Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Tokyo Seimitsu Co., Ltd.
  6. News
  7. Summary
    7729   JP3580200008

TOKYO SEIMITSU CO., LTD.

(7729)
  Report
Delayed Japan Exchange  -  09:48 2022-09-28 pm EDT
4455.00 JPY   +2.04%
08/02Tokyo Seimitsu : Summary of FY2023/3 1st Quarter Business Results (April to June 2022) (with notes)
PU
08/02Tokyo Seimitsu : Summary of FY2023/3 1st Quarter Business Results (April to June 2022)
PU
08/02Tokyo Seimitsu : Consolidated Financial Statements for the 1st Quarter of the Fiscal Year Ending March 31st, 2023 (FY2023/3), Japan GAAP
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Tokyo Seimitsu : Consolidated Financial Statements for the 1st Quarter of the Fiscal Year Ending March 31st, 2023 (FY2023/3), Japan GAAP

08/02/2022 | 02:10am EDT
Stock Listing: Tokyo
(URL: https://www.accretech.jp/) Tel: +81-(0)42-642-1701
(Millions of yen, rounded down)
August 2nd, 2022

Consolidated Financial Statements for the 1st Quarter of the Fiscal Year Ending March 31st, 2023 (FY2023/3), Japan GAAP

Company Name Tokyo Seimitsu Co., Ltd.

ACCRETECH

Code number: 7729

Representative: Ryuichi Kimura, President and COO

Inquiries: Koichi Kawamura, Executive Vice President and CFO

Date of Quarterly Financial Statement Filing (planned) : August 5th, 2022

Dividend Payment Date (planned): -

Supplementary Document for Quarterly Financial Results : Yes

Holding of Financial Results Meeting: Yes (for Security Analysts, Investors)

1. Consolidated Results for 1st Quarter of FY2023/3 (April 1st - June 30th, 2022)

(1) Consolidated sales and earnings

(Percentage figures represent changes from the previous year)

Net Sales

Operating Profit

Recurring Profit

Net Profit Attributable to

(Millions of Yen)

(Millions of Yen)

(Millions of Yen)

Owners of the Parent

(Millions of Yen)

FY2023/3 Q1

27,919

- 3.2%

5,691

- 4.9%

6,496

8.1%

4,812

10.5%

FY2022/3 Q1

28,841

36.9%

5,987

88.5%

6,011

79.7%

4,356

76.3%

Note: Comprehensive Income in FY2023/3 Q1: 5,839 million yen (23.2%), in FY2022/3 Q1: 4,738 million yen (186.3%)

Net Profit per Share (Yen)

Net Profit per Share (diluted)

(Yen)

FY2023/3 Q1

118.38

117.29

FY2022/3 Q1

106.09

105.04

(2) Consolidated financial position

Total Assets (Millions of Yen)

Net Assets (Millions of Yen)

Equity Ratio

FY2023/3 Q1

191,927

132,863

68.4%

FY2022/3

190,287

131,081

68.1%

Note: Equity in FY2023/3 Q1: 131,297 million yen, FY2022/3: 129,556 million yen

2. Dividends

Per Share Dividend in Fiscal Year

Q1 End

Q2 End

Q3 End

Q4 End

Total

Yen

Yen

Yen

Yen

Yen

FY2022/3

-

84.00

-

101.00

185.00

FY2023/3

-

FY2023/3

109.00

-

109.00

218.00

(Projected)

Note: Changes due

to revision of dividend

projection: No

3. Forecast for FY2023/3 (April 1st, 2022 - March 31st, 2023)

(% figures represent changes from the previous year)

Net Sales

Operating Profit

Recurring Profit

Net Profit attributable to

Net Profit

Owners of the Parent

(Millions of Yen)

(Millions of Yen)

(Millions of Yen)

per Share (yen)

(Millions of Yen)

Interim

74,500

21.7%

15,300

18.6%

15,300

18.0%

10,800

12.4%

265.00

Full Year

150,000

14.8%

31,100

9.8%

31,100

6.6%

22,000

3.2%

541.00

Note: Changes due to revision of forecast: No

  • Notes
  1. Significant changes in subsidiaries during the term under review (ones that changes scope of consolidation): No
  2. Accounting procedures specific to the preparation of quarterly consolidated financial statements: No
  3. Changes in accounting principles, estimates and restatements
    1. Changes due to revision of accounting standards, etc.: No
    2. Changes other than 1): Yes
    3. Changes in accounting estimates: No
    4. Restatement: No
  4. Number of shares outstanding (common shares)
  1. Number of shares outstanding at the end of period (including treasury stock):
  2. Number of treasury stock at the end of period:
  3. Average Number of shares outstanding during the period:

FY2023/3 Q1

41,885,581

shares

FY2022/3

41,869,581

shares

FY2023/3 Q1

1,222,956

shares

FY2022/3

1,222,956

shares

FY2023/3 Q1

40,654,243

shares

FY2022/3 Q1

41,063,521

shares

  • This consolidated financial statements report is not subject to audit procedures.
  • Cautionary Statements with respect to Forward-looking Statements

All forecasts and other forward-looking statements in this document are based on information currently available to the Company and assumptions that the Company considers reasonable. Various uncertainties could cause actual results to significantly differ from these forecasts. Please refer to supplementary statement.

* Cautionary Statements with respect to the translation of the document

This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

Tokyo Seimitsu Co., Ltd. (7729)

Consolidated Financial Statements for 1st Quarter of FY2023/3

Contents of supplementary statement

1. Qualitative information on Business Performance for 1st quarter of FY2023/3 ........................................

2

(1)

Overview of Business Performance...........................................................................................................

2

(2)

Analysis of Financial Position ...................................................................................................................

3

(3)

Financial Estimates such as Consolidated Business Forecasts for current Fiscal Year .............................

3

2. Consolidated Financial Statements and Notes ..............................................................................................

4

(1)

Consolidated Balance Sheet.......................................................................................................................

4

(2)

Consolidated Statements of Income, and Comprehensive Income............................................................

6

(3)

Notes to Consolidated Financial Statements..............................................................................................

8

(Note on Assumptions for Going Concern) ...............................................................................................

8

(Significant Changes in Shareholder's Equity)..........................................................................................

8

(Changes in Accounting Principles) ..........................................................................................................

8

(Segment Information and Others) ............................................................................................................

9

1

Tokyo Seimitsu Co., Ltd. (7729)

Consolidated Financial Statements for 1st Quarter of FY2023/3

1. Qualitative information on Business Performance for 1st quarter of FY2023/3

(1) Overview of Business Performance

During the 1st quarter of Fiscal Year ending March 2023 (FY2023/3), the global economy as a whole moved in the direction of resumption and recovery of economic activities as a result of progress in vaccination, mainly in Europe and the United States, and easing of social restrictions and international travel restrictions with regard to the impact of COVID-19 infection. On the other hand, supply shortages due to the worsening situation in Ukraine and logistics stagnation due to the lockdown in China have caused difficulties in obtaining supply, energy, and raw materials, as well as price hikes, which have spurred sharp inflation, exchange rate fluctuations, and higher interest rates, leading to concerns that the economy may deteriorate. There are concerns that this could lead to an economic downturn.

Under these circumstances, the business environment surrounding the Company was characterized by a decline in factory utilization among semiconductor and high-tech related companies, which are the customers of the Semiconductor Production Equipment (SPE) segment due to a drop in demand for consumer electronic products. On the other hand, the manufacturing industry in general, which is the customer base of the Metrology Equipment segment, showed a gradual resumption of capital investment.

As a result, Consolidated Orders in the 1st quarter of Fiscal Year 2023/3 (April 1st, 2022 - June 30th, 2022) were ¥48,788 million (up 17.9% YoY), Sales were ¥ 27,919 million (down 3.2% YoY), Operating Profit was ¥ 5,691 million (down 4.9% YoY), Recurring Profit was ¥ 6,496 million (up 8.1% YoY), and Net Profit Attributable to Owners of the Parent was ¥ 4,812 million (up 10.5% YoY).

Business results during the term in each segment were as follows.

[Semiconductor Production Equipment (SPE) Segment]

In the semiconductor production equipment segment, orders increased YoY despite a decrease in demand for consumer electronics such as mobile handsets, as demand for telecommunication-related logic devices such as 5G and servers, which has continued from the previous fiscal year, demand for power semiconductors such as SiC, and demand for increased wafer production remained strong.

On the other hand, production maintained high-capacity utilization despite the impact of parts procurement difficulties, but with regard to shipments, sales were affected by logistic problem and delay in installation due to lockdowns in China.

As a result, Orders for our SPE segment in the same period was ¥36,010 million (up 7.2% YoY), Sales was ¥ 21,135 million (down 7.0% YoY), and Operating Profit was ¥ 5,049 million (down 5.1% YoY).

2

Tokyo Seimitsu Co., Ltd. (7729)

Consolidated Financial Statements for 1st Quarter of FY2023/3

[Metrology Equipment Segment]

In the Metrology Equipment Segment, demand from the automobile industry recovered moderately, and for machine parts and robot applications, as well as for machinery applications such as semiconductor production equipment, which is a new area of focus, also remained strong. As a result, both orders and sales increased YoY.

As a result, Orders for our Metrology Equipment segment in the same period was ¥ 12,778 million (up 64.3% YoY), Sales was ¥ 6,783 million (up 11.0% YoY) and Operating Profit was ¥ 641 million (down 3.9% YoY).

(2) Analysis of Financial Position

[Assets, Liabilities and Net Assets]

Total Assets as at June 30th, 2022 amounted to ¥191,927 million, an increase of ¥1,640 million from the end of FY2022/3. The major factors behind this change include an increase in Inventories including finished goods, Raw materials and supplies and Work in progress of ¥7,537 million, and a decrease in accounts receivable such as Notes and accounts, Contract assets, and Electronically recorded monetary claims of ¥ 3,694 million.

Total Liabilities decreased by ¥141 million to ¥59,064 million. This was mainly from a decrease in Income taxes payable of ¥2,748 million, a decrease in Long-term debt of ¥1,000 million, an increase in Contract liabilities of ¥2,696 million, and an increase in accounts payable such as Notes and accounts payable and electronically recorded obligations-operating of ¥1,765 million.

Net Assets increased by ¥1,782 million and totaled ¥ 132,863 million; the Equity Ratio came to 68.4%.

(3) Financial Estimates such as Consolidated Business Forecasts for current Fiscal Year

There are no revisions to the Consolidated Business Forecasts for Fiscal Year 2023/3 previously announced on May 10th , 2022.

Note: The forecasts contain forward-looking statements based on information available to the management at the time of this announcement that it has judged to be rational, including such factors as economic conditions in Japan and other countries or fluctuations in exchange rates, which may affect the Company's performance. These forecasts are subject to a number of risks and uncertainties, including market conditions, competition, and new product releases. Accordingly, actual results may differ materially from those projected in this earnings summary.

3

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

Disclaimer

Tokyo Seimitsu Co. Ltd. published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 06:09:28 UTC.


© Publicnow 2022
All news about TOKYO SEIMITSU CO., LTD.
08/02Tokyo Seimitsu : Summary of FY2023/3 1st Quarter Business Results (April to June 2022) ..
PU
08/02Tokyo Seimitsu : Summary of FY2023/3 1st Quarter Business Results (April to June 2022)
PU
08/02Tokyo Seimitsu : Consolidated Financial Statements for the 1st Quarter of the Fiscal Year ..
PU
08/02Tokyo Seimitsu Co., Ltd. Provides Consolidated Earnings Guidance for the Interim Period..
CI
08/02Tokyo Seimitsu Co., Ltd. Provides Dividend Guidance for the End of Second Quarter and Y..
CI
06/27Tokyo Seimitsu : [Delayed] (Summary)Annual Securities Report For Fiscal Year..
PU
06/23Tokyo Seimitsu : Articles of Incorporation Tokyo Seimitsu Co. Ltd., Amended June 20th, 202..
PU
03/30TOKYO SEIMITSU CO., LTD. : Ex-dividend day for final dividend
FA
02/03Tokyo Seimitsu's Attributable Profit Balloons 107% in April-December 2021
MT
02/02Tokyo Seimitsu : Summary of FY2022/3 3rd Quarter Business Results with Note(April to Decem..
PU
More news
Financials
Sales 2023 149 B 1 032 M 1 032 M
Net income 2023 23 256 M 161 M 161 M
Net cash 2023 43 373 M 300 M 300 M
P/E ratio 2023 7,83x
Yield 2023 4,92%
Capitalization 182 B 1 260 M 1 260 M
EV / Sales 2023 0,93x
EV / Sales 2024 0,90x
Nbr of Employees 2 354
Free-Float 91,1%
Chart TOKYO SEIMITSU CO., LTD.
Duration : Period :
Tokyo Seimitsu Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOKYO SEIMITSU CO., LTD.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 6
Last Close Price 4 475,00 JPY
Average target price 5 328,29 JPY
Spread / Average Target 19,1%
EPS Revisions
Managers and Directors
Hitoshi Yoshida Chairman & Chief Executive Officer
Ryuichi Kimura President, COO & Representative Director
Koichi Kawamura Executive Officer-Business Company
Akihiro Endo Senior Managing Executive Officer-Semiconductor
Takahiro Hokida Manager-Test Technology
Sector and Competitors