TIDMMAW
RNS Number : 4064H
Maruwa Co Ld
27 July 2023
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, 2023
(Based on Japanese GAAP)
July 27, 2023
Company name: MARUWA CO., LTD.
Stock exchange Tokyo, Nagoya
listing:
Stock code: 5344 URL https://www.maruwa-g.com/
Representative: President and Representative Toshiro Kanbe
Director
Inquiries: Director Yukiko Morishita TEL 0561-51-0841
Scheduled date to file Quarterly Securities August 9, 2023
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, 2023 (from April 1, 2023 to June 30, 2023)
(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, 2023 12,722 (8.8) 3,530 (25.7) 4,145 (27.8) 2,846 (30.4)
Three months ended June
30, 2022 13,954 25.6 4,749 49.3 5,740 77.4 4,088 84.9
-------- ----- ---------- ------ --------- ------ ----------- --------
Earnings per share Diluted earnings
per share
Yen Yen
Three months ended June
30, 2023 230.73 -
Three months ended June
30, 2022 331.41 -
------------------ ----------------
(2) Consolidated financial position
Total assets Net assets Equity ratio
Millions of Millions of %
yen yen
As of June 30, 2023 108,264 96,980 89.6
As of March 31, 2023 108,031 94,215 87.2
------------ ----------- ------------
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,
2023 - 38.00 - 40.00 78.00
Year ending March 31, -
2024
--------------- --------------- --------------- --------------- -----
Year ending March 31,
2024 (Forecast) 43.00 - 43.00 86.00
--------------- --------------- --------------- --------------- -----
3. Forecast of consolidated financial results for the year
ending March 31, 2024 ( from April 1, 2023 to March 31, 2024)
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,
2023 27,100 (8.7) 9,100 (14.3) - - - - -
Full year 61,500 4.6 21,000 4.3 - - - - -
-------- ----- ---------- ------ ------------ --- ---------------- --- ----------
4. Notes
(1) Changes in significant subsidiaries during the three No
months ended June 30, 2023
(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, 2023 12,372,000 shares As of March 31, 2023 12,372,000 shares
--------------------- ---------- --------------------- ----------
Number of treasury shares at the end of the period
As of June 30, 2023 34,775 shares As of March 31, 2023 34,649 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, 2023 12,337,328 shares 30, 2022 12,337,461 shares
------------------------- ---------- ------------------------ ----------
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen)
--------------------------------------------------- --------------- -----------------
As of March 31, As of June 30,
2023 2023
--------------------------------------------------- --------------- -----------------
Assets
Current assets
Cash and deposits 49,795 49,224
Notes receivable - trade 343 309
Accounts receivable - trade 10,701 10,260
Electronically recorded monetary
claims - operating 1,820 1,608
Merchandise and finished goods 2,267 2,452
Work in process 2,905 3,014
Raw materials and supplies 3,767 4,259
Other 3,043 1,275
Allowance for doubtful accounts (9) (9)
Total current assets 74,634 72,395
--------------- -----------------
Non-current assets
Property, plant and equipment
Buildings and structures, net 14,075 14,612
Machinery, equipment and vehicles,
net 7,446 7,848
Land 4,872 4,890
Construction in progress 3,920 5,660
Other, net 731 748
Total property, plant and equipment 31,046 33,759
--------------- -----------------
Intangible assets
Other 284 303
Total intangible assets 284 303
--------------- -----------------
Investments and other assets 2,066 1,805
Total non-current assets 33,397 35,868
--------------- -----------------
Total assets 108,031 108,264
--------------- -----------------
(Millions of yen)
------------------------------------------------------ --------------- -----------------
As of March 31, As of June 30,
2023 2023
------------------------------------------------------ --------------- -----------------
Liabilities
Current liabilities
Notes and accounts payable - trade 2,975 3,114
Electronically recorded obligations
- operating 1,542 1,603
Current portion of long-term borrowings 333 266
Income taxes payable 2,684 888
Provision for bonuses 914 472
Provision for bonuses for directors
(and other officers) 124 3
Other 4,334 4,024
Total current liabilities 12,910 10,373
--------------- -----------------
Non-current liabilities
Long-term borrowings 400 400
Deferred tax liabilities 141 145
Other 364 364
Total non-current liabilities 905 909
--------------- -----------------
Total liabilities 13,816 11,283
--------------- -----------------
Net assets
Shareholders' equity
Share capital 8,646 8,646
Capital surplus 12,018 12,018
Retained earnings 73,381 75,735
Treasury shares (209) (211)
Total shareholders' equity 93,838 96,188
--------------- -----------------
Accumulated other comprehensive income
Valuation difference on available-for-sale
securities 125 186
Foreign currency translation adjustment 251 604
Total accumulated other comprehensive
income 377 791
--------------- -----------------
Total net assets 94,215 96,980
--------------- -----------------
Total liabilities and net assets 108,031 108,264
--------------- -----------------
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, 2022 June 30, 2023
------------------------------------------------- ------------------ ------------------
Net sales 13,954 12,722
Cost of sales 6,742 6,533
Gross profit 7,212 6,188
------------------ ------------------
Selling, general and administrative
expenses 2,462 2,658
Operating profit 4,749 3,530
------------------ ------------------
Non-operating income
Interest income 13 33
Rental income 25 30
Foreign exchange gains 960 525
Other 14 53
Total non-operating income 1,013 642
------------------ ------------------
Non-operating expenses
Interest expenses 1 0
Rent expenses on real estate for
investments 12 11
Other 8 14
Total non-operating expenses 22 26
------------------ ------------------
Ordinary profit 5,740 4,145
------------------ ------------------
Extraordinary income
Gain on sale of non-current assets 0 -
Gain on liquidation of subsidiaries 3 -
Total extraordinary income 3 -
------------------ ------------------
Extraordinary losses
Loss on sale and retirement of non-current
assets 1 127
Loss on sale of investment securities - 2
------------------ ------------------
Total extraordinary losses 1 129
------------------ ------------------
Profit before income taxes 5,743 4,015
------------------ ------------------
Income taxes - current 1,262 877
Income taxes - deferred 391 291
Total income taxes 1,654 1,169
------------------ ------------------
Profit 4,088 2,846
------------------ ------------------
Profit attributable to owners of
parent 4,088 2,846
------------------ ------------------
Consolidated statements of comprehensive income (cumulative)
(Millions of yen)
------------------------------------------------- ------------------ ------------------
Three months ended Three months ended
June 30, 2022 June 30, 2023
------------------------------------------------- ------------------ ------------------
Profit 4,088 2,846
Other comprehensive income
Valuation difference on available-for-sale
securities (5) 61
Foreign currency translation adjustment 703 352
Total other comprehensive income 697 414
------------------ ------------------
Comprehensive income 4,786 3,260
------------------ ------------------
Comprehensive income attributable
to
Comprehensive income attributable
to owners of parent 4,786 3,260
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END
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