April 27, 2022
Consolidated Financial Results
For the Year Ended March 31, 2022
Company name: IBIDEN CO., LTD.
Stock exchange listings: Tokyo and Nagoya Stock Exchange (Code number:4062)
URL:https://www.ibiden.com/
Representative: Takeshi Aoki, President & CEO, Representative Director
Contact: Hisashi Sano, Vice President of Strategic Corporate Planning Operation
(Tel. +81-584-81-3111)
The date of the Ordinary General Meeting of Shareholders: June 17, 2022
The filing date of annual securities report: June 17, 2022
Additional documents to supplement financial results: Yes
IR presentation: Yes
(Amounts less than one million yen are omitted)
1. Consolidated Financial Results for FY 2021 (From April 1, 2021 to March 31, 2022)
(1) Operating results (Percentage figures indicate the change from the same period of the prior fiscal year)
Net sales | Operating profit | Ordinary profit | Profit (loss) attributable to owners of parent | |
FY 2021 FY 2020 | Million yen % 401,138 24.0 323,461 9.3 | Million yen % 70,821 83.3 38,634 96.3 | Million yen % 74,394 82.7 40,716 90.6 | Million yen % 41,232 60.4 25,698 126.8 |
Note: Comprehensive income
FY 2021: 54,952 million yen
(2.4%)
FY 2020: 53,657 million yen
(-%)
Basic earnings per share | Diluted earnings per share | Return on Equity | Ordinary income to total assets | Operating income to net sales | |
FY 2021 FY 2020 | Yen 295.35 183.94 | Yen - - | % 12.1 8.8 | % 12.0 7.4 | % 17.7 11.9 |
Note: Share of profit(loss) of entities accounted for using equity method
FY 2021: 2 million yen
FY 2020:
0 million yen
(2) Financial positions
Total assets | Net assets | Capital adequacy ratio | Net assets per share | |
FY 2021 FY 2020 | Million yen 664,332 578,518 | Million yen 370,728 321,863 | % 54.9 54.6 | Yen 2,611.43 2,262.99 |
Note: Owner's equity
As of March 31, 2022 :
364,576 million yen
As of March 31, 2021 :
315,914 million yen
2. Notes
(1) Material changes in subsidiaries during this period : None
(2) Changes in accounting policies, accounting estimates and retrospective restatement
(ⅰ) Changes in accounting policies based on revisions of accounting standard: Yes
(Applying Accounting Standard for Revenue Recognition)
"Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020. Hereinafter "Revenue Recognition Standard") and related guidelines have been adopted from the beginning of the current first quarter. In line with this adoption, revenue is recognized upon the transfer of controls for promised goods or services to customers in an amount that reflects the consideration they expect to be entitled to in exchange for those goods or services.
As a result, net sales decreased by 466 million yen, cost of sales decreased by 337 million yen and operating profit, ordinary profit, and profit before income taxes for the current first quarter decreased by 129 million yen. In addition, the balance of retained earnings at the beginning of the period decreased by 18 million yen.
As a result of the adoption of the Revenue Recognition Standard, "Notes and accounts receivable - trade" which was presented in "Current assets" of the consolidated balance sheet for the previous fiscal year, is included in "Notes and accounts receivable - trade, and contract assets" from the first quarter of the current fiscal year. Following the transitional treatment outlined in Article 89-2 of the Revenue Recognition Standard, consolidated financial statements for past periods have not been reclassified using the new presentation method.
(ⅱ) Changes in accounting policies other than the above: None
(ⅲ) Changes in accounting estimates: None
(ⅳ) Retrospective restatement: None
(3) Number of shares issued and outstanding (common stock)
(ⅰ) Number of shares outstanding (including treasury stock):
As of March 31, 2022
140,860,557 shares
As of March 31, 2021
140,860,557 shares
(ⅱ) Number of treasury stock :
As of March 31, 2022
1,252,626 shares
As of March 31, 2021
1,260,507 shares
(ⅲ) Average number of shares::
FY 2021 | 139,608,019 shares | FY 2020 | 139,711,913 shares |
* This financial result is not subject to audit by certified public accountants or auditing firm.
Consolidated balance sheet
Assets Current assets
Cash and deposits
Notes and accounts receivable - trade Notes and accounts receivable - trade, and contract assets
Merchandise and finished goods
Work in process
Raw materials and supplies Other current assets Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment Buildings and structures Machinery, equipment and vehicles Land
Lease assets Construction in progress
Other - property, plant and equipment
Total property, plant and equipment
As of Mar 31,2022
As of Mar 31,2021
(Million yen)Increase (Decrease)
185,592 -126,884
58,707
89,796 (89,796)
92,083
- 92,083
26,822
13,653 13,169
19,785
18,734 1,051
27,959
24,636 3,323
11,120
11,769 (648)
(94)
(109) 15
363,270
285,364
77,905
76,266
78,782 (2,516)
87,979
70,773 17,206
20,108
19,971 136
285
246 39
34,013
38,590 6,463 214,828
(4,576)
225,920
7,266
802 11,091
Intangible assets
Investments and other assets
Investment securities Long-term loans receivable Deferred tax assets
Other assets
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
5,448
5,392
56
64,638
68,198
(3,559)
8
3,951
8 (0)
3,488 463
1,343
1,480 (137)
(247)
(242) (5)
69,693 301,062 664,332
72,933 (3,239)
293,153 7,908
578,518 85,813
(Continued)
As of Mar 31,2022
As of Mar 31,2021
Increase (Decrease)
Liabilities and net assets Liabilities
Current liabilities
Notes and accounts payable - trade Short-term loans payable
Current portion of bonds Accounts payable - other Income taxes payable Provision for bonuses
Provision for bonuses for directors
Provision for loss on liquidation of subsidiaries and associates
Notes payable - facilities Other - current liabilities
Total current liabilities
Non-current liabilities
Bonds payable Long-term loans payable Lease obligations
Deferred tax liabilities for land revaluation Retirement benefit liability
Provision for share-based compensation Deferred tax liabilities
Other - non-current liabilities
Total non-current liabilities
Total liabilities
51,150
45,717 5,432
20,030
20,130 (100)
20,000
18,278
15,000 5,000
17,492 785
14,909
5,624 9,285
5,384
4,802 582
173 176 4,806 21,251 156,160
155 18
225 (48)
8,606 (3,800)
14,144 7,106
131,899 24,260
50,000
35,000 15,000
80,000
199
80,044 (44)
172 27
68
68
-
578
1,078
(499)
493
352
140
5,095
7,117
(2,022)
1,007
921
86
137,443 293,603
124,755 12,688
256,655 36,948
(Continued)
As of Mar 31,2022
As of Mar 31,2021
Increase (Decrease)
Net assets
Shareholders' equity
Capital stock Capital surplus Retained earnings Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Revaluation reserve for land
Foreign currency translation adjustment
Total accumulated other comprehensive income
Non-controlling interests
64,152
64,152
-
64,494
64,433
60
184,612
149,379
35,232
(3,264)
(3,286)
21
309,994
274,679
35,314
26,626
160 27,795 54,581 6,152
28,638
(2,012)
160
-12,435 15,359
41,234 13,347
5,949 203
Total net assets
Total liabilities and net assets
370,728 664,332
321,863 48,865
578,518 85,813
(Concluded)
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Ibiden Co. Ltd. published this content on 27 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2022 06:34:06 UTC.