3rd Quarter Results
February 10 2006 - 3:26AM
UK Regulatory
RNS Number:2277Y
Nipro Corporation
10 February 2006
Summary Report of Consolidated Financial Results February 10, 2006
For the Nine-Month Period ended December 31, 2005
(Fiscal Year ending March 31,2006)
Company name: NIPRO CORPORATION Code No.:8086 TSE/OSE-1st 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: N/A
(2)Difference in the method of accounting treatment
from the most recent fiscal year:
Accounting standard for impairment of fixed asset has been adopted since
this accounting period.
(3)Changes in the scope of consolidation and application of the equity method:
Adoption (Content: Consolidation (New) 4)
2.Business results and financial position for the nine months
ended December 31, 2005 of the Fiscal Year ending March 31,2006.
(From April 1, 2005 to December 31, 2005)
(1)Results of Operations (Note: Amounts are rounded off per one million yen)
Net Sales Operating Recurring Net (Quarter)
Income Income Income
Millions % Millions % Millions % Millions %
of yen of yen of yen of yen
Nine months
ended 156,047 7.1 10,573 15.5 10,957 37.6 4,610 (1.6)
December 31,
2005
Nine months
ended 145,732 2.4 9,158 (9.0) 7,964 (1.1) 4,684 20.4
December 31,
2004
Fiscal Year
ended 192,320 10,404 8,685 4,518
March 31,
2005
Basic Earnings Diluted Earnings
per Share per Share
Yen Yen
Nine months ended 72.55 -
December 31, 2005
Nine months ended 73.65 -
December 31, 2004
Fiscal Year ended 69.37 -
March 31, 2005
(Note)Percentage for net sales, operating income, etc. represents the ratio of
change from the same period of the previous fiscal year.
(Supplementary information on the consolidated results of operations)
The situation of Japanese economy for this nine-month period generally
remained in the trend of gradual recovery supported by the firm growth of
capital investments and individual consumptions as a result of the improvement
of corporate earnings. At the same time it still remained unpredictable, since
US Dollar indicated its weakness in the exchange market in addition to the
decelerating of overseas economy and high crude oil price.
Under such circumstances, Nipro Corporation continuously strived to develop
new products and focused on reinforcement of production capacity and sales
capability in order to improve the business performance.
As a result, net sales for the nine months ended December 31, 2005 increased
by 7.1% from the same period of the previous fiscal year to 156,072 million
yen. Operating income increased by 15.5% from the same period of the previous
fiscal year to 10,573 million yen and recurring income increased by 37.6% from
the same period of the previous fiscal year to 10,957 million yen.
Net income decreased, due to the loss on impairment of fixed assets, by 1.6%
to 4,610 million yen from the same period of the previous fiscal year.
(2)Financial Position
Total Shareholders' Ratio of Shareholders'
Assets Equity Shareholders' Equity per Share
Equity to
Total Assets
Millions Millions % yen
of yen of yen
Nine
months 327,635 108,825 33.2 1,712.78
ended
December
31, 2005
Nine
months 292,575 93,571 32.0 1,471.63
ended
December
31, 2004
Fiscal
Year 293,748 96,700 32.9 1,519.58
ended
March
31, 2005
Cash Flows
Cash flows from Cash flows from Cash flows from Cash and cash
operating investing financing equivalents
activities activities activities
Millions of yen Millions of yen Millions of yen Millions of yen
Nine
months 3,092 (21,064) 8,362 45,166
ended
December
31, 2005
Nine
months 9,163 (9,512) 10,666 52,638
ended
December
31, 2004
Fiscal
Year 17,375 (12,627) 7,088 53,734
ended
March
31, 2005
(Supplementary information on the changes in the financial position)
(1)Changes in the financial position
Total assets increased by 33,887 million yen to 327,635 million yen from the
end of previous fiscal year.
Current assets increased by 4,372 million yen to 139,738 million yen and
fixed assets increased by 29,514 million yen to 187,897 million yen from the
end of previous fiscal year. Fixed assets increased mainly due to the increase
in investment securities by 21,251 million yen.
Shareholders' equity increased by 12,124 million yen from the end of previous
fiscal year,mainly due to the rise in valuation difference of other securities
by 9,501 million yen.
(2)Cash flows
Net cash provided by operating activities was 3,092 million yen, net cash
used in investing activities was 21,064 million yen, net cash provided by
financing activities was 8,362 million yen. As a result, cash and cash
equivalents at the end of the period amounted to 45,166 million yen.
Net cash used in investing activities was mainly spent in acquisition of
fixed assets for 14,331 million yen and investment securities for 9,501
million yen, net cash provided by financing activities was mainly owing to
the long-term borrowing for 10,510 million yen.
(Reference)
Consolidated Business Forecasts for the Fiscal Year ending March 31, 2006
(From April 1, 2005 to March 31, 2006)
Sales Recurring Income Net Income
Millions of yen Millions of yen Millions of yen
Fiscal Year
ending 205,000 10,500 4,400
March 31,
2006
(Reference) Projected Earnings per Share
for the Fiscal Year ending March 31, 2006:67.56 yen
(Supplementary information on the business forecasts)
The business environment is anticipated to remain severe due to the concern
of risks in persisting high crude oil price and proceeding weakness of US
Dollar. Nipro Corporation, however, continuously endeavors to develop new
products, as well as to reinforce the production capacity and sales capability
in order to improve the business performance.
There is no amendment to the forecasts announced on November 21, 2005.
*The above forecasts are based on the information available to the management
as of the date of this report. The actual results may differ 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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