Consolidated Financial Results
for the Fiscal Year Ended March 31, 2021
[Japanese GAAP]
May 14, 2021
Company name: MAEDA ROAD CONSTRUCTION CO., LTD.
Stock exchange listing: Tokyo Stock Exchange
Code number: 1883
URL: https://ssl.maedaroad.co.jp
Representative: Yasuhiko Imaizumi, President and Representative Director
Contact: Seiji Nishi, General Manager, Accounting & Finance Division, Administration Headquarters
Phone: +81-3-5487-0011
Scheduled date of Annual General Meeting of Shareholders: June 25, 2021
Scheduled date of filing annual securities report: June 25, 2021
Scheduled date of commencing dividend payments: June 28, 2021
Availability of supplementary briefing material on annual financial results: Not available
Schedule of annual financial results briefing session: Not scheduled
(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (April 1, 2020 to March 31, 2021)
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||||
owners of parent | ||||||||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||||
234,612 | (1.3) | 20,738 | 5.9 | 21,078 | 6.0 | 16,750 | (11.0) | |||||||
March 31, 2021 | ||||||||||||||
Fiscal year ended | 237,812 | 6.3 | 19,575 | 14.3 | 19,877 | 12.7 | 18,826 | 64.0 | ||||||
March 31, 2020 | ||||||||||||||
(Note) Comprehensive | income: Fiscal year | ended March 31, 2021: ¥ | 18,857 million [23.7%] | |||||||||||
Fiscal year ended March 31, 2020: ¥15,241 million [51.4%] | ||||||||||||||
Basic earnings | Diluted earnings | Rate of return on | Ordinary profit | Operating | profit | |||||||||
per share | per share | equity | to total assets | to net sales | ||||||||||
Fiscal year ended | Yen | Yen | % | % | % | |||||||||
203.23 | - | 9.1 | 8.7 | 8.8 | ||||||||||
March 31, 2021 | ||||||||||||||
Fiscal year ended | 223.02 | - | 9.1 | 7.2 | 8.2 | |||||||||
March 31, 2020 | ||||||||||||||
(Reference) | Equity in earnings | (losses) of associates: | Fiscal year ended March 31, 2021: ¥- million | |||||||||||
Fiscal year ended March 31, 2020: ¥- million | ||||||||||||||
(2) Consolidated Financial Position | ||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | |||||||||||
Million yen | Million yen | % | Yen | |||||||||||
As of March 31, 2021 | 222,930 | 163,560 | 72.7 | 1,967.73 | ||||||||||
As of March 31, 2020 | 264,080 | 206,889 | 77.7 | 2,490.89 |
(Reference) Equity: As of March 31, 2021: ¥162,178 million As of March 31, 2020: ¥205,299 million
(3) Consolidated Cash Flows
Net cash provided by | Net cash provided by | Net cash provided by | Cash and cash | ||||||||||
(used in) operating | (used in) investing | (used in) financing | equivalents at end of | ||||||||||
activities | activities | activities | period | ||||||||||
Fiscal year ended | Million yen | Million yen | Million yen | Million yen | |||||||||
25,612 | 222 | (62,186) | 44,324 | ||||||||||
March 31, 2021 | |||||||||||||
Fiscal year ended | 2,627 | 21,568 | (15,988) | 80,669 | |||||||||
March 31, 2020 | |||||||||||||
2. Dividends | |||||||||||||
Annual dividends | Payout | Dividends | |||||||||||
Total | ratio | to net | |||||||||||
1st | 2nd | 3rd | |||||||||||
Year-end | Total | assets | |||||||||||
quarter-endquarter-endquarter-end | dividends (consolidated) | ||||||||||||
(consolidated) | |||||||||||||
Fiscal year | Yen | Yen | Yen | Yen | Yen | Million yen | % | % | |||||
- | - | - | 100.00 | 750.00 | |||||||||
ended March | 61,815 | 336.3 | 30.8 | ||||||||||
31, 2020 | |||||||||||||
Fiscal year | - | - | - | 70.00 | 70.00 | ||||||||
ended March | 5,769 | 34.4 | 3.1 | ||||||||||
31, 2021 | |||||||||||||
Fiscal year | |||||||||||||
ending March | - | - | - | - | - | - | |||||||
31, 2022 | |||||||||||||
(Forecast) |
(Note) 1. In addition to the above, year-end dividends for the fiscal year ended March 31, 2020 include dividends with record dates other than quarter-ends. For details, please see "Breakdown of dividends with record dates other than quarter-ends" below.
2. The Company will establish a joint holding company through a joint share transfer with Maeda Corporation and MAEDA SEISAKUSHO CO., LTD. as of October 1, 2021 (planned date). Dividends forecast for the fiscal year ending March 31, 2022 is undecided since the dividends will be distributed to the joint holding company. We will announce the dividends forecast of the joint holding company at another time.
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)
Net sales | Operating profit | Ordinary profit | Profit attributable | Basic earnings | |||||
to owners of parent | per share | ||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
Full year | 240,000 | 2.3 | 19,100 | (7.9) | 19,400 | (8.0) | 13,000 | (22.4) | 157.73 |
(Note) The Company will establish a joint holding company through a joint share transfer with Maeda Corporation and MAEDA SEISAKUSHO CO., LTD. as of October 1, 2021 (planned date). The financial results forecast presented above are calculated based on current structure of the Company and we will announce the financial results forecast of the joint holding company at another time.
* Notes:
- Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in scope of consolidation): No
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: No
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common shares)
-
Total number of issued shares at the end of the period (including treasury shares): March 31, 2021: 89,159,453 shares
March 31, 2020: 89,159,453 shares - Total number of treasury shares at the end of the period:
-
Total number of issued shares at the end of the period (including treasury shares): March 31, 2021: 89,159,453 shares
March 31, 2021: 6,740,228 shares
March 31, 2020: 6,739,344 shares
3) Average number of shares during the period:
Fiscal year ended March 31, 2021: 82,419,619 shares
Fiscal year ended March 31, 2020: 84,416,385 shares
(Reference) Summary of Non-consolidated Financial Results
Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (April 1, 2020 to March 31, 2021)
(1) Non-consolidated Operating Results | (% indicates changes from the previous corresponding period.) | ||||||||||||
Net sales | Operating profit | Ordinary profit | Profit | ||||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||
215,743 | (1.8) | 17,708 | 3.9 | 20,059 | 16.9 | 16,907 | (3.6) | ||||||
March 31, 2021 | |||||||||||||
Fiscal year ended | 219,662 | 3.9 | 17,043 | (0.3) | 17,155 | 2.7 | 17,532 | 58.4 | |||||
March 31, 2020 | |||||||||||||
Basic earnings per share | Diluted earnings per share | ||||||||||||
Fiscal year ended | Yen | Yen | |||||||||||
205.14 | - | ||||||||||||
March 31, 2021 | |||||||||||||
Fiscal year ended | 207.69 | - | |||||||||||
March 31, 2020 | |||||||||||||
(2) Non-consolidated Financial Position | |||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||
Million yen | Million yen | % | Yen | ||||||||||
As of March 31, 2021 | 211,074 | 157,205 | 74.5 | 1,907.39 | |||||||||
As of March 31, 2020 | 253,338 | 201,352 | 79.5 | 2,443.00 |
(Reference) Equity: As of March 31, 2021: ¥157,205 million As of March 31, 2020: ¥201,352 million
- These consolidated financial results are outside of the scope of audit by certified public accountants or an audit firm.
-
Explanation of the proper use of financial results forecast and other notes(Notes on forward looking statements)
・The earnings forecasts and other forward-looking statements herein are based on the information available to the Company and certain assumptions deemed reasonable as of the date of publication of this document, and the Company does not intend to make guarantees of achievement. Additionally, actual results may differ significantly from these forecasts due to a wide range of factors. Please refer to "(4) Future Outlook" on page 4 of the attached material for suppositions that form the assumptions for the forecasts and cautions concerning the use thereof.
(Obtaining materials distributed at the annual financial results briefing session)
・The Company has decided to cancel the annual financial results briefing session to prevent the spread of the novel coronavirus disease. The information materials that was scheduled to be used at the session will be posted on the Company's website at a later date
Breakdown of dividends with record dates other than quarter-ends
Year-end dividends for the fiscal year ended March 31, 2020 with record dates other than quarter-ends are as follows:
Record date | March 6, 2020 | Total | |
Dividends per share | ¥650.00 | ¥650.00 | |
Total dividends | ¥53,573 million | ¥53,573 million | |
. |
Table of Contents | ||
1. Overview of Business Results, etc. .................................................................................................................. | 2 | |
(1) | Overview of Business Results for the Fiscal Year Under Review................................................................ | 2 |
(2) | Overview of Financial Position for the Fiscal Year Under Review.............................................................. | 4 |
(3) | Overview of Cash Flows for the Fiscal Year Under Review........................................................................ | 4 |
(4) | Future Outlook ............................................................................................................................................. | 4 |
2. Basic Policy Regarding Selection of Accounting Standards ............................................................................ | 5 | |
3. Consolidated Financial Statements and Primary Notes.................................................................................... | 6 | |
(1) | Consolidated Balance Sheets........................................................................................................................ | 6 |
(2) | Consolidated Statements of Income and Comprehensive Income ............................................................... | 8 |
(3) | Consolidated Statements of Changes in Equity.......................................................................................... | 10 |
(4) | Consolidated Statements of Cash Flows .................................................................................................... | 12 |
(5) | Notes to the Consolidated Financial Statements ........................................................................................ | 14 |
(Notes on going concern assumption) ................................................................................................... | 14 | |
(Additional information) ....................................................................................................................... | 14 | |
(Segment information) .......................................................................................................................... | 16 | |
(Per share information).......................................................................................................................... | 20 | |
(Material subsequent events)................................................................................................................. | 20 | |
4. Complementary Information .......................................................................................................................... | 21 | |
Amount of Orders Received, Net Sales and Amount Carried Forward to Next Period by Business............. | 21 |
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MAEDA Road Construction Co. Ltd. published this content on 31 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2021 08:01:04 UTC.