Disclaimer: All financial information has been prepared in accordance with generally accepted accounting principles in Japan. This document is a partial English translation of the Japanese Financial Statements which are filed with Stock Exchanges in Japan on February 10, 2022. The Company provides this translation for your reference and convenience only without any warranty as to its accuracy. In case of any discrepancy between the translation and the Japanese original, the latter shall prevail.

February 10, 2022

Consolidated and Nonconsolidated Financial Statements

For the third quarter of the fiscal year ending March 31, 2022 ("Q3/FY2021")

(For the period from April 1, 2021 to December 31, 2021)

Company name : Kajima Corporation

Stock exchange listings : Tokyo 1st section, Nagoya 1st section

Securities code : 1812

URL : https://www.kajima.co.jp/

Representative : Hiromasa Amano, President and Representative Director

Inquiries : Sachihiko Mikami, General Manager of Accounting Department, Treasury Division

Tel. +81-(0)3-5544-1111

Dividend payable date (as planned) : －

Supplemental material on financial results : Available

*Amounts less than one million yen have been rounded down.

1. Consolidated Financial Highlights

(1) Financial Results

% : Representing year-on-year change

Revenues

Operating income

Ordinary income

Net income attributable to

owners of the parent

JPY mil

%

JPY mil

%

JPY mil

%

JPY mil

%

Q3/FY2021

1,482,578

6.7

88,655

( 11.7)

106,809

( 4.2)

81,423

6.4

Q3/FY2020

1,388,923

( 3.4)

100,404

18.4

111,472

18.5

76,497

10.4

(Note) Comprehensive income (loss)

Q3/FY2021

81,079 JPY mil (10.7%)

Q3/FY2020

90,771 JPY mil

42.3%

Basic net income

Diluted net income

per share

per share

JPY

JPY

Q3/FY2021

162.75

－

Q3/FY2020

149.48

－

(2) Financial Positions

Total assets

Total equity

Owners' equity ratio

JPY mil

JPY mil

%

As of December 31, 2021

2,259,064

929,750

40.6

As of March 31, 2021

2,164,806

884,806

40.4

(Reference) Owners' equity (Total equity less noncontrolling interests)

As of December 31, 2021

917,680 JPY mil

As of March 31, 2021

874,839 JPY mil

2. Dividends

Dividends per share

End of Q1

End of Q2

End of Q3

Year-end

Total

JPY

JPY

JPY

JPY

JPY

FY2020

－

25.00

－

29.00

54.00

FY2021

－

27.00

－

FY2021

27.00

54.00

(Forecast)

(Note) Revisions to the dividend forecast most recently announced : None

3. Forecast of Consolidated Financial Results for the fiscal year ending March 31, 2022

% : Representing year-on-year change

Revenues

Operating income

Ordinary income

Net income attributable

Basic net income

to owners of the parent

per share

JPY mil

%

JPY mil

%

JPY mil

%

JPY mil

%

JPY

Full-year

2,080,000

9.1

117,500

( 7.7)

144,000

3.1

95,000

( 3.6)

190.02

(Note) Revisions to the financial forecast most recently announced : Applicable

* Notes

  1. Significant changes in the scope of consolidated subsidiaries : None
  2. Specific accounting treatments as to the quarterly financial statements : None
  3. Changes in accounting policies and accounting estimates, retrospective restatements

a. Changes in accounting policies based on revisions of accounting standards : Applicable

b. Changes in accounting policies other than "a" above : None

c. Changes in accounting estimates : None

d. Retrospective restatements : None

(Note) For details, please refer to Changes in accounting policies on page 5.

(4) Number of issued and outstanding shares (common stock)

a. Number of issued and outstanding shares (including treasury stock)

As of December 31, 2021

528,656,011

As of March 31, 2021

528,656,011

b. Number of treasury stock

As of December 31, 2021

29,752,666

As of March 31, 2021

23,308,096

c. Average number of shares

Q3/FY2021

500,290,040

Q3/FY2020

511,742,586

(5) Forecast of nonconsolidated financial results for the fiscal year ending March 31, 2022

% : Representing year-on-year change

Revenues

Operating income

Ordinary income

Net income

Basic net income

per share

JPY mil

%

JPY mil

%

JPY mil

%

JPY mil

%

JPY

Full-year

1,230,000

3.4

77,000

( 26.8)

87,000

( 23.9)

67,000

( 19.1)

133.76

(Note) Revisions to the financial forecast most recently announced : Applicable

  • These financial statements are outside the scope of quarterly review procedures by certified public accountant or audit corporation.
  • Explanation regarding appropriate use of forecasts, and other notes

The forecasts contained herein are based on information available as of the date of this announcement, and the actual results may differ materially from forecasts due to various factors.

Consolidated Financial Statements

(1) Consolidated Balance Sheet

(JPY mil)

As of March 31, 2021

As of December 31, 2021

Assets

Current assets

Cash and deposits

307,633

251,218

Notes and accounts receivable - trade

602,162

704,761

Inventories - real estate for sale

78,214

70,689

Inventories - construction projects in progress

54,938

16,251

Inventories - development projects in progress

103,505

146,408

Inventories - other

17,094

5,028

Other

100,374

133,812

Allowance for doubtful accounts

(980)

(1,089)

Total current assets

1,262,942

1,327,081

Noncurrent assets

Property and equipment

Land

232,311

245,298

Other - net

185,643

201,177

Total property and equipment

417,955

446,476

Intangible assets

11,330

11,560

Investments and other assets

Investments in securities

350,351

336,973

Other

125,430

140,050

Allowance for doubtful accounts

(3,203)

(3,077)

Total investments and other assets

472,578

473,946

Total noncurrent assets

901,863

931,983

Total assets

2,164,806

2,259,064

-1-

(JPY mil)

As of March 31, 2021

As of December 31, 2021

Liabilities

Current liabilities

Notes and accounts payable - trade

445,589

483,810

Short-term loans payable

143,416

146,525

Commercial paper

－

50,000

Current portion of bonds payable

10,000

－

Advances received on construction projects in progress

146,103

121,201

Provision

27,727

26,171

Other

217,242

208,311

Total current liabilities

990,080

1,036,020

Long-term liabilities

Bonds payable

40,000

40,000

Long-term loans payable

123,616

122,552

Liability for retirement benefits

62,575

63,329

Other

63,728

67,412

Total long-term liabilities

289,919

293,294

Total liabilities

1,280,000

1,329,314

Equity

Shareholders' equity

Common stock

81,447

81,447

Capital surplus

43,271

42,718

Retained earnings

654,128

708,831

Treasury stock

(26,172)

(35,919)

Total shareholders' equity

752,675

797,077

Accumulated other comprehensive income (loss)

Unrealized gain (loss) on available-for-sale securities

112,242

96,756

Deferred gain (loss) on derivatives under hedge accounting

(659)

(879)

Revaluation surplus of land

21,498

21,498

Foreign currency translation adjustments

(10,352)

3,616

Defined retirement benefit plans

(565)

(390)

Total accumulated other comprehensive income (loss)

122,163

120,602

Noncontrolling interests

9,967

12,070

Total equity

884,806

929,750

Total liabilities and equity

2,164,806

2,259,064

-2-

  1. Consolidated Statement of Income and Consolidated Statement of Comprehensive Income Consolidated Statement of Income

(JPY mil)

Q3/FY2020

Q3/FY2021

(Apr 1, 2020 -

(Apr 1, 2021 -

Dec 31, 2020)

Dec 31, 2021)

Revenues

Construction projects

1,224,221

1,283,861

Real estate and other

164,702

198,717

Total revenues

1,388,923

1,482,578

Cost of revenues

Construction projects

1,073,852

1,153,871

Real estate and other

133,008

149,964

Total cost of revenues

1,206,860

1,303,836

Gross profit

Construction projects

150,368

129,989

Real estate and other

31,694

48,752

Total gross profit

182,063

178,742

Selling, general and administrative expenses

81,659

90,087

Operating income

100,404

88,655

Nonoperating income

Interest income

3,309

3,369

Dividends income

5,383

6,122

Equity in earnings of unconsolidated subsidiaries and affiliates

1,752

3,964

Equity in earnings of partnership

2,759

5,703

Other

2,170

3,600

Total nonoperating income

15,375

22,759

Nonoperating expenses

Interest expense

2,056

1,855

Other

2,250

2,749

Total nonoperating expenses

4,306

4,605

Ordinary income

111,472

106,809

Extraordinary income

Gain on sales of investment securities

3,703

10,954

Other

1,049

111

Total extraordinary income

4,753

11,065

Extraordinary losses

Litigation settlement

26

1,610

Other

5,162

553

Total extraordinary losses

5,188

2,163

Income before income taxes

111,036

115,711

Income taxes - current

28,491

25,852

Income taxes - deferred

5,358

8,028

Total income taxes

33,849

33,881

Net income

77,187

81,829

Net income attributable to noncontrolling interests

690

406

Net income attributable to owners of the parent

76,497

81,423

-3-

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Kajima Corporation published this content on 10 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2022 03:28:04 UTC.