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    2175   JP3162350007

SMS CO., LTD.

(2175)
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SMS : Summary of Consolidated Financial Results for the Three Months Ended June 30, 2021 (Based on Japanese GAAP)

07/30/2021 | 05:50am 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 Three Months Ended June 30, 2021

(Based on Japanese GAAP)

July 30, 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 to file Quarterly Securities Report:

August 6, 2021

Scheduled date to commence dividend payments:

-

Preparation of supplementary material on quarterly financial results:

Yes

Holding of quarterly financial results meeting:

Yes

(for institutional investors and analysts)

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the three months ended June 30, 2021 (from April 1, 2021 to June 30, 2021)

(1) Consolidated operating results (cumulative)

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

%

Three months ended June 30, 2021

10,838

2.8

2,547

14.2

3,319

10.0

2,476

12.5

Three months ended June 30, 2020

10,539

12.4

2,230

55.6

3,018

30.0

2,201

22.3

Earnings per share

Diluted earnings per share

Yen

Yen

Three months ended June 30, 2021

28.43

28.29

Three months ended June 30, 2020

25.28

25.18

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

As of June 30, 2021

53,411

25,663

47.5

As of March 31, 2021

49,444

22,658

45.3

2. Cash dividends

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended March 31, 2021

-

0.00

-

9.50

9.50

Year ending March 31, 2022

-

Year ending March 31, 2022 (Forecast)

0.00

-

-

-

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

60.62

1

4. Notes

  1. Changes in significant subsidiaries during the three months ended June 30, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation):
  2. Application of special accounting methods for preparing quarterly consolidated financial statements:

No

Yes

(3) 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:

Yes

Changes in accounting policies due to other reasons:

No

Changes in accounting estimates:

No

Restatement of prior period financial statements:

No

(4) Number of issued shares (common shares)

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

As of June 30, 2021

87,123,600

shares

As of March 31, 2021

87,109,600

shares

Number of treasury shares at the end of the period

As of June 30, 2021

527

shares

As of March 31, 2021

491

shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)

Three months ended June 30, 2021

87,123,085

shares

Three months ended June 30, 2020

87,057,488

shares

2

Quarterly consolidated financial statements

Consolidated balance sheets

(Millions of yen)

As of March 31, 2021

As of June 30, 2021

Assets

Current assets

Cash and deposits

10,538

13,448

Accounts receivable - trade

4,933

4,515

Work in process

16

29

Supplies

31

42

Accounts receivable - other

6,324

6,915

Income taxes receivable

598

598

Prepaid expenses

808

862

Other

156

73

Allowance for doubtful accounts

(188)

(191)

Total current assets

23,218

26,295

Non-current assets

Property, plant and equipment

Buildings

619

698

Accumulated depreciation

(324)

(351)

Buildings, net

295

347

Tools, furniture and fixtures

792

846

Accumulated depreciation

(552)

(575)

Tools, furniture and fixtures, net

239

270

Machinery, equipment and vehicles

36

38

Accumulated depreciation

(20)

(22)

Machinery, equipment and vehicles, net

16

16

Right-of-use assets

618

675

Accumulated depreciation

(230)

(290)

Right-of-use assets,net

387

384

Total property, plant and equipment

939

1,019

Intangible assets

Goodwill

8,834

9,205

Software

2,355

2,520

Trademark right

8,621

9,222

Customer-related assets

1,502

1,547

Other

0

0

Total intangible assets

21,313

22,495

Investments and other assets

Investment securities

1,975

1,545

Deferred tax assets

879

928

Leasehold and guarantee deposits

1,110

1,127

Other

7

-

Total investments and other assets

3,972

3,602

Total non-current assets

26,225

27,116

Total assets

49,444

53,411

3

(Millions of yen)

As of March 31, 2021

As of June 30, 2021

Liabilities

Current liabilities

Accounts payable - trade

258

211

Current portion of long-term borrowings

2,479

2,094

Accounts payable - other

7,750

8,807

Accrued expenses

438

683

Income taxes payable

374

797

Accrued consumption taxes

505

692

Advances received

869

-

Contract liabilities

-

1,127

Deposits received

147

206

Provision for bonuses

669

308

ProvisionForRepayment

233

-

Lease obligations

115

113

Other

33

309

Total current liabilities

13,875

15,353

Non-current liabilities

Long-term borrowings

10,644

10,003

Retirement benefit liability

149

163

Deferred tax liabilities

1,830

1,943

Lease obligations

281

282

Other

3

2

Total non-current liabilities

12,909

12,395

Total liabilities

26,785

27,748

Net assets

Shareholders' equity

Share capital

2,281

2,289

Capital surplus

85

94

Retained earnings

23,140

24,767

Treasury shares

(0)

(0)

Total shareholders' equity

25,506

27,150

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

0

0

Foreign currency translation adjustment

(3,107)

(1,767)

Total accumulated other comprehensive income

(3,107)

(1,767)

Share acquisition rights

259

280

Total net assets

22,658

25,663

Total liabilities and net assets

49,444

53,411

4

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

(Millions of yen)

Three months ended

Three months ended

June 30, 2020

June 30, 2021

Net sales

10,539

10,838

Cost of sales

932

949

Gross profit

9,607

9,889

Selling, general and administrative expenses

7,376

7,341

Operating profit

2,230

2,547

Non-operating income

Share of profit of entities accounted for using equity method

797

806

Other

23

11

Total non-operating income

820

817

Non-operating expenses

Interest expenses

24

21

Foreign exchange losses

7

20

Other

0

3

Total non-operating expenses

32

45

Ordinary profit

3,018

3,319

Extraordinary income

Gain on sale of non-current assets

0

0

Total extraordinary income

0

0

Extraordinary losses

Loss on sale and retirement of non-current assets

44

6

Event cancellation loss

6

-

Total extraordinary losses

51

6

Profit before income taxes

2,966

3,313

Income taxes

765

836

Profit

2,201

2,476

Profit attributable to owners of parent

2,201

2,476

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 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2021 09:48:07 UTC.


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Masato Sugisaki Director & General Manager-Business Administration
Tomoki Matsubayashi Independent Outside Director
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