Consolidated Eleven-Year Financial Summary | 2 |
Management Discussion and Analysis of | |
Operating Results and Financial Position | 4 |
Consolidated Balance Sheets | 10 |
Consolidated Statements of Income | 12 |
Consolidated Statements of Comprehensive Income | 13 |
Consolidated Statements of Changes in Net Assets | 13 |
Consolidated Statements of Cash Flows | 16 |
Notes to the Consolidated Financial Statements | 17 |
Independent Auditor's Report | 42 |
TOPPAN Financial Report 2023 | 1 |
Consolidated Eleven-Year Financial Summary
Toppan Inc. and Subsidiaries
Years ended March 31
2013 | 2014 | 2015 | 2016 | 2017 | |
FOR THE YEAR | |||||
Net sales | ¥ 1,502,308 | ¥ 1,532,043 | ¥ 1,526,915 | ¥ 1,474,682 | ¥ 1,431,595 |
Cost of sales | 1,253,965 | 1,280,004 | 1,272,460 | 1,209,281 | 1,162,202 |
% of net sales | 83.5% | 83.5% | 83.3% | 82.0% | 81.2% |
Selling, general and administrative | 216,251 | 216,317 | 213,578 | 216,869 | 217,792 |
expenses | |||||
% of net sales | 14.4% | 14.1% | 14.0% | 14.7% | 15.2% |
Operating profit | 32,092 | 35,722 | 40,877 | 48,532 | 51,601 |
% of net sales | 2.1% | 2.3% | 2.7% | 3.3% | 3.6% |
Profit before income taxes | 38,849 | 40,735 | 46,405 | 52,968 | 60,229 |
Profit (loss) attributable to owners of parent | 18,562 | 20,621 | 22,868 | 35,245 | 32,536 |
% of net sales | 1.2% | 1.3% | 1.5% | 2.4% | 2.3% |
% of assets | 1.2% | 1.2% | 1.2% | 1.8% | 1.7% |
% of equity | 2.5% | 2.7% | 2.7% | 3.8% | 3.3% |
Per share of common stock (yen and dollars) | |||||
Earnings (losses) per share (basic) | ¥ 28.90 | ¥ 32.12 | ¥ 35.67 | ¥ 55.04 | ¥ 50.75 |
Earnings (losses) per share (diluted) | - | 31.10 | 31.96 | 49.34 | 48.01 |
Cash dividends per share | 18.00 | 18.00 | 18.00 | 18.00 | 20.00 |
Research and development expenses | ¥ 20,689 | ¥ 19,821 | ¥ 19,084 | ¥ 17,975 | ¥ 19,368 |
Capital expenditures | 76,827 | 72,177 | 76,138 | 63,203 | 64,990 |
Depreciations | 67,965 | 62,473 | 61,176 | 59,692 | 58,536 |
AT YEAR-END | |||||
Current assets | ¥ 800,645 | ¥ 836,681 | ¥ 924,728 | ¥ 852,207 | ¥ 884,928 |
Current liabilities | 453,121 | 420,152 | 515,536 | 462,106 | 431,713 |
Working capital | 347,524 | 416,529 | 409,192 | 390,101 | 453,215 |
Cash and cash equivalents | 256,058 | 287,690 | 335,911 | 292,676 | 295,126 |
Property, plant and equipment, net of | 552,511 | 553,291 | 566,125 | 537,977 | 526,581 |
depreciation | |||||
Long-term indebtedness | 224,041 | 299,588 | 254,345 | 208,340 | 226,130 |
Total assets | 1,633,066 | 1,712,351 | 1,994,642 | 1,876,575 | 1,997,909 |
Net assets | 888,422 | 913,108 | 1,082,844 | 1,066,852 | 1,171,959 |
Equity ratio | 46.3% | 45.7% | 46.8% | 49.8% | 51.0% |
Debt-equity ratio | 38.9% | 42.1% | 38.3% | 30.1% | 24.7% |
OTHER STATISTICS | |||||
Number of employees | 48,878 | 48,751 | 48,999 | 46,705 | 50,705 |
Number of common shares issued | 699,412 | 699,412 | 699,412 | 699,412 | 699,412 |
(thousands of shares) | |||||
Number of consolidated subsidiaries | 167 | 154 | 151 | 146 | 150 |
* U.S. dollar amounts are translated from yen at the rate of ¥133.53=US$1.00, as of March 31, 2023.
2 TOPPAN Financial Report 2023
Thousands of | |||||||
Millions of yen | U.S. dollars* except | ||||||
except per share data | per share data | ||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | |
¥ 1,452,752 | ¥1,464,756 | ¥1,486,008 | ¥1,466,935 | ¥1,547,533 | ¥1,638,833 | $12,273,144 | |
1,178,447 | 1,189,828 | 1,185,871 | 1,165,533 | 1,212,769 | 1,276,671 | 9,560,930 | |
81.1% | 81.2% | 79.8% | 79.5% | 78.4% | 77.9% | ||
222,015 | 229,201 | 233,723 | 242,612 | 261,258 | 285,525 | 2,138,283 | |
15.3% | 15.6% | 15.7% | 16.5% | 16.9% | 17.4% | ||
52,290 | 45,727 | 66,414 | 58,790 | 73,505 | 76,636 | 573,923 | |
3.6% | 3.1% | 4.5% | 4.0% | 4.7% | 4.7% | ||
65,484 | 65,187 | 134,855 | 130,020 | 180,943 | 109,558 | 820,474 | |
42,268 | 41,049 | 87,048 | 81,998 | 123,182 | 60,866 | 455,822 | |
2.9% | 2.8% | 5.9% | 5.6% | 8.0% | 3.7% | ||
2.0% | 1.9% | 4.0% | 3.6% | 5.3% | 2.7% | ||
3.9% | 3.6% | 7.4% | 6.5% | 9.2% | 4.5% | ||
¥ 131.32 | ¥ 127.55 | ¥ 261.06 | ¥ 237.16 | ¥ 365.21 | ¥ 185.07 | $ 1.38 | |
124.26 | 120.67 | - | - | - | - | - | |
40.00 | 40.00 | 60.00 | 40.00 | 44.00 | 46.00 | 0.34 | |
¥ 19,426 | ¥ 17,838 | ¥ 19,268 | ¥ 22,348 | ¥ 26,081 | ¥ 26,591 | $ 199,138 | |
72,015 | 68,581 | 86,419 | 60,855 | 58,202 | 92,106 | 689,777 | |
60,219 | 60,285 | 55,953 | 63,002 | 64,195 | 70,800 | 530,217 | |
¥ 843,084 | ¥ 863,768 | ¥ 902,759 | ¥1,066,995 | ¥1,050,734 | ¥1,106,082 | $ 8,283,396 | |
409,021 | 467,837 | 489,985 | 436,492 | 496,094 | 467,394 | 3,500,292 | |
434,063 | 395,931 | 412,774 | 630,503 | 554,640 | 638,688 | 4,783,104 | |
273,334 | 272,990 | 296,873 | 497,238 | 414,265 | 447,607 | 3,352,108 | |
555,649 | 553,732 | 600,528 | 571,779 | 580,255 | 597,301 | 4,473,159 | |
243,451 | 198,397 | 183,135 | 283,582 | 188,309 | 184,243 | 1,379,787 | |
2,147,932 | 2,194,216 | 2,143,455 | 2,363,504 | 2,288,188 | 2,238,817 | 16,766,397 | |
1,303,674 | 1,328,875 | 1,310,233 | 1,453,165 | 1,437,207 | 1,452,169 | 10,875,226 | |
52.9% | 53.2% | 55.2% | 56.0% | 59.7% | 59.2% | ||
22.6% | 23.5% | 22.1% | 25.2% | 19.2% | 18.0% | ||
51,210 | 51,712 | 52,599 | 52,401 | 54,336 | 53,946 | ||
349,706 | 349,706 | 349,706 | 349,706 | 349,706 | 349,706 | ||
155 | 162 | 194 | 195 | 207 | 219 | ||
Note 1: The Company implemented a share consolidation, effective October 1, 2018, on the basis of consolidating two shares of common stock into one. As a result, the "Earnings | |||||||
(losses) per share (basic)" and the "Earnings (losses) per share (diluted)" as well as the "Cash dividends per share" have been recalculated assuming that the consolidation was | |||||||
carried out at the beginning of the year ended March 31, 2018. | |||||||
Note 2: The Company has adopted the Partial Amendments to Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28, February 16, 2018) from the year ended | |||||||
March 31, 2019. The figures for the year ended March 31, 2018 have been reclassified to conform with the presentation for the year ended March 31, 2019. | |||||||
Note 3: In the year ended March 31, 2020, the provisional accounting treatment related to business combinations was finalized. Accordingly, the figures for the year ended March 31, 2019 | |||||||
have been adjusted retroactively to reflect the finalization of the provisional accounting treatment. | |||||||
Note 4: The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020) and others have been applied from the beginning of the year ended March 31, | |||||||
2022, and the key consolidated management indices, etc., for the year ended March 31, 2022 onward are those after the application of such accounting standards and others. | |||||||
TOPPAN Financial Report 2023 | 3 |
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Toppan Inc. published this content on 30 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2023 10:23:06 UTC.