Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Consolidated Financial Results
for the Nine Months Ended October 31, 2021
[Japanese GAAP]
Company name: TOHO Co.,Ltd. | December 10, 2021 |
Stock exchange listing: Tokyo | |
Code number: 8142 | |
URL: https://www.to-ho.co.jp | |
Representative: Hiroyuki Koga | Representative Director & President |
Contact: Toshiaki Sato | Executive Director |
Phone: 078-845-2431
Scheduled date of filing quarterly securities report: December 13, 2021
Scheduled date of commencing dividend payments: -
Availability of supplementary briefing material on quarterly financial results: No
Schedule of quarterly financial results briefing session: No
(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Nine Months Ended October 31, 2021 (February 01, 2021 to October 31, 2021)
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||
owners of parent | ||||||||||||
Nine months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||
October 31, 2021 | 134,593 | (1.0) | (1,448) | - | (907) | - | (1,170) | - | ||||
October 31, 2020 | 135,957 | (19.8) | (3,084) | - | (2,233) | - | (3,020) | - |
(Note) Comprehensive income: | Nine months ended October 31, 2021: |
Nine months ended October 31, 2020: |
¥ | (729) | million | [ | -%] |
¥ | (3,680) | million | [ | -%] |
Basic earnings | Diluted earnings per | ||||
per share | share | ||||
Nine months ended | Yen | Yen | |||
October 31, 2021 | (108.77) | - | |||
October 31, 2020 | (280.82) | - | |||
(2) Consolidated Financial Position | |||||
Total assets | Net assets | Capital adequacy ratio | |||
As of | Million yen | Million yen | % | ||
October 31, 2021 | 84,491 | 18,312 | 21.3 | ||
January 31, 2021 | 83,162 | 19,384 | 22.6 | ||
(Reference) Equity: As of | October 31, 2021: | ¥ | 18,012 million | ||
As of | January 31, 2021: | ¥ | 18,794 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 January 31, 2021 | - | 0.00 | - | 0.00 | 0.00 | ||
Fiscal year ending January 31, 2022 | - | 0.00 | - | ||||
Fiscal year ending January 31, 2022 | - | - | |||||
(Forecast) | |||||||
(Note) Revision to the forecast for dividends | announced most | recently: | No |
(Note) For the forecast of dividends per share for the fiscal year ending January 31, 2022, it remains undetermined at this moment.
3. Consolidated Financial Results Forecast for the Fiscal Year Ending January 31, 2022(February 01, 2021 to January 31, 2022)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | |||||||||
owners of parent | per share | ||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |||||
Full year | 190,000 | 2.0 | (500) | - | 100 | - | 0 | - | 0.00 | ||||
(Note) Revision to the financial results forecast announced most recently: | No | ||||||||||||
* Notes: | |||||||||||||
(1) Changes in significant subsidiaries during the nine months ended October 31, 2021 | |||||||||||||
(changes in specified subsidiaries resulting in changes in scope of consolidation): | No | ||||||||||||
New | - | (Company name: | ) | ||||||||||
Exclusion: | - | (Company name: | ) | ||||||||||
(2) 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: No
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
October 31, 2021: | 11,012,166 | shares | |
January 31, 2021: | 11,012,166 | shares | |
2) | Total number of treasury shares at : | ||
October 31, 2021: | 255,338 | shares | |
January 31, 2021: | 255,179 | shares | |
3) | Average number of shares during : | ||
Nine months ended October 31, 2021: | 10,756,888 shares | ||
Nine months ended October 31, 2020: | 10,757,095 shares |
* This document is exempt from quarterly review conducted by certified public accountants or an audit corporation.
Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets
(Million yen) | ||||
As of January 31,2021 | As of October 31,2021 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 6,988 | 7,339 | ||
Notes and accounts receivable - trade | 14,643 | 17,178 | ||
Merchandise and finished goods | 10,255 | 10,565 | ||
Raw materials and supplies | 33 | 25 | ||
Other | 3,387 | 3,353 | ||
Allowance for doubtful accounts | (61) | (79) | ||
Total current assets | 35,246 | 38,384 | ||
Non-current assets | ||||
Property, plant and equipment | ||||
Buildings and structures, net | 9,507 | 9,246 | ||
Land | 15,738 | 15,514 | ||
Other, net | 4,389 | 3,904 | ||
Total property, plant and equipment | 29,635 | 28,664 | ||
Intangible assets | ||||
Goodwill | 6,654 | 6,229 | ||
Other | 897 | 722 | ||
Total intangible assets | 7,551 | 6,952 | ||
Investments and other assets | ||||
Investment securities | 2,028 | 1,872 | ||
Shares of subsidiaries and associates | 434 | 413 | ||
Leasehold deposits | 3,807 | 3,699 | ||
Retirement benefit asset | 3,263 | 3,402 | ||
Other | 1,367 | 1,258 | ||
Allowance for doubtful accounts | (172) | (156) | ||
Total investments and other assets | 10,728 | 10,489 | ||
Total non-current assets | 47,915 | 46,106 | ||
Total assets | 83,162 | 84,491 |
(Million yen) | ||||
As of January 31,2021 | As of October 31,2021 | |||
Liabilities | ||||
Current liabilities | ||||
Notes and accounts payable - trade | 20,857 | 22,422 | ||
Short-term borrowings | 11,771 | 12,749 | ||
Income taxes payable | 408 | 257 | ||
Provision for bonuses | 418 | 628 | ||
Other provisions | 251 | 339 | ||
Asset retirement obligations | 20 | 49 | ||
Other | 4,153 | 4,413 | ||
Total current liabilities | 37,882 | 40,861 | ||
Non-current liabilities | ||||
Long-term borrowings | 22,159 | 21,758 | ||
Provisions | 4 | 2 | ||
Retirement benefit liability | 431 | 436 | ||
Asset retirement obligations | 848 | 843 | ||
Other | 2,450 | 2,276 | ||
Total non-current liabilities | 25,895 | 25,317 | ||
Total liabilities | 63,777 | 66,179 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 5,344 | 5,344 | ||
Capital surplus | 5,089 | 5,100 | ||
Retained earnings | 8,863 | 7,693 | ||
Treasury shares | (639) | (639) | ||
Total shareholders' equity | 18,657 | 17,498 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale | 417 | 435 | ||
securities | ||||
Deferred gains or losses on hedges | - | 4 | ||
Foreign currency translation adjustment | (543) | (114) | ||
Remeasurements of defined benefit plans | 262 | 188 | ||
Total accumulated other comprehensive income | 136 | 513 | ||
Non-controlling interests | 589 | 299 | ||
Total net assets | 19,384 | 18,312 | ||
Total liabilities and net assets | 83,162 | 84,491 |
Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)
(Million yen) | |||
For the nine months | For the nine months | ||
ended October 31,2020 | ended October 31,2021 | ||
Net sales | 135,957 | 134,593 | |
Cost of sales | 109,365 | 108,176 | |
Gross profit | 26,592 | 26,417 | |
Selling, general and administrative expenses | 29,677 | 27,865 | |
Operating loss | (3,084) | (1,448) | |
Non-operating income | |||
Interest income | 6 | 1 | |
Dividend income | 22 | 17 | |
Subsidies for employment adjustment | 668 | 443 | |
Other financial revenue | - | 10 | |
Other | 320 | 210 | |
Total non-operating income | 1,017 | 683 | |
Non-operating expenses | |||
Interest expenses | 84 | 98 | |
Share of loss of entities accounted for using equity | 21 | 18 | |
method | |||
Other financial expenses | 14 | - | |
Other | 46 | 24 | |
Total non-operating expenses | 166 | 142 | |
Ordinary loss | (2,233) | (907) | |
Extraordinary income | |||
Gain on sales of non-current assets | 9 | 36 | |
Gain on sales of investment securities | - | 216 | |
Other | 1 | - | |
Total extraordinary income | 11 | 252 | |
Extraordinary losses | |||
Loss on sales of non-current assets | 10 | 50 | |
Impairment loss | 596 | 89 | |
Loss on retirement of non-current assets | 209 | 28 | |
Loss on valuation of investment securities | 203 | - | |
Loss on store closings | 67 | 21 | |
Loss related to COVID | 51 | - | |
Total extraordinary losses | 1,139 | 190 | |
Loss before income taxes | (3,361) | (845) | |
Income taxes | (373) | 263 | |
Loss | (2,987) | (1,109) | |
Profit attributable to non-controlling interests | 33 | 60 | |
Loss attributable to owners of parent | (3,020) | (1,170) |
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TOHO Co. Ltd. published this content on 15 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2021 07:38:05 UTC.