RIKEN TECHNOS CORPORATION Note: This is an excerpt translation of the "Shihanki-Houkokusho" for the convenience of overseas stakeholders. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. RIKEN TECHNOS CORPORATION assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.
Quarterly Consolidated Financial Statements
(Pursuant to Article 24-4-7, Paragraph 1 of the
Japanese Financial Instruments and Exchange Act)
Second quarter of the 93rd term
From April 1, 2021 to September 30, 2021
RIKEN TECHNOS CORPORATION
2-101, Kanda-Awajicho, Chiyoda-ku, Tokyo, Japan
1 Quarterly Consolidated Financial Statements
(1) Consolidated Balance Sheets
(Thousands of yen) | ||
As of March 31, 2021 | As of September 30, 2021 | |
Assets | ||
Current assets | ||
Cash and deposits | 21,106,010 | 20,664,351 |
Notes and accounts receivable - trade | 21,143,908 | 21,674,287 |
Electronically recorded monetary claims - operating | 2,162,815 | 3,208,969 |
Total current assets | 57,569,939 | 62,327,194 |
Other, net | 590,426 | 581,670 |
Intangible assets |
Total intangible assets | 2,353,868 | 2,297,388 |
Total investments and other assets | 9,814,089 | 9,728,143 |
Merchandise and finished goods | 6,227,760 | 8,376,410 |
Work in process | 692,289 | 765,844 |
Raw materials and supplies | 5,372,437 | 6,582,190 |
Other | 948,638 | 1,139,293 |
Allowance for doubtful accounts | (83,920) | (84,154) |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 9,917,194 | 9,979,275 |
Machinery, equipment and vehicles, net | 8,390,108 | 8,378,057 |
Land | 6,282,764 | 6,313,589 |
Leased assets, net | 59,298 | 45,310 |
Construction in progress | 231,171 | 230,500 |
Total property, plant and equipment | 25,470,963 | 25,528,403 |
Goodwill | 542,063 | 441,336 |
Leased assets | 2,919 | 1,754 |
Other | 1,808,885 | 1,854,298 |
Investments and other assets | ||
Investment securities | 7,736,267 | 7,737,380 |
Long-term loans receivable | 14,269 | 2,838 |
Retirement benefit asset | 883,374 | 913,610 |
Deferred tax assets | 418,840 | 416,175 |
Other | 764,382 | 660,459 |
Allowance for doubtful accounts | (3,045) | (2,320) |
Total non-current assets | 37,638,921 | 37,553,935 |
Total assets | 95,208,860 | 99,881,130 |
(Thousands of yen) | ||
As of March 31, 2021 | As of September 30, 2021 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 16,139,497 | 19,021,924 |
Short-term borrowings | *1 6,976,725 | *1 7,188,110 |
Current portion of long-term borrowings | 448,983 | 463,429 |
Lease obligations | 20,560 | 17,505 |
Income taxes payable | 885,287 | 775,040 |
Provision for bonuses | 721,429 | 794,540 |
Provision for bonuses for directors (and other officers) | 84,709 | 51,431 |
Other | 2,803,299 | 2,352,368 |
Total current liabilities | 28,080,491 | 30,664,351 |
Non-current liabilities | ||
Long-term borrowings | 2,819,082 | 2,730,575 |
Lease obligations | 26,361 | 19,350 |
Deferred tax liabilities | 1,545,671 | 1,640,082 |
140,640 1,052,229 332,387
Provision for share awards for directors (and other officers)
Retirement benefit liability Asset retirement obligations
151,652 1,078,373 334,779
Other | 135,141 | 134,931 |
Total non-current liabilities
6,051,514
6,089,744
Total liabilities | 34,132,006 | 36,754,096 |
Net assets
Shareholders' equity
Share capital Capital surplus Retained earnings
8,514,018 8,514,018
6,597,580 6,597,580
35,561,518 36,910,285
Treasury shares | (517,035) | (489,830) |
Total shareholders' equity
50,156,082
51,532,054
Accumulated other comprehensive income |
Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans
3,999,879
4,064,033
(460,662) 116,428
46,021 70,822
Total accumulated other comprehensive income | 3,585,238 | 4,251,284 |
Non-controlling interests
7,335,533
7,343,695
Total net assets | 61,076,854 | 63,127,034 |
Total liabilities and net assets
95,208,860
99,881,130
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
(Thousands of yen) | ||
Six months ended September 30, 2020 | Six months ended September 30, 2021 | |
Net sales | 40,589,512 | 50,965,196 |
Cost of sales | 33,346,893 | 41,901,027 |
Gross profit | 7,242,619 | 9,064,168 |
Selling, general and administrative expenses | *1 5,569,844 | *1 5,988,081 |
Operating profit | 1,672,774 | 3,076,087 |
Non-operating income | ||
Interest income | 12,819 | 13,135 |
Dividend income | 95,952 | 101,299 |
Foreign exchange gains | - | 70,498 |
Total non-operating income | 229,997 | 324,997 |
Foreign exchange losses | 51,512 | - |
Other | 26,060 | 19,167 |
Total non-operating expenses | 165,213 | 93,246 |
Ordinary profit | 1,737,558 | 3,307,838 |
Extraordinary income | ||
Gain on sale of non-current assets | 3,944 | 474 |
Gain on sale of investment securities | 6,657 | 62,587 |
Total extraordinary income | 10,601 | 63,061 |
Extraordinary losses | ||
Loss on sale of non-current assets | 760 | 6 |
Loss on retirement of non-current assets | 5,875 | 2,026 |
Profit before income taxes | 1,741,524 | 3,368,867 |
Profit | 1,241,455 | 2,487,627 |
Other | 121,225 | 140,064 |
Non-operating expenses | ||
Interest expenses | 78,435 | 56,066 |
Depreciation of assets for rent | 9,204 | 18,013 |
Total extraordinary losses | 6,635 | 2,032 |
Income taxes | 500,068 | 881,239 |
Profit attributable to non-controlling interests | 429,548 | 349,806 |
Profit attributable to owners of parent | 811,906 | 2,137,821 |
Consolidated Statements of Comprehensive Income
(Thousands of yen) | ||
Six months ended September 30, 2020 | Six months ended September 30, 2021 | |
Profit | 1,241,455 | 2,487,627 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 635,113 | 64,110 |
Foreign currency translation adjustment | (599,352) | 863,152 |
Remeasurements of defined benefit plans, net of tax | 52,705 | 24,800 |
Total other comprehensive income | 88,466 | 952,063 |
Comprehensive income | 1,329,922 | 3,439,691 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 1,149,082 | 2,803,411 |
Comprehensive income attributable to non-controlling interests | 180,839 | 636,279 |
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Riken Technos Corporation published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 April 2022 10:11:13 UTC.
