August 2, 2023

Consolidated Financial Results

For the First Quarter Ended June 30, 2023

Company name： IBIDEN CO., LTD.

Stock exchange listings： Tokyo and Nagoya Stock Exchange (Code number：4062)

URL： https://www.ibiden.com/

Representative： Takeshi Aoki, President & CEO, Representative Director

Contact： Hisashi Sano, Vice President of Strategic Corporate Planning Operation (Tel. +81-584-81-3111)

Filing date of quarterly securities report： August 7, 2023

(Amounts less than one million yen are omitted)

1. Consolidated Financial Results for FY 2023 First quarter (From April 1, 2023 to June 30, 2023)

(1) Operating results

(Percentage figures indicate the change from the same period of the prior fiscal year)

Net sales

Operating profit

Ordinary profit

Profit (loss) attributable

to owners of parent

Million yen

%

Million yen

%

Million yen

%

Million yen

%

FY 2023 1st quarter

94,601

(3.8)

8,181

(54.8)

10,197

(49.6)

7,288

(46.8)

FY 2022 1st quarter

98,318

6.5

18,089

15.1

20,237

26.0

13,713

43.4

Note： Comprehensive income

FY2023 1st quarter： 27,097 million yen (-2.1%)

FY2022 1st quarter： 27,665 million yen (148.9%)

Basic earnings

Diluted earnings

per share

per share

Yen

Yen

FY 2023 1st quarter

52.19

-

FY 2022 1st quarter

98.23

-

(2) Financial positions

Total assets

Net assets

Capital adequacy ratio

Million yen

Million yen

%

FY 2023 1st quarter

848,594

449,929

52.3

FY 2022

857,508

425,606

48.9

Note： Owner's equity

As of June 30, 2023 ：

443,418 million yen

As of March 31, 2023 ：

419,238 million yen

2. Notes

  1. Material changes in subsidiaries during this period ： Yes
    Excluded: 2 companies (IBIDEN Electronics (Beijing) Co., Ltd, IBIDEN DPF France S.A.S)
  2. Applying of specific accounting of the consolidated quarterly financial statements： Yes

The provision for income taxes is computed by multiplying profit before income taxes by estimated annual effective tax rates.

(2) Changes in accounting policies, accounting estimates and retrospective restatement (ⅰ) Changes in accounting policies based on revisions of accounting standard: None

(ⅱ) Changes in accounting policies other than the above: None

(ⅲ) Changes in accounting estimates: None

(ⅳ) Retrospective restatement: None

(3) Number of shares issued and outstanding (common stock) (ⅰ) Number of shares outstanding (including treasury stock)：

As of June 30, 2023

140,860,557 shares

As of March 31, 2023

140,860,557 shares

(ⅱ) Number of treasury stock ：

As of June 30, 2023

1,199,085 shares

As of March 31, 2023

1,211,148 shares

(ⅲ) Average number of shares:：

As of June 30, 2023

139,658,708 shares

As of June 30, 2022

139,608,464 shares

  • This quarterly financial result is not subject to auditing firms' quarterly review procedure.

Consolidated balance sheet

(Million yen)

As of

As of

Increase

Jun 30,2023

Mar 31,2023

(Decrease)

Assets

Current assets

Cash and deposits

262,259

302,419

(40,160)

Notes and accounts receivable - trade, and

81,227

75,942

5,285

contract assets

Electronically recorded monetary claims

3,232

3,563

(330)

Merchandise and finished goods

22,910

30,871

(7,960)

Work in process

17,029

21,191

(4,161)

Raw materials and supplies

25,074

27,132

(2,058)

Other current assets

32,362

15,765

16,596

Allowance for doubtful accounts

(57)

(59)

2

Total current assets

444,039

476,825

(32,786)

Non-current assets

Property, plant and equipment

Buildings and structures

78,125

77,000

1,124

Machinery, equipment and vehicles

74,021

82,147

(8,125)

Land

20,581

20,360

220

Lease assets

287

253

34

Construction in progress

133,997

119,038

14,959

Other - property, plant and equipment

7,980

8,167

(187)

Total property, plant and equipment

314,993

306,967

8,026

Intangible assets

4,741

5,179

(437)

Investments and other assets

Investment securities

79,006

61,342

17,663

Long-term loans receivable

8

8

(0)

Deferred tax assets

4,124

5,533

(1,409)

Other assets

1,918

1,889

28

Allowance for doubtful accounts

(238)

(238)

0

Total investments and other assets

84,819

68,536

16,283

Total non-current assets

404,554

380,682

23,871

Total assets

848,594

857,508

(8,914)

(Continued)

(Million yen)

As of

As of

Increase

Jun 30,2023

Mar 31,2023

(Decrease)

Liabilities and net assets

Liabilities

Current liabilities

Notes and accounts payable - trade

23,739

28,262

(4,523)

Electronically recorded obligations

10,619

12,169

(1,549)

Short-term loans payable

65,030

65,030

-

Accounts payable - other

20,947

22,308

(1,360)

Income taxes payable

4,680

14,268

(9,588)

Provision for bonuses

2,304

5,138

(2,834)

Provision for bonuses for directors

-

186

(186)

Notes payable - facilities

1

1

0

Electronically recorded obligations - facilities

7,702

26,601

(18,898)

Other - current liabilities

51,328

49,354

1,973

Total current liabilities

186,354

223,321

(36,967)

Non-current liabilities

Bonds payable

100,000

100,000

-

Long-term loans payable

105,000

105,000

-

Lease obligations

174

167

6

Deferred tax liabilities for land revaluation

68

68

-

Retirement benefit liability

644

573

71

Provision for share-based compensation

554

548

6

Deferred tax liabilities

4,506

825

3,681

Other - non-current liabilities

1,362

1,398

(36)

Total non-current liabilities

212,310

208,581

3,729

Total liabilities

398,664

431,902

(33,237)

(Continued)

(Million yen)

As of

As of

Increase

Jun 30,2023

Mar 31,2023

(Decrease)

Net assets

Shareholders' equity

Capital stock

64,152

64,152

-

Capital surplus

64,494

64,494

-

Retained earnings

234,295

229,804

4,490

Treasury shares

(3,087)

(3,126)

39

Total shareholders' equity

359,854

355,324

4,529

Accumulated other comprehensive income

Valuation difference on available-for-sale

36,769

24,430

12,338

securities

Revaluation reserve for land

160

160

-

Foreign currency translation adjustment

46,634

39,323

7,311

Total accumulated other comprehensive income

83,564

63,914

19,650

Non-controlling interests

6,511

6,367

143

Total net assets

449,929

425,606

24,323

Total liabilities and net assets

848,594

857,508

(8,914)

(Concluded)

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Ibiden Co. Ltd. published this content on 02 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2023 07:03:08 UTC.