AMADA HOLDINGS CO. LTD. Note: This English translation is solely for reference purposes and not a legally definitive translation of the original Japanese text. In the event a difference arises regarding the meaning herein, the original Japanese version will prevail as the official authoritative version.
August 8, 2023
Consolidated Financial Results for the Three Months Ended June 30, 2023
(IFRS)
AMADA CO., LTD. Listed on the Prime Market of the TSE Stock Code: 6113
Representative: Takaaki Yamanashi, Representative Director, President
Contact: Kazuhiko Miwa, Director, Managing Executive Officer, General Manager of Consolidated Finance Division TEL: +81-463-96-1111
Scheduled date to file quarterly securities report: August 8, 2023
Scheduled date to commence dividend payments: －
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results briefing: Yes (for investment analysts and institutional investors)
(Amounts less than one million yen are truncated.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2023 (from April 1, 2023 to June 30, 2023)
(1) Operating Results (Cumulative)
Revenue | Operating profit | Profit before tax | Profit | Profit attributable to | ||||||
owners of parent | ||||||||||
Millions of | % | Millions of | % | Millions of | % | Millions of | % | Millions of | % | |
yen | yen | yen | yen | yen | ||||||
Three months ended June 30, 2023 | 86,522 | 16.9 | 12,044 | 54.7 | 13,222 | 65.4 | 9,407 | 60.4 | 9,365 | 60.3 |
Three months ended June 30, 2022 | 74,031 | 19.1 | 7,784 | 46.7 | 7,995 | 34.4 | 5,864 | 38.7 | 5,844 | 39.8 |
Note: Comprehensive income: | Three months ended June 30, 2023: | ¥25,109 | millions | 39.4 | % |
Three months ended June 30, 2022: | ¥18,019 | millions | 317.0 | % |
Basic earnings per | Diluted earnings per | |
share | share | |
Yen | Yen | |
Three months ended June 30, 2023 | 26.95 | － |
Three months ended June 30, 2022 | 16.81 | － |
(2) Financial Position
Equity attributable to | Ratio of equity | |||
Total assets | Total equity | attributable to owners | ||
owners of parent | ||||
of parent | ||||
Millions of yen | Millions of yen | Millions of yen | % | |
As of June 30, 2023 | 665,825 | 523,880 | 519,208 | 78.0 |
As of March 31, 2023 | 647,562 | 508,521 | 504,127 | 77.8 |
2. Dividends
Dividends per share | |||||
First | Second | Third | Fiscal | Total | |
quarter | quarter | quarter | year-end | ||
Yen | Yen | Yen | Yen | Yen | |
Fiscal year ended March 31, 2023 | － | 22.00 | － | 26.00 | 48.00 |
Fiscal year ended March 31, 2024 | － | ||||
Fiscal year ended March 31, 2024 (Forecast) | 25.00 | － | 25.00 | 50.00 | |
Note: Revision to dividend forecasts most recently announced: None
3. Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Percentages indicate year-on-year increase (decrease).
Revenue | Operating profit | Profit attributable to | Basic earnings per | ||||
owners of parent | share | ||||||
Millions of | % | Millions of | % | Millions of | % | Yen | |
yen | yen | yen | |||||
Fiscal year ending March 31, 2024 (Forecast) | 375,000 | 2.5 | 50,000 | 0.3 | 34,500 | 1.0 | 99.38 |
Note: Revision to consolidated financial forecasts most recently announced: None |
4. Other Items
- Changes in the scope of consolidation for significant subsidiaries during the three months ended June 30, 2023: None (Changes in specified subsidiaries resulting in change in the scope of consolidation)
- Changes in accounting policies and changes in accounting estimates:
- Changes in accounting policies required by IFRS: None
- Changes in accounting policies other than 1) above: None
- Changes in accounting estimates: None
- Number of shares issued (common stock)
- Number of shares issued at end of period (including treasury shares)
As of June 30, 2023 | 359,115,217 | shares | |
As of March 31, 2023 | 359,115,217 | shares | |
2) | Number of treasury shares at end of period | ||
As of June 30, 2023 | 11,964,013 | shares | |
As of March 31, 2023 | 11,458,462 | shares | |
3) | Average number of shares during period | ||
Three months ended June 30, 2023 | 347,488,076 | shares | |
Three months ended June 30, 2022 | 347,659,615 | shares |
*These quarterly consolidated financial results are outside the scope of the quarterly review procedures by a certified public accountant or an auditing firm. * Explanation regarding the appropriate use of financial results forecast and other special notes
The consolidated financial forecasts mentioned in this document and other forward-looking statements are based on information available to and on certain reasonable assumptions by the Company as of today. Accordingly, actual results may differ significantly from the forecasts herein due to various factors.
Condensed Quarterly Consolidated Financial Statements and Primary Notes
Condensed Quarterly Consolidated Statement of Financial Position
(Millions of yen; amounts less than one million yen are truncated.) | |||
Period | As of March 31, 2023 | As of June 30, 2023 | |
Item | |||
(Assets) | |||
Current assets: | |||
Cash and cash equivalents | 98,556 | 91,152 | |
Trade and other receivables | 130,319 | 126,382 | |
Inventories | 134,536 | 156,166 | |
Other financial assets | 24,937 | 31,621 | |
Other current assets | 10,367 | 10,099 | |
Total current assets | 398,716 | 415,423 | |
Non-current assets: | |||
Property, plant and equipment | 176,668 | 180,473 | |
Goodwill | 6,426 | 6,662 | |
Intangible assets | 11,810 | 12,012 | |
Investments accounted for using equity method | 702 | 786 | |
Other financial assets | 32,656 | 30,065 | |
Deferred tax assets | 11,124 | 10,891 | |
Other non-current assets | 9,457 | 9,510 | |
Total non-current assets | 248,846 | 250,402 | |
Total asset | 647,562 | 665,825 |
(Millions of yen; amounts less than one million yen are truncated.) | ||||
Period | As of March 31, 2023 | As of June 30, 2023 | ||
Item | ||||
(Liabilities and Equity) | ||||
Liabilities | ||||
Current liabilities: | ||||
Trade and other payables | 62,972 | 65,842 | ||
Borrowings | 4,657 | 4,846 | ||
Income taxes payable | 10,595 | 5,037 | ||
Other financial liabilities | 3,355 | 6,719 | ||
Provisions | 1,877 | 2,036 | ||
Other current liabilities | 37,555 | 39,500 | ||
Total current liabilities | 121,013 | 123,984 | ||
Non-current liabilities: | ||||
Borrowings | 667 | 483 | ||
Other financial liabilities | 10,300 | 10,367 | ||
Retirement benefit liability | 3,058 | 3,196 | ||
Provisions | 7 | 7 | ||
Deferred tax liabilities | 933 | 955 | ||
Other non-current liabilities | 3,061 | 2,951 | ||
Total non-current liabilities | 18,028 | 17,961 | ||
Total liabilities | 139,041 | 141,945 | ||
Equity | ||||
Share capital | 54,768 | 54,768 | ||
Capital surplus | 143,883 | 143,883 | ||
Retained earnings | 288,300 | 288,626 | ||
Treasury shares | (12,099) | (12,810) | ||
Other components of equity | 29,273 | 44,740 | ||
Total equity attributable to owners of parent | 504,127 | 519,208 | ||
Non-controlling interests | 4,393 | 4,671 | ||
Total equity | 508,521 | 523,880 | ||
Total liabilities and equity | 647,562 | 665,825 |
Condensed Quarterly Consolidated Statement of Profit or Loss
Three months ended June 30, 2022 and 2023
(Millions of yen; amounts less than one million yen are truncated.)
Period | Three months ended | Three months ended |
Item | June 30, 2022 | June 30, 2023 |
Revenue | 74,031 | 86,522 |
Cost of sales | (41,793) | (47,589) |
Gross profit | 32,238 | 38,933 |
Selling, general and administrative expenses | (24,951) | (27,128) |
Other income | 636 | 303 |
Other expenses | (138) | (63) |
Operating profit | 7,784 | 12,044 |
Finance income | 2,952 | 3,904 |
Finance costs | (2,775) | (2,796) |
Share of profit of investments accounted for using equity method | 33 | 70 |
Profit before tax | 7,995 | 13,222 |
Income tax expense | (2,131) | (3,815) |
Profit | 5,864 | 9,407 |
Profit attributable to: | ||
Owners of parent | 5,844 | 9,365 |
Non-controlling interests | 20 | 41 |
Profit | 5,864 | 9,407 |
Earnings per share | ||
Basic earnings per share (Yen) | 16.81 | 26.95 |
Diluted earnings per share (Yen) | － | － |
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Amada Co. Ltd. published this content on 08 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2023 07:30:03 UTC.
