Zuken Elmic : Non-Consolidated Q3 Financial Results (December ’22)

				February 08, 2023
	Non-consolidated Financial Statements
	for the First Nine Months of the Fiscal Year Ending March 31, 2023
Company name: Zuken Elmic, Inc.	Listing: TSE Standard Market
Stock code:	4770		URL:	https://www.elwsc.co.jp/
President:	Joe Asakura
Contact:	Yuuichirou Takahashi, Director, Administration	Telephone: [phone]
(1) Balance Sheets
				(Thousands of yen)
		FY2021 selected data	3Q of FY2022
		(As of Mar. 31, 2022)	(As of Dec. 31, 2022)
Assets
Current assets
Cash and deposits	592,058	604,782
Notes and accounts receivable - trade	168,554	230,792
Merchandise and finished goods	118	47
Work in process	9,551	13,203
Raw materials	26	26
Prepaid expenses	3,256	4,341
Other current assets	209	205
Allowance for doubtful accounts		(100)	(100)
Total current assets		773,674	853,298
Noncurrent assets
Property, plant and equipment	17,552	13,821
Intangible assets	13,652	10,669
Investments and other assets
Deferred tax assets	－	32,517
Other investments and other assets	3,384	3,384
Allowance for doubtful accounts		(1,850)	(1,850)
Total investments and other assets		1,534	34,052
Total noncurrent assets	32,738	58,544
Total assets			806,413	911,843
Liabilities
Current liabilities
Accounts payable - trade	33,608	31,688
Income taxes payable	25,965	11,708
Unearned revenue	26,507	30,412
Provision for bonuses	30,815	16,700
Provision for product warranties	11,070	9,173
Other current liabilities		53,032	56,283
Total current liabilities		180,999	155,965
Noncurrent liabilities
Long-term unearned revenue	3,052	548
Provision for retirement benefits	1,853	1,853
Other long-term liabilities		9,691	7,471
Total noncurrent liabilities		14,598	9,873
Total liabilities	195,597	165,838
Net assets
Shareholders' equity
Capital stock	500,000	500,000
Capital surplus	135,998	135,998
Retained earnings	(25,064)	110,123
Treasury shares		(117)	(117)
Total shareholders' equity		610,816	746,004
Total net assets		610,816	746,004
Total liabilities and net assets		806,413	911,843

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(2) Statements of Income

(For the Nine-month Period)

		(Thousands of yen)
	3Q of FY2021	3Q of FY2022
	(Apr. 1, 2021 - Dec. 31, 2021)	(Apr. 1, 2022 - Dec. 31, 2022)
Net sales	578,298	654,317
Cost of sales	299,123	305,778
Gross profit	279,174	348,538
Selling, general and administrative expenses	211,386	229,857
Operating profit (loss)	67,788	118,680
Non-operating income
Interest income	2	2
Commission fee	35	37
Foreign exchange gains	－	249
Others income	2	－
Total non-operating income	39	290
Non-operating expenses
Interest expenses	160	102
Foreign exchange losses	26	－
Loss on retirement of non-current assets	0	－
Total non-operating expenses	187	102
Ordinary profit (loss)	67,641	118,868
Profit (loss) before income taxes	67,641	118,868
Income taxes -current	10,122	16,378
Income taxes-deferred	(11)	(32,697)
Total income taxes	10,110	(16,319)
Net profit (loss)	57,530	135,187

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