TIDMMAW
RNS Number : 5984G
Maruwa Co Ld
27 July 2021
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, 2021
(Based on Japanese GAAP)
July 27, 2021
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 Kouichi Goto TEL 0561-51-0841
Scheduled date to file Quarterly Securities August 6, 2021
Report:
Scheduled date to commence dividend -
payments:
Preparation of supplementary material No
on quarterly financial results:
Holding of quarterly financial results Yes
meeting:
(Amounts less than one million yen are
rounded down)
1. Consolidated financial results for the three months ended
June 30, 2021 (from April 1, 2021 to June 30, 2021)
(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, 2021 11,112 23.7 3,182 47.7 3,236 49.9 2,211 53.0
Three months ended June
30, 2020 8,981 (13.5) 2,154 (3.5) 2,158 (2.0) 1,445 (4.6)
-------- ------ ---------- ------ ---------- ----- ------------ -------
Earnings per share Diluted earnings
per share
Yen Yen
Three months ended June
30, 2021 179.24 -
Three months ended June
30, 2020 117.21 -
------------------ ----------------
(2) Consolidated financial position
Total assets Net assets Equity ratio
Millions of Millions of %
yen yen
As of June 30, 2021 79,107 68,132 86.1
As of March 31, 2021 78,059 66,344 85.0
------------ ----------- ------------
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,
2021 - 28.00 - 36.00 64.00
Year ending March 31, -
2022
--------------- --------------- --------------- --------------- -----
Year ending March 31,
2022 (Forecast) 34.00 - 34.00 68.00
--------------- --------------- --------------- --------------- -----
3. Forecast of consolidated financial results for the year
ending March 31, 2022 ( from April 1, 2021 to March 31, 2022)
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,
2021 20,000 2.4 5,000 6.7 5,000 7.7 3,500 10.9 283.72
Full year 42,000 1.4 11,000 7.3 11,000 6.5 7,500 8.1 607.99
-------- --- ------------ ---- ----------- ---- ------------- ------ ----------
4. Notes
(1) Changes in significant subsidiaries during the three No
months ended June 30, 2021
(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 Yes
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, 2021 12,372,000 shares As of March 31, 2021 12,372,000 shares
--------------------- ---------- --------------------- ----------
Number of treasury shares at the end of the period
As of June 30, 2021 34,270 shares As of March 31, 2021 36,327 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, 2021 12,336,524 shares 30, 2020 12,331,951 shares
------------------------- ---------- ------------------------ ----------
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen)
------------------------------------------------------ --------------- -----------------
As of March 31, As of June 30,
2021 2021
------------------------------------------------------ --------------- -----------------
Assets
Current assets
Cash and deposits 34,088 36,135
Notes and accounts receivable - trade 9,834 9,617
Electronically recorded monetary
claims - operating 1,267 1,444
Merchandise and finished goods 1,641 1,669
Work in process 2,277 2,453
Raw materials and supplies 2,463 2,824
Other 2,148 864
Allowance for doubtful accounts (8) (8)
Total current assets 53,714 55,002
--------------- -----------------
Non-current assets
Property, plant and equipment
Buildings and structures 17,012 17,305
Accumulated depreciation (6,967) (7,234)
Buildings and structures, net 10,044 10,070
--------------- -----------------
Machinery, equipment and vehicles 22,354 23,054
Accumulated depreciation (17,149) (17,770)
Machinery, equipment and vehicles,
net 5,204 5,284
--------------- -----------------
Land 4,544 4,548
Construction in progress 1,889 1,641
Other 3,887 4,699
Accumulated depreciation (3,238) (4,008)
Other, net 648 690
--------------- -----------------
Total property, plant and equipment 22,332 22,236
--------------- -----------------
Intangible assets
Other 260 266
Total intangible assets 260 266
--------------- -----------------
Investments and other assets 1,752 1,602
Total non-current assets 24,345 24,105
--------------- -----------------
Total assets 78,059 79,107
--------------- -----------------
(Millions of yen)
------------------------------------------------------ --------------- -----------------
As of March 31, As of June 30,
2021 2021
------------------------------------------------------ --------------- -----------------
Liabilities
Current liabilities
Notes and accounts payable - trade 2,404 2,583
Electronically recorded obligations
- operating 1,931 1,933
Short-term borrowings 100 100
Current portion of long-term borrowings 266 266
Income taxes payable 1,986 849
Provision for bonuses 699 447
Provision for bonuses for directors
(and other officers) 49 2
Other 2,172 2,749
Total current liabilities 9,612 8,933
--------------- -----------------
Non-current liabilities
Long-term borrowings 1,599 1,533
Deferred tax liabilities 160 166
Other 342 342
Total non-current liabilities 2,103 2,041
--------------- -----------------
Total liabilities 11,715 10,975
--------------- -----------------
Net assets
Shareholders' equity
Share capital 8,646 8,646
Capital surplus 12,005 12,017
Retained earnings 46,796 48,554
Treasury shares (217) (205)
Total shareholders' equity 67,231 69,014
--------------- -----------------
Accumulated other comprehensive income
Valuation difference on available-for-sale
securities 119 111
Foreign currency translation adjustment (1,006) (993)
Total accumulated other comprehensive
income (886) (881)
--------------- -----------------
Total net assets 66,344 68,132
--------------- -----------------
Total liabilities and net assets 78,059 79,107
--------------- -----------------
Consolidated statements of income (cumulative) and consolidated
statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen)
------------------------------------------------- ------------------ ------------------
Three months ended Three months ended
June 30, 2020 June 30, 2021
------------------------------------------------- ------------------ ------------------
Net sales 8,981 11,112
Cost of sales 4,909 5,743
Gross profit 4,072 5,368
------------------ ------------------
Selling, general and administrative
expenses 1,917 2,186
Operating profit 2,154 3,182
------------------ ------------------
Non-operating income
Interest income 14 11
Rental income 26 25
Foreign exchange gains - 26
Other 17 11
Total non-operating income 58 75
------------------ ------------------
Non-operating expenses
Interest expenses 0 2
Rent expenses on real estate for
investments 11 10
Foreign exchange losses 23 -
Other 18 8
Total non-operating expenses 54 21
------------------ ------------------
Ordinary profit 2,158 3,236
------------------ ------------------
Extraordinary income
Gain on sale of non-current assets 0 0
Gain on liquidation of subsidiaries 11 -
Total extraordinary income 11 0
------------------ ------------------
Extraordinary losses
Loss on sale and retirement of non-current
assets 0 1
Loss related to infectious disease 67 -
Total extraordinary losses 67 1
------------------ ------------------
Profit before income taxes 2,102 3,234
------------------ ------------------
Income taxes - current 447 859
Income taxes - deferred 210 163
Total income taxes 657 1,023
------------------ ------------------
Profit 1,445 2,211
------------------ ------------------
Profit attributable to owners of
parent 1,445 2,211
------------------ ------------------
Consolidated statements of comprehensive income (cumulative)
(Millions of yen)
------------------------------------------------- ------------------ ------------------
Three months ended Three months ended
June 30, 2020 June 30, 2021
------------------------------------------------- ------------------ ------------------
Profit 1,445 2,211
Other comprehensive income
Valuation difference on available-for-sale
securities 40 (8)
Foreign currency translation adjustment (2) 13
Total other comprehensive income 38 5
------------------ ------------------
Comprehensive income 1,483 2,216
------------------ ------------------
Comprehensive income attributable
to
Comprehensive income attributable
to owners of parent 1,483 2,216
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END
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