PACIFIC INDUSTRIAL CO., LTD. April 28, 2021
Consolidated Financial Results
For the Fiscal Year Ended March 31, 2021
Company name: PACIFIC INDUSTRIAL CO., LTD.
Stock exchange listings: Tokyo and Nagoya Stock Exchanges (First Section)
Stock code number: 7250
URL: https://www.pacific-ind.co.jp/
Representative: Shinya Ogawa, President
Contact person: Satoshi Watanabe, General Manager of Accounting Dept.
Telephone: +81-584-93-0117
(Amounts less than one million yen are omitted)
1. Consolidated Financial Results for FY 2020 (From April 1, 2020 to March 31, 2021)
(1) Consolidated financial results
(%: changes from the same period of the previous fiscal year)
Net sales | Operating income | Ordinary income | Net income | ||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||
FY 2020 | 150,408 | -9.4 | 8,974 | -14.6 | 11,218 | 0.8 | 7,982 | 10.0 | |||
FY 2019 | 165,969 | 14.4 | 10,511 | 2.0 | 11,130 | -5.4 | 7,256 | -16.9 |
(Note) Comprehensive income: FY2020：15,693 million yen ( 352.9%) | FY2019 : 3,465 million yen ( △48.4% ) | ||||||||||||
Net income | Diluted net income | Return on equity | Return on asset | Operating margin | |||||||||
per share | per share | ||||||||||||
Yen | Yen | % | % | % | |||||||||
FY 2020 | 131.95 | 131.56 | 7.6 | 5.2 | 6.0 | ||||||||
FY 2019 | 120.12 | 119.63 | 7.5 | 5.5 | 6.3 | ||||||||
(Reference) Share of (profit) loss of entities accounted for using equity method: | |||||||||||||
FY2020 : 772 million yen FY2019 : 345 million yen | |||||||||||||
(2) Consolidated financial position | |||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||
Millions | of yen | Millions of yen | % | Yen | |||||||||
FY 2020 | 225,531 | 112,508 | 49.5 | 1,846.06 | |||||||||
FY 2019 | 204,280 | 98,422 | 47.8 | 1,614.01 | |||||||||
(Reference) Equity: | FY2020: 111,714 million yen FY2019: 97,557 million yen | ||||||||||||
(3) Cash flow | |||||||||||||
Cash flows | Cash flows | Cash flows | Cash and cash | ||||||||||
from operating activities | from investing activities | from financing activities | equivalent at end of period | ||||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | ||||||||||
FY 2020 | 26,988 | -18,509 | 808 | 28,058 | |||||||||
FY 2019 | 21,190 | -24,270 | 90 | 18,066 |
2. Cash Dividends
Annual dividends per share | Total annual | Payout ratio | Dividend | |||||||
At end of | At end of | At end of | on equity | |||||||
At year-end | Total | dividends | (consolidate) | |||||||
1stquarter | 2ndquarter | 3rdquarter | (consolidated) | |||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |||
FY2019 | ― | 16.00 | ― | 14.00 | 30.00 | 1,826 | 25.0 | 1.9 | ||
FY2020 | ― | 10.00 | ― | 23.00 | 33.00 | 2,011 | 25.0 | 1.9 | ||
FY2021 | ― | 16.00 | ― | 17.00 | 33.00 | 25.0 | ||||
(forecast) | ||||||||||
3. Forecasts of Consolidated Financial Results for FY2021 (From April 1, 2021 to March 31, 2022)
(%: changes from the | same period of the | previous | fiscal year) | ||||||||
Net sales | Operating income | Ordinary income | Net income | Net income | |||||||
for the year attributable to | |||||||||||
per share | |||||||||||
owners of the parent | |||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |||
First half | 77,500 | 19.5 | 4,000 | 363.8 | 4,800 | 265.4 | 3,300 | 250.1 | 54.53 | ||
FY 2021 | 156,000 | 3.7 | 9,500 | 5.9 | 11,500 | 2.5 | 8,000 | 0.2 | 132.20 |
* Notes
(1) Changes in significant subsidiaries during the period: Yes
(Changes in specified subsidiaries resulting in changes in scope of consolidation)
Newly included: | 1 company | (company name) | PACIFIC INDUSTRIES (THAILAND) CO., LTD. |
Newly excluded: | 2 companies | (company name) | PACIFIC INDUSTRIES (THAILAND) CO., LTD. |
PACIFIC AUTOPARTS (THAILAND) CO., LTD. |
(2) Changes in accounting policies, accounting estimates and restatements
-
Changes in accounting policies with revision of accounting standards : None
②Changes other than ① : None
③Changes in accounting estimates : None
④Restatement : None
(3) Number of shares issued and outstanding (common stock)
- Number of shares outstanding at end of period (including treasury stock)
- Number of shares of treasury stock at end of period
- Average number of shares during the year ended March 31
FY2020 | 61,312,896 | shares | FY2019 | 61,312,896 | shares |
FY2020 | 798,055 | shares | FY2019 | 868,865 | shares |
FY2020 | 60,497,086 | shares | FY2019 | 60,411,973 | shares |
(Reference) Summary of non-consolidated business results
1. Non-Consolidated Financial Result for FY2020 (From April 1, 2020 to March 31, 2021) (1)Non-consolidatedfinancial results
(%: changes from the same period of the previous fiscal year)
Net sales | Operating income | Ordinary income | Net income | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||
FY 2020 | 81,820 | -9.0 | 5,083 | -2.5 | 7,512 | 1.9 | 4,986 | 23.5 | ||||
FY 2019 | 89,901 | 7.6 | 5,212 | -15.2 | 7,370 | -6.4 | 4,038 | -31.5 | ||||
Net income | Diluted net income | |||||||||||
per share | per share | |||||||||||
Yen | Yen | |||||||||||
FY 2020 | 81.81 | 81.57 | ||||||||||
FY 2019 | 66.35 | 66.08 | ||||||||||
(1)Non-consolidated financial position | ||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | |||||||||
Millions of yen | Millions of yen | % | Yen | |||||||||
FY 2020 | 170,909 | 81,464 | 47.6 | 1,333.95 | ||||||||
FY 2019 | 156,731 | 73,753 | 46.9 | 1,208.17 | ||||||||
(Reference) Equity: | FY2020: 81,323 million yen FY2019: 73,569 million yen |
* Indication regarding status of performance of audit procedures
This summary of financial results is not subject to the audit procedures in accordance with the Financial Instruments and Exchange Act. As of the time of disclosure of this summary of financial results, the audit procedures for consolidated financial statements under the Financial Instruments and Exchange Act have not been completed.
- Explanation about appropriate use of the financial results forecasts, and other noteworthy matters Statements related to the future, including the forecasts of financial results, described in this document are based on information currently available to Pacific industrial and on certain assumptions deemed by Pacific industrial to be rational.
CONSOLIDATED BALANCE SHEETS
(Million Yen) | |||||||||
FY2019 | FY2020 | FY2019 | FY2020 | ||||||
(As of Mar.31, 2020) | (As of Mar.31, 2021) | (As of Mar.31, 2020) | (As of Mar.31, 2021) | ||||||
Assets | Liabilities | ||||||||
Current Assets | Current Liabilities | ||||||||
Cash and time deposits | Trade notes and accounts payable | ||||||||
Trade notes and accounts receivable | Electronically recorded obligations - operating | ||||||||
Merchandise and finished goods | Short-term borrowings | ||||||||
Work in process | Current portion of long-term borrowings | ||||||||
Raw materials and supplies | Accounts payable | ||||||||
Other current assets | Income taxes payable | ||||||||
Less: Allowance for doubtful accounts | Allowance for bonuses | ||||||||
Allowance for bonuses to directors | |||||||||
Fixed Assets | Other current liabilities | ||||||||
Property, Plant and Equipment | Noncurrent Liabilities | ||||||||
Buildings and structures | |||||||||
Machinery and vehicles | Long-term borrowings | ||||||||
Tools, Furniture, and fixtures | Provision for directors retirement benefit | ||||||||
Land | Net defined benefit liabilities | ||||||||
Lease Asset | Other noncurrent liabilities | ||||||||
Construction in progress | |||||||||
Total Liabilities | |||||||||
Intangible Fixed Assets | |||||||||
Goodwill | |||||||||
Other | Net assets | ||||||||
Shareholders' Equity | |||||||||
Investments and Other Assets | Capital stock | ||||||||
Investments in securities | Capital surplus | ||||||||
Other fixed assets | Retained earnings | ||||||||
Less: Allowance for doubtful accounts | Less:Treasury stock at cost | ||||||||
Valuation and Translation Adjustment | |||||||||
Valuation difference on available securities | |||||||||
Foreign currency translation adjustments | |||||||||
Remeasurement of defined benefit plan | |||||||||
Subscription rights to shares | |||||||||
Minority Interests | |||||||||
Total Net Assets | |||||||||
Total Assets | Total Liabilities and Net Assets |
CONSOLIDATED STATEMENTS OFINCOME
(Million Yen) | ||||
FY2019 | FY2020 | |||
For the Year Ended | For the Year Ended | |||
Mar.31, 2020 | Mar.31, 2021 | |||
Net sales | ||||
Cost of sales | ||||
Gross profit | ||||
Selling, general and administrative expenses | ||||
Operating Income (loss) | ||||
Non-operating income | ||||
Interest income | ||||
Dividend income | ||||
Equity in earnings of affiliated companies | ||||
Foreign exchange gain | ||||
Other non-operating income | ||||
Non-operating Expenses | ||||
Interest expense | ||||
Foreign exchange losses | ||||
Other non-operating expense | ||||
Ordinary income (loss) | ||||
Extraordinary Losses | ||||
Loss on sales and retirements of fixed assets | ||||
Impairment loss | ||||
Settlement package | ||||
Profit (loss) before income taxes and non controlling interests | ||||
Income taxes | ||||
Current term net profit | ||||
Loss attributable to non-controlling interests | ||||
Profit attributable to owners of parent |
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Disclaimer
Pacific Industrial Co. Ltd. published this content on 28 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2021 08:26:03 UTC.
