SHIZUOKA GAS CO., LTD. Flash Report for the First Three Quarters of 2021[Japan GAAP] (Consolidated)
November 10, 2021 | |||
Company Name: SHIZUOKA GAS CO., LTD. | Listing: | Tokyo Stock Exchange (1st section) | |
Code Number: | 9543 | URL: | https://ir.shizuokagas.co.jp/en/ |
Representative: | Kishida Hiroyuki, Representative Director and President | ||
Inquiries to: | Taniguchi Katsumi, Accounting and Finance Manager, Management Strategy Dept. | ||
Telephone: | +81-54-284-7990 | ||
Date for presentation of the quarterly report: | November 12, 2021 | ||
Date of dividend payment: | - | ||
Preparation of supplemental explanatory materials: | Yes | ||
Holding of quarterly results briefing session: | No |
1. Consolidated Business Results for the First Three Quarters (January 1 through September 30, 2021)
(Amounts under one million yen are omitted; YoY % change)
(1) Operating Results
Net sales | Operating profit | Ordinary profit |
(¥ million) | (¥ million) | (¥ million) |
Reporting First Three Quarters | 95,150 | (0.3 % | 5,662 | ((13.9)% | 6,772 | ((1.4) % | ||||||
Previous First Three Quarters | 94,838 | (14.1) | 6,575 | ((20.4) | 6,872 | ((21.5) | ||||||
Note: Total comprehensive income (¥ million) | ||||||||||||
Reporting First Three Quarters: 6,384 (153.8%) | Previous First Three Quarters: 2,515 ((59.5%)) | |||||||||||
Profit attributable to owners | Profit | Diluted profit | ||||||||||
of parent (¥ million) | per share (¥) | per share (¥) | ||||||||||
Reporting First Three Quarters | 4,353 | ( 21.6 % | 58.76 | 58.66 | ||||||||
Previous First Three Quarters | 3,579 | ((37.2) | 48.34 | 48.25 | ||||||||
(2) Financial Position | ||||||||||||
Total assets | Net assets | Equity ratio | ||||||||||
(¥ million) | (¥ million) | (%) | ||||||||||
Reporting First Three Quarters | 115,582 | 92,196 | 74.8 | |||||||||
Previous full term | 118,177 | 87,673 | 69.4 | |||||||||
Note: Net assets excluding share acquisition rights and non-controlling interests (¥ million) | ||||||||||||
Reporting First Three Quarters: 86,505 | Previous full term: 82,073 | |||||||||||
2. Dividend Payment | ||||||||||||
Annual dividend per share (¥) | ||||||||||||
1Q | 2Q | 3Q | Term-end | Total | ||||||||
FY 2020 | - | 8.50 | - | 8.50 | 17.00 | |||||||
FY 2021 | - | 9.00 | - | / | / | |||||||
FY 2021(forecast) | / | / | / | 9.00 | 18.00 |
Note: Revision of previously announced dividend forecast: No
3. Consolidated Business Forecast for Current Term (January 1 through December 31, 2021)
(Amounts under one million yen are omitted; YoY % change)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Profit per |
owners of parent | ||||
(¥ million) | (¥ million) | (¥ million) | share (¥) | |
(¥ million) | ||||
Full term | 132,670 9.4 % | 4,400 (35.6) % | 5,840 (21.0) % | 3,600 (2.9) % | 48.59 |
Note: Revision of previously announced consolidated business forecast: No |
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※Notes
(1) Major changes in subsidiaries: No
Note: Transfer of specified subsidiaries during the reporting First Three Quarters resulting in changes in the scope of consolidation
-
Simplified accounting and special accounting methods for quarterly financial reporting: Yes
(Please refer to the section "Notes(3) Application of Special Accounting Methods in Preparation of Quarterly Consolidated Financial Statements" on P7) - Changes in accounting policies, estimates, or retrospective restatements
- Changes in accounting policies due to revisions of accounting standards: No
- Other: No
- Changes in accounting estimates: No
- Retrospective restatements: No
- Number of issued shares (ordinary shares)
- Number of shares issued at end of period (including treasury shares)
Reporting First Three Quarters: 76,192,950
Previous full term: | 76,192,950 |
- Number of treasury shares at end of period Reporting First Three Quarters: 2,090,713
Previous full term: | 2,145,148 |
- Average number of shares outstanding during the term Reporting First Three Quarters: 74,083,048 Previous First Three Quarters: 74,034,705
Quarterly Review
Quarterly financial results are exempt from quarterly review.
Notes on proper use of forecast, and other matters
Business forecast and other forward-looking statements contained in this document are assumptions based on information available to the company and judgments deemed rational at the time this document was published. Forward-looking statements are not a guarantee that forecast will be achieved. Actual earnings may differ significantly from business forecast due to various factors.
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Quarterly Consolidated Financial Statements and Notes
(1) Consolidated Balance Sheets
(¥ million)
December 31,2020 | September 30,2021 | |
Assets | ||
Non-current assets | ||
Property, plant and equipment | ||
Production facilities | 5,892 | 4,976 |
Distribution facilities | 34,213 | 33,505 |
Service and maintenance facilities | 5,135 | 6,142 |
Other facilities | 7,481 | 7,591 |
Construction in progress | 2,096 | 2,085 |
Total property, plant and equipment | 54,819 | 54,301 |
Intangible assets | 935 | 1,113 |
Investments and other assets | ||
Investment securities | 8,218 | 10,094 |
Long-term loans receivable | 4,463 | 4,158 |
Deferred tax assets | 987 | 597 |
Other investments and other assets | 1,810 | 1,940 |
Allowance for doubtful accounts | （73） | （75） |
Total investments and other assets | 15,406 | 16,716 |
Total non-current assets | 71,160 | 72,131 |
Current assets | ||
Cash and deposits | 31,732 | 20,123 |
Notes and accounts receivable - trade | 8,492 | 12,530 |
Merchandise and finished goods | 307 | 417 |
Raw materials and supplies | 4,863 | 6,295 |
Other current assets | 1,646 | 4,112 |
Allowance for doubtful accounts | （25） | （28） |
Total current assets | 47,016 | 43,451 |
Total assets | 118,177 | 115,582 |
Note: Amounts under one million yen are omitted.
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(¥ million) | ||
December 31,2020 | September 30,2021 | |
Liabilities | ||
Non-current liabilities | ||
Long-term borrowings | 4,373 | 4,907 |
Deferred tax liabilities | 172 | 252 |
Retirement benefit liability | 3,045 | 2,998 |
Other non-current liabilities | 99 | 98 |
Total non-current liabilities | 7,691 | 8,256 |
Current liabilities | ||
Current portion of non-current liabilities | 1,712 | 1,512 |
Accounts payable - trade | 9,571 | 8,260 |
Accounts payable - other | 3,140 | 1,349 |
Income taxes payable | 2,089 | 999 |
Provision for bonuses | 423 | 1,067 |
Allowance for ship allocation adjustment | 2,900 | － |
Other current liabilities | 2,976 | 1,941 |
Total current liabilities | 22,812 | 15,130 |
Total liabilities | 30,503 | 23,386 |
Net assets | ||
Shareholders' equity | ||
Share capital | 6,279 | 6,279 |
Capital surplus | 4,948 | 4,984 |
Retained earnings | 69,583 | 72,640 |
Treasury shares | （1,090） | （1,062） |
Total shareholders' equity | 79,721 | 82,841 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 2,341 | 3,136 |
Deferred gains or losses on hedges | （218） | 331 |
Foreign currency translation adjustment | （104） | （93） |
Remeasurements of defined benefit plans | 333 | 289 |
Total accumulated other comprehensive income | 2,352 | 3,663 |
Share acquisition rights | 108 | 91 |
Non-controlling interests | 5,491 | 5,598 |
Total net assets | 87,673 | 92,196 |
Total liabilities and net assets | 118,177 | 115,582 |
Note: Amounts under one million yen are omitted.
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- Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
(¥ million) | ||
First Three Quarters ended September 30 | 2020 | 2021 |
Net sales | 94,838 | 95,150 |
Cost of sales | 68,002 | 69,086 |
Gross profit | 26,836 | 26,064 |
Selling, general and administrative expenses | 20,260 | 20,401 |
Operating profit | 6,575 | 5,662 |
Non-operating income | ||
Interest income | 75 | 62 |
Dividend income | 117 | 548 |
Share of profit of entities accounted for using equity method | 67 | 432 |
Miscellaneous income | 241 | 236 |
Total non-operating income | 501 | 1,278 |
Non-operating expenses | ||
Interest expenses | 70 | 56 |
Foreign exchange losses | 118 | 97 |
Miscellaneous expenses | 16 | 13 |
Total non-operating expenses | 204 | 168 |
Ordinary profit | 6,872 | 6,772 |
Extraordinary income | ||
Gain on sales of investment securities | 30 | － |
Total extraordinary income | 30 | － |
Profit before income taxes | 6,902 | 6,772 |
Income taxes | 2,724 | 1,706 |
Profit | 4,177 | 5,066 |
Profit attributable to non-controlling interests | 598 | 713 |
Profit attributable to owners of parent | 3,579 | 4,353 |
Note: Amounts under one million yen are omitted.
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Shizuoka Gas Co. Ltd. published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 06:44:16 UTC.
