WELCIA HOLDINGS CO., LTD. Consolidated Financial Results for the Fiscal Year Ended February 28, 2022
[Japanese GAAP]
April 7, 2022
Company name: WELCIA HOLDINGS CO., LTD.
Stock exchange listing: Tokyo Stock Exchange Code number: 3141
URL:https://www.welcia.co.jp/
Representative: Tadahisa Matsumoto, President and Representative Director
Contact: Norimasa Sato, Vice President, Director, Executive Officer and Chief Financial Officer Phone: +81-3-5207-5878
Scheduled date of general shareholders' meeting: May 24, 2022 Scheduled date of commencing dividend payments: May 9, 2022 Scheduled date of filing securities report: May 25, 2022
Availability of supplementary briefing material on annual financial results: Available Schedule of annual financial results briefing session: Scheduled (for institutional investors)
(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended February 28, 2022 (March 1, 2021 - February 28, 2022)
(1) Consolidated Operating Results (cumulative) (% indicates changes from the previous corresponding period.)
Net sales | Operating income | Ordinary income | Net income attributable to owners of parent | |
Fiscal year ended February 28, 2022 February 28, 2021 | Million yen % 1,025,947 8.0 949,652 9.4 | Million yen %
| Million yen %
| Million yen %
|
(Note) Comprehensive income: Fiscal year ended February 28, 2022: ¥26,423 million [(5.7)%]
Fiscal year ended February 28, 2021: ¥28,025 million [24.1%]
Net income per share | Diluted net income per share | Return on equity | Ratio of ordinary income to total assets | Ratio of operating income to net sales | |
Fiscal year ended February 28, 2022 February 28, 2021 | Yen 126.99 134.23 | Yen 126.88 134.10 | % 13.9 16.4 | % 10.6 11.1 | % 4.2 4.5 |
(Reference) Equity in earnings of affiliated companies:
Fiscal year ended February 28, 2022: ¥(11) million Fiscal year ended February 28, 2021: ¥16 million
(Note) A two-for-one stock split of the Company's common stock was executed on September 1, 2020. "Net income
per share" and "diluted net income per share" are calculated assuming that the stock split was executed at the beginning of the fiscal year ended February 28, 2021.
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | |
As of February 28, 2022 As of February 28, 2021 | Million yen 463,048 435,685 | Million yen 207,886 180,351 | % 43.5 41.2 | Yen 966.66 862.82 |
(Reference) Equity: As of February 28, 2022: ¥201,602 million
As of February 28, 2021: ¥179,490 million
(Note) A two-for-one stock split of the Company's common stock was executed on September 1, 2020. "Net assets
per share" is calculated assuming that the stock split was executed at the beginning of the fiscal year ended February 28, 2021.
(3) Consolidated Cash Flows
Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Cash and cash equivalents at year-end | |
Fiscal year ended February 28, 2022 February 28, 2021 | Million yen 16,228 46,396 | Million yen (37,088) (16,147) | Million yen (7,282) (16,970) | Million yen 22,837 50,937 |
2. Dividends
Annual dividends | Total dividends (annual) | Payout ratio (consolidated) | Ratio of dividends to net assets (consolidated) | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Year-end | Total | ||||
Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 | Yen - - | Yen 27.00 15.00 | Yen - - | Yen 15.00 15.00 | Yen - 30.00 | Million yen 5,973 6,288 | % 21.2 23.6 | % 3.5 3.3 |
Fiscal year ending February 28, 2023 (Forecast) | - | 16.00 | - | 16.00 | 32.00 | 23.5 |
(Notes) A two-for-one stock split of the Company's common stock was executed on September 1, 2020. The figure for the "2nd quarter-end" of the fiscal year ended February 28, 2021 is the actual dividend amount paid before the stock split was executed. The annual dividend for the fiscal year ended February 28, 2021 is not presented, because it is impossible to simply aggregate the amounts for each quarter-end due to the stock split. In pre-split terms, the year-end dividend would come to ¥30, making the annual dividend for the year ¥57.
3. Consolidated Financial Results Forecast for the Fiscal Year Ending February 28, 2023 (March 1, 2022 -
February 28, 2023)
(% indicates changes from the previous corresponding period.)
Net sales | Operating income | Ordinary income | Net income attributable to owners of parent | Net income per share | |
Six months ending August 31, 2022 | Million yen % 555,800 - | Million yen % 25,360 - | Million yen % 28,540 - | Million yen % 17,560 - | Yen 84.20 |
Full year | 1,110,000 - | 47,000 - | 51,600 - | 28,400 - | 136.17 |
(Notes) Since the "Accounting Standard for Revenue Recognition" (Corporate Accounting Standard No.29), etc. has been adopted from the beginning of the Fiscal Year Ending February 28, 2023, the above forecast is based on the accounting standard. Therefore, changes from the actual results before applying the accounting standard are not stated.
* Notes:
(1) Changes in significant subsidiaries during the fiscal year under review: None (Changes in specified subsidiaries resulting in changes in scope of consolidation)Newly included: - (
), Excluded: - ( )
(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(3) Total number of issued and outstanding shares (common shares)
1) Total number of issued and outstanding shares at the end of the year (including treasury stock):February 28, 2022:
February 28, 2021:
209,633,676 shares 209,633,676 shares
2) Total number of treasury stock at the end of the year:
February 28, 2022:
February 28, 2021:
1,077,900 shares 1,606,772 shares
3) Average number of shares outstanding during the year:Year ended February 28, 2022:
Year ended February 28, 2021:
208,320,037 shares 208,595,717 shares
(Notes) 1. The number of shares of the Company held in the Employees' Stock Ownership ESOP Trust (February 28, 2021: 1,050,200 shares; February 28, 2022: 624,800 shares) and the number of shares of the Company held in the Directors' Remuneration BIP Trust (February 28, 2021: 502,238 shares; February 28, 2022: 440,442 shares) were included in the total number of treasury stock at the end of the year. The number of shares of the Company held in the Employees' Stock Ownership ESOP Trust and the Directors' Remuneration BIP Trust, was included in the number of treasury stock, which was to be deducted from the calculation of the average number of shares outstanding during the year (February 28, 2021: 982,981 shares; February 28, 2022: 1,294,907 shares).
2. A two-for-one stock split of the Company's common stock was executed on September 1, 2020. The figures for the "total number of issued and outstanding shares (common shares)" are calculated assuming that the stock split was executed at the beginning of the fiscal year ended February 28, 2021.
(Reference) Summary of Non-consolidated Financial Results
Non-consolidated Financial Results for the Fiscal Year Ended February, 2022 (March 1, 2021 - February 28, 2022)
(1) Non-consolidated Operating Results (% indicates changes from the previous corresponding period.)
Net sales | Operating income | Ordinary income | Net income | |
Fiscal year ended February 28, 2022 February 28, 2021 | Million yen %
| Million yen %
| Million yen %
| Million yen %
|
Net income per share | Diluted net income per share | |
Fiscal year ended February 28, 2022 February 28, 2021 | Yen 39.28 34.52 | Yen 39.25 34.49 |
Diluted net income
(Note) A two-for-one stock split of the Company's common stock was executed on September 1, 2020. "Net income per share" and "diluted net income per share" are calculated assuming that the stock split was executed at the beginning of the fiscal year ended February 28, 2021.
(2) Non-consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | |
As of February 28, 2022 As of February 28, 2021 | Million yen 111,137 117,314 | Million yen 79,230 75,349 | % 71.1 64.0 | Yen 379.02 361.10 |
(Reference) Equity: As of February 28, 2022: ¥79,047 million
As of February 28, 2021: ¥75,118 million
(Note) A two-for-one stock split of the Company's common stock was executed on September 1, 2020. "Net assets per share" is calculated assuming that the stock split was executed at the beginning of the fiscal year ended February 28, 2021.
* These consolidated financial results are outside the scope of audit by certified public accountants or an audit firm.
* Explanation of the proper use of financial results forecast and other notes
The earnings forecasts and other forward-looking statements provided herein are based on information available to the Company and certain assumptions deemed reasonable, and the Company does not promise the achievement of those forecasts. Actual results may differ significantly from these forecasts due to a wide range of factors. For the assumptions underlying the forecasts and the notes on the use of the forecasts, please refer to "1. Overview of Operating Results, etc., (4) Future Outlook" on page 5 of Attachments.
Table of Contents - Attachments
1. Overview of Operating Results, etc. ............................................................................................................. 2
(1) Overview of Operating Results for the Fiscal Year under Review ............................................................. 2
(2) Overview of Financial Position for the Fiscal Year under Review ............................................................ 4
(3) Overview of Cash Flows for the Fiscal Year under Review ....................................................................... 4
(4) Future Outlook ........................................................................................................................................... 5
(5) Basic Policy for the Distribution of Profit and the Dividend Payout for the Current and Next
Fiscal Years ................................................................................................................................................... 5
2. Basic Approach Concerning Selection of Accounting Standards ..................................................................... 6
3. Consolidated Financial Statements and Principal Notes ................................................................................ 7
(1) Consolidated Balance Sheets .................................................................................................................... 7
(2) Consolidated Statements of Income and Comprehensive Income ............................................................ 9
(3) Consolidated Statements of Changes in Equity ...................................................................................... 12
(4) Consolidated Statements of Cash Flows ................................................................................................. 14
(5) Notes to Consolidated Financial Statements .......................................................................................... 16
(Notes on going concern assumption) ................................................................................................. 16
(Business combination) ......................................................................................................................... 16
(Segment information, etc.) ................................................................................................................. 19
(Per share information) ........................................................................................................................ 19
(Significant subsequent events) ........................................................................................................... 20
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Welcia Holdings Co. Ltd. published this content on 14 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2022 06:14:10 UTC.
