TRANSLATION - FOR REFERENCE ONLY
METAWATER Co., Ltd.
For Immediate ReleaseJuly 27, 2022
CONSOLIDATED RESULTS FOR THE THREE MONTHS ENDED
JUNE 30, 2022 (Unaudited) | [JP GAAP] |
Company name | METAWATER Co., Ltd. |
Stock exchanges on which the shares are listed | Prime Market of Tokyo Stock Exchange |
Securities code | 9551 |
URL | https://www.metawater.co.jp |
Representative | Kenji Yamaguchi |
President and Representative Director | |
Contact person | Masayuki Nakagawa |
Executive Officer | |
Executive General Manager of Financial Planning | |
Office | |
(TEL.:+81-3-6853-7317) | |
Filing date of quarterly securities report | August 9, 2022 |
Payment date of cash dividends | ― |
Supplementary information materials on | Available |
quarterly results | |
Quarterly results briefing | Will not be held |
(Amounts are rounded down to the nearest million yen)
1. Highlight of consolidated results for the three months ended June 30, 2022
(1) Consolidated operating results (year-to-date)
(Percentages are year-to-year changes)
Net sales | Operating | Ordinary | Profit attributable | ||||||||
income | income | to owners of | |||||||||
parent | |||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||
Three months ended | 19,918 | 25.0 | (1,932) | ― | (1,142) | ― | (951) | ― | |||
June 30, 2022 | |||||||||||
Three months ended | 15,934 | 12.3 | (2,828) | ― | (2,697) | ― | (2,078) | ― | |||
June 30, 2021 | |||||||||||
Note: Comprehensive income: | Three months ended June 30, 2022 | (270) million yen | ― % | ||||||||
Three months ended June 30, 2021 | (1,083) million yen | ― % | |||||||||
Net income per share | Net income per share | ||||||||||
- Basic - | - Diluted - | ||||||||||
Yen | Yen | ||||||||||
Three months ended | (21.85) | ― | |||||||||
June 30, 2022 | |||||||||||
Three months ended | (47.73) | ― | |||||||||
June 30, 2021 | |||||||||||
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(2) Consolidated financial position | |||||||||||||||||||||||||
Total assets | Net assets | Shareholders' equity | |||||||||||||||||||||||
to total assets | |||||||||||||||||||||||||
Million yen | Million yen | % | |||||||||||||||||||||||
As of June 30, 2022 | 129,182 | 59,197 | 44.9 | ||||||||||||||||||||||
As of March 31, 2022 | 133,065 | 59,548 | 44.5 | ||||||||||||||||||||||
Note: Shareholders' equity: | As of June 30, 2022 | 57,987 million yen | |||||||||||||||||||||||
As of March 31, 2022 | 59,246 million yen | ||||||||||||||||||||||||
2. Dividends | |||||||||||||||||||||||||
Dividends per share | |||||||||||||||||||||||||
Period | 1Q | 2Q | 3Q | 4Q | Annual | ||||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | |||||||||||||||||||||
Fiscal year | ― | 20.00 | ― | 20.00 | 40.00 | ||||||||||||||||||||
ended March | |||||||||||||||||||||||||
31, 2022 | |||||||||||||||||||||||||
Fiscal year | ― | ||||||||||||||||||||||||
ending March | |||||||||||||||||||||||||
31, 2023 | |||||||||||||||||||||||||
Fiscal year | |||||||||||||||||||||||||
ending March | 20.00 | ― | 20.00 | 40.00 | |||||||||||||||||||||
31, 2023 | |||||||||||||||||||||||||
(Forecast) | |||||||||||||||||||||||||
Note: Revision of forecast for dividends from the latest announcement: No | |||||||||||||||||||||||||
3. Forecast for consolidated operating results for the fiscal year ending March 31, 2023 | |||||||||||||||||||||||||
(Percentages are year-to-year changes) | |||||||||||||||||||||||||
Profit attributable | Net income | ||||||||||||||||||||||||
Net sales | Operating income | Ordinary income | per share | ||||||||||||||||||||||
to owners of parent | |||||||||||||||||||||||||
- Basic - | |||||||||||||||||||||||||
Million | % | Million | % | Million | % | Million | % | Yen | |||||||||||||||||
yen | yen | yen | yen | ||||||||||||||||||||||
Fiscal | |||||||||||||||||||||||||
year | 149,000 | 9.9 | 9,300 | 14.2 | 9,300 | 6.3 | 6,300 | 0.9 | 144.62 | ||||||||||||||||
ending | |||||||||||||||||||||||||
March 31, | |||||||||||||||||||||||||
2023 |
Note: Revision of forecast for operating results from the latest announcement: No
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Notes:
- Changes in significant subsidiaries during the three months ended June 30, 2022 (Changes in specified subsidiaries that caused a change in the scope of consolidation): No
- Application of accounting method specific to preparation of quarterly consolidated financial statements: Yes
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes by a newly issued or amended accounting pronouncement: Yes
- Changes other than (3)-(a) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Number of shares issued and outstanding (common stock)
- Number of shares issued and outstanding at the end of the period (including treasury stock): 47,758,500 shares as of March 31, 2022 and 47,758,500 shares as of June 30, 2022.
- Number of treasury stock at the end of the period: 4,196,064 shares as of March 31, 2022 and 4,196,064 shares as of June 30, 2022.
- Average number of shares issued and outstanding for the period: 43,535,068 shares for the three months ended June 30, 2021 and 43,562,436 shares for the three months ended June 30, 2022.
- This quarterly report is not subject to the quarterly review performed by certified public accountants or accounting firm.
- Appropriate use of forecasts and other matters
Descriptions and statements in relation to estimates and other forward-looking projections disclosed in this document are based on judgments and assumptions using information currently available to the Company. Actual results may differ significantly from such projections due to risks of uncertainty inherent in such judgments and assumptions as well as changes in business operations and the internal and external environment of the Company. As such, the Company does not guarantee the accuracy of any forward-looking projections disclosed.
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Contents of Appendix | ||
1. Qualitative Information Regarding Consolidated Results for the Three Months Ended | ||
(2) | Explanation of Financial Position ......................................................................................... | 6 |
(3) Explanation of Consolidated Business Forecast ................................................................... | 6 | |
2. Quarterly Consolidated Financial Statements and Major Notes............................................. | 7 | |
(1) | Quarterly Consolidated Balance Sheets ............................................................................... | 7 |
(2) | Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of | |
Comprehensive Income ......................................................................................................... | 9 | |
(3) Notes to Quarterly Consolidated Financial Statements .................................................... | 11 | |
Notes on Going Concern Assumption ..................................................................... | 11 | |
Notes on Significant Changes in Shareholders' Equity ......................................... | 11 | |
Application of Accounting Method Specific to Preparation of Quarterly | ||
Consolidated Financial Statements ......................................................................... | 11 | |
Changes in Accounting Policies ............................................................................... | 11 | |
Segment Information................................................................................................. | 12 |
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1. Qualitative Information Regarding Consolidated Results for the Three Months Ended June 30, 2022
(1) Explanation of Operating Results
Japanese economy during the three months ended June 30, 2022 showed signs of recovery, as the severe situation due to the effect of COVID-19 eased and the economic and social activities have gradually normalized. The global economy also continued to recover. Meanwhile, there are concerns about downside risks to the economy, including rising raw material prices, disruption of supply chain and the shortage of semiconductors due to rapid depreciation of Japanese Yen, prolonged situation in Ukraine and re-spreadingCOVID-19 in China.
Under such circumstances, the Group continues to make company-wide efforts to achieve the Midterm Business Plan 2023 (through the fiscal year ending March 31, 2024), by focusing on the following priority measures: i) enhancement of foundation field and expansion of growth field, ii) increase in R&D investment and iii) efforts of sustainable ESG.
The operating results of the Group for the three months ended June 30, 2022 are as the table below.
Both net sales and operating income increased year on year, as a result of steady growth in the EPC business and the North American subsidiaries in the overseas business, as well as the consolidation of K.K. Mizumusubi Management Miyagi in the PPP business. Ordinary income includes the ¥664 million of foreign exchange gain due to depreciation of Japanese Yen.
Our business consists mostly of the domestic public work projects for government agencies, which are typically developed and completed intensively in the fourth quarter. As a result, operating results for the first three months tend to be low, and this fiscal year is no exception.
Three months | Three months | Increase/ | Increase/ | |
ended | ended | (decrease) | (decrease) | |
June 30, 2021 | June 30, 2022 | |||
(Million yen) | (Million yen) | (Million yen) | (%) | |
Net sales | 15,934 | 19,918 | 3,983 | 25.0 |
Operating income | (2,828) | (1,932) | 895 | ― |
Ordinary income | (2,697) | (1,142) | 1,555 | ― |
Profit attributable to | (2,078) | (951) | 1,126 | ― |
owners of parent | ||||
Order received | 37,969 | 38,180 | 211 | 0.6 |
Order backlog | 191,045 | 204,292 | 13,246 | 6.9 |
The Group's business consists of two segments: Plant Engineering Business Segment including EPC (note 1) as foundation field and overseas business as growth field, and Service Solutions Business Segment including O&M (note 2) as foundation field and PPP (note 3) as growth field.
Operating results by segment are as follows:
Notes:
- EPC: Engineering, Procurement and Construction
- O&M: Operation and Maintenance
- PPP (Public-Private Partnership): the means for the private sector to participate in providing services to the public
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Metawater Co. Ltd. published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 06:31:11 UTC.