October 28, 2021
Company name: | Chuo Spring Co., Ltd | |
Listing: | 1st Section of the Tokyo Stock Exchange, 1st Section of the Nagoya Stock Exchange | |
Securities code: | 5992 | URL:https://www.chkk.co.jp/ |
Representative: | Satoshi Takae, President | |
Inquiries: | Fumiki Yazawa, Officer | TEL:+81-(0)52-624-8550 |
Scheduled date to file quarterly securities report: | November 12, 2021 | |
Scheduled date to commence dividend payments: | November 26, 2021 | |
Preparation of supplementary | material on quarterly financial results: | None |
Holding of quarterly financial | results briefing: | None |
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated financial results for the Six months ended September 30, 2021 (from April 1, 2021 to September 30, 2021)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-on-year changes.) | |||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||
owners of parent | ||||||||||||
Six months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||
September 30, 2021 | 38,280 | 21.5 | 204 | - | 621 | - | 193 | - | ||||
September 30, 2020 | 31,518 | (25.1) | (845) | - | (462) | - | (573) | - | ||||
(Note): Comprehensive income
For the Six months ended September 30, 2021: | 2,074 million of yen | [231.8%] |
For the Six months ended September 30, 2020: | 625 million of yen | [(56.5%)] |
Basic earnings | Diluted earnings | |
pre share | per share | |
Six months ended | Yen | Yen |
September 30, 2021 | 7.78 | - |
September 30, 2020 | (22.97) | - |
(Note): Company implemented a four-for-one common stock split, as of April 1, 2021.
Basic earnings per share have been calculated as if this stock split had been implemented at the beginning of FY2020.
(2) Consolidated financial position
Total assets | Net assets | Equity-to-assets ratio | |
As of | Millions of yen | Millions of yen | % |
September 30, 2021 | 94,603 | 66,127 | 65.7 |
March 31, 2021 | 94,045 | 64,514 | 64.4 |
(Reference): Equity
As of September 30, 2021: 62,144million of yen As of March 31, 2021: 60,548million of yen
2. Cash dividends
Annual dividens per share | ||||||
First quarter-end | Second quarter-end | Third quareter-end | Fisical year-end | Total | ||
Yen | Yen | Yen | Yen | Yen | ||
Fisical year ended | - | 50.00 | - | 50.00 | 100.00 | |
March 31, 2021 | ||||||
Fisical year ending | - | 16.00 | ||||
March 31, 2022 | ||||||
Fisical year ending | ||||||
March 31, 2022 | - | 16.00 | 32.00 | |||
(forecast) |
(Note): 1. Revisions to the forecast of cash dividends most recently announced: None
2. Company implemented a four-for-one common stock split, as of April 1, 2021.
For the year ended March 31, 2021, the actual amount of dividends prior to the stock split is stated. Cash dividends for the year ending March 31, 2022 (forecast) are stated in consideration
of the effect of the stock split. The dividend per share for the fiscal year ending March 31, 2022 (forecast) , without taking into account the stock split, will be 64 yen at both the end of the second quarter
and the end of the fiscal year, for an annual dividend of 128 yen.
3. Forecast of Consolidated Results for FY2021(April 1, 2021 to March 31, 2022)
(%: Changes from corresponding period of the previous fiscal year)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | ||||||
owners of parent | pre share | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||
Full year | 80,500 | 7.8 | 1,700 | 34.8 | 2,050 | (9.2) | 1,200 | (3.9) | 48.15 | |
(Note): Changes from the latest announced forecast: Yes
*Notes
-
Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
Newly included: None
Excluded :None - Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements : Yes
-
Changes in accounting policies, changes in accounting estimates, and restatement
(i) Changes in accounting policies due to revisions to accounting standards and other regulations : Yes
- 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 September 30, 2021 | 25,542,396 Shares |
As of March 31, 2021 | 25,542,396 Shares |
(ii) Number of treasury shares at the end of the period
As of September 30, 2021 | 622,858 Shares |
As of March 31, 2021 | 622,376 Shares |
- Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2021 | 24,919,748 Shares | |
Six months ended September 30, 2020 | 24,985,220 Shares | |
Note: | Company implemented a four-for-one common stock split, April 1, 2021. | |
"Total number of issued shares at the end of the period", | ||
"Number of the treasury shares at the end of | the period" and |
"Average number of shares outstanding during the period" have been calculated as if this stock split had taken place at the beginning of the previous fiscal year.
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
-
Cautionary statement regarding forecast of operating results and special notes The forward-looking statements contained in this report are based on information currently available to management. As such, these estimates are subject to uncertainties.
In addition actual results may differ materially from those discussed in the forward-looking statements due to in changes in the economy, markets, stock prices and exchange rates.
References of Financial Results for 2Q of FY2021 | October 28, 2021 | |
(from April 1 to September 30, 2021) | Chuo Spring Co., Ltd. | |
Securities code:5992 | ||
1st Section of the Tokyo Stock Exchange, | ||
1st Section of the Nagoya Stock Exchange | ||
(Amounts are rounded down to the nearest 100 million yen)
1.Consolidated Financial Results
(100 million yen) | 〔Net Sales・Operating profit〕Foreign Exchange Rate | |||
('21/4~'21/9) | 110.10円/$ | Difference +3.78 | ||
('20/4~'20/9) | 106.32円/$ | (weakening) | ||
〔Non-operating income〕 | ||||
Net sales | ||||
End of period valuation of credits and debts(End of period) | ||||
('21/3) 110.71 → ('21/9) 111.92円/$ Difference +1.21(weakening)
382 | ('20/3) 108.83 → ('20/9) 105.80円/$ Difference -3.03(strengthening) | ||||||
315 | +67 | ||||||
(+21.5%) | Ordinary | ||||||
profit | Profit attributable | ||||||
Operating | 6 | to owners of | |||||
parent | |||||||
profit | (1.6%) | ||||||
2 | 1 | ||||||
(0.5%) | (0.5%) | ||||||
0 | |||||||
+10 | +7 | ||||||
+10 | |||||||
-4 | -5 | ||||||
-8 | |||||||
FY2020 | FY2021 | FY2020 | FY2021 | FY2020 | FY2021 | FY2020 | FY2021 |
2Q | 2Q | 2Q | 2Q | 2Q | 2Q | 2Q | 2Q |
2.Net sales breakdown by products | 3.Factors of profit change(Year-on-year) | |||||||||||
(100 | million yen) | (1)Operating profit or loss | (100 million yen) | |||||||||
140 | 138 | |||||||||||
FY2020 2Q | FY2021 2Q | |||||||||||
112 | 110 | |||||||||||
120 | ||||||||||||
10087
80 | 68 | ||||||||||||
60 | 55 | 49 | 55 | ||||||||||
40 | 10 | 10 | |||||||||||
20 | |||||||||||||
0 | |||||||||||||
Chassis | Precision | Cables | Housing- | Car |
Springs | Springs | related | accessories・ | |
products | Chains etc. | |||
(2)Ordinary profit or loss | (3)Profit or loss attributable to owners of parent |
(100 million yen) | (100 million yen) |
- References1 -
(Amounts are rounded down to the nearest 100 million yen)
4.Change of Financial Reults (1)Net sales
(100 million yen) (2)Operating profit
(100 million yen) | (%) | ||||||||
1,000 | 40 | ||||||||
836 | 830 | 833 | 746 | 805 | 33 | ||||
800 | 30 | ||||||||
26 | |||||||||
600 | 22 | 17 | |||||||
20 | |||||||||
400 | 4.0% | 12 | |||||||
3.2% | |||||||||
200 | 382 | 10 | 2.7% | ||||||
2.1% | |||||||||
1.7% | |||||||||
0 | 0 | 2 | |||||||
FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 |
(Projcted) | (Projcted) |
(3)Ordinary profit
(100 million yen) | (%) | ||
40 | |||
33 |
30 | 27 | 29 | ||
22 | 20 | |||
20 | ||||
4.0% | 3.4% | 3.6% | ||
10 | 3.0% | |||
2.5% | ||||
6 | ||||
0 | ||||
FY2017 | FY2018 | FY2019 | FY2020 | FY2021 |
(Projcted) |
5.Capital investment and depreciation(100 million yen)
40 | 38 | 36 | |||||
33 | 33 | 32 | 32 | 32 | 34 | 34 | |
30 | 29 | ||||||
20 | |||||||
10 | |||||||
0 | |||||||
Inv.Depr. | Inv.Depr. | Inv.Depr. | Inv.Depr. | Inv.Depr. | |||
FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | |||
(Projcted) |
(4)Profit attributable to owners of parent
(100 million yen) | (%) | ||
40 | |||
30 | ||||
20 | ||||
20 | 17 | |||
16 | ||||
12 | 12 | |||
10 | 2.5% | |||
2.2% | 2.0% | 1.7% | 1.5% | |
1 | ||||
0 | ||||
FY2017 FY2018 FY2019 FY2020 FY2021 (Projcted)
6.Resarch and development expenditure
(100 million yen) | (%) | ||
40 | 8.0% | ||
30 | 6.0% |
20 | 4.0% | |||||
Sales ratio | 13 | 12 | 13 | |||
13 | ||||||
11 | ||||||
10 | 1.6% | |||||
2.0% | ||||||
1.4% | 1.6% | 1.6% | 1.6% | 6 | ||
0 | ||||||
0.0% | ||||||
FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | ||
(Projcted) |
7.Financial Results Breakdown by Quarter
(1)Net sales breakdown by quarter(100 million yen) | (2)Operating profit or loss breakdown by quarter |
300 | (100 million yen) | (%) | |||||||
15 | |||||||||
FY2020 | FY2021 | ||||||||
203 | 221 | 210 | 10 | ||||||
187 179 | 5.4% | ||||||||
200 | 5 | 2.1% | 3.8% | ||||||
1.7% | |||||||||
12 | 8 | ||||||||
127 | 3 | 4 -1 | |||||||
0 | |||||||||
100 | 1Q | 2Q | 3Q | 4Q | |||||
-5 | -13 | -0.6% | |||||||
-10 | -10.2% | FY2020 | FY2021 | ||||||
0 | FY2020 | FY2021 | |||||||
-15 | |||||||||
1Q | 2Q | 3Q | 4Q | ||||||
- References2 -
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Chuo Spring Co. Ltd. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 07:02:12 UTC.