TIDMMAW
RNS Number : 4238B
Maruwa Co Ld
30 January 2020
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 Nine Months Ended December 31, 2019
(Based on Japanese GAAP)
January 30, 2020
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 February 7, 2020
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 nine months ended
December 31, 2019 (from April 1, 2019 to December 31, 2019)
(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
Nine months ended December
31, 2019 30,810 2.2 6,699 (3.7) 6,789 (7.2) 4,087 (15.5)
Nine months ended December
31, 2018 30,149 7.7 6,959 5.0 7,315 10.9 4,838 10.1
-------- --- ---------- ------ ---------- ----- ----------- --------
Earnings per share Diluted earnings
per share
Yen Yen
Nine months ended December
31, 2019 331.36 -
Nine months ended December
31, 2018 391.50 -
------------------ ----------------
(2) Consolidated financial position
Total assets Net assets Equity ratio
Millions of Millions of %
yen yen
As of December 31, 2019 66,529 58,186 87.5
As of March 31, 2019 64,627 54,954 85.0
------------ ----------- ------------
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,
2019 - 24.00 - 24.00 48.00
Year ending March 31,
2020 - 26.00 -
--------------- --------------- --------------- --------------- -----
Year ending March 31,
2020 (Forecast) 26.00 52.00
--------------- --------------- --------------- --------------- -----
3. Forecast of consolidated financial results for the year
ending March 31, 2020 (from April 1, 2019 to March 31, 2020)
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
Full year 38,000 (7.8) 7,800 (18.4) 7,800 (21.4) 5,300 (21.7) 429.39
-------- ----- ---------- ------ --------- ------ ----------- -------- ----------
4. Notes
(1) Changes in significant subsidiaries during the nine No
months ended December 31, 2019
(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 December 31, 2019 12,372,000 shares As of March 31, 2019 12,372,000 shares
------------------------- ---------- --------------------- ----------
Number of treasury shares at the end of the period
As of December 31, 2019 40,113 shares As of March 31, 2019 28,920 shares
------------------------- ------ --------------------- ------
Average number of shares during the period (cumulative from the
beginning of the fiscal year)
Nine months ended December Nine months ended December
31, 2019 12,333,911 shares 31, 2018 12,359,895 shares
---------------------------- ---------- --------------------------- ----------
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen)
------------------------------------------------------ --------------- ------------------
As of March 31, As of December
2019 31, 2019
------------------------------------------------------ --------------- ------------------
Assets
Current assets
Cash and deposits 22,627,403 26,144,617
Notes and accounts receivable - trade 10,266,096 9,360,223
Electronically recorded monetary
claims - operating 1,476,219 1,408,325
Merchandise and finished goods 3,161,672 2,521,012
Work in process 2,337,293 2,288,582
Raw materials and supplies 4,277,629 3,080,234
Other 1,430,685 1,201,467
Allowance for doubtful accounts (1,920) (6,442)
Total current assets 45,575,080 45,998,020
--------------- ------------------
Non-current assets
Property, plant and equipment
Buildings and structures 12,583,053 12,660,478
Accumulated depreciation (6,512,559) (6,473,603)
Buildings and structures, net 6,070,494 6,186,874
--------------- ------------------
Machinery, equipment and vehicles 20,957,313 21,214,074
Accumulated depreciation (16,322,648) (16,531,842)
Machinery, equipment and vehicles,
net 4,634,664 4,682,232
--------------- ------------------
Land 4,003,430 4,044,290
Construction in progress 813,830 2,397,425
Other 4,615,622 3,898,887
Accumulated depreciation (3,790,482) (3,235,157)
Other, net 825,140 663,729
--------------- ------------------
Total property, plant and equipment 16,347,560 17,974,553
--------------- ------------------
Intangible assets
Goodwill 249,423 209,337
Other 283,871 272,315
Total intangible assets 533,294 481,653
--------------- ------------------
Investments and other assets 2,171,586 2,074,960
Total non-current assets 19,052,442 20,531,167
--------------- ------------------
Total assets 64,627,522 66,529,187
--------------- ------------------
(Thousands of yen)
------------------------------------------------------ --------------- ------------------
As of March 31, As of December
2019 31, 2019
------------------------------------------------------ --------------- ------------------
Liabilities
Current liabilities
Notes and accounts payable - trade 2,827,288 2,105,607
Electronically recorded obligations
- operating 1,704,169 1,358,134
Income taxes payable 1,590,551 775,435
Provision for bonuses 627,985 329,627
Provision for bonuses for directors
(and other officers) 63,000 31,500
Other 2,047,119 3,162,815
Total current liabilities 8,860,114 7,763,121
--------------- ------------------
Non-current liabilities
Deferred tax liabilities 452,364 198,758
Other 360,543 380,821
Total non-current liabilities 812,907 579,579
--------------- ------------------
Total liabilities 9,673,021 8,342,701
--------------- ------------------
Net assets
Shareholders' equity
Share capital 8,646,720 8,646,720
Capital surplus 11,994,350 11,992,492
Retained earnings 35,249,658 38,719,859
Treasury shares (188,864) (239,092)
Total shareholders' equity 55,701,864 59,119,980
--------------- ------------------
Accumulated other comprehensive income
Valuation difference on available-for-sale
securities 117,622 156,149
Foreign currency translation adjustment (864,986) (1,089,642)
Total accumulated other comprehensive
income (747,363) (933,493)
--------------- ------------------
Total net assets 54,954,500 58,186,486
--------------- ------------------
Total liabilities and net assets 64,627,522 66,529,187
--------------- ------------------
Consolidated statements of income (cumulative) and consolidated
statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen)
-------------------------------------------------- ------------------ ------------------
Nine months ended Nine months ended
December 31, 2018 December 31, 2019
-------------------------------------------------- ------------------ ------------------
Net sales 30,149,733 30,810,745
Cost of sales 16,948,543 17,956,384
Gross profit 13,201,190 12,854,360
------------------ ------------------
Selling, general and administrative
expenses 6,242,188 6,155,145
Operating profit 6,959,002 6,699,214
------------------ ------------------
Non-operating income
Interest income 21,212 40,940
Rental income 57,211 71,853
Foreign exchange gains 250,261 -
Other 83,028 29,944
Total non-operating income 411,714 142,738
------------------ ------------------
Non-operating expenses
Foreign exchange losses - 2,099
Rent expenses on real estate for
investments 45,143 36,714
Other 9,743 13,937
Total non-operating expenses 54,887 52,751
------------------ ------------------
Ordinary profit 7,315,829 6,789,201
------------------ ------------------
Extraordinary income
Gain on sales of non-current assets 4,043 1,423
Gain on sales of investment securities 3,469 -
Settlement received - 100,000
Total extraordinary income 7,512 101,423
------------------ ------------------
Extraordinary losses
Loss on sales and retirement of non-current
assets 5,354 74,408
Loss on valuation of investment securities - 27,510
Loss on liquidation of business - 775,716
Retirement benefit expenses 51,447 -
Total extraordinary losses 56,801 877,634
------------------ ------------------
Profit before income taxes 7,266,540 6,012,990
------------------ ------------------
Income taxes - current 2,223,395 2,103,322
Income taxes - deferred 204,222 (177,395)
Total income taxes 2,427,618 1,925,926
------------------ ------------------
Profit 4,838,922 4,087,063
------------------ ------------------
Profit attributable to owners of
parent 4,838,922 4,087,063
------------------ ------------------
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen)
------------------------------------------------- ------------------ ------------------
Nine months ended Nine months ended
December 31, 2018 December 31, 2019
------------------------------------------------- ------------------ ------------------
Profit 4,838,922 4,087,063
Other comprehensive income
Valuation difference on available-for-sale
securities (50,450) 38,526
Foreign currency translation adjustment (293,962) (224,656)
Total other comprehensive income (344,413) (186,129)
------------------ ------------------
Comprehensive income 4,494,508 3,900,933
------------------ ------------------
Comprehensive income attributable
to
Comprehensive income attributable
to owners of parent 4,494,508 3,900,933
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END
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