Summary of Business Results for the
Year Ended December 31, 2021 (J-GAAP) (Consolidated)
February 10, 2022 | ||||||||||||||||||||||||
Company | Segue Group Co., Ltd. | Stock Exchange: Tokyo Stock Exchange | ||||||||||||||||||||||
Stock Code | 3968 | URL:https://segue-g.jp/ | ||||||||||||||||||||||
Representative | Yasuyuki Aisu, President and CEO | |||||||||||||||||||||||
Contact | Yasuhiro Fukuda, CFO | T E L: +81-3-6228-3822 | ||||||||||||||||||||||
Expected date of annual shareholders' meeting: March 24, 2022 | Expected starting date of dividend payment: March 25, 2022 | |||||||||||||||||||||||
Expected date of filing of annual securities report: March 25, 2022 | ||||||||||||||||||||||||
Preparation of supplementary financial document: Yes | ||||||||||||||||||||||||
Results briefing: Yes (for institutional investors and analysts) | ||||||||||||||||||||||||
(Rounded down to million yen) | ||||||||||||||||||||||||
1. Consolidated business results for the fiscal year ended December 2021 | ||||||||||||||||||||||||
(January 1, 2021 through December 31, 2021) | ||||||||||||||||||||||||
(1) Consolidated results of operations | (Percentages indicate year-over-year changes) | |||||||||||||||||||||||
Net sales | Operating income | Ordinary income | Net income attributable to | |||||||||||||||||||||
owners of parent | ||||||||||||||||||||||||
FY 2021 | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||||||||||||||
12,038 | 9.5 | 638 | -24.3 | 686 | -21.5 | 454 | -28.3 | |||||||||||||||||
FY 2020 | 10,992 | 14.0 | 843 | 53.9 | 874 | 57.7 | 634 | 54.1 | ||||||||||||||||
(Note) Comprehensive | income: | |||||||||||||||||||||||
FY 2021: 379 million yen (-34.8%) | ||||||||||||||||||||||||
FY 2020: 581 million yen (56.5%) | ||||||||||||||||||||||||
Net income | Diluted net income | Return on | Ratio of ordinary | Ratio of operating | ||||||||||||||||||||
income to total | ||||||||||||||||||||||||
per share | per share | equity | income to net sales | |||||||||||||||||||||
assets | ||||||||||||||||||||||||
FY 2021 | Yen | Yen | % | % | % | |||||||||||||||||||
39.62 | 39.07 | 14.5 | 8.7 | 5.3 | ||||||||||||||||||||
FY 2020 | 55.62 | 54.40 | 21.5 | 13.1 | 7.7 | |||||||||||||||||||
(Reference) Investment | earnings/loss on equity- | method: | ||||||||||||||||||||||
FY 2021: -million yen | ||||||||||||||||||||||||
FY 2020: -million yen | ||||||||||||||||||||||||
(2) Consolidated financial position | ||||||||||||||||||||||||
Total assets | Net assets | Shareholders' equity | Net assets per | |||||||||||||||||||||
ratio | share | |||||||||||||||||||||||
FY 2021 | Million yen | Million yen | % | Yen | ||||||||||||||||||||
8,625 | 3,199 | 36.5 | 279.50 | |||||||||||||||||||||
FY 2020 | 7,191 | 3,172 | 43.7 | 274.91 | ||||||||||||||||||||
(Reference) Shareholders' equity: | ||||||||||||||||||||||||
FY 2021: 3,144 million yen | ||||||||||||||||||||||||
FY 2020: 3,142 million yen | ||||||||||||||||||||||||
(3) Consolidated results of cash flows | ||||||||||||||||||||||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash equivalents | |||||||||||||||||||||
operating activities | investing activities | financing activities | at the end of period | |||||||||||||||||||||
FY 2021 | Million | yen | Million | yen | Million | yen | Million | yen | ||||||||||||||||
-151 | -254 | 17 | 1,351 | |||||||||||||||||||||
FY 2020 | 163 | -401 | -216 | 1,726 |
2. Dividends
Annual dividend | Total | Payout ratio | Ratio of | |||||||
End of | End of | End of | dividends | dividend paid | ||||||
Year-end | Total | (consolidated) | to net assets | |||||||
1Q | 2Q | 3Q | paid (total) | |||||||
(consolidated) | ||||||||||
Yen | Yen | Yen | Yen | Yen | Yen | % | Yen | |||
FY 2020 | - | 0.00 | - | 16.00 | 16.00 | 184 | 29.2 | 6.2 | ||
FY 2021 | - | 0.00 | - | 16.00 | 16.00 | 182 | 40.0 | 5.8 | ||
FY 2022 (forecast) | - | 0.00 | - | 16.00 | 16.00 | 34.7 |
3.Forecast of consolidated business results for the year ending December 2022
(January 1, 2022 through December 31, 2022) | (Percentages indicate year-over-year changes) | ||||||||
Net sales | Operating income | Ordinary income | Net income attributable to | Net income | |||||
owners of parent | per share | ||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
Full year | 13,300 | 10.5 | 760 | 19.0 | 760 | 10.8 | 520 | 14.3 | 46.68 |
*Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes in the scope of consolidation): None
- Changes in accounting policies, accounting estimates and restatement
① Changes in accounting policies associated with revision of accounting standards:
② Changes in accounting policies other than ①
③ Changes in accounting estimates
④ Restatement
- Shares outstanding (common stock)
- Number of shares outstanding at the end of period (treasury stock included)
FY 2021 | 11,640,235 shares |
FY 2020 | 11,557,035 shares |
- Treasury stock at the end of period:
FY 2021 | 389,889 shares |
FY 2020 | 127,589 shares |
- Average number of stock during period (cumulative period)
FY 2021 | 11,475,283 shares |
FY 2020 | 11,401,730 shares |
- None
- None
- Yes
- None
*Financial summary is not subject to auditing procedures by certified public accountants or auditing firms.
*Explanation regarding appropriate use of business forecasts and other special instructions
・Forecasts regarding future performance in this material are based on information currently available to the company and certain assumptions that the company deems to be reasonable at the time this report was prepared. The Company does not promise about the achivement. Actual results may differ significantly from the forecasts due to various factors.
・The Company plans to hold a results briefing for institutional investors and analysts on Thursday, February 24, 2022. The materials distributed at the results meeting are scheduled to be posted on the Company's website promptly after the meeting.
3. Consolidated Financial Statements and Major Notes
(1) Consolidated balance sheets
(Thousand yen) | |||
FY 2020 | FY 2021 | ||
(December 31, 2020) | (December 31, 2021) | ||
Assets | |||
Current assets | |||
Cash and deposits | 1,727,426 | 1,351,896 | |
Notes and accounts receivable | 2,088,973 | 1,885,831 | |
Electronically recorded monetary claims | 87,262 | 192,585 | |
Inventories | 821,751 | 2,376,649 | |
Advance payments - trade | 549,329 | 568,623 | |
Accounts receivable - other | 428,133 | 650,197 | |
Other | 104,756 | 211,462 | |
Allowance for doubtful accounts | -872 | -672 | |
Total current assets | 5,806,761 | 7,236,574 | |
Noncurrent assets | |||
Property, plant and equipment | |||
Buildings and structures | 78,366 | 72,295 | |
Accumulated depreciation | -45,686 | -30,226 | |
Buildings and structures, net | 32,679 | 42,068 | |
Automotive equipment | 3,076 | 3,076 | |
Accumulated depreciation | -2,668 | -2,799 | |
Vehicles, net | 407 | 276 | |
Tools, furniture and fixtures | 949,448 | 929,541 | |
Accumulated depreciation | -788,270 | -763,037 | |
Tools, furniture and fixtures, net | 161,177 | 166,503 | |
Land | 639 | 639 | |
Total property, plant and equipment | 194,904 | 209,488 | |
Intangible assets | |||
Goodwill | 92,213 | 68,543 | |
Software | 140,484 | 96,256 | |
Software in progress | 7,517 | - | |
Other | 1,209 | 1,209 | |
Total intangible assets | 241,424 | 166,009 | |
Investments and other assets | |||
Investment securities | 602,732 | 665,372 | |
Long-term guarantee deposits | 128,223 | 116,129 | |
Deferred tax assets | 109,306 | 119,841 | |
Insurance funds | 85,256 | 90,791 | |
Claims in bankruptcy | 1,447 | - | |
Other | 22,911 | 21,092 | |
Allowance for doubtful accounts | -1,339 | - | |
Total investments and other assets | 948,538 | 1,013,227 | |
Total noncurrent assets | 1,384,867 | 1,388,725 | |
Total assets | 7,191,628 | 8,625,300 |
3
(Thousand yen) | |||
FY 2020 | FY 2021 | ||
(December 31, 2020) | (December 31, 2021) | ||
Liabilities | |||
Current liabilities | |||
Accounts payable-trade | 804,759 | 1,605,773 | |
Short-term debt | - | 500,000 | |
Current portion of long-term loans payable | 8,028 | 1,830 | |
Accounts payable | 105,145 | 89,648 | |
Accrued expenses | 186,495 | 196,954 | |
Income taxes payable | 247,765 | 107,196 | |
Accrued consumption taxes | 133,890 | 58,967 | |
Provision for bonuses | 2,000 | 2,897 | |
Provision for bonuses for directors (and other | - | 2,775 | |
officers) | |||
Advances received | 2,183,623 | 2,472,648 | |
Other | 61,829 | 62,434 | |
Total current liabilities | 3,733,537 | 5,101,125 | |
Long-term liabilities | |||
Long-term debt | 1,830 | - | |
Retirement benefit liability | 201,421 | 222,713 | |
Provision for share-based remuneration | 15,553 | 35,676 | |
Long-term accounts payable - other | 66,598 | 66,598 | |
Total long-term liabilities | 285,402 | 324,988 | |
Total liabilities | 4,018,940 | 5,426,113 | |
Net assets | |||
Shareholders' equity | |||
Capital stock | 510,772 | 514,766 | |
Capital surplus | 283,272 | 287,266 | |
Retained earnings | 2,393,965 | 2,665,851 | |
Treasury shares | -100,252 | -302,514 | |
Total shareholders' equity | 3,087,757 | 3,165,371 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 55,168 | -22,551 | |
Deferred gains or losses on hedges | -805 | 1,673 | |
Total accumulated other comprehensive income | 54,362 | -20,877 | |
Share subscription rights | 30,567 | 54,693 | |
Total net assets | 3,172,688 | 3,199,186 | |
Total liabilities and net assets | 7,191,628 | 8,625,300 |
4
- Consolidated Statements of Income and Statements of Comprehensive Income Consolidated Statement of Income
(Thousand yen) | |||
FY 2020 | FY 2021 | ||
(January 1, 2020- | (January 1, 2021- | ||
December 31, 2020) | December 31, 2021) | ||
Net sales | 10,992,813 | 12,038,775 | |
Cost of sales | 7,900,291 | 8,947,162 | |
Gross profit | 3,092,522 | 3,091,612 | |
Selling, general and administrative expenses | 2,248,904 | 2,452,900 | |
Operating income | 843,618 | 638,711 | |
Non-operating income | |||
Interest income and dividends | 2,934 | 2,077 | |
Foreign exchange gain | - | 29,529 | |
Surrender value of insurance | 5,029 | 5,246 | |
Employment adjustment subsidy | 6,240 | - | |
Subsidy income | 10,669 | 3,513 | |
Compensation income | - | 9,595 | |
Other | 7,159 | 4,713 | |
Total non-operating income | 32,033 | 54,675 | |
Non-operating expenses | |||
Interest expenses | 121 | 228 | |
Guarantee commission | 240 | 277 | |
Foreign exchange loss | 754 | - | |
Stock issuance cost | 360 | 270 | |
Expenses for customer compensation, etc. | - | 6,436 | |
Other | 13 | 84 | |
Total non-operating expenses | 1,490 | 7,297 | |
Ordinary income | 874,160 | 686,090 | |
Extraordinary income | |||
Gains on sales of investment securities | 65,850 | 56,447 | |
Total extraordinary income | 65,850 | 56,447 | |
Extraordinary loss | |||
Investment securities | - | 32,350 | |
Ceremony cancellation related costs | 1,964 | - | |
Total extraordinary loss | 1,964 | 32,350 | |
Profit before income taxes | 938,046 | 710,186 | |
Income taxes | 320,484 | 250,133 | |
Income taxes-deferred | -16,604 | 5,295 | |
Total income tax | 303,880 | 255,429 | |
Net income | 634,165 | 454,757 | |
Net income attributable to owners of non-controlling | - | - | |
shareholders | |||
Net income attributable to owners of parent | 634,165 | 454,757 |
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Segue Group Co. Ltd. published this content on 03 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2022 03:19:03 UTC.