Elematec : Financial Results for the Second Quarter of the Fiscal Year 2024
October 27, 2023 at 09:29 am
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(% change from the previous corresponding period)
Financial Results for the Second Quarter of the Fiscal Year 2024 [Japan GAAP] (Consolidated)
October 27, 2023
C o m p a n y
Elematec Corporation
The Prime Market of the Tokyo Stock Exchange
S t o c k C o d e
2715
URL: http://www.elematec.com
Representative
Akira Yokode, Chief Executive Officer and Chairman of the Board
C o n t a c t
Masahiro Fukami, Managing Director,Director of corporate Division
T E L: +81-(0)3-3454-3526
Expected date of filing of quarterly report: October 27, 2023 Expected starting date of dividend payment: December 4,2023
Preparation of quarterly supplementary financial document (Japanese): Yes
Quarterly results briefing: Yes
(Rounded down to million yen)
1. Results of operations for the second quarter of the fiscal year ending March 2024
(April 1, 2023 through September 30, 2023)
(1) Consolidated results of operations (cumulative)
Net income attributable
Net sales
Operating income
Ordinary income
to
owners of parent
Million yen
%
Million yen
%
Million yen
%
Million yen
%
FY 2024 2nd Quarter
102,135
△17.1
4,556
△31.3
4,203
△31.3
3,060
△26.5
FY 2023 2nd Quarter
123,167
34.4
6,628
90.4
6,122
79.6
4,164
73.7
(Note) Comprehensive income:
FY2024 2nd Quarter: 4,554 million yen (△20.8%)
FY2023 2nd Quarter: 5,747 million yen (133.7%)
Net income
Diluted net income per
per share
share
Yen
Yen
FY 2024 2nd Quarter
74.75
-
FY 2023 2nd Quarter
101.71
-
(2) Consolidated financial position
Total assets
Net assets
Shareholders' equity
Net assets per
ratio
share
Million yen
Million yen
%
Yen
FY 2024 2nd Quarter
121,876
68,125
55.9
1,663.78
FY 2023
113,913
65,577
57.6
1,601.56
(Reference) Shareholders' equity
FY2024 2nd Quarter: 68,125 million yen
FY ended March 2023: 65,577 million yen
2. Dividends
Annual dividend
End of 1Q
End of 2Q
End of 3Q
Year-end
Total
Yen
Yen
Yen
Yen
Yen
FY 2023
-
27.00
-
49.00
76.00
FY 2024
-
40.00
FY 2024 (forecast)
-
45.00
85.00
(Note) Revisions to recent dividend forecast: Yes
3. Consolidated forecast for the Fiscal Year 2024 (April 1, 2023 through March 31, 2024)
(% change from the previous corresponding period)
Net sales
Operating income
Ordinary income
Net income attributable
Net income
to owners of parent
per share
Million yen
%
Million yen
%
Million yen
%
Million yen
%
Yen
FY 2024
207,000
△13.7
9,000
△25.3
8,400
△24.5
6,000
△22.0
146.53
(Note) Revisions to business forecast for the current quarter: Yes
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※Notes
Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes in the scope of consolidation): None
Application of accounting procedures specific to preparation of the consolidated quarterly financial statements:
Yes
(3) Changes in accounting policies, accounting estimates and restatement ① Changes in accounting policies associated with revision of accounting standards ②Changes in accounting policies other than ①
③Changes in accounting estimates
④Restatement
Yes
None
None
None
(4) Shares outstanding (common stock)
Number of shares outstanding at the end of period (treasury stock included)
FY 2024 2nd Quarter:
42,304,946 shares
FY 2023:
42,304,946 shares
Treasury stock at the end of period
FY 2024 2nd Quarter:
1,358,737 shares
FY 2023:
1,358,737 shares
Average number of stock during period (quarterly consolidated cumulative period)
FY 2024 2nd Quarter:
40,946,209 shares
FY 2023 2nd Quarter:
40,946,209 shares
*Quarterly financial summary is not subject to the quarterly review procedures by a certified public accountant or an audit corporation.
*Explanation regarding appropriate use of business forecasts and other special instructions
Forecasts regarding future performance in this material are based on information currently available to the company and certain assumptions that the company deems to be reasonable at the time this report was prepared. The company does not make promises about the achievements.Actual results may differ significantly from the forecasts due to various factors.
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Elematec Corporation published this content on 27 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2023 08:28:02 UTC.
Elematec Corp is a Japan-based company mainly engaged in the sale, processing, design and manufacture of electric materials, electronic components and mechanical parts. The Company operates in four regional segments. The Company is engaged in the provision of electrical materials such as substrates, silicon, anisotropic conductive films (ACFs), heat radiation rubbers, high-function films and resins, insulating tapes, high-function adhesives, lens films, anti-reflective materials and inert liquid; electronic components such as connectors, sensors, thermostats, inductors, backlights, fuses and liquid crystal displays (LCDs); mechanical parts such as fiberglass reinforced plastic (FRP) molded products, filters, exterior products, solar panels, power modules and others; other products such as cable accessories, polishing agents, camera monitors and others. The Company operates within the domestic market and to overseas markets, including China, other Asia, Europe and America.