Sansha Electric Manufacturing : Summary of Consolidated Financial Results for the Three Months Ended June 30, 2022 (Based on Japanese GAAP)（137KB）

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 Consolidated Financial Results for the Three Months Ended June 30, 2022 (Based on Japanese GAAP)

				July 29, 2022
Company name:	Sansha Electric Manufacturing Co., Ltd.
Stock exchange listing:	Tokyo
Stock code:	6882	URL https://www.sansha.co.jp
Representative:	Representative Director, President	Hajimu Yoshimura
	General Manager
Inquiries:	Corporate Planning Division	Hiroyuki Maruyama	TEL [phone]
	Operating Officer
Scheduled date to file Quarterly Securities Report:	August 5, 2022
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results:	Yes
Holding of quarterly financial results meeting:	No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)

(1) Consolidated operating results (cumulative)								Percentages indicate year-on-year changes
	Net sales				Operating profit	Ordinary profit	Profit attributable to
					owners of parent
	Millions of yen		%		Millions of yen	%	Millions of yen		%	Millions of yen		%
Three months ended June 30, 2022	6,287		25.6		102	31.6		120		54.2		12		-
Three months ended June 30, 2021	5,005		19.0		78	-		78		-		(21)		-
	Earnings per share			Diluted earnings per share
				Yen				Yen
Three months ended June 30, 2022				0.98				-
Three months ended June 30, 2021			(1.52)				-
(2) Consolidated financial position
	Total assets				Net assets	Equity ratio		Net assets per share
	Millions of yen			Millions of yen				%				Yen
As of June 30, 2022		27,293					20,043				73.4		1,560.07
As of March 31, 2022		27,146					19,810				73.0		1,541.90
2. Cash dividends
						Annual dividends per share
	1st quarter-end	2nd quarter-end		3rd quarter-end	Fiscal year-end	Total
	Yen				Yen			Yen				Yen			Yen
Year ended March 31, 2022		-		8.00			-			17.00			25.00
Year ending March 31, 2023		-
Year ending March 31, 2023 (Forecast)						-			-				-			-

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

Percentages indicate year-on-year changes

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Earnings per share
		owners of parent
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen		%	Yen
Full year	26,000	14.7	1,600	21.5	1,600	21.8	1,200		4.6	93.40

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4. Notes

1. Changes in significant subsidiaries during the three months ended June 30, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation):
2. Application of special accounting methods for preparing quarterly consolidated financial statements:

No

No

(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:	No
Changes in accounting policies due to other reasons:	No
Changes in accounting estimates:	No
Restatement of prior period financial statements:	No

(4) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

	As of June 30, 2022	14,950,000	shares	As of March 31, 2022	14,950,000	shares
Number of treasury shares at the end of the period
	As of June 30, 2022	2,102,122	shares	As of March 31, 2022	2,102,122	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Three months ended June 30, 2022	12,847,878	shares	Three months ended June 30, 2021	14,047,878	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of March 31, 2022	As of June 30, 2022
Assets
Current assets
Cash and deposits	5,026	4,641
Notes receivable - trade	838	883
Accounts receivable - trade	6,364	6,110
Electronically recorded monetary claims - operating	1,242	1,667
Merchandise and finished goods	2,634	2,742
Work in process	1,591	1,553
Raw materials and supplies	2,618	2,892
Other	562	496
Allowance for doubtful accounts	(59)	(75)
Total current assets	20,819	20,913
Non-current assets
Property, plant and equipment
Buildings and structures, net	1,866	1,811
Machinery, equipment and vehicles, net	517	472
Land	2,238	2,238
Leased assets, net	295	283
Construction in progress	79	142
Other, net	262	264
Total property, plant and equipment	5,259	5,213
Intangible assets
Goodwill	28	26
Other	114	116
Total intangible assets	143	143
Investments and other assets
Investment securities	24	25
Deferred tax assets	255	297
Retirement benefit asset	508	529
Other	135	171
Total investments and other assets	924	1,023
Total non-current assets	6,326	6,379
Total assets		27,146	27,293

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			(Millions of yen)
		As of March 31, 2022	As of June 30, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade	3,470	3,406
Electronically recorded obligations - operating	337	298
Accounts payable - other	913	886
Accrued expenses	609	703
Income taxes payable	195	156
Contract liabilities	388	383
Provision for bonuses	565	355
Provision for product warranties	57	54
Provision for loss on orders received	40	114
Other	326	372
Total current liabilities	6,905	6,731
Non-current liabilities
Lease liabilities	101	100
Directors' retirement benefits payable	68	68
Deferred tax liabilities	161	239
Retirement benefit liability	52	56
Other	48	54
Total non-current liabilities	431	518
Total liabilities	7,336	7,249
Net assets
Shareholders' equity
Share capital	2,774	2,774
Capital surplus	2,698	2,698
Retained earnings	15,226	15,020
Treasury shares	(1,903)	(1,903)
Total shareholders' equity	18,795	18,590
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	5	7
Foreign currency translation adjustment	901	1,341
Remeasurements of defined benefit plans	107	105
Total accumulated other comprehensive income	1,014	1,453
Total net assets	19,810	20,043
Total liabilities and net assets		27,146	27,293

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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

			(Millions of yen)
		Three months ended	Three months ended
		June 30, 2021	June 30, 2022
Net sales	5,005	6,287
Cost of sales	3,914	5,029
Gross profit	1,090	1,257
Selling, general and administrative expenses	1,012	1,155
Operating profit	78	102
Non-operating income
Interest income	1	2
Dividend income	1	0
Rental income	3	3
Gain on valuation of derivatives	8	34
Other	7	10
Total non-operating income	21	51
Non-operating expenses
Interest expenses	1	1
Foreign exchange losses	17	31
Other	2	0
Total non-operating expenses	21	33
Ordinary profit	78	120
Profit before income taxes	78	120
Income taxes - current	38	67
Income taxes - deferred	61	40
Total income taxes	99	108
Profit (loss)	(21)	12
Profit (loss) attributable to owners of parent		(21)	12

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