GSI CREOS CORPORATION *This document is a translation of the original Japanese document and does not contain all details of it.
*This document has been prepared for reference only in accordance with accounting principles generally accepted in Japan. *If there is any discrepancy between this document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Statements
for the Fiscal Year Ended March 31, 2021 | |||
[Japan GAAP] | |||
May 14, 2021 | |||
Company Name: GSI Creos Corporation | Stock Exchange Listing: Tokyo (First Section) | ||
Code Number: | 8101 | URL https://www.gsi.co.jp | |
Representative: | Tadaaki Yoshinaga Representative Director, President and CEO | ||
Inquiries: | Kunihiro Ono | Executive Officer, General Manager of Corporate Planning Department Tel: +81-3-5211-1802 | |
Scheduled Date of Ordinary General Meeting of Shareholders: | June 25, 2021 | ||
Scheduled Date of Dividend Payments Commencement: | June 28, 2021 | ||
Scheduled Date of Securities Report Filing: | June 25, 2021 | ||
Supplementary Documents: | Yes | ||
Holding of Financial Results Meeting: | Yes |
(Note: Amounts less than one million of yen have been rounded down.)
1. Consolidated Results for the Fiscal Year Ended March 31, 2021 (April 1, 2020 to March 31, 2021)
(1) Consolidated Operating Results | (Percentage figures represent changes from the same period of the previous year.) | |||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||||||||
owners of parent | ||||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||||||||
Fiscal year ended March 31, 2021 | 116,375 | 0.7 | 3,632 | 204.8 | 3,700 | 205.0 | 2,026 | 100.8 | ||||||||||
Fiscal year ended March 31, 2020 | 115,548 | (16.6) | 1,191 | (29.2) | 1,213 | (26.9) | 1,008 | (12.4) | ||||||||||
(Note) Comprehensive income | Fiscal | year ended March 31, 2021 | : 4,321 millions of yen | 727.7 % | ||||||||||||||
Fiscal year ended March 31, 2020 | : | 522 millions of yen | 14.5 % | |||||||||||||||
Net income | Diluted net income | Ratio of | Ratio of | |||||||||||||||
Return on equity | ordinary profit | operating profit | ||||||||||||||||
per share | per share | |||||||||||||||||
to total assets | to net sales | |||||||||||||||||
Yen | Yen | % | % | % | ||||||||||||||
Fiscal year ended March 31, 2021 | 161.65 | ― | 9.5 | 6.2 | 3.1 | |||||||||||||
Fiscal year ended March 31, 2020 | 79.92 | ― | 5.3 | 2.0 | 1.0 | |||||||||||||
(Reference) Equity in earnings of affiliates | Fiscal year ended March 31, 2021 | : (14) millions of yen | ||||||||||||||||
Fiscal year ended March 31, 2020 | : (12) millions of yen |
- GSI Creos Corporation has conducted a two-for-one stock split for its common stock effectively on April 1, 2021. Net income per share has been calculated as if the stock split of shares was conducted at the beginning of the previous fiscal year.
- Consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | ||||||
Millions of yen | Millions of yen | % | Yen | ||||||
March 31, 2021 | 60,465 | 23,239 | 38.4 | 1,852.19 | |||||
March 31, 2020 | 58,532 | 19,193 | 32.8 | 1,532.87 | |||||
(Reference) Equity capital | March 31, 2021 | : | 23,239 | millions of yen | |||||
March 31, 2020 | : | 19,193 | millions of yen |
- GSI Creos Corporation has conducted a two-for-one stock split for its common stock effectively on April 1, 2021. Net assets per share has been calculated as if the stock split of shares was conducted at the beginning of the previous fiscal year.
- Consolidated Cash Flows
Cash flows from | Cash flows from | Cash flows from | Cash and cash | |
equivalents | ||||
operating activities | investing activities | financing activities | ||
at the end of period | ||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | |
Fiscal year ended March 31, 2021 | 5,379 | (115) | (2,438) | 14,594 |
Fiscal year ended March 31, 2020 | 913 | (828) | (577) | 11,899 |
2. Dividends
Annual dividend per share | Total | Payout | Dividend rate to | |||||
1Q | 2Q | 3Q | Fiscal | Annual | cash | ratio | net assets | |
year end | dividends | (Consolidated) | (Consolidated) | |||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |
Fiscal year ended March 31, 2020 | - | 0.00 | - | 45.00 | 45.00 | 281 | 28.2 | 1.5 |
Fiscal year ended March 31, 2021 | - | 0.00 | - | 60.00 | 60.00 | 376 | 18.6 | 1.8 |
Fiscal year ending | - | 0.00 | - | 35.00 | 35.00 | 29.3 | ||
March 31, 2022 (Forecast) | ||||||||
- GSI Creos Corporation has conducted a two-for-one stock split for its common stock effectively on April 1, 2021. Dividends per share for the fiscal year ended March 31, 2020 and for the fiscal year ended March 31, 2021 are the actual amount before the stock split of shares. But the dividend per share for the fiscal year ending March 31, 2022 (forecast) is the amount after the stock split.
*Details of the fiscal year end dividend of the fiscal year ending March 31, 2022 (forecast)
Ordinary dividend : 30.00 Yen | Commemorative Dividend for 90th Anniversary of GSI Creos Corporation : 5.00 Yen |
3. Forecast of Consolidated Results for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)
(Percentage figures represent changes from the same period of the previous year.)
Profit attributable | Net income | |||||||||||
Net sales | Operating profit | Ordinary profit | to owners | |||||||||
per share | ||||||||||||
of parent | ||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||||
Full fiscal year | 116,000 | - | 2,000 | (44.9) | 2,000 | (46.0) | 1,500 | (26.0) | 119.55 |
- "Accounting Standard for Revenue Recognition"（ASBJ Statement No.29）has been adopted from the beginning of the fiscal year ending March 31, 2022. The new accounting standard is applied to the earnings forecast above and the ratio of the net sales changes from the same period of the previous year is not indicated.
－ 1 ー
* Notes
(1) | Changes in Significant Subsidiaries During the Period | |
(Changes in Specified Subsidiaries Associated with Changes in the Scope of Consolidation) | : No | |
(2) | Changes in Accounting Policies and Estimates, and Retrospective Restatement | |
ⅰ Changes in accounting policies due to revisions of accounting standards and other regulations | : No |
ⅱ Changes in accounting policies other than in (ⅰ) : No
ⅲ Changes in accounting estimates : No
ⅳ Retrospective restatement : No
-
Number of Shares Issued and Outstanding (Common Stock)
ⅰ Number of shares issued and outstanding at the end of period (including treasury stock)
March 31, 2021 | 12,929,942 | shares | March 31, 2020 | 12,929,942 shares |
- Number of treasury stock at the end of period
March 31, 2021 | 382,886 | shares | March 31, 2020 | 408,804 shares |
- Average number of shares during the period
Year ended March 31, 2021 | 12,533,643 | shares | Year ended March 31, 2020 | 12,623,694 shares |
- GSI Creos Corporation has conducted a two-for-one stock split for its common stock effectively on April 1, 2021. Number of shares issued and outstanding (including treasury stock), number of treasury stock and average number of shares have been calculated as if the stock split of shares was conducted at the beginning of the previous fiscal year.
[Reference] Summary of Non-Consolidated Results
Non-Consolidated Results for the Fiscal Year Ended March 31, 2021 (April 1, 2020 to March 31, 2021)
(1) Non-Consolidated Operating Results | (Percentage figures represent changes from the same period of the previous year.) | |||||||||||
Net sales | Operating profit | Ordinary profit | Profit | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||
Fiscal year ended March 31, 2021 | 67,762 | 5.5 | 2,789 | 345.0 | 2,770 | 162.6 | 1,754 | 85.5 | ||||
Fiscal year ended March 31, 2020 | 64,227 | (12.7) | 626 | (0.7) | 1,054 | 12.0 | 945 | 42.9 | ||||
Net income | Diluted net income | |||||||||||
per share | per share | |||||||||||
Yen | Yen | |||||||||||
Fiscal year ended March 31, 2021 | 139.96 | - | ||||||||||
Fiscal year ended March 31, 2020 | 74.90 | - |
- GSI Creos Corporation has conducted a two-for-one stock split for its common stock effectively on April 1, 2021. Net income per share has been calculated as if the stock split of shares was conducted at the beginning of the previous fiscal year.
- Non-ConsolidatedFinancial Position
Total assets | Net assets | Equity ratio | Net assets per share | |||||
Millions of yen | Millions of yen | % | Yen | |||||
March 31, 2021 | 41,476 | 16,932 | 40.8 | 1,349.48 | ||||
March 31, 2020 | 36,860 | 12,947 | 35.1 | 1,034.05 | ||||
(Reference) Equity capital | March 31, 2021 | : | 16,932 | millions of yen | ||||
March 31, 2020 | : | 12,947 | millions of yen |
- GSI Creos Corporation has conducted a two-for-one stock split for its common stock effectively on April 1, 2021. Net assets per share has been calculated as if the stock split of shares was conducted at the beginning of the previous fiscal year.
- This financial report is out of scope of the audit procedure performed by a certified public accountant or audit corporation.
- Cautionary statement with respect to forecasts of consolidated business results and special notes
Earning forecasts presented in this report are based on information available and assumptions deemed reasonable at the time. Therefore, they do not constitute a guarantee that they will be realized. Actual results could differ significantly from forecasts due to a variety of factors.
－ 2 ー
Consolidated Financial Statements
(1)Consolidated Balance Sheets
(Millions of yen) | ||
Previous fiscal year | Current fiscal year | |
(March 31,2020) | (March 31,2021) | |
Assets | ||
Current assets | ||
Cash and deposits | 11,899 | 14,594 |
Notes and accounts receivable-trade | 25,432 | 22,803 |
Merchandise | 9,382 | 9,040 |
Goods in transit | 264 | 369 |
Other | 1,469 | 737 |
Allowance for doubtful accounts | (190) | (158) |
Total current assets | 48,258 | 47,387 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 3,792 | 3,945 |
Accumulated depreciation | (2,355) | (2,677) |
Buildings and structures, net | 1,436 | 1,268 |
Machinery, equipment and vehicles | 2,590 | 2,668 |
Accumulated depreciation | (2,427) | (2,530) |
Machinery, equipment and vehicles, net | 162 | 137 |
Tools, furniture and fixtures | 462 | 479 |
Accumulated depreciation | (374) | (370) |
Tools, furniture and fixtures, net | 88 | 108 |
Land | 2,534 | 2,409 |
Leased assets | 334 | 409 |
Accumulated depreciation | (130) | (185) |
Leased assets, net | 203 | 223 |
Total property, plant and equipment | 4,425 | 4,148 |
Intangible assets | ||
Leased assets | 352 | 251 |
Other | 110 | 105 |
Total intangible assets | 463 | 357 |
Investments and other assets | ||
Investment securities | 2,508 | 6,129 |
Investments in capital | 967 | 853 |
Long-term loans receivable | 523 | 507 |
Deferred tax assets | 540 | 48 |
Net defined benefit asset | 344 | 506 |
Other | 658 | 726 |
Allowance for doubtful accounts | (158) | (199) |
Total investments and other assets | 5,384 | 8,572 |
Total non-current assets | 10,273 | 13,077 |
Total assets | 58,532 | 60,465 |
－ 3 ー
(Millions of yen) | ||
Previous fiscal year | Current fiscal year | |
(March 31,2020) | (March 31,2021) | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable-trade | 21,124 | 18,773 |
Short-term loans payable | 13,757 | 11,631 |
Current portion of long-term loans payable | 136 | 87 |
Lease obligations | 86 | 78 |
Income taxes payable | 89 | 1,279 |
Provision for bonuses | 454 | 511 |
Provision for directors' bonuses | 15 | 48 |
Other | 2,935 | 3,464 |
Total current liabilities | 38,599 | 35,875 |
Non-current liabilities | ||
Long-term loans payable | 173 | 231 |
Lease obligations | 163 | 178 |
Deferred tax liabilities | 267 | 833 |
Net defined benefit liability | 125 | 90 |
Asset retirement obligations | 10 | 15 |
Total non-current liabilities | 739 | 1,350 |
Total liabilities | 39,339 | 37,225 |
Net assets | ||
Shareholders' equity | ||
Capital stock | 7,186 | 7,186 |
Capital surplus | 855 | 859 |
Retained earnings | 11,754 | 13,485 |
Treasury stock | (245) | (230) |
Total shareholders' equity | 19,550 | 21,301 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | (284) | 2,216 |
Deferred gains or losses on hedges | 0 | 4 |
Foreign currency translation adjustment | (114) | (427) |
Remeasurements of defined benefit plans | 41 | 144 |
Total accumulated other comprehensive income | (357) | 1,938 |
Total net assets | 19,193 | 23,239 |
Total liabilities and net assets | 58,532 | 60,465 |
－ 4 ー
(2)Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
(Millions of yen) | ||
Previous fiscal year | Current fiscal year | |
(April 1,2019- | (April 1,2020- | |
March 31,2020) | March 31,2021) | |
Net sales | 115,548 | 116,375 |
Cost of sales | 103,164 | 101,730 |
Gross profit | 12,384 | 14,644 |
Selling, general and administrative expenses | ||
Haulage and warehousing expenses | 1,323 | 1,401 |
Sales related expenses | 1,795 | 1,723 |
Provision of allowance for doubtful accounts | 3 | 100 |
Directors' compensations, salaries and allowances | 2,701 | 2,689 |
Employees' bonuses | 344 | 389 |
Provision for bonuses | 422 | 483 |
Provision for directors' bonuses | 15 | 48 |
Retirement benefit expenses | 147 | 126 |
Other salaries | 790 | 812 |
Depreciation | 252 | 264 |
Other | 3,396 | 2,972 |
Total selling, general and administrative expenses | 11,193 | 11,012 |
Operating profit | 1,191 | 3,632 |
Non-operating income | ||
Interest income | 109 | 91 |
Dividends income | 57 | 61 |
Land and house rent received | 6 | 3 |
Share of profit of entities accounted for using equity method | 11 | 13 |
Foreign exchange gains | 32 | 3 |
Reversal of allowance for doubtful accounts | ― | 1 |
Other | 78 | 139 |
Total non-operating income | 297 | 314 |
Non-operating expenses | ||
Interest expenses | 186 | 154 |
Share of loss of entities accounted for using equity method | 23 | 27 |
Provision of allowance for doubtful accounts | 27 | ― |
Other | 37 | 63 |
Total non-operating expenses | 275 | 246 |
Ordinary profit | 1,213 | 3,700 |
－ 5 ー
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
GSI Creos Corporation published this content on 14 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 15:40:08 UTC.
