Consolidated Financial Results
for the Fiscal Year ended February 28, 2023
(Japanese GAAP)
April 7, 2023
Company Name: Wakita & Co., LTD.
Code Number: 8125
(URL: https://www.wakita.co.jp/)
Stock Exchange Listing: Tokyo Stock Exchange Prime Market
Representative: Teiji Wakita, President and Representative Director
Contact: Atsuhiko Nariyama, Executive Officer, General Manager of General Affairs Division
Phone: 06-6449-1901
Scheduled date of Ordinary General Shareholders' Meeting: May 25, 2023
Scheduled date to commence dividend payment: May 26, 2023
Scheduled date to submit the Securities Report: May 29, 2023
Supplementary information for financial results: Available
Organization of financial results briefing: Available
(Figures are rounded down to the nearest million yen)
1. Consolidated Financial Results for Fiscal 2023 (From March 1, 2022 to February 28, 2023)
(1) Consolidated Results of Operations | (Percentage figures indicate changes from the previous year) | |||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||
owners of parent | ||||||||
Fiscal 2023 | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % |
78,870 | 5.2 | 5,765 | 4.7 | 5,880 | 3.9 | 3,901 | 9.2 | |
Fiscal 2022 | 74,989 | 1.3 | 5,506 | 1.5 | 5,661 | (0.0) | 3,573 | 12.0 |
(Note) Comprehensive income: Fiscal 2023: ¥3,965 million [1.5%] | |||||||
Fiscal 2022: ¥3,908 million [4.1%] | |||||||
Profit per share | Fully diluted profit | Rate of return on | Ordinary profit to | Operating profit to | |||
per share | equity | total assets | net sales | ||||
Yen | Yen | % | % | % | |||
Fiscal 2023 | 76.44 | - | 4.0 | 4.2 | 7.3 | ||
Fiscal 2022 | 68.84 | - | 3.7 | 4.0 | 7.3 |
(Reference) Equity in earnings (losses) of affiliated companies: Fiscal 2023: ¥ - million Fiscal 2022: ¥ - million
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | |
Millions of yen | Millions of yen | % | Yen | |
Fiscal 2023 | 138,652 | 99,574 | 71.2 | 1,968.96 |
Fiscal 2022 | 144,376 | 99,093 | 68.1 | 1,895.93 |
(Reference) Equity: Fiscal 2023: ¥98,709 million Fiscal 2022: ¥98,373 million
(3) Consolidated Cash Flows
Cash flows from | Cash flows from | Cash flows from | Cash and cash | |
equivalents at the end of | ||||
operating activities | investing activities | financing activities | ||
the period | ||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | |
Fiscal 2023 | 4,168 | (5,555) | (9,214) | 23,142 |
Fiscal 2022 | 15,502 | (2,135) | (6,168) | 33,724 |
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2. Dividends
Cash dividends per share | |||||
End of 1Q | End of 2Q | End of 3Q | Year-end | Total | |
Yen | Yen | Yen | Yen | Yen | |
Fiscal 2022 | - | 0.00 | - | 33.00 | 33.00 |
Fiscal 2023 | - | 0.00 | - | 38.00 | 38.00 |
Fiscal 2024 (Forecast) | - | 0.00 | - | 43.00 | 43.00 |
Total dividends
paid (total)
Millions of yen
1,716
1,909
Payout ratio | Dividends to | |
net assets | ||
(consolidated) | ||
(consolidated) | ||
% | % | |
47.9 | 1.8 | |
49.7 | 2.0 | |
51.3 |
3. Forecast of Consolidated Financial Results for Fiscal 2024 (From March 1, 2023 to February 29, 2024)
(Percentage figures indicate changes from the previous year)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Profit per share | |||||
owners of parent | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
Full year | 90,000 | 14.1 | 6,400 | 11.0 | 6,550 | 11.4 | 4,200 | 7.6 | 83.78 |
* Notes
-
Significant changes of subsidiaries during the period under review (affecting specific subsidiaries due to changes in scope of consolidation): None
Companies added to the scope: None
Companies removed from the scope: None - Changes in accounting policies, changes in accounting estimates and restatements
- Changes in accounting policies due to the revision of accounting standards, etc.: Applicable
- Any changes in accounting policies other than 1) above: Not applicable
- Changes in accounting estimates: Not applicable
- Restatements: Not applicable
- Number of shares issued (common shares)
- Number of shares issued at the end of period (including treasury shares):
Fiscal 2023: 52,021,297 shares
Fiscal 2022: 52,021,297 shares
-
Number of treasury shares at the end of period: Fiscal 2023: 1,888,341 shares
Fiscal 2022: 134,756 shares - Average number of shares during the period: Fiscal 2023: 51,046,848 shares
Fiscal 2022: 51,918,501 shares
2
(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for Fiscal 2023 (From March 1, 2022 to February 28, 2023)
(1) Non-consolidated Results of Operations | (Percentage figures indicate changes from the previous year) | ||||||||
Net sales | Operating profit | Ordinary profit | Profit | ||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||
Fiscal 2023 | 53,682 | 0.5 | 4,761 | 5.1 | 5,120 | 4.2 | 3,916 | 3.1 | |
Fiscal 2022 | 53,430 | (1.1) | 4,529 | 0.4 | 4,915 | 0.2 | 3,798 | 18.7 | |
Profit per share | Fully diluted profit | ||||||||
per share | |||||||||
Yen | Yen | ||||||||
Fiscal 2023 | 76.71 | - | |||||||
Fiscal 2022 | 73.16 | - | |||||||
(2) Non-consolidated Financial Position | |||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||
Millions of yen | Millions of yen | % | Yen | ||||||
Fiscal 2023 | 126,074 | 97,914 | 77.7 | 1,953.10 | |||||
Fiscal 2022 | 131,564 | 97,683 | 74.2 | 1,882.63 | |||||
(Reference) Equity: Fiscal | 2023: ¥97,914 million | ||||||||
Fiscal 2022: ¥97,683 million |
2. Forecast of Non-consolidated Financial Results for Fiscal 2024 (From March 1, 2023 to February 29, 2024)
(Percentage figures indicate changes from the previous year)
Net sales | Ordinary profit | Profit | Profit per share | ||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
Full year | 59,000 | 9.9 | 5,800 | 13.3 | 4,000 | 2.1 | 79.79 |
*These Consolidated Financial Results are not subject to audits by certified public accountants or an auditing firm.
*Explanation for the appropriate use of performance forecasts and other special notes:
The performance forecasts and other descriptions on future events presented in this material are based on information that was available at the time of preparation of this material and based on certain assumptions considered to be reasonable, and not intended to guarantee their achievement. The actual performance, etc. may differ materially from these forecasts due to various factors.
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Consolidated Financial Statements
(1) Consolidated Balance Sheets
(Millions of yen) | |||
As of February 28, 2022 | As of February 28, 2023 | ||
Assets | |||
Current assets | |||
Cash and deposits | 27,774 | 20,210 | |
Notes and accounts receivable - trade | 22,430 | - | |
Bills receivable | 7,739 | ||
Accounts receivable | 12,442 | ||
Securities | 6,150 | 3,713 | |
Merchandise | 2,930 | 5,305 | |
Supplies | 111 | 150 | |
Other | 631 | 975 | |
Allowance for doubtful accounts | (78) | (69) | |
Total current assets | 59,950 | 50,467 | |
Non-current assets | |||
Property, plant and equipment | |||
Assets for rent | 40,479 | 43,942 | |
Accumulated depreciation | (29,159) | (31,484) | |
Assets for rent, net | 11,320 | 12,457 | |
Real estate for rent | |||
Buildings and accompanying facilities for rent | 34,171 | 33,355 | |
Accumulated depreciation | (10,682) | (11,262) | |
Buildings and accompanying facilities for rent, net | 23,488 | 22,092 | |
Land for rent | 20,319 | 20,585 | |
Buildings and structures | 12,612 | 13,836 | |
Accumulated depreciation | (6,831) | (7,231) | |
Buildings and structures, net | 5,781 | 6,604 | |
Land | 8,413 | 11,079 | |
Leased assets | 44 | 125 | |
Accumulated depreciation | (28) | (86) | |
Leased assets, net | 15 | 38 | |
Other | 2,705 | 4,915 | |
Accumulated depreciation | (1,887) | (2,057) | |
Other, net | 818 | 2,858 | |
Total property, plant and equipment | 70,157 | 75,716 | |
Intangible assets | |||
Goodwill | 7,163 | 6,070 | |
Other | 634 | 636 | |
Total intangible assets | 7,797 | 6,706 | |
Investments and other assets | |||
Investment securities | 4,041 | 2,991 | |
Retirement benefit asset | 689 | 787 | |
Deferred tax assets | 271 | 223 | |
Other | 1,911 | 2,260 | |
Allowance for doubtful accounts | (443) | (503) | |
Total investments and other assets | 6,470 | 5,761 | |
Total non-current assets | 84,425 | 88,184 | |
Total assets | 144,376 | 138,652 |
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(Millions of yen)
As of February 28, 2022 As of February 28, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Lease liabilities
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Provision for share based compensation expenses for directors
Provision for retirement benefits for directors (and other officers)
Retirement benefit liability
Long-term accounts payable - facilities
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities Deferred gains or losses on hedges
Revaluation reserve for land
Remeasurements of defined benefit plans
18,524 | 10,626 |
1,103 | 920 |
77 | 122 |
5 | 20 |
1,569 | 1,201 |
373 | 405 |
7,255 | 7,552 |
28,910 | 20,848 |
172 | 543 |
15 | 22 |
899 | 814 |
435 | 435 |
84 | 106 |
18 | 21 |
252 | 283 |
10,434 | 11,969 |
4,058 | 4,032 |
16,372 | 18,229 |
45,282 | 39,078 |
13,821 | 13,821 |
16,627 | 16,627 |
68,675 | 71,092 |
(154) | (2,154) |
98,969 | 99,386 |
1,288 | 1,086 |
94 | 185 |
(2,144) | (2,144) |
164 | 195 |
Total accumulated other comprehensive income | (596) | (676) |
Non-controlling interests | 720 | 864 |
Total net assets | 99,093 | 99,574 |
Total liabilities and net assets | 144,376 | 138,652 |
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Wakita & Co. Ltd. published this content on 07 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 April 2023 06:34:08 UTC.