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 Six Months Ended December 31, 2021 (Based on Japanese GAAP)
February 10, 2022 | |||||
Company name: | Japan Living Warranty Inc. | ||||
Stock exchange listing: | Tokyo | ||||
Stock code: | 7320 | URL https://jlw.jp | |||
Representative: | Representative director and president | Yoshitaka Adachi | |||
Inquiries: | Director, General Manager of Administration | Atsushi Yoshikawa | TEL 03-6276-0401 | ||
Headquarters | |||||
Scheduled date to file Quarterly Securities Report: | February 10, 2022 | ||||
Scheduled date to commence dividend payments: | - | ||||
Preparation of supplementary material on quarterly financial results: | Yes | ||||
Holding of quarterly financial results meeting: | Yes | (for institutional investors and analysts) |
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended December 31, 2021 (from July 1, 2021 to December 31, 2021)
(1) Consolidated operating results (cumulative) | 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 | % | |||||||||||
Six months ended December 31, 2021 | 1,608 | 34.6 | 467 | 191.6 | 524 | 119.2 | 355 | 127.9 | ||||||||||
Six months ended December 31, 2020 | 1,195 | - | 160 | - | 239 | - | 156 | - | ||||||||||
Earnings per share | Diluted earnings per share | |||||||||||||||||
Yen | Yen | |||||||||||||||||
Six months ended December 31, 2021 | 71.05 | 70.20 | ||||||||||||||||
Six months ended December 31, 2020 | 31.18 | 30.53 | ||||||||||||||||
(2) Consolidated financial position | ||||||||||||||||||
Total assets | Net assets | Equity ratio | ||||||||||||||||
Millions of yen | Millions of yen | % | ||||||||||||||||
As of December 31, 2021 | 15,292 | 1,125 | 7.4 | |||||||||||||||
As of June 30, 2021 | 14,469 | 779 | 5.4 | |||||||||||||||
2. Cash dividends | ||||||||||||||||||
Annual dividends per share | ||||||||||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | ||||||||||||||
Yen | Yen | Yen | Yen | Yen | ||||||||||||||
Year ended June 30, 2021 | - | 0.00 | - | 10.00 | 10.00 | |||||||||||||
Year ending June 30, 2022 | - | 0.00 | ||||||||||||||||
Year ending June 30, 2022 (Forecast) | - | 10.00 | 10.00 |
3. Forecast of consolidated financial results for the year ending June 30, 2022 (from July 1, 2021 to June 30, 2022)
Percentages indicate year-on-year changes
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 | |
Full year | 3,200 | 21.9 | 700 | 83.3 | 800 | 74.6 | 530 | 117.9 | 105.89 |
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4. Notes
- Changes in significant subsidiaries during the six months ended December 31, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation):
- Application of special accounting methods for preparing quarterly consolidated financial statements:
No
Yes
(3) 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: | Yes |
Changes in accounting policies due to other reasons: | No |
Changes in accounting estimates: | No |
Restatement of prior period financial statements: | No |
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2021 | 5,058,300 | shares | As of June 30, 2021 | 5,058,300 | shares | |
Number of treasury shares at the end of the period | ||||||
As of December 31, 2021 | 50,262 | shares | As of June 30, 2021 | 56,175 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Six months ended December 31, 2021 | 5,005,161 | shares | Six months ended December 31, 2020 | 5,004,147 | shares |
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Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen) | |||
As of June 30, 2021 | As of December 31, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 5,547,736 | 4,050,867 | |
Accounts receivable - trade | 55,872 | 58,917 | |
Securities | 125,052 | 161,184 | |
Money held in trust | 199,902 | 199,902 | |
Prepaid expenses | 346,311 | 388,390 | |
Advances paid | 751,332 | 1,037,349 | |
Other | 286,899 | 807,648 | |
Total current assets | 7,313,106 | 6,704,260 | |
Non-current assets | |||
Property, plant and equipment | 310,679 | 554,426 | |
Intangible assets | 139,645 | 170,532 | |
Investments and other assets | |||
Investment securities | 964,329 | 1,055,727 | |
Investments in capital | 200,010 | 100,010 | |
Guarantee deposits | 1,165,095 | 785,095 | |
Long-term prepaid expenses | 2,111,791 | 2,226,011 | |
Investment property, net | 1,900,882 | 3,268,828 | |
Other | 363,289 | 426,630 | |
Total investments and other assets | 6,705,397 | 7,862,303 | |
Total non-current assets | 7,155,723 | 8,587,261 | |
Deferred assets | 517 | 517 | |
Total assets | 14,469,346 | 15,292,039 |
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(Thousands of yen) | |||
As of June 30, 2021 | As of December 31, 2021 | ||
Liabilities | |||
Current liabilities | |||
Accounts payable - trade | 74,701 | 67,245 | |
Current portion of long-term borrowings | 33,880 | 53,272 | |
Income taxes payable | 222,602 | 179,458 | |
Unearned revenue | 1,193,301 | 1,378,803 | |
Deposits received | 1,508,352 | 467,777 | |
Provision for bonuses | 79,700 | 27,879 | |
Provision for bonuses for directors (and other officers) | 20,000 | - | |
Other | 324,726 | 181,455 | |
Total current liabilities | 3,457,265 | 2,355,892 | |
Non-current liabilities | |||
Long-term borrowings | 619,001 | 1,004,205 | |
Long-term unearned revenue | 5,693,016 | 6,425,132 | |
Long-term deposits received | 3,873,866 | 4,323,039 | |
Provision for point card certificates | 6,322 | 5,759 | |
Other | 40,554 | 52,829 | |
Total non-current liabilities | 10,232,760 | 11,810,966 | |
Total liabilities | 13,690,025 | 14,166,858 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 211,826 | 211,826 | |
Capital surplus | 186,826 | 190,722 | |
Retained earnings | 445,766 | 751,373 | |
Treasury shares | (120,382) | (107,748) | |
Total shareholders' equity | 724,036 | 1,046,174 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 55,284 | 79,007 | |
Total accumulated other comprehensive income | 55,284 | 79,007 | |
Total net assets | 779,321 | 1,125,181 | |
Total liabilities and net assets | 14,469,346 | 15,292,039 |
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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen) | |||
Six months ended | Six months ended | ||
December 31, 2020 | December 31, 2021 | ||
Net sales | 1,195,471 | 1,608,961 | |
Cost of sales | 491,030 | 494,910 | |
Gross profit | 704,440 | 1,114,051 | |
Selling, general and administrative expenses | 544,062 | 646,326 | |
Operating profit | 160,378 | 467,724 | |
Non-operating income | |||
Interest income | 3,552 | 7,786 | |
Dividend income | 115 | - | |
Rental income from investment property | 35,861 | 68,607 | |
Gain on sale of securities | 53,773 | - | |
Other | 9,378 | 17,160 | |
Total non-operating income | 102,680 | 93,553 | |
Non-operating expenses | |||
Interest expenses | 978 | 3,215 | |
Rent expenses of real estate for investment | 22,464 | 28,902 | |
Other | 213 | 4,354 | |
Total non-operating expenses | 23,656 | 36,472 | |
Ordinary profit | 239,401 | 524,806 | |
Profit before income taxes | 239,401 | 524,806 | |
Income taxes | 83,323 | 169,177 | |
Profit | 156,078 | 355,628 | |
Profit attributable to owners of parent | 156,078 | 355,628 |
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Japan Living Warranty Inc. published this content on 14 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2022 04:31:06 UTC.