Consolidated Financial Results for the Third Quarter of the Fiscal Year
Ending March 31, 2021 (April 1, 2020 to December 31, 2020)
February 8, 2021
Company Name: | NICHIAS Corporation |
Stock Exchange Listing: | Tokyo Stock Exchange (Code number 5393) |
URL: | https://www.nichias.co.jp/nichias-E/ |
Representative: | Toshiyuki Takei, President and Chief Executive Officer |
Inquiries: | Kiminori Nakata, Representative Director and Senior Managing Executive Officer |
Phone: | +81-3-4413-1111 |
Scheduled date of filing of quarterly consolidated financial statements: February 10, 2021
Supplementary materials for financial results: | Available |
Organization of financial results briefing: | None |
Scheduled date of commencement of dividend payment: | - |
(Fractional amounts of less than ¥1 million are discarded.) |
1. Consolidated financial results for the third quarter of the Fiscal Year 2020 (April 1, 2020 to December 31, 2020)
(1) Operating Results (cumulative)
(Percentages represent year-on-year changes)
Net sales | Operating income | Ordinary income | Profit attributable to owners of the parent | |
FY2020 Q3 FY2019 Q3 | Millions of yen %
| Millions of yen %
| Millions of yen %
| Millions of yen %
|
Note: Comprehensive income FY2020 Q3 ¥10,805 million---(5.4)%; FY2019 Q3 ¥11,422 million---9.0%
Basic earnings per share | Diluted earnings per share | |
FY2020 Q3 FY2019 Q3 | Yen 127.51 159.07 | Yen - - |
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio | |
As of December 31, 2020 As of March 31, 2020 | Millions of yen 212,125 208,076 | Millions of yen 132,987 127,233 | % 62.2 60.7 |
(Reference) Shareholders' equity FY2020 Q3 ¥132,015 million; As of March 31, 2020 (FY2019) ¥126,297 million
2. Dividends
Annual Dividends | |||||
End of 1st quarter | End of 1st half | End of 3rd quarter | Year-end | Total | |
FY2019 FY2020 | Yen - - | Yen 38.00 38.00 | Yen - - | Yen 38.00 | Yen 76.00 |
FY2020 (Forecast) | 40.00 | 78.00 |
Note: Adjustments from the most recently released dividend forecast: Yes
3. Forecast of consolidated financial results for Fiscal Year 2020 (April 1, 2020 to March 31, 2021)
(Percentage figures represent changes from previous fiscal year)
Net sales | Operating income | Ordinary income | Profit attributable to owners of the parent | Basic earnings per share | |||||
Full year | Millions of yen 190,000 | % (9.0) | Millions of yen 17,500 | % (14.3) | Millions of yen 17,500 | % (19.1) | Millions of yen 8,700 | % (40.7) | Yen 131.15 |
Note: Adjustments from the most recently released consolidated results forecast: Yes
*Notes
(1) Changes in significant subsidiaries during the consolidated quarter under review: None
(2) Application of specific accounting methods in the preparation of quarterly consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates, and restatements
1) Changes in accounting policies due to revision of accounting standards:
2) Changes other than those in 1) above:
3) Changes in accounting estimates:
4) Restatements:
None None None None
(4) Number of shares outstanding (ordinary shares)
1) Number of shares issued at the end of the period (including treasury stock)
FY2020 Q3 (As of December 31, 2020) | 67,811,917 shares |
FY2019 (As of March 31, 2020) | 67,811,917 shares |
2) | Number of shares of treasury stock at the end of the period |
FY2020 Q3 (As of December 31, 2020) | 1,477,501 shares |
FY2019 (As of March 31, 2020) | 1,476,840 shares |
3) | Average number of shares outstanding during the period |
FY2020 Q3 (As of December 31, 2020) | 66,334,854 shares |
FY2019 Q3 (As of December 31, 2019) | 66,336,105 shares |
*The consolidated financial results for the third quarter of the fiscal year ending March 31, 2020 are not subject to quarterly review by a certified public accountant or auditor.
*Information concerning proper use of financial forecasts and other special notes
Information concerning forward-looking statements
Forward-looking statements concerning financial forecasts contained in these materials are based on information available to the Company when the forecasts were made and certain assumptions judged to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual results may differ significantly from the forecasts due to a variety of factors.
Please refer to the "Notice Concerning Recording of Impairment Loss and Revision of Earnings Forecast" separately released today for information on the assumptions used for the earnings forecast, factors causing changes in each item, and other matters related to the earnings forecast.
Disclaimer: This is a Japanese-English translation of the summary of financial statements of the Company produced for your convenience. Since no auditor audited this report, officially only the Japanese version is assumed to be the summary of financial statements of the Company. This summary does not constitute any guarantee and the Company will not compensate any losses and/or damage stemming from actions taken based on these statements. In the case that there is any discrepancy between the Japanese and English versions, the Japanese version is assumed to be correct.
○ Attachment index
1. Qualitative information on the quarter under review ................................................................................................ 2
(1) Explanation of operating results ................................................................................................................................................................... 2
(2) Explanation of financial position ................................................................................................................................................................... 2
(3) Explanation of information related to future prospects including consolidated results forecasts ................................... 3
2. Consolidated financial statements and related notes ................................................................................................ 4
(1) Quarterly consolidated balance sheets ...................................................................................................................................................... 4
(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income .................... 6
Quarterly consolidated statements of income .............................................................................................................................................. 6
Quarterly consolidated statement of comprehensive income ................................................................................................................ 7
(3) Quarterly consolidated statements of cash flows .................................................................................................................................. 8
(4) Notes regarding quarterly consolidated financial statements ...................................................................................................... 10
(Notes regarding going concern assumption) ....................................................................................................................................... 10
(Notes regarding significant changes in shareholders' equity [if any]) ....................................................................................... 10
(Segment information) ..................................................................................................................................................................................... 10
3. Supplementary Materials ............................................................................................................................................. 11
1. Qualitative information on the quarter under review
(1) Explanation of operating results
During the third quarter of the consolidated fiscal year, the economy remained in severe conditions due to the impact of the global outbreak of the Coronavirus pandemic. In Japan, although capital investment has declined, the manufacturing industry saw signs of an increase in production and exports and there are signs of improvement in corporate sentiment. Overseas, although economic conditions remain severe in emerging countries, there are signs of recovery in the US and China.
In these conditions, the Group's net sales fell 9.1% year on year to ¥138,671 million, due to production adjustments resulting from a decline in global demand for automobiles, mainly in the first half of the fiscal year.
In terms of profits, operating income fell 17.3% year on year to ¥12,345 million, ordinary income fell 15.2% year on year to ¥13,112 million, and profit attributable to owners of the parent fell 19.8% year on year to ¥8,458 million.
Net sales by segment for the third quarter of the fiscal year are as follows:
Sales in the Energy and Industrial Plants Division decreased by 7.4% year on year to ¥42,733 million.
However, excluding the large-scale shipbuilding construction projects and overseas construction projects posted in the previous fiscal year, demand was solid particularly from petroleum refining and petrochemical companies as well as electricity companies.
Sales in the Industrial Products Division decreased by 5.1% year on year to ¥32,123 million, as the Coronavirus pandemic resulted in a slowdown in demand for inorganic thermal insulation materials for electronic parts.
Sales in the Advanced Products Division rose 7.2% year on year to ¥17,258 million, due to strong demand for semiconductors.
Sales in the Autoparts Division fell 18.4% year on year to ¥27,383 million, due to the impact of production adjustments in the automotive industry as demand for automobiles declined worldwide with the spread of Coronavirus in the first half of the fiscal year, although the demand in Japan and overseas started to recover in the third quarter of the fiscal year.
Sales in the Building Materials Division fell 16.3% year on year to ¥19,170 million as the pandemic resulted in the delay and postponement of construction projects as well as a decline in demand.
(2) Explanation of financial position
1) Assets, liabilities, and net assets
Total assets at the end of the third quarter of the consolidated fiscal year ending March 31, 2021 were ¥212,125 million, up ¥4,048 million compared to the end of the previous fiscal year. This was largely because accounts receivable from completed construction contracts fell by ¥3,449 million and cash and deposits fell by ¥1,047 million, while investment securities rose by ¥4,067 million, costs on uncompleted construction contracts rose by ¥3,306 million, and electronically recorded monetary claims rose by ¥1,189 million.
Liabilities at the end of the third quarter of the fiscal year ending March 31, 2021 were ¥79,137 million, down ¥1,705 million compared to the end of the previous fiscal year. This was largely because advances received on uncompleted construction contracts rose by ¥1,869 million and deferred tax liabilities rose by ¥1,802 million, while income taxes payable fell by ¥2,255 million, notes and accounts payable-trade fell by ¥1,683 million, and provision for bonuses fell by ¥1,183 million.
Net assets at the end of the third quarter of the fiscal year ending March 31, 2021 were ¥132,987 million, up ¥5,754 million compared to the end of the previous fiscal year. This was largely because foreign currency translation adjustment declined by ¥754 million, while retained earnings rose by ¥3,416 million and valuation difference on available-for-sale securities rose by ¥2,812 million.
2) Cash flows
Cash and cash equivalents at the end of the third quarter of the fiscal year ending March 31, 2021 (hereinafter, "cash") decreased by ¥360 million compared to the end of the previous fiscal year, to ¥32,747 million. Cash flows and factors affecting cash flows are as follows:
(Net cash provided by [used in] operating activities)
Net cash provided by operating activities was ¥9,816 million (compared to receipts of ¥11,322 million in the same period of the previous fiscal year).
This was primarily because, while cash decreased due to ¥5,950 million in income taxes paid and a ¥3,308 million increase in costs on uncompleted construction contracts, cash increased due to ¥12,779 million in income before income taxes, ¥4,821 million in depreciation, and a ¥2,413 million decrease in trade receivables.
(Net cash provided by [used in] investing activities)
Net cash used in investing activities was ¥4,425 million (compared to expenditures of ¥7,825 million in the same period of the previous fiscal year).
This was because of a decrease in cash due to ¥5,591 million in expenditures for the acquisition of property, plant and equipment.
(Net cash provided by [used in] financing activities)
Net cash used in financing activities was ¥5,520 million (compared to expenditures of ¥5,531 million in the same period of the previous fiscal year).
This was because of a decrease in cash due to ¥5,008 million in cash dividends paid.
(3) Explanation of information related to future prospects including consolidated results forecasts
The consolidated earnings forecast for the fiscal year ending March 31, 2021 has been revised from the full-year earnings forecast announced on August 3, 2020. For details, please refer to "Notice Concerning Recording of Impairment Loss and Revision of Earnings Forecast" separately released today.
The Company has prepared these earnings forecasts based on the information available on the day that these materials were released, and actual results could differ from forecasts depending on a variety of factors.
2. Consolidated financial statements and related notes
(1) Quarterly consolidated balance sheets
(Millions of yen)
FY2019
(As of March 31, 2020)FY2020 Q3
(As of December 31, 2020)
Assets Current assets Cash and deposits Notes and accounts receivable-tradeElectronically recorded monetary claims Accounts receivable from completed construction contracts Merchandise and finished goodsWork in process Raw materials and supplies Costs on uncompleted construction contractsOther Allowance for doubtful accounts | 34,320 29,767 8,630 17,449 14,023 2,690 10,559 5,601 3,360 (14) | 33,273 29,366 9,819 14,000 14,987 2,670 10,120 8,908 3,489 (13) |
Total current assets | 126,390 | 126,622 |
Noncurrent assets Property, plant and equipmentBuildings and structures Accumulated depreciation and impairment loss | 57,929 (32,558) | 59,268 (33,515) |
Buildings and structures, net | 25,371 | 25,752 |
Machinery, equipment and vehicles Accumulated depreciation and impairment loss | 76,776 (61,700) | 77,243 (63,287) |
Machinery, equipment and vehicles, net | 15,075 | 13,955 |
Land Lease assets Accumulated depreciation | 14,511 365 (218) | 14,582 370 (231) |
Lease assets, net | 146 | 139 |
Construction in progress Other Accumulated depreciation and impairment loss | 3,427 9,814 (8,081) | 4,203 10,269 (8,598) |
Other, net | 1,732 | 1,671 |
Total property, plant and equipment | 60,265 | 60,304 |
Intangible assets Software Other | 735 634 | 766 522 |
Total intangible assets | 1,369 | 1,288 |
Investments and other assets Investment securities Net defined benefit asset Deferred tax assets Other Allowance for doubtful accounts | 13,604 1,174 1,380 3,927 (35) | 17,672 1,272 1,233 3,762 (31) |
Total investments and other assets | 20,051 | 23,909 |
Total noncurrent assets | 81,686 | 85,502 |
Total assets | 208,076 | 212,125 |
(Millions of yen)
FY2019
(As of March 31, 2020)
FY2020 Q3
(As of December 31, 2020)
Liabilities Current liabilities | 18,523 12,559 400 7,225 5,576 3,355 1,289 3,134 3,899 | 16,839 12,864 400 6,840 4,559 1,100 3,159 1,950 4,066 |
Notes and accounts payable-tradeElectronically recorded monetary obligationsCurrent portion of bonds Short-term loans payableAccounts payable-otherIncome taxes payable Advances received on uncompleted construction contracts Provision for bonuses Other | ||
Total current liabilities | 55,962 | 51,779 |
Noncurrent liabilitiesBonds payableLong-term loans payableDeferred tax liabilities Net defined benefit liabilityReserves for litigation losses Other | 13,400 3,300 566 4,264 416 2,933 | 13,000 3,800 2,368 4,338 1,000 2,850 |
Total noncurrent liabilities | 24,880 | 27,357 |
Total liabilities | 80,843 | 79,137 |
Net assets Shareholders' equityCapital stockCapital surplusRetained earnings Treasury stock | 12,128 13,857 101,206 (4,053) | 12,128 13,857 104,623 (4,054) |
Total shareholders' equity | 123,139 | 126,554 |
Total other cumulative comprehensive incomeValuation difference on available-for-sale securitiesForeign currency translation adjustment Remeasurements of defined benefit plan | 5,604 (624) (1,821) | 8,417 (1,379) (1,576) |
Total other cumulative comprehensive income | 3,158 | 5,461 |
Non-controlling interests | 936 | 972 |
Total net assets | 127,233 | 132,987 |
Total liabilities and net assets | 208,076 | 212,125 |
(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income Quarterly consolidated statements of income
Third quarter of consolidated fiscal year
(Millions of yen)
FY2019 Q3 | FY2020 Q3 | |
(From April 1, 2019 | (From April 1, 2020 to | |
to December 31, 2019) | December 31, 2020) | |
Net sales | ||
Net sales of merchandise and finished good | 109,011 | 99,776 |
Net sales of completed construction contracts | 43,559 | 38,894 |
Total net sales | 152,570 | 138,671 |
Cost of sales | ||
Cost of merchandise and finished goods sold | 80,332 | 73,897 |
Cost of sales of completed construction contracts | 36,596 | 32,899 |
Total cost of sales | 116,929 | 106,797 |
Gross profit | 35,641 | 31,873 |
Selling, general and administrative expenses | ||
Selling expenses | 6,518 | 6,074 |
General and administrative expenses | 14,192 | 13,453 |
Total selling, general and administrative expenses | 20,710 | 19,527 |
Operating income | 14,931 | 12,345 |
Non-operating income | ||
Interest income | 49 | 68 |
Dividends income | 340 | 368 |
Rent income | 382 | 388 |
Equity in earnings of affiliates | 62 | 38 |
Subsidies for employment adjustment | - | 288 |
Gains on sales of investment securities | 115 | 208 |
Other | 344 | 365 |
Total non-operating income | 1,296 | 1,727 |
Non-operating expenses | ||
Interest expenses | 128 | 121 |
Foreign exchange losses | 360 | 607 |
Other | 284 | 230 |
Total non-operating expenses | 773 | 960 |
Ordinary income | 15,454 | 13,112 |
Extraordinary income | ||
Gain on sales of noncurrent assets | 61 | 384 |
Subsidy income | - | 135 |
Total extraordinary income | 61 | 519 |
Extraordinary loss | ||
Loss on sales and retirement of noncurrent assets | 102 | 112 |
Loss on reduction of non-current assets | - | 45 |
Provision for litigation loss reserves | 158 | 590 |
Loss related to Coronavirus pandemic | - | 103 |
Loss on valuation of shares of subsidiaries and associates | 196 | - |
Total extraordinary losses | 457 | 852 |
Income before income taxes | 15,058 | 12,779 |
Income taxes-current | 4,157 | 3,644 |
Income taxes-deferred | 372 | 623 |
FY2019 Q3
(From April 1, 2019 to December 31, 2019)FY2020 Q3 (From April 1, 2020 to December 31, 2020)
Total income taxes Net income
Profit (loss) attributable to non-controlling interests Profit attributable to owners of the parentQuarterly consolidated statement of comprehensive income Third quarter of consolidated fiscal year
4,530 10,527
(24) 10,552
4,267 8,511 53 8,458
(Millions of yen)
FY2019 Q3 (From April 1, 2019 to December 31, 2019)FY2020 Q3
(From April 1, 2020 to December 31, 2020)Net income
Other comprehensive income
Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans Total other comprehensive income
Comprehensive income
Breakdown
Comprehensive income attributable to owners of the parent company
Comprehensive income attributable to minority interests
10,527 8,511
937 2,812
(558) (764)
515 244
894
2,293
11,422 10,805
11,471 10,761
(48)
44
(3) Quarterly consolidated statements of cash flows
(Millions of yen)
FY2019 Q3 (From April 1, 2019 to December 31, 2019)FY2020 Q3
(From April 1, 2020 to December 31, 2020)Cash flows from operating activities
Income before income taxes Depreciation & amortization
Loss (gain) on sales of property, plant and equipment Increase (decrease) in net defined benefit liability Increase (decrease) in provision for bonuses Interest and dividends income received Interest expenses
Foreign exchange losses (gains)
Decrease (increase) in notes and accounts receivable-trade Decrease (increase) in inventories
Decrease (increase) in costs on uncompleted construction contracts
Increase (decrease) in notes and accounts payable-trade Increase (decrease) in accounts payable-other
Increase (decrease) in accrued expenses
Increase (decrease) in advances received on uncompleted construction contracts
Loss (gain) on sales of investment securities Increase (decrease) in provisions for litigation losses Loss on valuation of shares of subsidiaries and associates Loss on reduction of non-current assets
15,058 12,779
4,535 4,821
(61) (383)
(39) 73
(1,225) (1,182)
(390) (436)
128 121
102 460
7,177 2,413
(2,428) (774)
(1,586) (3,308)
(3,269) (1,232)
(260) (1,081)
(151) (92)
(1,161) 1,874
(115) (208)
158 583
196 -
- 45
Subsidy income - (135)
Subsidies for employment adjustment - (288)
Loss related to Coronavirus pandemic - 103
Decrease (increase) in net defined benefit asset Other
Subtotal
Interest and dividends income received Interest expenses paid
(97) (97)
1,598 972
18,167
15,028
390 436
(121) (119)Proceeds from subsidy income - 135
Subsidies for employment adjustment received - 273
Loss related to Coronavirus pandemic paid - (55)Income taxes paid Income taxes refund
Net cash provided by (used in) operating activities Cash flows from investing activities
Net decrease (increase) in time deposits
Expenditures for the acquisition of property, plant and equipment
Proceeds from sales of property, plant and equipment Expenditures for the acquisition of intangible fixed assets Proceeds from sales of investment securities
Payments of loans receivable
Collection of loans receivable Other
Net cash provided by (used in) investing activities
(7,141) (5,950)
27 11,322
69
9,816
(452) (7,927)
662 (5,591)
396 473
(254) (186)
489 216
(2) (3)
7 3
(81) 0
(7,825)
(4,425)
FY2019 Q3 | FY2020 Q3 | |
(From April 1, 2019 to | (From April 1, 2020 | |
December 31, 2019) | to December 31, 2020) | |
Cash flows from financing activities | ||
Net increase (decrease) in short-term loans payable | (230) | 116 |
Proceeds from long-term borrowings | - | 500 |
Repayment of long-term loans payable | - | (500) |
Proceeds from issuance of bonds | 4,976 | - |
Redemption of bonds | (5,400) | (400) |
Cash dividends paid | (4,765) | (5,008) |
Net decrease (increase) in treasury stock | (2) | (1) |
Dividends paid to non-controlling interests | (11) | (8) |
Other | (98) | (218) |
Net cash provided by (used in) financing activities | (5,531) | (5,520) |
Effect of exchange rate change on cash and cash equivalents | 49 | (230) |
Net increase (decrease) in cash and cash equivalents | (1,984) | (360) |
Cash and cash equivalents at beginning of period | 27,730 | 33,108 |
Cash and cash equivalents at end of period | 25,746 | 32,747 |
(4) Notes regarding quarterly consolidated financial statements
(Notes regarding going concern assumption)
Not applicable
(Notes regarding significant changes in shareholders' equity [if any]) Not applicable
(Segment information)
Segment information
I. Third quarter of fiscal year 2019 (April 1, 2019 to December 31, 2019)
1. Information on net sales and profit (loss) by reporting segment
(Millions of yen)
Reporting segments | Adjust-ments | Quarterly consolidated profit/loss posted | ||||||
Energy and Industrial Plants | Industrial Products | Advanced Products | Autoparts | Building Materials | Total | |||
Net sales Net sales to external customers Intersegment sales or transfers | 46,154 ― | 33,840 6,472 | 16,100 ― | 33,572 ― | 22,903 ― | 152,570 6,472 | ― (6,472) | 152,570 ― |
Total | 46,154 | 40,312 | 16,100 | 33,572 | 22,903 | 159,043 | (6,472) | 152,570 |
Segment profit (loss) | 4,657 | 4,557 | 2,105 | 2,506 | 1,105 | 14,931 | ― | 14,931 |
2. Information related to impairment loss of noncurrent assets and goodwill by reporting segment:
Not applicable
II. Third quarter of fiscal year 2020 (April 1, 2020 to December 31, 2020)
1. Information on net sales and profit (loss) by reporting segment
(Millions of yen)
Reporting segments | Adjust-ments | Quarterly consolidated profit/loss posted | ||||||
Energy and Industrial Plants | Industrial Products | Advanced Products | Autoparts | Building Materials | Total | |||
Net sales Net sales to external customers Intersegment sales or transfers | 42,733 ― | 32,123 6,320 | 17,258 ― | 27,383 ― | 19,170 ― | 138,671 6,320 | ― (6,320) | 138,671 ― |
Total | 42,733 | 38,444 | 17,258 | 27,383 | 19,170 | 144,991 | (6,320) | 138,671 |
Segment profit (loss) | 4,778 | 4,385 | 2,257 | 994 | (69) | 12,345 | ― | 12,345 |
2. Information related to impairment loss of noncurrent assets and goodwill by reporting segment:
Not applicable
3. Supplementary Materials
Financial results supplementary materials
(Percentage figures represent changes from previous fiscal year)
(1) Key consolidated financial figures (Trends)
(Millions of yen)
Q1-Q3 Cumulative Full YearFY2019
FY2020
FY2016
FY2017
FY2018
FY2019
FY2020
ResultResultChangeResultResultResultResultForecastChange
Net sales
152,570
138,671
- 9.1%
180,363
197,495
215,495
208,876
190,000
Operating income
14,931
12,345
- 17.3%
Operating margin (%)
9.8%
8.9%
Ordinary income
15,454
13,112
- 15.2%
Ordinary income margin (%)
Profit attributable to owners of the parent
10.1% 10,552
Net income margin (%)
6.9%
9.5% 8,458 6.1%
- 19.8%
19,600 10.9% 19,756 11.0% 13,409
21,357 10.8% 21,804 11.0% 14,956
22,629 10.5% 23,171 10.8% 15,861
20,427 9.8% 21,633 10.4% 14,674
7.4%
7.6%
7.4%
7.0%
17,500 9.2% 17,500 9.2% 8,700 4.6%
- 9.0% - 14.3%
- 19.1%
- 40.7%
Basic earnings per share (yen)
159.07
127.51
- 19.8%
200.82
222.73
238.70
221.21
131.15
- 40.7%
Total assetsNet assets Shareholders' equity
Equity ratio (%)
203,604 124,274 123,346 60.6%
212,125 132,987 132,015 62.2%
4.2% 7.0% 7.0%
175,999
196,459
206,426
208,076
97,890 97,367 55.3%
109,705 109,195 55.6%
117,774 116,786 56.6%
127,233 126,297 60.7%
- - -
- --
-
Interest-bearing debt
Interest-bearing debt ratio (%)
25,984 12.8%
25,738 12.1%
- 0.9%
23,976 13.6%
23,818 12.1%
26,065 12.6%
26,077 12.5%
- -
-
Capital expenditures
Depreciation & amortization R&D expenses
6,926 4,535 4,572
5,569 4,821 4,588
- 19.6% 6.3% 0.4%
9,775
12,772
12,816
8,978
10,000
11.4%
3,969 5,446
4,800 5,692
5,760 5,976
6,274 6,132
6,500 6,000
3.6%- 2.2%
*1The Company has applied the "Partial Amendments to 'Accounting Standard for Tax Effect Accounting'" (ASBJ Guidance No. 28, February 16, 2018) beginning in FY2018. These accounting standards have been retroactively applied to the figures for major management indicators for FY2017.
*2The Company carried out a reverse stock split on a one-for-two basis on October 1, 2018. Basic earnings per share are calculated based on the assumption that the reverse stock split was carried out at the beginning of FY2016.
(2) Quarterly consolidated operating results (Trends)
(Millions of yen)
FY2019 FY2020
Q1
Net sales
47,390
Q2 53,623
Q3 51,556
Q4 56,305
Q1
Q2
Q3
Change
43,048
46,322
49,300
- 4.4%
Operating income
4,454
Operating margin (%)
9.4%
Ordinary income
4,571
Ordinary income margin (%)
Profit attributable to owners of the parent
Net income margin (%)
9.6% 3,311 7.0%
5,514 10.3% 5,466 10.2% 3,729 7.0%
4,961 9.6% 5,415 10.5% 3,511 6.8%
5,496 9.8% 6,179 11.0% 4,122 7.3%
3,803
3,333
5,208
5.0%
8.8%
7.2%
10.6%
3,320
4,380
5,412
- 0.1%
7.7% 1,829 4.3%
9.5% 2,836 6.1%
11.0% 3,792 7.7%
8.0%All forecasts and plans that are not historical facts in this document are future business results-related forecasts. These are based on information and data currently available to the Company, and various uncertain factors could cause actual results to differ.
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Nichias Corporation published this content on 25 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2021 02:01:02 UTC.