Consolidated Financial Results
for the Fiscal Year 2021
(J-GAAP)
May 13, 2021 | ||||
Listed company name: Ariake Japan Co., Ltd. | ||||
Code number: | 2815 | URL: https://www.ariakejapan.com/ | Listing exchange: Tokyo, 1st Section | |
Representative: | Naoki Shirakawa, President (CEO) | |||
Contact: | Kazuhiro Fujita, General Manager, Administration Department | |||
TEL: +81-3-3791-3301 | ||||
Date of annual general meeting of shareholders: June 18, 2021 | ||||
Date to submit the annual securities report: | June 21, 2021 | |||
Date to start of dividends distribution: | June 21, 2021 | |||
Supplementary materials prepared: Yes |
Results information meeting held: Yes (for financial analysts)
(Figures shown are rounded down to the nearest million yen.)
1. Consolidated Financial Results for the Year Ended March 31, 2021 (April 1, 2020-March 31, 2021)
(1) Consolidated Financial Results
(Percentage figures represent changes from the previous fiscal year.)
Net sales | Operating income | Ordinary income | Net income attributable to | |||||
shareholders of the parent | ||||||||
company | ||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |
FY2021 | 49,684 | (5.1) | 10,046 | (14.8) | 10,675 | (10.4) | 7,277 | (13.1) |
FY2020 | 52,329 | (7.5) | 11,789 | (1.3) | 11,908 | (5.1) | 8,375 | (49.8) |
Note: Comprehensive income: FY2021: ¥7,906 million (13.3%) | FY2020: ¥6,991 million (−59.4%) | |||||
Net income per share | Fully diluted net | Return on | Ordinary income to | Operating income | ||
income per share | shareholders' equity | total assets | to net sales | |||
Yen | Yen | % | % | % | ||
FY2021 | 228.70 | - | 7.6 | 9.9 | 20.2 | |
FY2020 | 263.21 | - | 9.2 | 11.3 | 22.5 |
Reference: Investment profit/loss on equity method: FY2021: ¥ - millionFY2020: ¥ - million
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | ||
Millions of yen | Millions of yen | % | Yen | ||
FY2021 | 111,681 | 98,867 | 87.9 | 3,086.18 | |
FY2020 | 104,489 | 93,432 | 88.9 | 2,917.83 | |
Reference: Equity capital: | FY2021: ¥98,203 million | FY2020: ¥92,847 million |
(3) Consolidated Cash Flows
Cash flows from operating | Cash flows from investing | Cash flows from financing | Cash and cash equivalents | |
activities | activities | activities | at end of period | |
Millions of yen | Millions of yen | Millions of yen | Millions of yen | |
FY2021 | 11,015 | 4,276 | (2,483) | 40,877 |
FY2020 | 1,977 | 8,971 | (2,476) | 27,904 |
2. Dividends
Dividends per share | Total dividends | Dividends | Dividends on | |||||
payout ratio | shareholders' | |||||||
1Q-end | 2Q-end | 3Q-end | Year-end | Annual | (Annual) | equity ratio | ||
(Consolidated) | ||||||||
(Consolidated) | ||||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |
FY2020 | - | 20.00 | - | 57.00 | 77.00 | 2,450 | 29.3 | 2.7 |
FY2021 | - | 20.00 | - | 57.00 | 77.00 | 2,450 | 33.7 | 2.6 |
FY2022 (forecast) | - | 20.00 | - | 57.00 | 77.00 | 30.2 |
Ariake Japan Co., Ltd. (2815) Consolidated Financial Results for the Fiscal Year 2021
3. Forecast of the Consolidated Financial Results for the Year Ending March 31, 2022 (April 1, 2021-March 31, 2022)
(Full year percentage figures represent changes from the previous fiscal year, and first half figures represent the rates of changes from the same period of the previous year.)
Net sales | Operating income | Ordinary income | Net income attributable | Net income | ||||||
to shareholders of the | ||||||||||
per share | ||||||||||
parent company | ||||||||||
Millions of | % | Millions of | % | Millions of | % | Millions of | % | Yen | ||
yen | yen | yen | yen | |||||||
First half year | 25,521 | 12.6 | 5,360 | 25.0 | 5,360 | 16.2 | 3,564 | 12.0 | 112.00 | |
Full year | 54,300 | 9.3 | 11,800 | 17.5 | 11,800 | 10.5 | 8,100 | 11.3 | 254.55 |
Ariake Japan Co., Ltd. (2815) Consolidated Financial Results for the Fiscal Year 2021
* Notes
- Significant Changes in Subsidiaries during the Year under Review (Changes in specified subsidiaries resulting in change of scope of consolidation): None
Newly included: None | (Company name: | ) | Removed: None | (Company name: ) |
- Changes in Accounting Policies, Changes in Accounting Estimates, and Restatement of Revisions
- Changes in accounting policies associated with revisions of accounting standards, etc.: None
2) | Changes other than those included in 1): | None |
3) | Changes in accounting estimates: | None |
4) | Restatement of revisions: | None |
(3) Number of Issued Shares (Common Stock)
- Number of issued shares as of the period-end (including treasury shares)
- Number of treasury shares as of the period-end
- Average number of shares for the period
As of March 31, | 32,808,683 shares | As of March 31, | 32,808,683 shares |
2021: | 2020: | ||
As of March 31, | 988,181 shares | As of March 31, | 987,855 shares |
2021: | 2020: | ||
FY 2021: | 31,820,688 shares | FY 2020: | 31,820,980 shares |
(Reference) Summary of Non-consolidated Financial Results
1. Financial Results for the Year Ended March 31, 2021 (April 1, 2020-March 31, 2021)
(1) Non-consolidated Financial Results
(Percentage figures represent changes from the previous fiscal year.) | |||||||||||
Net sales | Operating income | Ordinary income | Net income | ||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||
FY2021 | 38,563 | (6.8) | 7,407 | (17.7) | 8,116 | (12.1) | 5,578 | (15.9) | |||
FY2020 | 41,371 | 5.6 | 8,998 | 8.7 | 9,233 | 2.3 | 6,633 | (64.0) | |||
Net income per share | Fully diluted net income | ||||||||||
per share | |||||||||||
Yen | Yen | ||||||||||
FY2021 | 175.30 | - | |||||||||
FY2020 | 208.45 | - |
(2) Non-consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | |
Millions of yen | Millions of yen | % | Yen | |
FY2021 | 103,011 | 93,156 | 90.4 | 2,927.55 |
FY2020 | 97,837 | 89,657 | 91.6 | 2,817.57 |
Reference: Equity capital: FY2021: ¥93,156 million FY2020: ¥89,657 million
2. Forecast of the Non-consolidated Financial Results for the Year Ending March 31, 2022 (April 1, 2021-March 31, 2022)
(Full year percentage figures represent changes from the previous fiscal year, and first half figures represent the rates of changes from the same period of the previous year.)
Net sales | Ordinary income | Net income | Net income per share | ||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |||
First half year | 19,000 | 5.9 | 4,300 | 15.9 | 3,000 | 15.8 | 94.28 | ||
Full year | 41,500 | 7.6 | 8,800 | 8.4 | 6,100 | 9.4 | 191.70 |
- These financial results are outside the scope of the audit by certified public accountants or auditing firms.
-
Explanation regarding the appropriate use of forecast of consolidated financial results and other special instructions
Descriptions regarding the future, including the financial outlook contained in this material, are based on certain information currently available to the Company and particular assumptions, which are, at the discretion of the Company, deemed reasonable and actual financial results may significantly vary due to various factors.
Ariake Japan Co., Ltd. (2815) Consolidated Financial Results for the Fiscal Year 2021
Contents | |
1.Overview of Financial Results, etc........................................................................................................................................ | 2 |
(1)Overview of Financial Results for the FY2021 .............................................................................................................. | 2 |
(2)Overview of Financial Position for the FY2021 ............................................................................................................. | 3 |
(3)Overview of Cash Flows in the FY2021......................................................................................................................... | 3 |
(4)Future Outlook ................................................................................................................................................................ | 4 |
2.Basic Approach to the Selection of Accounting Standards ................................................................................................... | 5 |
3.Consolidated Financial Statements and Major Notes............................................................................................................ | 6 |
(1)Consolidated Balance Sheets .......................................................................................................................................... | 6 |
(2)Consolidated Statements of Income and Consolidated Statements of Comprehensive Income...................................... | 8 |
(Consolidated Statements of Income)............................................................................................................................. | 8 |
(Consolidated Statements of Comprehensive Income) ................................................................................................... | 9 |
(3)Consolidated Statements of Changes in Equity ............................................................................................................ | 10 |
(4)Consolidated Statements of Cash Flows ....................................................................................................................... | 12 |
(5)Notes on the Consolidated Financial Statements .......................................................................................................... | 13 |
(Notes on the Going Concern Assumption) .................................................................................................................. | 13 |
(Basic Important Matters to Prepare the Consolidated Financial Statements).............................................................. | 13 |
(Consolidated Balance Sheets) ..................................................................................................................................... | 16 |
(Consolidated Statements of Income)........................................................................................................................... | 17 |
(Consolidated Statements of Comprehensive Income) ................................................................................................. | 18 |
(Consolidated Statements of Changes in Equity) ......................................................................................................... | 19 |
(Consolidated Statements of Cash Flows) .................................................................................................................... | 20 |
(Securities).................................................................................................................................................................... | 21 |
(Derivative Transactions).............................................................................................................................................. | 23 |
(Retirement Benefits).................................................................................................................................................... | 23 |
(Segment Information, etc.).......................................................................................................................................... | 26 |
(Information on the Related Parties)............................................................................................................................. | 28 |
(Per Share Information) ................................................................................................................................................ | 30 |
(Important Subsequent Events)..................................................................................................................................... | 30 |
4.Non-consolidated Financial Statements and Major Notes................................................................................................... | 31 |
(1)Non-consolidated Balance Sheets ................................................................................................................................. | 31 |
(2)Non-consolidated Statements of Income....................................................................................................................... | 33 |
(3)Non-consolidated Statements of Changes in Equity ..................................................................................................... | 35 |
5.Other.................................................................................................................................................................................... | 37 |
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Ariake Japan Co., Ltd. (2815) Consolidated Financial Results for the Fiscal Year 2021
1. Overview of Financial Results, etc.
(1) Overview of Financial Results for the FY2021
(Consolidated Financial Results)
(Millions of yen) | |||||
Net income | |||||
Net sales | Operating income | Ordinary income | attributable to | Net income per | |
shareholders of the | share (yen) | ||||
parent company | |||||
FY2021 | 49,684 | 10,046 | 10,675 | 7,277 | 228.70 |
FY2020 | 52,329 | 11,789 | 11,908 | 8,375 | 263.21 |
Growth Rate | (5.1%) | (14.8%) | (10.4%) | (13.1%) | - |
(Non-consolidated Financial Results)
(Millions of yen) | |||||
Net sales | Operating income | Ordinary income | Net income | Net income per | |
share (yen) | |||||
FY2021 | 38,563 | 7,407 | 8,116 | 5,578 | 175.30 |
FY2020 | 41,371 | 8,998 | 9,233 | 6,633 | 208.45 |
Growth Rate | (6.8%) | (17.7%) | (12.1%) | (15.9%) | - |
During the fiscal year ended March 31, 2021, the Japanese economy continued to struggle with the COVID-19 pandemic, but showed signs of improvement as economic activities gradually resumed after the nation's first state of emergency was lifted. However, the situation remains uncertain amid the resurgence of COVID-19.
Under such circumstances, we reinforced hygiene management at our domestic and overseas sites to prevent infections and implemented alternative work arrangements. Especially at our overseas locations, we operated our business in compliance with national and local government guidelines of each country.
Against this backdrop, Ariake Japan Co., Ltd. (the "Company") and its Group companies (collectively, the "Ariake Group") have been striving to understand customer needs early on, expand their existing businesses throughout the world, and actively develop new businesses. In this way, the Ariake Group endeavors, as a leading manufacturer in the field of natural seasonings and also as a global enterprise, to fulfill its commitments to food safety, good health, and better taste.
As a result of these efforts, the Group and the Company were able to record the following earnings for the fiscal year under review.
The Company's net sales decreased by 6.8% (¥2,807 million) year on year, to ¥38,563 million, resulting from our steady sales and marketing efforts focusing on a "customer-first" approach.
Sales of subsidiaries increased by 1.5% year on year.
Therefore, consolidated net sales for the fiscal year under review decreased by 5.1% (¥2,645 million) year on year to ¥49,684 million.
The Company's operating income decreased by 17.7% (¥1,591 million) year on year to ¥7,407 million, largely due to decreased sales and a failure to absorb fixed costs.
Consolidated operating income decreased by 14.8% (¥1,743 million) year on year to ¥10,046 million.
The Company's ordinary income decreased by 12.1% (¥1,116 million) year on year to ¥8,116 million. This was mainly attributable to a ¥390 million increase in foreign exchange gains compared to the previous year.
Consolidated ordinary income decreased by 10.4% (¥1,233 million) year on year to ¥10,675 million. Net income for the Company decreased by 15.9% (¥1,054 million) year on year to ¥5,578 million.
Net income attributable to shareholders of the parent company decreased by 13.1% (¥1,098 million) year on year to ¥7,277 million.
The Ariake Group has only one reportable segment, so information on segment performance is not reported.
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Ariake Japan Co. Ltd. published this content on 26 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2021 07:58:04 UTC.