1. Consolidated business results for the three months ended May 2015 (March 1, 2015 through May 31, 2015)
(Rounded down to million yen)
(1) Consolidated results of operations (% change from the previous corresponding period)
Net sales | Operating income | Ordinary income | Net income | |
Three months ended May 2015 Three months ended May 2014 | Million yen % 70,529 6.1 66,475 -0.4 | Million yen % 3,625 2.4 3,540 4.4 | Million yen % 3,652 2.6 3,558 4.6 | Million yen % 2,078 3.1 2,015 8.4 |
(Note) Comprehensive income
Three months ended May 2015: 2,126 million yen (17.6%) Three months ended May 2014: 1,808 million yen (-16.1%)
Net income per share | Diluted net income per share | |
Three months ended May 2015 Three months ended May 2014 | Yen 39.58 38.39 | Yen 39.48 38.30 |
(2) Consolidated financial position
Total assets | Net assets | Shareholders' equity ratio | Net assets per share | |
As of May 2015 As of Feb. 2015 | Million yen 126,382 126,044 | Million yen 78,364 77,495 | % 60.3 59.8 | Yen 1,451.28 1,435.64 |
(Reference) Shareholders' equity
As of May 2015: 76,228 million yen
As of February 2015: 75,406 million yen
2. DividendsAnnual dividend | |||||
End of 1Q | End of 2Q | End of 3Q | Year-end | Total | |
Year ended Feb. 2015 | Yen - | Yen 25.00 | Yen - | Yen 25.00 | Yen 50.00 |
Year ending Feb. 2016 | - | ||||
Year ending Feb. 2016 (forecast) | 26.00 | - | 26.00 | 52.00 |
(Note) Revisions to dividend forecast for the current quarter: None
3.Forecast of consolidated business results for the fiscal year ending February 2016 (March 1, 2015 through February 29, 2016) (% change from the previous corresponding period)Net sales | Operating income | Ordinary income | Net income | Net income per share | |
For the six months ending Aug. 2015 Year ending Feb. 2016 | Million yen % 138,000 2.9 280,000 5.0 | Million yen % 8,000 3.9 17,000 7.2 | Million yen % 8,000 3.5 17,000 6.6 | Million yen % 4,500 2.7 9,400 7.7 | Yen 84.72 178.96 |
(Note) Revisions to business forecast for the current quarter: None
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*Notes
(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes in the scope of consolidation): None
(2) Application of accounting procedures specific to preparation of the consolidated quarterly financial statements: None
(3) Changes in accounting policies, accounting estimates and restatement
①Changes in accounting policies associated with revision of accounting standards:
②Changes in accounting policies other than ①
③Changes in accounting estimates
④Restatement
: Yes
: None
: None
: None
(4) Shares outstanding (common stock)
①Number of shares outstanding at the end of period (treasury stock included)
As of May 2015
As of February 2015
②Treasury stock at the end of period
As of May 2015
As of February 2015
54,169,633 shares
54,169,633 shares
1,644,581 shares
1,645,216 shares
③Average number of stock during period (quarterly cumulative period)
Three months ended May 2015
Three months ended May 2014
52,524,898 shares
52,500,245 shares
This financial summary is not subject to the quarterly review procedures pursuant to the Financial Instruments and Exchange Act. At the time of disclosure of this report, the procedures for review of consolidated financial statements pursuant to the Financial Instruments and Exchange Act have are being conducted.
*Explanation regarding appropriate use of business forecasts and other special instructions (Precautions regarding forward-looking statements)Forecasts regarding future performance in this material are based on information currently available to the company and certain assumptions that the company deems to be reasonable at the time this report was prepared. The company does not make promises about the achievements. Actual results may differ significantly from the forecasts due to various factors.
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[Quarterly Consolidated Financial Statements] [Quarterly Consolidated Balance Sheet]
Assets
Current assets
Fiscal year ended February
28, 2015 (February 28, 2015)
(Million yen)
First three months of
FY2016 (May 31, 2015)
Cash and deposits 15,580 15,027
Notes and accounts receivable-trade 36,674 39,625
Electronically recorded monetary obligations 3,381 4,182
Inventory 2,618 2,557
Deposit of subsidiaries and affiliates 41,326 37,865
Other 5,065 5,651
Allowance for doubtful accounts -168 -165
Total current assets 104,477 104,743
Fixed assets
Tangible fixed assets
Buildings and structures, net 1,009 1,013
Land 278 278
Other, net 3,073 3,121
Total tangible fixed assets 4,361 4,414
Intangible fixed assets
Goodwill 9,069 8,785
Other 1,867 2,089
Total intangible fixed assets 10,937 10,874
Investments and other assets
Investment securities 3,768 3,747
Other 3,035 3,138
Allowance for doubtful accounts -535 -535
Total investments and other assets 6,268 6,349
Total fixed assets 21,567 21,639
Total assets 126,044 126,382
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Liabilities
Current liabilities
Fiscal year ended February
28, 2015 (February 28, 2015)
(Million yen)
First three months of
FY2016 (May 31, 2015)
Notes and accounts payable-trade 24,968 27,028
Electronically recorded monetary obligations 5,934 6,483
Income taxes payable 3,795 1,499
Reserve for bonuses 936 1,941
Reserve for directors' bonuses 115 35
Other 10,889 9,216
Total current liabilities 46,640 46,203
Fixed liabilities
Reserve for directors' retirement benefits 189 187
Net defined benefit liability 1,212 1,158
Asset retirement obligation 24 30
Other 481 438
Total fixed liabilities 1,908 1,814
Total liabilities 48,549 48,017
Net assets
Shareholders' equity
Capital 3,238 3,238
Capital surplus 18,850 18,851
Retained earnings 52,388 53,179
Treasury stock -443 -443
Total shareholders' equity 74,032 74,824
Accumulated other comprehensive income
Valuation difference on available-for-sale securities 1,194 1,184
Foreign currency translation adjustment 601 621
Remeasurements of defined benefit plans -422 -402 Total accumulated other comprehensive income 1,373 1,403
Stock acquisition rights 166 235
Minority interest 1,922 1,900
Total net assets 77,495 78,364
Total liabilities and net assets 126,044 126,382
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[Quarterly Consolidated Statement of Income and Quarterly Statement of Comprehensive Income] [Quarterly Consolidated Statement of Income]
[First three months of FY2016]
(Million yen)
First three months of FY2015 (March 1, 2014 - May 31, 2015)
First three months of FY2016 (March 1, 2015 - May 31, 2015)
Net sales 66,475 70,529
Cost of sales 58,168 61,664
Gross profit 8,306 8,864
Selling, general and administrative expenses 4,766 5,239
Operating income 3,540 3,625
Non-operating revenues
Interest income 23 24
Dividend income 16 16
Other 4 13
Total non-operating revenues 44 53
Non-operating expenses
Interest expenses 1 2
Other 24 23
Total non-operating expenses 26 26
Ordinary income 3,558 3,652
Extraordinary profit
Gain on sale of investment securities 15 12
Total extraordinary profit 15 12
Income before income taxes and minority interests 3,573 3,664
Income taxes-current 1,429 1,335
Income taxes-deferred 93 206
Total income taxes 1,522 1,541
Net income before minority interests 2,051 2,123
Minority interests in income 35 44
Net income 2,015 2,078
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[Quarterly Consolidated Statement of Comprehensive Income] [First three months of FY2016]
First three months of FY2015 (March 1, 2014 - May 31, 2015)
(Million yen)
First three months of FY2016 (March 1, 2015 - May 31, 2015)
Net income before minority interests 2,051 2,123
Other comprehensive income
Valuation difference on available-for-sale securities -159 -9
Foreign currency translation adjustment -83 -7
Remeasurements of defined benefit plans - 20
Total other comprehensive income -243 2
Comprehensive income 1,808 2,126 (Breakdown)
Comprehensive income attributable to shareholders
of the parent company 1,784 2,109
Comprehensive income attributable to minority
shareholders 23 17
●Notes on quarterly consolidated financial statements
(Notes on going concern assumption)
First three months of FY2016 (March 1, 2015 - May 31, 2015) None
●(Notes if there is a significant change in the amount of shareholders' equity) First three months of FY2016 (March 1, 2015 - May 31, 2015)
None
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