These documents have been translated from the Japanese originals for reference purposes only. In the event of any discrepancy between these translated documents and the Japanese originals, the originals shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.
October 31, 2023
Tatsuta Electric Wire
and Cable Co.,Ltd.
Financial Summary
for the Six Months Ended September 30, 2023
These documents are outside the scope of audit.
1. Business Segment Information (vs. FY2022)
(Milions of yen)
FY2022
Actual (① )
FY2023
Actual (②)
Amount of change (②-① )
1Q | ||
Electric Wire and Cable Business | 9,926 | |
Electronic Materials Business | 4,228 | |
Other Businesses | 582 | |
Adjustment (Note) | ▲ 6 | |
Net Sales | 14,732 | |
Electric Wire and Cable Business | ▲ 166 | |
Electronic Materials Business | 642 | |
Other Businesses | 45 | |
Adjustment (Note) | ▲ 194 | |
Operating Income | 327 | |
(Operating Profit Margin) | (2.2%) | |
Ordinary Income | 437 | |
(Ordinary Profit Margin) | (3.0%) | |
Net Income | 323 |
2Q 11,087 4,034 562 ▲ 7
15,677
186 547 1 ▲ 170
564 (3.6%) 637 (4.1%) 549
1st half 21,013 8,263 1,144 ▲ 13
30,409
20 1,190 46 ▲ 365
892 (2.9%) 1,074 (3.5%) 872
2nd half 22,961 6,801 1,318 ▲ 13
31,067
748 273 114 ▲ 327
809 (2.6%) 789 (2.5%) 95
Full year | 1Q |
43,975 | 11,059 |
15,064 | 3,835 |
2,463 | 557 |
▲ 27 | ▲ 7 |
61,476 | 15,445 |
768 342
1,464 403
161 | ▲ 34 |
▲ 692 | ▲ 170 |
1,701 | 540 |
(2.8%) | (3.5%) |
1,864 | 598 |
(3.0%) | (3.9%) |
967 | 453 |
2Q 11,436 3,757 649 ▲ 7
15,835
412 387 17 ▲ 179
638 (4.0%) 692 (4.4%) 514
1st half 22,496 7,592 1,207 ▲ 15
31,281
755 791 ▲ 17 ▲ 349
1,179 (3.8%) 1,290 (4.1%) 967
1st half ○1,482 × 670 ○62 × 1
○871
○735 × 399 × 63 ○15
○286
○216
○95
(Note)
The adjustment is inter-segment eliminations and corporate expenses,which consist of general and administrative expenses and research expenses not attributable to reportable segments.
2.Consolidated Financial Statements
【Comparison of Quarterly Consolidated Statements of Income】
Six months ended September 30
(A) | (B) | |||
Six months ended | Six months ended | |||
September 30, 2022 | September 30, 2023 | |||
(From April 1, 2022 to | (From April 1, 2023 to | |||
September 30, 2022) | September 30, 2023) | |||
Net sales | 30,409 | 100.0% | 31,281 | 100.0% |
Cost of sales | 24,694 | 81.2% | 25,312 | 80.9% |
Gross income | 5,714 | 18.8% | 5,968 | 19.1% |
Selling, general and administrative expenses | 4,822 | 15.9% | 4,789 | 15.3% |
Operating income | 892 | 2.9% | 1,179 | 3.8% |
Non-operating income | ||||
Interest income | 8 | 2 | ||
Dividend income | 12 | 12 | ||
Foreign exchange gains | 142 | 77 | ||
Other | 26 | 25 | ||
Total non-operating income | 191 | 0.6% | 117 | 0.4% |
Non-operating expenses | ||||
Interest expenses | 3 | 4 | ||
Other | 5 | 1 | ||
Total non-operating expenses | 9 | 0.0% | 6 | 0.0% |
Ordinary income | 1,074 | 3.5% | 1,290 | 4.1% |
Extraordinary income | ||||
Compensation for transfer | 101 | - | ||
Gain on sale of investment securities | 0 | 23 | ||
Gain on sale of golf memberships | - | 0 | ||
Gain on sale of non-current assets | 0 | 2 | ||
Total extraordinary income | 102 | 0.3% | 26 | 0.1% |
Extraordinary losses | ||||
Loss on sale of non-current assets | 0 | - | ||
Loss on abandonment of non-current assets | 20 | 4 | ||
TOB related expenses | - | 19 | ||
Total extraordinary losses | 20 | 0.1% | 24 | 0.1% |
Income before income taxes | 1,156 | 3.8% | 1,293 | 4.1% |
Income taxes - current | 342 | 421 | ||
Income taxes - deferred | △58 | △95 | ||
Total income taxes | 284 | 0.9% | 326 | 1.0% |
Income | 872 | 967 | ||
Income attributable to owners of parent | 872 | 2.9% | 967 | 3.1% |
(Millions of yen) | |
Amount of change | Percent change |
(B)-(A) | ((B)-(A))/(A) |
871 | 2.9% |
617 | 2.5% |
254 | 4.5% |
△32 | -0.7% |
286 | 32.1% |
△6 | |
△0 | |
△64 | |
△1 | |
△73 | -38.5% |
1 | |
△4 | |
△3 | -32.6% |
216 | 20.1% |
△101 | |
23 | |
0 | |
2 | |
△75 | -73.7% |
△0 | |
△15 | |
19 | |
3 | 17.5% |
137 | 11.9% |
78 | |
△36 | |
41 | 14.7% |
95 | |
95 | 10.9% |
2/4
【Comparison of Quarterly Consolidated Balance Sheets】
(A) | (B) | (Millions of yen) | |||
As of March 31, 2023 | As of September 30, | Amount of change | |||
2023 | (B)-(A) | ||||
Assets | |||||
Current assets | |||||
Cash and deposits | 1,246 | 1,657 | 410 | ||
Notes and accounts receivable - trade | 20,973 | 20,331 | △641 | ||
Inventories | 12,328 | 12,140 | △188 | ||
Short-term loans receivable | 4,611 | 5,762 | 1,151 | ||
Other | 613 | 744 | 131 | ||
Allowance for doubtful accounts | △12 | △12 | 0 | ||
Total current assets | 39,761 | 68.0% | 40,625 | 68.2% | 863 |
Non-current assets | |||||
Property, plant and equipment | |||||
Buildings and structures, net | 8,508 | 8,320 | △187 | ||
Machinery, equipment and vehicles, net | 3,032 | 2,816 | △215 | ||
Tools, furniture and fixtures, net | 371 | 361 | △9 | ||
Land | 3,721 | 3,721 | - | ||
Construction in progress | 295 | 765 | 469 | ||
Total property, plant and equipment | 15,929 | 27.2% | 15,985 | 26.8% | 56 |
Intangible assets | |||||
Software | 136 | 119 | △16 | ||
Software in progress | 15 | 24 | 8 | ||
Right to use facilities | 4 | 4 | △0 | ||
Other | 1 | 1 | △0 | ||
Total intangible assets | 157 | 0.3% | 149 | 0.3% | △8 |
Investments and other assets | |||||
Investment securities | 1,067 | 1,224 | 156 | ||
Long-term prepaid expenses | 0 | 59 | 59 | ||
Deferred tax assets | 1,190 | 1,202 | 11 | ||
Other | 521 | 512 | △9 | ||
Allowance for doubtful accounts | △169 | △161 | 8 | ||
Total investments and other assets | 2,609 | 4.5% | 2,836 | 4.8% | 227 |
Total non-current assets | 18,696 | 32.0% | 18,972 | 31.8% | 275 |
Total assets | 58,457 | 100.0% | 59,597 | 100.0% | 1,139 |
(A) | (B) | (Millions of yen) | |||
As of March 31, 2023 | As of September 30, | Amount of change | |||
2023 | (B)-(A) | ||||
Liabilities | |||||
Current liabilities | |||||
Notes and accounts payable - trade | 4,279 | 4,195 | △84 | ||
Accounts payable - other | 1,243 | 893 | △349 | ||
Accrued expenses | 1,381 | 1,421 | 39 | ||
Income taxes payable | 87 | 477 | 390 | ||
Other | 939 | 820 | △119 | ||
Total current liabilities | 7,931 | 13.6% | 7,807 | 13.1% | △123 |
Non-current liabilities | |||||
Long-term borrowings | 900 | 900 | - | ||
Retirement benefit liability | 1,572 | 1,660 | 87 | ||
Asset retirement obligations | 42 | 37 | △4 | ||
Deferred tax liabilities | 1 | 11 | 9 | ||
Other | 127 | 109 | △18 | ||
Total non-current liabilities | 2,644 | 4.5% | 2,718 | 4.6% | 74 |
Total liabilities | 10,575 | 18.1% | 10,526 | 17.7% | △49 |
Net assets | |||||
Shareholders' equity | |||||
Share capital | 6,676 | 6,676 | - | ||
Capital surplus | 4,516 | 4,516 | - | ||
Retained earnings | 38,792 | 39,759 | 967 | ||
Treasury shares | △2,459 | △2,459 | △0 | ||
Total shareholders' equity | 47,525 | 81.3% | 48,493 | 81.4% | 967 |
Accumulated other comprehensive income | |||||
Valuation difference on available-for-sale securities | 249 | 366 | 116 | ||
Deferred gains or losses on hedges | 131 | 218 | 87 | ||
Foreign currency translation adjustment | △55 | △41 | 14 | ||
Remeasurements of defined benefit plans | 31 | 34 | 2 | ||
Total accumulated other comprehensive income | 356 | 0.6% | 577 | 1.0% | 221 |
Total net assets | 47,882 | 81.9% | 49,070 | 82.3% | 1,188 |
Total liabilities and net assets | 58,457 | 100.0% | 59,597 | 100.0% | 1,139 |
3/4
3.Capital expenditure, Depreciation, and other
(Millions of yen)
FY2022 | FY2023 | ||||
1st half | 2nd half | Full year | 1st half | ||
Electric Wire and Cable Business | 564 | 370 | 934 | 387 | |
Electronic Materials Business | 303 | 341 | 644 | 464 | |
Other Businesses | 30 | 63 | 93 | 46 | |
Corporate | 13 | 17 | 30 | 35 | |
Capital expenditure | 911 | 791 | 1,702 | 933 | |
Electric Wire and Cable Business | 403 | 436 | 839 | 376 | |
Electronic Materials Business | 394 | 420 | 814 | 361 | |
Other Businesses | 80 | 84 | 164 | 71 | |
Corporate | 85 | 89 | 174 | 72 | |
Depreciation | 965 | 1,028 | 1,993 | 882 | |
R&D | |||||
R&D expenses | 641 | 665 | 1,306 | 681 | |
R&D expenses as a percentage of | 2.1% | 2.1% | 2.1% | 2.2% | |
net sales | |||||
4.Trends in the number of employees
FY2021 | FY2022 | FY2022 | FY2023 | ||
(As of March | (As of | (As of March | (As of | ||
31, 2022) | September 30, | 31, 2023) | September 30, | ||
2022) | 2023) | ||||
Electric Wire and Cable Business | 580 | 579 | 587 | 593 | |
Electronic Materials Business | 241 | 257 | 257 | 263 | |
Other Businesses | 105 | 115 | 115 | 115 | |
Corporate | 85 | 91 | 87 | 88 | |
Number of employees | 1,011 | 1,042 | 1,046 | 1,059 | |
Note:
Figures indicate number of employees including those seconded from outside the group and excluding those seconded to outside the group. Part-time and temporary employees are also excluded.
4/4
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
TATSUTA Electric Wire and Cable Co. Ltd. published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2023 07:12:45 UTC.