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 Three Months Ended June 30, 2022 (Based on Japanese GAAP)
August 8, 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 | Shoji Kuga | ||
Inquiries: | Operating Officer, Accounting Dept. | Hiroshi Tanaka | TEL 03-6633-1005 | |
Scheduled date to file Quarterly Securities Report: | August 12, 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 three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)
(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 | % | ||||||||||||||||
Three months ended June 30, 2022 | 21,405 | 17.9 | 257 | 58.4 | 358 | 68.4 | 298 | 90.0 | |||||||||||||||
Three months ended June 30, 2021 | 18,153 | - | 162 | 232.7 | 213 | (7.6) | 157 | (13.2) | |||||||||||||||
Earnings per share | Diluted earnings per share | ||||||||||||||||||||||
Yen | Yen | ||||||||||||||||||||||
Three months ended June 30, 2022 | 76.09 | - | |||||||||||||||||||||
Three months ended June 30, 2021 | 39.93 | - | |||||||||||||||||||||
(2) Consolidated financial position | |||||||||||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||||||||||||
Millions of yen | Millions of yen | % | Yen | ||||||||||||||||||||
As of June 30, 2022 | 32,249 | 20,912 | 64.8 | 5,330.42 | |||||||||||||||||||
As of March 31, 2022 | 31,381 | 20,347 | 64.8 | 5,186.47 | |||||||||||||||||||
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, 2022 | - | - | - | 100.00 | 100.00 | ||||||||||||||||||
Year ending March 31, 2023 | - | ||||||||||||||||||||||
Year ending March 31, 2023 (Forecast) | - | - | 100.00 | 100.00 | |||||||||||||||||||
Note: Revision of cash dividend forecast most recently announced: No | |||||||||||||||||||||||
3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023) | |||||||||||||||||||||||
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 | (1.3) | 1,500 | (18.9) | 1,600 | (20.8) | 1,300 | (18.6) | 331.36 |
1
4. Notes
- Changes in significant subsidiaries during the three months ended June 30, 2022 (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 June 30, 2022 | 4,026,000 | shares | As of March 31, 2022 | 4,026,000 | shares | |
Number of treasury shares at the end of the period | ||||||
As of June 30, 2022 | 102,703 | shares | As of March 31, 2022 | 102,780 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Three months ended June 30, 2022 | 3,923,239 | shares | Three months ended June 30, 2021 | 3,934,841 | 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, 2022 | As of June 30, 2022 | ||
Assets | |||
Current assets | |||
Cash and deposits | 9,130 | 7,863 | |
Notes and accounts receivable - trade | 5,810 | 6,495 | |
Merchandise and finished goods | 2,998 | 3,861 | |
Work in process | 4 | 1 | |
Raw materials and supplies | 86 | 70 | |
Other | 393 | 420 | |
Allowance for doubtful accounts | (382) | (430) | |
Total current assets | 18,041 | 18,281 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 3,236 | 3,209 | |
Land | 2,969 | 2,980 | |
Other, net | 998 | 987 | |
Total property, plant and equipment | 7,204 | 7,177 | |
Intangible assets | |||
Fishery right | 3,097 | 3,448 | |
Other | 220 | 217 | |
Total intangible assets | 3,317 | 3,665 | |
Investments and other assets | |||
Other | 2,979 | 3,282 | |
Allowance for doubtful accounts | (162) | (158) | |
Total investments and other assets | 2,817 | 3,124 | |
Total non-current assets | 13,339 | 13,968 | |
Total assets | 31,381 | 32,249 | |
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 2,403 | 2,983 | |
Short-term borrowings | 2,619 | 2,509 | |
Income taxes payable | 280 | 52 | |
Provision for bonuses | 65 | 135 | |
Provision for shareholder benefit program | 1 | 1 | |
Other | 900 | 1,053 | |
Total current liabilities | 6,271 | 6,735 | |
Non-current liabilities | |||
Long-term borrowings | 2,060 | 1,839 | |
Retirement benefit liability | 785 | 799 | |
Provision for share awards | 33 | 32 | |
Provision for share awards for directors | 20 | 25 | |
Asset retirement obligations | 122 | 122 | |
Other | 1,739 | 1,782 | |
Total non-current liabilities | 4,761 | 4,601 | |
Total liabilities | 11,033 | 11,337 |
3
(Millions of yen) | |||
As of March 31, 2022 | As of June 30, 2022 | ||
Net assets | |||
Shareholders' equity | |||
Share capital | 2,376 | 2,376 | |
Capital surplus | 1,085 | 1,085 | |
Retained earnings | 16,002 | 15,902 | |
Treasury shares | (260) | (260) | |
Total shareholders' equity | 19,203 | 19,104 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 612 | 654 | |
Deferred gains or losses on hedges | (0) | (1) | |
Revaluation reserve for land | 522 | 522 | |
Foreign currency translation adjustment | (38) | 592 | |
Remeasurements of defined benefit plans | 47 | 39 | |
Total accumulated other comprehensive income | 1,144 | 1,808 | |
Total net assets | 20,347 | 20,912 | |
Total liabilities and net assets | 31,381 | 32,249 |
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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen) | |||
Three months ended | Three months ended | ||
June 30, 2021 | June 30, 2022 | ||
Net sales | 18,153 | 21,405 | |
Cost of sales | 16,746 | 19,941 | |
Gross profit | 1,407 | 1,463 | |
Selling, general and administrative expenses | 1,244 | 1,206 | |
Operating profit | 162 | 257 | |
Non-operating income | |||
Interest income | 6 | 5 | |
Dividend income | 44 | 99 | |
Subsidy income | 23 | 0 | |
Other | 11 | 35 | |
Total non-operating income | 85 | 139 | |
Non-operating expenses | |||
Interest expenses | 5 | 4 | |
Foreign exchange losses | 26 | 23 | |
Other | 2 | 9 | |
Total non-operating expenses | 34 | 38 | |
Ordinary profit | 213 | 358 | |
Extraordinary income | |||
Gain on sale of investment securities | 7 | - | |
Total extraordinary income | 7 | - | |
Profit before income taxes | 220 | 358 | |
Income taxes - current | 39 | 50 | |
Income taxes - deferred | 23 | 10 | |
Total income taxes | 63 | 60 | |
Profit | 157 | 298 | |
Profit attributable to owners of parent | 157 | 298 |
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Tohto Suisan Co. Ltd. published this content on 19 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2022 04:23:01 UTC.
