KANEKO SEEDS 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 Nine Months Ended February 28, 2022
(Based on Japanese GAAP)
Company name: KANEKO SEEDS CO., LTD.
Stock exchange listing: Tokyo
Stock code: Representative:
1376 URLhttp://www.kanekoseeds.jp
PRESIDENT MASAHIKO KANEKO SENIOR MANAGING DIRECTOR HEAD
HIROKATSU HASE | |
OF GENERAL ADMINISTRATION | |
Scheduled date to file Quarterly Securities Report: | April 13, 2022 |
Scheduled date to commence dividend payments: | - |
Preparation of supplementary material on quarterly financial results: | No |
Holding of quarterly financial results meeting: | No |
Inquiries:
TEL 027-251-1619
April 4, 2022
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended February 28, 2022 (from June 1, 2021 to February 28, 2022)
(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | |||||
Nine months ended February 28, 2022 Nine months ended February 28, 2021 | Millions of yen 37,383 37,669 | % (0.8) 4.2 | Millions of yen 373 479 | % (22.3) 22.8 | Millions of yen 474 576 | % (17.6) 19.3 | Millions of yen 287 415 | % (30.9) 23.8 |
Earnings per share | Diluted earnings per share | |
Nine months ended February 28, 2022 Nine months ended February 28, 2021 | Yen 24.64 35.65 | Yen - - |
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |
As of February 28, 2022 As of May 31, 2021 | Millions of yen 40,375 47,452 | Millions of yen 21,613 21,696 | % 53.5 45.7 | Yen 1,858.64 1,859.82 |
2. Cash dividends
Annual dividends per share | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |
Year ended May 31, 2021 Year ending May 31, 2022 | Yen - - | Yen 11.00 11.00 | Yen - - | Yen 18.00 | Yen 29.00 |
Year ending May 31, 2022 (Forecast) | 18.00 | 29.00 |
3. Forecast of consolidated financial results for the year ending May 31, 2022 (from June 1, 2021 to May 31, 2022)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Earnings per share | |||||
Full year | Millions of yen 60,500 | % (0.5) | Millions of yen 1,500 | % (9.7) | Millions of yen 1,600 | % (9.4) | Millions of yen 1,050 | % (26.9) | Yen 90.03 |
4. Notes
(1) Changes in significant subsidiaries during the nine months ended February 28, 2022
No
(changes in specified subsidiaries resulting in the change in scope of consolidation):
(2) Application of special accounting methods for preparing quarterly consolidated financial statements: Yes
(3) 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 |
(4) 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 11,772,626 shares | As of May 31, 2021 11,772,626 shares |
As of February 28, 2022
11,772,626 shares As of May 31, 2021
1
Number of treasury shares at the end of the period
As of February 28, 2022 143,887 shares | As of May 31, 2021 106,548 shares |
As of February 28, 2022
143,887 shares As of May 31, 2021
106,Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended February 28, 2022 11,662,764 shares | Nine months ended February 28, 2021 11,666,474 shares |
Nine months ended February 28, 2022 11,662,764 shares Nine mon
Quarterly consolidated financial statements Consolidated balance sheets
(Thousands of yen) | ||
As of May 31, 2021 | As of February 28, 2022 | |
Assets Current assets Cash and deposits Notes and accounts receivable - trade Merchandise Other Allowance for doubtful accounts | 5,819,502 21,887,080 8,150,033 1,608,926 (21,979) | 4,870,033 13,386,693 9,670,607 2,025,360 (12,995) |
Total current assets | 37,443,562 | 29,939,699 |
Non-current assets Property, plant and equipment Land Other, net | 4,009,290 2,428,319 | 4,003,890 2,606,339 |
Total property, plant and equipment | 6,437,610 | 6,610,230 |
Intangible assets Investments and other assets Other Allowance for doubtful accounts | 733,683 2,856,353 (19,177) | 939,439 2,892,618 (6,537) |
Total investments and other assets | 2,837,175 | 2,886,080 |
Total non-current assets | 10,008,469 | 10,435,750 |
Total assets | 47,452,032 | 40,375,450 |
Liabilities Current liabilities Notes and accounts payable - trade Short-term borrowings Income taxes payable Other | 22,522,053 - 250,761 1,325,948 | 14,929,343 880,000 14,162 1,328,573 |
Total current liabilities | 24,098,762 | 17,152,080 |
Non-current liabilities Retirement benefit liability Provision for share awards for directors (and other officers) Other | 1,330,235 39,368 286,711 | 1,295,334 46,804 267,286 |
Total non-current liabilities | 1,656,315 | 1,609,426 |
Total liabilities | 25,755,078 | 18,761,506 |
(12,995)
(6,537)
(Thousands of yen) | ||
As of May 31, 2021 | As of February 28, 2022 | |
Net assets Shareholders' equity Share capital Capital surplus Retained earnings Treasury shares | 1,491,267 1,765,224 17,711,991 (130,303) | 1,491,267 1,765,224 17,617,144 (186,980) |
Total shareholders' equity | 20,838,179 | 20,686,655 |
Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans | 856,070 (24,937) 27,435 | 909,262 (29,112) 46,887 |
Total accumulated other comprehensive income | 858,569 | 927,037 |
Non-controlling interests | 205 | 250 |
Total net assets | 21,696,954 | 21,613,944 |
Total liabilities and net assets | 47,452,032 | 40,375,450 |
(186,980)
(29,112)
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income
(cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen) | ||
Nine months ended February 28, 2021 | Nine months ended February 28, 2022 | |
Net sales Cost of sales | 37,669,025 31,595,154 | 37,383,893 31,414,610 |
Gross profit | 6,073,871 | 5,969,283 |
Selling, general and administrative expenses | 5,594,005 | 5,596,217 |
Operating profit | 479,865 | 373,065 |
Non-operating income Dividend income Rental income from buildings Other | 33,059 50,187 34,797 | 35,551 52,400 34,705 |
Total non-operating income | 118,044 | 122,657 |
Non-operating expenses Interest expenses Foreign exchange losses Other | 9,010 12,340 39 | 8,948 11,686 298 |
Total non-operating expenses | 21,390 | 20,933 |
Ordinary profit | 576,520 | 474,789 |
Extraordinary income Gain on sale of non-current assets Gain on sale of investment securities Compensation for forced relocation | 224 3,044 165,861 | - - - |
Total extraordinary income | 169,131 | - |
Extraordinary losses Loss on disposal of non-current assets Impairment losses | 41,235 57,447 | 46,399 5,400 |
Total extraordinary losses | 98,682 | 51,799 |
Profit before income taxes | 646,968 | 422,990 |
Income taxes | 231,005 | 135,527 |
Profit | 415,963 | 287,463 |
Profit attributable to non-controlling interests | 39 | 45 |
Profit attributable to owners of parent | 415,923 | 287,417 |
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Kaneko Seeds Co. Ltd. published this content on 05 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 April 2022 06:07:06 UTC.
