Note: This document has been translated from 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.
October.29.2021
Consolidated Financial Results | |
for the Six Months Ended September.30.2021 | |
(Japanese GAAP) | |
Company name: | Prestige International Inc. |
Listing: | Tokyo Stock Exchange First Section |
Securities code: | 4290 |
URL: | http://www.prestigein.com/ |
Representative: | Shinichi Tamagami, President and Representative Director |
Inquiries: | Tsutomu Yoshizawa, Senior manager |
Telephone: | +81-3-5213-0826 |
Scheduled date to file quarterly securities report: | November, 11 2021 |
Scheduled date to commence dividend payments: | December, 6 2021 |
Preparation of supplementary material on quarterly financial results: Yes | |
Holding of quarterly financial results briefing: | Yes(for institutional investors and analysts) |
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated financial results for the six months ended September 30, 2021 (from April 1 2021to September 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 | % | ||||
September ,30, | 22,293 | 12.9 | 3,063 | 17.3 | 3,136 | 19.2 | 1,853 | 19.0 | ||||
2021 | ||||||||||||
September ,30, | 19,739 | △4.6 | 2,611 | 8.0 | 2,629 | 1.3 | 1,558 | 16.2 | ||||
2020 | ||||||||||||
(Note) Comprehensive income | For the six months ended September ,30, 2021: | ¥2,091 million | [14.7%] | |||||||||
For the six months ended September ,30, 2020: | ¥1,824 million | [40.5%] | ||||||||||
Basic earnings | Diluted earnings | |||||||||||
per share | per share | |||||||||||
Six months ended | Yen | Yen | ||||||||||
September ,30, | 14.46 | 14.39 | ||||||||||
2021 | ||||||||||||
September ,30, | 12.17 | 12.10 | ||||||||||
2020 | ||||||||||||
(Note)Since "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29), etc. have been applied from the six months ended September 30, 2021, the above amounts of consolidated financial results reflect the application of the accounting standard.
(2) Consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | |
As of | Millions of yen | Millions of yen | % |
September ,30, 2021 | 50,204 | 34,271 | 64.0 |
March,31, 2021 | 46,755 | 32,888 | 66.1 |
Reference: Equity | |||
As of September ,30, 2021: | ¥32,148 million | ||
As of March,31, 2021: | ¥30,918 million |
1
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 | - | 3.50 | - | 3.50 | 7.00 | |
March 31, 2021 | ||||||
Fiscal year ending | - | 4.00 | ||||
March 31, 2022 | ||||||
Fiscal year ending | ||||||
March 31, 2022 | - | 4.00 | 8.00 | |||
(Forecast) | ||||||
(Note) Revisions to the forecast of cash dividends most recently announced: No
3. Forecast of consolidated financial results for the year ending March 31, 2022
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | |||||||||||
owners of parent | per share | ||||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | yen | |||||||
Full year | 45,000 | 10.8 | 6,350 | 21.3 | 6,550 | 20.1 | 3,600 | 21.3 | 28.09 | ||||||
(Note) | Revision to the financial results forecast announced most recently: No | ||||||||||||||
*Note: | |||||||||||||||
(1) | Changes in significant subsidiaries during the six months ended September 30, 2021: | None |
- Accounting policies adopted specially for the preparation of quarterly consolidated financial None statements:
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) | Changes in accounting policies due to the revision of accounting standards: | Yes |
2) | Changes in accounting policies due to other reasons: | None |
3) | Changes in accounting estimates: | None |
4) | Restatement of prior period financial statements: | None |
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2021 | 128,178,800 | shares | As of March 31, 2021 | 128,131,800 | shares |
Number of treasury shares at the end of the period | |||||
As of September 30, 2021 | 708 | shares | As of March 31, 2021 | 708 | shares |
Average number of shares during the period (cumulative from the beginning of the fiscal year)
As of September 30, 2021 | 128,146,492 shares | As of September 30, 2020 | 128,042,025 shares |
*Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
*Explanation for appropriate use of financial forecasts and other special notes
The forecasts given in this document are based on the current available information in the company and certain reasonable assumptions to the company. And we don't commit to achieve these forecasting numbers. Actual results may differ from these forecasts by a variety of reasons.
2
Consolidated Financial Statements and Primary Notes
(1) Consolidated Balance Sheet
(Thousands of yen) | ||
As of March 31, 2021 | As of September 30, 2021 | |
Assets | ||
Current assets | ||
Cash and deposits | 16,310,272 | 16,741,311 |
Notes and accounts receivable - trade | 4,027,637 | - |
Notes and accounts receivable - trade, | - | 4,369,596 |
and contract assets | ||
Merchandise and finished goods | 34,324 | 47,716 |
Work in process | 109,316 | 147,041 |
Raw materials and supplies | 70,654 | 68,125 |
Other | 7,346,609 | 8,046,948 |
Allowance for doubtful accounts | △623,651 | △705,264 |
Total current assets | 27,275,163 | 28,715,475 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 9,777,982 | 9,618,240 |
Other, net | 1,456,838 | 2,799,708 |
Total property, plant and equipment | 11,234,820 | 12,417,948 |
Intangible assets | ||
Other | 1,439,807 | 1,652,338 |
Total intangible assets | 1,439,807 | 1,652,338 |
Investments and other assets | ||
Investment securities | 5,947,399 | 6,532,629 |
Other | 930,865 | 957,738 |
Allowance for doubtful accounts | △72,265 | △71,805 |
Total investments and other assets | 6,806,000 | 7,418,562 |
Total non-current assets | 19,480,628 | 21,488,848 |
Total assets | 46,755,792 | 50,204,324 |
3
(Thousands of yen) | ||
As of March 31, 2021 | As of September 30, 2021 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 1,042,946 | 1,089,339 |
Short-term borrowings | 250,000 | 1,250,000 |
Income taxes payable | 1,117,442 | 1,130,750 |
Provision for bonuses | 742,044 | 858,232 |
Reserve for fulfillment of guarantees | 102,263 | 117,815 |
Asset retirement obligations | 1,914 | - |
Other | 8,201,918 | 9,213,100 |
Total current liabilities | 11,458,529 | 13,659,239 |
Non-current liabilities | ||
Long-term borrowings | 250,000 | 125,000 |
Retirement benefit liability | 7,356 | 8,514 |
Asset retirement obligations | 1,659,018 | 1,674,933 |
Other | 492,026 | 465,613 |
Total non-current liabilities | 2,408,400 | 2,274,061 |
Total liabilities | 13,866,930 | 15,933,301 |
Net assets | ||
Shareholders' equity | ||
Share capital | 1,502,742 | 1,518,913 |
Capital surplus | 2,772,011 | 2,788,182 |
Retained earnings | 25,561,466 | 26,694,293 |
Treasury shares | △248 | △248 |
Total shareholders' equity | 29,835,971 | 31,001,140 |
Accumulated other comprehensive income | ||
Valuation difference on available-for- | 507,301 | 560,302 |
sale securities | ||
Foreign currency translation adjustment | 575,026 | 587,464 |
Total accumulated other comprehensive | 1,082,327 | 1,147,766 |
income | ||
Share acquisition rights | 153,375 | 188,207 |
Non-controlling interests | 1,817,187 | 1,933,909 |
Total net assets | 32,888,861 | 34,271,023 |
Total liabilities and net assets | 46,755,792 | 50,204,324 |
4
- Consolidated Statement of Income and Comprehensive Income (Consolidated Statement of Income)
(Thousands of yen) | ||
Six months ended | Six months ended | |
September 30, 2020 | September 30, 2021 | |
Net sales | 19,739,429 | 22,293,465 |
Cost of sales | 15,264,936 | 17,118,955 |
Gross profit | 4,474,492 | 5,174,509 |
Selling, general and administrative expenses | ※1 1,863,078 | ※1 2,110,749 |
Operating profit | 2,611,414 | 3,063,759 |
Non-operating income | ||
Interest income | 2,851 | 1,240 |
Interest on securities | 62,991 | 77,866 |
Dividend income | 5,617 | 6,213 |
Share of profit of entities accounted for | 6,324 | 23,027 |
using equity method | ||
Other | 17,300 | 12,209 |
Total non-operating income | 95,086 | 120,557 |
Non-operating expenses | ||
Interest expenses | 1,065 | 1,615 |
Foreign exchange losses | 31,743 | 9,991 |
Employment of People with Disabilities | 18,868 | 17,550 |
payment | ||
Consumption Taxes Ajustment | 18,113 | 15,710 |
Other | 6,812 | 3,326 |
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets Subsidy income
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on retirement of non-current assets Impairment losses
Other
76,603 | 48,192 |
2,629,897 | 3,136,124 |
※2 8,220 | ※2 548 |
1,475 | 1,594 |
9,695 | 2,143 |
※3 67 | ※3 21 |
- | ※4 31,894 |
- | ※5 366 |
1,475 | 1,594 |
Total extraordinary losses | 1,542 | 33,877 |
Profit before income taxes | 2,638,049 | 3,104,391 |
Income taxes - current | 880,266 | 1,098,610 |
Income taxes - deferred | 28,738 | △19,294 |
Total income taxes | 909,005 | 1,079,316 |
Profit | 1,729,044 | 2,025,074 |
Profit attributable to non-controlling | 171,027 | 171,584 |
interests | ||
Profit attributable to owners of parent | 1,558,017 | 1,853,490 |
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Prestige International Inc. published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2021 06:09:03 UTC.