Maruwa Co Ld 1st Quarter Results
July 29 2024 - 4:02AM
RNS Regulatory News
RNS Number : 1972Y
Maruwa Co Ld
29 July 2024
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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.
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Summary of Consolidated
Financial Results
for the Three Months Ended
June 30, 2024
(Based on Japanese
GAAP)
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July 29,
2024
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Company name:
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MARUWA CO., LTD.
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Stock exchange listing:
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Tokyo, Nagoya
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Stock code:
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5344
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URL
https://www.maruwa-g.com/
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Representative:
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President
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Toshiro Kanbe
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Inquiries:
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Corporate Officer
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Daisuke Yamaguchi
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TEL 0561-51-0841
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Scheduled date to commence dividend
payments:
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-
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Preparation of supplementary material
on financial results:
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Yes
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Holding of financial results
meeting:
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Yes
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(Amounts
less than one million yen are rounded down)
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1. Consolidated financial results for
the three months ended June 30, 2024 (from April 1, 2024 to June
30, 2024)
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(1) Consolidated operating results
(cumulative)
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Percentages indicate year-on-year changes
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Net
sales
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Operating
profit
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Ordinary
profit
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Profit
attributable to owners of parent
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Millions
of yen
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%
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Millions
of yen
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%
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Millions
of yen
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%
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Millions
of yen
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%
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Three months ended June 30,
2024
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16,243
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27.7
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5,640
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59.8
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6,181
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49.1
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4,502
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58.2
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Three months ended June 30,
2023
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12,722
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(8.8)
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3,530
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(25.7)
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4,145
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(27.8)
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2,846
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(30.4)
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Earnings
per share
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Diluted
earnings per share
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Yen
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Yen
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Three months ended June 30,
2024
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364.96
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-
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Three months ended June 30,
2023
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230.73
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-
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(2) Consolidated financial
position
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Total
assets
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Net
assets
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Equity
ratio
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|
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Millions
of yen
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Millions
of yen
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%
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As of June 30, 2024
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124,916
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114,015
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91.3
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As of March 31, 2024
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122,515
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109,203
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89.1
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2. Cash dividends
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Annual
dividends per share
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1st
quarter-end
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2nd
quarter-end
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3rd
quarter-end
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Fiscal
year-end
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Total
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Yen
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Yen
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Yen
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Yen
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Yen
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Year ended March 31, 2024
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-
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43.00
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-
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43.00
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86.00
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Year ending March 31,
2025
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-
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Year ending March 31, 2025
(Forecast)
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47.00
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-
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47.00
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94.00
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3. Forecast of consolidated financial
results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
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Percentages indicate year-on-year changes
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Net
sales
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Operating
profit
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Ordinary
profit
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Profit
attributable to owners of parent
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Earnings
per share
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|
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Millions
of yen
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%
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Millions
of yen
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%
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Millions
of yen
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%
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Millions
of yen
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%
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Yen
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Six
months ending
September
30, 2024
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30,800
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9.8
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10,000
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15.6
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-
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-
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-
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-
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-
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Full
year
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70,300
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14.2
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23,000
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16.2
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-
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-
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-
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-
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-
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4. Notes
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(1) Significant changes in the scope
of consolidation during the three months ended June 30,
2024:
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No
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(2) Application of special accounting
methods for preparing quarterly consolidated financial
statements:
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No
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(3) Changes in accounting policies,
changes in accounting estimates, and restatement of prior period
financial statements
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Changes in accounting policies due to
revisions to accounting standards and other regulations:
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Yes
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Changes in accounting policies due to
other reasons:
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No
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Changes in accounting
estimates:
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No
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Restatement of prior period financial
statements:
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No
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(4) Number of issued shares (common
shares)
Total number of issued shares at the
end of the period (including treasury shares)
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As of June 30, 2024
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12,372,000
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shares
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As of March 31, 2024
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12,372,000
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shares
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Number of treasury shares at the end
of the period
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As of June 30, 2024
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34,148
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shares
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As of March 31, 2024
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34,125
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shares
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Average number of shares during the
period (cumulative from the beginning of the fiscal
year)
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Three months ended June 30,
2024
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12,337,866
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shares
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Three months ended June 30,
2023
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12,337,328
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shares
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Quarterly consolidated financial statements
Consolidated balance sheets
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(Millions of yen)
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As of March 31, 2024
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As of June 30, 2024
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Assets
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Current assets
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Cash and deposits
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55,250
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57,265
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Notes receivable - trade
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360
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241
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Accounts receivable - trade
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13,960
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14,437
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Electronically recorded monetary claims -
operating
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1,746
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1,575
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Merchandise and finished goods
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2,248
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2,235
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Work in process
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2,960
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3,348
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Raw materials and supplies
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4,575
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4,903
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Other
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2,516
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3,727
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Allowance for doubtful accounts
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(133)
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(137)
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Total current assets
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83,485
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87,599
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Non-current assets
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Property, plant and equipment
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Buildings and structures, net
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15,947
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14,595
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Machinery, equipment and vehicles, net
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12,040
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11,220
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Land
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5,005
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5,016
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Construction in progress
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2,952
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3,528
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Other, net
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786
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821
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Total property, plant and equipment
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36,733
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35,183
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Intangible assets
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Other
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318
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397
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Total intangible assets
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318
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397
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Investments and other assets
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1,977
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1,735
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Total non-current assets
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39,029
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37,316
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Total assets
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122,515
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124,916
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(Millions of yen)
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As of March 31, 2024
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As of June 30, 2024
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Liabilities
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Current liabilities
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Notes and accounts payable - trade
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2,957
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2,906
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Electronically recorded obligations - operating
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2,355
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1,668
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Current portion of long-term borrowings
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400
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400
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Income taxes payable
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2,851
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1,640
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Provision for bonuses
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1,042
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582
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Provision for bonuses for directors (and other
officers)
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124
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3
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Other
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3,091
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3,229
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Total current liabilities
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12,821
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10,430
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Non-current liabilities
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Deferred tax liabilities
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127
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104
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Other
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361
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365
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Total non-current liabilities
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489
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470
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Total liabilities
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13,311
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10,901
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Net assets
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Shareholders' equity
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Share capital
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8,646
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8,646
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Capital surplus
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12,031
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12,031
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Retained earnings
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87,573
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91,545
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Treasury shares
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(210)
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(210)
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Total shareholders' equity
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108,042
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112,013
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Accumulated other comprehensive income
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Valuation difference on available-for-sale
securities
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171
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167
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Foreign currency translation adjustment
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989
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1,834
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Total accumulated other comprehensive income
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1,161
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2,001
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Total net assets
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109,203
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114,015
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Total liabilities and net assets
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122,515
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124,916
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Consolidated statements of income (cumulative) and
consolidated statements of comprehensive income
(cumulative)
Consolidated statements of income
(cumulative)
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(Millions of yen)
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Three months ended
June 30, 2023
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Three months ended
June 30, 2024
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Net sales
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12,722
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16,243
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Cost of sales
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6,533
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7,665
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Gross profit
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6,188
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8,578
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Selling, general and administrative expenses
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2,658
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2,937
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Operating profit
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3,530
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5,640
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Non-operating income
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Interest income
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33
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35
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Rental income
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30
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32
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Foreign exchange gains
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525
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472
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Other
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53
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28
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Total non-operating income
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642
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569
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Non-operating expenses
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Interest expenses
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0
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0
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Rent expenses on real estate for investments
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11
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20
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Other
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14
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8
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Total non-operating expenses
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26
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29
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Ordinary profit
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4,145
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6,181
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Extraordinary income
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Gain on sale of non-current assets
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-
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0
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Subsidy income
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-
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2,576
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Total extraordinary income
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-
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2,576
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Extraordinary losses
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Loss on sale and retirement of non-current assets
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127
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15
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Loss on sale of investment securities
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2
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-
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Loss on tax purpose reduction entry of non-current
assets
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-
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2,360
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Total extraordinary losses
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129
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2,376
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Profit before income taxes
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4,015
|
6,381
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Income taxes - current
|
877
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1,653
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Income taxes - deferred
|
291
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224
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Total income taxes
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1,169
|
1,878
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Profit
|
2,846
|
4,502
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Profit attributable to owners of parent
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2,846
|
4,502
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Consolidated statements of comprehensive income
(cumulative)
|
|
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(Millions of yen)
|
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Three months ended
June 30, 2023
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Three months ended
June 30, 2024
|
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Profit
|
2,846
|
4,502
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Other comprehensive income
|
|
|
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Valuation difference on available-for-sale
securities
|
61
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(4)
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Foreign currency translation adjustment
|
352
|
844
|
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Total other comprehensive income
|
414
|
840
|
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Comprehensive income
|
3,260
|
5,343
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Comprehensive income attributable to
|
|
|
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Comprehensive income attributable to owners of
parent
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3,260
|
5,343
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