YOTAI REFRACTORIES CO., LTD. Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Consolidated Financial Results
for the Six Months Ended September 30, 2021
[Japanese GAAP]
Company name: YOTAI REFRACTORIES CO.,LTD.
Stock exchange listing: Tokyo
Code number: 5357
URL: https://www.yotai.co.jp/
Representative: Mitsuo Taguchi
Contact: Shinichiro Takebayashi
November 11, 2021
President
Director, General Manager of General Affairs Department of
Head Office
Phone: 072-430-2100
Scheduled date of filing quarterly securities report: November 12, 2021
Scheduled date of commencing dividend payments: December 10, 2021
Availability of supplementary briefing material on quarterly financial results: No
Schedule of quarterly financial results briefing session: No
(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Six Months Ended September 30, 2021 (April 01, 2021 to September 30, 2021)
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||
owners of parent | ||||||||||
Six months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||
September 30, 2021 | 12,325 | 10.1 | 2,143 | 68.9 | 2,158 | 62.1 | 1,611 | 78.7 | ||
September 30, 2020 | 11,197 | (18.7) | 1,269 | (41.9) | 1,331 | (40.4) | 901 | (38.2) |
(Note) Comprehensive income: | Six months ended September 30, 2021: |
Six months ended September 30, 2020: |
¥ | 1,694 million | [ | 79.6%] |
¥ | 943 million | [ | (33.8) %] |
Basic earnings | Diluted earnings per | ||||
per share | share | ||||
Six months ended | Yen | Yen | |||
September 30, 2021 | 75.39 | - | |||
September 30, 2020 | 41.28 | - | |||
(2) Consolidated Financial Position | |||||
Total assets | Net assets | Capital adequacy ratio | |||
As of | Million yen | Million yen | % | ||
September 30, 2021 | 36,866 | 29,218 | 79.3 | ||
March 31, 2021 | 35,396 | 29,032 | 82.0 | ||
(Reference) Equity: As of | September 30, 2021: | ¥ | 29,218 million | ||
As of | March 31, 2021: | ¥ | 29,032 million |
2. Dividends
Annual dividends | |||||||
1st | 2nd | 3rd | Year-end | Total | |||
quarter-end | quarter-end | quarter-end | |||||
Yen | Yen | Yen | Yen | Yen | |||
Fiscal year ended March 31, 2021 | - | 5.00 | - | 12.00 | 17.00 | ||
Fiscal year ending March 31, 2022 | - | 16.00 | |||||
Fiscal year ending March 31, 2022 | - | 16.00 | 32.00 | ||||
(Forecast) | |||||||
(Note) Revision to the forecast for dividends | announced most | recently: | No |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022(April 01, 2021 to March 31, 2022)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | |||||||
owners of parent | per share | ||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |||
Full year | 24,200 | 2.7 | 3,100 | 6.1 | 3,200 | 5.9 | 2,200 | 19.2 | 101.00 | ||
(Note) Revision to the financial results forecast announced most recently: | No | ||||||||||
* Notes: | |||||||||||
(1) Changes in significant subsidiaries during the six months ended September 30, 2021 | |||||||||||
(changes in specified subsidiaries resulting in changes in scope of consolidation): | No | ||||||||||
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: | No |
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: Yes
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
September 30, 2021: | 25,587,421 | shares |
March 31, 2021: | 25,587,421 | shares |
2) Total number of treasury shares at the end of the period: | ||
September 30, 2021: | 4,786,923 | shares |
March 31, 2021: | 3,805,354 | shares |
3) Average number of shares during the period: | ||
Six months ended September 30, 2021: | 21,373,096 | shares |
Six months ended September 30, 2020: | 21,843,136 | shares |
Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets
(Thousand yen) | ||||
As of March 31,2021 | As of September 30,2021 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 11,390,772 | 10,676,481 | ||
Notes and accounts receivable - trade | 8,866,063 | - | ||
Notes and accounts receivable - trade, and contract | - | 9,388,473 | ||
assets | ||||
Electronically recorded monetary claims - | 1,702,885 | 1,649,968 | ||
operating | ||||
Finished goods | 2,963,605 | 3,367,616 | ||
Work in process | 369,785 | 290,638 | ||
Raw materials and supplies | 2,518,718 | 3,405,854 | ||
Other | 113,146 | 400,130 | ||
Allowance for doubtful accounts | (3,337) | (5,054) | ||
Total current assets | 27,921,641 | 29,174,108 | ||
Non-current assets | ||||
Property, plant and equipment | 5,094,308 | 5,216,477 | ||
Intangible assets | 21,938 | 26,642 | ||
Investments and other assets | ||||
Investment securities | 2,116,078 | 2,172,157 | ||
Other | 270,828 | 291,939 | ||
Allowance for doubtful accounts | (28,249) | (14,497) | ||
Total investments and other assets | 2,358,657 | 2,449,599 | ||
Total non-current assets | 7,474,904 | 7,692,719 | ||
Total assets | 35,396,546 | 36,866,827 |
(Thousand yen) | ||||
As of March 31,2021 | As of September 30,2021 | |||
Liabilities | ||||
Current liabilities | ||||
Accounts payable - trade | 1,601,393 | 2,121,717 | ||
Electronically recorded obligations - operating | 1,536,325 | 1,988,640 | ||
Income taxes payable | 467,830 | 621,192 | ||
Provision for bonuses | - | 367,030 | ||
Provision for bonuses for directors (and other | 29,400 | 12,528 | ||
officers) | ||||
Other | 1,332,221 | 1,131,929 | ||
Total current liabilities | 4,967,171 | 6,243,037 | ||
Non-current liabilities | ||||
Retirement benefit liability | 1,350,087 | 1,370,516 | ||
Other | 46,795 | 35,187 | ||
Total non-current liabilities | 1,396,882 | 1,405,703 | ||
Total liabilities | 6,364,054 | 7,648,741 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 2,654,519 | 2,654,519 | ||
Capital surplus | 1,750,465 | 1,762,031 | ||
Retained earnings | 24,621,486 | 25,971,328 | ||
Treasury shares | (823,490) | (2,082,170) | ||
Total shareholders' equity | 28,202,981 | 28,305,709 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale | 673,417 | 683,819 | ||
securities | ||||
Deferred gains or losses on hedges | 7,789 | 8,232 | ||
Foreign currency translation adjustment | 161,793 | 225,793 | ||
Remeasurements of defined benefit plans | (13,490) | (5,469) | ||
Total accumulated other comprehensive income | 829,510 | 912,376 | ||
Total net assets | 29,032,492 | 29,218,086 | ||
Total liabilities and net assets | 35,396,546 | 36,866,827 |
Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the six months)
(Thousand yen) | ||
For the six months | For the six months | |
ended September 30,2020 | ended September 30,2021 | |
Net sales | 11,197,726 | 12,325,314 |
Cost of sales | 8,937,785 | 9,048,082 |
Gross profit | 2,259,940 | 3,277,231 |
Selling, general and administrative expenses | 990,684 | 1,133,386 |
Operating profit | 1,269,255 | 2,143,845 |
Non-operating income | ||
Interest income | 3,452 | 3,472 |
Dividend income | 33,433 | 36,897 |
Rental income from real estate | 8,634 | 10,062 |
Subsidies for employment adjustment | 18,000 | - |
Other | 11,264 | 15,716 |
Total non-operating income | 74,783 | 66,148 |
Non-operating expenses | ||
Interest expenses | 377 | 236 |
Commission for purchase of treasury shares | 971 | 8,841 |
Foreign exchange losses | 9,693 | 705 |
Loss on retirement of non-current assets | 584 | 38,364 |
Other | 1,315 | 3,673 |
Total non-operating expenses | 12,942 | 51,821 |
Ordinary profit | 1,331,096 | 2,158,172 |
Extraordinary losses | ||
Loss on sale of non-current assets | 11,089 | - |
Total extraordinary losses | 11,089 | - |
Profit before income taxes | 1,320,007 | 2,158,172 |
Income taxes - current | 427,859 | 586,481 |
Income taxes - deferred | (9,458) | (39,535) |
Total income taxes | 418,401 | 546,945 |
Profit | 901,606 | 1,611,227 |
Profit attributable to non-controlling interests | - | - |
Profit attributable to owners of parent | 901,606 | 1,611,227 |
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Yotai Refractories Co. Ltd. published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 07:16:10 UTC.
