October 8, 2021
FY2021 Third-Quarter Consolidated Financial Results
(December 1, 2020 - August 31, 2021)
Company name | : OSG Corporation |
Shares listed | : 1st section of Tokyo and Nagoya Stock Exchanges |
Code number | : 6136 |
Location of the head office | : Aichi Prefecture |
Representative: | : Nobuaki Osawa, President |
Contact person: | : Junichi Kawamura, Accounting Manager |
TEL: 81-533-82-1113 URL https://www.osg.co.jp/en/about_us/ir/ |
1. Consolidated Results for FY2021 Third-Quarter (December 1, 2020 - August 31, 2021)
(1)Consolidated financial results | (Amounts less than one million yen are omitted) | |||||||
Net Sales | Operating income | Ordinary income | Net income attributable | |||||
to OSG Corporation | ||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | |
FY2021 third-quarter | 92,541 | 19.4 | 11,311 | 93.7 | 11,406 | 88.6 | 7,811 | 109.2 |
FY2020 third-quarter | 77,506 | -19.2 | 5,841 | -62.9 | 6,049 | -62.2 | 3,733 | -65.1 |
(Note) Comprehensive income | FY2021 third-quarter: | 12,076 million yen (1,277.3%) | |||
FY2020 third-quarter: | 876 million yen (-73.4%) | ||||
Net income per share | Diluted net income | ||||
per share | |||||
Yen | Yen | ||||
FY2021 third-quarter | 80.07 | 79.24 | |||
FY2020 third-quarter | 38.36 | 37.97 |
(2)Consolidated financial position
Total assets | Net assets | Equity ratio | ||
Million yen | Million yen | % | ||
FY2021 third-quarter | 202,466 | 149,985 | 68.7 | |
FY2020 | 200,112 | 140,179 | 64.6 | |
(Reference) Equity | FY2021 third-quarter: 139,105 million yen | FY2020: 129,338 million yen |
2. Dividends
Dividends per share | ||||
End of Q2 | Year-end | Annual | ||
Yen | Yen | Yen | ||
FY2020 | 11.00 | 11.00 | 22.00 | |
FY2021 | 14.00 | |||
FY2021 forecast | 17.00 | 31.00 |
3. Forecast of Consolidated Results for FY2021 (December 1, 2020 - November 30, 2021)
Net sales | Operating income | Ordinary income | Net income attributable | Net income | |||||
to OSG Corporation | per share | ||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
Annual | 122,000 | 16.9 | 15,000 | 78.6 | 15,200 | 69.8 | 10,000 | 77.3 | 102.51 |
4. Others
(1) Changes in significant subsidiaries during the current period
(Changes in specified subsidiaries that caused a change in the scope of consolidation) : None
- Adoption of accounting method specific to the preparation of consolidated quarterly financial statements Yes
- Changes in accounting principles and accounting estimates and retrospective restatement
(i) Changes in accounting principles due to amendment to accounting standards: | None | |
(ii) | Changes other than (3)-(i) above: | None |
(iii) | Changes in accounting estimates: | None |
(iv) | Retrospective restatement: | None |
- Number of shares issued and outstanding (common stock)
- Number of shares issued and outstanding at the end of each period (including treasury stock):
FY2021 third-quarter: 98,196,724 shares
FY2020:98,179,742 shares
(ii) Number of treasury stock at the end of each period:
FY2021 third-quarter: | 558,753 shares |
FY2020: | 729,381 shares |
- Average number of shares outstanding in each period: FY2021 third-quarter: 97,548,439 shares FY2020 third-quarter: 97,303,736 shares
[Note regarding forecast]
The above forecasts for financial results are based on information available at the time this report was released. These forecasts and other forward-looking statements are not guarantees of future performance. Actual operating results may differ from the above forecasts due to known and unknown risks, uncertainties, and other factors.
Consolidated Summary Balance Sheet
OSG Corporation
Assets | (Million yen : amounts less than one million yen are omitted) | ||||||
FY2020 | FY2021 third-quarter | Change | |||||
As of Nov. 30, 2020 | As of Aug. 31, 2021 | ||||||
Current assets | |||||||
Cash and deposits | 37,807 | 40,630 | |||||
Notes and accounts receivable - trade | 19,733 | 22,002 | |||||
Securities | 0 | 1 | |||||
Merchandise and finished goods | 29,239 | 27,958 | |||||
Work in process | 5,464 | 6,653 | |||||
Raw materials and supplies | 7,321 | 7,592 | |||||
Other | 3,279 | 2,756 | |||||
Allowance for doubtful accounts | (155) | (170) | |||||
Total current assets | 102,691 | 107,424 | 4,732 | ||||
Non-current assets | |||||||
Property, plant and equipment | |||||||
Buildings and structures, net | 24,685 | 24,391 | |||||
Machinery, equipment and vehicles, net | 34,500 | 32,326 | |||||
Land | 14,995 | 15,812 | |||||
Other, net | 5,417 | 5,961 | |||||
Total property, plant and equipment | 79,599 | 78,491 | (1,107) | ||||
Intangible assets | |||||||
Goodwill | 4,273 | 4,819 | |||||
Other | 1,260 | 1,221 | |||||
Total intangible assets | 5,533 | 6,041 | 507 | ||||
Investments and other assets | |||||||
Investment securities | 6,182 | 4,778 | |||||
Other | 6,471 | 6,098 | |||||
Allowance for doubtful accounts | (366) | (366) | |||||
Total investments and other assets | 12,287 | 10,510 | (1,777) | ||||
Total non-current assets | 97,420 | 95,042 | (2,377) | ||||
Total | 200,112 | 202,466 | 2,354 |
Consolidated Summary Balance Sheet
OSG Corporation
Liabilities and Net Assets | (Million yen : amounts less than one million yen are omitted) | ||||||
FY2020 | FY2021 third-quarter | Change | |||||
As of Nov. 30, 2020 | As of Aug. 31, 2021 | ||||||
Liabilities | |||||||
Current liabilities | |||||||
Notes and accounts payable - trade | 4,308 | 4,910 | |||||
Short-term loans payable | 4,473 | 2,356 | |||||
Current portion of convertible bond-type bonds | |||||||
with share acquisition rights | - | 1,670 | |||||
Current portion of long-term loans payable | 8,522 | 1,498 | |||||
Income taxes payable | 630 | 2,616 | |||||
Provision for bonuses | 381 | 1,660 | |||||
Provision for directors' bonuses | 146 | 201 | |||||
Other | 8,858 | 7,697 | |||||
Total current liabilities | 27,323 | 22,611 | (4,711) | ||||
Non-current liabilities | |||||||
Bonds payable | 5,000 | 5,000 | |||||
Convertible bond-type bonds | |||||||
with share acquisition rights | 1,670 | - | |||||
Long-term loans payable | 22,103 | 20,701 | |||||
Net defined benefit liability | 682 | 954 | |||||
Provision for loss on guarantees | 38 | 34 | |||||
Other | 3,115 | 3,180 | |||||
Total non-current liabilities | 32,609 | 29,870 | (2,739) | ||||
Total liabilities | 59,932 | 52,481 | (7,450) | ||||
Net assets | |||||||
Shareholders' equity | |||||||
Capital stock | 12,223 | 12,239 | |||||
Capital surplus | 12,934 | 12,965 | |||||
Retained earnings | 111,594 | 117,017 | |||||
Treasury stock | (1,442) | (1,102) | |||||
Total shareholders' equity | 135,309 | 141,120 | 5,811 | ||||
Accumulated other comprehensive income | |||||||
Valuation difference | |||||||
on available-for-sale securities | 1,105 | 1,038 | |||||
Deferred gains or losses on hedges | 0 | (0) | |||||
Foreign currency translation adjustment | (7,076) | (3,052) | |||||
Total accumulated other comprehensive income | (5,970) | (2,014) | 3,956 | ||||
Share acquisition rights | 13 | - | (13) | ||||
Non-controlling interests | 10,828 | 10,879 | 50 | ||||
Total net assets | 140,179 | 149,985 | 9,805 | ||||
Total liabilities and net assets | 200,112 | 202,466 | 2,354 |
Consolidated Summary Statement of Income
OSG Corporation
(Million yen : amounts less than one millionyen are omitted)
FY2020 third-quarter | FY2021 third-quarter | Change | |||||
(2019/12/1 - 2020/8/31) | (2020/12/1 - 2021/8/31) | ||||||
Net sales | 77,506 | 92,541 | 15,034 | ||||
Cost of sales | 48,670 | 56,862 | 8,192 | ||||
Gross profit | 28,836 | 35,678 | 6,841 | ||||
Selling, general and administrative expenses | 22,995 | 24,366 | 1,370 | ||||
Operating income | 5,841 | 11,311 | 5,470 | ||||
Non-operating income | |||||||
Interest income | 156 | 106 | |||||
Dividend income | 69 | 48 | |||||
Foreign exchange losses | - | 93 | |||||
Subsidy income | 786 | 289 | |||||
Other | 539 | 490 | |||||
Total non-operating income | 1,553 | 1,027 | (525) | ||||
Non-operating expenses | |||||||
Interest expenses | 161 | 199 | |||||
Sales discounts | 476 | 522 | |||||
Foreign exchange losses | 345 | - | |||||
Other | 361 | 210 | |||||
Total non-operating expenses | 1,344 | 932 | (412) | ||||
Ordinary income | 6,049 | 11,406 | 5,357 | ||||
Extraordinary income | |||||||
Gain on sales of non-current assets | 206 | 191 | |||||
Total extraordinary income | 206 | 191 | (15) | ||||
Income before income taxes | 6,256 | 11,597 | 5,341 | ||||
Income taxes - current | 1,798 | 4,310 | 2,511 | ||||
Income taxes - deferred | 623 | (816) | (1,440) | ||||
Total income taxes | 2,422 | 3,493 | 1,071 | ||||
Net income | 3,833 | 8,103 | 4,270 | ||||
Net income attributable to non-controlling interests | 100 | 292 | 192 | ||||
Net income attributable to OSG Corporation | 3,733 | 7,811 | 4,077 |
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OSG Corporation published this content on 08 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2021 06:06:04 UTC.