KOZO KEIKAKU ENGINEERING INC. FYE June 2024 (66th Term)
First Half Financial Results
2024.02.22
https://www.kke.co.jp/
1 | |
Copyright© KOZOKEIKAKU ENGINEERING Inc. All Rights Reserved. | |
Agenda
1.
2.
3.
4.
Overview of Financial Results
Overview of Results by Segment
Forecast for Fiscal Year Ending June 30, 2024 (66th term)
Innovating for a Wise Future
Note pertaining to this data:
- In principle, monetary amounts included in this document are rounded down to the nearest million yen.
- The forward-looking statements included in this document are based on information currently available to the Company and on certain preconditions that the Company deems reasonable. The Company provides no guarantee that what is stated will actually be realized.
- The names of companies, systems, and products included in this document are, as a general rule, trademarks or registered trademarks of companies, including KOZO KEIKAKU ENGINEERING Inc.
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1 Overview of Financial Results
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Income Statement
(Million yen) | ||||
Item | FYE June 2023 | FYE June 2024 | Change from | Rate of change |
(65th term) H1 | (66tth term) H1 | previous FY | from previous FY | |
Net sales | 6,617 | 7,090 | 472 | 7.1% |
Cost of sales | 3,811 | 4,148 | 336 | 8.8% |
Gross profit | 2,805 | 2,941 | 135 | 4.8% |
(Gross margin) | (42.4%) | (41.5%) | ||
SGA expenses | 3,004 | 3,290 | 286 | 9.5% |
Operating profit (loss) | -198 | -348 | -150 | ー |
(Operating margin) | (-3.0%) | (-4.9%) | ||
Non-operating income (expenses) | -59 | 195 | 254 | ー |
Ordinary profit (loss) | -257 | -153 | 104 | ー |
(Ordinary margin) | (-3.9%) | (-2.2%) | ||
Extraordinary income (loss) | － | 0 | 0 | ー |
Profit (loss) before taxes | -257 | -152 | 104 | ー |
Income taxes | -70 | -19 | 50 | ー |
Profit (loss) | -186 | -132 | 53 | ー |
(Net margin) | (-2.8%) | (-1.9%) | ||
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Copyright© KOZOKEIKAKU ENGINEERING Inc. All Rights Reserved. | |||
Trends in H1 Results
Profit (Million yen) | Operating profit (loss) | Ordinary profit (loss) | Profit (loss) | Net sales | Net sales (Million yen) | ||||
1,200 | 7,090 | 8,000 | |||||||
6,617 | |||||||||
900 | 5,552 | 6,000 | |||||||
4,610 | 4,554 | 4,974 | |||||||
4,039 | |||||||||
3,672 | 3,985 | 3,706 | |||||||
600 | 4,000 | ||||||||
300 | 2,000 | ||||||||
0 | 0 | ||||||||
-300 | |||||||||
-600 | |||||||||
-900 |
FYE June | FYE June | FYE June | FYE June | FYE June | FYE June | FYE June | FYE June | FYE June | FYE June |
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
(57th term) | (58th term) | (59th term) | (60th term) | (61st term) | (62nd term) | (63rd term) | (64th term) | (65th term) | (66th term) |
H1 | H1 | H1 | H1 | H1 | H1 | H1 | H1 | H1 | H1 |
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Copyright© KOZOKEIKAKU ENGINEERING Inc. All Rights Reserved. | |||
Balance Sheet (Comparison with the End of the Previous | |||||||||
Fiscal Year) | (Million yen) | ||||||||
Item | FYE June 2023 | FYE June 2024 | Change | Item | FYE June 2023 | FYE June 2024 | Change | ||
(65th term) | (66th term) H1 | (65th term) | (66th term) H1 | ||||||
Cash and deposits | 2,399 | 1,036 | -1,363 | Short-term borrowings | ー | 1,800 | 1,800 | ||
Notes / accounts receivable - | 2,780 | 2,970 | 190 | Current portion of long-term | 958 | 482 | -475 | ||
trade and contract assets | borrowings | ||||||||
Work in process | 22 | 57 | 34 | Advances received | 1,197 | 1,358 | 160 | ||
Other | 1,751 | 2,133 | 381 | Accrued expenses | 1,750 | 249 | -1,501 | ||
Other | 1,791 | 1,733 | -57 | ||||||
[Current assets] | 6,954 | 6,198 | -756 | [Current liabilities] | 5,697 | 5,623 | -74 | ||
Property, plant and equipment | 5,427 | 5,461 | 34 | Long-term borrowings | 650 | 430 | -220 | ||
Intangible assets | 378 | 337 | -40 | Provision for retirement benefits | 2,316 | 2,387 | 71 | ||
Investments and other assets | 5,547 | 5,631 | 83 | Other | 342 | 388 | 46 | ||
Investment securities | 2,777 | 2,791 | 13 | [Non-current liabilities] | 3,308 | 3,206 | -102 | ||
Shares of subsidiaries and | 1,109 | 1,109 | ー | [Liabilities] | 9,006 | 8,829 | -176 | ||
associates | |||||||||
Investments in capital of | 56 | 56 | 0 | Share capital | 1,010 | 1,010 | ー | ||
subsidiaries and associates | |||||||||
Deferred tax assets | 1,177 | 1,251 | 73 | Capital surplus | 1,353 | 1,367 | 14 | ||
Other | 425 | 421 | -3 | Retained earnings | 7,121 | 6,388 | -732 | ||
[Non-current assets] | 11,353 | 11,431 | 78 | Treasury shares | -613 | -285 | 328 | ||
Valuation difference on | 430 | 318 | -112 | ||||||
available-for-sale securities | |||||||||
[Net assets] | 9,301 | 8,799 | -501 | ||||||
[Assets] | 18,307 | 17,629 | -678 | [Liabilities and net assets] | 18,307 | 17,629 | -678 |
*1 Capital ratio FYE June 2023:
*2 Impact of introducing ESOP:
50.8%; FYE June 2024 H1: 49.9%
FYE June 2023: 410 million yen included in treasury shares, and 393 million yen included in current portion of long-term borrowings.
FYE June 2024 H1: 136 million yen in treasury shares, and 42 million yen in current portion of long-term borrowings.
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Copyright© KOZOKEIKAKU ENGINEERING Inc. All Rights Reserved. | |||
[Reference] Balance Sheet (Comparison with the End of the | ||||||||
Previous H1) | (Million yen) | |||||||
Item | FYE June 2023 | FYE June 2024 | Change | Item | FYE June 2023 | FYE June 2024 | Change | |
(65th term) H1 | (66th term) H1 | (65th term) H1 | (66th term) H1 | |||||
Cash and deposits | 746 | 1,036 | 290 | Short-term borrowings | 400 | 1,800 | 1,400 | |
Notes / accounts receivable - | 2,606 | 2,970 | 363 | Current portion of long-term | 690 | 482 | -207 | |
trade and contract assets | borrowings | |||||||
Work in process | 79 | 57 | -22 | Advances received | 1,225 | 1,358 | 132 | |
Other | 1,904 | 2,133 | 229 | Accrued expenses | 219 | 249 | 29 | |
Other | 1,799 | 1,733 | -65 | |||||
[Current assets] | 5,336 | 6,198 | 861 | [Current liabilities] | 4,334 | 5,623 | 1,288 | |
Property, plant and equipment | 5,495 | 5,461 | -33 | Long-term borrowings | 1,568 | 430 | -1,138 | |
Intangible assets | 360 | 337 | -22 | Provision for retirement benefits | 2,339 | 2,387 | 48 | |
Investments and other assets | 4,838 | 5,631 | 793 | Other | 315 | 388 | 72 | |
Investment securities | 2,218 | 2,791 | 573 | [Non-current liabilities] | 4,222 | 3,206 | -1,016 | |
Shares of subsidiaries and | 967 | 1,109 | 142 | [Liabilities] | 8,557 | 8,829 | 272 | |
associates | ||||||||
Investments in capital of | 55 | 56 | 0 | Share capital | 1,010 | 1,010 | ー | |
subsidiaries and associates | ||||||||
Deferred tax assets | 1,175 | 1,251 | 75 | Capital surplus | 1,350 | 1,367 | 16 | |
Other | 420 | 421 | 0 | Retained earnings | 5,539 | 6,388 | 849 | |
[Non-current assets] | 10,693 | 11,431 | 737 | Treasury shares | -716 | -285 | 430 | |
Valuation difference on available- | 288 | 318 | 30 | |||||
for-sale securities | ||||||||
[Net assets] | 7,473 | 8,799 | 1,326 | |||||
[Assets] | 16,030 | 17,629 | 1,598 | [Liabilities and net assets] | 16,030 | 17,629 | 1,598 | |
*1 Capital ratio FYE June 2023 H1:
*2 Impact of introducing ESOP:
46.6%; FYE June 2024 H1: 49.9%
FYE June 2023 H1: 494 million yen included in treasury shares, and 698 million yen included in long-term borrowings.
FYE June 2024 H1: 136 million yen included in treasury shares, and 42 million yen included in current portion of long-term borrowings.
7 | |||
Copyright© | KOZOKEIKAKU ENGINEERING Inc. All Rights Reserved. | ||
Cash Flow Statement Highlights
(Million yen) | |||
FYE June 2023 | FYE June 2024 | ||
H1 | H1 | Change | |
(65th term) | (66th term) | ||
Balance at the beginning of FY | 2,560 | 2,399 | -160 |
CF from operating activities | -1,640 | -2,009 | -368 |
CF from investing activities | -248 | -262 | -13 |
Free CF | -1,888 | -2,271 | -382 |
CF from financing activities | 74 | 908 | 833 |
Balance at the end of FY | 746 | 1,036 | 290 |
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Copyright© KOZOKEIKAKU ENGINEERING Inc. All Rights Reserved. | |||
Cash Flow Statement - Changes
2,399 -2,009
908 1,036
(Million yen)
Breakdown of CF from operating activities
- Loss before taxes | -152 |
- Depreciation | 153 |
- Increase in provision for share-based payments | 27 |
- Increase in provision for bonuses | 567 |
- Increase in provision for bonuses for directors (and | |
other officers) | 41 |
- Increase in provision for retirement benefits | 71 |
- Increase in trade receivables | -190 |
- Increase in inventories | -128 |
- Decrease in accrued expenses | -1,501 |
- Increase in prepaid expenses | -188 |
- Income taxes paid | -215 |
Breakdown of CF from investing activities | |||||||
- Purchase of property, plant and equipment | -69 | ||||||
- Purchase of intangible assets | -33 | ||||||
- Loan advances | -143 | ||||||
-262 | |||||||
Breakdown of CF from financing activities | |||||||
- Net increase in short-term borrowings | 1,800 | ||||||
- Repayments of long-term borrowings | -645 | ||||||
Cash and | CF from | CF from | CF from | Cash and | - Disposal of treasury shares | 407 | |
deposits at the | operating | investing | financing | deposits at the | - Dividends paid | -599 | |
beginning of FY | activities | activities | activities | end of FY | |||
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Copyright© KOZOKEIKAKU ENGINEERING Inc. All Rights Reserved. | |||
2 Overview of Results by Segment
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KKE - Kozo Keikaku Engineering Inc. published this content on 05 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 April 2024 03:47:05 UTC.
