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 Non-consolidated Financial Results for the First Half Ended December 31, 2021
(Based on Japanese Accounting Standards)
February 10, 2022 | |
Company Name: | Net Marketing Co. Ltd. |
Stock Exchange Listing: | Tokyo Stock Exchange |
Code Number: | 6175 |
URL: | https://www.net-marketing.co.jp/ |
Representative: | Kunihisa Miyamoto, Representative Director and CEO |
Contact: | Koji Mimura, Director and CFO |
(TEL) | +81-3-6894-0139 |
Scheduled date to submit the quarterly report: | February 10, 2022 |
Scheduled date of the start of dividend payments: | ‒ |
Supplementary documents for quarterly results: | Yes |
Quarterly results briefing: | Yes (for institutional investors, securities analysts, the press) |
(Amounts of less than one million yen are rounded down.) |
1. Financial Results for the First Half Ended December 31, 2021 (from July 1, 2021 to December 31, 2021)
(1) Financial Results | (Percentages show year-on-year changes.) | ||||||||||
Net sales | Operating income | Ordinary income | Net income | ||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||
First half ended | 2,592 | - | 308 | - | 315 | - | 253 | - | |||
December 31, 2021 | |||||||||||
First half ended | 6,671 | (13.9) | 247 | (51.3) | 255 | (50.1) | 172 | (51.0) | |||
December 31, 2020 | |||||||||||
Net income | Diluted net income | ||||||||||
per share | per share | ||||||||||
Yen | Yen | ||||||||||
First half ended | 16.96 | 16.86 | |||||||||
December 31, 2021 | |||||||||||
First half ended | 11.65 | 11.47 | |||||||||
December 31, 2020 | |||||||||||
Because the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan (ASBJ) Statement No. 29), and other regulations have been applied from the beginning of the fiscal year ending June 30, 2022, year-on-year changes in the aforementioned net sales, operating income, ordinary income and net income are not stated.
(2) Financial Position | ||||
Total assets | Net assets | Ratio of shareholders' | ||
equity to total assets | ||||
Million yen | Million yen | % | ||
As of December 31, 2021 | 5,700 | 3,178 | 55.8 | |
As of June 30, 2021 | 5,321 | 3,012 | 56.6 | |
(Reference) Shareholders' equity: | As of December 31, 2021: | 3,178 million yen | ||
As of June 30, 2021: | 3,012 million yen |
2. Dividends
Dividends per share | |||||
End of 1st quarter | End of 2nd quarter | End of 3rd quarter | Year end | Annual | |
Yen | Yen | Yen | Yen | Yen | |
Year ended June 30, 2021 | - | 0.00 | - | 6.00 | 6.00 |
Year ending June 30, 2022 | - | 0.00 | |||
Year ending June 30, 2022 | - | 6.00 | 6.00 | ||
(forecast) | |||||
(Note) Revisions to dividend forecasts published most recently: No |
―1―
3. Financial Results Forecasts for the Fiscal Year Ending June 30, 2022 (from July 1, 2021 to June 30, 2022)
(Percentages show year-on-year changes.)
Net sales | Operating income | Ordinary income | Net income | Net income | |||||
per share | |||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
Year ending June 30, 2022 | 5,785 | - | 500 | - | 500 | - | 375 | - | 25.11 |
(Note) Revisions to results forecasts published most recently: No
Because the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan (ASBJ) Statement No. 29), and other regulations have been applied from the beginning of the fiscal year ending June 30, 2022, the financial results forecasts above reflect the application of the Accounting Standard and other regulations. Therefore, year-on-year changes are not stated.
* NOTE
- Application of Particular Accounting Treatment Concerning Preparation of Quarterly Financial Statements: None
- Changes in Accounting Principles, Changes in Accounting Estimates, and Retrospective Restatements
- Changes in accounting principles accompanying the amendment of accounting standards: Yes
- Changes other than those in (i) above: None
- Changes in accounting estimates: None
- Retrospective restatements: None
- Number of Shares Issued (Common shares)
- Number of shares issued at the end of the period (including treasury stock)
As of December 31, 2021: | 14,942,200 shares |
As of June 30, 2021: | 14,934,800 shares |
(ii) Number of treasury stock at the end of the period | |
As of December 31, 2021: | 188 shares |
As of June 30, 2021: | 188 shares |
(iii) Average number of shares issued during the period | |
First half ended December 31, 2021: | 14,939,445 shares |
First half ended December 31, 2020: | 14,796,612 shares |
- The summaries of financial results are positioned outside the scope of a quarterly review by certified public accountants and audit firm.
-
Explanations Regarding the Appropriate Use of Financial Results Forecasts and Other Items Worthy of Special Mention Forward-Looking Statements>
Forward-looking statements in this summary, such as financial results forecasts, are based on information available to the Company at present and certain assumptions the Company judges to be rational. Those descriptions do not mean that the Company promises their achievement. Actual financial results and the like may also differ significantly from those descriptions depending on various factors.
The Company will hold a results briefing (online) for institutional investors, securities analysts and news media on Tuesday, February 22, 2022. The Company will publish supplementary materials for explaining the financial results through the Company Announcements Disclosure Service of the Tokyo Stock Exchange and on its official website on Thursday, February 10, 2022.
―2―
Quarterly Financial Statements
(1) Quarterly Balance Sheets
(Unit: Thousand yen)
Previous fiscal year | End of first half of the | |||
fiscal year under review | ||||
(As of June 30, 2021) | ||||
(As of December 31, 2021) | ||||
Assets | ||||
Current assets | ||||
Cash and deposits | 3,365,770 | 3,895,635 | ||
Accounts receivable - trade | 1,297,360 | 1,146,692 | ||
Other | 145,959 | 161,492 | ||
Allowance for doubtful accounts | (10) | (9) | ||
Total current assets | 4,809,080 | 5,203,811 | ||
Non-current assets | ||||
Property, plant and equipment | 99,453 | 92,838 | ||
Intangible assets | 113,808 | 104,930 | ||
Investments and other assets | 299,548 | 298,760 | ||
Total non-current assets | 512,810 | 496,528 | ||
Total assets | 5,321,891 | 5,700,340 | ||
Liabilities | ||||
Current liabilities | ||||
Accounts payable - trade | 1,560,138 | 1,627,321 | ||
Income taxes payable | 32,759 | 129,490 | ||
Other | 716,006 | 765,246 | ||
Total current liabilities | 2,308,904 | 2,522,059 | ||
Total liabilities | 2,308,904 | 2,522,059 | ||
Net assets | ||||
Shareholders' equity | ||||
Capital stock | 414,539 | 415,331 | ||
Capital surplus | 404,539 | 405,331 | ||
Retained earnings | 2,194,043 | 2,357,753 | ||
Treasury shares | (135) | (135) | ||
Total shareholders' equity | 3,012,986 | 3,178,281 | ||
Total net assets | 3,012,986 | 3,178,281 | ||
Total liabilities and net assets | 5,321,891 | 5,700,340 | ||
―3―
(2) Quarterly Statement of Income (First six-month period)
(Unit: Thousand yen) | ||||||
First half of the | First half of the | |||||
previous fiscal year | fiscal year under review | |||||
(From July 1, 2020 | (From July 1, 2021 | |||||
to December 31, 2020) | to December 31, 2021) | |||||
Net sales | 6,671,548 | 2,592,613 | ||||
Cost of sales | 4,454,028 | 634,697 | ||||
Gross profit | 2,217,520 | 1,957,915 | ||||
Selling, general and administrative expenses | 1,970,009 | 1,649,747 | ||||
Operating income | 247,511 | 308,168 | ||||
Non-operating income | ||||||
Interest income | 15 | 15 | ||||
Rewards income | 1,731 | 2,878 | ||||
Subsidy income | 6,630 | - | ||||
Insurance claim income | - | 4,499 | ||||
Other | 309 | 225 | ||||
Total non-operating income | 8,686 | 7,620 | ||||
Non-operating expenses | ||||||
Interest expenses | 153 | - | ||||
Foreign exchange losses | 68 | 73 | ||||
Other | 3 | 0 | ||||
Total non-operating expenses | 224 | 74 | ||||
Ordinary income | 255,972 | 315,714 | ||||
Extraordinary income | ||||||
Insurance claim income | - | 100,000 | ||||
Total extraordinary income | - | 100,000 | ||||
Extraordinary losses | ||||||
Information security expenses | - | 45,660 | ||||
Total extraordinary losses | - | 45,660 | ||||
Net income before income taxes | 255,972 | 370,053 | ||||
Income taxes - current | 62,661 | 117,588 | ||||
Income taxes - deferred | 20,939 | (852) | ||||
Total income taxes | 83,601 | 116,736 | ||||
Net income | 172,371 | 253,317 | ||||
―4―
(3) Quarterly Statement of Cash Flows (First six-month period)
(Unit: Thousand yen) | |||||
First half of the | First half of the | ||||
previous fiscal year | fiscal year under review | ||||
(From July 1, 2020 | (From July 1, 2021 | ||||
to December 31, 2020) | to December 31, 2021) | ||||
Cash flows from operating activities | |||||
Net income before income taxes | 255,972 | 370,053 | |||
Depreciation | 8,152 | 14,484 | |||
Amortization of goodwill | 5,256 | 5,256 | |||
Insurance claim income | - | (104,499) | |||
Information security expenses | - | 45,660 | |||
Increase (decrease) in allowance for doubtful accounts | (2) | (1) | |||
Interest income | (15) | (15) | |||
Interest expenses | 153 | - | |||
Decrease (increase) in notes and accounts receivable - trade | 329,807 | 150,667 | |||
Increase (decrease) in notes and accounts payable - trade | (135,691) | 67,182 | |||
Other, net | 258,471 | 80,179 | |||
Subtotal | 722,103 | 628,968 | |||
Interest income received | 15 | 15 | |||
Interest paid | (150) | - | |||
Income taxes paid | (201,043) | (25,456) | |||
Proceeds from insurance income | - | 104,499 | |||
Information security expenses paid | - | (84,060) | |||
Net cash provided by (used in) operating activities | 520,925 | 623,966 | |||
Cash flows from investing activities | |||||
Purchase of property, plant and equipment | (2,419) | (1,477) | |||
Purchase of intangible assets | (43,704) | (4,641) | |||
Other, net | (10,500) | - | |||
Net cash provided by (used in) investing activities | (56,623) | (6,119) | |||
Cash flows from financing activities | |||||
Repayments of long-term loans payable | (39,996) | - | |||
Dividends paid | (88,468) | (89,566) | |||
Proceeds from issuance of shares resulting from exercise of | - | 1,584 | |||
share acquisition rights | |||||
Net cash provided by (used in) financing activities | (128,464) | (87,982) | |||
Net increase (decrease) in cash and cash equivalents | 335,836 | 529,864 | |||
Cash and cash equivalents at beginning of period | 3,214,015 | 3,365,770 | |||
Cash and cash equivalents at end of period | 3,549,852 | 3,895,635 | |||
―5―
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Net Marketing Co. Ltd. published this content on 18 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2022 06:50:08 UTC.