Hanwa Co., Ltd.

8078

JP3777800008

Iron & Steel

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-16 am EDT			5-day change	1st Jan Change
5,770 ^JPY	-3.03%		-2.70%	+15.52%

Feb. 26	Hanwa Co., Ltd. agreed to acquire unknown stake in Shinx Co., Ltd. from Buyout Fund No.1, managed by Mercuria Investment Co., Ltd.	CI
Feb. 14	HG Metal Manufacturing Unit Exits Myanmar JV for SG$2.4 Million	MT

Financial Results for the Fiscal Year ended March 31, 2017 (PDF:181KB)

May 30, 2017 at 01:13 am EDT

Financial Results for the Fiscal Year ended March 31, 2017

(Consolidated financial results have been prepared in accordance with accounting principles generally accepted in Japan)

May 12, 2017

Company name:

HANWA Co.,Ltd.

Listed stock exchange: Tokyo

Stock exchange code:

Representative:

8078

Hironari Furukawa President

(URL http://www.hanwa.co.jp)

Enquiries:

Yoichi Nakagawa Director, Senior Managing Executive Officer

TEL 81 - 3 - 3544 - 2000

The date of Shareholders' Meeting: June 29, 2017 The date of payout of dividend: June 30, 2017 The date of issue of audited financial statements: June 30, 2017

１．Consolidated financial results for the fiscal year ended March 31, 2017

(Rounded down to millions of yen)

Consolidated operating results （％ of change from previous year）

Net sales		Operating income		Ordinary income		Net income attributable to owners of the parent
Year ended March 31, 2017	(Millions of yen)	(％)	(Millions of yen)	(％)	(Millions of yen)	(％)	(Millions of yen)	(％)
Year ended March 31, 2017	1,514,037	0.1	23,426	28.9	22,907	48.5	16,363	(35.8)
Year ended March 31, 2016	1,511,800	(13.0)	18,178	(4.9)	15,424	8.1	25,469	180.3

Note: Comprehensive income Year ended March 31, 2017

Year ended March 31, 2016

20,991 million yen

16,778 million yen

25.1%

-13.7%

Net income

per share

Net income

per share(diluted)

Ratio of net income to

shareholders' equity

Ratio of ordinary

income to total assets

Ratio of operating

income to net sales

Year ended March 31, 2017

Year ended March 31, 2016

(yen)

80.18

122.92

(yen)

－

10.1

17.2

(％)

3.5

2.5

(％)

1.5

1.2

(％)

Note: Equity in earnings of unconsolidated subsidiaries and affiliates Year ended March 31, 2017

Year ended March 31, 2016

(88) million yen

(1,304) million yen

Consolidated financial position

Total assets

Net assets

Shareholders' equity ratio

Shareholders' equity per share

March March

31,

2017

2016

(Millions of yen)

694,232

599,694

(Millions of yen)

171,637

156,139

24.5

25.8

(％)

(yen)

838.70

747.40

Note: Shareholders' equity As of March 31, 2017

As of March 31, 2016

170,422 million yen

154,866 million yen

Consolidated cash flows situation

Cash flows from Operating activities

Cash flows from Investing activities

Cash flows from Financing activities

Cash and cash equivalents at end of year

Year ended March 31, 2017

Year ended March 31, 2016

(Millions of yen)

3,959

53,098

(Millions of yen)

(18,427)

(10,446)

(Millions of yen)

15,447

(41,751)

(Millions of yen)

27,206

25,804

２．Cash dividends

	Cash dividends per share					Total amount of dividend （Annual）	Dividend payout ratio （Consolidated）	Dividend on shareholders' equity （Consolidated）
（effective date）	First quarter	Second quarter	Third quarter	Year-end	Annual	Total amount of dividend （Annual）	Dividend payout ratio （Consolidated）	Dividend on shareholders' equity （Consolidated）
Year ended March 31, 2016 Year ended March 31, 2017	(yen) ― ―	(yen) 8.00 9.00	(yen) ― ―	(yen) 10.00 10.00	(yen) 18.00 19.00	(Millions of yen) 3,729 3,860	(％) 14.6 23.7	(％) 2.5 2.4
Year ending March 31, 2018 （estimated）	―	10.00	―	10.00	20.00	25.5

Net sales

Operating income

Ordinary income

Net income attributable

to owners of the parent

Net income per share

Annual

(Millions of yen) (％)

1,700,000 12.3

(Millions of yen) (％)

25,500 8.9

(Millions of yen) (％)

24,000 4.8

(Millions of yen) (％)

16,000 (2.2)

(yen)

78.40

３．Forecast of consolidated financial results for fiscal year ending March 31, 2018 （％ of change from previousyear）

* The above forecasts reflect assumptions and prospects based on the information currently available.They are subject to a number of risks and uncertainties that could cause actual results to differ materially from this information.

－１－

HANWA co.,ltd.

Financial Results for the Fiscal Year ended March 31, 2017
《Consolidated Balance Sheets》	(Rounded down to millions of yen)
Millions of yen
March 31, 2016	March 31, 2017
Assets
Current assets;
Cash and deposits	27,115		28,465
Trade notes and accounts receivable	260,151		307,853
Electronically recorded monetary claims	16,141		30,742
Securities	―	486
Inventories	106,050		111,039
Deferred tax asset	2,085		1,919
Others	39,996		57,599
Allowance for doubtful receivables	(287)	(334)
Total current assets	451,253		537,773
Fixed assets;
Property and equipment;
Buildings and structures	20,319		18,596
Land	30,144		29,640
Others	11,098		11,255
Total property and equipment	61,563		59,492
Intangible assets	1,955		2,034
Investments and other assets;
Investment securities	58,671		72,524
Long-term loans receivable	12,383		10,842
Deferred tax asset	244	283
Others	14,107		11,787
Allowance for doubtful receivables	(485)	(504)
Total investments and other assets	84,921		94,932
Total fixed assets	148,440		156,458
Total assets	599,694		694,232
Liabilities;
Current liabilities;
Trade notes and accounts payable	149,857		191,989
Short-term loans payable	66,734		107,262
Commercial paper	―	5,000
Current portion of bonds payable	10,039		21
Income taxes payable	326	6,752
Accrued bonuses	2,192		2,306
Provision for product warranties	―	146
Provision for loss on business of subsidiaries and affiliates	512	512
Others	39,742		45,068
Total current liabilities	269,405		359,058
Long-term liabilities;
Bonds payable	30,097		40,076
Long-term loans payable	129,420		106,232
Deferred tax liabilities	3,359		5,366
Deferred tax liabilities by land revaluation	1,634		1,634
Retirement benefits liabilities	4,075		4,518
Others	5,561		5,709
Total long-term liabilities	174,149		163,536
Total liabilities	443,555		522,595
Net assets;
Shareholders' equity;
Common stock	45,651		45,651
Capital surplus	4	―
Retained earnings	104,600		117,778
Treasury stock	(1,449)		(3,720)
Total shareholders' equity	148,807		159,709
Accumulated other comprehensive income
Net unrealized holding gains on securities	8,024		12,580
Deferred hedge profit and loss	(376)	142
Land revaluation difference	2,966		2,966
Foreign currency translation adjustments	1,842		1,062
Remeasurements of defined benefit plans	(6,397)		(6,037)
Total accumulated other comprehensive income	6,059		10,713
Minority interests	1,272		1,214
Total net assets	156,139		171,637
Total liabilities and net assets	599,694		694,232

－２－

HANWA co.,ltd.

Financial Results for the Fiscal Year ended March 31, 2017
《Consolidated Statements of Income and Comprehensive Income》
(Rounded down to millions of yen)
Millions of yen
Year ended March 31, 2016	Year ended March 31, 2017
Net sales	1,511,800	1,514,037
Cost of sales	1,455,240	1,449,522
Gross profit	56,559	64,514
Selling, general and administrative expenses	38,381	41,088
Operating income	18,178	23,426
Other income;
Interest income	1,038	1,238
Dividend income	1,041	1,446
Others	1,693	1,207
Total other income	3,773	3,891
Other expenses;
Interest expenses	2,684	2,553
Loss on investment in affiliates	1,304	88
Foreign exchange loss	1,039	284
Guarantee commission	713	734
Others	785	750
Total other expenses	6,526	4,411
Ordinary income	15,424	22,907
Extraordinary income;
Gain on sales of long-lived assets	13,074	876
Amortization of consolidation negative goodwill	1,101	―
Gain on sales of investment securities	742	674
Total extraordinary income	14,918	1,551
Extraordinary loss;
Loss on sale of property and equipment	261	227
Loss on devaluation of investments securities	2,384	814
Loss on devaluation of investment in capital	888	―
Business loss of affiliates	―	253
Loss on revision of retirement benefit plan	64	―
Total extraordinary loss	3,599	1,295
Income before income taxes	26,743	23,163
Income, inhabitant & business tax - current	1,120	7,354
Income tax expense-deferred	144	(625)
Total income taxes	1,264	6,728
Net income	25,479	16,434
Net income attributable to
Net income attributable to owners of the parent	25,469	16,363
Net income(loss) attributable to minority interests	9	71
Other Comprehensive Income
Net unrealized holding gains on securities	(3,597)	4,555
Deferred hedge profit and loss	(1,902)	518
Land revaluation difference	102	―
Foreign currency translation adjustments	(675)	(723)
Remeasurements of defined benefit plans	(2,737)	360
Share of other comprehensive income of associates accounted for using equity method	109	(154)
Total other comprehensive Income	(8,700)	4,557
Comprehensive Income	16,778	20,991
Comprehensive income attributable to
Comprehensive income attributable to owners of the parent	16,821	21,017
Comprehensive income attributable to minority interests	(42)	(26)

－３－

HANWA co.,ltd.

Financial Results for the Fiscal Year ended March 31, 2017

《Consolidated Statements of Changes in Net Assets》 (Rounded down to millions of yen)

Millions of yen

Shareholders' e			quity		Accumulated other comprehensive income						Minority interests	Total net assets
Common stock	Capital Retained surplus earnings		Treasury stock	Total sharehol ders' equity	Net unrealized holding gains on securities	Deferred hedge Landprofit andrevaluation lossdifference		Foreign Remeasurem currency ents of translation defined adjustments benefit plans		Total valuation and translation adjustments	Minority interests	Total net assets
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
Increase (decrease) during the term:	(3,211)	(3,211)		(3,596)	(1,902)	(284)	(513)	(2,737)	(9,035)	(62)	(3,211)
Cash dividends paid	(3,211)	(3,211)									(3,211)
Change of scope of consolidated subsidiaries	277	277									277
Change of scope of equity method	(432)	(432)									(432)
Reversal of land revaluation difference	386	386									386
Net income attributable to owners of the parent	25,469	25,469									25,469
Purchase of treasury stocks	(3)	(3)	(3)
Capital increase from purchase of stock of consolidated subsidiaries	－	－	－								－
Capital increase from sales of stock of consolidated subsidiaries	－	－									－
Others	－	－									－
Net increase (decrease) during
the term, except for items under	(9,097)
shareholders' equity
Total increase (decrease)	－	－	22,490	(3)	22,486	(3,596)	(1,902)	(284)	(513)	(2,737)	(9,035)	(62)	13,389
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

Millions of yen

Shareholders' equity			Accumulated other comprehensive income						Minority interests	Total net assets
Common stock	Capital Retained surplus earnings	Total Treasury sharehol stock ders' equity	Net unrealized holding gains on securities	Deferred hedge Landprofit andrevaluation lossdifference		Foreign Remeasurem currency ents of translation defined adjustments benefit plans		Total valuation and translation adjustments	Minority interests	Total net assets
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
Increase (decrease) during the term:	(3,900)	(3,900)	4,555	518	－	(780)	360	4,654	(58)	(3,900)
Cash dividends paid	(3,900)	(3,900)								(3,900)
Change of scope of consolidated subsidiaries	219	219								219
Change of scope of equity method	700	700								700
Reversal of land revaluation difference	－	－								－
Net income attributable to owners of the parent	16,363	16,363								16,363
Purchase of treasury stocks	(2,270) (2,270)	(2,270)
Capital increase from purchase of stock of consolidated subsidiaries	(4) (200)	(205)								(205)
Capital increase from sales of stock of consolidated subsidiaries	(0)	(0)								(0)
Others	(4)	(4)								(4)
Net increase (decrease) during
the term, except for items under	4,596
shareholders' equity
Total increase (decrease)	－	(4) 13,177	(2,270) 10,902	4,555	518	－	(780)	360	4,654	(58)	15,498
Balance at March 31, 2017	45,651	－ 117,778	(3,720) 159,709	12,580	142	2,966	1,062	(6,037)	10,713	1,214	171,637

－４－

Hanwa Co. Ltd. published this content on 12 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 May 2017 05:13:17 UTC.

Original documenthttp://www.hanwa.co.jp/ms/data/pdf/ir/20170512-1en.pdf

Public permalinkhttp://www.publicnow.com/view/13A079E7CDF625E9B169039F8E72458F00D06CC1

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Chart Hanwa Co., Ltd.

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Company Profile

HANWA CO., LTD. is a Japan-based company mainly engaged in the sale of steel metal raw materials, non-ferrous metals, foods, petroleum and chemical products, wood and machinery. The Company operates through six business segments. The Steel business is engaged in the provision of steel bars, construction works, steel plates, special steels, wires, steel pipes, and scrap iron. It is also engaged in the metal processing and storage. The Metal Raw Materials business is engaged in the provision of nickel, chromium, silicon, manganese, and ferroalloys. The Overseas Sales Subsidiary business is engaged in the sale of products at major overseas bases. The Petroleum and Chemicals business is engaged in the sale of petroleum products, industrial chemicals, chemicals and waste fuels. The Food business provides seafood and livestock products. The Nonferrous Metals business supplies aluminum, copper and zinc, and conducts recycling business. It also manages and operates amusement facilities.

Sector

Iron & Steel

Calendar

2024-05-09 - Q4 2024 Earnings Release

More about the company

Income Statement Evolution

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Ratings for Hanwa Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

5,950 JPY

Average target price

6,038 JPY

Spread / Average Target

+1.47%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Metallic Rolling & Drawing Products

	1st Jan change	Capi.
HANWA CO., LTD.	+15.52%	1.57B
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FANGDA SPECIAL STEEL TECHNOLOGY CO., LTD.	-9.11%	1.35B
TIANJIN YOU FA STEEL PIPE GROUP STOCK CO., LTD.	+4.07%	1.26B
YONGJIN TECHNOLOGY GROUP CO., LTD.	-16.07%	818M
JIANGSU CHANGBAO STEELTUBE CO.,LTD	+20.37%	810M
PAO TMK	-.--%	674M
AL YAMAMAH STEEL INDUSTRIES COMPANY	+71.18%	574M

Metallic Rolling & Drawing Products

Hanwa Co., Ltd.

Equities

8078

JP3777800008

Iron & Steel

Financial Results for the Fiscal Year ended March 31, 2017 (PDF:181KB)

EPS Revisions