CTS CO., LTD. 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, 2020 (Based on Japanese GAAP)
July 31, 2020 | ||||
Company name: | CTS Co., Ltd. | |||
Stock exchange listing: | Tokyo | |||
Stock code: | 4345 | URL http://www.cts-h.co.jp | ||
Representative: | Representative Director and President | Taizo Yokoshima | ||
Inquiries: | Operating Officer Accounting & Finance | Makio Kitahara | TEL 0268-26-3700 | |
Manager | ||||
Scheduled date to file Quarterly Securities Report: | August 12, 2020 | |||
Scheduled date to commence dividend payments: | - | |||
Preparation of supplementary material on quarterly financial results: | Yes | |||
Holding of quarterly financial results meeting: | No |
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2020 (from April 1, 2020 to June 30, 2020)
(1) Consolidated operating results (cumulative) | Percentages indicate year-on-year changes | ||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||||||
owners of parent | |||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||||
Three months ended June 30, 2020 | 2,260 | 5.6 | 438 | 18.9 | 413 | 13.9 | 275 | 12.4 | |||||||||
Three months ended June 30, 2019 | 2,139 | 8.8 | 368 | 18.8 | 362 | 20.4 | 245 | 20.4 | |||||||||
Earnings per share | Diluted earnings per share | ||||||||||||||||
Yen | Yen | ||||||||||||||||
Three months ended June 30, 2020 | 6.47 | - | |||||||||||||||
Three months ended June 30, 2019 | 5.75 | - | |||||||||||||||
(2) Consolidated financial position | |||||||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||||||
Millions of yen | Millions of yen | % | |||||||||||||||
As of June 30, 2020 | 11,629 | 7,858 | 67.6 | ||||||||||||||
As of March 31, 2020 | 11,720 | 7,842 | 66.9 | ||||||||||||||
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, 2020 | - | 6.00 | - | 6.20 | 12.20 | ||||||||||||
Year ending March 31, 2021 | - | ||||||||||||||||
Year ending March 31, 2021 (Forecast) | 6.00 | - | 6.70 | 12.70 |
3. Forecast of consolidated financial results for the year ending March 31, 2021 (from April 1, 2020 to March 31, 2021)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | |||||||
owners of parent | |||||||||||
Six months ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||
4,500 | 0.5 | 820 | 0.5 | 760 | (5.3) | 530 | (3.9) | 12.42 | |||
September 30, 2020 | |||||||||||
Full year | 9,600 | 4.7 | 1,920 | 3.6 | 1,790 | (1.6) | 1,230 | (1.4) | 28.82 |
1
4. Notes
- Changes in significant subsidiaries during the three months ended June 30, 2020 (changes in specified subsidiaries resulting in the change in scope of consolidation):
- Application of special accounting methods for preparing quarterly consolidated financial statements:
No
No
(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements | |
Changes in accounting policies due to revisions to accounting standards and other regulations: | No |
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, 2020 | 43,400,000 | shares | As of March 31, 2020 | 43,400,000 | shares | |
Number of treasury shares at the end of the period | ||||||
As of June 30, 2020 | 720,845 | shares | As of March 31, 2020 | 720,845 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Three months ended June 30, 2020 | 42,679,155 | shares | Three months ended June 30, 2019 | 42,679,155 | shares |
2
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of March 31, 2020 | As of June 30, 2020 | ||
Assets | |||
Current assets | |||
Cash and deposits | 5,536 | 5,374 | |
Notes and accounts receivable - trade | 1,630 | 1,550 | |
Inventories | 427 | 498 | |
Other | 233 | 327 | |
Allowance for doubtful accounts | (6) | (5) | |
Total current assets | 7,822 | 7,745 | |
Non-current assets | |||
Property, plant and equipment | |||
Leased assets, net | 1,883 | 1,870 | |
Other, net | 1,486 | 1,480 | |
Total property, plant and equipment | 3,370 | 3,350 | |
Intangible assets | 52 | 67 | |
Investments and other assets | |||
Other | 476 | 466 | |
Allowance for doubtful accounts | (1) | (1) | |
Total investments and other assets | 475 | 465 | |
Total non-current assets | 3,898 | 3,883 | |
Total assets | 11,720 | 11,629 | |
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 464 | 510 | |
Income taxes payable | 361 | 62 | |
Other | 1,660 | 1,775 | |
Total current liabilities | 2,487 | 2,348 | |
Non-current liabilities | |||
Lease obligations | 1,216 | 1,231 | |
Other | 173 | 190 | |
Total non-current liabilities | 1,390 | 1,422 | |
Total liabilities | 3,878 | 3,770 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 425 | 425 | |
Capital surplus | 2,399 | 2,399 | |
Retained earnings | 5,457 | 5,468 | |
Treasury shares | (460) | (460) | |
Total shareholders' equity | 7,821 | 7,833 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 20 | 25 | |
Total accumulated other comprehensive income | 20 | 25 | |
Total net assets | 7,842 | 7,858 | |
Total liabilities and net assets | 11,720 | 11,629 |
3
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, 2019 | June 30, 2020 | ||
Net sales | 2,139 | 2,260 | |
Cost of sales | 1,214 | 1,243 | |
Gross profit | 925 | 1,016 | |
Selling, general and administrative expenses | 556 | 578 | |
Operating profit | 368 | 438 | |
Non-operating income | |||
Dividend income | 1 | 0 | |
Rental income from land and buildings | 0 | 0 | |
Other | 1 | 0 | |
Total non-operating income | 2 | 2 | |
Non-operating expenses | |||
Interest expenses | 8 | 9 | |
Share of loss of entities accounted for using equity method | - | 17 | |
Total non-operating expenses | 8 | 27 | |
Ordinary profit | 362 | 413 | |
Profit before income taxes | 362 | 413 | |
Income taxes - current | 108 | 126 | |
Income taxes - deferred | 8 | 10 | |
Total income taxes | 117 | 137 | |
Profit | 245 | 275 | |
Profit attributable to owners of parent | 245 | 275 |
4
Consolidated statements of comprehensive income (cumulative)
(Millions of yen) | ||
Three months ended | Three months ended | |
June 30, 2019 | June 30, 2020 | |
Profit | 245 | 275 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 2 | 4 |
Total other comprehensive income | 2 | 4 |
Comprehensive income | 248 | 280 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 248 | 280 |
Comprehensive income attributable to non-controlling | - | - |
interests | ||
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CTS Co. Ltd. published this content on 03 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2020 06:32:08 UTC
