Sumitomo Osaka Cement : Summary of Consolidated Financial Results for the First Quarter Fiscal 2022,Ending March 31,2022(PDF / 368KB)

Sumitomo Osaka Cement Co., Ltd. (5232) FY March 2022, 1Q Financial Statement

Summary of Consolidated Financial Results of Sumitomo Osaka Cement Co., Ltd.

for the 1 Quarter Fiscal 2022, Ending March 31, 2022 (Japan GAAP)

August 5, 2021

Company name

Sumitomo Osaka Cement Co., Ltd

Stock Exchange Listing

Tokyo

Stock code

5232

URL

https://www.soc.co.jp/

Representative

(Job Title) Managing Director

(Name)

Hirotsune Morohashi

Contact Manager

(Job Title) General Manager

(Name)

Tatsuaki Teranishi (TEL) 03-5211-4505

Scheduled

date

to submitAugust 6, 2020

Scheduled

date to commence

-

the Quarterly Report

dividend payments

Availability of supplementary briefing

：None

material on quarterly financial results

Scheduled date of Quarterly Financial：None

Results Briefing Session

(Figures are rounded down to the nearest million yen)

１．Consolidated Financial Results for the first quarter

(From April 1, 2021 to June 30, 2021)

（１）Consolidated operating results(cumulative)

(％ indicated changes from the previous

corresponding term)

Quarterly net

Net sales

Operating profit

Ordinary profit

profit attributable

to owners of the

parent

Millions of yen

％

Millions of yen

％

Millions of yen

％

Millions of yens

％

2022 the first quarter

43,779

-

2,915

13.3

3,985

43.9

2,757

43.7

term

2021 the first quarter

52,345

△11.2

2,574

△9.1

2,768

△10.3

1,918

△8.9

term

(Note) Comprehensive

FY ending March 3,493Millions

(544.8％)

FY ending March 2021

541 Millions ( △

profit

2022 the first

of yen

the first quarter

of yen

87.0％)

quarter

Quarterly net

Quarterly net

profit per share

profit per share

after adjusting

potential share

Yen Sen

Yen

Sen

FY

ending

March,2022

73.85

―

The first quarter

FY

ending

March,2021

49.76

―

the first quarter

Accounting Standard for Revenue Recognition" (Corporate Accounting Standard No. 29, March 31, 2020) has been applied from the beginning of the first quarter of the current consolidated accounting period. The year-on- year rate of change in sales for the first quarter of the fiscal year ending March 2022 is not shown because it will have a significant impact on sales.

（２）Consolidated Financial Status

	Total assets		Net assets		Net assets ratio
	Millions of yen		Millions of yen		％
FY ending March,2022	324,023		204,992		62.6
the first quarter term
FY ending March,2020	329,650		205,827		61.8
(Reference) Net 2022 the first quarter 202,841	Millions	FY ending	203,731 Millions
assets			of yen	March	of yen
				2021

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： Yesne

： None

： None

Sumitomo Osaka Cement Co., Ltd. (5232) FY March 2022, 1Q Financial Statement

２．Dividend Status

			Annual Dividend
	End of 1Q	End of 2Q	End of 3Q		Year-end		Total
	Yen	Sen	Yen Sen	Yen Sen			Yen Sen		Yen Sen
FY ending March,2021		―	60.00	―			60.00		120.00
FY ending March,2022		―
End of March,2022			60.00	―			60.00		120.00
(Forecast)
(Note) Revisions from the most recently published dividend forecast	：None

３．The fiscal year ending March,2022 Consolidated Performance Forecast （From April 1, 2021 to March 31, 2022）

(％ indicates changes from the previous corresponding term)

								Net profit
	Net sales		Operating profit	Ordinary profit	attributable to	Net profit
		owners of the		per share
								parent
	Millions of		％	Millions of	％	Millions of	％	Millions of		％	Yen Sen
	yen		yen	yen	yen
Second quarter	88,200		-	4,400	△26.9	5,000	△24.1	4,000	△11.1	107.33
(accumulated)
185,500		-	8,500	△48.9	10,000	△43.3	8,000	△31.7	214.91
Total

(Note) 1.Presence or absence of revisions from the most recently announced earnings forecast: Yes 2."Accounting Standards for Revenue Recognition Standards" (Corporate Accounting Standard No. 29, March 31, 2020), etc. for the first quarter of the current consolidated fiscal year.

Since it has been applied from the beginning of the period, the above consolidated earnings forecast is the amount after applying the relevant accounting standard. The rate of increase / decrease in sales from the same quarter of the previous year is not shown because it will have a large impact on sales.

※ Notes
（ 1 ） Changes in significant subsidiaries during this consolidated	： None
cumulative quarter

(Changes od subsidiaries involving changes in the scope of consolidation)

New －Company	（Name of	Excluded －Company	（Name of
Company）	company）

（２）Adoption of specific accounting treatments to the preparation ：None of quarterly consolidated financial statements

（３）Changes in accounting policies, changes in accounting estimation or restatements

① Changes in accounting policies due to the revision of accounting standards

② Changes in accounting policies other than ①

③ Changes in accounting estimation

④ Restatements

: None

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Sumitomo Osaka Cement Co., Ltd. (5232) FY March 2022, 1Q Financial Statement

（4） Numbers of Shares Issued（Common stock）

① Total number of	issued shares
（including treasury	stock）

② Total number of treasury stocks

③ Average number of shares during the period（cumulative）

FY ending March,		FY ending March,
2022	38,643,217Shares	2021	38,643,217Shares
1Ｑ
FY ending March,		FY ending March,
2022	1,471,573Shares	2021	896,372Shares
1Ｑ
FY ending March,		FY ending March,
2022	37,342,145Shares	2021	38,562,732Shares
1Ｑ		1Ｑ

※ The quarterly Financial Reports are outside of the scope of quarterly review by certified public accountants and audit corporations

※ Explanation for the appropriate use of performance forecasts and other special notes:

The statements regarding forecast of financial results in this report are based on the information that is available to the Company at present. Therefore, there might be cases in which actual results differ materially from forecast values due to various factors. For the suppositions that from the assumptions for profit forecast and cautions concerning the user thereof, please refer to "1, Qualitative Information on Quarterly Financial Results" and "(3) Qualitative Information on Forecast of Consolidated Financial Results and Other Forward-Looking Information" on page 2 of the Appendix

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Sumitomo Osaka Cement Co., Ltd. (5232) FY March 2022, 1Q Financial Statement

• Table of Contents of Appendix

１．Qualitative Information on Quarterly Financial Results	………………………………２
(1)	Qualitative information on consolidated operational results	…………………………２
(2)	Qualitative information on consolidated financial position	……………………………２
(3)	Qualitative information on consolidated financial results
and other forward-looking information	…………………………………………２

２．Notes on Quarterly Consolidated Financial Statements and Principal ……………………３

（１）Quarterly consolidated balance sheet …………………………………………………………３

（２）Quarterly consolidated profit and loss calculation and comprehensive profit ……５

（３）Quarterly consolidated cash-flow calculation ………………………………………………７

（４）Notes to Quarterly Consolidated Financial Statements ……………………………………８

（Notes to going concern assumption） …………………………………………………………８

（Notes to significant changes in the amount of shareholders' assets） ……………８

（Segment information） ……………………………………………………………………………８

３．Supplementary Information …………………………………………………………………………９

（１） Consolidated segment profit and loss（Period comparison） ……………………………９

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Sumitomo Osaka Cement Co., Ltd. (5232) FY March 2022, 1Q Financial Statement

１．Qualitative Information on Quarterly Financial Results

（１）Qualitative information on consolidated operational results

During this first quarter consolidated period (from April to June, 2021), while the Japanese economy has been forced to keep facing a severe situation under COVID-19, you can find some recovering movements and partially worsening cases occurring at the same time.

In the cement industry, by coming to the end of both earth quake reconstruction demand and Hokuriku Shinkansen related demand, and also due to prolonged construction caused by labor shortage, construction progress delay did not improve. As a result, public work was so sluggish that domestic demand for cement was 9,224 thousand tons, 1.8% lower than the same period of the previous year. On the other hand, exports increased 19.6% year-on-year. Thus, the total sales volume of domestic manufacturers including export was 12,083 thousand tons, 2.5% higher than that of the same period of the previous year.

Under these circumstances, the Group entered the second year of the "2020-22Medium-Term Management Plan" from FY2020. As a business strategy, in the cement-related business, we intended to "improve the profitability of cement and solidifying materials," "expand the related businesses," and "ensure competitive advantage of existing main while developing new products." And as environmental measures, we have implemented "strengthening environmental measures" and "efforts to reduce CO2 emissions".

As a result of all, net sales for the first quarterly of the current fiscal year were 43,779 million yen, a decrease of 8,566 million yen compared with the same period of the previous year. The ordinary income increased by 1,216 million yen from the same period of the previous year to 3,985 million yen. Net income attributable to owners of the parent was 2,757 million yen increasing by 838 million yen compared to the same period of the previous year.

"Accounting standards for revenue recognition" (Corporate Accounting Standard No.29, March 31, 2020) is applied from the beginning of the current first quarter consolidated accounting period. Please refer to its details at "2 Quarterly consolidated financial statements and main notes (3) Precautions regarding quarterly consolidated financial statements (change in accounting policy)."

（２）Qualitative information on consolidated financial position

Total assets at the end of the first quarter of the current consolidated fiscal year were 324,023 million yen, a decrease of 5,627 million yen compared with the end of the previous consolidated fiscal year.

The main increase / decrease was a decrease in cash and deposits of 1,725 million yen and a decrease in bills receivable, accounts receivable and contract assets of 2,825 million yen.

Liability was 119,031 million yen, a decrease of 4,791 million yen compared with the end of the previous consolidated fiscal year. The main increase / decrease was a decrease in unpaid corporate tax etc. of 2,926 million yen.

Net assets were 204,992 million yen, a decrease of 835 million yen compared with the end of the previous consolidated fiscal year. The main changes were a decrease by acquisition of treasury stock of 2,058 million yen and an increase by retained earnings of 491 million yen.

（３）Qualitative information on forecast of consolidated financial results and other forward-looking information

Regarding the full-year consolidated earnings forecast, we are now revising the previous forecast (announced on May 13, 2021) due to the deterioration caused by rising petroleum and coal prices after the third quarter of the current consolidated fiscal year.

Full-year consolidated earnings forecast for the fiscal year ending March 2022 （From April 1, 2021 to March 31, 2022）

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