Consolidated Financial Results for the Third Quarter of FY2021 Ending March 2022
(Japanese GAAP)
TOPCON CORPORATION
Release Date: January 28, 2022
1. Summary of Third Quarter Business Results for FY2021 ending March 2022 (April 1, 2021 - December 31, 2021)
"%" indicate year-to-year increase (decrease) | |||||||||||||
(1) Consolidated business results | (Rounded down to the nearest million yen) | ||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||
owners of parent | |||||||||||||
million yen | % | million yen | % | million yen | % | million yen | % | ||||||
3rd quarter of FY2021 | 124,834 | 34.2 | 10,347 | 610.9 | 9,246 | * - | 5,752 | - | |||||
3rd quarter of FY2020 | 92,991 | (7.7) | 1,455 | (52.5) | 60 | (96.6) | (1,322) | - | |||||
Note: | Comprehensive income | 7,433 million yen ( - % ) | |||||||||||
3rd quarter of FY2021 | |||||||||||||
3rd quarter of FY2020 | (21) million yen ( - % ) | ||||||||||||
Basic earnings per | Diluted earnings per | ||||||||||||
share | share | ||||||||||||
yen | yen | ||||||||||||
3rd quarter of FY2021 | 54.68 | 54.68 | |||||||||||
3rd quarter of FY2020 | (12.58) | - | |||||||||||
* Year-to-year increase (decrease) percentage of ordinary profit for the 3rd quarter of FY2021 is shown as − because the percentage was in excess of 1,000%. | |||||||||||||
(2) Consolidated financial position | |||||||||||||
Total assets | Net assets | Shareholders' equity | Shareholders' equity | ||||||||||
ratio | per share | ||||||||||||
million yen | million yen | % | yen | ||||||||||
3rd quarter of FY2021 | 174,492 | 75,982 | 42.7 | 708.66 | |||||||||
FY2020 ended March 2021 | 168,210 | 70,687 | 41.2 | 659.31 | |||||||||
Note: | Shareholders' equity | 74,557 million yen | |||||||||||
3rd quarter of FY2021 | |||||||||||||
FY2020 ended March 2021 | 69,351 million yen | ||||||||||||
2. Dividends | |||||||||||||
Dividends per share | |||||||||||||
end of 1st qtr | end of 2nd qtr | end of 3rd qtr | year-end | Total | |||||||||
yen | yen | yen | yen | yen | |||||||||
FY2020 ended March 2021 | - | 0.00 | - | 10.00 | 10.00 | ||||||||
FY2021 ending March 2022 | - | 10.00 | - | ||||||||||
FY2021 ending March 2022 (forecast) | 10.00 | 20.00 | |||||||||||
*Revision to the most recently disclosed dividend | forecasts : No |
3. Business Forecasts for FY2021 ending March 2022 (April 1, 2021 - March 31, 2022)
"%" indicate year-to-year increase (decrease) | |||||||||||
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 | |||
Annual | 165,000 | 20.2 | 13,500 | 104.7 | 11,500 | 105.8 | 7,000 | 194.6 | 66.54 | ||
*Revision to the most recently disclosed business forecasts : Yes | |||||||||||
Note: | The forecasts above were prepared on the premise of future forecasts available at the time of the release of this document, such as trends | ||||||||||
of business, competition environment, and currency exchange rates. Due to unforeseen circumstances, however, the actual results may differ | |||||||||||
from these forecast data. |
Consolidated quarterly financial statements
Consolidated quarterly balance sheets
(Unit: million yen) | ||
FY2020 | 3rd quarter of | |
ended March 2021 | FY2021 | |
Assets | ||
Current assets | 20,815 | 24,322 |
Cash and deposits | ||
Notes and accounts receivable - trade | 42,028 | 37,617 |
Merchandise and finished goods | 17,570 | 18,917 |
Work in process | 1,537 | 1,890 |
Raw materials and supplies | 13,298 | 17,061 |
Other | 9,665 | 9,854 |
Allowance for doubtful accounts | (2,973) | (3,182) |
Total current assets | 101,942 | 106,481 |
Non-current assets | 22,520 | 23,992 |
Property, plant and equipment | ||
Intangible assets | 9,307 | 8,261 |
Goodwill | ||
Other | 18,648 | 20,393 |
Total intangible assets | 27,955 | 28,654 |
Investments and other assets | 15,792 | 15,363 |
Total non-current assets | 66,268 | 68,010 |
Total assets | 168,210 | 174,492 |
Liabilities | ||
Current liabilities | 12,880 | 14,122 |
Notes and accounts payable - trade | ||
Current portion of bonds payable | - | 10,000 |
Short-term borrowings | 12,530 | 12,929 |
Lease obligations | 1,357 | 1,468 |
Income taxes payable | 1,005 | 1,592 |
Provision for product warranties | 1,009 | 1,299 |
Other | 20,278 | 19,887 |
Total current liabilities | 49,062 | 61,299 |
Non-current liabilities | 30,000 | 20,000 |
Bonds payable | ||
Long-term borrowings | 5,162 | 2,766 |
Lease obligations | 3,937 | 3,853 |
Provision for retirement benefits for directors (and other officers) | 51 | 57 |
Retirement benefit liability | 4,582 | 4,462 |
Other | 4,727 | 6,070 |
Total non-current liabilities | 48,460 | 37,211 |
Total liabilities | 97,522 | 98,510 |
Net assets | ||
Shareholders' equity | 16,697 | 16,706 |
Share capital | ||
Capital surplus | 20,599 | 20,608 |
Retained earnings | 37,074 | 40,723 |
Treasury shares | (3,170) | (3,171) |
Total shareholders' equity | 71,200 | 74,866 |
Accumulated other comprehensive income | 1,095 | 933 |
Valuation difference on available-for-sale securities | ||
Deferred gains or losses on hedges | (14) | (7) |
Foreign currency translation adjustment | (2,360) | (791) |
Remeasurements of defined benefit plans | (569) | (444) |
Total accumulated other comprehensive income | (1,849) | (308) |
Share acquisition rights | 67 | 44 |
Non-controlling interests | 1,269 | 1,379 |
Total net assets | 70,687 | 75,982 |
Total liabilities and net assets | 168,210 | 174,492 |
Consolidated quarterly statements of income
(Unit: million yen) | ||
3rd quarter of | 3rd quarter of | |
FY2020 | FY2021 | |
Net sales | 92,991 | 124,834 |
Cost of sales | 47,315 | 60,875 |
Gross profit | 45,676 | 63,959 |
Selling, general and administrative expenses | 44,221 | 53,611 |
Operating profit | 1,455 | 10,347 |
Non-operating income | ||
Interest income | 61 | 52 |
Dividend income | 46 | 35 |
Subsidy income | 105 | - |
Other | 154 | 209 |
Total non-operating income | 368 | 297 |
Non-operating expenses | ||
Interest expenses | 463 | 337 |
Share of loss of entities accounted for using equity method | 247 | 265 |
Foreign exchange losses | 220 | 29 |
Loss on valuation of investment securities | - | 115 |
Compensation expenses | - | 188 |
Other | 831 | 462 |
Total non-operating expenses | 1,763 | 1,399 |
Ordinary profit | 60 | 9,246 |
Extraordinary income | ||
Subsidy income | - | 495 |
Total extraordinary income | - | 495 |
Extraordinary losses | - | 203 |
Impairment losses | ||
Extra retirement payments | 221 | - |
Total extraordinary losses | 221 | 203 |
Profit (loss) before income taxes | (160) | 9,538 |
Income taxes - current | 1,165 | 3,675 |
Income taxes - deferred | (48) | 4 |
Total income taxes | 1,116 | 3,679 |
Profit (loss) | (1,277) | 5,859 |
Profit attributable to non-controlling interests | 45 | 106 |
Profit (loss) attributable to owners of parent | (1,322) | 5,752 |
[Segment Information by business category]
3rd quarter of FY2020 (April 1, 2020 - December 31, 2020) | (Unit: million yen) | |||||||
Reportable segment | Elimination & | |||||||
Smart | Positioning | Eye Care | Total | |||||
Infrastructure | Other | Sub-Total | Common | |||||
Company | Business | |||||||
Business | ||||||||
Sales | ||||||||
Sales to | 17,386 | 45,942 | 28,827 | 835 | 92,991 | - | 92,991 | |
unaffiliated customers | ||||||||
Intercompany sales | 6,417 | 3,118 | 149 | 2 | 9,688 | (9,688) | - | |
or transfer | ||||||||
Total | 23,804 | 49,061 | 28,976 | 838 | 102,680 | (9,688) | 92,991 | |
Segment Profit | 2,944 | 3,087 | (1,211) | (340) | 4,479 | (3,024) | 1,455 | |
(Operating Income) | ||||||||
Note: Segment Profit (3,024) on Elimination & Common is mainly goodwill amortization expense and corporate expense (advanced research and development expense), both of which are not distributed to each reportable segment .
3rd quarter of FY2021 (April 1, 2021 - December 31, 2021) | (Unit: million yen) | |||||||
Reportable segment | Elimination & | |||||||
Smart | Positioning | Eye Care | Total | |||||
Infrastructure | Other | Sub-Total | Common | |||||
Company | Business | |||||||
Business | ||||||||
Sales | ||||||||
Sales to | 18,514 | 64,236 | 41,218 | 866 | 124,834 | - | 124,834 | |
unaffiliated customers | ||||||||
Intercompany sales | 9,513 | 3,576 | 142 | 1 | 13,233 | (13,233) | - | |
or transfer | ||||||||
Total | 28,027 | 67,812 | 41,360 | 867 | 138,068 | (13,233) | 124,834 | |
Segment Profit | 4,405 | 7,248 | 1,983 | (264) | 13,373 | (3,025) | 10,347 | |
(Operating Income) | ||||||||
Note: Segment Profit (3,025) on Elimination & Common is mainly goodwill amortization expense and corporate expense (advanced research and development expense), both of which are not distributed to each reportable segment .
[Overseas Sales]
3rd quarter of FY2020 (April 1, 2020 - December 31, 2020) | (Unit: million yen) | |||||||
North | Europe | China | Asia / | Other | Total | |||
America | Oceania | |||||||
Oversea sales | 29,400 | 22,305 | 6,477 | 7,452 | 5,732 | 71,368 | ||
Consolidated Sales | 92,991 | |||||||
Ratio to Consolidated Sales (%) | 31.6 | 24.0 | 7.0 | 8.0 | 6.2 | 76.7 | ||
3rd quarter of FY2021 (April 1, 2021 - December 31, 2021) | (Unit: million yen) | |||||||
North | Europe | China | Asia / | Other | Total | |||
America | Oceania | |||||||
Oversea sales | 41,163 | 32,035 | 8,532 | 10,719 | 8,137 | 100,587 | ||
Consolidated Sales | 124,834 | |||||||
Ratio to Consolidated Sales (%) | 33.0 | 25.7 | 6.8 | 8.6 | 6.5 | 80.6 |
Notes:1. Sales are classified by country or region based on the location of customers.
2. The main regions which belong to "other" category are Latin America, Middle East, Russia, and Africa.
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Topcon Corporation published this content on 28 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2022 06:25:33 UTC.