Financial Results for the Fiscal Year ended March 31, 2016(PDF:466KB)

01c5f024-31c8-446d-9c95-463c22b4c310.pdf

Financial Results for the Fiscal Year ended March 31, 2016

(Con solidate d fin an c ial re su lts h ave be e n pre pare d in ac c ordan c e with ac c ou n tin g prin c iple s ge n e rally ac c e pte d in Japan )

Compan y n ame :

HANWA Co.,Ltd.

May 1 3 , 2 0 1 6

Li ste d stoc k e xc h an ge : Tokyo

Stoc k e xc h an ge c ode :

8 0 7 8

(URL h ttp:/ / www.h an wa.c o.jp)

Re pre se n tati ve :

En qu i ri e s:

Hi ron ari Fu ru kawa Pre si de n t

Yoi c h i Nakagawa Di re c tor, Man agi n g Exe c u ti ve Offi c e r

TEL 8 1 - 3 - 3 5 4 4 - 2 0 0 0

Th e date of Sh are h ol de rs' Me e ti n g: Ju n e 2 9 , 2 0 1 6 Th e date of payou t of di vi de n d: Ju n e 3 0 , 2 0 1 6

Th e date of i ssu e of au di te d fi n an c i al state me n ts: Ju n e 3 0 , 2 0 1 6

(Rou n de d down to million s of ye n )

１．Consolidated financial results for the fiscal year ended March 31, 2016

(1)　Consolidated operating results （ ％ of c h an ge from pre viou s ye ar）

	Ne t sal e s	Ope rati n g i n c ome	Ordi n ary i n c ome	Ne t i n c ome attri bu tabl e to own e rs of th e pare n t
Year ended March 31, 2016 Year ended March 31, 2015	(Million s of ye n ) (％) 1 ,5 1 1 ,8 0 0 (1 3 .0 ) 1 ,7 3 7 ,3 9 7 3 .3	(Million s of ye n ) (％) 1 8 ,1 7 8 (4 .9 ) 1 9 ,1 0 7 1 7 .6	(Million s of ye n ) (％) 1 5 ,4 2 4 8 .1 1 4 ,2 6 4 (3 .0 )	(Million s of ye n ) (％) 2 5 ,4 6 9 1 8 0 .3 9 ,0 8 6 1 5 .1

Note : Compre h e n si ve i n c ome Ye ar e n de d Marc h 3 1 , 2 0 1 6

1 6 ,7 7 8 mi l l i on ye n

- 1 3 .7 %

Ye ar e n de d Marc h 3 1 , 2 0 1 5

1 9 ,4 5 0 mi l l i on ye n

3 2 .8 %

	Ne t i n c ome pe r sh are	Ne t i n c ome pe r sh are (di l u te d)	R atio of net income to sh are h olde rs' e qu ity		Ratio of ordin ary income to total assets		Rati o of ope rati n g in c ome to n e t sale s
Year ended March 31, 2016 Year ended March 31, 2015	(ye n ) 1 2 2 .9 2 4 3 .8 5	(ye n ) － －	1 7 .2 6 .9	(％)	2 .5 2 .3	(％)	1 .2 1 .1	(％)

Note : Equ i ty i n e arn i n gs of u n c on sol i date d su bsi di ari e s an d affi l i ate s Ye ar e n de d Marc h 3 1 , 2 0 1 6

(1 ,3 0 4 ) mi l l i on ye n

Ye ar e n de d Marc h 3 1 , 2 0 1 5

2 0 7

mi l l i on ye n

(2)　Consolidated financial position

	Total asse ts	Ne t asse ts	Sh are h ol de rs' e qu i ty rati o	Sh are h ol de rs' e qu i ty pe r sh are
Marc h 3 1 , 2 0 1 6 Marc h 3 1 , 2 0 1 5	(Million s of ye n ) 5 9 9 ,6 9 4 6 5 1 ,4 5 6	(Million s of ye n ) 1 5 6 ,1 3 9 1 4 2 ,7 4 9	(％) 2 5 .8 2 1 .7	(ye n ) 7 4 7 .4 0 6 8 2 .4 6

Note : Sh are h ol de rs' e qu i ty A s of Marc h 3 1 , 2 0 1 6

1 5 4 ,8 6 6 mi l l i on ye n

A s of Marc h 3 1 , 2 0 1 5

1 4 1 ,4 1 5 mi l l i on ye n

(3)　Consolidated cash flows situation

	Cash fl ows from Ope rati n g ac ti vi ti e s	Cash fl ows from In ve sti n g ac ti vi ti e s	Cash fl ows from Fi n an c i n g ac ti vi ti e s	Cash an d c ash e qu ivale n ts at e n d of ye ar
Year ended March 31, 2016 Year ended March 31, 2015	(Million s of ye n ) 5 3 ,0 9 8 1 ,7 9 0	(Million s of ye n ) (1 0 ,4 4 6 ) (1 3 ,6 9 2 )	(Million s of ye n ) (4 1 ,7 5 1 ) 1 9 ,3 3 9	(Million s of ye n ) 2 5 ,8 0 4 2 4 ,5 1 5

２．Cash dividends

	Cash di vi de n ds pe r sh are					Total amou n t of divide n d （ An n u al）	Divide n d payou t ratio （C onsolidated）	Divide n d on sh are h olde rs' e qu ity （C onsolidated）
（ e ffe c ti ve date ）	Fi rst qu arte r	Se c on d qu arte r	Th i rd qu arte r	Ye ar- e n d	A n n u al
Year ended March 31, 2015 Year ended March 31, 2016	(ye n ) ― ―	(ye n ) 7 .5 0 8 .0 0	(ye n ) ― ―	(ye n ) 7 .5 0 1 0 .0 0	(ye n ) 1 5 .0 0 1 8 .0 0	(Million s of ye n ) 3 ,1 0 8 3 ,7 2 9	(％) 3 4 .2 1 4 .6	(％) 2 .4 2 .5
Ye ar e n din g Marc h 3 1 , 2 0 1 7 （ e stimate d）	―	9 .0 0	―	9 .0 0	1 8 .0 0		2 8 .7

３．Forecast of consolidated financial results for fiscal year ending March 31, 2017

（ ％ of c h an ge from pre viou s ye ar）

	Ne t sal e s	Ope rati n g i n c ome	Ordi n ary i n c ome	Ne t in c ome attribu table to own e rs of th e pare n t	Ne t i n c ome pe r sh are
A n n u al	(Million s of ye n ) (％) 1 ,6 0 0 ,0 0 0 5 .8	(Million s of ye n ) (％) 2 1 ,0 0 0 1 5 .5	(Million s of ye n ) (％) 1 9 ,0 0 0 2 3 .2	(Million s of ye n ) (％) 1 3 ,0 0 0 (4 9 .0 )	(ye n ) 6 2 .7 4

*

Th e above fore c asts re fl e c t assu mpti on s an d prospe c ts base d on th e i n formati on c u rre n tl y avai l abl e .Th e y are su bje c t

to a n u mbe r of ri sks an d u n c e rtai n ti e s th at c ou l d c au se ac tu al re su l ts to di ffe r mate ri al l y from th i s i n formati on .

Financial Results for the Fiscal Year ended March 31, 2016

Financial Results for the Fiscal Year ended March 31, 2016

《 Con solidate d Balan c e Sh e e ts》

《 Con solidate d Balan c e Sh e e ts》

(Rounded down to millions of yen)

Millions of yen

March 31, 2015

March 31, 2016 Increase(Decrease)

March 31, 2016

Assets

Assets

Current assets;

Current assets;

Cash and deposits

24,542

27,115 2,573

27,115

Trade notes and accounts receivable

321,642

276,293 (45,349)

276,293

Securities

2,610

―　 (2,610)

―　

Inventories

133,055

106,050 (27,005)

106,050

Deferred tax asset

1,116

2,085 969

2,085

Others

28,326

39,996 11,670

39,996

Allowance for doubtful receivables

(915) (287) 628

(287)

Total current assets

510,377

451,253 (59,124)

451,253

Fixed assets;

Fixed assets;

Property and equipment;

Property and equipment;

Buildings and structures 18,230

20,319 2,089

20,319

Machinery,equipment & delivery equipment 6,240

6,585 345

6,585

Land 31,676

30,144 (1,532)

30,144

Others 4,799

4,513 (286)

4,513

Total property and equipment 60,946

61,563 617

61,563

Intangible assets 2,019

Intangible assets

1,955 (64)

1,955

Investments and other assets;

Investments and other assets;

Investment securities 58,293

58,671 378

58,671

Long-term loans receivable 3,003

12,383 9,380

12,383

Retirement benefits assets 1,011

―　 (1,011)

―　

Deferred tax asset 106

244 138

244

Others 15,993

14,107 (1,886)

14,107

Allowance for doubtful receivables (295)

(485) (190)

(485)

Total investments and other assets 78,112

84,921 6,809

84,921

Total fixed assets 141,078

148,440 7,362

148,440

Total assets 651,456

Total assets

599,694 (51,762)

599,694

Liabilities;

Liabilities;

Current liabilities;

Current liabilities;

Trade notes and accounts payable 180,155

149,857 (30,298)

149,857

Short-term loans payable 82,155

66,734 (15,421)

66,734

Commercial paper 27,000

―　 (27,000)

―　

Current portion of bonds payable 10,000

10,039 39

10,039

Income taxes payable 1,231

326 (905)

326

Advance received 22,620

31,054 8,434

31,054

Accrued bonuses 2,051

2,192 141

2,192

Provision for loss on business of subsidiaries and affiliates

―　 512 512

―　 512

Others 16,982

8,688 (8,294)

8,688

Total current liabilities 342,196

269,405 (72,791)

269,405

Long-term liabilities;

Long-term liabilities;

Bonds payable 30,000

30,097 97

30,097

Long-term loans payable 122,352

129,420 7,068

129,420

Deferred tax liabilities 6,218

3,359 (2,859)

3,359

Deferred tax liabilities by land revaluation 1,921

1,634 (287)

1,634

Retirement benefits liabilities 412

4,075 3,663

4,075

Others 5,604

5,561 (43)

5,561

Total long-term liabilities 166,510

174,149 7,639

174,149

Total liabilities 508,706

Total liabilities

443,555 (65,151)

443,555

Net assets;

Net assets;

Shareholders' equity;

Shareholders' equity;

Common stock 45,651

45,651 ―　

45,651

Capital surplus 4

4 ―　

4

Retained earnings 82,110

104,600 22,490

104,600

Treasury stock (1,445)

(1,449) (4)

(1,449)

Total shareholders' equity 126,320

148,807 22,487

148,807

Accumulated other comprehensive income

Accumulated other comprehensive income

Net unrealized holding gains on securities 11,621

8,024 (3,597)

8,024

Deferred hedge profit and loss 1,526

(376) (1,902)

(376)

Land revaluation difference 3,250

2,966 (284)

2,966

Foreign currency translation adjustments 2,356

1,842 (514)

1,842

Remeasurements of defined benefit plans (3,660)

(6,397) (2,737)

(6,397)

Total accumulated other comprehensive income 15,094

6,059 (9,035)

6,059

Minority interests 1,334

Minority interests

1,272 (62)

1,272

Total net assets 142,749

Total net assets

156,139 13,390

156,139

Total liabilities and net assets 651,456

Total liabilities and net assets

599,694 (51,762)

599,694

Financial Results for the Fiscal Year ended March 31, 2016

Financial Results for the Fiscal Year ended March 31, 2016

《《《《CCCCoooonnnnssssoooolllliiiiddddaaaatttteeeedddd SSSSttttaaaatttteeeemmmmeeeennnnttttssss ooooffff IIIInnnnccccoooommmmeeee aaaannnndddd CCCCoooommmmpppprrrreeeehhhheeeennnnssssiiiivvvveeee IIIInnnnccccoooommmmeeee》》》》

(Rounded down to millions of yen)

Millions of yen

Year ended

Year ended

Increase

Year ended

March 31, 2015

March 31, 2016

(Decrease)

March 31, 2016

Net sales 1,737,397

1,511,800 (225,597)

Net sales

1,511,800

Cost of sales 1,681,667

1,455,240 (226,427)

1,455,240

Gross profit 55,729

56,559 830

Gross profit

56,559

Selling, general and administrative expenses

36,622

38,381 1,759

38,381

Operating income 19,107

18,178 (929)

Operating income

18,178

Other income;

Other income;

Interest income 864

1,038 174

1,038

Dividend income 531

1,041 510

1,041

Revenue from investment in affiliates 207

― (207)

―

Reversal of allowance for doubtful account ―

591 591

591

Others 794

1,102 308

1,102

Total other income 2,398

3,773 1,375

Other expenses;

3,773

Other expenses;

Interest expenses 2,868

2,684 (184)

2,684

Loss on investment in affiliates ―

1,304 1,304

1,304

Foreign exchange loss 2,882

1,039 (1,843)

1,039

Guarantee commission 680

713 33

713

Others 810

785 (25)

785

Total other expenses 7,241

6,526 (715)

6,526

Ordinary income 14,264

15,424 1,160

Ordinary income

15,424

Extraordinary income;

Extraordinary income;

Gain on sales of long-lived assets 128

13,074 12,946

13,074

Amortization of consolidation negative goodwill ―

1,101 1,101

1,101

Gain on sales of investment securities ―

742 742

742

Total extraordinary income 128

14,918 14,790

Extraordinary loss;

14,918

Extraordinary loss;

Loss on sale of property and equipment ―

261 261

261

Loss on disposal of property and equipment 213

― (213)

―

Loss on devaluation of investments securities 477

2,384 1,907

2,384

Loss on devaluation of investment in capital 227

888 661

888

Business loss of affiliates 456

― (456)

―

Loss on revision of retirement benefit plan ―

64 64

64

Total extraordinary loss 1,374

3,599 2,225

3,599

Income before income taxes 13,018

26,743 13,725

Income before income taxes

26,743

Income, inhabitant & business tax - current 3,809

1,120 (2,689)

1,120

Income tax expense-deferred 67

144 77

144

Total income taxes 3,876

1,264 (2,612)

1,264

Net income 9,141

25,479 16,338

Net income

25,479

Net income attributable to

Net income attributable to owners of the parent 9,086

25,469 16,383

25,469

Net income(loss) attributable to minority interests 55

9 (46)

9

Other Comprehensive Income

Other Comprehensive Income

Net unrealized holding gains on securities 4,137

(3,597) (7,734)

(3,597)

Deferred hedge profit and loss 1,887

(1,902) (3,789)

(1,902)

Land revaluation difference 184

102 (82)

102

Foreign currency translation adjustments 2,175

(675) (2,850)

(675)

Remeasurements of defined benefit plans 1,924

(2,737) (4,661)

(2,737)

Share of other comprehensive income of associates

―

109 109

109

accounted for using equity method

Total other comprehensive Income 10,308

(8,700) (19,008)

(8,700)

Comprehensive Income 19,450

16,778 (2,672)

Comprehensive Income

16,778

Comprehensive income attributable to

Comprehensive income attributable to owners of the parent 19,271

16,821 (2,450)

16,821

Comprehensive income attributable to minority interests 178

(42) (220)

(42)

Financial Results for the Fiscal Year ended March 31, 2016

Financial Results for the Fiscal Year ended March 31, 2016

《Consolidated Statements of Changes in Net Assets》

《Consolidated Statements of Changes in Net Assets》

(Rounded down to millions of yen)

Millions of yen

Shareholders' equity	Accumulated other comprehensive income	Minority interests	Total net assets
Total Commo Retaine Capital sharehol Treasury n d stock surplus ders' stock earnings equity	Net Total Deferred Foreign Remeasure unrealized Land valuation hedge currency ments of and holding revaluation translation defined profit and translation gains on difference adjustments benefit plans loss adjustments securities
Balance at March 31, 2014 Balance at March 31, 2014	45,651 4 76,520 (1,442) 120,733	7,484 (360) 32 304 (5,584) 1,875	2,752	125,361
Cumulative effects of changes in accounting policies	1,924 1,924	1,924
Restated balance Restated balance	45,651 4 78,444 (1,442) 122,657	7,484 (360) 32 304 (5,584) 1,875	2,752	127,285
Increase (decrease) during the term: Cash dividends paid Change of scope of consolidated subsidiaries Reversal of land revaluation difference Net income attributable to owners of the parent Purchase of treasury stocks Net increase (decrease) during the term, except for items under shareholders' equity Total increase (decrease) Total increase (decrease)	(2,797) (2,797) 411 411 (3,033) (3,033) 9,086 9,086 (3) (3) － － 3,666 (3) 3,662	4,137 1,887 3,218 2,052 1,924 13,219 4,137 1,887 3,218 2,052 1,924 13,219	(1,417) (1,417)	(2,797) 411 (3,033) 9,086 (3) 11,801 15,464
Balance at March 31, 2015 Balance at March 31, 2015	45,651 4 82,110 (1,445) 126,320	11,621 1,526 3,250 2,356 (3,660) 15,094	1,334	142,749

Millions of yen

Shareholders' equity	Accumulated other comprehensive income	Minority interests	Total net assets
Total Commo Retaine Capital sharehol Treasury n d stock surplus ders' stock earnings equity	Net Total Deferred Foreign Remeasure unrealized Land valuation hedge currency ments of and holding revaluation translation defined profit and translation gains on difference adjustments benefit plans loss adjustments securities
Balance at March 31, 2015 Balance at March 31, 2015	45,651 4 82,110 (1,445) 126,320	11,621 1,526 3,250 2,356 (3,660) 15,094	1,334	142,749
Cumulative effects of changes in accounting policies	－ －	－
Restated balance Restated balance	45,651 4 82,110 (1,445) 126,320	11,621 1,526 3,250 2,356 (3,660) 15,094	1,334	142,749
Increase (decrease) during the term: Cash dividends paid Change of scope of consolidated subsidiaries Change of scope of equity metho Reversal of land revaluation difference Net income attributable to owners of the parent Purchase of treasury stocks Net increase (decrease) during the term, except for items under shareholders' equity Total increase (decrease) Total increase (decrease)	(3,211) (3,211) 277 277 (432) (432) 386 386 25,469 25,469 (3) (3) － － 22,490 (3) 22,486	(3,596) (1,902) (284) (513) (2,737) (9,035) (3,596) (1,902) (284) (513) (2,737) (9,035)	(62) (62)	(3,211) 277 (432) 386 25,469 (3) (9,097) 13,389
Balance at March 31, 2016 Balance at March 31, 2016	45,651 4 104,600 (1,449) 148,807	8,024 (376) 2,966 1,842 (6,397) 6,059	1,272	156,139