KEIYO CO., LTD. Note: This document has been translated from 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.
April 12, 2022
Non-consolidated Financial Results for the Fiscal Year Ended February 28, 2022
(Under Japanese GAAP)
Company name: | Keiyo Co., Ltd. |
Listing: | Tokyo Stock Exchange |
Securities code: | 8168 |
URL: | https://www.keiyo.co.jp |
Representative: | Shigeo Daigo, President |
Inquiries: | Keiichi Kitamura, Director, Supervising General Manager of Corporate Planning Department, |
and General Manager of Public Relations Department |
Telephone: +81-43-255-1111 | |
Scheduled date of annual general meeting of shareholders: | May 24, 2022 |
Scheduled date to commence dividend payments: | May 25, 2022 |
Scheduled date to file annual securities report: | May 25, 2022 |
Preparation of supplementary material on financial results: | Yes |
Holding of financial results briefing: | Yes (for institutional investors and analysts) |
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Non-consolidated financial results for the fiscal year ended February 28, 2022 (from March 1,2021 to February 28, 2022)
(1) Non-consolidated operating results
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit | |||||
Fiscal year ended February 28, 2022 February 28, 2021 | Millions of yen 102,076 113,411 | % (10.0) 5.4 | Millions of yen 4,749 4,889 | % (2.9) 831.8 | Millions of yen 5,493 5,602 | % (2.0) 359.3 | Millions of yen 3,773 3,043 | % 24.0 145.4 |
Basic earnings per share | Diluted earnings per share | Return on equity | Ratio of ordinary profit to total assets | Ratio of operating profit to net sales | |
Fiscal year ended February 28, 2022 February 28, 2021 | Yen 58.60 46.73 | Yen ― ― | % 8.5 7.0 | % 7.0 7.1 | % 4.7 4.3 |
Reference: Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended February 28, 2022:
For the fiscal year ended February 28, 2021:
¥― million ¥― million
(2) Non-consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | Net assets per share | |
As of February 28, 2022 February 28, 2021 | Millions of yen 76,875 81,088 | Millions of yen 42,643 46,445 | % 55.5 57.3 | Yen 714.57 713.06 |
Reference: | Equity |
As of February 28, 2022: | ¥42,643 million |
As of February 28, 2021: | ¥46,445 million |
(3) Non-consolidated cash flows
Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Cash and cash equivalents at end of period | |
Fiscal year ended February 28, 2022 February 28, 2021 | Millions of yen 1,166 9,140 | Millions of yen (3,983) (579) | Millions of yen (1,889) (6,919) | Millions of yen 1,757 6,464 |
2. Cash dividends
Annual dividends per share
Total cash dividends
Payout ratio
Ratio of dividends to net assets
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Fiscal year ended February 28, 2021
Fiscal year ended February 28, 2022
Yen
― ―
Yen
6.25 6.25
Yen
― ―
Yen
6.25 6.25
Yen
12.50 12.50
Millions of yen
814 780
%
26.7
21.3
%
1.9
1.8
Fiscal year ending February 28, 2023 (Forecast)
―
7.25
―
7.25
14.50
22.2
3. Forecasts of non-consolidated financial results for the fiscal year ended February 28, 2023 (from March
1,2022 to February 28, 2023)
(Percentages indicate year-on-year changes.)Net sales
Operating profitOrdinary profit
Profit
Basic earnings per share
Millions of yen
% Millions of yen
% Millions of yen
%Millions of yen
%
Yen
Six months ending
53,100 (2.6)
3,750 13.3
August 31, 2022
Full year
100,000 (2.0)
6,000 26.3
3,900 6,300
4.5
14.7
2,600 3,900
9.8
3.3
43.57 65.35
The Company has decided to adopt Accounting Standard for Revenue Recognition (ASBJ Statement No. 29), etc. from the beginning of the fiscal year ending February 28,2022. The year-on-year percentage changes comparing in the above-mentioned financial forecasts are based on the previous fiscal year's figures because the impact of the application of these accounting standards is minor.
* Notes
(1) Changes in accounting policies, changes in accounting estimates, and restatement
(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None
(ii) Changes in accounting policies due to other reasons: None
(iii) Changes in accounting estimates: None
(iv) Restatement: None
(2) Number of issued shares (common shares)
(i) Total number of issued shares at the end of the period (including treasury shares)
As of February 28, 2022 | 65,140,184 shares |
As of February 28, 2021 | 65,140,184 shares |
(ii) Number of treasury shares at the end of the period
As of February 28, 2022 | 5,463,627 shares |
As of February 28, 2021 | 3,986 shares |
(iii) Average number of shares outstanding during the period
Fiscal year ended February 28, 2022 | 64,402,939 shares |
Fiscal year ended February 28, 2021 | 65,136,534 shares |
* Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
１．Non-consolidated Financial Statements
（1）Balance sheets | (Millions of yen) | |
As of February 28,2021 | As of February 28,2022 | |
Assets | ||
Current asset | ||
Cash and deposits | 6,464 | 1,757 |
Accounts receivable - trade | 1,028 | 866 |
Merchandise | 24,376 | 25,226 |
Prepaid expenses | 1,003 | 957 |
Accounts receivable - other | 941 | 855 |
Other | 662 | 613 |
Total current assets | 34,477 | 30,276 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings | 24,607 | 24,683 |
Accumulated depreciation | (16,498) | (16,721) |
Buildings, net | 8,108 | 7,962 |
Structures | 8,248 | 8,197 |
Accumulated depreciation | (7,497) | (7,491) |
Structures, net | 750 | 706 |
Machinery and equipment | 588 | 587 |
Accumulated depreciation | (444) | (481) |
Machinery and equipment, net | 143 | 105 |
Vehicles | 2 | 2 |
Accumulated depreciation | (2) | (2) |
Vehicles, net | 0 | 0 |
Tools, furniture and fixtures | 2,065 | 2,025 |
Accumulated depreciation | (1,921) | (1,879) |
Tools, furniture and fixtures, net | 144 | 146 |
Land | 10,205 | 13,394 |
Leased assets | 3,468 | 3,347 |
Accumulated depreciation | (1,692) | (1,854) |
Leased assets, net | 1,775 | 1,492 |
Construction in progress | 6 | 69 |
Total property, plant and equipment | 21,134 | 23,877 |
Intangible assets | ||
Leasehold interests in land | 460 | 460 |
Trademark right | 2 | 2 |
Software | 677 | 1,312 |
Leased assets | 40 | 20 |
Telephone subscription right | 13 | 13 |
Total intangible assets | 1,195 | 1,809 |
Investments and other assets | ||
Investment securities | 15,764 | 12,269 |
Shares of subsidiaries and associates | 98 | 98 |
Long-term loans receivable | 24 | 17 |
Distressed receivables | 234 | 208 |
Long-term prepaid expenses | 100 | 86 |
Long-term prepaid rent | 196 | 132 |
Deferred tax assets | 238 | 1,058 |
Guarantee deposits | 7,857 | 7,162 |
Other | 104 | 196 |
Allowance for doubtful accounts | (252) | (231) |
Allowance for investment loss | (86) | (86) |
Total investments and other assets | 24,281 | 20,911 |
Total non-current assets | 46,610 | 46,598 |
Total assets | 81,088 | 76,875 |
As of February 28,2021
As of February 28,2022
Liabilities
Current liabilities
Accounts payable - trade
Current portion of long-term borrowings Lease obligations
Accounts payable - other Accrued bonuses Accrued expenses Income taxes payable Accrued consumption taxes Advances received Deposits received
Provision for loss on store closings Provision for loss on disaster Asset retirement obligations
Total current liabilities Non-current liabilities
Long-term borrowings Lease obligations
Provision for retirement benefits Asset retirement obligations Other
Total non-current liabilities Total liabilities
Net assets Shareholders' equity
Share capital Capital surplus
Legal capital surplus Other capital surplus Total capital surplus Retained earnings
Other retained earnings
Reserve for tax purpose reduction entry of non-current assets
Retained earnings brought forward
Total retained earnings
Treasury shares
Total shareholders' equity Valuation and translation adjustments
Valuation difference on available-for-sale securities Total valuation and translation adjustments
Total net assets
Total liabilities and net assets
9,854 9,097
2,545 2,345
789 784
1,485 773
1,638 1,578
948 813
1,677 374
1,304 198
84 91
142 65
371 2
55 93 20,991
- 17 16,142
6,237 10,892
1,466 1,061
4,829 4,998
679 652
437 484
13,651 34,642
18,089 34,231
16,505 16,505
8,073 8,073
5,880 5,880
13,953
13,953
50
38
10,151
13,122
10,201
13,161
(2)
(4,670)
40,658
38,949
5,787 5,787 46,445 81,088
3,693 3,693 42,643 76,875
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Keiyo Co. Ltd. published this content on 12 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2022 06:50:11 UTC.
