TOHTO SUISAN CO., LTD. Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2021 (Based on Japanese GAAP)
February 9, 2022 | ||||
Company name: | Tohto Suisan Co., Ltd | |||
Stock exchange listing: | Tokyo | |||
Stock code: | 8038 | URL https://www.tohsui.co.jp | ||
Representative: | President and Representative Director | Koh Ehara | ||
Inquiries: | Operating Officer, Accounting Dept. | Hiroshi Tanaka | TEL 03-6633-1005 | |
Scheduled date to file Quarterly Securities Report: | February 14, 2022 | |||
Scheduled date to commence dividend payments: | - | |||
Preparation of supplementary material on quarterly financial results: | No | |||
Holding of quarterly financial results meeting: | No |
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2021 (from April 1, 2021 to December 31, 2021)
(1) Consolidated operating results (cumulative) | Percentages indicate year-on-year changes | ||||||||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||||||||||||
owners of parent | |||||||||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||||||||||
Nine months ended December 31, 2021 | 62,291 | - | 1,457 | 30.4 | 1,638 | 15.7 | 1,243 | 15.2 | |||||||||||||||
Nine months ended December 31, 2020 | 79,291 | (11.8) | 1,117 | 41.7 | 1,416 | 45.9 | 1,079 | 48.0 | |||||||||||||||
Earnings per share | Diluted earnings per share | ||||||||||||||||||||||
Yen | Yen | ||||||||||||||||||||||
Nine months ended December 31, 2021 | 316.44 | - | |||||||||||||||||||||
Nine months ended December 31, 2020 | 274.24 | - | |||||||||||||||||||||
(2) Consolidated financial position | |||||||||||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||||||||||||
Millions of yen | Millions of yen | % | Yen | ||||||||||||||||||||
As of December 31, 2021 | 33,652 | 19,682 | 58.5 | 5,017.03 | |||||||||||||||||||
As of March 31, 2021 | 30,068 | 18,263 | 60.7 | 4,641.76 | |||||||||||||||||||
2. Cash dividends | |||||||||||||||||||||||
Annual dividends per share | |||||||||||||||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | |||||||||||||||||||
Year ended March 31, 2021 | - | - | - | 80.00 | 80.00 | ||||||||||||||||||
Year ending March 31, 2022 | - | - | - | ||||||||||||||||||||
Year ending March 31, 2022 (Forecast) | 80.00 | 80.00 | |||||||||||||||||||||
Note: Revision of cash dividend forecast most recently announced: No | |||||||||||||||||||||||
3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022) | |||||||||||||||||||||||
Percentages indicate year-on-year changes | |||||||||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | |||||||||||||||||||
owners of parent | |||||||||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |||||||||||||||
Full year | 80,000 | - | 1,500 | 4.2 | 1,600 | (8.0) | 1,300 | (14.7) | 330.87 |
Note 1: Revision of consolidated financial results forecast most recently announced: No
Note 2: The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations from the beginning of the first quarter of the fiscal year, and the figures for the forecast of consolidated financial results for the year ending March 31, 2022 are the figures after applying the accounting standard and relevant ASBJ regulations. As a result of this change, because net sales decreased significantly compared with the previous fiscal year, the year-on-year change is not shown.
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4. Notes
- Changes in significant subsidiaries during the nine months ended December 31, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation):
- Application of special accounting methods for preparing quarterly consolidated financial statements:
No
No
(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements | |
Changes in accounting policies due to revisions to accounting standards and other regulations: | Yes |
Changes in accounting policies due to other reasons: | No |
Changes in accounting estimates: | No |
Restatement of prior period financial statements: | No |
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2021 | 4,026,000 | shares | As of March 31, 2021 | 4,026,000 | shares | |
Number of treasury shares at the end of the period | ||||||
As of December 31, 2021 | 102,960 | shares | As of March 31, 2021 | 91,328 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Nine months ended December 31, 2021 | 3,929,001 | shares | Nine months ended December 31, 2020 | 3,934,684 | shares |
- Quarterly financial results reports are exempt from quarterly review procedures conducted by certified public accountants or an audit corporation.
- Proper use of forecasts of financial results, and other special matters
The forward-looking statements, including the earnings forecasts, shown in this document are based on information currently available to the Company and on certain assumptions deemed to be reasonable. These statements do not purport that the Company pledges to realize such statements. Actual results may differ substantially due to various factors.
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Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of March 31, 2021 | As of December 31, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 10,287 | 7,994 | |
Notes and accounts receivable - trade | 5,270 | 8,476 | |
Merchandise and finished goods | 1,772 | 3,798 | |
Work in process | 8 | 8 | |
Raw materials and supplies | 94 | 87 | |
Other | 404 | 473 | |
Allowance for doubtful accounts | (364) | (431) | |
Total current assets | 17,472 | 20,407 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 3,447 | 3,333 | |
Land | 3,163 | 3,160 | |
Other, net | 851 | 960 | |
Total property, plant and equipment | 7,461 | 7,454 | |
Intangible assets | 2,438 | 3,123 | |
Investments and other assets | |||
Other | 2,867 | 2,829 | |
Allowance for doubtful accounts | (171) | (162) | |
Total investments and other assets | 2,695 | 2,666 | |
Total non-current assets | 12,596 | 13,244 | |
Total assets | 30,068 | 33,652 | |
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 2,368 | 4,795 | |
Short-term borrowings | 2,346 | 2,841 | |
Income taxes payable | 69 | 185 | |
Provision for bonuses | 54 | 16 | |
Provision for shareholder benefit program | 2 | 5 | |
Other | 1,114 | 1,030 | |
Total current liabilities | 5,955 | 8,875 | |
Non-current liabilities | |||
Long-term borrowings | 3,127 | 2,337 | |
Retirement benefit liability | 867 | 817 | |
Provision for share awards for directors | - | 15 | |
Provision for share awards | 33 | 27 | |
Asset retirement obligations | 124 | 125 | |
Other | 1,695 | 1,771 | |
Total non-current liabilities | 5,848 | 5,095 | |
Total liabilities | 11,804 | 13,970 |
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(Millions of yen) | |||
As of March 31, 2021 | As of December 31, 2021 | ||
Net assets | |||
Shareholders' equity | |||
Share capital | 2,376 | 2,376 | |
Capital surplus | 1,085 | 1,085 | |
Retained earnings | 14,885 | 15,810 | |
Treasury shares | (196) | (260) | |
Total shareholders' equity | 18,149 | 19,011 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 486 | 503 | |
Deferred gains or losses on hedges | (10) | 0 | |
Revaluation reserve for land | 360 | 360 | |
Foreign currency translation adjustment | (741) | (211) | |
Remeasurements of defined benefit plans | 19 | 18 | |
Total accumulated other comprehensive income | 114 | 670 | |
Total net assets | 18,263 | 19,682 | |
Total liabilities and net assets | 30,068 | 33,652 |
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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen) | |||
Nine months ended | Nine months ended | ||
December 31, 2020 | December 31, 2021 | ||
Net sales | 79,291 | 62,291 | |
Cost of sales | 74,867 | 57,335 | |
Gross profit | 4,424 | 4,955 | |
Selling, general and administrative expenses | 3,306 | 3,498 | |
Operating profit | 1,117 | 1,457 | |
Non-operating income | |||
Interest income | 32 | 15 | |
Dividend income | 98 | 67 | |
Gain on sale of non-current assets | 16 | 47 | |
Subsidy income | 101 | 40 | |
Foreign exchange gains | 32 | - | |
Gain on valuation of currency swaps | 1 | - | |
Other | 44 | 46 | |
Total non-operating income | 327 | 217 | |
Non-operating expenses | |||
Interest expenses | 19 | 16 | |
Foreign exchange losses | - | 15 | |
Other | 9 | 4 | |
Total non-operating expenses | 29 | 36 | |
Ordinary profit | 1,416 | 1,638 | |
Extraordinary income | |||
Gain on sale of investment securities | - | 7 | |
Total extraordinary income | - | 7 | |
Extraordinary losses | |||
Loss on valuation of investment securities | 29 | - | |
Total extraordinary losses | 29 | - | |
Profit before income taxes | 1,386 | 1,645 | |
Income taxes - current | 232 | 317 | |
Income taxes - deferred | 74 | 84 | |
Total income taxes | 307 | 402 | |
Profit | 1,079 | 1,243 | |
Profit attributable to owners of parent | 1,079 | 1,243 |
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Tohto Suisan Co. Ltd. published this content on 21 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 February 2022 04:10:01 UTC.
