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.
August 7, 2023
Summary of Consolidated Financial Results for the Three Months Ended
June 30, 2023 (Under Japanese GAAP)
Company name: | Mitsubishi Gas Chemical Company, Inc. | |
Listing: | Tokyo Stock Exchange | |
Securities code: | 4182 | |
URL: | https://www.mgc.co.jp/eng/ | |
Representative: | Masashi Fujii, Representative Director, President | |
Inquiries: | Satoshi Takizawa, General Manager, Investor Relations Department | |
TEL: | +81-3-3283-5041 | |
Scheduled date to file quarterly securities report: | August 10, 2023 | |
Scheduled date to commence dividend payments: | - |
Presentation of supplementary material on quarterly financial results: Yes
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated financial results for the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)
(1) Summary of consolidated income statement (cumulative) | (Percentages indicate year-on-year changes.) | ||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||
owners of parent | |||||||||||||
Three months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||
June 30, 2023 | 187,008 | (3.6) | 6,211 | (67.0) | 7,025 | (71.8) | 19,844 | 23.2 | |||||
June 30, 2022 | 193,982 | 21.2 | 18,844 | 28.9 | 24,884 | 34.5 | 16,113 | 12.3 | |||||
Note: | Comprehensive income Three months ended June 30, 2023 | ¥31,831 million | [4.0%] | ||||||||||
Three months ended June 30, 2022 | ¥30,611 million | [81.0%] | |||||||||||
Basic earnings per | Diluted earnings per | ||||||||||||
share | share | ||||||||||||
Three months ended | Yen | Yen | |||||||||||
June 30, 2023 | 97.00 | - | |||||||||||
June 30, 2022 | 77.73 | - | |||||||||||
(2) Consolidated financial position | |||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||
As of | Millions of yen | Millions of yen | % | ||||||||||
June 30, 2023 | 1,109,722 | 703,457 | 56.7 | ||||||||||
March 31, 2023 | 1,029,317 | 671,249 | 59.0 | ||||||||||
Reference: Equity | |||||||||||||
As of June 30, 2023 | ¥629,750 million | ||||||||||||
As of March 31, 2023 | ¥607,613 million |
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2. Dividends
Annual dividend | |||||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | |||
Yen | Yen | Yen | Yen | Yen | |||
Fiscal year ended | - | 40.00 | - | 40.00 | 80.00 | ||
March 31, 2023 | |||||||
Fiscal year | |||||||
ending March 31, | - | ||||||
2024 | |||||||
Fiscal year | |||||||
ending March 31, | 40.00 | - | 40.00 | 80.00 | |||
2024 (Forecast) | |||||||
Note: | Revisions to the forecast most recently announced: No |
3. Consolidated business forecasts for the fiscal year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
(Percentages indicate year-on-year changes.)
Profit attributable to | Basic | ||||||||||
Net sales | Operating profit | Ordinary profit | earnings per | ||||||||
owners of parent | |||||||||||
share | |||||||||||
Millions of | % | Millions of | % | Millions of | % | Millions of | % | Yen | |||
yen | yen | yen | yen | ||||||||
Six months ending | |||||||||||
September 30, | 380,000 | (3.8) | 14,000 | (58.2) | 16,000 | (68.0) | 25,000 | (27.0) | 122.19 | ||
2023 (cumulative) | |||||||||||
Fiscal year ending | 840,000 | 7.5 | 46,000 | (6.2) | 49,000 | (29.8) | 47,000 | (4.2) | 229.71 | ||
March 31, 2024 | |||||||||||
Note: | Revisions to the forecast most recently announced: Yes |
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* Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
- Application of special accounting for preparing quarterly consolidated financial statements: 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 stock)
- Number of issued shares at term end (including treasury stock)
As of June 30, 2023 | 222,239,199 |
As of March 31, 2023 | 222,239,199 |
(ii) Number of shares of treasury stock at term-end
As of June 30, 2023 | 17,661,473 |
As of March 31, 2023 | 17,660,740 |
(iii) Average number of outstanding shares (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2023 | 204,578,056 |
Three months ended June 30, 2022 | 207,311,458 |
- Quarterly 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 concerning forward-looking statements)
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, any statements herein do not constitute assurances regarding actual results by the Company. A number of factors could cause actual results to differ materially from expectations.
(How to access supplementary material on quarterly financial results)
The supplementary material on quarterly financial results is disclosed on the same day as this quarterly financial results report, and it is made available on the Company's website.
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Consolidated Financial Statements
1. Consolidated Balance Sheets
(Millions of yen) | |||
As of March 31, 2023 | As of June 30, 2023 | ||
Assets | |||
Current assets | |||
Cash and deposits | 108,378 | 97,264 | |
Notes and accounts receivable - trade, | 176,626 | 186,456 | |
and contract assets | |||
Securities | 93 | 56 | |
Merchandise and finished goods | 89,367 | 126,331 | |
Work in process | 22,331 | 20,201 | |
Raw materials and supplies | 66,444 | 72,390 | |
Other | 20,775 | 28,338 | |
Allowance for doubtful accounts | △767 | △711 | |
Total current assets | 483,249 | 530,327 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 102,143 | 106,527 | |
Machinery, equipment and vehicles, net | 87,890 | 95,431 | |
Other, net | 123,733 | 133,629 | |
Total property, plant and equipment | 313,767 | 335,588 | |
Intangible assets | |||
Goodwill | 4,425 | 20,246 | |
Other | 7,555 | 8,393 | |
Total intangible assets | 11,980 | 28,639 | |
Investments and other assets | |||
Investment securities | 200,101 | 193,692 | |
Other | 22,141 | 23,446 | |
Allowance for doubtful accounts | △1,922 | △1,973 | |
Total investments and other assets | 220,320 | 215,165 | |
Total non-current assets | 546,068 | 579,394 | |
Total assets | 1,029,317 | 1,109,722 | |
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(Millions of yen) | ||
As of March 31, 2023 | As of June 30, 2023 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 88,342 | 102,965 |
Short-term borrowings | 47,913 | 69,655 |
Income taxes payable | 5,274 | 3,976 |
Provisions | 6,714 | 4,449 |
Other | 72,197 | 77,960 |
Total current liabilities | 220,442 | 259,007 |
Non-current liabilities | ||
Bonds payable | 20,000 | 20,000 |
Long-term borrowings | 74,680 | 79,297 |
Provisions | 3,383 | 2,921 |
Retirement benefit liability | 4,453 | 5,943 |
Asset retirement obligations | 5,272 | 5,368 |
Other | 29,835 | 33,727 |
Total non-current liabilities | 137,625 | 147,257 |
Total liabilities | 358,068 | 406,264 |
Net assets | ||
Shareholders' equity | ||
Share capital | 41,970 | 41,970 |
Capital surplus | 34,293 | 35,496 |
Retained earnings | 521,426 | 533,088 |
Treasury shares | △23,838 | △23,839 |
Total shareholders' equity | 573,852 | 586,715 |
Accumulated other comprehensive income | ||
Valuation difference on available-for- | 8,950 | 10,298 |
sale securities | ||
Deferred gains or losses on hedges | 110 | 58 |
Foreign currency translation adjustment | 22,894 | 30,996 |
Remeasurements of defined benefit plans | 1,805 | 1,681 |
Total accumulated other comprehensive | 33,760 | 43,034 |
income | ||
Non-controlling interests | 63,636 | 73,707 |
Total net assets | 671,249 | 703,457 |
Total liabilities and net assets | 1,029,317 | 1,109,722 |
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MGC - Mitsubishi Gas Chemical Co. Inc. published this content on 07 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2023 06:05:52 UTC.