Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
May 11, 2023
Consolidated Financial Results
for the Fiscal Year Ended March 31, 2023
(Under Japanese GAAP)
Company name: | Kurabo Industries Ltd. |
Listing: | Tokyo Stock Exchange |
Securities code: | 3106 |
URL: | https://www.kurabo.co.jp |
Representative: | Haruya Fujita, President |
Inquiries: | Hiroshi Fujii, Director, Executive Officer, and Manager of Finance & Accounting Department |
Telephone: | +81-6-6266-5188 |
Scheduled date of ordinary general meeting of shareholders: | June 29, 2023 |
Scheduled date to commence dividend payments: | June 30, 2023 |
Scheduled date to file annual securities report: | June 29, 2023 |
Preparation of supplementary material on financial results: | Yes |
Holding of financial results briefing: | Yes (for institutional investors and analysts) |
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated financial results for the fiscal year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)
(1) Consolidated operating results | (Percentages indicate year-on-year changes.) | ||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||
owners of parent | |||||||||||
Fiscal year ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||
March 31, 2023 | 153,522 | 16.1 | 8,676 | 15.2 | 10,024 | 14.1 | 5,516 | (1.5) | |||
March 31, 2022 | 132,215 | - | 7,528 | - | 8,783 | - | 5,602 | - | |||
Note: Comprehensive income | For the fiscal year ended March 31, 2023: | ¥9,582 million | [80.4%] | ||||||||
For the fiscal year ended March 31, 2022: | ¥5,312 million | [-%] |
Basic earnings | Diluted earnings | Return on equity | |
per share | per share | ||
Fiscal year ended | Yen | Yen | % |
March 31, 2023 | 287.08 | - | 5.6 |
March 31, 2022 | 280.35 | - | 5.9 |
Reference: Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended March 31, 2023: ¥21 million
For the fiscal year ended March 31, 2022: ¥(166) million
Ordinary profit/
total assets
%
5.9
5.2
Operating profit/
net sales
%
5.7
5.7
(2) Consolidated financial position
Total assets | Net assets | |||
As of | Millions of yen | Millions of yen | ||
March 31, 2023 | 174,086 | 102,907 | ||
March 31, 2022 | 167,285 | 97,415 | ||
Reference: | Equity | |||
As of March 31, 2023: | ¥101,334 million | |||
As of March 31, 2022: | ¥96,016 million |
Equity-to-asset ratio
%
58.2
57.4
Net assets per share
Yen
5,386.20
4,853.12
(3) Consolidated cash flows
Cash flows from | Cash flows from | Cash flows from | Cash and cash | |
equivalents at end of | ||||
operating activities | investing activities | financing activities | ||
period | ||||
Fiscal year ended | Millions of yen | Millions of yen | Millions of yen | Millions of yen |
March 31, 2023 | 2,516 | (2,969) | (3,581) | 10,360 |
March 31, 2022 | 9,246 | (3,341) | (14,065) | 14,073 |
2. Cash dividends
Annual dividends per share | Total cash | Payout ratio | Ratio of | |||||||
First | Second | Third | dividends to | |||||||
Fiscal | dividends | |||||||||
quarter- | quarter- | quarter- | Total | (Consolidated) | net assets | |||||
year-end | (Total) | |||||||||
end | end | end | (Consolidated) | |||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |||
Fiscal year ended | - | 0.00 | - | 70.00 | 70.00 | 1,392 | 25.0 | 1.5 | ||
March 31, 2022 | ||||||||||
Fiscal year ended | - | 35.00 | - | 35.00 | 70.00 | 1,336 | 24.4 | 1.4 | ||
March 31, 2023 | ||||||||||
Fiscal year ending | - | 35.00 | - | 35.00 | 70.00 | 22.7 | ||||
March 31, 2024 | ||||||||||
(Forecast) | ||||||||||
3. Forecast of consolidated financial results for the fiscal year ending March 31, 2024 (from April 1, 2023
to March 31, 2024) | (Percentages indicate year-on-year changes.) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | ||||||
owners of parent | per share | |||||||||
Millions | % | Millions | % | Millions | % | Millions | % | Yen | ||
of yen | of yen | of yen | of yen | |||||||
Six months ending | 68,500 | (4.9) | 1,900 | (44.2) | 2,300 | (50.5) | 1,400 | (57.1) | 74.41 | |
September 30, 2023 | ||||||||||
Full year | 154,000 | 0.3 | 7,900 | (8.9) | 8,500 | (15.2) | 5,800 | 5.1 | 308.28 |
* Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
- Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards and other regulations: None
- Changes in accounting policies due to other reasons: None
- Changes in accounting estimates: None
- Restatement: None
- Number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2023 | 20,000,000 shares |
As of March 31, 2022 | 20,756,228 shares |
(ii) Number of treasury shares at the end of the period
As of March 31, 2023 | 1,186,212 shares |
As of March 31, 2022 | 971,652 shares |
(iii) Average number of shares outstanding during the period
Fiscal year ended March 31, 2023 | 19,217,294 shares |
Fiscal year ended March 31, 2022 | 19,983,563 shares |
Note: The Company has introduced the Board Benefit Trust, a share-based compensation plan for directors, etc. using a trust, and the Company's shares held by the trust account are included in the number of treasury shares.
(Reference) Overview of non-consolidated financial results
Non-consolidated financial results for the fiscal year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)
(1) Non-consolidated operating results | (Percentages indicate year-on-year changes.) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit | |||||||
Fiscal year ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||
March 31, 2023 | 78,879 | 15.2 | 4,373 | 11.3 | 5,956 | 15.0 | 3,958 | (1.1) | ||
March 31, 2022 | 68,486 | - | 3,928 | - | 5,180 | - | 4,002 | - | ||
Basic earnings | Diluted earnings | |||||||||
per share | per share | |||||||||
Fiscal year ended | Yen | Yen | ||||||||
March 31, 2023 | 206.01 | - | ||||||||
March 31, 2022 | 200.29 | - | ||||||||
(2) Non-consolidated financial position | ||||||||||
Total assets | Net assets | Equity-to-asset ratio | Net assets per share | |||||||
As of | Millions of yen | Millions of yen | % | Yen | ||||||
March 31, 2023 | 129,359 | 80,762 | 62.4 | 4,292.75 | ||||||
March 31, 2022 | 128,712 | 78,164 | 60.7 | 3,950.80 | ||||||
Reference: Equity | ||||||||||
As of March 31, 2023: | ¥80,762 million | |||||||||
As of March 31, 2022: | ¥78,164 million |
- Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
-
Proper use of earnings forecasts, and other special matters (Caution regarding forward-looking statements and others)
The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Consequently, the statements herein do not constitute assurances regarding the Company's actual results. Actual financial and other results may differ substantially from the statements herein due to various factors. For matters regarding the above earnings forecasts, please refer to "(4) Future outlook" of "1. Overview of operating results and others" on page 4 of the attached materials.
(Regarding the financial results briefing)
The Company plans to hold a financial results briefing for institutional investors and analysts on Thursday, May 18, 2023. The explanatory materials on financial results to be distributed at the briefing will be posted on the Company's website following the briefing.
Attached Material | ||
1. Overview of operating results and others | 2 | |
(1) | Overview of operating results for the fiscal year under review | 2 |
(2) | Overview of financial position for the fiscal year under review | 3 |
(3) | Overview of cash flows for the fiscal year under review | 3 |
(4) | Future outlook | 4 |
2. Basic policy regarding selection of accounting standards | 5 | |
3. Consolidated financial statements and significant notes thereto | 6 | |
(1) | Consolidated balance sheet | 6 |
(2) | Consolidated statement of income and consolidated statement of comprehensive income | 8 |
Consolidated statement of income | 8 | |
Consolidated statement of comprehensive income | 9 | |
(3) | Consolidated statement of changes in equity | 10 |
(4) | Consolidated statement of cash flows | 12 |
(5) | Notes to consolidated financial statements | 14 |
(Notes on premise of going concern) | 14 | |
(Notes on consolidated balance sheet) | 14 | |
(Changes in presentation) | 14 | |
(Additional information) | 14 | |
(Segment information, etc.) | 16 | |
(Relationship to revenue recognition) | 20 | |
(Per share information) | 22 | |
(Subsequent events) | 22 | |
4. Others | 23 | |
(1) | Changes of officers (scheduled as of June 29, 2023) | 23 |
(2) | Reference information | 23 |
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Kurabo Industries Ltd. published this content on 11 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 May 2023 10:18:02 UTC.