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 May 31, 2022

(Based on Japanese GAAP)

July 14, 2022

Company name:

OHBA CO.,LTD.

Stock exchange listing:

Tokyo

Stock code:

9765

URL http://www.k-ohba.co.jp

Representative:

Representative Director,President

Shigeru Tsujimoto

Inquiries:

Senior Executive Officer

Hirofumi Katayama

TEL 03-5931-5888

Scheduled date of ordinary general meeting of shareholders:

August 26, 2022

Scheduled date to file Securities Report:

August 26, 2022

Scheduled date to commence dividend payments:

August 29, 2022

Preparation of supplementary material on financial results:

No

Holding of financial results meeting:

No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended May 31, 2022 (from June 1, 2021 to May 31, 2022)

(1) Consolidated operating results

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

%

Year ended May 31, 2022

15,933

0.4

1,582

18.6

1,654

19.9

1,085

27.3

Year ended May 31, 2021

15,862

4.3

1,334

16.6

1,380

17.3

852

3.5

Earnings per share

Diluted earnings per

Profit attributable to

Ordinary profit/total

Operating profit/net

share

owners of

assets

sales

parent/equity

Yen

Yen

%

%

%

Year ended May 31, 2022

66.98

64.17

11.4

11.7

9.9

Year ended May 31, 2021

52.04

50.15

10.0

10.4

8.4

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen

%

Yen

As of May 31, 2022

14,426

10,229

68.2

610.30

As of May 31, 2021

13,674

9,299

65.7

551.48

(3) Consolidated cash flows

Cash flows from

Cash flows from

Cash flows from

Cash and cash equivalents

operating activities

investing activities

financing activities

at end of period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Year ended May 31, 2022

(345)

(178)

(521)

1,955

Year ended May 31, 2021

1,994

(847)

(481)

3,002

2. Cash dividends

Annual dividends per share

Total cash

Dividend payout

Ratio of dividends

to net assets

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

dividends (Total)

ratio (Consolidated)

(Consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

Year ended May 31, 2021

-

7.00

-

8.00

15.00

244

28.8

2.9

Year ended May 31, 2022

-

8.00

-

15.00

23.00

371

34.3

4.0

Year ending May 31, 2023

-

11.00

-

11.00

22.00

32.2

(Forecast)

1

3. Forecast of consolidated financial results for the year ending May 31, 2023 (from June 1, 2022 to May 31, 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

16,000

4.2

1,600

1.1

1,650

(0.3)

1,100

1.3

68.23

4. Notes

(1) Changes in significant subsidiaries during the year ended May 31, 2022

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:

Yes

Changes in accounting policies due to other reasons:

No

Changes in accounting estimates:

No

Restatement of prior period financial statements:

No

(3) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

As of May 31, 2022

17,500,000

shares

As of May 31, 2021

18,000,000

shares

Number of treasury shares at the end of the period

As of May 31, 2022

1,378,147

shares

As of May 31, 2021

1,708,716

shares

Average number of shares during the period

Year ended May 31, 2022

16,206,688

shares

Year ended May 31, 2021

16,381,954

shares

2

Consolidated financial statements

Consolidated balance sheets

(Thousands of yen)

As of May 31, 2021

As of May 31, 2022

Assets

Current assets

Cash and deposits

3,002,039

1,955,831

Notes and accounts receivable - trade

2,763,978

-

Notes and accounts receivable - trade, and contract assets

-

4,833,386

Costs on service contracts in progress

1,002,566

252,424

Real estate for sale

5,634

5,634

Other

119,834

575,523

Allowance for doubtful accounts

(513)

-

Total current assets

6,893,540

7,622,800

Non-current assets

Property, plant and equipment

Buildings and structures

1,983,570

1,990,384

Accumulated depreciation

(774,219)

(826,709)

Buildings and structures, net

1,209,350

1,163,675

Machinery, equipment and vehicles

752,310

770,888

Accumulated depreciation

(460,571)

(500,470)

Machinery, equipment and vehicles, net

291,739

270,417

Land

2,657,285

2,659,018

Other

848,414

900,370

Accumulated depreciation

(638,843)

(727,714)

Other, net

209,570

172,655

Total property, plant and equipment

4,367,946

4,265,766

Intangible assets

Software

137,161

111,784

Other

1,781

1,658

Total intangible assets

138,942

113,443

Investments and other assets

Investment securities

1,174,022

1,120,223

Long-term lease and deposits on golf

319,280

324,195

Long-term accounts receivable - other

224,002

-

Distressed receivables

38,168

38,168

Retirement benefit asset

600,737

945,759

Deferred tax assets

14,784

10,771

Other

53,513

23,887

Allowance for doubtful accounts

(150,170)

(38,168)

Total investments and other assets

2,274,339

2,424,838

Total non-current assets

6,781,229

6,804,047

Total assets

13,674,769

14,426,848

3

(Thousands of yen)

As of May 31, 2021

As of May 31, 2022

Liabilities

Current liabilities

Accounts payable - trade

869,267

1,026,721

Current portion of long-term borrowings

60,000

-

Income taxes payable

462,354

330,154

Advances received on service contracts in progress

1,103,036

1,116,404

Provision for bonuses

392,136

501,080

Provision for loss on orders received

-

30

Provision for shareholder benefit program

15,955

17,349

Other

769,519

497,601

Total current liabilities

3,672,270

3,489,341

Non-current liabilities

Retirement benefit liability

11,495

14,536

Asset retirement obligations

250,538

251,647

Deferred tax liabilities

430,635

435,804

Other

9,847

5,712

Total non-current liabilities

702,516

707,701

Total liabilities

4,374,787

4,197,043

Net assets

Shareholders' equity

Share capital

2,131,733

2,131,733

Capital surplus

771,471

532,933

Retained earnings

6,475,454

7,448,995

Treasury shares

(939,040)

(798,125)

Total shareholders' equity

8,439,619

9,315,536

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

385,765

349,041

Remeasurements of defined benefit plans

158,875

174,600

Total accumulated other comprehensive income

544,640

523,642

Share acquisition rights

315,722

390,626

Total net assets

9,299,982

10,229,804

Total liabilities and net assets

13,674,769

14,426,848

4

Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income

(Thousands of yen)

Fiscal year ended

Fiscal year ended

May 31, 2021

May 31, 2022

Net sales

15,862,054

15,933,022

Cost of sales

11,157,956

11,095,417

Gross profit

4,704,098

4,837,605

Selling, general and administrative expenses

3,370,004

3,254,784

Operating profit

1,334,093

1,582,821

Non-operating income

Interest income

17

20

Dividend income

34,440

40,913

Insurance claim and dividend income

8,879

12,063

Gain on sale of securities

4,675

10,767

Penalty income

27,000

-

Other

16,144

18,408

Total non-operating income

91,157

82,173

Non-operating expenses

Interest expenses

5,764

5,114

Guarantee commission

1,479

2,335

Corrective Construction Expenses

21,843

-

Delinquency charges

14,058

3,227

Other

2,081

11

Total non-operating expenses

45,227

10,689

Ordinary profit

1,380,023

1,654,304

Extraordinary income

Gain on sale of non-current assets

240

-

Total extraordinary income

240

-

Extraordinary losses

Loss on sale of non-current assets

-

1,405

Loss on retirement of non-current assets

14,834

1,006

Loss on valuation of investment securities

2,910

-

Loss on valuation of golf club membership

-

10,960

Expenses related to the 100th anniversary of foundation

-

46,454

Other

1,449

-

Total extraordinary losses

19,193

59,827

Profit before income taxes

1,361,070

1,594,477

Income taxes - current

566,022

577,463

Income taxes - deferred

(57,425)

(68,498)

Total income taxes

508,596

508,964

Profit

852,473

1,085,512

Profit attributable to owners of parent

852,473

1,085,512

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

OHBA Co. Ltd. published this content on 15 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2022 07:23:05 UTC.