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 Nine Months Ended May 31, 2021 | ||||
(Based on Japanese GAAP) | ||||
July 15, 2021 | ||||
Company name: | AVANTIA CO.,LTD. | |||
Stock exchange listing: Tokyo, Nagoya | ||||
Stock code: | 8904 | URL https://avantia-g.co.jp/ | ||
Representative: | Representative Director | Yasunari Sawada | ||
President | ||||
Inquiries: | Senior Managing Director | Takuya Miyazaki | TEL 052-859-0034 | |
Scheduled date to file Quarterly Securities Report: | July 15, 2021 | |||
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 nine months ended May 31, 2021 (from September 1, 2020 to May 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 | |||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||||
Nine months ended May 31, 2021 | 26,233 | 7.0 | 218 | - | 332 | 197.7 | 186 | 390.3 | |||||||||
Nine months ended May 31, 2020 | 24,518 | 2.6 | (74) | - | 111 | (70.6) | 38 | (87.4) | |||||||||
Earnings per share | Diluted earnings per share | ||||||||||||||||
Yen | Yen | ||||||||||||||||
Nine months ended May 31, 2021 | 13.13 | - | |||||||||||||||
Nine months ended May 31, 2020 | 2.61 | - | |||||||||||||||
(2) Consolidated financial position | |||||||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||||||
Millions of yen | Millions of yen | % | |||||||||||||||
As of May 31, 2021 | 52,995 | 24,430 | 46.1 | ||||||||||||||
As of August 31, 2020 | 44,655 | 24,726 | 55.4 | ||||||||||||||
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 August 31, 2020 | - | 19.00 | - | 19.00 | 38.00 | ||||||||||||
Year ending August 31, 2021 | - | 19.00 | - | ||||||||||||||
Year ending August 31, 2021 (Forecast) | 19.00 | 38.00 |
3. Forecast of consolidated financial results for the year ending August 31, 2021 (from September 1, 2020 to August 31, 2021)
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 | 45,000 | 10.8 | 1,400 | 20.8 | 1,600 | 20.2 | 1,000 | 16.0 | 70.30 |
1
4. Notes
- Changes in significant subsidiaries during the nine months ended May 31, 2021 (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 May 31, 2021 | 14,884,300 | shares | As of August 31, 2020 | 14,884,300 | shares | |
Number of treasury shares at the end of the period | ||||||
As of May 31, 2021 | 649,155 | shares | As of August 31, 2020 | 679,055 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Nine months ended May 31, 2021 | 14,222,550 | shares | Nine months ended May 31, 2020 | 14,576,809 | shares |
2
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen) | |||
As of August 31, 2020 | As of May 31, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 14,141,167 | 10,106,996 | |
Notes receivable, accounts receivable from completed | 2,036,136 | 850,757 | |
construction contracts and other | |||
Real estate for sale | 8,045,535 | 6,600,532 | |
Costs on development business and other | 13,612,366 | 23,332,005 | |
Costs on construction contracts in progress | 1,780,559 | 4,055,470 | |
Raw materials and supplies | 13,690 | 20,178 | |
Other | 660,822 | 573,642 | |
Allowance for doubtful accounts | (1,310) | (551) | |
Total current assets | 40,288,968 | 45,539,033 | |
Non-current assets | |||
Property, plant and equipment | 2,832,496 | 5,342,045 | |
Intangible assets | 191,492 | 692,758 | |
Investments and other assets | |||
Investment securities | 627,957 | 576,339 | |
Other | 715,763 | 845,690 | |
Allowance for doubtful accounts | (955) | - | |
Total investments and other assets | 1,342,764 | 1,422,029 | |
Total non-current assets | 4,366,753 | 7,456,833 | |
Total assets | 44,655,721 | 52,995,866 | |
Liabilities | |||
Current liabilities | |||
Notes payable, accounts payable for construction contracts | 3,422,802 | 1,619,553 | |
and other | |||
Short-term borrowings | 7,878,950 | 12,613,886 | |
Current portion of long-term borrowings | 342,090 | 1,128,324 | |
Current portion of bonds payable | - | 50,000 | |
Income taxes payable | 520,007 | 22,430 | |
Advances received on construction contracts in progress | 485,534 | 3,728,819 | |
Provision for bonuses | 133,625 | 195,498 | |
Provision for warranties for completed construction | 17,841 | 15,997 | |
Other | 1,120,569 | 942,346 | |
Total current liabilities | 13,921,420 | 20,316,857 | |
Non-current liabilities | |||
Bonds payable | - | 80,000 | |
Long-term borrowings | 5,276,987 | 7,414,937 | |
Retirement benefit liability | 250,379 | 254,876 | |
Other | 480,740 | 498,737 | |
Total non-current liabilities | 6,008,106 | 8,248,551 | |
Total liabilities | 19,929,527 | 28,565,408 |
3
(Thousands of yen) | |||
As of August 31, 2020 | As of May 31, 2021 | ||
Net assets | |||
Shareholders' equity | |||
Share capital | 3,732,673 | 3,732,673 | |
Capital surplus | 2,982,029 | 2,980,013 | |
Retained earnings | 18,590,865 | 18,237,249 | |
Treasury shares | (629,792) | (602,061) | |
Total shareholders' equity | 24,675,776 | 24,347,874 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 50,417 | 82,583 | |
Total accumulated other comprehensive income | 50,417 | 82,583 | |
Total net assets | 24,726,194 | 24,430,458 | |
Total liabilities and net assets | 44,655,721 | 52,995,866 |
4
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen) | |||
Nine months ended | Nine months ended | ||
May 31, 2020 | May 31, 2021 | ||
Net sales | 24,518,256 | 26,233,914 | |
Cost of sales | 20,993,056 | 22,250,538 | |
Gross profit | 3,525,199 | 3,983,375 | |
Selling, general and administrative expenses | 3,599,306 | 3,765,270 | |
Operating profit (loss) | (74,106) | 218,104 | |
Non-operating income | |||
Interest income | 2,578 | 1,021 | |
Dividend income | 2,895 | 2,913 | |
Administrative service fee income | 28,484 | 32,607 | |
RefundedRealEstateAcquisitionTax | 73,927 | 87,729 | |
Other | 154,088 | 69,048 | |
Total non-operating income | 261,974 | 193,319 | |
Non-operating expenses | |||
Interest expenses | 64,324 | 58,897 | |
Other | 11,990 | 20,454 | |
Total non-operating expenses | 76,314 | 79,351 | |
Ordinary profit | 111,553 | 332,071 | |
Extraordinary income | |||
Gain on sales of non-current assets | 32,742 | 6,524 | |
Gain on reversal of asset retirement obligations | - | 2,083 | |
Total extraordinary income | 32,742 | 8,607 | |
Extraordinary losses | |||
Loss on sales of non-current assets | 10 | - | |
Loss on retirement of non-current assets | 11,190 | 25,812 | |
Total extraordinary losses | 11,201 | 25,812 | |
Profit before income taxes | 133,094 | 314,867 | |
Income taxes | 95,006 | 128,116 | |
Profit | 38,088 | 186,751 | |
Profit attributable to owners of parent | 38,088 | 186,751 |
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Sanyo Housing Nagoya Co. Ltd. published this content on 15 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2021 09:02:09 UTC.