MISUMI : FY2022 Consolidated Financial Results （593KB）

This is an abridged translation of the original document in Japanese and is intended for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the Japanese original shall prevail.

Consolidated Financial Results

for the Fiscal Year Ended March 31, 2023

[Japanese GAAP]

	April 27, 2023
Company name: MISUMI Group Inc.	Stock exchange listing: Tokyo Stock Exchange
Securities Code: 9962	URL: https://www.misumi.co.jp
Representative: Ryusei Ono, Representative Director and President
Contact: Toru Takanami, CFO and Senior Corporate Officer and Representative Corporate Officer, Finance
Platform
Phone: [phone]
Scheduled date of Annual General Meeting of Shareholders: June 15, 2023
Scheduled date of dividend payments: June 21, 2023
Scheduled date of filing securities report: June 23, 2023
Preparation of supplemental explanatory materials: Yes (materials for institutional investors)
Holding of financial results meeting: Yes (meeting for institutional investors)
	(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 1, 2022 to March 31, 2023)

(1) Consolidated Operating Results		(% indicates changes from the previous corresponding period.)
		Net sales		Operating income	Ordinary income	Net income
			attributable to
								owners of parent
	Fiscal year ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
	March 31, 2023	373,151	1.9	46,615	(10.7)	47,838	(8.9)	34,282	(8.7)
	March 31, 2022	366,160	17.8	52,210	92.0	52,500	93.1	37,557	119.1

(Note) Comprehensive income: Fiscal year ended March 31, 2023: ¥42,810 million (20.0)% Fiscal year ended March 31, 2022: ¥53,528 million 114.4%

	Net income per	Net income per	Return	Ordinary income	Operating income
	share	share (diluted)	on equity	to total assets	to net sales
Fiscal year ended	Yen	Yen	%	%	%
March 31, 2023	120.53	120.18	11.7	13.2	12.5
March 31, 2022	132.15	131.72	14.8	16.5	14.3

(Reference) Share of profit of entities accounted for using equity method:

Fiscal year ended March 31, 2023: ¥43 million

Fiscal year ended March 31, 2022: ¥37 million

(2) Consolidated Financial Position

	Total assets	Net assets	Equity ratio	Net assets per share
	Million yen	Million yen	%	Yen
As of March 31, 2023	378,458	314,224	82.3	1,093.98
As of March 31, 2022	347,390	279,959	79.8	975.04

(Reference) Shareholders' equity: As of March 31, 2023: ¥311,286 million As of March 31, 2022: ¥277,225 million

(3) Consolidated Cash Flows

	Cash flows from	Cash flows from	Cash flows from	Cash and cash
	equivalents at end
	operating activities	investing activities	financing activities
	of fiscal year
Fiscal year ended	Million yen	Million yen	Million yen	Million yen
March 31, 2023	31,447	(19,033)	(11,169)	106,640
March 31, 2022	55,391	(22,761)	(9,609)	101,443

2. Cash Dividends

Cash dividends per share for the fiscal year (yen)

1st

2nd

3rd

Year-end

Total

quarter-end

quarter-end

quarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2022

－

18.33

－

14.71

33.04

Fiscal year ended March 31, 2023

－

17.80

－

12.34

30.14

Fiscal year ending March 31, 2024

－

16.43

－

16.79

33.22

(Forecast)

Dividend payout ratio

Ratio of dividends

Total cash dividends paid

to net assets

(Consolidated)

(Consolidated)

Million yen

%

%

Fiscal year ended March 31, 2022

9,391

25.0

3.7

Fiscal year ended March 31, 2023

8,573

25.0

2.9

Fiscal year ending March 31, 2024

25.0

(Forecast)

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 to March 31, 2024)

(% indicates changes from the previous corresponding period.)

			Operating			Net income	Net income per
	Net sales		Ordinary income	attributable to
		income		share
						owners of parent
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
2nd quarter-end	188,000	(0.1)	25,200	(6.3)	25,400	(7.7)	18,700	(7.6)	65.72
(Cumulative)
Full year	396,000	6.1	51,000	9.4	51,400	7.4	37,800	10.3	132.84

* Notes:

1. Changes in significant consolidated subsidiaries during the fiscal year
   (Changes in specified subsidiaries resulting in changes in scope of consolidation): None
2. Changes in accounting policies, changes in accounting estimates and retrospective restatement
3. 1. Changes in accounting policies due to the revision of accounting standards: Yes
   2. Changes in accounting policies other than 1) above: None
   3. Changes in accounting estimates: None
   4. Retrospective restatement: None

(Note) For details, please refer to "3. Consolidated Financial Statements and Primary Notes, (5) Notes to the Consolidated Financial Statements (Changes in accounting policies)" on page 13 of the attached document.

1. Total number of shares outstanding (common shares)
2. 1. Total number of shares outstanding at the end of the fiscal year (including treasury stock): As of March 31, 2023: 284,675,397 shares
      As of March 31, 2022: 284,452,897 shares
   2. Total number of treasury stock at the end of the fiscal year:

As of March 31, 2023: 130,070 shares

As of March 31, 2022: 129,896 shares

1. Weighted average number of shares outstanding during the fiscal year: Fiscal year ended March 31, 2023: 284,420,737 shares
   Fiscal year ended March 31, 2022: 284,200,208 shares

(Reference) Overview of Non-consolidated Financial Results

1. Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 1, 2022 to March 31, 2023)

(1) Non-consolidated Operating Results	(% indicates changes from the previous corresponding period.)
			Operating revenue		Operating income		Ordinary income		Net income
	Fiscal year ended		Million yen	%		Million yen	%		Million yen	%		Million yen	%
	March 31, 2023	22,123	(15.9)		9,461	20.8		9,680	18.9	9,375	17.9
	March 31, 2022	26,307	18.9		7,834	112.9		8,142	96.9	7,953	102.8
			Net income per share	Net income per share
			(diluted)
	Fiscal year ended			Yen		Yen
	March 31, 2023			32.96		32.87
	March 31, 2022			27.98		27.89
(2) Non-consolidated Financial Position
			Total assets	Net assets		Equity ratio		Net assets per share
				Million yen		Million yen			%			Yen
	As of March 31, 2023			105,672		66,104			60.7			225.32
	As of March 31, 2022			77,548		65,377			81.8			223.13

(Reference) Shareholders' equity: As of March 31, 2023: ¥64,114 million As of March 31, 2022: ¥63,439 million

• These financial results are outside the scope of audit by certified public accountants or audit corporations.
• Explanation on the appropriate use of forecasts and other notes

The earnings forecasts and other forward-looking statements herein are based on information available to the Company at the time of preparation and certain assumptions deemed to be reasonable, and actual results may differ significantly from the forecasts due to various factors. For the assumptions on the earnings forecasts and notes on their use, please refer to "1. Overview of Business Results, etc. (4) Future Outlook" on page 4 of the attached document.

Contents of Attachment

1. Overview of Business Results, etc. .................................................................................................... 2

(1)	Overview of Business Results for the Fiscal Year	2
(2)	Overview of Financial Position for the Fiscal Year	3
(3)	Overview of Cash Flows for the Fiscal Year	3
(4)	Future Outlook	4
2. Basic Policy Regarding Selection of Accounting Standards	5
3. Consolidated Financial Statements and Primary Notes	6
(1)	Consolidated Balance Sheet	6
(2)	Consolidated Statement of Income and Comprehensive Income	8
(3)	Consolidated Statement of Changes in Equity	10
(4)	Consolidated Statement of Cash Flows	12
(5)	Notes to the Consolidated Financial Statements	13
(Notes on going concern assumption)	13
(Changes in scope of consolidation or scope of application of equity method)	13
(Changes in accounting policies)	13
(Changes in accounting estimates)	13
(Changes in presentation method)	13
(Additional information)	13
(Segment information)	14
(Per share information)	18
(Significant subsequent events)	19

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