Consolidated Financial Results for the Fiscal Year Ended 31 March 2021
(Japanese GAAP) (Unaudited)
Nagoya Railroad Co., Ltd. | 11 May 2021 | |
Stock exchange Listing: | Tokyo Nagoya | |
Securities code: | 9048 | |
URL: | https://top.meitetsu.co.jp/ | |
Representative: | Takashi Ando, President, Director | |
For further information contact: | Yukinaga Furuhashi, Executive Officer and General Manager, Finance and Accounting Dept. | |
Tel: +81-52-588-0846 |
Scheduled date of ordinary shareholders meeting: | 25 June 2021 |
Scheduled date of filing of annual securities report: | 28 June 2021 |
Scheduled date of dividend payment commencement: | - |
Supplementary explanations of financial results: | Yes |
Financial results presentation meeting: | Yes |
- Amounts of less than ¥1 million have been rounded down.
1. Consolidated results for the fiscal year ended 31 March 2021
(1 April 2020 - 31 March 2021)
(1) Consolidated operating results | (%: year-on-year) | |||||||||||||
Operating revenues | Operating income | Ordinary income | Profit attributable to | |||||||||||
owners of the parent | ||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||||
Fiscal year | 481,645 | (22.7) | (16,354) | - | (8,146) | - | (28,769) | - | ||||||
ended 31 March 2021 | ||||||||||||||
Fiscal year | 622,916 | 0.1 | 47,363 | (4.2) | 49,288 | (4.5) | 28,879 | (5.2) | ||||||
ended 31 March 2020 | ||||||||||||||
Note: Comprehensive income - for the fiscal year ended 31 March 2021 | ¥(24,232) million [(―%)] | |||||||||||||
for the fiscal year ended 31 March 2020 | ¥18,380 million [(34,4%)] | |||||||||||||
Net income per | Net income per | Return on equity | Return on assets | Operating income | ||||||||||
share-basic | share-diluted | ratio | ||||||||||||
Yen | Yen | % | % | % | ||||||||||
Fiscal year | (146.29) | - | (7.4) | (0.7) | (3.4) | |||||||||
ended 31 March 2021 | ||||||||||||||
Fiscal year | 146.89 | 137.21 | 7.2 | 4.3 | 7.6 | |||||||||
ended 31 March 2020 | ||||||||||||||
Reference: Equity in earnings of affiliates- | for the fiscal year ended 31 March 2021 | ¥1,253 million | ||||||||||||
for the fiscal year ended 31 March 2020 | ¥2,562 million |
Note: Net income per share-diluted is not indicated because net loss per share is indicated for the fiscal year ended 31 March
2021, although there are potential common shares with dilutive effects. | ||||||||||
(2) Consolidated financial position | ||||||||||
Total assets | Net assets | Equity ratio | Net assets per | |||||||
share-basic | ||||||||||
As of | Millions of yen | Millions of yen | % | yen | ||||||
31 March 2021 | 1,191,131 | 407,512 | 31.2 | 1,891.76 | ||||||
31 March 2020 | 1,164,979 | 438,401 | 34.7 | 2,053.10 | ||||||
Reference: Shareholders' | equity- as of 31 | March 2021 | ¥372,014 million | |||||||
as of 31 March 2020 | ¥403,771 million | |||||||||
(3) Consolidated cash flows | ||||||||||
Net cash provided | Net cash provided | Net cash provided by | Cash and cash | |||||||
by (used in) | by (used in) | (used in) financing | equivalents at end of | |||||||
operating activities | investing activities | activities | year | |||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | |||||||
Fiscal year | 19,685 | (44,235) | 49,413 | 53,459 | ||||||
ended 31 March 2021 | ||||||||||
Fiscal year | 70,247 | (62,527) | (898) | 32,011 | ||||||
ended 31 March 2020 | ||||||||||
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2. Cash dividends
Annual dividends | ||||||
1st quarter end | 2nd quarter end | 3rd quarter end | Fiscal year end | Total | ||
Yen | Yen | Yen | Yen | Yen | ||
Fiscal year ended 31 | - | 0.00 | - | 25.00 | 25.00 | |
March 2020 | ||||||
Fiscal year ended 31 | - | 0.00 | - | 0.00 | 0.00 | |
March 2021 | ||||||
Fiscal year ending 31 | - | 0.00 | - | 12.50 | 12.50 | |
March 2022 (forecast) | ||||||
Total cash | Payout ratio | Dividend on | ||||
dividends | net assets | |||||
(Consolidated) | ||||||
(Annual) | (Consolidated) | |||||
Millions of yen | % | % | ||||
Fiscal year ended 31 | 4,917 | 17.0 | 1.2 | |||
March 2020 | ||||||
Fiscal year ended 31 | - | - | - | |||
March 2021 | ||||||
Fiscal year ending 31 | 22.3 | |||||
March 2022 (forecast) | ||||||
2
3. Consolidated operating results forecast for the fiscal year ending 31 March 2022
(%: year-on-year)
Operating revenues | Operating income | Ordinary income | |||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||
Six-month period ending | 245,000 | 8.0 | 1,500 | - | 3,000 | - | |||
30 | September 2021 | ||||||||
Fiscal year ending | 530,000 | 10.0 | 13,000 | - | 16,000 | - | |||
31 | March 2022 | ||||||||
Profit attributable to | Net income | ||||||||
owners of the parent | per share-basic | ||||||||
Millions of yen | % | yen | |||||||
Six-month period ending | 500 | - | 2.54 | ||||||
30 | September 2021 | ||||||||
Fiscal year ending | 11,000 | - | 55.94 | ||||||
31 | March 2022 | ||||||||
Note: The company will begin to adopt of "Accounting Standard for Revenue Recognition" (Accounting Standards Board of Japan Statement No. 29) from the fiscal year ended March 31 2022,and the effect of the adoption is reflected in the consolidated earnings forecasts listed above.
Notes
- Changes in significant consolidated subsidiaries during the year (changes in specific consolidated subsidiaries resulting in changes in the scope of consolidation): None
- Changes in accounting policies, changes in accounting estimates, and restatement of revisions
- Changes in accounting policies resulting from the revision of the accounting standards: None
- Changes in accounting policies other than the above: None
- Changes in accounting estimates: None
- Restatement of revisions: None
(3) Number of issued shares (Common stock) | (Shares) | ||
Number of issued shares | Number of treasury stock | ||
(including treasury stock) | |||
As of | |||
31 March 2021 | 196,700,692 | 50,559 | |
31 March 2020 | 196,700,692 | 36,349 | |
(Shares) | |||
Average number of shares | |||
outstanding during the periods | |||
Fiscal year | 196,656,567 | ||
ended 31 March 2021 | |||
Fiscal year | 196,606,065 | ||
ended 31 March 2020 | |||
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(Reference) Overview of the non-consolidated financial results
1. Non-consolidated results for the fiscal year ended 31 March 2021 (1 April 2020 - 31 March 2021)
(1) Non-consolidated operating results | (%: year-on-year) | ||||||||
Operating revenues | Operating income | Ordinary income | Profit | ||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||
Fiscal year | 78,316 | (28.6) | (3,604) | - | (3) | - | (13,130) | - | |
ended 31 March 2021 | |||||||||
Fiscal year | 109,742 | (0.1) | 21,767 | (5.2) | 26,819 | (3.6) | 18,180 | (15.6) | |
ended 31 March 2020 | |||||||||
Net income per | Net income per | ||||||||
share-basic | share-diluted | ||||||||
Yen | Yen | ||||||||
Fiscal year | (66.76) | - | |||||||
ended 31 March 2021 | |||||||||
Fiscal year | 92.46 | 86.37 | |||||||
ended 31 March 2020 | |||||||||
Note: Net income per share-diluted is not indicated because net loss per share is indicated for the fiscal year ended 31 March 2021, although there are potential common shares with dilutive effects.
(2) Non-consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per | ||
share-basic | |||||
As of | Millions of yen | Millions of yen | % | yen | |
31 March 2021 | 861,667 | 278,202 | 32.3 | 1,414.54 | |
31 March 2020 | 810,084 | 294,500 | 36.4 | 1,497.30 | |
Reference: Shareholders' | equity- as of 31 | March 2021 | ¥278,202 million | ||
as of 31 March 2020 | ¥294,500 million |
2. Non-consolidated operating results forecast for the fiscal year ending 31 March 2022
(%: year-on-year)
Operating revenues | Operating income | Ordinary income | ||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | |||
Fiscal year ending | 92,400 | 18.0 | 6,500 | - | 5,400 | - | ||
31 March 2022 | ||||||||
Profit | Net income | |||||||
per share-basic | ||||||||
Millions of yen | % | yen | ||||||
Fiscal year ending | 6,300 | - | 32.03 | |||||
31 March 2022 | ||||||||
- This report is not subject to audit procedures.
-
Explanation for appropriate use of forecasts and other notes
The forward-looking statements such as operational forecasts contained in this statements summary are based on currently available to the Company and certain assumptions which are regarded as legitimate.
Actual results may differ from such forward-looking statements for a variety of reasons.
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4. Consolidated financial statements
- Consolidated Balance Sheets (Unaudited)
Millions of yen | ||
31 March 2020 | 31 March 2021 | |
ASSETS | ||
Current assets | ||
Cash and deposits | 27,702 | 54,019 |
Trade notes and accounts receivable | 56,644 | 61,829 |
Short-term loans receivable | 2,084 | 1,968 |
Land and buildings for sale | 65,804 | 64,617 |
Merchandise and finished goods | 9,019 | 6,154 |
Work in process | 1,641 | 1,846 |
Raw materials and supplies | 4,269 | 4,566 |
Others | 22,184 | 20,282 |
Allowance for doubtful accounts | (208) | (187) |
Total current assets | 189,143 | 215,097 |
Non-current assets | ||
Property and equipment | ||
Buildings and structures, net | 297,403 | 296,888 |
Machinery, equipment and vehicles, net | 86,005 | 82,583 |
Land | 367,748 | 359,179 |
Lease assets, net | 9,679 | 11,625 |
Construction in progress | 62,158 | 73,951 |
Other properties, net | 8,776 | 7,199 |
Total property and equipment | 831,771 | 831,429 |
Intangible assets | ||
Right of using facilities | 5,586 | 5,379 |
Goodwill | 1,211 | 854 |
Lease assets | 119 | 75 |
Other intangible assets | 3,085 | 2,912 |
Total intangible assets | 10,002 | 9,222 |
Investments and other assets | ||
Investment securities | 98,625 | 101,642 |
Long-term loans receivable | 549 | 485 |
Deferred tax assets | 18,665 | 16,772 |
Others | 16,607 | 16,858 |
Allowance for doubtful accounts | (385) | (376) |
Total investments and other assets | 134,062 | 135,382 |
Total non-current assets | 975,836 | 976,033 |
Total assets | 1,164,979 | 1,191,131 |
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Nagoya Railroad Co. Ltd. published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 10:31:05 UTC.