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)
Third quarter of | From April 1, 2021 |
the 93rd term | to December 31, 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 December 31, 2021 | ||||||
Assets | |||||||
Current assets | |||||||
Cash and deposits | 21,106,010 | 19,885,815 | |||||
Notes and accounts receivable - trade | *1 | 21,143,908 | *1 | 22,714,136 | |||
Electronically recorded monetary claims - | *1 | 2,162,815 | *1 | 3,614,967 | |||
operating | |||||||
Merchandise and finished goods | 6,227,760 | 8,580,816 | |||||
Work in process | 692,289 | 792,497 | |||||
Raw materials and supplies | 5,372,437 | 6,996,929 | |||||
Other | 948,638 | 1,364,964 | |||||
Allowance for doubtful accounts | (83,920) | (84,151) | |||||
Total current assets | 57,569,939 | 63,865,976 | |||||
Non-current assets | |||||||
Property, plant and equipment | |||||||
Buildings and structures, net | 9,917,194 | 9,884,271 | |||||
Machinery, equipment and vehicles, net | 8,390,108 | 8,139,504 | |||||
Land | 6,282,764 | 6,293,394 | |||||
Leased assets, net | 59,298 | 43,710 | |||||
Construction in progress | 231,171 | 292,792 | |||||
Other, net | 590,426 | 544,405 | |||||
Total property, plant and equipment | 25,470,963 | 25,198,080 | |||||
Intangible assets | |||||||
Goodwill | 542,063 | 390,972 | |||||
Leased assets | 2,919 | 1,171 | |||||
Other | 1,808,885 | 1,980,477 | |||||
Total intangible assets | 2,353,868 | 2,372,621 | |||||
Investments and other assets | |||||||
Investment securities | 7,736,267 | 7,888,789 | |||||
Long-term loans receivable | 14,269 | 2,721 | |||||
Retirement benefit asset | 883,374 | 925,742 | |||||
Deferred tax assets | 418,840 | 453,472 | |||||
Other | 764,382 | 648,124 | |||||
Allowance for doubtful accounts | (3,045) | (2,320) | |||||
Total investments and other assets | 9,814,089 | 9,916,530 | |||||
Total non-current assets | 37,638,921 | 37,487,232 | |||||
Total assets | 95,208,860 | 101,353,208 |
(Thousands of yen) | ||||||
As of March 31, 2021 | As of December 31, 2021 | |||||
Liabilities | ||||||
Current liabilities | ||||||
Notes and accounts payable - trade | *1 | 16,139,497 | *1 | 20,142,958 | ||
Short-term borrowings | *2 | 6,976,725 | *2 | 7,165,347 | ||
Current portion of long-term borrowings | 448,983 | 461,700 | ||||
Lease obligations | 20,560 | 16,084 | ||||
Income taxes payable | 885,287 | 501,004 | ||||
Provision for bonuses | 721,429 | 384,293 | ||||
Provision for bonuses for directors (and other | 84,709 | 66,296 | ||||
officers) | ||||||
Other | 2,803,299 | 2,560,723 | ||||
Total current liabilities | 28,080,491 | 31,298,408 | ||||
Non-current liabilities | ||||||
Long-term borrowings | 2,819,082 | 2,654,089 | ||||
Lease obligations | 26,361 | 21,356 | ||||
Deferred tax liabilities | 1,545,671 | 1,755,200 | ||||
Provision for share awards for directors (and | 140,640 | 159,824 | ||||
other officers) | ||||||
Retirement benefit liability | 1,052,229 | 1,095,782 | ||||
Asset retirement obligations | 332,387 | 335,975 | ||||
Other | 135,141 | 98,150 | ||||
Total non-current liabilities | 6,051,514 | 6,120,380 | ||||
Total liabilities | 34,132,006 | 37,418,789 | ||||
Net assets | ||||||
Shareholders' equity | ||||||
Share capital | 8,514,018 | 8,514,018 | ||||
Capital surplus | 6,597,580 | 6,597,580 | ||||
Retained earnings | 35,561,518 | 37,587,806 | ||||
Treasury shares | (517,035) | (474,281) | ||||
Total shareholders' equity | 50,156,082 | 52,225,124 | ||||
Accumulated other comprehensive income | ||||||
Valuation difference on available-for-sale | 3,999,879 | 4,223,960 | ||||
securities | ||||||
Foreign currency translation adjustment | (460,662) | 130,097 | ||||
Remeasurements of defined benefit plans | 46,021 | 83,223 | ||||
Total accumulated other comprehensive income | 3,585,238 | 4,437,281 | ||||
Non-controlling interests | 7,335,533 | 7,272,013 | ||||
Total net assets | 61,076,854 | 63,934,419 | ||||
Total liabilities and net assets | 95,208,860 | 101,353,208 |
- Consolidated Statements of Income and Consolidated Statements of Comprehensive Income Consolidated Statements of Income
(Thousands of yen) | |||
Nine months ended | Nine months ended | ||
December 31, 2020 | December 31, 2021 | ||
Net sales | 63,370,842 | 78,376,008 | |
Cost of sales | 51,484,728 | 64,711,246 | |
Gross profit | 11,886,114 | 13,664,761 | |
Selling, general and administrative expenses | 8,436,490 | 9,073,783 | |
Operating profit | 3,449,623 | 4,590,977 | |
Non-operating income | |||
Interest income | 20,641 | 19,408 | |
Dividend income | 160,122 | 180,360 | |
Foreign exchange gains | - | 192,806 | |
Other | 196,638 | 167,129 | |
Total non-operating income | 377,402 | 559,704 | |
Non-operating expenses | |||
Interest expenses | 112,827 | 82,488 | |
Depreciation of assets for rent | 14,784 | 27,590 | |
Foreign exchange losses | 89,488 | - | |
Other | 47,344 | 28,889 | |
Total non-operating expenses | 264,444 | 138,968 | |
Ordinary profit | 3,562,581 | 5,011,714 | |
Extraordinary income | |||
Gain on sale of non-current assets | 4,785 | 835 | |
Gain on sale of investment securities | 10,768 | 89,167 | |
Total extraordinary income | 15,553 | 90,003 | |
Extraordinary losses | |||
Loss on sale of non-current assets | 759 | 530 | |
Loss on retirement of non-current assets | 6,124 | 4,720 | |
Loss on sale of investment securities | - | 1,409 | |
Total extraordinary losses | 6,884 | 6,660 | |
Profit before income taxes | 3,571,251 | 5,095,056 | |
Income taxes | 847,330 | 1,242,596 | |
Profit | 2,723,920 | 3,852,460 | |
Profit attributable to non-controlling interests | 701,938 | 524,150 | |
Profit attributable to owners of parent | 2,021,981 | 3,328,310 |
Consolidated Statements of Comprehensive Income
(Thousands of yen) | ||||
Nine months ended | Nine months ended | |||
December 31, 2020 | December 31, 2021 | |||
Profit | 2,723,920 | 3,852,460 | ||
Other comprehensive income | ||||
Valuation difference on available-for-sale securities | 1,371,727 | 224,211 | ||
Foreign currency translation adjustment | (1,210,303) | 837,321 | ||
Remeasurements of defined benefit plans, net of tax | 79,057 | 37,201 | ||
Total other comprehensive income | 240,481 | 1,098,734 | ||
Comprehensive income | 2,964,401 | 4,951,194 | ||
Comprehensive income attributable to | ||||
Comprehensive income attributable to owners of parent | 2,775,352 | 4,180,353 | ||
Comprehensive income attributable to non-controlling | 189,048 | 770,841 | ||
interests | ||||
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Riken Technos Corporation published this content on 08 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2022 07:33:09 UTC.
