Current assets
CONSOLIDATED BALANCE SHEETSQ2/FY2016 FY2015
Sep 30, 2016 Mar 31, 2016
(Thousands of yen)
Inc/(Dec)
Cash and deposits | 4,027,155 | 4,055,233 | (28,078) |
Receivables: | |||
Notes and accounts receivable-trade | 8,553,773 | 8,440,987 | 112,786 |
Allowance for doubtful accounts | (14,852) | (15,764) | 912 |
Inventories | 5,374,541 | 5,384,944 | (10,403) |
Other | 1,390,892 | 1,301,429 | 89,463 |
Total current assets | 19,331,509 | 19,166,829 | 164,680 |
Noncurrent assets
Net property, plant and equipment | 7,106,033 | 7,427,107 | (321,074) |
Intangible assets | 671,721 | 721,441 | (49,720) |
Investments and other non-current assets | 2,054,776 | 2,133,082 | (78,306) |
Total noncurrent assets | 9,832,530 | 10,281,630 | (449,100) |
Total assets | 29,164,039 | 29,448,459 | (284,420) |
Current liabilities
Q2/FY2016 FY2015
Sep 30, 2016 Mar 31, 2016
Inc/(Dec)
Notes and accounts payable-trade | 4,363,761 | 3,925,945 | 437,816 |
Short-term loans payable | 1,363,098 | 1,509,912 | (146,814) |
Income taxes payable | 153,354 | 65,983 | 87,371 |
Provision for bonuses | 474,310 | 384,034 | 90,276 |
Other | 2,129,716 | 2,025,577 | 104,139 |
Total current liabilities | 8,484,239 | 7,911,451 | 572,788 |
Noncurrent liabilities
Long-term loans payable | 1,600,000 | 1,600,000 | - |
Provision for product warranties | 56,582 | 103,681 | (47,099) |
Net defined benefit liability | 288,469 | 301,239 | (12,770) |
Other | 602,164 | 581,274 | 20,890 |
Total noncurrent liabilities | 2,547,215 | 2,586,194 | (38,979) |
Total liabilities | 11,031,454 | 10,497,645 | 533,809 |
Shareholders' equity
Capital stock | 3,996,269 | 3,996,269 | - |
Capital surplus | 3,981,928 | 3,981,928 | - |
Retained earnings | 10,849,183 | 10,602,678 | 246,505 |
Treasury stock | (990,210) | (991,475) | 1,265 |
Total shareholders' equity | 17,837,170 | 17,589,400 | 247,770 |
Valuation and translation adjustments
Valuation difference on available-for-sale securities | 167,653 | 201,384 | (33,731) |
Foreign currency translation adjustment | (237,783) | 819,060 | (1,056,843) |
Remeasurements of defined benefit plans | 340,725 | 320,526 | 20,199 |
Total valuation and translation adjustments | 270,595 | 1,340,970 | (1,070,375) |
Subscription rights to shares | 24,820 | 20,444 | 4,376 |
Total net assets | 18,132,585 | 18,950,814 | (818,229) |
Total liabilities and net assets | 29,164,039 | 29,448,459 | (284,420) |
Q2/FY2016 Q2/FY2015
Apr'16-Sep'16 Apr'15-Sep'15
Inc/(Dec)
Net sales
Costs and expenses
Cost of sales
20,937,127 19,432,679 1,504,448
16,818,226 16,028,733 789,493
Selling, general and administrative expenses | 2,996,259 | 2,954,217 | 42,042 |
19,814,485 | 18,982,950 | 831,535 | |
Operating income | 1,122,642 | 449,729 | 672,913 |
Other income (expenses) | |||
Interest and dividends income | 18,539 | 22,633 | (4,094) |
Interest expenses | (22,525) | (16,313) | (6,212) |
Foreign exchange gains (losses), net | (448,996) | (88,093) | (360,903) |
Product warranties expenses | - | (297,277) | 297,277 |
Other | (19,607) | 7,786 | (27,393) |
(472,589) | (371,264) | (101,325) | |
Income before income taxes | 650,053 | 78,465 | 571,588 |
Income taxes | |||
Income taxes-current | 264,732 | 141,867 | 122,865 |
Income taxes-deferred | (17,545) | 64,922 | (82,467) |
Total income taxes | 247,187 | 206,789 | 40,398 |
Profit (loss) | 402,866 | (128,324) | 531,190 |
Profit (loss) attributable to non-controlling interests | (4,263) | - | (4,263) |
Profit (loss) attributable to owners of parent | 407,129 | (128,324) | 535,453 |
Amounts per share of common stock:
Net income Diluted net income
20.35 (6.41) 26.76
- - -
Cash dividends applicable to the period 6.00 6.00 -
YOKOWO CO., LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOMEQ2/FY2016 Q2/FY2015
Apr'16-Sep'16 Apr'15-Sep'15
Inc/(Dec)
Profit (loss) | 402,866 | (128,324) | 531,190 |
Other comprehensive income | |||
Valuation difference on available-for-sale securities | (33,731) | (82,720) | 48,989 |
Foreign currency translation adjustment | (1,056,625) | (275,568) | (781,057) |
Remeasurements of defined benefit plans, net of tax | 20,199 | 10,602 | 9,597 |
Total other comprehensive income | (1,070,157) | (347,686) | (722,471) |
Comprehensive income | (667,291) | (476,010) | (191,281) |
Comprehensive income attributable to abstract | |||
Comprehensive income attributable to owners of the parent | (663,246) | (476,010) | (187,236) |
Comprehensive income attributable to minority interests | (4,045) | - | (4,045) |
Net cash provided by (used in) operating activities
Income before income taxes
Adjustments to reconcile income before income taxes To net cash provided by (used in) operating activities:
Q2/FY2016 Q2/FY2015
Apr'16-Sep'16 Apr'15-Sep'15
650,053 78,465
Depreciation and amortization | 799,026 | 856,487 |
Increase (decrease) in allowance for doubtful accounts | 622 | - |
Increase (decrease) in provision for bonuses | 101,463 | 115,323 |
Increase (decrease) in provision for product warranties | (47,099) | - |
Increase (decrease) in net defined benefit liability | 7,520 | (1,622) |
Loss (gain) on sales and retirement of noncurrent assets | 22,725 | 793 |
Product warranties expenses | - | 297,277 |
Foreign exchange losses (gains) | 414,593 | 48,602 |
Other, net Net changes in operating assets and liabilities Decrease (increase) in notes and accounts receivable-trade | 26,136 (587,198) | 607 (1,238,245) |
Decrease (increase) in inventories | (476,680) | (243,712) |
Decrease (increase) in other assets | (93,768) | (98,696) |
Increase (decrease) in notes and accounts payable-trade | 627,056 | 326,505 |
Increase (decrease) in other liabilities | 231,545 | (29,231) |
Income taxes (paid) refund | (202,420) | (88,973) |
Net cash provided by (used in) operating activities | 1,473,574 | 23,580 |
Net cash provided by (used in) investment activities | ||
Proceeds from sales of property, plant and equipment | 1,657 | 7,650 |
Purchase of property, plant and equipment | (762,467) | (721,981) |
Purchase of intangible assets | (70,340) | (37,817) |
Other, net | (25,219) | 34,205 |
Net cash provided by (used in) investment activities | (856,369) | (717,943) |
Net cash provided by (used in) financing activities | ||
Net increase (decrease) in short-term loans payable | 8,085 | 1,600,000 |
Repayments of lease obligations | (102,958) | (106,953) |
Cash dividends paid | (159,202) | (199,414) |
Other, net | 4,642 | (114) |
Net cash provided by (used in) financing activities | (249,433) | 1,293,519 |
Effect of exchange rate changes on cash and cash equivalents | (395,850) | (73,857) |
Net increase (decrease) in cash and cash equivalents | (28,078) | 525,299 |
Cash and cash equivalents at beginning of year | 4,055,233 | 3,545,615 |
Cash and cash equivalents at end of period | 4,027,155 | 4,070,914 |
The reconciliation of cash and deposits shown in the consolidated balance sheets and cash and cash equivalen shown in the consolidated statements of cash flows are as follows:
(Thousands of yen)
Q2/FY2016 Apr'16-Sep'16 | Q2/FY2015 Apr'15-Sep'15 | |
Cash and deposits Time deposits with maturities longer than 3 months | 4,027,155 - | 4,070,914 - |
Cash and cash equivalents | 4,027,155 | 4,070,914 |
Yokowo Co. Ltd. published this content on 09 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 November 2016 08:41:10 UTC.
Original documenthttp://www.yokowo.co.jp/english/ir/pdf/release_1611.pdf
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