KANADEN CORPORATION 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, 2022 (Based on Japanese GAAP)
July 29, 2022 | ||||
Company name: | KANADEN CORPORATION | |||
Stock exchange listing: | Tokyo | |||
Stock code: | 8081 | URL https://www.kanaden.co.jp | ||
Representative: | President and Representative Director | Nobuyuki Motohashi | ||
Inquiries: | General Manager,Accounting Div. | Masayuki Sugaya | TEL 03-6747-8805 | |
Scheduled date to file Quarterly Securities Report: | August 3, 2022 | |||
Scheduled date to commence dividend payments: | - | |||
Preparation of supplementary material on quarterly financial results: | No | |||
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, 2022 (from April 1, 2022 to June 30, 2022)
(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, 2022 | 19,355 | (8.6) | 138 | 31.9 | 370 | 163.8 | 181 | 260.0 | |||
Three months ended June 30, 2021 | 21,182 | - | 105 | 396.7 | 140 | 64.8 | 50 | 73.9 | |||
Note: Comprehensive income Three months ended June 30, 2022 | ¥263 million | [117.1%] | |||||||||
Three months ended June 30, 2021 | ¥121 million | [(42.8)%] | |||||||||
Earnings per share | Diluted earnings per share | ||||||||||
Yen | Yen | ||||||||||
Three months ended June 30, 2022 | 6.81 | - | |||||||||
Three months ended June 30, 2021 | 1.88 | - |
Note: The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations from the beginning of the first quarter of the previous fiscal year, and each figure for the first three months of the fiscal year ended March 31, 2022, is the figure after applying the accounting standard and relevant ASBJ regulations. The percentage of year-on- year change of net sales is not shown.
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||
Millions of yen | Millions of yen | % | Yen | ||||||||||
As of June 30, 2022 | 67,950 | 45,578 | 67.1 | 1,711.19 | |||||||||
As of March 31, 2022 | 78,548 | 45,571 | 58.0 | 1,710.93 | |||||||||
Reference: Equity | As of June 30, 2022 | ¥45,578 million | |||||||||||
As of March 31, 2022 | ¥45,571 million | ||||||||||||
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, 2022 | - | 16.00 | - | 10.00 | 26.00 | ||||||||
Year ending March 31, 2023 | - | ||||||||||||
Year ending March 31, 2023 (Forecast) | 17.00 | - | 17.00 | 34.00 |
Note: Revisions to the cash dividend forecasts most recently announced: None
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3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit | Earnings per share | |||||
Six months ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen |
45,500 | 1.1 | 1,000 | 19.3 | 1,000 | 10.4 | 600 | 15.4 | 22.53 | |
September 30, 2022 | |||||||||
Full year | 110,000 | 9.1 | 3,800 | 33.5 | 3,800 | 24.4 | 2,500 | 30.0 | 93.86 |
Note: Revisions to the consolidated financial results forecasts most recently announced: None
4. Notes
- Changes in significant subsidiaries during the three months ended June 30, 2022 (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, 2022 | 28,600,000 | shares | As of March 31, 2022 | 28,600,000 | shares | |
Number of treasury shares at the end of the period | ||||||
As of June 30, 2022 | 1,964,427 | shares | As of March 31, 2022 | 1,964,405 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Three months ended June 30, 2022 | 26,635,590 | shares | Three months ended June 30, 2021 | 26,808,482 | shares |
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
- Proper use of forecasts of financial results, and other special matters
Financial results forecasts and other forward-looking statements stated in this document are based on information currently available to the Company.
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Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of March 31, 2022 | As of June 30, 2022 | ||
Assets | |||
Current assets | |||
Cash and deposits | 13,069 | 9,330 | |
Notes and accounts receivable - trade, and contract assets | 27,916 | 19,207 | |
Electronically recorded monetary claims - operating | 5,999 | 7,211 | |
Securities | 6,300 | 6,799 | |
Merchandise and finished goods | 7,790 | 9,143 | |
Raw materials and supplies | 2 | 1 | |
Other | 2,617 | 1,968 | |
Allowance for doubtful accounts | (1) | (0) | |
Total current assets | 63,695 | 53,662 | |
Non-current assets | |||
Property, plant and equipment | 8,735 | 8,668 | |
Intangible assets | 772 | 776 | |
Investments and other assets | |||
Investment securities | 4,595 | 4,226 | |
Other | 754 | 622 | |
Allowance for doubtful accounts | (5) | (5) | |
Total investments and other assets | 5,344 | 4,843 | |
Total non-current assets | 14,852 | 14,288 | |
Total assets | 78,548 | 67,950 |
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(Millions of yen) | |||
As of March 31, 2022 | As of June 30, 2022 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 22,036 | 11,099 | |
Electronically recorded obligations - operating | 4,169 | 4,314 | |
Income taxes payable | 558 | 65 | |
Provisions | 1,032 | 408 | |
Other | 4,009 | 5,333 | |
Total current liabilities | 31,806 | 21,221 | |
Non-current liabilities | |||
Retirement benefit liability | 869 | 859 | |
Other | 301 | 291 | |
Total non-current liabilities | 1,170 | 1,150 | |
Total liabilities | 32,976 | 22,371 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 5,576 | 5,576 | |
Capital surplus | 5,343 | 5,353 | |
Retained earnings | 34,927 | 34,842 | |
Treasury shares | (2,346) | (2,346) | |
Total shareholders' equity | 43,499 | 43,424 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 1,025 | 992 | |
Revaluation reserve for land | 378 | 378 | |
Foreign currency translation adjustment | 117 | 255 | |
Remeasurements of defined benefit plans | 549 | 527 | |
Total accumulated other comprehensive income | 2,071 | 2,153 | |
Non-controlling interests | - | - | |
Total net assets | 45,571 | 45,578 | |
Total liabilities and net assets | 78,548 | 67,950 |
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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, 2021 | June 30, 2022 | ||
Net sales | 21,182 | 19,355 | |
Cost of sales | 18,282 | 16,297 | |
Gross profit | 2,899 | 3,057 | |
Selling, general and administrative expenses | 2,794 | 2,919 | |
Operating profit | 105 | 138 | |
Non-operating income | |||
Interest income | 1 | 3 | |
Dividend income | 36 | 40 | |
Purchase discounts | 5 | 5 | |
Foreign exchange gains | 2 | 176 | |
Other | 12 | 11 | |
Total non-operating income | 57 | 237 | |
Non-operating expenses | |||
Interest expenses | 2 | 2 | |
Sales discounts | 9 | - | |
Other | 10 | 3 | |
Total non-operating expenses | 22 | 5 | |
Ordinary profit | 140 | 370 | |
Extraordinary losses | |||
Loss on retirement of non-current assets | 8 | 0 | |
Loss on valuation of shares of subsidiaries and associates | - | 26 | |
Total extraordinary losses | 8 | 26 | |
Profit before income taxes | 131 | 344 | |
Income taxes - current | 5 | 8 | |
Income taxes - deferred | 75 | 154 | |
Total income taxes | 81 | 162 | |
Profit | 50 | 181 | |
Profit attributable to non-controlling interests | - | - | |
Profit attributable to owners of parent | 50 | 181 |
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Kanaden Corporation published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 02:20:03 UTC.
