TIDMMAW
RNS Number : 0225M
Maruwa Co Ld
25 July 2017
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, 2017
(Based on Japanese GAAP)
July 25, 2017
Company name: MARUWA CO., LTD.
Stock exchange Tokyo, Nagoya
listing:
Stock code: 5344 URL http://www.maruwa-g.com/
Representative: President and Representative Sei Kanbe
Director
Inquiries: Director, General Tamaki Nozoki TEL 0561-51-0839
Manager of Administrative
Division
Scheduled date to file Quarterly August 9, 2017
Securities Report:
Scheduled date to commence -
dividend payments:
Preparation of supplementary No
material on quarterly financial
results:
Holding of quarterly financial No
results meeting:
(Amounts less than one million
yen are rounded down)
1. Consolidated financial results for the three months ended
June 30, 2017 (from April 1, 2017 to June 30, 2017)
(1) Consolidated operating Percentages indicate year-on-year
results (cumulative) changes
Net sales Operating Ordinary Profit attributable
profit profit to owners
of parent
-------------------- -------------- -------------- --------------- ---------------------
Millions % Millions % Millions % Millions %
of yen of yen of yen of yen
Three months ended
June 30, 2017 8,175 11.4 1,670 51.7 1,652 101.9 1,078 112.1
Three months ended
June 30, 2016 7,341 2.1 1,100 69.0 818 10.0 508 15.0
-------------------- -------- ---- -------- ---- -------- ----- ------------ -------
Earnings per Diluted earnings
share per share
-------------------- ------------ ----------------
Yen Yen
Three months ended
June 30, 2017 87.33 -
Three months ended
June 30, 2016 41.18 41.17
-------------------- ------------ ----------------
(2) Consolidated financial position
Total assets Net assets Equity ratio
--------------------- ------------ ---------- ------------
Millions Millions %
of yen of yen
As of June 30, 2017 50,895 44,324 87.1
As of March 31,
2017 50,593 43,317 85.6
--------------------- ------------ ---------- ------------
2. Cash dividends
Annual dividends per share
---------------------- -------------------------------------------------------------------
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal Total
year-end
---------------------- --------------- --------------- --------------- --------- -----
Yen Yen Yen Yen Yen
Year ended March
31, 2017 - 20.00 - 20.00 40.00
Year ending March -
31, 2018
---------------------- --------------- --------------- --------------- --------- -----
Year ending March
31, 2018 (Forecast) 22.00 - 22.00 44.00
---------------------- --------------- --------------- --------------- --------- -----
3. Forecast of consolidated financial results for the year
ending March 31, 2018 (from April 1, 2017 to March 31, 2018)
Percentages indicate year-on-year changes
Net sales Operating Ordinary Profit attributable Earnings
profit profit to owners per share
of parent
----------- --------------- --------------- ------------- --------------------- ----------
Millions % Millions % Millions % Millions % Yen
of yen of yen of yen of yen
Six months
ending
September
30, 2017 14,800 (2.4) 2,100 (8.9) 2,100 3.6 1,300 12.8 105.24
Full year 33,350 3.6 5,400 9.0 5,450 9.5 3,400 19.3 275.25
----------- -------- ----- -------- ----- -------- --- ------------- ------ ----------
4. Notes
(1) Changes in significant subsidiaries No
during the three months ended June 30,
2017
(changes in specified subsidiaries resulting
in the change in scope of consolidation):
(2) Application of special accounting methods No
for preparing 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 No
revisions to accounting standards and
other regulations:
Changes in accounting policies due to No
other reasons:
Changes in accounting estimates: No
Restatement of prior period financial No
statements:
(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, As of March 31,
2017 12,372,000 shares 2017 12,372,000 shares
---------------- ---------- ------- ---------------- ---------- -------
Number of treasury shares at the end of the period
As of June 30, As of March 31,
2017 30,702 shares 2017 19,629 shares
---------------- ------ ------- ---------------- ------ -------
Average number of shares during the period (cumulative from the
beginning of the fiscal year)
Three months ended Three months ended
June 30, 2017 12,351,971 shares June 30, 2016 12,349,962 shares
-------------------- ---------- ------- ------------------- ---------- -------
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands
of yen)
--------------------------------------------- ------------ ------------
As of March As of June
31, 2017 30, 2017
--------------------------------------------- ------------ ------------
Assets
Current assets
Cash and deposits 18,027,046 18,696,547
Notes and accounts receivable
- trade 8,736,607 8,196,274
Electronically recorded
monetary claims - operating 503,710 527,220
Merchandise and finished
goods 2,222,216 2,222,201
Work in process 1,400,373 1,506,084
Raw materials and supplies 3,249,129 3,337,259
Deferred tax assets 321,655 180,754
Other 755,238 431,395
Allowance for doubtful accounts (2,850) (2,725)
Total current assets 35,213,127 35,095,013
------------ ------------
Non-current assets
Property, plant and equipment
Buildings and structures 10,073,489 10,617,624
Accumulated depreciation (5,731,785) (5,844,711)
Buildings and structures,
net 4,341,703 4,772,913
------------ ------------
Machinery, equipment and
vehicles 18,213,958 18,703,680
Accumulated depreciation (14,338,009) (14,676,139)
Machinery, equipment and
vehicles, net 3,875,948 4,027,541
------------ ------------
Land 3,668,726 3,673,759
Construction in progress 679,005 433,848
Other 3,590,735 3,745,948
Accumulated depreciation (3,029,884) (3,142,333)
Other, net 560,851 603,615
------------ ------------
Total property, plant and
equipment 13,126,235 13,511,678
------------ ------------
Intangible assets
Goodwill 20,740 13,827
Other 278,983 281,882
Total intangible assets 299,723 295,710
------------ ------------
Investments and other assets 1,954,773 1,993,393
Total non-current assets 15,380,733 15,800,782
------------ ------------
Total assets 50,593,860 50,895,796
------------ ------------
(Thousands
of yen)
------------------------------------------ ----------- -----------
As of March As of June
31, 2017 30, 2017
------------------------------------------ ----------- -----------
Liabilities
Current liabilities
Notes and accounts payable
- trade 3,503,852 2,767,556
Electronically recorded
obligations - operating - 657,413
Current portion of long-term
loans payable 22,800 -
Income taxes payable 1,024,872 455,802
Provision for bonuses 458,385 250,662
Provision for directors'
bonuses 27,500 2,750
Other 1,726,211 1,909,790
Total current liabilities 6,763,623 6,043,975
----------- -----------
Non-current liabilities
Deferred tax liabilities 187,311 201,213
Provision for environmental
measures 13,526 13,526
Other 312,136 312,225
Total non-current liabilities 512,973 526,965
----------- -----------
Total liabilities 7,276,596 6,570,940
----------- -----------
Net assets
Shareholders' equity
Capital stock 8,646,720 8,646,720
Capital surplus 11,948,946 11,948,946
Retained earnings 24,022,962 24,854,592
Treasury shares (42,051) (93,117)
Total shareholders' equity 44,576,578 45,357,141
----------- -----------
Accumulated other comprehensive
income
Valuation difference on
available-for-sale securities 121,179 146,298
Foreign currency translation
adjustment (1,380,493) (1,178,584)
Total accumulated other
comprehensive income (1,259,314) (1,032,285)
----------- -----------
Total net assets 43,317,263 44,324,855
----------- -----------
Total liabilities and net
assets 50,593,860 50,895,796
----------- -----------
Consolidated statements of income (cumulative) and consolidated
statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands
of yen)
-------------------------------------- -------------- --------------
Three months Three months
ended ended
June 30, 2016 June 30, 2017
-------------------------------------- -------------- --------------
Net sales 7,341,114 8,175,409
Cost of sales 4,573,757 4,774,372
Gross profit 2,767,357 3,401,036
-------------- --------------
Selling, general and administrative
expenses 1,666,496 1,730,586
Operating profit 1,100,860 1,670,450
-------------- --------------
Non-operating income
Interest income 7,146 5,379
Rent income 9,501 20,241
Other 8,359 8,915
Total non-operating income 25,007 34,536
-------------- --------------
Non-operating expenses
Interest expenses 597 7
Rent expenses on real estate
for investments 10,797 10,017
Foreign exchange losses 286,325 38,517
Other 9,561 3,471
Total non-operating expenses 307,281 52,014
-------------- --------------
Ordinary profit 818,586 1,652,971
-------------- --------------
Extraordinary income
Gain on sales of non-current
assets - 537
Total extraordinary income - 537
-------------- --------------
Extraordinary losses
Loss on sales and retirement
of non-current assets 6,053 55,363
Total extraordinary losses 6,053 55,363
-------------- --------------
Profit before income taxes 812,532 1,598,145
-------------- --------------
Income taxes - current 197,709 368,956
Income taxes - deferred 106,305 150,512
Total income taxes 304,015 519,468
-------------- --------------
Profit 508,516 1,078,677
-------------- --------------
Profit attributable to owners
of parent 508,516 1,078,677
-------------- --------------
Consolidated statements of comprehensive income (cumulative)
(Thousands
of yen)
---------------------------------------- -------------- --------------
Three months Three months
ended ended
June 30, 2016 June 30, 2017
---------------------------------------- -------------- --------------
Profit 508,516 1,078,677
Other comprehensive income
Valuation difference on
available-for-sale securities (24,951) 25,119
Foreign currency translation
adjustment (913,272) 201,908
Total other comprehensive
income (938,224) 227,028
-------------- --------------
Comprehensive income (429,707) 1,305,705
-------------- --------------
Comprehensive income attributable
to
Comprehensive income attributable
to owners of parent (429,707) 1,305,705
This information is provided by RNS
The company news service from the London Stock Exchange
END
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