Disclaimer: This document is an English translation of the original document in Japanese and has been prepared solely for reference purposes. In the event of any discrepancy between this English translation and the original in Japanese, the original shall prevail in all respects.
Consolidated Financial Results
for the Fiscal Year Ended May 31, 2022
[Japanese GAAP]
July 14, 2022
Company name: Bewith, Inc.
Stock exchange listing: Tokyo Stock Exchange
Securities code: 9216
URL: https://www.bewith.net/
Representative: Koichi Morimoto, President and CEO
Contact: Kenji Ijima, Executive Vice President and Member of the Board
Phone: +81-3-6631-6005
Scheduled date of general shareholders' meeting: August 25, 2022
Scheduled date of commencing dividend payments: August 10, 2022
Scheduled date of filing securities report: August 26, 2022
Availability of supplementary explanatory materials on annual financial results: Available
Schedule of annual financial results briefing session: Scheduled (for analysts and institutional investors)
(Amounts of less than one million yen are rounded down.) | |||||||||
1. Consolidated Financial Results for the Fiscal Year Ended May 31, 2022 (June 1, 2021 - May 31, 2022) | |||||||||
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | ||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||
owners of parent | |||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |
May 31, 2022 | 32,405 | 12.3 | 2,565 | 20.3 | 2,591 | 19.6 | 1,776 | 7.3 | |
May 31, 2021 | 28,845 | 15.8 | 2,131 | 54.3 | 2,167 | 49.5 | 1,655 | 78.4 |
(Note) Comprehensive income: Fiscal year ended May 31, 2022: ¥1,776 million [6.9%] | ||||||
Fiscal year ended May 31, 2021: ¥1,662 million [78.2%] | ||||||
Basic earnings | Diluted | Return on | Ratio of | Ratio of | ||
earnings | ordinary profit | operating profit | ||||
per share | equity | |||||
per share | to total assets | to net sales | ||||
Fiscal year ended | Yen | Yen | % | % | % | |
May 31, 2022 | 136.40 | 133.74 | 32.9 | 27.3 | 7.9 | |
May 31, 2021 | 129.33 | - | 45.8 | 27.2 | 7.4 | |
(Reference) Equity in | earnings of affiliated | companies: | Fiscal year ended May 31, 2022: ¥- million | |||
Fiscal year ended May 31, 2021: ¥- million |
(Notes) 1. The Company carried out a 10-for-1 stock split for its common share on April 13, 2021, and a 200-for- 1 stock split for its common share on October 22, 2021. The basic earnings per share and diluted earnings per share are calculated on the assumption that these stock splits were conducted at the beginning of the fiscal year ended May 31, 2021.
- Although there are dilutive shares, diluted earnings per share for the fiscal year ended May 31, 2021 are not indicated as the Company's shares were not listed and the average share price during the period could not be determined.
- As the Company listed its shares on the first section of the Tokyo Stock Exchange (Prime Market of the Tokyo Stock Exchange as of the date of submission) on March 2, 2022, diluted earnings per share for the fiscal year ended May 31, 2022 are calculated by deeming the average share price from the date of the new listing to May 31, 2022 as the average share price during the period.
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | |||||||||||||||||||||
Million yen | Million yen | % | Yen | |||||||||||||||||||||
As of May 31, 2022 | 10,490 | 6,605 | 62.9 | 481.82 | ||||||||||||||||||||
As of May 31, 2021 | 8,487 | 4,214 | 49.6 | 328.85 | ||||||||||||||||||||
(Reference) Equity: As of | May 31, 2022: ¥6,600 | million | ||||||||||||||||||||||
As of May 31, 2021: ¥4,209 million | ||||||||||||||||||||||||
(Note) | The Company carried out a 10-for-1 stock split for its common share on April 13, 2021, and a 200-for-1 | |||||||||||||||||||||||
stock split for its common share on October 22, 2021. The net assets per share are calculated on the | ||||||||||||||||||||||||
assumption that these stock splits were conducted at the beginning of the fiscal year ended May 31, 2021. | ||||||||||||||||||||||||
(3) Consolidated Cash Flows | ||||||||||||||||||||||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash | |||||||||||||||||||||
equivalents | ||||||||||||||||||||||||
operating activities | investing activities | financing activities | ||||||||||||||||||||||
at end of period | ||||||||||||||||||||||||
Fiscal year ended | Million yen | Million yen | Million yen | Million yen | ||||||||||||||||||||
May 31, 2022 | 1,586 | (366) | 580 | 4,429 | ||||||||||||||||||||
May 31, 2021 | 1,476 | (302) | (713) | 2,628 | ||||||||||||||||||||
2. Dividends | ||||||||||||||||||||||||
Annual dividends | Total | Ratio of | ||||||||||||||||||||||
Payout ratio | dividends to | |||||||||||||||||||||||
1st | 2nd | 3rd | Year-end | Total | dividends | |||||||||||||||||||
quarter- | quarter- | quarter- | (annual) | (consolidated) | net assets | |||||||||||||||||||
end | end | end | (consolidated) | |||||||||||||||||||||
Fiscal year ended | Yen | Yen | Yen | Yen | Yen | Million yen | % | % | ||||||||||||||||
- | 0.00 | - | 8,900.00 | 8,900.00 | 569 | 34.4 | 15.8 | |||||||||||||||||
May 31, 2021 | ||||||||||||||||||||||||
Fiscal year ended | - | 0.00 | - | 47.00 | 47.00 | 643 | 34.5 | 11.6 | ||||||||||||||||
May 31, 2022 | ||||||||||||||||||||||||
Fiscal year ending | ||||||||||||||||||||||||
May 31, 2023 | - | 0.00 | - | 49.00 | 49.00 | 34.4 | ||||||||||||||||||
(Forecast) | ||||||||||||||||||||||||
(Note) | The Company carried out a 200-for-1 stock split for its common share on October 22, 2021. The figures | |||||||||||||||||||||||
for fiscal year ended May 31, 2021 are the actual amounts of dividends before the said stock split. The | ||||||||||||||||||||||||
amount of dividend after taking into account the said stock split is ¥44.50. |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending May 31, 2023 (June 1, 2022 - May 31, 2023)
(% indicates changes from the previous corresponding period.) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable | Basic earnings | |||||
to owners of parent | per share | ||||||||
First half | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen |
17,400 | 10.2 | 1,090 | (14.9) | 1,090 | (16.1) | 750 | (11.7) | 54.75 | |
Full year | 36,200 | 11.7 | 2,840 | 10.7 | 2,840 | 9.6 | 1,950 | 9.7 | 142.34 |
* Notes:
- Changes in significant subsidiaries during the period under review: None (Changes in specified subsidiaries resulting in changes in scope of consolidation):
Newly included: - ( | ), Excluded: - ( | ) |
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards and other regulations: Yes
- Changes in accounting policies other than 1) above: None
- Changes in accounting estimates: None
- Retrospective restatement: None
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
As of May 31, 2022: | 13,700,000 shares |
As of May 31, 2021: | 12,800,000 shares |
2) Total number of treasury shares at the end of the period: | |
As of May 31, 2022: | - shares |
As of May 31, 2021: | - shares |
3) Average number of shares outstanding during the period: | |
Fiscal year ended May 31, 2022: | 13,026,849 shares |
Fiscal year ended May 31, 2021: | 12,800,000 shares |
(Note) The Company carried out a 10-for-1 stock split for its common share on April 13, 2021, and a 200-for-1 stock split for its common share on October 22, 2021. The total number of issued shares is calculated on the assumption that these stock splits were conducted at the beginning of the fiscal year ended May 31, 2021.
(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended May 31, 2022 (June 1, 2021 - May 31, 2022)
(1) Non-consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit | |||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||
May 31, 2022 | 32,376 | 12.4 | 2,484 | 19.7 | 2,534 | 19.9 | 1,748 | 7.3 | ||
May 31, 2021 | 28,811 | 15.8 | 2,076 | 52.4 | 2,113 | 47.8 | 1,630 | 76.7 | ||
Basic earnings | Diluted earnings | |||||||||
per share | per share | |||||||||
Fiscal year ended | Yen | Yen | ||||||||
May 31, 2022 | 134.21 | 131.59 | ||||||||
May 31, 2021 | 127.34 | - |
(Notes) 1. The Company carried out a 10-for-1 stock split for its common share on April 13, 2021, and a 200-for- 1 stock split for its common share on October 22, 2021. The basic earnings per share and diluted earnings per share are calculated on the assumption that these stock splits were conducted at the beginning of the fiscal year ended May 31, 2021.
- Diluted earnings per share are not indicated for the fiscal year ended May 31, 2021 as the Company's shares were not listed at the time and thus the average share price during the period could not be determined, although there were dilutive shares.
- As the Company listed its shares on the first section of the Tokyo Stock Exchange (Prime Market of the Tokyo Stock Exchange as of the date of submission) on March 2, 2022, diluted earnings per share for the fiscal year ended May 31, 2022 are calculated by deeming the average share price from the date of the new listing to May 31, 2022 as the average share price during the period.
- Non-consolidatedFinancial Position
Total assets | Net assets | Equity ratio | Net assets per share | |
Million yen | Million yen | % | Yen | |
As of May 31, 2022 | 10,382 | 6,544 | 63.0 | 477.32 |
As of May 31, 2021 | 8,441 | 4,180 | 49.5 | 326.26 |
(Reference) Equity: As of May 31, 2022: ¥6,539 million As of May 31, 2021: ¥4,176 million
(Note) The Company carried out a 10-for-1 stock split for its common share on April 13, 2021, and a 200-for-1 stock split for its common share on October 22, 2021. The net assets per share are calculated on the assumption that these stock splits were conducted at the beginning of the fiscal year ended May 31, 2021.
- These consolidated financial results are outside the scope of audit by certified public accountants or an audit firm.
-
Explanation of the proper use of financial results forecast and other notes
The forward-looking statements contained in this document, including financial results forecasts, are based on the information currently available to the Company and certain assumptions considered reasonable. Actual financial results, etc. may differ significantly from them due to wide-ranging factors. For the assumptions that form the basis for financial results forecasts, etc., please refer to "Future Outlook" on page 4 of the Attachments.
(How to obtain supplementary explanatory materials on annual financial results)
Supplementary explanatory materials on annual financial results will be disclosed on TDnet on the same day, as well as on the Company's website. We also plan to hold an annual financial results briefing session (for analysts and institutional investors) on Wednesday, July 20, 2022.
Table of Contents - Attachments | ||
1. Overview of Operating Results, etc. .................................................................................................... 2 | ||
(1) | Overview of Operating Results for the Fiscal Year under Review | .................................................. 2 |
(2) | Overview of Financial Position for the Fiscal Year under Review | ................................................. 3 |
(3) | Overview of Cash Flows for the Fiscal Year under Review ............................................................ | 3 |
(4) | Future Outlook ................................................................................................................................ | 4 |
2. Basic Policy on Selection of Accounting Standards ............................................................................ | 5 | |
3. Consolidated Financial Statements and Principal Notes ..................................................................... | 6 | |
(1) | Consolidated Balance Sheets .......................................................................................................... | 6 |
(2) | Consolidated Statements of Income and Comprehensive Income .................................................. | 8 |
(3) | Consolidated Statements of Changes in Equity ............................................................................ | 10 |
(4) | Consolidated Statements of Cash Flows ....................................................................................... | 12 |
(5) | Notes to Consolidated Financial Statements ................................................................................. | 13 |
(Notes on going concern assumption) ...................................................................................... | 13 | |
(Changes in accounting policies) .............................................................................................. | 13 | |
(Segment information, etc.) ...................................................................................................... | 13 | |
(Per share information) ............................................................................................................. | 14 | |
(Significant subsequent events) ................................................................................................ | 15 |
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Bewith Inc. published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 02:23:01 UTC.