ENDO Lighting Corporation (6932)

Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results

for the Six Months Ended September 30, 2022

[Japanese GAAP]

Company name: ENDO Lighting Corporation

October 31, 2022

Stock exchange listing: Tokyo

Code number: 6932

URL: https://www.endo-lighting.co.jp

Representative: Kunihiko Endo

Representative Director and President

Contact: Masashi Sugisaka

Director, General Manager of Sales Divison and

General Manager of Corporate Administration Division

Phone: 06-6267-7095

Scheduled date of filing quarterly securities report: November 14, 2022

Scheduled date of commencing dividend payments: December 01, 2022

Availability of supplementary briefing material on quarterly financial results: Yes

Schedule of quarterly financial results briefing session: Yes

(Amounts of less than one million yen are rounded down)

1. Consolidated Financial Results for the Six Months Ended September 30, 2022 (April 01, 2022 to September 30, 2022)

(1) Consolidated Operating Results

(% indicates changes from the previous corresponding period.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Six months ended

Million yen

%

Million yen

%

Million yen

%

Million yen

%

September 30, 2022

21,187

11.8

1,166

(28.9)

1,706

(8.3)

962

(29.9)

September 30, 2021

18,952

21.8

1,640

273.0

1,860

209.7

1,374

281.7

(Note) Comprehensive income:

Six months ended September 30, 2022:

Six months ended September 30, 2021:

¥

2,680 million

[

17.7%]

¥

2,276 million

[

-%]

Basic earnings

Diluted earnings per

per share

share

Six months ended

Yen

Yen

September 30, 2022

65.16

-

September 30, 2021

93.01

-

(2) Consolidated Financial Position

Total assets

Net assets

Capital adequacy ratio

As of

Million yen

Million yen

%

September 30, 2022

55,645

30,702

55.2

March 31, 2022

55,595

28,243

50.8

(Reference) Equity: As of

September 30, 2022:

¥

30,702 million

As of

March 31, 2022:

¥

28,243 million

ENDO Lighting Corporation (6932)

2. Dividends

Annual dividends

1st

2nd

3rd

Year-end

Total

quarter-end

quarter-end

quarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2022

-

7.50

-

15.00

22.50

Fiscal year ending March 31, 2023

-

15.00

Fiscal year ending March 31, 2023

-

15.00

30.00

(Forecast)

(Note) Revision to the forecast for dividends

announced most

recently:

No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023(April 01, 2022 to March 31, 2023)

(% indicates changes from the previous corresponding period.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

Basic earnings

owners of parent

per share

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

Full year

43,000

5.8

2,500

(34.7)

2,700

(36.5)

1,900

(42.9)

128.59

(Note) Revision to the financial results forecast announced most recently:

No

* Notes:

(1) Changes in significant subsidiaries during the six months ended September 30, 2022

(changes in specified subsidiaries resulting in changes in scope of consolidation):

No

(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:

No

  1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
    1. Changes in accounting policies due to the revision of accounting standards: No
    2. Changes in accounting policies other than 1) above: No
    3. Changes in accounting estimates: No
    4. Retrospective restatement: No
  3. Total number of issued shares (common shares)
    1. Total number of issued shares at the end of the period (including treasury shares):

September 30, 2022:

14,776,321

shares

March 31, 2022:

14,776,321

shares

2) Total number of treasury shares at the end of the period:

September 30, 2022:

152

shares

March 31, 2022:

152

shares

3) Average number of shares during the period:

Six months ended September 30, 2022:

14,776,169

shares

Six months ended September 30, 2021:

14,776,226

shares

  • This financial report is not subject to audits by certified public accountants or auditing corporations.
  • Explanation on proper use of financial results forecasts, and other special matters

(Cautionary note concerning forward-looking statements)

The forward-looking statements, including the financial results forecasts, contained in this document are based on information currently available to the Company and on certain assumptions deemed to be reasonable. These statements do not purport that the Company pledges to achieve the stated performance. Actual results may differ substantially due to various factors.

(Where to obtain this supplemental explanation materials)

The Company plans to hold a briefing for analysts and institutional investors on Thursday, November 17,2022. Supplemental materials will be posted on the Company's website promptly after the briefing.

ENDO Lighting Corporation (6932)

Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

(Million yen)

As of March 31,2022

As of September 30,2022

Assets

Current assets

Cash and deposits

10,787

10,819

Notes and accounts receivable - trade

7,527

7,854

Merchandise and finished goods

12,039

11,636

Work in process

174

82

Raw materials and supplies

1,043

1,112

Other

1,883

1,824

Allowance for doubtful accounts

(87)

(97)

Total current assets

33,368

33,232

Non-current assets

Property, plant and equipment

Buildings and structures

9,329

9,648

Accumulated depreciation

(4,555)

(4,862)

Buildings and structures, net

4,773

4,786

Machinery, equipment and vehicles

3,308

3,470

Accumulated depreciation

(2,788)

(2,949)

Machinery, equipment and vehicles, net

519

521

Rental assets

14,579

14,973

Accumulated depreciation

(8,162)

(8,349)

Rental assets, net

6,417

6,623

Land

3,468

3,478

Leased assets

1,135

1,148

Accumulated depreciation

(944)

(999)

Leased assets, net

190

148

Construction in progress

514

501

Other

3,505

3,716

Accumulated depreciation

(2,984)

(3,173)

Other, net

521

542

Total property, plant and equipment

16,405

16,601

Intangible assets

Software

362

398

Goodwill

2,465

2,508

Other

94

102

Total intangible assets

2,922

3,010

Investments and other assets

Investment securities

68

64

Retirement benefit asset

66

89

Deferred tax assets

974

1,010

Other

1,915

1,712

Allowance for doubtful accounts

(125)

(75)

Total investments and other assets

2,899

2,801

Total non-current assets

22,227

22,413

Total assets

55,595

55,645

ENDO Lighting Corporation (6932)

(Million yen)

As of March 31,2022

As of September 30,2022

Liabilities

Current liabilities

Notes and accounts payable - trade

5,058

3,657

Short-term borrowings

2,500

2,450

Current portion of long-term borrowings

4,764

4,674

Lease liabilities

149

101

Income taxes payable

552

340

Provision for bonuses

597

279

Provision for bonuses for directors (and other

193

124

officers)

Provision for product warranties

634

771

Other

2,170

2,581

Total current liabilities

16,621

14,980

Non-current liabilities

Long-term borrowings

8,503

7,851

Lease liabilities

97

71

Deferred tax liabilities

734

881

Provision for retirement benefits for directors (and

453

112

other officers)

Retirement benefit liability

227

258

Other

714

787

Total non-current liabilities

10,731

9,963

Total liabilities

27,352

24,943

Net assets

Shareholders' equity

Share capital

5,155

5,155

Capital surplus

5,516

5,516

Retained earnings

15,886

16,627

Treasury shares

(0)

(0)

Total shareholders' equity

26,558

27,299

Accumulated other comprehensive income

Valuation difference on available-for-sale

10

8

securities

Deferred gains or losses on hedges

113

98

Foreign currency translation adjustment

1,628

3,353

Remeasurements of defined benefit plans

(67)

(58)

Total accumulated other comprehensive income

1,684

3,402

Non-controlling interests

0

0

Total net assets

28,243

30,702

Total liabilities and net assets

55,595

55,645

ENDO Lighting Corporation (6932)

Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statements of Income (For the six months)

(Million yen)

For the six months

For the six months

ended September 30,2021

ended September 30,2022

Net sales

18,952

21,187

Cost of sales

11,579

13,723

Gross profit

7,373

7,463

Selling, general and administrative expenses

5,732

6,297

Operating profit

1,640

1,166

Non-operating income

Interest and dividend income

36

32

Rental income

68

70

Foreign exchange gains

215

533

Other

10

38

Total non-operating income

332

675

Non-operating expenses

Interest expenses

59

49

Rental costs

35

37

Loss on valuation of derivatives

-

30

Other

16

18

Total non-operating expenses

112

135

Ordinary profit

1,860

1,706

Extraordinary income

Gain on sale of non-current assets

0

1

Total extraordinary income

0

1

Extraordinary losses

Retirement benefits for directors (and other officers)

-

338

Other

-

0

Total extraordinary losses

-

338

Profit before income taxes

1,860

1,369

Income taxes - current

408

280

Income taxes - deferred

77

126

Total income taxes

486

406

Profit

1,374

962

Profit (loss) attributable to non-controlling interests

(0)

0

Profit attributable to owners of parent

1,374

962

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Endo Lighting Corporation published this content on 31 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2022 07:19:07 UTC.