PIOLAX, INC. Aug. 8, 2023
Brief Financial Report for the First Quarter Ending March 2024
[Based on Japanese Accounting Standards] (Consolidated)
Listed Company: PIOLAX Inc.
Code No.: 5988 | (URL | |||||||||||||||||||
Representative: | President | Yukihiko Shimazu | ||||||||||||||||||
Contact person in charge: | General Manager, Management & Planning Department Toru Nagashima (Tel. 045-577-3880) | |||||||||||||||||||
Estimated submission date of quarterly report: August 9, 2023 | ||||||||||||||||||||
Date scheduled to start dividend payment: - | ||||||||||||||||||||
Preparation of supplementary materials for quarterly financial results: None | ||||||||||||||||||||
Information meeting for quarterly financial results to be held: None | ||||||||||||||||||||
(Amounts are rounded to the nearest million yen) | ||||||||||||||||||||
1. Consolidated performance for the first quarter ending March 31, 2023 (April 1, 2023 to June 30, 2023) | ||||||||||||||||||||
(1) Consolidated business results (Total sum) | (Percentage changes from the same period the previous year) | |||||||||||||||||||
Net sales | Operating income | Ordinary income | Net income attributable to | |||||||||||||||||
owners of PIOLAX Inc. | ||||||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||||||||||
FY3/24 1Q | 15,100 | 8.5 | 901 | -27.1 | 1,089 | -23.5 | 999 | -6.0 | ||||||||||||
FY3/23 1Q | 13,911 | -3.0 | 1,236 | -22.3 | 1,423 | -28.4 | 1,063 | -30.6 | ||||||||||||
Note: Comprehensive income | FY3/24 1Q 1,954 million yen (-49.4%), FY 3/23 1Q 3,861 million yen (6.0%) | |||||||||||||||||||
Quarter net income per | Quarter net income per | |||||||||||||||||||
share | share-diluted | |||||||||||||||||||
Yen | Yen | |||||||||||||||||||
FY3/24 1Q | 29.35 | - | ||||||||||||||||||
FY3/23 1Q | 31.23 | - | ||||||||||||||||||
(2) Consolidate financial position | ||||||||||||||||||||
Total assets | Net assets | Equity capital ratio | ||||||||||||||||||
Millions of yen | Millions of yen | % | ||||||||||||||||||
FY3/24 1Q | 117,757 | 104,259 | 87.2 | |||||||||||||||||
FY3/23 | 115,458 | 104,250 | 88.9 | |||||||||||||||||
(Reference) Equity capital: | FY3/24 1Q | 102,691 million yen, FY 3/23 102,670 million yen | ||||||||||||||||||
2. Cash dividends | ||||||||||||||||||||
Annual dividends | ||||||||||||||||||||
End of first quarter | End of second quarter | End of third quarter | Term end | Full year | ||||||||||||||||
Yen | Yen | Yen | Yen | Yen | ||||||||||||||||
FY3/23 | - | 43.00 | - | 57.00 | 100.00 | |||||||||||||||
FY3/24 | - | |||||||||||||||||||
FY3/24 (Forecast) | 55.00 | - | 47.00 | 102.00 |
Note: 1. Changes in the latest forecasts released: Yes
2. The end of second quarter dividend for the fiscal year ending March 31, 2024 (forecast) includes a 90th anniversary commemorative dividend of 10.00 yen.
3. Forecast consolidated performance for the year ending March 31, 2024 (April 1, 2023 to March 31, 2024)
(Percentage changes from previous period, and changes from the previous first half term for the same term)
Net income attributable | Net income | ||||||||
Net sales | Operating income | Ordinary income | to owners of PIOLAX | ||||||
per share | |||||||||
Inc. | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
First half (total sum) | 30,500 | 10.1 | 1,600 | -3.1 | 2,000 | -3.0 | 1,500 | 4.2 | 44,06 |
Annual | 63,000 | 7.8 | 4,000 | 1.3 | 4,600 | -5.5 | 3,100 | -8.2 | 91.06 |
Note: Changes in the latest forecasts released: Yes
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PIOLAX Inc. (5988) Brief Financial Report for the First Quarter Ending March 2024
2. Quarterly consolidated financial statement
(1) Quarterly consolidated balance sheet
(Millions of Yen) | ||||
Previous consolidated FY | Current first quarter | |||
(March 31, 2023) | (June 30, 2023) | |||
Assets | ||||
Current assets | ||||
Cash and cash equivalents | 36,973 | 36,927 | ||
Notes and accounts receivable-trade | 13,549 | 13,424 | ||
Electronically recorded monetary claims-operating | 1,640 | 1,851 | ||
Marketable securities | 1,864 | 2,070 | ||
Goods and Finished products | 5,554 | 5,538 | ||
Material in progress | 2,186 | 1,986 | ||
Raw materials and inventory goods | 3,047 | 3,015 | ||
Income taxes receivable | 322 | 603 | ||
Other | 1,806 | 1,960 | ||
Allowance for bad loans | -38 | -34 | ||
Total current assets | 66,906 | 67,343 | ||
Fixed assets | ||||
Tangible fixed assets | ||||
Buildings and structures (net) | 7,816 | 7,700 | ||
Machinery equipment and vehicles (net) | 6,796 | 6,709 | ||
Tools, furniture and fixture (net) | 2,431 | 2,417 | ||
Land | 5,830 | 5,839 | ||
Lease asset (net) | 415 | 392 | ||
Construction in progress | 2,224 | 4,034 | ||
Total tangible fixed assets | 25,514 | 27,093 | ||
Intangible fixed assets | ||||
Other | 1,607 | 1,583 | ||
Total intangible fixed assets | 1,607 | 1,583 | ||
Investments and other assets | ||||
Investment account securities | 20,064 | 20,402 | ||
Other | 1,374 | 1,335 | ||
Allowance for bad loans | -8 | -0 | ||
Total investments and other assets | 21,429 | 21,737 | ||
Total fixed assets | 48,551 | 50,414 | ||
Total assets | 115,458 | 117,757 |
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PIOLAX Inc. (5988) Brief Financial Report for the First Quarter Ending March 2024 (Millions of Yen)
Previous consolidated FY | Current first quarter | ||
(March 31, 2023) | (June 30, 2023) | ||
Liabilities | |||
Current liabilities | |||
Accounts payable-trade | 2,756 | 3,070 | |
Accrued income taxes | 282 | 298 | |
Allowance reserve | 936 | 476 | |
Asset removal liabilities | 18 | - | |
Other | 4,287 | 6,777 | |
Total current liabilities | 8,281 | 10,623 | |
Long-term liabilities | |||
Allowance reserve | 113 | 120 | |
Net defined benefit liability | 269 | 279 | |
Asset removal liabilities | 100 | 100 | |
Other | 2,443 | 2,373 | |
Total long-term liabilities | 2,927 | 2,874 | |
Total liabilities | 11,208 | 13,497 | |
Total equity | |||
Equity | |||
Common stock | 2,960 | 2,960 | |
Capital surplus | 2,572 | 2,572 | |
Retained earnings | 94,362 | 93,416 | |
Treasury stock | -4,670 | -4,670 | |
Total shareholders' equity | 95,225 | 94,279 | |
Accumulated other comprehensive income | |||
Unrealized gain on available-for-sale securities | 1,009 | 1,372 | |
Deferred gains or losses on hedges | -0 | -3 | |
Foreign currency translation adjustments | 6,375 | 6,978 | |
Remeasurements of defined benefit plans | 59 | 64 | |
Total accumulated other comprehensive income | 7,445 | 8,411 | |
Minority interests in consolidated subsidiaries | 1,579 | 1,568 | |
Total equity | 104,250 | 104,259 | |
Total liabilities and equity | 115,458 | 117,757 |
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PIOLAX Inc. (5988) Brief Financial Report for the First Quarter Ending March 2024
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Quarterly Consolidated Statements of (Comprehensive) Income (Quarterly Consolidated Statements of Income)
[FY2024 first quarter]
(Millions of Yen) | ||
Previous first quarter | Current first quarter | |
(April 1, 2022 to June 30, 2022) | (April 1, 2023 to June 30, 2023) | |
Net sales | 13,911 | 15,100 |
Cost of sales | 10,106 | 11,433 |
Gross profit | 3,805 | 3,666 |
Selling, general and administrative expenses | 2,568 | 2,765 |
Operating income | 1,236 | 901 |
Non-operating income | ||
Interest income | 36 | 99 |
Dividend income | 29 | 37 |
Equity method investment gain | 177 | 166 |
Other | 57 | 90 |
Total non-operating income | 300 | 394 |
Non-operating expenses | ||
Interest expense | 3 | 2 |
Loss on disposal of property and equipment | 4 | 1 |
Loss on valuation of derivatives | - | 11 |
Cost of lease revenue | 1 | 1 |
Foreign exchange loss | 99 | 71 |
Building demolition expense | - | 115 |
Other | 4 | 2 |
Total non-operating expenses | 113 | 206 |
Ordinary income | 1,423 | 1,089 |
Quarterly net income before taxes and other adjustments | 1,423 | 1,089 |
Corporate taxes | 348 | 76 |
Net income before non-controlling interests | 1,075 | 1,013 |
Net income attributable to non-controlling interests | 12 | 14 |
Net income attributable to owners of PIOLAX Inc. | 1,063 | 999 |
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PIOLAX Inc. published this content on 08 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 August 2023 01:48:03 UTC.
