HALOWS CO.,LTD. Non-consolidated Financial Results
for the Six Months Ended August 31, 2021
[Japanese GAAP]
September 28, 2021
Company name: Halows Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Code number: 2742
URL: https://www.halows.com/en/
Representative: Toshiyuki Sato, President and Chief Executive Officer
Contact: Hidenori Hanaoka, Senior Managing Director and General Manager of Administrative Groups
Phone: +81-86-483-1011
Scheduled date of filing quarterly securities report: October 12, 2021
Scheduled date of commencing dividend payments: November 5, 2021
Availability of supplementary explanatory materials on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Scheduled (for institutional investors and analysts)
(Amounts of less than one million yen are rounded down.)
1. Non-consolidated Financial Results for the Six Months Ended August 31, 2021 (March 1, 2021 - August 31, 2021)
(1) Non-consolidated Operating Results (cumulative) (% indicates changes from the previous corresponding period.)
Operating income* | Operating profit | Ordinary profit | Profit | |||||||
Six months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||
August 31, 2021 | 80,880 | 5.5 | 4,020 | 3.7 | 4,022 | 4.1 | 2,728 | 1.6 | ||
August 31, 2020 | 76,651 | 15.5 | 3,874 | 55.9 | 3,864 | 56.4 | 2,686 | 61.5 | ||
Basic earnings | Diluted earnings | |||||||||
per share | per share | |||||||||
Six months ended | Yen | Yen | ||||||||
August 31, 2021 | 127.77 | 127.45 | ||||||||
August 31, 2020 | 135.76 | 135.41 |
* Operating income is the sum of net sales and operating revenue.
(2) Non-consolidated Financial Position
Total assets | Net assets | Equity ratio | |
Million yen | Million yen | % | |
As of August 31, 2021 | 85,497 | 46,571 | 54.3 |
As of February 28, 2021 | 90,845 | 44,217 | 48.5 |
(Reference) Equity: As of August 31, 2021: ¥46,459 million As of February 28, 2021: ¥44,087 million
2. Dividends
Annual dividends per share | ||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Year-end | Total | ||||
Yen | Yen | Yen | Yen | Yen | ||||
Fiscal year ended | - | 16.00 | - | 18.00 | 34.00 | |||
February 28, 2021 | ||||||||
Fiscal year ending | - | 18.00 | ||||||
February 28, 2022 | ||||||||
Fiscal year ending | ||||||||
February 28, 2022 | - | 18.00 | 36.00 | |||||
(Forecast) |
(Note 1) Revision to the forecast for dividends announced most recently: None
(Note 2) The year-end dividend of 18 yen for the fiscal year ended February 28, 2021 includes a commemorative dividend of 2 yen for achieving operating income of 150 billion yen.
3. Non-consolidated Financial Results Forecasts for the Fiscal Year Ending February 28, 2022 (March 1, 2021 - February 28, 2022)
(% indicates changes from the previous corresponding period.)
Operating income | Operating profit | Ordinary profit | Profit | Basic earnings | |||||
per share | |||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
Full year | 156,800 | 3.2 | 7,330 | (3.6) | 7,300 | (3.7) | 4,920 | (10.5) | 230.39 |
(Note) Revision to the financial results forecasts announced most recently: None
* Notes:
-
Accounting methods adopted particularly for the preparation of quarterly non-consolidated financial statements: Yes
(Note) For details, please see "2. Quarterly Non-consolidated Financial Statements and Principal Notes (4) Notes to Quarterly Non-consolidated Financial Statements (Accounting methods adopted particularly for the preparation of quarterly non-consolidated financial statements)" on page 7 of the attached documents (available in Japanese only). - Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: None
- Changes in accounting policies other than 1) above: None
- Changes in accounting estimates: None
- Retrospective restatement: None
- Total number of issued and outstanding shares (common shares)
- Total number of issued and outstanding shares at the end of the period (including treasury shares):
As of August 31, 2021: | 21,423,900 shares |
As of February 28, 2021: | 21,423,900 shares |
2) Total number of treasury shares at the end of the period: | |
As of August 31, 2021: | 62,317 shares |
As of February 28, 2021: | 74,617 shares |
3) Average number of shares during the period (cumulative from the beginning of the fiscal year):
Six months ended August 31, 2021: | 21,355,366 shares |
Six months ended August 31, 2020: | 19,790,045 shares |
- These quarterly non-consolidated financial results are outside the scope of quarterly review by certified public accountants or an audit firm.
- Explanation of the proper use of financial results forecasts and other notes
- The financial results forecasts and other forward-looking statements contained in this document are based on the information available to the Company and certain assumptions deemed to be reasonable as of the date of publication of this document, and actual results may differ significantly due to various factors. For the assumptions that the financial results forecasts are based on and cautionary notes on the use of the forecasts, please see "1. Qualitative Information on Quarterly Financial Results (3) Explanation of Non-consolidated Financial Results Forecasts and Other Forward-looking Information" on page 2 of the attached documents (available in Japanese only).
- The Company plans to hold a financial results briefing session for institutional investors and analysts on October 7, 2021. Materials for the session will be posted on the Company's website immediately after the session.
2. Quarterly Non-consolidated Financial Statements and Principal Notes
(1) Quarterly Non-consolidated Balance Sheets
(Million yen) | |||
As of February 28, 2021 | As of August 31, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 21,568 | 14,085 | |
Accounts receivable - trade | 544 | 825 | |
Merchandise | 3,185 | 3,321 | |
Supplies | 4 | 4 | |
Other | 2,567 | 2,262 | |
Allowance for doubtful accounts | (3) | (3) | |
Total current assets | 27,866 | 20,494 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures | 49,567 | 51,992 | |
Accumulated depreciation | (19,922) | (20,850) | |
Buildings and structures, net | 29,645 | 31,141 | |
Land | 17,247 | 17,647 | |
Other | 12,359 | 12,969 | |
Accumulated depreciation | (7,458) | (7,823) | |
Other, net | 4,901 | 5,145 | |
Total property, plant and equipment | 51,795 | 53,934 | |
Intangible assets | |||
Other | 389 | 341 | |
Total intangible assets | 389 | 341 | |
Investments and other assets | |||
Leasehold and guarantee deposits | 2,743 | 2,733 | |
Construction assistance fund receivables | 1,478 | 1,419 | |
Long-term prepaid expenses | 4,833 | 4,831 | |
Other | 1,739 | 1,741 | |
Total investments and other assets | 10,794 | 10,726 | |
Total non-current assets | 62,978 | 65,002 | |
Total assets | 90,845 | 85,497 |
1
(Million yen) | |||
As of February 28, 2021 | As of August 31, 2021 | ||
Liabilities | |||
Current liabilities | |||
Accounts payable - trade | 14,868 | 10,011 | |
Current portion of long-term borrowings | 3,622 | 3,463 | |
Lease obligations | 612 | 559 | |
Accounts payable - other | 2,077 | 1,079 | |
Accrued expenses | 1,403 | 1,616 | |
Advances received | 1,694 | 1,720 | |
Income taxes payable | 1,663 | 1,418 | |
Provision for point card certificates | 570 | 601 | |
Other | 1,266 | 1,107 | |
Total current liabilities | 27,779 | 21,578 | |
Non-current liabilities |
Long-term borrowings
Lease obligations
Provision for retirement benefits
Asset retirement obligations
Deposits for construction assistance fund receivables
Long-term leasehold and guarantee deposits received
Long-term unearned revenue
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
11,718 | 10,041 | ||
935 | 878 | ||
704 | 725 | ||
1,408 | 1,458 | ||
953 | 1,015 | ||
1,872 | 1,981 | ||
928 | 937 | ||
328 | 308 | ||
18,849 | 17,347 | ||
46,628 | 38,925 | ||
Share capital | 5,430 | 5,430 | |
Capital surplus | 5,374 | 5,379 | |
Retained earnings | 33,415 | 35,759 | |
Treasury shares | (133) | (111) | |
Total shareholders' equity | 44,086 | 46,458 | |
Valuation and translation adjustments | |||
Valuation difference on available-for-sale securities | 0 | 0 | |
Total valuation and translation adjustments | 0 | 0 | |
Share acquisition rights | 129 | 111 | |
Total net assets | 44,217 | 46,571 | |
Total liabilities and net assets | 90,845 | 85,497 |
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Halows Co. Ltd. published this content on 28 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2021 06:11:01 UTC.
