TIDMMAW
RNS Number : 1700U
Maruwa Co Ld
27 July 2020
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 Three Months Ended June 30, 2020
(Based on Japanese GAAP)
July 27, 2020
Company name: MARUWA CO., LTD.
Stock exchange Tokyo, Nagoya
listing:
Stock code: 5344 URL https://www.maruwa-g.com/
Representative: President and Representative Sei Kanbe
Director
Inquiries: Executive Officer Tamaki Nozoki TEL 0561-51-0839
Scheduled date to file Quarterly Securities August 7, 2020
Report:
Scheduled date to commence dividend -
payments:
Preparation of supplementary material No
on quarterly financial results:
Holding of quarterly financial results No
meeting:
(Amounts less than one million yen are
rounded down)
1. Consolidated financial results for the three months ended
June 30, 2020 (from April 1, 2020 to June 30, 2020)
(1) Consolidated operating results Percentages indicate year-on-year changes
(cumulative)
Net sales Operating profit Ordinary profit Profit attributable
to owners of
parent
Millions % Millions % Millions % Millions %
of yen of yen of yen of yen
Three months ended June
30, 2020 8,981 (13.5) 2,154 (3.5) 2,158 (2.0) 1,445 (4.6)
Three months ended June
30, 2019 10,382 11.3 2,233 8.9 2,203 (2.1) 1,515 0.4
-------- ------ ---------- ------ ---------- ----- ------------ -------
Earnings per share Diluted earnings
per share
Yen Yen
Three months ended June
30, 2020 117.21 -
Three months ended June
30, 2019 122.82 -
------------------ ----------------
(2) Consolidated financial position
Total assets Net assets Equity ratio
Millions of Millions of %
yen yen
As of June 30, 2020 71,953 60,631 84.3
As of March 31, 2020 70,681 59,453 84.1
------------ ----------- ------------
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,
2020 - 26.00 - 26.00 52.00
Year ending March 31, -
2021
--------------- --------------- --------------- --------------- -----
Year ending March 31,
2021 (Forecast) 28.00 - 28.00 56.00
--------------- --------------- --------------- --------------- -----
3. Forecast of consolidated financial results for the year
ending March 31, 2021 ( from April 1, 2020 to March 31, 2021)
Percentages indicate year-on-year changes
Net sales Operating profit Ordinary profit Profit attributable Earnings
to owners of per share
parent
Millions % Millions % Millions % Millions % Yen
of yen of yen of yen of yen
Six months ending
September 30,
2020 16,500 (18.9) 3,400 (18.1) 3,400 (18.6) 2,300 (19.8) 186.50
Full year 36,500 (11.5) 7,900 (15.5) 7,900 (17.0) 5,450 (7.5) 441.94
-------- ------ ---------- ------ --------- ------ ----------- -------- ----------
4. Notes
(1) Changes in significant subsidiaries during the three No
months ended June 30, 2020
(changes in specified subsidiaries resulting in the
change in scope of consolidation):
(2) Application of special accounting methods for preparing No
quarterly consolidated financial statements:
(3) Changes in accounting policies, changes in accounting
estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to No
accounting standards and other regulations:
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 June 30, 2020 12,372,000 shares As of March 31, 2020 12,372,000 shares
--------------------- ---------- --------------------- ----------
Number of treasury shares at the end of the period
As of June 30, 2020 38,313 shares As of March 31, 2020 40,163 shares
--------------------- ------ --------------------- ------
Average number of shares during the period (cumulative from the
beginning of the fiscal year)
Three months ended June Three months ended June
30, 2020 12,331,951 shares 30, 2019 12,337,951 shares
------------------------- ---------- ------------------------ ----------
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen)
------------------------------------------------------ --------------- ------------------
As of March 31, As of June 30,
2020 2020
------------------------------------------------------ --------------- ------------------
Assets
Current assets
Cash and deposits 29,334,349 30,955,925
Notes and accounts receivable - trade 9,542,199 8,038,120
Electronically recorded monetary
claims - operating 1,295,434 1,211,264
Merchandise and finished goods 2,061,801 2,057,523
Work in process 2,393,622 2,585,007
Raw materials and supplies 2,756,758 2,754,495
Other 1,757,311 1,610,717
Allowance for doubtful accounts (8,180) (7,903)
Total current assets 49,133,297 49,205,150
--------------- ------------------
Non-current assets
Property, plant and equipment
Buildings and structures 12,650,214 12,668,977
Accumulated depreciation (6,505,584) (6,576,128)
Buildings and structures, net 6,144,629 6,092,849
--------------- ------------------
Machinery, equipment and vehicles 20,998,043 20,916,530
Accumulated depreciation (16,567,320) (16,509,377)
Machinery, equipment and vehicles,
net 4,430,722 4,407,153
--------------- ------------------
Land 4,421,234 4,420,539
Construction in progress 3,445,592 4,896,180
Other 3,499,670 3,560,779
Accumulated depreciation (2,898,143) (2,966,072)
Other, net 601,527 594,706
--------------- ------------------
Total property, plant and equipment 19,043,706 20,411,429
--------------- ------------------
Intangible assets
Goodwill 195,975 182,613
Other 254,672 248,988
Total intangible assets 450,648 431,602
--------------- ------------------
Investments and other assets 2,053,978 1,905,205
Total non-current assets 21,548,333 22,748,237
--------------- ------------------
Total assets 70,681,631 71,953,388
--------------- ------------------
(Thousands of yen)
------------------------------------------------------ --------------- ------------------
As of March 31, As of June 30,
2020 2020
------------------------------------------------------ --------------- ------------------
Liabilities
Current liabilities
Notes and accounts payable - trade 1,898,714 2,402,955
Electronically recorded obligations
- operating 1,619,355 1,992,723
Short-term borrowings 900,000 900,000
Income taxes payable 827,864 527,753
Provision for bonuses 608,949 334,701
Provision for bonuses for directors
(and other officers) 63,000 3,333
Other 3,382,929 3,177,604
Total current liabilities 9,300,813 9,339,071
--------------- ------------------
Non-current liabilities
Long-term borrowings 1,200,000 1,200,000
Deferred tax liabilities 351,419 395,740
Other 375,829 387,006
Total non-current liabilities 1,927,248 1,982,746
--------------- ------------------
Total liabilities 11,228,062 11,321,818
--------------- ------------------
Net assets
Shareholders' equity
Share capital 8,646,720 8,646,720
Capital surplus 11,992,492 11,996,508
Retained earnings 40,526,723 41,651,296
Treasury shares (239,524) (228,593)
Total shareholders' equity 60,926,411 62,065,930
--------------- ------------------
Accumulated other comprehensive income
Valuation difference on available-for-sale
securities 70,521 111,241
Foreign currency translation adjustment (1,543,364) (1,545,602)
Total accumulated other comprehensive
income (1,472,842) (1,434,360)
--------------- ------------------
Total net assets 59,453,569 60,631,569
--------------- ------------------
Total liabilities and net assets 70,681,631 71,953,388
--------------- ------------------
Consolidated statements of income (cumulative) and consolidated
statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen)
-------------------------------------------------- ------------------ ------------------
Three months ended Three months ended
June 30, 2019 June 30, 2020
-------------------------------------------------- ------------------ ------------------
Net sales 10,382,863 8,981,962
Cost of sales 6,108,659 4,909,773
Gross profit 4,274,204 4,072,189
------------------ ------------------
Selling, general and administrative
expenses 2,040,244 1,917,352
Operating profit 2,233,960 2,154,836
------------------ ------------------
Non-operating income
Interest income 13,782 14,537
Rental income 24,225 26,106
Other 7,641 17,597
Total non-operating income 45,649 58,242
------------------ ------------------
Non-operating expenses
Interest expenses - 751
Rent expenses on real estate for
investments 12,773 11,312
Foreign exchange losses 54,410 23,524
Other 9,159 18,935
Total non-operating expenses 76,344 54,523
------------------ ------------------
Ordinary profit 2,203,265 2,158,554
------------------ ------------------
Extraordinary income
Gain on sales of non-current assets 222 0
Gain on liquidation of subsidiaries - 11,887
Total extraordinary income 222 11,888
------------------ ------------------
Extraordinary losses
Loss on sales and retirement of non-current
assets 6,218 37
Loss related to infectious disease - 67,531
Total extraordinary losses 6,218 67,569
------------------ ------------------
Profit before income taxes 2,197,269 2,102,874
------------------ ------------------
Income taxes - current 493,666 447,031
Income taxes - deferred 188,183 210,414
Total income taxes 681,849 657,445
------------------ ------------------
Profit 1,515,419 1,445,428
------------------ ------------------
Profit attributable to owners of
parent 1,515,419 1,445,428
------------------ ------------------
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen)
------------------------------------------------- ------------------ ------------------
Three months ended Three months ended
June 30, 2019 June 30, 2020
------------------------------------------------- ------------------ ------------------
Profit 1,515,419 1,445,428
Other comprehensive income
Valuation difference on available-for-sale
securities (1,787) 40,720
Foreign currency translation adjustment (436,892) (2,238)
Total other comprehensive income (438,679) 38,482
------------------ ------------------
Comprehensive income 1,076,740 1,483,910
------------------ ------------------
Comprehensive income attributable
to
Comprehensive income attributable
to owners of parent 1,076,740 1,483,910
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END
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