KANADEN CORPORATION 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 March 31, 2022
(Based on Japanese GAAP)
May 13, 2022 | ||||||||||||||||||||
Company name: | KANADEN CORPORATION | |||||||||||||||||||
Stock exchange listing: | Tokyo | |||||||||||||||||||
Stock code: | 8081 | URL https://www.kanaden.co.jp | ||||||||||||||||||
Representative: | President and Representative Director | Nobuyuki Motohashi | ||||||||||||||||||
Inquiries: | General Manager,Accounting Div. | Masayuki Sugaya | TEL 03-6747-8805 | |||||||||||||||||
Scheduled date of ordinary general meeting of shareholders: | June 21, 2022 | |||||||||||||||||||
Scheduled date to file Securities Report: | June 21, 2022 | |||||||||||||||||||
Scheduled date to commence dividend payments: | June 7, 2022 | |||||||||||||||||||
Preparation of supplementary material on financial results: | No | |||||||||||||||||||
Holding of financial results meeting: | Yes | (for institutional investors and analysts) | ||||||||||||||||||
(Amounts less than one million yen are rounded down) | ||||||||||||||||||||
1. Consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022) | ||||||||||||||||||||
(1) Consolidated operating results | Percentages indicate year-on-year changes | |||||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||||||||||
owners of parent | ||||||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||||||||||
Year ended March 31, 2022 | 100,834 | - | 2,846 | 6.5 | 3,055 | 8.4 | 1,922 | (17.1) | ||||||||||||
Year ended March 31, 2021 | 108,229 | (14.5) | 2,672 | (27.6) | 2,819 | (25.5) | 2,319 | (32.1) | ||||||||||||
Note: Comprehensive income | Year ended March 31, 2022 | ¥2,057 million | [(27.3)%] | |||||||||||||||||
Year ended March 31, 2021 | ¥2,828 million | [6.1%] | ||||||||||||||||||
Earnings per share | Diluted earnings per | Profit attributable to | Ordinary profit/total | Operating profit/net | ||||||||||||||||
share | owners of | assets | sales | |||||||||||||||||
parent/equity | ||||||||||||||||||||
Yen | Yen | % | % | % | ||||||||||||||||
Year ended March 31, 2022 | 71.80 | - | 4.3 | 3.9 | 2.8 | |||||||||||||||
Year ended March 31, 2021 | 82.85 | - | 5.2 | 3.6 | 2.5 | |||||||||||||||
Reference: Share of profit (loss) of entities accounted for using equity method | Year ended March 31, 2022 | ¥- million | ||||||||||||||||||
Year ended March 31, 2021 | ¥- million |
Note: The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations from the beginning of the current fiscal year, and each figure for the fiscal year ended March 31, 2022, is the figure after applying the accounting standard and relevant ASBJ regulations. Therefore, the percentage of year-on-year change of net sales against previous fiscal year is not shown.
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |||
Millions of yen | Millions of yen | % | Yen | |||
As of March 31, 2022 | 78,548 | 45,571 | 58.0 | 1,710.93 | ||
As of March 31, 2021 | 77,299 | 44,517 | 57.6 | 1,659.45 | ||
Reference: Equity | As of March 31, 2022 | ¥45,571 million | ||||
As of March 31, 2021 | ¥44,517 million |
Note: The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations from the beginning of the current fiscal year, and each figure for the fiscal year ended March 31, 2022, is the figure after applying the accounting standard and relevant ASBJ regulations.
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(3) Consolidated cash flows
Cash flows from | Cash flows from | Cash flows from | Cash and cash equivalents | |||||
operating activities | investing activities | financing activities | at end of period | |||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | |||||
Year ended March 31, 2022 | 3,607 | (511) | (1,047) | 18,866 | ||||
Year ended March 31, 2021 | (19) | 778 | (3,055) | 16,658 | ||||
2. Cash dividends | ||||||||
Annual dividends per share | Total cash | Dividend payout | Ratio of dividends | |||||
to net assets | ||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | dividends (Total) | ratio (Consolidated) | (Consolidated) | |
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |
Year ended March 31, 2021 | - | 12.00 | - | 17.00 | 29.00 | 798 | 35.0 | 1.8 |
Year ended March 31, 2022 | - | 16.00 | - | 10.00 | 26.00 | 695 | 36.2 | 1.5 |
Year ending March 31, 2023 | - | 17.00 | - | 17.00 | 34.00 | 36.2 | ||
(Forecast) | ||||||||
3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit | Earnings per share | ||||||
Six months ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
45,500 | 1.1 | 1,000 | 19.3 | 1,000 | 10.4 | 600 | 15.4 | 22.53 | ||
September 30, 2022 | ||||||||||
Full year | 110,000 | 9.1 | 3,800 | 33.5 | 3,800 | 24.4 | 2,500 | 30.0 | 93.86 | |
4. Notes | ||||||||||
(1) Changes in significant subsidiaries during the year ended March 31, 2022 | No | |||||||||
(changes in specified subsidiaries resulting in the change in scope of consolidation): | ||||||||||
(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements | ||||||||||
Changes in accounting policies due to revisions to accounting standards and other regulations: | Yes | |||||||||
Changes in accounting policies due to other reasons: | No | |||||||||
Changes in accounting estimates: | No | |||||||||
Restatement of prior period financial statements: | No |
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2022 | 28,600,000 | shares | As of March 31, 2021 | 28,600,000 | shares | |
Number of treasury shares at the end of the period | ||||||
As of March 31, 2022 | 1,964,405 | shares | As of March 31, 2021 | 1,773,253 | shares | |
Average number of shares during the period | ||||||
Year ended March 31, 2022 | 26,781,944 | shares | Year ended March 31, 2021 | 27,996,524 | shares |
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Reference: Summary of non-consolidated financial results | |||||||||
Non-consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022) | |||||||||
(1)Non-consolidated operating results | Percentages indicate year-on-year changes | ||||||||
Net sales | Operating profit | Ordinary profit | Profit | ||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||
Year ended March 31, 2022 | 93,660 | - | 2,528 | 8.9 | 2,833 | 9.7 | 1,830 | (11.2) | |
Year ended March 31, 2021 | 101,498 | (14.5) | 2,321 | (29.1) | 2,584 | (26.4) | 2,062 | (37.9) | |
Earnings per share | Diluted earnings per share | ||||||||
Yen | Yen | ||||||||
Year ended March 31, 2022 | 68.36 | - | |||||||
Year ended March 31, 2021 | 73.68 | - |
Note: The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations from the beginning of the current fiscal year, and each figure for the fiscal year ended March 31, 2022, is the figure after applying the accounting standard and relevant ASBJ regulations. Therefore, the percentage of year-on-year change of net sales against previous fiscal year is not shown.
(2)Non-consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |||
Millions of yen | Millions of yen | % | Yen | |||
As of March 31, 2022 | 71,731 | 40,643 | 56.7 | 1,525.90 | ||
As of March 31, 2021 | 71,078 | 39,919 | 56.2 | 1,488.07 | ||
Reference: Equity | As of March 31, 2022 | ¥40,643 million | ||||
As of March 31, 2021 | ¥39,919 million |
Note: The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations from the beginning of the current fiscal year, and each figure for the fiscal year ended March 31, 2022, is the figure after applying the accounting standard and relevant ASBJ regulations.
- Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
- Proper use of forecasts of financial results, and other special matters
Earnings forecasts and other forward-looking statements stated in this document are based on information currently available to the Company.
(Method of accessing financial summary presentation material)
The Company plans to hold financial results meeting for institutional investors and analysts on May 20, 2022. Materials for the meeting will be provided on the Company's website after the meeting.
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Consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of March 31, 2021 | As of March 31, 2022 | ||
Assets | |||
Current assets | |||
Cash and deposits | 10,860 | 13,069 | |
Notes receivable - trade | 2,644 | 1,664 | |
Electronically recorded monetary claims - operating | 5,255 | 5,999 | |
Accounts receivable - trade | 28,758 | 26,240 | |
Contract assets | - | 11 | |
Securities | 6,300 | 6,300 | |
Merchandise and finished goods | 6,309 | 7,790 | |
Raw materials and supplies | 2 | 2 | |
Accounts receivable - other | 1,499 | 1,508 | |
Other | 745 | 1,109 | |
Allowance for doubtful accounts | (1) | (1) | |
Total current assets | 62,373 | 63,695 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures | 5,725 | 5,736 | |
Accumulated depreciation | (1,747) | (1,901) | |
Buildings and structures, net | 3,977 | 3,834 | |
Machinery, equipment and vehicles | 125 | 114 | |
Accumulated depreciation | (99) | (100) | |
Machinery, equipment and vehicles, net | 26 | 14 | |
Tools, furniture and fixtures | 1,160 | 1,208 | |
Accumulated depreciation | (698) | (820) | |
Tools, furniture and fixtures, net | 462 | 387 | |
Land | 4,422 | 4,416 | |
Leased assets | 125 | 145 | |
Accumulated depreciation | (66) | (65) | |
Leased assets, net | 59 | 80 | |
Construction in progress | 1 | 1 | |
Total property, plant and equipment | 8,950 | 8,735 | |
Intangible assets | 549 | 772 | |
Investments and other assets | |||
Investment securities | 4,776 | 4,595 | |
Deferred tax assets | 339 | 390 | |
Other | 316 | 364 | |
Allowance for doubtful accounts | (5) | (5) | |
Total investments and other assets | 5,426 | 5,344 | |
Total non-current assets | 14,926 | 14,852 | |
Total assets | 77,299 | 78,548 |
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(Millions of yen) | |||
As of March 31, 2021 | As of March 31, 2022 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 21,797 | 22,036 | |
Electronically recorded obligations - operating | 3,871 | 4,169 | |
Income taxes payable | 831 | 558 | |
Advances received | 1,952 | 2,059 | |
Provision for bonuses | 928 | 915 | |
Provision for bonuses for directors (and other officers) | 88 | 80 | |
Other | 1,945 | 1,986 | |
Total current liabilities | 31,415 | 31,806 | |
Non-current liabilities | |||
Lease liabilities | 91 | 87 | |
Deferred tax liabilities | 0 | 0 | |
Deferred tax liabilities for land revaluation | 167 | 167 | |
Retirement benefit liability | 1,044 | 869 | |
Asset retirement obligations | 39 | 39 | |
Other | 23 | 6 | |
Total non-current liabilities | 1,366 | 1,170 | |
Total liabilities | 32,782 | 32,976 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 5,576 | 5,576 | |
Capital surplus | 5,347 | 5,343 | |
Retained earnings | 33,892 | 34,927 | |
Treasury shares | (2,236) | (2,346) | |
Total shareholders' equity | 42,580 | 43,499 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 1,123 | 1,025 | |
Revaluation reserve for land | 378 | 378 | |
Foreign currency translation adjustment | (87) | 117 | |
Remeasurements of defined benefit plans | 522 | 549 | |
Total accumulated other comprehensive income | 1,937 | 2,071 | |
Non-controlling interests | - | - | |
Total net assets | 44,517 | 45,571 | |
Total liabilities and net assets | 77,299 | 78,548 |
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Kanaden Corporation published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 06:14:03 UTC.
