This document is a summary translation of the Japanese language original version. In the event of any discrepancy, errors and/or omissions, the Japanese language version shall prevail.
May 8, 2023
Highlights of Consolidated Results for Fiscal Year ended March 31, 2023
Millions of yen (except for per share amounts) | |||||||
Year ended Mar. 31, 2022 | Year ended Mar. 31, 2023 | Change | |||||
Revenue | 710,938 | 815,269 | 14.7% | ||||
Business segment profit | 84,552 | 60,404 | -28.6% | ||||
Operating profit | 85,501 | 55,378 | -35.2% | ||||
Profit before income taxes | 86,429 | 56,953 | -34.1% | ||||
Profit for the period | 61,515 | 39,086 | -36.5% | ||||
Profit for the period attributable to owners of the parent company | 61,030 | 39,082 | -36.0% | ||||
Comprehensive income for the period | 97,734 | 59,900 | -38.7% | ||||
Basic earnings per share for the period (yen) | 234.89 | 152.67 | |||||
Diluted earnings per share for the period (yen) | 234.18 | 152.22 | |||||
Dividends per common share (yen) | 64.00 | 68.00 |
(Note) Business segment profit is calculated by subtracting cost of sales and selling, general and administrative expenses from revenue.
As of Mar. 31, 2022 | As of Mar. 31, 2023 | |||||
Total assets | 811,149 | 850,486 | ||||
Total equity | 561,211 | 596,680 | ||||
Equity attributable to owners of the parent company | 561,146 | 596,619 | ||||
Equity attributable to owners of the parent company ratio | 69.2 | % | 70.2 | % | ||
Equity attributable to owners of the parent company per share (yen) | 2,170.46 | 2,334.34 | ||||
Year ended Mar. 31, 2022 | Year ended Mar. 31, 2023 | |||||
Net cash provided by operating activities | 72,254 | 14,432 | ||||
Net cash provided by (used in) investing activities | (40,781) | (32,198) | ||||
Net cash provided by (used in) financing activities | (65,191) | (36,638) | ||||
Cash and cash equivalents at end of period | 167,915 | 119,042 |
Highlights of Consolidated Forecast for Fiscal Year ending March 31, 2024
Millions of yen (except for per share amounts) | |||||||
[Forecast] | |||||||
Year ended Mar. 31, 2023 | Year ended Mar. 31, 2024 | Change | |||||
Revenue | 815,269 | 840,000 | 3.0% | ||||
Business segment profit | 60,404 | 70,000 | 15.9% | ||||
Operating profit | 55,378 | 70,000 | 26.4% | ||||
Profit before income taxes | 56,953 | 70,000 | 22.9% | ||||
Profit for the period | 39,086 | 50,000 | 27.9% | ||||
Profit for the period attributable to owners of the parent company | 39,082 | 50,000 | 27.9% | ||||
Basic earnings per share for the period (yen) | 152.67 | 195.32 | |||||
Dividends per common share (yen) | 68.00 | 68.00 |
(Note) Business segment profit is calculated by subtracting cost of sales and selling, general and administrative expenses from revenue.
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Notes:
- The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS).
- Amounts less than 1 million yen have been rounded down.
- Operating results for the year ended Mar. 31, 2023 are based on the following currency exchange rates: Actual average rates for the year ended Mar. 31, 2023: US$=134.95 yen, EURO=141.24 yen Forecasts for the year ending Mar. 31, 2024 are based on the following currency exchange rates: Assumed average rates for the year ending Mar. 31, 2024: US$=135.00 yen, EURO=140.00 yen
-
Number of shares outstanding (including treasury stock): 262,220 thousands as of Mar. 31, 2022, 257,755 thousands as of Mar. 31, 2023
Number of treasury stock outstanding: 3,683 thousands as of Mar. 31, 2022, 2,172 thousands as of Mar. 31, 2023 Number of weighted average shares:
259,827 thousands during the year ended Mar. 31, 2022, 255,993 thousands during the year ended Mar. 31, 2023
(Note) The Company has introduced a Performance Share using a BIP trust for directors, and the Company's shares held by the trust (258,000 shares for the third quarter of the year ended Mar. 31, 2023) are included in treasury stock.
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Consolidated Statement of Financial Position | ||||
Millions of yen | ||||
FY2021 | FY2022 | |||
(As of March 31, | (As of March 31, | |||
2022) | 2023) | |||
Assets | ||||
Current assets | ||||
Cash and cash equivalents | 167,915 | 119,042 | ||
Trade and other receivables | 102,685 | 123,260 | ||
Other financial assets | 11,419 | 10,867 | ||
Inventories | 169,583 | 222,133 | ||
Other current assets | 24,843 | 36,441 | ||
Subtotal | 476,447 | 511,746 | ||
Non-current assets classified as held for sale | 297 | - | ||
Total current assets | 476,745 | 511,746 | ||
Non-current assets | ||||
Property, plant and equipment | 117,127 | 128,496 | ||
Right-of-use assets | 21,136 | 25,002 | ||
Investment property | 7,858 | 6,217 | ||
Goodwill and intangible assets | 121,689 | 114,220 | ||
Investments accounted for using the equity | 1,862 | 2,006 | ||
method | ||||
Other financial assets | 33,389 | 29,497 | ||
Deferred tax assets | 21,261 | 20,818 | ||
Other non-current assets | 10,078 | 12,480 | ||
Total non-current assets | 334,404 | 338,740 | ||
Total assets | 811,149 | 850,486 |
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Millions of yen | |||
FY2021 | FY2022 | ||
(As of March 31, | (As of March 31, | ||
2022) | 2023) | ||
Liabilities and Equity | |||
Liabilities | |||
Current liabilities | |||
Trade and other payables | 71,247 | 82,755 | |
Bonds and borrowings | 20,121 | 36,823 | |
Other financial liabilities | 9,517 | 9,387 | |
Income tax payables | 14,084 | 5,472 | |
Provisions | 3,211 | 4,031 | |
Contract liabilities | 7,807 | 6,556 | |
Other current liabilities | 53,516 | 56,249 | |
Total current liabilities | 179,506 | 201,276 | |
Non-current liabilities | |||
Bonds and borrowings | 20,705 | 600 | |
Other financial liabilities | 20,379 | 23,105 | |
Retirement benefits liabilities | 16,366 | 14,997 | |
Provisions | 2,972 | 3,593 | |
Deferred tax liabilities | 7,207 | 7,055 | |
Contract liabilities | 1,600 | 2,049 | |
Other non-current liabilities | 1,197 | 1,127 | |
Total non-current liabilities | 70,431 | 52,529 | |
Total liabilities | 249,937 | 253,806 | |
Equity | |||
Capital stock | 19,209 | 19,209 | |
Capital surplus | 17,866 | 17,849 | |
Retained earnings | 554,910 | 568,055 | |
Treasury stock | (5,428) | (3,533) | |
Other components of equity | (25,411) | (4,962) | |
Equity attributable to owners of the parent | 561,146 | 596,619 | |
company | |||
Non-controlling interests | 65 | 60 | |
Total equity | 561,211 | 596,680 | |
Total equity and liabilities | 811,149 | 850,486 |
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Consolidated Statement of Income | ||||
Millions of yen | ||||
FY2021 | FY2022 | |||
(Year ended | (Year ended | |||
March 31, 2022) | March 31, 2023) | |||
Revenue | 710,938 | 815,269 | ||
Cost of sales | (403,614) | (495,681) | ||
Gross profit | 307,324 | 319,587 | ||
Selling, general and administrative expenses | (222,771) | (259,183) | ||
Other income | 5,621 | 9,544 | ||
Other expenses | (4,672) | (14,570) | ||
Operating profit | 85,501 | 55,378 | ||
Finance income | 4,079 | 6,306 | ||
Finance expenses | (3,338) | (4,983) | ||
Share of profit/(loss) of investments accounted for | 186 | 251 | ||
using the equity method | ||||
Profit before income taxes | 86,429 | 56,953 | ||
Income tax expenses | (24,914) | (17,866) | ||
Profit for the year | 61,515 | 39,086 | ||
Profit for the year attributable to: | ||||
Owners of the parent company | 61,030 | 39,082 | ||
Non-controlling interests | 484 | 4 | ||
Profit for the year | 61,515 | 39,086 | ||
Yen | ||||
FY2021 | FY2022 | |||
(Year ended | (Year ended | |||
March 31, 2022) | March 31, 2023) | |||
Earnings per share | ||||
Basic earnings per share | 234.89 | 152.67 | ||
Diluted earnings per share | 234.18 | 152.22 |
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Brother Industries Ltd. published this content on 08 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2023 06:10:38 UTC.