YUKIGUNI MAITAKE CO., LTD. Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
May 11, 2023
Consolidated Financial Results for the
Fiscal Year Ended March 31, 2023 (Under IFRS)
Company name: | YUKIGUNI MAITAKE CO., LTD. |
Listing: | Tokyo Stock Exchange |
Securities code: | 1375 |
URL: | https://www.maitake.co.jp/ |
Representative: | Masafumi Yuzawa, President and CEO, Representative Director |
Inquiries: | Takenori Sakurai, Senior Executive Officer (Chief Financial Officer) |
Telephone: | +81-25-778-0162 |
Scheduled date of annual general meeting of shareholders: | June 27, 2023 |
Scheduled date to commence dividends payment: | June 7, 2023 |
Scheduled date to file annual securities report: | June 28, 2023 |
Preparation of supplementary material on financial results: | Yes |
Holding of financial results briefing: | Yes (for institutional investors and analysts) |
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated Financial Results for the Fiscal year Ended March 31, 2023 (from April 1, 2022 to March 31, 2023)
(1) Consolidated Operating Results (Cumulative) | (Percentages indicate year-on-year changes.) | |||||||||||
Total income | Operating profit | Profit before tax | Profit | |||||||||
Fiscal year ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||
March 31, 2023 | 42,204 | -10.4 | 2,191 | -56.0 | 1,794 | -60.7 | 1,182 | -60.5 | ||||
March 31, 2022 | 47,081 | -8.4 | 4,975 | -36.4 | 4,564 | -35.9 | 2,991 | -36.9 | ||||
Profit attributable to | Total comprehensive | Basic earnings | Diluted earnings | |||||||||
owners of parent | income | per share | per share | |||||||||
Fiscal year ended | Millions of yen | % | Millions of yen | % | Yen | Yen | ||||||
March 31, 2023 | 1,181 | -60.5 | 1,125 | -62.0 | 29.63 | 29.62 | ||||||
March 31, 2022 | 2,989 | -37.0 | 2,965 | -38.9 | 74.92 | 74.90 | ||||||
Return on equity | Ratio of profit before tax | Ratio of operating profit | ||||||||||
attributable to owners of | ||||||||||||
to total assets | to total income | |||||||||||
parent | ||||||||||||
Fiscal year ended | % | % | % | |||||||||
March 31, 2023 | 11.3 | 5.2 | 5.2 | |||||||||
March 31, 2022 | 30.3 | 12.7 | 10.6 | |||||||||
(Reference) | ||||||||||||
Core operating profit | Core EBITDA | Core EBITDA margin | ||||||||||
Fiscal year ended | Millions of yen | % | Millions of yen | % | % | |||||||
March 31, 2023 | 2,562 | -54.2 | 4,663 | -38.4 | 15.0 | |||||||
March 31, 2022 | 5,590 | -32.6 | 7,564 | -26.3 | 23.3 | |||||||
(2) Consolidated Financial Position
Ratio of equity | Equity attributable | ||||
Equity attributable | attributable to | ||||
Total assets | Total equity | to owners of parent | |||
to owners of parent | owners of parent to | ||||
per share | |||||
total assets | |||||
As of | Millions of yen | Millions of yen | Millions of yen | % | Yen |
March 31, 2023 | 33,304 | 10,409 | 10,409 | 31.3 | 261.08 |
March 31, 2022 | 36,096 | 10,470 | 10,471 | 29.0 | 262.65 |
(3) Consolidated cash flows
Cash flows from | Cash flows from | Cash flows from | Cash and cash | |
equivalents at end of | ||||
operating activities | investing activities | financing activities | ||
period | ||||
Fiscal year ended | Millions of yen | Millions of yen | Millions of yen | Millions of yen |
March 31, 2023 | 3,101 | -2,996 | -2,767 | 1,060 |
March 31, 2022 | 5,606 | -2,554 | -3,107 | 3,723 |
2. Cash Dividends
Annual dividends per share | Ratio of | |||||||
dividends to | ||||||||
Total cash | Payout ratio | equity | ||||||
First | Second | Third | Fiscal | dividends | attributable to | |||
Total | (Consolidated) | |||||||
quarter-end | quarter-end | quarter-end | year-end | (Total) | owners of | |||
parent | ||||||||
(Consolidated) | ||||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |
Fiscal year ended | - | 14.00 | - | 16.00 | 30.00 | 1,196 | 40.0 | 12.1 |
March 31, 2022 | ||||||||
Fiscal year ended | - | 14.00 | - | 6.00 | 20.00 | 797 | 67.5 | 7.6 |
March 31, 2023 | ||||||||
Fiscal year ending | - | 1.00 | - | 1.00 | 2.00 | 65.4 | ||
March 31, 2024 | ||||||||
(Forecast) | ||||||||
Note: The year-end dividend per share for the fiscal year ended March 31, 2022 has been changed from ¥16 to ¥6. For details, please refer to the "Dividend of Surplus" released on May 11, 2023.
3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
(Percentages indicate year-on-year changes.)
Total income | Operating profit | Profit before tax | Profit | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||
Full year | 42,389 | 0.4 | 673 | -69.3 | 228 | -87.3 | 121 | -89.7 | ||||
Profit attributable to | Basic earnings | |||||||||||
owners of parent | per share | |||||||||||
Millions of yen | % | Yen | ||||||||||
Full year | 121 | -89.7 | 3.05 | |||||||||
(Reference) | ||||||||||||
Core Operating Profit | Core EBITDA | Core EBITDA Margin | ||||||||||
Millions of yen | % | Millions of yen | % | % | ||||||||
Full year | 995 | -61.1 | 3,182 | -31.8 | 9.6 |
* Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
- Changes in accounting policies and changes in accounting estimates
- Changes in accounting policies required by IFRS: None
- Changes in accounting policies due to other reasons: None
- Changes in accounting estimates: None
- Number of issued shares (ordinary shares)
- Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2023
As of March 31, 2022
39,910,700 shares
39,910,700 shares
(ii) Number of treasury shares at the end of the period
As of March 31, 2023
As of March 31, 2022
27,311 shares
40,000 shares
- Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Fiscal year ended March 31, 2023
Fiscal year ended March 31, 2022
39,870,700 shares
39,905,333 shares
[Reference] Overview of non-consolidated financial results
1. Non-consolidated financial results for the fiscal year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)
(1) Non-consolidated operating results | (Percentages indicate year-on-year changes.) | |||||||||
Net sales | Operating profit | Ordinary profit | Net income | |||||||
Fiscal year ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||
March 31, 2023 | 29,515 | -2.8 | 1,147 | -71.1 | 1,017 | -72.7 | 146 | -92.5 | ||
March 31, 2022 | 30,357 | -5.2 | 3,965 | -36.8 | 3,722 | -33.7 | 1,953 | -78.1 | ||
Basic earnings | Diluted earnings | |||||||||
per share | per share | |||||||||
Fiscal year ended | Yen | Yen | ||||||||
March 31, 2023 | 3.68 | 3.68 | ||||||||
March 31, 2022 | 48.96 | 48.94 | ||||||||
(2) Non-consolidated financial position | ||||||||||
Total assets | Net assets | Equity-to-asset ratio | Net assets per share | |||||||
As of | Millions of yen | Millions of yen | % | Yen | ||||||
March 31, 2023 | 47,239 | 25,131 | 53.2 | 630.13 | ||||||
March 31, 2022 | 51,190 | 26,172 | 51.1 | 656.38 | ||||||
Reference: Equity | ||||||||||
As of March 31, 2023: | ¥25,131 million | |||||||||
As of March 31, 2022: | ¥26,170 million |
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit firm.
- Proper use of earnings forecasts, and other special matters (Caution concerning forward-looking statements)
The forward-looking statements, such as forecasts of financial results, included in this document are based on information available to the management as of the date of the document and certain assumptions that the management considers reasonable. The Company does not promise that forecasts will be achieved. Actual results may differ significantly due to a range of factors.
(Other special comments)
- The Company and its consolidated subsidiaries (together, "the Group") apply the International Financial Reporting Standards (hereinafter "IFRS").
- Core operating profit = Operating profit - IAS41 "Agriculture" applying effects - Other income and expenses - One-time income and expenses
- Core EBITDA = Core operating profit + Depreciation + Amortization
- Core EBITDA margin = Core EBITDA / Revenue
- The effect of applying IAS 41 "Agriculture" is to apply IAS 41 "Agriculture" to the production process of mushrooms, from preparation to harvest, and to measure the mushrooms as biological assets at fair value less costs to sell. The gains or losses from the changes in fair value are considered as the impact amount.
- Other income and expenses are mainly impairment losses and loss on disposal of fixed assets.
- One-timeincome and expenses are income and expenses that are not incurred in the normal course of business (For example, listing-related expenses, etc., which were adjustment items in the financial statements for the previous fiscal year, are included). Currently, there are no one-time income and expenses incurred.
- Core operating profit, Core EBITDA and Core EBITDA margin are not indicators defined by IFRS, but the Group assumes these indicators are useful for investors to evaluate the Group's performance. These financial indicators exclude some expenses and non-recurring gains / losses that are not expected to occur after listing. Core operating profit, Core EBITDA, Core EBITDA margin should not be considered as indicators to replace the other indicators shown in accordance with IFRS because they do not include some of the items that affect the profit for the period, so they are subject to significant restrictions as means of analysis. Core operating profit, Core EBITDA, Core EBITDA margin disclosed by the Group may be less useful in comparison with the same or similar indicators of other competitors because they are calculated according to a different method from those of such other companies.
(How to obtain supplementary financial results briefing materials and financial results briefing details)
A presentation for institutional investors and analysts is scheduled to be held on Tuesday, May 23, 2023 in a hybrid format of on-site and webcast. Supplementary financial results briefing materials are disclosed on TD net and are posted on our website on May 11, 2023.
Accompanying Materials - Contents
Ⅰ. Qualitative Information for the Fiscal Year Ended March 31, 2023……………………………….…2
- Analysis of Operating Results………………………………………………………………………………2
- Analysis of Financial Position………………………………………………………………………………3
- Analysis of Cash Flows ……………………………………………………………………………………4
- Explanations about Forward-Looking Information Including Forecast of Consolidated Financial Results...4
- . Basic Policy Regarding Selection of Accounting Standards ………………………………….…6
- . Consolidated Financial Statements and Significant Notes ………………………………….…7
- Consolidated Statements of Financial Position……………………………………………………………7
- Consolidated Statements of Income and Comprehensive Income ………………………………………9
- Consolidated Statement of Changes in Equity……………………………….……………………………11
- Consolidated Statements of Cash Flows…………………………………………………………………12
- Notes to Summarized Consolidated Financial Statements…………………………………………………13 (Going Concern Assumptions) ……………………………………………………………………………13 (Segment Information) ……………………………………………………………………………………13 (Earnings per Share) ………………………………………………………………………………………14 (Significant Subsequent Events) …………………………………………………………………………14
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Yukiguni Maitake Co. Ltd. published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 05:22:02 UTC.
