Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Consolidated Financial Results | ||
for the Three Months Ended June 30, 2021 | ||
[Japanese GAAP] | ||
August 05, 2021 | ||
Company name: | Daido Metal Co., Ltd. | |
Stock exchange listing: Tokyo, Nagoya | ||
Code number: | 7245 | |
URL: | http://www.daidometal.com/ | |
Representative: | Seigo Hanji | Chairman and Chief Executive Officer |
Contact: | Hiroki Iwakura | Executive Officer and Head of Corporate Planning Division |
Phone: | +81-52-205-1400 |
Scheduled filing date of quarterly securities report: | August 05, 2021 | ||||||||||||||
Scheduled start date of dividend payments: | - | ||||||||||||||
Availability of supplementary briefing material on quarterly financial results: Yes | |||||||||||||||
Schedule of quarterly financial results briefing session: | No | ||||||||||||||
(Amounts of less than one million yen are rounded down) | |||||||||||||||
1. Consolidated Financial Results for the Three Months Ended June 30, 2021 (April 01, 2021 to June 30, 2021) | |||||||||||||||
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | ||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||||
owners of parent | |||||||||||||||
Three months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||||
June 30, 2021 | 24,995 | 32.5 | 1,399 | - | 1,403 | - | 726 | - | |||||||
June 30, 2020 | 18,870 | (25.9) | (1,054) | - | (1,403) | - | (1,151) | - |
(Note) Comprehensive income: | Three months ended June 30, 2021: |
Three months ended June 30, 2020: |
¥ | 1,997 million | [ | - %] |
¥ | (2,664) million | [ | -%] |
Basic earnings | Diluted earnings per | ||||||||
per share | share | ||||||||
Three months ended | Yen | Yen | |||||||
June 30, 2021 | 15.61 | - | |||||||
June 30, 2020 | (24.93) | - | |||||||
(2) Consolidated Financial Position | |||||||||
Total assets | Net assets | Capital adequacy ratio | |||||||
As of | Million yen | Million yen | % | ||||||
June 30, 2021 | 158,192 | 65,729 | 36.4 | ||||||
March 31, 2021 | 155,176 | 64,538 | 36.3 | ||||||
(Reference) Net assets less non-controlling interests: | As of June 30, 2021: | ¥ | 57,519 | million | |||||
As of March 31, 2021: | ¥ | 56,388 | million |
―1―
2. Dividends
Annual dividends | |||||||
1st | 2nd | 3rd | Year-end | Total | |||
quarter-end | quarter-end | quarter-end | |||||
Yen | Yen | Yen | Yen | Yen | |||
Fiscal year ended March 31, 2021 | - | 10.00 | - | 10.00 | 20.00 | ||
Fiscal year ending March 31, 2022 | - | ||||||
Fiscal year ending March 31, 2022 | 10.00 | - | 15.00 | 25.00 | |||
(Forecast) | |||||||
(Note) Revision to the forecast for dividends announced most recently: | No |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022(April 01, 2021 to March 31, 2022)
(% indicates changes from the previous corresponding period.)
Profit attributable | Basic earnings | ||||||||||||
Net sales | Operating profit | Ordinary profit | to owners of | ||||||||||
per share | |||||||||||||
parent | |||||||||||||
Six months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | ||||
50,000 | 37.6 | 2,200 | - | 2,100 | - | 850 | - | 18.27 | |||||
September 30, 2021 | |||||||||||||
Full year | 92,000 | 8.6 | 3,500 | 166.0 | 3,200 | 266.1 | 1,700 | - | 36.55 | ||||
(Note) Revision to the financial results forecast announced most recently: | Yes | ||||||||||||
* Notes: | |||||||||||||
(1) Changes in significant subsidiaries during the three months ended June 30, 2021 | |||||||||||||
(changes in specified subsidiaries resulting in changes in scope of consolidation): | No | ||||||||||||
New | - | (Company name: | ) | ||||||||||
Exclusion: | - | (Company name: | ) | ||||||||||
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: | No |
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: Yes
2) | Changes in accounting policies other than 1) above: | No |
3) | Changes in accounting estimates: | No |
4) | Retrospective restatement: | No |
For details, please refer to page 10, "(4) Notes to Quarterly Consolidated Financial Statements, Changes in accounting policy".
(4) Total number of issued shares (common shares)
1) | Total number of issued shares at the end of the period (including treasury shares): | ||
June 30, 2021: | 47,520,253 | shares | |
March 31, 2021: | 47,520,253 | shares | |
2) | Total number of treasury shares at the end of the period: | ||
June 30, 2021: | 992,441 | shares | |
March 31, 2021: | 1,036,793 | shares | |
3) Average number of shares during the period: | |||
Three months ended June 30, 2021: | 46,500,200 | shares | |
Three months ended June 30, 2020: | 46,188,532 | shares |
(Note)The Company introduced an E-Ship®Trust-Type Employee Stock Purchase Incentive Plan and a performance-linked stock- based remuneration for Directors and Executive Officers. For the calculation of total number of treasury shares at the end of the period and average number of shares during the period, Company shares held in the trusts are included in treasury shares to be deducted.
―2―
- Numbers in parentheses denote negative numbers.
- This financial result is not required to be reviewed by certificated public accountants or audit firm.
- Explanation of appropriate use of earnings projections, other explanatory notes
Future prospects are prepared as information purpose only, based on the information available to us at this moment, and are under certain condition which we assumed reasonable. We will not guarantee the realization of such prospects and actual performance fluctuates due to various factors.
―3―
1. Quarterly Consolidated Financial Statements
(1) Quarterly Consolidated Balance Sheets
(Million yen) | ||||
As of March 31,2021 | As of June 30,2021 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 22,007 | 22,347 | ||
Notes and accounts receivable - trade | 23,069 | 23,933 | ||
Electronically recorded monetary claims - | 2,393 | 2,581 | ||
operating | ||||
Merchandise and finished goods | 10,821 | 11,625 | ||
Work in process | 8,380 | 8,628 | ||
Raw materials and supplies | 6,326 | 7,121 | ||
Other | 2,510 | 2,319 | ||
Allowance for doubtful accounts | (267) | (194) | ||
Total current assets | 75,242 | 78,363 | ||
Non-current assets | ||||
Property, plant and equipment | ||||
Buildings and structures, net | 17,198 | 17,133 | ||
Machinery, equipment and vehicles, net | 24,497 | 24,188 | ||
Other, net | 16,234 | 16,678 | ||
Total property, plant and equipment | 57,931 | 58,001 | ||
Intangible assets | ||||
Goodwill | 5,724 | 5,440 | ||
Other | 6,898 | 6,734 | ||
Total intangible assets | 12,623 | 12,175 | ||
Investments and other assets | ||||
Investments and other assets | 9,431 | 9,705 | ||
Allowance for doubtful accounts | (52) | (52) | ||
Total investments and other assets | 9,379 | 9,652 | ||
Total non-current assets | 79,934 | 79,828 | ||
Total assets | 155,176 | 158,192 | ||
―4―
(Million yen) | ||||
As of March 31,2021 | As of June 30,2021 | |||
Liabilities | ||||
Current liabilities | ||||
Notes and accounts payable - trade | 6,192 | 7,171 | ||
Electronically recorded obligations - operating | 8,069 | 9,557 | ||
Short-term borrowings | 26,575 | 23,016 | ||
Current portion of long-term borrowings | 7,604 | 8,223 | ||
Income taxes payable | 415 | 785 | ||
Provision for bonuses | 1,269 | 745 | ||
Provision for bonuses for directors (and other | - | 21 | ||
officers) | ||||
Provision for product compensation | 70 | 87 | ||
Provision for environmental measures | 33 | 33 | ||
Electronically recorded obligations - non- | 501 | 538 | ||
operating | ||||
Other | 6,719 | 8,566 | ||
Total current liabilities | 57,452 | 58,747 | ||
Non-current liabilities | ||||
Long-term borrowings | 21,315 | 22,000 | ||
Provision for share-based remuneration | 16 | 24 | ||
Provision for share-based remuneration for | 30 | 22 | ||
directors (and other officers) | ||||
Provision for loss on guarantees | 145 | 134 | ||
Retirement benefit liability | 7,207 | 7,393 | ||
Asset retirement obligations | 17 | 17 | ||
Other | 4,453 | 4,122 | ||
Total non-current liabilities | 33,185 | 33,715 | ||
Total liabilities | 90,637 | 92,463 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 8,413 | 8,413 | ||
Capital surplus | 13,114 | 13,114 | ||
Retained earnings | 36,609 | 36,871 | ||
Treasury shares | (780) | (747) | ||
Total shareholders' equity | 57,356 | 57,651 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale | 995 | 997 | ||
securities | ||||
Foreign currency translation adjustment | (1,170) | (398) | ||
Remeasurements of defined benefit plans | (793) | (730) | ||
Total accumulated other comprehensive income | (968) | (131) | ||
Non-controlling interests | 8,150 | 8,209 | ||
Total net assets | 64,538 | 65,729 | ||
Total liabilities and net assets | 155,176 | 158,192 | ||
―5―
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Daido Metal Co. Ltd. published this content on 05 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2021 05:05:09 UTC.