KEIO CORPORATION Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
February 6, 2023
Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2022 (Under Japanese GAAP)
Company name: | Keio Corporation | |
Listing: | Tokyo Stock Exchange | |
Securities code: | 9008 | |
URL: | https://www.keio.co.jp/ | |
Representative: | President, Representative Director and Executive Officer | Satoshi Tsumura |
Inquiries: | Manager of Finance and Accounting Department | Kei Miyabe |
Telephone: | +81-42-337-3135 |
Scheduled date to file quarterly securities report: | February 14, 2023 |
Scheduled date to commence dividend payments: | － |
Preparation of supplementary material on quarterly financial results: | Yes |
Holding of quarterly financial results briefing: | No |
(Amounts less than one million yen are rounded down.)
1. Consolidated financial results for the nine months ended December 31,2022 (from April 1, 2022 to December 31,2022)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-on-year changes.) | |||||||
Operating revenues | Operating profit | Ordinary profit | Profit attributable to | |||||
owners of parent | ||||||||
Nine months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % |
December 31, 2022 | 251,888 | 15.3 | 18,838 | 353.0 | 19,088 | 145.6 | 12,723 | 322.3 |
December 31, 2021 | 218,374 | (5.3) | 4,158 | － | 7,773 | － | 3,012 | － |
Note: Comprehensive income | For the nine months ended December 31, 2022: | ¥ 14,639 million | [－%] | |||
For the nine months ended December 31, 2021: | ¥ 580 million | [－%] | ||||
Basic earnings | Diluted earnings | |||||
per share | per share | |||||
Nine months ended | Yen | Yen | ||||
December 31, 2022 | 104.20 | － | ||||
December 31, 2021 | 24.68 | － | ||||
(2) Consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | ||
As of | Millions of yen | Millions of yen | % | |
December 31, 2022 | 918,352 | 352,110 | 38.3 | |
March 31, 2022 | 906,212 | 342,286 | 37.8 | |
Reference: Shareholders' equity | ||||
As of December 31, 2022: | ¥ 352,152 million | |||
As of March 31, 2022: | ¥ 342,321 million |
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2. Cash dividends
Annual dividends per share | ||||||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | ||||
Yen | Yen | Yen | Yen | Yen | ||||
Fiscal year ended | － | 20.00 | － | 20.00 | 40.00 | |||
March 31, 2022 | ||||||||
Fiscal year ending | ||||||||
－ | 20.00 | － | ||||||
March 31, 2023 | ||||||||
Fiscal year ending | ||||||||
March 31, 2023 | 20.00 | 40.00 | ||||||
(Forecast) | ||||||||
Note: Revisions to the forecast of cash dividends most recently announced: No |
3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Operating revenues | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | |||||||
owners of parent | |||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |||
Full year | 340,600 | 13.6 | 16,800 | － | 16,800 | 213.0 | 9,400 | 68.3 | 76.98 | ||
Note: Revisions to the forecast of consolidated financial results most recently announced: Yes
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* Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): No
- Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes
- Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards and other regulations: No
- Changes in accounting policies due to other reasons: No
- Changes in accounting estimates: No
- Restatement: No
- Number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2022
As of March 31, 2022
128,550,830 shares
128,550,830 shares
(ii) Number of treasury shares at the end of the period
As of December 31, 2022
As of March 31, 2022
6,439,789 shares
6,451,615 shares
- Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2022
Nine months ended December 31, 2021
122,104,623 shares
122,100,102 shares
Note: The number of the Company's shares held by the Officer Compensation Trust Account included within the number of treasury shares is as follows:
3Q FYE March 2023: 43,400 shares FYE March 2022: 56,300 shares
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
- Proper use of earnings forecasts, and other special matters
The earnings forecasts and outlines on future performance noted in these materials include projections based on certain forecasts/assumptions made at the time of publication.
Actual performance may differ from forecast figures due to various factors.
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Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | ||
As of March 31, 2022 | As of December 31, 2022 | |
Assets | ||
Current assets | ||
Cash and deposits | 67,403 | 58,016 |
Notes and accounts receivable-trade and contract assets | 40,892 | 36,156 |
Merchandise and finished goods | 16,526 | 19,745 |
Work in process | 22,687 | 36,745 |
Raw materials and supplies | 2,293 | 2,488 |
Other | 7,272 | 10,199 |
Allowance for doubtful accounts | (9) | (11) |
Total current assets | 157,066 | 163,339 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 323,188 | 316,656 |
Land | 235,725 | 237,714 |
Construction in progress | 61,334 | 65,698 |
Other, net | 36,565 | 35,237 |
Total property, plant and equipment | 656,813 | 655,307 |
Intangible assets | 14,593 | 22,422 |
Investments and other assets | ||
Investment securities | 49,056 | 52,927 |
Other | 28,810 | 24,484 |
Allowance for doubtful accounts | (128) | (128) |
Total investments and other assets | 77,738 | 77,283 |
Total non-current assets | 749,145 | 755,013 |
Total assets | 906,212 | 918,352 |
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(Millions of yen) | ||
As of March 31, 2022 | As of December 31, 2022 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable-trade | 16,067 | 16,412 |
Short-term borrowings | 68,627 | 74,592 |
Current portion of bonds | 20,000 | 20,000 |
Commercial papers | 20,006 | － |
Income taxes payable | 4,127 | 3,225 |
Provisions | 4,737 | 2,668 |
Other | 99,664 | 98,391 |
Total current liabilities | 233,231 | 215,290 |
Non-current liabilities | ||
Bonds payable | 130,000 | 150,000 |
Long-term borrowings | 137,081 | 139,345 |
Retirement benefit liability | 22,827 | 22,090 |
Other | 40,786 | 39,516 |
Total non-current liabilities | 330,694 | 350,952 |
Total liabilities | 563,925 | 566,242 |
Net assets | ||
Shareholders' equity | ||
Share capital | 59,023 | 59,023 |
Capital surplus | 42,187 | 42,187 |
Retained earnings | 252,087 | 259,925 |
Treasury shares | (19,743) | (19,670) |
Total shareholders' equity | 333,555 | 341,465 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 7,181 | 9,542 |
Foreign currency translation adjustment | 7 | 10 |
Remeasurements of defined benefit plans | 1,576 | 1,133 |
Total Accumulated other comprehensive income | 8,766 | 10,686 |
Non-controlling interests | (35) | (42) |
Total net assets | 342,286 | 352,110 |
Total liabilities and net assets | 906,212 | 918,352 |
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Keio Corporation published this content on 06 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 February 2023 08:19:02 UTC.
