ISHIHARA SANGYO KAISHA,LTD. Summary of Consolidated Financial Statements
for Third Quarter of Fiscal Year Ending March 31, 2023(Japan GAAP)
February 10, 2023 | ||||
Listed Exchanges: TSE | ||||
Name of Listed Company: Ishihara Sangyo Kaisha, Ltd. | ||||
Code: | 4028 | URL https://www.iskweb.co.jp/ | ||
Representative: | (Title) Executive Director President | (Name) Hideo Takahashi | ||
Contact: | (Title) Director | (Name) Yasunobu Kawazoe | Tel +81-6-6444-1850 |
Scheduled date of securities report submission: February 13, 2023
Scheduled date of dividend payment commencement: -
(Any amount less than one million yen is rounded down to the nearest million yen or nil.)
1. Consolidated Financial Results for Third Quarter of Fiscal Year Ended March 31,2023(April 1,2022 to December 31, 2022)
- Consolidated Operating Results
(Percentages represent changes from same period in previous year.)
Net sales | Operating income | Ordinary income | Net income | |||||||||||||||
millions of yen | % | millions of yen | % | millions of yen | % | millions of yen | % | |||||||||||
3Q, 2022 | 94,174 | 19.3 | 3,811 | -35.7 | 5,510 | -9.4 | 3,012 | -36.8 | ||||||||||
3Q, 2021 | 78,947 | 16.3 | 5,925 | ⎯ | 6,083 | ⎯ | 4,768 | ⎯ | ||||||||||
(Note) Comprehensive income: | As of December 31, 2022: 5,317 million yen (-1.4%) | |||||||||||||||||
As of December 31,2021: 5,394 million yen ( ⎯ %) | ||||||||||||||||||
Net income per share | Net income per share after full dilution | |||||||||||||||||
Yen | Yen | |||||||||||||||||
3Q, 2022 | 75.56 | ⎯ | ||||||||||||||||
3Q, 2021 | 119.34 | ⎯ | ||||||||||||||||
(2) Consolidated Financial Position | ||||||||||||||||||
Total assets | Net assets | Capital adequacy ratio | ||||||||||||||||
millions of yen | Millions of yen | % | ||||||||||||||||
3Q, 2022 | 199,136 | 94,982 | 47.7 | |||||||||||||||
Year ended March 31, 2022 | 185,758 | 91,869 | 49.5 | |||||||||||||||
(Reference) Equity capital: | As of December 31, 2022: 94,982million yen | |||||||||||||||||
As of March 31, 2022: 91,869 million yen | ||||||||||||||||||
2. Dividends | ||||||||||||||||||
Dividends per share | ||||||||||||||||||
(Record date) | June 30 | September 30 | December 31 | March 31 | Annual | |||||||||||||
(Q1-end) | (Q2-end) | (Q3-end) | (Year-end) | |||||||||||||||
Yen | Yen | Yen | Yen | Yen | ||||||||||||||
Year ended March 31, 2022 | ⎯ | 0.00 | ⎯ | 36.00 | 36.00 | |||||||||||||
Year ended March 31, 2023 | ⎯ | 0.00 | ⎯ | |||||||||||||||
Year ending March 31, 2023 | 40.00 | 40.00 | ||||||||||||||||
(Forecast) | ||||||||||||||||||
(Note) 1. Modification in the dividend forecast for current quarter: No modification |
3. Forecast for Consolidated Results for the Full Year Ending March 31, 2023 (April 1, 2022 - March 31, 2023)
(Percentages represent forecasted changes from the previous year for the full year results, and forecasted changes from the same period in the previous year for the interim results.)
Net sales | Operating income | Ordinary income | Net income | Earnings per share | |||||||
millions | % | millions | % | millions | % | millions | % | Yen | |||
of yen | of yen | of yen | of yen | ||||||||
Full year | 132,000 | 19.0 | 7,000 | -39.4 | 8,800 | -33.7 | 5,100 | -56.4 | 128.38 | ||
(Note) Modification in the dividend forecast for current quarter: Modification |
(Note) The company made a resolution at a Board of Directors meeting held November 10,2022 to repurchase of treasury stock. Net income per share in the forecast of consolidated financial results for FY2022 takes into account the effect of such repurchase of treasury stock until December 31,2022.
- This is an English translation of Summary originally written in Japanese and disclosed to TSE. For official purposes, the Japanese version takes preference over this English translation
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4. Other information
-
Significant changes in subsidiaries during the period
(changes in specified subsidiaries resulting in the change in consolidation scope): No change - Adoption of simplified accounting treatment and special accounting treatment for quarterly consolidated statement: Not adopted
- Changes in accounting principles, procedures, and the method of presentation
1) Changes due to revisions of accounting standards etc. | : Not adopted | |
2) | Changes other than those defined in 1) above | : Not adopted |
3) | Changes in accounting procedures | : Not adopted |
4) | Changes in the method of presentation | : Not adopted |
(4) Issued shares (common shares) | ||
1) | Issued shares as of period-end (including repurchased treasury shares) | |
As of December 31, 2022: 40,383,943 shares | As of March 31, 2022: 40,383,943 shares | |
2) | Number of shares of treasury stock as of period-end | |
As of December 31, 2022: 1,141,323 shares | As of March 31, 2022: 430,740 shares | |
3) Average number of outstanding shares during period | ||
3Q 2022: 39,868,212 shares | 3Q 2021: 39,955,201 shares |
*Quarterly financial results are outside the scope of quarterly review.
*Notes on proper use of forecast and other matters
The forecast of financial results presented in this document is the result of management's assessment based upon currently available assumptions, prospects and plans for the future. Actual results and dividend payments may differ from these forecasts, due to risks and uncertain factors, such as the global economy, competition, and foreign currency fluctuations.
- This is an English translation of Summary originally written in Japanese and disclosed to TSE. For official purposes, the Japanese version takes preference over this English translation
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5. Consolidated Financial Statements
(1) Consolidated Balance Sheet
(Unit: millions of yen) | ||
Account Category | As of March 31, 2022 | As of December 31, 2022 |
(summary) | ||
Assets | ||
Current assets | ||
Cash and deposits | 27,073 | 19,731 |
Notes and accounts receivable-trade and contract assets | 33,736 | 35,513 |
Merchandise and finished goods | 32,813 | 35,156 |
Work in process | 4,633 | 7,218 |
Raw materials and supplies | 20,051 | 31,841 |
Other | 4,190 | 7,333 |
Allowance for doubtful accounts | -1,109 | -1,150 |
Total current assets | 121,389 | 135,645 |
Non-current assets | ||
Property, plant and equipment | ||
Machinery equipment, net | 20,723 | 20,336 |
Others, net | 25,812 | 25,023 |
Total property, plant and equipment | 46,535 | 45,360 |
Intangible assets | 1,018 | 1,419 |
Investments and other assets | ||
Investment securities | 7,456 | 7,983 |
Deferred tax assets | 8,883 | 7,832 |
Net defined benefit asset | 10 | 16 |
Other | 550 | 928 |
Allowance for doubtful accounts | -85 | -49 |
Total investments and other assets | 16,815 | 16,711 |
Total non-current assets | 64,369 | 63,490 |
Total assets | 185,758 | 199,136 |
(Unit: millions of yen)
- This is an English translation of Summary originally written in Japanese and disclosed to TSE. For official purposes, the Japanese version takes preference over this English translation
-3-
Account Category | As of March 31, 2022 | As of December 31, 2022 |
(summary) | ||
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 17,739 | 27,295 |
Short-term loans payable | 16,068 | 21,100 |
Currents portion of bonds | 1,118 | 1,028 |
Accrued income taxes | 1,242 | 221 |
Provision | 1,438 | 653 |
Other | 9,124 | 10,843 |
Total current liabilities | ||
46,731 | 61,143 | |
Long-term liabilities | ||
Bonds payable | 3,898 | 3,324 |
Long-term loans payable | 24,831 | 21,869 |
Provision for environment and safety improvement | 1,384 | 1,200 |
Other provision | 83 | 167 |
Net defined benefit liability | 13,058 | 12,684 |
Other | 3,901 | 3,764 |
Total long-term liabilities | ||
47,157 | 43,010 | |
Total Liabilities | ||
93,889 | 104,154 | |
Net assets | ||
Shareholder's equity | ||
Capital stock | 43,420 | 43,420 |
Capital surplus | 10,627 | 10,653 |
Retained earnings | 38,592 | 40,166 |
Treasury shares | -734 | -1,527 |
Total shareholders' equity | ||
91,905 | 92,712 | |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 405 | 296 |
Foreign currency translation adjustment | -297 | 2,045 |
Remeasurements of defined benefit plans | -143 | -72 |
Total accumulated other comprehensive income | ||
-36 | 2,269 | |
Total net assets | ||
91,869 | 94,982 | |
Total liabilities and net assets | ||
185,758 | 199,136 | |
- This is an English translation of Summary originally written in Japanese and disclosed to TSE. For official purposes, the Japanese version takes preference over this English translation
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(2) Consolidated Statements of Income
(Unit: millions of yen) | ||
Q3 2021 | Q3 2022 | |
Account Category | (April 1,2021 to | (April 1,2022 to |
December 31, 2021) | December 31, 2022 | |
Net sales | 78,947 | 94,174 |
Cost of sales | 57,537 | 71,867 |
Gross profit | 21,409 | 22,307 |
Selling, general and administrative expenses | 15,483 | 18,495 |
Operating income | 5,925 | 3,811 |
Non-operating income | ||
Interest income | 11 | 13 |
Dividend income | 167 | 190 |
Equity in earnings of affiliates | － | 663 |
Foreign exchange gains | 672 | 1,333 |
Gain on sales of raw materials | 100 | 110 |
Other | 242 | 172 |
Total non-operating income | 1,194 | 2,484 |
Non-operating expenses | ||
Interest expenses | 407 | 360 |
Financial fee | 203 | 282 |
Share of loss of entities accounted for using equity method | 262 | － |
Other | 163 | 143 |
Total non-operating expenses | 1,037 | 785 |
Ordinary income | 6,083 | 5,510 |
Extraordinary income | ||
Gain on forgiveness of debts | 552 | － |
Gain on sale of investment securities | 31 | 76 |
Other | 129 | － |
Total extraordinary income | 713 | 76 |
Extraordinary loss | ||
Loss on disposal of non-current assets | 804 | 592 |
Total extraordinary losses | 804 | 592 |
Income before income taxes and minority interests | 5,991 | 4,994 |
Income taxes-current | 938 | 799 |
Income taxes - deferred | 284 | 1,182 |
Total income taxes | 1,222 | 1,981 |
Net income | 4,768 | 3,012 |
Profit attributable to owners of parent | 4,768 | 3,012 |
- This is an English translation of Summary originally written in Japanese and disclosed to TSE. For official purposes, the Japanese version takes preference over this English translation
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ISHIHARA SANGYO KAISHA Ltd. published this content on 13 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2023 12:26:03 UTC.
