Ebara Jitsugyo : Summary of Consolidated Financial Results for the Nine Months Ended September 30, 2022(139KB)

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the Nine Months Ended September 30, 2022 (Based on Japanese GAAP)

				November 2, 2022
Company name:	EBARA JITSUGYO CO.,LTD.
Stock exchange listing:	Tokyo
Stock code:	6328	URL https://www.ejk.co.jp/
Representative:	President and COO	Toshinori Yoshida
Inquiries:	Managing Executive Officer, Head of	Shuji Ohno	TEL [phone]
Planning & Strategy Office
Scheduled date to file Quarterly Securities Report:	November 10, 2022
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results:	Yes
Holding of quarterly financial results meeting:	No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the nine months ended September 30, 2022 (from January 1, 2022 to September 30, 2022)

(1) Consolidated operating results (cumulative)								Percentages indicate year-on-year changes
	Net sales				Operating profit	Ordinary profit		Profit attributable to
						owners of parent
	Millions of yen		%	Millions of yen	%	Millions of yen			%	Millions of yen		%
Nine months ended September 30, 2022	22,398		(8.0)		2,190	(35.4)		2,321		(33.2)		1,722		(35.0)
Nine months ended September 30, 2021	24,335		11.0		3,392	47.6		3,476		44.3		2,648		57.1
	Earnings per share		Diluted earnings per share
			Yen					Yen
Nine months ended September 30, 2022			140.63					-
Nine months ended September 30, 2021			210.97					-
(2) Consolidated financial position
	Total assets				Net assets	Equity ratio
	Millions of yen			Millions of yen					%
As of September 30, 2022		32,117					18,145				56.5
As of December 31, 2021		35,725					19,152				53.6
2. Cash dividends
						Annual dividends per share
	1st quarter-end	2nd quarter-end		3rd quarter-end	Fiscal year-end	Total
	Yen				Yen			Yen				Yen			Yen
Year ended December 31, 2021		-			75.00			-				47.50			-
Year ending December 31, 2022		-			42.50			-
Year ending December 31, 2022 (Forecast)													42.50			85.00

3. Forecast of consolidated financial results for the year ending December 31, 2022 (from January 1, 2022 to December 31, 2022)

Percentages indicate year-on-year changes

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Earnings per share
		owners of parent
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Full year	32,000	(1.5)	2,850	(28.4)	3,000	(27.0)	2,200	(30.4)	179.89

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4. Notes

1. Changes in significant subsidiaries during the nine months ended September 30, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation):
2. Application of special accounting methods for preparing quarterly consolidated financial statements:

No

No

(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:	Yes
Changes in accounting policies due to other reasons:	No
Changes in accounting estimates:	No
Restatement of prior period financial statements:	No

(4) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

	As of September 30, 2022	13,430,000	shares	As of December 31, 2021	13,430,000	shares
Number of treasury shares at the end of the period
	As of September 30, 2022	1,155,071	shares	As of December 31, 2021	1,200,454	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Nine months ended September 30, 2022	12,250,310	shares	Nine months ended September 30, 2021	12,556,191	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of December 31, 2021	As of September 30, 2022
Assets
Current assets
Cash and deposits	11,100	12,965
Notes and accounts receivable - trade	10,447	-
Notes and accounts receivable - trade, and contract assets	-	7,741
Merchandise and finished goods	863	1,300
Work in process	281	287
Costs on construction contracts in progress	489	99
Raw materials and supplies	389	497
Other	352	319
Allowance for doubtful accounts	(1)	(1)
Total current assets	23,921	23,210
Non-current assets
Property, plant and equipment
Buildings and structures	3,634	3,624
Accumulated depreciation	(1,938)	(1,993)
Buildings and structures, net	1,696	1,631
Machinery, equipment and vehicles	196	210
Accumulated depreciation	(147)	(163)
Machinery, equipment and vehicles, net	49	46
Tools, furniture and fixtures	670	692
Accumulated depreciation	(581)	(595)
Tools, furniture and fixtures, net	89	96
Land	1,356	1,356
Construction in progress	-	70
Other	-	7
Accumulated depreciation	-	(0)
Other, net	-	6
Total property, plant and equipment	3,191	3,207
Intangible assets	120	95
Investments and other assets
Investment securities	7,166	4,315
Insurance funds	408	396
Investment property, net	683	620
Deferred tax assets	66	101
Other	272	275
Allowance for doubtful accounts	(105)	(105)
Total investments and other assets	8,491	5,604
Total non-current assets	11,804	8,907
Total assets		35,725	32,117

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			(Millions of yen)
		As of December 31, 2021	As of September 30, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade	9,829	8,236
Short-term borrowings	1,090	1,010
Current portion of long-term borrowings	80	80
Income taxes payable	818	220
Accrued consumption taxes	334	61
Advances received	1,369	-
Contract liabilities	-	2,145
Provision for bonuses	-	301
Provision for loss on construction contracts	78	16
Other	746	550
Total current liabilities	14,346	12,623
Non-current liabilities
Long-term borrowings	176	133
Deferred tax liabilities	1,598	745
Provision for retirement benefits for directors (and other	158	158
officers)
Retirement benefit liability	182	205
Other	110	105
Total non-current liabilities	2,227	1,349
Total liabilities	16,573	13,972
Net assets
Shareholders' equity
Share capital	1,001	1,001
Capital surplus	1,032	1,046
Retained earnings	15,133	15,848
Treasury shares	(1,974)	(1,877)
Total shareholders' equity	15,192	16,018
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	3,944	2,104
Remeasurements of defined benefit plans	15	22
Total accumulated other comprehensive income	3,959	2,126
Total net assets	19,152	18,145
Total liabilities and net assets		35,725	32,117

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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

			(Millions of yen)
		Nine months ended	Nine months ended
		September 30, 2021	September 30, 2022
Net sales	24,335	22,398
Cost of sales	16,163	15,326
Gross profit	8,171	7,071
Selling, general and administrative expenses	4,778	4,880
Operating profit	3,392	2,190
Non-operating income
Interest income	3	0
Dividend income	65	80
Rental income from investment property	73	75
Other	19	23
Total non-operating income	161	179
Non-operating expenses
Interest expenses	5	3
Rental expenses on real estate	29	29
Loss on cancellation of insurance policies	21	1
Commission expenses	11	2
Foreign exchange losses	5	11
Other	4	1
Total non-operating expenses	77	49
Ordinary profit	3,476	2,321
Extraordinary income
Gain on sale of investment securities	338	140
Gain on sale of membership	0	-
Total extraordinary income	338	140
Extraordinary losses
Loss on sale of investment securities	26	-
Loss on disposal of non-current assets	0	10
Loss on investments in silent partnerships	-	9
Other	0	0
Total extraordinary losses	26	21
Profit before income taxes	3,788	2,440
Income taxes - current	1,251	840
Income taxes - deferred	(111)	(122)
Total income taxes	1,139	718
Profit	2,648	1,722
Profit attributable to owners of parent		2,648	1,722

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