Translation
July 29, 2022
Consolidated Financial Results
for the Three Months of the Fiscal Year Ending March 31, 2023
Company name: | RISO KAGAKU CORPORATION |
Listing: | Tokyo Stock Exchange Prime Market |
Stock code: | 6413 |
URL: | https://www.riso.co.jp/english/ |
Representative: | Akira Hayama, President & CEO |
Inquiries: | Shouichi Ikejima, Director and General Manager of Corporate Headquarters |
TEL: +81-3-5441-6611 (from overseas) |
Scheduled date to file Quarterly Report: | August 9, 2022 |
Scheduled date of dividend payment commencement: | - |
Preparation of supplementary information on quarterly business results: | None |
Holding of briefing on quarterly business results: | None |
(Millions of yen with fractional amounts discarded, unless otherwise noted)
1. Consolidated performance for the three months of the fiscal year ending March 31, 2023 (from April 1, 2022 to June 30, 2022)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-on-year changes.) | |||||||||
Net sales | Operating income | Ordinary income | Profit attributable to | |||||||
owners of parent | ||||||||||
Three months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||
June 30, 2022 | 17,258 | 3.6 | 1,356 | 32.2 | 1,666 | 44.5 | 1,177 | 15.9 | ||
June 30, 2021 | 16,655 | 23.8 | 1,026 | - | 1,153 | - | 1,016 | - | ||
Note: Comprehensive Income | ||||||||||
Three months ended June 30, 2022: 2,524 million yen / 142.4 % | ||||||||||
Three months ended June 30, 2021: 1,041 million yen / 381.8 % | ||||||||||
Net income per share | Diluted net income per | |||||||||
share | ||||||||||
Three months ended | Yen | Yen | ||||||||
June 30, 2022 | 34.94 | - | ||||||||
June 30, 2021 | 29.42 | - | ||||||||
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | |||||||
As of | Millions of yen | Mi2lions of yen | % | ||||||
June 30, 2022 | 80,404 | 61,922 | 77.0 | ||||||
March 31, 2022 | 81,829 | 62,971 | 77.0 | ||||||
Reference: Shareholders' Equity | As of June 30, 2022: | 61,922 million yen | As of March 31, 2022: 62,971 million yen |
2. Cash dividends
Cash dividends per share | ||||||||||
First quarter | Second quarter | Third quarter | Fiscal year-end | Total | ||||||
Yen | Yen | Yen | Yen | Yen | ||||||
Fiscal year ended | - | 0.00 | - | 100.00 | 100.00 | |||||
March 31, 2022 | ||||||||||
Fiscal year ending | - | |||||||||
March 31, 2023 | ||||||||||
Fiscal year ending | ||||||||||
March 31, 2023 | 0.00 | - | 60.00 | 60.00 | ||||||
(Forecasts) | ||||||||||
(Note) Revisions to the forecasts of cash dividends in the current quarter: None Breakdown of dividends for fiscal year ended March 31, 2022
Ordinary dividend 60.00yen Dividend to commemorate 75th anniversary of the founding of the Company 40.00yen
3. Forecasts for the fiscal year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
(Percentages indicate year-on-year changes.)
Net sales | Operating income | Ordinary income | Profit attributable to | Net income | ||||||||||||
owners of parent | per share | |||||||||||||||
Millions of | % | Millions of | % | Millions of | % | Millions of | % | Yen | ||||||||
yen | yen | yen | yen | |||||||||||||
Six months ending | 34,000 | 5.3 | 2,000 | 43.3 | 2,200 | 42.4 | 1,600 | 22.3 | 47.51 | |||||||
September 30, 2022 | ||||||||||||||||
Fiscal year ending | 70,800 | 2.1 | 3,800 | (8.8) | 3,900 | (16.0) | 2,800 | (21.8) | 83.18 | |||||||
March 31, 2023 | ||||||||||||||||
(Note) Revisions to the forecasts in the current quarter: Yes |
4. Others
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes in scope of consolidation): None
- Adoption of peculiar accounting methods for quarterly consolidated financial statements: None
- Changes in accounting policies, changes in accounting estimates and restatement
- Changes due to revisions to accounting standards and other regulations: None
- Changes due to other reasons: None
- Changes in accounting estimates: None
- Restatement: None
- Number of issued shares (common stock)
- Total number of issued shares at the end of the period (including treasury stock)
As of June 30, 2022 | 40,000,000 shares | |
As of March 31, 2022 | 40,000,000 shares | |
b. Number of treasury stock at the end of the period | ||
As of June 30, 2022 | 6,353,069 shares | |
As of March 31, 2022 | 6,263,511 shares | |
c. Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2022 | 33,714,490 shares |
Three months ended June 30, 2021 | 34,555,410 shares |
- These financial results are outside the scope of audit by a certified public accountant or an audit firm.
-
Proper use of the forecasts, and other special matters
The forward-looking statements, including forecasts, contained in these materials are based on information currently available to the Company. These statements do not purport that the Company pledges to achieve such performance. Actual business may differ substantially from the forecasts due to various factors in the future.
Attached Materials
Index | ||
1. Qualitative Information regarding Consolidated Results for the Three Months................................................... | 2 | |
(1) | Explanation on consolidated operating results ............................................................................................. | 2 |
(2) | Explanation on consolidated financial position ............................................................................................ | 2 |
(3) | Explanation on future estimates information pertaining to consolidated earnings forecasts ........................ | 3 |
(4) | Explanation on research and development activities .................................................................................... | 3 |
2. Consolidated Quarterly Financial Statements.................................................................................................... | 4 | |
(1) | Consolidated quarterly balance sheets.......................................................................................................... | 4 |
(2) | Consolidated quarterly statements of (comprehensive) income ................................................................... | 6 |
(3) | Notes on quarterly consolidated financial statements................................................................................... | 8 |
(Notes on premise of going concern)............................................................................................................ | 8 | |
(Notes on significant changes in the amount of shareholders' equity) ......................................................... | 8 | |
(Additional information)............................................................................................................................... | 8 | |
(Segment information).................................................................................................................................. | 9 | |
(Subsequent event)...................................................................................................................................... | 10 |
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1. Qualitative Information regarding Consolidated Results for the Three Months
(1) Explanation on consolidated operating results
The RISO Group (RISO) formulated the Eighth Medium term Management Plan (RISO Vision 25) with the final fiscal year of the period ending March 31, 2025, and followed its medium term management policy of "1. Expand IJ business 2. Establish a solid customer oriented sales planning structure".
Both net sales and operating income grew in the first quarter of the fiscal year under review compared with the same period of the previous year.
Net sales were 17,258 million yen (up 3.6% year on year), operating income was 1,356 million yen (up 32.2% year on year), and ordinary income was 1,666 million yen (up 44.5% year on year), profit attributable to owners of parent was 1,177 million yen (up 15.9% year on year).
The average exchange rates during the current consolidated three months period were 129.57 yen (a 20.08 yen depreciation of the yen year on year) for the US dollar and 138.12 yen (a 6.16 yen depreciation of the yen year on year) for the euro.
Results by segment are as follows:
a. Printing equipment business
RISO, as part of its printing equipment business, engages in the inkjet business, principally with its ORPHIS high-speed color printers, as well as the digital duplicating business, consisting mainly of its RISOGRAPH digital duplicators.
Net sales in the printing equipment business were 16,876 million yen (up 3.5% year on year) due to the effects of yen depreciation in exchange rates, and segment profit was 1,217 million yen (up 40.0% year on year).
In Japan, sales in the inkjet business exceeded the same period of the previous year, and sales in the digital duplicating business decline the same period of the previous year. Overseas, sales for both the inkjet business and the digital duplicating business exceeded the same period of the previous year. Net sales in Japan were 8,246 million yen (down 2.5% year on year), in the Americas were 1,259 million yen (up 68.8% year on year), in Europe were 3,873 million yen (up 12.1% year on year), and in Asia were 3,497 million yen (down 3.9% year on year).
b. Real estate business
The Group's real estate business consists of the leasing of buildings. Net sales in the real estate business were 273 million yen (up 0.4% year on year), and segment profit was 203 million yen (down 1.0% year on year).
c. Others
RISO operates a print creating business and a digital communication business as well as printing equipment business and real estate business. Net sales in the others were 107 million yen (up 28.2% year on year), and segment loss was 64 million yen (compared to segment loss of 49 million yen in the same period of the previous fiscal year).
(2) Explanation on consolidated financial position
The financial position of RISO at the end of the current quarter compared to the end of the previous fiscal year is as follows.
Total assets fell 1,424 million yen to 80,404 million yen, while net assets fell 1,049 million yen to 61,922 million yen.
The main areas of change in the assets section were raw materials and supplies increased by 398 million yen. Cash and deposits, and notes and accounts receivable-trade decreased by 560 million yen and 2,423 million yen, respectively. In the liabilities section, retirement benefit liability increased by 763 million yen. Income taxes payable, and provision for bonuses decreased by 609 million yen and 834 million yen, respectively. In net assets, retained earnings decreased by 2,195 million yen, while foreign currency translation adjustment increased by 1,301 million yen.
As a result, the equity ratio remained unchanged from the end of the previous fiscal year at 77.0%.
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Riso Kagaku Corporation published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 08:30:06 UTC.