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, 2020 (IFRS)
August 13, 2020
Company name: TORIDOLL Holdings Corporation
Stock exchange listing: Tokyo Stock Exchange
Stock code: 3397
URL: https://www.toridoll.com
Representative: Takaya Awata, President, Representative Director
Inquiries: Satoshi Yamaguchi, General Manager Finance Department
TEL: +81-3-4221-8900
Date of release of quarterly securities report: August 13, 2020
Starting date of dividend payments: -
Preparation of explanatory materials on quarterly financial results: Yes
Information meetings arranged related to quarterly financial results: No
(Amounts are rounded to the nearest million) | |||||||||||||||
1. Consolidated Financial Results for the Three Months Ended June 30, 2020 | |||||||||||||||
(1) Consolidated Operating Results | (% figures denote year-on-year change) | ||||||||||||||
Total trading | Business profit | Operating profit | Profit before tax | Profit for the | |||||||||||
transactions | period | ||||||||||||||
Millions | % | Millions | % | Millions | % | Millions | % | Millions | % | ||||||
of yen | of yen | of yen | of yen | of yen | |||||||||||
Three months ended | |||||||||||||||
27,294 | (30.4) | (4,193) | ― | (3,550) | ― | (3,922) | ― | (2,602) | ― | ||||||
June 30, 2020 | |||||||||||||||
Three months ended | 39,212 | 10.8 | 2,431 | 8.8 | 2,051 | (8.4) | 1,369 | (39.2) | 912 | (42.4) | |||||
June 30, 2019 | |||||||||||||||
Profit for the period | Comprehensive income | Earnings per share | Earnings per share | ||||||||||||
attributable to owners | attributable to owners | attributable to owners of | |||||||||||||
for the period | |||||||||||||||
of the parent | of the parent (basic) | the parent (diluted) | |||||||||||||
Millions of | % | Millions of | % | Yen | Yen | ||||||||||
yen | yen | ||||||||||||||
Three months ended | |||||||||||||||
(2,614) | ― | (3,140) | ― | (31.43) | (31.43) | ||||||||||
June 30, 2020 | |||||||||||||||
Three months ended | 909 | (42.4) | 216 | (90.2) | 10.68 | 10.65 | |||||||||
June 30, 2019 | |||||||||||||||
(Reference) EBITDA (*) |
Three months ended June 30, 2020: ¥ 394 million (decreased 94.6% year-on-year basis)
Three months ended June 30, 2019: ¥ 7,277 million
Adjusted EBITDA
Three months ended June 30, 2020: ¥ 937 million (decreased 87.1% year-on-year basis)
Three months ended June 30, 2019: ¥ 7,292 million
(*) The Company discloses EBITDA as comparative information.
EBITDA = Operating Profit + Other Operating Expenses - Other Operating Income + Depreciation + Amortization
Adjusted EBITDA = EBITDA + Impairment Loss + Extraordinary Expenses
Note: With an effective date of April 1, 2020, the company performed a 2-for-1 stock split of its common stock. The company calculated "Earnings per share attributable to owners of the parent (basic)" and "Earnings per share attributable to owners of the parent (diluted)" assuming that the stock split was implemented with an effective date of April 1, 2019.
(2) Consolidated Financial Position
Equity | Equity | Equity per | |||
share | |||||
attributable to | attributable to | ||||
Total assets | Total equity | attributable to | |||
owners of | owners of | ||||
owners of | |||||
parent | parent ratio | ||||
parent | |||||
Millions of yen | Millions of yen | Millions of yen | % | Yen | |
As of June 30, 2020 | 208,800 | 42,727 | 41,889 | 20.1 | 485.52 |
As of March 31, 2020 | 209,978 | 46,565 | 45,427 | 21.6 | 532.32 |
Note: With an effective date of April 1, 2020, the company performed a 2-for-1 stock split of its common stock. The company calculated "Equity per share attributable to owners of parent" assuming that the stock split was implemented with an effective date of April 1, 2019.
2. Dividends
Annual dividend per share | ||||||||||
Q1 | Q2 | Q3 | Year-end | Total | ||||||
Yen | Yen | Yen | Yen | Yen | ||||||
Fiscal Year ended March 31, 2020 | ― | 0.00 | ― | 12.50 | 12.5 | |||||
Fiscal Year ended March 31, 2021 | ― | |||||||||
Fiscal Year ending March 31, 2021 | 0.00 | ― | 6.25 | 6.25 | ||||||
(Forecast) | ||||||||||
Note: With an effective date of April 1, 2020, the company performed a 2-for-1 stock split of its common stock. For dividends for the years ended March 31, 2020, the above dividends paid show the actual amounts prior to the stock split. The dividend for the year ending March 31, 2021 (Forecast) reflects the stock split.
3. Consolidated Financial Result Forecasts for the Fiscal Year Ending March 31, 2021
Percentages indicate year-on-year changes
Total trading | Business profit | Operating profit | Profit before tax | Profit for the | |||||||||
transactions | period | ||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||
1st half | 60,700 | (24.1) | (4,300) | ― | (4,600) | ― | (5,400) | ― | (3,800) | ― | |||
Fiscal year | 148,200 | (5.3) | 5,000 | (43.7) | 200 | (95.4) | (1,400) | ― | (800) | ― | |||
Profit for the period | Earnings per share | ||||||||||||
attributable to owners of | attributable to owners | ||||||||||||
the parent | of the parent (basic) | ||||||||||||
Millions of yen | % | Yen | |||||||||||
1st half | (3,700) | ― | (44.96) | ||||||||||
Fiscal year | (700) | ― | (12.24) |
- Notes
-
Changes in significant subsidiaries during the period
(changes in specified subsidiaries resulting in the change in scope consolidation): No
New: -
Excluded: - - Changes in accounting policies and accounting estimates
- Changes in accounting policies as required by IFRS: No
- Changes in accounting policies other than 1) above: Yes
- Changes in accounting estimates: No
(3) Number of shares outstanding (ordinary shares)
1) Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2020 | 87,145,352 shares | |
2) | As of March 31, 2020 | 87,143,352 shares |
Number of treasury shares at the end of the period | ||
As of June 30, 2020 | 869,018 shares | |
3) | As of March 31, 2020 | 1,805,644 shares |
Average number of shares during the period | ||
Three months ended June 30, 2020 | 86,239,221 shares | |
Three months ended June 30, 2019 | 85,151,792 shares |
Note: With an effective date of April 1, 2020, the company performed a 2-for-1 stock split of its common stock. The company calculated the above three numbers of shares assuming that the stock split was implemented with an effective date of April 1, 2019.
*Summary quarterly financial statements are not subject to quarterly review by a public certified accountant or an auditing firm.
-
Appropriate use of financial results forecasts and other notes
The forward-looking statements in this report are based upon various assumptions, including, without limitation, business forecasts, management's estimates, assumptions, and projections at the time of publication. These statements do not represent a promise or commitment by the Company to achieve these forecasts. Actual results may differ significantly from these forecasts due to a wide range of factors.
Condensed Quarterly Consolidated Financial Statements
Condensed Quarterly Consolidated Statements of Financial Position
(Millions of yen) | |||
As of March 31, 2020 | As of June 30, 2020 | ||
Assets | |||
Current assets | |||
Cash and cash equivalents | 25,801 | 20,751 | |
Trade and other receivables | 3,967 | 5,681 | |
Inventories | 836 | 819 | |
Other current assets | 1,931 | 1,844 | |
Total current assets | 32,536 | 29,095 | |
Non-current assets | |||
Property, plant and equipment | 34,581 | 32,009 | |
Right-of-use assets | 78,773 | 82,452 | |
Intangible assets and goodwill | 40,257 | 39,835 | |
Investments accounted for using the equity method | 4,770 | 4,499 | |
Other financial assets | 14,698 | 15,023 | |
Deferred tax assets | 3,464 | 5,013 | |
Other non-current assets | 900 | 874 | |
Total non-current assets | 177,443 | 179,705 | |
Total assets | 209,978 | 208,800 | |
- 1 -
(Millions of yen) | |||
As of March 31, 2020 | As of June 30, 2020 | ||
Liabilities | |||
Current liabilities | |||
Trade and other payables | 10,855 | 10,364 | |
Short-term loans payable | 29 | 4,023 | |
Current portion of long-term loans payable | 12,424 | 12,249 | |
Lease liabilities | 13,625 | 15,183 | |
Income taxes payable | 794 | 843 | |
Provisions | 727 | 657 | |
Other current liabilities | 4,240 | 4,709 | |
Total current liabilities | 42,694 | 48,028 | |
Non-current liabilities | |||
Long-term loans payable | 45,578 | 43,044 | |
Lease liabilities | 70,079 | 69,709 | |
Provisions | 2,807 | 3,132 | |
Deferred tax liabilities | 1,475 | 1,433 | |
Other non-current liabilities | 780 | 726 | |
Total non-current liabilities | 120,719 | 118,045 | |
Total liabilities | 163,414 | 166,073 | |
Equity | |||
Equity attributable to owners of the parent | |||
Capital stock | 4,159 | 4,161 | |
Capital surplus | 3,848 | 3,046 | |
Other equity instruments | 10,847 | 10,847 | |
Retained earnings | 29,503 | 26,162 | |
Treasury shares | (2,124) | (1,025) | |
Other components of equity | (806) | (1,303) | |
Total equity attributable to owners of the parent | 45,427 | 41,889 | |
Non-controlling interests | 1,138 | 838 | |
Total equity | 46,565 | 42,727 | |
Total liabilities and equity | |||
209,978 | 208,800 | ||
- 2 -
Condensed Quarterly Consolidated Statements of Income
(Millions of yen) | ||
Three months ended | Three months ended | |
June 30, 2019 | June 30, 2020 | |
Total trading transactions | 39,212 | 27,294 |
Cost of sales | (10,376) | (7,129) |
Gross profit | 28,836 | 20,165 |
Selling, general and administrative expenses | (26,405) | (24,358) |
Impairment loss | (12) | (543) |
Other operating income | 228 | 1,435 |
Other operating expenses | (596) | (249) |
Operating profit (loss) | ||
2,051 | (3,550) | |
Finance income | ||
55 | 48 | |
Finance costs | (469) | (296) |
Finance income (costs), net | (414) | (247) |
Share of profit (loss) of investments accounted for using | ||
(268) | (124) | |
the equity method | ||
Profit (loss) before tax | 1,369 | (3,922) |
Income tax expense | (457) | 1,319 |
Profit (loss) for the period | ||
912 | (2,602) | |
Profit (loss) for the period attributable to | ||
Owners of the parent | 909 | (2,614) |
Non-controlling interests | 2 | 12 |
Profit (loss) for the period | 912 | (2,602) |
Earnings (losses) per share attributable to owners of the | ||
parent (yen) | ||
Basic earnings (losses) per share | 10.68 | (31.43) |
Diluted earnings (losses) per share | 10.65 | (31.43) |
- 3 -
Condensed Quarterly Consolidated Statements of Comprehensive Income
(Millions of yen) | ||
Three months ended | Three months ended | |
June 30, 2019 | June 30, 2020 | |
Profit (loss) for the period | 912 | (2,602) |
Other comprehensive income | ||
Items that may be reclassified to profit or loss | ||
Exchange differences on translating foreign | (762) | (367) |
operations | ||
Share of other comprehensive income of | 67 | (171) |
investments accounted for using the equity method | ||
Other comprehensive income | (695) | (538) |
Comprehensive income for the period | ||
216 | (3,140) | |
Comprehensive income for the period attributable to | ||
Owners of the parent | 230 | (3,134) |
Non-controlling interests | (14) | (6) |
- 4 -
Condensed Quarterly Consolidated Statements of Changes in Equity
For the three months ended June 30, 2019
(Millions of yen)
Equity attributable to owners of the parent | |||||||||||
Other components of equity | Non- | ||||||||||
Capital | Capital | Retained | Treasury | Exchange | controlling | Total equity | |||||
differences | Subscription | ||||||||||
Total | interests | ||||||||||
stock | surplus | earnings | shares | on | rights to | Total | |||||
translating | |||||||||||
shares | |||||||||||
foreign | |||||||||||
operations | |||||||||||
As of April 1, 2019 | 4,076 | 4,085 | 28,477 | (2,143) | (894) | 378 | (516) | 33,979 | 1,024 | 35,003 | |
Cumulative | effect of | ||||||||||
changes in | accounting | (880) | - | (880) | (880) | ||||||
policies | |||||||||||
Restated balance | 4,076 | 4,085 | 27,597 | (2,143) | (894) | 378 | (516) | 33,099 | 1,024 | 34,123 | |
Profit for the period | 909 | - | 909 | 2 | 912 | ||||||
Other comprehensive | (679) | (679) | (679) | (16) | (695) | ||||||
income | |||||||||||
Total comprehensive | - | - | 909 | - | (679) | - | (679) | 230 | (14) | 216 | |
income for the period | |||||||||||
Issuance of new shares | |||||||||||
(exercise of subscription | 29 | 29 | (19) | (19) | 39 | 39 | |||||
rights) | |||||||||||
Share-based payment | 0 | 27 | 27 | 28 | 28 | ||||||
transactions | |||||||||||
Purchase and disposal of | 12 | - | 12 | 12 | |||||||
treasury shares | |||||||||||
Dividends | (64) | - | (64) | (64) | |||||||
Other | (11) | - | (11) | (11) | |||||||
Total transaction | 30 | 19 | (64) | 12 | - | 8 | 8 | 4 | - | 4 | |
amount with owners | |||||||||||
Transfer to retained | |||||||||||
earnings from other | 10 | (10) | (10) | - | - | ||||||
components of equity | |||||||||||
As of June 30, 2019 | 4,106 | 4,104 | 28,452 | (2,131) | (1,573) | 376 | (1,197) | 33,334 | 1,009 | 34,343 | |
- 5 -
For the three months ended June 30, 2020
(Millions of yen)
Equity attributable to owners of the parent | |||||||||||
Other components of equity | Non- | ||||||||||
Capital | Capital | Exchange | controlling | Total equity | |||||||
Other equity | Retained | Treasury | differences | ||||||||
Subscription | Total | interests | |||||||||
stock | surplus | instruments | earnings | shares | on | rights to | Total | ||||
translating | |||||||||||
shares | |||||||||||
foreign | |||||||||||
operations | |||||||||||
As of April 1, 2020 | 4,159 | 3,848 | 10,847 | 29,503 | (2,124) | (1,224) | 418 | (806) | 45,427 | 1,138 | 46,565 |
Profit (loss) for the | (2,614) | - | (2,614) | 12 | (2,602) | ||||||
period | |||||||||||
Other comprehensive | (520) | (520) | (520) | (17) | (538) | ||||||
income | |||||||||||
Total comprehensive | - | - | - | (2,614) | - | (520) | - | (520) | (3,134) | (6) | (3,140) |
income for the period | |||||||||||
Issuance of new shares | |||||||||||
(exercise of subscription | 1 | 1 | (0) | (0) | 2 | 2 | |||||
rights) | |||||||||||
Share-based payment | 0 | 0 | 24 | 24 | 25 | 25 | |||||
transactions | |||||||||||
Purchase and disposal of | (0) | 1,100 | - | 1,100 | 1,100 | ||||||
treasury shares | |||||||||||
Dividends | (533) | - | (533) | (533) | |||||||
Distribution to owners of | (194) | - | (194) | (194) | |||||||
other equity instruments | |||||||||||
Change in ownership | |||||||||||
interests in subsidiaries | (804) | - | (804) | (294) | (1,097) | ||||||
without loss of control | |||||||||||
Total transaction | 2 | (802) | - | (727) | 1,100 | - | 23 | 23 | (404) | (294) | (697) |
amount with owners | |||||||||||
As of June 30, 2020 | 4,161 | 3,046 | 10,847 | 26,162 | (1,025) | (1,744) | 442 | (1,303) | 41,889 | 838 | 42,727 |
- 6 -
Condensed Quarterly Consolidated Statements of Cash Flows
(Millions of yen) | |||
Three months ended | Three months ended | ||
June 30, 2019 | June 30, 2020 | ||
Cash flows from operating activities | |||
Profit (loss) before tax | 1,369 | (3,922) | |
Depreciation and amortization | 4,858 | 5,130 | |
Impairment loss | 12 | 543 | |
Interest income | (55) | (48) | |
Interest expenses | 262 | 257 | |
Share of loss (profit) of investments accounted for using | 268 | 124 | |
the equity method | |||
Decrease (increase) in trade and other receivables | (359) | (1,251) | |
Decrease (increase) in inventories | (152) | 14 | |
Increase (decrease) in trade and other payables | 1,083 | 408 | |
Other, net | 473 | 36 | |
Subtotal | |||
7,759 | 1,293 | ||
Interest income received | |||
30 | 94 | ||
Interest expenses paid | (184) | (259) | |
Income taxes paid | (464) | (163) | |
Net cash provided by (used in) operating activities | |||
7,141 | 965 | ||
Cash flows from investing activities | |||
Purchase of property, plant and equipment | (2,894) | (2,733) | |
Purchase of intangible assets | (75) | (2) | |
Payments for lease and guarantee deposits | (152) | (112) | |
Proceeds from collection of lease and guarantee deposits | 153 | 106 | |
Payments of construction assistance fund receivables | (99) | (79) | |
Collection of construction assistance fund receivables | 141 | 124 | |
Other, net | (398) | (201) | |
Net cash provided by (used in) investing activities | (3,324) | (2,897) | |
Cash flows from financing activities | |||
Net increase (decrease) in short-term loans payable | (35) | 3,994 | |
Proceeds from long-term loans payable | 11,122 | 321 | |
Repayments of long-term loans payable | (2,779) | (3,030) | |
Repayments of lease liabilities | (3,169) | (3,651) | |
Cash dividends paid | (64) | (533) | |
Distribution to owners of other equity instruments | - | (279) | |
Other, net | 16 | 2 | |
Net cash provided by (used in) financing activities | |||
5,091 | (3,177) | ||
Net increase (decrease) in cash and cash equivalents | 8,908 | (5,108) | |
Cash and cash equivalents at beginning of period | 14,398 | 25,801 | |
Effect of exchange rate change on cash and cash | |||
(145) | 59 | ||
equivalents | |||
Cash and cash equivalents at end of period | 23,160 | 20,751 | |
- 7 -
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Disclaimer
Toridoll Holdings Corporation published this content on 18 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2020 01:02:01 UTC