Summary of Consolidated Financial Statements
for Third Quarter of Fiscal Year Ending March 31, 2022(Japan GAAP)
February 10, 2022 | ||||
Listed Exchanges: TSE | ||||
Name of Listed Company: Ishihara Sangyo Kaisha, Ltd. | ||||
Code: | 4028 | URL https://www.iskweb.co.jp/ | ||
Representative: | (Title) Executive Director President | (Name) Hideo Takahashi | ||
Contact: | (Title) Director | (Name) Yasunobu Kawazoe | Tel +81-6-6444-1850 |
Scheduled date of securities report submission: February 14, 2022
Scheduled date of dividend payment commencement: -
(Any amount less than one million yen is rounded down to the nearest million yen or nil.)
1. Consolidated Financial Results for Third Quarter of Fiscal Year Ended March 31,2022(April 1,2021 to December 31, 2021)
- Consolidated Operating Results
(Percentages represent changes from same period in previous year.)
Net sales | Operating income | Ordinary income | Net income | |||||||||||||||
millions of yen | % | millions of yen | % | millions of yen | % | millions of yen | % | |||||||||||
3Q, 2021 | 78,947 | 16.3 | 5,925 | ⎯ | 6,083 | ⎯ | 4,768 | ⎯ | ||||||||||
3Q, 2020 | 67,874 | -4.0 | -508 | ⎯ | -1,249 | ⎯ | -,2789 | ⎯ | ||||||||||
(Note) Comprehensive income: | as of December 31, 2021: 5,394 million yen (⎯%), | |||||||||||||||||
as of December 31,2020: -2,649 million yen (⎯%) | ||||||||||||||||||
Net income per share | Net income per share after full dilution | |||||||||||||||||
Yen | Yen | |||||||||||||||||
3Q, 2021 | 119.34 | ⎯ | ||||||||||||||||
3Q, 2020 | -69.80 | ⎯ | ||||||||||||||||
(2) Consolidated Financial Position | ||||||||||||||||||
Total assets | Net assets | Capital adequacy ratio | ||||||||||||||||
millions of yen | Millions of yen | % | ||||||||||||||||
3Q, 2021 | 180,862 | 83,936 | 46.4 | |||||||||||||||
Year ended March 31, 2021 | 180,021 | 79,515 | 44.2 | |||||||||||||||
(Reference) Equity capital: | as of December 31, 2021: 83,936million yen, as of March 31, 2021: 79,515 million yen | |||||||||||||||||
2. Dividends | ||||||||||||||||||
Dividends per share | ||||||||||||||||||
(Record date) | June 30 | September 30 | December 31 | March 31 | Annual | |||||||||||||
(Q1-end) | (Q2-end) | (Q3-end) | (Year-end) | |||||||||||||||
Yen | Yen | Yen | Yen | Yen | ||||||||||||||
Year ended March 31, 2021 | ⎯ | 0.00 | ⎯ | 18.00 | 18.00 | |||||||||||||
Year ended March 31, 2022 | ⎯ | 0.00 | ⎯ | |||||||||||||||
Year ending March 31, 2022 | 25.00 | 25.00 | ||||||||||||||||
(Forecast) | ||||||||||||||||||
(Note) 1. Modification in the dividend forecast for current quarter: No modification |
3. Forecast for Consolidated Results for the Full Year Ending March 31, 2022 (April 1, 2021 - March 31, 2022)
(Percentages represent forecasted changes from the previous year for the full year results, and forecasted changes from the same period in the previous year for the interim results.)
Net sales | Operating income | Ordinary income | Net income | Earnings per share | ||||||||
millions | % | millions | % | millions | % | millions | % | Yen | ||||
of yen | of yen | of yen | of yen | |||||||||
Full year | 110,000 | ⎯ | 9,000 | 74.0 | 8,500 | 43.0 | 6,500 | 92.7 | 162.68 | |||
(Note) Modification in the dividend forecast for current quarter: No modification |
(Note) Financial forecasts for the year ending March 31,2022 are in line with the Accounting Standard for Revenue Recognition. This is why the rate of increase (decrease) in net sales in FY2020 before applying the standard cannot be announced.
- This is an English translation of Summary originally written in Japanese and disclosed to TSE. For official purposes, the Japanese version takes preference over this English translation
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4. Other information
-
Significant changes in subsidiaries during the period
(changes in specified subsidiaries resulting in the change in consolidation scope): No - Adoption of simplified accounting treatment and special accounting treatment for quarterly consolidated statement: No
- Changes in accounting principles, procedures, and the method of presentation
1) Changes due to revisions of accounting standards etc. | : Adopted | |
2) | Changes other than those defined in 1) above | : Adopted |
3) | Changes in accounting procedures | : No |
4) | Changes in the method of presentation | : No |
(4) Issued shares (common shares) | ||
1) | Issued shares as of period-end (including repurchased treasury shares) | |
As of December 31, 2021: 40,383,943 shares | As of March 31, 2021: 40,383,943 shares | |
2) | Number of shares of treasury stock as of period-end | |
As of December 31, 2021: 430,135shares | As of March 31, 2021: 427,338 shares | |
3) Average number of outstanding shares during period | ||
3Q 2021: 39,955,201 shares | 3Q 2020: 39,959,649 shares |
*Quarterly financial results are outside the scope of quarterly review.
*Notes on proper use of forecast and other matters
The forecast of financial results presented in this document is the result of management's assessment based upon currently available assumptions, prospects and plans for the future. Actual results and dividend payments may differ from these forecasts, due to risks and uncertain factors, such as the global economy, competition, and foreign currency fluctuations.
- This is an English translation of Summary originally written in Japanese and disclosed to TSE. For official purposes, the Japanese version takes preference over this English translation
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5. Consolidated Financial Statements
(1) Consolidated Balance Sheet
(Unit: millions of yen) | ||
Account Category | As of March 31, 2021 | As of December 31, 2021 |
(summary) | ||
Assets | ||
Current assets | ||
Cash and deposits | 25,941 | 34,178 |
Notes and accounts receivable - trade | 34,235 | - |
Notes and accounts receivable-trade and contract assets | - | 27,899 |
Merchandise and finished goods | 31,180 | 28,302 |
Work in process | 5,040 | 5,509 |
Raw materials and supplies | 18,253 | 19,219 |
Other | 3,456 | 4,510 |
Allowance for doubtful accounts | -1,104 | -1,138 |
Total current assets | 117,003 | 118,481 |
Non-current assets | ||
Property, plant and equipment | ||
Machinery equipment, net | 20,056 | 21,101 |
Others, net | 27,051 | 25,181 |
Total property, plant and equipment | 47,107 | 46,282 |
Intangible assets | 551 | 961 |
Investments and other assets | ||
Investment securities | 6,187 | 6,175 |
Deferred tax assets | 8,547 | 8,452 |
Net defined benefit asset | 10 | 11 |
Other | 698 | 582 |
Allowance for doubtful accounts | -84 | -83 |
Total investments and other assets | 15,358 | 15,136 |
Total non-current assets | 63,017 | 62,380 |
Total assets | 180,021 | 180,862 |
- This is an English translation of Summary originally written in Japanese and disclosed to TSE. For official purposes, the Japanese version takes preference over this English translation
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(Unit: millions of yen) | ||
Account Category | As of March 31, 2021 | As of December 31, 2021 |
(summary) | ||
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 14,476 | 16,823 |
Short-term loans payable | 16,423 | 16,275 |
Currents portion of bonds | 1,118 | 1,118 |
Accrued income taxes | 614 | 535 |
Provision | 942 | 607 |
Other | 8,627 | 10,149 |
Total current liabilities | ||
42,203 | 45,509 | |
Long-term liabilities | ||
Bonds payable | ||
5,017 | 4,353 | |
Long-term loans payable | 33,130 | 27,829 |
Provision for environment and safety improvement | 1,741 | 1,452 |
Other provision | 227 | 116 |
Net defined benefit liability | 12,693 | 12,923 |
Liabilities from application of equity method | 451 | 737 |
Other | 5,040 | 4,003 |
Total long-term liabilities | ||
58,302 | 51,416 | |
Total Liabilities | ||
100,506 | 96,925 | |
Net assets | ||
Shareholder's equity | ||
Capital stock | 43,420 | 43,420 |
Capital surplus | 10,627 | 10,627 |
Retained earnings | 27,872 | 31,671 |
Treasury shares | -730 | -734 |
Total shareholders' equity | ||
81,189 | 84,984 | |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | -308 | -308 |
Foreign currency translation adjustment | -1,286 | -699 |
Remeasurements of defined benefit plans | -78 | -40 |
Total accumulated other comprehensive income | ||
-1,674 | -1,048 | |
Total net assets | ||
79,515 | 83,936 | |
Total liabilities and net assets | ||
180,021 | 180,862 | |
- This is an English translation of Summary originally written in Japanese and disclosed to TSE. For official purposes, the Japanese version takes preference over this English translation
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(2) Consolidated Statements of Income
(Unit: millions of yen) | ||
Q3 2020 | Q3 2021 | |
Account Category | (April 1,2020 to | (April 1,2021 to |
December 31, 2020) | December 31, 2021 | |
Net sales | 67,874 | 78,947 |
Cost of sales | 51,491 | 57,537 |
Gross profit | 16,382 | 21,409 |
Selling, general and administrative expenses | 16,891 | 15,483 |
Operating income(loss) (-) | -508 | 5,925 |
Non-operating income | ||
Interest income | 21 | 11 |
Dividend income | 143 | 167 |
Foreign exchange gains | ⎯ | 672 |
Reversal of allowance for doubtful accounts | 355 | ⎯ |
Gain on sales of raw materials | 135 | 100 |
Other | 107 | 242 |
Total non-operating income | 763 | 1,194 |
Non-operating expenses | ||
Interest expenses | 402 | 407 |
Financial fee | 182 | 203 |
Share of loss of entities accounted for using equity method | 435 | 262 |
Foreign exchange losses | 297 | ⎯ |
Other | 186 | 163 |
Total non-operating expenses | 1,505 | 1,037 |
Ordinary income(loss) (-) | -1,249 | 6,083 |
Extraordinary income | ||
Gain on forgiveness of debts | ⎯ | 552 |
Other | ⎯ | 160 |
Total extraordinary income | ⎯ | 713 |
Extraordinary loss | ||
Impairment loss | 314 | ⎯ |
Loss on disposal of non-current assets | 502 | 804 |
Loss on business withdrawal | 758 | ⎯ |
Total extraordinary losses | 1,574 | 804 |
Income (loss) before income taxes and minority interests (-) | -2,824 | 5,991 |
Income taxes-current | 313 | 938 |
Income taxes - deferred | -348 | 284 |
Total income taxes | -35 | 1,222 |
Net income (loss) (-) | -2,789 | 4,768 |
Profit (loss) attributable to owners of parent (-) | -2,789 | 4,768 |
- This is an English translation of Summary originally written in Japanese and disclosed to TSE. For official purposes, the Japanese version takes preference over this English translation
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ISHIHARA SANGYO KAISHA Ltd. published this content on 10 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2022 08:03:02 UTC.