(Consolidated financial results have been prepared in accordance with accounting principles generally accepted in Japan)
May 12, 2017
Company name:
HANWA Co.,Ltd.Listed stock exchange: Tokyo
Stock exchange code:
Representative:
8078
Hironari Furukawa President
Enquiries:
Yoichi Nakagawa Director, Senior Managing Executive Officer
TEL 81 - 3 - 3544 - 2000
The date of Shareholders' Meeting: June 29, 2017 The date of payout of dividend: June 30, 2017 The date of issue of audited financial statements: June 30, 2017
1.Consolidated financial results for the fiscal year ended March 31, 2017
(Rounded down to millions of yen)
Consolidated operating results (% of change from previous year)
Net sales
Operating income
Ordinary income
Net income attributable to owners of the parent
Year ended March 31, 2017
(Millions of yen)
(%)
(Millions of yen)
(%)
(Millions of yen)
(%)
(Millions of yen)
(%)
1,514,037
0.1
23,426
28.9
22,907
48.5
16,363
(35.8)
Year ended March 31, 2016
1,511,800
(13.0)
18,178
(4.9)
15,424
8.1
25,469
180.3
Note: Comprehensive income Year ended March 31, 2017
Year ended March 31, 2016
20,991 million yen
16,778 million yen
25.1%
-13.7%
Net income
per share
Net income
per share(diluted)
Ratio of net income to
shareholders' equity
Ratio of ordinary
income to total assets
Ratio of operating
income to net sales
Year ended March 31, 2017
Year ended March 31, 2016
(yen)
80.18
122.92
(yen)
-
-
10.1
17.2
(%)
3.5
2.5
(%)
1.5
1.2
(%)
Note: Equity in earnings of unconsolidated subsidiaries and affiliates Year ended March 31, 2017
Year ended March 31, 2016
(88) million yen
(1,304) million yen
Consolidated financial position
Total assets
Net assets
Shareholders' equity ratio
Shareholders' equity per share
March March
31,
31,
2017
2016
(Millions of yen)
694,232
599,694
(Millions of yen)
171,637
156,139
24.5
25.8
(%)
(yen)
838.70
747.40
Note: Shareholders' equity As of March 31, 2017
As of March 31, 2016
170,422 million yen
154,866 million yen
Consolidated cash flows situation
Cash flows from Operating activities | Cash flows from Investing activities | Cash flows from Financing activities | Cash and cash equivalents at end of year | |
Year ended March 31, 2017 Year ended March 31, 2016 | (Millions of yen) 3,959 53,098 | (Millions of yen) (18,427) (10,446) | (Millions of yen) 15,447 (41,751) | (Millions of yen) 27,206 25,804 |
2.Cash dividends
Cash dividends per share | Total amount of dividend (Annual) | Dividend payout ratio (Consolidated) | Dividend on shareholders' equity (Consolidated) | |||||
(effective date) | First quarter | Second quarter | Third quarter | Year-end | Annual | |||
Year ended March 31, 2016 Year ended March 31, 2017 | (yen) ― ― | (yen) 8.00 9.00 | (yen) ― ― | (yen) 10.00 10.00 | (yen) 18.00 19.00 | (Millions of yen) 3,729 3,860 | (%) 14.6 23.7 | (%) 2.5 2.4 |
Year ending March 31, 2018 (estimated) | ― | 10.00 | ― | 10.00 | 20.00 | 25.5 |
Net sales | Operating income | Ordinary income | Net income attributable to owners of the parent | Net income per share | |
Annual | (Millions of yen) (%) 1,700,000 12.3 | (Millions of yen) (%) 25,500 8.9 | (Millions of yen) (%) 24,000 4.8 | (Millions of yen) (%) 16,000 (2.2) | (yen) 78.40 |
3.Forecast of consolidated financial results for fiscal year ending March 31, 2018 (% of change from previousyear)
* The above forecasts reflect assumptions and prospects based on the information currently available.They are subject to a number of risks and uncertainties that could cause actual results to differ materially from this information.
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HANWA co.,ltd.
Financial Results for the Fiscal Year ended March 31, 2017 | |||
《Consolidated Balance Sheets》 | (Rounded down to millions of yen) | ||
Millions of yen | |||
March 31, 2016 | March 31, 2017 | ||
Assets | |||
Current assets; | |||
Cash and deposits | 27,115 | 28,465 | |
Trade notes and accounts receivable | 260,151 | 307,853 | |
Electronically recorded monetary claims | 16,141 | 30,742 | |
Securities | ― | 486 | |
Inventories | 106,050 | 111,039 | |
Deferred tax asset | 2,085 | 1,919 | |
Others | 39,996 | 57,599 | |
Allowance for doubtful receivables | (287) | (334) | |
Total current assets | 451,253 | 537,773 | |
Fixed assets; | |||
Property and equipment; | |||
Buildings and structures | 20,319 | 18,596 | |
Land | 30,144 | 29,640 | |
Others | 11,098 | 11,255 | |
Total property and equipment | 61,563 | 59,492 | |
Intangible assets | 1,955 | 2,034 | |
Investments and other assets; | |||
Investment securities | 58,671 | 72,524 | |
Long-term loans receivable | 12,383 | 10,842 | |
Deferred tax asset | 244 | 283 | |
Others | 14,107 | 11,787 | |
Allowance for doubtful receivables | (485) | (504) | |
Total investments and other assets | 84,921 | 94,932 | |
Total fixed assets | 148,440 | 156,458 | |
Total assets | 599,694 | 694,232 | |
Liabilities; | |||
Current liabilities; | |||
Trade notes and accounts payable | 149,857 | 191,989 | |
Short-term loans payable | 66,734 | 107,262 | |
Commercial paper | ― | 5,000 | |
Current portion of bonds payable | 10,039 | 21 | |
Income taxes payable | 326 | 6,752 | |
Accrued bonuses | 2,192 | 2,306 | |
Provision for product warranties | ― | 146 | |
Provision for loss on business of subsidiaries and affiliates | 512 | 512 | |
Others | 39,742 | 45,068 | |
Total current liabilities | 269,405 | 359,058 | |
Long-term liabilities; | |||
Bonds payable | 30,097 | 40,076 | |
Long-term loans payable | 129,420 | 106,232 | |
Deferred tax liabilities | 3,359 | 5,366 | |
Deferred tax liabilities by land revaluation | 1,634 | 1,634 | |
Retirement benefits liabilities | 4,075 | 4,518 | |
Others | 5,561 | 5,709 | |
Total long-term liabilities | 174,149 | 163,536 | |
Total liabilities | 443,555 | 522,595 | |
Net assets; | |||
Shareholders' equity; | |||
Common stock | 45,651 | 45,651 | |
Capital surplus | 4 | ― | |
Retained earnings | 104,600 | 117,778 | |
Treasury stock | (1,449) | (3,720) | |
Total shareholders' equity | 148,807 | 159,709 | |
Accumulated other comprehensive income | |||
Net unrealized holding gains on securities | 8,024 | 12,580 | |
Deferred hedge profit and loss | (376) | 142 | |
Land revaluation difference | 2,966 | 2,966 | |
Foreign currency translation adjustments | 1,842 | 1,062 | |
Remeasurements of defined benefit plans | (6,397) | (6,037) | |
Total accumulated other comprehensive income | 6,059 | 10,713 | |
Minority interests | 1,272 | 1,214 | |
Total net assets | 156,139 | 171,637 | |
Total liabilities and net assets | 599,694 | 694,232 |
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HANWA co.,ltd.
Financial Results for the Fiscal Year ended March 31, 2017 | ||
《Consolidated Statements of Income and Comprehensive Income》 | ||
(Rounded down to millions of yen) | ||
Millions of yen | ||
Year ended March 31, 2016 | Year ended March 31, 2017 | |
Net sales | 1,511,800 | 1,514,037 |
Cost of sales | 1,455,240 | 1,449,522 |
Gross profit | 56,559 | 64,514 |
Selling, general and administrative expenses | 38,381 | 41,088 |
Operating income | 18,178 | 23,426 |
Other income; | ||
Interest income | 1,038 | 1,238 |
Dividend income | 1,041 | 1,446 |
Others | 1,693 | 1,207 |
Total other income | 3,773 | 3,891 |
Other expenses; | ||
Interest expenses | 2,684 | 2,553 |
Loss on investment in affiliates | 1,304 | 88 |
Foreign exchange loss | 1,039 | 284 |
Guarantee commission | 713 | 734 |
Others | 785 | 750 |
Total other expenses | 6,526 | 4,411 |
Ordinary income | 15,424 | 22,907 |
Extraordinary income; | ||
Gain on sales of long-lived assets | 13,074 | 876 |
Amortization of consolidation negative goodwill | 1,101 | ― |
Gain on sales of investment securities | 742 | 674 |
Total extraordinary income | 14,918 | 1,551 |
Extraordinary loss; | ||
Loss on sale of property and equipment | 261 | 227 |
Loss on devaluation of investments securities | 2,384 | 814 |
Loss on devaluation of investment in capital | 888 | ― |
Business loss of affiliates | ― | 253 |
Loss on revision of retirement benefit plan | 64 | ― |
Total extraordinary loss | 3,599 | 1,295 |
Income before income taxes | 26,743 | 23,163 |
Income, inhabitant & business tax - current | 1,120 | 7,354 |
Income tax expense-deferred | 144 | (625) |
Total income taxes | 1,264 | 6,728 |
Net income | 25,479 | 16,434 |
Net income attributable to | ||
Net income attributable to owners of the parent | 25,469 | 16,363 |
Net income(loss) attributable to minority interests | 9 | 71 |
Other Comprehensive Income | ||
Net unrealized holding gains on securities | (3,597) | 4,555 |
Deferred hedge profit and loss | (1,902) | 518 |
Land revaluation difference | 102 | ― |
Foreign currency translation adjustments | (675) | (723) |
Remeasurements of defined benefit plans | (2,737) | 360 |
Share of other comprehensive income of associates accounted for using equity method | 109 | (154) |
Total other comprehensive Income | (8,700) | 4,557 |
Comprehensive Income | 16,778 | 20,991 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of the parent | 16,821 | 21,017 |
Comprehensive income attributable to minority interests | (42) | (26) |
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HANWA co.,ltd.
Financial Results for the Fiscal Year ended March 31, 2017《Consolidated Statements of Changes in Net Assets》 (Rounded down to millions of yen)
Millions of yen
Shareholders' e | quity | Accumulated other comprehensive income | Minority interests | Total net assets | |||||||||
Common stock | Capital Retained surplus earnings | Treasury stock | Total sharehol ders' equity | Net unrealized holding gains on securities | Deferred hedge Landprofit andrevaluation lossdifference | Foreign Remeasurem currency ents of translation defined adjustments benefit plans | Total valuation and translation adjustments | ||||||
Balance at March 31, 2015 | 45,651 | 4 | 82,110 | (1,445) 126,320 | 11,621 | 1,526 | 3,250 | 2,356 | (3,660) | 15,094 | 1,334 | 142,749 | |
Increase (decrease) during the term: | (3,211) | (3,211) | (3,596) | (1,902) | (284) | (513) | (2,737) | (9,035) | (62) | (3,211) | |||
Cash dividends paid | |||||||||||||
Change of scope of consolidated subsidiaries | 277 | 277 | 277 | ||||||||||
Change of scope of equity method | (432) | (432) | (432) | ||||||||||
Reversal of land revaluation difference | 386 | 386 | 386 | ||||||||||
Net income attributable to owners of the parent | 25,469 | 25,469 | 25,469 | ||||||||||
Purchase of treasury stocks | (3) | (3) | (3) | ||||||||||
Capital increase from purchase of stock of consolidated subsidiaries | - | - | - | - | |||||||||
Capital increase from sales of stock of consolidated subsidiaries | - | - | - | ||||||||||
Others | - | - | - | ||||||||||
Net increase (decrease) during | |||||||||||||
the term, except for items under | (9,097) | ||||||||||||
shareholders' equity | |||||||||||||
Total increase (decrease) | - | - | 22,490 | (3) | 22,486 | (3,596) | (1,902) | (284) | (513) | (2,737) | (9,035) | (62) | 13,389 |
Balance at March 31, 2016 | 45,651 | 4 | 104,600 | (1,449) 148,807 | 8,024 | (376) | 2,966 | 1,842 | (6,397) | 6,059 | 1,272 | 156,139 |
Millions of yen
Shareholders' equity | Accumulated other comprehensive income | Minority interests | Total net assets | ||||||||
Common stock | Capital Retained surplus earnings | Total Treasury sharehol stock ders' equity | Net unrealized holding gains on securities | Deferred hedge Landprofit andrevaluation lossdifference | Foreign Remeasurem currency ents of translation defined adjustments benefit plans | Total valuation and translation adjustments | |||||
Balance at March 31, 2016 | 45,651 | 4 104,600 | (1,449) 148,807 | 8,024 | (376) | 2,966 | 1,842 | (6,397) | 6,059 | 1,272 | 156,139 |
Increase (decrease) during the term: | (3,900) | (3,900) | 4,555 | 518 | - | (780) | 360 | 4,654 | (58) | (3,900) | |
Cash dividends paid | |||||||||||
Change of scope of consolidated subsidiaries | 219 | 219 | 219 | ||||||||
Change of scope of equity method | 700 | 700 | 700 | ||||||||
Reversal of land revaluation difference | - | - | - | ||||||||
Net income attributable to owners of the parent | 16,363 | 16,363 | 16,363 | ||||||||
Purchase of treasury stocks | (2,270) (2,270) | (2,270) | |||||||||
Capital increase from purchase of stock of consolidated subsidiaries | (4) (200) | (205) | (205) | ||||||||
Capital increase from sales of stock of consolidated subsidiaries | (0) | (0) | (0) | ||||||||
Others | (4) | (4) | (4) | ||||||||
Net increase (decrease) during | |||||||||||
the term, except for items under | 4,596 | ||||||||||
shareholders' equity | |||||||||||
Total increase (decrease) | - | (4) 13,177 | (2,270) 10,902 | 4,555 | 518 | - | (780) | 360 | 4,654 | (58) | 15,498 |
Balance at March 31, 2017 | 45,651 | - 117,778 | (3,720) 159,709 | 12,580 | 142 | 2,966 | 1,062 | (6,037) | 10,713 | 1,214 | 171,637 |
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Hanwa Co. Ltd. published this content on 12 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 May 2017 05:13:17 UTC.
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