2nd Quarter FY2022 Consolidated Financial Results
August 8, 2022 | ||||||||||
(Amounts are rounded down to the nearest million yen) | ||||||||||
1. Consolidated Results for 2nd quarter FY2022 (January 1, 2022 through June 30, 2022) | ||||||||||
(1) Consolidated | financial results | (% of change from previous 2nd quarter) | ||||||||
Net Sales | Operating income | Ordinary income | Profit attributable to owners | |||||||
of parent | ||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||
2Q FY2022 | 31,699 | - | 5,671 | - | 5,954 | - | 4,565 | - | ||
2Q FY2021 | 27,888 | 33.5 | 3,658 | 341.5 | 3,750 | 222.0 | 2,685 | 218.3 |
(Note) Comprehensive income: | 2Q FY2022: 7,276 million yen [-%] / 2Q FY2021: 4,082 million yen [-%] | |||
Quarterly net income per share -Basic | Quarterly net income per share -Diluted | |||
Yen | Yen | |||
2Q FY2022 | 218.89 | - | ||
2Q FY2021 | 128.80 | - |
(Note) Since the Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29), etc., from the beginning of the 1st quarter of the current consolidated fiscal year, the amounts of the 2nd quarter FY2022 is based on the foregoing accounting standard. Therefore, the rate of change compared to the actual value for the 1st quarter FY2021 before the application of the standard are not stated.
(2) Consolidated financial position
Total assets | Total net assets | Ratio of net assets | ||
Million yen | Million yen | % | ||
2Q FY2022 | 73,431 | 58,615 | 79,8 | |
FY2021 | 67,065 | 52,536 | 78.3 | |
(Reference) Shareholders' equity: | 2Q FY2022: 58,615 million yen / FY2021: 52,536 million yen |
(Note) Since the Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29), etc., from the beginning of the 1st quarter of the current consolidated fiscal year, the amounts of the 2nd quarter FY2022 is based on the foregoing accounting standard. Therefore, the rate of change compared to the actual value for the 1st quarter FY2021 before the application of the standard are not stated.
2. Cash dividends
Cash dividends per share | ||||||
End of | End of | End of | ||||
1st | 2nd | 3rd | Year-end | Annual | ||
quarter | quarter | quarter | ||||
Yen | Yen | Yen | Yen | Yen | ||
FY2021 | - | 25.00 | - | 57.00 | 82.00 | |
FY2022 | - | 30.00 | ||||
FY2022 | - | 57.00 | 87.00 | |||
(forecast) | ||||||
(Note) Revision of cash dividend forecast for this period: No |
3. Forecast of consolidated results for FY2022 (January 1, 2022 through December 31, 2022)
(% of change from FY2021)
Net Sales | Operating income | Ordinary income | Profit attributable | Net income | |||||||||
to owners of parent | per share | ||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |||||
FY2022 | 63,700 | - | 9,700 | - | 9,900 | - | 6,930 | - | 331.96 |
(Note)
- Revision of forecast for this period: No
- Since the Company has applied the "Accounting Standard for Revenue Recognition", etc., from the beginning of the FY2022, the above forecasts are based on the amounts after the application of the foregoing accounting standard, etc. Therefore, the rate of change compared to the actual value for the FY2021 before the application of the standard are not stated.
- 1 -
Consolidated financial statements
(1) Consolidated balance sheets
(Amount: Million yen) | |||
FY2021 | 2nd quarter FY2022 | ||
(As of December 31, 2021) | (As of June 30, 2022) | ||
Assets | |||
Current assets | |||
Cash and deposits | 25,797 | 26,182 | |
Notes and accounts receivable - trade | 10,505 | 13,491 | |
Finished goods | 5,610 | 5,857 | |
Work in process | 3,757 | 4,598 | |
Raw materials and supplies | 1,865 | 2,378 | |
Other | 1,094 | 1,331 | |
Allowance for doubtful accounts | (33) | (114) | |
Total current assets | 48,597 | 53,724 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures | 13,847 | 14,965 | |
Accumulated depreciation | (9,362) | (10,066) | |
Buildings and structures, net | 4,484 | 4,898 | |
Machinery, equipment and vehicles | 21,128 | 22,855 | |
Accumulated depreciation | (16,973) | (18,555) | |
Machinery, equipment and vehicles, net | 4,155 | 4,299 | |
Tools, furniture and fixtures | 22,229 | 22,263 | |
Accumulated depreciation | (20,055) | (19,922) | |
Tools, furniture and fixtures, net | 2,174 | 2,340 | |
Land | 1,170 | 1,204 | |
Other | 737 | 627 | |
Total property, plant and equipment | 12,721 | 13,371 | |
Intangible assets | 494 | 531 | |
Investments and other assets | |||
Investment securities | 4,848 | 5,200 | |
Deferred tax assets | 270 | 404 | |
Other | 159 | 225 | |
Allowance for doubtful accounts | (26) | (26) | |
Total investments and other assets | 5,252 | 5,803 | |
Total non-current assets | 18,467 | 19,706 | |
Total assets | 67,065 | 73,431 | |
- 2 -
(Amount: Million yen) | |||
FY2021 | 2nd quarter FY2022 | ||
(As of December 31, 2021) | (As of June 30, 2022) | ||
Liabilities | |||
Current liabilities | |||
Accounts payable - trade | 3,439 | 3,271 | |
Short-term borrowings | 1,933 | 2,052 | |
Accrued expenses | 2,812 | 3,117 | |
Income taxes payable | 1,805 | 1,586 | |
Other | 2,459 | 2,580 | |
Total current liabilities | 12,450 | 12,608 | |
Non-current liabilities | |||
Long-term borrowings | 94 | - | |
Deferred tax liabilities | 540 | 700 | |
Provision for share benefits | 372 | 311 | |
Retirement benefit liability | 821 | 899 | |
Other | 249 | 295 | |
Total non-current liabilities | 2,078 | 2,206 | |
Total liabilities | 14,528 | 14,815 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 6,923 | 6,923 | |
Capital surplus | 7,537 | 7,537 | |
Retained earnings | 41,055 | 44,315 | |
Treasury shares | (7,718) | (7,611) | |
Total shareholders' equity | 47,797 | 51,165 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 1,124 | 908 | |
Foreign currency translation adjustment | 3,342 | 6,302 | |
Deferred gains or losses on hedges | - | (2) | |
Remeasurements of defined benefit plans | 272 | 241 | |
Total accumulated other comprehensive income | 4,739 | 7,450 | |
Total net assets | 52,536 | 58,615 | |
Total liabilities and net assets | 67,065 | 73,431 | |
- 3 -
(2) Consolidated Statements of income
(Amount: Million yen) | |||
2nd quarter FY2021 | 2nd quarter FY2022 | ||
(January 1, 2021 through June 30, 2021) | (January 1, 2022 through June 30, 2022) | ||
Net sales | 27,888 | 31,699 | |
Cost of sales | 16,676 | 18,415 | |
Gross profit | 11,211 | 13,283 | |
Selling, general and administrative expenses | 7,553 | 7,612 | |
Operating profit | 3,658 | 5,671 | |
Non-operating income | |||
Interest income | 12 | 17 | |
Dividend income | 24 | 46 | |
Foreign exchange gains | - | 137 | |
Subsidy income | 34 | 57 | |
Other | 94 | 76 | |
Total non-operating income | 165 | 335 | |
Non-operating expenses | |||
Interest expenses | 8 | 9 | |
Foreign exchange losses | 32 | - | |
Loss on retirement of non-current assets | 12 | 27 | |
Other | 19 | 15 | |
Total non-operating expenses | 73 | 52 | |
Ordinary profit | 3,750 | 5,954 | |
Profit before income taxes | 3,750 | 5,954 | |
Income taxes | 1,064 | 1,388 | |
Profit | 2,685 | 4,565 | |
Profit attributable to owners of parent | 2,685 | 4,565 | |
- 4 -
Consolidated Statements of Comprehensive Income
(Amount: Million yen) | ||
2nd quarter FY2021 | 2nd quarter FY2022 | |
(January 1, 2021 through June 30, 2021) | (January 1, 2022 through June 30, 2022) | |
Profit | 2,685 | 4,565 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 165 | (215) |
Deferred gains or losses on hedges | - | (2) |
Foreign currency translation adjustment | 1,251 | 2,960 |
Remeasurements of defined benefit plans, net of tax | (19) | (31) |
Total other comprehensive income | 1,397 | 2,711 |
Comprehensive income | 4,082 | 7,276 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 4,082 | 7,276 |
- 5 -
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Tamron Co. Ltd. published this content on 08 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2022 06:23:03 UTC.