Summary of Consolidated Business Results for Fiscal 2021
July 14, 2022 | |||
Company Name: | Toyo Denki Seizo K.K. | Stock Exchange: 1st Section of the Tokyo Stock Exchange | |
Stock Code: | 6505 | URL | https://www.toyodenki.co.jp |
Representative: | Akira Watanabe, President | ||
Inquiries: | Toshihito Nakanishi, Operating Officer, General Manager, Management Planning Division TEL: +81-3- | ||
5202-8122 |
Scheduled date of convention of ordinary general meeting of shareholders | : | August 25, 2022 |
Scheduled date of commencement of dividend payments | : | August 26, 2022 |
Scheduled date of submission of financial report | : | August 26, 2022 |
Preparation of financial report supplemental explanatory materials | : | Yes |
Holding of financial results briefing | : | Yes |
(Note: Amounts less than one million yen in financial statements and supplementary data are rounded down.)
1. Consolidated Business Results for Fiscal 2021 (June 1, 2021 to May 31, 2022)
(1) Consolidated Operating Results
(Percentage figures show year-on-year increase or decrease.)
Net Sales | Operating Income | Ordinary Income | Net Income Attributable to | ||||||||||||||||||
Owners of the Parent | |||||||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||||||||
Fiscal 2021 | 30,158 | (9.0) | 171 | (59.4) | 766 | 1.2 | (930) | - | |||||||||||||
Fiscal 2020 | 33,143 | (15.2) | 423 | (60.3) | 757 | (37.3) | 977 | (9.6) | |||||||||||||
(Note) Comprehensive income: | Fiscal 2021 | (1,727) million yen [-%] | |||||||||||||||||||
Fiscal 2020 | 94 million yen | ||||||||||||||||||||
Net Income per | Diluted Net Income | Net Income to | Ordinary Income to | Operating Income | |||||||||||||||||
Shareholders' | |||||||||||||||||||||
Share | per Share | Total Assets Ratio | to Net Sales Ratio | ||||||||||||||||||
Equity Ratio | |||||||||||||||||||||
Yen | Yen | % | % | % | |||||||||||||||||
Fiscal 2021 | (104.02) | - | (4.0) | 1.5 | 0.6 | ||||||||||||||||
Fiscal 2020 | 109.38 | - | 4.1 | 1.4 | 1.3 | ||||||||||||||||
(Reference) Equity method investment gain or loss for: | Fiscal 2021 | 242 million yen | |||||||||||||||||||
Fiscal 2020 | (4) million yen | ||||||||||||||||||||
(2) Consolidated Financial Position | |||||||||||||||||||||
Total Assets | Net Assets | Shareholders' Equity | Net Assets per Share | ||||||||||||||||||
Ratio | |||||||||||||||||||||
Millions of yen | Millions of yen | % | Yen | ||||||||||||||||||
Fiscal 2021 | 46,916 | 22,012 | 46.9 | 2,462.17 | |||||||||||||||||
Fiscal 2020 | 51,967 | 24,008 | 46.2 | 2,685.28 | |||||||||||||||||
(Reference) Shareholders' equity: | Fiscal 2021 | 22,012 million yen | |||||||||||||||||||
Fiscal 2020 | 24,008 million yen | ||||||||||||||||||||
(3) Consolidated Cash Flows | |||||||||||||||||||||
Cash Flow from | Cash Flow from | Cash Flow from | Cash and Cash | ||||||||||||||||||
Equivalents at the End of | |||||||||||||||||||||
Operating Activities | Investing Activities | Financing Activities | |||||||||||||||||||
the Fiscal Year | |||||||||||||||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | ||||||||||||||||||
Fiscal 2021 | 2,504 | 289 | (2,356) | 4,449 | |||||||||||||||||
Fiscal 2020 | 1,776 | (155) | (971) | 3,964 |
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2. Dividend Information
Annual Dividend | Total Annual | Dividend | Dividend on | |||||||
Fiscal Year- | Payout Ratio | Equity Ratio | ||||||||
1Q | Interim | 3Q | Total | Dividends | ||||||
End | (consolidated) | (consolidated) | ||||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |||
Fiscal 2020 | - | 0.00 | - | 30.00 | 30.00 | 268 | 27.4 | 1.1 | ||
Fiscal 2021 | - | 0.00 | - | 30.00 | 30.00 | 268 | - | 1.2 | ||
Fiscal 2022 | - | 0.00 | - | 30.00 | 30.00 | 33.5 | ||||
(Forecast) | ||||||||||
3. Consolidated Performance Forecast for Fiscal 2022 (June 1, 2022 to May 31, 2023)
(Percentage figures show year-on-year increase or decrease.)
Net Income | |||||||||||
Net Sales | Operating Income | Ordinary Income | Attributable to | Net Income per | |||||||
Owners of the | Share | ||||||||||
Parent | |||||||||||
Millions | % | Millions | % | Millions | % | Millions | % | Yen | |||
of yen | of yen | of yen | of yen | ||||||||
First 6 months | 16,000 | 8.1 | (80) | - | 160 | - | 300 | 61.1 | 33.56 | ||
Full year | 34,000 | 12.7 | 450 | 161.8 | 700 | (8.6) | 800 | - | 89.48 |
- Notes:
-
Transfers of major subsidiaries during the period (transfers of specified subsidiaries accompanied by changes in the scope of consolidation): No
Newly included: - companies (name of the company) Excluded: - companies (name of the company) - Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies in accordance with revisions to accounting standards and related practices: Yes
- Any changes other than (a) above: No
- Changes in accounting estimates: No
- Restatement: No
- Number of shares outstanding (common stock)
- Number of shares issued as of the end of the period (including treasury stock):
- Number of shares of treasury stock as of the end of the period:
- Average number of shares for the period
Fiscal 2021 | 9,735,000 shares | Fiscal 2020 | 9,735,000 shares |
Fiscal 2021 | 794,608 shares | Fiscal 2020 | 794,128 shares |
Fiscal 2021 | 8,940,590 shares | Fiscal 2020 | 8,941,272 shares |
- 2 -
(Reference) Non-Consolidated Financial Statements
1. Non-Consolidated Business Results for Fiscal 2021 (June 1, 2021 to May 31, 2022)
(1) Non-Consolidated Operating Results
(Percentage figures show year-on-year increase or decrease.)
Net Sales | Operating Income | Ordinary Income | Net Income | |||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||
Fiscal 2021 | 25,834 | (9.3) | (343) | - | 342 | (52.9) | (1,144) | - | ||
Fiscal 2020 | 28,470 | (14.4) | (52) | - | 728 | (23.8) | 1,150 | 30.7 | ||
Net Income per Share | Diluted Net Income per | |||||||||
Share | ||||||||||
Yen | Yen | |||||||||
Fiscal 2021 | (127.99) | - | ||||||||
Fiscal 2020 | 128.68 | - |
(2) Non-Consolidated Financial Position
Total Assets | Net Assets | Shareholders' Equity | Net Assets per Share | |||
Ratio | ||||||
Millions of yen | Millions of yen | % | Yen | |||
Fiscal 2021 | 43,154 | 17,590 | 40.8 | 1,967.57 | ||
Fiscal 2020 | 48,137 | 19,856 | 41.2 | 2,220.82 | ||
(Reference) Shareholders' equity: | Fiscal 2021 | 17,590 million yen | ||||
Fiscal 2020 | 19,856 million yen |
- The Summary of Consolidated Business Results is not subject to auditing by a certified public accountant or audit firm.
-
Disclaimer concerning the proper use of business results forecasts and other relevant specific items
The forecasts for business results presented in this document are based on management's assumptions and beliefs in light of currently available information. Toyo Denki Seizo K.K. (hereinafter Toyo Denki) cautions readers that due to a variety of factors actual results may differ materially from forecasts. Please refer to "(4) Outlook in 1. Overview of business results, etc." on page 3 for details relating to performance forecasts. - This report is an abridged translation of the Japanese summary of consolidated business results, which has been prepared in accordance with accounting principles generally accepted Japan, for reference purpose only.
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Summary of Consolidated Business Results for Fiscal 2021 | Toyo Denki Seizo K.K. (6505) | |||
3. | Consolidated Financial Statements | |||
(1) | Consolidated Balance Sheets | |||
(Millions of yen) | ||||
Fiscal 2020 | Fiscal 2021 | |||
(As of May 31, 2021) | (As of May 31, 2022) | |||
Assets | ||||
Current assets | ||||
Cash and cash equivalents | 3,964 | 4,449 | ||
Notes and accounts receivable - trade, and contract | ||||
assets | - | 12,091 | ||
Trade notes and accounts receivable | 13,218 | - | ||
Electronically recorded monetary claims - operating | 901 | 1,136 | ||
Products and finished goods | 514 | 501 | ||
Work in process | 3,565 | 3,077 | ||
Raw materials and stored goods | 2,821 | 2,688 | ||
Advances | 7 | 8 | ||
Other accounts receivable | 114 | 25 | ||
Other | 196 | 212 | ||
Allowance for doubtful accounts | (2) | (1) | ||
Total current assets | 25,300 | 24,189 | ||
Fixed assets | ||||
Property, plant and equipment | ||||
Buildings and structures | 12,338 | 10,326 | ||
Accumulated depreciation | (5,928) | (6,341) | ||
Buildings and structures, net | 6,410 | 3,985 | ||
Machinery and equipment | 8,397 | 8,185 | ||
Accumulated depreciation | (7,430) | (7,605) | ||
Machinery and equipment, net | 966 | 579 | ||
Land | 1,301 | 1,270 | ||
Construction in progress | 24 | 7 | ||
Other | 4,857 | 4,977 | ||
Accumulated depreciation | (4,234) | (4,497) | ||
Other, net | 622 | 479 | ||
Total property, plant and equipment | 9,325 | 6,322 | ||
Intangible assets | ||||
Software | 289 | 87 | ||
Other | 14 | 14 | ||
Total intangible assets | 303 | 101 | ||
Investments and other assets | ||||
Investment securities | 13,832 | 12,471 | ||
Deferred tax assets | 223 | 883 | ||
Other | 2,988 | 2,953 | ||
Allowance for doubtful accounts | (6) | (6) | ||
Total investments and other assets | 17,037 | 16,302 | ||
Total fixed assets | 26,666 | 22,726 | ||
Total assets | 51,967 | 46,916 |
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Summary of Consolidated Business Results for Fiscal 2021 | Toyo Denki Seizo K.K. (6505) | |||
(Millions of yen) | ||||
Fiscal 2020 | Fiscal 2021 | |||
(As of May 31, 2021) | (As of May 31, 2022) | |||
Liabilities | ||||
Current liabilities | ||||
Trade notes and accounts payable | 1,668 | 1,610 | ||
Electronically recorded obligations - operating | 4,705 | 4,205 | ||
Short-term debt | 2,085 | 585 | ||
Accrued expenses | 611 | 688 | ||
Income taxes payable | 161 | 306 | ||
Consumption and other taxes payable | 207 | 82 | ||
Contract liabilities | - | 47 | ||
Advances received | 34 | - | ||
Deposits received | 193 | 190 | ||
Reserve for directors' bonuses | 36 | 6 | ||
Reserve for employees' bonuses | 827 | 699 | ||
Reserve for order losses | 871 | 970 | ||
Other | 224 | 176 | ||
Total current liabilities | 11,628 | 9,569 | ||
Long-term liabilities | ||||
Long-term debt | 11,759 | 11,173 | ||
Long-term payables | 17 | 38 | ||
Deferred tax liabilities | 427 | - | ||
Net defined benefit liability | 4,124 | 4,113 | ||
Other | 1 | 6 | ||
Total long-term liabilities | 16,330 | 15,333 | ||
Total liabilities | 27,958 | 24,903 | ||
Net assets | ||||
Shareholders' equity | ||||
Capital stock | 4,998 | 4,998 | ||
Capital surplus | 3,177 | 3,177 | ||
Retained earnings | 12,320 | 11,122 | ||
Treasury stock | (1,281) | (1,282) | ||
Total shareholders' equity | 19,214 | 18,016 | ||
Accumulated other comprehensive income | ||||
Unrealized holding gains on available-for-sale securities | 4,803 | 3,913 | ||
Foreign currency translation adjustments | 88 | 144 | ||
Adjustments of defined benefit plans | (97) | (61) | ||
Total accumulated other comprehensive income | 4,793 | 3,996 | ||
Total net assets | 24,008 | 22,012 | ||
Total liabilities and net assets | 51,967 | 46,916 |
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TOYO Electric Mfg. Co. Ltd. published this content on 14 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 07:39:07 UTC.