Partial Release
Consolidated Financial Results for the Three Months of the Fiscal Year
Ending December 31, 2023
(Japanese Accounting Standards)
This document has been prepared as a guide for non-Japanese investors and contains forward-looking statements that are based on managements' estimates, assumptions and projections at the time of publication. A number of factors could cause actual results to differ materially from expectations. This document is a translation of excerpts taken from the Japanese language original. All numbers are rounded down to the nearest until in accordance with standard Japanese practice. Please be advised that the Company cannot accept responsibility for investment decisions made based on the information contained in this report.
May 15, 2023
Company Name: KITZ CORPORATION
Stock Listing: Tokyo Stock Exchange Stock Code: 6498
URL:https://www.kitz.com/en
President and Chief Executive Officer: Makoto Kohno
Inquiries: Makoto Ushimaru, Division Manager, Accounting & Finance Center
Telephone: +81-43-299-0114
Date of Financial Statement Filing (Planned): May 15, 2023
Availability of Financial Results Supplementary Presentation Materials: Yes
Financial Results Presentation Meeting: Yes (For institutional investors and analysts)
(Figures of less than one million yen are rounded down to the nearest decimal)
1. Consolidated Financial Results (Jan. 1, 2023 - Mar. 31, 2023)
(1) Consolidated Operating Results | (% figures represent year-over-year change) | |||||||||||
Net Sales | Operating Income | Ordinary Income | Net Income attributable to | |||||||||
owners of the parent | ||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||
FY2023 December Q1 | 39,241 | 6.8 | 3,496 | 28.5 | 3,776 | 33.3 | 3,376 | 80.9 | ||||
FY2022 December Q1 | 36,750 | 23.4 | 2,721 | 62.3 | 2,832 | 67.1 | 1,866 | 103.2 |
(Note) Comprehensive Income: | FY2023 December Q1 : ¥3,891 million (-10.9%) | FY2022 December Q1 : ¥4,366 million (94.9%) | |||
Net Income per Share | Net Income per Share | ||||
(Diluted) | |||||
Yen | Yen | ||||
FY2023 December Q1 | 37.66 | 37.65 | |||
FY2022 December Q1 | 20.83 | 20.83 |
(2) Consolidated Financial Position
Total Assets | Net Assets | Equity Ratio | Net Assets per Share | ||||||||||||||||||||
Million Yen | Million Yen | % | Yen | ||||||||||||||||||||
FY2023 December Q1 | 155,968 | 93,256 | 59.0 | 1,027.44 | |||||||||||||||||||
FY2022 December | 152,569 | 91,042 | 59.0 | 1,002.69 | |||||||||||||||||||
(Reference) Equity: FY2023 December Q1 : ¥92,082 million | FY2022 December : ¥89,941 million | ||||||||||||||||||||||
2. Dividends | |||||||||||||||||||||||
Annual Dividend | |||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Total | |||||||||||||||||||
FY2022 December | Yen | Yen | Yen | Yen | Yen | ||||||||||||||||||
― | 15.00 | ― | 18.00 | 33.00 | |||||||||||||||||||
FY2023 December | ― | ||||||||||||||||||||||
FY2023 December (Planned) | 18.00 | ― | 19.00 | 37.00 | |||||||||||||||||||
Revisions to dividends recently announced: Yes | |||||||||||||||||||||||
3. Consolidated Financial Forecasts for the Fiscal Year Ending December 2023 (Jan. 1, 2023-Dec. 31, 2023) | |||||||||||||||||||||||
(% figures represent year-over-year change) | |||||||||||||||||||||||
Net Sales | Operating Income | Ordinary Income | Net Income attributable to | Net Income | |||||||||||||||||||
owners of the parent | per Share | ||||||||||||||||||||||
Million Yen | % | Million Yen | % | Million Yen | % | Million Yen | % | Yen | |||||||||||||||
2nd quarter-end (six months) | 80,300 | 4.4 | 6,500 | 16.1 | 6,850 | 11.7 | 5,300 | 27.8 | 59.09 | ||||||||||||||
Full year | 169,000 | 5.7 | 12,900 | 16.7 | 13,300 | 10.4 | 9,700 | 13.5 | 108.15 | ||||||||||||||
(Note) Revisions to consolidated financial forecasts recently announced: Yes
Partial Release
- Annotation
-
Changes in significant subsidiaries (Changes in subsidiaries affecting the scope of consolidation): Yes
Newly consolidated: 1 (Company name: KITZ Corporation of Vietnam Co., Ltd.)
Removed from consolidation: None
(2)Application of special accounting procedures in the preparation of our quarterly consolidated financial statements: Yes
- Changes in accounting methods, procedures and presentations concerning preparation of consolidated financial statements
- Changes accompanying revisions in accounting standards: None
- Other changes: None
- Changes in accounting estimates: None
- Redisplay of revisions: None
- Number of shares outstanding (Common stock)
- Shares issued as of term end (including treasury stock):
- Treasury stock as of term end:
- Average during the term:
FY2023 Dec Q1 | 90,396,511 | shares | FY2022 Dec | 90,396,511 shares |
FY2023 Dec Q1 | 773,822 | shares | FY2022 Dec | 697,124 shares |
FY2023 Dec Q1 | 89,661,067 | shares | FY2022 Dec Q1 | 89,609,550 shares |
(Note) The shares held within the BIP trust accounts are included in term-end treasury stocks. (FY2023 December Q1: 418,587 shares,
FY2022 December: 418,587 shares,)
Furthermore, the shares held within the BIP trust accounts are included in treasury stocks that are deducted in the calculation of the average number of shares for the period. (FY2023 December Q1: 418,587 shares, FY2022 December Q1: 477,535 shares,)
- This document is not subject to audit procedures.
- Explanations regarding the appropriate uses of our earnings projections and other information:
The future prospects of the business results, etc., described in this document are based on currently available information and certain premises that are judged to be rational at the time of writing, and are not intended as a guarantee that the Company will achieve these targets. Actual performance and other results may differ significantly due to various factors.
*Investor presentation materials relating to our financial results are expected to be published on our corporate website on or after May 22, 2023.
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Kitz Corporation published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2023 10:42:05 UTC.