SHINWA CO., LTD. Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Consolidated Financial Results
for the Nine Months Ended May 31, 2022
[Japanese GAAP]
Company name: Shinwa Co., Ltd. | July 11, 2022 |
Stock exchange listing: Tokyo,Nagoya | |
Code number: 7607 | |
URL: https://www.shinwa-jpn.co.jp/ | |
Representative: Tetsuo Nemoto | President & CEO |
Contact: Seiji Miwa | Executive Officer |
Phone: 052-796-2533
Scheduled date of filing quarterly securities report: July 12, 2022
Scheduled date of commencing dividend payments: -
Availability of supplementary briefing material on quarterly financial results: No
Schedule of quarterly financial results briefing session: No
(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Nine Months Ended May 31, 2022 (September 01, 2021 to May 31, 2022)
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||
owners of parent | ||||||||||
Nine months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||
May 31, 2022 | 55,215 | 25.5 | 4,544 | 60.9 | 4,724 | 63.0 | 3,193 | 65.5 | ||
May 31, 2021 | 43,981 | (16.2) | 2,823 | (20.4) | 2,898 | (16.5) | 1,929 | (19.4) |
(Note) Comprehensive income: | Nine months ended May 31, 2022: |
Nine months ended May 31, 2021: |
¥ | 4,141 million | [ | 70.1%] |
¥ | 2,434 million | [ | 9.3%] |
Basic earnings | Diluted earnings per | |
per share | share | |
Nine months ended | Yen | Yen |
May 31, 2022 | 239.06 | - |
May 31, 2021 | 144.62 | - |
(2) Consolidated Financial Position
Total assets | Net assets | Capital adequacy ratio | ||
As of | Million yen | Million yen | % | |
May 31, 2022 | 61,792 | 35,144 | 56.7 | |
August 31, 2021 | 56,905 | 31,951 | 56.0 | |
(Reference) Equity: As of | May 31, 2022: | ¥ | 35,013 million | |
As of | August 31, 2021: | ¥ | 31,841 million |
2. Dividends
Annual dividends | ||||||||
1st | 2nd | 3rd | Year-end | Total | ||||
quarter-end | quarter-end | quarter-end | ||||||
Yen | Yen | Yen | Yen | Yen | ||||
Fiscal year ended August 31, 2021 | - | 35.00 | - | 37.00 | 72.00 | |||
Fiscal year ending August 31, 2022 | - | 37.00 | - | |||||
Fiscal year ending August 31, 2022 | 37.00 | 74.00 | ||||||
(Forecast) | ||||||||
(Note) Revision to the forecast for dividends | announced most | recently: | No | |||||
(Note) Breakdown of the 3rd quarter dividend for the fiscal year ending August 31, 2022 : | ||||||||
Commemorative dividend | - | yen | ||||||
Special dividend | - | yen |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending August 31, 2022(September 01, 2021 to August 31, 2022)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | ||||||||
owners of parent | per share | |||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | ||||
Full year | 71,000 | 16.1 | 5,400 | 34.9 | 5,600 | 35.2 | 3,800 | 37.3 | 284.45 | |||
(Note) Revision to the financial results forecast announced most recently: | Yes | |||||||||||
* Notes: | ||||||||||||
(1) Changes in significant subsidiaries during the nine months ended May 31, 2022 | ||||||||||||
(changes in specified subsidiaries resulting in changes in scope of consolidation): | No | |||||||||||
New | - | (Company name: | ) | |||||||||
Exclusion: | - | (Company name: | ) | |||||||||
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: | No |
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: Yes
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
May 31, 2022: | 14,415,319 | shares |
August 31, 2021: | 14,415,319 | shares |
2) Total number of treasury shares at the end of the period: | ||
May 31, 2022: | 1,051,209 | shares |
August 31, 2021: | 1,065,104 | shares |
3) Average number of shares during the period: | ||
Nine months ended May 31, 2022: | 13,359,004 | shares |
Nine months ended May 31, 2021: | 13,345,430 | shares |
Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets
(Thousand yen) | ||||
As of August 31,2021 | As of May 31,2022 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 14,879,840 | 18,024,658 | ||
Notes and accounts receivable - trade | 10,325,109 | 11,097,742 | ||
Electronically recorded monetary claims - | 5,688,652 | 6,387,525 | ||
operating | ||||
Merchandise and finished goods | 10,749,453 | 9,941,443 | ||
Work in process | 1,777,287 | 2,506,615 | ||
Raw materials and supplies | 929,745 | 727,408 | ||
Other | 3,209,892 | 2,788,775 | ||
Allowance for doubtful accounts | (3,863) | (3,750) | ||
Total current assets | 47,556,118 | 51,470,419 | ||
Non-current assets | ||||
Property, plant and equipment | ||||
Buildings and structures, net | 2,075,390 | 2,014,546 | ||
Other, net | 4,447,625 | 4,867,647 | ||
Total property, plant and equipment | 6,523,016 | 6,882,193 | ||
Intangible assets | ||||
Goodwill | 47,821 | 33,475 | ||
Other | 388,601 | 904,111 | ||
Total intangible assets | 436,423 | 937,586 | ||
Investments and other assets | ||||
Investment securities | 2,063,807 | 2,178,630 | ||
Other | 328,258 | 325,020 | ||
Allowance for doubtful accounts | (1,775) | (1,775) | ||
Total investments and other assets | 2,390,290 | 2,501,876 | ||
Total non-current assets | 9,349,730 | 10,321,657 | ||
Total assets | 56,905,848 | 61,792,076 | ||
Liabilities | ||||
Current liabilities | ||||
Notes and accounts payable - trade | 10,546,694 | 9,553,550 | ||
Electronically recorded obligations - operating | 3,649,457 | 3,323,344 | ||
Short-term borrowings | 1,197,700 | - | ||
Current portion of long-term borrowings | 19,992 | 18,406 | ||
Income taxes payable | 525,017 | 847,193 | ||
Advances received | 6,752,169 | 10,060,574 | ||
Provisions | 302,989 | 115,810 | ||
Other | 896,452 | 1,582,842 | ||
Total current liabilities | 23,890,473 | 25,501,722 | ||
Non-current liabilities | ||||
Long-term borrowings | 13,408 | - | ||
Retirement benefit liability | 32,241 | 32,167 | ||
Other | 1,018,517 | 1,113,456 | ||
Total non-current liabilities | 1,064,166 | 1,145,624 | ||
Total liabilities | 24,954,640 | 26,647,346 |
(Thousand yen) | ||||
As of August 31,2021 | As of May 31,2022 | |||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 951,106 | 951,106 | ||
Capital surplus | 1,676,950 | 1,695,421 | ||
Retained earnings | 29,908,859 | 32,113,998 | ||
Treasury shares | (801,250) | (791,102) | ||
Total shareholders' equity | 31,735,665 | 33,969,423 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale | 377,531 | 457,325 | ||
securities | ||||
Deferred gains or losses on hedges | (3,026) | (43,445) | ||
Revaluation reserve for land | (641,184) | (641,184) | ||
Foreign currency translation adjustment | 372,418 | 1,271,189 | ||
Total accumulated other comprehensive income | 105,739 | 1,043,885 | ||
Non-controlling interests | 109,802 | 131,419 | ||
Total net assets | 31,951,207 | 35,144,729 | ||
Total liabilities and net assets | 56,905,848 | 61,792,076 |
Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)
(Thousand yen) | ||
For the nine months | For the nine months | |
ended May 31,2021 | ended May 31,2022 | |
Net sales | 43,981,641 | 55,215,827 |
Cost of sales | 36,452,563 | 45,562,661 |
Gross profit | 7,529,078 | 9,653,165 |
Selling, general and administrative expenses | 4,705,626 | 5,108,867 |
Operating profit | 2,823,452 | 4,544,298 |
Non-operating income | ||
Interest income | 12,774 | 26,160 |
Dividend income | 16,934 | 19,839 |
Foreign exchange gains | - | 102,100 |
Rental income | 32,120 | 27,355 |
Other | 58,093 | 52,976 |
Total non-operating income | 119,923 | 228,432 |
Non-operating expenses | ||
Interest expenses | 10,484 | 23,487 |
Foreign exchange losses | 25,968 | - |
Compensation expenses | - | 23,001 |
Other | 8,764 | 1,689 |
Total non-operating expenses | 45,217 | 48,178 |
Ordinary profit | 2,898,157 | 4,724,552 |
Extraordinary income | ||
Gain on sale of non-current assets | 2,437 | 1,409 |
Total extraordinary income | 2,437 | 1,409 |
Extraordinary losses | ||
Loss on sale and retirement of non-current assets | 10,224 | 4,613 |
Loss on sale of investment securities | 1,997 | - |
Total extraordinary losses | 12,222 | 4,613 |
Profit before income taxes | 2,888,372 | 4,721,348 |
Income taxes - current | 1,013,692 | 1,450,437 |
Income taxes - deferred | (66,407) | 67,904 |
Total income taxes | 947,285 | 1,518,342 |
Profit | 1,941,087 | 3,203,006 |
Profit attributable to non-controlling interests | 11,104 | 9,435 |
Profit attributable to owners of parent | 1,929,983 | 3,193,570 |
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Shinwa Co. Ltd. published this content on 14 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 July 2022 09:43:00 UTC.
