REG - Maruwa Co Ld - 3rd Quarter Results
29/01/2025 08:30
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RNS Number : 1134V Maruwa Co Ld 29 January 2025
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, 2024
(Based on Japanese GAAP)
January 29, 2025
Company name: MARUWA CO., LTD.
Stock exchange listing: Tokyo, Nagoya
Stock code: 5344 URL https://www.maruwa-g.com/
Representative: President Toshiro Kanbe
Inquiries: Corporate Officer Daisuke Yamaguchi TEL 0561-51-0841
Scheduled date to commence dividend payments: -
Preparation of supplementary material on financial results: No
Holding of 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, 2024
(from April 1, 2024 to December 31, 2024)
(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, 2024 53,141 18.0 19,734 37.1 20,034 33.9 13,965 31.7
Nine months ended December 31, 2023 45,026 1.0 14,393 (10.3) 14,967 (11.9) 10,603 (11.2)
Earnings per share Diluted earnings per share
Yen Yen
Nine months ended December 31, 2024 1,131.80 -
Nine months ended December 31, 2023 859.47 -
(2) Consolidated financial position
Total assets Net assets Equity ratio
Millions of yen Millions of yen %
As of December 31, 2024 136,528 123,232 90.3
As of March 31, 2024 122,515 109,203 89.1
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, 2024 - 43.00 - 43.00 86.00
Year ending March 31, 2025 - 47.00 -
Year ending March 31, 2025 (Forecast) 47.00 94.00
3. Forecast of consolidated financial results for the year ending March 31,
2025 (from April 1, 2024 to March 31, 2025)
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 72,100 17.1 26,600 34.3 - - - - -
4. Notes
(1) Significant changes in the scope of consolidation during the nine months No
ended December 31, 2024:
(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 Yes
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, 2024 12,372,000 shares As of March 31, 2024 12,372,000 shares
Number of treasury shares at the end of the period
As of December 31, 2024 32,091 shares As of March 31, 2024 34,125 shares
Average number of shares during the period (cumulative from the beginning of
the fiscal year)
Nine months ended December 31, 2024 12,338,844 shares Nine months ended December 31, 2023 12,337,511 shares
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen)
As of March 31, 2024 As of December 31, 2024
Assets
Current assets
Cash and deposits 55,250 65,911
Notes receivable - trade 360 174
Accounts receivable - trade 13,960 15,120
Electronically recorded monetary claims - operating 1,746 1,693
Merchandise and finished goods 2,248 2,541
Work in process 2,960 3,427
Raw materials and supplies 4,575 5,437
Other 2,516 2,140
Allowance for doubtful accounts (133) (84)
Total current assets 83,485 96,362
Non-current assets
Property, plant and equipment
Buildings and structures, net 15,947 15,000
Machinery, equipment and vehicles, net 12,040 13,043
Land 5,005 5,044
Construction in progress 2,952 3,993
Other, net 786 831
Total property, plant and equipment 36,733 37,913
Intangible assets
Other 318 402
Total intangible assets 318 402
Investments and other assets 1,977 1,850
Total non-current assets 39,029 40,166
Total assets 122,515 136,528
(Millions of yen)
As of March 31, 2024 As of December 31, 2024
Liabilities
Current liabilities
Notes and accounts payable - trade 2,957 3,339
Electronically recorded obligations - operating 2,355 1,013
Current portion of long-term borrowings 400 400
Income taxes payable 2,851 3,059
Provision for bonuses 1,042 694
Provision for bonuses for directors (and other officers) 124 78
Other 3,091 4,203
Total current liabilities 12,821 12,789
Non-current liabilities
Deferred tax liabilities 127 143
Other 361 362
Total non-current liabilities 489 506
Total liabilities 13,311 13,295
Net assets
Shareholders' equity
Share capital 8,646 8,646
Capital surplus 12,031 12,103
Retained earnings 87,573 100,428
Treasury shares (210) (198)
Total shareholders' equity 108,042 120,979
Accumulated other comprehensive income
Valuation difference on available-for-sale securities 171 82
Foreign currency translation adjustment 989 2,170
Total accumulated other comprehensive income 1,161 2,252
Total net assets 109,203 123,232
Total liabilities and net assets 122,515 136,528
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, 2023 December 31, 2024
Net sales 45,026 53,141
Cost of sales 22,412 24,237
Gross profit 22,613 28,903
Selling, general and administrative expenses 8,220 9,169
Operating profit 14,393 19,734
Non-operating income
Interest income 133 187
Rental income 88 93
Foreign exchange gains 311 -
Other 93 90
Total non-operating income 627 371
Non-operating expenses
Interest expenses 1 0
Foreign exchange losses - 24
Rent expenses on real estate for investments 35 36
Other 15 9
Total non-operating expenses 52 71
Ordinary profit 14,967 20,034
Extraordinary income
Gain on sale of non-current assets - 0
Gain on sale of investment securities 39 -
Subsidy income - 2,576
Total extraordinary income 39 2,576
Extraordinary losses
Loss on sale and retirement of non-current assets 150 89
Loss on tax purpose reduction entry of non-current assets - 2,360
Other 8 -
Total extraordinary losses 159 2,450
Profit before income taxes 14,848 20,160
Income taxes - current 3,952 6,026
Income taxes - deferred 291 168
Total income taxes 4,244 6,194
Profit 10,603 13,965
Profit attributable to owners of parent 10,603 13,965
Consolidated statements of comprehensive income (cumulative)
(Millions of yen)
Nine months ended Nine months ended
December 31, 2023 December 31, 2024
Profit 10,603 13,965
Other comprehensive income
Valuation difference on available-for-sale securities 42 (89)
Foreign currency translation adjustment 281 1,180
Total other comprehensive income 323 1,091
Comprehensive income 10,927 15,056
Comprehensive income attributable to
Comprehensive income attributable to owners of parent 10,927 15,056
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