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    2175   JP3162350007

SMS CO., LTD.

(2175)
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SMS : Posted FY03-21 SMS Summary of Consolidated Financial Results

04/28/2021 | 07:38am EDT

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 March 31, 2021

(Based on Japanese GAAP)

April 28, 2021

Company name:

SMS CO., LTD.

Stock exchange listing:

Tokyo

Stock code:

2175

URL https://www.bm-sms.co.jp/

Representative:

CEO

Natsuki Goto

Inquiries:

CFO

Masato Sugizaki

TEL 03-6721-2400

Scheduled date of ordinary general meeting of shareholders:

June 18, 2021

Scheduled date to file Securities Report:

June 18, 2021

Scheduled date to commence dividend payments:

June 21, 2021

Preparation of supplementary material on financial results:

Yes

Holding of financial results meeting:

Yes

(for institutional investors and analysts)

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended March 31, 2021 (from April 1, 2020 to March 31, 2021)

(1) Consolidated operating results

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Year ended March 31, 2021

35,960

2.3

5,470

10.8

6,653

4.7

4,800

0.9

Year ended March 31, 2020

35,140

14.0

4,935

4.1

6,355

6.3

4,760

12.9

Earnings per share

Diluted earnings per

Profit attributable to

Ordinary profit/total

Operating profit/net

share

owners of

assets

sales

parent/equity

Yen

Yen

%

%

%

Year ended March 31, 2021

55.13

54.86

23.1

13.2

15.2

Year ended March 31, 2020

54.69

54.45

27.5

12.9

14.0

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen

%

Yen

As of March 31, 2021

49,444

22,658

45.3

257.14

As of March 31, 2020

50,996

19,398

37.7

220.86

(3) Consolidated cash flows

Cash flows from

Cash flows from

Cash flows from

Cash and cash equivalents

operating activities

investing activities

financing activities

at end of period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Year ended March 31, 2021

6,769

(1,783)

(5,224)

10,144

Year ended March 31, 2020

5,591

(2,127)

(3,132)

10,493

2. Cash dividends

Annual dividends per share

Total cash

Dividend payout

Ratio of dividends

to net assets

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

dividends (Total)

ratio (Consolidated)

(Consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

Year ended March 31, 2020

-

0.00

-

8.50

8.50

739

15.5

4.3

Year ended March 31, 2021

-

0.00

-

9.50

9.50

827

17.2

4.0

Year ending March 31, 2022

-

0.00

-

-

-

-

(Forecast)

1

3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to

Earnings per share

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full year

40,043

11.4

6,205

13.4

7,352

10.5

5,281

10.0

60.65

4. Notes

(1) Changes in significant subsidiaries during the year ended March 31, 2021

Yes

(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:

No

Changes in accounting policies due to other reasons:

No

Changes in accounting estimates:

No

Restatement of prior period financial statements:

No

(3) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

As of March 31, 2021

87,109,600

shares

As of March 31, 2020

87,057,600

shares

Number of treasury shares at the end of the period

As of March 31, 2021

491

shares

As of March 31, 2020

445

shares

Average number of shares during the period

Year ended March 31, 2021

87,085,303

shares

Year ended March 31, 2020

87,033,325

shares

2

Consolidated financial statements

Consolidated balance sheets

(Millions of yen)

As of March 31, 2020

As of March 31, 2021

Assets

Current assets

Cash and deposits

11,091

10,538

Accounts receivable - trade

5,213

4,933

Work in process

14

16

Supplies

30

31

Accounts receivable - other

6,183

6,324

Income taxes receivable

-

598

Prepaid expenses

664

808

Other

18

156

Allowance for doubtful accounts

(113)

(188)

Total current assets

23,102

23,218

Non-current assets

Property, plant and equipment

Buildings

626

619

Accumulated depreciation

(291)

(324)

Buildings, net

335

295

Tools, furniture and fixtures

806

792

Accumulated depreciation

(545)

(552)

Tools, furniture and fixtures, net

261

239

Machinery, equipment and vehicles

37

36

Accumulated depreciation

(17)

(20)

Machinery, equipment and vehicles, net

20

16

Right-of-use assets

481

618

Accumulated depreciation

(91)

(230)

Right-of-use assets,net

389

387

Total property, plant and equipment

1,006

939

Intangible assets

Goodwill

10,148

8,834

Software

1,637

2,355

Trademark right

9,126

8,621

Customer-related assets

1,825

1,502

Other

0

0

Total intangible assets

22,738

21,313

Investments and other assets

Investment securities

2,225

1,975

Deferred tax assets

873

879

Leasehold and guarantee deposits

1,039

1,110

Other

11

7

Total investments and other assets

4,149

3,972

Total non-current assets

27,893

26,225

Total assets

50,996

49,444

3

(Millions of yen)

As of March 31, 2020

As of March 31, 2021

Liabilities

Current liabilities

Accounts payable - trade

314

258

Current portion of long-term borrowings

2,487

2,479

Accounts payable - other

7,711

7,750

Accrued expenses

451

438

Income taxes payable

534

374

Accrued consumption taxes

536

505

Advances received

725

869

Deposits received

84

147

Provision for bonuses

600

669

ProvisionForRepayment

242

233

Lease obligations

112

115

Other

30

33

Total current liabilities

13,831

13,875

Non-current liabilities

Long-term borrowings

15,144

10,644

Retirement benefit liability

354

149

Deferred tax liabilities

1,994

1,830

Lease obligations

260

281

Other

11

3

Total non-current liabilities

17,766

12,909

Total liabilities

31,597

26,785

Net assets

Shareholders' equity

Share capital

2,246

2,281

Capital surplus

51

85

Retained earnings

19,079

23,140

Treasury shares

(0)

(0)

Total shareholders' equity

21,376

25,506

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

0

0

Foreign currency translation adjustment

(2,149)

(3,107)

Total accumulated other comprehensive income

(2,149)

(3,107)

Share acquisition rights

171

259

Total net assets

19,398

22,658

Total liabilities and net assets

50,996

49,444

4

Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income

(Millions of yen)

Fiscal year ended

Fiscal year ended

March 31, 2020

March 31, 2021

Net sales

35,140

35,960

Cost of sales

4,048

3,957

Gross profit

31,091

32,003

Selling, general and administrative expenses

26,156

26,533

Operating profit

4,935

5,470

Non-operating income

Interest income

24

10

Share of profit of entities accounted for using equity method

1,486

1,241

Other

62

88

Total non-operating income

1,573

1,340

Non-operating expenses

Foreign exchange losses

43

53

Interest expenses

102

90

Other

6

13

Total non-operating expenses

152

157

Ordinary profit

6,355

6,653

Extraordinary income

Gain on sale of non-current assets

1

0

Gain on sale of investment securities

-

70

Gain on sale of businesses

55

-

Total extraordinary income

57

70

Extraordinary losses

Loss on sale and retirement of non-current assets

23

117

Loss on valuation of investment securities

-

3

Loss on termination of retirement benefit plan

-

121

Event cancellation loss

13

11

Total extraordinary losses

37

253

Profit before income taxes

6,375

6,470

Income taxes - current

1,702

1,734

Income taxes - deferred

(87)

(65)

Total income taxes

1,615

1,669

Profit

4,760

4,800

Profit attributable to non-controlling interests

-

-

Profit attributable to owners of parent

4,760

4,800

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

SMS Co. Ltd. published this content on 28 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2021 11:37:03 UTC.


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Sales 2022 40 143 M 366 M 366 M
Net income 2022 5 505 M 50,2 M 50,2 M
Net cash 2022 389 M 3,55 M 3,55 M
P/E ratio 2022 69,0x
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Technical analysis trends SMS CO., LTD.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 4 355,00 JPY
Average target price 3 841,67 JPY
Spread / Average Target -11,8%
EPS Revisions
Managers and Directors
Natsuki Goto President & Representative Director
Masato Sugisaki Director & General Manager-Business Administration
Tomoki Matsubayashi Independent Outside Director
Koichiro Ito Independent Outside Director
Toyotaro Suzumura Outside Director
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