Consolidated Financial Results
for the Nine Months Ended December 31, 2021
[Japanese GAAP]
February 8, 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 filing quarterly securities report: February 9, 2022
Scheduled date of commencing dividend payments: -
Availability of supplementary briefing materials on quarterly financial results: Unavailable
Schedule of quarterly financial results briefing session: Not scheduled
(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2021 (April 1, 2021 to December 31, 2021)
(1) Consolidated Operating Results (Cumulative) | (% indicates year-on-year changes) | ||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||
owners of parent | |||||||||
Nine months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |
December 31, 2021 | 61,342 | 3.5 | 2,870 | (38.0) | 2,853 | (37.1) | 2,039 | (41.2) | |
December 31, 2020 | 59,292 | 16.4 | 4,631 | 45.3 | 4,538 | 42.2 | 3,470 | (15.7) |
(Note) Comprehensive income: Nine months ended December 31, 2021: ¥2,162 million [(38.6)%] | ||||||||||||||||||||
Nine months ended December 31, 2020: ¥3,524 million [(16.7)%] | ||||||||||||||||||||
Basic earnings | Diluted earnings | |||||||||||||||||||
per share | per share | |||||||||||||||||||
Nine months ended | Yen | Yen | ||||||||||||||||||
December 31, 2021 | 51.84 | - | ||||||||||||||||||
December 31, 2020 | 86.05 | - | ||||||||||||||||||
(2) Consolidated Financial Position | ||||||||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | |||||||||||||||||
Million yen | Million yen | % | Yen | |||||||||||||||||
As of December 31, 2021 | 73,186 | 39,283 | 53.7 | 1,028.84 | ||||||||||||||||
As of March 31, 2021 | 79,409 | 40,790 | 51.4 | 1,010.99 | ||||||||||||||||
(Reference) Equity: As of December 31, 2021: ¥39,283 million | ||||||||||||||||||||
As of March 31, 2021: ¥40,790 million | ||||||||||||||||||||
2. Dividends | ||||||||||||||||||||
Annual dividends | ||||||||||||||||||||
1st | 2nd | 3rd | Year-end | Total | ||||||||||||||||
quarter-end | quarter-end | quarter-end | ||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | ||||||||||||||||
Fiscal year ended March 31, 2021 | - | 0.00 | - | 43.00 | 43.00 | |||||||||||||||
Fiscal year ending March 31, 2022 | - | 0.00 | - | |||||||||||||||||
Fiscal year ending March 31, 2022 | 30.00 | 30.00 | ||||||||||||||||||
(Forecast) | ||||||||||||||||||||
(Note) Revision to the forecast for | dividends announced most recently: No |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)
(% indicates year-on-year changes) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | |||||
owners of parent | per share | ||||||||
Full year | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen |
86,800 | (3.6) | 4,600 | (45.7) | 4,500 | (46.4) | 3,300 | (36.3) | 86.43 |
(Note) Revision to the financial results forecast announced most recently: Yes
* Notes:
-
Changes in significant subsidiaries during the period under review
(Changes in specified subsidiaries resulting in changes in scope of consolidation): No - Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: 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 "Quarterly Consolidated Financial Statements and Primary Notes, (3) Notes to Quarterly Consolidated Financial Statements, (Changes in accounting policies)" on page 5 of the attachment.
-
Number of shares issued (common shares)
1) Total number of shares issued at the end of the period (including treasury shares):
December 31, 2021: | 40,414,407 shares |
March 31, 2021: | 40,414,407 shares |
2) Total number of treasury shares at the end of the period: | |
December 31, 2021: | 2,232,386 shares |
March 31, 2021: | 67,641 shares |
3) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year):
Nine months ended December 31, 2021: | 39,341,317 shares |
Nine months ended December 31, 2020: | 40,326,002 shares |
- These consolidated financial results are outside the scope of quarterly review by certified public accountants or audit corporations.
- Explanation of the proper use of financial results forecasts and other notes
Financial results forecasts are based on information available and certain assumptions deemed reasonable by the Company at the time of preparation of this document, which may contain various uncertain factors. Thus, actual results and outcomes may differ from these forecasts.
(Reference) Non-Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)
(% indicates year-on-year changes)
Net sales | Ordinary profit | Profit | Basic earnings | ||||
per share | |||||||
Full year | Million yen | % | Million yen | % | Million yen | % | Yen |
83,000 | (2.0) | 4,200 | (47.2) | 3,100 | (35.2) | 81.19 | |
(Note) Revision to the financial results forecast announced most recently: Yes |
- Explanation of the proper use of financial results forecast and other notes
Financial results forecasts are based on information available and certain assumptions deemed reasonable by the Company at the time of preparation of this document, which may contain various uncertain factors. Thus, actual results and outcomes may differ from these forecasts.
Quarterly Consolidated Financial Statements and Primary Notes
(1) Quarterly Consolidated Balance Sheets
(Million yen) | ||||||
As of March 31, 2021 | As of December 31, 2021 | |||||
Assets | ||||||
Current assets | ||||||
Cash and deposits | 14,035 | 14,986 | ||||
Notes receivable, accounts receivable from | 34,150 | 28,372 | ||||
completed construction contracts and other | ||||||
Costs on construction contracts in progress | 2,565 | 477 | ||||
Raw materials and supplies | 386 | 325 | ||||
Other | 2,683 | 3,697 | ||||
Allowance for doubtful accounts | - | (9) | ||||
Total current assets | 53,821 | 47,848 | ||||
Non-current assets | ||||||
Property, plant and equipment | ||||||
Buildings and structures | 9,220 | 9,418 | ||||
Machinery, vehicles, tools, furniture and | 20,681 | 21,156 | ||||
fixtures | ||||||
Land | 14,327 | 14,314 | ||||
Construction in progress | 245 | 707 | ||||
Accumulated depreciation | (20,820) | (21,764) | ||||
Total property, plant and equipment | 23,655 | 23,831 | ||||
Intangible assets | 263 | 253 | ||||
Investments and other assets | ||||||
Other | 1,669 | 1,252 | ||||
Total investments and other assets | 1,669 | 1,252 | ||||
Total non-current assets | 25,588 | 25,337 | ||||
Total assets | 79,409 | 73,186 |
1
(Million yen) | ||||||
As of March 31, 2021 | As of December 31, 2021 | |||||
Liabilities | ||||||
Current liabilities | ||||||
Notes payable, accounts payable for | 21,767 | 20,604 | ||||
construction contracts and other | ||||||
Short-term borrowings | 7 | 104 | ||||
Income taxes payable | 1,147 | 2 | ||||
Advances received on construction contracts in | 2,070 | 1,255 | ||||
progress | ||||||
Provision for warranties for completed | 15 | 16 | ||||
construction | ||||||
Provision for loss on construction contracts | 7 | 15 | ||||
Provision for bonuses | 1,645 | 744 | ||||
Other | 4,216 | 3,745 | ||||
Total current liabilities | 30,877 | 26,488 | ||||
Non-current liabilities | ||||||
Long-term borrowings | 5,000 | 5,000 | ||||
Retirement benefit liability | 2,597 | 2,289 | ||||
Other | 144 | 125 | ||||
Total non-current liabilities | 7,742 | 7,415 | ||||
Total liabilities | 38,619 | 33,903 | ||||
Net assets | ||||||
Shareholders' equity | ||||||
Share capital | 2,000 | 2,000 | ||||
Capital surplus | 519 | 521 | ||||
Retained earnings | 38,767 | 38,982 | ||||
Treasury shares | (40) | (1,888) | ||||
Total shareholders' equity | 41,246 | 39,615 | ||||
Accumulated other comprehensive income | ||||||
Valuation difference on available-for-sale | 21 | 15 | ||||
securities | ||||||
Foreign currency translation adjustment | (15) | (8) | ||||
Remeasurements of defined benefit plans | (461) | (340) | ||||
Total accumulated other comprehensive income | (455) | (332) | ||||
Total net assets | 40,790 | 39,283 | ||||
Total liabilities and net assets | 79,409 | 73,186 |
2
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SEIKITOKYU KOGYO Co. Ltd. published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 06:11:14 UTC.