Consolidated Financial Results for the Fiscal Year Ended March 31, 2021
(Japanese GAAP)
May 7, 2021 | ||||
Company name: | Joshin Denki Co., Ltd. | Stock Listing: Tokyo | ||
Securities code: | 8173 | URL: https://www.joshin.co.jp/joshintop/ir_en.html | ||
Representative: | Ryuhei Kanatani, Representative Director and President and Executive Officer | |||
Contact: | Suguru Oshiro, Director and Executive Officer in Charge of Financial Strategy and General | Phone: | ||
Manager of Accounting Department | +81-6-6631-1161 | |||
Scheduled date of general meeting of shareholders: | June 22, 2021 | Scheduled dividend payment date: | June 23, 2021 | |
Scheduled date for filing of annual securities report: | June 24, 2021 | |||
Supplementary documents for financial results: | Yes | |||
Financial results briefing: | Yes (online video) |
(Amounts rounded down to the nearest million yen)
1. Consolidated results for the fiscal year ended March 31, 2021 (April 1, 2020 to March 31, 2021)
(1) Consolidated operating results | (% indicates year-on-year change) | |||||||
Net sales | Operating income | Ordinary income | Net income attributable | |||||
to owners of the parent | ||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | |
Year ended March 31, 2021 | 449,121 | 8.1 | 16,550 | 84.3 | 16,555 | 86.0 | 8,873 | 63.8 |
Year ended March 31, 2020 | 415,643 | 2.9 | 8,979 | −18.3 | 8,900 | −19.1 | 5,418 | −14.7 |
(Note) Comprehensive income: | Year ended March 31, 2021: | 11,498 million yen (173.4%) | ||||||||||||||||||||||
Year ended March 31, 2020: | 4,204 million yen (−31.6%) | |||||||||||||||||||||||
Net income | Diluted net income | ROE | Ordinary income to | Operating income | ||||||||||||||||||||
per share | per share | total asset ratio | to net sales ratio | |||||||||||||||||||||
Yen | Yen | % | % | % | ||||||||||||||||||||
Year ended March 31, 2021 | 331.62 | - | 9.4 | 8.1 | 3.7 | |||||||||||||||||||
Year ended March 31, 2020 | 202.84 | - | 6.2 | 4.4 | 2.2 | |||||||||||||||||||
(Reference) Equity in net gain | of affiliated companies: | Year ended | March 31, 2021: - | million yen | ||||||||||||||||||||
Year ended March 31, 2020: - million yen | ||||||||||||||||||||||||
(2) Consolidated financial position | ||||||||||||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per | |||||||||||||||||||||
share | ||||||||||||||||||||||||
Million yen | Million yen | % | Yen | |||||||||||||||||||||
Year ended March 31, 2021 | 210,321 | 99,303 | 47.2 | 3,711.32 | ||||||||||||||||||||
Year ended March 31, 2020 | 197,308 | 89,147 | 45.2 | 3,331.72 | ||||||||||||||||||||
(Reference) Shareholders' equity: | Year ended March 31, | 2021: | 99,303 million yen | |||||||||||||||||||||
Year ended March 31, 2020: 89,147 million yen | ||||||||||||||||||||||||
(3) Consolidated cash flows | ||||||||||||||||||||||||
Net cash provided by | Net cash used in | Net cash used in | Cash and cash equivalents | |||||||||||||||||||||
operating activities | investing activities | financing activities | at end of the term | |||||||||||||||||||||
Million yen | Million yen | Million yen | Million yen | |||||||||||||||||||||
Year ended March 31, 2021 | 25,836 | -6,118 | -14,433 | 8,618 | ||||||||||||||||||||
Year ended March 31, 2020 | 13,022 | −6,316 | −7,762 | 3,333 | ||||||||||||||||||||
2. Dividends | ||||||||||||||||||||||||
Annual dividends per share | Total | Ratio of | ||||||||||||||||||||||
Payout ratio | dividends to | |||||||||||||||||||||||
End | End | End | dividends | |||||||||||||||||||||
Year-end | Total | (consolidated) | net assets | |||||||||||||||||||||
1Q | 2Q | 3Q | (annual) | |||||||||||||||||||||
(consolidated) | ||||||||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | Million yen | % | % | |||||||||||||||||
Year ended March 31, 2020 | - | 0.00 | - | 50.00 | 50.00 | 1,341 | 24.6 | 1.5 | ||||||||||||||||
Year ended March 31, 2021 | - | 0.00 | - | 75.00 | 75.00 | 2,011 | 22.6 | 2.1 | ||||||||||||||||
Year ending March 31, 2022 (forecast) | - | 0.00 | - | 75.00 | 75.00 | 25.1 |
1
(Note) Total dividends (annual) include the following amounts paid into the board incentive plan trust account. Year ended March 31, 2021: 4 million yen
Year ended March 31, 2020: 3 million yen
3. Forecast of consolidated operating results for the fiscal year ending March 31, 2022 (April 1, 2021 to March 31, 2022)
(% indicates year-on-year change)
Net sales | Operating income | Ordinary income | Net income | Net income per | |||||
share | |||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
Six-month | 200,000 | -11.8 | 4,200 | -42.7 | 4,200 | -42.3 | 2,700 | -36.6 | 100.91 |
Full year | 420,000 | -6.5 | 12,000 | -27.5 | 12,000 | -27.5 | 8,000 | -9.8 | 298.99 |
*Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in a change in the scope of consolidation): None
- Changes in accounting policies and changes or restatement of accounting estimates
- Changes in accounting policies due to amendments of accounting standards, etc.: None
- Changes in accounting policies other than changes in (i): None
- Changes in accounting estimates: Yes
- Restatement: None
- Shares outstanding (Common stock)
- Number of shares outstanding (including treasury stock) as of the end of the term:
28,000,000 as of March 31, 2021
28,680,333 as of March 31, 2020
-
Number of shares of treasury stock as of the end of the term: 1,243,169 as of March 31, 2021
1,923,189 as of March 31, 2020 - Average number of shares during the term:
26,757,006 as of March 31, 2021
26,711,231 as of March 31, 2020
Note: The number of shares of treasury stock includes the Company shares held in the board incentive plan trust account as stated
below.
Year ended March 31, 2021: 65,070 million yen
Year ended March 31, 2020: 65,070 million yen
(Reference) Non-consolidated results for the fiscal year ended March 31, 2021 (April 1, 2020 to March 31, 2021) | |||||||||||||
(1) Non-consolidated operating results | (% indicates year-on-year change) | ||||||||||||
Net sales | Operating income | Ordinary income | Net income | ||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||||
Year ended March 31, 2021 | 443,696 | 8.1 | 13,638 | 73.8 | 13,642 | 75.4 | 6,919 | 48.0 | |||||
Year ended March 31, 2020 | 410,402 | 2.8 | 7,848 | -17.2 | 7,776 | -18.2 | 4,675 | -12.9 | |||||
Net income | Diluted net income | ||||||||||||
per share | per share | ||||||||||||
Yen | Yen | ||||||||||||
Year ended March 31, 2021 | 258.60 | - | |||||||||||
Year ended March 31, 2020 | 175.06 | - |
2
(2) Non-consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per | |||
share | ||||||
Million yen | Million yen | % | Yen | |||
Year ended March 31, 2021 | 202,617 | 84,551 | 41.7 | 3,160.01 | ||
Year ended March 31, 2020 | 196,980 | 77,359 | 39.3 | 2,891.17 | ||
(Reference) Shareholders' equity: | Year ended March 31, 2021: | 84,551 million yen | ||||
Year ended March 31, 2020: | 77,359 million yen |
- Summaries of financial results are not subject to reviews by a certified public accountant or an audit firm.
- Explanations about the proper use of results forecasts and other remarks
Cautionary note regarding forward-looking statements:
The statements in this document concerning forecasts of financial results and other items are based on currently available information and certain assumptions that the Company considers reasonable. The achievement of such forecasts is not guaranteed by the Company. Actual results may vary significantly from such forecasts due to a variety of factors.
How to obtain supplementary documents to financial results:
Supplementary documents to the financial results are posted on our website.
How to obtain information on financial results:
A video explaining financial results will be posted on our website.
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Disclaimer
Joshin Denki Co. Ltd. published this content on 07 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2021 09:10:29 UTC.