KYOKUYO CO., LTD. Summary of Consolidated Financial Results
For the Second Quarter of the Year Ending March 31, 2022
(Based on Japanese GAAP)
November 5, 2021
Company name: | KYOKUYO CO., LTD. | |
Stock exchange listing: | Tokyo Stock Exchange, First Section | |
Stock code: | 1301 | URL https://www.kyokuyo.co.jp/en/ |
(Yen in millions, rounded down)
1. Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2022 (April 1, 2021- September 30, 2021)
(1) Consolidated Result of Operations (cumulative)
(% figures denote change from the same period in the previous fiscal year)
Net Sales | Operating Profit | Ordinary Profit | Profit attributable to | |||||||||
owners of parent | ||||||||||||
2nd Quarter of the Year | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||
120,880 | 3.4 | 3,222 | 133.6 | 3,428 | 127.7 | 2,438 | 54.5 | |||||
Ending March 31, 2022 | ||||||||||||
2nd Quarter of the Year | 116,861 | -7.9 | 1,379 | 87.6 | 1,505 | 33.4 | 1,577 | 122.1 | ||||
Ended March 31, 2021 | ||||||||||||
(Note) Comprehensive Income: Second Quarter of the year ending March 31, 2022 | ¥2,481 million (-14.9%) | |||||||||||
Second Quarter of the year ended March 31, 2021 | ¥2,915 million (452.1% ) | |||||||||||
Profit per Share | Diluted Profit | |||||||||||
Per Share | ||||||||||||
2nd Quarter of the Year | Yen | Yen | ||||||||||
Ending March 31, 2022 | 226.63 | － | ||||||||||
2nd Quarter of the Year | ||||||||||||
146.78 | － | |||||||||||
Ended March 31, 2021 | ||||||||||||
(Note)The company has applied "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020),
etc. from the beginning of the first quarter of the current fiscal year. The figures for the second quarter of the fiscal year
ending March 31, 2022 are figures after the application of the said accounting standard, etc.
(2) Consolidated Financial Position
Total Assets | Net Assets | Equity Ratio | |
Million yen | Million yen | % | |
As at September 30,2021 | 127,429 | 41,585 | 33.0 |
As at March 31,2021 | 116,331 | 39,975 | 34.7 |
(Reference) Shareholders' Equity : As at September 30,2021 ¥42,070 million As at March 31,2021 ¥40,382 million
(Note)The company has applied "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020),
etc. from the beginning of the first quarter of the current fiscal year. The figures for the second quarter of the fiscal year
ending March 31, 2022 are figures after the application of the said accounting standard, etc.
- 1 -
2. Dividends
Dividend per share | |||||||||
1st Quarter | 2nd Quarter | 3rd Quarter | Year End | Total | |||||
Year Ended March 31, 2021 | Yen | Yen | Yen | Yen | Yen | ||||
－ | － | － | 80.00 | 80.00 | |||||
Year Ending March 31, 2022 | － | ||||||||
Year Ending March 31,2022 | － | － | 80.00 | 80.00 | |||||
(Forecast) | |||||||||
(Note) Revisions to the most recently announced dividends : None |
3. Forecast for the Year Ending March 31, 2022 (April 1, 2021 - March 31, 2022)
(% figures denote change from the previous fiscal year)
Net sales | Operating Profit | Ordinary Profit | Profit attributable to | Profit | ||||||
owners of | parent | Per share | ||||||||
Year | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
Ending | 250,000 | 0.3 | 5,000 | 7.3 | 5,000 | 2.5 | 3,500 | -8.8 | 325.35 | |
March | ||||||||||
31,2022 | ||||||||||
(Note) Revisions to the most recently announced forecast : None |
* Notes
- Major changes among subsidiaries during the period under review: None
- Application of specific accounting treatments in the preparation of quarterly consolidated financial statements: None
- Changes in accounting principles and accounting estimates, retrospective restatements:
(i)Changes due to revisions in accounting standards, etc.: Yes
(ii)Changes other than(i) : None
(iii)Changes in accounting estimates : None
(iv)Retrospective restatements : None
(4) Number of shares issued (common shares)
(i)Number of shares issued at the end of the period (including treasury shares)
(ii)Number of treasury shares at the end of the period (iii)Average number of shares during the period
As at September | 10,928,283 | As at March 31,2021 | 10,928,283 |
30,2021 | |||
As at September | 170,467 | As at March 31,2021 | 170,774 |
30,2021 | |||
As at September | 10,757,684 | As at September | 10,749,646 |
30,2021 | 30,2020 | ||
* The summary of quarterly financial results is not subject to audits.
*Explanation about the appropriate use of the forecasts of financial results, and other noteworthy matters.
The projections and other statements with respect to the future included in this material are based on currently available information and certain assumptions that are judged reasonable by the Company. Please be advised that the Company does not guarantee in any way the achievement of the projections and other goals in this material and that cases may occur where the actual results and other situations differ materially from the projections due to various factors.
- 2 -
Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets
(Million yen) | ||
As at March 31, 2021 | As at September 30, 2021 | |
Assets | ||
Current assets | ||
Cash and deposits | 7,100 | 6,794 |
Notes and accounts receivable - trade | 32,869 | 31,972 |
Inventories | 41,760 | 51,429 |
Other | 4,927 | 5,230 |
Allowance for doubtful accounts | (8) | (9) |
Total current assets | 86,649 | 95,418 |
Non-current assets | ||
Property, plant and equipment | 15,715 | 18,025 |
Intangible assets | 417 | 387 |
Investments and other assets | ||
Investment securities | 11,682 | 11,754 |
Other | 3,478 | 3,455 |
Allowance for doubtful accounts | (1,612) | (1,612) |
Total investments and other assets | 13,547 | 13,597 |
Total non-current assets | 29,681 | 32,010 |
Total assets | 116,331 | 127,429 |
- 3 -
(Million yen) | ||
As at March 31, 2021 | As at September 30, 2021 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 8,941 | 12,422 |
Short-term borrowings | 8,056 | 13,448 |
Commercial papers | 10,000 | 10,000 |
Income taxes payable | 1,721 | 1,103 |
Provisions | 990 | 988 |
Other | 9,478 | 10,337 |
Total current liabilities | 39,189 | 48,299 |
Non-current liabilities | ||
Long-term borrowings | 32,720 | 32,929 |
Provisions | 326 | 363 |
Retirement benefit liability | 3,764 | 3,785 |
Asset retirement obligations | 29 | 29 |
Other | 326 | 436 |
Total non-current liabilities | 37,166 | 37,544 |
Total liabilities | 76,355 | 85,843 |
Net assets | ||
Shareholders' equity | ||
Share capital | 5,664 | 5,664 |
Capital surplus | 1,329 | 1,329 |
Retained earnings | 28,737 | 30,310 |
Treasury shares | (430) | (429) |
Total shareholders' equity | 35,300 | 36,874 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 5,139 | 5,164 |
Deferred gains or losses on hedges | 148 | 116 |
Foreign currency translation adjustment | 95 | 170 |
Remeasurements of defined benefit plans | (301) | (257) |
Total accumulated other comprehensive income | 5,081 | 5,195 |
Non-controlling interests | (407) | (484) |
Total net assets | 39,975 | 41,585 |
Total liabilities and net assets | 116,331 | 127,429 |
- 4 -
Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the six months)
(Million yen) | ||
For the six months | For the six months | |
ended September 30, 2020 | ended September 30, 2021 | |
Net sales | 116,861 | 120,880 |
Cost of sales | 105,036 | 106,951 |
Gross profit | 11,825 | 13,929 |
Selling, general and administrative expenses | 10,445 | 10,706 |
Operating profit | 1,379 | 3,222 |
Non-operating income | ||
Interest income | 2 | 0 |
Dividend income | 64 | 67 |
Share of profit of entities accounted for using equity method | 84 | 5 |
Subsidy income | 66 | 137 |
Foreign exchange gains | 56 | 130 |
Other | 102 | 113 |
Total non-operating income | 376 | 454 |
Non-operating expenses | ||
Interest expenses | 198 | 187 |
Provision for loss on litigation | 4 | 4 |
Provision of allowance for doubtful accounts | (17) | (0) |
Other | 64 | 56 |
Total non-operating expenses | 250 | 247 |
Ordinary profit | 1,505 | 3,428 |
Extraordinary income | ||
Gain on disposal of non-current assets | 18 | 3 |
National subsidy income | 63 | 35 |
Gain on sale of investment securities | 1,267 | － |
Insurance claim income | 116 | － |
Total extraordinary income | 1,465 | 39 |
Extraordinary losses | ||
Loss on disposal of non-current assets | 13 | 2 |
Impairment losses | 519 | 4 |
Loss on disaster | 134 | － |
Loss on tax purpose reduction entry of non-current assets | 62 | 33 |
Loss on valuation of investment securities | － | 7 |
Total extraordinary losses | 730 | 48 |
Profit before income taxes | 2,240 | 3,419 |
Income taxes - current | 1,242 | 993 |
Income taxes - deferred | (264) | 60 |
Total income taxes | 978 | 1,053 |
Profit | 1,261 | 2,366 |
Profit (loss) attributable to : | ||
Owners of parent | 1,577 | 2,438 |
Non-controlling interests | (316) | (71) |
- 5 -
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Kyokuyo Co. Ltd. published this content on 05 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2021 02:41:04 UTC.
