1st Quarter Results
August 17 2005 - 2:35AM
UK Regulatory
RNS Number:1844Q
Nipro Corporation
17 August 2005
Summary Report of Consolidated Financial Results
For the Three Months Period ended June 30, 2005 (Year ending March 31, 2006)
August 10, 2005
Company name: NIPRO CORPORATION (Code No.: 8086 TSE/CSE1st section)
(URL: http://www.nipro.co.jp/)
Representative: Minoru Sano, President and Representative Director
Contact: Akihiko Yamabe, Director, General Manager of Accounting &
Corporate Planning Division
TEL: (06) 6372-2331
1.Matters related to the preparation of quarterly financial summary
(1) Adoption of simplified accounting treatments: No
(2) Difference in the method of accounting recognition from the most recent
year: No
(3) Changes in the scope of consolidation and application of the equity
method: Yes
(Consolidated subsidiary added: 3)
2.Financial results for the three months ended June 30, 2005.
(From April 1, 2005 to June 30, 2005)
(1) Results of Operations (Note: Amounts are truncated to one million yen)
Net Sales Operating Recurring Net (Quarter)
Income Income Income
Millions % Millions % Millions % Millions %
of yen of yen of yen of yen
3 months
ended 49,975 5.7 3,537 4.1 3,542 12.0 1,054 (39.2)
June
30,2005
3 months
ended 47,271 2.3 3,397 (9.0) 3,164 (2.5) 1,734 16.4
June
30,2004
Year ended
March 31,
2005 192,320 10,404 8,685 4,518
Basic Earnings Diluted Earnings
per Share per share
Yen Yen
3 months ended June 30,2005 16.59 -
3 months ended June 30,2004 27.26 -
Year ended March 31, 2005 69.37 -
(Note)
Percentage for net sales, operating income, etc. represents the ratio of
change over from same period of the previous year.
(Supplementary information on the consolidated results of operations)
For this three months period, while decelerating foreign economy and
rise in crude oil price continued, corporate capital investments and
individual consumption showed a steady trend and the Japanese economy
made little improvement in general.
Under the circumstances, we continued to work hard on development of new
products and on reinforcement of productivity and sales capabilities
so as to improve profitability.
As a result, net sales for this three months period increased by 5.7%
from the same period of the previous year to 49,975 million yen.
This was primarily because of the growth of the Medical Division
Operating income increased by 4.1% to 3,537 million yen, and recurring
income increased by 12.0% to 3,542 million yen. On the other hand, net quarter
income decreased by 39.2% to 1,054 million yen, due to impairment loss included
in extraordinary loss.
(2)Financial Position
Total Shareholders' Ratio of Shareholders'
Assets Equity Shareholder's Equity per Share
Equity to
Total Assets
Millions Millions % Millions
of yen of yen of yen
3 months
ended 291,484 96,881 33.2 1,524.28
June
30,2005
3 months
ended 276,461 91,692 33.2 1,441.53
June
30,2004
Year
ended
March 293,748 96,700 32.9 1,519.58
31, 2005
Cash Flows
Cash flow from Cash flow from Cash flow from Cash and cash
operating investing financing equivalent
activities activities activities
Millions Millions Millions Millions
of yen of yen of yen of yen
3 months (1,112) (8,395) (1,219) 43,317
ended
June
30,2005
3 months 488 (2,132) 1,873 42,441
ended
June
30,2004
Year
ended
March 17,375 (12,627) 7,088 53,734
31,
2005
(Supplementary information on the changes in the financial position)
(1)Changes in the financial position
Total assets decreased by 2,264 million yen from the end of the previous
fiscal year to 291,484 million yen. The decrease consisted of decrease in
current asset by 7,233 million yen and increase in fixed assets by 4,969
million yen.
Current assets decreased mainly because of the decrease in
cash and bank deposits as a result of the payment for income taxes,
purchases of fixed assets as well as repayments for long-term bank loans.
Liabilities, on the other hand, decreased by 2,502 million yen to 192,937
million yen, and Shareholders' Equity increased by 181 million yen to
96,881 million yen.
(2)Cash flows
As regards cash flows for this three month period, net cash used in
operating activities amounted to 1,112 million yen, primarily reflecting
the payment for income taxes. Net cash used in investing activities
amounted to 8,395 million yen mainly due to payments for acquisition of
fixed assets. Net cash used in financing activities amounted to 1,219
million yen reflecting repayment of long-term bank loans.
As a result, the balance of cash and cash equivalent at the end of this
three month period decreased by 10,417 million yen to 43,317 million yen.
(Reference)
Projection for Consolidated Results for the Year ending March 31, 2006
(From April 1, 2004 to March 31, 2005)
Sales Recurring Income Net Income
Millions Millions Millions
of yen of yen of yen
6 months ending
Sep. 30,2005 99,500 5,600 2,000
Year ending
March 31,2006 206,000 11,200 4,800
(Reference)
Projected Earnings per Share for the Year ending March 31, 2006: 73.82yen
(Supplementary information on the business forecasts)
The severe management environment is anticipated to continue,
due to the concern in jump in crude oil price and rise in interest rate.
We will, however, continue to work on development of new products,
strengthen productivity of each division, and strive hard to improve
profitability.
There is no amendment to the forecast announced on May 20, 2005.
*The above forecasts are based on the information available to
the management as of the date of this report. The actual results may be
different from these forecasts due to various factors occurring hereafter.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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