Consolidated Financial Statements
(For the Second Quarter of FY2023)
Consolidated Balance Sheets
(Millions of Yen) | ||
FY2022 | Current Second Quarter | |
As of March 31, 2022 | As of September 30, 2022 | |
Assets | ||
Current assets: | ||
Cash and deposits | 33,156 | 25,386 |
Notes receivable, accounts receivable from completed | ||
construction contracts and other | 142,296 | 128,577 |
Securities | ― | 10,000 |
Real estate for sale | 1,081 | 825 |
Costs on construction contracts in progress | 2,612 | 4,288 |
Costs on real estate investment, development business and | ||
other | 982 | 1,031 |
Work in process | 696 | 1,218 |
Raw materials and supplies | 92 | 681 |
Other | 11,248 | 13,746 |
Allowance for doubtful accounts | (152) | (139) |
Total current assets | 192,014 | 185,617 |
Non-current assets: | ||
Property, plant and equipment: | ||
Land | 34,666 | 34,666 |
Other, net | 38,709 | 42,567 |
Total property, plant and equipment | 73,376 | 77,234 |
Intangible assets: | ||
Goodwill | 408 | 393 |
Other | 724 | 1,261 |
Total intangible assets | 1,132 | 1,655 |
Investments and other assets: | ||
Investment securities | 56,629 | 57,471 |
Retirement benefit asset | 5,076 | 5,057 |
Other | 6,074 | 10,696 |
Allowance for doubtful accounts | (1,956) | (1,950) |
Total investments and other assets | 65,825 | 71,275 |
Total non-current assets | 140,334 | 150,165 |
Total assets | 332,348 | 335,782 |
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(Millions of Yen) | ||
FY2022 | Current Second Quarter | |
As of March 31, 2022 | As of September 30, 2022 | |
Liabilities | ||
Current liabilities: | ||
Notes payable, accounts payable for construction contracts | ||
and other | 51,328 | 49,450 |
Short-term borrowings | 9,480 | 11,365 |
Income taxes payable | 1,656 | 1,881 |
Advances received on construction contracts in progress | 11,536 | 12,349 |
Provisions | 4,354 | 2,765 |
Provision for loss on construction contracts | 973 | 1,626 |
Asset retirement obligations | 83 | 84 |
Other | 47,397 | 40,740 |
Total current liabilities | 126,810 | 120,264 |
Non-current liabilities: | ||
Long-term borrowings | 5,112 | 3,111 |
Non-recourse borrowings | 21,062 | 26,439 |
Asset retirement obligations | 90 | 193 |
Other | 11,846 | 13,964 |
Total non-current liabilities | 38,112 | 43,708 |
Total liabilities | 164,923 | 163,973 |
Net assets | ||
Shareholders' equity: | ||
Share capital | 19,838 | 19,838 |
Capital surplus | 26,240 | 26,240 |
Retained earnings | 101,710 | 98,916 |
Treasury shares | (8,061) | (5,182) |
Total shareholders' equity | 139,727 | 139,812 |
Accumulated other comprehensive income: | ||
Valuation difference on available-for-sale securities | 24,665 | 25,704 |
Deferred gains or losses on hedges | 1,099 | 2,764 |
Remeasurements of defined benefit plans | 1,465 | 1,269 |
Total accumulated other comprehensive income | 27,229 | 29,737 |
Non-controlling interests | 467 | 2,258 |
Total net assets | 167,425 | 171,809 |
Total liabilities and net assets | 332,348 | 335,782 |
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Consolidated Statements of Income (Six-month Period Ended September 30)
(Millions of Yen) | |
2Q / FY2022 | 2Q / FY2023 |
April 1, 2021 through | April 1, 2022 through |
September 30, 2021 | September 30, 2022 |
Net sales: | ||
Net sales of completed construction contracts | 105,831 | 106,710 |
Net sales of real estate investment, development business and | ||
other | 6,479 | 4,432 |
Total net sales | 112,310 | 111,143 |
Cost of sales: | ||
Cost of sales of completed construction contracts | 92,143 | 95,465 |
Cost of real estate investment, development business and other | 4,379 | 2,682 |
Total cost of sales | 96,522 | 98,148 |
Gross profit: | ||
Gross profit on completed construction contracts | 13,687 | 11,245 |
Gross profit on real estate investment, development business | ||
and other | 2,100 | 1,749 |
Total gross profit | 15,787 | 12,995 |
Selling, general and administrative expenses | 9,073 | 9,313 |
Operating profit | 6,714 | 3,681 |
Non-operating income: | ||
Interest income | 15 | 11 |
Dividend income | 636 | 676 |
Foreign exchange gains | 143 | 268 |
Other | 144 | 135 |
Total non-operating income | 938 | 1,091 |
Non-operating expenses: | ||
Interest expenses | 186 | 239 |
Other | 18 | 26 |
Total non-operating expenses | 204 | 266 |
Ordinary profit | 7,448 | 4,506 |
Extraordinary income: | ||
Gain on sale of investment securities | 550 | 1,035 |
Other | 0 | 18 |
Total extraordinary income | 550 | 1,053 |
Extraordinary losses: | ||
Loss on valuation of investment securities | 6 | 18 |
Other | 2 | 4 |
Total extraordinary losses | 8 | 22 |
Profit before income taxes | 7,990 | 5,537 |
Income taxes - current | 2,083 | 1,578 |
Income taxes - deferred | 621 | 391 |
Total income taxes | 2,704 | 1,969 |
Profit | 5,285 | 3,567 |
Loss attributable to non-controlling interests | (327) | (354) |
Profit attributable to owners of parent | 5,613 | 3,921 |
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Consolidated Statements of Comprehensive Income
(Six-month Period Ended September 30)
(Millions of Yen) | |
2Q / FY2022 | 2Q / FY2023 |
April 1, 2021 through | April 1, 2022 through | |
September 30, 2021 | September 30, 2022 | |
Profit | 5,285 | 3,567 |
Other comprehensive income: | ||
Valuation difference on available-for-sale securities | (1,549) | 1,038 |
Deferred gains or losses on hedges | 1,507 | 3,329 |
Remeasurements of defined benefit plans, net of tax | (194) | (195) |
Total other comprehensive income | (236) | 4,172 |
Comprehensive income | 5,049 | 7,740 |
Comprehensive income attributable to: | ||
Comprehensive income attributable to owners of parent | 4,623 | 6,429 |
Comprehensive income attributable to non-controlling interests | 426 | 1,310 |
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Consolidated Statements of Cash Flows (Six-month Period Ended September 30)
(Millions of Yen) | |
2Q / FY2022 | 2Q / FY2023 |
April 1, 2021 through | April 1, 2022 through |
September 30, 2021 | September 30, 2022 |
Cash flows from operating activities: | ||
Profit before income taxes | 7,990 | 5,537 |
Depreciation | 880 | 911 |
Amortization of goodwill | 14 | 14 |
Increase (decrease) in allowance for doubtful accounts | (42) | (18) |
Decrease (increase) in retirement benefit asset | (260) | (263) |
Increase (decrease) in provision for loss on construction | ||
contracts | (169) | 652 |
Interest and dividend income | (651) | (687) |
Interest expenses | 186 | 239 |
Loss (gain) on sale of short-term and long-term | ||
investment securities | (550) | (1,035) |
Loss (gain) on valuation of short-term and long-term | ||
investment securities | 6 | 18 |
Decrease (increase) in trade receivables | 34,123 | 13,718 |
Decrease (increase) in costs on construction contracts in | ||
progress | 2,969 | (1,675) |
Decrease (increase) in other inventories | 1,620 | (905) |
Increase (decrease) in trade payables | (331) | (2,524) |
Increase (decrease) in advances received on construction | ||
contracts in progress | 439 | 812 |
Other, net | 1,958 | (10,480) |
Subtotal | 48,184 | 4,315 |
Interest and dividends received | 650 | 687 |
Interest paid | (133) | (159) |
Income taxes refund (paid) | (4,197) | (1,378) |
Net cash provided by (used in) operating activities | 44,505 | 3,465 |
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Okumura Corporation published this content on 08 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2022 08:21:01 UTC.