Disclaimer:
This financial report is solely a translation of the "Kessan Tanshin" (in Japanese, including attachments), which has been prepared in accordance with accounting principles and practices generally accepted in Japan, for the convenience of readers who prefer an English translation.
January 25, 2023
SB Technology Corp.
Consolidated Financial Report for the Third Quarter of Fiscal Year Ending March 31, 2023
(Nine Months Ended December 31, 2022)
[Japanese GAAP]
Company name: SB Technology Corp. (Tokyo Stock Exchange/Code No. 4726)
(URLhttps://www.softbanktech.co.jp/) | ||
Representative: | Shinichi Ata, President & CEO | |
Contact: | Masaaki Okazaki, Member of the Board, Executive Vice President & CFO | |
Phone: +81-3-6892-3063 | ||
Scheduled date of filing of Quarterly Report: | February 13, 2023 | |
Scheduled date of payment of dividend: | - | |
Preparation of supplementary materials for quarterly financial results: Yes | ||
Holding of quarterly financial results meeting: | Yes (for institutional investors and analysts) |
(All amounts are rounded down to the nearest million yen)
1. Consolidated Financial Results for the Nine months Ended December 31, 2022 (April 1, 2022 - December 31, 2022)
(1) Consolidated Results of Operations | (Percentages represent year-on-year changes) | ||||||||
Net sales | Operating income | Ordinary income | Profit attributable to | ||||||
owners of parent | |||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||
Nine months ended Dec. 31, 2022 | 48,231 | 1.3 | 3,541 | △3.2 | 3,489 | △3.7 | 2,108 | △3.6 | |
Nine months ended Dec. 31, 2021 | 47,626 | - | 3,660 | - | 3,622 | - | 2,187 | - |
Note: Comprehensive income (million yen)
Nine months ended Dec. 31, 2022: | 2,301 | (down 33.0%) |
Nine months ended Dec. 31, 2021: | 3,435 | (-%) |
Net income per share | Diluted net income per share | |
Yen | Yen | |
Nine months ended Dec. 31, 2022 | 105.32 | 104.36 |
Nine months ended Dec. 31, 2021 | 108.10 | 106.75 |
Note: Effective from the beginning of the fiscal year ended March 2022, the Company has adopted the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29), etc., and accordingly, the consolidated results above for the fiscal year ended March 2022 is the amount after the adoption of the said accounting standard, etc.
(2) Consolidated Financial Position
Total assets | Net assets | Shareholders' equity | Net assets per share | ||
ratio | |||||
Million yen | Million yen | % | Yen | ||
As of Dec. 31, 2022 | 41,116 | 23,647 | 51.3 | 1,061.63 | |
As of Mar. 31, 2022 | 44,365 | 23,379 | 47.5 | 1,039.71 | |
Reference: Shareholders' equity (million yen) | As of Dec.31, 2022: 21,090 | As of Mar. 31, 2022: 21,062 |
2. Dividends
Dividends per share | ||||||
1Q-end | 2Q-end | 3Q-end | Year-end | Total | ||
Yen | Yen | Yen | Yen | Yen | ||
Fiscal year ended Mar. 31, 2022 | - | 20.00 | - | 30.00 | 50.00 | |
Fiscal year ending Mar.31, 2023 | - | 25.00 | - | |||
Fiscal year ending Mar. 31, 2023 (forecast) | 25.00 | 50.00 |
Note: Revisions to the most recently announced dividend forecast: None
3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2023 (April 1, 2022 - March 31, 2023)
(Percentages represent year-on-year changes)
Net sales | Operating income | Ordinary income | Profit attributable to | Net income per share | ||||||
owners of parent | ||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | ||
Full year | 67,000 | 1.2 | 5,400 | 4.8 | 5,380 | 4.8 | 3,400 | △6.4 | 169.84 |
Note: Revisions to the most recently announced consolidated forecast: Yes
* Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes in scope of consolidation): None
- Application of special accounting for presenting quarterly consolidated financial statements: None
- Changes in accounting policies and accounting estimates, and restatements
- Changes in accounting policies due to revisions in accounting standards, others: Yes
- Changes in accounting policies other than i. above: None
- Changes in accounting estimates: None
- Restatements: None
- Number of outstanding shares (common stock)
- Number of shares outstanding at the end of the period (including treasury shares)
As of Dec.31, 2022: | 22,757,800shares | As of Mar. 31, 2022: | 22,742,800shares |
- Number of treasury shares at the end of the period
As of Dec.31, 2022: | 2,891,430shares | As of Mar. 31, 2022: | 2,484,351shares |
iii. Average number of shares outstanding during the period | |||
Nine months ended Dec.31, 2022: | 20,019,152shares | Nine months ended Dec. 31, 2021: | 20,235,495shares |
- This consolidated financial report is not subject to quarterly review procedures by a certified public accountant or audit company.
- Explanation for appropriate use of operating forecasts, and other special items
Cautionary statement with respect to forward-looking statements
Forecasts regarding future performance in this report are based on assumptions based upon valid and other reasonable information available to the Company at the time this report was created. This report is not promised by the Company regarding future performance. The actual performance may differ significantly from these forecasts for a variety of reasons.
How to view supplementary information at the financial results meeting
The Company plans to hold the financial results meeting (online) for institutional investors and analysts on Wednesday, January 25, 2023.Supplementary materials for financial results will be disclosed, using the Timely Disclosure network (TDnet), and will be available on the Company's website (https://www.softbanktech.co.jp/corp/ir/).
SB Technology Corp. (4726) Financial Report
For the nine-month period ended December 31, 2022
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 | 8,762 | 8,903 | ||
Notes and accounts receivable - trade, and contract assets | 22,290 | 19,071 | ||
Merchandise | 66 | 126 | ||
Other | 3,207 | 3,522 | ||
Allowance for doubtful accounts | △0 | △0 | ||
Total current assets | 34,326 | 31,623 | ||
Non-current assets | ||||
Property, plant and equipment | ||||
Buildings, net | 739 | 703 | ||
Tools, furniture and fixtures, net | 916 | 845 | ||
Other, net | 5 | 420 | ||
Total property, plant and equipment | 1,661 | 1,969 | ||
Intangible assets | ||||
Goodwill | 1,093 | 900 | ||
Software | 2,553 | 2,375 | ||
Software in progress | 461 | 727 | ||
Customer relationships | 262 | 207 | ||
Other | 116 | 93 | ||
Total intangible assets | 4,486 | 4,305 | ||
Investments and other assets | ||||
Investment securities | 625 | 655 | ||
Deferred tax assets | 1,309 | 722 | ||
Other | 1,953 | 1,838 | ||
Total investments and other assets | 3,888 | 3,216 | ||
Total non-current assets | 10,036 | 9,491 | ||
Deferred assets | ||||
Share issuance costs | 2 | 1 | ||
Total deferred assets | 2 | 1 | ||
Total assets | 44,365 | 41,116 | ||
- 1 -
SB Technology Corp. (4726) Financial Report
For the nine-month period ended December 31, 2022
(Millions of yen) | ||||
As of March 31, 2022 | As of December 31, 2022 | |||
Liabilities | ||||
Current liabilities | ||||
Accounts payable - trade | 7,528 | 5,616 | ||
Current portion of long-term borrowings | 394 | 318 | ||
Lease liabilities | 19 | 17 | ||
Accounts payable - other | 4,719 | 4,825 | ||
Income taxes payable | 1,379 | 279 | ||
Contract liabilities | 1,835 | 2,731 | ||
Provision for bonuses | 1,876 | 644 | ||
Provision for bonuses for directors (and other officers) | - | 71 | ||
Provision for loss on order received | 403 | 249 | ||
Provision for defect repair | 16 | - | ||
Asset retirement obligations | 24 | - | ||
Other | 699 | 1,097 | ||
Total current liabilities | 18,896 | 15,851 | ||
Non-current liabilities | ||||
Long-term borrowings | 799 | 565 | ||
Lease liabilities | 96 | 83 | ||
Deferred tax liabilities | 26 | 18 | ||
Contract liabilities | 709 | 485 | ||
Retirement benefit liability | 53 | 58 | ||
Asset retirement obligations | 334 | 336 | ||
Other | 69 | 69 | ||
Total non-current liabilities | 2,088 | 1,617 | ||
Total liabilities | 20,985 | 17,469 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 1,254 | 1,270 | ||
Capital surplus | 1,567 | 1,615 | ||
Retained earnings | 19,789 | 20,793 | ||
Treasury shares | △1,555 | △2,600 | ||
Total shareholders' equity | 21,055 | 21,079 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale securities | 2 | 5 | ||
Foreign currency translation adjustment | 4 | 6 | ||
Total accumulated other comprehensive income | 7 | 11 | ||
Share acquisition rights | 279 | 305 | ||
Non-controlling interests | 2,037 | 2,251 | ||
Total net assets | 23,379 | 23,647 | ||
Total liabilities and net assets | 44,365 | 41,116 | ||
- 2 -
SB Technology Corp. (4726) Financial Report
For the nine-month period ended December 31, 2022
- Quarterly Consolidated Statements of Income and Comprehensive Income (For the Nine-month Period)
(Millions of yen) | |||
Nine months ended | Nine months ended | ||
December 31, 2021 | December 31, 2022 | ||
Net sales | 47,626 | 48,231 | |
Cost of sales | 37,683 | 37,661 | |
Gross profit | 9,943 | 10,569 | |
Selling, general and administrative expenses | 6,282 | 7,028 | |
Operating profit | 3,660 | 3,541 | |
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method Subsidy income
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Donations
Foreign exchange losses
Commission expenses
Miscellaneous losses
Total non-operating expenses
Ordinary profit
Extraordinary income
0 | 0 | |||
0 | 2 | |||
5 | 3 | |||
10 | - | |||
5 | 15 | |||
21 | 22 | |||
11 | 6 | |||
10 | 10 | |||
17 | 25 | |||
- | 20 | |||
19 | 12 | |||
58 | 74 | |||
3,622 | 3,489 | |||
Gain on sale of investment securities | 5 | - | ||
Compensation income | - | 16 | ||
Gain on reversal of share acquisition rights | - | 17 | ||
Subsidiaries directors' retirement allowance repayment gain | 18 | - | ||
Total extraordinary income | 24 | 34 | ||
Extraordinary losses | ||||
Impairment losses | 4 | - | ||
Subsidiary company head office transfer cost | 5 | - | ||
Salaries and allowance for prior periods | 17 | - | ||
Total extraordinary losses | 27 | - | ||
Profit before income taxes | 3,619 | 3,523 | ||
Income taxes - current | 844 | 647 | ||
Income taxes - deferred | 432 | 578 | ||
Total income taxes | 1,276 | 1,226 | ||
Profit | 2,342 | 2,297 | ||
- 3 -
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
SoftBank Technology Corporation published this content on 25 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2023 06:46:01 UTC.