TIDMMAW
RNS Number : 9620Z
Maruwa Co Ld
28 January 2022
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, 2021
(Based on Japanese GAAP)
January 28, 2022
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: Planning Office Manager Yukiko Morishita TEL 0561-51-0841
Scheduled date to file Quarterly Securities February 14, 2022
Report:
Scheduled date to commence dividend -
payments:
Preparation of supplementary material No
on quarterly financial results:
Holding of quarterly financial results Yes (for analysts and institutional
meeting: investors)
(Amounts less than one million yen are
rounded down)
1. Consolidated financial results for the nine months ended
December 31, 2021 (from April 1, 2021 to December 31, 2021)
(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, 2021 40,070 31.1 13,361 76.4 13,819 86.4 9,511 87.3
Nine months ended December
31, 2020 30,569 (0.8) 7,573 13.1 7,413 9.2 5,078 24.3
-------- ----- ----------- ----- ---------- ----- ------------- ------
Earnings per share Diluted earnings
per share
Yen Yen
Nine months ended December
31, 2021 770.98 -
Nine months ended December
31, 2020 411.78 -
------------------ ----------------
(2) Consolidated financial position
Total assets Net assets Equity ratio
Millions of Millions of %
yen yen
As of December 31, 2021 89,589 75,326 84.1
As of March 31, 2021 78,059 66,344 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,
2021 - 28.00 - 36.00 64.00
Year ending March 31,
2022 - 34.00 -
--------------- --------------- --------------- --------------- -----
Year ending March 31,
2022 (Forecast) 36.00 70.00
--------------- --------------- --------------- --------------- -----
3. Forecast of consolidated financial results for the year
ending March 31, 2022 ( from April 1, 2021 to March 31, 2022)
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 54,500 31.5 17,900 74.7 17,900 73.3 11,800 70.1 956.44
-------- ---- ----------- ----- ---------- ----- ------------- ------ ----------
4. Notes
(1) Changes in significant subsidiaries during the nine No
months ended December 31, 2021
(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 Yes
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, 2021 12,372,000 shares As of March 31, 2021 12,372,000 shares
------------------------- ---------- --------------------- ----------
Number of treasury shares at the end of the period
As of December 31, 2021 34,345 shares As of March 31, 2021 36,327 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, 2021 12,337,311 shares 31, 2020 12,333,434 shares
---------------------------- ---------- --------------------------- ----------
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen)
------------------------------------------------------ --------------- -----------------
As of March 31, As of December
2021 31, 2021
------------------------------------------------------ --------------- -----------------
Assets
Current assets
Cash and deposits 34,088 39,122
Notes and accounts receivable - trade 9,834 13,757
Electronically recorded monetary
claims - operating 1,267 1,976
Merchandise and finished goods 1,641 1,758
Work in process 2,277 2,558
Raw materials and supplies 2,463 3,642
Other 2,148 1,614
Allowance for doubtful accounts (8) (9)
Total current assets 53,714 64,420
--------------- -----------------
Non-current assets
Property, plant and equipment
Buildings and structures 17,012 17,618
Accumulated depreciation (6,967) (7,406)
Buildings and structures, net 10,044 10,212
--------------- -----------------
Machinery, equipment and vehicles 22,354 23,976
Accumulated depreciation (17,149) (18,591)
Machinery, equipment and vehicles,
net 5,204 5,385
--------------- -----------------
Land 4,544 4,550
Construction in progress 1,889 2,145
Other 3,887 4,165
Accumulated depreciation (3,238) (3,510)
Other, net 648 654
--------------- -----------------
Total property, plant and equipment 22,332 22,947
--------------- -----------------
Intangible assets
Other 260 288
Total intangible assets 260 288
--------------- -----------------
Investments and other assets 1,752 1,932
Total non-current assets 24,345 25,168
--------------- -----------------
Total assets 78,059 89,589
--------------- -----------------
(Millions of yen)
------------------------------------------------------ --------------- -----------------
As of March 31, As of December
2021 31, 2021
------------------------------------------------------ --------------- -----------------
Liabilities
Current liabilities
Notes and accounts payable - trade 2,404 3,859
Electronically recorded obligations
- operating 1,931 2,238
Short-term borrowings 100 100
Current portion of long-term borrowings 266 266
Income taxes payable 1,986 2,703
Provision for bonuses 699 437
Provision for bonuses for directors
(and other officers) 49 35
Other 2,172 2,714
Total current liabilities 9,612 12,355
--------------- -----------------
Non-current liabilities
Long-term borrowings 1,599 1,399
Deferred tax liabilities 160 170
Other 342 336
Total non-current liabilities 2,103 1,907
--------------- -----------------
Total liabilities 11,715 14,262
--------------- -----------------
Net assets
Shareholders' equity
Share capital 8,646 8,646
Capital surplus 12,005 12,017
Retained earnings 46,796 55,436
Treasury shares (217) (206)
Total shareholders' equity 67,231 75,894
--------------- -----------------
Accumulated other comprehensive income
Valuation difference on available-for-sale
securities 119 119
Foreign currency translation adjustment (1,006) (686)
Total accumulated other comprehensive
income (886) (567)
--------------- -----------------
Total net assets 66,344 75,326
--------------- -----------------
Total liabilities and net assets 78,059 89,589
--------------- -----------------
Consolidated statements of income (cumulative) and consolidated
statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen)
------------------------------------------------- ------------------ ------------------
Nine months ended Nine months ended
December 31, 2020 December 31, 2021
------------------------------------------------- ------------------ ------------------
Net sales 30,569 40,070
Cost of sales 17,078 19,876
Gross profit 13,491 20,194
------------------ ------------------
Selling, general and administrative
expenses 5,917 6,833
Operating profit 7,573 13,361
------------------ ------------------
Non-operating income
Interest income 37 45
Rental income 65 72
Foreign exchange gains - 333
Other 48 55
Total non-operating income 151 507
------------------ ------------------
Non-operating expenses
Interest expenses 4 6
Foreign exchange losses 248 -
Rent expenses on real estate for
investments 37 33
Other 21 9
Total non-operating expenses 312 49
------------------ ------------------
Ordinary profit 7,413 13,819
------------------ ------------------
Extraordinary income
Gain on sale of non-current assets 2 3
Gain on sale of investment securities 65 -
Gain on liquidation of subsidiaries 11 -
Subsidy income - 89
Total extraordinary income 79 92
------------------ ------------------
Extraordinary losses
Loss on sale and retirement of non-current
assets 92 17
Loss on tax purpose reduction entry
of non-current assets - 75
Impairment losses 169 -
Loss related to infectious disease 68 41
Total extraordinary losses 330 133
------------------ ------------------
Profit before income taxes 7,162 13,778
------------------ ------------------
Income taxes - current 2,038 4,180
Income taxes - deferred 46 85
Total income taxes 2,084 4,266
------------------ ------------------
Profit 5,078 9,511
------------------ ------------------
Profit attributable to owners of
parent 5,078 9,511
------------------ ------------------
Consolidated statements of comprehensive income (cumulative)
(Millions of yen)
------------------------------------------------- ------------------ ------------------
Nine months ended Nine months ended
December 31, 2020 December 31, 2021
------------------------------------------------- ------------------ ------------------
Profit 5,078 9,511
Other comprehensive income
Valuation difference on available-for-sale
securities 53 (0)
Foreign currency translation adjustment 201 320
Total other comprehensive income 254 319
------------------ ------------------
Comprehensive income 5,333 9,831
------------------ ------------------
Comprehensive income attributable
to
Comprehensive income attributable
to owners of parent 5,333 9,831
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