SK Electronics : FYE September 2020 Financial Report

FYE September 2020 Financial Report [Japan GAAP] (Consolidated)

					November 9, 2020
Company Name	SK-Electronics Co., Ltd.	Stock Exchange Listing: Tokyo Stock Exchange
Code No.		6677		URL	http://www.sk-el.co.jp
Representative	(Title) President	Masanori Ishida
Contact		(Title) Director	Yasuhisa Mukaida	(TEL) 075 (441) 2333
Scheduled	Date	for Annual	December 18, 2020	Scheduled Date for Commencement December 21, 2020
Shareholders' Meeting		of Dividend Payments
Scheduled	Date	for Submitting	December 18, 2020
Annual Security Report
Preparation of Summary Supplementary: Yes
Explanatory Materials
Earnings Presentations	: Yes (for institutional investors and analysts)

(Rounded down to the nearest ¥ million)

1. Consolidated Results of Operations for FYE 9/2020 (October 1, 2019 through September 30, 2020)

(1) Consolidated Results of Operations					(% indicates increase/decrease vs. prior year)
											Net income
	Net Sales		EBITDA		Operating Income	Ordinary Income	attributable to owners
											of the parent
	¥ millions		%	¥ millions		%	¥ millions	%	¥ millions	%	¥ millions		%
FYE 9/2020	19,104		-25.9	4,183		-52.5	-659	―	-708	―	-971		―
FYE 9/2019	25,773		13.2	8,807		17.4	6,028	37.2	6,341	38.0	4,810		46.6

Comprehensive
(Note) Income	FYE 9/2020	-564 million yen	(―%)	FYE 9/2019 4,289 million yen	(28.3%)
	Net Income per Share	Diluted Net Income	Return on Equity	Ordinary Income to	Operating Income to
				per Share			Total Assets Ratio	Net Sales Ratio
		Yen		Yen		%	%		%
FYE 9/2020		-92.67		―		-4.3	-2.2		-3.5
FYE 9/2019		456.89		―		22.6	21.1		23.4
Equity in Earnings (Loss) of		― million yen			million yen
(Reference) Unconsolidated	Subsidiaries	FYE 9/2020	FYE 9/2019	―
and Affiliates

(Note)	EBITDA = Operating Income + Depreciation
(2) Consolidated Financial Position
		Total Assets	Net Assets	Equity Ratio	Net Assets per Share
			¥ millions		¥ millions		%		Yen
FYE 9/2020		31,778		22,385		70.4		2,134.25
FYE 9/2019		31,415		23,319		74.2		2,224.18
(Reference)	Owned Capital		FYE 9/2020	22,385		million yen	FYE 9/2019	23,319	million yen
(3) Consolidated Cash Flow
		Cash Flows from	Cash Flows from Investing	Cash Flows from	Cash and Cash Equivalents
		Operating Activities	Activities	Financing Activities	at End of Year
			¥ millions		¥ millions		¥ millions		¥ millions
FYE 9/2020		1,991		-3,393		3,312		10,331
FYE 9/2019		9,236		-6,787		-1,150		8,300
2. Dividends
			Dividend per Share		Total Cash		Dividend	Dividends on
									Payout Ratio	Equity
		First Quarter	Second Quarter	Third Quarter	Fiscal Year		Total	Dividends (FY)
			(Consolidated)	(Consolidated)
					End
		Yen	Yen	Yen	Yen		Yen	¥ millions		%	%
FYE 9/2019		―	0.00	―	35.00		35.00	370		7.7	1.7
FYE 9/2020		―	0.00	―	10.00		10.00	105		―	0.5
FYE 9/2021	―	0.00	―	20.00		20.00			19.2
(Projected)

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3. Projected Consolidated Results of Operations for FYE 9/2021 (October 1, 2020 through September 30, 2021)

											Net income	Net Income
	Net Sales		EBITDA		Operating Income	Ordinary Income	attributable to
			per Share
											owners of the parent
	¥ millions		%	¥ millions		%	¥ millions	%	¥ millions	%	¥ millions	%	Yen
Interim	10,400		-1.7	2,260		-16.1	800	130.3	800	146.6	600	198.3	57.20
Full Year	21,500		12.5	4,740		13.3	1,500	―	1,500	―	1,100	―	104.88

((% indicates increase/decrease compared to prior year or prior year interim period)

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*Notes

(1) Changes in significant subsidiaries during the period (Changes in specified subsidiaries due to changes : None in the scope of consolidation)

(2) Changes in accounting policies, changes in accounting estimates and retrospective restatements

<1>	Changes in accounting policies in conjunction with	:	Yes
revisions of accounting standards etc.		None
<2>	Changes in accounting policies other than those in <1>	:
<3>	Changes in accounting estimates	:	None
<4>	Retrospective restatements	:	None

(3) Number of shares issued and outstanding (common stock)

<1> Number of shares issued and outstanding at	FYE 9/2020	11,368,400	shares	FYE 9/2019	11,368,400	shares
end of period (including treasury stock)
<2> Number of shares of treasury stock at end of	FYE 9/2020	879,782	shares	FYE 9/2019	883,804	shares
period
<3> Average number of shares during the period	FYE 9/2020	10,487,169	shares	FYE 9/2019	10,528,062	shares

(Note) The number of treasury shares deducted when calculating the number of shares of treasury stock at end of FYE 9/2020 and the average number of shares for FYE 9/2020 includes shares held in trust for the director stock-based compensation system.

(Reference) Overview of Non-Consolidated Results of Operations
1. Non-Consolidated Results of Operations for FYE 9/2020 (October 1, 2019 through September 30, 2020)
(1) Non-Consolidated Results of Operations							(% indicates increase/decrease vs. prior year)
		Net Sales			EBITDA	Operating Income	Ordinary Income		Net Income
		¥ millions		%	¥ millions	%	¥ millions		%	¥ millions			%		¥ millions		%
FYE 9/2020		13,732		-34.1		1,379	-77.6	-1,478		―	-915			―		-1,052		―
FYE 9/2019		20,837		16.3		6,147	31.0	4,380		54.5	4,761			56.0		3,756		71.6
		Net Income per Share	Diluted Net Income per
			Share
					Yen			Yen
FYE 9/2020				-100.37			―
FYE 9/2019				356.81			―
(2) Non-Consolidated Financial Position
		Total Assets			Net Assets				Equity Ratio		Net Assets per Share
				¥ millions		¥ millions			%						Yen
FYE 9/2020				26,428			17,555				66.4				1,673.73
FYE 9/2019				25,878			18,987				73.4				1,810.96
(Reference)	Owned Capital	FYE 9/2020	17,555	million yen		FYE 9/2019	18,987	million yen

2. Projected Non-Consolidated Results of Operations for FYE 9/2021 (October 1, 2020 through September 30, 2021)

(% indicates increase/decrease compared to prior year or prior year interim period)

											Net income
	Net Sales		EBITDA		Operating Income	Ordinary Income	attributable to	Net Income
			owners of the	per Share
											parent
	¥ millions		%	¥ millions		%	¥ millions	%	¥ millions	%	¥ millions		%	Yen
Interim	7,900		4.8	1,160		8.7	400	―	600	656.3	500		978.1	47.67
Full Year	16,400		19.4	2,720		97.2	900	―	1,100	―	800		―	76.27

*This financial report is exempt from audit procedures by either a certified public accountant or an audit firm.

*Explanation concerning appropriate use of the projected operating results and other special remarks

The forward-looking statements, including the operating results forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Actual business results may differ substantially due to a number of factors. Please see Page 6 "1. Qualitative Information on Consolidated Operating Results for FYE September 2020, (4) Outlook for Consolidated FYE September 2021" concerning the assumptions used as the basis for the projected operating results and matters to note before using the projected operating results.

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○Attachments Table of Contents

1．Qualitative Information on Consolidated Operating Results for FYE September 2020 ……………………………….……5

1. 1. Qualitative Explanation on Consolidated Results of Operations ………………………………………………………….5
   2. Qualitative Explanation on Consolidated Financial Position ………………………………………………………..……5
   3. Qualitative Explanation on Cash Flows ……………………………………………………………………………..……5
   4. Outlook for Consolidated FYE September 2021……………………………………………………………………………6
   5. Basic Policy regarding Profit Distribution and Dividends for the Consolidated Fiscal Year under Review and Subsequent Period ………………………………………………………………………………………………………………………….…6
2. Basic Policy regarding Selection of Accounting Standards ……………………………………………………..……..………8
3. Consolidated Financial Statements and Notes …………………………………………………………………….….………9
4. 1. Consolidated Balance Sheets …………………………………………………………………………………...…….……9
   2. Consolidated Statement of Income and Consolidated Statement of Comprehensive Income.………………………….…11
   3. Consolidated Statements of Changes in Stockholders' Equity ……………………………………………..……………13
   4. Consolidated Statement of Cash Flows ………………………………………………………………………...…………15
   5. Notes to the Consolidated Financial Statements ……………………………………………………………….……….…16
      (Notes relating to the assumptions of going concerns) …………………………………………………...……………16
      (Change in the scope of consolidation) ………………………………………………………….……………………16
      (Change in presentation method) ………………………………………………………………………….…………16
      (Additional Information) ………………………………………………………………………………………………16
      (Segment Information) …………………………………………………………………………………………………16
      (Per Share Information) ……………………………………………………………………………………..…………17
      (Material Events after the Close of the Consolidated Fiscal Year) …………………………………….………………17
5. Supplemental information ………………………………………………………………………………….………………18

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