Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results
for the Year Ended February 28, 2022
(Based on Japanese GAAP)
Shinji Oe | |
Tatsuji Tsuchida | |
Scheduled date of ordinary general meeting of shareholders: | May 27, 2022 |
Scheduled date to file Securities Report: | May 27, 2022 |
Scheduled date to commence dividend payments: | - |
Preparation of supplementary material on financial results: | Yes |
Holding of financial results meeting: | Yes (for the press) |
Company name: | SANYO SHOKAI LTD. |
Stock exchange listing: | Tokyo |
Stock code: | 8011 URLhttps://www.sanyo-shokai.co.jp/ |
Representative Director,President & Chief | |
Representative: | |
Inquiries: |
Operating Officer
General Manager of Accounting Department,Accounting & Finance Headquarters
TEL 03-6380-5346
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended February 28, 2022 (from March 1, 2021 to February 28, 2022)
(1) Consolidated operating results
April 14, 2022
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | |||||
Year ended February 28, 2022 Year ended February 28, 2021 | Millions of yen 38,642 37,939 | % 1.9 - | Millions of yen (1,058) (8,913) | % - - | Millions of yen (735) (9,036) | % - - | Millions of yen 661 (4,988) | % - - |
Earnings per share | Diluted earnings per share | Profit attributable to owners of parent/equity | Ordinary profit/total assets | Operating profit/net sales | |
Year ended February 28, 2022 Year ended February 28, 2021 | Yen 54.59 (412.07) | Yen 54.13 - | % 2.0 (13.8) | % (1.4) (15.7) | % (2.7) (23.5) |
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |
As of February 28, 2022 As of February 28, 2021 | Millions of yen 51,629 52,926 | Millions of yen 33,920 33,462 | % 65.4 63.2 | Yen 2,782.64 2,763.27 |
(3) Consolidated cash flows
Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Cash and cash equivalents at end of period | |
Year ended February 28, 2022 Year ended February 28, 2021 | Millions of yen (1,638) (5,656) | Millions of yen (1,356) 15,761 | Millions of yen 527 (4,276) | Millions of yen 16,287 18,781 |
2. Cash dividends
Annual dividends per share | Total cash dividends (Total) | Dividend payout ratio (Consolidated) | Ratio of dividends to net assets (Consolidated) | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | ||||
Year ended February 28, 2021 Year ended February 28, 2022 | Yen - - | Yen 0.00 0.00 | Yen - - | Yen 0.00 0.00 | Yen 0.00 0.00 | Millions of yen - - | % - - | % - - |
Year ending February 28, 2023 (Forecast) | - | 0.00 | - | 40.00 | 40.00 | 53.9 |
3. Forecast of consolidated financial results for the year ending February 28, 2023 (from March 1, 2022 to February 28, 2023)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Earnings per share | |||||
Six months ending August 31, 2022 Full year | Millions of yen 24,650 56,000 | % - - | Millions of yen (1,060) 1,200 | % - - | Millions of yen (1,090) 1,140 | % - - | Millions of yen (1,120) 900 | % - - | Yen (92.36) 74.22 |
4. Notes
(1) Changes in significant subsidiaries during the year ended February 28, 2022
No
(changes in specified subsidiaries resulting in the change in scope of consolidation):
(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations: Changes in accounting policies due to other reasons:
Changes in accounting estimates:
Restatement of prior period financial statements:
No No No No
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of February 28, 2022 12,622,934 shares | As of February 28, 2021 12,622,934 shares |
As of February 28, 2022 12,622,934 shares As of February 28, 2
Number of treasury shares at the end of the period
As of February 28, 2022 488,866 shares | As of February 28, 2021 513,200 shares |
As of February 28, 2022
Average number of shares during the period
Year ended February 28, 2022 12,126,550 shares | Year ended February 28, 2021 12,106,124 shares |
Year ended February 28, 2022 12,126,550 shares Year ended Febr
Consolidated financial statements Consolidated balance sheets
(Millions of yen) | ||
As of February 28, 2021 | As of February 28, 2022 | |
Assets Current assets Cash and deposits Notes and accounts receivable - trade Merchandise and finished goods Work in process Raw materials and supplies Other Allowance for doubtful accounts | 19,652 3,341 9,406 155 249 1,154 (12) | 18,767 2,659 7,819 191 237 955 (6) |
Total current assets | 33,947 | 30,626 |
Non-current assets Property, plant and equipment Buildings and structures Accumulated depreciation | 5,944 (2,131) | 5,730 (2,286) |
Buildings and structures, net | 3,813 | 3,443 |
Land Leased assets Accumulated depreciation | 4,136 992 (472) | 4,136 826 (555) |
Leased assets, net | 519 | 271 |
Construction in progress Other Accumulated depreciation | 2 1,460 (568) | 2 1,399 (591) |
Other, net | 891 | 807 |
Total property, plant and equipment | 9,363 | 8,662 |
Intangible assets Trademark right Goodwill Other | 109 1,248 809 | 3,323 - 626 |
Total intangible assets | 2,167 | 3,949 |
Investments and other assets Investment securities Leasehold and guarantee deposits Deferred tax assets Retirement benefit asset Other Allowance for doubtful accounts | 4,954 1,559 5 872 64 (8) | 4,802 1,284 - 2,284 28 (8) |
Total investments and other assets | 7,448 | 8,390 |
Total non-current assets | 18,979 | 21,003 |
Total assets | 52,926 | 51,629 |
(6)
(2,286)
(555)
(591)
(8)
(Millions of yen) | ||
As of February 28, 2021 | As of February 28, 2022 | |
Liabilities Current liabilities Notes and accounts payable - trade Current portion of bonds payable Short-term borrowings Current portion of long-term borrowings Lease obligations Accrued expenses Accrued consumption taxes Income taxes payable Provision for bonuses Provision for sales returns Other | 3,876 20 3,200 - 266 5,184 957 33 193 10 828 | 4,176 - 3,000 2,800 195 1,615 462 138 212 10 1,632 |
Total current liabilities | 14,570 | 14,242 |
Non-current liabilities Convertible-bond-type bonds with share acquisition rights Long-term borrowings Lease obligations Long-term accounts payable - other Deferred tax liabilities Deferred tax liabilities for land revaluation Retirement benefit liability Other | - 2,800 422 108 762 540 235 24 | 553 1,000 208 74 899 540 164 25 |
Total non-current liabilities | 4,893 | 3,465 |
Total liabilities | 19,464 | 17,708 |
Net assets Shareholders' equity Share capital Capital surplus Retained earnings Treasury shares | 15,002 9,688 6,109 (1,044) | 15,002 9,658 6,769 (994) |
Total shareholders' equity | 29,755 | 30,435 |
Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Revaluation reserve for land Foreign currency translation adjustment Remeasurements of defined benefit plans | 1,721 - 1,199 146 639 | 2,031 3 1,199 93 - |
Total accumulated other comprehensive income | 3,707 | 3,328 |
Non-controlling interests | - | 156 |
Total net assets | 33,462 | 33,920 |
Total liabilities and net assets | 52,926 | 51,629 |
(994)
Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income
(Millions of yen) | ||
Fiscal year ended February 28, 2021 | Fiscal year ended February 28, 2022 | |
Net sales Cost of sales | 37,939 23,424 | 38,642 20,095 |
Gross profit | 14,515 | 18,547 |
Selling, general and administrative expenses | 23,429 | 19,605 |
Operating loss | (8,913) | (1,058) |
Non-operating income Interest income Dividend income Foreign exchange gains Subsidy income Other | 9 218 - 45 29 | 0 152 58 246 42 |
Total non-operating income | 303 | 499 |
Non-operating expenses Interest expenses Loan related expenses Share of loss of entities accounted for using equity method Foreign exchange losses Other | 79 16 314 7 9 | 82 - 92 - 1 |
Total non-operating expenses | 426 | 176 |
Ordinary loss | (9,036) | (735) |
Extraordinary income Gain on sale of non-current assets Gain on sale of investment securities Gain on sale of golf membership Subsidy income Reversal of accrued expenses for Cancellation penalty Gain on partial termination of retirement benefit plan | 7,128 517 - 759 71 - | - 501 6 304 - 1,248 |
Total extraordinary income | 8,476 | 2,060 |
Extraordinary losses Loss on sale of non-current assets Loss on retirement of non-current assets Impairment losses Loss on sale of investment securities Loss on sale of golf club membership Business restructuring expenses Cancellation penalty Extraordinary loss due to closing and other | 35 198 937 311 3 1,242 296 1,364 | - 8 400 - 5 - - 209 |
Total extraordinary losses | 4,390 | 624 |
Profit (loss) before income taxes | (4,951) | 700 |
Income taxes - current Income taxes - deferred | 41 (1) | 39 (0) |
Total income taxes | 39 | 38 |
Profit (loss) | (4,991) | 661 |
Loss attributable to non-controlling interests | (3) | - |
Profit (loss) attributable to owners of parent | (4,988) | 661 |
(1,058)
(735)
(0)
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Sanyo Shokai Ltd. published this content on 22 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2022 06:27:02 UTC.