Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Consolidated Financial Results | |||||||||||
for the Six Months Ended September 30, 2021 | |||||||||||
[Under Japanese GAAP] | |||||||||||
November 16, 2021 | |||||||||||
C o m p a n y | n a m e | : | Tsurumi Manufacturing Co.,Ltd. | ||||||||
L | i | s | t | i | n | g | : | Tokyo Stock Exchange | |||
S e c u r i t i e s | c o d e | : | 6351 | ||||||||
U | R | L | : | https://www.tsurumipump.co.jp | |||||||
R e p r e s e n t a t i v e | : | Osamu Tsujimoto, President | |||||||||
I | n | q u | i | r | i | e | s | : | Keiichiro Tsuruga, Executive Officer, Administration Division | ||
T e l e p h | o | n | e | : | +81-6-6911-2351 | ||||||
Scheduled | date | to | file | quarterly securities report | : | November 12, 2021 | |||||
Scheduled date to commence dividend payments | : | December 10, 2021 | |||||||||
Preparation of supplementary material on quarterly financial results | : | None | |||||||||
Holding | of | quarterly | financial results briefing | : | None |
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated financial results for the six months ended September 30, 2021 (from April 1, 2021 to September 30, 2021)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-on-year changes.) | |||||||
Net Sales | Operating profit | Ordinary profit | Profit attributable to | |||||
owners of parent | ||||||||
Six months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % |
September 30, 2021 | 22,151 | 9.5 | 2,421 | 9.9 | 2,915 | 14.4 | 2,068 | 14.5 |
September 30, 2020 | 20,230 | (1.1) | 2,203 | 6.9 | 2,548 | 18.9 | 1,806 | 12.1 |
(Note) Comprehensive income | ||
For the six months ended September 30, 2021 | : | ¥2,705 million [10.8%] |
For the six months ended September 30, 2020 | : | ¥2,442 million [80.3%] |
Earnings per share | Earnings per share | ||||
(diluted) | |||||
Six months ended | Yen | Yen | |||
September 30, 2021 | 82.59 | ― | |||
September 30, 2020 | 72.16 | ― | |||
(2) Consolidated financial position | |||||
Total assets | Net assets | Equity-to-asset ratio | |||
As of | Millions of yen | Millions of yen | % | ||
September 30, 2021 | 81,435 | 68,966 | 83.5 | ||
March 31, 2021 | 81,487 | 66,874 | 81.0 | ||
(Reference) Equity | |||||
As of September 30, 2021 | : ¥68,027 million | ||||
As of March 31, 2021 | : ¥65,980 million |
-1-
2. Cash dividends
Annual dividends per share
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | |||
Yen | Yen | Yen | Yen | Yen | |||
Fiscal year ended | |||||||
March 31, 2021 | ― | 14.00 | ― | 22.00 | 36.00 | ||
Fiscal year ending | |||||||
March 31, 2022 | ― | 17.00 | |||||
Fiscal year ending | |||||||
March 31, 2022 | ― | 21.00 | 38.00 | ||||
(Forecast) |
(Note) Revisions to the forecast of cash dividends most recently announced: None
3. Consolidated financial results forecast for the fiscal year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
(Percentages indicate changes from the previous corresponding period.)
Profit attributable to | Basic | |||||||||
Net sales | Operating profit | Ordinary profit | earnings | |||||||
owners of parent | ||||||||||
per share | ||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||
Fiscal year ending | ||||||||||
March 31, 2022 | 47,000 | 3.7 | 5,600 | 0.9 | 5,800 | (9.4) | 4,060 | (2.3) | 162.15 |
(Note) Revisions to the forecast of consolidated financial results most recently announced: None
Notes
-
Changes in significant subsidiaries during the period
(changes in specified subsidiaries resulting in the change in scope of consolidation): None - Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
- Changes in accounting policies, changes in accounting estimates, and restatement
ⅰ. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
ⅱ. Changes in accounting policies due to other reasons: None
ⅲ. Changes in accounting estimates: None
ⅳ. Restatement: None
(4) Number of issued shares (common shares)
ⅰ. Number of issued shares at the end of the period (including treasury shares)
As of September 30, 2021: | 27,500,000 | shares |
As of March 31, 2021: | 27,500,000 | shares |
ⅱ. Number of treasury shares at the end of the period | ||
As of September 30, 2021: | 2,461,987 | shares |
As of March 31, 2021: | 2,461,871 | shares |
ⅲ. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2021: | 25,038,050 | shares |
Six months ended September 30, 2020: | 25,038,129 | shares |
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
- Explanations of the appropriate use of financial forecasts and other special notes
The forecasts, including financial results forecast, given in this document are based on information available to the Company and on certain assumptions deemed to be reasonable at the time of the issuance of this document. And the Company does not guarantee the achievement of these forecasting numbers. Actual results may differ from these forecasts by a variety of reasons.
-2-
1. Quarterly Consolidated Balance Sheets
(Millions of yen) | ||
As of March 31, 2021 | As of September 30, 2021 | |
Assets | ||
Current assets | ||
Cash and deposits | 15,707 | 18,132 |
Notes and accounts receivable - trade | 18,505 | - |
Notes and accounts receivable - trade, and contract assets | - | 15,360 |
Securities | 1,308 | 1,283 |
Inventories | 10,495 | 11,424 |
Other | 3,034 | 2,170 |
Allowance for doubtful accounts | (40) | (27) |
Total current assets | 49,010 | 48,342 |
Non-current assets | ||
Property, plant and equipment | ||
Land | 8,189 | 8,219 |
Other, net | 6,225 | 6,792 |
Total property, plant and equipment | 14,415 | 15,012 |
Intangible assets | 1,435 | 1,448 |
Investments and other assets | ||
Investment securities | 14,368 | 14,581 |
Other | 2,413 | 2,206 |
Allowance for doubtful accounts | (2) | (2) |
Allowance for investment loss | (154) | (154) |
Total investments and other assets | 16,626 | 16,632 |
Total non-current assets | 32,477 | 33,092 |
Total assets | 81,487 | 81,435 |
-3-
(Millions of yen) | ||
As of March 31, 2021 | As of September 30, 2021 | |
Liabilities | ||
Current liabilities | ||
Accounts payable - trade | 6,519 | 5,261 |
Current portion of long-term borrowings | 300 | 300 |
Current portion of bonds payable | 700 | 700 |
Income taxes payable | 1,164 | 636 |
Provision for bonuses | 953 | 700 |
Other | 2,472 | 2,399 |
Total current liabilities | 12,109 | 9,998 |
Non-current liabilities | ||
Long-term borrowings | 1,800 | 1,800 |
Provisions | 195 | 202 |
Retirement benefit liability | 140 | 135 |
Other | 367 | 333 |
Total non-current liabilities | 2,502 | 2,470 |
Total liabilities | 14,612 | 12,469 |
Net assets | ||
Shareholders' equity | ||
Share capital | 5,188 | 5,188 |
Capital surplus | 7,810 | 7,810 |
Retained earnings | 52,133 | 53,634 |
Treasury shares | (2,119) | (2,119) |
Total shareholders' equity | 63,012 | 64,513 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 2,078 | 2,202 |
Foreign currency translation adjustment | 834 | 1,251 |
Remeasurements of defined benefit plans | 54 | 60 |
Total accumulated other comprehensive income | 2,968 | 3,514 |
Non-controlling interests | 894 | 938 |
Total net assets | 66,874 | 68,966 |
Total liabilities and net assets | 81,487 | 81,435 |
-4-
2. Quarterly Consolidated Statements of Income and Comprehensive Income
(Quarterly Consolidated Statements of Income)
(Millions of yen) | ||
Six months ended | Six months ended | |
September 30, 2020 | September 30, 2021 | |
Net sales | 20,230 | 22,151 |
Cost of sales | 13,459 | 14,714 |
Gross profit | 6,770 | 7,436 |
Selling, general and administrative expenses | 4,567 | 5,015 |
Operating profit | 2,203 | 2,421 |
Non-operating income | ||
Interest income | 120 | 124 |
Dividend income | 131 | 116 |
Foreign exchange gains | - | 117 |
Other | 294 | 147 |
Total non-operating income | 546 | 505 |
Non-operating expenses | ||
Interest expenses | 5 | 5 |
Foreign exchange losses | 150 | - |
Other | 45 | 4 |
Total non-operating expenses | 201 | 10 |
Ordinary profit | 2,548 | 2,915 |
Profit before income taxes | 2,548 | 2,915 |
Income taxes - current | 631 | 735 |
Income taxes - deferred | 71 | 87 |
Income taxes | 702 | 823 |
Profit | 1,845 | 2,092 |
Profit attributable to non-controlling interests | 38 | 24 |
Profit attributable to owners of parent | 1,806 | 2,068 |
-5-
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Tsurumi Manufacturing Co. Ltd. published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 05:15:08 UTC.