RNS Number : 3491E
Maruwa Co Ld
27 October 2022
 

Translation

 

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

 

Summary of Consolidated Financial Results

for the Six Months Ended September 30, 2022

(Based on Japanese GAAP)





October 27, 2022

Company name:

MARUWA CO., LTD.


Stock exchange listing:

Tokyo, Nagoya

Stock code:

5344

URL  https://www.maruwa-g.com/

Representative:

President and Representative Director

Toshiro Kanbe

Inquiries:

Director

Yukiko Morishita

TEL  0561-51-0841

Scheduled date to file Quarterly Securities Report:

November 10, 2022

Scheduled date to commence dividend payments:

December 5, 2022

Preparation of supplementary material on quarterly financial results:

Yes


Holding of quarterly financial results meeting:

Yes

(for analysts and institutional investors)







 


(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the six months ended September 30, 2022 (from April 1, 2022 to September 30, 2022)

(1) Consolidated operating results (cumulative)

Percentages indicate year-on-year changes

 


Net sales

Operating profit

Ordinary profit

Profit attributable to owners of parent


Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Six months ended September 30, 2022

29,668

20.0

10,616

33.9

12,219

50.5

8,604

54.5

Six months ended September 30, 2021

24,722

26.6

7,926

69.2

8,118

74.8

5,567

76.5

 

 


Earnings per share

Diluted earnings per share


Yen

Yen

Six months ended September 30, 2022

697.39

-

Six months ended September 30, 2021

451.30

-

 

(2) Consolidated financial position


Total assets

Net assets

Equity ratio


Millions of yen

Millions of yen

%

As of September 30, 2022

102,427

88,582

86.5

As of March 31, 2022

95,899

79,681

83.1

 

 

2. Cash dividends

 


Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total


Yen

Yen

Yen

Yen

Yen

Year ended March 31, 2022

-

34.00

-

36.00

70.00

Year ending March 31, 2023

-

38.00




Year ending March 31, 2023 (Forecast)



-

38.00

76.00

 

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)


Percentages indicate year-on-year changes

 


Net sales

Operating profit

Ordinary profit

Profit attributable to owners of parent

Earnings per share


Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full year

60,000

10.4

18,500

1.6

18,500

(3.6)

12,900

(3.4)

1,045.59

 



4. Notes

(1) Changes in significant subsidiaries during the six months ended September 30, 2022

(changes in specified subsidiaries resulting in the change in scope of consolidation):

Yes

 

(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No

 

(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements

Changes in accounting policies due to revisions to accounting standards and other regulations:

No

Changes in accounting policies due to other reasons:

No

Changes in accounting estimates:

No

Restatement of prior period financial statements:

No

 

(4) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)


As of September 30, 2022

12,372,000

 shares

As of March 31, 2022

12,372,000

 shares

Number of treasury shares at the end of the period


As of September 30, 2022

34,599

 shares

As of March 31, 2022

34,492

 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)


Six months ended September 30, 2022

12,337,427

 shares

Six months ended September 30, 2021

12,337,130

 shares

 

 

 

 


 

 

 

Quarterly consolidated financial statements

Consolidated balance sheets

 

 

(Millions of yen)

 

As of March 31, 2022

As of September 30, 2022

Assets

 

 

Current assets

 

 

Cash and deposits

44,621

48,669

Notes receivable - trade

473

235

Accounts receivable - trade

12,876

13,390

Electronically recorded monetary claims - operating

1,810

1,728

Merchandise and finished goods

1,632

2,336

Work in process

2,648

3,048

Raw materials and supplies

3,706

3,850

Other

2,389

1,192

Allowance for doubtful accounts

(9)

(9)

Total current assets

70,149

74,443

Non-current assets

 

 

Property, plant and equipment

 

 

Buildings and structures, net

10,101

10,269

Machinery, equipment and vehicles, net

5,478

7,528

Land

4,699

4,700

Construction in progress

2,653

2,725

Other, net

590

668

Total property, plant and equipment

23,524

25,893

Intangible assets

 

 

Other

298

308

Total intangible assets

298

308

Investments and other assets

1,927

1,781

Total non-current assets

25,750

27,984

Total assets

95,899

102,427

 



 

 

 

 

(Millions of yen)

 

As of March 31, 2022

As of September 30, 2022

Liabilities

 

 

Current liabilities

 

 

Notes and accounts payable - trade

3,444

3,024

Electronically recorded obligations - operating

2,419

1,994

Short-term borrowings

100

100

Current portion of long-term borrowings

866

866

Income taxes payable

4,731

3,252

Provision for bonuses

866

839

Provision for bonuses for directors (and other officers)

71

6

Other

2,455

2,620

Total current liabilities

14,953

12,705

Non-current liabilities

 

 

Long-term borrowings

733

600

Deferred tax liabilities

153

177

Other

377

363

Total non-current liabilities

1,264

1,140

Total liabilities

16,218

13,845

Net assets

 

 

Shareholders' equity

 

 

Share capital

8,646

8,646

Capital surplus

12,017

12,018

Retained earnings

59,274

67,434

Treasury shares

(207)

(208)

Total shareholders' equity

79,732

87,891

Accumulated other comprehensive income

 

 

Valuation difference on available-for-sale securities

104

91

Foreign currency translation adjustment

(155)

598

Total accumulated other comprehensive income

(51)

690

Total net assets

79,681

88,582

Total liabilities and net assets

95,899

102,427

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

 

 

(Millions of yen)

 

Six months ended

September 30, 2021

Six months ended

September 30, 2022

Net sales

24,722

29,668

Cost of sales

12,331

14,006

Gross profit

12,391

15,662

Selling, general and administrative expenses

4,464

5,046

Operating profit

7,926

10,616

Non-operating income

 

 

Interest income

31

29

Rental income

49

48

Foreign exchange gains

112

1,531

Other

37

29

Total non-operating income

231

1,639

Non-operating expenses

 

 

Interest expenses

4

2

Rent expenses on real estate for investments

22

24

Other

12

8

Total non-operating expenses

39

36

Ordinary profit

8,118

12,219

Extraordinary income

 

 

Gain on sale of non-current assets

0

0

Gain on liquidation of subsidiaries

-

3

Subsidy income

89

15

Total extraordinary income

90

19

Extraordinary losses

 

 

Loss on sale and retirement of non-current assets

3

16

Loss on tax purpose reduction entry of non-current assets

75

-

Loss related to infectious disease

41

-

Total extraordinary losses

119

16

Profit before income taxes

8,088

12,221

Income taxes - current

2,576

3,453

Income taxes - deferred

(55)

164

Total income taxes

2,520

3,617

Profit

5,567

8,604

Profit attributable to owners of parent

5,567

8,604

 

 



 

Consolidated statements of comprehensive income (cumulative)

 

 

(Millions of yen)

 

Six months ended

September 30, 2021

Six months ended

September 30, 2022

Profit

5,567

8,604

Other comprehensive income

 

 

Valuation difference on available-for-sale securities

20

(12)

Foreign currency translation adjustment

33

754

Total other comprehensive income

54

741

Comprehensive income

5,621

9,345

Comprehensive income attributable to

 

 

Comprehensive income attributable to owners of parent

5,621

9,345

 

 



 

Consolidated statements of cash flows

 

 

(Millions of yen)

 

Six months ended

September 30, 2021

Six months ended

September 30, 2022

Cash flows from operating activities

 

 

Profit before income taxes

8,088

12,221

Depreciation

1,235

1,469

Increase (decrease) in allowance for doubtful accounts

(4)

(0)

Loss (gain) on sale and retirement of non-current assets

3

16

Loss on tax purpose reduction entry of non-current assets

75

-

Interest and dividend income

(33)

(32)

Interest expenses

4

2

Subsidy income

(89)

(15)

Foreign exchange losses (gains)

(1)

(0)

Decrease (increase) in trade receivables

(2,101)

(31)

Decrease (increase) in inventories

(1,007)

(1,178)

Increase (decrease) in trade payables

356

(855)

Other, net

849

1,104

Subtotal

7,374

12,701

Interest and dividends received

33

32

Interest paid

(4)

(2)

Income taxes refund (paid)

(1,904)

(4,714)

Net cash provided by (used in) operating activities

5,498

8,016

Cash flows from investing activities

 

 

Net decrease (increase) in time deposits

2

-

Purchase of property, plant and equipment

(1,221)

(3,930)

Proceeds from sale of property, plant and equipment

0

0

Purchase of investment securities

(151)

(23)

Purchase of intangible assets

(36)

(22)

Subsidies received

89

211

Other, net

(23)

9

Net cash provided by (used in) investing activities

(1,340)

(3,756)

Cash flows from financing activities

 

 

Repayments of long-term borrowings

(133)

(133)

Purchase of treasury shares

(0)

(1)

Dividends paid

(444)

(444)

Net cash provided by (used in) financing activities

(577)

(579)

Effect of exchange rate change on cash and cash equivalents

25

352

Net increase (decrease) in cash and cash equivalents

3,605

4,033

Cash and cash equivalents at beginning of period

33,888

44,385

Cash and cash equivalents at end of period

37,493

48,419

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
IR PPGRWUUPPUBM