Ebara Jitsugyo : Summary of Consolidated Financial Results for the Six Months Ended June 30, 2022(149KB)

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 Six Months Ended June 30, 2022 (Based on Japanese GAAP)

				August 3, 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:	August 9, 2022
Scheduled date to commence dividend payments:	September 5, 2022
Preparation of supplementary material on quarterly financial results:	Yes
Holding of quarterly financial results meeting:	Yes

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the six months ended June 30, 2022 (from January 1, 2022 to June 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		%
Six months ended June 30, 2022	16,864	(11.3)		2,222	(32.1)		2,309		(30.7)		1,703		(33.3)
Six months ended June 30, 2021	19,013		18.2		3,271	65.1		3,334		61.7		2,555		78.9
	Earnings per share		Diluted earnings per share
			Yen					Yen
Six months ended June 30, 2022			139.20					-
Six months ended June 30, 2021			203.23					-
(2) Consolidated financial position
	Total assets				Net assets	Equity ratio
	Millions of yen			Millions of yen					%
As of June 30, 2022		35,551					18,940				53.3
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	35,000	7.7	3,800	(4.6)	3,950		(3.9)	2,800	(11.4)	228.95

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4. Notes

1. Changes in significant subsidiaries during the six months ended June 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 June 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 June 30, 2022	1,163,697	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)
	Six months ended June 30, 2022	12,241,157	shares	Six months ended June 30, 2021	12,573,681	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of December 31, 2021	As of June 30, 2022
Assets
Current assets
Cash and deposits	11,100	16,540
Notes and accounts receivable - trade	10,447	-
Notes and accounts receivable - trade, and contract assets	-	7,653
Merchandise and finished goods	863	883
Work in process	281	269
Costs on construction contracts in progress	489	96
Raw materials and supplies	389	487
Other	352	294
Allowance for doubtful accounts	(1)	(1)
Total current assets	23,921	26,223
Non-current assets
Property, plant and equipment
Buildings and structures	3,634	3,619
Accumulated depreciation	(1,938)	(1,966)
Buildings and structures, net	1,696	1,652
Machinery, equipment and vehicles	196	197
Accumulated depreciation	(147)	(157)
Machinery, equipment and vehicles, net	49	40
Tools, furniture and fixtures	670	690
Accumulated depreciation	(581)	(593)
Tools, furniture and fixtures, net	89	97
Land	1,356	1,356
Construction in progress	-	45
Other	-	7
Accumulated depreciation	-	0
Other, net	-	7
Total property, plant and equipment	3,191	3,198
Intangible assets	120	104
Investments and other assets
Investment securities	7,166	4,768
Insurance funds	408	382
Investment property, net	683	624
Deferred tax assets	66	87
Other	272	268
Allowance for doubtful accounts	(105)	(105)
Total investments and other assets	8,491	6,025
Total non-current assets	11,804	9,328
Total assets		35,725	35,551

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			(Millions of yen)
		As of December 31, 2021	As of June 30, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade	9,829	10,095
Short-term borrowings	1,090	1,010
Current portion of long-term borrowings	80	80
Income taxes payable	818	803
Accrued consumption taxes	334	211
Advances received	1,369	-
Contract liabilities	-	2,184
Provision for loss on construction contracts	78	16
Other	746	657
Total current liabilities	14,346	15,059
Non-current liabilities
Long-term borrowings	176	133
Deferred tax liabilities	1,598	954
Provision for retirement benefits for directors (and other	158	158
officers)
Retirement benefit liability	182	197
Other	110	107
Total non-current liabilities	2,227	1,552
Total liabilities	16,573	16,611
Net assets
Shareholders' equity
Share capital	1,001	1,001
Capital surplus	1,032	1,046
Retained earnings	15,133	16,354
Treasury shares	(1,974)	(1,899)
Total shareholders' equity	15,192	16,502
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	3,944	2,418
Remeasurements of defined benefit plans	15	19
Total accumulated other comprehensive income	3,959	2,438
Total net assets	19,152	18,940
Total liabilities and net assets		35,725	35,551

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

Consolidated statements of income (cumulative)

			(Millions of yen)
		Six months ended	Six months ended
		June 30, 2021	June 30, 2022
Net sales	19,013	16,864
Cost of sales	12,549	11,426
Gross profit	6,463	5,438
Selling, general and administrative expenses	3,191	3,215
Operating profit	3,271	2,222
Non-operating income
Interest income	0	0
Dividend income	54	61
Rental income from investment property	46	50
Other	17	9
Total non-operating income	119	122
Non-operating expenses
Interest expenses	3	2
Rental expenses on real estate	19	19
Loss on cancellation of insurance policies	21	1
Commission expenses	8	2
Foreign exchange losses	3	8
Other	0	0
Total non-operating expenses	57	35
Ordinary profit	3,334	2,309
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	3,646	2,428
Income taxes - current	1,118	761
Income taxes - deferred	(27)	(36)
Total income taxes	1,091	724
Profit	2,555	1,703
Profit attributable to owners of parent		2,555	1,703

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