FINANCIAL REPORT
(Report under Article 24, paragraph 1 of the Financial Instruments and Exchange Act)
Business Year from April 1, 2022 to March 31, 2023
(The 75th Term)
(TRANSLATION)
ARISAWA MFG. CO., LTD.
E01152
TABLE OF CONTENTS
Page Number
Cover Page | |||
PART I. INFORMATION ON THE BUSINESS | 1 | ||
I. General Conditions of Business | 1 | ||
1. | Changes in Principal Management Indicators, etc | 1 | |
2. | History | 3 | |
3. | Description of Business | 5 | |
4. | Status of Subsidiaries and Affiliated Companies | 7 | |
5. | Status of Employees | 9 | |
II. Status of Business | 11 | ||
1. | Management Policy, Management Environment and Tasks to be Addressed | 11 | |
2. | Views and Initiatives on Sustainability | 17 | |
3. | Business Risks, etc | 17 | |
4. | Analyses of Consolidated Financial Position, Business Results | ||
and Cash Flows by the Corporate Managers | 18 | ||
5. | Agreements with Managerial Implications, etc | 24 | |
6. | Research and Development Activities | 24 | |
III. Status of Facilities | 26 | ||
1. | Outline of Capital Investment | 26 | |
2. | Status of Major Facilities | 26 | |
3. | Plans for Installation and Retirement, etc. of Facilities | 28 | |
IV. Status of the Submitting Company | 29 | ||
1. | Status of Shares, etc | 29 | |
(1) Total Number of Shares, etc | 29 | ||
(2) | Status of Stock Acquisition Rights, etc | 30 | |
(3) | Status of Exercise of Moving Strike Convertible Bonds, etc | 31 | |
(4) | Changes in the Number of Shares Issued and Outstanding, Share Capital, etc | 32 | |
(5) | Status of Shareholder Categories | 33 | |
(6) | Status of Major Shareholders | 34 | |
(7) | Status of Voting Rights | 36 | |
(8) | Director and Employee Stock Ownership Plan | 36 | |
2. | Status of Acquisition of Treasury Shares, etc | 38 | |
3. | Dividend Policy | 39 | |
4. | Status of Corporate Governance, etc | 40 | |
(1) | Outline of Corporate Governance | 40 | |
(2) | Status of Directors and Officers | 46 | |
(3) | Status of Audit | 51 | |
(4) | Remuneration, etc. of Directors and Corporate Auditors | 53 | |
(5) | Status of Shareholding | 55 | |
V. Status of Accounting | 62 | ||
1. | Consolidated Financial Statements, etc | 63 | |
(1) | Consolidated Financial Statements | 63 | |
(2) | Other | 111 | |
2. | Financial Statements, etc | 112 | |
(1) | Financial Statements | 112 | |
(2) | Details of Major Assets and Liabilities | 127 | |
(3) | Other | 127 | |
VI. Outline of Share Handling of the Submitting Company | 127 | ||
VII. Reference Information on the Submitting Company | 128 | ||
1. Information on Parent Company, etc. of Submitting Company | 128 | ||
2. Other Reference Information | 128 | ||
PART II. INFORMATION ON GUARANTY COMPANIES, ETC. | |||
OF THE SUBMITTING COMPANY | 129 | ||
[Independent Auditors' Report] |
Cover Page
Document to be filed:
Statutory basis:
Filing to:
Date of filing:
Business year:
Company name (Japanese):
Company name (English):
Name and title of representative:
Location of head office:
Telephone number:
Contact person:
Place of contact:
Telephone number:
Contact person:
Places where copies of this Financial Report are made available for public inspection:
Financial Report
Article 24, paragraph 1 of the Financial Instruments and Exchange Act
Director-General of the Kanto Local Finance Bureau
June 30, 2023
The 75th Term (From April 1, 2022 to March 31, 2023)
Kabushiki-Kaisha Arisawa Seisakusho
Arisawa Mfg. Co., Ltd.
Yuta Arisawa, President and Representative Director
5-5,Minami-honcho1-chome,Joetsu-shi, Niigata
(025) 524-5126
Shuichi Kubota, Operating Officer supervising Corporate Strategy Department
5-5,Minami-honcho1-chome,Joetsu-shi, Niigata
(025) 524-5126
Shuichi Kubota, Operating Officer supervising Corporate Strategy Department
Arisawa Mfg. Co., Ltd., Tokyo Branch Office
(12-5, Yanagibashi 2-chome,Taito-ku, Tokyo) Tokyo Stock Exchange, Inc.
(2-1, Nihonbashi Kabutocho, Chuo-ku, Tokyo)
PART I. INFORMATION ON THE BUSINESS
I. General Conditions of Business
1. Changes in Principal Management Indicators, etc.
(1) Consolidated Management Indicators, etc.
Term | 71st term | 72nd term | 73rd term | 74th term | 75th term | ||
Closing month | March 2019 | March 2020 | March 2021 | March 2022 | March 2023 | ||
Net sales | (Millions of yen) | 44,728 | 45,970 | 46,439 | 43,089 | 42,722 | |
Ordinary profit or loss (Δ) | 4,297 | 2,783 | 3,578 | 4,204 | 2,717 | ||
(Millions of yen) | |||||||
Profit or loss (Δ) attributable | |||||||
to owners of parent | 2,861 | 212 | 2,160 | 3,911 | 2,856 | ||
(Millions of yen) | |||||||
Comprehensive income | 2,200 | △117 | 3,808 | 4,530 | 2,578 | ||
(Millions of yen) | |||||||
Net assets | (Millions of yen) | 53,462 | 49,018 | 47,444 | 47,965 | 47,107 | |
Total assets | 73,096 | 71,709 | 67,257 | 68,689 | 67,659 | ||
(Millions of yen) | |||||||
Net assets per share | (Yen) | 1,397.78 | 1,387.76 | 1,388.50 | 1,434.46 | 1,422.43 | |
Basic earnings or loss (Δ) per | 79.15 | 6.14 | 64.94 | 117.40 | 86.46 | ||
share | (Yen) | ||||||
Diluted earnings per share | 78.70 | 6.12 | 64.84 | 117.32 | 86.24 | ||
(Yen) | |||||||
Equity ratio | (%) | 69.3 | 64.3 | 68.8 | 69.6 | 69.5 | |
Return on equity | (%) | 5.7 | 0.4 | 4.7 | 8.3 | 6.0 | |
Price earnings ratio | (Times) | 10.0 | 130.7 | 15.4 | 8.2 | 14.5 | |
Cash flows from operating | 2,893 | 4,837 | 610 | 5,901 | 3,471 | ||
activities | (Millions of yen) | ||||||
Cash flows from investing | △3,304 | 6,580 | 1,567 | 2,869 | 508 | ||
activities | (Millions of yen) | ||||||
Cash flows from financing | △576 | △4,431 | △5,703 | △4,042 | △2,572 | ||
activities | (Millions of yen) | ||||||
Cash and cash equivalents at | |||||||
the end of period | 7,718 | 14,725 | 11,488 | 16,893 | 18,535 | ||
(Millions of yen) | |||||||
Number of employees | |||||||
(Parenthesized figures | 1,432 | 1,454 | 1,433 | 1,425 | 1,458 | ||
indicate the average number | |||||||
(313) | (294) | (290) | (316) | (282) | |||
of temporary employees not | |||||||
included in the total) | |||||||
Note: "Accounting Standard for Revenue Recognition" (Accounting Standards Board of Japan Statement No.29, March 31, 2020), etc. have been applied from the beginning of the 74th term. Principal Management Indicators, etc. from the 74th term onward are shown after application of the said Accounting Standard, etc.
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(2) Management Indicators, etc. of the Submitting Company
Term | 71st term | 72nd term | 73rd term | 74th term | 75th term | |||
Closing month | March 2019 | March 2020 | March 2021 | March 2022 | March 2023 | |||
Net sales | (Millions of yen) | 29,269 | 31,635 | 31,668 | 26,648 | 25,752 | ||
Ordinary profit or loss (Δ) | 2,602 | 2,365 | 1,932 | 2,852 | 2,365 | |||
(Millions of yen) | ||||||||
Profit or loss (Δ) | 1,947 | 6,792 | 1,396 | 2,348 | 2,673 | |||
(Millions of yen) | ||||||||
Share capital | (Millions of yen) | 7,541 | 7,594 | 7,623 | 7,643 | 7,847 | ||
Number of shares issued and | ||||||||
outstanding | 36,226 | 36,381 | 34,470 | 33,614 | 33,541 | |||
(Thousands of shares) | ||||||||
Net assets | (Millions of yen) | 36,571 | 38,931 | 40,484 | 41,016 | 39,573 | ||
Total assets | (Millions of yen) | 45,688 | 51,535 | 49,859 | 50,225 | 49,365 | ||
Net assets per share | (Yen) | 1,005.76 | 1,166.03 | 1,208.98 | 1,226.75 | 1,194.67 | ||
Dividend per share | (Yen) | |||||||
(Parenthesized figures indicate | 30.00 | 30.00 | 39.00 | 95.00 | 90.00 | |||
the amount of interim dividend | (-) | (-) | (-) | (5.00) | (-) | |||
per share included in the total) | ||||||||
Basic earnings or loss (Δ) | 53.87 | 195.86 | 41.98 | 70.49 | 80.94 | |||
per share | (Yen) | |||||||
Diluted earnings per share (Yen) | 53.56 | 195.28 | 41.91 | 70.44 | 80.73 | |||
Equity ratio | (%) | 79.7 | 75.2 | 80.8 | 81.4 | 80.1 | ||
Return on equity | (%) | 5.4 | 18.1 | 3.5 | 5.8 | 6.7 | ||
Price earnings ratio | (Times) | 14.7 | 4.1 | 23.8 | 13.6 | 15.5 | ||
Dividend payout ratio | (%) | 55.7 | 15.3 | 92.9 | 134.8 | 111.2 | ||
Number of employees | ||||||||
(Parenthesized figures indicate | 602 | 614 | 606 | 599 | 599 | |||
the average number of temporary | ||||||||
(119) | (134) | (99) | (90) | (104) | ||||
employees not included in the | ||||||||
total) | ||||||||
Shareholders' gross yield | (%) | |||||||
(Comparative Indicator: | 83.5 | 87.4 | 111.5 | 116.7 | 156.0 | |||
dividend-included TOPIX | (95.0) | (85.9) | (122.1) | (124.6) | (131.8) | |||
(Tokyo Stock Price Index)) | ||||||||
Highest share price | (Yen) | 1,350 | 1,148 | 1,118 | 1,072 | 1,438 | ||
Lowest share price | (Yen) | 655 | 680 | 738 | 844 | 885 | ||
Note: 1. "Highest share price" and "Lowest share price" are recorded in Tokyo Stock Exchange (First section).
2. "Accounting Standard for Revenue Recognition" (Accounting Standards Board of Japan Statement No.29, March 31, 2020), etc. have been applied from the beginning of the 74th term. Principal Management Indicators, etc. from the 74th term onward are shown after application of the said Accounting Standard, etc.
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Arisawa Mfg Co. Ltd. published this content on 31 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2023 06:29:07 UTC.