The 124th Business Term
Annual Securities Report
From January 1, 2021
Fiscal year
To December 31, 2021
DIC Corporation
E00901
ENGLISH TRANSLATION OF JAPANESE-LANGUAGE DOCUMENT
This is a translation of the original Japanese-language document and is provided for convenience only. In all cases, the Japanese-language original shall take precedence.
Table of Contents | |
Page | |
Cover | |
Part 1 Corporate Information ……………………………………………………………………………………………………… | 1 |
I. Overview of the Company …………………………………………………………………………………………………… | 1 |
1. Key Financial Data and Trends ………………………………………………………………………………………… ... | 1 |
2. History ………………………………………………………………………………………………………………… .… | 3 |
3. Description of Business ………………………………………………………………………………………………… ... | 4 |
4. Subsidiaries and Affiliates ………………………………………………………………………………………………… | 6 |
5. Employees ………………………………………………………………………………………………………………… | 9 |
II. Business Overview …………………………………………………………………………………………… .……….…… | 10 |
1. Management Policy, Business Environment, Challenges to be Addressed, etc. …………………………… . …………… | 10 |
2. Business Risks ……………………………………………………………………………………………… . …………… | 13 |
3. Management's Analysis of Financial Position, Operating Results and Cash Flows ……………………………………… | 27 |
4. Material Business Agreements, etc . ...…………………………………………………………………………………… . | 33 |
5. Research and Development Activities …………………………………………………………………………………… . | 34 |
III. Facilities ………………………………………………………………………………………………………… ...………... | 36 |
1. Overview of Capital Expenditures …………………………………………………………………………… ... ………… | 36 |
2. Major Facilities …………………………………………………………………………………………………………… . | 37 |
3. Plans for New Installation and Retirement of Facilities ………………………………………………………………… ... | 39 |
IV. Information on the Company …………………………………………………………………………………… . ………… | 40 |
1. Information on the Company's Shares …………………………………………………………………………………… . | 40 |
(1) Total Number of Shares, etc. …………………………………… .. …………………… ... ……………… ... ………… . | 40 |
(2) Stock Acquisition Rights …………………………………………………………………………………………… ... | 40 |
(3) Exercise of Bonds with Moving Strike Warrants, etc. ……………………………………………………… ...……… | 40 |
(4) Changes in Number of Shares Issued, Capital Stock, etc. ………………………………………………………......... | 41 |
(5) Shareholder Composition …………………………………………………………………………………………… .. | 41 |
(6) Major Shareholders …………………………………………………………………………………………………… | 42 |
(7) Voting Rights ………………………………………………………………………………………………………… . | 44 |
(8) Share Ownership by Directors/Other Officers and Employees …. …………………………………………………… . | 44 |
2. Acquisition, etc., of Treasury Stock …………………………………………………………………………………….... | 46 |
3. Dividend Policy ……………………………………………………… ... ………………………………………………… | 47 |
4. Corporate Governance ………………………………………………… . ………………………………………………… | 48 |
V. Financial Information …………………………………………………… . ………………………………………………… | 79 |
1. Consolidated Financial Statements …………………………………… .. ………………………………………………… | 80 |
(1) Consolidated Financial Statements …………………………………………………………………………………… | 80 |
(2) Other Information …………………………………………………… .. ……………………………………………… | 138 |
VI. Stock-Related Administration for the Company …………………………… ... …………………………………………… | 139 |
VII. Reference Information of the Company ……………………………………… ... ………………………………………… | 140 |
1. Information on the Parent Company ……………………………………………………………………………………… | 140 |
2. Other Reference Information ……………………………………………………………………………… ... …………… | 140 |
Part 2 Information on Guarantors, etc., for the Company ………………………………………………………………………… | 140 |
[Audit Report] | |
(Note) Non-consolidated financial statements are included in the Japanese-language original. |
[Cover]
[Document filed]
[Applicable law]
[Filed with]
[Filing date]
[Fiscal year]
[Company name]
[Company name in English]
[Name and title of chief executive officer]
[Registered address]
[Phone number]
[Contact person]
[Contact address]
[Phone number]
[Contact person]
[Locations where records are available for public inspection]
Annual Securities Report ("Yuka Shoken Hokokusho")
Article 24, paragraph 1 of the Financial Instruments and Exchange Act of Japan
Director, Kanto Local Finance Bureau
March 29, 2022
The 124th Business Term (from January 1, 2021 to December 31, 2021)
DIC Kabushiki-Kaisha
DIC Corporation
Kaoru Ino, Representative Director, President and CEO
35-58, Sakashita 3-chome, Itabashi-ku, Tokyo, Japan +81-3-3966-2111 (main)
Fumito Shirai, Group Manager, General Affairs Group 7-20, Nihonbashi 3-chome, Chuo-ku, Tokyo, Japan Corporate headquarters, DIC Corporation +81-3-6733-3000 (main)
Jun Kaneko, General Manager, Accounting Dept. Corporate headquarters, DIC Corporation
(7-20, Nihonbashi 3-chome, Chuo-ku, Tokyo, Japan) Osaka Branch, DIC Corporation
(5-19, Kyutaro-machi 3-chome, Chuo-ku, Osaka, Japan) Nagoya Branch, DIC Corporation
(7-15, Nishiki 3-chome, Naka-ku, Nagoya, Japan) Tokyo Stock Exchange
(2-1, Nihonbashi Kabuto cho, Chuo-ku, Tokyo, Japan)
Part 1 Corporate Information
I. Overview of the Company
1. Key Financial Data and Trends (1) Consolidated financial data, etc.
Fiscal year | 120th | 121st | 122nd | 123rd | 124th |
Year-end | December 2017 | December 2018 | December 2019 | December 2020 | December 2021 |
Net sales (Millions of yen) | 789,427 | 805,498 | 768,568 | 701,223 | 855,379 |
Ordinary income (Millions of yen) | 56,960 | 48,702 | 41,302 | 36,452 | 43,758 |
Net income attributable to owners of parent (Millions of yen) | 38,603 | 32,028 | 23,500 | 13,233 | 4,365 |
Comprehensive income (Millions of yen) | 50,957 | (3,844) | 28,473 | 20,396 | 40,596 |
Net assets (Millions of yen) | 343,951 | 327,334 | 343,497 | 351,364 | 381,008 |
Total assets (Millions of yen) | 831,756 | 801,296 | 803,083 | 817,950 | 1,071,481 |
Shareholders' equity per share (Yen) | 3,329.60 | 3,158.05 | 3,304.34 | 3,364.92 | 3,654.61 |
Earnings per share (basic) (Yen) | 407.56 | 338.40 | 248.29 | 139.81 | 46.12 |
Earnings per share (diluted) (Yen) | - | - | - | - | - |
Shareholders' equity ratio to total assets (%) | 37.9 | 37.3 | 38.9 | 38.9 | 32.3 |
ROE (return on equity) (%) | 13.0 | 10.4 | 7.7 | 4.2 | 1.3 |
Price-earnings ratio (Times) | 10.5 | 10.0 | 12.2 | 18.6 | 62.8 |
Net cash provided by (used in) operating activities (Millions of yen) | 54,196 | 50,990 | 50,637 | 54,462 | 44,812 |
Net cash provided by (used in) investing activities (Millions of yen) | (58,938) | (38,388) | (24,884) | (33,037) | (147,612) |
Net cash provided by (used in) financing activities (Millions of yen) | 11,375 | (11,781) | (26,799) | 6,338 | 99,549 |
Cash and cash equivalents at end of the period (Millions of yen) | 17,651 | 18,631 | 16,690 | 41,354 | 37,572 |
Number of employees (Persons) | 20,628 | 20,620 | 20,513 | 20,242 | 22,474 |
(Notes)
1. Consumption taxes are not included in Net sales.
2. Diluted earnings per share are not stated because there are no diluted shares.
3. From the fiscal year ended December 31, 2017, the Company introduced the Board Benefit Trust (BBT). The shares held by the trust are recorded under net assets as treasury shares. The number of treasury shares excluded from the number of shares issued as of the consolidated balance sheet date used for the calculation of equity per share includes the number of shares held by the trust. The number of treasury shares excluded from the weighted-average number of shares issued during the fiscal year used for the calculation of earnings per share includes the number of shares held by the trust.
4. The Company has applied "Partial Amendments to Accounting Standard for Tax Effect Accounting" (Accounting Standards Board of Japan (ASBJ) Statement No. 28, issued on February 16, 2018), etc., since the beginning of the fiscal year ended December 31,
2019. The figures as of December 31, 2018, are based on retrospective application.
(2) Non-consolidated financial data, etc., of the Company
Fiscal year | 120th | 121st | 122nd | 123rd | 124th |
Year end | December 2017 | December 2018 | December 2019 | December 2020 | December 2021 |
Net sales (Millions of yen) | 232,045 | 235,394 | 219,849 | 195,403 | 231,550 |
Ordinary income (Millions of yen) | 30,385 | 21,294 | 12,660 | 7,093 | 23,966 |
Net income (Millions of yen) | 26,332 | 20,616 | 17,663 | 6,930 | 29,811 |
Capital stock (Millions of yen) | 96,557 | 96,557 | 96,557 | 96,557 | 96,557 |
Number of shares issued (common stock) (Thousands of shares) | 95,157 | 95,157 | 95,157 | 95,157 | 95,157 |
Net assets (Millions of yen) | 283,596 | 290,834 | 297,940 | 300,089 | 319,291 |
Total assets (Millions of yen) | 687,728 | 675,856 | 688,683 | 691,051 | 829,904 |
Shareholders' equity per share (Yen) | 2,996.43 | 3,072.86 | 3,147.97 | 3,170.49 | 3,373.21 |
Cash dividends per share [Interim dividend per share] (Yen) | 120.00 [60.00] | 125.00 [60.00] | 100.00 [60.00] | 100.00 [50.00] | 100.00 [50.00] |
Earnings per share (basic) (Yen) | 278.01 | 217.82 | 186.62 | 73.22 | 314.94 |
Earnings per share (diluted) (Yen) | - | - | - | - | - |
Shareholders' equity ratio to total assets (%) | 41.2 | 43.0 | 43.3 | 43.4 | 38.5 |
ROE (%) | 9.6 | 7.2 | 6.0 | 2.3 | 9.6 |
Price-earnings ratio (Times) | 15.3 | 15.5 | 16.3 | 35.6 | 9.2 |
Dividend payout ratio (%) | 43.2 | 57.4 | 53.6 | 136.6 | 31.8 |
Number of employees (Persons) | 3,503 | 3,538 | 3,593 | 3,662 | 3,681 |
Total shareholder return [Comparison index: TOPIX including dividends] (%) (%) | 123.4 [122.2] | 101.8 [102.7] | 95.2 [121.3] | 85.9 [130.3] | 96.9 [146.9] |
Highest stock price (Yen) | 4,415 | 4,525 | 3,635 | 3,130 | 3,380 |
Lowest stock price (Yen) | 3,300 | 3,150 | 2,534 | 1,833 | 2,492 |
(Notes)
1. Consumption taxes are not included in Net sales.
2. Diluted earnings per share is not stated because there are no diluted shares.
3. From the fiscal year ended December 31, 2017, the Company introduced the Board Benefit Trust (BBT). The shares held by the trust are recorded under net assets as treasury shares. The number of treasury shares excluded from the number of shares issued as of the balance sheet date used for the calculation of equity per share includes the number of shares held by the trust. The number of treasury shares excluded from the weighted-average number of shares issued during the fiscal year used for the calculation of earnings per share includes the number of shares held by the trust.
4. The Company has applied "Partial Amendments to Accounting Standard for Tax Effect Accounting" (Accounting Standards Board of Japan (ASBJ) Statement No. 28, issued on February 16, 2018), etc., since the beginning of the fiscal year ended December 31, 2019. The figures as of December 31, 2018, are based on retrospective application.
5. The highest and lowest stock prices refer to those of the First Section of the Tokyo Stock Exchange.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
DIC Corporation published this content on 22 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2022 08:24:02 UTC.