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 Year Ended March 31, 2021
(Based on Japanese GAAP )
May 14, 2021 | |||||||||||||||||||
Company name: | COPRO-HOLDINGS. Co., Ltd. | ||||||||||||||||||
Stock exchange listing: Tokyo, Nagoya | |||||||||||||||||||
Stock code: | 7059 | URL | https://www.copro-h.co.jp/ | ||||||||||||||||
Representative: | Chief Executive Office | Kosuke Kiyokawa | |||||||||||||||||
Inquiries: | Director of Management Strategy Division | Eiji Kawamura | TEL +81-52-589-3066 | ||||||||||||||||
Scheduled date of ordinary general meeting of shareholders: | June 24, 2021 | ||||||||||||||||||
Scheduled date to file Securities Report: | June 25, 2021 | ||||||||||||||||||
Scheduled date to commence dividend payments: | June 25, 2021 | ||||||||||||||||||
Preparation of supplementary material on financial results: | Yes | ||||||||||||||||||
Holding of financial results meeting: | Yes | ||||||||||||||||||
(Amounts less than one million yen are rounded down) | |||||||||||||||||||
1.Consolidated financial results for the year ended March 31, 2021 (from April 1, 2020 to March 31, 2021) | |||||||||||||||||||
(1) Consolidated operating results | 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 | % | ||||||||||||
Year ended March 31, 2021 | 14,836 | 13.1 | 1,437 | (9.7) | 1,439 | (9.2) | 1,009 | (6.9) | |||||||||||
Year ended March 31, 2020 | 13,122 | 21.3 | 1,592 | 18.4 | 1,585 | 18.6 | 1,084 | 15.5 | |||||||||||
Earnings per share | Diluted earnings per | Profit attributable to | Ordinary profit/total | Operating profit/net | |||||||||||||||
share | owners of | assetss | sales | ||||||||||||||||
parent/equity | |||||||||||||||||||
Yen | Yen | % | % | % | |||||||||||||||
Year ended March 31, 2021 | 106.74 | 104.73 | 17.2 | 17.4 | 9.7 | ||||||||||||||
Year ended March 31, 2020 | 115.08 | 112.76 | 21.3 | 20.4 | 12.1 | ||||||||||||||
(Note) On April 1, 2021, the Company conducted a two-for-one stock split of common stock. Earnings per share and Diluted earnings per share have been calculated as if this stock split had taken place at the beginning of the previous fiscal year.
(2)Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |
Millions of yen | Millions of yen | % | Yen | |
As of March 31, 2021 | 8,514 | 6,272 | 73.7 | 656.54 |
As of March 31, 2020 | 8,030 | 5,487 | 68.3 | 582.09 |
(Note)On April 1, 2021, the Company conducted a two-for-one stock split of common stock. Net assets per share has been calculated as if this stock split had taken place at the beginning of the previous fiscal year.
(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 | |
Millions of yen | Millions of yen | Millions of yen | Millions of yen | |
Year ended March 31, 2021 | 988 | (83) | (417) | 5,283 |
Year ended March 31, 2020 | 1,125 | (144) | (885) | 4,795 |
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2.Cash dividends
Annual dividends per share | Total cash | Dividend payout | Ratio of dividends | |||||
to net assets | ||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | dividends (Total) | ratio (Consolidated) | (Consolidated) | |
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |
Year ended March 31, 2020 | - | 20.00 | - | 40.00 | 60.00 | 282 | 26.1 | 5.6 |
Year ended March 31, 2021 | - | 20.00 | - | 55.00 | 75.00 | 356 | 35.1 | 6.1 |
Year ending March 31, 2022 | - | 10.00 | - | 30.00 | 40.00 | 36.5 | ||
(Forecast) | ||||||||
(Note)On April 1, 2021, the Company conducted a two-for-one stock split of common stock. For the fiscal year ended March 31, 2020 and the fiscal year ended March 31, 2021, the actual amounts of dividends prior to the stock split are presented.
3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022) | |||||||||||||
Percentages indicate year-on-yearchanges | |||||||||||||
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 | |||||
Six months ending | 7,446 | 2.4 | 487 | (8.4) | 486 | (8.9) | 315 | (22.2) | 32.97 | ||||
September 30, 2021 | |||||||||||||
Full year | 16,343 | 10.2 | 1,614 | 12.3 | 1,614 | 12.1 | 1,048 | 3.8 | 109.70 | ||||
(Note)On April 1, 2021, the Company conducted a two-for-one stock split of common stock. Earnings per share has been calculated as if this stock split had taken place at the beginning of the previous fiscal year.
4. Notes
(1) Changes in significant subsidiaries during the year ended March 31, 2021
Yes
(changes in specified subsidiaries resulting in the change in scope of consolidation): New companies: 1 company(Company name) COPRO GLOBALS PTE. LTD.
(2) 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 |
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2021 | 10,000,000 | shares | As of March 31, 2020 | 10,000,000 | shares | |
Number of treasury shares at the end of the period | ||||||
As of March 31, 2021 | 446,334 | shares | As of March 31, 2020 | 572,000 | shares | |
Average number of shares during the period | ||||||
Year ended March 31, 2021 | 9,454,824 | shares | Year ended March 31, 2020 | 9,421,010 | shares |
(Note) On April 1, 2021, the Company conducted a two-for-one stock split of common stock. Total number of issued shares at the end of the period, Number of treasury shares at the end of the period and Average number of shares during the period have been calculated as if this stock split had taken place at the beginning of the previous fiscal year.
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Consolidated financial statements
Consolidated balance sheets
(Thousands of yen) | |||
As of March 31, 2020 | As of March 31, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 4,831,545 | 5,320,538 | |
Accounts receivable - trade | 1,856,412 | 1,880,186 | |
Other | 210,153 | 207,297 | |
Allowance for doubtful accounts | (438) | (435) | |
Total current assets | 6,897,672 | 7,407,586 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 270,645 | 272,809 | |
Construction in progress | 40,665 | 28,270 | |
Other, net | 60,480 | 56,235 | |
Total property, plant and equipment | 371,790 | 357,315 | |
Intangible assets | |||
Leased assets | 28,206 | 7,776 | |
Other | 84,861 | 152,933 | |
Total intangible assets | 113,067 | 160,709 | |
Investments and other assets | |||
Deferred tax assets | 130,309 | 117,660 | |
Other | 517,681 | 471,072 | |
Total investments and other assets | 647,990 | 588,733 | |
Total non-current assets | 1,132,849 | 1,106,757 | |
Total assets | 8,030,522 | 8,514,344 | |
Liabilities | |||
Current liabilities | |||
Current portion of bonds payable | 160,000 | 70,000 | |
Lease obligations | 26,290 | 14,560 | |
Accounts payable - other | 1,145,106 | 1,130,440 | |
Income taxes payable | 310,079 | 158,746 | |
Accrued consumption taxes | 428,522 | 449,936 | |
Provision for bonuses | 120,910 | 52,661 | |
Asset retirement obligations | 7,608 | 28,169 | |
Other | 181,170 | 258,476 | |
Total current liabilities | 2,379,689 | 2,162,989 | |
Non-current liabilities | |||
Bonds payable | 70,000 | - | |
Lease obligations | 16,242 | 4,464 | |
Asset retirement obligations | 76,623 | 74,487 | |
Total non-current liabilities | 162,866 | 78,952 | |
Total liabilities | 2,542,555 | 2,241,942 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 30,000 | 30,000 | |
Capital surplus | 1,172,858 | 1,230,530 | |
Retained earnings | 4,286,538 | 5,012,823 | |
Treasury shares | (1,430) | △1,279 | |
Total shareholders' equity | 5,487,966 | 6,272,073 | |
Accumulated other comprehensive income | |||
Foreign currency translation adjustment | - | 328 | |
Total accumulated other comprehensive income | - | 328 | |
Total net assets | 5,487,966 | 6,272,402 | |
Total liabilities and net assets | 8,030,522 | 8,514,344 |
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Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income
(Thousands of yen) | |||
Fiscal year ended | Fiscal year ended | ||
March 31, 2020 | March 31, 2021 | ||
Net sales | 13,122,871 | 14,836,579 | |
Cost of sales | 8,746,605 | 10,539,032 | |
Gross profit | 4,376,265 | 4,297,547 | |
Selling, general and administrative expenses | 2,783,360 | 2,859,825 | |
Operating profit | 1,592,904 | 1,437,722 | |
Non-operating income | |||
Interest income | 51 | 49 | |
Rental income | 1,140 | 1,140 | |
Settlement received | 265 | 3,762 | |
Other | 69 | 80 | |
Total non-operating income | 1,526 | 5,033 | |
Non-operating expenses | |||
Interest expenses | 2,273 | 841 | |
Loss on redemption of bonds | 3,569 | - | |
Foreign exchange losses | - | 325 | |
Guarantee commission | 2,325 | 903 | |
Depreciation | 750 | 750 | |
Other | 216 | 216 | |
Total non-operating expenses | 9,135 | 3,037 | |
Ordinary profit | 1,585,296 | 1,439,718 | |
Extraordinary income | |||
Surrender value of insurance policies | 17,800 | 90,676 | |
Total extraordinary income | 17,800 | 90,676 | |
Extraordinary losses | |||
Impairment loss | - | 87,150 | |
Loss on retirement of non-current assets | 35,654 | 4,397 | |
Total extraordinary losses | 35,654 | 91,548 | |
Profit before income taxes | 1,567,441 | 1,438,846 | |
Income taxes - current | 509,546 | 417,018 | |
Income taxes - deferred | (26,264) | 12,648 | |
Total income taxes | 483,281 | 429,667 | |
Profit | 1,084,160 | 1,009,179 | |
Profit attributable to owners of parent | 1,084,160 | 1,009,179 |
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Consolidated statements of comprehensive income
(Thousands of yen) | ||
Fiscal year ended | Fiscal year ended | |
March 31, 2020 | March 31, 2021 | |
Profit | 1,084,160 | 1,009,179 |
Other comprehensive income | ||
Foreign currency translation adjustment | - | 328 |
Total other comprehensive income | - | 328 |
Comprehensive income | 1,084,160 | 1,009,507 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of | 1,084,160 | 1,009,507 |
parent | ||
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Copro-Holdings Co. Ltd. published this content on 14 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 15:36:08 UTC.