CTS CO., LTD. Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results
for the Year Ended March 31, 2022
(Based on Japanese GAAP)
Company name: CTS Co., Ltd.
Stock exchange listing: Tokyo
Stock code: Representative:
Taizo Yokoshima | |
Makio Kitahara | |
Scheduled date of ordinary general meeting of shareholders: | June 17, 2022 |
Scheduled date to file Securities Report: | June 17, 2022 |
Scheduled date to commence dividend payments: | June 1, 2022 |
Preparation of supplementary material on financial results: | Yes |
Holding of financial results meeting: |
Inquiries:
4345 URLhttps://www.cts-h.co.jpRepresentative Director and President Operating Officer Accounting & Finance Manager
TEL 0268-26-3700
Yes (for institutional investors and analysts)
((Amounts less than one million yen are rounded down))
1. Consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)
(1) Consolidated operating results
April 28, 2022
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | |||||
Year ended March 31, 2022 Year ended March 31, 2021 | Millions of yen 10,542 9,968 | % 5.8 8.7 | Millions of yen 2,628 2,228 | % 17.9 20.3 | Millions of yen 2,535 2,127 | % 19.2 17.0 | Millions of yen 1,731 1,456 | % 18.8 16.7 |
Earnings per share | Diluted earnings per share | Profit attributable to owners of parent/equity | Ordinary profit/total assets | Operating profit/net sales | |
Year ended March 31, 2022 Year ended March 31, 2021 | Yen 40.80 34.14 | Yen - - | % 18.7 17.5 | % 18.5 17.1 | % 24.9 22.4 |
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |
As of March 31, 2022 As of March 31, 2021 | Millions of yen 14,361 13,115 | Millions of yen 9,743 8,789 | % 67.8 67.0 | Yen 229.92 205.94 |
(3) Consolidated cash flows
Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Cash and cash equivalents at end of period | |
Year ended March 31, 2022 Year ended March 31, 2021 | Millions of yen 2,905 2,328 | Millions of yen (2,262) (377) | Millions of yen (1,686) (1,271) | Millions of yen 5,172 6,216 |
2. Cash dividends
Annual dividends per share | Total cash dividends (Total) | Dividend payout ratio (Consolidated) | Ratio of dividends to net assets (Consolidated) | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | ||||
Year ended March 31, 2021 Year ended March 31, 2022 | Yen - - | Yen 6.00 7.00 | Yen - - | Yen 8.00 11.00 | Yen 14.00 18.00 | Millions of yen 597 762 | % 41.0 44.1 | % 7.2 8.3 |
Year ending March 31, 2023 (Forecast) | - | 10.50 | - | 11.50 | 22.00 | 49.3 |
3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Earnings per share | |||||
Six months ending September 30, 2022 Full year | Millions of yen 5,460 11,200 | % 6.9 6.2 | Millions of yen 1,250 2,820 | % 4.4 7.3 | Millions of yen 1,250 2,800 | % 9.0 10.4 | Millions of yen 844 1,890 | % 7.1 9.2 | Yen 19.92 44.60 |
4. Notes
(1) Changes in significant subsidiaries during the year ended March 31, 2022
No
(changes in specified subsidiaries resulting in the change in scope of consolidation):
(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations: Changes in accounting policies due to other reasons:
Changes in accounting estimates:
Restatement of prior period financial statements:
Yes No No No
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2022 43,400,000 shares | As of March 31, 2021 43,400,000 shares |
As of March 31, 2022
Number of treasury shares at the end of the period
As of March 31, 2022 1,020,845 shares | As of March 31, 2021 720,845 shares |
As of March 31, 2022
Average number of shares during the period
Year ended March 31, 2022 42,431,680 shares | Year ended March 31, 2021 42,679,155 shares |
Year ended March 31, 2022 42,431,680 shares Year ended March 3
Consolidated financial statements Consolidated balance sheets
(Millions of yen) | ||
As of March 31, 2021 | As of March 31, 2022 | |
Assets Current assets Cash and deposits Notes and accounts receivable - trade Inventories Other Allowance for doubtful accounts | 6,216 1,693 460 196 (4) | 5,172 1,795 312 157 (14) |
Total current assets | 8,563 | 7,422 |
Non-current assets Property, plant and equipment Property for rental Accumulated depreciation | 868 (837) | 874 (836) |
Property for rental, net | 31 | 37 |
Buildings and structures Accumulated depreciation | 1,210 (478) | 1,211 (515) |
Buildings and structures, net | 732 | 695 |
Land Leased assets Accumulated depreciation | 1,022 3,738 (1,462) | 1,022 4,093 (1,724) |
Leased assets, net | 2,275 | 2,368 |
Other Accumulated depreciation | 265 (249) | 268 (227) |
Other, net | 16 | 40 |
Total property, plant and equipment | 4,078 | 4,164 |
Intangible assets Investments and other assets Investment securities Other Allowance for doubtful accounts | 53 53 369 (1) | 140 2,329 304 (1) |
Total investments and other assets | 420 | 2,632 |
Total non-current assets | 4,552 | 6,938 |
Total assets | 13,115 | 14,361 |
(14)
(836)
(515)
(1,724)
(227)
(1)
(Millions of yen) | ||
As of March 31, 2021 | As of March 31, 2022 | |
Liabilities Current liabilities Notes and accounts payable - trade Electronically recorded obligations - operating Lease liabilities Income taxes payable Other | 499 559 730 378 371 | 458 567 810 523 394 |
Total current liabilities | 2,539 | 2,753 |
Non-current liabilities Lease liabilities Other | 1,570 215 | 1,590 273 |
Total non-current liabilities | 1,786 | 1,864 |
Total liabilities | 4,326 | 4,617 |
Net assets Shareholders' equity Share capital Capital surplus Retained earnings Treasury shares | 425 2,399 6,393 (460) | 425 2,399 7,486 (722) |
Total shareholders' equity | 8,758 | 9,589 |
Accumulated other comprehensive income Valuation difference on available-for-sale securities | 31 | 154 |
Total accumulated other comprehensive income | 31 | 154 |
Total net assets | 8,789 | 9,743 |
Total liabilities and net assets | 13,115 | 14,361 |
(722)
Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income
(Millions of yen) | ||
Fiscal year ended March 31, 2021 | Fiscal year ended March 31, 2022 | |
Net sales Cost of sales | 9,968 5,288 | 10,542 5,313 |
Gross profit | 4,679 | 5,229 |
Selling, general and administrative expenses | 2,451 | 2,601 |
Operating profit | 2,228 | 2,628 |
Non-operating income Dividend income Insurance claim income Gain on sale of non-current assets Other | 1 1 - 6 | 21 - 3 4 |
Total non-operating income | 8 | 29 |
Non-operating expenses Interest expenses Share of loss of entities accounted for using equity method | 43 66 | 48 74 |
Total non-operating expenses | 109 | 122 |
Ordinary profit | 2,127 | 2,535 |
Extraordinary income Gain on sale of investment securities | 14 | 20 |
Total extraordinary income | 14 | 20 |
Profit before income taxes | 2,141 | 2,555 |
Income taxes - current Income taxes - deferred | 692 (7) | 827 (2) |
Total income taxes | 684 | 824 |
Profit | 1,456 | 1,731 |
Profit attributable to owners of parent | 1,456 | 1,731 |
(2)
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CTS Co. Ltd. published this content on 02 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2022 06:36:04 UTC.
