TIDMMAW
RNS Number : 8861V
Maruwa Co Ld
26 July 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.
Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2018
(Based on Japanese GAAP)
July 26, 2018
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: Director, General Manager Tamaki Nozoki TEL 0561-51-0839
of Administrative Division
Scheduled date to file Quarterly Securities August 9, 2018
Report:
Scheduled date to commence dividend -
payments:
Preparation of supplementary material No
on quarterly financial results:
Holding of quarterly financial results No
meeting:
(Amounts less than one million yen are
rounded down)
1. Consolidated financial results for the three months ended
June 30, 2018 (from April 1, 2018 to June 30, 2018)
(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, 2018 9,329 14.1 2,051 22.8 2,250 36.1 1,509 40.0
Three months ended June
30, 2017 8,175 11.4 1,670 51.7 1,652 101.9 1,078 112.1
-------- ---- ----------- ----- ---------- ----- ------------ -------
Earnings per share Diluted earnings
per share
Yen Yen
Three months ended June
30, 2018 122.11 -
Three months ended June
30, 2017 87.32 -
------------------ ----------------
(2) Consolidated financial position
Total assets Net assets Equity ratio
Millions of Millions of %
yen yen
As of June 30, 2018 57,972 50,193 86.6
As of March 31, 2018 58,514 49,029 83.8
------------ ----------- ------------
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,
2018 - 22.00 - 22.00 44.00
Year ending March 31, -
2019
--------------- --------------- --------------- --------------- -----
Year ending March 31,
2019 (Forecast) 24.00 - 24.00 48.00
--------------- --------------- --------------- --------------- -----
3. Forecast of consolidated financial results for the year
ending March 31, 2019 (from April 1, 2018 to March 31, 2019)
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,
2018 18,100 3.7 4,050 3.9 4,050 1.8 2,700 2.2 218.40
Full year 40,300 4.6 9,800 6.8 9,850 11.1 6,550 18.1 529.83
-------- --- ------------ ---- ---------- ----- ------------- ------ ----------
4. Notes
(1) Changes in significant subsidiaries during the three No
months ended June 30, 2018
(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 No
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, 2018 12,372,000 shares As of March 31, 2018 12,372,000 shares
--------------------- ---------- --------------------- ----------
Number of treasury shares at the end of the period
As of June 30, 2018 9,826 shares As of March 31, 2018 9,702 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, 2018 12,362,225 shares 30, 2017 12,351,971 shares
------------------------- ---------- ------------------------ ----------
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen)
------------------------------------------------------ --------------- ------------------
As of March 31, As of June 30,
2018 2018
------------------------------------------------------ --------------- ------------------
Assets
Current assets
Cash and deposits 21,994,568 22,020,958
Notes and accounts receivable - trade 9,790,135 9,213,579
Electronically recorded monetary
claims - operating 1,047,980 1,155,141
Merchandise and finished goods 2,220,883 2,470,471
Work in process 1,817,145 1,817,393
Raw materials and supplies 3,630,476 3,666,912
Other 1,171,284 752,163
Allowance for doubtful accounts (1,670) (1,580)
Total current assets 41,670,803 41,095,040
--------------- ------------------
Non-current assets
Property, plant and equipment
Buildings and structures 11,159,776 11,248,478
Accumulated depreciation (6,133,121) (6,212,037)
Buildings and structures, net 5,026,654 5,036,441
--------------- ------------------
Machinery, equipment and vehicles 19,595,623 19,803,893
Accumulated depreciation (15,542,570) (15,686,639)
Machinery, equipment and vehicles,
net 4,053,052 4,117,253
--------------- ------------------
Land 3,943,218 3,940,123
Construction in progress 389,265 468,728
Other 4,163,793 4,259,698
Accumulated depreciation (3,483,672) (3,546,604)
Other, net 680,121 713,094
--------------- ------------------
Total property, plant and equipment 14,092,312 14,275,641
--------------- ------------------
Intangible assets
Other 274,885 283,611
Total intangible assets 274,885 283,611
--------------- ------------------
Investments and other assets 2,476,673 2,317,779
Total non-current assets 16,843,870 16,877,032
--------------- ------------------
Total assets 58,514,674 57,972,073
--------------- ------------------
(Thousands of yen)
------------------------------------------------------ --------------- ------------------
As of March 31, As of June 30,
2018 2018
------------------------------------------------------ --------------- ------------------
Liabilities
Current liabilities
Notes and accounts payable - trade 2,428,784 2,238,456
Electronically recorded obligations
- operating 1,456,612 1,357,949
Income taxes payable 2,061,684 535,555
Provision for bonuses 542,637 320,382
Provision for directors' bonuses 63,000 3,500
Provision for environmental measures 3,436 -
Other 2,079,222 2,339,284
Total current liabilities 8,635,378 6,795,128
--------------- ------------------
Non-current liabilities
Deferred tax liabilities 449,309 582,514
Net defined benefit liability 82,126 76,508
Other 318,304 324,539
Total non-current liabilities 849,740 983,562
--------------- ------------------
Total liabilities 9,485,118 7,778,690
--------------- ------------------
Net assets
Shareholders' equity
Capital stock 8,646,720 8,646,720
Capital surplus 11,996,407 11,996,407
Retained earnings 29,048,238 30,285,886
Treasury shares (77,131) (78,195)
Total shareholders' equity 49,614,235 50,850,818
--------------- ------------------
Accumulated other comprehensive income
Valuation difference on available-for-sale
securities 166,404 164,943
Foreign currency translation adjustment (751,083) (822,379)
Total accumulated other comprehensive
income (584,678) (657,435)
--------------- ------------------
Total net assets 49,029,556 50,193,382
--------------- ------------------
Total liabilities and net assets 58,514,674 57,972,073
--------------- ------------------
Consolidated statements of income (cumulative) and consolidated
statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen)
-------------------------------------------------- ------------------ ------------------
Three months ended Three months ended
June 30, 2017 June 30, 2018
-------------------------------------------------- ------------------ ------------------
Net sales 8,175,409 9,329,907
Cost of sales 4,774,372 5,315,196
Gross profit 3,401,036 4,014,710
------------------ ------------------
Selling, general and administrative
expenses 1,730,586 1,963,094
Operating profit 1,670,450 2,051,616
------------------ ------------------
Non-operating income
Interest income 5,379 5,030
Rent income 20,241 19,681
Foreign exchange gains - 150,284
Other 8,915 44,964
Total non-operating income 34,536 219,961
------------------ ------------------
Non-operating expenses
Interest expenses 7 -
Rent expenses on real estate for
investments 10,017 13,679
Foreign exchange losses 38,517 -
Other 3,471 7,812
Total non-operating expenses 52,014 21,491
------------------ ------------------
Ordinary profit 1,652,971 2,250,085
------------------ ------------------
Extraordinary income
Gain on sales of non-current assets 537 473
Gain on sales of investment securities - 3,458
Total extraordinary income 537 3,932
------------------ ------------------
Extraordinary losses
Loss on sales and retirement of non-current
assets 55,363 1,576
Total extraordinary losses 55,363 1,576
------------------ ------------------
Profit before income taxes 1,598,145 2,252,442
------------------ ------------------
Income taxes - current 368,956 452,742
Income taxes - deferred 150,512 290,082
Total income taxes 519,468 742,824
------------------ ------------------
Profit 1,078,677 1,509,618
------------------ ------------------
Profit attributable to owners of
parent 1,078,677 1,509,618
------------------ ------------------
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen)
------------------------------------------------- ------------------ ------------------
Three months ended Three months ended
June 30, 2017 June 30, 2018
------------------------------------------------- ------------------ ------------------
Profit 1,078,677 1,509,618
Other comprehensive income
Valuation difference on available-for-sale
securities 25,119 (1,460)
Foreign currency translation adjustment 201,908 (71,296)
Total other comprehensive income 227,028 (72,756)
------------------ ------------------
Comprehensive income 1,305,705 1,436,861
------------------ ------------------
Comprehensive income attributable
to
Comprehensive income attributable
to owners of parent 1,305,705 1,436,861
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END
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