Consolidated Financial Results for the Nine Months Ended December 31, 2022 (Japanese GAAP)
February 8, 2023 | ||
Company name: | Mitsuboshi Belting Ltd. | |
Stock exchange listing: | Tokyo | |
Securities code: | 5192 | |
URL: | https://www.mitsuboshi.com/ | |
Representative: | Hiroshi Ikeda, President | |
Inquiries: | Masatsugu Tsuji, Executive Officer, General Manager, Finance & Accounting Department | |
Phone: +81-78-685-5630 | ||
Scheduled date of filing quarterly securities report: | February 13, 2023 | |
Scheduled date of commence dividend payments: | - |
(Amounts less than one million yen are rounded down)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2022 (April 1, 2022-December 31, 2022)
(1) Consolidated operating results | (Percentages indicate year-on-year changes) | |||||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||||||||||
owners of parent | ||||||||||||||||||||
Nine months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||||||
December 31, 2022 | 63,827 | 14.6 | 7,280 | 21.3 | 8,026 | 20.3 | 5,609 | 18.3 | ||||||||||||
December 31, 2021 | 55,674 | 17.6 | 6,001 | 72.2 | 6,673 | 67.7 | 4,743 | 73.4 | ||||||||||||
Comprehensive income | Nine months ended December 31, 2022: | ¥5,720 million | ( | 19.3%) | ||||||||||||||||
Note: | Nine months ended December 31, 2021: | ¥7,092 million | △(71.4%) | |||||||||||||||||
Basic earnings | Diluted earnings | |||||||||||||||||||
per share | per share | |||||||||||||||||||
Nine months ended | Yen | Yen | ||||||||||||||||||
December 31, 2022 | 197.52 | - | ||||||||||||||||||
December 31, 2021 | 163.39 | - | ||||||||||||||||||
(2) Consolidated financial position | ||||||||||||||||||||
Total assets | Net assets | Equity-to-asset ratio | ||||||||||||||||||
Millions of yen | Millions of yen | % | ||||||||||||||||||
As of December 31, 2022 | 114,660 | 84,890 | 74.0 | |||||||||||||||||
As of March 31, 2022 | 118,963 | 86,877 | 73.0 | |||||||||||||||||
Reference: | Equity | As of December 31, 2022: | ¥84,890 million | |||||||||||||||||
As of March 31, 2022: | ¥86,877 million | |||||||||||||||||||
2. Dividends | ||||||||||||||||||||
Annual dividends per share | ||||||||||||||||||||
1st quarter end | 2nd quarter end | 3rd quarter end | Fiscal year end | Total | ||||||||||||||||
Yen | Yen | Yen | Yen | Yen | ||||||||||||||||
Fiscal year ended | - | 33.00 | - | 110.00 | 143.00 | |||||||||||||||
March 31, 2022 | ||||||||||||||||||||
Fiscal year ending | - | 120.00 | - | |||||||||||||||||
March 31, 2023 | ||||||||||||||||||||
Fiscal year ending | 120.00 | 240.00 | ||||||||||||||||||
March 31, 2023(Forecast) | ||||||||||||||||||||
3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2023 (April 1, 2022-March 31, 2023)
(Percentages indicate year-on-year changes)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | ||||||||
owners of parent | per share | |||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||||
Full year | 83,000 | 10.9 | 8,700 | 13.9 | 9,400 | 9.9 | 6,800 | 6.6 | 239.55 | |||
Quarterly Consolidated Financial Statements
1. Quarterly Consolidated Balance Sheet
(Millions of yen) | ||
As of March 31, 2022 | As of December 31, 2022 | |
Assets | ||
Current assets | ||
Cash and deposits | 34,708 | 29,544 |
Notes and accounts receivable - trade, and | 17,788 | 17,794 |
contract assets | ||
Merchandise and finished goods | 15,324 | 16,380 |
Work in process | 2,115 | 2,491 |
Raw materials and supplies | 3,892 | 4,286 |
Other | 833 | 1,026 |
Allowance for doubtful accounts | 123 | 145 |
Total current assets | 74,540 | 71,378 |
△ | △ | |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 7,329 | 7,384 |
Machinery, equipment and vehicles, net | 9,115 | 9,307 |
Tools, furniture and fixtures, net | 2,054 | 1,915 |
Land | 3,958 | 3,972 |
Leased assets, net | 1,409 | 1,507 |
Construction in progress | 2,804 | 3,883 |
Total property, plant and equipment | 26,671 | 27,970 |
Intangible assets | 891 | 713 |
Investments and other assets | ||
Investment securities | 15,179 | 12,858 |
Other | 1,698 | 1,758 |
Allowance for doubtful accounts | 18 | 18 |
Total investments and other assets | 16,860 | 14,598 |
△ | △ | |
Total non-current assets | 44,423 | 43,282 |
Total assets | 118,963 | 114,660 |
(Millions of yen) | |||
As of March 31, 2022 | As of December 31, 2022 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 9,898 | 10,155 | |
Short-term borrowings | 3,227 | 3,229 | |
Income taxes payable | 1,576 | 546 | |
Provision for bonuses | 928 | 195 | |
Provision for product warranties | 508 | 502 | |
Other | 6,075 | 6,293 | |
Total current liabilities | 22,215 | 20,923 | |
Non-current liabilities | |||
Long-term borrowings | 900 | 225 | |
Retirement benefit liability | 2,226 | 2,637 | |
Provision for retirement benefits for directors | 13 | 15 | |
(and other officers) | |||
Other | 6,730 | 5,968 | |
Total non-current liabilities | 9,870 | 8,846 | |
Total liabilities | 32,086 | 29,770 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 8,150 | 8,150 | |
Capital surplus | 2,119 | 2,143 | |
Retained earnings | 70,315 | 69,355 | |
Treasury shares | 6,395 | 7,559 | |
Total shareholders' equity | 74,188 | 72,090 | |
△ | △ | ||
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale | 9,368 | 7,793 | |
securities | |||
Foreign currency translation adjustment | 3,344 | 5,084 | |
Remeasurements of defined benefit plans | 25 | 78 | |
Total accumulated other comprehensive | 12,688△ | 12,799△ | |
income | |||
Total net assets | 86,877 | 84,890 | |
Total liabilities and net assets | 118,963 | 114,660 |
2. Quarterly Consolidated Statement of Income and Comprehensive Income Quarterly Consolidated Statement of Income
(Millions of yen) | |||
Nine months ended | Nine months ended | ||
December 31, 2021 | December 31, 2022 | ||
Net sales | 55,674 | 63,827 | |
Cost of sales | 37,680 | 43,303 | |
Gross profit | 17,994 | 20,523 | |
Selling, general and administrative expenses | 11,993 | 13,243 | |
Operating profit | 6,001 | 7,280 | |
Non-operating income | |||
Interest income | 70 | 167 | |
Dividend income | 362 | 394 | |
Foreign exchange gains | 278 | 345 | |
Other | 231 | 247 | |
Total non-operating income | 943 | 1,155 | |
Non-operating expenses | |||
Interest expenses | 33 | 37 | |
Loss on retirement of non-current assets | 150 | 268 | |
Other | 86 | 104 | |
Total non-operating expenses | 270 | 409 | |
Ordinary profit | 6,673 | 8,026 | |
Extraordinary income | |||
Gain on sale of investment securities | 151 | - | |
Total extraordinary income | 151 | - | |
Profit before income taxes | 6,825 | 8,026 | |
Income taxes | 2,082 | 2,417 | |
Profit | 4,743 | 5,609 | |
Profit attributable to owners of parent | 4,743 | 5,609 | |
Quarterly Consolidated Statement of Comprehensive Income
(Millions of yen) | ||
Nine months ended | Nine months ended | |
December 31, 2021 | December 31, 2022 | |
Profit | 4,743 | 5,609 |
Other comprehensive income | ||
Valuation difference on available-for-sale | 1,452 | 1,575 |
securities | △ | |
Foreign currency translation adjustment | 805 | 1,740 |
Remeasurements of defined benefit plans, net of | 91 | 53 |
tax | △ | |
Total other comprehensive income | 2,349 | 111 |
Comprehensive income | 7,092 | 5,720 |
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non- controlling interests
7,0925,720
- | - |
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Mitsuboshi Belting Ltd. published this content on 14 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2023 09:19:08 UTC.