NISSEI ASB MACHINE 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 Three Months Ended December 31, 2022 (Based on Japanese GAAP)
February 10, 2023 | ||||
Company name: | NISSEI ASB MACHINE CO., LTD. | |||
Stock exchange listing: | Tokyo | |||
Stock code: | 6284 | URL https://www.nisseiasb.co.jp | ||
Representative: | Representative Director, President and COO | Junichi Miyasaka | ||
Inquiries: | General Manager Finance Accounting | Yuichi Yamamoto | TEL 0267-23-1560 | |
Scheduled date to file Quarterly Securities Report: | February 14, 2023 | |||
Scheduled date to commence dividend payments: | - | |||
Preparation of supplementary material on quarterly financial results: | No | |||
Holding of quarterly financial results meeting: | No |
((Amounts less than one million yen are rounded down))
1. Consolidated financial results for the three months ended December 31, 2022 (from October 1, 2022 to December 31, 2022)
(1) Consolidated operating results (cumulative) | Percentages indicate year-on-year changes | |||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||
owners of parent | ||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |
Three months ended December 31, 2022 | 6,933 | 1.3 | 1,311 | 13.7 | 8 | (99.5) | 47 | (95.8) |
Three months ended December 31, 2021 | 6,847 | (13.2) | 1,153 | (39.9) | 1,545 | (10.0) | 1,125 | (12.5) |
Earnings per share | Diluted earnings per share | ||||||||
Yen | Yen | ||||||||
Three months ended December 31, 2022 | 3.18 | - | |||||||
Three months ended December 31, 2021 | 75.08 | - | |||||||
(2) Consolidated financial position | |||||||||
Total assets | Net assets | Equity ratio | |||||||
Millions of yen | Millions of yen | % | |||||||
As of December 31, 2022 | 64,794 | 42,690 | 65.8 | ||||||
As of September 30, 2022 | 68,956 | 45,903 | 66.5 | ||||||
2. Cash dividends | |||||||||
Annual dividends per share | |||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | ||||||
Yen | Yen | Yen | Yen | ||||||
Year ended September 30, 2022 | - | 0.00 | - | 100.00 | |||||
Year ending September 30, 2023 | - | ||||||||
Year ending September 30, 2023 | 0.00 | - | 100.00 | ||||||
(Forecast) | |||||||||
Total
Yen 100.00
100.00
3. Forecast of consolidated financial results for the year ending September 30, 2023 (from October 1, 2022 to September 30, 2023)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | |||||
owners of parent | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
Full year | 34,000 | 12.3 | 6,500 | 17.0 | 7,000 | (21.6) | 5,000 | (18.4) | 333.52 |
1
4. Notes
- Changes in significant subsidiaries during the three months ended December 31, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation):
- Application of special accounting methods for preparing quarterly consolidated financial statements:
No
No
(3) 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: | Yes |
Changes in accounting policies due to other reasons: | No |
Changes in accounting estimates: | No |
Restatement of prior period financial statements: | No |
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2022 | 15,348,720 | shares | As of September 30, 2022 | 15,348,720 | shares | |
Number of treasury shares at the end of the period | ||||||
As of December 31, 2022 | 357,344 | shares | As of September 30, 2022 | 357,308 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Three months ended December 31, 2022 | 14,991,406 | shares | Three months ended December 31, 2021 | 14,991,506 | shares |
2
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | ||
As of September 30, 2022 | As of December 31, 2022 | |
Assets | ||
Current assets | ||
Cash and deposits | 19,188 | 17,798 |
Notes and accounts receivable - trade | 6,687 | 5,868 |
Merchandise and finished goods | 2,471 | 2,338 |
Work in process | 9,135 | 8,641 |
Raw materials and supplies | 9,389 | 9,466 |
Other | 1,485 | 1,336 |
Allowance for doubtful accounts | (60) | (75) |
Total current assets | 48,296 | 45,373 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 5,665 | 5,259 |
Machinery, equipment and vehicles, net | 6,466 | 5,720 |
Land | 1,980 | 1,980 |
Other, net | 4,323 | 4,143 |
Total property, plant and equipment | 18,436 | 17,104 |
Intangible assets | 111 | 101 |
Investments and other assets | ||
Investment securities | 277 | 341 |
Other | 1,959 | 1,988 |
Allowance for doubtful accounts | (124) | (113) |
Total investments and other assets | 2,112 | 2,215 |
Total non-current assets | 20,659 | 19,421 |
Total assets | 68,956 | 64,794 |
3
(Millions of yen) | ||
As of September 30, 2022 | As of December 31, 2022 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 1,685 | 2,129 |
Short-term borrowings | 1,805 | 1,637 |
Income taxes payable | 1,704 | 317 |
Contract liabilities | 4,038 | 5,075 |
Provision for bonuses | 643 | 316 |
Provision for bonuses for directors (and other officers) | 53 | 12 |
Other | 1,923 | 1,958 |
Total current liabilities | 11,854 | 11,448 |
Non-current liabilities | ||
Long-term borrowings | 9,105 | 8,732 |
Provision for retirement benefits for directors (and other | 534 | 530 |
officers) | ||
Retirement benefit liability | 833 | 798 |
Other | 725 | 594 |
Total non-current liabilities | 11,198 | 10,655 |
Total liabilities | 23,053 | 22,104 |
Net assets | ||
Shareholders' equity | ||
Share capital | 3,860 | 3,860 |
Capital surplus | 3,196 | 3,196 |
Retained earnings | 38,098 | 36,647 |
Treasury shares | (301) | (301) |
Total shareholders' equity | 44,854 | 43,403 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 52 | 105 |
Foreign currency translation adjustment | 979 | (834) |
Remeasurements of defined benefit plans | (20) | (20) |
Total accumulated other comprehensive income | 1,010 | (749) |
Non-controlling interests | 37 | 36 |
Total net assets | 45,903 | 42,690 |
Total liabilities and net assets | 68,956 | 64,794 |
4
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen) | ||
Three months ended | Three months ended | |
December 31, 2021 | December 31, 2022 | |
Net sales | 6,847 | 6,933 |
Cost of sales | 3,695 | 3,488 |
Gross profit | 3,152 | 3,445 |
Selling, general and administrative expenses | 1,998 | 2,133 |
Operating profit | 1,153 | 1,311 |
Non-operating income | ||
Interest income | 34 | 57 |
Dividend income | 3 | 4 |
Foreign exchange gains | 364 | - |
Commission income | - | 100 |
Other | 6 | 23 |
Total non-operating income | 408 | 186 |
Non-operating expenses | ||
Interest expenses | 11 | 8 |
Foreign exchange losses | - | 1,433 |
Litigation expenses | 4 | 41 |
Other | 1 | 6 |
Total non-operating expenses | 16 | 1,490 |
Ordinary profit | 1,545 | 8 |
Profit before income taxes | 1,545 | 8 |
Income taxes - current | 137 | 46 |
Income taxes - deferred | 282 | (84) |
Total income taxes | 419 | (37) |
Profit | 1,125 | 46 |
Profit (loss) attributable to non-controlling interests | 0 | (1) |
Profit attributable to owners of parent | 1,125 | 47 |
5
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Nissei ASB Machine Co. Ltd. published this content on 10 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 February 2023 07:35:01 UTC.
