TAIHEI DENGYO KAISHA, LTD. Consolidated Financial Statements for the Three Months Ended June 30, 2021 [Japanese GAAP]
August 5, 2021
Company name: TAIHEI DENGYO KAISHA, LTD.
Stock exchange listing: Tokyo Stock Exchange
Code number: 1968
URL: https://www.taihei-dengyo.co.jp/
Representative: Jo Nojiri, Representative Director, President and Chief Executive Officer
Contact: Shinya Kusaka, Director and Senior Executive Officer/General Manager, General Affairs Administrative Division
Phone: +81-3-5213-7211
Scheduled date of filing quarterly report: August 6, 2021
Scheduled date of commencing dividend payments: -
Preparation of supplementary explanatory materials: No
Quarterly financial results briefing: No
(Amounts of less than one million yen are rounded down.)
1. Consolidated Results for the Three Months Ended June 30, 2021 (April 1, 2021 - June 30, 2021)
(1) Consolidated Operating Results (Cumulative) | (% 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, 2021 | 28,957 | 10.1 | 2,296 | 30.4 | 3,506 | 76.7 | 2,416 | 101.2 | |||||||||||||||
June 30, 2020 | 26,311 | 13.0 | 1,761 | (14.1) | 1,984 | (7.0) | 1,201 | (15.3) | |||||||||||||||
(Note) Comprehensive income: Three months ended June 30, 2021: 2,562 million yen [61.7%] | |||||||||||||||||||||||
Three months ended June 30, 2020: 1,585 million yen [34.8%] | |||||||||||||||||||||||
Basic earnings per share | Diluted earnings per share | ||||||||||||||||||||||
Three months ended | Yen | Yen | |||||||||||||||||||||
June 30, 2021 | 127.20 | - | |||||||||||||||||||||
June 30, 2020 | 63.26 | - | |||||||||||||||||||||
(2) Consolidated Financial Position | |||||||||||||||||||||||
Total assets | Net assets | Equity-to-asset ratio | |||||||||||||||||||||
Million yen | Million yen | % | |||||||||||||||||||||
As of June 30, 2021 | 125,733 | 74,100 | 58.0 | ||||||||||||||||||||
As of March 31, 2021 | 128,757 | 73,113 | 55.9 | ||||||||||||||||||||
(Reference) Equity: As of June 30, 2021: 72,925 million yen | |||||||||||||||||||||||
As of March 31, 2021: 71,936 million yen | |||||||||||||||||||||||
2. Cash Dividends | |||||||||||||||||||||||
Annual dividends | |||||||||||||||||||||||
1st quarter-end | 2nd quarter- end | 3rd quarter-end | Year-end | Total | |||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | |||||||||||||||||||
Year ended | |||||||||||||||||||||||
March 31, 2021 | - | - | - | 80.00 | 80.00 | ||||||||||||||||||
Year ending | |||||||||||||||||||||||
March 31, 2022 | - | ||||||||||||||||||||||
Year ending | |||||||||||||||||||||||
March 31, 2022 | - | - | 100.00 | 100.00 | |||||||||||||||||||
(Forecast) |
(Note) Changes from the most recent dividends forecast: None
3. Forecast of Consolidated Results for the Fiscal Year Ending March 31, 2022 (April 1, 2021 - March 31, 2022)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable | Basic earnings | |||||
to owners of parent | per share | ||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
Full year | 127,000 | (0.6) | 7,000 | (5.4) | 8,800 | 5.7 | 5,700 | 1.5 | 300.02 |
(Note) Changes from the most recent results forecast: None
* Notes:
- Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in scope of consolidation): None
- Application of special accounting methods for preparing quarterly consolidated financial statements: None
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: Yes
- Changes in accounting policies other than 1) above: None
- Changes in accounting estimates: None
- Retrospective restatement: None
(Note) For details, please see "Changes in accounting policies" on page 8 of the attached materials.
- Total number of shares issued and outstanding (common shares)
-
Number of shares issued and outstanding at the end of the period (including treasury shares): June 30, 2021: 20,341,980 shares
March 31, 2021: 20,341,980 shares - Number of treasury shares at the end of the period:
-
Number of shares issued and outstanding at the end of the period (including treasury shares): June 30, 2021: 20,341,980 shares
June 30, 2021: 1,343,371 shares
March 31, 2021: 1,343,371 shares
-
Average number of shares during the period (cumulative from the beginning of the fiscal year): June 30, 2021: 18,998,609 shares
June 30, 2020: 18,987,192 shares
-
Average number of shares during the period (cumulative from the beginning of the fiscal year): June 30, 2021: 18,998,609 shares
- These financial results are outside the scope of quarterly review by certified public accountants or audit corporations.
- Explanation of the proper use of performance forecast and other notes
The earnings forecast and other forward-looking statements herein are based on the information currently available and certain assumptions deemed reasonable by the Company, and thus actual results may differ significantly from these forecasts due to a wide range of factors.
TAIHEI DENGYO KAISHA, LTD. (1968) | ||
Financial Results for the Three Months Ended June 30, 2021 [Japanese GAAP] | ||
Table of Contents | ||
1. Qualitative Information on Quarterly Financial Results .................................................................................. | 2 | |
(1) | Explanation of Operating Results ................................................................................................................ | 2 |
(2) | Explanation of Financial Position ................................................................................................................ | 3 |
(3) | Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information ............ | 3 |
2. Quarterly Consolidated Financial Statements and Primary Notes ................................................................... | 4 | |
(1) | Quarterly Consolidated Balance Sheet......................................................................................................... | 4 |
(2) | Quarterly Consolidated Statement of Income and Comprehensive Income................................................. | 6 |
(3) | Notes to Quarterly Consolidated Financial Statements................................................................................ | 8 |
(Notes on going concern assumption) ..................................................................................................... | 8 | |
(Notes in case of significant changes in shareholders' equity)................................................................ | 8 | |
(Changes in accounting policies) ........................................................................................................... | 8 | |
(Segment information, etc.)..................................................................................................................... | 9 | |
(Significant subsequent events)............................................................................................................... | 9 |
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TAIHEI DENGYO KAISHA, LTD. (1968)
Financial Results for the Three Months Ended June 30, 2021 [Japanese GAAP]
1. Qualitative Information on Quarterly Financial Results
(1) Explanation of Operating Results
The outlook remains unclear for the Japanese economy in the consolidated cumulative first quarter, as consumer spending and corporate activity have continued to be limited due to priority preventative measures and intermittent declarations of states of emergency by the government to prevent the spread of COVID-19.
Under these circumstances, in the consolidated cumulative first quarter, orders received amounted to 21,786 million yen (an increase of 11.8% YoY) and net sales amounted to 28,957 million yen (an increase of 10.1% YoY) including 1,364 million yen (a decrease of 21.4% YoY) for overseas works.
Regarding profits, operating profit amounted to 2,296 million yen (an increase of 30.4% YoY), ordinary profit amounted to 3,506 million yen (an increase of 76.7% YoY) and profit attributable to owners of parent amounted to 2,416 million yen (an increase of 101.2% YoY).
The "Accounting Standard for Revenue Recognition" (Accounting Standards Board of Japan (ASBJ) Statement No. 29; March 31, 2020) and others have been applied from the beginning of the first quarter of the consolidated fiscal year under review. Details are stated in "2. Quarterly Consolidated Financial Statements and Primary Notes, (3) Notes to Quarterly Consolidated Financial Statements, (Changes in accounting policies)."
Performance results by business segment are as follows.
(Construction Segment)
Orders received amounted to 6,262 million yen (an increase of 121.6% YoY, composition ratio: 28.7%). Orders received in works for thermal power plants for business use and works for environmental preservation plants increased, resulting in an increase for the overall segment.
Net sales amounted to 11,849 million yen (an increase of 1.9% YoY, composition ratio: 40.9%). Despite a decrease in that for works for thermal power plants for business use and works for environmental preservation plants, net sales of works for thermal power plants for private use and works for iron and steel-related plants increased, resulting in an increase for the overall segment. Segment profit amounted to 717 million yen (an increase of 33.4% YoY).
(Maintenance and Renovation Segment)
Orders received amounted to 15,524 million yen (a decrease of 6.8% YoY, composition ratio: 71.3%). Despite an increase in orders received in works for thermal power plants for business use and for works for thermal power plants for private use, orders for works for nuclear power plants and works for environmental preservation plants decreased, resulting in a decrease for the overall segment.
Net sales amounted to 17,107 million yen (an increase of 16.5% YoY, composition ratio: 59.1%). Despite a decrease in that for works for iron and steel-related plants, net sales of works for thermal power plants for business use and works for thermal power plants for private use increased, resulting in an increase for the overall segment. Segment profit amounted to 2,446 million yen (an increase of 19.7% YoY).
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TAIHEI DENGYO KAISHA, LTD. (1968)
Financial Results for the Three Months Ended June 30, 2021 [Japanese GAAP]
- Explanation of Financial Position
- Assets
Current assets amounted to 90,976 million yen, down 3,531 million yen from the end of the previous consolidated fiscal year. This was due mainly to a decrease of 6,166 million yen in notes receivable, accounts receivable from completed construction contracts, and contract assets despite an increase of 2,828 million yen in costs on construction contracts in progress.
Non-current assets amounted to 34,756 million yen, up 508 million yen from the end of the previous consolidated fiscal year. This was due mainly to an increase of 332 million yen in investments and other assets.
-
Liabilities
Current liabilities amounted to 36,929 million yen, down 3,558 million yen from the end of the previous
consolidated fiscal year. This was due mainly to a decrease of 2,602 million yen in other current liabilities. Non-current liabilities amounted to 14,703 million yen, down 452 million yen from the end of the
previous consolidated fiscal year. This was due mainly to a decrease of 421 million yen in long-term borrowings.
-
Net assets
Net assets amounted to 74,100 million yen, up 987 million yen from the end of the previous consolidated
fiscal year. This was due mainly to an increase of 841 million yen in retained earnings.
(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information
There is no change to the consolidated financial results forecast for the full year from the forecast announced on May 14, 2021, in the "Consolidated Financial Statements for the Fiscal Year Ended March 31, 2021."
Forward-looking statements, such as performance forecasts, made in this document are based on information currently available to the Company and certain assumptions deemed reasonable, and actual results, etc. may differ significantly due to various factors.
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Taihei Dengyo Kaisha Ltd. published this content on 24 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2021 06:03:03 UTC.
