Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Consolidated Financial Results | |
for the Nine Months Ended December 31, 2021 | |
[Japanese GAAP] | |
February 04, 2022 | |
Company name: | Qol Holdings Co., Ltd. |
Stock exchange listing: | Tokyo |
Code number: | 3034 |
URL: | https://www.qolhd.co.jp/eng/ |
Representative: | Takashi Nakamura, President and Representative Director |
Contact: | Yutaka Togashi, Director |
Phone: | +81-(0)3-6430-9060 |
Scheduled date of filing quarterly securities report: | February 14, 2022 | ||||||||||||
Scheduled date of commencing dividend payments: | - | ||||||||||||
Availability of supplementary briefing material on quarterly financial results: | Yes | ||||||||||||
Schedule of quarterly financial results briefing session: | No | ||||||||||||
(Amounts of less than one million yen are rounded down) | |||||||||||||
1. Consolidated Financial Results for the Nine Months Ended December 31, 2021 (April 01, 2021 to December 31, 2021) | |||||||||||||
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | ||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||
owners of parent | |||||||||||||
Nine months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||
December 31, 2021 | 124,545 | 3.1 | 6,921 | 49.5 | 7,072 | 45.3 | 4,155 | 88.5 | |||||
December 31, 2020 | 120,819 | (2.3) | 4,629 | (12.9) | 4,866 | (13.5) | 2,204 | (24.1) |
(Note) Comprehensive income: | Nine months ended December 31, 2021: |
Nine months ended December 31, 2020: |
¥ | 4,139 million | [ | 84.7%] |
¥ | 2,241 million | [ | (26.9) %] |
Basic earnings | Diluted earnings per | |
per share | share | |
Nine months ended | Yen | Yen |
December 31, 2021 | 113.26 | - |
December 31, 2020 | 58.55 | - |
(Reference)
As of | ¥ | 10,443 million | ||||||
EBITDA | December 31, 2021: | |||||||
(Operating profit + Depreciation + Amortization of goodwill) | As of | ¥ | 8,097 million | |||||
December 31, 2020: | ||||||||
As of | ¥ | 6,254 million | ||||||
Net income before Amortization of goodwill | December 31, 2021: | |||||||
(Profit attributable to owners of parent + Amortization of goodwill) | As of | ¥ | 4,504 million | |||||
December 31, 2020: | ||||||||
As of | ¥ | 177.83 | ||||||
EPS before Amortization of goodwill | December 31, 2021: | |||||||
(Profit before Amortization of goodwill /Average number of shares during the period) | As of | ¥ | 119.61 | |||||
December 31, 2020: | ||||||||
(2) Consolidated Financial Position | ||||||||
Total assets | Net assets | Capital adequacy ratio | ||||||
As of | Million yen | Million yen | % | |||||
December 31, 2021 | 103,008 | 42,350 | 41.1 | |||||
March 31, 2021 | 100,571 | 41,834 | 40.9 | |||||
(Reference) Equity: As of | December 31, 2021: | ¥ | 42,308 million | |||||
As of | March 31, 2021: | ¥ | 41,162 million |
―1―
2. Dividends
Annual dividends | |||||||
1st | 2nd | 3rd | Year-end | Total | |||
quarter-end | quarter-end | quarter-end | |||||
Yen | Yen | Yen | Yen | Yen | |||
Fiscal year ended March 31, 2021 | - | 14.00 | - | 14.00 | 28.00 | ||
Fiscal year ending March 31, 2022 | - | 14.00 | - | ||||
Fiscal year ending March 31, 2022 | 14.00 | 28.00 | |||||
(Forecast) | |||||||
(Note) Revision to the forecast for dividends announced most recently: | No |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022(April 01, 2021 to March 31, 2022)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | ||||||||||||
owners of parent | per share | |||||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | ||||||||
Full year | 175,000 | 8.1 | 10,000 | 35.8 | 10,000 | 35.1 | 5,000 | 48.6 | 136.29 | |||||||
(Note) Revision to the financial results forecast announced most recently: | No | |||||||||||||||
* Notes: | ||||||||||||||||
(1) Changes in significant subsidiaries during the nine months ended December 31, 2021 | ||||||||||||||||
(changes in specified subsidiaries resulting in changes in scope of consolidation): | No | |||||||||||||||
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: | No | |||||||||||||||
(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement | ||||||||||||||||
1) | Changes in accounting policies due to the revision of accounting standards: | Yes | ||||||||||||||
2) | Changes in accounting policies other than 1) above: | No | ||||||||||||||
3) | Changes in accounting estimates: | No | ||||||||||||||
4) | Retrospective restatement: | No | ||||||||||||||
(4) Total number of issued shares (common shares) | ||||||||||||||||
1) | Total number of issued shares at the end of the period (including treasury shares): | |||||||||||||||
December 31, 2021: | 38,902,785 | shares | ||||||||||||||
March 31, 2021: | 38,902,785 | shares | ||||||||||||||
2) | Total number of treasury shares at the end of the period: | |||||||||||||||
December 31, 2021: | 2,105,209 | shares | ||||||||||||||
March 31, 2021: | 2,291,509 | shares | ||||||||||||||
3) Average number of shares during the period: | ||||||||||||||||
Nine months ended December 31, 2021: | 36,687,591 | shares | ||||||||||||||
Nine months ended December 31, 2020: | 37,660,317 | shares |
(Note) Treasury stock includes shares owned by the exclusive trust account of the Company's Employee Stock Ownership Association.
(Remarks) Supplementary Material is available on our website. https://www.qolhd.co.jp/eng/ir/library/supplementarymaterial.html
―2―
Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets
(Million yen) | ||||
As of March 31,2021 | As of December 31,2021 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 19,648 | 20,448 | ||
Notes and accounts receivable - trade | 18,231 | - | ||
Notes and accounts receivable - trade, and contract | - | 17,566 | ||
assets | ||||
Merchandise and finished goods | 4,606 | 7,892 | ||
Work in process | 127 | 202 | ||
Supplies | 120 | 122 | ||
Other | 2,766 | 2,605 | ||
Allowance for doubtful accounts | (2) | (3) | ||
Total current assets | 45,499 | 48,834 | ||
Non-current assets | ||||
Property, plant and equipment | ||||
Buildings and structures, net | 6,380 | 6,446 | ||
Tools, furniture and fixtures, net | 1,280 | 1,404 | ||
Land | 4,762 | 4,878 | ||
Other, net | 307 | 202 | ||
Total property, plant and equipment | 12,730 | 12,932 | ||
Intangible assets | ||||
Goodwill | 34,071 | 33,133 | ||
Software | 508 | 607 | ||
Other | 358 | 283 | ||
Total intangible assets | 34,938 | 34,024 | ||
Investments and other assets | ||||
Investment securities | 183 | 157 | ||
Leasehold and guarantee deposits | 3,783 | 3,787 | ||
Deferred tax assets | 1,904 | 1,620 | ||
Other | 1,535 | 1,657 | ||
Allowance for doubtful accounts | (12) | (12) | ||
Total investments and other assets | 7,393 | 7,210 | ||
Total non-current assets | 55,062 | 54,168 | ||
Deferred assets | ||||
Bond issuance costs | 9 | 6 | ||
Total deferred assets | 9 | 6 | ||
Total assets | 100,571 | 103,008 | ||
―3―
(Million yen) | ||||
As of March 31,2021 | As of December 31,2021 | |||
Liabilities | ||||
Current liabilities | ||||
Accounts payable - trade | 19,822 | 24,921 | ||
Short-term borrowings | 200 | - | ||
Current portion of bonds payable | 1,108 | 1,008 | ||
Current portion of long-term borrowings | 10,261 | 9,497 | ||
Income taxes payable | 1,693 | 1,099 | ||
Provision for bonuses | 2,281 | 1,177 | ||
Other | 3,343 | 4,220 | ||
Total current liabilities | 38,709 | 41,925 | ||
Non-current liabilities | ||||
Bonds payable | 1,416 | 752 | ||
Long-term borrowings | 16,736 | 15,920 | ||
Deferred tax liabilities | 302 | 302 | ||
Provision for retirement benefits for directors (and | 30 | 28 | ||
other officers) | ||||
Retirement benefit liability | 650 | 616 | ||
Asset retirement obligations | 809 | 847 | ||
Other | 81 | 265 | ||
Total non-current liabilities | 20,026 | 18,732 | ||
Total liabilities | 58,736 | 60,658 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 5,786 | 5,786 | ||
Capital surplus | 13,490 | 11,276 | ||
Retained earnings | 25,364 | 28,463 | ||
Treasury shares | (3,360) | (3,083) | ||
Total shareholders' equity | 41,280 | 42,443 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale | (118) | (135) | ||
securities | ||||
Total accumulated other comprehensive income | (118) | (135) | ||
Non-controlling interests | 672 | 42 | ||
Total net assets | 41,834 | 42,350 | ||
Total liabilities and net assets | 100,571 | 103,008 | ||
―4―
Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)
(Million yen) | ||||
For the nine months | For the nine months | |||
ended December 31,2020 | ended December 31,2021 | |||
Net sales | 120,819 | 124,545 | ||
Cost of sales | 105,955 | 107,634 | ||
Gross profit | 14,863 | 16,911 | ||
Selling, general and administrative expenses | 10,233 | 9,989 | ||
Operating profit | 4,629 | 6,921 | ||
Non-operating income | ||||
Rental income from buildings | 22 | 26 | ||
Commission income | 42 | 71 | ||
Surrender value of insurance policies | - | 5 | ||
Subsidy income | 8 | 17 | ||
Guarantee commission received | 37 | 44 | ||
Subsidy income (other) | 143 | - | ||
Cancelation income | - | 37 | ||
Other | 118 | 78 | ||
Total non-operating income | 373 | 281 | ||
Non-operating expenses | ||||
Interest expenses | 84 | 78 | ||
Other | 52 | 52 | ||
Total non-operating expenses | 136 | 130 | ||
Ordinary profit | 4,866 | 7,072 | ||
Extraordinary income | ||||
Gain on sale of non-current assets | 6 | 2 | ||
Gain on sale of investment securities | 204 | 0 | ||
Gain on reversal of provision for withdraw loss from | - | 71 | ||
employees' pension fund | ||||
Total extraordinary income | 210 | 74 | ||
Extraordinary losses | ||||
Loss on retirement of non-current assets | 45 | 32 | ||
Loss on sale of non-current assets | 0 | 0 | ||
Impairment losses | 417 | - | ||
Loss on valuation of shares of subsidiaries | - | 49 | ||
Loss on sale of shares of subsidiaries | - | 5 | ||
Total extraordinary losses | 463 | 88 | ||
Profit before income taxes | 4,613 | 7,057 | ||
Income taxes | 2,263 | 2,900 | ||
Profit | 2,350 | 4,156 | ||
Profit attributable to non-controlling interests | 145 | 1 | ||
Profit attributable to owners of parent | 2,204 | 4,155 | ||
―5―
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Qol Holdings Co. Ltd. published this content on 04 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2022 06:55:19 UTC.