TOKUYAMA CORPORATION Summary of Consolidated Financial Statements for the First Quarter Fiscal 2022 (JPGAAP)
July 27, 2022 | |||
Tokuyama Corporation | Stock exchange listings: | Tokyo | |
(URL https://www.tokuyama.co.jp/eng/) | Local Code : | 4043 | |
Representative: | Hiroshi Yokota, President and Representative Director | ||
Contact: | Tetsuya Nakano, General Manager, Corporate Communications & Investor Relations Dept. | ||
+81-3-5207-2552 |
Scheduled date of dividends payout : | - |
Preparation of supplementary quarterly explanatory materials: Yes | |
Quarterly business results IR briefing to be held: | Yes (for institutional investors and analysts) |
1. Consolidated results for fiscal first quarter ended Jun. 30, 2022 (Apr. 1, 2022 - Jun. 30, 2022)
(1) Performance | Note: All amounts are rounded down to the nearest million yen. | |||||
Net sales | Operating profit | Ordinary profit | ||||
(millions of | Year-on- | (millions of | Year-on- | (millions of | Year-on- | |
year change | year change | year change | ||||
yen) | yen) | yen) | ||||
[%] | [%] | [%] | ||||
First Quarter Fiscal 2022 | 84,017 | 24.5 | 5,108 | (31.9) | 7,109 | (10.1) | ||
First Quarter Fiscal 2021 | 67,497 | (4.4) | 7,496 | 12.7 | 7,904 | 18.4 | ||
(Note) Comprehensive income: 1st Q FY22: 5,670 million yen [20.0%] | 1st Q FY21: 4,724 million yen [(26.1)%] | |||||||
Profit attributable to | Basic earnings per | Diluted earnings | ||||||
owners of parent | share | per share | ||||||
(millions of yen) | Year-on-year | (yen) | (yen) | |||||
change [%] | ||||||||
First Quarter Fiscal 2022 | 4,482 | (9.3) | 62.29 | - | ||||
First Quarter Fiscal 2021 | 4,941 | (5.1) | 68.65 | - |
(2) Consolidated financial position
Total assets | Net assets | Shareholders' | Net assets per | ||||
Equity ratio | share | ||||||
(millions of yen) | (millions of yen) | (%) | (yen) | ||||
June 30, 2022 | 455,661 | 235,725 | 49.9 | 3,161.97 | |||
March 31, 2022 | 433,210 | 232,917 | 51.8 | 3,120.25 | |||
(Reference) Shareholders' equity: | Jun. 30, 2022: | 227,507 million yen | Mar. 31, 2022: | 224,506 million yen |
2. Dividends
Annual dividends per share | |||||
（Period） | 1st quarter | 2nd quarter | 3rd quarter | Year-end | Total |
Fiscal 2021, ended | (yen) | (yen) | (yen) | (yen) | (yen) |
- | 35.00 | - | 35.00 | 70.00 | |
Mar 31, 2022 | |||||
Fiscal 2022, ending | - | ||||
Mar 31, 2023 | |||||
Fiscal 2022 | 35.00 | - | 35.00 | 70.00 | |
（Forecast） | |||||
(Note) Revision of the latest dividends forecast: No
3. Consolidated performance forecast for fiscal 2022 (April 1, 2022 - March 31, 2023)
(% indicates | the | rate of | change over | the corresponding previous periods respectively) | ||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | ||||||
owners of parent | per share | |||||||||
(millions of | [%] | (millions | of | [%] | (millions of | [%] | (millions of | [%] | (yen) | |
Fiscal 2022 | yen) | 22.5 | yen) | (0.2) | yen) | (3.3) | yen) | (37.5) | 243.22 | |
360,000 | 24,500 | 25,000 | 17,500 |
(Note) Revision of the latest consolidated performance forecast: No
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*Notes
- Changes in significant subsidiaries during this period
- No
- Application of accounting methods specific to the preparation of the quarterly consolidated financial statements
- Yes
(Note) For more details, please refer to "2. Quarterly Consolidated Financial Statements and (4) Notes on Quarterly Consolidated Financial Statements (Application of accounting methods specific to the preparation of the quarterly consolidated financial statements)" on page 11 of the Accompanying Materials to this Summary of Quarterly Consolidated Financial Statement.
(3) Changes of accounting policies, changes in accounting estimates, and retrospective restatements
i. Changes in accounting policy by revision of accounting standards: | No |
ii. Changes in accounting policy other than the above: | No |
iii. Changes in accounting estimates: | No |
iv. Retrospective restatements: | No |
- Number of shares issued (in common stock)
- Number of shares issued at end of period (including treasury stock):
- Number of treasury stock at end of period:
- Average number of shares over period:
1st Quarter | 72,088,327 | Fiscal 2021: | 72,088,327 |
Fiscal 2022: | |||
1st Quarter | 137,090 | Fiscal 2021: | 136,954 |
Fiscal 2022: | |||
1st Quarter | 71,951,164 | 1st Quarter | 71,985,131 |
Fiscal 2022: | Fiscal 2021: | ||
(Note) Notice on the implementation of quarterly review procedures
This summary of quarterly consolidated financial statements is not subject to quarterly review procedures in line with the Financial Instruments and Exchange Act. At the point of disclosure of this summary of quarterly consolidated financial statements, the quarterly consolidated financial statements review procedures in line with the Financial Instruments and Exchange Act are underway.
(Note) Cautions pertaining to appropriate use of performance forecast and other particular items
(Cautions related to Forward-looking statement)
The performance forecast and other forward-looking statements contained in this material have been prepared on the basis of information available at this point and certain assumptions which are judged to be rational, and may be substantially different from the actual performance because of various factors that may arise from now on.
(Access to supplementary explanations on business results)
The Company also provides supplementary materials "Presentation for IR Meeting" through TDnet at the same date.
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Contents for Accompanying Materials
- Qualitative information on consolidated results for this quarter
- Explanation concerning business results
- Explanation concerning financial position
- Explanation concerning information related to future prediction such as consolidated performance forecast
- Quarterly Consolidated Financial Statements
- Quarterly Consolidated Balance Sheets
- Quarterly Consolidated Statements of Income
- Quarterly Consolidated Statements of Comprehensive Income
- Notes on Quarterly Consolidated Financial Statements
- Segment Information
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1. Qualitative information on consolidated results for this quarter
(1) Explanation concerning business results
Consolidated results for the first quarter fiscal 2022 (April 1, 2022 - June 30, 2022) are summarized as follows:
(Unit: Millions of yen) | ||||
Operating | Profit | |||
Net sales | Ordinary profit | attributable to | ||
profit | owners of | |||
parent | ||||
First Quarter Fiscal 2022 | 84,017 | 5,108 | 7,109 | 4,482 |
First Quarter Fiscal 2021 | 67,497 | 7,496 | 7,904 | 4,941 |
Rate of change (%) | 24.5 | (31.9) | (10.1) | (9.3) |
Net sales
Consolidated net sales increased 24.5%, or ¥ 16,520 million compared with the corresponding period of the previous year, to ¥ 84,017 million owing to higher sales prices of petrochemical products, cement, and semiconductor-related products.
Cost of sales
Cost of sales increased 38.6%, or ¥ 16,696 million compared with the corresponding period of the previous year, to ¥ 59,900 million. This was due mainly to a upturn in raw material and fuel costs.
SG&A expenses
SG&A expenses increased 13.2%, or ¥ 2,211 million compared with the corresponding period of the previous year, to ¥ 19,008 million mainly due to increases in logistics costs and R&D expenses.
Operating profit
Operating profit decreased 31.9%, or ¥ 2,388 million compared with the corresponding period of the previous consolidated fiscal year, to ¥ 5,108 million. Despite upturn in export prices of caustic soda, this decrease in operating profit was mainly due to higher logistics costs, and raw material and fuel costs.
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Non-operating income/expenses, Ordinary profit
Non-operating income/expenses improved by ¥ 1,593 million compared with the corresponding period of the previous consolidated fiscal year.
As a result of the above, ordinary profit decreased 10.1 %, or ¥ 794 million compared with the corresponding period of the previous consolidated fiscal year, to ¥ 7,109 million.
Extraordinary income/losses, Profit before income taxes, Profit, Profit attributable to owners of parent
Extraordinary income/losses improved by ¥ 102 million compared with the corresponding period of the previous consolidated fiscal year.
As a result of the above, profit before income taxes decreased 8.9%, or ¥ 692 million compared with the corresponding period of the previous consolidated fiscal year, to ¥ 7,070 million.
Profit after deducting income taxes calculated in an appropriate way decreased 10.8%, or ¥ 536 million compared with the corresponding period of the previous consolidated fiscal year, to ¥ 4,450 million.
Profit attributable to owners of parent decreased 9.3%, or ¥ 459 million compared with the corresponding period of the previous consolidated fiscal year, to ¥ 4,482 million.
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Tokuyama Corporation published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 00:11:07 UTC.
