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 Nine Months Ended December 31, 2020 (Based on Japanese GAAP)
January 28, 2021 | |||||||||||||
Company name: | MARUWA CO., LTD. | ||||||||||||
Stock exchange listing: Tokyo, Nagoya | |||||||||||||
Stock code: | 5344 | URL | https://www.maruwa-g.com/ | ||||||||||
Representative: | President and Representative Director | Sei Kanbe | |||||||||||
Inquiries: | Executive Officer | Tamaki Nozoki | TEL 0561-51-0839 | ||||||||||
Scheduled date to file Quarterly Securities Report: | February 10, 2021 | ||||||||||||
Scheduled date to commence dividend payments: | - | ||||||||||||
Preparation of supplementary material on quarterly financial results: | No | ||||||||||||
Holding of quarterly financial results meeting: | No | ||||||||||||
(Amounts less than one million yen are rounded down) | |||||||||||||
1. Consolidated financial results for the nine months ended December 31, 2020 (from April 1, 2020 to December 31, 2020) | |||||||||||||
(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 | % | ||||||
Nine months ended December 31, 2020 | 30,569 | (0.8) | 7,573 | 13.1 | 7,413 | 9.2 | 5,078 | 24.3 | |||||
Nine months ended December 31, 2019 | 30,810 | 2.2 | 6,699 | (3.7) | 6,789 | (7.2) | 4,087 | (15.5) | |||||
Earnings per share | Diluted earnings per share | ||||||||||||
Yen | Yen | ||||||||||||
Nine months ended December 31, 2020 | 411.78 | - | |||||||||||
Nine months ended December 31, 2019 | 331.36 | - | |||||||||||
(2) Consolidated financial position | |||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||
Millions of yen | Millions of yen | % | |||||||||||
As of December 31, 2020 | 75,751 | 64,157 | 84.7 | ||||||||||
As of March 31, 2020 | 70,681 | 59,453 | 84.1 | ||||||||||
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 March 31, 2020 | - | 26.00 | - | 26.00 | 52.00 |
Year ending March 31, 2021 | - | 28.00 | - | ||
Year ending March 31, 2021 (Forecast) | 36.00 | 64.00 | |||
3. Forecast of consolidated financial results for the year ending March 31, 2021 (from April 1, 2020 to March 31, 2021)
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 | 41,000 | (0.6) | 10,000 | 7.0 | 9,800 | 2.9 | 6,600 | 12.0 | 535.10 | ||
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4. Notes | ||||||
(1) | Changes in significant subsidiaries during the nine months ended December 31, 2020 | No | ||||
(changes in specified subsidiaries resulting in the change in scope of consolidation): | ||||||
(2) | Application of special accounting methods for preparing quarterly consolidated financial statements: | No | ||||
(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: | No | |||||
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, 2020 | 12,372,000 shares | As of March 31, 2020 | 12,372,000 shares | |||
Number of treasury shares at the end of the period | ||||||
As of December 31, 2020 | 36,236 shares | As of March 31, 2020 | 40,163 shares | |||
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Nine months ended December 31, 2020 | 12,333,434 shares | Nine months ended December 31, 2019 | 12,333,911 shares |
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Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen) | |||
As of March 31, 2020 | As of December 31, 2020 | ||
Assets | |||
Current assets | |||
Cash and deposits | 29,334,349 | 32,786,636 | |
Notes and accounts receivable - trade | 9,542,199 | 9,254,324 | |
Electronically recorded monetary claims - | 1,295,434 | 1,324,172 | |
operating | |||
Merchandise and finished goods | 2,061,801 | 1,854,816 | |
Work in process | 2,393,622 | 2,338,258 | |
Raw materials and supplies | 2,756,758 | 2,330,629 | |
Other | 1,757,311 | 2,000,141 | |
Allowance for doubtful accounts | (8,180) | (8,079) | |
Total current assets | 49,133,297 | 51,880,899 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures | 12,650,214 | 15,280,402 | |
Accumulated depreciation | (6,505,584) | (6,825,182) | |
Buildings and structures, net | 6,144,629 | 8,455,219 | |
Machinery, equipment and vehicles | 20,998,043 | 21,970,902 | |
Accumulated depreciation | (16,567,320) | (16,559,703) | |
Machinery, equipment and vehicles, net | 4,430,722 | 5,411,199 | |
Land | 4,421,234 | 4,530,840 | |
Construction in progress | 3,445,592 | 2,821,569 | |
Other | 3,499,670 | 3,695,478 | |
Accumulated depreciation | (2,898,143) | (3,103,741) | |
Other, net | 601,527 | 591,736 | |
Total property, plant and equipment | 19,043,706 | 21,810,565 | |
Intangible assets | |||
Goodwill | 195,975 | - | |
Other | 254,672 | 243,965 | |
Total intangible assets | 450,648 | 243,965 | |
Investments and other assets | 2,053,978 | 1,816,293 | |
Total non-current assets | 21,548,333 | 23,870,824 | |
Total assets | 70,681,631 | 75,751,723 |
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(Thousands of yen) | |||
As of March 31, 2020 | As of December 31, 2020 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 1,898,714 | 2,199,668 | |
Electronically recorded obligations - operating | 1,619,355 | 1,720,020 | |
Short-term borrowings | 900,000 | 900,000 | |
Current portion of long-term borrowings | - | 266,688 | |
Income taxes payable | 827,864 | 1,211,066 | |
Provision for bonuses | 608,949 | 387,332 | |
Provision for bonuses for directors (and other | 63,000 | 24,750 | |
officers) | |||
Other | 3,382,929 | 2,702,853 | |
Total current liabilities | 9,300,813 | 9,412,380 | |
Non-current liabilities | |||
Long-term borrowings | 1,200,000 | 1,666,640 | |
Deferred tax liabilities | 351,419 | 172,421 | |
Other | 375,829 | 342,791 | |
Total non-current liabilities | 1,927,248 | 2,181,852 | |
Total liabilities | 11,228,062 | 11,594,232 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 8,646,720 | 8,646,720 | |
Capital surplus | 11,992,492 | 12,005,832 | |
Retained earnings | 40,526,723 | 44,939,510 | |
Treasury shares | (239,524) | (216,635) | |
Total shareholders' equity | 60,926,411 | 65,375,427 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale | 70,521 | 123,816 | |
securities | |||
Foreign currency translation adjustment | (1,543,364) | (1,341,753) | |
Total accumulated other comprehensive income | (1,472,842) | (1,217,936) | |
Total net assets | 59,453,569 | 64,157,490 | |
Total liabilities and net assets | 70,681,631 | 75,751,723 |
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Maruwa Co. Ltd. published this content on 28 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2021 10:01:06 UTC.