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 December 31, 2021
(Based on Japanese GAAP)
February 10, 2022
Company name: Advance Create Co.,Ltd.
Stock exchange listing: Tokyo
Stock code: | 8798 URLhttps://www.advancecreate.co.jp/ |
Representative: | President Yoshiharu Hamada |
Officer, General Manager of Corporate | |
Inquiries: |
Akira Iwai | |
Planning Division | |
Scheduled date to file Quarterly Securities Report: | February 10, 2022 |
Scheduled date to commence dividend payments: | - |
Preparation of supplementary material on quarterly financial results: | Yes |
Holding of quarterly financial results meeting: | No |
TEL 06-6204-1193
(Amounts The company conducted a stock split on April 1ts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended December 31, 2021 (from October 1, 2021 to December 31, 2021)
(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | |||||
Three months ended December 31, 2021 Three months ended December 31, 2020 | Millions of yen 2,712 2,573 | % 5.4 (2.5) | Millions of yen 340 215 | % 58.0 (27.0) | Millions of yen 310 186 | % 66.5 (32.9) | Millions of yen 173 92 | % 86.6 (47.6) |
Earnings per share | Diluted earnings per share | |
Three months ended December 31, 2021 Three months ended December 31, 2020 | Yen 7.89 4.32 | Yen - 4.31 |
(Note) The Company conducted a 2-for-1 stock split of its common shares on April 1, 2021. Earnings per share for the first quarter and diluted earnings per share for the first quarter have been calculated based on the assumption that the stock split was carried out at the beginning of the previous fiscal year.
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | |
As of December 31, 2021 As of September 30, 2021 | Millions of yen 11,187 11,808 | Millions of yen 6,339 6,723 | % 56.7 56.9 |
2. Cash dividends
Annual dividends per share | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |
Year ended September 30, 2021 Year ending September 30, 2022 | Yen - - | Yen 30.00 | Yen - | Yen 15.00 | Yen - |
Year ending September 30, 2022 (Forecast) | 15.00 | - | 15.00 | 30.00 |
(Note) Revision of dividend forecast to the latest announcement: No
The Company conducted a 2-for-1 stock split of its common shares on April 1, 2021. The amounts stated for dividends for the first six months of the fiscal year ended September 30, 2021 and for prior periods are stated at the actual amount paid per share based on the number of shares before the stock split. Without factoring in the stock split, the year-end dividend for the fiscal year ended September 30, 2021 would have been ¥30.00 and the annual dividend per share would have been ¥60.00. Furthermore, the total dividend amount for the fiscal year is presented as "-" as simple addition is not appropriate.
3. Forecast of consolidated financial results for the year ending September 30, 2022 (from October 1, 2021 to September 30, 2022)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Earnings per share | |||||
Full year | Millions of yen 12,500 | % 13.4 | Millions of yen 2,300 | % 12.7 | Millions of yen 2,200 | % 14.2 | Millions of yen 1,450 | % 11.9 | Yen 66.31 |
4. Notes
(1) Changes in significant subsidiaries during the three months ended December 31, 2021
(changes in specified subsidiaries resulting in the change in scope of consolidation):
(2) Application of special accounting methods for preparing quarterly consolidated financial statements:
NoNo
(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) | |
Number of treasury shares at the end of the period | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | |
2 |
As of December 31, 2021 | 22,557,200 shares | As of September 30, 2021 | 22,557,200 shares |
As of December 31, 2021 | 720,478 shares | As of September 30, 2021 | 556,878 shares |
Three months ended December 31, 2021 | 21,961,824 shares | Three months ended December 31, 2020 | 21,502,854 shares |
Quarterly consolidated financial statements Consolidated balance sheets
(Thousands of yen) | ||
As of September 30, 2021 | As of December 31, 2021 | |
Assets Current assets Cash and deposits Notes and accounts receivable - trade Accounts receivable - other Other | 3,337,578 1,406,935 2,456,697 767,405 | 1,857,889 1,301,619 3,050,040 1,023,752 |
Total current assets | 7,968,616 | 7,233,301 |
Non-current assets Property, plant and equipment Intangible assets Software Other | 581,376 697,685 95,215 | 694,345 790,078 47,423 |
Total intangible assets | 792,901 | 837,502 |
Investments and other assets Investment securities Guarantee deposits Insurance funds Deferred tax assets Other | 328,571 614,976 740,584 316,761 446,648 | 273,197 620,653 740,584 274,161 497,523 |
Total investments and other assets | 2,447,542 | 2,406,120 |
Total non-current assets | 3,821,820 | 3,937,968 |
Deferred assets | 17,950 | 16,266 |
Total assets | 11,808,387 | 11,187,536 |
Liabilities Current liabilities Current portion of bonds payable Income taxes payable Accounts payable - other Deposits received Lease obligations Provision for bonuses Asset retirement obligations Other | 200,000 531,564 1,144,394 464,141 83,219 180,663 8,099 655,125 | 200,000 22,578 1,348,120 516,430 88,138 89,555 8,099 524,247 |
Total current liabilities | 3,267,207 | 2,797,168 |
Non-current liabilities Long-term borrowings Bonds payable Lease obligations Retirement benefit liability Asset retirement obligations Other | 86,020 600,000 375,093 392,700 206,711 157,413 | 300,000 500,000 430,991 397,316 231,608 191,148 |
Total non-current liabilities | 1,817,940 | 2,051,064 |
Total liabilities | 5,085,148 | 4,848,233 |
(Thousands of yen) | ||
As of September 30, 2021 | As of December 31, 2021 | |
Net assets Shareholders' equity Share capital Capital surplus Retained earnings Treasury shares | 3,158,703 585,325 3,272,846 (404,293) | 3,158,703 585,325 3,107,830 (584,021) |
Total shareholders' equity | 6,612,582 | 6,267,838 |
Accumulated other comprehensive income Valuation difference on available-for-sale securities | 110,656 | 71,464 |
Total accumulated other comprehensive income | 110,656 | 71,464 |
Total net assets | 6,723,239 | 6,339,303 |
Total liabilities and net assets | 11,808,387 | 11,187,536 |
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen) | ||
Three months ended December 31, 2020 | Three months ended December 31, 2021 | |
Net sales Cost of sales | 2,573,540 736,908 | 2,712,414 609,096 |
Gross profit | 1,836,632 | 2,103,318 |
Selling, general and administrative expenses | 1,621,218 | 1,762,998 |
Operating profit | 215,413 | 340,320 |
Non-operating income Interest and dividend income Gain on forfeiture of unclaimed dividends Guarantee commission received Foreign exchange gains Other | 778 414 2,045 - 402 | 87 446 2,230 3,077 1,551 |
Total non-operating income | 3,641 | 7,393 |
Non-operating expenses Interest expenses Guarantee commission Commission expenses Other | 2,189 375 27,952 1,844 | 2,109 296 32,635 1,750 |
Total non-operating expenses | 32,362 | 36,792 |
Ordinary profit | 186,692 | 310,921 |
Extraordinary losses Loss on retirement of non-current assets Loss on store closings Loss on termination of ESOP trust | 3,224 19,459 - | 1,202 - 10,925 |
Total extraordinary losses | 22,684 | 12,127 |
Profit before income taxes | 164,008 | 298,794 |
Income taxes - current Income taxes - deferred | 34,345 36,780 | 64,624 60,865 |
Total income taxes | 71,126 | 125,489 |
Profit | 92,881 | 173,304 |
Profit attributable to owners of parent | 92,881 | 173,304 |
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Advance Create Co. Ltd. published this content on 11 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 April 2022 07:28:09 UTC.