assets 95,899 102,775
(Millions of yen)
As of March 31, 2022 As of December 31, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade 3,444 2,996
Electronically recorded obligations - operating 2,419 1,681
Short-term borrowings 100 100
Current portion of long-term borrowings 866 799
Income taxes payable 4,731 1,512
Provision for bonuses 866 444
Provision for bonuses for directors (and other officers) 71 64
Other 2,455 2,987
Total current liabilities 14,953 10,586
Non-current liabilities
Long-term borrowings 733 600
Deferred tax liabilities 153 196
Other 377 363
Total non-current liabilities 1,264 1,159
Total liabilities 16,218 11,746
Net assets
Shareholders' equity
Share capital 8,646 8,646
Capital surplus 12,017 12,018
Retained earnings 59,274 70,296
Treasury shares (207) (208)
Total shareholders' equity 79,732 90,753
Accumulated other comprehensive income
Valuation difference on available-for-sale securities 104 92
Foreign currency translation adjustment (155) 183
Total accumulated other comprehensive income (51) 276
Total net assets 79,681 91,029
Total liabilities and net assets 95,899 102,775
Consolidated statements of income (cumulative) and consolidated statements of
comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen)
Nine months ended Nine months ended
December 31, 2021 December 31, 2022
Net sales 40,070 44,577
Cost of sales 19,876 20,972
Gross profit 20,194 23,604
Selling, general and administrative expenses 6,833 7,565
Operating profit 13,361 16,039
Non-operating income
Interest income 45 62
Rental income 72 72
Foreign exchange gains 333 819
Other 55 38
Total non-operating income 507 993
Non-operating expenses
Interest expenses 6 4
Rent expenses on real estate for investments 33 33
Other 9 12
Total non-operating expenses 49 50
Ordinary profit 13,819 16,982
Extraordinary income
Gain on sale of non-current assets 3 0
Gain on liquidation of subsidiaries - 3
Subsidy income 89 15
Total extraordinary income 92 19
Extraordinary losses
Loss on sale and retirement of non-current assets 17 32
Loss on tax purpose reduction entry of non-current assets 75 -
Loss related to infectious disease 41 -
Total extraordinary losses 133 32
Profit before income taxes 13,778 16,969
Income taxes - current 4,180 4,621
Income taxes - deferred 85 412
Total income taxes 4,266 5,034
Profit 9,511 11,934
Profit attributable to owners of parent 9,511 11,934
Consolidated statements of comprehensive income (cumulative)
(Millions of yen)
Nine months ended Nine months ended
December 31, 2021 December 31, 2022
Profit 9,511 11,934
Other comprehensive income
Valuation difference on available-for-sale securities (0) (12)
Foreign currency translation adjustment 320 339
Total other comprehensive income 319 327
Comprehensive income 9,831 12,261
Comprehensive income attributable to
Comprehensive income attributable to owners of parent 9,831 12,261
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