PACIFIC INDUSTRIAL CO., LTD. April 27, 2022
Consolidated Financial Results
For the Fiscal Year Ended March 31, 2022
Company name: PACIFIC INDUSTRIAL CO., LTD.
Stock exchange listings: Tokyo and Nagoya Stock Exchanges 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 2021 (From April 1, 2021 to March 31, 2022)
(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
164,472 150,408
%
9.4 -9.4
Millions of yen
10,756 8,974
%
19.9 -14.6
(Note) Comprehensive income: FY2021：20,159 million yen ( 28.5%)
Millions of yen
14,615 11,218
%
30.3 0.8
Millions of yen
9,803 7,982
%
22.8 10.0
FY2020 : 15,693 million yen ( 352.9% )
Net income per share | Diluted net income per share | Return on equity | Return on asset | Operating margin | |
FY 2021 FY 2020 | Yen 161.86 131.95 | Yen 161.52 131.56 | % 8.1 7.6 | % 6.2 5.2 | % 6.5 6.0 |
(Reference) Share of (profit) loss of entities accounted for using equity method:
FY2021 : 1,069 million yen FY2020 : 772 million yen
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |
FY 2021 FY 2020 | Millions of yen 245,439 225,531 | Millions of yen 130,382 112,508 | % 52.8 49.5 | Yen 2,138.23 1,846.06 |
(Reference) Equity: FY2021: 129,534 million yen
(3) Cash flow
FY2020: 111,714 million yen
Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Cash and cash equivalent at end of period | |
FY 2021 FY 2020 | Millions of yen 18,317 26,988 | Millions of yen -17,189 -18,509 | Millions of yen -4,059 808 | Millions of yen 26,609 28,058 |
2. Cash Dividends
Annual dividends per share | Total annual dividends | Payout ratio (consolidate) | Dividend on equity (consolidated) | |||||
At end of 1st quarter | At end of 2nd quarter | At end of 3rd quarter | At year-end | Total | ||||
FY2020 FY2021 | Yen ― ― | Yen 10.00 16.00 | Yen ― ― | Yen 23.00 25.00 | Yen 33.00 41.00 | Millions of yen 2,011 2,502 | % 25.0 25.3 | % 1.9 2.0 |
FY2022 (forecast) | ― | 20.00 | ― | 22.00 | 42.00 | 25.4 |
3. Forecasts of Consolidated Financial Results for FY2022 (From April 1, 2022 to March 31, 2023)
(%: changes from the same period of the previous fiscal year)
Net sales
Operating incomeOrdinary income
Net income for the year attributable to owners of the parent
Net income per share
Millions of yen
%Millions of yen
%Millions of yen
%Millions of yen
%
Yen
90,500 178,000
14.8 8.2
4,500 12,500
-10.4 16.2
5,000 14,000
-13.7
-4.2
3,500 10,000
-20.1
2.0
57.77 165.07
* Notes
(1) Changes in significant subsidiaries during the period: Yes
(Changes in specified subsidiaries resulting in changes in scope of consolidation) Newly included: ― (company name)
Newly excluded: 2 companies (company name) AUGUST FRANCE HOLDING COMPANY SAS PACIFIC INDUSTRIES CHINA CORPORATION
(2) Changes in accounting policies, accounting estimates and restatements ① Changes in accounting policies with revision of accounting standards : Yes ② Changes other than ① : None ③ Changes in accounting estimates : None ④ Restatement : None
(3) Number of shares issued and outstanding (common stock)
① Number of shares outstanding at end of period (including treasury stock) | FY2021 | 61,312,896 shares | FY2020 | 61,312,896 shares |
② Number of shares of treasury stock at end of period | FY2021 | 732,655 shares | FY2020 | 798,055 shares |
③ Average number of shares during the year ended March 31 | FY2021 | 60,564,126 shares | FY2020 | 60,497,086 shares |
(Reference) Summary of non-consolidated business results
1. Non-Consolidated Financial Result for FY2021 (From April 1, 2021 to March 31, 2022)
(1)Non-consolidated financial results
(%: changes from the same period of the previous fiscal year)
Net sales | Net income | ||||||
Millions of yen | % | % | Millions of yen | % | |||
FY 2021 | 81,543 | -0.3 | 6,096 | 11,237 | 49.6 | 8,268 | 65.8 |
FY 2020 | 81,820 | -9.0 | 5,083 | 7,512 | 1.9 | 4,986 | 23.5 |
Millions of yen
Operating income Ordinary income
Millions of yen
%
19.9 -2.5
Net income per share | Diluted net income per share | |
FY 2021 FY 2020 | Yen 135.52 81.81 | Yen 135.23 81.57 |
(1)Non-consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |
FY 2021 FY 2020 | Millions of yen 183,475 170,909 | Millions of yen 90,800 81,464 | % 49.4 47.6 | Yen 1,486.22 1,333.95 |
(Reference) Equity: FY2021: 90,702 million yen FY2020: 81,323 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)
FY2020 (As of Mar.31, 2021) | FY2021 (As of Mar.31, 2022) | FY2020 (As of Mar.31, 2021) | FY2021 (As of Mar.31, 2022) | ||
（Assets） Current Assets | 71,456 | 82,351 | （Liabilities） Current Liabilities | 47,874 | 44,910 |
Cash and time deposits Trade notes and accounts receivable Notes receivable - trade Accounts receivable Merchandise and finished goods Work in process Raw materials and supplies Accounts receivable Other current assets Less: Allowance for doubtful accounts Fixed Assets | 28,332 24,027 - - 6,969 4,383 4,148 3,113 614 (133) 154,075 | 27,014 - 1,495 28,503 7,834 6,209 6,429 4,164 859 (159) 163,087 | Trade notes and accounts payable Electronically recorded obligations - operating Short-term borrowings Current portion of long-term borrowings Accounts payable Accrued expenses Income taxes payable Consumption taxes payable Deposit received Allowance for bonuses Notes payable - facilities Other current liabilities Noncurrent Liabilities | 12,005 7,566 4,188 9,614 5,057 2,502 2,404 679 172 1,536 19 2,127 65,148 | 13,189 8,095 1,015 5,986 4,387 2,536 3,234 491 191 1,671 85 4,025 70,146 |
Property, Plant and Equipment Buildings and structures Machinery and vehicles Tools, Furniture, and fixtures Land Lease Asset Construction in progress Intangible Fixed Assets Goodwill Other Investments and Other Assets Investments in securities Long-term loans Deferred tax assets Net defined benefit asset Other fixed assets Less: Allowance for doubtful accounts | 101,983 28,781 48,227 5,816 10,089 1,104 7,963 12,640 7,304 5,336 39,450 32,497 | 104,348 30,218 47,797 2,140 10,456 1,036 12,699 12,063 6,751 5,312 46,675 38,473 | |||
Long-term borrowings Deferred tax liabilities Provision for directors retirement benefit Net defined benefit liabilities Other noncurrent liabilities | 52,480 10,388 161 716 1,401 | 55,099 11,455 160 610 2,821 | |||
Total Liabilities | 113,023 | 115,056 | |||
（Net assets） Shareholders' Equity | 94,700 | 102,265 | |||
Capital stock Capital surplus Retained earnings Less:Treasury stock at cost Valuation and Translation Adjustment | 7,316 | 7,316 | |||
60 | 43 | 7,643 | 7,683 | ||
259 5,903 732 (3) | 433 6,791 940 (8) | 79,964 (224) 17,013 | 87,470 (205) 27,268 | ||
Valuation difference on available securities Foreign currency translation adjustments Remeasurement of defined benefit plan Subscription rights to shares | 14,893 1,135 985 141 | 18,284 7,602 1,381 97 | |||
Minority Interests | 652 | 751 | |||
Total Net Assets | 112,508 | 130,382 | |||
Total Assets | 225,531 | 245,439 | Total Liabilities and Net Assets | 225,531 | 245,439 |
Consolidated Statements of Income
(Million Yen)
FY2020 For the Year Ended Mar.31, 2021 | FY2021 For the Year Ended Mar.31, 2022 | |
Net sales Cost of sales | 150,408 129,280 | 164,472 141,002 |
Gross profit | 21,127 | 23,469 |
Selling, general and administrative expenses | 12,152 | 12,712 |
Operating Income (loss) | 8,974 | 10,756 |
Non-operating income Interest income Dividend income Equity in earnings of affiliated companies Foreign exchange gain Subsidy income Other non-operating income Non-operating Expenses Interest expense Other non-operating expense | 2,665 36 625 772 627 18 584 421 365 55 | 4,242 46 733 1,069 1,192 589 611 383 334 49 |
Ordinary income (loss) | 11,218 | 14,615 |
Extraordinary Losses Loss on sales and retirements of fixed assets Settlement package | 965 162 802 | 810 810 ― |
Profit (loss) before income taxes and non controlling interests | 10,253 | 13,805 |
Income taxes | 2,273 | 3,937 |
Current term net profit (loss) | 7,979 | 9,868 |
Profit (loss) attributable to non-controlling interests | (3) | 64 |
Profit (loss) attributable to owners of parent | 7,982 | 9,803 |
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Pacific Industrial Co. Ltd. published this content on 27 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2022 07:54:08 UTC.
