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 |
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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 |
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(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 |
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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.