Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Consolidated Financial Results
for the Year Ended December 31, 2021
[Japanese GAAP]
Company name: Kinjiro Co.,Ltd. | February 09, 2022 |
Stock exchange listing: Tokyo | |
Code number: 4013 | |
URL: https://www.kinjiro-e.com | |
Representative: Minoru Kamura | President |
Contact: Shinichi Tanaka | Executive Officer |
Phone: 052-249-9200 |
Scheduled date of Annual General Meeting of Shareholders: March 25, 2022
Scheduled date of commencing dividend payments: March 28, 2022
Scheduled date of filing annual securities report: March 28, 2022
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual financial results briefing session: Yes
(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Fiscal Year Ended December 31, 2021 (January 01, 2021 to December 31, 2021)
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | ||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||
owners of parent | |||||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||
December 31, 2021 | 3,324 | (3.2) | 261 | (53.5) | 244 | (52.2) | 162 | (50.5) | |||
December 31, 2020 | 3,432 | 7.7 | 562 | 22.4 | 511 | 11.2 | 329 | (0.8) |
(Note) Comprehensive income: | Fiscal year ended December 31, 2021: |
Fiscal year ended December 31, 2020: |
¥ | 166 million | [ | (49.5) %] |
¥ | 328 million | [ | (0.9) %] |
Basic earnings per | Diluted earnings per | Rate of return on | Ordinary profit to | Operating profit to | |
share | share | equity | total assets ratio | net sales ratio | |
Fiscal year ended | Yen | Yen | % | % | % |
December 31, 2021 | 15.94 | - | 1.7 | 2.4 | 7.9 |
December 31, 2020 | 40.48 | - | 5.7 | 7.6 | 16.4 |
(Reference) Equity in earnings (losses) of affiliated companies: Fiscal year ended December 31, 2021: Fiscal year ended December 31, 2020:
(2) Consolidated Financial Position
- million
- million
Total assets | Net assets | Capital adequacy ratio | Net assets per share | ||
As of | Million yen | Million yen | % | Yen | |
December 31, 2021 | 9,778 | 8,854 | 90.5 | 894.14 | |
December 31, 2020 | 10,984 | 9,896 | 90.1 | 949.76 | |
(Reference) Equity: As of | December 31, 2021: | ¥ | 8,854 million | ||
As of | December 31, 2020: | ¥ | 9,896 million | ||
(3) Consolidated Cash Flows | |||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash | ||
equivalents at the end | |||||
operating activities | investing activities | financing activities | |||
of period | |||||
Fiscal year ended | Million yen | Million yen | Million yen | Million yen | |
December 31, 2021 | 179 | (587) | (1,212) | 7,528 | |
December 31, 2020 | 686 | (96) | 7,935 | 9,153 |
2. Dividends
Annual dividends | Payout | Dividends | |||||||||
Total | to net | ||||||||||
ratio | |||||||||||
1st | 2nd | 3rd | Year-end | Total | dividends | assets | |||||
(consolidated) | |||||||||||
quarter-end | quarter-end | quarter-end | (consolidated) | ||||||||
Fiscal year ended | Yen | Yen | Yen | Yen | Yen | Million yen | % | % | |||
December 31, 2020 | - | 0.00 | - | 20.00 | 20.00 | 208 | 63.3 | 3.6 | |||
December 31, 2021 | - | 0.00 | - | 17.00 | 17.00 | 168 | 106.7 | 1.8 | |||
Fiscal year ending | |||||||||||
December 31, 2022 | - | 0.00 | - | 17.00 | 17.00 | 84.2 | |||||
(Forecast) | |||||||||||
(Note) Breakdown of the year-end dividend for the fiscal year ended December 31, 2021 : | |||||||||||
Commemorative dividend | 10.00 yen | ||||||||||
Special dividend | 10.00 | yen |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2022 (January 01, 2022 to December 31, 2022) (% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable | Basic earnings per | ||||||
to owners of parent | share | |||||||||
Six months ended June 30, | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
1,800 | 5.2 | 82 | (54.3) | 82 | (54.5) | 55 | (53.7) | 5.55 | ||
2022 | ||||||||||
Full year | 3,800 | 14.3 | 300 | 14.6 | 300 | 22.9 | 200 | 22.8 | 20.20 |
* Notes: | |||
(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in | |||
scope of consolidation): | No | ||
New | - | (Company name: | ) |
Exclusion: | - | (Company name: | ) |
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: No
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
December 31, 2021: | 10,420,000 | shares | ||
December 31, 2020: | 10,420,000 | shares | ||
2) | Total number of treasury shares at the end of the period: | |||
December 31, 2021: | 517,500 | shares | ||
December 31, 2020: | - shares | |||
3) | Average number of shares during the period: | |||
Fiscal Year ended December 31, 2021: | 10,221,892 | shares | ||
Fiscal Year ended December 31, 2020: | 8,136,256 | shares |
Consolidated Financial Statements
Consolidated Balance Sheets
(Thousand yen) | ||||
As of December 31,2020 | As of December 31,2021 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 9,234,228 | 7,627,459 | ||
Notes and accounts receivable - trade | 587,143 | 588,330 | ||
Inventories | 67,688 | 48,517 | ||
Other | 56,484 | 108,216 | ||
Allowance for doubtful accounts | - | (3) | ||
Total current assets | 9,945,545 | 8,372,520 | ||
Non-current assets | ||||
Property, plant and equipment | ||||
Buildings and structures | 124,971 | 231,538 | ||
Accumulated depreciation | (108,502) | (115,895) | ||
Buildings and structures, net | 16,468 | 115,642 | ||
Machinery, equipment and vehicles | 21,443 | 21,443 | ||
Accumulated depreciation | (13,399) | (16,078) | ||
Machinery, equipment and vehicles, net | 8,043 | 5,364 | ||
Tools, furniture and fixtures | 475,617 | 632,830 | ||
Accumulated depreciation | (292,396) | (361,012) | ||
Tools, furniture and fixtures, net | 183,221 | 271,817 | ||
Land | 165,005 | 250,055 | ||
Total property, plant and equipment | 372,739 | 642,880 | ||
Intangible assets | ||||
Software | 118,970 | 403,039 | ||
Software in progress | 261,938 | 71,845 | ||
Other | 1,856 | 10,519 | ||
Total intangible assets | 382,766 | 485,404 | ||
Investments and other assets | ||||
Investment securities | 1,713 | - | ||
Deferred tax assets | 65,013 | 54,964 | ||
Leasehold and guarantee deposits | 180,344 | 184,423 | ||
Other | 37,410 | 39,490 | ||
Allowance for doubtful accounts | (1,220) | (1,220) | ||
Total investments and other assets | 283,262 | 277,658 | ||
Total non-current assets | 1,038,768 | 1,405,943 | ||
Total assets | 10,984,313 | 9,778,464 |
(Thousand yen) | ||||
As of December 31,2020 | As of December 31,2021 | |||
Liabilities | ||||
Current liabilities | ||||
Notes and accounts payable - trade | 71,397 | 65,442 | ||
Short-term borrowings | - | 40,000 | ||
Current portion of long-term borrowings | 44,592 | 44,608 | ||
Accounts payable - other | 98,996 | 127,749 | ||
Income taxes payable | 181,915 | 36,397 | ||
Unearned revenue | 224,721 | 212,855 | ||
Other | 183,340 | 165,201 | ||
Total current liabilities | 804,964 | 692,254 | ||
Non-current liabilities | ||||
Long-term borrowings | 94,451 | 49,843 | ||
Provision for retirement benefits for directors (and | 50,976 | 44,186 | ||
other officers) | ||||
Retirement benefit liability | 120,408 | 120,679 | ||
Asset retirement obligations | 17,036 | 17,274 | ||
Total non-current liabilities | 282,872 | 231,983 | ||
Total liabilities | 1,087,836 | 924,238 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 4,099,300 | 4,099,300 | ||
Capital surplus | 4,056,450 | 4,056,450 | ||
Retained earnings | 1,738,240 | 1,692,758 | ||
Treasury shares | - | (999,946) | ||
Total shareholders' equity | 9,893,990 | 8,848,561 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale | (34) | - | ||
securities | ||||
Foreign currency translation adjustment | 2,521 | 5,664 | ||
Total accumulated other comprehensive income | 2,486 | 5,664 | ||
Total net assets | 9,896,477 | 8,854,226 | ||
Total liabilities and net assets | 10,984,313 | 9,778,464 |
Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income
(Thousand yen) | ||
For the fiscal year | For the fiscal year | |
ended December 31,2020 | ended December 31,2021 | |
Net sales | 3,432,574 | 3,324,414 |
Cost of sales | 1,162,942 | 1,294,885 |
Gross profit | 2,269,632 | 2,029,529 |
Selling, general and administrative expenses | 1,707,344 | 1,767,799 |
Operating profit | 562,287 | 261,729 |
Non-operating income | ||
Interest income | 92 | 125 |
Subsidy income | - | 595 |
Surrender value of insurance policies | 4,782 | 2,045 |
Other | 69 | 142 |
Total non-operating income | 4,944 | 2,909 |
Non-operating expenses | ||
Interest expenses | 328 | 265 |
Share issuance costs | 40,563 | - |
Going public expenses | 12,133 | - |
Foreign exchange losses | 2,397 | 4,876 |
Commission expenses | - | 14,522 |
Other | 429 | 786 |
Total non-operating expenses | 55,852 | 20,450 |
Ordinary profit | 511,379 | 244,187 |
Profit before income taxes | 511,379 | 244,187 |
Income taxes - current | 182,071 | 71,188 |
Income taxes - deferred | (8) | 10,080 |
Total income taxes | 182,063 | 81,269 |
Profit | 329,315 | 162,918 |
Profit attributable to owners of parent | 329,315 | 162,918 |
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Nittsusystem Co. Ltd. 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 08:32:05 UTC.