Consolidated Financial Results
for the Six Months Ended September 30, 2021
[Japanese GAAP]
November 12, 2021
Company name: ESCRIT INC.
Stock exchange listing: Tokyo Stock Exchange
Code number: 2196
URL: http://www.escrit.jp/
Representative: Morihiro Shibutani, Representative Director, CEO
Contact: Itaru Kichise, Director, CFO
Phone: +81-3-3539-7654
Scheduled date of filing quarterly securities report: November 12, 2021
Scheduled date of commencing dividend payments: ―
Availability of supplementary explanatory materials on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Not scheduled
(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended September 30, 2021 (April 1, 2021 - September 30,
2021) | ||||||||||||
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||
owners of parent | ||||||||||||
Six months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||
September 30, 2021 | 9,980 | 189.5 | (1,092) | - | (920) | - | 158 | - | ||||
September 30, 2020 | 3,447 | (79.0) | (3,781) | - | (3,888) | - | (3,244) | - |
(Note) Comprehensive income: Six months ended September 30, 2021: ¥152 million [-%] Six months ended September 30, 2020: ¥(3,243) million [-%]
Basic earnings | Diluted earnings | |
per share | per share | |
Six months ended | Yen | Yen |
September 30, 2021 | 3.37 | 3.37 |
September 30, 2020 | (264.06) | - |
(Note) Although potential dilutive shares existed, diluted earnings per share for the six months ended September 30, 2020 are not stated herein because a net loss per share was recorded.
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio | |
Million yen | Million yen | % | |
As of September 30, 2021 | 24,621 | 5,734 | 23.3 |
As of March 31, 2021 | 26,142 | 5,565 | 21.3 |
(Reference) Equity: As of September 30, 2021: ¥5,731 million As of March 31, 2021: ¥5,562 million
2. Dividends
Annual dividends | |||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Year-end | Total | |||
Yen | Yen | Yen | Yen | Yen | |||
Fiscal year ended | - | 0.00 | - | 0.00 | 0.00 | ||
March 31, 2021 | |||||||
Fiscal year ending | - | 0.00 | |||||
March 31, 2022 | |||||||
Fiscal year ending | |||||||
March 31, 2022 | - | 0.00 | 0.00 | ||||
(Forecast) |
(Note) Revision to the forecast for dividends announced most recently: None
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 - March 31, 2022)
(% indicates changes from the previous corresponding period.)
Profit attributable | Basic earnings | ||||||||||
Net sales | Operating profit | Ordinary profit | to owners of | ||||||||
per share | |||||||||||
parent | |||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |||
Full year | 22,406 | 73.1 | (1,174) | - | (1,006) | - | 100 | - | (9.25) |
(Note) Revision to the financial results forecast announced most recently: Yes
* Notes:
(1) Changes in significant subsidiaries during the period under review: Yes (Changes in specified subsidiaries resulting in changes in scope of consolidation):
Newly included: ―, Excluded: One (1) (ESCRIT Management Partners KK)
(Note) On April 1, 2021, the Company conducted an absorption-type merger, in which the Company was the surviving company while ESCRIT Management Partners KK was the absorbed company.
- Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements: None
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: Yes
- Changes in accounting policies other than 1) above: None
- Changes in accounting estimates: None
- Retrospective restatement: None
Notes on changes in accounting policies
(4) Total number of issued and outstanding shares (common shares)
1) | Total number of issued and outstanding shares at the end of the period (including treasury shares): | |
September 30, 2021: | 13,786,500 shares | |
March 31, 2021: | 13,786,500 shares | |
2) | Total number of treasury shares at the end of the period: | |
September 30, 2021: | 277,932 shares | |
March 31, 2021: | 277,932 shares | |
3) Average number of shares during the period: | ||
Six months ended September 30, 2021: | 13,508,568 shares | |
Six months ended September 30, 2020: | 12,288,896 shares |
- These quarterly consolidated financial results are outside the scope of quarterly review by certified public accountants or an audit firm.
-
Explanation of the proper use of financial results forecast and other notes (Notes on forward-looking statements)
Earnings forecasts and other forward-looking statements herein are based on information currently available to the Company and certain assumptions deemed reasonable, and do not represent a commitment from the Company that they will be achieved. Actual results may differ significantly from the forecasts due to various factors.
(Access to supplementary explanatory materials on financial results)
Supplementary explanatory materials on financial results were posted on the Company's website on November 12, 2021.
Dividends Payable for Class Shares
The breakdown of dividend per share for the class shares with different rights from those of the Company's common share is as follows:
Annual dividends | ||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Year-end | Total | ||||||
Class A shares | Yen | Yen | Yen | Yen | Yen | |||||
Fiscal year ended | - | - | - | - | - | |||||
March 31, 2021 | ||||||||||
Fiscal year ending | - | 37,500.00 | ||||||||
March 31, 2022 | ||||||||||
Fiscal year ending | ||||||||||
March 31, 2022 | - | 37,500.00 | 75,000.00 | |||||||
(Forecast) |
(Note) Class A shares hereinabove were issued on March 31, 2021.
Breakdown of Dividends Paid Out of Capital Surplus
Of the class A shares for the second quarter of the fiscal year ending March 31, 2022, the breakdown of dividends paid out of capital surplus is as follows:
Base date | 2nd quarter-end |
Yen | |
Dividend per share | 37,500 |
Total dividends | 112,500 thousand |
(Note) Rate of decrease in net assets: 0.015 (rounded up to the third decimal place)
2. Quarterly Consolidated Financial Statements and Principal Notes
(1) Quarterly Consolidated Balance Sheets
(Thousand yen)
As of March 31, 2021 | As of September 30, 2021 |
Assets
Current assets
Cash and deposits
Notes and accounts receivable - trade
Notes and accounts receivable - trade, and contract assets
Accounts receivable from completed construction contracts
Real estate for sale
Merchandise and finished goods
Raw materials and supplies
Costs on construction contracts in progress Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
6,723,607 | 4,940,653 | ||
135,353 | - | ||
- | 346,150 | ||
724,319 | 10,986 | ||
420,645 | 367,699 | ||
269,122 | 274,590 | ||
62,267 | 69,534 | ||
57,958 | 522,182 | ||
962,038 | 807,806 | ||
(38,829) | (40,020) | ||
9,316,483 | 7,299,584 | ||
Buildings and structures, net | 7,186,774 | 6,746,681 | |
Other | 1,931,312 | 1,786,646 | |
Total property, plant and equipment | 9,118,087 | 8,533,327 | |
Intangible assets | 79,451 | 90,541 | |
Investments and other assets | |||
Leasehold and guarantee deposits | 3,639,927 | 3,605,311 | |
Deferred tax assets | 3,673,003 | 4,788,633 | |
Other | 344,847 | 333,498 | |
Allowance for doubtful accounts | (28,999) | (29,807) | |
Total investments and other assets | 7,628,780 | 8,697,636 | |
Total non-current assets | 16,826,319 | 17,321,504 | |
Total assets | 26,142,802 | 24,621,089 |
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ESCRIT Inc. published this content on 24 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2021 06:59:03 UTC.