Ryoyo Electro : Financial Review for the Year Ended (January 31, 2023)

March 08, 2023

March 9, 2023

Financial Review for the Year

Ended January 31, 2023

Company name:	RYOYO ELECTRO CORPORATION
Headquarters address:	12-22 Tsukiji 1-chome,Chuo-ku, Tokyo 104-8408 Japan
URL:	https://www.ryoyo.co.jp
Stock exchange listing:	Tokyo Stock Exchange Prime Section
Code number:	8068
Company representative:	Moritaka Nakamura, President & Chief Executive Officer
Inquiries:	Masayuki Takahashi, Executive General Manager,Administration Headquaters
	Tel: +81-3-3543-7711	E-mail: irmanager@ryoyo.co.jp

Due date	of annual shareholders meeting	: April 26, 2023
Due date	of starting delivery of dividends	: April 27, 2023
Due date	of submitting of financial statement	: April 26, 2023
Supplementary materials for the quarterly financial results	: Yes
Investor	conference for the quarterly financial results
（for security analysts and institutional investors）	: Yes

Note: Figures are rounded down to the nearest million yen.

１．Financial highlights for the year ended January 31, 2023（2/1/2022-1/31/2023）

（１）Consolidated operating results

Note: Percentages indicated changes from the same period of previous year.

		Net sales		Operating profit	Ordinary profit

		Millions of yen	％	Millions of yen	％	Millions of yen	％
Year ended 1/31/23	129,912	15.9		4,693	107.9	4,477	86.5
Year ended 1/31/22	112,099	17.0		2,258	78.2	2,400	165.2
Note: Comprehensive income
	Year ended 1/31/23:	3,729	million yen	( 85.0%)
	Year ended 1/31/22:	2,015	million yen	(316.5%)

		Profit				Fully		Ordinary	Operating
			Net income		diluted	Return on	income to
		attributable to		income to
		per share	net income	equity	total
		owners of parent	net sales
				per share		assets


		Millions of yen	％	Yen		Yen	％	％	％
	Year ended 1/31/23	3,056	63.1	151.46		151.23	7.0	5.6	3.6
	Year ended 1/31/22	1,873	132.4	103.94		103.20	4.7	3.6	2.0

(Reference) Investment profit/loss on equity method: Year ended 1/31/23: － million yen Year ended 1/31/22: － million yen

（２）Consolidated financial position
			Total assets	Net assets	Equity ratio	Net assets per share
			Millions of yen	Millions of yen	％	Yen
As	of	1/31/23	88,409	44,725	50.6	2,213.66
As	of	1/31/22	72,652	42,309	58.2	2,130.47

(Reference) Equity

Year ended 1/31/23: 44,697 million yen

Year ended 1/31/22: 42,278 million yen

（３）Consolidated cash flows

	Cash flows from
	operating
	activities
	Millions of yen
Year ended 1/31/23	(2,553)
Year ended 1/31/22	(8,090)

Cash flows from investing activities

Millions of yen 150 2,554

Cash flows from financing activities

Millions of yen 11,549 6,872

Cash and cash equivalents at the end of the period

Millions of yen 19,031 9,204

２．Dividends
		Cash dividends per share		Total
		Six	Year		dividends	Payout	Dividends on
		months	Total	Paid	ratio	equity
		ended
		ended		(Full Year)

	(Base date)	Yen	Yen	Yen	Millions of yen	％	％
Year ended	1/31/22	60.00	60.00	120.00	2,253	115.4	5.6
Year ended	1/31/23	50.00	60.00	110.00	2,221	72.6	5.1
Year ending 1/31/24 (Estimate)	60.00	60.00	120.00	－	44.1	－

３．Financial forecast for the year ending January 31,2024（2/1/2023-1/31/2024）

Note: Percentages indicated changes from the same period of previous year.

			Operating				Profit		Net income per
	Net sales		Ordinary profit	attributable to
	profit			share
							owners of parent


	Millions of yen	％	Millions of yen	％	Millions of yen	％	Millions of yen	％	Yen
Year ending	120,000	(7.6)	3,600	(23.3)	6,500	45.2	5,500	79.9	272.39
1/31/24

４．Others

（1）Important changes in subsidiaries

(Change on specific subsidiaries with changes in scope of consolidation): None

Newly added: － Excluded: －

（2）Changes in principles, procedures and method of presentation for consolidated financial statements ① Changes in accounting policies: Yes

② Other changes: None

③ Change in accounting estimate: None

④ Restatement of revisions: None

（3）Number of shares outstanding (common shares)

① Number of shares of common shares issued as of: (Including treasury shares)

January 31,2023: 26,800,000 shares

January 31,2022: 26,800,000 shares

② Number of shares of treasury shares: January 31,2023: 6,608,536 shares January 31,2022: 6,955,177 shares

③ Average number of shares outstanding as of: January 31,2023: 20,179,911 shares January 31,2022: 18,025,204 shares

(Reference) Non-consolidated financial review

1.Financial highlights for the year ended January 31,2023 (2/1/2022-1/31/2023)

（１）Operating results

Note: Percentages indicated changes from the same period of previous year.

Year	ended	1/31/23
Year	ended	1/31/22

Net sales
Millions of yen	％
94,297	15.5
81,650	11.7


Operating profit
Millions of yen	％
3,498	105.2
1,704	62.9


Ordinary profit
Millions of yen	％
3,264	51.9
2,148	(11.2)

Year	ended	1/31/23
Year	ended	1/31/22

Net income
Millions of yen	％
2,068	13.5
1,823	(17.4)

Net income per share

Yen 102.52 101.16

Fully diluted net income per share

Yen 102.36 100.44

（２）Financial position

	Total assets	Net assets	Equity ratio	Net assets per
	share

	Millions of yen	Millions of yen	％	Yen
As of 1/31/23	76,341	39,729	52.0	1,966.22
As of 1/31/22	61,270	39,166	63.9	1,972.09

(Reference) Equity

Year ended 1/31/23: 39,700 million yen

Year ended 1/31/22: 39,135 million yen

Indication regarding the implementation status of auditing procedure

This Financial Review is not subject to audit procedure under the Financial Instruments and Exchange Act.

Caution on estimates for the year ending January 31,2024

The above forecast was made based on the information available as of the date of this release. Actual results could significantly differ from the above forecast due to a variety of factors.

※ This financial review is only the translation of Japanese version.

Consolidated Balance Sheets

		(Millions of yen)
	As of	As of
	January 31, 2022	January 31, 2023

	Amount	Amount

（ Assets ）
Current Assets
Cash and deposits	9,204	19,031
Notes and accounts receivable - trade	28,663	－
Notes and accounts receivable - trade, and contract assets	－	30,966
Electronically recorded monetary claims - operating	3,494	3,886
Securities	500	－
Merchandise and finished goods	19,466	23,623
Work in process	122	174
Other	1,505	1,502
Allowance for doubtful accounts	(5)	(1)

Total current assets	62,952	79,183
Non - current assets

Property, plant and equipment
Tools, furniture and fixtures, net	74	73
Land	5	5
Construction in progress	6	7
Other, net	132	139

Total property, plant and equipment	219	226
Intangible assets

Goodwill	535	471
Other	297	361

Total Intangible assets	832	832
Investments and other assets

Investment securities	5,721	5,406
Deferred tax assets	53	110
Retirement benefit asset	1,621	1,589
Other	1,737	1,642
Allowance for doubtful accounts	(485)	(582)

Total investments and other assets	8,648	8,166

Total noncurrent assets	9,700	9,225

Total assets	72,652	88,409

Attachments

Original Link
Original Document
Permalink

Disclaimer

Ryoyo Electro Corporation published this content on 09 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 April 2023 13:13:04 UTC.

Ryosan Company, Limited completed the acquisition of Ryoyo Electro Corporation for ¥95.2 billion.	Mar. 31	CI
Ryoyo Electro Corporation completed the acquisition of 18.71% stake in Ryosan Company, Limited from Silchester International Investors LLP	23-05-14	CI
Ryoyo Electro Corporation agreed to acquire 18.71% stake in Ryosan Company, Limited from Silchester International Investors LLP for approximately ¥15.8 billion.	23-02-06	CI
Taoglas Announces New Distribution Agreement with Ryoyo Electro for Japanese Market Expansion	22-11-22	CI
Ryoyo Electro Corporation announced that it has received ¥19.068 million in funding from Daiwa Securities Co. Ltd.	21-06-27	CI
Ryoyo Electro Corporation announced that it expects to receive ¥19.068 million in funding from Daiwa Securities Co. Ltd.	21-06-09	CI
Restar Holdings Withdraws Shareholder Proposal to Amita Holdings	20-11-11	CI
Tranche Update on Ryoyo Electro Corporation's Equity Buyback Plan announced on August 31, 2020.	20-10-14	CI
Ryoyo Electro Corporation's Equity Buyback announced on August 31, 2020 has expired with 7,344,173 shares for ¥21,959.08 million.	20-10-13	CI
Ryoyo Electro Corporation announces an Equity Buyback for 7,357,900 shares, representing 29.81% for ¥22,000.12 million.	20-08-31	CI
Ryoyo Electro Corporation authorizes a Buyback Plan.	20-08-30	CI
Ryoyo Electro Corporation Reports Consolidated and Non- Consolidated Earnings Results for the Year Ended January 31, 2020; Provides Earnings Guidance for the Year Ending January 31, 2021	20-03-09	CI
Restar Holdings Submits Shareholder Proposal to Ryoyo Electro	20-02-19	CI
Ryoyo Electro Corporation Announces Consolidated Earnings Results for the Nine Months Ended October 31, 2019; Provides Earnings Guidance for the Year Ending January 31, 2020	19-11-27	CI
AI Medical Service Inc. announced that it has received ¥4.6 billion in funding from a group of investors	19-10-03	CI
Ryoyo Electro Corp. Reports Consolidated Earnings Results for the Six Months Ended July 31, 2019; Provides Earnings Guidance for the Full Year Ending January 31, 2020	19-08-28	CI
Restar Holdings Corporation completed the acquisition of 20% stake in Ryoyo Electro Corporation (TSE : 8068) from Simplex Asset Management Co., Ltd. and Simplex Asset Management (HK) Company Limited.	19-05-30	CI
Restar Holdings Corporation entered into an agreement to acquire 20% stake in Ryoyo Electro Corporation (TSE : 8068) from Simplex Asset Management Co., Ltd. and Simplex Asset Management (HK) Company Limited for ¥10.72 billion.	19-05-12	CI
Ryoyo Electro Corporation Reports Consolidated Earnings Results for the Nine Months Ended October 31, 2018; Provides Earnings Guidance for the Fiscal Year Ending January 31, 2019	18-11-26	CI
Ryoyo Electro Corporation Reports Consolidated Earnings Results for the Six Months Ended June 30, 2018; Provides Earnings Guidance for the Year Ending January 31, 2019	18-08-29	CI
Ryoyo Electro Corporation acquired Business of Hirobo Electric Corporation.	18-08-01	CI
Ryoyo Electro Corp. Reports Consolidated Earnings Results for the First Quarter Ended April 30, 2018; Provides Dividend Guidance for the Six Months Ending July 31, 2018 and Year Ending January 31, 2019; Provides Earnings Guidance for the Six Months Ending July 31, 2018 and Year Ending January 31, 2019	18-05-28	CI
Ryoyo Electro Corporation Reports Consolidated and Non- Consolidated Earnings Results for the Year Ended January 31, 2018; Provides Earnings Guidance for the Six Months Ending July 31, 2018 and Year Ending January 31, 2019	18-03-11	CI
Ryoyo Electro Corporation Reports Consolidated Earnings Results for the Nine Months Ended October 31, 2017; Provides Earnings Guidance for the Fiscal Year Ending January 31, 2018	17-11-27	CI
Afero, Inc. announced that it has received funding from Ryoyo Electro Corporation	17-10-04	CI

RYOYO ELEC

Equities

8068

JP3976600001

Ryoyo Electro : Financial Review for the Year Ended (January 31, 2023)

Latest news about RYOYO ELEC

Chart RYOYO ELEC

Company Profile