KEIYO CO., LTD. Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
June 30, 2022
Non-consolidated Financial Results
for the Three Months Ended May 31, 2022
(Under Japanese GAAP)
Company name: | Keiyo Co., Ltd. |
Listing: | Tokyo Stock Exchange |
Securities code: | 8168 |
URL: | https://www.keiyo.co.jp |
Representative: | Koji Jitsukawa, President |
Inquiries: | Keiichi Kitamura, Director, General Manager of Administration Division, Supervising |
General Manager of Corporate Planning Department, and General Manager of Public | |
Relations Department | |
Telephone: | +81-43-255-1111 |
Scheduled date to file quarterly securities report: | July 8, 2022 |
Scheduled date to commence dividend payments: | － |
Preparation of supplementary material on quarterly financial results: None | |
Holding of quarterly financial results briefing: | None |
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Non-consolidated financial results for the three months ended May 31, 2022, (from March 1, 2022 to May 31, 2022)
(1) Non-consolidated operating results (cumulative) | (Percentages indicate year-on-year changes.) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit | |||||||
Three months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||
May 31, 2022 | 26,110 | (8.0) | 1,745 | (15.0) | 1,902 | (12.5) | 1,791 | 26.3 | ||
May 31, 2021 | 28,381 | (8.7) | 2,052 | (23.1) | 2,174 | (21.9) | 1,418 | (21.4) | ||
Basic earnings | Diluted earnings | |||||||||
per share | per share | |||||||||
Three months ended | Yen | Yen | ||||||||
May 31, 2022 | 30.03 | ― | ||||||||
May 31, 2021 | 21.77 | ― | ||||||||
Note: The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc., from the beginning of the first quarter ended May 31,2022. The percentages indicating year-on-year changes are based on the figures for the first quarter ended in May 2022 because the impact of the application of these accounting standards is minor. In addition, the Company has changed its presentation method from the current fiscal year, and the figures and year-on-year changes after reclassification for the first quarter ended May 31,2022 reflect this change.
(2) Non-consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | |
As of | Millions of yen | Millions of yen | % |
May 31, 2022 | 82,451 | 43,125 | 52.3 |
February 28, 2022 | 76,875 | 42,643 | 55.5 |
Reference: Equity | |
As of May 31, 2022: | ¥43,125 million |
As of February 28, 2022: | ¥42,643 million |
Note: The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc., from the beginning of the first quarter ended May 31, 2022. Accordingly, the amounts of three months ended May 31, 2022 above reflect application of this standard.
2. Cash dividends
Annual dividends per share | |||||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | |||
Yen | Yen | Yen | Yen | Yen | |||
Fiscal year ended | ― | 6.25 | ― | 6.25 | 12.50 | ||
February 28, 2022 | |||||||
Fiscal year ending | ― | ||||||
February 28, 2023 | |||||||
Fiscal year ending | |||||||
February 28, 2023 | 7.25 | ― | 7.25 | 14.50 | |||
(Forecast) | |||||||
Note: Revisions to the forecast of cash dividends most recently announced: None
3. Forecasts of non-consolidated financial results for the fiscal year ending February 28, 2023 (from March 1, 2022 to February 28, 2023)
Net sales | Operating profit | Ordinary profit | Profit | Basic earnings | |||||
per share | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
Six months ending | 53,100 | (2.6) | 3,750 | 7.0 | 3,900 | 4.5 | 2,600 | 9.8 | 43.57 |
August 31, 2022 | |||||||||
Full year | 100,000 | (2.0) | 6,000 | 16.8 | 6,300 | 14.7 | 3,900 | 3.3 | 65.35 |
Note: 1. Revisions to the forecast most recently announced: None |
2. The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc., from the beginning of the first quarter ended May 31, 2022. The year-on-year percentage changes comparing in the above-mentioned financial forecasts are based on the second quarter ending August 31, 2022 and the previous fiscal year's figures because the impact of the application of these accounting standards is minor. In addition, the Company has changed its presentation method from the current fiscal year, and the percentages indicating year-on-year changes is calculated using the figures after the retrospective application.
* Notes
- Adoption of accounting treatment specific to the preparation of quarterly non-consolidated financial statements: None
- Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
- Changes in accounting policies due to other reasons: None
- Changes in accounting estimates: None
- Restatement: None
- Number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares)
As of May 31, 2022 | 65,140,184 shares |
As of February 28, 2022 | 65,140,184 shares |
(ii) Number of treasury shares at the end of the period
As of May 31, 2022 | 5,463,665 shares |
As of February 28, 2022 | 5,463,627 shares |
- Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended May 31, 2022 | 59,676,525 shares |
Three months ended May 31, 2021 | 65,136,112 shares |
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
1. Quarterly Non-consolidated Financial Statements | ||
（1）Quarterly Balance sheets | (Millions of yen) | |
As of February 28,2022 | As of May 31,2022 | |
Assets | ||
Current assets | ||
Cash and deposits | 1,757 | 6,210 |
Notes and accounts receivable - trade | 866 | - |
Notes and accounts receivable trade and contract assets | - | 1,362 |
Merchandise | 25,226 | 26,025 |
Other | 2,426 | 2,206 |
Total current assets | 30,276 | 35,805 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings | 24,683 | 24,589 |
Land | 13,394 | 13,394 |
Other | 14,229 | 14,300 |
Accumulated depreciation | (28,430) | (28,523) |
Total property, plant and equipment | 23,877 | 23,760 |
Intangible assets | 1,809 | 1,826 |
Investments and other assets | ||
Investment securities | 12,367 | 11,074 |
Guarantee deposits | 7,162 | 7,080 |
Other | 1,698 | 3,220 |
Allowance for doubtful accounts | (231) | (231) |
Allowance for investment loss | (86) | (86) |
Total investments and other assets | 20,911 | 21,058 |
Total non-current assets | 46,598 | 46,646 |
Total assets | 76,875 | 82,451 |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 9,097 | 12,624 |
Current portion of long-term borrowings | 2,345 | 2,345 |
Income taxes payable | 374 | 679 |
Provision for loss on store closings | 2 | 325 |
Provision for loss on disaster | - | 47 |
Asset retirement obligations | 17 | 29 |
Other | 4,304 | 5,245 |
Total current liabilities | 16,142 | 21,296 |
Non-current liabilities | ||
Long-term borrowings | 10,892 | 10,845 |
Provision for retirement benefits | 4,998 | 5,023 |
Asset retirement obligations | 652 | 642 |
Other | 1,545 | 1,518 |
Total non-current liabilities | 18,089 | 18,029 |
Total liabilities | 34,231 | 39,326 |
Net assets | ||
Shareholders' equity | ||
Share capital | 16,505 | 16,505 |
Capital surplus | 13,953 | 13,953 |
Retained earnings | 13,161 | 14,580 |
Treasury shares | (4,670) | (4,670) |
Total shareholders' equity | 38,949 | 40,368 |
Valuation and translation adjustments | ||
Valuation difference on available-for-sale securities | 3,693 | 2,756 |
Total valuation and translation adjustments | 3,693 | 2,756 |
Total net assets | 42,643 | 43,125 |
Total liabilities and net assets | 76,875 | 82,451 |
（2）Quarterly Statements of income
（Millions of yen） | ||
Three months ended | Three months ended | |
May 31,2021 | May 31,2022 | |
Net sales of good | 28,381 | 26,110 |
Cost of goods sales | 18,105 | 16,501 |
Gross profit | 10,275 | 9,609 |
Operating revenue | 262 | 273 |
Gross operating revenue | 10,537 | 9,883 |
Selling, general and administrative expenses | 8,485 | 8,138 |
Operating profit | 2,052 | 1,745 |
Non-operating income | ||
Interest income | 4 | 3 |
Dividend income | 73 | 116 |
Other | 72 | 60 |
Total non-operating income | 151 | 179 |
Non-operating expenses | ||
Interest expenses | 17 | 17 |
Other | 11 | 5 |
Total non-operating expenses | 29 | 22 |
Ordinary profit | 2,174 | 1,902 |
Extraordinary income | ||
Gain on sale of non-current assets | 0 | 17 |
Contribution for construction | - | 17 |
Other | - | 4 |
Total extraordinary income | 0 | 39 |
Extraordinary losses | ||
Loss on retirement of non-current assets | 3 | 16 |
Loss on store closings | 139 | 348 |
Loss on abandonment of goods | - | 256 |
Other | 14 | 60 |
Total extraordinary losses | 157 | 682 |
Profit before income taxes | 2,017 | 1,259 |
Income taxes - current | 606 | 581 |
Income taxes - deferred | (7) | (1,113) |
Total income taxes | 598 | (532) |
Profit | 1,418 | 1,791 |
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Disclaimer
Keiyo Co. Ltd. published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 06:41:09 UTC.
