ASSETS

Current assets

CONSOLIDATED BALANCE SHEETS

Q2/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)

LIABILITIES

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

NET ASSETS

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 INCOME

Q2/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.

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