Note: This document has been translated from a part of 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 3, 2021
Consolidated Financial Results
for the Six Months Ended June 30, 2021
(Under Japanese GAAP)
Company name: | MODEC, INC. |
Listing: | Tokyo Stock Exchange |
Securities code: | 6269 |
URL: | http://www.modec.com |
Representative: | Takeshi Kanamori, President & CEO |
Inquiries: | Yasuhiro Takano, Executive Managing Officer |
Telephone: | +81-3-5290-1200 |
Scheduled date to file quarterly securities report: | August 4, 2021 |
Scheduled date to commence dividend payments: | September 7, 2021 |
Preparation of supplementary material on quarterly financial results: Yes | |
Holding of quarterly financial results briefing: | Yes |
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated financial results for the six months ended June 30, 2021 (from January 1, 2021 to June 30, 2021)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-on-year changes.) | ||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||
owners of parent | |||||||||||||
Six months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||
June 30, 2021 | 228,180 | - | (3,341) | - | 2,183 | - | 1,322 | - | |||||
June 30, 2020 | 156,446 | 5.4 | (12,090) | - | (8,935) | - | (9,645) | - |
Note: Comprehensive income | For the six months ended June 30, 2021: | ¥17,268 million | [-%] | ||
For the six months ended June 30, 2020: | (¥27,497) million | [-%] | |||
Basic earnings | Diluted earnings | ||||
per share | per share | ||||
Six months ended | Yen | Yen | |||
June 30, 2021 | 23.47 | - | |||
June 30, 2020 | (171.18) | - | |||
(2) Consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | ||
As of | Millions of yen | Millions of yen | % | |
June 30, 2021 | 380,092 | 106,535 | 27.1 | |
December 31, 2020 | 357,532 | 95,015 | 25.6 | |
Reference: Equity | ||||
As of June 30, 2021: | ¥102,982 million | |||
As of December 31, 2020: | ¥91,422 million |
2. Cash dividends
Annual dividends per share | ||||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | ||
Yen | Yen | Yen | Yen | Yen | ||
Fiscal year ended | - | 23.75 | 21.25 | 45.00 | ||
December 31, 2020 | ||||||
Fiscal year ending | - | 15.00 | ||||
December 31, 2021 | ||||||
Fiscal year ending | - | 15.00 | 30.00 | |||
December 31, 2021 | ||||||
(Forecast) | ||||||
Note: Revisions to the forecast of cash dividends most recently announced: None
3. Earnings forecast for FY2021 (January 1, 2021 - December 31, 2021)
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||
owners of parent | ||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||
Full Year | 400,000 | 29.1 | - | - | 10,000 | - | 5,000 | - |
Note: Revisions to the Earnings forecast most recently announced: None
* Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
- Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes
- Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
- 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 June 30, 2021 | 56,408,000 shares |
As of December 31, 2020 | 56,408,000 shares |
(ii) Number of treasury shares at the end of the period
As of June 30, 2021 | 45,100 shares |
As of December 31, 2020 | 54,232 shares |
- Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Six months ended June 30, 2021 | 56,356,166 shares |
Six months ended June 30, 2020 | 56,349,516 shares |
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
-
Proper use of earnings forecasts, and other special matters
The forecasts given above are based on information available at the time of compilation and are inherently subject to a variety of risks and uncertainties. Actual results may vary significantly from forecasts due to factors including, but not limited to, changes in the economic or business environment and exchange rate fluctuations.
MODEC, INC. and Consolidated Subsidiaries | |
CONSOLIDATED BALANCE SHEET | |
June 30, 2021 | |
A S S E T S | |
Millions of | |
CURRENT ASSETS: | Japanese yen |
¥56,944 | |
Cash and deposits | |
Accounts receivable-trade and contract assets | 156,810 |
Inventories | 871 |
Short-term loans receivable | 3,174 |
Other current assets | 19,721 |
Allowance for doubtful accounts | (1,393) |
Total current assets | 236,128 |
PROPERTY AND EQUIPMENT: | 33 |
Machinery and equipment | |
Other property and equipment | 4,340 |
Total property and equipment | 4,374 |
INTANGIBLE ASSETS: | 12,783 |
INVESTMENTS AND OTHER ASSETS: | 75,582 |
Investment securities | |
Long-term loans receivable from affiliates | 42,937 |
Other investments | 8,287 |
Total investments and other assets | 126,807 |
Total assets | ¥380,092 |
* The figures are rounded down to the nearest million yen.
LIABILITIES AND NET ASSETS
CURRENT LIABILITIES:
Accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Accrued expenses
Income taxes payable
Contract liabilities
Accrued employees' bonuses
Accrued directors' bonuses
Provision for loss on construction contracts
Provision for construction warranties
Provision for repairs
Other current liabilities
Total current liabilities
LONG-TERM LIABILITIES:
Long-term loans payable
Net defined benefit liabilities
Other long-term liabilities
Total long-term liabilities
Total liabilities
NET ASSETS:
SHAREHOLDERS' EQUITY:
Common stock;
Authorized - 102,868,000 shares
Issued - 56,408,000 shares
Capital surplus
Retained earnings
Treasury stock, at cost
Total shareholders' equity
ACCUMULATED OTHER COMPREHENSIVE INCOME: Unrealized gains (losses) on hedging derivatives, net of tax Foreign currency translation adjustment
Retirement liability adjustments for foreign consolidated subsidiaries Total accumulated other comprehensive income
NON-CONTROLLING INTERESTS
Total net assets
Total liabilities and net assets
* The figures are rounded down to the nearest million yen.
Millions of
Japanese yen
¥139,927 6,636 5,950 16,124 5,068 57,454
63
11
4,200
8,643
4,106
9,107
257,295
1,918
912
13,430
16,261
273,557
30,122
29,301
52,244
(140)
111,527
(10,958)
3,702
(1,289)
(8,544)
3,552
106,535 ¥380,092
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MODEC Inc. published this content on 03 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 09:55:10 UTC.