GOLDWIN INC. Notice: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
May 12, 2023
Summary of Consolidated Financial Results
for the Year Ended March 31, 2023
(Based on Japanese GAAP)
Company name: | GOLDWIN INC. | |
Stock exchange listing: | Tokyo | |
Securities code: | 8111 | |
URL: | https://corp.goldwin.co.jp/eng/ | |
Representative: | Takao Watanabe, President and Representative Director | |
Inquiries: | Michio Shirasaki, Senior Managing Director, Director-General Administration | |
TEL: | +81-3-3481-7203 | |
Scheduled date of annual general meeting of shareholders: | June 28, 2023 | |
Scheduled date to commence dividend payments: | June 13, 2023 | |
Scheduled date to file Securities Report: | June 28, 2023 | |
Preparation of supplementary material on financial results: | Yes | |
Holding of financial results meeting: | 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, 2023 (from April 1, 2022 to March 31, 2023)
(1) Consolidated operating results | (Percentages indicate year-on-year changes) | |||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||||
owners of parent | ||||||||||||||
Year ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||
March 31, 2023 | 115,052 | 17.1 | 21,904 | 32.7 | 28,083 | 38.4 | 20,977 | 46.2 | ||||||
March 31, 2022 | 98,235 | 8.6 | 16,501 | 11.2 | 20,285 | 26.9 | 14,350 | 33.7 | ||||||
Note: Comprehensive income | Year ended March 31, 2023: | ¥22,621 million | [47.2%] | |||||||||||
Year ended March 31, 2022: | ¥15,365 million | [34.0%] | ||||||||||||
Earnings per | Diluted earnings | Profit attributable | Ordinary | Operating | ||||||||||
to owners of | ||||||||||||||
share | per share | profit/total assets | profit/net sales | |||||||||||
parent/equity | ||||||||||||||
Year ended | Yen | Yen | % | % | % | |||||||||
March 31, 2023 | 465.69 | - | 29.3 | 25.8 | 19.0 | |||||||||
March 31, 2022 | 316.30 | - | 24.7 | 21.3 | 16.8 | |||||||||
Reference: Share of profit (loss) of entities accounted for using equity method | ||||||||||||||
Year ended March 31, 2023: | ¥5,891 million | |||||||||||||
Year ended March 31, 2022: | ¥3,669 million |
- 1 -
(2) Consolidated financial position
Total assets | Net assets | |
As of | Millions of yen | Millions of yen |
March 31, 2023 | 118,517 | 80,056 |
March 31, 2022 | 99,085 | 63,411 |
Reference: Equity | ||
As of March 31, 2023 | ¥79,914 million | |
As of March 31, 2022 | ¥63,278 million |
Equity ratio
%
67.4
63.9
Net assets per share
Yen
1,774.20
1,398.56
(3) Consolidated cash flows
Cash flows from | Cash flows from | |
operating activities | investing activities | |
Year ended | Millions of yen | Millions of yen |
March 31, 2023 | 20,222 | (3,381) |
March 31, 2022 | 18,049 | (1,567) |
Cash flows from
financing activities
Millions of yen
(7,725)
(11,853)
Cash and cash
equivalents at end of
period
Millions of yen
34,207
25,036
2. Cash dividends
Annual dividends per share | Total cash | Dividend | Ratio of | |||||
1st | 2nd | 3rd | dividends to | |||||
Fiscal | dividends | payout ratio | ||||||
quarter- | quarter- | quarter- | Total | net assets | ||||
year-end | (Total) | (Consolidated) | ||||||
end | end | end | (Consolidated) | |||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |
Year ended March | - | 20.00 | - | 65.00 | 85.00 | 3,980 | 26.9 | 6.3 |
31, 2022 | ||||||||
Year ended March | - | 25.00 | - | 85.00 | 110.00 | 5,116 | 23.5 | 6.4 |
31, 2023 | ||||||||
Year ending March | - | 30.00 | - | 85.00 | 115.00 | 23.9 | ||
31, 2024 (Forecast) | ||||||||
3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
(Percentages indicate year-on-year changes)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per | ||||||
owners of parent | share | |||||||||
Millions of | % | Millions of | % | Millions of | % | Millions of | % | Yen | ||
yen | yen | yen | yen | |||||||
Six months ending | 48,900 | 7.9 | 5,200 | (1.5) | 7,300 | (2.0) | 5,900 | 1.0 | 130.97 | |
September 30, 2023 | ||||||||||
Full year | 123,000 | 6.9 | 22,600 | 3.2 | 28,200 | 0.4 | 21,700 | 3.4 | 481.72 |
- 2 -
* Notes
- Changes in significant subsidiaries during the year ended March 31, 2023 (changes in specified subsidiaries resulting in the change in scope of consolidation): No
- 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: Yes
- Changes in accounting policies due to other reasons: No
- Changes in accounting estimates: No
- Restatement of prior period financial statements: No
- Number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2023 | 47,448,172 | shares |
As of March 31, 2022 | 47,448,172 | shares |
(ii) Number of treasury shares at the end of the period
As of March 31, 2023 | 2,405,807 | shares |
As of March 31, 2022 | 2,202,276 | shares |
(iii) Average number of shares during the period
Year ended March 31, 2023 | 45,046,839 | shares |
Year ended March 31, 2022 | 45,370,540 | shares |
[Reference] Overview of non-consolidated financial results
1. Non-consolidated financial results for the year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)
(1) Non-consolidated operating results | (Percentages indicate year-on-year changes) | |||||||
Net sales | Operating profit | Ordinary profit | Profit | |||||
Year ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % |
March 31, 2023 | 104,639 | 21.9 | 19,448 | 38.6 | 24,707 | 41.3 | 18,454 | 54.4 |
March 31, 2022 | 85,838 | 7.9 | 14,029 | 11.5 | 17,484 | 19.8 | 11,951 | 16.5 |
Earnings per share | Diluted earnings per | |||||||
share | ||||||||
Year ended | Yen | Yen | ||||||
March 31, 2023 | 409.68 | - | ||||||
March 31, 2022 | 263.41 | - | ||||||
- 3 -
(2) Non-consolidated financial position
Total assets | Net assets | |
As of | Millions of yen | Millions of yen |
March 31, 2023 | 90,579 | 54,788 |
March 31, 2022 | 74,543 | 42,065 |
Reference: Equity | ||
As of March 31, 2023: | ¥54,788 million | |
As of March 31, 2022: | ¥42,065 million |
Equity ratio
%
60.5
56.4
Net assets per share
Yen
1,216.37
929.71
2. Forecast of non-consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
(Percentages indicate year-on-year changes)
Net sales | Operating profit | Ordinary profit | Profit | Earnings per | ||||||
share | ||||||||||
Millions of | % | Millions of | % | Millions of | % | Millions of | % | Yen | ||
yen | yen | yen | yen | |||||||
Six months ending | 44,900 | 9.8 | 4,700 | 6.8 | 5,900 | (8.4) | 4,600 | (11.8) | 102.12 | |
September 30, 2023 | ||||||||||
Full year | 113,500 | 8.5 | 20,800 | 6.9 | 24,700 | (0.0) | 18,700 | 1.3 | 415.12 |
- Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
-
Proper use of financial forecasts, and other special matters
Descriptions of the above financial forecasts and other data are based on information currently available to the Company and certain assumptions that we consider to be reasonable. Actual financial results may differ significantly from the forecasts for various reasons.
- 4 -
Consolidated Financial Statements
(1) Consolidated balance sheet
(Millions of yen) | |||
As of March 31, 2022 | As of March 31, 2023 | ||
Assets | |||
Current assets | |||
Cash and deposits | 26,406 | 35,654 | |
Notes receivable - trade | 630 | 524 | |
Electronically recorded monetary claims - operating | 2,797 | 4,302 | |
Accounts receivable - trade | 10,402 | 11,474 | |
Merchandise and finished goods | 12,554 | 13,550 | |
Work in process | 326 | 352 | |
Raw materials and supplies | 542 | 725 | |
Other | 1,841 | 2,610 | |
Allowance for doubtful accounts | (13) | (11) | |
Total current assets | 55,486 | 69,184 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 1,718 | 2,160 | |
Machinery, equipment and vehicles, net | 269 | 281 | |
Land | 4,691 | 4,691 | |
Leased assets, net | 1,138 | 1,281 | |
Other, net | 823 | 429 | |
Total property, plant and equipment | 8,642 | 8,844 | |
Intangible assets | |||
Software | 912 | 877 | |
Trademark right | 1,490 | 1,205 | |
Software in progress | 635 | 1,135 | |
Other | 54 | 72 | |
Total intangible assets | 3,093 | 3,290 | |
Investments and other assets | |||
Investment securities | 24,060 | 28,895 | |
Long-term loans receivable | 45 | 45 | |
Retirement benefit asset | 1,637 | 1,470 | |
Guarantee deposits | 2,708 | 2,849 | |
Distressed receivables | 70 | 19 | |
Deferred tax assets | 1,608 | 1,342 | |
Other | 1,920 | 2,712 | |
Allowance for doubtful accounts | (188) | (137) | |
Total investments and other assets | 31,862 | 37,197 | |
Total non-current assets | 43,598 | 49,332 | |
Total assets | 99,085 | 118,517 |
- 5 -
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Disclaimer
Goldwin Inc. published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 00:46:04 UTC.
