IMURAYA GROUP CO., LTD. Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Consolidated Financial Results
for the Three Months Ended June 30, 2023
[Japanese GAAP]
August 9, 2023
Company name: IMURAYA GROUP CO., LTD.
Stock exchange listing: Tokyo, Nagoya
Code number: 2209
URL: https://www.imuraya-group.com/
Representative: Yasuki Onishi, President and Representative Director
Contact: Jiro Tominaga, Executive Vice President and Chief Financial Officer
Phone: 050-1791-2014
Scheduled date of filing quarterly securities report: August 9, 2023
Scheduled date of commencing dividend payments: -
Availability of supplementary briefing material on quarterly financial results: No
Schedule of quarterly financial results briefing session: No
(Amounts of less than one million yen are rounded down.) | ||||||||||||||||||
1. Consolidated Financial Results for the Three Months Ended June 30, 2023 (April 1, 2023 to June 30, 2023) | ||||||||||||||||||
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||||||||
owners of parent | ||||||||||||||||||
Three months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||||
June 30, 2023 | 9,121 | 4.0 | (92) | - | 100 | (69.0) | 39 | (82.4) | ||||||||||
June 30, 2022 | 8,766 | 13.1 | 87 | - | 325 | - | 223 | - | ||||||||||
(Note) Comprehensive income: | Three months ended June 30, 2023: ¥ | 75 million | [ | (57.9)%] | ||||||||||||||
Three months ended June 30, 2022: ¥ | 179 million | [ | -%] | |||||||||||||||
Basic earnings | Diluted earnings per | |||||||||||||||||
per share | share | |||||||||||||||||
Three months ended | Yen | Yen | ||||||||||||||||
June 30, 2023 | 3.01 | - | ||||||||||||||||
June 30, 2022 | 17.12 | - | ||||||||||||||||
(2) Consolidated Financial Position | ||||||||||||||||||
Total assets | Net assets | Capital adequacy ratio | ||||||||||||||||
As of | Millions of yen | Millions of yen | % | |||||||||||||||
June 30, 2023 | 35,526 | 18,393 | 51.7 | |||||||||||||||
March 31, 2023 | 34,107 | 18,684 | 54.7 | |||||||||||||||
(Reference) Equity: As of | June 30, 2023: | ¥ | 18,362 million | |||||||||||||||
As of | March 31, 2023: | ¥ | 18,653 million |
2. Dividends
Annual dividends | |||||||
1st | 2nd | 3rd | Year-end | Total | |||
quarter-end | quarter-end | quarter-end | |||||
Yen | Yen | Yen | Yen | Yen | |||
Fiscal year ended March 31, 2023 | - | 0.00 | - | 28.00 | 28.00 | ||
Fiscal year ending March 31, 2024 | - | ||||||
Fiscal year ending March 31, 2024 | 0.00 | - | 28.00 | 28.00 | |||
(Forecast) | |||||||
(Note) Revision to the forecast for dividends | announced most | recently: No |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024(April 1, 2023 to March 31, 2024)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | ||||||
owners of parent | per share | |||||||||
Six months ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
22,000 | 2.4 | 400 | (65.0) | 500 | (67.3) | 300 | (77.6) | 22.93 | ||
September 30, 2023 | ||||||||||
Full year | 46,500 | 4.1 | 2,000 | 0.4 | 2,100 | (8.1) | 1,400 | (13.1) | 107.00 | |
(Note) Revision to the financial results forecast announced most recently: No |
* Notes:
- Changes in significant subsidiaries during the three months ended June 30, 2023 (changes in specified subsidiaries resulting in changes in scope of consolidation): No
- Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: No
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: No
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
June 30, 2023: | 13,086,200 | shares |
March 31, 2023: | 13,086,200 | shares |
2) Number of treasury shares at the end of the period: June 30, 2023: 2,038 shares
March 31, 2023: 1,919 shares
- Average number of shares outstanding during the period: Three months ended June 30, 2023: 13,084,211 shares Three months ended June 30, 2022: 13,084,399 shares
Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets
(Thousands of yen) | ||
As of March 31, 2023 | As of June 30, 2023 | |
Assets | ||
Current assets | ||
Cash and deposits | 1,689,190 | 1,024,218 |
Accounts receivable - trade | 5,506,881 | 5,854,899 |
Merchandise and finished goods | 3,109,594 | 4,049,088 |
Work in process | 339,849 | 390,645 |
Raw materials and supplies | 993,321 | 1,073,903 |
Other | 1,098,141 | 1,342,662 |
Allowance for doubtful accounts | (1,189) | (1,220) |
Total current assets | 12,735,789 | 13,734,198 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 19,245,265 | 19,395,888 |
Accumulated depreciation | (11,204,371) | (11,224,967) |
Buildings and structures, net | 8,040,893 | 8,170,920 |
Machinery, equipment and vehicles | 18,689,994 | 18,586,708 |
Accumulated depreciation | (14,660,478) | (14,635,317) |
Machinery, equipment and vehicles, net | 4,029,516 | 3,951,391 |
Land | 4,253,858 | 4,351,538 |
Other | 3,193,792 | 3,293,255 |
Accumulated depreciation | (1,171,013) | (1,211,875) |
Other, net | 2,022,779 | 2,081,380 |
Total property, plant and equipment | 18,347,048 | 18,555,230 |
Intangible assets | ||
Leased assets | 127,051 | 117,549 |
Other | 42,700 | 37,632 |
Total intangible assets | 169,751 | 155,182 |
Investments and other assets | ||
Investment securities | 1,482,989 | 1,649,487 |
Retirement benefit asset | 917,445 | 917,895 |
Other | 466,979 | 526,797 |
Allowance for doubtful accounts | (12,756) | (12,362) |
Total investments and other assets | 2,854,658 | 3,081,816 |
Total non-current assets | 21,371,458 | 21,792,229 |
Total assets | 34,107,247 | 35,526,428 |
1
(Thousands of yen) | ||
As of March 31, 2023 | As of June 30, 2023 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 2,739,475 | 2,936,221 |
Electronically recorded obligations - operating | 1,864,294 | 1,669,726 |
Short-term borrowings | 2,600,000 | 4,650,000 |
Current portion of long-term borrowings | 100,536 | 75,603 |
Accounts payable - other | 3,746,564 | 3,488,112 |
Income taxes payable | 626,512 | 86,366 |
Provision for bonuses | 601,187 | 370,242 |
Other | 642,227 | 1,262,054 |
Total current liabilities | 12,920,797 | 14,538,326 |
Non-current liabilities | ||
Provision for officer' retirement benefits | 56,580 | 51,078 |
Retirement benefit liability | 38,472 | 38,866 |
Asset retirement obligations | 142,055 | 142,345 |
Other | 2,264,910 | 2,362,582 |
Total non-current liabilities | 2,502,018 | 2,594,871 |
Total liabilities | 15,422,816 | 17,133,198 |
Net assets | ||
Shareholders' equity | ||
Share capital | 2,576,539 | 2,576,539 |
Capital surplus | 3,810,519 | 3,809,656 |
Retained earnings | 9,841,358 | 9,515,269 |
Treasury shares | (4,221) | (4,490) |
Total shareholders' equity | 16,224,196 | 15,896,976 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale | 201,956 | 318,351 |
securities | ||
Revaluation reserve for land | 1,930,419 | 1,930,419 |
Foreign currency translation adjustment | 13,953 | (50,845) |
Remeasurements of defined benefit plans | 282,571 | 268,019 |
Total accumulated other comprehensive income | 2,428,901 | 2,465,945 |
Non-controlling interests | 31,333 | 30,308 |
Total net assets | 18,684,431 | 18,393,229 |
Total liabilities and net assets | 34,107,247 | 35,526,428 |
2
Quarterly Consolidated Statements of Income and Comprehensive Income | ||
Quarterly Consolidated Statements of Income (For the three months) | ||
(Thousands of yen) | ||
For the three months | For the three months | |
ended June 30, 2022 | ended June 30, 2023 | |
Net sales | 8,766,957 | 9,121,862 |
Cost of sales | 5,638,063 | 6,098,410 |
Gross profit | 3,128,894 | 3,023,451 |
Selling, general and administrative expenses | 3,041,713 | 3,115,909 |
Operating profit (loss) | 87,181 | (92,458) |
Non-operating income | ||
Dividend income | 25,366 | 30,653 |
Rental income from buildings | 8,757 | 8,520 |
Foreign exchange gains | 185,330 | 142,057 |
Other | 25,752 | 25,936 |
Total non-operating income | 245,208 | 207,167 |
Non-operating expenses | ||
Interest expenses | 5,159 | 12,862 |
Other | 1,903 | 915 |
Total non-operating expenses | 7,062 | 13,778 |
Ordinary profit | 325,326 | 100,930 |
Extraordinary income | ||
Gain on sale of investment securities | 3,444 | - |
Subsidy income | 3,660 | 3,698 |
Other | 3 | - |
Total extraordinary income | 7,107 | 3,698 |
Extraordinary losses | ||
Loss on retirement of non-current assets | 2,990 | 0 |
Total extraordinary losses | 2,990 | 0 |
Profit before income taxes | 329,444 | 104,629 |
Income taxes - current | 47,410 | 59,631 |
Income taxes - deferred | 61,614 | 8,146 |
Total income taxes | 109,025 | 67,778 |
Profit | 220,418 | 36,850 |
Loss attributable to non-controlling interests | (3,548) | (2,557) |
Profit attributable to owners of parent | 223,967 | 39,408 |
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IMURAYA Group Co. Ltd. published this content on 09 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2023 07:46:01 UTC.
