KAJIMA CORPORATION 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 November 9, 2021. 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.
November 9, 2021
Consolidated and Nonconsolidated Financial Statements
For the second quarter of the fiscal year ending March 31, 2022 ("Q2/FY2021")
(For the period from April 1, 2021 to September 30, 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) : December 2, 2021 | |||||||||||||||||||||||
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 | % | ||||||||||||||||
Q2/FY2021 | 956,119 | 4.8 | 56,444 | ( 21.6) | 65,458 | ( 17.5) | 49,875 | ( 3.8) | |||||||||||||||
Q2/FY2020 | 912,604 | ( 3.7) | 72,014 | 20.5 | 79,356 | 22.0 | 51,872 | 4.1 | |||||||||||||||
(Note) Comprehensive income (loss) | Q2/FY2021 | 65,696JPY mil 19.8% | Q2/FY2020 54,842JPY mil | 33.4% | |||||||||||||||||||
Basic net income | Diluted net income | ||||||||||||||||||||||
per share | per share | ||||||||||||||||||||||
JPY | JPY | ||||||||||||||||||||||
Q2/FY2021 | 99.55 | － | |||||||||||||||||||||
Q2/FY2020 | 101.19 | － | |||||||||||||||||||||
(2) Financial Positions | |||||||||||||||||||||||
Total assets | Total equity | Owners' equity ratio | |||||||||||||||||||||
JPY mil | JPY mil | % | |||||||||||||||||||||
As of September 30, 2021 | 2,178,054 | 927,827 | 42.1 | ||||||||||||||||||||
As of March 31, 2021 | 2,164,806 | 884,806 | 40.4 | ||||||||||||||||||||
(Reference) Owners' equity (Total equity less noncontrolling interests) | |||||||||||||||||||||||
As of September 30, 2021 | 916,639 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 | 2,050,000 | 7.5 | 109,500 | ( 14.0) | 120,000 | ( 14.1) | 86,000 | ( 12.7) | 172.02 | ||||||||||||||
(Note) Revisions to the financial forecast most recently announced : Applicable
* Notes
- Significant changes in the scope of consolidated subsidiaries : None
- Specific accounting treatments as to the quarterly financial statements : None
-
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 6.
(4) Number of issued and outstanding shares (common stock)
a. Number of issued and outstanding shares (including treasury stock) | |||||||||||||||
As of September 30, 2021 | 528,656,011 | As of March 31, 2021 | 528,656,011 | ||||||||||||
b. Number of treasury stock | |||||||||||||||
As of September 30, 2021 | 29,750,988 | As of March 31, 2021 | 23,308,096 | ||||||||||||
c. Average number of shares | |||||||||||||||
Q2/FY2021 | 500,982,913 | Q2/FY2020 | 512,638,367 | ||||||||||||
(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 | 79,000 | ( 24.9) | 87,000 | ( 23.9) | 63,000 | ( 23.9) | 125.78 | ||||||
(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 September 30, 2021 | |
Assets | ||
Current assets | ||
Cash and deposits | 307,633 | 265,984 |
Notes and accounts receivable - trade | 602,162 | 638,158 |
Inventories - real estate for sale | 78,214 | 67,198 |
Inventories - construction projects in progress | 54,938 | 13,613 |
Inventories - development projects in progress | 103,505 | 127,662 |
Inventories - other | 17,094 | 4,172 |
Other | 100,374 | 120,609 |
Allowance for doubtful accounts | (980) | (1,009) |
Total current assets | 1,262,942 | 1,236,390 |
Noncurrent assets | ||
Property and equipment | ||
Land | 232,311 | 245,487 |
Other - net | 185,643 | 198,199 |
Total property and equipment | 417,955 | 443,686 |
Intangible assets | 11,330 | 11,706 |
Investments and other assets | ||
Investments in securities | 350,351 | 355,421 |
Other | 125,430 | 133,988 |
Allowance for doubtful accounts | (3,203) | (3,138) |
Total investments and other assets | 472,578 | 486,271 |
Total noncurrent assets | 901,863 | 941,663 |
Total assets | 2,164,806 | 2,178,054 |
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(JPY mil) | ||
As of March 31, 2021 | As of September 30, 2021 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 445,589 | 448,319 |
Short-term loans payable | 143,416 | 139,037 |
Current portion of bonds payable | 10,000 | － |
Advances received on construction projects in progress | 146,103 | 144,549 |
Provision | 27,727 | 25,924 |
Other | 217,242 | 205,090 |
Total current liabilities | 990,080 | 962,921 |
Long-term liabilities | ||
Bonds payable | 40,000 | 40,000 |
Long-term loans payable | 123,616 | 118,689 |
Liability for retirement benefits | 62,575 | 63,063 |
Other | 63,728 | 65,552 |
Total long-term liabilities | 289,919 | 287,305 |
Total liabilities | 1,280,000 | 1,250,226 |
Equity | ||
Shareholders' equity | ||
Common stock | 81,447 | 81,447 |
Capital surplus | 43,271 | 43,316 |
Retained earnings | 654,128 | 690,753 |
Treasury stock | (26,172) | (35,917) |
Total shareholders' equity | 752,675 | 779,600 |
Accumulated other comprehensive income (loss) | ||
Unrealized gain (loss) on available-for-sale securities | 112,242 | 112,514 |
Deferred gain (loss) on derivatives under hedge accounting | (659) | (323) |
Revaluation surplus of land | 21,498 | 21,498 |
Foreign currency translation adjustments | (10,352) | 3,771 |
Defined retirement benefit plans | (565) | (422) |
Total accumulated other comprehensive income (loss) | 122,163 | 137,039 |
Noncontrolling interests | 9,967 | 11,188 |
Total equity | 884,806 | 927,827 |
Total liabilities and equity | 2,164,806 | 2,178,054 |
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- Consolidated Statement of Income and Consolidated Statement of Comprehensive Income Consolidated Statement of Income
(JPY mil) | ||
Q2/FY2020 | Q2/FY2021 | |
(Apr 1, 2020 - | (Apr 1, 2021 - | |
Sep 30, 2020) | Sep 30, 2021) | |
Revenues | ||
Construction projects | 802,471 | 826,028 |
Real estate and other | 110,132 | 130,091 |
Total revenues | 912,604 | 956,119 |
Cost of revenues | ||
Construction projects | 700,166 | 743,045 |
Real estate and other | 85,818 | 97,176 |
Total cost of revenues | 785,985 | 840,222 |
Gross profit | ||
Construction projects | 102,305 | 82,982 |
Real estate and other | 24,313 | 32,914 |
Total gross profit | 126,618 | 115,897 |
Selling, general and administrative expenses | 54,604 | 59,452 |
Operating income | 72,014 | 56,444 |
Nonoperating income | ||
Interest income | 2,151 | 2,294 |
Dividends income | 3,551 | 4,080 |
Equity in earnings of unconsolidated subsidiaries and affiliates | 772 | 1,630 |
Equity in earnings of partnership | 2,038 | 1,317 |
Other | 1,431 | 2,794 |
Total nonoperating income | 9,945 | 12,116 |
Nonoperating expenses | ||
Interest expense | 1,436 | 1,231 |
Other | 1,166 | 1,871 |
Total nonoperating expenses | 2,603 | 3,102 |
Ordinary income | 79,356 | 65,458 |
Extraordinary income | ||
Gain on sales of investment securities | 0 | 6,157 |
Other | 1,025 | 86 |
Total extraordinary income | 1,025 | 6,243 |
Extraordinary losses | ||
Loss on disposals of noncurrent assets | 92 | 222 |
Valuation loss on investment securities | 4,455 | 220 |
Other | 197 | 51 |
Total extraordinary losses | 4,745 | 493 |
Income before income taxes | 75,637 | 71,209 |
Income taxes - current | 22,096 | 18,882 |
Income taxes - deferred | 930 | 2,151 |
Total income taxes | 23,027 | 21,034 |
Net income | 52,609 | 50,174 |
Net income attributable to noncontrolling interests | 737 | 299 |
Net income attributable to owners of the parent | 51,872 | 49,875 |
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Kajima Corporation published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 03:02:01 UTC.
