Performance for

Fiscal Year Ended March 2023

May 12, 2023

Kinden Corporation

Contents

1.

Summary of Financial Results

(1) Consolidated

P1

(2) Non-Consolidated

P2

2.

Cash Flows (Consolidated)

P3

3.

Capital Investment (Consolidated)

P3

4.

Business Overview by Region (Domestic/Overseas)

P4

5.

Business Overview (Non-Consolidated)

(1) Construction Orders

 Construction Orders by Customer

P5

 Construction Orders by Operation

P5

 Renewal Construction (Excluding Power Distribution Lining)

P5

 Construction Orders by Region

P6

 Construction Orders by Operation

(a) Power Distribution Lining

P7

(b) Electrical (By Facility)

P7

(c) Electrical (By Customer's Industry)

P7

(d) Information & Communications Network

P8

(e) Environmental Management Facilities (By Facility)

P8

(f) Electric Power & Others

P8

(2) Net Sales of Completed Construction Contracts

 Sales of Completed Construction Contracts by Customer

P9

 Sales of Completed Construction Contracts by Operation

P9

 Renewal Construction (Excluding Power Distribution Lining)

P9

 Sales of Completed Construction Contracts by Region

P10

  • Net Sales of Completed Construction Contracts by Operation

(a) Power Distribution Lining

P11

(b) Electrical (By Facility)

P11

(c) Electrical (By Customer's Industry)

P11

(d) Information & Communications Network

P12

(e) Environmental Management Facilities (By Facility)

P12

(f) Electric Power & Others

P12

(3)

Contract Backlog by Operation at the End of Period

P13

(4)

Solar Power Plant Construction

P13

(5)

Selling, General and Administrative Expenses

P14

(6)

Number of Employees

P14

6. Shareholders

P15

  1. Number of Shareholders by Type
  2. Major Shareholders

7. Cash Dividends and Others

P16

8. ROE

P16

  • The Company bases its forecasts on assumptions that are believed to be reasonable under information available at the time of the forecasts. Actual results may materially differ from these forecasts due to potential risks and uncertainties.
  • Amounts less than one million were rounded down.

1. Summary of Financial Results

(1) Consolidated

(Millions of yen)

Full year results

Forecasts

FY2022

FY2023

Change

% Change

FY2024

Change

% Change

(Forecast)

Net sales of completed construction contracts

566,794

609,132

42,337

7.5%

619,000

9,867

1.6%

Gross profit on completed construction contracts

97,147

99,025

1,877

1.9%

99,500

474

0.5%

Gross profit margin

17.1%

16.3%

(0.8)

-

16.1%

(0.2)

-

Selling, general and administrative expenses

60,059

61,595

1,535

2.6%

62,400

804

1.3%

Operating income

37,087

37,430

342

0.9%

37,100

(330)

(0.9)%

Operating income margin

6.5%

6.1%

(0.4)

-

6.0%

(0.1)

-

Ordinary income

39,977

40,243

266

0.7%

39,400

(843)

(2.1)%

Profit attributable to owners of parent

26,366

28,722

2,356

8.9%

28,500

(222)

(0.8)%

Profit per share (yen)

128.65

140.15

11.50

140.56

0.41

As of

As of

Mar. 31, 2022

Mar. 31, 2023

Total assets

700,259

742,841

Total net assets

511,843

532,713

Equity ratio

73.0%

71.6%

Net assets per share (yen)

2,493.25

2,598.73

Net Sales of Completed Construction Contracts

700,000

600,000

500,000

400,000

609,132

619,000

300,000

585,905

556,273

566,794

200,000

100,000

0

FY2020

FY2021

FY2022

FY2023

FY2024

(Millions of yen)

(Forecast)

Operating Income

50,000

Operating income margin

9.0%

7.7%

7.7%

8.0%

6.5%

40,000

6.1%

6.0%

7.0%

6.0%

30,000

45,026

5.0%

42,948

20,000

4.0%

37,087

37,430

37,100

3.0%

10,000

2.0%

1.0%

0

0.0%

FY2020

FY2021

FY2022

FY2023

FY2024

(Millions of yen)

(Forecast)

Ordinary Income

Ordninary margin

50,000

8.1%

8.0%

40,000

7.1%

6.6%

6.4%

30,000

46,727

44,794

20,000

39,977

40,243

39,400

10,000

0

FY2020

FY2021

FY2022

FY2023

FY2024

(Millions of yen)

(Forecast)

Profit Attributable to Owners of Parent

Net profit margin

9.0%

50,000

9.0%

8.0%

8.0%

7.0%

40,000

7.0%

6.0%

5.5%

5.8%

6.0%

4.7%

4.7%

30,000

4.6%

5.0%

5.0%

4.0%

20,000

4.0%

3.0%

32,500

32,356

28,722

3.0%

2.0%

26,366

28,500

2.0%

10,000

1.0%

1.0%

0.0%

0

0.0%

FY2020

FY2021

FY2022

FY2023

FY2024

(Millions of yen)

(Forecast)

1

1. Summary of Financial Results

(2) Non-Consolidated

(Millions of yen)

Full year results

Forecasts

FY2022

FY2023

Change

% Change

FY2024

Change

% Change

(Forecast)

Construction orders

525,998

558,320

32,322

6.1%

520,000

(38,320)

(6.9)%

Net sales of completed construction contracts

493,724

524,233

30,508

6.2%

530,000

5,766

1.1%

Gross profit on completed construction contracts

83,043

82,785

(257)

(0.3)%

83,000

214

0.3%

Gross profit margin

16.8%

15.8%

(1.0)

-

15.7%

(0.1)

-

Selling, general and administrative expenses

47,907

50,375

2,468

5.2%

51,500

1,124

2.2%

Operating income

35,136

32,410

(2,726)

(7.8)%

31,500

(910)

(2.8)%

Operating income margin

7.1%

6.2%

(0.9)

-

5.9%

(0.3)

-

Ordinary income

39,443

37,125

(2,318)

(5.9)%

35,400

(1,725)

(4.6)%

Profit

25,824

27,672

1,848

7.2%

26,500

(1,172)

(4.2)%

Profit per share (yen)

126.00

135.03

9.03

130.69

(4.34)

As of

As of

Mar. 31, 2022

Mar. 31, 2023

Total assets

633,822

669,708

Total net assets

471,438

489,839

Equity ratio

74.4%

73.1%

Net assets per share (yen)

2,300.32

2,393.25

Construction Orders

600,000

500,000

400,000

300,000

500,924

507,222

525,998

558,320

520,000

200,000

100,000

0

FY2020

FY2021

FY2022

FY2023

FY2024

(Millions of yen)

(Forecast)

Net Sales of Completed Construction Contracts

600,000

500,000

400,000

300,000

516,196

486,705

493,724

524,233

530,000

200,000

100,000

0

FY2020

FY2021

FY2022

FY2023

FY2024

(Millions of yen)

(Forecast)

Operating Income

Profit

Operating income margin

Net profit margin

50,000

9.0%

50,000

7.3%

7.7%

8.0%

7.1%

40,000

40,000

7.0%

6.2%

6.4%

5.9%

5.9%

6.0%

5.3%

5.2%

5.0%

30,000

30,000

5.0%

37,701

37,496

4.0%

20,000

35,136

20,000

32,410

31,500

3.0%

30,576

31,065

27,672

26,500

10,000

2.0%

10,000

25,824

1.0%

0

0.0%

0

FY2020

FY2021

FY2022

FY2023

FY2024

FY2020

FY2021

FY2022

FY2023

FY2024

(Millions of yen)

(Forecast)

(Millions of yen)

(Forecast)

9.0%

8.0%

7.0%

6.0%

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%

2

2. Cash Flows (Consolidated)

(Millions of yen)

Full year

FY2020

FY2021

FY2022

FY2023

Profit before income taxes

47,790

47,427

39,444

42,709

Depreciation

5,415

6,161

6,684

6,804

Decrease (increase) in notes and accounts receivable-trade

4,439

11,315

2,009

(23,023)

Decrease (increase) in costs on uncompleted construction

(1,128)

23

(1,438)

956

contracts

Increase (decrease) in notes and accounts payable-trade

2,105

(13,687)

7,562

8,533

Increase (decrease) in advances received on uncompleted

(2,712)

5,877

(6,067)

9,713

construction contracts

Other

5,807

1,419

(1,394)

(2,391)

Income taxes paid

(14,985)

(15,199)

(13,847)

(13,149)

Net cash provided by (used in) operating activities

46,732

43,338

32,952

30,153

Purchase of property, plant and equipment

(6,473)

(4,689)

(5,425)

(28,710)

Net decrease (increase) in deposits paid

(20,000)

-

-

-

(Proceeds from) purchase of shares of subsidiaries

91

-

(4,550)

-

Other

(2,553)

(1,156)

(1)

1,316

Net cash provided by (used in) investing activities

(28,934)

(5,846)

(9,977)

(27,393)

Purchase of treasury stock

(8,756)

(11,052)

(4)

(464)

Cash dividends paid

(6,725)

(6,896)

(7,480)

(7,788)

Other

(279)

671

(769)

(1,087)

Net cash provided by (used in) financing activities

(15,761)

(17,277)

(8,254)

(9,340)

Effect of exchange rate change on cash and cash equivalents

(218)

(76)

634

1,556

Net increase (decrease) in cash and cash equivalents

1,817

20,137

15,355

(5,024)

Cash and cash equivalents at the end of period

149,008

169,146

184,501

179,477

50,000

40,000

30,000

20,000

10,000

0

(10,000)

(20,000)

(30,000)

46,732

43,338

32,952

30,153

(5,846)

(9,977)

(8,254)

(9,340)

(15,761)

(17,277)

(28,934)

(27,393)

Net cash

Net cash

Net cash

Net cash

Net cash

Net cash

Net cash

Net cash

Net cash

Net cash

Net cash

Net cash

provided by

used in

used in

provided by

used in

used in

provided by

used in

used in

provided by

used in

used in

operating

investing

financing

operating

investing

financing

operating

investing

financing

operating

investing

financing

activities

activities

activities

activities

activities

activities

activities

activities

activities

activities

activities

activities

(Millions of yen)

FY2020

FY2021

FY2022

FY2023

3. Capital Investment (Consolidated)

(Millions of yen)

FY2020

FY2021

FY2022

FY2023

Increase

FY2024

(Decrease)

(Plan)

Land

549

8.3%

396

9.0%

496

8.4%

10,280

34.9%

9,783

9,700

Buildings and structures

3,297

50.0%

1,258

28.5%

2,235

37.7%

16,007

54.3%

13,772

14,900

Vehicles

1,953

29.6%

1,960

44.4%

2,152

36.3%

2,339

7.9%

186

2,600

Machinery, tools and fixtures

792

12.0%

802

18.2%

1,050

17.7%

853

2.9%

(197)

800

Total

6,592

100.0%

4,417

100.0%

5,935

100.0%

29,480

100.0%

23,545

28,000

Note: Lease assets are included.

3

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Disclaimer

Kinden Corporation published this content on 23 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2023 04:09:03 UTC.