Summary of Business Results for the

Year Ended December 31, 2021 (J-GAAP) (Consolidated)

February 10, 2022

Company

Segue Group Co., Ltd.

Stock Exchange: Tokyo Stock Exchange

Stock Code

3968

URL:https://segue-g.jp/

Representative

Yasuyuki Aisu, President and CEO

Contact

Yasuhiro Fukuda, CFO

T E L: +81-3-6228-3822

Expected date of annual shareholders' meeting: March 24, 2022

Expected starting date of dividend payment: March 25, 2022

Expected date of filing of annual securities report: March 25, 2022

Preparation of supplementary financial document: Yes

Results briefing: Yes (for institutional investors and analysts)

（Rounded down to million yen）

１. Consolidated business results for the fiscal year ended December 2021

(January 1, 2021 through December 31, 2021)

(1) Consolidated results of operations

(Percentages indicate year-over-year changes)

Net sales

Operating income

Ordinary income

Net income attributable to

owners of parent

FY 2021

Million yen

%

Million yen

%

Million yen

%

Million yen

%

12,038

9.5

638

-24.3

686

-21.5

454

-28.3

FY 2020

10,992

14.0

843

53.9

874

57.7

634

54.1

(Note) Comprehensive

income:

FY 2021: 379 million yen (-34.8%)

FY 2020: 581 million yen (56.5%)

Net income

Diluted net income

Return on

Ratio of ordinary

Ratio of operating

income to total

per share

per share

equity

income to net sales

assets

FY 2021

Yen

Yen

%

%

%

39.62

39.07

14.5

8.7

5.3

FY 2020

55.62

54.40

21.5

13.1

7.7

(Reference) Investment

earnings/loss on equity-

method:

FY 2021: -million yen

FY 2020: -million yen

(2) Consolidated financial position

Total assets

Net assets

Shareholders' equity

Net assets per

ratio

share

FY 2021

Million yen

Million yen

%

Yen

8,625

3,199

36.5

279.50

FY 2020

7,191

3,172

43.7

274.91

(Reference) Shareholders' equity:

FY 2021: 3,144 million yen

FY 2020: 3,142 million yen

(3) Consolidated results of cash flows

Cash flows from

Cash flows from

Cash flows from

Cash and cash equivalents

operating activities

investing activities

financing activities

at the end of period

FY 2021

Million

yen

Million

yen

Million

yen

Million

yen

-151

-254

17

1,351

FY 2020

163

-401

-216

1,726

2. Dividends

Annual dividend

Total

Payout ratio

Ratio of

End of

End of

End of

dividends

dividend paid

Year-end

Total

(consolidated)

to net assets

1Q

2Q

3Q

paid (total)

(consolidated)

Yen

Yen

Yen

Yen

Yen

Yen

%

Yen

FY 2020

-

0.00

-

16.00

16.00

184

29.2

6.2

FY 2021

-

0.00

-

16.00

16.00

182

40.0

5.8

FY 2022 (forecast)

-

0.00

-

16.00

16.00

34.7

3．Forecast of consolidated business results for the year ending December 2022

(January 1, 2022 through December 31, 2022)

(Percentages indicate year-over-year changes)

Net sales

Operating income

Ordinary income

Net income attributable to

Net income

owners of parent

per share

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

Full year

13,300

10.5

760

19.0

760

10.8

520

14.3

46.68

*Notes

  1. Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes in the scope of consolidation): None
  1. Changes in accounting policies, accounting estimates and restatement
    ① Changes in accounting policies associated with revision of accounting standards:

  1. ② Changes in accounting policies other than ①

    ③ Changes in accounting estimates

    ④ Restatement

  2. Shares outstanding (common stock)
  • Number of shares outstanding at the end of period (treasury stock included)

FY 2021

11,640,235 shares

FY 2020

11,557,035 shares

  • Treasury stock at the end of period:

FY 2021

389,889 shares

FY 2020

127,589 shares

  • Average number of stock during period (cumulative period)

FY 2021

11,475,283 shares

FY 2020

11,401,730 shares

  • None
  • None
  • Yes
  • None

*Financial summary is not subject to auditing procedures by certified public accountants or auditing firms.

*Explanation regarding appropriate use of business forecasts and other special instructions

・Forecasts regarding future performance in this material are based on information currently available to the company and certain assumptions that the company deems to be reasonable at the time this report was prepared. The Company does not promise about the achivement. Actual results may differ significantly from the forecasts due to various factors.

・The Company plans to hold a results briefing for institutional investors and analysts on Thursday, February 24, 2022. The materials distributed at the results meeting are scheduled to be posted on the Company's website promptly after the meeting.

3. Consolidated Financial Statements and Major Notes

(1) Consolidated balance sheets

(Thousand yen)

FY 2020

FY 2021

(December 31, 2020)

(December 31, 2021)

Assets

Current assets

Cash and deposits

1,727,426

1,351,896

Notes and accounts receivable

2,088,973

1,885,831

Electronically recorded monetary claims

87,262

192,585

Inventories

821,751

2,376,649

Advance payments - trade

549,329

568,623

Accounts receivable - other

428,133

650,197

Other

104,756

211,462

Allowance for doubtful accounts

-872

-672

Total current assets

5,806,761

7,236,574

Noncurrent assets

Property, plant and equipment

Buildings and structures

78,366

72,295

Accumulated depreciation

-45,686

-30,226

Buildings and structures, net

32,679

42,068

Automotive equipment

3,076

3,076

Accumulated depreciation

-2,668

-2,799

Vehicles, net

407

276

Tools, furniture and fixtures

949,448

929,541

Accumulated depreciation

-788,270

-763,037

Tools, furniture and fixtures, net

161,177

166,503

Land

639

639

Total property, plant and equipment

194,904

209,488

Intangible assets

Goodwill

92,213

68,543

Software

140,484

96,256

Software in progress

7,517

-

Other

1,209

1,209

Total intangible assets

241,424

166,009

Investments and other assets

Investment securities

602,732

665,372

Long-term guarantee deposits

128,223

116,129

Deferred tax assets

109,306

119,841

Insurance funds

85,256

90,791

Claims in bankruptcy

1,447

-

Other

22,911

21,092

Allowance for doubtful accounts

-1,339

-

Total investments and other assets

948,538

1,013,227

Total noncurrent assets

1,384,867

1,388,725

Total assets

7,191,628

8,625,300

3

(Thousand yen)

FY 2020

FY 2021

(December 31, 2020)

(December 31, 2021)

Liabilities

Current liabilities

Accounts payable-trade

804,759

1,605,773

Short-term debt

-

500,000

Current portion of long-term loans payable

8,028

1,830

Accounts payable

105,145

89,648

Accrued expenses

186,495

196,954

Income taxes payable

247,765

107,196

Accrued consumption taxes

133,890

58,967

Provision for bonuses

2,000

2,897

Provision for bonuses for directors (and other

-

2,775

officers)

Advances received

2,183,623

2,472,648

Other

61,829

62,434

Total current liabilities

3,733,537

5,101,125

Long-term liabilities

Long-term debt

1,830

-

Retirement benefit liability

201,421

222,713

Provision for share-based remuneration

15,553

35,676

Long-term accounts payable - other

66,598

66,598

Total long-term liabilities

285,402

324,988

Total liabilities

4,018,940

5,426,113

Net assets

Shareholders' equity

Capital stock

510,772

514,766

Capital surplus

283,272

287,266

Retained earnings

2,393,965

2,665,851

Treasury shares

-100,252

-302,514

Total shareholders' equity

3,087,757

3,165,371

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

55,168

-22,551

Deferred gains or losses on hedges

-805

1,673

Total accumulated other comprehensive income

54,362

-20,877

Share subscription rights

30,567

54,693

Total net assets

3,172,688

3,199,186

Total liabilities and net assets

7,191,628

8,625,300

4

  1. Consolidated Statements of Income and Statements of Comprehensive Income Consolidated Statement of Income

(Thousand yen)

FY 2020

FY 2021

(January 1, 2020-

(January 1, 2021-

December 31, 2020)

December 31, 2021)

Net sales

10,992,813

12,038,775

Cost of sales

7,900,291

8,947,162

Gross profit

3,092,522

3,091,612

Selling, general and administrative expenses

2,248,904

2,452,900

Operating income

843,618

638,711

Non-operating income

Interest income and dividends

2,934

2,077

Foreign exchange gain

-

29,529

Surrender value of insurance

5,029

5,246

Employment adjustment subsidy

6,240

-

Subsidy income

10,669

3,513

Compensation income

-

9,595

Other

7,159

4,713

Total non-operating income

32,033

54,675

Non-operating expenses

Interest expenses

121

228

Guarantee commission

240

277

Foreign exchange loss

754

-

Stock issuance cost

360

270

Expenses for customer compensation, etc.

-

6,436

Other

13

84

Total non-operating expenses

1,490

7,297

Ordinary income

874,160

686,090

Extraordinary income

Gains on sales of investment securities

65,850

56,447

Total extraordinary income

65,850

56,447

Extraordinary loss

Investment securities

-

32,350

Ceremony cancellation related costs

1,964

-

Total extraordinary loss

1,964

32,350

Profit before income taxes

938,046

710,186

Income taxes

320,484

250,133

Income taxes-deferred

-16,604

5,295

Total income tax

303,880

255,429

Net income

634,165

454,757

Net income attributable to owners of non-controlling

-

-

shareholders

Net income attributable to owners of parent

634,165

454,757

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Segue Group Co. Ltd. published this content on 03 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2022 03:19:03 UTC.