Financial Results for the First Quarter ended June 30, 2015
(Consolidated financial results have been prepared in accordance with accounting principles generally accepted in Japan)
August 7, 2015
Company name:
HANWA Co., Ltd. Listed stock exchange: Tokyo
Stock exchange code: Representative:
8078
Hironari Furukawa President
(URL http://www.hanwa.co.jp)
Enquiries:
Atsuhiro Moriguchi Director, Senior Managing Executive Officer
TEL 81 - 3 - 3544 - 2000
The date of issue of audited financial statements: August 14, 2015
1.Consolidated financial results for the first quarter ended June 30, 2015
(Rounded down to millions of yen)
(1) Consolidated operating results (% of change from the same period of previous year)
Note: Comprehensive income For the first quarter ended June 30, 2015
For the first quarter ended June 30, 2014
Net income per share | Net income per share(diluted) | |
For the first quarter ended June 30, 2015 ended June 30, 2014 | (yen) 14.23 9.79 | (yen) - - |
(2) Consolidated financial position
3,589
3,045
million yen million yen
17.9% (30.8%)
Total assets | Net assets | Shareholders' equity ratio | Shareholders' equity per share | |
June 30, 2015 March 31, 2015 | (Millions of yen) 643,451 651,456 | (Millions of yen) 144,844 142,749 | (%) 22.3 21.7 | (yen) 692.57 682.46 |
Note: Shareholders' equity As of June 30, 2015
As of March 31, 2015
143,507 million yen
141,415 million yen
2.Cash dividends
Cash dividends per share | |||||
(effective date) | First quarter | Second quarter | Third quarter | Year-end | Annual |
Year ended March 31, 2015 | (yen) - | (yen) 7.50 | (yen) - | (yen) 7.50 | (yen) 15.00 |
Year ending March 31, 2016 (estimated) | - | ||||
Year ending March 31, 2016 (estimated) | 8.00 | - | 8.00 | 16.00 |
3.Forecast of consolidated financial results for fiscal year ending March 31, 2016 (% of change from previous year)
* 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 First Quarter ended June 30, 2015
《Consolidated Balance Sheets》 (Rounded down to millions of yen)
Assets
Current assets;
Cash and deposits
Trade notes and accounts receivable
Millions of yen
March 31, 2015 June 30, 2015 Increase(Decrease)
24,542 25,487 945
321,642 309,849 (11,793)
Securities 2,610 2,655 45
Inventories
Others
Allowance for doubtful receivables
Total current assets
133,055 125,260 (7,795)
29,442 38,740 9,298 (915) (345) 570
510,377 501,647 (8,730)
Fixed assets;
Property and equipment;
Land 31,676 32,737 1,061
Others 29,270 29,982 712
Total property and equipment 60,946 62,719 1,773
Intangible assets 2,019 2,202 183
Investments and other assets;
Investment securities 58,293 57,608 (685) Others 20,114 19,570 (544) Allowance for doubtful receivables (295) (296) (1) Total investments and other assets 78,112 76,881 (1,231)
Total fixed assets 141,078 141,804 726
Total assets 651,456 643,451 (8,005)
Liabilities;
Current liabilities;
Trade notes and accounts payable 180,155 171,236 (8,919) Short-term loans payable 82,155 83,823 1,668
Commercial paper 27,000 20,000 (7,000)
Current portion of bonds payable 10,000 57 (9,943) Income taxes payable 1,231 491 (740) Accrued bonuses 2,051 1,176 (875) Others 39,602 48,530 8,928
Total current liabilities 342,196 325,316 (16,880)
Long-term liabilities;
Bonds payable 30,000 30,118 118
Long-term loans payable 122,352 128,472 6,120
Retirement benefits liabilities 412 461 49
Others 13,745 14,237 492
Total long-term liabilities 166,510 173,290 6,780
Total liabilities 508,706 498,606 (10,100)
Net assets;
Shareholders' equity;
Common stock 45,651 45,651 ―
Capital surplus 4 4 ―
Retained earnings 82,110 83,586 1,476
Treasury stock (1,445) (1,447) (2) Total shareholders' equity 126,320 127,794 1,474
Accumulated other comprehensive income
Net unrealized holding gains on securities 11,621 12,605 984
Deferred hedge profit and loss 1,526 629 (897) Land revaluation difference 3,250 3,250 ―
Foreign currency translation adjustments 2,356 2,723 367
Remeasurements of defined benefit plans (3,660) (3,495) 165
Total accumulated other comprehensive incom 15,094 15,713 619
Minority interests 1,334 1,336 2
Total net assets 142,749 144,844 2,095
Total liabilities and net assets 651,456 643,451 (8,005)
-2-
HANWA co., ltd.
Financial Results for the First Quarter ended June 30, 2015
《Consolidated Statements of Income and Comprehensive Income》 (Rounded down to millions of yen)
First quarter ended
June 30, 2014
Millions of yen First quarter ended
June 30, 2015
Increase(Decrease)
Net sales 423,335 398,045 (25,290) Cost of sales 410,114 383,811 (26,303) Gross profit 13,220 14,233 1,013
Selling, general and administrative expenses
9,184 9,474 290
Operating income 4,036 4,759 723
Other income;
Interest income 223 205 (18) Dividend income 317 419 102
Reversal of allowance for doubtful account ― 612 612
Others 253 268 15
Total other income 795 1,505 710
Other expenses;
Interest expenses 719 696 (23) Loss on investment in affiliates ― 1,245 1,245
Foreign exchange loss 33 124 91
Others 299 303 4
Total other expenses 1,052 2,370 1,318
Ordinary income 3,779 3,894 115
Extraordinary income
Gain on sale of property and equipment ― 350 350
Total extraordinary income ― 350 350
Extraordinary loss;
Loss on devaluation of investments securities ― 150 150
Total extraordinary loss ― 150 150
Income before income taxes and minority interest 3,779 4,094 315
Income taxes 1,741 1,155 (586) Net income 2,037 2,939 902
Net income attributable to
Net income attributable to owners of the Company 2,028 2,948 920
Net income(loss) attributable to minority interests 9 (9) (18)
Other Comprehensive Income
Comprehensive Income 3,045 3,589 544
Comprehensive income attributable to
Comprehensive income attributable to owners of the paren | 3,082 | 3,566 | 484 |
Comprehensive income attributable to minority interests | (37) | 22 | 59 |
-3-
HANWA co., ltd.
Financial Results for the First Quarter ended June 30, 2015
《Segment information》
Business segment information
The Companies' operations are classified into five business segments as follows:
Steel: Steel bars and shapes, steel plates and sheets, special steels, wire products, steel pipes, and steelmaking raw materials
Metals and alloys: Nickel, chromium, stainless scrap and solar cell-related materials and products
Non-ferrous metals: Copper, aluminium, lead, zinc, tin, antimony and other metals
Foods: Frozen seafoods and meat products
Petroleum and chemicals : Petroleum products, chemical products, and cement
Segment information by business category for the first quarter ended June 30, 2014 and 2015, is as follows:
(Rounded down to millions of yen)
First quarter ended June 30, 2014 Millions of yen
Reportable segment | Other | Total | Adjustment | Consoli- dated | ||||||
Steel | Metals & alloys | Non-ferrous metals | Foods | Petroleum & chemicals | Sub- total | Other | Total | Adjustment | Consoli- dated | |
Net sales Customers Inter-segment | 199,930 5,330 | 29,958 1,703 | 18,206 330 | 21,358 216 | 118,159 1,580 | 387,613 9,161 | 35,722 18,565 | 423,335 27,727 | ― (27,727) | 423,335 ― |
Total | 205,260 | 31,661 | 18,537 | 21,575 | 119,739 | 396,774 | 54,288 | 451,062 | (27,727) | 423,335 |
Segment income(loss) | 3,484 | 815 | 176 | 511 | 636 | 5,624 | (218) | 5,405 | (1,626) | 3,779 |
First quarter ended June 30, 2015 Millions of yen
Reportable segment | Other | Total | Adjustment | Consoli- dated | ||||||
Steel | Metals & alloys | Non-ferrous metals | Foods | Petroleum & chemicals | Sub- total | Other | Total | Adjustment | Consoli- dated | |
Net sales Customers Inter-segment | 195,142 5,024 | 36,756 1,006 | 23,681 268 | 24,825 104 | 78,433 1,484 | 358,838 7,889 | 39,206 24,712 | 398,045 32,602 | ― (32,602) | 398,045 ― |
Total | 200,166 | 37,763 | 23,950 | 24,930 | 79,917 | 366,728 | 63,918 | 430,647 | (32,602) | 398,045 |
Segment income(loss) | 2,859 | 684 | 395 | 70 | 382 | 4,393 | 504 | 4,897 | (1,002) | 3,894 |
Notes:
1. "Other" comprises businesses that are not included in reportable segments, such as lumber section, machinery section and
overseas sales subsidiaries.
2. Adjustments for segment income include intersegment elimination and Group costs that have not been distributed to reportable segments. These group costs consist mainly of expenses of administrative departments.
3. Segment income or loss is adjusted between ordinary income on the consolidated statements of income and comprehensive income.
-4-
distributed by |