Consolidated Financial Statements
(For the First Quarter of FY2024)
Consolidated Balance Sheets
(Millions of Yen) | ||
FY2023 | Current First Quarter | |
As of March 31, 2023 | As of June 30, 2023 | |
Assets | ||
Current assets: | ||
Cash and deposits | 40,244 | 23,226 |
Notes receivable, accounts receivable from completed | ||
construction contracts and other | 132,454 | 125,764 |
Securities | 10,000 | 25,000 |
Real estate for sale | 959 | 880 |
Costs on construction contracts in progress | 3,180 | 4,474 |
Costs on real estate investment, development business and | ||
other | 796 | 835 |
Work in process | 1,230 | 1,352 |
Raw materials and supplies | 744 | 597 |
Other | 9,386 | 7,782 |
Allowance for doubtful accounts | (142) | (585) |
Total current assets | 198,855 | 189,328 |
Non-current assets: | ||
Property, plant and equipment: | ||
Land | 34,667 | 35,043 |
Other, net | 42,454 | 41,972 |
Total property, plant and equipment | 77,122 | 77,015 |
Intangible assets: | ||
Goodwill | 378 | 371 |
Other | 1,304 | 1,241 |
Total intangible assets | 1,683 | 1,612 |
Investments and other assets: | ||
Investment securities | 54,913 | 61,637 |
Retirement benefit asset | 4,435 | 4,418 |
Other | 8,662 | 11,693 |
Allowance for doubtful accounts | (1,943) | (1,939) |
Total investments and other assets | 66,067 | 75,809 |
Total non-current assets | 144,872 | 154,437 |
Total assets | 343,727 | 343,765 |
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(Millions of Yen) | ||
FY2023 | Current First Quarter | |
As of March 31, 2023 | As of June 30, 2023 | |
Liabilities | ||
Current liabilities: | ||
Notes payable, accounts payable for construction contracts | ||
and other | 50,268 | 45,266 |
Short-term borrowings | 10,708 | 10,601 |
Income taxes payable | 3,050 | 1,021 |
Advances received on construction contracts in progress | 12,594 | 14,458 |
Provisions | 4,005 | 1,681 |
Provision for loss on construction contracts | 1,566 | 1,244 |
Asset retirement obligations | 83 | 83 |
Other | 46,771 | 49,820 |
Total current liabilities | 129,048 | 124,179 |
Non-current liabilities: | ||
Long-term borrowings | 3,110 | 3,110 |
Non-recourse borrowings | 26,003 | 24,632 |
Provisions | ― | 37 |
Asset retirement obligations | 300 | 302 |
Other | 12,050 | 15,348 |
Total non-current liabilities | 41,463 | 43,430 |
Total liabilities | 170,511 | 167,610 |
Net assets | ||
Shareholders' equity: | ||
Share capital | 19,838 | 19,838 |
Capital surplus | 26,240 | 26,433 |
Retained earnings | 103,827 | 100,314 |
Treasury shares | (5,185) | (5,381) |
Total shareholders' equity | 144,720 | 141,205 |
Accumulated other comprehensive income: | ||
Valuation difference on available-for-sale securities | 24,801 | 29,545 |
Deferred gains or losses on hedges | 1,829 | 2,840 |
Remeasurements of defined benefit plans | 662 | 595 |
Total accumulated other comprehensive income | 27,293 | 32,981 |
Non-controlling interests | 1,201 | 1,968 |
Total net assets | 173,215 | 176,155 |
Total liabilities and net assets | 343,727 | 343,765 |
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Consolidated Statements of Income (Three-month Period Ended June 30)
(Millions of Yen) | |
1Q / FY2023 | 1Q / FY2024 |
April 1, 2022 through | April 1, 2023 through |
June 30, 2022 | June 30, 2023 |
Net sales: | ||
Net sales of completed construction contracts | 48,941 | 60,234 |
Net sales of real estate investment, development business and | ||
other | 1,771 | 4,444 |
Total net sales | 50,713 | 64,678 |
Cost of sales: | ||
Cost of sales of completed construction contracts | 43,779 | 54,117 |
Cost of real estate investment, development business and other | 886 | 3,489 |
Total cost of sales | 44,666 | 57,606 |
Gross profit: | ||
Gross profit on completed construction contracts | 5,161 | 6,116 |
Gross profit on real estate investment, development business | ||
and other | 885 | 955 |
Total gross profit | 6,047 | 7,071 |
Selling, general and administrative expenses | 4,721 | 5,670 |
Operating profit | 1,326 | 1,401 |
Non-operating income: | ||
Interest income | 6 | 13 |
Dividend income | 675 | 690 |
Foreign exchange gains | 320 | 243 |
Other | 97 | 57 |
Total non-operating income | 1,099 | 1,004 |
Non-operating expenses: | ||
Interest expenses | 113 | 150 |
Other | 6 | 6 |
Total non-operating expenses | 120 | 157 |
Ordinary profit | 2,305 | 2,248 |
Extraordinary income: | ||
Gain on sale of non-current assets | 18 | 318 |
Gain on sale of investment securities | 444 | 910 |
Total extraordinary income | 463 | 1,228 |
Extraordinary losses: | ||
Loss on valuation of investment securities | 18 | ― |
Loss on retirement of non-current assets | 4 | 0 |
Total extraordinary losses | 22 | 0 |
Profit before income taxes | 2,746 | 3,477 |
Income taxes - current | 496 | 1,111 |
Income taxes - deferred | 409 | 343 |
Total income taxes | 906 | 1,454 |
Profit | 1,839 | 2,022 |
Loss attributable to non-controlling interests | (154) | (243) |
Profit attributable to owners of parent | 1,994 | 2,265 |
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Consolidated Statements of Comprehensive Income
(Three-month Period Ended June 30)
(Millions of Yen) | |
1Q / FY2023 | 1Q / FY2024 |
April 1, 2022 through | April 1, 2023 through |
June 30, 2022 | June 30, 2023 |
Profit | 1,839 | 2,022 |
Other comprehensive income: | ||
Valuation difference on available-for-sale securities | 983 | 4,744 |
Deferred gains or losses on hedges | 2,131 | 2,021 |
Remeasurements of defined benefit plans, net of tax | (97) | (66) |
Total other comprehensive income | 3,017 | 6,698 |
Comprehensive income | 4,857 | 8,721 |
Comprehensive income attributable to: | ||
Comprehensive income attributable to owners of parent | 3,945 | 7,953 |
Comprehensive income attributable to non-controlling interests | 911 | 767 |
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Breakdown of Orders (Nonconsolidated)
Construction orders awarded
Net sales | Construction business |
Period-end backlog
1Q / FY2023 | |||
April 1, 2022 through | |||
June 30, 2022 | |||
engineering | % | ||
Domestic public sector | 3,893 | 45.2 | |
Domestic private sector | 4,521 | 52.5 | |
Civil | Overseas | 193 | 2.3 |
Subtotal | 8,608 | 100 | |
Architectural construction | Domestic public sector | 818 | 8.3 |
Domestic private sector | 10,059 | 102.6 | |
Overseas | (1,072) | (10.9) | |
Subtotal | 9,805 | 100 | |
Domestic public sector | 4,712 | 25.6 | |
Total | Domestic private sector | 14,581 | 79.2 |
Overseas | (879) | (4.8) | |
Total | 18,413 | 100 | |
engineering | Domestic public sector | 14,451 | 72.9 |
Domestic private sector | 4,577 | 23.1 | |
Civil | Overseas | 801 | 4.0 |
Subtotal | 19,830 | 100 | |
Architectural construction | Domestic public sector | 6,424 | 22.1 |
Domestic private sector | 22,425 | 77.0 | |
Overseas | 260 | 0.9 | |
Subtotal | 29,111 | 100 | |
Subtotal | Domestic public sector | 20,876 | 42.6 |
Overseas | 1,062 | 2.2 | |
Domestic private sector | 27,003 | 55.2 | |
Subtotal | 48,941 | 100 | |
Real estate investment, | 1,268 | 2.5 | |
development business and other | |||
Total | 50,210 | 100 | |
engineering | Domestic public sector | 108,106 | 57.1 |
Domestic private sector | 66,236 | 35.0 | |
Civil | Overseas | 14,904 | 7.9 |
Subtotal | 189,246 | 100 | |
Architectural construction | Domestic public sector | 45,440 | 33.6 |
Domestic private sector | 89,644 | 66.4 | |
Overseas | - | - | |
Subtotal | 135,084 | 100 | |
Domestic public sector | 153,546 | 47.3 | |
Total | Domestic private sector | 155,880 | 48.1 |
Overseas | 14,904 | 4.6 | |
Total | 324,331 | 100 |
(Millions of Yen) | |||||
1Q / FY2024 | Change | % Change | |||
April 1, 2023 through | Increase | Increase | |||
June 30, 2023 | (Decrease) | (Decrease) | |||
% | % | % | % | ||
15,640 | 45.9 | 11,746 | 301.7 | ||
46.8 | 6,803 | 19.9 | 32.3 | 2,282 | 50.5 |
11,658 | 34.2 | 11,465 | - | ||
34,103 | 100 | 25,494 | 296.1 | ||
3,056 | 4.3 | 2,237 | 273.6 | ||
53.2 | 68,464 | 95.7 | 67.7 | 58,404 | 580.6 |
- | - | 1,072 | - | ||
71,520 | 100 | 61,715 | 629.4 | ||
18,696 | 17.7 | 13,984 | 296.8 | ||
100 | 75,268 | 71.3 | 100 | 60,686 | 416.2 |
11,658 | 11.0 | 12,538 | - | ||
105,623 | 100 | 87,209 | 473.6 | ||
[40.5] | 14,776 | 64.1 | [38.3] | 325 | 2.3 |
6,515 | 28.3 | 1,937 | 42.3 | ||
1,759 | 7.6 | 958 | 119.5 | ||
39.5 | 23,051 | 100 | 37.4 | 3,220 | 16.2 |
[59.5] | 5,067 | 13.6 | [61.7] | (1,357) | (21.1) |
32,114 | 86.4 | 9,689 | 43.2 | ||
- | - | (260) | - | ||
58.0 | 37,182 | 100 | 60.4 | 8,071 | 27.7 |
[100] | 19,844 | 33.0 | [100] | (1,032) | (4.9) |
38,630 | 64.1 | 11,627 | 43.1 | ||
1,759 | 2.9 | 697 | 65.6 | ||
97.5 | 60,234 | 100 | 97.8 | 11,292 | 23.1 |
1,335 | 2.2 | 66 | 5.3 | ||
61,569 | 100 | 11,358 | 22.6 | ||
102,854 | 50.9 | (5,252) | (4.9) | ||
58.3 | 66,758 | 33.0 | 45.6 | 522 | 0.8 |
32,490 | 16.1 | 17,586 | 118.0 | ||
202,103 | 100 | 12,856 | 6.8 | ||
43,992 | 18.2 | (1,447) | (3.2) | ||
41.7 | 197,421 | 81.8 | 54.4 | 107,776 | 120.2 |
- | - | - | - | ||
241,413 | 100 | 106,328 | 78.7 | ||
146,846 | 33.1 | (6,700) | (4.4) | ||
100 | 264,179 | 59.6 | 100 | 108,298 | 69.5 |
32,490 | 7.3 | 17,586 | 118.0 | ||
443,516 | 100 | 119,185 | 36.7 |
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Okumura Corporation published this content on 07 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2023 09:26:33 UTC.