G Tekt : Summary of Consolidated Financial Results for the Three Months Ended June 30, 2022（PDF：204KB）

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.

Summary of Consolidated Financial Results for the Three Months Ended June 30, 2022 (Based on Japanese GAAP)

										August 5, 2022
Company name:	G-TEKT CORPORATION
Stock exchange listing:	Tokyo
Stock code:	5970	URL	https://www.g-tekt.jp/
Representative:	President, Chief Executive Officer		Naohiro Takao
Inquiries:	General Manager of Finance Division		Makoto Kimura		TEL [phone]
Scheduled date to file Quarterly Securities Report:		August 10, 2022
Scheduled date to commence dividend payments:		-
Preparation of supplementary material on quarterly financial results:	Yes
Holding of quarterly financial results meeting:		Yes	(for institutional investors and analysts)
							(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)
(1) Consolidated operating results (cumulative)					Percentages indicate year-on-year changes
			Net sales		Operating profit	Ordinary profit	Profit attributable to
				owners of parent
			Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
Three months ended June 30, 2022		67,454	21.0		2,105	28.5	3,747	91.8	2,858	106.4
Three months ended June 30, 2021		55,739	68.2		1,638	-	1,953	-	1,384	-
			Earnings per share		Diluted earnings per share
					Yen			Yen
Three months ended June 30, 2022			66.51			-
Three months ended June 30, 2021			32.25			-
(2) Consolidated financial position
			Total assets			Net assets		Equity ratio
			Millions of yen		Millions of yen		%
As of June 30, 2022			292,905		173,373		55.0
As of March 31, 2022			282,540		163,924		53.9

2. Cash dividends

						Annual dividends per share
		1st quarter-end	2nd quarter-end	3rd quarter-end		Fiscal year-end	Total
			Yen		Yen			Yen	Yen	Yen
Year ended March 31, 2022			-		28.00				-	28.00	56.00
Year ending March 31, 2023			-
Year ending March 31, 2023 (Forecast)					29.00				-	29.00	58.00
3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
									Percentages indicate year-on-year changes
	Net sales		Operating profit	Ordinary profit		Profit attributable to	Earnings per share
				owners of parent
Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Full year	314,000	32.8	13,100	19.8	13,600	8.5		9,700	9.3	225.73

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4. Notes

1. Changes in significant subsidiaries during the three months ended June 30, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation):
2. Application of special accounting methods for preparing quarterly consolidated financial statements:

No

Yes

(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:	No
Changes in accounting policies due to other reasons:	No
Changes in accounting estimates:	No
Restatement of prior period financial statements:	No

(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, 2022	43,931,260	shares	As of March 31, 2022	43,931,260	shares
Number of treasury shares at the end of the period
	As of June 30, 2022	959,008	shares	As of March 31, 2022	959,008	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Three months ended June 30, 2022	42,972,252	shares	Three months ended June 30, 2021	42,931,059	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of March 31, 2022	As of June 30, 2022
Assets
Current assets
Cash and deposits	40,685	39,314
Notes and accounts receivable - trade	51,230	51,899
Finished goods	1,908	2,081
Work in process	29,081	29,756
Raw materials	3,872	4,067
Supplies	1,297	1,371
Other	8,374	9,717
Total current assets	136,450	138,208
Non-current assets
Property, plant and equipment
Buildings and structures, net	57,773	62,584
Machinery, equipment and vehicles, net	38,645	42,083
Tools, furniture and fixtures, net	11,627	12,753
Land	13,342	13,919
Construction in progress	12,677	10,851
Total property, plant and equipment	134,067	142,192
Intangible assets	1,416	1,360
Investments and other assets
Investment securities	8,518	9,128
Other	2,088	2,015
Total investments and other assets	10,606	11,144
Total non-current assets	146,090	154,696
Total assets	282,540	292,905
Liabilities
Current liabilities
Accounts payable - trade	30,394	29,606
Short-term borrowings	22,247	26,564
Current portion of long-term borrowings	12,414	9,829
Accounts payable - other	6,773	7,913
Income taxes payable	1,610	911
Provision for bonuses	1,424	1,374
Other	6,301	6,393
Total current liabilities	81,165	82,592
Non-current liabilities
Long-term borrowings	29,019	28,016
Retirement benefit liability	1,048	1,090
Provision for share awards for directors (and other	438	456
officers)
Other	6,943	7,376
Total non-current liabilities	37,450	36,939
Total liabilities	118,615	119,532

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			(Millions of yen)
		As of March 31, 2022	As of June 30, 2022
Net assets
Shareholders' equity
Share capital	4,656	4,656
Capital surplus	23,635	23,635
Retained earnings	103,677	105,320
Treasury shares	(1,707)	(1,707)
Total shareholders' equity	130,261	131,905
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	1,285	1,101
Deferred gains or losses on hedges	1	(156)
Foreign currency translation adjustment	20,363	27,930
Remeasurements of defined benefit plans	380	355
Total accumulated other comprehensive income	22,031	29,231
Non-controlling interests	11,631	12,236
Total net assets	163,924	173,373
Total liabilities and net assets	282,540	292,905

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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

			(Millions of yen)
		Three months ended	Three months ended
		June 30, 2021	June 30, 2022
Net sales	55,739	67,454
Cost of sales	50,820	61,699
Gross profit	4,919	5,755
Selling, general and administrative expenses	3,280	3,649
Operating profit	1,638	2,105
Non-operating income
Interest income	70	141
Dividend income	53	72
Foreign exchange gains	57	823
Share of profit of entities accounted for using equity method	120	598
Other	111	226
Total non-operating income	413	1,863
Non-operating expenses
Interest expenses	87	217
Other	11	4
Total non-operating expenses	98	221
Ordinary profit	1,953	3,747
Extraordinary income
Gain on sale of non-current assets	0	10
Gain on sale of investment securities	3	27
Total extraordinary income	3	38
Extraordinary losses
Loss related to COVID-19	-	33
Total extraordinary losses	-	33
Profit before income taxes	1,957	3,751
Income taxes	647	1,032
Profit	1,310	2,719
Loss attributable to non-controlling interests	(74)	(139)
Profit attributable to owners of parent	1,384	2,858

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