TIDMMAW
RNS Number : 5412F
Maruwa Co Ld
28 July 2016
Translation
-----------
Notice: This document is an excerpt translation of the
original Japanese document and is only for reference
purposes. In the event of any discrepancy between this
translated document and the original Japanese document,
the latter shall prevail.
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Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2016
(Based on Japanese GAAP)
July 28, 2016
Company name: MARUWA CO., LTD.
Stock exchange Tokyo, Nagoya
listing:
Stock code: 5344 URL http://www.maruwa-g.com/
Representative: President and Representative Sei Kanbe
Director
Inquiries: General Manager Tamaki Nozoki TEL 0561-51-0839
of Administrative
Division
Scheduled date to file Quarterly August 10, 2016
Securities Report:
Scheduled date to commence -
dividend payments:
Preparation of supplementary No
material on quarterly financial
results:
Holding of quarterly financial No
results meeting:
(Amounts are rounded off to
the nearest million yen)
1. Consolidated financial results for the three months ended
June 30, 2016 (from April 1, 2016 to June 30, 2016)
(1) Consolidated operating Percentages indicate year-on-year
results (cumulative) changes
Net sales Operating Ordinary Profit attributable
income income to owners
of parent
-------------------- --------------- -------------- -------------- ---------------------
Millions % Millions % Millions % Millions %
of yen of yen of yen of yen
Three months ended
June 30, 2016 7,341 2.1 1,101 69.0 819 10.0 509 15.0
Three months ended
June 30, 2015 7,189 (4.3) 651 44.7 744 35.4 442 23.6
-------------------- -------- ----- -------- ---- -------- ---- ------------- ------
Earnings per Diluted earnings
share per share
-------------------- ------------ ----------------
Yen Yen
Three months ended
June 30, 2016 41.18 41.17
Three months ended
June 30, 2015 35.81 35.81
-------------------- ------------ ----------------
(2) Consolidated financial position
Total assets Net assets Equity ratio
--------------------- ------------ ---------- ------------
Millions Millions %
of yen of yen
As of June 30, 2016 46,928 41,036 87.4
As of March 31,
2016 48,550 41,700 85.9
--------------------- ------------ ---------- ------------
2. Cash dividends
Annual dividends per share
---------------------- -------------------------------------------------------------------
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal Total
year-end
---------------------- --------------- --------------- --------------- --------- -----
Yen Yen Yen Yen Yen
Year ended March
31, 2016 - 19.00 - 19.00 38.00
Year ending March -
31, 2017
---------------------- --------------- --------------- --------------- --------- -----
Year ending March
31, 2017 (Forecast) 20.00 - 20.00 40.00
---------------------- --------------- --------------- --------------- --------- -----
3. Forecast of consolidated financial results for the year
ending March 31, 2017 (from April 1, 2016 to March 31, 2017)
Percentages indicate year-on-year changes
Net sales Operating Ordinary Profit attributable Earnings
income income to owners per share
of parent
----------- --------------- -------------- -------------- --------------------- ----------
Millions % Millions % Millions % Millions % Yen
of yen of yen of yen of yen
Six months
ending
September
30, 2016 14,200 (2.5) 1,600 8.7 1,650 14.0 1,050 23.2 85.02
Full year 31,200 2.0 4,350 14.1 4,450 20.2 2,850 24.6 230.77
----------- -------- ----- -------- ---- -------- ---- ------------- ------ ----------
4. Notes
(1) Changes in significant subsidiaries No
during the three months ended June 30,
2016
(changes in specified subsidiaries resulting
in the change in scope of consolidation):
(2) Application of special accounting methods No
for preparing quarterly consolidated financial
statements:
(3) Changes in accounting policies, changes in accounting
estimates, and restatement of prior period financial statements
Changes in accounting policies due to Yes
revisions to accounting standards and
other regulations:
Changes in accounting policies due to No
other reasons:
Changes in accounting estimates: No
Restatement of prior period financial No
statements:
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period
(including treasury shares)
As of June 30, As of March 31,
2016 12,372,000 shares 2016 12,372,000 shares
---------------- ---------- ------- ---------------- ---------- -------
Number of treasury shares at the end of the period
As of June 30, As of March 31,
2016 22,083 shares 2016 22,033 shares
---------------- ------ ------- ---------------- ------ -------
Average number of shares during the period (cumulative from the
beginning of the fiscal year)
Three months ended Three months ended
June 30, 2016 12,349,962 shares June 30, 2015 12,350,017 shares
-------------------- ---------- ------- ------------------- ---------- -------
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands
of yen)
--------------------------------------------- ------------ ------------
As of March As of June
31, 2016 30, 2016
--------------------------------------------- ------------ ------------
Assets
Current assets
Cash and deposits 15,379,533 15,254,900
Notes and accounts receivable
- trade 8,042,230 7,216,586
Electronically recorded
monetary claims - operating 572,146 586,120
Merchandise and finished
goods 2,489,838 2,521,151
Work in process 1,702,316 1,661,900
Raw materials and supplies 3,095,281 3,228,338
Deferred tax assets 285,439 143,236
Other 833,428 542,849
Allowance for doubtful accounts (1,990) (3,212)
Total current assets 32,398,221 31,151,868
------------ ------------
Non-current assets
Property, plant and equipment
Buildings and structures 10,078,873 9,842,036
Accumulated depreciation (5,519,695) (5,490,065)
Buildings and structures,
net 4,559,178 4,351,971
------------ ------------
Machinery, equipment and
vehicles 18,712,379 17,993,329
Accumulated depreciation (13,799,300) (13,456,256)
Machinery, equipment and
vehicles, net 4,913,079 4,537,073
------------ ------------
Land 3,503,763 3,667,377
Construction in progress 276,133 521,775
Other 3,553,267 3,404,845
Accumulated depreciation (3,007,107) (2,887,936)
Other, net 546,160 516,910
------------ ------------
Total property, plant and
equipment 13,798,312 13,595,105
------------ ------------
Intangible assets
Goodwill 135,905 63,359
Other 433,269 288,217
Total intangible assets 569,174 351,576
------------ ------------
Investments and other assets 1,784,068 1,829,420
Total non-current assets 16,151,555 15,776,101
------------ ------------
Total assets 48,549,776 46,927,969
------------ ------------
(Thousands
of yen)
------------------------------------------ ----------- -----------
As of March As of June
31, 2016 30, 2016
------------------------------------------ ----------- -----------
Liabilities
Current liabilities
Notes and accounts payable
- trade 3,068,282 2,870,103
Current portion of long-term
loans payable 137,984 127,484
Income taxes payable 589,934 282,328
Provision for bonuses 503,850 236,823
Provision for directors'
bonuses 23,750 2,375
Notes payable - facilities 169,681 95,588
Other 1,824,564 1,752,064
Total current liabilities 6,318,045 5,366,765
----------- -----------
Non-current liabilities
Long-term loans payable 115,409 91,438
Provision for environmental
measures 13,527 13,527
Deferred tax liabilities 76,973 100,545
Other 325,379 319,766
Total non-current liabilities 531,288 525,276
----------- -----------
Total liabilities 6,849,333 5,892,041
----------- -----------
Net assets
Shareholders' equity
Capital stock 8,646,720 8,646,720
Capital surplus 11,946,793 11,946,793
Retained earnings 21,654,339 21,928,206
Treasury shares (47,072) (47,229)
Total shareholders' equity 42,200,781 42,474,490
----------- -----------
Accumulated other comprehensive
income
Valuation difference on
available-for-sale securities 53,057 28,105
Foreign currency translation
adjustment (555,170) (1,468,442)
Total accumulated other
comprehensive income (502,113) (1,440,337)
----------- -----------
Subscription rights to shares 1,775 1,775
Total net assets 41,700,443 41,035,928
----------- -----------
Total liabilities and net
assets 48,549,776 46,927,969
----------- -----------
Consolidated statements of income (cumulative) and consolidated
statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands
of yen)
-------------------------------------- -------------- --------------
Three months Three months
ended ended
June 30, 2015 June 30, 2016
-------------------------------------- -------------- --------------
Net sales 7,189,466 7,341,114
Cost of sales 4,681,670 4,573,757
Gross profit 2,507,796 2,767,357
-------------- --------------
Selling, general and administrative
expenses 1,856,417 1,666,496
Operating income 651,380 1,100,861
-------------- --------------
Non-operating income
Interest income 7,170 7,147
Rent income 22,890 9,501
Foreign exchange gains 54,586 -
Other 21,690 8,359
Total non-operating income 106,336 25,007
-------------- --------------
Non-operating expenses
Interest expenses 3,125 598
Rent expenses on real estate
for investments 6,997 10,798
Foreign exchange losses - 286,325
Other 3,722 9,561
Total non-operating expenses 13,844 307,282
-------------- --------------
Ordinary income 743,872 818,586
-------------- --------------
Extraordinary income
Gain on sales of non-current
assets 325 -
Total extraordinary income 325 -
-------------- --------------
Extraordinary losses
Loss on sales and retirement
of non-current assets - 6,054
Loss on sales of investment
securities 6,816 -
Total extraordinary losses 6,816 6,054
-------------- --------------
Profit before income taxes 737,380 812,532
-------------- --------------
Income taxes - current 216,380 197,710
Income taxes - deferred 78,769 106,306
Total income taxes 295,148 304,016
-------------- --------------
Profit 442,232 508,516
-------------- --------------
Profit (loss) attributable
to non-controlling interests (0) -
-------------- --------------
Profit attributable to owners
of parent 442,232 508,516
-------------- --------------
Consolidated statements of comprehensive income (cumulative)
(Thousands
of yen)
---------------------------------------- -------------- --------------
Three months Three months
ended ended
June 30, 2015 June 30, 2016
---------------------------------------- -------------- --------------
Profit 442,232 508,516
Other comprehensive income
Valuation difference on
available-for-sale securities 18,596 (24,952)
Foreign currency translation
adjustment 96,599 (913,272)
Total other comprehensive
income 115,195 (938,224)
-------------- --------------
Comprehensive income 557,427 (429,708)
-------------- --------------
Comprehensive income attributable
to
Comprehensive income attributable
to owners of parent 557,427 (429,708)
Comprehensive income attributable
to non-controlling interests (0) -
This information is provided by RNS
The company news service from the London Stock Exchange
END
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