TOENEC CORPORATION 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.
April 28, 2023
[Summary] Consolidated Financial Results
for the Year Ended March 31, 2023
[Japanese GAAP]
Company name: | TOENEC CORPORATION |
Stock exchange listing: | Tokyo, Nagoya |
Code number: | 1946 |
URL: | https://www.toenec.co.jp/english/ |
Representative: | Yuzo Fujita, President and Director Chief Executive Officer |
Contact: | Toshihiko Ogura, Executive Officer General Manager Finance & Accounting Division |
Phone: | +81-52-219-1916 |
Scheduled date of Annual General Meeting of Shareholders: | June 28, 2023 |
Scheduled date of commencing dividend payments: | June 29, 2023 |
Scheduled date of filing annual securities report: | June 29, 2023 |
Availability of supplementary briefing material on annual financial results: | No |
Schedule of annual financial results briefing session: | No |
(Amounts of less than one million yen are rounded down)
1. Consolidated financial results for the fiscal year ended March 31, 2023 (April 1, 2022 to March 31, 2023)
(1) Consolidated operating results | (% indicates changes from the previous corresponding period.) | ||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||
owners of parent | |||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |
March 31, 2023 | 232,053 | 5.7 | 10,287 | (26.9) | 8,983 | (32.9) | (5,548) | - | |
March 31, 2022 | 219,617 | 1.8 | 14,072 | (9.3) | 13,394 | (2.4) | 8,283 | (6.2) | |
(Note) Comprehensive income: | Fiscal year ended March 31, 2023: | ¥(6,897) million | [-%] | ||||||
Fiscal year ended March 31, 2022: | ¥9,130 million | [(27.8)%] | |||||||
Basic earnings | Diluted earnings | Rate of return on | Ordinary profit to | Operating profit to | |||||
per share | per share | equity | total assets ratio | net sales ratio | |||||
Fiscal year ended | Yen | Yen | % | % | % | ||||
March 31, 2023 | (296.83) | - | (4.6) | 3.0 | 4.4 | ||||
March 31, 2022 | 443.23 | - | 6.7 | 4.4 | 6.4 | ||||
(Reference) Equity in earnings (losses) of affiliated companies: | |
Fiscal year ended March 31, 2023: | ¥75 million |
Fiscal year ended March 31, 2022: | ¥747 million |
(2) Consolidated financial position
Total assets | Net assets | Capital adequacy ratio | Net assets per share | |
As of | Million yen | Million yen | % | Yen |
March 31, 2023 | 300,172 | 117,193 | 39.0 | 6,267.16 |
March 31, 2022 | 301,599 | 126,596 | 42.0 | 6,772.38 |
(Reference) Equity: | |
As of March 31, 2023: | ¥117,159 million |
As of March 31, 2022: | ¥126,570 million |
(3) Consolidated cash flows
Cash flows from | Cash flows from | Cash flows from | Cash and cash | |
equivalents at the end of | ||||
operating activities | investing activities | financing activities | ||
period | ||||
Fiscal year ended | Million yen | Million yen | Million yen | Million yen |
March 31, 2023 | 12,640 | (2,119) | (8,358) | 30,601 |
March 31, 2022 | 5,943 | 2,969 | (27,522) | 28,424 |
2. Dividends
Annual dividends | Payout | Dividends | |||||||
Total | to net | ||||||||
1st | 2nd | 3rd | ratio | ||||||
Year-end | Total | dividends | assets | ||||||
quarter-end | quarter-end | quarter-end | (consolidated) | ||||||
(consolidated) | |||||||||
Yen | Yen | Yen | Yen | Yen | Million yen | % | % | ||
Fiscal year ended | - | 45.00 | - | 90.00 | 135.00 | 2,523 | 30.5 | 2.0 | |
March 31, 2022 | |||||||||
Fiscal year ended | - | 45.00 | - | 50.00 | 95.00 | 1,775 | - | 1.5 | |
March 31, 2023 | |||||||||
Fiscal year ending | - | 60.00 | - | 70.00 | 130.00 | 30.4 | |||
March 31, 2024 | |||||||||
(Forecast) | |||||||||
3. Consolidated financial results forecast for the fiscal year ending March 31, 2024 (April 1, 2023 to March 31, 2024)
(% 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 | ||
Six months ending | 120,000 | 11.5 | 6,800 | 42.6 | 6,400 | 55.3 | 4,400 | - | 235.37 | |
September 30, 2023 | ||||||||||
Full year | 245,000 | 5.6 | 13,000 | 26.4 | 12,000 | 33.6 | 8,000 | - | 427.94 | |
* Notes:
-
Changes in significant subsidiaries during the period under review
(changes in specified subsidiaries resulting in changes in scope of consolidation): No - Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: No
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
March 31, 2023
March 31, 2022
19,329,990 shares
19,329,990 shares
- Total number of treasury shares at the end of the period:
March 31, 2023
March 31, 2022
635,825 shares
640,758 shares
- Average number of shares during the period:
Fiscal year ended March 31, 2023
Fiscal year ended March 31, 2022
18,692,720 shares
18,689,603 shares
(Reference) Summary of non-consolidated financial results
1. Non-consolidated financial results for the fiscal year ended March 31, 2023 (April 1, 2022 to March 31, 2023)
(1) Non-consolidated operating results
Net sales | Operating profit | Ordinary profit | Net income | ||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||
March 31, 2023 | 207,618 | 5.0 | 8,373 | (31.4) | 7,412 | (32.9) | (6,502) | - | |||
March 31, 2022 | 197,749 | 0.7 | 12,202 | (8.6) | 11,053 | (9.7) | 6,724 | (7.8) | |||
Basic earnings | Diluted earnings | ||||||||||
per share | per share | ||||||||||
Fiscal year ended | Yen | Yen | |||||||||
March 31, 2023 | (347.86) | - | |||||||||
March 31, 2022 | 359.80 | - | |||||||||
(2) Non-consolidated financial position
Total assets | Net assets | Capital adequacy ratio | Net assets per share | ||
As of | Million yen | Million yen | % | Yen | |
March 31, 2023 | 268,781 | 95,637 | 35.6 | 5,115.88 | |
March 31, 2022 | 274,375 | 104,789 | 38.2 | 5,606.94 | |
(Reference) Equity | |||||
As of March 31, 2023: | ¥95,637 million | ||||
As of March 31, 2022: | ¥104,789 million |
2. Non-consolidated financial results forecast for the fiscal year ending March 31, 2024 (April 1, 2023 to March 31, 2024)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Net income | Basic earnings | |||||||
per share | |||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |||
Six months ending | 108,000 | 11.7 | 6,200 | 53.8 | 5,800 | 52.6 | 4,000 | - | 213.97 | ||
September 30, 2023 | |||||||||||
Full year | 220,000 | 6.0 | 11,500 | 37.3 | 10,500 | 41.7 | 7,000 | - | 374.45 | ||
- Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
-
Proper use of earnings forecasts, and other special matters
The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Consequently, any statements herein do not constitute assurances regarding actual results by the Company. Actual business and other results may differ substantially due to various factors.
Consolidated Financial Statements
Consolidated Balance Sheets
(Million yen) | ||
As of March 31, 2022 | As of March 31, 2023 | |
Assets | ||
Current assets | ||
Cash and deposits | 29,015 | 30,101 |
Deposits paid | 1,500 | 1,700 |
Notes receivable, accounts receivable from | 69,521 | 79,887 |
completed construction contracts and other | ||
Costs on construction contracts in progress | 6,577 | 6,787 |
Raw materials and supplies | 3,177 | 3,505 |
Merchandise | 111 | 117 |
Other | 3,458 | 3,673 |
Allowance for doubtful accounts | (90) | (138) |
Total current assets | 113,270 | 125,633 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 58,341 | 58,171 |
Machinery, vehicles, tools, furniture and fixtures | 113,655 | 116,256 |
Land | 31,633 | 31,897 |
Construction in progress | 9,634 | 401 |
Accumulated depreciation | (67,373) | (74,796) |
Total property, plant and equipment | 145,891 | 131,931 |
Intangible assets | ||
Goodwill | 1,253 | 940 |
Other | 2,793 | 3,121 |
Total intangible assets | 4,047 | 4,061 |
Investments and other assets | ||
Investment securities | 28,877 | 28,405 |
Deferred tax assets | 4,868 | 6,871 |
Other | 6,511 | 6,662 |
Allowance for doubtful accounts | (1,869) | (3,393) |
Total investments and other assets | 38,389 | 38,546 |
Total non-current assets | 188,328 | 174,538 |
Total assets | 301,599 | 300,172 |
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Disclaimer
Toenec Corporation published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 06:46:09 UTC.
