FURUKAWA ELECTRIC CO., LTD. Financial Summary for First Half of the Fiscal Year
Ending March 31, 2024 [Japanese Accounting Standards] (Consolidated)
November 9, 2023 | |||||
Name of listed company: | FURUKAWA ELECTRIC CO., LTD. | Stock Listings: | Tokyo | ||
Code No.: | 5801 | URL: | https://www.furukawa.co.jp/en/ | ||
Company Representative: | (Title) | President | (Name) Hideya Moridaira | ||
Inquiries: | (Title) | General Manager of Investor Relations Department, Finance & Accounting Division | |||
(Name) | Hiroko Takita | TEL: +81-3-6281-8540 | |||
Planned date for submissions of quarterly report: | November 14, 2023 Scheduled day of commencing dividend: - | ||||
Supplementary documents for quarterly results: Yes | |||||
Quarterly results briefing: | Yes (for institutional investors, analysts, and the media) |
(Figures are rounded down to the nearest one million yen.)
1. Consolidated earnings for first half of the fiscal year ending March 31, 2024 (April 1, 2023 through September 30, 2023)
(1) Consolidated business results | (Figures in percentages denote the year-on-year change.) | ||||||||||||
Net income | |||||||||||||
Net sales | Operating income | Ordinary income | attributable to owners | ||||||||||
of the parent company | |||||||||||||
1st half of the fiscal year | Million yen | ％ | Million yen | ％ | Million yen | ％ | Million yen | ％ | |||||
503,110 | (4.1) | (4,612) | - | (3,616) | - | (4,146) | - | ||||||
ending March 31, 2024 | |||||||||||||
1st half of the fiscal year | 524,527 | 17.3 | 4,585 | (36.7) | 12,106 | - | 6,326 | - | |||||
ended March 31, 2023 | |||||||||||||
(Note) Comprehensive income: | |||||||||||||
1st half of the fiscal year ending March 31, 2024: 12,779 Million yen [(41.2%)] | |||||||||||||
1st half of the fiscal year ended March 31, 2023: 21,726 Million yen [ -% ] | |||||||||||||
Net income per | Fully diluted net | ||||||||||||
share | income per share | ||||||||||||
1st half of the fiscal year ending March 31, 2024 | Yen | Yen | |||||||||||
(58.88) | － | ||||||||||||
1st half of the fiscal year ended March 31, 2023 | 89.87 | － |
(Note) UACJ Corporation, an equity-method affiliate, has adopted International Financial Reporting Standards (IFRS) for its consolidated financial statements from the first quarter of the fiscal year ending March 31, 2024, in place of the previous Japanese GAAP. The relevant figures for the first quarter of the fiscal year ending March 31, 2023 are retrospectively adjusted to reflect the change in accounting policy. Percentage changes from the same period of the previous year are not shown in the related figures.
(2) Consolidated financial status
Total assets | Net assets | Capital ratio | |
1st half of the fiscal year ending March | Million yen | Million yen | ％ |
967,014 | 335,851 | 31.8 | |
31, 2024 | |||
Fiscal year ended March 31, 2023 | 933,469 | 329,095 | 32.3 |
(Reference) Shareholders' equity: |
1st half of the fiscal year ending March 31, 2024: 307,612 million yen
Fiscal year ended March 31, 2023: 301,652 million yen
(Note) UACJ Corporation, an equity-method affiliate, has adopted International Financial Reporting Standards (IFRS) for its consolidated financial statements from the first quarter of the fiscal year ending March 31, 2024, in place of the previous Japanese GAAP. The relevant figures for the first quarter of the fiscal year ending March 31, 2023 are retrospectively adjusted to reflect the change in accounting policy.
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2. Dividends
Dividend per share | |||||
End of 1st | End of 2nd | End of 3rd | End of year | Total | |
Quarter | quarter | quarter | |||
Yen | Yen | Yen | Yen | Yen | |
Fiscal year ended March 31, 2023 | － | 0.00 | － | 80.00 | 80.00 |
Fiscal year ending March 31, 2024 | － | 0.00 | |||
Fiscal year ending March 31, 2024 | － | 60.00 | 60.00 | ||
(forecast) | |||||
(Note) Revision of forecast dividends in | the quarter under | review: No |
3. Financial forecasts of consolidated operating results for fiscal year ending March 31, 2024 (April 1, 2023 to March 31, 2024)
(Percentages indicate the rate of increase or decrease from the previous year.)
Net income | |||||||||
Net sales | Operating income | Ordinary income | attributable to | Net income | |||||
owners of the | per share | ||||||||
parent company | |||||||||
Full year | Million yen | ％ | Million yen | ％ | Million yen | ％ | Million yen | ％ | Yen |
1,040,000 | (2.5) | 5,000 | (67.6) | 4,000 | (76.8) | 0 | (100.0) | 0.00 |
(Note) Revision of forecast dividends in the quarter under review: Yes
Concerning the details, please refer to the announcement "Notice Regarding the Full-Year Earnings Forecast for the Fiscal Year Ending March 31, 2024" issued on November 9, 2023.
* Noted items
-
Any change in important subsidiaries during the term: No
(Any changes in specific subsidiaries accompanied by a change in the scope of consolidation)
Newly consolidated: -- company (company name: ) | Excluded: -- company (company name: ) |
- Adoption of accounting methods unique to the preparation of quarterly consolidated financial statements: No
- Any changes in accounting policy or accounting estimates, and restatements
1) | Changes in accounting policy associated with revisions to accounting standards: | No |
2) | Changes in accounting policy other than the changes in item 1): | Yes |
3) | Changes in accounting estimates: | No |
4) | Restatements: | No |
- Number of shares issued (common stock)
- Number of shares issued at the end of the term (including treasury stock)
First half of the fiscal year ending March 31, 2024: | 70,666,917 | shares | |
Fiscal year ended March 31, 2023: | 70,666,917 | shares | |
2) | Number of treasury stock at the end of the term | ||
First half of the fiscal year ending March 31, 2024: | 207,918 | shares | |
Fiscal year ended March 31, 2023: | 272,054 | shares | |
3) | Average number of shares outstanding during the term (cumulative total for the quarter) | ||
First half of the fiscal year ending March 31, 2024: | 70,426,938 | shares | |
First half of the fiscal year ended March 31, 2023: | 70,389,797 | shares |
(Note) The number of treasury shares at the end of the term and the number of treasury shares deducted in calculating the average number of shares during the year include the Company's stock held in the trust account relating to Board Benefit Trust (BBT).
- This financial summary is not subject to auditing procedures.
- Explanation about the proper use of financial forecasts and other special remarks
The above forecasts have been prepared based on information available at the time of the announcement and assumptions at the time of the announcement associated with uncertain factors that may affect the Company's performance in the future. Actual results may differ materially from the forecasts presented in this document, depending on various factors in the future.
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Furukawa Electric Co. Ltd. published this content on 09 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2023 14:17:53 UTC.
