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    7729   JP3580200008

TOKYO SEIMITSU CO., LTD.

(7729)
  Report
Delayed Japan Exchange  -  02:00 2022-06-27 am EDT
4585.00 JPY   +1.33%
06:54aTOKYO SEIMITSU : [Delayed] (Summary)Annual Securities Report For Fiscal Year Ended March 31st, 2022
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06/23TOKYO SEIMITSU : Articles of Incorporation Tokyo Seimitsu Co. Ltd., Amended June 20th, 2022
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03/30TOKYO SEIMITSU CO., LTD. : Ex-dividend day for final dividend
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Tokyo Seimitsu : Consolidated Financial Statements for the 3rd Quarter of the Fiscal Year Ending March 31st, 2022 (FY2022/3), Japan GAAP

02/02/2022 | 01:19am EDT
Stock Listing: First Section TSE
(URL: https://www.accretech.jp/) Tel: +81-(0)42-642-1701
(Millions of yen, rounded down)
February 2nd, 2022

Consolidated Financial Statements for the 3rd Quarter of the Fiscal Year Ending March 31st, 2022 (FY2022/3), Japan GAAP

Company Name Tokyo Seimitsu Co., Ltd.

ACCRETECH

Code number: 7729

Representative: Hitoshi Yoshida, President and CEO

Inquiries: Koichi Kawamura, Representative Director and CFO

Date of Quarterly Financial Statement Filing (planned) : February 4th, 2022

Dividend Payment Date (planned): -

Supplementary Document for Quarterly Financial Results : Yes

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

1. Consolidated Results for Accumulated 3rd quarter (April 1st - December 31st, 2021)

(1) Consolidated sales and earnings (Percentage figures represent changes from the accumulated 3rd quarter of 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)

FY2022/3 3Q

93,445

40.1%

19,252

106.6%

19,569

109.3%

14,384

107.2%

FY2021/3 3Q

66,709

3.9%

9,317

3.9%

9,352

2.0%

6,942

6.1%

Note: Comprehensive Income in FY2022/3 3Q 14,992 million yen (142.5%), in FY2021/3 3Q: 6,183 million yen (7.2%)

Net Profit per Share (Yen)

Net Profit per Share (diluted)

(Yen)

FY2022/3 3Q

351.95

348.58

FY2021/3 3Q

167.01

165.70

(2) Consolidated financial position

Total Assets (Millions of Yen)

Net Assets (Millions of Yen)

Equity Ratio

FY2022/3 3Q

181,025

123,616

67.5%

FY2021/3

161,556

116,777

71.4%

Note: Equity in FY2022/3 3Q: 122,105 million yen, in FY2021/3: 115,368 million yen

2. Dividends

Per Share Dividend in Fiscal Year

Q1 End

Q2 End

Q3 End

Q4 End

Total

Yen

Yen

Yen

Yen

Yen

FY2021/3

-

42.00

-

62.00

104.00

FY2022/3

-

84.00

FY2022/3

-

84.00

168.00

(Projected)

Note: Changes due to revision of dividend

projection: No

3. Forecast for FY2022/3 (April 1st, 2021 - March 31st, 2022)

(% 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)

Full Year

128,000

31.8%

26,500

70.1%

26,500

66.8%

19,300

58.6%

470.70

Note: Changes

due to revision of forecast: No

  • Notes
  1. Significant changes in subsidiaries during the term under review: 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.: Yes
    2. Changes other than 1): No
    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 shares):
  2. Number of treasury shares at the end of period:
  3. Average Number of shares outstanding during the period:

FY2022/3 3Q

41,857,781

shares

FY2021/3

41,759,981

shares

FY2022/3 3Q

1,222,891

shares

FY2021/3

715,164

shares

FY2022/3 3Q

40,870,900

shares

FY2021/3 3Q

41,569,367

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 3rd Quarter of FY2022/3

Contents of supplementary statement

1. Qualitative information on Business Performance for 3rd Quarter of FY2022/3.......................................

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 3rd Quarter of FY2022/3

1. Qualitative information on Business Performance for 3rd Quarter of FY2022/3

(1) Overview of Business Performance

In the accumulated 3rd Quarter ending March 2022 (FY2022/3), although the global economy continued to be greatly affected by the spread of COVID-19, there were signs of recovery in Japan, the U.S., Europe, and other countries due to efforts to normalize economic activities. On the other hand, the impact on the supply of various products continues to be unpredictable due to the continued shortage of supply of materials, mainly semiconductors and electronic components, as well as the stagnation of some logistics.

Under these circumstances, consolidated orders in the accumulated 3rd quarter of Fiscal Year 2022/3 (April 1st, 2021 - December 31st, 2021) were ¥145,209 million yen (up 94.3% YoY), Sales were ¥93,445 million (up 40.1% YoY), Operating Profit was ¥19,252 million (up 106.6% YoY), Recurring Profit was ¥19,569 million (up 109.3% YoY), and Net Profit Attributable to Owners of the Parent was ¥14,384 million (up 107.2% YoY).

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

[Semiconductor Production Equipment (SPE) Segment]

In the SPE business segment, demand for production equipment was firm, mainly for server and communication related logic devices, memory devices, power semiconductors, display driver ICs, and for expansion of raw wafer production. In addition, demand from China, which is promoting the domestic production of semiconductor devices, remained at a high level, and as a result, orders received during the same period reached a new peak.

In response to these conditions, production and shipments were at high levels as well.

As a result, Orders for our SPE segment in the same period was ¥119,115 million (up 107.1% YoY), Sales was ¥72,400 million (up 49.2% YoY), and Operating Profit was ¥16,629 million (up 102.6% YoY).

[Metrology Equipment Segment]

In the Metrology segment, demand from the automotive industry, our main user, is on a gradual recovery trend, and there was also a recovery trend in demand for measurement for machinery and machine parts applications, such as SPE, and for robot applications. As a result of these circumstances, both orders received and net sales increased YoY.

As a result, Orders for our Metrology Equipment segment in the same period was ¥26,094 million (up 51.7% YoY), Sales was ¥21,045 million (up 15.7% YoY) and Operating Profit was ¥2,623 million (up 136.3% YoY).

2

Tokyo Seimitsu Co., Ltd. (7729)

Consolidated Financial Statements for 3rd Quarter of FY2022/3

(2) Analysis of Financial Position

[Assets, Liabilities and Net Assets]

Total Assets as at December 31st, 2021 amounted to ¥181,025 million, an increase of ¥19,469 million from the end of FY2021/3. The major factors behind this change include increases in Inventories including finished goods, Raw materials and supplies and Work in progress of ¥8,234 million, in Tangible fixed assets of ¥6,805 million, in accounts receivable such as Notes and accounts, contract assets, and electronically recorded monetary claims of ¥2,393 million, and in Cash and cash equivalents of ¥1,693 million.

Total Liabilities increased by ¥12,630 million to ¥57,409 million. This was mainly from an increase in accounts payable such as Notes and accounts payable and electronically recorded obligations-operating of ¥9,017 million, and decreases in Long-term debt of ¥2,000 million and Income taxes payable of ¥1,793 million.

Net Assets increased by ¥6,838 million and totaled ¥123,616 million; the Equity Ratio came to 67.5%.

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

There are no revisions to the Consolidated Business Forecasts for Fiscal Year 2022/3 previously announced on November 2nd, 2021.

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

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Disclaimer

Tokyo Seimitsu Co. Ltd. published this content on 02 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2022 06:18:26 UTC.


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Sales 2022 130 B 961 M 961 M
Net income 2022 19 942 M 148 M 148 M
Net cash 2022 31 134 M 230 M 230 M
P/E ratio 2022 9,37x
Yield 2022 3,71%
Capitalization 186 B 1 379 M 1 379 M
EV / Sales 2022 1,20x
EV / Sales 2023 0,95x
Nbr of Employees 2 354
Free-Float 90,5%
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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
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