TOHO 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.
Company name: TOHO Co.,Ltd. Stock exchange listing: Tokyo Code number: 8142
URL:https://www.to-ho.co.jpRepresentative: Hiroyuki Koga Contact: Toshiaki Sato
Phone: 078-845-2431
Consolidated Financial Results for the Year Ended January 31, 2021
[Japanese GAAP]
Representative Director & President Executive Director
Scheduled date of Annual General Meeting of Shareholders: April 20, 2021 Scheduled date of commencing dividend payments: ―
Scheduled date of filing annual securities report: April 21, 2021
Availability of supplementary briefing material on annual financial results: Yes Schedule of annual financial results briefing session: No
March 11, 2021
(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Fiscal Year Ended January 31, 2021 (February 01, 2020 to January 31, 2021)
(1) Consolidated Operating Results
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | |||||
Fiscal year ended January 31, 2021 January 31, 2020 | Million yen 186,217 231,266 | % (19.5) 6.2 | Million yen (3,141) 1,433 | % - (12.5) | Million yen (2,063) 1,518 | % - (13.4) | Million yen (3,591) 474 | % - (44.1) |
(Note) Comprehensive income:
Fiscal year ended January 31, 2020:Fiscal year ended January 31, 2021:
¥ ¥
(4,128) million 533 million
[ [
-%] -%]
Basic earnings per share | Diluted earnings per share | Rate of return on equity | Ordinary profit to total assets ratio | Operating profit to net sales ratio | |
Fiscal year ended January 31, 2021 January 31, 2020 | Yen (333.85) 44.15 | Yen - - | % (16.9) 2.0 | % (2.4) 1.7 | % (1.7) 0.6 |
(Reference) Equity in earnings (losses) of affiliated companies:
Fiscal year ended January 31, 2021:
Fiscal year ended January 31, 2020:
¥ ¥
(26) million 7 million
(2) Consolidated Financial Position
Total assets | Net assets | Capital adequacy ratio | Net assets per share | |
Asof January 31, 2021 January 31, 2020 | Million yen 83,162 90,745 | Million yen 19,384 24,613 | % 22.6 26.2 | Yen 1,747.20 2,213.16 |
(Reference) Equity: | As of | January 31, 2021: | ¥ | 18,794 million |
As of | January 31, 2020: | ¥ | 23,807 million |
(3) Consolidated Cash Flows
Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Cash and cash equivalents at the end of period | |
Fiscal year ended January 31, 2021 January 31, 2020 | Million yen 139 2,500 | Million yen (2,474) (754) | Million yen 2,453 (2,202) | Million yen 6,839 6,790 |
2. Dividends
Annual dividends | Total dividends | Payout ratio (consolidated) | Dividends to net assets (consolidated) | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Year-end | Total | ||||
Fiscal year ended January 31, 2020 January 31, 2021 | Yen - - | Yen 25.00 0.00 | Yen - - | Yen 25.00 0.00 | Yen 50.00 0.00 | Million yen 537 - | % 113.3 - | % 2.3 - |
Fiscal year ending January 31, 2022 (Forecast) | - | - | - | - | - | - |
(Note) For the forecast of dividends per share for the fiscal year ending January 2022, it remains undetermined at this moment.
3. Consolidated Financial Results Forecast for the Fiscal Year Ending January 31, 2022 (February 01, 2021 to January 31, 2022)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Six months ended July 31, 2021 Full year | Million yen 94,600 200,000 | % 7.9 7.4 | Million yen (1,000) 600 | % - - | Million yen (900) 700 | % - - | Million yen (1,100) 100 | % - - | Yen (102.26) 9.30 |
* Notes:
(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in scope of consolidation): No
New - (Company name: Exclusion: - (Company name:
) )
(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No
4) Retrospective restatement: No
(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
January 31, 2021:
January 31, 2020:
11,012,166 shares 11,012,166 shares
2) Total number of treasury shares at the end of the period:January 31, 2021:
January 31, 2020:
255,179 shares 254,968 shares
3) Average number of shares during the period:
Fiscal Year ended January 31, 2021: Fiscal Year ended January 31, 2020:
10,757,069 shares 10,757,257 shares
(Reference) Summary of Non-consolidated Financial Results
Net sales | Operating profit | Ordinary profit | Net income | |||||
Fiscal year ended January 31, 2021 January 31, 2020 | Million yen 63,647 85,228 | % (25.3) 2.5 | Million yen (175) (197) | % - - | Million yen 900 568 | % 58.3 (25.4) | Million yen 858 390 | % 120.1 (9.7) |
Basic earnings per share | Diluted earnings per share | |
Fiscal year ended January 31, 2021 January 31, 2020 | Yen 79.85 36.28 | Yen - - |
Total assets | Net assets | Capital adequacy ratio | Net assets per share | |
Asof January 31, 2021 January 31, 2020 | Million yen 69,161 70,801 | Million yen 19,813 19,265 | % 28.6 27.2 | Yen 1,841.88 1,790.91 |
1. Non-consolidated Financial Results for the Fiscal Year Ended January 31, 2021 (February 01, 2020 to January 31, 2021) (1) Non-consolidated Operating Results
(% indicates changes from the previous corresponding period.) | ||||
(Reference) Equity: | As of | January 31, 2021: | ¥ | 19,813 million |
As of | January 31, 2020: | ¥ | 19,265 million |
(2) Non-consolidated Financial Position
Consolidated Financial Statements
Consolidated Balance Sheets
(Million yen) | ||
As of January 31,2020 | As of January 31,2021 | |
Assets | ||
Current assets | ||
Cash and deposits | 6,940 | 6,988 |
Notes and accounts receivable - trade | 18,761 | 14,643 |
Inventories | 12,221 | 10,289 |
Other | 3,691 | 3,387 |
Allowance for doubtful accounts | (86) | (61) |
Total current assets | 41,529 | 35,246 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 26,283 | 26,183 |
Accumulated depreciation | (15,966) | (16,675) |
Buildings and structures, net | 10,316 | 9,507 |
Machinery, equipment and vehicles | 5,758 | 5,785 |
Accumulated depreciation | (4,076) | (4,263) |
Machinery, equipment and vehicles, net | 1,681 | 1,522 |
Tools, furniture and fixtures | 3,963 | 4,167 |
Accumulated depreciation | (3,041) | (3,282) |
Tools, furniture and fixtures, net | 922 | 885 |
Land | 15,649 | 15,738 |
Construction in progress | 12 | 429 |
Leased assets | 4,582 | 5,182 |
Accumulated depreciation | (3,207) | (3,631) |
Leased assets, net | 1,375 | 1,551 |
Total property, plant and equipment | 29,957 | 29,635 |
Intangible assets | ||
Goodwill | 7,072 | 6,654 |
Software | 945 | 715 |
Other | 173 | 181 |
Total intangible assets | 8,191 | 7,551 |
Investments and other assets | ||
Investment securities | 2,426 | 2,028 |
Shares of subsidiaries and associates | 468 | 434 |
Leasehold deposits | 4,091 | 3,807 |
Deferred tax assets | 400 | 664 |
Retirement benefit asset | 3,108 | 3,263 |
Other | 727 | 702 |
Allowance for doubtful accounts | (155) | (172) |
Total investments and other assets | 11,066 | 10,728 |
Total non-current assets | 49,216 | 47,915 |
Total assets | 90,745 | 83,162 |
(Million yen)As of January 31,2020
As of January 31,2021
Liabilities
Current liabilities
Notes and accounts payable - trade Short-term borrowings
Income taxes payable Provision for bonuses
Provision for point card certificates Provision for product warranties Asset retirement obligations Other
Total current liabilities Non-current liabilities
Long-term borrowings
Provision for place of business closings Deferred tax liabilities
Asset retirement obligations Retirement benefit liability Lease obligations
Other
Total non-current liabilities Total liabilities
Net assets
Shareholders' equity
Share capital Capital surplus Retained earnings Treasury shares
Total shareholders' equity Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets
27,333 20,857
489 418
203 199
3,499 4,153
41,973
37,882
6 4
1,040 720
778 848
374 567
24,158 66,132
25,895 63,777
5,344 5,344
5,089 5,089
13,273 8,863
(638) (639)
23,068
18,657
568
417
(1)
-
(185)
(543)
357
262
738
136
806
589
24,613
19,384
90,745
83,162
Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income
(Million yen)For the fiscal year ended January 31,2020
For the fiscal year ended January 31,2021
Net sales Cost of sales Gross profit
Selling, general and administrative expenses
Freight and packing costs
Promotion expenses
Provision of allowance for doubtful accounts Retirement benefit expenses
Employees' salaries Employees' bonuses Provision for bonuses Welfare expenses
Travel and transportation expenses Utilities expenses
Lease Depreciation
Rent expenses on land and buildings Other
Total selling, general and administrative expenses
Operating profit (loss)
Non-operating income
Interest income Dividend income
Share of profit of entities accounted for using equity method
Subsidies for employment adjustment Other
Total non-operating income Non-operating expenses
Interest expenses
Other financial expenses
Share of loss of entities accounted for using equity method
Other
Total non-operating expenses Ordinary profit (loss)
231,266 186,217
187,162 149,813
44,104
36,404
5,465 4,806
1,915 1,395
60 18
(33) 49
15,371 14,886
2,146 1,415
489 418
2,935 2,787
1,385 993
1,643 1,506
938 952
2,129 2,119
3,509 3,452
4,711 4,744
42,671 1,433
39,546 (3,141)
5 38 7
6
27
-- 948
220 315
272
1,299
118 115
14 12
- 26
54 66
186 1,518
221 (2,063)
(Million yen)For the fiscal year ended January 31,2020
Extraordinary incomeFor the fiscal year ended January 31,2021
Gain on sales of non-current assets | 12 | 13 |
Gain on sales of investment securities | - | 1 |
Gain on bargain purchase | 241 | - |
Compensation income | 100 | - |
Other | 23 | - |
Total extraordinary income | 378 | 15 |
Extraordinary losses | ||
Loss on sales of non-current assets | 3 | 19 |
Loss on retirement of non-current assets | 78 | 237 |
Loss on store closings | 20 | 179 |
Impairment loss | 6 | 646 |
Loss on sales of investment securities | 0 | - |
Loss on valuation of investment securities | - | 178 |
Loss on step acquisitions | 95 | - |
Loss related to COVID | - | 52 |
Other | 20 | 3 |
Total extraordinary losses | 223 | 1,318 |
Profit (loss) before income taxes | 1,672 | (3,367) |
Income taxes - current | 1,108 | 610 |
Income taxes - deferred | 40 | (461) |
Total income taxes | 1,149 | 149 |
Profit (loss) | 523 | (3,516) |
Profit attributable to non-controlling interests | 48 | 74 |
Profit (loss) attributable to owners of parent | 474 | (3,591) |
Consolidated Statements of Comprehensive Income
(Million yen)For the fiscal year ended January 31,2020
For the fiscal year ended January 31,2021
Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities Deferred gains or losses on hedges
Foreign currency translation adjustment Remeasurements of defined benefit plans, net of tax Total other comprehensive income
Comprehensive income Comprehensive income attributable to
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests
523
(3,516)
105 3
1
27 (361)
533 (4,128)
491 (4,193)
41
65
Consolidated Statements of Changes in Net Assets
For the fiscal year ended January 31,2020
(Million yen)
Shareholders' equity | |||||
Share capital | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |
Balance at beginning of period | 5,344 | 5,089 | 13,336 | (638) | 23,131 |
Changes during period | |||||
Dividends of surplus | (537) | (537) | |||
Profit (loss) attributable to owners of parent | 474 | 474 | |||
Purchase of treasury shares | (0) | (0) | |||
Net changes in items other than shareholders' equity | |||||
Total changes during period | - | - | (62) | (0) | (63) |
Balance at end of period | 5,344 | 5,089 | 13,273 | (638) | 23,068 |
Accumulated other comprehensive income | Non-controlling interests | Total net assets | |||||
Valuation difference on available-for-sale securities | Deferred gains or losses on hedges | Foreign currency translation adjustment | Remeasurements of defined benefit plans | Total accumulated other comprehensive income | |||
Balance at beginning of period | 458 | (4) | (213) | 481 | 722 | 617 | 24,471 |
Changes during period | |||||||
Dividends of surplus | (537) | ||||||
Profit (loss) attributable to owners of parent | 474 | ||||||
Purchase of treasury shares | (0) | ||||||
Net changes in items other than shareholders' equity | 109 | 3 | 28 | (124) | 16 | 188 | 204 |
Total changes during period | 109 | 3 | 28 | (124) | 16 | 188 | 141 |
Balance at end of period | 568 | (1) | (185) | 357 | 738 | 806 | 24,613 |
For the fiscal year ended January 31,2021
(Million yen)
Shareholders' equity | |||||
Share capital | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |
Balance at beginning of period | 5,344 | 5,089 | 13,273 | (638) | 23,068 |
Changes during period | |||||
Dividends of surplus | (268) | (268) | |||
Profit (loss) attributable to owners of parent | (3,591) | (3,591) | |||
Purchase of treasury shares | (0) | (0) | |||
Purchase of shares of consolidated subsidiaries | (549) | (549) | |||
Transfer from retained earnings to capital surplus | 549 | (549) | - | ||
Net changes in items other than shareholders' equity | |||||
Total changes during period | - | - | (4,410) | (0) | (4,410) |
Balance at end of period | 5,344 | 5,089 | 8,863 | (639) | 18,657 |
Accumulated other comprehensive income | Non-controlling interests | Total net assets | |||||
Valuation difference on available-for-sale securities | Deferred gains or losses on hedges | Foreign currency translation adjustment | Remeasurements of defined benefit plans | Total accumulated other comprehensive income | |||
Balance at beginning of period | 568 | (1) | (185) | 357 | 738 | 806 | 24,613 |
Changes during period | |||||||
Dividends of surplus | (268) | ||||||
Profit (loss) attributable to owners of parent | (3,591) | ||||||
Purchase of treasury shares | (0) | ||||||
Purchase of shares of consolidated subsidiaries | (549) | ||||||
Transfer from retained earnings to capital surplus | - | ||||||
Net changes in items other than shareholders' equity | (150) | 1 | (358) | (95) | (602) | (216) | (818) |
Total changes during period | (150) | 1 | (358) | (95) | (602) | (216) | (5,229) |
Balance at end of period | 417 | - | (543) | 262 | 136 | 589 | 19,384 |
Consolidated Statements of Cash Flows
(Million yen)For the fiscal year ended January 31,2020
Cash flows from operating activities
Profit (loss) before income taxes Depreciation
Amortization of goodwill Impairment loss
Loss on retirement of non-current assets
Increase (decrease) in allowance for doubtful accounts Increase (decrease) in provision for place business closings
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for product warranties Increase (decrease) in provision for point card certificates
Loss (gain) on valuation of investment securities Gain on bargain purchase
Loss (gain) on step acquisitions
Increase (decrease) in retirement benefit liability Interest and dividend income
Interest expenses
Share of loss (profit) of entities accounted for using equity method
Other financial revenue and expenses Loss (gain) on sales of non-current assets Decrease (increase) in trade receivables Decrease (increase) in inventories
Decrease (increase) in other account receivables Increase (decrease) in trade payables
Increase (decrease) in other obligations
Increase (decrease) in accrued consumption taxes Other, net
Subtotal
Income taxes (paid) refund Interest and dividends received Interest paid
Dividends received from entities accounted for using equity method
Other financial revenue received and expenses paid Net cash provided by (used in) operating activities
789 822
For the fiscal year ended January 31,2021
6 646
(12) 152
(15) (69)
(15) 4
18 2
95
- -(308) (463)
(44) (34)
118 115
(7) 26
18 2
(9) 6
(153) 4,268
(277) 2,050
(665) 550
241
(6,524)
(49) 473
(143) 67
141 54
3,431
1,380
(844)
(1,166)
44
34
(118)
(115)
6
7
(17)
(1)
2,500
139
(Million yen)For the fiscal year ended January 31,2020
For the fiscal year ended January 31,2021
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits Purchase of non-current assets
Proceeds from sales and collection of non current assets
Purchase of investment securities
Proceeds from sales of investment securities Purchase of shares of subsidiaries resulting in change in scope of consolidation
Proceeds from purchase of shares of subsidiaries resulting in change in scope of consolidation Other, net
Net cash provided by (used in) investing activities Cash flows from financing activities
Net increase (decrease) in short-term borrowings Proceeds from long-term borrowings Repayments of long-term borrowings Repayments of lease obligations Purchase of treasury shares Dividends paid
Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period
(58)
(454)
- (1,882)
456 (1,999)
10 2
(221)
(978)
740
-
(0) (754)
1 (2,474)
- 10,550
300 16,690
(0) (0)
(538) (270)
- (849)
(28) 17
(2,202)
2,453
0
(69)
(455)
49
7,245
6,790
6,790
6,839
Attachments
- Original document
- Permalink
Disclaimer
TOHO Co. Ltd. published this content on 17 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2021 09:39:02 UTC.
