Financial Results for the First Quarter ended June 30, 2022
(Japan GAAP) | |||
August 12, 2022 | |||
Company name: | HANWA Co., Ltd. | Listed stock exchange: Tokyo | |
Stock exchange code: | 8078 | ||
Representative: | Yoichi Nakagawa | President | |
Enquiries: | Hisashi Honda | Executive Officer | Phone +81-3-3544-2000 |
Scheduled date of issue of audited financial statements: August 12, 2022
Scheduled date of payout of dividend: -
(Amounts less than one million yen are rounded down)
1.Consolidated financial results for the First Quarter ended June 30, 2022 (April 1, 2022 to June 30, 2022)
(1) Consolidated operating results | (Percentage indicate a change from the previous year) | |||||||||||||
Net sales | Operating income | Ordinary income | Profit attributable to | |||||||||||
owners of the Company | ||||||||||||||
For the 1st Quarter | (Millions of yen) | (%) | (Millions of yen) | (%) | (Millions of yen) | (%) | (Millions of yen) | (%) | ||||||
ended June 30, 2022 | 665,580 | 47.1 | 24,143 | 78.8 | 33,332 | 137.6 | 23,917 | 152.0 | ||||||
ended June 30, 2021 | 452,604 | - | 13,503 | 206.2 | 14,028 | 337.9 | 9,492 | 329.3 | ||||||
Note: Comprehensive | income | For the Fiscal | Year ended June 30, 2022 | 33,680 | million yen | 143.3 | % | |||||||
For the Fiscal Year ended June 30, 2021 | 13,843 | million yen | - % | |||||||||||
Net income | Net income | |||||||||||||
per share | per share(diluted) | |||||||||||||
For the 1st Quarter | (yen) | (yen) | ||||||||||||
ended June 30, 2022 | 588.55 | - | ||||||||||||
ended June 30, 2021 | 233.59 | - |
- From the beginning of the fiscal year ending March 31, 2022, the Company applies the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29). As a result, the figures for the 1st quarter ended June 30, 2021 in the above consolidated operating results constitute the figures after application of said accounting standard. For this reason, rates of increase/decrease YoY are not shown for net sales ended June 30, 2021.
(2) Consolidated financial position
Total assets | Net assets | Shareholders' | Net assets | |||||
equity ratio | per share | |||||||
(Millions of yen) | (Millions of yen) | (%) | (yen) | |||||
As of June 30, 2022 | 1,507,932 | 272,340 | 17.8 | 6,597.34 | ||||
As of March 31, 2022 | 1,715,394 | 240,497 | 13.8 | 5,834.98 | ||||
Note: Shareholders' equity | As of June 30, 2022 | 268,097 | million yen | |||||
As of March 31, 2022 | 237,117 | million yen |
2.Cash dividends
Cash dividends per share | |||||
1st Quarter | 2nd Quarter | 3rd Quarter | Year-end | Annual | |
(yen) | (yen) | (yen) | (yen) | (yen) | |
Year ended March 31, 2022 | - | 50.00 | - | 50.00 | 100.00 |
Year ended March 31, 2023 | - | ||||
Year ending March 31, 2023 | 50.00 | - | 50.00 | 100.00 | |
(estimated) | |||||
3.Forecast of consolidated financial results for fiscal year ending March 31, 2023 (April 1, 2022 to March 31, 2023)
(Percentage indicate a change from the previous year)
Net sales | Operating income | Ordinary income | Profit attributable to | Net income | |||||
owners of the Company | per share | ||||||||
(Millions of yen) | (%) | (Millions of yen) | (%) | (Millions of yen) | (%) | (Millions of yen) | (%) | (yen) | |
Annual | 2,600,000 | 20.1 | 65,000 | 4.2 | 65,000 | 3.6 | 46,000 | 5.5 | 1,131.97 |
- For more information, please refer to "Notice Concerning Amendments to Forecasts of consolidated financial results for FY2022" announced on August 12, 2022.The above forecasts reflect assumptions and prospects based on the information currently available. They are subject to various risks and uncertainties that could cause actual results to differ materially from this information.
-1-
Financial Results for the First Quarter ended June 30, 2022 《Consolidated Balance Sheets》
(Amounts less than one million yen are rounded down) | |||
Millions of yen | |||
March 31, 2022 | June 30, 2022 | ||
Assets | |||
Current assets; | |||
Cash and deposits | 165,451 | 115,699 | |
Trade notes, accounts receivable and contract assets | 542,444 | 539,474 | |
Electronically recorded monetary claims | 33,012 | 42,821 | |
Inventories | 243,603 | 265,442 | |
Accounts receivable-other | 222,549 | 136,029 | |
Others | 66,569 | 79,899 | |
Allowance for doubtful receivables | (1,580) | (1,450) | |
Total current assets | 1,272,049 | 1,177,916 | |
Fixed assets; | |||
Property and equipment; | |||
Land | 34,677 | 35,357 | |
Others | 43,211 | 47,038 | |
Total property and equipment | 77,889 | 82,395 | |
Intangible assets | 10,556 | 10,739 | |
Investments and other assets; | |||
Investment securities | 81,443 | 84,188 | |
Long-term guarantee deposits | 248,541 | 125,317 | |
Others | 26,317 | 28,563 | |
Allowance for doubtful receivables | (1,403) | (1,188) | |
Total investments and other assets | 354,898 | 236,881 | |
Total fixed assets | 443,344 | 330,016 | |
Total assets | 1,715,394 | 1,507,932 | |
Liabilities; | |||
Current liabilities; | |||
Trade notes and accounts payable | 388,294 | 329,787 | |
Electronically record obligations | 33,456 | 35,903 | |
Short-term loans payable | 458,984 | 387,326 | |
Commercial paper | 40,000 | 40,000 | |
Current portion of bonds payable | 10,000 | 10,000 | |
Income taxes payable | 16,098 | 10,112 | |
Accrued bonuses | 4,223 | 2,220 | |
Provision for product warranties | 66 | 63 | |
Commodity forwards contracts liabilities | 186,766 | 72,120 | |
Others | 100,725 | 123,890 | |
Total current liabilities | 1,238,615 | 1,011,425 | |
Long-term liabilities; | |||
Bonds payable | 20,000 | 10,000 | |
Long-term loans payable | 190,890 | 185,862 | |
Retirement benefits liabilities | 4,454 | 4,476 | |
Others | 20,935 | 23,827 | |
Total long-term liabilities | 236,280 | 224,166 | |
Total liabilities | 1,474,896 | 1,235,592 | |
Net assets; | |||
Shareholders' equity; | |||
Common stock | 45,651 | 45,651 | |
Capital surplus | 26 | 26 | |
Retained earnings | 180,119 | 202,147 | |
Treasury stock | (3,729) | (3,729) | |
Total shareholders' equity | 222,066 | 244,094 | |
Accumulated other comprehensive income | |||
Net unrealized holding gains on securities | 16,725 | 18,136 | |
Deferred hedge profit and loss | (1,000) | 644 | |
Land revaluation difference | 3,191 | 3,191 | |
Foreign currency translation adjustments | (531) | 5,185 | |
Remeasurements of defined benefit plans | (3,334) | (3,155) | |
Total accumulated other comprehensive income | 15,050 | 24,002 | |
Minority interests | 3,379 | 4,242 | |
Total net assets | 240,497 | 272,340 | |
Total liabilities and net assets | 1,715,394 | 1,507,932 |
-2-
Financial Results for the First Quarter ended June 30, 2022
《Consolidated Statements of Income and Comprehensive Income》
(Amounts less than one million yen are rounded down) | ||||
Millions of yen | ||||
Year ended | Year ended | |||
June 30, 2021 | June 30, 2022 | |||
Net sales | 452,604 | 665,580 | ||
Cost of sales | 425,764 | 626,705 | ||
Gross profit | 26,839 | 38,874 | ||
Selling, general and administrative expenses | 13,335 | 14,731 | ||
Operating income | 13,503 | 24,143 | ||
Other income; | ||||
Interest income | 331 | 525 | ||
Dividend income | 633 | 5,947 | ||
Equity in earnings of affiliates | 544 | 2,030 | ||
Foreign exchange gain | ― | 2,916 | ||
Others | 364 | 456 | ||
Total other income | 1,873 | 11,876 | ||
Other expenses; | ||||
Interest expenses | 860 | 2,046 | ||
Foreign exchange loss | 224 | ― | ||
Others | 264 | 640 | ||
Total other expenses | 1,349 | 2,686 | ||
Ordinary income | 14,028 | 33,332 | ||
Extraordinary income | ||||
Gain on sale of investment securities | ― | 541 | ||
Arbitration related income | ― | 248 | ||
Total extraordinary income | ― | 789 | ||
Extraordinary loss; | ||||
Loss on devaluation of investment securities | ― | 268 | ||
Total extraordinary loss | ― | 268 | ||
Income before income taxes and minority interest | 14,028 | 33,853 | ||
Income taxes | 4,434 | 9,394 | ||
Net income | 9,593 | 24,459 | ||
Net income attributable to | ||||
Owners of the parent | 9,492 | 23,917 | ||
Non-controlling interests | 101 | 542 | ||
Other Comprehensive Income | ||||
Valuation difference on available-for-sale securities | 2,040 | 1,414 | ||
Deferred hedge profit and loss | (231) | 1,644 | ||
Foreign currency translation adjustments | 1,952 | 5,110 | ||
Remeasurements of defined benefit plans | 191 | 162 | ||
Share of other comprehensive income of entities accounted | 296 | 888 | ||
for using equity method | ||||
Total other comprehensive Income | 4,249 | 9,221 | ||
Comprehensive Income | 13,843 | 33,680 | ||
Comprehensive income attributable to | ||||
Owners of the parent | 13,600 | 32,816 | ||
Non-controlling interests | 242 | 864 |
-3-
Financial Results for the First Quarter ended June 30, 2022
《Segment information》
Segment information by business category for the 1st Quarter ended June 30, 2021 and 2022, is as follows:
(Amounts less than one million yen are rounded down) | |||||||||||
1st Quarter ended June 30, 2021 | Millions of yen | ||||||||||
Reportable segment | Consoli- | ||||||||||
Primary | Metal | Energy | Overseas | Sub- | Other | Total | Adjustment | ||||
Steel | Foods | & Living | sales | dated | |||||||
Metal | Recycling | total | |||||||||
Materials | subsidiaries | ||||||||||
Net sales | |||||||||||
Customers | 202,576 | 44,749 | 29,975 | 27,746 | 59,287 | 66,225 | 430,561 | 22,042 | 452,604 | ― | 452,604 |
Inter-segment | 3,877 | 1,024 | 941 | 0 | 1,836 | 1,325 | 9,006 | 1,132 | 10,138 | (10,138) | ― |
Total | 206,454 | 45,774 | 30,916 | 27,746 | 61,124 | 67,551 | 439,567 | 23,175 | 462,743 | (10,138) | 452,604 |
Segment income | 8,105 | 2,121 | 1,579 | 846 | 1,478 | 1,088 | 15,220 | 326 | 15,546 | (1,518) | 14,028 |
1st Quarter ended June 30, 2022 | Millions of yen | ||||||||||
Reportable segment | Consoli- | ||||||||||
Primary | Metal | Energy | Overseas | Sub- | Other | Total | Adjustment | ||||
Steel | Foods | & Living | sales | dated | |||||||
Metal | Recycling | total | |||||||||
Materials | subsidiaries | ||||||||||
Net sales | |||||||||||
Customers | 301,850 | 57,418 | 42,378 | 28,915 | 85,301 | 111,548 | 627,414 | 38,165 | 665,580 | ― | 665,580 |
Inter-segment | 6,983 | 1,255 | 785 | 184 | 3,260 | 14,532 | 27,002 | 1,231 | 28,233 | (28,233) | ― |
Total | 308,834 | 58,674 | 43,164 | 29,100 | 88,561 | 126,081 | 654,416 | 39,397 | 693,813 | (28,233) | 665,580 |
Segment income | 10,191 | 6,751 | 4,926 | 345 | 2,818 | 2,691 | 27,725 | 1,774 | 29,500 | 3,832 | 33,332 |
Notes:
- "Other" comprises businesses that are not included in reportable segments, such as lumber section and machinery section.
- Adjustments for segment income include inter-segment elimination and Group costs that have not been distributed to reportable segments. These group costs consist mainly of expenses of administrative departments.
- Segment income is adjusted between ordinary income on the consolidated statements of income and comprehensive income.
- Since January 2022, the Company has changed its method of classification of business segments, integrating a part of the Overseas sales subsidiaries business into the Foods business.The classification change also applies to segment information for the 1st quarter of the previous fiscal year.
-4-
August 12, 2022
Highlights of Consolidated Financial Results for the 1st Quarter of FY2022 | (Japan GAAP) |
Outline of Financial Results for the 1st Quarter of FY2022
・ During the 1st quarter of the fiscal year, net sales increased to 665.5 billion yen, because as economic activities continued to be on the right track for recovery, price of the products |
represented by steel, non-ferrous metal and crude oil remained at a high level. In addition, enhancement in business performance of the overseas sales subsidiaries contributed to the net |
sales increase. |
Profits expanded in all business segments except for Foods business. Operating income increased by 79% YoY, to 24.1 billion yen, while ordinary income increased by 138% YoY, to |
HANWA Co., Ltd.
(Unit: billion yen, rounded down to 0.1 billions yen)
Financial Position | Mar. 2022 | Jun. 2022 | Comparison with Mar. 2022 | Main Factors |
Change | rate | |||
33.3 billion yen, as dividend income from strategic investment increased and equity in earnings of affiliates expanded, mainly in the Primary metals business, and net income |
attributable to owners of the parent increased by 152% to 23.9 billion yen. |
・ We plan to pay 100 yen as the annual (50 yen as the interim and 50 yen as the year-end) dividend. |
Operating Results | 1Q of | 1Q of | Y o Y | Main Factors | |
FY2021 | FY2022 | Change | rate | ||
Total assets | 1,715.3 | 1,507.9 | (207.4) | (12%) | ||
(Current assets) | 1,272.0 | 1,177.9 | (94.1) | (7%) | ||
(Fixed assets) | 443.3 | 330.0 | (113.3) | (26%) | ||
Total liabilities | 1,474.8 | 1,235.5 | (239.3) | (16%) | ||
(Interest-bearing debt) | 722.9 | 636.2 | (86.6) | (12%) |
(Overview)
While we have conducted hedge transactions which involve valuation gains or losses attributable to counter parties based on contracts, accounts receivable-other and long-term guarantee deposits decreased due to decrease in the outstanding contract amount of the commodity forwards contracts, collection of accounts receivable-other and a fall in futures prices on the London Metal Exchange. In addition, the Company repaid part of short-term loan payable provided by financial institute.
(Total Assets)
Net sales | 452.6 | |
Gross profit | 26.8 | |
SG&A expenses | 13.3 | |
Operating income | 13.5 | |
Non-operating income | 1.8 | |
Non-operating expenses | 1.3 | |
Ordinary income | 14.0 | |
Extraordinary gain | ― |
665.5 | 212.9 | 47% |
38.8 | 12.0 | 45% |
14.7 | 1.3 | 10% |
24.1 | 10.6 | 79% |
11.8 | 10.0 | 534% |
2.6 | 1.3 | 99% |
33.3 | 19.3 | 138% |
0.7 | 0.7 | ― |
(Net sales)
Net sales increased to 665.5 billion yen, because as economic activities continued to be on the right track for recovery, price of the products represented by steel, non-ferrous metal and crude oil remained at a high level. In addition, enhancement in business performance of the overseas sales subsidiaries contributed to the net sales increase.
(SG&A expenses)
SG & A expenses increased by 1.3 billion yen YoY, with newly consolidated subsidiaries contributing 90 million yen to this figure. Personnel expenses rose by 0.4 billion yen YoY, with 58 million yen of this figure deriving from newly consolidated subsidiaries.
(Non-operating income/expenses)
(Net interest-bearing debt) | 557.4 | 520.5 | (36.8) | (7%) | ||
Net DER | * | * | (41pt) | (21%) | ||
235%/203% | 194%/169% | |||||
Total net assets | 240.4 | 272.3 | 31.8 | 13% | ||
(Equity capital) | 222.0 | 244.0 | 22.0 | 10% | ||
(Valuation & translation | 15.0 | 24.0 | 8.9 | 60% | ||
adjustments) | ||||||
(Minority interests) | 3.3 | 4.2 | 0.8 | 26% | ||
BPS (yen) | 5,834.98 | 6,597.34 | 762.36 | 13% | ||
Shareholders' equity | 237.1 | 268.0 | 30.9 | 13% | ||
Shareholders' equity ratio | 13.8/15.3*% | 17.8/19.4*% | 4.0pt | 29% |
【Changes in Net Sales】
Total assets decreased by 12% from the end of the previous fiscal year, mainly because of decreases in accounts receivable-other and long-term guarantee deposits
(Liabilities)
Liabilities decreased by 16% from the end of the previous fiscal year, mainly as a result of decreases in short-term loans payable and commodity forwards contracts liabilities. As interest- bearing debt decreased by 12%, net debt-equity ratio was turned into 194%(*169%).
(Net assets)
Total net assets increased 13% from the end of the previous fiscal year because of accumulation of retained earnings from net income attributable to owners of parent as well as a fluctuation in foreign currency translation adjustments.Shareholders' equity ratio was 17.8% (*19.4%), which is 4.0 percentage points higher than at the end of the previous fiscal year.
*Reflecting equity credit attributes of the subordinated loan
【Quarterly Operating Results】
Extraordinary loss | ― | |
Income before income | 14.0 | |
taxes and others | ||
Income taxes | 4.4 | |
Net income | 9.5 | |
Owners of the parent | 9.4 | |
Non-controlling interests | 0.1 | |
EPS (yen) | 233.59 | |
Comprehensive | 13.8 | |
income | ||
0.2 | 0.2 | ― |
33.8 | 19.8 | 141% |
9.3 | 4.9 | 112% |
24.4 | 14.8 | 155% |
23.9 | 14.4 | 152% |
0.5 | 0.4 | 436% |
588.55 | 354.96 | 152% |
33.6 | 19.8 | 143% |
Non-operating income increased by 10 billion yen and non-operating expenses increased by 1.3 billion yen.
The main impacts on ordinary income were as follows. Interest income:increase of 0.1 billion yen(YoY) Dividend income:increase of 5.3 billion yen(YoY)
Equity in earnings of affiliates:increase of 1.4 billion yen(YoY)
Foreign exchange gain:increase of 3.1 billion yen (YoY)
Interest expenses:increase of 1.1 billion yen(YoY)
(Extraordinary gain/loss)
Gain on sale of investment securities:0.5 billion yen
Loss on devaluation of investment securities:0.2 billion yen
3000.0 | 1st half | 2nd half | 1st quarter | 1000.0 | Net sales | Operating income | 24 .1 | 24.0 | |||
2,600.0 | Applyng the Accounting Standard for Revenue Recognition | ||||||||||
22.0 | |||||||||||
2500.0 | 18 .8 | ||||||||||
800.0 | 20.0 | ||||||||||
2,164.0 | |||||||||||
16 .9 | |||||||||||
18.0 | |||||||||||
2000.0 | 1,907.4 | 1,745.5 | 623.0 | 665.5 | |||||||
1,183.7 | 16.0 | ||||||||||
13 .5 | 560.7 | ||||||||||
961.4 | 600.0 | 527.7 | |||||||||
Applying the | |||||||||||
944.4 | Applying the | 14.0 | |||||||||
Accounting | |||||||||||
1500.0 | Accounting | 452.6 | 12.0 | ||||||||
Standard for | |||||||||||
Standard for | 13 .1 | ||||||||||
Revenue | |||||||||||
Revenue | 400.0 | 10.0 | |||||||||
Recognition | |||||||||||
1000.0 | Recognition | 8.0 | |||||||||
946.0 | 980.3 | ||||||||||
801.0 | 6.0 | ||||||||||
200.0 | |||||||||||
500.0 | 6 6 5 .5 | 4.0 | |||||||||
4 7 2 .4 | 3 7 5 .6 | 4 5 2 .6 | 2.0 | ||||||||
0.0 | 0.0 | 0.0 | |||||||||
FY2019 | FY2020 | FY2021 | FY2022 (E) | FY2021/1Q | 2Q | 3Q | 4Q | FY2022/1Q |
Segment |
Information |
Steel
Primary Metal
Metal Recycling
Foods
Energy&
Living Materials
Overseas sales
subsidiaries Total for reportable
segments
Other
Total
Net sales
1Q of | 1Q of | rate |
FY2021 | FY2022 | |
206.4 | 308.8 | 50% |
45.7 | 58.6 | 28% |
30.9 | 43.1 | 40% |
27.7 | 29.1 | 5% |
61.1 | 88.5 | 45% |
67.5 | 126.0 | 87% |
439.5 | 654.4 | 49% |
23.1 | 39.3 | 70% |
462.7 | 693.8 | 50% |
Segment income | Main Factors | |||
1Q of | 1Q of | rate | ||
FY2021 | FY2022 | |||
8.1 | 10.1 | 26% | (Steel business) | |
Segment income increased. Transaction volume continued to be stable mainly in the domestic construction | ||||
industry and steel prices remained at a high level due to the spread of increases in manufacturing cost were | ||||
2.1 | 6.7 | 218% | reflected in steel prices. In addition, foreign exchange gains were reported in the steel coil service center in the | |
overseas countries contributed to segment income increased. | ||||
1.5 | 4.9 | 212% | (Primary metals business) | |
Segment income increased. Transaction volume of stainless base metals continued to be stable and prices of | ||||
various merchandises, which seemed to have entered an adjustment phase, remained at a relatively high level. | ||||
0.8 | 0.3 | (59%) | In addition, dividend income from strategic investment as well as equity in earnings of affiliates from | |
SAMANCOR CHROME HOLDINGS PROPRIETARY LTD. contributed to segment income increased. | ||||
1.4 | 2.8 | 91% | (Metal recycling business) | |
Segment income increased. Base metal prices remained at a high level globally and the value of the yen fell. | ||||
In addition, appraisal gain from commodity forwards contracts in hedge transactions contributed to segment | ||||
1.0 | 2.6 | 147% | income increased. | |
(Foods business) | ||||
Segment income decreased. While demand for marine products expanded on a global scale, purchase cost risings | ||||
15.2 | 27.7 | 82% | ||
due to the depreciation of yen were not sufficiently reflected in the selling prices. | ||||
In addition, as import of crabs from Russia were banned in some countries including the U.S., appraisal loss on | ||||
0.3 | 1.7 | 443% | the products was reported by the Company and its consolidated subsidiaries, and as the result the segment | |
income decreased. | ||||
(Energy & Living Materials business) | ||||
15.5 | 29.5 | 90% | Segment income increased. Market prices of crude oil and petroleum products rose further due to the crisis in | |
Ukraine, income from the products such as bunker fuel oil increased. In addition, both transaction volume and | ||||
unit prices of palm kernel shells (PKS) and wood pellet fuel rose due to a demand increase on a global scale | ||||
【Changes in Net Income】
60.0 | ||||||||||||||||||
1st half | 2nd half | 1st quarter | ||||||||||||||||
50.0 | 46.0 | |||||||||||||||||
43.6 | ||||||||||||||||||
40.0 | ||||||||||||||||||
22.7 | ||||||||||||||||||
30.0 | ||||||||||||||||||
20.0 | 19.6 | |||||||||||||||||
23 .9 | ||||||||||||||||||
20.9 | ||||||||||||||||||
12.8 | ||||||||||||||||||
10.0 | ||||||||||||||||||
4 .1 | ||||||||||||||||||
9 .4 | ||||||||||||||||||
6.8 | ||||||||||||||||||
0.0 | 5.1 | |||||||||||||||||
-18.8 | 2 .2 | |||||||||||||||||
-10.0 | ||||||||||||||||||
-20.0 | ||||||||||||||||||
-13.6 | ||||||||||||||||||
FY2019 | FY2020 | FY2021 | FY2022(E) | |||||||||||||||
Forecast | FY2021 | FY2022 | |
(Annual) | (estimated) | change | |
【Changes in Interest-bearing Debt】
900.0 | Interest-bearing debt | 4.0 | ||
Net DER | ||||
Reflecting subordinated loan | 722.9 | |||
636.2 | 3.0 | |||
600.0 | 2 .4 | |||
331.1 | 1 .9 | 2.0 | ||
1 .6 | 301.6 | |||
2 .0 | ||||
1 .3 | ||||
300.0 | 1 .7 | |||
1 .3 | 1 .1 | 1.0 | ||
0.0 | 0.0 | |||
FY2019 | FY2020 | FY2021 | FY2022/1Q |
Cash Dividends | FY2020 | FY2021 | FY2022 |
(estimated) | |||
Adjustment
Consolidated
(10.1) | (28.2) | 179% |
452.6 | 665.5 | 47% |
(1.5) | 3.8 | ― | contributed to segment income increased. |
(Overseas sales subsidiaries) | |||
Segment income increased. Transaction volume in steel increased in some countries, including Indonesia and | |||
14.0 | 33.3 | 138% | Singapore., In addition,while profitability at consolidated subsidiaries in the U.S. improved contributed to |
segment income increased. | |||
Net sales | 2,164.0 | 2,600.0 | 20% | Interim (yen) | 30.00 | 50.00 | 50.00 |
Operating income | 62.3 | 65.0 | 4% | Year-end (yen) | 30.00 | 50.00 | 50.00 |
・ Jun. Established Hanwa Daisun as a consolidated subsidiary of the Company.
Topics
Ordinary income | 62.7 | 65.0 | 4% | Annual (yen) | 60.00 | 100.00 | 100.00 |
Net income attributable | 43.6 | 46.0 | 6% | Dividend payout ratio | 12% | 9% | 9% |
to owners of the parent | |||||||
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Hanwa Co. Ltd. published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 04:08:08 UTC.