CONSOLIDATED BALANCE SHEETS

(Thousands of yen)

ASSETS

Current assets

Sep 30, 2017

Mar 31, 2017

Cash and deposits

5,530,752

5,818,150

(287,398)

Receivables:

Notes and accounts receivable-trade

10,440,547

9,248,141

1,192,406

Allowance for doubtful accounts

(15,174)

(16,924)

1,750

Inventories

7,166,145

5,903,252

1,262,893

Other

1,819,123

1,490,855

328,268

Total current assets

24,941,393

22,443,474

2,497,919

Q2/FY2017 FY2016 lnc/(Dec)

Noncurrent assets

Net property, plant and equipment

8,391,916

7,782,936

608,980

Intangible assets

517,050

579,864

(62,814)

Net defined benefit asset

18,367

18,367

Investments and other non-current assets

2,914,965

2,513,535

401,430

Total noncurrent assets

11,842,298

10,876,335

965,963

Total assets

36,783,691

33,319,809

3,463,882

LIABILITIES

Current liabilities

Q2/FY2017 FY2016

Sep 30, 2017 Mar 31, 2017

lnc/(Dec)

Notes and accounts payable-trade

6,048,896

4,690,101

1,358,795

Short-term loans payable

2,376,348

2,364,965

11,383

Income taxes payable

250,978

188,500

62,478

Provision for bonuses

577,846

425,981

151,865

Other

2,679,671

2,412,008

267,663

Total current liabilities

11,933,739

10,081,555

1,852,184

Noncurrent liabilities

Long-term loans payable

1,600,000

1,600,000

Provision for product warranties

89,553

89,124

429

Net defined benefit liability

157,262

144,034

13,228

Other

645,359

568,990

76,369

Total noncurrent liabilities

2,492,174

2,402,148

90,026

Total liabilities

14,425,913

12,483,703

1,942,210

NET ASSETS

Shareholders' equity

Capital stock

3,996,269

3,996,269

Capital surplus

3,981,928

3,981,928

Retained earnings

13,436,928

12,642,064

794,864

Treasury stock

(778,038)

(854,955)

76,917

Deposit for subscriptions to treasury shares

1,977

1,977

Total shareholders' equity

20,639,064

19,767,283

871,781

Valuation and translation adjustments

Valuation difference on available-for-sale securities

765,012

382,371

382,641

Foreign currency translation adjustment

687,726

406,640

281,086

Remeasurements of defined benefit plans

254,587

263,547

(8,960)

Total valuation and translation adjustments

1,707,325

1,052,558

654,767

Subscription rights to shares

11,389

16,265

(4,876)

Total net assets

22,357,778

20,836,106

1,521,672

Total liabilities and net assets

36,783,691

33,319,809

3,463,882

CONSOLIDATED STATEMENTS OF INCOME

(Thousands of yen)

Q2/FY2017 Q2/FY2016 lnc/(Dec)

Apr'17-Sep'17 Apr'16-Sep'16

Net sales 24,765,945 20,937,127 3,828,818

Costs and expenses

Cost of sales 19,949,563 16,818,226 3,131,337

Selling, general and administrative expenses

3,499,405

2,996,259

503, 146

23,448,968

19,814,485

3,634,483

Operating income

1,316,977

1,122,642

194,335

Other income (expenses)

Interest and dividends income

23,927

18,539

5,388

Interest expenses

(37,588)

(22,525)

(15,063)

Foreign exchange gains (losses), net

5,633

(448,996)

454,629

Other

55,025

(19,607)

74,632

46,997

(472,589)

519,586

Income before income taxes

1,363,974

650,053

713,921

Income taxes

Income taxes-current and prior periods

289,507

264,732

24,775

Income taxes-deferred

3,068

{17,545)

20,613

Total income taxes

292,575

247,187

45,388

Profit (loss)

1,071,399

402,866

668,533

Profit (loss) attributable to non-controlling interests

(4,263)

4,263

Profit (loss) attributable to owners of parent

1,071,399

407,129

664,270

Amounts per share of common stock:

Net income

53.14

20.35

32.79

Diluted net income

52.90

Cash dividends applicable to the period

8.00

6.00

2.00

YOKOWO CO., LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Q2/FY2017 Q2/FY2016 lnc/(Dec)

Apr'17-Sep'17 Apr'16-Sep'16

Profit (loss)

1,071,399

402,866

668,533

Other comprehensive income

Valuation difference on available-for-sale securities

382,641

(33,731)

416,372

Foreign currency translation adjustment

281,086

(1,056,625)

1,337,711

Remeasurements of defined benefit plans, net of tax

{8,960)

20,199

{29,159)

Total other comprehensive income

654,767

(1,070, 157)

1,724,924

Comprehensive income

1,726,166

{667,291)

2,393,457

Comprehensive income attributable to abstract

Comprehensive income attributable to owners of the parent

1,726,166

(663,246)

2,389,412

Comprehensive income attributable to minority interests

(4,045)

4,045

CONSOLIDATED STATEMENTS OF CASH FLOWS

Q2/FY2017

Apr'17-Sep'17

(Thousands of yen)

Q2/FY2016

Apr'16-Sep'16

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:

Depreciation and amortization

Increase (decrease) in allowance for doubtful accounts Increase (decrease) in provision for bonuses

Increase (decrease) in provision for product warranties Increase (decrease) in net defined benefit liability

Loss (gain) on sales and retirement of noncurrent assets Foreign exchange losses (gains)

Other, net

Net changes in operating assets and liabilities

Decrease (increase) in notes and accounts receivable-trade Decrease (increase) in inventories

Decrease (increase) in other assets

Increase (decrease) in notes and accounts payable-trade Increase (decrease) in other liabilities

Income taxes (paid) refund Net cash provided by (used in) operating activities

1,363,974 650,053

909,630 799,026

(1,687) 622

147,615 101,463

(47,099)

56 7,520

31,583 22,725

(46,650) 414,593

25,192 26,136

(1,109,385) (587,198)

(1,136,910) (476,680)

(293,332) (93,768)

1,319,941 627,056

(15,242) 231,545

(211,897) (202,420)

982,888 1,473,574

Net cash provided by (used in) investment activities Proceeds from sales of property, plant and equipment Purchase of property, plant and equipment

Purchase of intangible assets

13,191

(977, 123)

(111,296)

1,657

(762,467)

(70,340)

Other, net Net cash provided by (used in) investment activities

52,577 (25,219) (1,022,651) (856,369)

Net cash provided by (used in) financing activities

Net increase (decrease) in short-term loans payable Repayments of lease obligations

Cash dividends paid

Proceeds from issuance of subscription rights to shares

(107,398)

(240,180)

37,234

8,085

(102,958)

(159,202)

622

Other, net Net cash provided by (used in) financing activities

1,701 4,020 (308,643) (249,433)

Effect of exchange rate changes on cash and cash equivalents

61,008

(395,850)

Net increase (decrease) in cash and cash equivalents

(287,398)

(28,078)

Cash and cash equivalents at beginning of year

5,818, 150

4,055,233

Cash and cash equivalents at end of period

5,530,752

4,027,155

The reconciliation of cash and deposits shown in the consolidated balance sheets and cash and cash equivaler shown in the consolidated statements of cash flows are as follows:

Cash and deposits

Time deposits with maturities longer than 3 months

Cash and cash equivalents

(Thousands of yen)

Q2/FY2017 Q2/FY2016

Apr'17-Sep'17 Apr'16-Sep'16 5,530,752 4,027, 155

5,530,752 4,027,155

Yokowo Co. Ltd. published this content on 09 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 November 2017 08:48:03 UTC.

Original documenthttp://www.yokowo.co.jp/english/ir/pdf/release_1711.pdf

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