RNS Number:4953H
Nipro Corporation
10 August 2006
Summary Report of Consolidated Financial Results
For the Three Months Period ended June 30, 2006 (Year ending March 31, 2007)
August 10, 2006
Company name: NIPRO CORPORATION (Code No.: 8086 TSE/CSE-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: 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, 2006.
(From April1, 2006 to June 30, 2006)
(1) Results of Operations (Note: Amounts are truncated to one million yen)
Net Sales Operating Income Recurring Net (Quarter)
Income Income
Millions % Millions % Millions % Millions %
of yen of yen of yen of yen
3 months
ended
June 30,2006 52,461 5.0 3,963 12.0 3,387 (4.4) 1,624 54.1
3 months
ended
June 30,2005 49,975 5.7 3,537 4.1 3,542 12.0 1,054 (39.2)
Year ended
March 31,2006 206,801 12,331 12,228 4,512
Basic Earnings Diluted Earnings
per Share per Share
Yen Yen
3 months ended June 30,2006 25.57 -
3 months ended June 30,2005 16.59 -
Year ended March 31, 2006 69.57 -
(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 declining U.S. dollar in the foreign
exchange market and rise in crude oil price continued, corporate capital
investments and individual consumption showed a steady trend and the Japanese
economy was, on the whole, felt to have made a little improvement.
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 5.0% from
the same period of the previous year to 52,461 million yen. At the results
by segment, net sales of Medical Equipment Division were 22,573 million yen
(increaesed by 1.5%), Pharmaceutical Division were 9,876 million yen
(increeased by 44.7%), Glass and Materials Division were 3,549 million yen
(increased by 22.5%), Supermarket Division were 16,127 million yen (decreased
by 7.5%), Other Division were 334 million yen (decreased by 41.4%).
Operating income increased by 12.0% to 3,963 million yen, and recurring
income decreased by 4.4% to 3,387 million yen, due to affect of foreign
exchange gain and loss. On the other hand, net quarter income increased
by 54.1% to 1,624 million yen, due to the decrease of extraordinary loss etc.
(2)Financial Position
Total Assets Shareholders' Ratio of Shareholders'
Equity Shareholders Equity Equity
to Total Assets per Share
Millions Millions % Millions
of yen of yen of yen
3 months
ended
June 30,2006 324,688 111,152 33.6 1,749.93
3 months
ended
June 30,2005 291,484 96,881 33.2 1,524.28
Year ended
March 31,2006 338,740 112,390 33.2 1,767.69
(note) Shareholders' Equity in 3 months ended June 30, 2005 and year ended
March 31, 2006 do not include minority interests.
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
ended
June 30,2006 4,626 (4,986) (12,859) 36,772
3 months
ended
June 30,2005 (1,112) (8,395) (1,219) 43,317
Year ended
March 31,2006 6,701 (27,555) 15,712 49,914
(Supplementary information on the changes in the financial position)
(1)Changes in the financial position
Total assets decreased by 14,052 million yen from the end of the previous
fiscal year to 324,688million yen. The decrease consisted of decrease in
current asset by 12,279 million yen and decrease in fixed assets by 1,772
million yen.Current assets decreased mainly because of the decrease in cash
and bank deposits by 13,881 million yen as a result of bond retirement.
Fixed assets decreased mainly because of the decrease in investment
securities by 8,372 million yen as a result of price decline of stock.
Liabilities, on the other hand, decreased by 1,122 million yen to 213,535
million yen due to decrease in current portion of bonds by 9,960 million yen
and deferred tax liability by 3,255 million yen etc. Shareholders' Equity
including minority interests decreased by 2,850 million yen to
111,152 million yen .
(2)Cash flows
As regards cash flows for this three month period, net cash provided by
operating activities amounted to 4,626 million yen. Net cash used in
investing activities amounted to 4,986 million yen mainly due to payments for
acquisition of fixed assets. Net cash used in financing activities amounted
to 12,859 million yen mainly due to repayment of long-term bank loans and
bond retirement. As a result, the balance of cash and cash equivalent at
the end of this three month period decreased by 13,141 million yen
to 36,772 million yen.
(Reference)
Projection for Consolidated Results for the Year ending March 31, 2007
(From April 1, 2006 to March 31, 2007)
Net Sales Recurring Income Net Income
Millions of yen Millions of yen Millions of yen
6 months ending
Sep. 30,2006 97,700 3,550 3,400
Year ending
March 31,2007 187,000 9,950 7,000
(Reference) Projected Earnings per Share for the Year ending
March 31, 2007: 110.20yen
(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 and
sales capabilities of each division, and strive hard to improve profitability.
The number of Projection for Consolidated Results for the year ending
March 31, 2007 on this report was mede by amending the number annnouced on
May 19, 2006.
*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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