Translation
Notice: This English version is a translation of the original Japanese document and is only for reference purposes. In the case where any differences occur between the English version and the original Japanese version, the Japanese version will prevail.
August 8, 2023
CONSOLIDATED FINANCIAL RESULTS
for the First Three Months of the Fiscal Year Ending March 31, 2024
Company name: | TOMY COMPANY, LTD. | |
Listing: | Prime Market of the Tokyo Stock Exchange | |
Securities identification code: | 7867 | |
URL: | www.takaratomy.co.jp | |
Representative: | Kazuhiro Kojima, Representative Director, President & COO | |
Inquiries: | Goshiro Ito, | |
Senior Executive Officer, CFO, Head of Corporate Administrations | ||
TEL: +81-3-5654-1548 (from overseas) | ||
Scheduled date to file quarterly securities report: | August 9, 2023 | |
Scheduled date to commence dividend payments: | - | |
Supplementary material on quarterly financial results: | No | |
Quarterly financial results presentation meeting: | Yes (for institutional investors and analysts) |
(in millions of yen with fractional amounts discarded, unless otherwise noted)
1. Consolidated performance for the first three months of the fiscal year ending March 31, 2024 (From April 1, 2023 to June 30, 2023)
(1) Consolidated operating results (cumulative)
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||
owners of parent | |||||||||
Three months ended | Millions of | % | Millions of | % | Millions of | % | Millions of | % | |
yen | yen | yen | yen | ||||||
June 30, 2023 | 43,102 | 9.0 | 2,506 | 50.5 | 2,330 | 74.5 | 1,805 | 145.6 | |
June 30, 2022 | 39,552 | 12.8 | 1,665 | (22.5) | 1,335 | (37.7) | 735 | (75.6) | |
Note: | Comprehensive income | ||||
Three months ended June 30, 2023 | ¥6,451 million | [(2.3)%] | |||
Three months ended June 30, 2022 | ¥6,600 million | [138.3%] | |||
Basic earnings per share | Diluted earnings per | ||||
share | |||||
Three months ended | yen | yen | |||
June 30, 2023 | 19.72 | 19.70 | |||
June 30, 2022 | 8.04 | 8.03 | |||
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |||
As of | Millions of yen | Millions of yen | % | yen | ||
June 30, 2023 | 163,733 | 91,185 | 55.6 | 1,003.97 | ||
March 31, 2023 | 159,519 | 87,167 | 54.5 | 950.39 | ||
Reference: | Equity | |||||
As of June 30, 2023 | ¥91,085 million | |||||
As of March 31, 2023 | ¥87,012 million |
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2. Cash dividends
Annual dividends | ||||||
First quarter-end | Second quarter-end | Third quarter-end | Year-end | Total | ||
yen | yen | yen | yen | yen | ||
Fiscal year ended | - | 17.50 | - | 15.00 | 32.50 | |
March 31, 2023 | ||||||
Fiscal year ending | - | |||||
March 31, 2024 | ||||||
Fiscal year ending | ||||||
March 31, 2024 | 17.50 | - | 17.50 | 35.00 | ||
(Forecast) | ||||||
Note: | Revisions to the cash dividend forecasts most recently announced: None |
3. Consolidated earnings forecasts for the fiscal year ending March 31, 2024
(From April 1, 2023 to March 31, 2024)
Profit attributable to | Basic | |||||||||
Net sales | Operating profit | Ordinary profit | earnings per | |||||||
owners of parent | ||||||||||
share | ||||||||||
Millions | % | Millions | % | Millions | % | Millions | % | yen | ||
of yen | of yen | of yen | of yen | |||||||
Six months ending | 92,000 | 3.3 | 6,000 | (0.2) | 5,600 | 14.4 | 4,000 | 25.3 | 43.61 | |
September 30, 2023 | ||||||||||
(cumulative) | ||||||||||
Fiscal year ending | 195,000 | 4.1 | 13,500 | 2.9 | 13,000 | 7.9 | 9,000 | 8.2 | 98.13 | |
March 31, 2024 | ||||||||||
Note: Revisions to the consolidated earnings forecasts most recently announced: None |
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- Notes
- Changes in significant subsidiaries during the three months under review (changes in specified subsidiaries resulting in the change in scope of consolidation): None
-
Application of specific accounting for preparing quarterly consolidated financial statements: Yes
Note: For more details, please refer to the section of "(3) Notes Regarding Consolidated Financial
Statements, (Application of specific accounting for preparing quarterly consolidated financial statements)" of "2. Consolidated Financial Statements and Significant Notes Thereto" on page 13 of the attached material. - Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards: None
- Changes in accounting policies due to other reasons: None
- Changes in accounting estimates: None
- Restatement: None
- 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 | 93,616,650 shares |
As of March 31, 2023 | 94,990,850 shares |
- Number of treasury shares at the end of the period
As of June 30, 2023
As of March 31, 2023
2,891,730 shares
3,435,898 shares
- Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2023 | 91,581,157 shares |
Three months ended June 30, 2022 | 91,502,219 shares |
Note: The Company has introduced "Performance-linkedstock-based compensation system for Directors (excluding outside directors and part-time directors)" and "Performance-linked stock- based compensation system for Executive Officers." Treasury shares remaining in the "Performance-linkedstock-based compensation system for Directors (excluding outside directors and part-time directors)" and the "Performance-linkedstock-based compensation system for Executive Officers" that are recorded as treasury shares in shareholders' equity are included in treasury shares to be deducted in the calculation of the total number of issued shares at the end of the period for the calculation of net assets per share. They are also included in treasury shares to be deducted in the calculation of the average number of shares during the period for the calculation of basic earnings per share.
- Quarterly financial results reports are exempt from quarterly reviews conducted by certified public accountants or an audit corporation.
-
Proper use of earnings forecasts, and other special matters
Regarding future forecasts, please refer to "(3) Explanation of Consolidated Earnings Forecasts and Other Forward-looking Statements," under "1. Qualitative Information Regarding Consolidated Operating Results," on page 8.
A financial results presentation meeting for institutional investors and analysts will be held via telephone conference on August 8, 2023.
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[Attached Material] | ||
Qualitative Information Regarding Consolidated Operating Results | ||
(2) | Overview of Financial Position | 8 |
(3) | Explanation of Consolidated Earnings Forecasts and Other Forward-looking Statements | 8 |
2. | Consolidated Financial Statements and Significant Notes Thereto | 9 |
(1) | Consolidated Balance Sheet | 9 |
(2) | Consolidated Statement of Income and Consolidated Statement of Comprehensive Income ... | 11 |
(Consolidated statement of income) | 11 | |
(Consolidated statement of comprehensive income) | 12 | |
(3) | Notes Regarding Consolidated Financial Statements | 13 |
(Notes regarding assumption of going concern) | 13 | |
(Notes on significant changes in the amount of shareholders' equity) | 13 | |
(Application of specific accounting for preparing quarterly consolidated financial statements) .. | 13 | |
(Consolidated statement of income) | 13 | |
(Segment information) | 14 |
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1. Qualitative Information Regarding Consolidated Operating Results
-
Explanation of Operating Results
(Highlights of First Three Months of the Fiscal Year Ending March 31, 2024)
Toward our corporate philosophy of "in order to fulfill the dreams of all," the TOMY Group is further strengthening its toy business to build a solid management foundation, and promoting overseas expansion to transform itself into a truly Outstanding Global Company. In the fiscal year ending March 31, 2024, as the final year of the Medium-Term Management Plan that began in the fiscal year ended March 31, 2022, we will flexibly respond to changes in economic activities and consumer behavior, and will work toward achieving each measure of the Medium-Term Management Plan.
(Impacts etc. of the novel coronavirus disease (COVID-19))
Social and economic activities moved further toward normalization in Japan, as are shown in such developments as a recovery in the flow of people, including foreign tourists visiting Japan, and the resumption of various events. This followed the reclassification of COVID-19 from a Class 2 to a Class 5 infectious disease under the Infectious Diseases Control Law on May 8, 2023, among other moves. A similar trend to that of Japan toward a recovery in daily life was also seen overseas.
In addition, the business environment surrounding the Company still remains highly uncertain overall with the sharp rise in global raw materials prices and inflation and extreme foreign exchange fluctuations that began with the sudden deterioration in the situation in Ukraine.
(Consolidated performance) ・Net sales
Net sales were ¥43,102 million (up 9.0% year on year). For our long-standing products, we continued our efforts to plan, develop, and enhance sales of products that appeal not only to children but also to adults. In "PLARAIL," we began releasing the new "PLARAIL Real Class" for adults, which enables both the enjoyment of displaying and the enjoyment of playing, in addition to the existing lineup of products aimed at children. By announcing the comeback of "Jenny," a fashion doll that first appeared and was popular in the 1980s, as a friend to the "#Licca (Hashtag Licca)" series, we made efforts to widen the age range of our customers.
In addition, we worked to link toys to content as part of our initiative to develop our intellectual property (IP) on television and the internet, such as by launching "ANIA Kingdom," the first TV animation for the "ANIA" series of animal figures that can be moved when playing.
At group companies, sales increased in the GACHA capsule toy business being developed by T-ARTS Company, as a result of the expanded installation of large-scale GACHA sales spaces and the expansion of products for adults that make use of popular content, while the amusement machine Pokémon Mezastar remained popular. Furthermore, sales grew in the KIDDY LAND retail business due to the recovery in the flow of people, including foreign tourists visiting Japan, while in China there was a recovery in sales due in part to the reaction to lockdowns imposed in the same period of the previous fiscal year.
・Profit
Operating profit was ¥2,506 million (up 50.5% year on year), and ordinary profit was ¥2,330 million (up 74.5% year on year), reflecting growth in gross profit due to the increase in net sales and also due to the improvement in our sales cost ratio driven by stability in shipping costs and other factors. Profit attributable to owners of parent was ¥1,805 million (up 145.6% year on year).
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TOMY Company Ltd. published this content on 08 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 August 2023 01:14:01 UTC.