Flash Report for the First Half of 2022 [Japan GAAP](Consolidated)
August 3, 2022 | |||||||||||||
Company Name: SHIZUOKA GAS CO., LTD. | Listing: Tokyo Stock Exchange | ||||||||||||
Code Number: | 9543 | URL: | https://ir.shizuokagas.co.jp/en/ | ||||||||||
Representative: | Kishida Hiroyuki, Representative Director and President | ||||||||||||
Contact: | Taniguchi Katsumi, Accounting and Finance Manager, Management Planning Dept. | ||||||||||||
Telephone: | +81-54-284-7990 | ||||||||||||
Date for presentation of the quarterly report: | August 9, 2022 | ||||||||||||
Date of dividend payment: | September 1, 2022 | ||||||||||||
Preparation of supplemental explanatory materials: Yes | |||||||||||||
Holding of quarterly results briefing session: | Yes (for institutional investors) | ||||||||||||
1. Consolidated Business Results for the First Half (January 1 through June 30, 2022) | |||||||||||||
(Amounts under one million yen are omitted; YoY % change) | |||||||||||||
(1) Operating Results | |||||||||||||
Net sales | Operating profit | Ordinary profit | |||||||||||
(¥ million) | (¥ million) | (¥ million) | |||||||||||
Reporting First Half | 94,795 | 51.7% | 7,962 | (44.7% | 8,835 | ((36.2% | |||||||
Previous First Half | 62,480 | (((6.3) | 5,500 | ( (97.3 | 6,487 | ((123.9 | |||||||
Note: Total comprehensive income | (¥ million) | ||||||||||||
Reporting First Half: 7,063 (20.6%) | Previous First Half: 5,858 (-%) | ||||||||||||
Profit attributable to owners | Profit | Diluted profit | |||||||||||
of parent (¥ million) | per share (¥) | per share (¥) | |||||||||||
Reporting First Half | ((((5,961 | ((37.7% | 80.42 | 80.30 | |||||||||
Previous First Half | (4,330 | (423.0 | 58.46 | 58.36 | |||||||||
(2) Financial Position | |||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||
(¥ million) | (¥ million) | (%) | |||||||||||
Reporting First Half | 129,370 | 98,636 | 71.7 | ||||||||||
Previous full term | 123,996 | 92,150 | 69.6 | ||||||||||
Note: Net assets excluding share | acquisition rights and non- | controlling interests (¥ million) | |||||||||||
Reporting First Half: 92,793 | Previous full term: 86,308 | ||||||||||||
2. Dividend Payment | |||||||||||||
Annual dividend per share (¥) | |||||||||||||
1Q | 2Q | 3Q | Term-end | Total | |||||||||
FY 2021 | - | 9.00 | - | 9.00 | 18.00 | ||||||||
FY 2022 | - | 9.50 | / | / | / | ||||||||
FY 2022(forecast) | / | / | - | 9.50 | 19.00 |
Note: Revision of previously announced dividend forecast: No
3. Consolidated Business Forecast for Current Term (January 1 through December 31, 2022)
(Amounts under one million yen are omitted; YoY % change)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Profit per |
owners of parent | ||||
(¥ million) | (¥ million) | (¥ million) | share (¥) | |
(¥ million) | ||||
Full term | 206,750 55.5% | 5,190 | 4.0% | 6,590 | 1.8% | 3,960 (3.8)% | 53.41 |
Note: Revision of previously announced consolidated business forecast: Yes |
1
※Notes
(1) Major changes in subsidiaries: No
Note: Transfer of specified subsidiaries during the reporting First Half resulting in changes in the scope of consolidation
-
Simplified accounting and special accounting methods for quarterly financial reporting: Yes
(Please refer to the section "(4) Notes Application of Special Accounting Methods in Preparation of Quarterly Consolidated Financial Statements" on P8) - Changes in accounting policies, estimates, or retrospective restatements
- Changes in accounting policies due to revisions of accounting standards: Yes
- Other: No
- Changes in accounting estimates: No
- Retrospective restatements: No
- Number of issued shares (ordinary shares)
- Number of shares issued at end of period (including treasury shares)
Reporting First Half: | 76,192,950 |
Previous full term: | 76,192,950 |
b) Number of treasury shares at end of period | |
Reporting First Half: | 2,043,810 |
Previous full term: | 2,090,713 |
c) Average number of shares outstanding during the term
Reporting First Half: | 74,124,877 |
Previous First Half: | 74,073,290 |
Quarterly Review
Quarterly financial results are exempt from quarterly review.
Notes on proper use of forecast, and other matters
Business forecast and other forward-looking statements contained in this document are assumptions based on information available to the company and judgments deemed rational at the time this document was published. Forward-looking statements are not a guarantee that forecast will be achieved. Actual earnings may differ significantly from business forecast due to various factors.
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Quarterly Consolidated Financial Statements and Notes
(1) Consolidated Balance Sheets
(Million yen) | ||||
As of December 31,2021 | As of June 30,2022 | |||
Assets | ||||
Non-current assets | ||||
Property, plant and equipment | ||||
Production facilities | 4,736 | 4,386 | ||
Distribution facilities | 33,926 | 34,063 | ||
Service and maintenance facilities | 6,000 | 5,876 | ||
Other facilities | 7,984 | 8,729 | ||
Construction in progress | 2,343 | 2,781 | ||
Total property, plant and equipment | 54,992 | 55,837 | ||
Intangible assets | 1,266 | 1,789 | ||
Investments and other assets | ||||
Investment securities | 10,113 | 13,610 | ||
Long-term loans receivable | 4,030 | 3,704 | ||
Deferred tax assets | 703 | 597 | ||
Other investments | 1,937 | 2,141 | ||
Allowance for doubtful accounts | (71) | (71) | ||
Total investments and other assets | 16,713 | 19,982 | ||
Total non-current assets | 72,972 | 77,609 | ||
Current assets | ||||
Cash and deposits | 13,658 | 18,597 | ||
Notes and accounts receivable - trade | 15,013 | - | ||
Notes and accounts receivable - trade, and contract | - | 17,263 | ||
assets | ||||
Merchandise and finished goods | 565 | 673 | ||
Raw materials and supplies | 9,193 | 12,515 | ||
Accounts receivable - other | 10,478 | 424 | ||
Other current assets | 2,167 | 2,328 | ||
Allowance for doubtful accounts | (53) | (41) | ||
Total current assets | 51,024 | 51,761 | ||
Total assets | 123,996 | 129,370 | ||
3
(Million yen) | |||
As of December 31,2021 | As of June 30,2022 | ||
Liabilities | |||
Non-current liabilities | |||
Long-term borrowings | 5,124 | 4,807 | |
Deferred tax liabilities | 389 | 350 | |
Retirement benefit liability | 2,739 | 2,647 | |
Other noncurrent liabilities | 98 | 191 | |
Total non-current liabilities | 8,352 | 7,997 | |
Current liabilities | |||
Current portion of non-current liabilities | 1,500 | 1,308 | |
Accounts payable - trade | 15,189 | 10,987 | |
Short-term borrowings | - | 1,570 | |
Accounts payable - other | 1,882 | 2,325 | |
Income taxes payable | 1,724 | 3,371 | |
Provision for bonuses | 411 | 405 | |
Other current liabilities | 2,784 | 2,768 | |
Total current liabilities | 23,494 | 22,737 | |
Total liabilities | 31,846 | 30,734 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 6,279 | 6,279 | |
Capital surplus | 4,984 | 5,003 | |
Retained earnings | 72,403 | 78,290 | |
Treasury shares | (1,062) | (1,038) | |
Total shareholders' equity | 82,604 | 88,534 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 2,938 | 3,619 | |
Deferred gains or losses on hedges | 320 | 34 | |
Foreign currency translation adjustment | (59) | 150 | |
Remeasurements of defined benefit plans | 503 | 454 | |
Total accumulated other comprehensive income | 3,703 | 4,258 | |
Share acquisition rights | 91 | 85 | |
Non-controlling interests | 5,749 | 5,757 | |
Total net assets | 92,150 | 98,636 | |
Total liabilities and net assets | 123,996 | 129,370 | |
4
- Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
(Million yen) | ||
For the six months | For the six months | |
ended June 30,2021 | ended June 30,2022 | |
Net sales | 62,480 | 94,795 |
Cost of sales | 43,439 | 72,795 |
Gross profit | 19,041 | 22,000 |
Selling, general and administrative expenses | 13,540 | 14,037 |
Operating profit | 5,500 | 7,962 |
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method
Miscellaneous income
Total non-operating income
Non-operating expenses
42 | 43 |
542 | 295 |
275 | 402 |
198 | 263 |
1,058 | 1,004 |
Interest expenses | 37 | 43 |
Foreign exchange losses | 22 | 50 |
Miscellaneous expenses | 12 | 37 |
Total non-operating expenses | 72 | 131 |
Ordinary profit | 6,487 | 8,835 |
Profit before income taxes | 6,487 | 8,835 |
Income taxes | 1,623 | 2,317 |
Profit | 4,863 | 6,518 |
Profit attributable to non-controlling interests | 533 | 556 |
Profit attributable to owners of parent | 4,330 | 5,961 |
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Shizuoka Gas Co. Ltd. published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 07:21:13 UTC.