TOMY COMPANY, LTD. Translation
Notice: This English version is a translation of the original Japanese document and is only for reference purposes. In the case where any differences occur between the English version and the original Japanese version, the Japanese version will prevail.
February 7, 2022
CONSOLIDATED FINANCIAL RESULTS for the First Nine Months of the
Fiscal Year Ending March 31, 2022
Company name: | TOMY COMPANY, LTD. | |
Listing: | First Section of the Tokyo Stock Exchange | |
Securities identification code: | 7867 | |
URL: | www.takaratomy.co.jp | |
Representative: | Kazuhiro Kojima, Representative Director, President & COO | |
Inquiries: | Goshiro Ito, | |
Executive Officer, Head of Corporate Administrations | ||
TEL: +81-3-5654-1548 (from overseas) | ||
Scheduled date to file quarterly securities report: | February 8, 2022 | |
Scheduled date to commence dividend payments: | - | |
Supplementary material on quarterly financial results: | No | |
Quarterly financial results presentation meeting: | Yes (for institutional investors and analysts) |
(in millions of yen with fractional amounts discarded, unless otherwise noted)
1. Consolidated performance for the first nine months of the fiscal year ending March 31, 2022 (From April 1, 2021 to December 31, 2021)
(1) Consolidated operating results (cumulative)
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||
owners of parent | |||||||||||||
Nine months ended | Millions of | % | Millions of | % | Millions of | % | Millions of | % | |||||
yen | yen | yen | yen | ||||||||||
December 31, 2021 | 131,212 | 18.7 | 13,412 | 70.4 | 13,554 | 81.8 | 9,898 | 80.7 | |||||
December 31, 2020 | 110,515 | (16.3) | 7,872 | (35.5) | 7,456 | (36.9) | 5,477 | (16.9) | |||||
Note: | Comprehensive income | ||||||||||||
Nine months ended December 31, 2021 11,255 million yen | [272.1％] | ||||||||||||
Nine months ended December 31, 2020 | 3,024 million yen | [(53.8)％] | |||||||||||
Basic earnings | Diluted earnings | ||||||||||||
per share | per share | ||||||||||||
Nine months ended | yen | yen | |||||||||||
December 31, 2021 | 106.48 | 106.42 | |||||||||||
December 31, 2020 | 58.14 | 58.11 | |||||||||||
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |||
As of | Millions of yen | Millions of yen | % | yen | ||
December 31, 2021 | 162,279 | 78,022 | 47.9 | 840.33 | ||
March 31, 2021 | 147,614 | 69,928 | 47.1 | 742.45 | ||
Reference: | Equity | |||||
As of December 31, 2021: | 77,718 million yen | |||||
As of March 31, 2021: | 69,534 million yen |
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2. Cash dividends
Annual dividends | ||||||
First quarter-end | Second quarter-end | Third quarter-end | Year-end | Total | ||
yen | yen | yen | yen | yen | ||
Fiscal year ended | - | 7.50 | - | 10.00 | 17.50 | |
March 31, 2021 | ||||||
Fiscal year ending | - | 10.00 | - | |||
March 31, 2022 | ||||||
Fiscal year ending | ||||||
March 31, 2022 | 20.00 | 30.00 | ||||
(Forecast) | ||||||
Note: | Revisions to the cash dividend forecasts most recently announced: Yes |
For the revisions of the dividend forecasts, please refer to "Notice Concerning Revisions of Earnings Forecasts and Dividend Forecasts," announced on February 7, 2022.
3. Consolidated earnings forecasts for the fiscal year ending March 31, 2022
(From April 1, 2021 to March 31, 2022)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic | ||||||
earnings | ||||||||||
owners of parent | ||||||||||
per share | ||||||||||
Millions | % | Millions | % | Millions | % | Millions | % | yen | ||
of yen | of yen | of yen | of yen | |||||||
Fiscal year ending | 160,000 | 13.3 | 11,000 | 55.4 | 11,000 | 53.4 | 7,500 | 39.5 | 80.68 | |
March 31, 2022 | ||||||||||
Note: Revisions to the consolidated earnings forecasts most recently announced: Yes
For the revisions of the dividend forecasts, please refer to "Notice Concerning Revisions of Earnings Forecasts and Dividend Forecasts," announced on February 7, 2022.
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- Notes
- Changes in significant subsidiaries during the nine months under review (changes in specified subsidiaries resulting in the change in scope of consolidation): None
-
Application of specific accounting for preparing quarterly consolidated financial statements: Yes
Note: For more details, please refer to the section of "(4) Notes Regarding Consolidated Financial
Statements, (Application of specific accounting for preparing quarterly consolidated financial statements)" of "2. Consolidated Financial Statements and Significant Notes Thereto" on page 17 of the attached material. - Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards: Yes
- Changes in accounting policies due to other reasons: None
- Changes in accounting estimates: None
- Restatement: None
Note: For more details, please refer to the section of "(4) Notes Regarding Consolidated Financial Statements, (Changes in accounting policies)" of "2. Consolidated Financial Statements and Significant Notes Thereto" on page 17 of the attached material.
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Number of issued shares (common shares)
A. Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2021 | 96,290,850 shares |
As of March 31, 2021 | 96,290,850 shares |
- Number of treasury shares at the end of the period
As of December 31, 2021 | 3,805,354 shares |
As of March 31, 2021 | 2,634,292 shares |
- Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2021 | 92,961,870 shares |
Nine months ended December 31, 2020 | 94,223,086 shares |
- Quarterly financial results reports are exempt from quarterly reviews conducted by certified public accountants or audit corporation.
-
Proper use of earnings forecasts, and other special matters
Regarding future forecasts, please refer to "(3) Explanation of Consolidated Earnings Forecasts and Other Forward-looking Statements," under "1. Qualitative Information Regarding Consolidated Operating Results," on page 10.
A financial results presentation meeting for institutional investors and analysts will be held via telephone conference on February 7, 2022.
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[Attached Material] | ||
(2) | Overview of Financial Position.................................................................................................. | 10 |
(3) | Explanation of Consolidated Earnings Forecasts and Other Forward-looking Statements........ | 10 |
2. | Consolidated Financial Statements and Significant Notes Thereto............................................... | 11 |
(1) | Consolidated Balance Sheet ....................................................................................................... | 11 |
(2) | Consolidated Statement of Income and Consolidated Statement of Comprehensive Income ... | 13 |
(Consolidated statement of income) .............................................................................................. | 13 | |
(Consolidated statement of comprehensive income)..................................................................... | 14 | |
(3) | Consolidated Statement of Cash Flows...................................................................................... | 15 |
(4) | Notes Regarding Consolidated Financial Statements ................................................................ | 17 |
(Notes regarding assumption of going concern)............................................................................ | 17 | |
(Notes on significant changes in the amount of shareholders' equity).......................................... | 17 | |
(Application of specific accounting for preparing quarterly consolidated financial statements) .. | 17 | |
(Changes in accounting policies)................................................................................................... | 17 | |
(Additional information) ............................................................................................................... | 17 | |
(Consolidated statement of income) .............................................................................................. | 19 | |
(Segment information)................................................................................................................... | 20 |
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1. Qualitative Information Regarding Consolidated Operating Results
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Explanation of Operating Results
(Highlights of First Nine Months of the Fiscal Year Ending March 31, 2022)
(Impacts etc. of the novel coronavirus disease (COVID-19))
Although the declaration of a state of emergency issued in April has had prolonged effects due to the expansion of the covered regions and repeated extensions of its duration, this was completely lifted at the end of September and the spread of infection temporarily subsided. Subsequently, the new Omicron variant of COVID-19 was confirmed at the end of the year, causing a sense of uncertainty about the future. In addition, for the TOMY Group, the retail business, such as KIDDY LAND and TOMICA Shop and PLARAIL Shop, and also the event business including TOMICA EXPO and PLARAIL EXPO, were affected by the continuous trend of postponement of movie releases, and the cancellation, postponement, and scaling-down of various events.
The TOMY Group implemented measures to prevent the spread of infections, including continuing remote working to reduce instances of employees leaving their homes and attending workplaces, as well as continuing measures such as the prohibition on overseas business trips and voluntary restraint on domestic business trips.
(Consolidated performance)
• Net sales
Net sales were ¥131,212 million (up 18.7% year on year). This was due to the growth in toy shipments compared to the same period of the previous fiscal year amid various restrictions, despite the lingering effects of the trend of restrictions on consumers' outings in the retail business and the event business, as well as increased popularity of GACHA capsule toys and amusement machines launched by T-ARTS Company Ltd.
In October 2020, the Fat Brain Group, an independent U.S. toy company, became a subsidiary of TOMY International, Inc. and has been included in the scope of consolidation.
TOMICA "Transform! Deluxe Police Station," which automatically transforms the police station building with the touch of a button, gained popularity. PLARAIL launched toys related to "SHINKALION Z," which is the second season of the TV animation series that started airing in April 2021, and the "Packed with popular plays! PLARAIL BEST SELECTION SET." For LICCA series, toys such as "LICCA with smoke and sizzle, lively barbecue" and "Licca Pet Clinic" gained popularity. For the trading card game DUEL MASTERS, products released for the 20th anniversary of the series, performed well. For the Pokémon series, "MONSTER COLLECTION" and other related toys remained robust, while the Pokémon Pikatto Academy Kids PC, a PC for kids that enables them to learn while playing with Pokémon, enjoyed a surge in popularity. In addition, overseas-bound exports of TRANSFORMERS grew mainly in North America and Europe. "Punirunes," the LCD toy launched in July with a new "texture" that allows you to play as if touching "punipuni" characters on the LCD screen directly with your finger, gained great popularity, and sales grew. In addition, for amusement machines, Pokémon Mezastar, which was launched in September 2020, and Waccha PriMagi!, the 10th anniversary product of the Pretty Series that was launched from October 2021, gained popularity. In the GACHA capsule toy business, related products using popular contents were well received amid the increasing market popularity of GACHA capsule toys, and sales increased with the expanded installation of large-scale GACHA sales spaces.
- Profit
Operating profit was ¥13,412 million (up 70.4% year on year), and ordinary profit was ¥13,554 million (up 81.8% year on year). This was mainly attributable to an increase in gross profit due to steady net sales of mainstay toys, GACHA capsule toys and amusement machines, as well as the progress of expense control based on the state of the spread of COVID-19 and in-store sales. In addition, in order to make flexible and efficient use of management resources and strengthen the financial position, the TOMY Group reviewed its assets retained, and then transferred a real estate for office use, which is a non-current asset owned by TOMY (Hong Kong) Ltd., a consolidated subsidiary of the Company. An extraordinary income of ¥1,909 million was therefore recorded as a gain on transfer in the first three months. An extraordinary loss of ¥727 million was also recorded due to factors including the partial
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TOMY Company Ltd. published this content on 07 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2022 08:17:03 UTC.
