REG - Maruwa Co Ld - 3rd Quarter Results
31/01/2024 08:45
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RNS Number : 5159B Maruwa Co Ld 31 January 2024
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, 2023
(Based on Japanese GAAP)
January 31, 2024
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 9, 2024
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, 2023
(from April 1, 2023 to December 31, 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 %
Nine months ended December 31, 2023 45,026 1.0 14,393 (10.3) 14,967 (11.9) 10,603 (11.2)
Nine months ended December 31, 2022 44,577 11.2 16,039 20.0 16,982 22.9 11,934 25.5
Earnings per share Diluted earnings per share
Yen Yen
Nine months ended December 31, 2023 859.47 -
Nine months ended December 31, 2022 967.35 -
(2) Consolidated financial position
Total assets Net assets Equity ratio
Millions of yen Millions of yen %
As of December 31, 2023 115,832 104,131 89.9
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 - 43.00 -
Year ending March 31, 2024 (Forecast) 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
Full year 62,130 5.7 20,350 1.0 - - - - -
4. Notes
(1) Changes in significant subsidiaries during the nine months ended December No
31, 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 December 31, 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 December 31, 2023 34,083 shares As of March 31, 2023 34,649 shares
Average number of shares during the period (cumulative from the beginning of
the fiscal year)
Nine months ended December 31, 2023 12,337,511 shares Nine months ended December 31, 2022 12,337,418 shares
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen)
As of March 31, 2023 As of December 31, 2023
Assets
Current assets
Cash and deposits 49,795 49,851
Notes receivable - trade 343 268
Accounts receivable - trade 10,701 13,663
Electronically recorded monetary claims - operating 1,820 1,936
Merchandise and finished goods 2,267 2,509
Work in process 2,905 3,086
Raw materials and supplies 3,767 4,488
Other 3,043 2,117
Allowance for doubtful accounts (9) (10)
Total current assets 74,634 77,913
Non-current assets
Property, plant and equipment
Buildings and structures, net 14,075 15,832
Machinery, equipment and vehicles, net 7,446 12,066
Land 4,872 4,991
Construction in progress 3,920 2,159
Other, net 731 845
Total property, plant and equipment 31,046 35,895
Intangible assets
Other 284 324
Total intangible assets 284 324
Investments and other assets 2,066 1,698
Total non-current assets 33,397 37,918
Total assets 108,031 115,832
(Millions of yen)
As of March 31, 2023 As of December 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade 2,975 3,267
Electronically recorded obligations - operating 1,542 2,303
Current portion of long-term borrowings 333 200
Income taxes payable 2,684 1,126
Provision for bonuses 914 535
Provision for bonuses for directors (and other officers) 124 62
Other 4,334 3,311
Total current liabilities 12,910 10,807
Non-current liabilities
Long-term borrowings 400 400
Deferred tax liabilities 141 130
Other 364 361
Total non-current liabilities 905 892
Total liabilities 13,816 11,700
Net assets
Shareholders' equity
Share capital 8,646 8,646
Capital surplus 12,018 12,031
Retained earnings 73,381 82,961
Treasury shares (209) (208)
Total shareholders' equity 93,838 103,431
Accumulated other comprehensive income
Valuation difference on available-for-sale securities 125 167
Foreign currency translation adjustment 251 533
Total accumulated other comprehensive income 377 700
Total net assets 94,215 104,131
Total liabilities and net assets 108,031 115,832
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, 2022 December 31, 2023
Net sales 44,577 45,026
Cost of sales 20,972 22,412
Gross profit 23,604 22,613
Selling, general and administrative expenses 7,565 8,220
Operating profit 16,039 14,393
Non-operating income
Interest income 62 133
Rental income 72 88
Foreign exchange gains 819 311
Other 38 93
Total non-operating income 993 627
Non-operating expenses
Interest expenses 4 1
Rent expenses on real estate for investments 33 35
Other 12 15
Total non-operating expenses 50 52
Ordinary profit 16,982 14,967
Extraordinary income
Gain on sale of non-current assets 0 -
Gain on sale of investment securities - 39
Gain on liquidation of subsidiaries 3 -
Subsidy income 15 -
Total extraordinary income 19 39
Extraordinary losses
Loss on sale and retirement of non-current assets 32 150
Other - 8
Total extraordinary losses 32 159
Profit before income taxes 16,969 14,848
Income taxes - current 4,621 3,952
Income taxes - deferred 412 291
Total income taxes 5,034 4,244
Profit 11,934 10,603
Profit attributable to owners of parent 11,934 10,603
Consolidated statements of comprehensive income (cumulative)
(Millions of yen)
Nine months ended Nine months ended
December 31, 2022 December 31, 2023
Profit 11,934 10,603
Other comprehensive income
Valuation difference on available-for-sale securities (12) 42
Foreign currency translation adjustment 339 281
Total other comprehensive income 327 323
Comprehensive income 12,261 10,927
Comprehensive income attributable to
Comprehensive income attributable to owners of parent 12,261 10,927
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