TIDMMAW
RNS Number : 8621N
Maruwa Co Ld
31 October 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 Six Months Ended September 30, 2016
(Based on Japanese GAAP)
October 31, 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 November 10, 2016
Securities Report:
Scheduled date to commence December 9, 2016
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 six months ended
September 30, 2016 (from April 1, 2016 to September 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
Six months ended
September 30, 2016 15,160 4.1 2,305 56.6 2,027 40.1 1,152 35.2
Six months ended
September 30, 2015 14,564 (7.9) 1,472 15.8 1,447 (4.0) 852 12.7
--------------------- -------- ----- -------- ---- -------- ----- ------------- ------
Earnings per Diluted earnings
share per share
--------------------- ------------ ----------------
Yen Yen
Six months ended
September 30, 2016 93.27 93.27
Six months ended
September 30, 2015 68.99 68.99
--------------------- ------------ ----------------
(2) Consolidated financial position
Total assets Net assets Equity ratio
----------------- ------------ ---------- ------------
Millions Millions %
of yen of yen
As of September
30, 2016 47,756 41,421 86.7
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 - 20.00
---------------------- --------------- --------------- --------------- --------- -----
Year ending March
31, 2017 (Forecast) - 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
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 six months ended September 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 September As of March 31,
30, 2016 12,372,000 shares 2016 12,372,000 shares
----------------- ---------- ------- ---------------- ---------- -------
Number of treasury shares at the end of the period
As of September As of March 31,
30, 2016 19,629 shares 2016 22,033 shares
----------------- ------ ------- ---------------- ------ -------
Average number of shares during the period (cumulative from the
beginning of the fiscal year)
Six months ended Six months ended
September 30, 2016 12,350,930 shares September 30, 2015 12,350,017 shares
--------------------- ---------- ------- -------------------- ---------- -------
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands
of yen)
--------------------------------------------- ------------ ---------------
As of March As of September
31, 2016 30, 2016
--------------------------------------------- ------------ ---------------
Assets
Current assets
Cash and deposits 15,379,533 16,023,622
Notes and accounts receivable
- trade 8,042,230 7,949,862
Electronically recorded
monetary claims - operating 572,146 407,631
Merchandise and finished
goods 2,489,838 2,319,053
Work in process 1,702,316 1,640,971
Raw materials and supplies 3,095,281 3,153,067
Deferred tax assets 285,439 325,884
Other 833,428 567,722
Allowance for doubtful accounts (1,990) (40,620)
Total current assets 32,398,221 32,347,191
------------ ---------------
Non-current assets
Property, plant and equipment
Buildings and structures 10,078,873 9,790,713
Accumulated depreciation (5,519,695) (5,527,890)
Buildings and structures,
net 4,559,178 4,262,822
------------ ---------------
Machinery, equipment and
vehicles 18,712,379 17,762,751
Accumulated depreciation (13,799,300) (13,475,002)
Machinery, equipment and
vehicles, net 4,913,079 4,287,749
------------ ---------------
Land 3,503,763 3,660,780
Construction in progress 276,133 558,953
Other 3,553,267 3,394,691
Accumulated depreciation (3,007,107) (2,878,849)
Other, net 546,160 515,842
------------ ---------------
Total property, plant and
equipment 13,798,312 13,286,146
------------ ---------------
Intangible assets
Goodwill 135,905 34,568
Other 433,269 279,226
Total intangible assets 569,174 313,793
------------ ---------------
Investments and other assets 1,784,068 1,809,217
Total non-current assets 16,151,555 15,409,156
------------ ---------------
Total assets 48,549,776 47,756,347
------------ ---------------
(Thousands
of yen)
------------------------------------------ ----------- ---------------
As of March As of September
31, 2016 30, 2016
------------------------------------------ ----------- ---------------
Liabilities
Current liabilities
Notes and accounts payable
- trade 3,068,282 2,839,348
Current portion of long-term
loans payable 137,984 89,500
Income taxes payable 589,934 693,837
Provision for bonuses 503,850 476,119
Provision for directors'
bonuses 23,750 5,500
Notes payable - facilities 169,681 208,832
Other 1,824,564 1,561,415
Total current liabilities 6,318,045 5,874,551
----------- ---------------
Non-current liabilities
Long-term loans payable 115,409 -
Deferred tax liabilities 76,973 126,325
Provision for environmental
measures 13,527 13,527
Other 325,379 320,722
Total non-current liabilities 531,288 460,573
----------- ---------------
Total liabilities 6,849,333 6,335,124
----------- ---------------
Net assets
Shareholders' equity
Capital stock 8,646,720 8,646,720
Capital surplus 11,946,793 11,948,947
Retained earnings 21,654,339 22,571,677
Treasury shares (47,072) (42,051)
Total shareholders' equity 42,200,781 43,125,292
----------- ---------------
Accumulated other comprehensive
income
Valuation difference on
available-for-sale securities 53,057 62,363
Foreign currency translation
adjustment (555,170) (1,766,432)
Total accumulated other
comprehensive income (502,113) (1,704,069)
----------- ---------------
Subscription rights to shares 1,775 -
Total net assets 41,700,443 41,421,223
----------- ---------------
Total liabilities and net
assets 48,549,776 47,756,347
----------- ---------------
Consolidated statements of income (cumulative) and consolidated
statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands
of yen)
-------------------------------------- -------------- --------------
Six months Six months
ended ended
September 30, September 30,
2015 2016
-------------------------------------- -------------- --------------
Net sales 14,564,403 15,159,537
Cost of sales 9,468,304 9,443,729
Gross profit 5,096,099 5,715,808
-------------- --------------
Selling, general and administrative
expenses 3,624,062 3,411,175
Operating income 1,472,037 2,304,633
-------------- --------------
Non-operating income
Interest income 16,999 14,463
Rent income 46,564 35,769
Other 28,816 31,842
Total non-operating income 92,378 82,073
-------------- --------------
Non-operating expenses
Interest expenses 3,498 1,158
Foreign exchange losses 87,517 314,067
Rent expenses on real estate
for investments 19,279 21,995
Other 6,966 22,607
Total non-operating expenses 117,260 359,826
-------------- --------------
Ordinary income 1,447,156 2,026,880
-------------- --------------
Extraordinary income
Gain on sales of non-current
assets 3,617 15
Total extraordinary income 3,617 15
-------------- --------------
Extraordinary losses
Loss on sales and retirement
of non-current assets 924 7,697
Loss on liquidation of business - 234,083
Loss on sales of investment
securities 6,816 -
Other - 2,600
Total extraordinary losses 7,740 244,379
-------------- --------------
Profit before income taxes 1,443,033 1,782,516
-------------- --------------
Income taxes - current 566,589 614,075
Income taxes - deferred 24,378 16,454
Total income taxes 590,967 630,529
-------------- --------------
Profit 852,066 1,151,987
-------------- --------------
Profit (loss) attributable
to non-controlling interests (0) -
-------------- --------------
Profit attributable to owners
of parent 852,066 1,151,987
-------------- --------------
Consolidated statements of comprehensive income (cumulative)
(Thousands
of yen)
---------------------------------------- -------------- --------------
Six months Six months
ended ended
September 30, September 30,
2015 2016
---------------------------------------- -------------- --------------
Profit 852,066 1,151,987
Other comprehensive income
Valuation difference on
available-for-sale securities (57,602) 9,307
Foreign currency translation
adjustment (1,301,997) (1,211,263)
Total other comprehensive
income (1,359,600) (1,201,956)
-------------- --------------
Comprehensive income (507,534) (49,969)
-------------- --------------
Comprehensive income attributable
to
Comprehensive income attributable
to owners of parent (507,534) (49,969)
Comprehensive income attributable
to non-controlling interests (0) -
Consolidated statements of cash flows
(Thousands
of yen)
----------------------------------------- -------------- --------------
Six months Six months
ended ended
September 30, September 30,
2015 2016
----------------------------------------- -------------- --------------
Cash flows from operating
activities
Profit before income taxes 1,443,033 1,782,516
Depreciation 913,301 884,636
Loss on liquidation of business - 234,083
Amortization of goodwill 145,093 101,337
Increase (decrease) in allowance
for doubtful accounts (1,080) 54,750
Loss (gain) on sales of
investment securities 6,816 -
Loss (gain) on sales and
retirement of non-current
assets (2,693) 7,682
Interest and dividend income (27,371) (16,695)
Foreign exchange losses
(gains) 378,400 333,564
Decrease (increase) in notes
and accounts receivable
- trade 795,167 (24,323)
Decrease (increase) in inventories (301,878) (386,376)
Increase (decrease) in notes
and accounts payable - trade (1,322,409) (181,560)
Other, net 130,053 51,356
Subtotal 2,156,432 2,840,972
-------------- --------------
Interest and dividend income
received 27,910 18,543
Interest expenses paid (2,763) (629)
Income taxes paid (436,776) (535,654)
Net cash provided by (used
in) operating activities 1,744,803 2,323,231
-------------- --------------
Cash flows from investing
activities
Net decrease (increase)
in time deposits 24,716 522,397
Purchase of property, plant
and equipment (630,939) (1,055,212)
Proceeds from sales of property,
plant and equipment 13,951 15
Purchase of investment securities (1,882) (1,909)
Proceeds from sales of investment
securities 95,980 -
Purchase of intangible assets (21,366) (23,433)
Proceeds from sales of intangible
assets - 120,000
Other, net 1,277 (1,983)
Net cash provided by (used
in) investing activities (518,262) (440,125)
-------------- --------------
Cash flows from financing
activities
Repayments of long-term
loans payable (820,482) (163,893)
Purchase of treasury shares - (326)
Proceeds from sales of treasury
shares - 5,725
Cash dividends paid (222,300) (234,649)
Dividends paid to non-controlling
interests (1,233) -
Net cash provided by (used
in) financing activities (1,044,016) (393,143)
-------------- --------------
Effect of exchange rate
change on cash and cash
equivalents (136,547) (269,945)
Net increase (decrease)
in cash and cash equivalents 45,979 1,220,018
-------------- --------------
Cash and cash equivalents
at beginning of period 13,683,508 14,540,571
Increase in cash and cash
equivalents from newly consolidated
subsidiary 7,000 -
Cash and cash equivalents
at end of period 13,736,486 15,760,589
-------------- --------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR WGGQGUUPQGUG
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October 31, 2016 06:19 ET (10:19 GMT)
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