Summary of Consolidated Financial Statements for the Third Quarter Fiscal 2021 (JPGAAP)
January 31, 2022 | |||
Tokuyama Corporation | Stock exchange listings: | Tokyo | |
(URL https://www.tokuyama.co.jp/eng/) | Local Code : | 4043 | |
Representative: | Hiroshi Yokota, President and Representative Director | ||
Contact: | Tetsuya Nakano, General Manager, Corporate Communications & Investor Relations Dept. | ||
+81-3-5207-2552 |
Scheduled date of dividends payout : | - |
Preparation of supplementary quarterly explanatory materials: Yes | |
Quarterly business results IR briefing to be held: | Yes (for institutional investors and analysts) |
1. Consolidated results for fiscal third quarter ended Dec. 31, 2021 (Apr. 1, 2021 - Dec. 31, 2021)
(1) Performance | Note: All amounts are rounded down to the nearest million yen. | |||||
Net sales | Operating profit | Ordinary profit | ||||
(millions of | Year-on- | (millions of | Year-on- | (millions of | Year-on- | |
year change | year change | year change | ||||
yen) | yen) | yen) | ||||
[%] | [%] | [%] | ||||
Third Quarter Fiscal 2021 | 211,609 | (4.2) | 17,118 | (21.1) | 17,665 | (16.6) | ||
Third Quarter Fiscal 2020 | 220,923 | (6.6) | 21,700 | (12.3) | 21,181 | (10.9) | ||
(Note) Comprehensive income: 3rd Q FY21: 14,644 million yen [(33.4)%] | 3rd Q FY20: 21,991 million yen [19.3%] | |||||||
Profit attributable to | Basic earnings per | Diluted earnings | ||||||
owners of parent | share | per share | ||||||
(millions of yen) | Year-on-year | (yen) | (yen) | |||||
change [%] | ||||||||
Third Quarter Fiscal 2021 | 13,376 | (30.8) | 185.87 | - | ||||
Third Quarter Fiscal 2020 | 19,318 | 7.3 | 278.14 | - |
(2) Consolidated financial position
Total assets | Net assets | Shareholders' | Net assets per | ||||
Equity ratio | share | ||||||
(millions of yen) | (millions of yen) | (%) | (yen) | ||||
December 31, 2021 | 402,253 | 216,437 | 51.8 | 2,894.33 | |||
March 31, 2021 | 386,794 | 205,261 | 51.3 | 2,758.37 | |||
(Reference) Shareholders' equity: | Dec. 31, 2021: | 208,252 million yen | Mar. 31, 2021: | 198,561 million yen |
(Note)The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Corporate Accounting Standard No. 29, March 31, 2020), etc. effective from the beginning of the first quarter ended June 30, 2021 in accordance with transitional treatment. For more details, please refer to "2. Quarterly Consolidated Financial Statements and (4) Notes on Quarterly Consolidated Financial Statements (Changes in accounting policy)" on page 13 of the Accompanying Materials to this Summary of Quarterly Consolidated Financial Statement.
2. Dividends
Annual dividends per share | |||||
(Period) | 1st quarter | 2nd quarter | 3rd quarter | Year-end | Total |
Fiscal 2020, ended | (yen) | (yen) | (yen) | (yen) | (yen) |
- | 35.00 | - | 35.00 | 70.00 | |
Mar 31, 2021 | |||||
Fiscal 2021, ending | - | 35.00 | - | ||
Mar 31, 2022 | |||||
Fiscal 2021 | 35.00 | 70.00 | |||
(Forecast) | |||||
(Note) Revision of the latest dividends forecast: No
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3. Consolidated performance forecast for fiscal 2021 (April 1, 2021 - March 31, 2022)
(% indicates | the | rate of | change over | the corresponding previous periods respectively) | ||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | ||||||
owners of parent | per share | |||||||||
(millions of | [%] | (millions | of | [%] | (millions of | [%] | (millions of | [%] | (yen) | |
Fiscal 2021 | yen) | (3.1) | yen) | (28.9) | yen) | (28.6) | yen) | (10.3) | 305.66 | |
293,000 | 22,000 | 22,000 | 22,000 |
(Note) Revision of the latest consolidated performance forecast: No
*Notes
- Changes in significant subsidiaries during this period
- No
- Application of accounting methods specific to the preparation of the quarterly consolidated financial statements
- Yes
(Note) For more details, please refer to "2. Quarterly Consolidated Financial Statements and (4) Notes on Quarterly Consolidated Financial Statements (Application of accounting methods specific to the preparation of the quarterly consolidated financial statements)" on page 12 of the Accompanying Materials to this Summary of Quarterly Consolidated Financial Statement.
(3) Changes of accounting policies, changes in accounting estimates, and retrospective restatements
i. Changes in accounting policy by revision of accounting standards: | Yes |
ii. Changes in accounting policy other than the above: | No |
iii. Changes in accounting estimates: | No |
iv. Retrospective restatements: | No |
(Note) For more details, please refer to "2. Quarterly Consolidated Financial Statements and (4) Notes on Quarterly Consolidated Financial Statements (Changes in accounting policy)" on page 13 of the Accompanying Materials to this Summary of Quarterly Consolidated Financial Statement.
- Number of shares issued (in common stock)
- Number of shares issued at end of period (including treasury stock):
- Number of treasury stock at end of period:
- Average number of shares over period:
3rd Quarter | 72,088,327 | Fiscal 2020: | 72,088,327 |
Fiscal 2021: | |||
3rd Quarter | 136,675 | Fiscal 2020: | 103,403 |
Fiscal 2021: | |||
3rd Quarter | 71,968,075 | 3rd Quarter | 69,456,421 |
Fiscal 2021: | Fiscal 2020: | ||
(Note) Notice on the implementation of quarterly review procedures
This summary of quarterly consolidated financial statements is not subject to quarterly review procedures in line with the Financial Instruments and Exchange Act. At the point of disclosure of this summary of quarterly consolidated financial statements, the quarterly consolidated financial statements review procedures in line with the Financial Instruments and Exchange Act are underway.
(Note) Cautions pertaining to appropriate use of performance forecast and other particular items
(Cautions related to Forward-looking statement)
The performance forecast and other forward-looking statements contained in this material have been prepared on the basis of information available at this point and certain assumptions which are judged to be rational, and may be substantially different from the actual performance because of various factors that may arise from now on.
(Access to supplementary explanations on business results)
The Company also supplementary materials "Presentation for IR Meeting" through TDnet at the same date.
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Contents for Accompanying Materials
- Qualitative information on consolidated results for this quarter
- Explanation concerning business results
- Explanation concerning financial position
- Explanation concerning information related to future prediction such as consolidated performance forecast
- Quarterly Consolidated Financial Statements
- Quarterly Consolidated Balance Sheets
- Quarterly Consolidated Statements of Income
- Quarterly Consolidated Statements of Comprehensive Income
- Notes on Quarterly Consolidated Financial Statements
- Segment Information
- Material Subsequent Event
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1. Qualitative information on consolidated results for this quarter
(1) Explanation concerning business results
Consolidated results for the third quarter fiscal 2021 (April 1, 2021 - December 31, 2021) are summarized as follows:
The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Corporate Accounting Standard No. 29, March 31, 2020), etc. effective from the beginning of the first quarter ended June 30, 2021 in accordance with transitional treatment. The effect of this change was to decrease net sales by ¥ 35,509 million and cost of sales by ¥ 35,509 million compared with the previous accounting method. For more details, please refer to "2. Quarterly Consolidated Financial Statements and (4) Notes on Quarterly Consolidated Financial Statements (Changes in accounting policy)."
(Unit: Millions of yen) | ||||
Operating | Profit | |||
Net sales | Ordinary profit | attributable to | ||
profit | owners of | |||
parent | ||||
Third Quarter Fiscal 2021 | 211,609 | 17,118 | 17,665 | 13,376 |
Third Quarter Fiscal 2020 | 220,923 | 21,700 | 21,181 | 19,318 |
Rate of change (%) | (4.2) | (21.1) | (16.6) | (30.8) |
Net sales
Sales rose owing to higher petrochemical product sales prices and solid sales of semiconductor-related products. Nevertheless, net sales decreased 4.2%, or ¥ 9,314 million compared with the corresponding period of the previous year, to ¥ 211,609 million due to the application of Accounting Standard for Revenue Recognition, etc.
Cost of sales
Although raw material and fuel costs increased, cost of sales decreased 6.4%, or ¥ 9,718 million compared with the corresponding period of the previous year, to ¥ 141,845 million due to the application of Accounting Standard for Revenue Recognition, etc.
SG&A expenses
SG&A expenses increased 10.5%, or ¥ 4,986 million compared with the corresponding period of the previous year, to ¥ 52,645 million mainly due to increases in logistics costs and R&D expenses.
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Operating profit
Operating profit decreased 21.1%, or ¥ 4,581 million compared with the corresponding period of the previous consolidated fiscal year, to ¥ 17,118 million. Despite upturn in export prices of vinyl chloride monomer, this decrease in operating profit was mainly due to higher raw material and fuel costs.
Non-operating income/expenses, Ordinary profit
Non-operating income/expenses improved by ¥ 1,065 million compared with the corresponding period of the previous consolidated fiscal year.
As a result of the above, ordinary profit decreased 16.6 %, or ¥ 3,516 million compared with the corresponding period of the previous consolidated fiscal year, to ¥ 17,665 million.
Extraordinary income/losses, Profit before income taxes, Profit, Profit attributable to owners of parent
Extraordinary income/losses improved by ¥ 1,653 million compared with the corresponding period of the previous consolidated fiscal year.
As a result of the above, profit before income taxes decreased 8.6%, or ¥ 1,863 million compared with the corresponding period of the previous consolidated fiscal year, to ¥ 19,812 million.
Profit after deducting income taxes calculated in an appropriate way decreased 32.1%, or ¥ 6,336 million compared with the corresponding period of the previous consolidated fiscal year, to ¥ 13,386 million.
Profit attributable to owners of parent decreased 30.8%, or ¥ 5,942 million compared with the corresponding period of the previous consolidated fiscal year, to ¥ 13,376 million.
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Tokuyama Corporation published this content on 31 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2022 00:10:06 UTC.