HANWA CO., LTD. With Users
INTERIM RESULTSfor the Year Ending March 2017
November 24, 2016
HANWA CO., LTD.Copyright© 2016 Hanwa Co., Ltd. All Rights Reserved 1
Operating Results ( consolidated )With Users
・Net sales decreased by 9% in the same period of the previous year, due to decline in petroleum and steel product prices .
・SG & A expenses increased by 3% compared with the same period of previous year. 3% out of 3% was accounted for newly consolidated subsidiaries. Our personnel expenses increased 0.5
billion yen.
・Ordinary income increased by 43%, mainly due to mainly due to decrease in equity in losses of affiliates.
・Net income attributable to owners of the parent increased by 3%, due to decline in extraordinary gain.
FY2015/1H | FY2016/1H | Rate of changes | |
Net sales | 788.2 | 715.6 | －9% |
Gross profit | 27.4 | 30.7 | ＋12％ |
SG&A | 19.2 | 19.8 | ＋3％ |
Operating income | 8.1 | 10.9 | ＋34％ |
Ordinary income | 6.9 | 9.9 | ＋43％ |
Net income attributable to owners of the parent | 6.0 | 6.2 | ＋3％ |
EPS | 29.22yen | 30.28yen | ＋4％ |
Comprehensive income | 1.3 | 4.1 | ＋197％ |
（billions of yen）
Copyright© 2016 Hanwa Co., Ltd. All Rights Reserved 2
Changes in Business results （（（（ consolidated ））））
With Users
Sales decreased because of low prices of crude oil and other commodities but the transaction volume remained steady.
Net income remained strong after eliminating the one-time contribution to earnings from the sale of a logistics center land in last fiscal year.
Net sales Net income
（billions of yen）
2,000
1,682.51,737.3
Year ended 30
Interim period
25
Year ended Interim period
25.4
1,500
1,511.8
1,500.0
（Forecast） 20
1,000
500
790.7
861.1
15
10
788.2 715.6
5
7.8
3.7
9.0
3.9
13.0
（Forecast）
6.06.2
0
FY2013 FY2014 FY2015 FY2016
0
FY2013 FY2014 FY2015 FY2016
Copyright© 2016 Hanwa Co., Ltd. All Rights Reserved 3
時価会計・一過性損益の影響
With Users
¥9.9 billion ordinary income can be regarded as ¥10.4 billion before excluding valuation gains and losses for inventories, derivatives and other items, a one-time loss at subsidiaries, and other one-time gains and losses. Ordinary income on the same basis was ¥7.6 billion one year earlier.
11
10 9.9
0.2
0.0 0.5
1.0
0.2
(billions of yen)
10.4
9
8
0
Accounting
ordinary income
Ｉnventory valuation
Derivative valuation
Exchange conversion
Loss of subsidiaries
Others Real ordinary income
Copyright© 2016 Hanwa Co., Ltd. All Rights Reserved 4
Segment Information ( consolidated )Lower commodity prices caused sales decrease in all segments.
With Users
Earnings increased mainly because of higher steel earnings and an improvement in the profitability of the food product segment.
Net sales Segment income
（billions of yen）
1,000.0
800.0
600.0
400.0
788.2
29.1
100.0
150.0
47.7
45.2
73.9
715.6
39.6
82.6
125.0
44.7
37.1
61.7
15.0
13.0
11.0
9.0
7.0
5.0
6.9
0.5
1.0
0.5
1.3
9.9
0.9
0.9
1.0
0.5
8.5
0 .0
200.0 406.3371.0
3.0
6.3
0.0
-200.0
-64.3-46.3
FY2015/1H FY2016/1H
1.0
-1.0
-3.0
-0.1
-2.5-1.9
0 . 0
FY2015/1H FY2016/1H
-0.1
Steel | Metals & alloys | Non-ferrous metal | Foods |
Petroleum & chemicals | Overseas sales subsidiaries | Other | Adjustment |
Copyright© 2016 Hanwa Co., Ltd. All Rights Reserved 5
Financial Position ( consolidated )With Users
・Total assets remained on the same level from the end of the previous year. While inventories decreased, cash and deposits increased.
・Interest-bearing debt decreased slightly from the end of the previous year, due to the
decrease in long-term loans payable. Net debt-equity ratio was turned into 124.6%.
・Despite increase of accumulated earnings from quarterly net income, total net assets
increased slightly from the end of the previous year, due to the increased treasury stock and the decreased foreign currency translation adjustments.
FY2015 | FY2016/1H | Rate of changes | |
Total assets | 599.6 | 599.9 | ＋0％ |
Total liabilities | 443.5 | 443.2 | － 0% |
Interest-bearing debt | 237.5 | 234.4 | － 1％ |
Net DER | 135.9% | 124.6% | － 11.3pt |
Net assets | 156.1 | 156.6 | ＋0％ |
Shareholders' equity | 154.8 | 155.5 | ＋0％ |
Shareholders' equity ratio | 25.8％ | 25.9％ | ＋0.1pt |
BPS | 747.40 yen | 765.42 yen | ＋2％ |
（billions of yen）
Copyright© 2016 Hanwa Co., Ltd. All Rights Reserved 6
Cash Flows Situation ( consolidated )With Users
・Cash flows from operating activities was 22.0 billion yen, due to decrease in
inventories and increase in operating revenue.
・Cash flows from investing activities was -1.3 billion yen, due to purchase of
investment securities and execution of long-term loan.
・Cash flows from financing activities was -5.5 billion yen, due to payback and
payment for cash dividends.
（billions of yen）
FY2015/1H | FY2016/1H | Change | |
Cash flows from operating activities | 29.3 | 22.0 | －7.3 |
Cash flows from investing activities | (12.3) | (1.3) | ＋11.0 |
Cash flows from financing activities | (17.7) | (5.5) | ＋12.2 |
Cash and cash equivalents at end of the period | 24.6 | 40.4 | ＋15.8 |
Copyright© 2016 Hanwa Co., Ltd. All Rights Reserved 7
Business Forecast FY2016 ( year ending March 31, 2017)・Net sales forecast
With Users
The fiscal year sales forecast has been reduced by ¥100 billion because first half sales were lower than planned due to declines in prices of commodities.
・Profit forecast
No revision to the forecast because first half earnings were largely as planned. Net income is down because earnings in the previous fiscal year include a gain on
the sale of a logistics center land.
（billions of yen）
FY2015 | FY2016 (forecast) | Rate of change | |
Net sales | 1,511.8 | 1,500.0 | ―1％ |
Operating income | 18.1 | 21.0 | ＋16％ |
Ordinary income | 15.4 | 19.0 | ＋23％ |
Net income attributable to owners of the parent | 25.4 | 13.0 | ―49％ |
Copyright© 2016 Hanwa Co., Ltd. All Rights Reserved 8
Hanwa Co. Ltd. published this content on 24 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 December 2016 04:09:43 UTC.
Original documenthttp://www.hanwa.co.jp/ms/data/pdf/ir/20161124en.pdf
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