Consolidated Financial Results
for the Fiscal Year Ended March 31, 2022
[Japanese GAAP]
May 11, 2022
Company name: SEIKITOKYU KOGYO CO., LTD.
Stock exchange listing: Tokyo Stock Exchange
Code number: 1898
URL: https://www.seikitokyu.co.jp
Representative: Yoshikazu Taira, Representative Director, President
Contact: Takanori Kawano, General Manager, Finance Department
Phone: +81-3-6672-9421
Scheduled date of general shareholders' meeting: June 23, 2022
Scheduled date of commencing dividend payments: June 24, 2022
Scheduled date of filing securities report: June 23, 2022
Availability of supplementary explanatory materials on annual financial results: Unavailable
Schedule of annual financial results briefing session: Scheduled (for institutional investors and analysts)
(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 1, 2021 to March 31, 2022)
(1) Consolidated Operating Results | (% indicates year-on-year changes) | ||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||
owners of parent | |||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |
March 31, 2022 | 85,132 | (5.4) | 4,418 | (47.8) | 4,358 | (48.1) | 3,304 | (36.2) | |
March 31, 2021 | 90,025 | 14.5 | 8,470 | 42.1 | 8,395 | 39.7 | 5,180 | (20.8) |
(Note) Comprehensive income: Fiscal year ended March 31, 2022: ¥ 3,992 million [(33.6)%] | ||||||
Fiscal year ended March 31, 2021: ¥ 6,010 million | [(3.7)%] | |||||
Basic earnings | Diluted | Return on | Ratio of | Ratio of | ||
earnings per | ordinary profit | operating profit | ||||
per share | equity | |||||
share | to total assets | to net sales | ||||
Fiscal year ended | Yen | Yen | % | % | % | |
March 31, 2022 | 84.81 | - | 8.1 | 5.5 | 5.2 | |
March 31, 2021 | 128.45 | - | 13.4 | 10.9 | 9.4 |
(Reference) Equity in earnings of affiliated companies: Fiscal year ended March 31, 2022: ¥- million Fiscal year ended March 31, 2021: ¥- million
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | |||
Million yen | Million yen | % | Yen | |||
As of March 31, 2022 | 78,295 | 40,497 | 51.7 | 1,082.33 | ||
As of March 31, 2021 | 79,409 | 40,790 | 51.4 | 1,010.99 | ||
(Reference) Equity: As of March 31, 2022: ¥40,497 million | ||||||
As of March 31, 2021: ¥40,790 million | ||||||
(3) Consolidated Cash Flows | ||||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash | |||
equivalents | ||||||
operating activities | investing activities | financing activities | ||||
at end of period | ||||||
Fiscal year ended | Million yen | Million yen | Million yen | Million yen | ||
March 31, 2022 | 4,646 | (3,668) | (2,232) | 12,814 | ||
March 31, 2021 | 1,138 | (3,622) | 2,343 | 14,035 |
2. Dividends
Annual dividends | Total | Ratio of | ||||||||
Payout ratio | dividends to | |||||||||
1st | 2nd | 3rd | Year- | dividends | ||||||
Total | (consolidated) | net assets | ||||||||
quarter- | quarter- | quarter- | end | (annual) | ||||||
end | end | end | (consolidated) | |||||||
Fiscal year ended | Yen | Yen | Yen | Yen | Yen | Million yen | % | % | ||
- | 0.00 | - | 43.00 | 43.00 | 1,734 | 33.5 | 4.5 | |||
March 31, 2021 | ||||||||||
Fiscal year ended | - | 0.00 | - | 30.00 | 30.00 | 1,122 | 35.4 | 2.9 | ||
March 31, 2022 | ||||||||||
Fiscal year ending | ||||||||||
March 31, 2023 | - | 0.00 | - | 30.00 | 30.00 | 34.0 | ||||
(Forecast) |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)
(% indicates year-on-year changes) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | |||||
owners of parent | per share | ||||||||
First half | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen |
42,800 | 10.7 | 1,300 | (25.8) | 1,300 | (25.2) | 800 | (32.8) | 21.38 | |
Full year | 92,600 | 8.8 | 5,000 | 13.2 | 5,000 | 14.7 | 3,300 | (0.1) | 88.19 |
* Notes:
-
Changes in significant subsidiaries during the period under review
(Changes in specified subsidiaries resulting in changes in scope of consolidation): No - Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: Yes
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
(Note) For details, please see "3. Consolidated Financial Statements and Primary Notes (5) Notes to Consolidated Financial Statements (Changes in accounting policies)" on page 9 of the attachment.
(3) Number of shares issued (common shares)
1) | Total number of shares issued at the end of the period (including treasury shares): | |
March 31, 2022: | 40,414,407 shares | |
March 31, 2021: | 40,414,407 shares | |
2) | Total number of treasury shares at the end of the period: | |
March 31, 2022: | 2,996,909 shares | |
March 31, 2021: | 67,641 shares |
3) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year):
Year ended March 31, 2022: | 38,967,451 shares |
Year ended March 31, 2021: | 40,330,810 shares |
(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 1, 2021 - March 31, 2022)
(1) Non-consolidated Operating Results | (% indicates year -on-year changes) | |||||||||||||
Net sales | Operating profit | Ordinary profit | Profit | |||||||||||
Year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||||
March 31, 2022 | 81,168 | (4.2) | 4,089 | (48.8) | 4,025 | (49.4) | 3,083 | (35.6) | ||||||
March 31, 2021 | 84,699 | 14.2 | 7,988 | 47.8 | 7,960 | 43.5 | 4,784 | (22.2) | ||||||
Basic earnings | Diluted earnings | |||||||||||||
per share | per share | |||||||||||||
Year ended | Yen | Yen | ||||||||||||
March 31, 2022 | 79.12 | - | ||||||||||||
March 31, 2021 | 118.62 | - | ||||||||||||
(2) Non-consolidated Financial Position | ||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | |||||||||||
Million yen | Million yen | % | Yen | |||||||||||
As of March 31, 2022 | 76,773 | 37,041 | 48.2 | 989.94 | ||||||||||
As of March 31, 2021 | 77,822 | 38,234 | 49.1 | 947.64 |
(Reference) Equity: As of March 31, 2022: ¥37,041 million As of March 31, 2021: ¥38,234 million
2. Non-consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)
(% indicates year-on-year changes)
Net sales | Ordinary profit | Profit | Basic earnings | ||||
per share | |||||||
First half | Million yen | % | Million yen | % | Million yen | % | Yen |
40,800 | 10.1 | 1,200 | (26.9) | 800 | (31.2) | 21.38 | |
Full year | 88,000 | 8.4 | 4,600 | 14.3 | 3,100 | 0.6 | 82.85 |
- These consolidated financial results are outside the scope of audit by certified public accountants or an audit firm.
- Explanation of the proper use of financial results forecast and other notes
- Financial results forecasts are determined based on information currently available and may contain various uncertain factors. Thus, actual results and outcomes may differ from these forecasts.
- The Company is planning to hold a briefing session for institutional investors and analysts on Friday, June 3, 2022. The briefing materials to be distributed at the session are scheduled to be promptly posted on the Company's website after the session is held.
3. Consolidated Financial Statements and Primary Notes
(1) Consolidated Balance Sheets
(Million yen) | ||||
As of March 31, 2021 | As of March 31, 2022 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 14,035 | 12,814 | ||
Notes receivable, accounts receivable from | 34,150 | 34,942 | ||
completed construction contracts and other | ||||
Costs on construction contracts in progress | 2,565 | 459 | ||
Raw materials and supplies | 386 | 401 | ||
Other | 2,683 | 2,871 | ||
Total current assets | 53,821 | 51,489 | ||
Non-current assets | ||||
Property, plant and equipment | ||||
Buildings and structures | 9,220 | 9,824 | ||
Machinery, vehicles, tools, furniture and | 20,681 | 21,511 | ||
fixtures | ||||
Land | 14,327 | 14,217 | ||
Construction in progress | 245 | 763 | ||
Accumulated depreciation | (20,820) | (21,464) | ||
Total property, plant and equipment | 23,655 | 24,852 | ||
Intangible assets | 263 | 250 | ||
Investments and other assets | ||||
Investment securities | 288 | 290 | ||
Deferred tax assets | 847 | 947 | ||
Other | 533 | 464 | ||
Total investments and other assets | 1,669 | 1,703 | ||
Total non-current assets | 25,588 | 26,806 | ||
Total assets | 79,409 | 78,295 |
1
(Million yen) | ||||||
As of March 31, 2021 | As of March 31, 2022 | |||||
Liabilities | ||||||
Current liabilities | ||||||
Notes payable, accounts payable for | 21,767 | 20,722 | ||||
construction contracts and other | ||||||
Short-term borrowings | 7 | 107 | ||||
Income taxes payable | 1,147 | 494 | ||||
Advances received on construction contracts in | 2,070 | 1,921 | ||||
progress | ||||||
Provision for warranties for completed | 15 | 32 | ||||
construction | ||||||
Provision for loss on construction contracts | 7 | 5 | ||||
Provision for bonuses | 1,645 | 1,861 | ||||
Other | 4,216 | 4,163 | ||||
Total current liabilities | 30,877 | 29,307 | ||||
Non-current liabilities | ||||||
Long-term borrowings | 5,000 | 6,900 | ||||
Retirement benefit liability | 2,597 | 1,505 | ||||
Other | 144 | 84 | ||||
Total non-current liabilities | 7,742 | 8,490 | ||||
Total liabilities | 38,619 | 37,797 | ||||
Net assets | ||||||
Shareholders' equity | ||||||
Share capital | 2,000 | 2,000 | ||||
Capital surplus | 519 | 521 | ||||
Retained earnings | 38,767 | 40,248 | ||||
Treasury shares | (40) | (2,502) | ||||
Total shareholders' equity | 41,246 | 40,266 | ||||
Accumulated other comprehensive income | ||||||
Valuation difference on available-for-sale | 21 | 22 | ||||
securities | ||||||
Foreign currency translation adjustment | (15) | 4 | ||||
Remeasurements of defined benefit plans | (461) | 203 | ||||
Total accumulated other comprehensive income | (455) | 231 | ||||
Total net assets | 40,790 | 40,497 | ||||
Total liabilities and net assets | 79,409 | 78,295 |
2
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SEIKITOKYU KOGYO Co. Ltd. published this content on 03 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 June 2022 08:41:02 UTC.