Corporate Name: Nifco Inc. (URL: https://www.nifco.com/en/) | July 31, 2023 |
Stock Exchange: Prime Market; Code Number: 7988 | |
President & CEO: Masaharu Shibao | |
Inquiries to: Toshiki Yauchi, Director, Senior Executive Managing Officer & CFO (+81-3-5476-4853) | |
Shihanki-Hokokusho to be submitted on: August 9, 2023 |
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Summary of Consolidated Financial Results
for First Quarter of Fiscal Year Ending March 31, 2024
(These figures are rounded down to the nearest million yen.)
1. Consolidated Financial Results for First Quarter of FY2023 (April 1 to June 30, 2023)
(1) Consolidated financial results
Net sales | Operating profit | Ordinary profit | ||||||||
Million yen | % | Million yen | % | Million yen | % | |||||
First Qtr. FY2023 | 87,977 | 21.1 | 10,146 | 28.0 | 13,408 | 19.3 | ||||
First Qtr. FY2022 | 72,648 | 3.2 | 7,928 | -10.9 | 11,243 | 18.9 | ||||
Note: | Comprehensive income: 11,240 million yen in First Qtr. FY2023 (-25.3%), | 15,039 million yen in First Qtr. FY2022 (27.1%) | ||||||||
Profit attributable to | Basic earning per share | Diluted earning per share | ||||||||
owners of parent | ||||||||||
Million yen | % | Yen | Yen | |||||||
First Qtr. FY2023 | 9,728 | 21.1 | 97.50 | ― | ||||||
First Qtr. FY2022 | 8,035 | 31.7 | 80.22 | ― | ||||||
Note: | Diluted profit attributable to owners of parent per share of First Qtr. FY2023 and First Qtr. FY2022 are not shown in the | |||||||||
above table, as there are no potential common shares with dilution effect. |
(2) Consolidated financial position
Total assets | Net assets | Net assets ratio | Net assets per share | ||
Million yen | Million yen | % | Yen | ||
First Qtr. FY2023 | 355,472 | 233,215 | 64.8 | 2,311.19 | |
FY2022 | 359,150 | 226,127 | 62.2 | 2,237.06 | |
Reference: Equity capital: | 230,512 million yen in First Qtr. FY2023, | 223,551 million yen in FY2022 |
2. Dividends
Dividend per share | |||||||||||
At end of first | At end of second | At end of third | At end of FY | FY | |||||||
quarter | quarter | quarter | |||||||||
Yen | Yen | Yen | Yen | Yen | |||||||
FY2022 | ― | 31.00 | ― | 33.00 | 64.00 | ||||||
FY2023 | ― | ||||||||||
FY2023 (forecast) | 32.00 | ― | 32.00 | 64.00 | |||||||
Note: Revision of the latest forecast of cash dividends: None |
3. Forecasts for FY2023 (April 1, 2023 to March 31, 2024) | (The percentages denote year-on-year change.) | |||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earning per | ||||||||
owners of parent | share | |||||||||||
Million | % | Million | % | Million | % | Million yen | % | Yen | ||||
yen | yen | yen | ||||||||||
FY2023 | 343,000 | 6.6 | 38,000 | 10.3 | 38,300 | 1.1 | 23,500 | 11.0 | 235.59 | |||
Note: | Revision of the latest forecasts: Yes |
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4. Others
- Changes in principal subsidiaries during the fiscal year (changes in specific subsidiaries, which involve changes in the scope of consolidation): None
New consolidation: - company (company name): - | Exclusion: ‐ company (company name): - |
- Adoption of specific accounting policies for quarterly consolidated financial statement: Yes
- Changes in the principles and procedures of accounting concerning the preparation of consolidated financial statements and in the methods of presentation, etc. (stated in "Changes in Significant Accounting Policies for Preparing Consolidated Financial
Statements")
1) | Changes following the revision of accounting standards, etc.: | None |
2) | Changes other than 1): | None |
3) | Changes in accounting estimates: | None |
4) | Retrospective restatement: | None |
- Number of shares outstanding (common stocks)
- Number of shares outstanding at end of the period (including treasury stocks): 107,508,954 in First Qtr. FY2023; 107,508,954 in FY2022.
- Number of treasury stocks at end of the period: 7,771,222 in First Qtr. FY2023; 7,577,913 in FY2022.
- Average number of shares outstanding during the period: 99,780,742 in First Qtr. FY2023; 100,171,484 in First Qtr. FY2022.
*Quarterly financial results reports are exempt from quarterly review conducted by certificated public accountants or an audit corporation.
- Proper use of forecasts and other special instructions
Forward-looking statements or projections included in this document, including earnings projections, are based on currently available information and certain premises that are judged to be rational at the time of this writing. Actual results may differ greatly from the forecast figures depending on various factors.
(Consolidated Financial Statements)
Segment Information | |||||
[Business segment information] | |||||
- For the First Quarter of FY2022 (April 1 to June 30, 2022) | (Unit: Millions of yen) | ||||
Reportable segments | Elimination | ||||
Industrial plastic parts | Bedding & furniture | Total | & corporate | Consolidated figures | |
& components | expenses | ||||
Net sales and segment profit (loss) | |||||
Net sales | |||||
(1) Sales to customers | 65,239 | 7,408 | 72,648 | - | 72,648 |
(2) Inter-segment sales | - | 0 | 0 | -0 | - |
Total | 65,239 | 7,408 | 72,648 | -0 | 72,648 |
Segment profit (loss) | 7,866 | 1,302 | 9,169 | -1,240 | 7,928 |
- For the First Quarter of FY2023 (April 1 to June 30, 2023) | (Unit: Millions of yen) | ||||
Reportable segments | Elimination | ||||
Industrial plastic parts | Bedding & furniture | Total | & corporate | Consolidated figures | |
& components | expenses | ||||
Net sales and segment profit (loss) | |||||
Net sales | |||||
(1) Sales to customers | 79,826 | 8,150 | 87,977 | - | 87,977 |
(2) Inter-segment sales | - | - | - | - | - |
Total | 79,826 | 8,150 | 87,977 | - | 87,977 |
Segment profit (loss) | 10,092 | 1,371 | 11,463 | -1,317 | 10,146 |
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Nifco Inc. published this content on 31 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2023 07:59:27 UTC.