EF-ON INC. 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 Three Months Ended September 30, 2021 (Based on Japanese GAAP)
November 12, 2021 | ||||
Company name: | EF-ON INC. | |||
Stock exchange listing: | Tokyo | |||
Stock code: | 9514 | URL http://www.ef-on.co.jp/ | ||
Representative: | President and Representative Director | TOMOTADA SHIMAZAKI | ||
Inquiries: | Executive Director | HISAHITO KOIKE | TEL 03-5299-8521 | |
Scheduled date to file Quarterly Securities Report: | November 12, 2021 | |||
Scheduled date to commence dividend payments: | - | |||
Preparation of supplementary material on quarterly financial results: | No | |||
Holding of quarterly financial results meeting: | No |
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended September 30, 2021 (from July 1, 2021 to September 30, 2021)
(1) Consolidated operating results (cumulative) | Percentages indicate year-on-year changes | ||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||||||
owners of parent | |||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||||
Three months ended September 30, 2021 | 3,452 | (1.7) | 457 | (44.2) | 419 | (46.4) | 301 | (45.5) | |||||||||
Three months ended September 30, 2020 | 3,511 | 27.7 | 820 | 15.2 | 781 | 14.9 | 553 | 56.8 | |||||||||
Earnings per share | Diluted earnings per share | ||||||||||||||||
Yen | Yen | ||||||||||||||||
Three months ended September 30, 2021 | 13.96 | - | |||||||||||||||
Three months ended September 30, 2020 | 25.60 | - | |||||||||||||||
(2) Consolidated financial position | |||||||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||||||
Millions of yen | Millions of yen | % | |||||||||||||||
As of September 30, 2021 | 48,660 | 17,053 | 35.0 | ||||||||||||||
As of June 30, 2021 | 45,603 | 16,924 | 37.1 | ||||||||||||||
2. Cash dividends | |||||||||||||||||
Annual dividends per share | |||||||||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |||||||||||||
Yen | Yen | Yen | Yen | Yen | |||||||||||||
Year ended June 30, 2021 | - | 0.00 | - | 8.00 | 8.00 | ||||||||||||
Year ending June 30, 2022 | - | ||||||||||||||||
Year ending June 30, 2022 (Forecast) | 0.00 | - | 8.00 | 8.00 |
3. Forecast of consolidated financial results for the year ending June 30, 2022 (from July 1, 2021 to June 30, 2022)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | |||||
owners of parent | |||||||||
Six months ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen |
7,500 | 12.1 | 1,500 | 0.0 | 1,300 | (9.1) | 1,000 | 0.5 | 46.22 | |
December 31, 2021 | |||||||||
Full year | 16,000 | 21.7 | 3,100 | 19.9 | 2,900 | 20.9 | 2,000 | 19.5 | 92.43 |
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21,636,579 shares
- shares
21,638,013 shares
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of June 30, 2021 | As of September 30, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 5,272 | 7,018 | |
Notes and accounts receivable - trade | 1,270 | 1,229 | |
Supplies | 874 | 911 | |
Consumption taxes receivable | 31 | 0 | |
Deferred income tax - non current | 508 | 627 | |
Other | 123 | 113 | |
Total current assets | 8,081 | 9,900 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures | 8,847 | 8,788 | |
Accumulated depreciation | (1,589) | (1,607) | |
Buildings and structures, net | 7,257 | 7,181 | |
Machinery, equipment and vehicles | 21,243 | 20,245 | |
Accumulated depreciation | (6,483) | (5,783) | |
Machinery, equipment and vehicles, net | 14,760 | 14,461 | |
Tools, furniture and fixtures | 236 | 242 | |
Accumulated depreciation | (156) | (164) | |
Tools, furniture and fixtures, net | 79 | 77 | |
Land | 3,229 | 3,244 | |
Leased assets | 772 | 772 | |
Accumulated depreciation | (695) | (711) | |
Leased assets, net | 77 | 61 | |
Trees | 770 | 783 | |
Construction in progress | 10,839 | 12,230 | |
Total property, plant and equipment | 37,015 | 38,039 | |
Intangible assets | |||
Right to use electricity supply facilities | 329 | 325 | |
Other | 8 | 13 | |
Total intangible assets | 338 | 339 | |
Investments and other assets | |||
Deferred tax assets | 88 | 86 | |
Other | 80 | 294 | |
Total investments and other assets | 168 | 381 | |
Total non-current assets | 37,521 | 38,760 | |
Total assets | 45,603 | 48,660 |
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(Millions of yen) | |||
As of June 30, 2021 | As of September 30, 2021 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 1,000 | 1,070 | |
Short-term borrowings | 200 | 200 | |
Current portion of long-term borrowings | 1,938 | 2,377 | |
Accounts payable - other | 1,145 | 948 | |
Current portion of long-term accounts payable-other | 70 | 3 | |
Lease obligations | 58 | 53 | |
Income taxes payable | 308 | 177 | |
Provision for bonuses | 44 | 79 | |
Provision for maintenance | 403 | 602 | |
Other | 175 | 205 | |
Total current liabilities | 5,344 | 5,717 | |
Non-current liabilities | |||
Long-term borrowings | 23,194 | 25,784 | |
Long-term accounts payable - other | 0 | - | |
Lease obligations | 32 | 20 | |
Deferred tax liabilities | 107 | 86 | |
Total non-current liabilities | 23,334 | 25,890 | |
Total liabilities | 28,678 | 31,607 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 2,292 | 2,292 | |
Capital surplus | 1,292 | 1,292 | |
Retained earnings | 13,339 | 13,468 | |
Treasury shares | - | (0) | |
Total shareholders' equity | 16,924 | 17,053 | |
Total net assets | 16,924 | 17,053 | |
Total liabilities and net assets | 45,603 | 48,660 |
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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen) | |||
Three months ended | Three months ended | ||
September 30, 2020 | September 30, 2021 | ||
Net sales | 3,511 | 3,452 | |
Cost of sales | 2,494 | 2,741 | |
Gross profit | 1,016 | 710 | |
Selling, general and administrative expenses | 195 | 252 | |
Operating profit | 820 | 457 | |
Non-operating income | |||
Interest income | 0 | 0 | |
Gain on sale of scraps | - | 1 | |
Gain on sale of non-current assets | - | 0 | |
Other | 1 | 1 | |
Total non-operating income | 1 | 3 | |
Non-operating expenses | |||
Interest expenses | 37 | 40 | |
Commission expenses | 1 | 1 | |
Other | 2 | 0 | |
Total non-operating expenses | 40 | 42 | |
Ordinary profit | 781 | 419 | |
Extraordinary income | |||
Gain on reversal of share acquisition rights | 8 | - | |
Total extraordinary income | 8 | - | |
Profit before income taxes | 789 | 419 | |
Income taxes - current | 138 | 136 | |
Income taxes - deferred | 97 | (19) | |
Total income taxes | 236 | 117 | |
Profit | 553 | 301 | |
Profit attributable to owners of parent | 553 | 301 |
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EF ON Inc. published this content on 15 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2021 06:09:05 UTC.
