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 Year Ended March 31, 2021
(Based on Japanese GAAP)
Company name: | SAN-AI OIL CO., LTD. | ||
Stock exchange listing: | Tokyo | ||
Stock code: | 8097 | URL http://www.san-ai-oil.co.jp/ | |
Representative: | Representative Director, President | Yukio Tsukahara | |
Inquiries: | General Manager, General Accounting | Eiichi Nonaka | |
Department | |||
Scheduled date of ordinary general meeting of shareholders: | June 29, 2021 | ||
Scheduled date to file Securities Report: | June 30, 2021 | ||
Scheduled date to commence dividend payments: | June 30, 2021 | ||
Preparation of supplementary material on financial results: | No | ||
Holding of financial results meeting: | No |
May 13, 2021
TEL 03-6880-3100
(Amounts less than one million yen are rounded down) | |||||||||||||||||||||
1. Consolidated financial results for the year ended March 31, 2021 (from April 1, 2020 to March 31, 2021) | |||||||||||||||||||||
(1) Consolidated operating results | 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 | % | ||||||||||||||
Year ended March 31, 2021 | 473,899 | (29.0) | 8,592 | (21.7) | 10,001 | (16.2) | 7,053 | (13.6) | |||||||||||||
Year ended March 31, 2020 | 667,929 | (8.1) | 10,971 | 0.1 | 11,940 | (0.5) | 8,164 | 12.5 | |||||||||||||
Earnings per share | Diluted earnings per | Profit attributable to | Ordinary profit/total | Operating profit/net | |||||||||||||||||
share | owners of | assets | sales | ||||||||||||||||||
parent/equity | |||||||||||||||||||||
Yen | Yen | % | % | % | |||||||||||||||||
Year ended March 31, 2021 | 101.57 | - | 7.2 | 5.5 | 1.8 | ||||||||||||||||
Year ended March 31, 2020 | 117.02 | - | 8.7 | 6.0 | 1.6 | ||||||||||||||||
(2) Consolidated financial position | |||||||||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||||||||||
Millions of yen | Millions of yen | % | Yen | ||||||||||||||||||
As of March 31, 2021 | 187,245 | 106,468 | 54.2 | 1,471.07 | |||||||||||||||||
As of March 31, 2020 | 179,224 | 98,786 | 52.5 | 1,349.61 | |||||||||||||||||
(3) Consolidated cash flows | |||||||||||||||||||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash equivalents | ||||||||||||||||||
operating activities | investing activities | financing activities | at end of period | ||||||||||||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | ||||||||||||||||||
Year ended March 31, 2021 | 9,014 | (4,415) | (5,458) | 36,467 | |||||||||||||||||
Year ended March 31, 2020 | (10,858) | (4,303) | (4,062) | 37,326 | |||||||||||||||||
2. Cash dividends | |||||||||||||||||||||
Annual dividends per share | Total cash | Dividend payout | Ratio of dividends | ||||||||||||||||||
to net assets | |||||||||||||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | dividends (Total) | ratio (Consolidated) | (Consolidated) | ||||||||||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | ||||||||||||||
Year ended March 31, 2020 | - | 14.00 | - | 14.00 | 28.00 | 1,953 | 23.9 | 2.1 | |||||||||||||
Year ended March 31, 2021 | - | 14.00 | - | 14.00 | 28.00 | 1,942 | 27.6 | 2.0 | |||||||||||||
Year ending March 31, 2022 | - | 14.00 | - | 14.00 | 28.00 | 25.8 | |||||||||||||||
(Forecast) | |||||||||||||||||||||
1
3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | ||||||||
owners of parent | ||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||||
Full year | 470,000 | (0.8) | 10,000 | 16.4 | 10,500 | 5.0 | 7,500 | 6.3 | 108.72 | |||
4. Notes | ||||||||||||
(1) Changes in significant subsidiaries during the year ended March 31, 2021 | No | |||||||||||
(changes in specified subsidiaries resulting in the change in scope of consolidation): | ||||||||||||
(2) 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 |
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2021 | 71,000,000 | shares | As of March 31, 2020 | 71,000,000 | shares | |
Number of treasury shares at the end of the period | ||||||
As of March 31, 2021 | 2,015,903 | shares | As of March 31, 2020 | 1,226,236 | shares | |
Average number of shares during the period | ||||||
Year ended March 31, 2021 | 69,448,335 | shares | Year ended March 31, 2020 | 69,774,108 | shares |
2
Consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of March 31, 2020 | As of March 31, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 37,047 | 36,737 | |
Notes and accounts receivable - trade | 34,446 | 37,116 | |
Securities | 500 | - | |
Merchandise and finished goods | 4,754 | 5,709 | |
Work in process | 123 | 69 | |
Raw materials and supplies | 90 | 91 | |
Other | 1,388 | 1,858 | |
Allowance for doubtful accounts | (410) | (441) | |
Total current assets | 77,939 | 81,141 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures | 66,520 | 67,885 | |
Accumulated depreciation | (45,184) | (46,678) | |
Buildings and structures, net | 21,335 | 21,207 | |
Machinery, equipment and vehicles | 32,542 | 33,981 | |
Accumulated depreciation | (25,458) | (26,107) | |
Machinery, equipment and vehicles, net | 7,084 | 7,873 | |
Land | 19,590 | 19,303 | |
Leased assets | 2,833 | 3,072 | |
Accumulated depreciation | (1,128) | (1,236) | |
Leased assets, net | 1,704 | 1,836 | |
Construction in progress | 1,711 | 301 | |
Other | 3,872 | 4,189 | |
Accumulated depreciation | (3,000) | (3,171) | |
Other, net | 871 | 1,017 | |
Total property, plant and equipment | 52,297 | 51,539 | |
Intangible assets | |||
Goodwill | 532 | 1,354 | |
Customer-related assets | - | 1,272 | |
Software in progress | - | 146 | |
Other | 1,167 | 1,343 | |
Total intangible assets | 1,700 | 4,116 | |
Investments and other assets | |||
Investment securities | 18,893 | 20,104 | |
Long-term loans receivable | 18 | 13 | |
Deferred tax assets | 752 | 797 | |
Retirement benefit asset | 1,633 | 3,593 | |
Guarantee deposits | 25,255 | 25,283 | |
Other | 832 | 754 | |
Allowance for doubtful accounts | (98) | (98) | |
Total investments and other assets | 47,286 | 50,448 | |
Total non-current assets | 101,284 | 106,103 | |
Total assets | 179,224 | 187,245 |
3
(Millions of yen) | |||
As of March 31, 2020 | As of March 31, 2021 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 39,744 | 42,706 | |
Short-term borrowings | 200 | 270 | |
Current portion of long-term borrowings | 2,601 | 3,129 | |
Lease obligations | 444 | 480 | |
Income taxes payable | 3,115 | 1,743 | |
Provision for bonuses | 1,800 | 1,707 | |
Provision for bonuses for directors (and other officers) | 104 | 69 | |
Provision for warranties for completed construction | 0 | 0 | |
Provision for loss on construction contracts | 5 | - | |
Asset retirement obligations | 1 | 94 | |
Other | 11,668 | 10,851 | |
Total current liabilities | 59,688 | 61,055 | |
Non-current liabilities | |||
Long-term borrowings | 7,361 | 4,764 | |
Lease obligations | 1,425 | 1,523 | |
Deferred tax liabilities | 2,788 | 4,269 | |
Deferred tax liabilities for land revaluation | 809 | 809 | |
Provision for retirement benefits for directors (and other | 150 | 154 | |
officers) | |||
Provision for special repairs | 183 | 170 | |
Retirement benefit liability | 233 | 224 | |
Asset retirement obligations | 639 | 592 | |
Other | 7,158 | 7,213 | |
Total non-current liabilities | 20,749 | 19,722 | |
Total liabilities | 80,437 | 80,777 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 10,127 | 10,127 | |
Capital surplus | 4,288 | 4,286 | |
Retained earnings | 79,612 | 84,698 | |
Treasury shares | (1,386) | (2,287) | |
Total shareholders' equity | 92,641 | 96,824 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 2,077 | 4,407 | |
Revaluation reserve for land | (368) | (353) | |
Remeasurements of defined benefit plans | (183) | 602 | |
Total accumulated other comprehensive income | 1,525 | 4,655 | |
Non-controlling interests | 4,619 | 4,987 | |
Total net assets | 98,786 | 106,468 | |
Total liabilities and net assets | 179,224 | 187,245 |
4
Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income
(Millions of yen) | |||
Fiscal year ended | Fiscal year ended | ||
March 31, 2020 | March 31, 2021 | ||
Net sales | |||
Net sales of goods | 663,424 | 469,911 | |
Net sales of completed construction contracts | 4,504 | 3,987 | |
Total net sales | 667,929 | 473,899 | |
Cost of sales | |||
Cost of goods sold | 611,654 | 422,458 | |
Cost of sales of completed construction contracts | 4,108 | 3,607 | |
Total cost of sales | 615,762 | 426,065 | |
Gross profit | 52,166 | 47,833 | |
Selling, general and administrative expenses | 41,194 | 39,241 | |
Operating profit | 10,971 | 8,592 | |
Non-operating income | |||
Interest income | 217 | 199 | |
Dividend income | 646 | 468 | |
Light oil delivery tax grant | 145 | 150 | |
Compensation income | 131 | 138 | |
Subsidy income | - | 319 | |
Subsidies for employment adjustment | - | 219 | |
Other | 308 | 372 | |
Total non-operating income | 1,449 | 1,868 | |
Non-operating expenses | |||
Interest expenses | 344 | 252 | |
Provision of allowance for doubtful accounts | 1 | 0 | |
Office relocation expenses | 48 | 49 | |
Other | 86 | 158 | |
Total non-operating expenses | 481 | 460 | |
Ordinary profit | 11,940 | 10,001 | |
Extraordinary income | |||
Gain on sale of non-current assets | 1,641 | 38 | |
Gain on sale of investment securities | 2 | 1,547 | |
Total extraordinary income | 1,644 | 1,585 | |
Extraordinary losses | |||
Loss on sale and retirement of non-current assets | 401 | 369 | |
Impairment losses | 115 | 260 | |
Loss on sale of investment securities | 0 | 39 | |
Loss on valuation of investment securities | 124 | - | |
Total extraordinary losses | 641 | 669 | |
Profit before income taxes | 12,943 | 10,917 | |
Income taxes - current | 4,802 | 3,473 | |
Income taxes - deferred | (351) | 20 | |
Total income taxes | 4,450 | 3,493 | |
Profit | 8,492 | 7,423 | |
Profit attributable to non-controlling interests | 327 | 369 | |
Profit attributable to owners of parent | 8,164 | 7,053 |
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SAN-AI OIL Co. Ltd. published this content on 21 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 May 2021 07:02:01 UTC.