Maxell : Notice of difference between non-consolidated financial results of the fiscal year ended March 31, 2021 and the results of the previous fiscal year
April 28, 2021 at 03:33 am EDT
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FOR IMMEDIATE RELEASE
Notice of difference between non-consolidated financial results of the fiscal
year ended March 31, 2021 and the results of the previous fiscal year
Tokyo, April 28, 2021－Maxell Holdings, Ltd. (TSE: 6810, hereinafter "the Company") today announced difference between non-consolidated financial results of the fiscal year ended March 31, 2021 and the results of the fiscal year ended March 31, 2020 as follows.
1. Difference between non-consolidated financial results of the fiscal year ended March 31, 2021 and the results of the fiscal year ended March 31, 2020 (April 1, 2020 through March 31, 2021)
Operating
Operating
Ordinary
Net profit
Net profit
revenue
profit
profit
per share
(Million yen)
(Million yen)
(Million yen)
(Million yen)
(yen)
Results of the fiscal year
5,526
2,284
2,379
(4,087)
(79.98)
ended March 2020 (A)
Results of the fiscal year
5,056
2,151
1,414
(160)
(3.24)
ended March 2021 (B)
Variance (C)=(B)-(A)
(470)
(133)
(965)
3,927
% of change (C)/(A)
(8.5)
(5.8)
(40.6)
-
2. Reason of difference between non-consolidated financial results of the fiscal year ended March 31, 2021 and the results of the fiscal year ended March 31, 2020
Among the differences between the results of the fiscal ended March 31, 2021 and of the previous year, Ordinary profit decreased by 965 million yen, mainly due to allowance for doubtful accounts amounted 876 million yen for the Company's consolidated subsidiary, Maxell Izumi Co., Ltd.
On the other hand, for Net profit, the result of the previous year was loss of 4,087 million yen due to extraordinary loss amounted 6,087 million yen including evaluation losses of shares of affiliated company as well as provision of allowance for doubtful accounts for affiliated company. However, regarding the result of the fiscal year ended March 31, 2021, although there was extraordinary loss amounted 6,174 million yen including evaluation loss of shares of affiliated company for the shares of Maxell Izumi Co., Ltd. owned by the Company amounted 5,335 million yen as well as impairment loss for non-current assets of the Company amounted 822 million yen, due to the extraordinary income amounted 6,473 million yen including transfer gains of non-current asset amounted 6,436 million yen announced in "Announcement about transfer of non-current assets and recognition on extraordinary income" on February 25, 2021, Net profit increased by 3,927 million yen.
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Hitachi Maxell Ltd. published this content on 28 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2021 07:32:07 UTC.
Maxell Ltd, formerly Maxell Holdings Ltd, is mainly engaged in the manufacturing and sales of energy, industrial materials and electric appliances and consumer products. The Company mainly operates through three business segments. The Energy segment manufactures and sells secondary batteries, such as coin type lithium secondary batteries, industrial lithium ion batteries and electrodes, and consumer lithium ion batteries, primary batteries such as lithium primary batteries and button batteries, and charger and battery packs. The Industrial Materials segment manufactures and sells optical components, functional materials, electroforming and precision parts, semiconductor-related embedded systems, mold and synthetic resin molded parts, adhesive tapes, radio-frequency identification (RFID) systems and Integrated Circuit (IC) cards, industrial rubber products and others. The Electric Appliance and Consumer segment manufactures and sells projectors, small electric equipments and others.
Maxell : Notice of difference between non-consolidated financial results of the fiscal year ended March 31, 2021 and the results of the previous fiscal year
MAXELL, LTD. 
