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, 2023 | ||||
(Based on Japanese GAAP) | ||||
July 27, 2023 | ||||
Company name: | TOMEN DEVICES CORPORATION | |||
Stock exchange listing: | Tokyo | |||
Stock code: | 2737 | URL https://www.tomendevices.co.jp | ||
Representative: | President | Ichiro Tsumaki | ||
Inquiries: | General manager,Accounting Department | Hideki Hara | TEL 03-3536-9150 | |
Scheduled date to file Quarterly Securities Report: | August 10, 2023 | |||
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, 2023 (from April 1, 2023 to June 30, 2023)
(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, 2023 | 87,968 | (20.7) | 3,127 | (17.2) | 2,098 | (6.0) | (1,052) | - | |||||||||||||||||||
Three months ended June 30, 2022 | 110,945 | 12.9 | 3,776 | 20.0 | 2,231 | (23.0) | 1,658 | (21.6) | |||||||||||||||||||
Note: Comprehensive income | Three months ended June 30, 2023 | ¥101 million | [(96.1)%] | ||||||||||||||||||||||||
Three months ended June 30, 2022 | ¥2,585 million | [10.0%] | |||||||||||||||||||||||||
Earnings per share | Diluted earnings per share | ||||||||||||||||||||||||||
Yen | Yen | ||||||||||||||||||||||||||
Three months ended June 30, 2023 | (154.82) | - | |||||||||||||||||||||||||
Three months ended June 30, 2022 | 243.90 | - | |||||||||||||||||||||||||
(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, 2023 | 139,503 | 41,238 | 29.6 | 6,063.52 | |||||||||||||||||||||||
As of March 31, 2023 | 107,177 | 44,198 | 40.3 | 6,353.93 | |||||||||||||||||||||||
Reference: Equity | As of June 30, 2023 | ¥41,238 million | |||||||||||||||||||||||||
As of March 31, 2023 | ¥43,213 million | ||||||||||||||||||||||||||
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, 2023 | - | 0.00 | - | 300.00 | 300.00 | ||||||||||||||||||||||
Year ending March 31, 2024 | - | ||||||||||||||||||||||||||
Year ending March 31, 2024 (Forecast) | 0.00 | - | 120.00 | 120.00 | |||||||||||||||||||||||
Note: Revisions to the cash dividend forecasts most recently announced: None | |||||||||||||||||||||||||||
3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024) | |||||||||||||||||||||||||||
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 | 355,000 | (15.0) | 6,300 | (48.5) | 4,500 | (31.7) | 850 | (82.7) | 124.98 | ||||||||||||||||||
Note: Revisions to the consolidated earnings forecasts most recently announced: None | |||||||||||||||||||||||||||
1 |
4. Notes
- Changes in significant subsidiaries during the three months ended June 30, 2023 (changes in specified subsidiaries resulting in the change in scope of consolidation):
- Application of special accounting methods for preparing quarterly consolidated financial statements:
No
Yes
(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: | No |
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, 2023 | 6,802,000 | shares | As of March 31, 2023 | 6,802,000 | shares | |
Number of treasury shares at the end of the period | ||||||
As of June 30, 2023 | 963 | shares | As of March 31, 2023 | 963 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Three months ended June 30, 2023 | 6,801,037 | shares | Three months ended June 30, 2022 | 6,801,058 | shares |
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
- Proper use of forecasts of financial results, and other special matters
(Caution regarding forward-looking statements and others)
The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Consequently, any statements herein do not constitute assurances regarding actual results by the Company. Actual business and other results may differ substantially due to various factors.
2
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | ||
As of March 31, 2023 | As of June 30, 2023 | |
Assets | ||
Current assets | ||
Cash and deposits | 7,489 | 13,119 |
Notes and accounts receivable - trade | 51,227 | 53,047 |
Electronically recorded monetary claims - operating | 2,849 | 1,822 |
Merchandise | 35,994 | 62,619 |
Advance payments to suppliers | 2,637 | 4,914 |
Deposits paid | 4,647 | 1,048 |
Other | 505 | 574 |
Total current assets | 105,352 | 137,145 |
Non-current assets | ||
Property, plant and equipment | 309 | 288 |
Intangible assets | 94 | 92 |
Investments and other assets | 1,421 | 1,976 |
Total non-current assets | 1,825 | 2,357 |
Total assets | 107,177 | 139,503 |
Liabilities | ||
Current liabilities | ||
Accounts payable - trade | 37,930 | 38,002 |
Short-term borrowings | 20,563 | 51,355 |
Income taxes payable | 488 | 19 |
Advances received | 175 | 3,042 |
Provision for bonuses | 282 | 72 |
Accounts payable - other | 2,115 | 3,425 |
Other | 708 | 1,626 |
Total current liabilities | 62,264 | 97,545 |
Non-current liabilities | ||
Retirement benefit liability | 509 | 518 |
Other | 204 | 201 |
Total non-current liabilities | 714 | 720 |
Total liabilities | 62,978 | 98,265 |
Net assets | ||
Shareholders' equity | ||
Share capital | 2,054 | 2,054 |
Capital surplus | - | 16 |
Retained earnings | 37,652 | 34,559 |
Treasury shares | (2) | (2) |
Total shareholders' equity | 39,703 | 36,627 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 231 | 37 |
Deferred gains or losses on hedges | 103 | (241) |
Foreign currency translation adjustment | 3,174 | 4,814 |
Total accumulated other comprehensive income | 3,509 | 4,611 |
Non-controlling interests | 985 | - |
Total net assets | 44,198 | 41,238 |
Total liabilities and net assets | 107,177 | 139,503 |
3
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, 2022 | June 30, 2023 | |
Net sales | 110,945 | 87,968 |
Cost of sales | 106,395 | 84,074 |
Gross profit | 4,549 | 3,894 |
Selling, general and administrative expenses | 773 | 766 |
Operating profit | 3,776 | 3,127 |
Non-operating income | ||
Interest income | 1 | 2 |
Dividend income | 9 | 10 |
Share of profit of entities accounted for using equity method | 5 | 10 |
Other | 5 | 0 |
Total non-operating income | 21 | 22 |
Non-operating expenses | ||
Interest expenses | 75 | 451 |
Loss on sale of receivables | 90 | 91 |
Foreign exchange losses | 1,389 | 499 |
Other | 10 | 8 |
Total non-operating expenses | 1,565 | 1,051 |
Ordinary profit | 2,231 | 2,098 |
Extraordinary income | ||
Gain on sale of investment securities | - | 391 |
Total extraordinary income | - | 391 |
Extraordinary losses | ||
Provision of allowance for doubtful accounts | - | 3,864 |
Loss on valuation of inventories | - | 371 |
Total extraordinary losses | - | 4,236 |
Profit (loss) before income taxes | 2,231 | (1,746) |
Income taxes | 528 | (700) |
Profit (loss) | 1,703 | (1,045) |
Profit attributable to non-controlling interests | 44 | 7 |
Profit (loss) attributable to owners of parent | 1,658 | (1,052) |
4
Consolidated statements of comprehensive income (cumulative)
(Millions of yen) | ||
Three months ended | Three months ended | |
June 30, 2022 | June 30, 2023 | |
Profit (loss) | 1,703 | (1,045) |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 19 | (193) |
Deferred gains or losses on hedges | (959) | (344) |
Foreign currency translation adjustment | 1,822 | 1,685 |
Total other comprehensive income | 882 | 1,147 |
Comprehensive income | 2,585 | 101 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 2,449 | 48 |
Comprehensive income attributable to non-controlling | 135 | 53 |
interests | ||
5
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TOMEN Devices Corporation published this content on 01 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2023 02:13:05 UTC.