JAPAN BES 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 Statements for the Three Months Ended December 31, 2021 (Based on Japanese GAAP)
Company name: | Japan Best Rescue System Co., Ltd. |
Stock exchange listing | Tokyo, Nagoya |
Stock code: | 2453 |
Representative: | Representative Director |
Inquiries: | Director, Executive Officer |
Scheduled date to file Quarterly Securities Report: Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results: Holding of quarterly financial results meeting:
February 8, 2022
Nobuhiro Sakakibara | |
Mitsuhiro Wakatsuki | TEL +81-52-212-9908 |
February 8, 2022
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Yes
No
(Amounts less than one million yen are rounded down) | |||||||||||||||
1．Consolidated financial results for the three months ended December 31, 2021 ( from October 1, 2021 to December 31, 2021) | |||||||||||||||
(1) Consolidated operating results | Percentages indicate year-on-year changes | ||||||||||||||
Net sales | Operating profit | Ordinary profit | Net profit attributable to | ||||||||||||
owners of parent | |||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||
1st Quarter of FY 2022 | 4,330 | 37.2 | 403 | 7.5 | 369 | (14.6) | 317 | 4.8 | |||||||
1st Quarter of FY 2021 | 3,156 | 9.9 | 375 | 22.2 | 432 | 33.8 | 302 | 110.9 | |||||||
(Note)Comprehensive income: | |||||||||||||||
(a) for the three months ended December 31, 2021: (26) million yen [-%] | |||||||||||||||
(b) for the three months ended December 31, 2020: 281 million yen [(32.4%)] | |||||||||||||||
Earnings per share | Diluted earnings per share | ||||||||||||||
Yen | Yen | ||||||||||||||
1st Quarter of FY 2022 | 9.36 | 9.31 | |||||||||||||
1st Quarter of FY 2021 | 9.80 | 9.76 | |||||||||||||
(2) Consolidated financial position | |||||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||||
Millions of yen | Millions of yen | % | |||||||||||||
1st Quarter of FY 2022 | 27,694 | 10,930 | 38.2 | ||||||||||||
FY ended September 30, 2021 | 28,175 | 11,668 | 40.2 |
(Reference)Equity:
- for the three months ended December 31, 2021: 10,580 million yen
- for the year ended September 30, 2021: 11,324 million yen
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 | ||||||
FY ended September 30, 2021 | － | 8.00 | － | 9.00 | 17.00 | |||||
FY ending September 30, 2022 | － | |||||||||
FY ending September 30, 2022 | 8.00 | － | 9.00 | 17.00 | ||||||
(Forecast) | ||||||||||
(Note)Revisions to the forecast of cash dividends since the latest announcement: None |
3. Forecast of consolidated financial results for the year ending September 30, 2022 (from October 1, 2021 to September 30, 2022) Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | ||||||
owners of parent | ||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||
Six months ending | 8,800 | 32.6 | 733 | 9.0 | 833 | 2.2 | 550 | 1.6 | 16.33 | |
March 31, 2022 | ||||||||||
Full year | 18,000 | 33.7 | 1,730 | 22.8 | 1,900 | 9.2 | 1,200 | - | 35.62 |
(Note)
(a)Revisions to the forecast of consolidated results since the latest announcement: None
(b)Our group passed the decision to acquire treasury stock at the board of directors held on January 24, 2022. In addition, our group
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considered the impact of the acquisition of treasury stock in EPS of the forecast of consolidated financial results for FY2022. Furthermore, please refer to more details on P12 (Significant Subsequent events) of acquiring treasury stock.
4.Notes | ||
(1) | Changes in significant subsidiaries during the three months ended December 31, 2021 | None |
(changes in specified subsidiaries resulting in the change in scope of consolidation): | ||
(2) | Application of special accounting methods for preparing quarterly consolidated financial statements: | None |
(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: | Yes | |
Changes in accounting policies due to other reasons: | Yes | |
Changes in accounting estimates: | None | |
Restatement of prior period financial statements: | None |
- Number of shares issued (common stock)
Total number of issued shares at the end of the period (including treasury stock)
1st Quarter of FY 2022 | 34,688,000 shares | FY ended September 30, 2021 | 34,688,000 shares | |
Number of treasury stock at the end of the period | ||||
1st Quarter of FY 2022 | 750,822 shares | FY ended September 30, 2021 | 750,822 shares | |
Average number of shares during the period | ||||
1st Quarter of FY 2022 | 33,937,178 shares | 1st Quarter of FY 2021 | 30,919,659 shares |
- These quarterly consolidated financial results are not subject to audit.
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Cautionary statement on appropriate use of business results forecasts and other matters. (Note on forward-looking statements)
This report contains forward-looking statements on future performance and other matters that are based on information currently available to the corporation and certain reasonable assumptions. These forward-looking statements cannot promise or guarantee future performance. A variety of potential risks and uncertainties may cause actual performance to be different from that expressed or implied by these forward-looking statements. Please refer to "1. Qualitative Information on Quarterly Operation Results (3) Explanation of Consolidated Earnings Forecast and Other Forward-looking Statements" on P4 for information on preconditions underlying the above outlook and other related information.
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1. Qualitative Information on Quarterly Operation Results
- Explanation of Operation Results
Although in the first quarter of FY2022, Japan suppressed the spread of the COVID-19, other countries are still affected by the spread of the COVID-19, which makes Japan's economy still in an unclear situation.
Under such circumstances, based on the business philosophy of "we help people in need", our group improves the profitability of each business, expands the number of related parties to strengthen our existing business and establishes our new growth foundation through providing reassuring and efficient services to which customers appreciated.
Our quarterly operation results are as follows:
- Net sales were 4,330,470 thousand yen, an increase of 37.2% compared with the first quarter of FY2021.
- Operating profit was 403,868 thousand yen, an increase of 7.5% compared with the first quarter of FY2021.
- Ordinary profit was 369,315 thousand yen, a decrease of 14.6% compared with the first quarter of FY2021.
- Net profit attributable to owners of parent was 317,506 thousand yen, an increase of 4.8% compared with the first quarter of FY2021.
- The number of our membership business' available members was completed: daily trouble relations were 2,226 thousand, extended warranty relations were 1,185 thousand, insurance business (who was insured) relations were 593 thousand.
Our quarterly operation results are increased according to the application of "accounting standard for revenue recognition" (ASBJ statement No.29, March 31, 2020). Net sales increased 88,585 thousand yen, operating profit, ordinary profit, and quarterly profit before income tax increased 35,142 thousand yen, respectively. Please refer to [2. Consolidated Financial Statements and Notes (3) Notes to Consolidated Financial Statements (Changes in Accounting Standards)] on P10.
In the previous consolidated fiscal year, along with the abolition of the PPS business of the "Life & Technology Business", we also abolished the "Life & Technology Business Segments" in the first quarter of FY2022. That means four segments existed in the first quarter of FY2022, which were "Emergency Business", "Membership Business", "Insurance Business", and "Repair Business".
Segment operation result is as follows:
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Emergency Business
Emergency business' net sales were 275,539 thousand yen (a decrease of 26.3% compared with the first quarter of FY2021), operating losses were 23,712 thousand yen (compared with 10,447 thousand yen of operating profit for the first quarter of FY2021), according to a decrease in attracting customers through other company's websites.
- Membership Business
Membership business' net sales were 2,850,080 thousand yen (an increase of 79.0% compared with the first quarter of FY2021), operating profit was 440,141 thousand yen (an increase of 7.3% compared with the first quarter of FY2021). This result might come from sales of the QR service, the core of the service, that can solve the daily trouble through the rental house, is extraordinary expanding than expected, and the net sales of TSUNAGU CO., LTD and ACTCALL INC., which acquired in the previous fiscal year also contributed to it.
- Insurance Business
Insurance business' net sales were 1,148,594 thousand yen (an increase of 6.1% compared with the first quarter of FY2021), operating profit was 84,684 thousand yen (an increase of 7.0% compared with the first quarter of FY2021), according to "Home Contents Insurance for Apartment", the key of insurance business, which increases the great number of contracts and the net sales of other insurance items such as smartphone insurance were also contributed to it.
- Repair Business
Repair business' net sales were 57,801 thousand yen (a decrease of 10.5% compared with the first quarter of FY2021), while operating losses were 21,480 thousand yen (compared with 19,172 thousand yen for the first quarter of FY2021). This result might come from reducing the work due to the solid inquiries without ordering.
- Repair Business
- Explanation of Financial Position (Current Assets)
Current assets decreased 244,583 thousand yen from the end of the previous fiscal year to 15,155,103 thousand yen mainly due to an increase of 596,184 thousand yen in cash & deposits, and a decrease of 932,059 thousand yen in accounts receivable-other.
(Non-current Assets)
Non-current assets decreased 244,864 thousand yen from the end of the previous fiscal year to 12,146,860 thousand yen mainly due to a decrease of 472,917 thousand yen in investment securities.
(Deferred Assets)
Deferred assets increased 392,614 thousand yen from the end of the previous fiscal year to 8,170 thousand yen mainly due to an increase of 8,826 thousand yen in deferred assets under article 113 of Insurance Business Act.
(Current Liabilities)
Current liabilities increased 293,730 thousand yen from the end of the previous fiscal year to 7,813,224 thousand yen mainly due to a decrease of 231,284 thousand yen in income tax payable, an increase of 349,374 thousand yen in unearned revenue, and 95,317 thousand yen in accounts payable. - 4 －
(Non-current Liabilities)
Non-current liabilities decreased 37,022 thousand yen from the end of the previous fiscal year to 8,950,548 thousand yen mainly due to a decrease of 117,010 thousand yen in long-term borrowings.
(Net Assets)
Net assets decreased 737,984 thousand yen from the end of the previous fiscal year to 10,930,805 thousand yen mainly due to a decrease of 393,711 thousand yen in capital surplus and 350,522 thousand yen in Valuation difference on available-for- sale securities.
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Explanation of Consolidated Earnings Forecast and Other Forward-looking Statements
There are no revisions to the consolidated earnings forecast for the fiscal year ending September 30, 2022 announced on November 5, 2021.
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Japan Best Rescue System Co. Ltd. published this content on 08 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 February 2022 07:31:13 UTC.
