KINDEN CORPORATION Performance for the
First Half of Fiscal Year
Ending March 2023
November 8, 2022
Kinden Corporation
Contents
1. | Summary of Financial Results | P1 | |
(1) | Consolidated | P2 | |
(2) | Non-Consolidated | ||
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 | |||
(1) | Number of Shareholders by Type | P15 | |
(2) | Major Shareholders | P15 | |
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 | 1H results | Comparison to | ||||||||||||||
FY2023 1H (Forecast) | ||||||||||||||||
FY2023 | FY2022 | FY2023 | FY2023 | |||||||||||||
FY2021 | FY2022 | Change | % Change | 1H | Difference | |||||||||||
(Forecast) | 1H | 1H | ||||||||||||||
(Forecast) | ||||||||||||||||
Net sales of completed construction contracts | 556,273 | 566,794 | 588,000 | 244,144 | 258,108 | 13,963 | 5.7% | 255,000 | 3,108 | |||||||||
Gross profit on completed construction contracts | 99,231 | 97,147 | 95,300 | 40,062 | 36,577 | (3,485) | (8.7)% | |||||||||||
Gross profit margin | 17.8% | 17.1% | 16.2% | 16.4% | 14.2% | (2.2) | - | |||||||||||
Selling, general and administrative expenses | 56,283 | 60,059 | 60,500 | 28,561 | 29,977 | 1,415 | 5.0% | |||||||||||
Operating income | 42,948 | 37,087 | 34,800 | 11,500 | 6,599 | (4,901) | (42.6)% | 7,700 | (1,100) | |||||||||
Operating income margin | 7.7% | 6.5% | 5.9% | 4.7% | 2.6% | (2.1) | - | 3.0% | (0.4) | |||||||||
Ordinary income | 44,794 | 39,977 | 36,900 | 12,536 | 8,665 | (3,870) | (30.9)% | 8,700 | (34) | |||||||||
Profit attributable to owners of parent | 32,356 | 26,366 | 26,100 | 8,516 | 5,487 | (3,028) | (35.6)% | 5,300 | 187 | |||||||||
Profit per share (yen) | 156.46 | 128.65 | 127.35 | 41.55 | 26.77 | (14.78) | 25.86 | |||||||||||
As of | As of | As of | As of | |||||||||||||||
Mar. 31, | Mar. 31, | Sep. 30, | Sep. 30, | |||||||||||||||
2021 | 2022 | 2021 | 2022 | |||||||||||||||
Total assets | 683,022 | 700,259 | 652,721 | 675,070 | ||||||||||||||
Total net assets | 493,209 | 511,843 | 498,911 | 514,176 | ||||||||||||||
Equity ratio | 72.0% | 73.0% | 76.3% | 76.0% | ||||||||||||||
Net assets per share (yen) | 2,400.90 | 2,493.25 |
Net Sales of Completed Construction Contracts | Operating Income | ||||||||||
Operating income margin | |||||||||||
600,000 | 50,000 | 9.0% | |||||||||
7.7% | 8.0% | ||||||||||
500,000 | 40,000 | 6.5% | 7.0% | ||||||||
5.9% | |||||||||||
400,000 | 6.0% | ||||||||||
30,000 | 42,948 | 4.7% | 5.0% | ||||||||
300,000 | 566,794 | 588,000 | |||||||||
556,273 | 37,087 | 4.0% | |||||||||
20,000 | 34,800 | ||||||||||
2.6% | |||||||||||
200,000 | 3.0% | ||||||||||
258,108 | 11,500 | 2.0% | |||||||||
100,000 | 244,144 | 10,000 | 6,599 | ||||||||
1.0% | |||||||||||
0 | 0 | 0.0% | |||||||||
FY2021 | FY2022 | FY2023 | FY2022 | FY2023 | FY2021 | FY2022 | FY2023 | FY2022 | FY2023 | ||
(Millions of yen) | (Forecast) | 1H | 1H | (Millions of yen) | (Forecast) | 1H | 1H |
Ordinary Income
Ordinary margin
50,000 | ||||
8.1% | ||||
40,000 | 7.1% | |||
6.3% | ||||
5.9% | ||||
30,000 | ||||
44,794 | 3.4% | |||
20,000 | 39,977 | 36,900 | ||
12,536 | ||||
10,000 | 8,665 | |||
0 | ||||
FY2021 | FY2022 | FY2023 | FY2022 | FY2023 |
(Millions of yen) | (Forecast) | 1H | 1H |
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% | 5.8% | 6.0% | |||
5.0% | 30,000 | 4.7% | 5.0% | ||
4.4% | |||||
4.0% | 20,000 | 3.5% | 4.0% | ||
3.0% | 32,356 | 3.0% | |||
26,366 | 26,100 | 8,516 | 2.1% | ||
2.0% | 2.0% | ||||
10,000 | |||||
5,487 | |||||
1.0% | |||||
1.0% | |||||
0.0% | 0 | 0.0% | |||
FY2021 | FY2022 | FY2023 | FY2022 | FY2023 | |
(Millions of yen) | (Forecast) | 1H | 1H |
Note: The figures for the same period of the previous year are after the finalization of the provisional accounting treatment for the business combination.
1
1. Summary of Financial Results
(2) Non-Consolidated | (Millions of yen) | |||||||||||||||||
Full year | 1H results | Comparison to | ||||||||||||||||
FY2023 1H (Forecast) | ||||||||||||||||||
FY2023 | FY2022 | FY2023 | FY2023 | |||||||||||||||
FY2021 | FY2022 | Change | % Change | 1H | Difference | |||||||||||||
(Forecast) | 1H | 1H | ||||||||||||||||
(Forecast) | ||||||||||||||||||
Construction orders | 507,222 | 525,998 | 500,000 | 273,063 | 343,389 | 70,326 | 25.8% | |||||||||||
Net sales of completed construction contracts | 486,705 | 493,724 | 500,000 | 214,773 | 223,990 | 9,217 | 4.3% | 220,000 | 3,990 | |||||||||
Gross profit on completed construction contracts | 84,561 | 83,043 | 80,000 | 35,004 | 31,101 | (3,903) | (11.2)% | |||||||||||
Gross profit margin | 17.4% | 16.8% | 16.0% | 16.3% | 13.9% | (2.4) | - | |||||||||||
Selling, general and administrative expenses | 47,064 | 47,907 | 50,000 | 23,538 | 24,737 | 1,199 | 5.1% | |||||||||||
Operating income | 37,496 | 35,136 | 30,000 | 11,466 | 6,363 | (5,103) | (44.5)% | 7,000 | (636) | |||||||||
Operating income margin | 7.7% | 7.1% | 6.0% | 5.3% | 2.8% | (2.5) | - | 3.2% | (0.4) | |||||||||
Ordinary income | 41,541 | 39,443 | 34,000 | 14,527 | 10,343 | (4,184) | (28.8)% | 10,000 | 343 | |||||||||
Profit | 31,065 | 25,824 | 25,000 | 10,727 | 7,472 | (3,255) | (30.3)% | 7,000 | 472 | |||||||||
Profit per share (yen) | 150.22 | 126.00 | 121.98 | 52.34 | 36.46 | (15.88) | 34.16 | |||||||||||
As of | As of | As of | As of | |||||||||||||||
Mar. 31, | Mar. 31, | Sep. 30, | Sep. 30, | |||||||||||||||
2021 | 2022 | 2021 | 2022 | |||||||||||||||
Total assets | 620,793 | 633,822 | 594,226 | 609,032 | ||||||||||||||
Total net assets | 455,023 | 471,438 | 462,103 | 472,737 | ||||||||||||||
Equity ratio | 73.3% | 74.4% | 77.8% | 77.6% | ||||||||||||||
Net assets per share (yen) | 2,220.21 | 2,300.32 |
Construction Orders
600,000 | ||||
500,000 | ||||
400,000 | ||||
300,000 | 525,998 | |||
507,222 | 500,000 | |||
200,000 | 343,389 | |||
273,063 | ||||
100,000 | ||||
0 | ||||
FY2021 | FY2022 | FY2023 | FY2022 | FY2023 |
(Millions of yen) | (Forecast) | 1H | 1H |
Net Sales of Completed Construction Contracts
600,000 | |||||||||||
500,000 | |||||||||||
400,000 | |||||||||||
300,000 | 486,705 | 493,724 | 500,000 | ||||||||
200,000 | |||||||||||
214,773 | 223,990 | ||||||||||
100,000 | |||||||||||
0 | |||||||||||
FY2021 | FY2022 | FY2023 | FY2022 | FY2023 | |||||||
(Millions of yen) | (Forecast) | 1H | 1H |
Operating Income | Profit | ||||||||
Operating income margin | Net profit margin | ||||||||
50,000 | 9.0% | 50,000 | 9.0% | ||||||
7.7% | 7.1% | 8.0% | 8.0% | ||||||||||
40,000 | 7.0% | 40,000 | 6.4% | 7.0% | |||||||||
6.0% | |||||||||||||
6.0% | |||||||||||||
6.0% | |||||||||||||
30,000 | 5.3% | 30,000 | 5.2% | 5.0% | 5.0% | ||||||||
5.0% | 5.0% | ||||||||||||
20,000 | 37,496 | 35,136 | 2.8% | 4.0% | 20,000 | 3.3% | 4.0% | ||||||
3.0% | 3.0% | ||||||||||||
30,000 | 31,065 | ||||||||||||
11,466 | 25,824 | 25,000 | 10,727 | ||||||||||
7,472 | |||||||||||||
10,000 | 2.0% | 10,000 | 2.0% | ||||||||||
6,363 | |||||||||||||
1.0% | 1.0% | ||||||||||||
0 | FY2021 | FY2022 | FY2023 | FY2022 | FY2023 | 0.0% | 0 | FY2021 | FY2022 | FY2023 | FY2022 | FY2023 | 0.0% |
(Millions of yen) | (Forecast) | 1H | 1H | (Millions of yen) | (Forecast) | 1H | 1H | ||||||
2 |
2. Cash Flows (Consolidated)
(Millions of yen) | |||||||||
Full year | 1H | ||||||||
FY2021 | FY2022 | FY2022 1H | FY2023 1H | ||||||
Profit before income taxes | 47,427 | 39,444 | 13,190 | 8,986 | |||||
Depreciation | 6,161 | 6,684 | 3,317 | 3,260 | |||||
Decrease (increase) in notes and accounts receivable-trade | 11,315 | 2,009 | 49,956 | 36,638 | |||||
Decrease (increase) in costs on uncompleted construction contracts | 23 | (1,438) | (8,753) | (9,817) | |||||
Increase (decrease) in notes and accounts payable-trade | (13,687) | 7,562 | (16,397) | (18,334) | |||||
Increase (decrease) in advances received on uncompleted construction contracts | 5,877 | (6,067) | 4,449 | 10,531 | |||||
Other | 1,419 | (1,394) | (19,669) | (17,772) | |||||
Income taxes paid | (15,199) | (13,847) | (11,345) | (11,051) | |||||
Net cash provided by (used in) operating activities | 43,338 | 32,952 | 14,748 | 2,440 | |||||
Purchase of property, plant and equipment | (4,689) | (5,425) | (2,965) | (24,526) | |||||
Purchase of shares of subsidiaries | - | (4,550) | (4,550) | - | |||||
Other | (1,156) | (1) | 2,177 | (3,274) | |||||
Net cash provided by (used in) investing activities | (5,846) | (9,977) | (5,339) | (27,800) | |||||
Purchase of treasury stock | (11,052) | (4) | (1) | (0) | |||||
Cash dividends paid | (6,896) | (7,480) | (3,893) | (3,996) | |||||
Other | 671 | (769) | (755) | (1,008) | |||||
Net cash provided by (used in) financing activities | (17,277) | (8,254) | (4,651) | (5,005) | |||||
Effect of exchange rate change on cash and cash equivalents | (76) | 634 | 286 | 1,974 | |||||
Net increase (decrease) in cash and cash equivalents | 20,137 | 15,355 | 5,043 | (28,390) | |||||
Cash and cash equivalents at the end of period | 169,146 | 184,501 | 174,190 | 156,110 | |||||
50,000 | ||||
43,338 | ||||
40,000 | ||||
32,952 | ||||
30,000 | ||||
20,000 | 14,748 | |||
10,000 | ||||
2,440 | ||||
0 | ||||
(10,000) | (5,846) | (5,339) | (4,651) | (5,005) |
(9,977) | (8,254) | |||
(20,000) | (17,277) | |||
(30,000) | (27,800) | |||
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) | FY2021 | FY2022 | FY2022 1H | FY2023 1H |
Note: The figures for the same period of the previous year are after the finalization of the provisional accounting treatment for the business combination.
3. Capital Investment (Consolidated)
(Millions of yen) | ||||||||||||||
Full year | 1H | |||||||||||||
FY2021 | FY2022 | FY2022 1H | FY2023 1H | Increase | ||||||||||
(Decrease) | ||||||||||||||
Land | 396 | 9.0% | 496 | 8.4% | 0 | 0.0% | 10,236 | 40.7% | 10,236 | |||||
Buildings and structures | 1,258 | 28.5% | 2,235 | 37.7% | 1,106 | 41.0% | 13,269 | 52.7% | 12,163 | |||||
Vehicles | 1,960 | 44.4% | 2,152 | 36.3% | 1,074 | 39.8% | 1,227 | 4.9% | 152 | |||||
Machinery, tools and fixtures | 802 | 18.2% | 1,050 | 17.7% | 520 | 19.3% | 425 | 1.7% | (94) | |||||
Total | 4,417 | 100.0% | 5,935 | 100.0% | 2,700 | 100.0% | 25,158 | 100.0% | 22,457 |
Note: Lease assets are included.
3
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Kinden Corporation published this content on 22 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2022 01:25:06 UTC.
