SHIN NIPPON AIR TECHNOLOGIES CO., LTD. Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Consolidated Financial Results for the Three Months Ended June 30, 2022
[Japanese GAAP]
August 09, 2022 | ||||||||||||||
Company name: | Shin Nippon Air Technologies Co., Ltd. | |||||||||||||
Stock exchange listing: | Tokyo | |||||||||||||
Code number: | 1952 | URL: https://www.snk.co.jp | ||||||||||||
Representative: | Shinji Maekawa, President and Representative Director | |||||||||||||
Contact: | Kiyoshi Inoue, Director, Chief Financial Officer | |||||||||||||
Phone: | 03-3639-2700 | |||||||||||||
Scheduled date of filing quarterly securities report: August 15, 2022 | ||||||||||||||
Scheduled date of commencing dividend payments: - | ||||||||||||||
Availability of supplementary briefing material on quarterly financial results: Yes | ||||||||||||||
Schedule of quarterly financial results briefing session: | No | |||||||||||||
(Amounts of less than one million yen are rounded down) | ||||||||||||||
1. Consolidated Financial Results for the Three Months Ended June 30, 2022 (April 01, 2022 to June 30, 2022) | ||||||||||||||
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||||
owners of parent | ||||||||||||||
Three months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||||
June 30, 2022 | 21,798 | 7.7 | 618 | (58.0) | 1,105 | (37.1) | 682 | (45.5) | ||||||
June 30, 2021 | 20,247 | 8.4 | 1,472 | - | 1,758 | 377.8 | 1,252 | 298.8 |
(Note) Comprehensive income: | Three months ended June 30, 2022: |
Three months ended June 30, 2021: |
¥ | 1,938 million | 118.1% |
¥ | 888 million | (49.3) % |
Basic earnings | Diluted earnings per | ||||||||||||
per share | share | ||||||||||||
Three months ended | Yen | Yen | |||||||||||
June 30, 2022 | 29.28 | 29.17 | |||||||||||
June 30, 2021 | 53.82 | 53.61 | |||||||||||
(2) Consolidated Financial Position | |||||||||||||
Total assets | Net assets | Capital adequacy ratio | Net assets per share | ||||||||||
As of | Million yen | Million yen | % | Yen | |||||||||
June 30, 2022 | 89,591 | 54,469 | 60.7 | 2,330.86 | |||||||||
March 31, 2022 | 99,966 | 53,813 | 53.7 | 2,302.99 | |||||||||
(Reference) Equity: | As of June 30, 2022: | ¥ | 54,362 million | ||||||||||
As of March 31, 2022: | ¥ | 53,698 million | |||||||||||
2. Dividends | |||||||||||||
Annual dividends | |||||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Year-end | Total | |||||||||
Yen | Yen | Yen | Yen | Yen | |||||||||
Fiscal year ended March 31, 2022 | - | 20.00 | - | 55.00 | 75.00 | ||||||||
Fiscal year ending March 31, 2023 | - | ||||||||||||
Fiscal year ending March 31, 2023(Forecast) | 20.00 | - | 55.00 | 75.00 | |||||||||
(Note) Revision to the forecast for dividends announced most recently: | No | ||||||||||||
(Note) Breakdown of the 1st quarter dividend for the fiscal year ending March 31, 2023 : Special dividend | 10.00 | yen |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023(April 01, 2022 to March 31, 2023)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | |||||||
owners of parent | per share | ||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |||
Full year | 115,000 | 7.8 | 6,500 | (5.5) | 6,900 | (6.3) | 4,600 | (14.9) | 197.24 | ||
(Note) Revision to the financial results forecast announced most recently: | No |
― 1 ―
* Notes: | |||
(1) | Changes in significant subsidiaries during the three months ended June 30, 2022 | ||
(changes in specified subsidiaries resulting in changes in scope of consolidation): | No | ||
(2) | Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: | No | |
(3) | Changes in accounting policies, changes in accounting estimates and retrospective restatement | ||
1) | Changes in accounting policies due to the revision of accounting standards: | No | |
2) | Changes in accounting policies other than 1) above: | No | |
3) | Changes in accounting estimates: | No | |
4) | Retrospective restatement: | No |
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
June 30, 2022: | 24,282,225 | shares | |
March 31, 2022: | 24,282,225 | shares | |
2) | Total number of treasury shares at the end of the period: | ||
June 30, 2022: | 959,359 | shares | |
March 31, 2022: | 965,524 | shares | |
3) | Average number of shares during the period: | ||
Three months ended June 30, 2022: | 23,321,342 | shares | |
Three months ended June 30, 2021: | 23,273,258 | shares |
― 2 ―
Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets
(Million yen) | ||||
As of March 31,2022 | As of June 30,2022 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 15,566 | 13,151 | ||
Notes receivable, accounts receivable from | 52,912 | 41,338 | ||
completed construction contracts and other | ||||
Electronically recorded monetary claims - | 1,940 | 2,826 | ||
operating | ||||
Costs on construction contracts in progress | 1,333 | 2,055 | ||
Other inventories | 45 | 39 | ||
Other | 1,824 | 2,051 | ||
Allowance for doubtful accounts | (283) | (221) | ||
Total current assets | 73,338 | 61,241 | ||
Non-current assets | ||||
Property, plant and equipment | ||||
Buildings and structures, net | 1,774 | 1,735 | ||
Other, net | 926 | 910 | ||
Total property, plant and equipment | 2,701 | 2,646 | ||
Intangible assets | 703 | 692 | ||
Investments and other assets | ||||
Investment securities | 21,278 | 23,138 | ||
Retirement benefit asset | 128 | 119 | ||
Deferred tax assets | 245 | 223 | ||
Other | 1,759 | 1,801 | ||
Allowance for doubtful accounts | (190) | (271) | ||
Total investments and other assets | 23,222 | 25,010 | ||
Total non-current assets | 26,627 | 28,349 | ||
Total assets | 99,966 | 89,591 |
― 3 ―
(Million yen) | ||||
As of March 31,2022 | As of June 30,2022 | |||
Liabilities | ||||
Current liabilities | ||||
Notes payable, accounts payable for construction | 27,239 | 18,939 | ||
contracts | ||||
Electronically recorded obligations - operating | 3,118 | 3,399 | ||
Short-term borrowings | 4,144 | 1,823 | ||
Income taxes payable | 1,423 | 192 | ||
Advances received on construction contracts in | 2,486 | 3,086 | ||
progress | ||||
Provision for loss on construction contracts | 555 | 687 | ||
Provisions | 249 | 191 | ||
Other | 4,716 | 3,738 | ||
Total current liabilities | 43,934 | 32,057 | ||
Non-current liabilities | ||||
Deferred tax liabilities | 1,877 | 2,717 | ||
Retirement benefit liability | 277 | 280 | ||
Other | 63 | 67 | ||
Total non-current liabilities | 2,218 | 3,065 | ||
Total liabilities | 46,153 | 35,122 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 5,158 | 5,158 | ||
Capital surplus | 6,913 | 6,911 | ||
Retained earnings | 34,282 | 33,683 | ||
Treasury shares | (1,528) | (1,518) | ||
Total shareholders' equity | 44,826 | 44,234 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale | 8,477 | 9,770 | ||
securities | ||||
Foreign currency translation adjustment | 394 | 357 | ||
Total accumulated other comprehensive income | 8,871 | 10,127 | ||
Share acquisition rights | 114 | 106 | ||
Total net assets | 53,813 | 54,469 | ||
Total liabilities and net assets | 99,966 | 89,591 |
― 4 ―
Quarterly Consolidated Statements of Income and Comprehensive Income | ||
Quarterly Consolidated Statements of Income (For the three months) | ||
(Million yen) | ||
For the three months | For the three months | |
ended June 30,2021 | ended June 30,2022 | |
Net sales of completed construction contracts | 20,247 | 21,798 |
Cost of sales of completed construction contracts | 17,153 | 19,348 |
Gross profit on completed construction contracts | 3,094 | 2,450 |
Selling, general and administrative expenses | 1,621 | 1,831 |
Operating profit | 1,472 | 618 |
Non-operating income | ||
Interest income | 11 | 13 |
Dividend income | 208 | 237 |
Foreign exchange gains | 61 | 233 |
Other | 13 | 14 |
Total non-operating income | 294 | 500 |
Non-operating expenses | ||
Interest expenses | 5 | 4 |
Electricity sale expenses | - | 5 |
Other | 3 | 4 |
Total non-operating expenses | 8 | 13 |
Ordinary profit | 1,758 | 1,105 |
Extraordinary income | ||
Gain on sale of non-current assets | 73 | - |
Total extraordinary income | 73 | - |
Profit before income taxes | 1,832 | 1,105 |
Income taxes - current | 93 | 134 |
Income taxes - deferred | 485 | 288 |
Total income taxes | 579 | 422 |
Profit | 1,252 | 682 |
Profit attributable to owners of parent | 1,252 | 682 |
― 5 ―
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Shin Nippon Air Technologies Co. Ltd. published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 05:55:02 UTC.
