NIPPON CARBON CO., LTD. Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results
for the Year Ended December 31, 2021
(Based on Japanese GAAP)
Company name: Nippon Carbon Co., Ltd.
Stock exchange listing: Tokyo
Stock code: Representative: Inquiries:
Takafumi Miyashita | |
Hiroshi Fujikawa | |
Scheduled date of ordinary general meeting of shareholders: | March 29, 2022 |
Scheduled date to file Securities Report: | March 29, 2022 |
Scheduled date to commence dividend payments: | March 30, 2022 |
Preparation of supplementary material on financial results: | No |
Holding of financial results meeting: | No |
5302 URLhttps://www.carbon.co.jpRepresentative Director, CEO
General Manager of Business Control Dept.
TEL
03-6891-3730
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended December 31, 2021 (from January 1, 2021 to December 31, 2021)
February 10, 2022
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | |||||
Year ended December 31, 2021 Year ended December 31, 2020 | Millions of yen 31,578 26,802 | % 17.8 (40.3) | Millions of yen 3,706 3,015 | % 22.9 (79.7) | Millions of yen 4,434 3,587 | % 23.6 (76.2) | Millions of yen 2,729 1,810 | % 50.7 (81.3) |
Note:
(1) Consolidated operating results
Percentages indicate year-on-year changes | ||
Year ended December 31, 2021: | ¥3,532 million | [110.1%] |
Year ended December 31, 2020: | ¥1,681 million | [(84.3)%] |
Comprehensive income
Earnings per share | Diluted earnings per share | Profit attributable to owners of parent/equity | Ordinary profit/total assets | Operating profit/net sales | |
Year ended December 31, 2021 Year ended December 31, 2020 | Yen 247.00 163.64 | Yen - - | % 6.1 4.1 | % 6.2 4.8 | % 11.7 11.3 |
Reference:
Share of profit (loss) of entities accounted for using equity method
Total assets | Net assets | Equity ratio | Net assets per share | |
As of December 31, 2021 As of December 31, 2020 | Millions of yen 72,692 70,930 | Millions of yen 52,257 50,998 | % 61.9 62.2 | Yen 4,073.56 3,989.30 |
Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Cash and cash equivalents at end of period | |
Year ended December 31, 2021 Year ended December 31, 2020 | Millions of yen 7,551 3,853 | Millions of yen △608 (4,716) | Millions of yen (3,762) (2,389) | Millions of yen 17,720 14,455 |
Reference:
Year ended December 31, 2021: | ¥42 million |
Year ended December 31, 2020: | ¥(113) million |
(2) Consolidated financial position | |
1 |
Equity
As of December 31, 2021: As of December 31, 2020:
(3) Consolidated cash flows
¥44,987 million ¥44,146 million
2. Cash dividends
Annual dividends per share | Total cash dividends (Total) | Dividend payout ratio (Consolidated) | Ratio of dividends to net assets (Consolidated) | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | ||||
Year ended December 31, 2020 Year ended December 31, 2021 | Yen - - | Yen 100.00 100.00 | Yen - - | Yen 100.00 100.00 | Yen 200.00 200.00 | Millions of yen 2,213 2,208 | % 122.2 81.0 | % 5.0 5.0 |
Year ending December 31, 2022 (Forecast) | - | 100.00 | - | 100.00 | 200.00 |
3. Forecast of consolidated financial results for the year ending December 31, 2022 (from January 1, 2022 to December 31, 2022)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Earnings per share | |||||
Six months ending June 30, 2022 Full year | Millions of yen 17,200 35,800 | % 18.3 13.4 | Millions of yen 2,300 4,900 | % 61.5 32.2 | Millions of yen 2,400 5,000 | % 59.8 12.8 | Millions of yen 1,500 3,100 | % 68.6 13.6 | Yen 135.76 280.57 |
4. Notes
(1) Changes in significant subsidiaries during the year ended December 31, 2021
No
(changes in specified subsidiaries resulting in the change in scope of consolidation):
(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations: Changes in accounting policies due to other reasons:
Changes in accounting estimates:
Restatement of prior period financial statements:
No No No No
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2021
11,832,504 shares
As of December 31, 2020
11,832,504 shares
Number of treasury shares at the end of the period
As of December 31, 2021
788,766 shares
As of December 31, 2020
766,371 shares
Average number of shares during the period
Year ended December 31, 2021 | 11,049,029 shares | Year ended December 31, 2020 | 11,065,281 shares |
* Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
* Proper use of forecasts of financial results, and other special matters
Forward-looking statements provided in this document, including financial forecasts, are based on the information currently available to the Company and certain assumptions considered reasonable. Actual financial results may differ substantially due to various factors.
2
Consolidated financial statements
Consolidated balance sheets
(Millions of yen) | ||
As of December 31, 2020 | As of December 31, 2021 | |
Assets | ||
Current assets | ||
Cash and deposits | 14,600 | 17,865 |
Notes and accounts receivable - trade | 9,228 | 11,592 |
Merchandise and finished goods | 9,366 | 7,896 |
Work in process | 4,524 | 4,595 |
Raw materials and supplies | 3,469 | 2,886 |
Income taxes receivable | 1,350 | - |
Other | 509 | 585 |
Allowance for doubtful accounts | (20) | (22) |
Total current assets | 43,028 | 45,399 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 17,227 | 17,407 |
Accumulated depreciation and impairment | (9,806) | (10,230) |
Buildings and structures, net | 7,420 | 7,177 |
Machinery and equipment | 45,516 | 47,249 |
Accumulated depreciation and impairment | (37,778) | (39,053) |
Machinery and equipment, net | 7,737 | 8,195 |
Vehicles, tools, furniture and fixtures | 3,293 | 3,392 |
Accumulated depreciation and impairment | (2,810) | (2,927) |
Vehicles, tools, furniture and fixtures, net | 483 | 464 |
Land | 3,524 | 3,544 |
Construction in progress | 968 | 132 |
Total property, plant and equipment | 20,135 | 19,515 |
Intangible assets | 198 | 264 |
Investments and other assets | ||
Investment securities | 5,026 | 5,172 |
Deferred tax assets | 334 | 378 |
Other | 2,209 | 1,964 |
Allowance for doubtful accounts | (2) | (2) |
Total investments and other assets | 7,567 | 7,513 |
Total non-current assets | 27,902 | 27,292 |
Total assets | 70,930 | 72,692 |
(Millions of yen) | ||
As of December 31, 2020 | As of December 31, 2021 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 3,321 | 3,900 |
Short-term borrowings | 9,425 | 9,180 |
Accrued expenses | 587 | 516 |
Income taxes payable | 466 | 1,038 |
Provision for bonuses | 146 | 208 |
Provision for bonuses for directors (and other officers) | 43 | 59 |
Provision for loss on order received | 13 | - |
Provision for plant relocation related expense | 159 | - |
Other | 1,418 | 2,123 |
Total current liabilities | 15,580 | 17,027 |
Non-current liabilities | ||
Long-term borrowings | 2,562 | 1,387 |
Deferred tax liabilities | 422 | 633 |
Retirement benefit liability | 771 | 776 |
Provision for retirement benefits for directors (and other officers) | 52 | 55 |
Provision for share awards for directors (and other officers) | 70 | 89 |
Provision for environmental measures | 28 | 28 |
Asset retirement obligations | 62 | 62 |
Other | 380 | 373 |
Total non-current liabilities | 4,351 | 3,407 |
Total liabilities | 19,931 | 20,434 |
Net assets | ||
Shareholders' equity | ||
Share capital | 7,402 | 7,402 |
Capital surplus | 7,857 | 7,857 |
Retained earnings | 29,287 | 29,805 |
Treasury shares | (1,913) | (2,011) |
Total shareholders' equity | 42,634 | 43,054 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 1,542 | 1,868 |
Foreign currency translation adjustment | 53 | 124 |
Remeasurements of defined benefit plans | (84) | (59) |
Total accumulated other comprehensive income | 1,511 | 1,932 |
Non-controlling interests | 6,852 | 7,270 |
Total net assets | 50,998 | 52,257 |
Total liabilities and net assets | 70,930 | 72,692 |
(Millions of yen)
Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income
(Millions of yen) | ||
Fiscal year ended December 31, 2020 | Fiscal year ended December 31, 2021 | |
Net sales | 26,802 | 31,578 |
Cost of sales | 19,673 | 23,539 |
Gross profit | 7,129 | 8,038 |
Selling, general and administrative expenses | 4,113 | 4,332 |
Operating profit | 3,015 | 3,706 |
Non-operating income | ||
Interest income | 1 | 4 |
Dividend income | 119 | 99 |
Foreign exchange gains | 31 | 146 |
Share of profit of entities accounted for using equity method | - | 42 |
Subsidy income | 2 | 2 |
Compensation income | 150 | 366 |
Insurance claim income | 796 | 208 |
Other | 72 | 221 |
Total non-operating income | 1,174 | 1,092 |
Non-operating expenses | ||
Interest expenses | 68 | 61 |
Loss on retirement of non-current assets | 181 | 20 |
Share of loss of entities accounted for using equity method | 113 | - |
Depreciation of inactive non-current assets | 148 | 149 |
Loss on disaster | 48 | 59 |
Other | 42 | 72 |
Total non-operating expenses | 602 | 363 |
Ordinary profit | 3,587 | 4,434 |
Extraordinary income | ||
Gain on sale of investment securities | 62 | 179 |
Total extraordinary income | 62 | 179 |
Extraordinary losses | ||
Loss on fire | 249 | 97 |
Plant relocation related expense | 139 | 84 |
Total extraordinary losses | 389 | 182 |
Profit before income taxes | 3,260 | 4,431 |
Income taxes - current | 797 | 1,362 |
Income taxes - deferred | 182 | 7 |
Total income taxes | 980 | 1,370 |
Profit | 2,280 | 3,060 |
Profit attributable to non-controlling interests | 469 | 331 |
Profit attributable to owners of parent | 1,810 | 2,729 |
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Nippon Carbon Co. Ltd. published this content on 29 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2022 08:23:04 UTC.
