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 Year Ended March 31, 2021 | ||||||||||||
(Based on Japanese GAAP) | ||||||||||||
April 27, 2021 | ||||||||||||
Company name: | TRANCOM CO.,LTD. | |||||||||||
Stock exchange listing: Tokyo, Nagoya | ||||||||||||
Stock code: | 9058 | URL https://www.trancom.co.jp/ir/ | ||||||||||
Representative: | President | Yutaka Tsunekawa | ||||||||||
Inquiries: | Manager / Finance & Accounting Group | Toshiki Ikeda | TEL (052)939-2011 | |||||||||
Scheduled date of ordinary general meeting of shareholders: | June 17, 2021 | |||||||||||
Scheduled date to file Securities Report: | June 18, 2021 | |||||||||||
Scheduled date to commence dividend payments: | June 18, 2021 | |||||||||||
Preparation of supplementary material on financial results: | Yes | |||||||||||
Holding of financial results meeting: | Yes | |||||||||||
(Amounts less than one million yen are rounded down) | ||||||||||||
1. Consolidated financial results for the year ended March 31, 2021 (from April 1, 2020 to March 31, 2021) | ||||||||||||
(1) Consolidated operating results | 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 | % | |||||
Year ended March 31, 2021 | 152,285 | (6.8) | 8,243 | 9.0 | 8,401 | 13.3 | 5,730 | 16.7 | ||||
Year ended March 31, 2020 | 163,463 | 8.2 | 7,566 | 12.4 | 7,417 | 11.5 | 4,909 | 13.4 | ||||
Earnings per share | Diluted earnings per Profit attributable to | Ordinary profit/total Operating profit/net | ||||||||||
share | owners of | assets | sales | |||||||||
parent/equity | ||||||||||||
Yen | Yen | % | % | % | ||||||||
Year ended March 31, 2021 | 585.54 | 584.04 | 14.2 | 13.4 | 5.4 | |||||||
Year ended March 31, 2020 | 501.75 | 500.47 | 13.6 | 13.2 | 4.6 | |||||||
(2) Consolidated financial position | ||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | |||||||||
Millions of yen | Millions of yen | % | Yen | |||||||||
As of March 31, 2021 | 65,613 | 43,276 | 65.4 | 4,383.19 | ||||||||
As of March 31, 2020 | 59,545 | 38,250 | 63.7 | 3,878.18 | ||||||||
(3) Consolidated cash flows | Cash flows from | Cash flows from | Cash flows from | Cash and cash equivalents | ||||||||
operating activities | investing activities | financing activities | at end of period | |||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | |||||||||
Year ended March 31, 2021 | 8,808 | (1,851) | (1,520) | 19,973 | ||||||||
Year ended March 31, 2020 | 7,287 | (5,141) | (1,243) | 14,575 | ||||||||
2. Cash dividends | ||||||||||||
Annual dividends per share | Total cash | Dividend payout | Ratio of dividends | |||||||||
to net assets | ||||||||||||
dividends (Total) | ratio (Consolidated) | |||||||||||
1st quarter-end 2nd quarter-end | 3rd quarter-end Fiscal year-end | Total | (Consolidated) | |||||||||
Yen | Yen | Yen | Yen | Yen Millions of yen | % | % | ||||||
Year ended March 31, 2020 | - | 52.00 | - | 52.00 | 104.00 | 1,025 | 20.7 | 2.8 | ||||
Year ended March 31, 2021 | - | 55.00 | - | 60.00 | 115.00 | 1,135 | 19.6 | 2.8 | ||||
Year ending March 31, 2022 | - | 62.00 | - | 62.00 | 124.00 | 22.2 | ||||||
(Forecast) | ||||||||||||
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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 | ||||||||||||||
Six months ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |||||
78,830 | 8.5 | 3,670 | 2.2 | 3,720 | 1.5 | 2,460 | (4.0) | 251.28 | ||||||
September 30, 2021 | ||||||||||||||
Full year | 163,470 | 7.3 | 8,250 | 0.1 | 8,280 | (1.4) | 5,470 | (4.5) | 558.75 | |||||
4. Notes | ||||||||||||||
(1) Changes in significant subsidiaries during the year ended March 31, 2021 | No | |||||||||||||
(changes in specified subsidiaries resulting in the change in scope of consolidation): | ||||||||||||||
(2) 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: | No | |||||||||||||
Changes in accounting policies due to other reasons: | No | |||||||||||||
Changes in accounting estimates: | No | |||||||||||||
Restatement of prior period financial statements: | No | |||||||||||||
(3) Number of issued shares (common shares) | ||||||||||||||
Total number of issued shares at the end of the period (including treasury shares) | ||||||||||||||
As of March 31, 2021 | 10,324,150 shares | As of March 31, 2020 | 10,324,150 shares | |||||||||||
Number of treasury shares at the end of the period | ||||||||||||||
As of March 31, 2021 | 534,530 shares | As of March 31, 2020 | 539,687 shares | |||||||||||
Average number of shares during the period | ||||||||||||||
Year ended March 31, 2021 | 9,786,575 shares | Year ended March 31, 2020 | 9,784,269 shares |
2
Consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of March 31, 2020 | As of March 31, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 14,575 | 19,973 | |
Notes and accounts receivable - trade | 21,421 | 21,223 | |
Electronically recorded monetary claims - operating | 3,767 | 3,672 | |
Merchandise | 39 | 14 | |
Work in process | 1 | 2 | |
Supplies | 18 | 14 | |
Prepaid expenses | 615 | 655 | |
Other | 129 | 307 | |
Allowance for doubtful accounts | (0) | (0) | |
Total current assets | 40,568 | 45,864 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures | 8,112 | 9,443 | |
Accumulated depreciation | (4,694) | (4,917) | |
Buildings and structures, net | 3,418 | 4,526 | |
Machinery, equipment and vehicles | 6,193 | 6,617 | |
Accumulated depreciation | (4,687) | (5,195) | |
Machinery, equipment and vehicles, net | 1,506 | 1,422 | |
Land | 2,991 | 2,871 | |
Leased assets | 2,396 | 2,439 | |
Accumulated depreciation | (1,540) | (1,688) | |
Leased assets, net | 855 | 751 | |
Right-of-use assets | 656 | 1,496 | |
Accumulated depreciation Right-of-use assets | (105) | (314) | |
Right-of-use assets,net | 550 | 1,182 | |
Construction in progress | 1,671 | 489 | |
Other | 1,377 | 1,565 | |
Accumulated depreciation | (893) | (1,061) | |
Other, net | 483 | 504 | |
Total property, plant and equipment | 11,477 | 11,747 | |
Intangible assets | |||
Goodwill | 892 | 756 | |
Software | 1,330 | 1,339 | |
Software in progress | 356 | 297 | |
Customer Relationship | 457 | 373 | |
Other | 162 | 158 | |
Total intangible assets | 3,198 | 2,926 | |
Investments and other assets | |||
Investment securities | 1,841 | 2,598 | |
Deferred tax assets | 699 | 586 | |
Deferred tax assets for land revaluation | - | 19 | |
Guarantee deposits | 1,566 | 1,685 | |
Other | 209 | 198 | |
Allowance for doubtful accounts | (16) | (13) | |
Total investments and other assets | 4,300 | 5,075 | |
Total non-current assets | 18,976 | 19,749 | |
Total assets | 59,545 | 65,613 |
3
(Millions of yen) | |||
As of March 31, 2020 | As of March 31, 2021 | ||
Liabilities | |||
Current liabilities | |||
Accounts payable - trade | 12,500 | 12,135 | |
Lease obligations | 447 | 629 | |
Accounts payable - other | 714 | 736 | |
Accrued expenses | 1,342 | 1,365 | |
Income taxes payable | 1,324 | 1,545 | |
Accrued consumption taxes | 998 | 1,624 | |
Provision for bonuses | 643 | 635 | |
Other | 373 | 322 | |
Total current liabilities | 18,344 | 18,995 | |
Non-current liabilities | |||
Lease obligations | 1,275 | 1,589 | |
Deferred tax liabilities | 96 | 96 | |
Deferred tax liabilities for land revaluation | 11 | - | |
Provision for stocks payment | 257 | 284 | |
Provision for share awards for directors (and other | 249 | 301 | |
officers) | |||
Retirement benefit liability | 106 | 104 | |
Asset retirement obligations | 576 | 593 | |
Other | 377 | 372 | |
Total non-current liabilities | 2,950 | 3,342 | |
Total liabilities | 21,294 | 22,337 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 1,080 | 1,080 | |
Capital surplus | 1,740 | 1,796 | |
Retained earnings | 36,175 | 40,921 | |
Treasury shares | (1,044) | (1,072) | |
Total shareholders' equity | 37,951 | 42,725 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 165 | 485 | |
Revaluation reserve for land | 26 | (44) | |
Foreign currency translation adjustment | (186) | (248) | |
Remeasurements of defined benefit plans | (11) | (8) | |
Total accumulated other comprehensive income | (5) | 184 | |
Share acquisition rights | 104 | 104 | |
Non-controlling interests | 199 | 261 | |
Total net assets | 38,250 | 43,276 | |
Total liabilities and net assets | 59,545 | 65,613 |
4
Consolidated statements of income and consolidated statements of comprehensive income
(Millions of yen) | ||
Fiscal year ended | Fiscal year ended | |
March 31, 2020 | March 31, 2021 | |
Net sales | 163,463 | 152,285 |
Cost of sales | 153,172 | 141,306 |
Gross profit | 10,290 | 10,979 |
Selling, general and administrative expenses | 2,724 | 2,735 |
Operating profit | 7,566 | 8,243 |
Non-operating income | ||
Interest and dividend income | 22 | 27 |
Share of profit of entities accounted for using equity method | 42 | 61 |
Subsidy income | 4 | 271 |
Other | 29 | 75 |
Total non-operating income | 98 | 436 |
Non-operating expenses | ||
Interest expenses | 104 | 116 |
Loss on retirement of non-current assets | 32 | 15 |
Loss on sale of non-current assets | 2 | 29 |
Bad debt expenses | 42 | 5 |
Other | 64 | 112 |
Total non-operating expenses | 247 | 278 |
Ordinary profit | 7,417 | 8,401 |
Extraordinary losses | ||
Compensation expenses | 25 | - |
Total extraordinary losses | 25 | - |
Profit before income taxes | 7,391 | 8,401 |
Income taxes - current | 2,503 | 2,682 |
Income taxes - deferred | (77) | (85) |
Total income taxes | 2,426 | 2,596 |
Profit | 4,965 | 5,804 |
Profit attributable to | ||
Profit attributable to owners of parent | 4,909 | 5,730 |
Profit attributable to non-controlling interests | 56 | 74 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 51 | 320 |
Revaluation reserve for land | - | (70) |
Foreign currency translation adjustment | (12) | (73) |
Remeasurements of defined benefit plans, net of tax | (9) | 2 |
Total other comprehensive income | 29 | 179 |
Comprehensive income | 4,995 | 5,984 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 4,933 | 5,920 |
Comprehensive income attributable to non-controlling interests | 61 | 63 |
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Trancom Co. Ltd. published this content on 28 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2021 16:06:06 UTC.