Financial Data File 2021（PDF:199.8KB）

KING JIM DATA FILE

Company Overview (as of June 20, 2021)

Corporate Officers (as of Sep.16, 2021)

Trade name:

KING JIM CO., LTD.

Directors

President & CEO:

Akira Miyamoto

President & CEO

Akira Miyamoto

Start of business:

April 1927

Senior Managing Executive Officer Naomichi Hagita

Date of incorporation:

August 1948

Managing Executive Officer

Shinichi Harada

Capital stock:

¥1,978.69 million

Managing Executive Officer

Takanobu Kameda

Exchange listing:

Tokyo Stock Exchange, 1st Section

Managing Executive Officer

Makoto Takano

Securities code 7962

External Director

Naoto Onzo

Number of shares issued: 31,459,692

External Director

Keiko Kakiuchi

Number of employees

(Consolidated):

2,157

External Director

Katsuya Hirokawa

Location of head office:

2-10-18,Higashi-Kanda,

External Director

Mizuho Iwaki

Chiyoda-ku, Tokyo 101-0031, Japan

Standing Auditor

Kazuto Shimizu

Number of offices:

7 sales offices

External Auditor

Mina Ota

3 distribution centers

External Auditor

Takeshi Niwa

Consolidated subsidiaries: LADONNA CO., LTD.

Senior Executive Officer

Takeshi Iwata

ASCA CO., LTD.

Senior Executive Officer

Takuto Inoue

BON FURNITURE CO., LTD.

WINCESS CORPORATION

Senior Executive Officer

Eishun Kaneko

P.T. KING JIM INDONESIA

Executive Officer

Tsukasa Kanzaki

KING JIM (MALAYSIA) SDN.BHD.

Executive Officer

Ko Kawamura

KING JIM (VIETNAM) CO., LTD.

Executive Officer

Junya Tamura

KING JIM (SHANGHAI) TRADING CO., LTD.

Executive Officer

Takashi Tateishi

KING JIM (HK) CO., LIMITED

Executive Officer

Sotaro Takahashi

KING JIM (SHENZHEN) TRADING CO., LTD.

Executive Officer

Yusuke Kojima

＊ WINCESS CORPORATION has been included in the scope of consolidation from this fiscal year.

Worldwide Network (as of June 20, 2021)

❶ Head Office

⓭ KING JIM (MALAYSIA) SDN.BHD.

❻

❷ Tokyo Branch

⓮ KING JIM (VIETNAM) CO., LTD.

❸ Nagoya Branch

⓯ KING JIM (SHANGHAI) TRADING CO., LTD.

❹ Osaka Branch

⓰ KING JIM (HK) CO., LIMITED

❺ Fukuoka Branch

⓱ KING JIM (SHENZHEN) TRADING CO., LTD.

⤗

❼

❻ Sapporo Sales Office

❼ Sendai Sales Office

16

❶ ❷ ❾

❽ Hiroshima Sales Office

⤖

❺

❽

❸

❾ Tokyo Logistics Center

⤕

⤔

❹

❿ Osaka Distribution Center

⓫ Fukuoka Distribution Center

⓬ P.T. KING JIM INDONESIA

Contact Information

KING JIM CO., LTD.

P.T. KING JIM INDONESIA

Tokyo Head Office (Overseas Business Promoting Dept.)

JL. Rembang Industri II /1 Rembang-kav. Pasuruan 67152 Indonesia

2-10-18,Higashi-Kanda,Chiyoda-ku, Tokyo 101-0031, Japan

Tel: [phone]~9

Fax: [phone]

Tel: [phone]

Fax: [phone]

URL: http://www.kingjim.co.id/v2/

URL: https://www.kingjim.co.jp/

Jakarta Sales Office

KING JIM (SHANGHAI) TRADING CO., LTD.

Gedung MTH Square Jl. Otto Iskandardinata No.390, Lt UG Unit B4A, Cawang, Jakarta

21DE, No.728 Xi Zang Rd(M), Shanghai, China, 200001

Timur 13330 Indonesia

Tel: [phone]

Fax: [phone]

Tel: [phone]

Fax: [phone]

URL: http://www.kingjim.cn/

KING JIM (MALAYSIA) SDN.BHD.

KING JIM (HK) CO., LIMITED

Lot 151, Plot1&2, Jalan PKNK3/1, Kawasan Perusahaan Sungai Petani,

Room1408, Beverly House, 93-107 Lockhart Road, Wan Chai, Hong Kong

08000 Sungai Petani, Kedah Darul Aman, Malaysia

Tel: [phone]

Fax: [phone]

Tel: [phone]

Fax: [phone]

KING JIM (VIETNAM) CO., LTD.

KING JIM (SHENZHEN) TRADING CO., LTD.

Lot D-4A-CN & D-4C-CN, My Phuoc Industrial Park 3, Thoi Hoa Ward, Ben Cat Town,

Room No.1311, Coastal City West tower, Hai De San Dao, Nanshan District,

Binh Duong Province, Vietnam

Shenzhen, P.R.China

Tel: [phone]

Fax: [phone]

Zip Code:518054

Fax: [phone]

URL: https://www.kingjim.com.vn/

Tel: [phone]

Ho Chi Minh City Representative Office

SAIGON RIVERSIDE OFFICE CENTRE Room 906, 9th Floor, 2A-4A Ton Duc Thang Street,

District 1, HCMC., Vietnam

Tel: [phone]

Fax: [phone]

Key Financial Indicators and Sales by Segment

Net sales

	Non-consolidated	Consolidated
40,000	(millions of yen)
30,000	34,627	34,788	34,329	33,455	36,319
20,000	26,176	25,915	25,489	25,421	25,672
10,000
0	2017	2018	2019	2020	2021

Profit attributable to owners of parent

		Non-consolidated	Consolidated
2,000	(millions of yen)					1,963
1,500
1,000		1,204	1,256	1,402	963	965	1,081	1,149
500	816
0
					-465
-500	2017	2018	2019	2020	2021

Operating profit
	Equity and Equity ratio

		Non-consolidated	Consolidated
2,500	(millions of yen)							25,000
2,000									2,416	20,000
1,500		1,690	1,605	1,912						15,000
1,000	1,166	1,101	1,395	1,117	1,232	1,426	10,000
500										5,000
0	2017	2018	2019	2020	2021	0

	Non-consolidated		Consolidated
(millions of yen)								(%) 100
										80
18,910	20,262	19,880	21,314	18,545	21,244	19,027	21,794	20,041	24,022	60
40
										20
2017	2018	2019	2020	2021	0

Consolidated sales by segment

Interior lifestyle		Stationery and
(General merchandise and		office supply
furniture)		(Electronic product)
24%
	48%
Stationery and
office supply
(Stationery)

28%

FINANCIAL DATA

Consolidated Balance Sheets

	KING JIM CO., LTD. and Subsidiaries
	June 20, 2020 and 2021	Thousands of yen		Thousands of
										US dollars
							2020	2021	2021
Assets
Current assets
			Cash and deposits		¥5,644,022	¥7,439,265		$67,427
			Notes and accounts receivable-trade		4,656,058	4,722,763		42,805
			Inventories		8,044,591	8,477,872		76,841
			Other		459,217	589,869		5,346
			Allowance for doubtful accounts		(4,395)	(6,817)		(61)
				Total current assets	18,799,495	21,222,954	192,358
Non-current assets
	Property, plant and equipment	4,305,685	4,451,990	40,351
	Intangible assets	488,162	520,801	4,720
	Investments and other assets
			Investment securities		1,995,882	2,441,771		22,131
			Retirement benefit asset		1,033,702	1,331,727		12,070
			Deferred tax assets		151,196	209,795		1,901
			Other		1,280,659	401,071		3,635
			Allowance for doubtful accounts		(3,232)	(14,872)		(134)
				Total investments and other assets	4,458,208	4,369,493	39,603
				Total non-current assets	9,252,056	9,342,285	84,675
				Total assets	28,051,551	30,565,239	277,034
Liabilities
Current liabilities
			Notes and accounts payable-trade		2,214,206	2,159,803		19,575
			Short-term borrowings		850,000	40,000		362
			Current portion of long-term borrowings		-	26,361		238
			Income taxes payable		379,178	678,217		6,147
			Accounts payable-other		700,385	921,562		8,352
			Other		853,196	1,031,594		9,350
				Total current liabilities		4,996,966	4,857,537		44,027
Non-current liabilities
			Long-term borrowings		-	117,680		1,066
			Deferred tax liabilities		437,158	656,035		5,946
			Retirement benefit liability		420,247	488,341		4,426
			Asset retirement obligations		21,315	24,251		219
			Other		265,500	303,208		2,748
				Total non-current liabilities		1,144,222	1,589,517		14,406
				Total liabilities		6,141,188	6,447,055		58,434
Net assets
Shareholders' equity
	Share capital
			Authorized :100,000,000 shares
			Issued :31,459,692 shares		1,978,690	1,978,690		17,934
	Capital surplus	2,383,776	1,717,573	15,567
	Retained earnings	21,190,651	22,468,110	203,644
	Treasury shares	(3,568,021)	(2,638,851)	(23,917)
			Total shareholders' equity		21,985,097	23,525,522		213,228
Accumulated other comprehensive income
	Valuation difference on available-for-sale securities	432,086	732,394	6,638
	Deferred gains or losses on hedges	(760)	912	8
	Foreign currency translation adjustment	(494,491)	(376,878)	(3,415)
	Remeasurements of defined benefit plans	(127,205)	140,925	1,277
				Total accumulated other comprehensive income		(190,370)	497,353		4,507
Share acquisition rights	109,292	87,088	789
Non-controlling interests	6,343	8,219	74
				Total net assets		21,910,363	24,118,184		218,600
				Total liabilities and net assets	¥28,051,551	¥30,565,239	$277,034

Consolidated Statements of Income

		KING JIM CO., LTD. and Subsidiaries
		Years ended June 20, 2020 and 2021	Thousands of yen		Thousands of
									US dollars
						2020	2021	2021
	Net sales		¥33,455,274	¥36,319,071		$329,185
COS and expenses from operating activities
		Cost of sales		20,554,178	21,880,290		198,316
		Selling, general and administrative expenses		11,668,499	12,021,975		108,963
			Operating profit	1,232,597	2,416,805	21,905
Other income
		Interest income		14,290	14,077		127
		Dividend income		60,237	58,822		533
		Foreign exchange gains		39,655	55,801		505
		Rental income		154,276	153,064		1,387
		Other		142,199	113,224		1,026
			Total other income		410,659	394,989		3,580
Other expenses
		Interest expenses		7,491	6,795		61
		Rental cost		46,694	45,554		412
		Impairment loss		21,913	-		-
		Extra retirement payments		-	30,095		272
		Other		27,943	10,614		96
		Total other expenses	104,043	93,058	843
			Profit before income taxes		1,539,213	2,718,736		24,641
Total income taxes	457,031	753,519	6,829
			Profit		1,082,181	1,965,216		17,812
Profit attributable to non-controlling interests	502	1,875	17
			Profit attributable to owners of parent		¥1,081,679	¥1,963,340		$17,795

		Consolidated Statement of Changes in Equity
		KING JIM CO., LTD. and Subsidiaries																						Thousands of yen
		Year ended June 20, 2021											Shareholders' equity
					Capital stock			Capital surplus			Retained	Treasury shares			Total shareholders'
									earnings						equity
	Balance at June 20, 2020		¥1,978,690				¥2,383,776			¥21,190,651			¥(3,568,021)				¥21,985,097
	Changes during period
		Dividends of surplus														(483,543)										(483,543)
		Profit attributable to owners of													1,963,340										1,963,340
			parent
		Purchase of treasury shares																				(100)				(100)
		Disposal of treasury shares								(2,635)								46,270				43,635
		Cancellation of treasury shares								(663,568)				(219,431)			883,000					-
		Change in scope of consolidation													17,094										17,094
		Net changes of items other than
			shareholders' equity
	Total changes during period				-				(666,203)				1,277,458			929,170				1,540,425
	Balance at June 20, 2021		¥1,978,690				¥1,717,573			¥22,468,110			¥(2,638,851)				¥23,525,522
					Accumulated other comprehensive income							Thousands of yen
						Share			Non-
					Valuation difference		Deferred gains		Foreign currency	Remeasurements		Total accumulated					Total net
					on available-for-sale		or losses on		translation		of defined		other comprehensive		acquisition		controlling
												assets
					securities		hedges		adjustment			benefit plans		income		rights		interests
	Balance at June 20, 2020		¥432,086			¥(760)		¥(494,491)		¥(127,205)		¥(190,370)		¥109,292			¥6,343	¥21,910,363
	Changes during period
		Dividends of surplus																										(483,543)
		Profit attributable to owners of																									1,963,340
			parent
		Purchase of treasury shares																										(100)
		Disposal of treasury shares																										43,635
		Cancellation of treasury shares																										-
		Change in scope of consolidation																									17,094
		Net changes of items other than	300,307			1,672		117,612		268,130		687,723		(22,204)			1,875		667,395
			shareholders' equity
	Total changes during period		300,307			1,672		117,612		268,130		687,723		(22,204)			1,875		2,207,820
	Balance at June 20, 2021	¥732,394			¥912	¥(376,878)		¥140,925	¥497,353	¥87,088			¥8,219	¥24,118,184

Consolidated Statements of Cash Flows

	KING JIM CO., LTD. and Subsidiaries
	Years ended June 20, 2020 and 2021	Thousands of yen		Thousands of
						US dollars
			2020	2021	2021
	Cash flows from operating activities		¥1,989,687	¥3,108,007		$28,170
	Cash flows from investing activities		(1,357,386)	(492,089)		(4,460)
	Cash flows from financing activities		456,803	(1,382,331)		(12,529)
	Effect of exchange rate change on cash and
	cash equivalents		(46,661)	74,550		675
	Net increase (decrease) in cash and cash equivalents	1,042,443	1,308,137		11,856
	Cash and cash equivalents at beginning of period		4,368,219	5,410,662		49,040
	Increase in cash and cash equivalents resulting from
	inclusion of subsidiaries in consolidation		-	314,121		2,847
	Cash and cash equivalents at end of period	¥5,410,662	¥7,032,921	$63,744

Notes to Consolidated Financial Statements

KING JIM CO., LTD. and Subsidiaries

For the year ended June 20, 2021

1. Basis of Presenting Financial Statements

1. The accompanying financial statements are presented in accordance with the provisions set forth in the Japanese Companies Act and the Financial Instruments and Exchange Act of Japan and in conformity with accounting principles and practices generally accepted in Japan.
2. Under the Japanese Companies Act, reported amounts of less than one thousand yen have been omitted. As a result, the totals in yen and U.S. dollars shown in the consolidated financial statements do not necessarily agree with the sum of the individual amounts.
3. The Company, a Japanese corporation, maintains its records and prepares its financial statements in yen. In preparing the consolidated financial statements, certain reclassifications have been made to the consolidated financial statements.
4. The accompanying U.S. dollar financial statements have been converted from yen for convenience, and as a matter of arithmetical computation only, at the rate of ¥110.33 = US$1, the exchange rate prevailing at June 20, 2021.
5. Items for which there is no applicable amount are indicated by "-".

2. Significant Accounting Policies

1. Accounting policy for measuring significant assets i) Securities
   Other securities
   Securities with fair market value

• Securities are stated at fair value as of the balance sheet date. Unrealized holding gains or losses on these securities are reported, as a separate component of net assets. Costs of securities sold are calculated by the moving average method.

Securities with no-available fair market value

1. • Securities with no-available fair market value are stated at cost determined by the moving average method.
2. Derivatives

Derivatives are stated at fair value iii) Inventories

Merchandise, finished goods and work in process

• Merchandise, finished goods and work in process are stated at cost determined by the periodic average method. (Figures on the balance sheet are calculated based on the method of reducing the book value in accordance with a decline in profitability.)

Raw materials and supplies

1. • Raw materials and supplies are stated at cost determined by the moving average method. (Figures on the balance sheet are calculated based on the method of reducing the book value in accordance with a decline in profitability.)
2. Accounting policy for depreciation of significant assets

i) Property, plant, and equipment (excluding leased assets)

Property, plant, and equipment acquired on or before March 31, 2007 Depreciation is primarily calculated by the former declining balance method.

However, as for the Company and its domestic consolidated subsidiaries, the depreciation of buildings (excluding facilities attached to buildings) acquired on and after April 1,1998 is calculated by the former straight-line method.

Property, plant, and equipment acquired on and after April 1, 2007 Depreciation is primarily calculated by the declining balance method.

However, as for the Company and its domestic consolidated subsidiaries, the depreciation of buildings (excluding facilities attached to buildings) as well as facilities attached to buildings and structures acquired on and after April 1, 2016 is calculated by the straight-line method.

The estimated useful lives of depreciable assets are as follows: Buildings and structures: 10 to 50 years

Machinery, equipment and vehicles: 4 to 16 years