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 December 31, 2021 (Based on Japanese GAAP)
February 10, 2022 | ||||
Company name: | TKC Corporation | |||
Stock exchange listing: | Tokyo | |||
Stock code: | 9746 | URL https://www.tkc.jp/ | ||
Representative: | President and Representative Director | Masanori Iizuka | ||
Inquiries: | Director and Managing Executive Officer | Kiyotsugu Nakanishi | TEL 03-3235-5511 | |
Scheduled date to file Quarterly Securities Report: | February 14, 2022 | |||
Scheduled date to commence dividend payments: | - | |||
Preparation of supplementary material on quarterly financial results: | No | |||
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 December 31, 2021 (from October 1, 2021 to December 31, 2021)
(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 December 31, 2021 | 15,292 | 3.1 | 3,091 | 15.7 | 3,242 | 15.1 | 2,228 | 18.9 | ||||||||
Three months ended December 31, 2020 | 14,837 | (9.1) | 2,670 | 8.4 | 2,816 | 9.1 | 1,873 | 17.5 | ||||||||
Earnings per share | Diluted earnings per share | |||||||||||||||
Yen | Yen | |||||||||||||||
Three months ended December 31, 2021 | 42.41 | - | ||||||||||||||
Three months ended December 31, 2020 | 35.64 | - | ||||||||||||||
(2) Consolidated financial position | ||||||||||||||||
Total assets | Net assets | Equity ratio | ||||||||||||||
Millions of yen | Millions of yen | % | ||||||||||||||
As of December 31, 2021 | 98,860 | 82,409 | 83.4 | |||||||||||||
As of September 30, 2021 | 103,406 | 83,416 | 80.7 | |||||||||||||
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 September 30, 2021 | - | 65.00 | - | 39.50 | - | |||||||||||
Year ending September 30, 2022 | - | |||||||||||||||
Year ending September 30, 2022 | 36.00 | - | 36.00 | 72.00 | ||||||||||||
(Forecast) | ||||||||||||||||
3. Forecast of consolidated financial results for the year ending September 30, 2022 (from October 1, 2021 to September 30, 2022)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | |||||
owners of parent | |||||||||
Six months ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen |
33,140 | (0.7) | 6,730 | (14.9) | 6,920 | (14.4) | 4,740 | (13.7) | 89.99 | |
March 31, 2022 | |||||||||
Full year | 67,550 | 2.0 | 12,560 | 2.0 | 12,930 | 2.0 | 8,860 | 2.0 | 168.21 |
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4. Notes
- Changes in significant subsidiaries during the three months ended December 31, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation):
- 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: | Yes |
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 December 31, 2021 | 53,462,066 | shares | As of September 30, 2021 | 53,462,066 | shares | |
Number of treasury shares at the end of the period | ||||||
As of December 31, 2021 | 1,048,903 | shares | As of September 30, 2021 | 748,935 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Three months ended December 31, 2021 | 52,543,592 | shares | Three months ended December 31, 2020 | 52,562,719 | shares |
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Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of September 30, 2021 | As of December 31, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 26,426 | 23,918 | |
Notes and accounts receivable - trade | 6,973 | - | |
Notes and accounts receivable - trade, and contract | - | 6,911 | |
assets | |||
Inventories | 412 | 562 | |
Other | 2,309 | 1,597 | |
Allowance for doubtful accounts | (14) | (9) | |
Total current assets | 36,107 | 32,979 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 7,855 | 7,741 | |
Land | 6,802 | 6,802 | |
Other, net | 2,882 | 2,798 | |
Total property, plant and equipment | 17,540 | 17,342 | |
Intangible assets | 3,605 | 3,696 | |
Investments and other assets | |||
Investment securities | 19,705 | 19,475 | |
Long-term time deposits | 16,600 | 16,600 | |
Guarantee deposits | 1,440 | 1,436 | |
Other | 8,406 | 7,329 | |
Total investments and other assets | 46,152 | 44,841 | |
Total non-current assets | 67,298 | 65,880 | |
Total assets | 103,406 | 98,860 | |
Liabilities | |||
Current liabilities | |||
Accounts payable - trade | 2,402 | 2,034 | |
Electronically recorded obligations - operating | 834 | 858 | |
Short-term borrowings | 80 | 71 | |
Accounts payable - other | 3,034 | 2,660 | |
Income taxes payable | 2,211 | 106 | |
Contract liabilities | - | 498 | |
Provision for bonuses | 4,073 | 1,491 | |
Other | 2,083 | 3,436 | |
Total current liabilities | 14,721 | 11,158 | |
Non-current liabilities | |||
Long-term borrowings | 214 | 214 | |
Retirement benefit liability | 3,554 | 3,576 | |
Provision for share awards | 307 | 313 | |
Other | 1,192 | 1,187 | |
Total non-current liabilities | 5,268 | 5,292 | |
Total liabilities | 19,990 | 16,450 |
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(Millions of yen) | |||
As of September 30, 2021 | As of December 31, 2021 | ||
Net assets | |||
Shareholders' equity | |||
Share capital | 5,700 | 5,700 | |
Capital surplus | 6,589 | 6,589 | |
Retained earnings | 73,411 | 73,549 | |
Treasury shares | (1,352) | (2,385) | |
Total shareholders' equity | 84,348 | 83,452 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 449 | 295 | |
Remeasurements of defined benefit plans | (1,382) | (1,338) | |
Total accumulated other comprehensive income | (932) | (1,042) | |
Total net assets | 83,416 | 82,409 | |
Total liabilities and net assets | 103,406 | 98,860 |
4
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 | ||
December 31, 2020 | December 31, 2021 | ||
Net sales | 14,837 | 15,292 | |
Cost of sales | 4,295 | 4,348 | |
Gross profit | 10,542 | 10,943 | |
Selling, general and administrative expenses | 7,871 | 7,852 | |
Operating profit | 2,670 | 3,091 | |
Non-operating income | |||
Interest income | 11 | 16 | |
Dividend income | 70 | 83 | |
Dividend income of insurance | 12 | 18 | |
Rental income from land and buildings | 12 | 13 | |
Other | 38 | 18 | |
Total non-operating income | 145 | 151 | |
Non-operating expenses | |||
Interest expenses | 0 | 0 | |
Commission for purchase of treasury shares | - | 0 | |
Total non-operating expenses | 0 | 0 | |
Ordinary profit | 2,816 | 3,242 | |
Extraordinary income | |||
Gain on sale of non-current assets | 0 | 0 | |
Total extraordinary income | 0 | 0 | |
Extraordinary losses | |||
Loss on retirement of non-current assets | 0 | 1 | |
Total extraordinary losses | 0 | 1 | |
Profit before income taxes | 2,815 | 3,241 | |
Income taxes - current | 106 | 45 | |
Income taxes - deferred | 834 | 967 | |
Total income taxes | 941 | 1,013 | |
Profit | 1,873 | 2,228 | |
Profit attributable to owners of parent | 1,873 | 2,228 |
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TKC Corporation published this content on 14 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2022 07:22:16 UTC.