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 Year Ended September 30, 2022
(Based on Japanese GAAP)
November 10, 2022 | |||||
Company name: | NISHIO RENT ALL CO., LTD. | ||||
Stock exchange listing: | Tokyo | ||||
Stock code: | 9699 | URL https://www.nishio-rent.co.jp/ | |||
Representative: | PRESIDENT | MASASHI NISHIO | |||
Inquiries: | Director, managing Administrative Divisions | KAZUO YOTSUMOTO | TEL 06-6251-7302 | ||
in Head Quarters. | |||||
Scheduled date of ordinary general meeting of shareholders: | December 20, 2022 | ||||
Scheduled date to file Securities Report: | December 21, 2022 | ||||
Scheduled date to commence dividend payments: | December 21, 2022 | ||||
Preparation of supplementary material on financial results: | No | ||||
Holding of financial results meeting: | Yes | (for institutional investors and analysts) |
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended September 30, 2022 (from October 1, 2021 to September 30, 2022)
(1) Consolidated operating results | 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 | % | ||||||||||||
Year ended September 30, 2022 | 170,634 | 5.5 | 14,884 | 8.5 | 14,301 | 6.3 | 9,167 | 3.8 | |||||||||||
Year ended September 30, 2021 | 161,756 | 7.0 | 13,714 | 20.6 | 13,450 | 22.1 | 8,829 | 37.2 | |||||||||||
Earnings per share | Diluted earnings per | Profit attributable to | Ordinary profit/total | Operating profit/net | |||||||||||||||
share | owners of | assets | sales | ||||||||||||||||
parent/equity | |||||||||||||||||||
Yen | Yen | % | % | % | |||||||||||||||
Year ended September 30, 2022 | 330.31 | 330.13 | 8.3 | 5.6 | 8.7 | ||||||||||||||
Year ended September 30, 2021 | 318.18 | 317.95 | 8.5 | 5.7 | 8.5 | ||||||||||||||
(2) Consolidated financial position | |||||||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||||||||
Millions of yen | Millions of yen | % | Yen | ||||||||||||||||
As of September 30, 2022 | 261,699 | 116,778 | 43.8 | 4,127.50 | |||||||||||||||
As of September 30, 2021 | 248,933 | 110,788 | 43.1 | 3,862.22 | |||||||||||||||
(3) Consolidated cash flows | |||||||||||||||||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash equivalents | ||||||||||||||||
operating activities | investing activities | financing activities | at end of period | ||||||||||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | ||||||||||||||||
Year ended September 30, 2022 | 21,321 | (9,153) | (12,083) | 47,485 | |||||||||||||||
Year ended September 30, 2021 | 21,598 | (5,588) | (1,974) | 47,370 | |||||||||||||||
2. Cash dividends | |||||||||||||||||||
Annual dividends per share | Total cash | Dividend payout | Ratio of dividends | ||||||||||||||||
to net assets | |||||||||||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | dividends (Total) | ratio (Consolidated) | (Consolidated) | ||||||||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | ||||||||||||
Year ended September 30, 2021 | - | 0.00 | - | 85.00 | 85.00 | 2,359 | 26.7 | 2.3 | |||||||||||
Year ended September 30, 2022 | - | 0.00 | - | 100.00 | 100.00 | 2,775 | 30.3 | 2.5 | |||||||||||
Year ending September 30, 2023 | - | 0.00 | - | 100.00 | 100.00 | 30.2 | |||||||||||||
(Forecast) | |||||||||||||||||||
1
3. Forecast of consolidated financial results for the year ending September 30, 2023 (from October 1, 2022 to September 30, 2023)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | |||||||||
owners of parent | |||||||||||||
Six months ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||||
94,865 | 9.6 | 9,307 | 6.6 | 8,811 | 1.0 | 5,679 | 0.2 | 204.64 | |||||
March 31, 2023 | |||||||||||||
Full year | 181,157 | 6.2 | 15,271 | 2.6 | 14,322 | 0.1 | 9,200 | 0.4 | 331.48 | ||||
4. Notes | |||||||||||||
(1) Changes in significant subsidiaries during the year ended September 30, 2022 | No | ||||||||||||
(changes in specified subsidiaries resulting in the change in scope of consolidation): | |||||||||||||
(2) 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: | Yes | ||||||||||||
Changes in accounting policies due to other reasons: | No | ||||||||||||
Changes in accounting estimates: | No | ||||||||||||
Restatement of prior period financial statements: | No |
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2022 | 28,391,464 | shares | As of September 30, 2021 | 28,391,464 | shares | |
Number of treasury shares at the end of the period | ||||||
As of September 30, 2022 | 636,916 | shares | As of September 30, 2021 | 638,432 | shares | |
Average number of shares during the period | ||||||
Year ended September 30, 2022 | 27,754,114 | shares | Year ended September 30, 2021 | 27,750,087 | shares |
2
Consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of September 30, 2021 | As of September 30, 2022 | ||
Assets | |||
Current assets | |||
Cash and deposits | 47,592 | 47,695 | |
Notes and accounts receivable - trade | 41,628 | - | |
Notes and accounts receivable - trade, and contract assets | - | 42,743 | |
Investments in leases | 24 | 19 | |
Merchandise and finished goods | 1,939 | 3,897 | |
Work in process | 1,568 | 897 | |
Raw materials and supplies | 1,372 | 1,467 | |
Other | 8,281 | 10,107 | |
Allowance for doubtful accounts | (713) | (902) | |
Total current assets | 101,693 | 105,927 | |
Non-current assets | |||
Property, plant and equipment | |||
Assets for rent, net | 79,707 | 82,229 | |
Buildings and structures, net | 12,735 | 13,225 | |
Machinery, equipment and vehicles, net | 2,220 | 2,265 | |
Land | 34,505 | 36,516 | |
Leased assets, net | 3,645 | 3,615 | |
Construction in progress | 1,768 | 5,205 | |
Other, net | 821 | 768 | |
Total property, plant and equipment | 135,403 | 143,825 | |
Intangible assets | |||
Goodwill | 2,018 | 1,614 | |
Other | 1,994 | 1,933 | |
Total intangible assets | 4,012 | 3,547 | |
Investments and other assets | |||
Investment securities | 2,015 | 2,148 | |
Long-term loans receivable | 212 | 12 | |
Deferred tax assets | 2,240 | 2,196 | |
Other | 3,666 | 4,356 | |
Allowance for doubtful accounts | (310) | (314) | |
Total investments and other assets | 7,823 | 8,399 | |
Total non-current assets | 147,240 | 155,771 | |
Total assets | 248,933 | 261,699 |
3
(Millions of yen) | |||
As of September 30, 2021 | As of September 30, 2022 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 21,308 | 22,465 | |
Short-term borrowings | 4,472 | 5,529 | |
Current portion of long-term borrowings | 7,235 | 8,951 | |
Current portion of bonds payable | 150 | 150 | |
Lease liabilities | 13,746 | 13,847 | |
Income taxes payable | 2,712 | 2,455 | |
Provision for bonuses | 2,316 | 2,419 | |
Provision for bonuses for directors (and other officers) | 139 | 143 | |
Accounts payable - facilities | 10,346 | 9,625 | |
Other | 10,810 | 10,713 | |
Total current liabilities | 73,239 | 76,301 | |
Non-current liabilities | |||
Bonds payable | 975 | 825 | |
Long-term borrowings | 32,162 | 36,835 | |
Lease liabilities | 29,024 | 27,580 | |
Deferred tax liabilities | 285 | 629 | |
Provision for retirement benefits for directors (and other | 250 | 262 | |
officers) | |||
Retirement benefit liability | 784 | 847 | |
Asset retirement obligations | 980 | 1,013 | |
Other | 444 | 624 | |
Total non-current liabilities | 64,906 | 68,619 | |
Total liabilities | 138,145 | 144,921 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 8,100 | 8,100 | |
Capital surplus | 9,085 | 8,165 | |
Retained earnings | 91,704 | 98,512 | |
Treasury shares | (1,907) | (1,903) | |
Total shareholders' equity | 106,983 | 112,875 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 282 | 277 | |
Deferred gains or losses on hedges | 20 | 17 | |
Foreign currency translation adjustment | (97) | 1,386 | |
Total accumulated other comprehensive income | 205 | 1,681 | |
Share acquisition rights | 30 | 16 | |
Non-controlling interests | 3,569 | 2,204 | |
Total net assets | 110,788 | 116,778 | |
Total liabilities and net assets | 248,933 | 261,699 |
4
Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income
(Millions of yen) | |||
Fiscal year ended | Fiscal year ended | ||
September 30, 2021 | September 30, 2022 | ||
Net sales | |||
Lease revenue | 131,577 | 140,087 | |
Net sales of merchandise and finished goods | 30,178 | 30,547 | |
Total net sales | 161,756 | 170,634 | |
Cost of sales | |||
Cost of lease revenue | 77,149 | 82,860 | |
Cost of merchandise and finished goods sold | 19,974 | 19,525 | |
Total cost of sales | 97,123 | 102,385 | |
Gross profit | 64,632 | 68,248 | |
Selling, general and administrative expenses | |||
Provision of allowance for doubtful accounts | 174 | 193 | |
Salaries and bonuses | 19,782 | 20,328 | |
Provision for bonuses | 2,235 | 2,310 | |
Provision for bonuses for directors (and other officers) | 140 | 145 | |
Retirement benefit expenses | 560 | 640 | |
Provision for retirement benefits for directors (and other | 33 | 35 | |
officers) | |||
Depreciation | 3,128 | 3,391 | |
Insurance expenses | 3,174 | 2,935 | |
Rent expenses | 5,744 | 6,013 | |
Amortization of goodwill | 692 | 674 | |
Other | 15,251 | 16,694 | |
Total selling, general and administrative expenses | 50,917 | 53,364 | |
Operating profit | 13,714 | 14,884 | |
Non-operating income | |||
Interest income | 59 | 67 | |
Dividend income | 35 | 33 | |
Insurance claim income | 114 | 110 | |
Foreign exchange gains | 4 | 29 | |
Gain on sale of scraps | 84 | 87 | |
Other | 553 | 407 | |
Total non-operating income | 853 | 736 | |
Non-operating expenses | |||
Interest expenses | 990 | 1,061 | |
Tender offer related expenses | - | 140 | |
Other | 127 | 117 | |
Total non-operating expenses | 1,118 | 1,319 | |
Ordinary profit | 13,450 | 14,301 | |
Extraordinary income | |||
Gain on sale of non-current assets | 101 | 33 | |
Gain on sale of investment securities | - | 24 | |
Total extraordinary income | 101 | 58 |
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Nishio Rent All Co. Ltd. published this content on 10 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2022 05:41:00 UTC.