Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
CONSOLIDATED FINANCIAL RESULTS
FOR THE FISCAL YEAR ENDED MARCH 31, 2021 [J-GAAP]
May 11, 2021 | |
Listed Company Name: | FUJI CORPORATION |
Securities Code: | 6134 |
Listings: | Tokyo Stock Exchange, Nagoya Stock Exchange |
URL: | https://www.fuji.co.jp/ |
Representative: | Nobuyuki Soga, Chairman & CEO |
Contact: | Junichi Kano, CFO |
irsr@fuji.co.jp |
Scheduled Ordinary General Meeting of Shareholders: | June 29, 2021 |
Scheduled date to start dividend payments: | June 30, 2021 |
Scheduled date to submit securities report: | June 30, 2021 |
Preparation of results briefing materials: | Yes |
Holding of financial results briefing: | Yes |
(A video of the financial results briefing by the | |
President & COO will be available on the | |
Company's website to prevent the spread of | |
COVID-19 infections.) | |
(Amounts less than one million yen have been truncated) |
1. Consolidated Financial Results (From April 1, 2020 to March 31, 2021)
- Consolidated Operating Results
(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 | % | |
Fiscal year ended | 136,161 | (3.4) | 21,904 | 11.9 | 23,224 | 15.4 | 17,167 | 14.7 |
March 31, 2021 | ||||||||
Fiscal year ended | 140,967 | 9.2 | 19,571 | (15.3) | 20,119 | (14.2) | 14,963 | (11.2) |
March 31, 2020 | ||||||||
Note: Comprehensive income Fiscal year ended March 31, 2021: ¥23,964 million [132.8%] | ||||||||
Fiscal year ended March 31, 2020: ¥10,294 million [(28.1)%] |
Profit per share | Diluted profit | Return on equity | Ordinary profit | ||
per share | to total assets | ||||
Yen | Yen | % | % | ||
Fiscal year ended | 184.26 | 177.80 | 9.5 | 11.0 | |
March 31, 2021 | |||||
Fiscal year ended | 163.81 | 155.22 | 9.1 | 10.2 | |
March 31, 2020 | |||||
Reference: Equity in earnings (losses) of affiliates | Fiscal year ended March 31, 2021: ¥― million | ||||
Fiscal year ended March 31, 2020: ¥― million |
Operating profit to
net sales
%
16.1
13.9
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | ||||
Millions of yen | Millions of yen | % | Yen | ||||
As of March 31, 2021 | 224,671 | 194,556 | 86.5 | 2,014.41 | |||
As of March 31, 2020 | 198,504 | 167,939 | 84.4 | 1,834.76 | |||
Reference: Shareholders' equity | As of March 31, 2021 | : ¥194,256 million | |||||
As of March 31, 2020 | : ¥167,595 million |
(3) Consolidated Cash Flows | ||||||||||||
Net cash provided by | Net cash provided by | Net cash provided by | Cash and cash | |||||||||
(used in) operating | (used in) investing | (used in) financing | equivalents at end of | |||||||||
activities | activities | activities | the period | |||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | |||||||||
Fiscal year ended | 30,870 | (10,471) | (4,577) | 60,388 | ||||||||
March 31, 2021 | ||||||||||||
Fiscal year ended | 22,560 | (5,100) | (3,993) | 43,907 | ||||||||
March 31, 2020 | ||||||||||||
2. Dividends | ||||||||||||
Dividends per share | Total | Dividend | Dividends | |||||||||
First | Second | Third | dividend | payout | to net | |||||||
quarter- | quarter- | quarter- Year-end | Total | amount | ratio | assets | ||||||
end | end | end | (Annual) | (Consolidated) | (Consolidated) | |||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |||||
Fiscal year ended | - | 20.00 | - | 30.00 | 50.00 | 4,567 | 30.5 | 2.8 | ||||
March 31, 2020 | ||||||||||||
Fiscal year ended | - | 20.00 | - | 30.00 | 50.00 | 4,719 | 27.1 | 2.6 | ||||
March 31, 2021 | ||||||||||||
Fiscal year ending | ||||||||||||
March 31, 2022 | - | 20.00 | - | 20.00 | 40.00 | 32.1 | ||||||
(Forecast) |
3. Forecast of Consolidated Results for the Fiscal Year Ending March 31, 2022 (From April 1, 2021 to March 31, 2022)
(Percentages indicate year-on-year changes)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Profit per | |||||
owners of parent | share | ||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
First half | 61,000 | (13.7) | 7,100 | (37.8) | 7,100 | (41.4) | 5,000 | (42.4) | 51.85 |
Full year | 125,000 | (8.2) | 16,500 | (24.7) | 16,700 | (28.1) | 12,000 | (30.1) | 124.44 |
*Notes
-
Changes in significant subsidiaries during the period under review (Changes in specified subsidiaries involving changes in scope of consolidation): None
New Company: - Exclusion: - - Changes in accounting policies, accounting estimates, and retrospective restatements
- Changes in accounting policies in accordance with revision of accounting standards: None
- Changes in accounting policies other than item 1) above: None
- Changes in accounting etimates: None
- Retrospective restatements: None
- Number of shares issued (common stock)
- Number of shares issued as of end of period (including treasury shares)
As of March 31, 2021: 97,823,748 shares
As of March 31, 2020: 97,823,748 shares
- Number of treasury shares as of end of period As of March 31, 2021: 1,390,652 shares As of March 31, 2020: 6,479,108 shares
- Average number of shares during the period
Fiscal year ended March 31, 2021: 93,171,667 shares
Fiscal year ended March 31, 2020: 91,344,833 shares
(Reference) Overview of Non-consolidated Financial Results
1. Non-consolidated Financial Results (From April 1, 2020 to March 31, 2021)
- Non-consolidatedOperating Results
(Percentages indicate year-on-year changes) | |||||||||||||
Net sales | Operating profit | Ordinary profit | Profit | ||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||
Fiscal year ended | 113,886 | (1.6) | 18,289 | 21.5 | 19,601 | 26.0 | 14,891 | 31.1 | |||||
March 31, 2021 | |||||||||||||
Fiscal year ended | 115,738 | 2.5 | 15,052 | (24.5) | 15,552 | (23.7) | 11,359 | (23.8) | |||||
March 31, 2020 | |||||||||||||
Profit per share | Diluted profit | ||||||||||||
per share | |||||||||||||
Yen | Yen | ||||||||||||
Fiscal year ended | 159.83 | 154.23 | |||||||||||
March 31, 2021 | |||||||||||||
Fiscal year ended | 124.35 | 117.82 | |||||||||||
March 31, 2020 | |||||||||||||
(2) Non-consolidated Financial Position | |||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||
Millions of yen | Millions of yen | % | Yen | ||||||||||
As of March 31, 2021 | 181,068 | 160,318 | 88.5 | 1,662.49 | |||||||||
As of March 31, 2020 | 159,855 | 138,179 | 86.4 | 1,512.73 | |||||||||
Reference: Shareholders' equity | As of March 31, 2021 | : ¥160,318 million | |||||||||||
As of March 31, 2020 | : ¥138,179 million |
The consolidated financial results presented herein are outside the scope of audit by a certified public accountant or auditing firm.
Explanation regarding appropriate use of results forecasts and other special remarks (Notes on the forward-lookingstatements)
The forward-looking statements, including results forecasts, contained in these materials are based on information available to FUJI CORPORATION (hereinafter referred to as the "Company") and on certain assumptions deemed to be reasonable as of the date of release of this document and they are not meant to be a commitment by the Company. Also, actual business results may differ substantially due to a number of factors. Please refer to "1. Overview of Operating Results, etc. (4) Future Outlook" on page 4 of the attachment for details regarding assumptions and other matters concerning the forecast of consolidated results.
(How to obtain results briefing materials for financial results)
The results briefing materials will be posted on the Company's website from May 11, 2021. In addition, a video of the financial results briefing will be available on the Company's website.
Contents | ||
1. Overview of Operating Results, etc. ........................................................................................................................... | 2 | |
(1) | Overview of Operating Results for the Fiscal Year Ended March 31, 2021 ............................................................ | 2 |
(2) | Overview of Financial Position for the Fiscal Year Ended March 31, 2021 ............................................................ | 3 |
(3) | Overview of Cash Flows for the Fiscal Year Ended March 31, 2021 ...................................................................... | 3 |
(4) | Future Outlook ........................................................................................................................................................ | 4 |
(5) | Basic Policy for Profit Distribution and Dividends for the Fiscal Year Ended March 31, 2021 and the Fiscal Year | |
Ending March 31, 2022 ........................................................................................................................................... | 5 | |
2. Corporate Group ......................................................................................................................................................... | 6 | |
3. Basic Concept Concerning Selection of Accounting Standards ................................................................................. | 8 | |
4. Consolidated Financial Statements and Primary Notes ............................................................................................. | 9 | |
(1) | Consolidated Balance Sheets ................................................................................................................................. | 9 |
(2) | Consolidated Statements of Income and Comprehensive Income ......................................................................... | 11 |
(Consolidated Statements of Income) ...................................................................................................................... | 11 | |
(Consolidated Statements of Comprehensive Income) ........................................................................................... | 12 | |
(3) | Consolidated Statements of Changes in Equity ..................................................................................................... | 13 |
(4) | Consolidated Statements of Cash Flows ................................................................................................................ | 15 |
(5) | Notes to Consolidated Financial Statements .......................................................................................................... | 16 |
(Notes to assumption of going concern) .................................................................................................................. | 16 | |
(Change in scope of consolidation) .......................................................................................................................... | 16 | |
(Additional information) ............................................................................................................................................ | 16 | |
(Notes to consolidated statements of changes in equity) ........................................................................................ | 17 | |
(Notes to consolidated statements of cash flows) .................................................................................................... | 18 | |
(Segment information) ............................................................................................................................................. | 19 | |
(Per share information) ............................................................................................................................................ | 21 | |
(Important subsequent events) ................................................................................................................................ | 21 | |
5. Non-consolidated Financial Statements ..................................................................................................................... | 22 | |
(1) | Non-consolidated Balance Sheets .......................................................................................................................... | 22 |
(2) | Non-consolidated Statements of Income ................................................................................................................ | 24 |
(3) | Non-consolidated Statements of Changes in Equity ............................................................................................... | 25 |
6. Others ......................................................................................................................................................................... | 27 | |
(1) | Orders and Sales .................................................................................................................................................... | 27 |
(2) | Information by Region ............................................................................................................................................. | 27 |
- 1 -
1. Overview of Operating Results, etc.
- Overview of Operating Results for the Fiscal Year Ended March 31, 2021
In the fiscal year ended March 31, 2021, the Japanese economy faced tremendous downward pressure due to the impact of the spread of the novel coronavirus disease (COVID-19), resulting in a deterioration in corporate earnings and a decrease in capital investments. Meanwhile, there were signs of a pickup in the manufacturing industry, while the economic outlook continues to be uncertain. In the global economy, although a trend of business recovery continued in China, business conditions in Europe and North America remained challenging due to the impact of the spread of COVID-19, and capital investments were weak in the manufacturing industry.
In this environment, under the corporate slogan of "Excite and Inspire," the Company and its subsidiaries (hereinafter referred to as the "Group") have taken on the challenge of reforming based on a growth strategy of capturing the times and pioneering the future using robotics technology. The Group is developing attractive products that look ahead to the future. In the area of its leading robotic mounters, the Group is promoting the market launch of the high-end model NXTR, a machine equipped with the world's first automatic component supply system designed to fully automate electronic component mounting processes, and in the area of machine tools, the Group announced the multitasking machine "GYROFLEX T4000 (referred to as GYROFLEX)," which has a robot that combines the machining of industrial machinery and highly automated technologies. In addition, amid the COVID-19 pandemic, the Group actively implemented new sales approaches, such as promoting "WEB meetings" that do not rely on face-to- face sales, in addition to holding private showings with thorough measures against the spread of COVID-19, including the simultaneous organization of "WEB EXPO," and worked to expand the Group's market share. The Group also aimed to improve profitability by building a production structure that simultaneously pursues lower costs and higher efficiency, and carrying out initiatives such as further reduction of fixed costs through business reforms in which paperless operations, web conferences, and teleworking were promoted through active implementation of DX responding to the era of the new normal.
As a result of the above, net sales for the fiscal year ended March 31, 2021 decreased by ¥4,806 million (3.4%) from the previous fiscal year, to ¥136,161 million. Meanwhile, operating profit increased by ¥2,332 million (11.9%) from the previous fiscal year, to ¥21,904 million, and ordinary profit increased by ¥3,105 million (15.4%) from the previous fiscal year, to ¥23,224 million. In addition, profit attributable to owners of parent increased by ¥2,204 million (14.7%) from the previous fiscal year, to ¥17,167 million.
Operating results by segments are as follows.
Robotic Solutions
Demand related to communication devices, which are the Company's main market, remained robust, in addition to the increase of capital investment demand for PCs, servers, and producing electronic components, which are essential for manufacturing those electronic devices, in China and other Asian regions, bolstered by the adoption of new lifestyles such as teleworking spreading through various countries as a measure against the spread of COVID-19. On the other hand, capital investment in European and Americas markets, which mainly sell automotive-related products, was weak due to the impact of economic stagnation caused by the spread of COVID-19. As a result, net sales for the segment decreased by ¥2,193 million (1.7%) from the previous fiscal year, to ¥125,569 million. Meanwhile, due to reductions in fixed costs, operating profit increased by ¥2,953 million (12.6%) from the previous fiscal year, to ¥26,307 million.
Machine Tools
Domestic and overseas markets were both continuing their cautions stances on capital investment due to the restrictions on business activities as a result of the resurgence of COVID-19, and impacted by the weakness in the automotive industry. As a result, net sales for the segment decreased by ¥2,973 million (27.4%) from the previous fiscal year, to ¥7,866 million, and operating loss was ¥1,324 million (operating loss for the previous fiscal year was ¥636 million).
- 2 -
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Fuji Machine Mfg Co. Ltd. published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 10:15:09 UTC.