Disclaimer: This document is a partial English translation of the Japanese original which is filed with the Tokyo Stock Exchange and is only for reference purposes. In case of any discrepancy between this translation and the Japanese original, the latter shall prevail.
Consolidated Financial Results
for the Three Months Ended June 30, 2022
[Japanese GAAP]
August 9, 2022
Company name: HAZAMA ANDO CORPORATION
Stock exchange listing: Tokyo Stock Exchange
Code number: 1719
URL: https://www.ad-hzm.co.jp/
Representative: Masato Fukutomi, Representative Director and President
Contact: Toshihisa Kino, Corporate Communication Department General Manager
Phone: +81-3-3575-6094
Scheduled date of filing quarterly securities report: August 9, 2022
Scheduled date of commencing dividend payments: ―
Availability of supplementary briefing material on quarterly financial results: No
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, 2022 (April 1, 2022 to June 30, 2022)
(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, 2022 | 72,444 | (1.7) | 1,908 | (61.6) | 2,274 | (49.9) | 3,245 | 8.3 |
June 30, 2021 | 73,728 | (10.3) | 4,966 | (5.5) | 4,542 | 3.8 | 2,995 | 3.6 |
(Note) Comprehensive income: Three months ended June 30, 2022: ¥5,094 million [ 48.8%] Three months ended June 30, 2021: ¥3,424 million [(7.5)%]
Basic earnings | Diluted earnings | |
per share | per share | |
Three months ended | Yen | Yen |
June 30, 2022 | 19.48 | - |
June 30, 2021 | 16.23 | 16.23 |
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio | |
Million yen | Million yen | % | |
As of June 30, 2022 | 285,397 | 140,267 | 48.9 |
As of March 31, 2022 | 295,332 | 141,682 | 47.7 |
(Reference) Equity: As of June 30, 2022: ¥139,454 million As of March 31, 2022: ¥140,921 million
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, 2022 | - | 20.00 | - | 20.00 | 40.00 | |||||||
Fiscal year ending March 31, 2023 | - | |||||||||||
Fiscal year ending March 31, 2023 | 20.00 | - | 20.00 | 40.00 | ||||||||
(Forecast) | ||||||||||||
(Note) Revision to the forecast for | dividends announced most recently: No |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | |||||
owners of parent | per share | ||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
First half | 162,000 | 1.9 | 8,200 | (34.1) | 7,600 | (36.7) | 4,700 | (42.0) | 28.32 |
Full year | 377,000 | 10.8 | 24,000 | (9.8) | 23,100 | (10.6) | 15,600 | (11.7) | 94.20 |
(Note) Revision to the financial results forecast announced most recently: No
* Notes:
- Changes in significant subsidiaries during the three months ended June 30, 2022 (changes in specified subsidiaries resulting in changes in scope of consolidation): No
- Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: Yes
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: Yes
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
June 30, 2022: 181,021,197 shares
March 31, 2022: 181,021,197 shares
-
Total number of treasury shares at the end of the period: June 30, 2022: 15,748,711 shares
March 31, 2022: 12,050,920 shares - Average number of shares during the period:
Three months ended June 30, 2022: 166,613,377 shares
Three months ended June 30, 2021: 184,585,857 shares
The Company has adopted a performance-linked stock remuneration plan using a trust. The Company's shares held by the trust (639,519 shares) are included in the total number of treasury shares at the end of the period and the average number of shares during the period is calculated and stated taking into account shares held by the trust.
* Explanation of the proper use of financial results forecast and other notes
- The earnings forecasts and other forward-looking statements herein are based on information currently available to the Company and certain assumptions deemed reasonable. Actual results may differ significantly due to a wide range of factors.
1. Quarterly Consolidated Financial Statements
(1) Quarterly Consolidated Balance Sheets
(Million yen) | |||||
As of March 31, 2022 | As of June 30, 2022 | ||||
Assets | |||||
Current assets | |||||
Cash and deposits | 66,080 | 59,334 | |||
Notes receivable, accounts receivable from | 140,431 | 129,672 | |||
completed construction contracts and other | |||||
Costs on construction contracts in progress | 4,075 | 4,803 | |||
Other inventories | 7,930 | 8,163 | |||
Other | 9,567 | 14,218 | |||
Allowance for doubtful accounts | (14) | (13) | |||
Total current assets | 228,070 | 216,178 | |||
Non-current assets | |||||
Property, plant and equipment | |||||
Land | 15,852 | 15,759 | |||
Other, net | 14,334 | 14,470 | |||
Total property, plant and equipment | 30,186 | 30,230 | |||
Intangible assets | 1,542 | 1,537 | |||
Investments and other assets | |||||
Investment securities | 20,960 | 22,698 | |||
Deferred tax assets | 7,091 | 6,605 | |||
Other | 7,482 | 8,621 | |||
Allowance for doubtful accounts | (1) | (473) | |||
Total investments and other assets | 35,532 | 37,451 | |||
Total non-current assets | 67,262 | 69,218 | |||
Total assets | 295,332 | 285,397 |
1
(Million yen)
As of March 31, 2022 | As of June 30, 2022 |
Liabilities | ||||||||
Current liabilities | ||||||||
Accounts payable for | construction | contracts | and | 47,134 | ||||
other | ||||||||
Short-term borrowings | 16,676 | |||||||
Current portion of bonds | 237 | |||||||
Advances received on | construction | contracts | in | 18,237 | ||||
progress | ||||||||
Deposits received | 34,038 | |||||||
Provision for warranties for completed construction | 1,442 | |||||||
Provision for bonuses | 2,690 | |||||||
Provision for loss on construction contracts | 595 | |||||||
Provision for loss on damage due to fire | 3,921 | |||||||
Other | 15,415 | |||||||
Total current liabilities | 140,388 | |||||||
Non-current liabilities |
36,357
16,637
237
29,102
30,663
1,421
776
492
-
16,295
131,983
Bonds payable | 162 | 162 | |
Long-term borrowings | 7,640 | 7,555 | |
Deferred tax liabilities | 37 | 35 | |
Retirement benefit liability | 3,816 | 3,805 | |
Provision for environmental measures | 138 | 138 | |
Provision for management board incentive plan trust | 162 | 207 | |
Other | 1,302 | 1,239 | |
Total non-current liabilities | 13,261 | 13,146 | |
Total liabilities | 153,650 | 145,130 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 17,006 | 17,006 | |
Capital surplus | 17,058 | 17,058 | |
Retained earnings | 114,124 | 113,977 | |
Treasury shares | (10,422) | (13,539) | |
Total shareholders' equity | 137,766 | 134,502 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 2,996 | 4,098 | |
Deferred gains or losses on hedges | (345) | 280 | |
Foreign currency translation adjustment | 85 | 162 | |
Remeasurements of defined benefit plans | 417 | 410 | |
Total accumulated other comprehensive income | 3,154 | 4,952 | |
Non-controlling interests | 761 | 812 | |
Total net assets | 141,682 | 140,267 | |
Total liabilities and net assets | 295,332 | 285,397 |
2
- Quarterly Consolidated Statements of Income and Comprehensive Income (Quarterly Consolidated Statements of Income)
(Three Months Ended June 30)
(Million yen) | ||||||||
For the three months | For the three months | |||||||
ended June 30, 2021 | ended June 30, 2022 | |||||||
Net sales | ||||||||
Net sales of completed construction contracts | 69,050 | 66,152 | ||||||
Sales in other businesses | 4,677 | 6,292 | ||||||
Total net sales | 73,728 | 72,444 | ||||||
Cost of sales | ||||||||
Cost of sales of completed construction contracts | 59,995 | 59,110 | ||||||
Cost of sales in other businesses | 3,776 | 5,710 | ||||||
Total cost of sales | 63,772 | 64,821 | ||||||
Gross profit | ||||||||
Gross profit on completed construction contracts | 9,055 | 7,041 | ||||||
Gross profit - other business | 900 | 581 | ||||||
Total gross profit | 9,956 | 7,623 | ||||||
Selling, general and administrative expenses | 4,989 | 5,714 | ||||||
Operating profit | 4,966 | 1,908 | ||||||
Non-operating income | ||||||||
Dividend income | 30 | 60 | ||||||
Foreign exchange gains | - | 508 | ||||||
Other | 44 | 113 | ||||||
Total non-operating income | 75 | 682 | ||||||
Non-operating expenses | ||||||||
Interest expenses | 76 | 76 | ||||||
Share of loss of entities accounted for using equity | - | 11 | ||||||
method | ||||||||
Commission expenses | 137 | 144 | ||||||
Foreign exchange losses | 126 | - | ||||||
Compensation for damage | 85 | 66 | ||||||
Other | 73 | 17 | ||||||
Total non-operating expenses | 499 | 316 | ||||||
Ordinary profit | 4,542 | 2,274 | ||||||
Extraordinary income | ||||||||
Compensation for damage received | - | 2,700 | ||||||
Gain on reversal of provision for loss on damage due to | - | 305 | ||||||
fire | ||||||||
Subsidy income | - | 94 | ||||||
Total extraordinary income | - | 3,100 | ||||||
Extraordinary losses | ||||||||
Loss on damage due to fire | 1 | - | ||||||
Loss on tax purpose reduction entry of non-current | - | 90 | ||||||
assets | ||||||||
Loss on retirement of non-current assets | - | 43 | ||||||
Loss on valuation of investment securities | 26 | - | ||||||
Head office relocation expenses | - | 338 | ||||||
Loss on litigation | 12 | - | ||||||
Total extraordinary losses | 40 | 472 | ||||||
Profit before income taxes | 4,502 | 4,902 | ||||||
Income taxes | 1,509 | 1,661 | ||||||
Profit | 2,992 | 3,240 | ||||||
Loss attributable to non-controlling interests | (3) | (5) | ||||||
Profit attributable to owners of parent | 2,995 | 3,245 |
3
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Hazama Ando Corp. published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 07:25:10 UTC.