TIDMMAW
RNS Number : 3165D
Maruwa Co Ld
30 January 2018
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.
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Summary of Consolidated Financial Results
for the Nine Months Ended December 31, 2017
(Based on Japanese GAAP)
January 30, 2018
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 February 9, 2018
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 nine months ended
December 31, 2017 (from April 1, 2017 to December 31, 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
Nine months ended
December 31, 2017 28,005 20.0 6,629 84.5 6,599 82.7 4,396 98.5
Nine months ended
December 31, 2016 23,334 4.6 3,593 40.4 3,611 38.2 2,215 33.1
-------------------- -------- ---- -------- ---- -------- ---- ------------- ------
Earnings per Diluted earnings
share per share
-------------------- ------------ ----------------
Yen Yen
Nine months ended
December 31, 2017 355.63 -
Nine months ended
December 31, 2016 179.34 179.34
-------------------- ------------ ----------------
(2) Consolidated financial position
Total assets Net assets Equity ratio
-------------------- ------------ ---------- ------------
Millions Millions %
of yen of yen
As of December 31,
2017 56,681 48,120 84.9
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 - 22.00 -
---------------------- --------------- --------------- --------------- --------- -----
Year ending March
31, 2018 (Forecast) 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
Full year 38,000 18.1 8,900 79.7 8,900 78.8 5,700 100.0 461.06
---------- -------- ---- -------- ---- -------- ---- ------------ ------- ----------
4. Notes
(1) Changes in significant subsidiaries No
during the nine months ended December 31,
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 December As of March 31,
31, 2017 12,372,000 shares 2017 12,372,000 shares
---------------- ---------- ------- ---------------- ---------- -------
Number of treasury shares at the end of the period
As of December As of March 31,
31, 2017 702 shares 2017 19,629 shares
---------------- --- ------- ---------------- ------ -------
Average number of shares during the period (cumulative from the
beginning of the fiscal year)
Nine months ended Nine months ended
December 31, 2017 12,362,683 shares December 31, 2016 12,351,410 shares
-------------------- ---------- ------- ------------------- ---------- -------
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands
of yen)
--------------------------------------------- ------------ --------------
As of March As of December
31, 2017 31, 2017
--------------------------------------------- ------------ --------------
Assets
Current assets
Cash and deposits 18,027,046 19,896,171
Notes and accounts receivable
- trade 8,736,607 10,325,697
Electronically recorded
monetary claims - operating 503,710 776,183
Merchandise and finished
goods 2,222,216 2,597,749
Work in process 1,400,373 1,697,260
Raw materials and supplies 3,249,129 3,573,829
Deferred tax assets 321,655 331,074
Other 755,238 851,283
Allowance for doubtful accounts (2,850) (1,710)
Total current assets 35,213,127 40,047,539
------------ --------------
Non-current assets
Property, plant and equipment
Buildings and structures 10,073,489 11,099,141
Accumulated depreciation (5,731,785) (6,091,373)
Buildings and structures,
net 4,341,703 5,007,768
------------ --------------
Machinery, equipment and
vehicles 18,213,958 19,816,058
Accumulated depreciation (14,338,009) (15,602,110)
Machinery, equipment and
vehicles, net 3,875,948 4,213,947
------------ --------------
Land 3,668,726 3,868,420
Construction in progress 679,005 454,389
Other 3,590,735 4,104,651
Accumulated depreciation (3,029,884) (3,417,400)
Other, net 560,851 687,251
------------ --------------
Total property, plant and
equipment 13,126,235 14,231,777
------------ --------------
Intangible assets
Goodwill 20,740 -
Other 278,983 285,040
Total intangible assets 299,723 285,040
------------ --------------
Investments and other assets 1,954,773 2,116,739
Total non-current assets 15,380,733 16,633,558
------------ --------------
Total assets 50,593,860 56,681,097
------------ --------------
(Thousands
of yen)
------------------------------------------ ----------- --------------
As of March As of December
31, 2017 31, 2017
------------------------------------------ ----------- --------------
Liabilities
Current liabilities
Notes and accounts payable
- trade 3,503,852 2,464,841
Electronically recorded
obligations - operating - 1,559,230
Current portion of long-term
loans payable 22,800 -
Income taxes payable 1,024,872 1,351,518
Provision for bonuses 458,385 358,506
Provision for directors'
bonuses 27,500 31,500
Provision for environmental
measures - 13,526
Other 1,726,211 2,036,123
Total current liabilities 6,763,623 7,815,246
----------- --------------
Non-current liabilities
Deferred tax liabilities 187,311 322,270
Net defined benefit liability - 115,742
Provision for environmental
measures 13,526 -
Other 312,136 307,838
Total non-current liabilities 512,973 745,851
----------- --------------
Total liabilities 7,276,596 8,561,097
----------- --------------
Net assets
Shareholders' equity
Capital stock 8,646,720 8,646,720
Capital surplus 11,948,946 11,996,407
Retained earnings 24,022,962 27,900,348
Treasury shares (42,051) (2,129)
Total shareholders' equity 44,576,578 48,541,346
----------- --------------
Accumulated other comprehensive
income
Valuation difference on
available-for-sale securities 121,179 209,004
Foreign currency translation
adjustment (1,380,493) (630,350)
Total accumulated other
comprehensive income (1,259,314) (421,346)
----------- --------------
Total net assets 43,317,263 48,120,000
----------- --------------
Total liabilities and net
assets 50,593,860 56,681,097
----------- --------------
Consolidated statements of income (cumulative) and consolidated
statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands
of yen)
-------------------------------------- ------------- -------------
Nine months Nine months
ended ended
December 31, December 31,
2016 2017
-------------------------------------- ------------- -------------
Net sales 23,334,558 28,005,826
Cost of sales 14,594,359 15,820,021
Gross profit 8,740,199 12,185,805
------------- -------------
Selling, general and administrative
expenses 5,146,344 5,556,595
Operating profit 3,593,854 6,629,209
------------- -------------
Non-operating income
Interest income 25,259 23,708
Rent income 53,975 54,668
Other 50,842 27,017
Total non-operating income 130,078 105,394
------------- -------------
Non-operating expenses
Interest expenses 1,358 7
Foreign exchange losses 53,026 99,867
Rent expenses on real estate
for investments 32,950 31,162
Other 25,152 4,123
Total non-operating expenses 112,486 135,160
------------- -------------
Ordinary profit 3,611,445 6,599,444
------------- -------------
Extraordinary income
Gain on sales of non-current
assets 582 8,162
Gain on bargain purchase - 8,199
Total extraordinary income 582 16,362
------------- -------------
Extraordinary losses
Loss on sales and retirement
of non-current assets 79,179 57,982
Loss on liquidation of business 235,069 83,248
Other 2,350 -
Total extraordinary losses 316,598 141,231
------------- -------------
Profit before income taxes 3,295,429 6,474,575
------------- -------------
Income taxes - current 910,712 1,971,317
Income taxes - deferred 169,537 106,657
Total income taxes 1,080,249 2,077,974
------------- -------------
Profit 2,215,179 4,396,601
------------- -------------
Profit attributable to owners
of parent 2,215,179 4,396,601
------------- -------------
Consolidated statements of comprehensive income (cumulative)
(Thousands
of yen)
---------------------------------------- ------------- -------------
Nine months Nine months
ended ended
December 31, December 31,
2016 2017
---------------------------------------- ------------- -------------
Profit 2,215,179 4,396,601
Other comprehensive income
Valuation difference on
available-for-sale securities 54,478 87,824
Foreign currency translation
adjustment (668,325) 750,142
Total other comprehensive
income (613,846) 837,967
------------- -------------
Comprehensive income 1,601,332 5,234,568
------------- -------------
Comprehensive income attributable
to
Comprehensive income attributable
to owners of parent 1,601,332 5,234,568
This information is provided by RNS
The company news service from the London Stock Exchange
END
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