TIDMMAW
RNS Number : 9237T
Maruwa Co Ld
27 July 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 Three Months Ended June 30, 2022
(Based on Japanese GAAP)
July 27, 2022
Company name: MARUWA CO., LTD.
Stock exchange Tokyo, Nagoya
listing:
Stock code: 5344 URL https://www.maruwa-g.com/
Representative: Chairman Sei Kanbe
Inquiries: Director Yukiko Morishita TEL 0561-51-0841
Scheduled date to file Quarterly Securities August 9, 2022
Report:
Scheduled date to commence dividend -
payments:
Preparation of supplementary material Yes
on quarterly financial results:
Holding of quarterly financial results Yes (for institutional investors and
meeting: analysts)
(Amounts less than one million yen are
rounded down)
1. Consolidated financial results for the three months ended
June 30, 2022 (from April 1, 2022 to June 30, 2022)
(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, 2022 13,954 25.6 4,749 49.3 5,740 77.4 4,088 84.9
Three months ended June
30, 2021 11,112 23.7 3,182 47.7 3,236 49.9 2,211 53.0
-------- ---- ----------- ----- ---------- ----- ------------- ------
Earnings per share Diluted earnings
per share
Yen Yen
Three months ended June
30, 2022 331.41 -
Three months ended June
30, 2021 179.24 -
------------------ ----------------
(2) Consolidated financial position
Total assets Net assets Equity ratio
Millions of Millions of %
yen yen
As of June 30, 2022 96,246 84,009 87.3
As of March 31, 2022 95,899 79,681 83.1
------------ ----------- ------------
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,
2022 - 34.00 - 36.00 70.00
Year ending March 31, -
2023
--------------- --------------- --------------- --------------- -----
Year ending March 31,
2023 (Forecast) 38.00 - 38.00 76.00
--------------- --------------- --------------- --------------- -----
3. Forecast of consolidated financial results for the year
ending March 31, 2023 ( from April 1, 2022 to March 31, 2023)
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,
2022 27,000 9.2 8,100 2.2 8,100 (0.2) 5,500 (1.2) 445.79
Full year 60,000 10.4 18,500 1.6 18,500 (3.6) 12,900 (3.4) 1,045.59
-------- ---- ------------ ---- ---------- ----- ------------ ------- ----------
4. Notes
(1) Changes in significant subsidiaries during the three Yes
months ended June 30, 2022
(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, 2022 12,372,000 shares As of March 31, 2022 12,372,000 shares
--------------------- ---------- --------------------- ----------
Number of treasury shares at the end of the period
As of June 30, 2022 34,663 shares As of March 31, 2022 34,492 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, 2022 12,337,461 shares 30, 2021 12,336,524 shares
------------------------- ---------- ------------------------ ----------
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen)
--------------------------------------------------- --------------- -----------------
As of March 31, As of June 30,
2022 2022
--------------------------------------------------- --------------- -----------------
Assets
Current assets
Cash and deposits 44,621 44,319
Notes receivable - trade 473 355
Accounts receivable - trade 12,876 12,567
Electronically recorded monetary
claims - operating 1,810 1,727
Merchandise and finished goods 1,632 1,989
Work in process 2,648 3,129
Raw materials and supplies 3,706 3,820
Other 2,389 967
Allowance for doubtful accounts (9) (9)
Total current assets 70,149 68,866
--------------- -----------------
Non-current assets
Property, plant and equipment
Buildings and structures, net 10,101 10,308
Machinery, equipment and vehicles,
net 5,478 7,377
Land 4,699 4,704
Construction in progress 2,653 2,479
Other, net 590 657
Total property, plant and equipment 23,524 25,527
--------------- -----------------
Intangible assets
Other 298 307
Total intangible assets 298 307
--------------- -----------------
Investments and other assets 1,927 1,545
Total non-current assets 25,750 27,379
--------------- -----------------
Total assets 95,899 96,246
--------------- -----------------
(Millions of yen)
------------------------------------------------------ --------------- -----------------
As of March 31, As of June 30,
2022 2022
------------------------------------------------------ --------------- -----------------
Liabilities
Current liabilities
Notes and accounts payable - trade 3,444 3,049
Electronically recorded obligations
- operating 2,419 2,333
Short-term borrowings 100 100
Current portion of long-term borrowings 866 866
Income taxes payable 4,731 1,279
Provision for bonuses 866 425
Provision for bonuses for directors
(and other officers) 71 3
Other 2,455 2,976
Total current liabilities 14,953 11,034
--------------- -----------------
Non-current liabilities
Long-term borrowings 733 666
Deferred tax liabilities 153 175
Other 377 359
Total non-current liabilities 1,264 1,201
--------------- -----------------
Total liabilities 16,218 12,236
--------------- -----------------
Net assets
Shareholders' equity
Share capital 8,646 8,646
Capital surplus 12,017 12,017
Retained earnings 59,274 62,906
Treasury shares (207) (208)
Total shareholders' equity 79,732 83,362
--------------- -----------------
Accumulated other comprehensive income
Valuation difference on available-for-sale
securities 104 98
Foreign currency translation adjustment (155) 548
Total accumulated other comprehensive
income (51) 646
--------------- -----------------
Total net assets 79,681 84,009
--------------- -----------------
Total liabilities and net assets 95,899 96,246
--------------- -----------------
Consolidated statements of income (cumulative) and consolidated
statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen)
------------------------------------------------- ------------------ ------------------
Three months ended Three months ended
June 30, 2021 June 30, 2022
------------------------------------------------- ------------------ ------------------
Net sales 11,112 13,954
Cost of sales 5,743 6,742
Gross profit 5,368 7,212
------------------ ------------------
Selling, general and administrative
expenses 2,186 2,462
Operating profit 3,182 4,749
------------------ ------------------
Non-operating income
Interest income 11 13
Rental income 25 25
Foreign exchange gains 26 960
Other 11 14
Total non-operating income 75 1,013
------------------ ------------------
Non-operating expenses
Interest expenses 2 1
Rent expenses on real estate for
investments 10 12
Other 8 8
Total non-operating expenses 21 22
------------------ ------------------
Ordinary profit 3,236 5,740
------------------ ------------------
Extraordinary income
Gain on sale of non-current assets 0 0
Gain on liquidation of subsidiaries - 3
Total extraordinary income 0 3
------------------ ------------------
Extraordinary losses
Loss on sale and retirement of non-current
assets 1 1
Total extraordinary losses 1 1
------------------ ------------------
Profit before income taxes 3,234 5,743
------------------ ------------------
Income taxes - current 859 1,262
Income taxes - deferred 163 391
Total income taxes 1,023 1,654
------------------ ------------------
Profit 2,211 4,088
------------------ ------------------
Profit attributable to owners of
parent 2,211 4,088
------------------ ------------------
Consolidated statements of comprehensive income (cumulative)
(Millions of yen)
------------------------------------------------- ------------------ ------------------
Three months ended Three months ended
June 30, 2021 June 30, 2022
------------------------------------------------- ------------------ ------------------
Profit 2,211 4,088
Other comprehensive income
Valuation difference on available-for-sale
securities (8) (5)
Foreign currency translation adjustment 13 703
Total other comprehensive income 5 697
------------------ ------------------
Comprehensive income 2,216 4,786
------------------ ------------------
Comprehensive income attributable
to
Comprehensive income attributable
to owners of parent 2,216 4,786
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END
QRFUBUKRUWUBURR
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