Note: This document has been translated from a part of 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.
August 4, 2022
Consolidated Financial Results
for the Three Months Ended June 30, 2022
(Under Japanese GAAP)
Company name: | Nittetsu Mining Co., Ltd. |
Listing: | Tokyo Stock Exchange |
Securities code: | 1515 |
URL: | https://www.nittetsukou.co.jp/ |
Representative: | Reiichi Morikawa, Representative Director and President |
Inquiries: | Shimpei Kitajima, Manager, Account Section, General Accounting Department |
Telephone: | +81-3-3216-5255 |
Scheduled date to file quarterly securities report: | August 12, 2022 |
Scheduled date to commence dividend payments: | - |
Preparation of supplementary material on quarterly financial results: | Yes |
Holding of quarterly financial results briefing: | None |
(Yen amounts are rounded down to millions, unless otherwise noted.)
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 | |||||||||
Three months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |
June 30, 2022 | 40,245 | 8.7 | 5,100 | 4.9 | 6,118 | 14.8 | 3,802 | 21.8 | |
June 30, 2021 | 37,028 | 37.1 | 4,863 | 216.4 | 5,330 | 180.8 | 3,122 | 155.3 | |
Note: Comprehensive income | For the three months ended June 30, 2022: | ¥4,300 million | [14.8%] | |||
For the three months ended June 30, 2021: | ¥3,744 million | [44.9%] | ||||
Earnings | Diluted earnings | |||||
per share | per share | |||||
Three months ended | Yen | Yen | ||||
June 30, 2022 | 457.17 | - | ||||
June 30, 2021 | 375.40 | - | ||||
(2) Consolidated financial position | ||||||
Total assets | Net assets | Capital adequacy ratio | ||||
As of | Millions of yen | Millions of yen | % | |||
June 30, 2022 | 204,540 | 128,328 | 59.6 | |||
March 31, 2022 | 197,732 | 126,371 | 60.7 | |||
Reference: Equity | ||||||
As of June 30, 2022: | ¥121,949 million | |||||
As of March 31, 2022: | ¥120,073 million |
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2. Cash dividends
Annual dividends per share | ||||||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal | Total | ||||
year-end | ||||||||
Yen | Yen | Yen | Yen | Yen | ||||
Fiscal year ended | - | 135.00 | - | 200.00 | 335.00 | |||
March 31, 2022 | ||||||||
Fiscal year ending | - | |||||||
March 31, 2023 | ||||||||
Fiscal year ending | 108.00 | - | 109.00 | 217.00 | ||||
March 31, 2023 | ||||||||
(Forecast) | ||||||||
Note: Revisions to the forecast of the cash dividends most recently announced: None
3. Consolidated financial results forecast for the fiscal 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 attributable to | Earnings | ||||||
owners of parent | per share | |||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | ||
Full year | 150,000 | 0.6 | 11,000 | (30.0) | 11,500 | (30.7) | 6,000 | (35.3) | 721.28 | |
Note: Revisions to the financial results forecast most recently announced: None |
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* Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
- Adoption of accounting treatment specific to the preparation of quarterly 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
(Note) For details, please refer to "2. Quarterly Consolidated Financial Statements and Principal Notes, (3) Notes to Quarterly Consolidated Financial Statements (Changes in Accounting Policies)" on page 8 of the attachment (Japanese only).
(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 | 8,352,319 shares |
As of March 31, 2022 | 8,352,319 shares |
(ii) Number of treasury shares at the end of the period
As of June 30, 2022 | 33,791 shares |
As of March 31, 2022 | 33,794 shares |
- Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2022 | 8,318,537 shares |
Three months ended June 30, 2021 | 8,318,806 shares |
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
- Proper use of earnings forecasts, and other special matters
(Notes on forward-looking statements, etc.)
Financial results forecasts and other forward-looking statements in this document are based on information currently available to the Company and certain assumptions deemed reasonable, and the Company does not guarantee their achievement. Actual performance and other results may be significantly different from the forecasts due to various factors. For details on the assumptions for financial results forecasts and notes on the use of financial results forecasts, etc., refer to "1. Qualitative Information on Quarterly Financial Results, (3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information" on page 3 of the attachment (Japanese only).
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2. Quarterly Consolidated Financial Statements and Principal Notes
(1) Quarterly Consolidated Balance Sheets
(Millions of yen) | |||
As of March 31, 2022 | As of June 30, 2022 | ||
Assets | |||
Current assets | |||
Cash and deposits | 33,224 | 34,299 | |
Notes and accounts receivable - trade, and contract | 30,757 | 30,878 | |
assets | |||
Merchandise and finished goods | 5,825 | 6,409 | |
Work in process | 8,369 | 12,375 | |
Raw materials and supplies | 6,432 | 6,294 | |
Other | 5,543 | 7,313 | |
Allowance for doubtful accounts | (448) | (534) | |
Total current assets | 89,705 | 97,036 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 20,911 | 20,749 | |
Land for general use | 16,299 | 16,308 | |
Other, net | 29,906 | 30,888 | |
Total property, plant and equipment | 67,117 | 67,947 | |
Intangible assets | 3,608 | 3,803 | |
Investments and other assets | |||
Investment securities | 29,172 | 27,229 | |
Other | 8,288 | 8,680 | |
Allowance for doubtful accounts | (151) | (148) | |
Allowance for investment loss | (8) | (9) | |
Total investments and other assets | 37,301 | 35,753 | |
Total non-current assets | 108,027 | 107,504 | |
Total assets | 197,732 | 204,540 |
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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 | 14,627 | 21,907 | |
Short-term loans payable | 15,922 | 15,948 | |
Income taxes payable | 2,939 | 2,532 | |
Provisions | 1,159 | 387 | |
Other | 12,289 | 12,318 | |
Total current liabilities | 46,938 | 53,094 | |
Non-current liabilities | |||
Long-term loans payable | 4,817 | 4,613 | |
Provisions | 309 | 111 | |
Net defined benefit liability | 3,799 | 3,706 | |
Asset retirement obligations | 4,639 | 4,682 | |
Other | 10,856 | 10,002 | |
Total non-current liabilities | 24,422 | 23,117 | |
Total liabilities | 71,360 | 76,211 | |
Net assets | |||
Shareholders' equity | |||
Capital stock | 4,176 | 4,176 | |
Capital surplus | 4,746 | 4,675 | |
Retained earnings | 99,391 | 101,531 | |
Treasury shares | (169) | (169) | |
Total shareholders' equity | 108,145 | 110,213 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 11,974 | 10,616 | |
Deferred gains or losses on hedges | (778) | (167) | |
Foreign currency translation adjustment | 808 | 1,315 | |
Remeasurements of defined benefit plans | (75) | (29) | |
Total accumulated other comprehensive income | 11,928 | 11,735 | |
Non-controlling interests | 6,297 | 6,379 | |
Total net assets | 126,371 | 128,328 | |
Total liabilities and net assets | 197,732 | 204,540 |
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Nittetsu Mining Co. Ltd. published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 04:36:06 UTC.