BUNKA SHUTTER CO., LTD. Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Consolidated Financial Results | |
for the First Nine Months of the Fiscal Year | |
Ending March 31, 2022 | |
(Under Japanese GAAP) | |
February 4, 2022 | |
Company name: | Bunka Shutter Co., Ltd. |
Listing: | Tokyo Stock Exchange |
Securities code: | 5930 |
URL: | https://www.bunka-s.co.jp/ |
Representative: | Hiroyuki Ogura, Representative Director and President |
Inquiries: | Koichi Nishimura, Operating Officer and Manager of Accounting Department |
TEL: | +81-3-5844-7200 |
Scheduled date to file quarterly securities report: | February 4, 2022 |
Scheduled date to commence dividend payments: | - |
Preparation of supplementary material on quarterly financial results: None | |
Holding of quarterly financial results briefing: | None |
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated financial results for the first nine months of the fiscal year ending March 31, 2022 (from April 1, 2021 to December 31, 2021)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-on-year changes.) | ||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||
owners of parent | |||||||||||
Nine months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||
December 31, 2021 | 128,405 | - | 5,244 | (13.9) | 5,268 | (18.8) | 3,311 | (14.8) | |||
December 31, 2020 | 121,589 | (4.2) | 6,091 | 15.3 | 6,488 | 25.6 | 3,884 | 27.2 | |||
Note: Comprehensive income | For the nine months ended December 31, 2021:¥3,458 million [(13.6)%] | ||||||||||
For the nine months ended December 31, 2020:¥4,003 million [43.0%] | |||||||||||
Basic earnings | Diluted earnings | ||||||||||
per share | per share | ||||||||||
Nine months ended | Yen | Yen | |||||||||
December 31, 2021 | 48.10 | 42.03 | |||||||||
December 31, 2020 | 54.19 | 47.71 |
Note: The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. have been applied from the beginning of the first quarter of the fiscal year ending March 31, 2022, and the figures for the first nine months of the fiscal year ending March 31, 2022 are the figures after the application of the said accounting standard, etc. However, since the figures for the first nine months of the fiscal year ended March 31, 2021 have not been applied retrospectively, the ratio of change in net sales for the first nine months of the fiscal year ending March 31, 2022 to the same period of the previous year is not stated.
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(2) Consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | ||
As of | Millions of yen | Millions of yen | % | |
December 31, 2021 | 165,019 | 79,597 | 48.1 | |
March 31, 2021 | 168,350 | 84,482 | 50.1 | |
Reference: Equity | ||||
As of December 31, 2021: ¥79,442 million | ||||
As of March 31, 2021: | ¥84,303 million |
Note: The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. have been applied from the beginning of the first quarter of the fiscal year ending March 31, 2022, and the figures for the first nine months of the fiscal year ending March 31, 2022 are the figures after the application of the said accounting standard, etc.
2. Cash dividends
Annual dividends | |||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | |
Yen | Yen | Yen | Yen | Yen | |
Fiscal year ended | - | 12.50 | - | 27.50 | 40.00 |
March 31, 2021 | |||||
Fiscal year ending | - | 20.00 | - | ||
March 31, 2022 | |||||
Fiscal year ending | 20.00 | 40.00 | |||
March 31, 2022 (Forecast) | |||||
Note: Revisions to the cash dividends forecasts most recently announced: None |
3. Consolidated earnings forecasts for the fiscal 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 to | Basic | ||||||
earnings per | ||||||||||
owners of parent | ||||||||||
share | ||||||||||
Millions of | % | Millions of | % | Millions of | % | Millions of | % | Yen | ||
yen | yen | yen | yen | |||||||
Fiscal year ending | 181,500 | - | 10,300 | (2.0) | 11,000 | (7.6) | 7,600 | (9.5) | 113.14 | |
March 31, 2022 | ||||||||||
Note: Revisions to the earnings forecasts most recently announced: None |
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* Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
- Application of special accounting treatment for preparing quarterly consolidated financial statements: Yes
- Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
- Changes in accounting policies due to other reasons: None
- Changes in accounting estimates: None
- Restatement: None
- 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 | 72,196,487 shares |
As of March 31, 2021 | 72,196,487 shares |
(ii) Number of treasury shares at the end of the period
As of December 31, 2021 | 5,021,929 | shares |
As of March 31, 2021 | 503,470 | shares |
(iii) Average number of shares outstanding during the period
Nine months ended December 31, 2021 | 68,842,570 shares |
Nine months ended December 31, 2020 | 71,693,092 shares |
- Quarterly financial results reports are exempt from quarterly reviews conducted by certified public accountants or an audit corporation.
-
Proper use of earnings forecasts, and other special matters (Caution regarding forward-looking statements and others)
The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to Bunka Shutter Co., Ltd. (the "Company") and on certain assumptions deemed to be reasonable. Consequently, any statements herein do not constitute assurances regarding actual results by the Company. Actual business and other results may differ substantially due to various factors.
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Quarterly consolidated financial statements
(1) Quarterly consolidated balance sheet
(Millions of yen) | |||
As of March 31, 2021 | As of December 31, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 37,179 | 32,973 | |
Notes and accounts receivable - trade | 39,804 | - | |
Notes and accounts receivable - trade, and contract | - | 39,104 | |
assets | |||
Merchandise and finished goods | 11,954 | 12,096 | |
Work in process | 1,001 | 1,290 | |
Raw materials and supplies | 4,317 | 5,617 | |
Other | 3,285 | 4,341 | |
Allowance for doubtful accounts | (99) | (114) | |
Total current assets | 97,443 | 95,310 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 11,134 | 10,862 | |
Land | 12,630 | 12,949 | |
Other, net | 9,447 | 9,683 | |
Total property, plant and equipment | 33,212 | 33,495 | |
Intangible assets | |||
Goodwill | 4,211 | 3,947 | |
Other | 5,022 | 4,658 | |
Total intangible assets | 9,234 | 8,605 | |
Investments and other assets | |||
Investment securities | 18,658 | 17,810 | |
Retirement benefit asset | 1,672 | 1,699 | |
Other | 8,429 | 8,363 | |
Allowance for doubtful accounts | (300) | (265) | |
Total investments and other assets | 28,460 | 27,608 | |
Total non-current assets | 70,907 | 69,709 | |
Total assets | 168,350 | 165,019 |
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(Millions of yen) | |||
As of March 31, 2021 | As of December 31, 2021 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 28,228 | 31,915 | |
Short-term borrowings | 1,727 | 2,642 | |
Income taxes payable | 2,355 | 526 | |
Provision for bonuses | 3,666 | 1,833 | |
Provision for bonuses for directors (and other | 179 | 134 | |
officers) | |||
Provision for loss on construction contracts | 69 | 209 | |
Other | 13,617 | 13,914 | |
Total current liabilities | 49,844 | 51,176 | |
Non-current liabilities | |||
Convertible-bond-type bonds with share acquisition | 10,000 | 10,000 | |
rights | |||
Long-term borrowings | 21 | 2 | |
Provision for retirement benefits for directors (and | 366 | 262 | |
other officers) | |||
Retirement benefit liability | 19,102 | 19,266 | |
Asset retirement obligations | 50 | 51 | |
Other | 4,481 | 4,663 | |
Total non-current liabilities | 34,023 | 34,245 | |
Total liabilities | 83,868 | 85,422 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 15,051 | 15,051 | |
Capital surplus | 12,304 | 12,323 | |
Retained earnings | 54,171 | 54,159 | |
Treasury shares | (157) | (5,157) | |
Total shareholders' equity | 81,370 | 76,377 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 3,960 | 3,603 | |
Revaluation reserve for land | (76) | (76) | |
Foreign currency translation adjustment | (995) | (505) | |
Remeasurements of defined benefit plans | 45 | 43 | |
Total accumulated other comprehensive income | 2,933 | 3,065 | |
Non-controlling interests | 178 | 154 | |
Total net assets | 84,482 | 79,597 | |
Total liabilities and net assets | 168,350 | 165,019 |
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Bunka Shutter Co. Ltd. published this content on 04 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2022 05:15:30 UTC.
