IZUMI CO., LTD. Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results
for the Year Ended February 28, 2022
(Based on Japanese GAAP)
Company name: IZUMI CO., LTD.
Stock exchange listing: Tokyo
Stock code: Representative:
8273 URLhttps://www.izumi.co.jp/ President and Representative Director General Manager of Finance & Accounting
Inquiries:
Department
Scheduled date of ordinary general meeting of shareholders: Scheduled date to file Securities Report:
Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: Holding of financial results meeting:
Yasuaki Yamanishi
Kazunori NishimotoMay 25, 2022
May 26, 2022
May 26, 2022 Yes
TEL +81-82-264-3211
Yes (For institutional investors and analysts)
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended February 28, 2022 (from March 1, 2021 to February 28, 2022)
(1) Consolidated financial results
April 12, 2022
Percentages indicate year-on-year changes
Operating revenue | Operating profit | Ordinary profit | Profit attributable to owners of parent | |||||
Year ended February 28, 2022 Year ended February 28, 2021 | Millions of yen 676,800 679,778 | % (0.4) (8.7) | Millions of yen 34,717 35,781 | % (3.0) 12.2 | Millions of yen 34,696 36,078 | % (3.8) 12.8 | Millions of yen 23,204 23,053 | % 0.7 15.5 |
Earnings per share | Diluted earnings per share | Profit/equity | Ordinary profit/total assets | Operating profit/net sales | |
Year ended February 28, 2022 Year ended February 28, 2021 | Yen 324.45 321.72 | Yen - - | % 9.6 10.3 | % 7.2 7.4 | % 5.4 5.5 |
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |
As of February 28, 2022 As of February 28, 2021 | Millions of yen 468,798 489,692 | Millions of yen 262,433 245,411 | % 53.0 47.5 | Yen 3,479.26 3,244.56 |
(3) Consolidated cash flows
Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Cash and cash equivalents at end of period | |
Year ended February 28, 2022 Year ended February 28, 2021 | Millions of yen 18,577 48,320 | Millions of yen (14,246) (6,633) | Millions of yen (18,016) (25,361) | Millions of yen 11,621 25,306 |
2. Cash dividends
Annual dividends per share | Total cash dividends (Full year) | Dividend payout ratio (Consolidated) | Ratio of dividends to net assets (Consolidated) | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | ||||
Year ended February 28, 2021 Year ended February 28, 2022 | Yen - - | Yen 40.00 43.00 | Yen - - | Yen 43.00 43.00 | Yen 83.00 86.00 | Millions of yen 5,947 6,147 | % 25.8 26.5 | % 2.7 2.6 |
Year ending February 28, 2023 (Forecast) | - | 43.00 | - | 43.00 | 86.00 | 29.4 |
3. Forecast of consolidated financial results for the fiscal year ending February 28, 2023 (from March 1, 2022 to February 28, 2023)
Percentages indicate year-on-year changes
Operating revenue | Operating profit | Ordinary profit | Profit attributable to owners of parent | Earnings per share | |||||
Six months ending August 31, 2022 Full year | Millions of yen 223,800 454,300 | % - - | Millions of yen 15,100 32,600 | % - - | Millions of yen 15,100 32,600 | % - - | Millions of yen 9,900 20,900 | % - - | Yen 138.50 292.40 |
4. Notes
(1) Changes in significant subsidiaries during the period
(changes in specified subsidiaries resulting in the change in scope of consolidation):
No
(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statementsChanges in accounting policies due to revisions to accounting standards and other regulations: Changes in accounting policies due to other reasons:
Changes in accounting estimates:
Restatement of prior period financial statements:
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of February 28, 2022 71,665,200 shares | As of February 28, 2021 71,665,200 shares |
As of February 28, 2022
71,665,200 shares As of February 28, 2021
Number of treasury shares at the end of the periodNo No No No
71,665,200 shares
As of February 28, 2022 187,562 shares | As of February 28, 2021 8,106 shares |
187,562 shares As of February 28, 2021
As of February 28, 2022
Average number of shares during the period
8,106 shares
Year ended February 28, 2022 71,517,631 shares | Year ended February 28, 2021 71,657,606 shares |
Year ended February 28, 2022
71,517,631 shares Year ended February 28, 2021
71,657,606 shares
Consolidated financial statements Consolidated balance sheets
(Millions of yen) | ||
As of February 28, 2021 | As of February 28, 2022 | |
Assets | ||
Current assets | ||
Cash and deposits | 25,306 | 11,621 |
Notes and accounts receivable - trade | 42,497 | 42,794 |
Merchandise and finished goods | 21,661 | 20,381 |
Work in process | 20 | 95 |
Raw materials and supplies | 458 | 681 |
Other | 17,717 | 13,803 |
Allowance for doubtful accounts | (550) | (511) |
Total current assets | 107,112 | 88,867 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 400,335 | 408,013 |
Accumulated depreciation | (245,053) | (258,508) |
Buildings and structures, net | 155,281 | 149,504 |
Machinery, equipment and vehicles | 11,242 | 11,873 |
Accumulated depreciation | (7,185) | (7,968) |
Machinery, equipment and vehicles, net | 4,057 | 3,904 |
Land | 163,136 | 166,542 |
Leased assets | 84 | 81 |
Accumulated depreciation | (64) | (64) |
Leased assets, net | 20 | 16 |
Construction in progress | 497 | 2,002 |
Other | 42,840 | 43,650 |
Accumulated depreciation | (35,294) | (36,254) |
Other, net | 7,545 | 7,396 |
Total property, plant and equipment | 330,539 | 329,367 |
Intangible assets | ||
Goodwill | 2,441 | 1,908 |
Other | 8,249 | 9,325 |
Total intangible assets | 10,690 | 11,234 |
Investments and other assets | ||
Investment securities | 9,876 | 8,729 |
Long-term loans receivable | 1,542 | 1,418 |
Deferred tax assets | 9,244 | 9,750 |
Leasehold and guarantee deposits | 16,909 | 15,846 |
Other | 4,322 | 4,047 |
Allowance for doubtful accounts | (546) | (462) |
Total investments and other assets | 41,350 | 39,329 |
Total non-current assets | 382,580 | 379,931 |
Total assets | 489,692 | 468,798 |
(Millions of yen)As of February 28, 2021
As of February 28, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade Short-term borrowings
Current portion of long-term borrowings Accounts payable - other
Income taxes payable Provision for bonuses
Provision for bonuses for directors (and other officers) Provision for point card certificates
Provision for loss on recollection of gift certificates Provision for loss on building demolition Provision for loss on lease contracts Asset retirement obligations
Other
Total current liabilities Non-current liabilities
Long-term borrowings Lease obligations
Long-term leasehold and guarantee deposits received Provision for retirement benefits for directors (and other officers)
Provision for loss on interest repayment Provision for loss on building demolition Provision for loss on lease contracts Retirement benefit liability Deferred tax liabilities Asset retirement obligations Other
Total non-current liabilities Total liabilities
Net assets
Shareholders' equity
Share capital Capital surplus Retained earnings Treasury shares
Total shareholders' equity Accumulated other comprehensive income
Valuation difference on available-for-sale securities Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets
47,367 29,697
1,300 10,220
19,756 19,800
14,076 7,429
7,983 6,135
2,204 2,246
36 26
2,416 2,496
115 201
117 357
- 32
39 194
18,183 14,994
113,596
93,835
88,335 17 22,552
69,327
14 22,170
915 69
146 204
436
-
- 424
8,852 9,251
980 870
8,267 9,143
180 1,053
130,684 244,281
112,529 206,364
19,613 19,613
22,545 22,580
189,072 206,121
(30) 231,200
(800) 247,515
1,171
123
1,028
145
1,294
1,173
12,915
13,744
245,411
262,433
489,692
468,798
Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income
(Millions of yen)Year ended February 28, 2021
Year ended February 28, 2022
Net sales Cost of sales Gross profit Operating revenue Operating gross profit
Selling, general and administrative expenses
Advertising and promotion expenses Distribution expenses
Provision of allowance for doubtful accounts Employees' salaries and bonuses
Provision for bonuses
Welfare expenses Retirement benefit expenses Rent expenses
Utilities expenses Depreciation
Provision for retirement benefits for directors (and other officers)
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest and dividend income Purchase discounts
Share of profit of entities accounted for using equity method Penalty income
Other
Total non-operating income Non-operating expenses
Interest expenses Compensation expenses
Share of loss of entities accounted for using equity method Other
Total non-operating expenses Ordinary profit
645,672 643,280
498,204 497,337
147,467 34,105 181,573
145,943 33,519 179,463
9,643 9,647
8,152 8,005
184 159
53,319 52,324
2,119 2,136
10,522 10,320
1,213 1,125
11,526 11,248
7,482 7,986
15,243 15,267
(57) 153
26,441 26,369
145,791 35,781
144,745 34,717
243 224
183 193
84 149 1,232 1,893
- 97 1,085 1,600
700 555
115 101
- 290
781 674
1,597 36,078
1,621 34,696
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Izumi Co. Ltd. published this content on 20 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 07:44:05 UTC.
