Consolidated Financial Report for the First Quarter Ended June 30, 2020
July 31, 2020 | |
Company name: | Ube Industries, Ltd. |
Representative: | Masato Izumihara, |
President and Representative Director | |
Security code: | 4208 (shares listed on First Section of Tokyo |
Stock Exchange and Fukuoka Stock Exchange) | |
URL: | http://www.ube.co.jp/ |
Contact: | Hirotaka Ishikawa, General Manager, |
Finance & Investor Relations Department | |
Tel: +81-3-5419-6116 | |
(Amounts rounded to the nearest million yen) |
1. Consolidated Financial Results for the First Quarter Ended June 30, 2020 (From April 1, 2020 to June 30, 2020)
(1) Consolidated Operating Results | (% indicates the rate of increase / decrease to the same period of previous year) | ||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||
owners of parent | |||||||||||
April - June 2020 | 136,108 | (17.5)% | (664) | - | (1,291) | - | (1,331) | - | |||
April - June 2019 | 165,058 | (2.4)% | 7,318 | 19.7% | 7,737 | (24.5)% | 4,541 | (34.4)% | |||
(Note) Comprehensive Income: | From April 1, 2020 to June 30, 2020: | 1,640 Million Yen | (51.8)% | ||||||||
From April 1, 2019 to June 30, 2019: | 3,403 Million Yen | (27.8)% | |||||||||
Net income | Diluted net income | ||||||||||
per share (Yen) | per share (Yen) | ||||||||||
April - June 2020 | (13.16) | - | |||||||||
April - June 2019 | 44.94 | 44.80 | |||||||||
(2) Consolidated Financial Position | |||||||||||
Total assets | Net assets | Shareholders' | |||||||||
equity ratio (%) | |||||||||||
June 30, 2020 | 725,043 | 351,337 | 45.4 | ||||||||
March 31, 2020 | 727,269 | 354,447 | 45.7 |
(Reference) Shareholders' equity: | As of June 30, 2020: | 329,186 Million Yen |
As of March 31, 2020: | 332,395 Million Yen |
[Shareholders' equity = Net assets - Share acquisition rights - Non-controlling interests]
2. Cash Dividends
Cash dividends per share (Yen) | |||||||||
First | Second | Third | Year end | Annual | |||||
quarter | quarter | quarter | |||||||
April 2019 | - March 2020 | - | 45.00 | - | 45.00 | 90.00 | |||
April 2020 | - March 2021 | - | |||||||
April 2020 | - March 2021 (Forecast) | 45.00 | - | 45.00 | 90.00 |
(Note) Revision of the latest forecast of cash dividends: Yes
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3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2021
(From April 1, 2020 to March 31, 2021)
(% indicates the rate of increase / decrease to the same period of previous year)
Net sales | Operating | Ordinary | Profit attributable to | Net income | |||||
profit | profit | owners of parent | per share(Yen) | ||||||
April - September 2020 | 293,000 | (12.6)% | 6,000 | (64.2)% | 4,000 | (76.0)% | 2,500 | (76.8)% | 24.73 |
April 2020 - March 2021 | 614,000 | (8.1)% | 26,000 | (23.6)% | 23,500 | (34.2)% | 14,000 | (39.1)% | 138.47 |
(Note) Revision of the latest forecast of consolidated financial results: No
(Notes)
(1) Changes in significant subsidiaries during the first quarter ended June 30, 2020: No
(Note) This item indicates whether there were changes in significant subsidiaries affecting the scope of consolidation during the first quarter ended June 30, 2020.
(2) Adoption of special accounting methods for presenting quarterly consolidated financial statements: Yes
(Note) For more details, please refer to "5. Consolidated Financial Statements (4) Notes to Quarterly Consolidated Financial Statements (Application of the special accounting methods for preparing the quarterly consolidated financial statements)".
-
Changes in accounting policies applied, changes in accounting estimates and retrospective restatement Changes in accounting policies applied due to revisions of accounting standards: No
Changes in accounting policies other than the above: No
Changes in accounting estimates: No
Retrospective restatement: No
(4)Number of shares outstanding (common stock) | ||
June 30, 2020 | March 31, 2020 | |
Numbers of shares outstanding at period end | 106,200,107 | 106,200,107 |
Numbers of shares of treasury stock at period end | 5,063,556 | 5,098,529 |
April - June 2020 | April - June 2019 | |
Weighted-average number of shares outstanding during period | 101,127,869 | 101,052,002 |
(Information regarding quarterly review procedures)
The financial information contained in this report is not subject to quarterly review procedures by independent auditors.
(Cautionary statement on forward-looking statements)
The performance forecast and other forward-looking statements contained in this material have been prepared on the basis of information available at this point and certain assumptions which are judged to be rational. It may be substantially different from the actual performance because of various factors such as economic conditions in key markets, supply and demand of products, the prices of raw material and fuel, interest rates, and exchange rates.
- 2 -
4. Qualitative Information on Operating Results
- Overview of Operating Results
During the current term, net sales of the Company Group decreased because the outbreak of COVID- 19 greatly affected its overall business performance, especially in the Chemical Segment. For example, sales volume of products for auto such as the synthetic rubbers and battery materials decreased and pricing of products such as nylon and caprolactam declined as well. Operating profit decreased despite the impact of falling coal prices because declines in product pricing such as nylon, caprolactam greatly affected overall business performance. In addition, non-operating income shrank due to worsening share of profit of entities accounted for using equity method and reduced dividend income, causing a decrease in both ordinary profit and profit attributable to owners of parent.
As a result, the Company Group reports its consolidated results during the current term as follows:
(Billions of yen) | ||||||||||
Item | Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||
owners of parent | ||||||||||
April - June 2020 ① | 136.1 | (0.6) | (1.2) | (1.3) | ||||||
April - June 2019 ② | 165.0 | 7.3 | 7.7 | 4.5 | ||||||
Difference ① - ② | (28.9) | (7.9) | (9.0) | (5.8) | ||||||
Percentage change | (17.5)% | - | - | - | ||||||
(2) Overview by Segment | ||||||||||
Net sales | (Billions of yen) | |||||||||
Segment | April - June 2020 | April - June 2019 | Difference | Percentage | ||||||
① | ② | ① - ② | Change | |||||||
Chemicals | 52.5 | 74.5 | (21.9) | (29.4)% | ||||||
Construction Materials | 69.1 | 75.4 | (6.2) | (8.3)% | ||||||
Machinery | 16.7 | 18.8 | (2.1) | (11.5)% | ||||||
Others | 0.7 | 1.1 | (0.4) | (39.5)% | ||||||
Adjustment | (3.1) | (4.9) | 1.8 | - | ||||||
Total | 136.1 | 165.0 | (28.9) | (17.5)% | ||||||
Operating profit | (Billions of yen) | |||||||||
Segment | April - June 2020 | April - June 2019 | Difference | Percentage | ||||||
① | ② | ① - ② | Change | |||||||
Chemicals | (2.7) | 4.6 | (7.4) | - | ||||||
Construction Materials | 1.9 | 2.3 | (0.3) | (15.8)% | ||||||
Machinery | 0.2 | 0.4 | (0.2) | (44.6)% | ||||||
Others | 0.0 | 0.1 | (0.0) | (68.4)% | ||||||
Adjustment | (0.1) | (0.2) | 0.1 | - | ||||||
Total | (0.6) | 7.3 | (7.9) | - |
- 3 -
Chemicals - Decreases in both net sales and operating profit
-
Engineering Plastics & Fine Chemicals
The Caprolactam Business recorded a decrease in net sales due to declines in product pricing after the outbreak of COVID-19, which caused market prices for raw materials such as crude oil and benzene to decrease.
The Nylon Business recorded a decrease in net sales because sales volume of products grew at a sluggish pace combined with falling product pricing due to weak market prices for caprolactam, as well as weakened demand for products such as those used in the automobile industry due to the outbreak of COVID-19.
The Industrial Chemicals Business recorded a sales decrease, due to decreases in production and shipment as the result of the once-every-two-year inspection in the ammonia product factory.
The Fine Chemicals Business recorded a decrease in net sales because sales volume of its products decreased, particularly the products for automobile, due to the outbreak of COVID-19.
Both net sales and operating profit decreased in the Engineering Plastics and Fine Chemicals Businesses
as a whole because the biennial inspection of the ammonia product factory was conducted and effects of the outbreak of COVID-19 such as declines in pricing of the products.
■The Synthetic Rubber Business recorded decreases in both net sales and operating profit due to drastically reduced shipment of the products mainly used for tires, as well as falling market prices.
■Specialty Products
The Battery Materials Business recorded a net sales decrease due to reduced sale volume caused by harsher competition in the Chinese market and shrinking demand for products used in the automobile industry due to the outbreak of COVID-19.
The Polyimide Business recorded an increase in net sales, because sales volume of the COF films mainly used on displays remained stable and expansion of demand for varnish used for organic EL panels drove an increase in sale volume.
Both net sales and operating profit decreased in the Specialty Products Business as a whole because sluggish sales in the Battery Materials Business greatly affected it overall.
■The Pharmaceutical Business recorded decreases in both net sales and operating profit because product shipment was sluggish in comparison with the same period of the previous fiscal year when sales of both drugs developed by UBE and those manufactured under contract were strong.
■Both net sales and operating profit decreased in the Chemicals Segment as a whole due to both sales volume and product pricing decreasing, mainly due to the outbreak of COVID-19 and the biennial inspection of the ammonia product factory.
Construction Materials - Decreases in both net sales and operating profit
■The Cement and Ready-Mixed Concrete Business recorded a decrease in net sales because product shipment decreased due to the outbreak of COVID-19, which caused delay of public construction projects as well as suspension of construction project orders from mainly major general contractors.
■The Calcia and Magnesia Business recorded a decrease in net sales due to decreases in sales volume of the quicklime used in the steel industry and the magnesia used in the steel and electric power industries.
■The Energy Business recorded a net sales decrease, due to decreases in sales prices of coal.
■Both net sales and operating profit decreased in the Construction Materials Segment as a whole. Although falling prices for the coal used as a raw material had some positive impact, the decline in calcia and magnesia sales volume greatly affected the overall business.
Machinery - Decreases in both net sales and operating profit
■The Molding Machine Business recorded a decrease in net sales due to sluggish sales resulting from the severe business environment faced by the automobile industry.
■The Industrial Machines Business recorded an increase in net sales thanks to the strong sales of products such as conveyors used in the electric power industry.
■The Steel Products Business recorded a decrease in net sales because product pricing fell as raw material prices declined.
■The Machinery Segment as a whole recorded decreases in both net sales and operating profit because sluggish sales of molding machines and falling steel product pricing greatly affected the overall business.
Others - Decreases in both net sales and operating profit
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5. Consolidated Financial Statements
(1) Consolidated Balance Sheets
(Millions of yen) | |||
As of March 31, 2020 | As of June 30, 2020 | ||
Assets | |||
Current assets | |||
Cash and deposits | 41,226 | 54,171 | |
Notes and accounts receivable - trade | 158,140 | 134,430 | |
Merchandise and finished goods | 43,171 | 43,095 | |
Work in process | 21,200 | 22,543 | |
Raw materials and supplies | 29,371 | 30,773 | |
Other | 11,353 | 12,444 | |
Allowance for doubtful accounts | 505) | 498) | |
Total current assets | 303,956 | 296,958 | |
ሺ | ሺ | ||
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 87,942 | 88,104 | |
Machinery, equipment and vehicles, net | 139,844 | 138,889 | |
Land | 76,059 | 76,197 | |
Other, net | 26,197 | 29,568 | |
Total property, plant and equipment | 330,042 | 332,758 | |
Intangible assets | |||
Goodwill | 524 | 535 | |
Other | 6,890 | 6,846 | |
Total intangible assets | 7,414 | 7,381 | |
Investments and other assets | |||
Investment securities | 53,326 | 54,661 | |
Other | 32,860 | 33,577 | |
Allowance for doubtful accounts | 497) | 499) | |
Total investments and other assets | 85,689 | 87,739 | |
ሺ | ሺ | ||
Total non-current assets | 423,145 | 427,878 | |
Deferred assets | 168 | 207 | |
Total assets | 727,269 | 725,043 |
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(Millions of yen) | |||||
As of March 31, 2020 | As of June 30, 2020 | ||||
Liabilities | |||||
Current liabilities | |||||
Notes and accounts payable - trade | 92,620 | 82,053 | |||
Short-term borrowings | 43,484 | 43,466 | |||
Current portion of bonds payable | - | 10,000 | |||
Income taxes payable | 4,369 | 1,363 | |||
Provision for bonuses | 7,049 | 10,340 | |||
Other provisions | 1,134 | 1,058 | |||
Other | 50,680 | 52,986 | |||
Total current liabilities | 199,336 | 201,266 | |||
Non-current liabilities | |||||
Bonds payable | 60,000 | 60,000 | |||
Long-term borrowings | 84,420 | 83,037 | |||
Provisions | 3,738 | 1,562 | |||
Retirement benefit liability | 7,442 | 7,586 | |||
Asset retirement obligations | 1,916 | 1,924 | |||
Other | 15,970 | 18,331 | |||
Total non-current liabilities | 173,486 | 172,440 | |||
Total liabilities | 372,822 | 373,706 | |||
Net assets | |||||
Shareholders' equity | |||||
Share capital | 58,435 | 58,435 | |||
Capital surplus | 40,300 | 40,280 | |||
Retained earnings | 245,980 | 240,090 | |||
Treasury shares | 12,645) | 12,557) | |||
Total shareholders' equity | ሺ332,070 | ሺ326,248 | |||
Accumulated other comprehensive income | |||||
Valuation difference on available-for-sale | 1,984 | 2,362 | |||
securities | |||||
Deferred gains or losses on hedges | 9 | 143) | |||
Foreign currency translation adjustment | 2,122 | 4,365 | |||
ሺ | |||||
Remeasurements of defined benefit plans | 3,790) | 3,646) | |||
Total accumulated other comprehensive | ሺ | 325 | ሺ 2,938 | ||
income | |||||
Share acquisition rights | 573 | 510 | |||
Non-controlling interests | 21,479 | 21,641 | |||
Total net assets | 354,447 | 351,337 | |||
Total liabilities and net assets | 727,269 | 725,043 |
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-
Consolidated Statements of Income / Consolidated Statements of Comprehensive Income
・Consolidated Statements of Income
For the first quarter ended June 30, 2019 and 2020
(Millions of yen)
April | 1, 2019 - | April 1, | 2020 - | |||||
June 30, 2019 | June 30, 2020 | |||||||
Net sales | 165,058 | 136,108 | ||||||
Cost of sales | 136,738 | 117,813 | ||||||
Gross profit | 28,320 | 18,295 | ||||||
Selling, general and administrative expenses | 21,002 | 18,959 | ||||||
Operating profit (loss) | 7,318 | ሺ | 664) | |||||
Non-operating income | ||||||||
Interest income | 81 | 56 | ||||||
Dividend income | 668 | 438 | ||||||
Rental income | 253 | 242 | ||||||
Amortization of negative goodwill | 5 | 10 | ||||||
Share of profit of entities accounted for using | 613 | 7 | ||||||
equity method | ||||||||
Other | 570 | 347 | ||||||
Total non-operating income | 2,190 | 1,100 | ||||||
Non-operating expenses | ||||||||
Interest expenses | 254 | 224 | ||||||
Rental expenses | 163 | 158 | ||||||
Foreign exchange losses | 330 | 203 | ||||||
Other | 1,024 | 1,142 | ||||||
Total non-operating expenses | 1,771 | 1,727 | ||||||
Ordinary profit (loss) | 7,737 | ሺ | 1,291) | |||||
Extraordinary income | ||||||||
Gain on sales of investment securities | - | 19 | ||||||
Gain on bargain purchase | - | 145 | ||||||
Gain on extinguishment of tie-in shares | - | 514 | ||||||
Total extraordinary income | - | 678 | ||||||
Extraordinary losses | ||||||||
Loss on disposal of non-current assets | 213 | 181 | ||||||
Loss on valuation of investment securities | 263 | - | ||||||
Total extraordinary losses | 476 | 181 | ||||||
Profit (loss) before income taxes | 7,261 | ሺ | 794) | |||||
Income taxes | 2,696 | 854 | ||||||
Profit (loss) | 4,565 | ሺ | 1,648) | |||||
Profit (loss) attributable to non-controlling interests | 24 | 317) | ||||||
Profit (loss) attributable to owners of parent | 4,541 | 1,331) | ||||||
ሺ | ሺ | |||||||
- 7 -
・Consolidated Statements of Comprehensive Income | |||||||
For the first quarter ended June 30, 2019 and 2020 | |||||||
(Millions of yen) | |||||||
April 1, 2019 - | April 1, 2020 - | ||||||
June 30, 2019 | June 30, 2020 | ||||||
Profit (loss) | 4,565 | 1,648) | |||||
ሺ | |||||||
Other comprehensive income | |||||||
Valuation difference on available-for-sale | ሺ264) | 359 | |||||
securities | |||||||
Deferred gains or losses on hedges | 472) | 152) | |||||
ሺ422) | |||||||
Foreign currency translation adjustment | 3,056 | ||||||
ሺ | |||||||
Remeasurements of defined benefit plans, | ሺ | ||||||
17 | 144 | ||||||
net of tax | |||||||
Share of other comprehensive income of | ሺ21) | ሺ119) | |||||
entities accounted for using equity method |
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non- controlling interests
ሺ | 1,162) | 3,288 | |||
3,403 | 1,640 | ||||
3,364 | 1,282 | ||||
39 | 358 |
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(3) Consolidated Statements of Cash Flows
(Millions of yen) | |||||||||||||
April 1, 2019 - | April 1, 2020 - | ||||||||||||
June 30, 2019 | June 30, 2020 | ||||||||||||
Cash flows from operating activities | |||||||||||||
Profit (loss) before income taxes | 7,261 | ሺ | 794) | ||||||||||
Depreciation and amortization | 9,089 | 9,021 | |||||||||||
Amortization of negative goodwill | ሺ | 5) | ሺ | 10) | |||||||||
Increase (decrease) in allowance for doubtful | ሺ | 87) | 0 | ||||||||||
accounts | |||||||||||||
Interest and dividend income | ሺ | 749) | ሺ | 494) | |||||||||
Interest expenses | 254 | 224 | |||||||||||
Share of loss (profit) of entities accounted for | 613) | 7) | |||||||||||
using equity method | ሺ | ሺ | |||||||||||
Loss (gain) on sales of non-current assets | ሺ | 16) | 5) | ||||||||||
ሺ | |||||||||||||
Decrease (increase) in trade receivables | 16,233 | 25,090 | |||||||||||
Decrease (increase) in inventories | ሺ | 8,096) | ሺ | 2,112) | |||||||||
Increase (decrease) in trade payables | ሺ | 6,775) | ሺ | 12,791) | |||||||||
Other, net | 3,032 | 3,520 | |||||||||||
Subtotal | 19,528 | 21,642 | |||||||||||
Interest and dividends received | 1,334 | 1,171 | |||||||||||
Interest paid | ሺ | 238) | ሺ | 198) | |||||||||
Income taxes paid | 5,054) | 4,418) | |||||||||||
Net cash provided by (used in) operating | ሺ | ሺ | |||||||||||
15,570 | 18,197 | ||||||||||||
activities | |||||||||||||
Cash flows from investing activities | |||||||||||||
Purchase of property, plant and equipment and | 10,063) | 7,902) | |||||||||||
intangible assets | ሺ | ሺ | |||||||||||
Proceeds from sales of property, plant and | 273 | 45 | |||||||||||
equipment | |||||||||||||
Purchase of investment securities | 42) | 2) | |||||||||||
Proceeds from sales of investment securities | ሺ | - | ሺ58 | ||||||||||
Purchase of shares of subsidiaries and | 318) | 1,613) | |||||||||||
associates | ሺ | ሺ | |||||||||||
Proceeds from purchase of shares of | |||||||||||||
subsidiaries resulting in change in scope of | - | 66 | |||||||||||
consolidation |
Decrease (increase) in short-term loans receivable
Other, net
Net cash provided by (used in) investing activities
12ሺ236)
ሺ100)ሺ20)
ሺ10,238)ሺ9,604)
- 9 -
(Millions of yen) | ||||||||||
April 1, 2019 - | April 1, 2020 - | |||||||||
June 30, 2019 | June 30, 2020 | |||||||||
Cash flows from financing activities | ||||||||||
Net increase (decrease) in short-term | 484) | 29 | ||||||||
borrowings | ሺ | |||||||||
Increase (decrease) in commercial papers | 14,000 | - | ||||||||
Proceeds from long-term borrowings | 2,086 | 299 | ||||||||
Repayments of long-term borrowings | ሺ | ሺ | 1,985) | ሺ | 1,720) | |||||
Proceeds from issuance of bonds | - | 9,950 | ||||||||
Redemption of bonds | 10,000) | - | ||||||||
Purchase of treasury shares | ሺ | 1) | ሺ | 1) | ||||||
Dividends paid | ሺ | 8,102) | ሺ | 4,562) | ||||||
Dividends paid to non-controlling interests | 320) | 196) | ||||||||
Other, net | ሺ150) | ሺ271) | ||||||||
ሺ | ሺ | |||||||||
Net cash provided by (used in) financing | ሺ | 4,956) | 3,528 | |||||||
activities | ||||||||||
Effect of exchange rate change on cash and cash | 61) | 438 | ||||||||
equivalents | ሺ | |||||||||
Net increase (decrease) in cash and cash | 315 | 12,559 | ||||||||
equivalents | ||||||||||
Cash and cash equivalents at beginning of period | 32,295 | 40,609 | ||||||||
Increase in cash and cash equivalents resulting | - | 371 | ||||||||
from merger with unconsolidated subsidiaries | ||||||||||
Cash and cash equivalents at end of period | 32,610 | 53,539 |
- 10 -
(4) Notes to Quarterly Consolidated Financial Statements
(Note to events and conditions which indicate there could be substantial doubt about going concern assumption)
None.
(Note to significant changes in shareholders' equity) None.
(Application of the specific accounting methods for preparing the quarterly consolidated financial statements)
Tax expenses are calculated by estimating an effective tax rate for net income based on reasonable assumptions of an effective tax rate after application of tax effect accounting for net income before tax for the consolidated fiscal year, including the current term, and by multiplying the quarterly net income before tax by the estimated tax rate of net income. However, for subsidiaries for which calculating tax expenses using the said estimation of the effective tax rate would significantly lack rationality, tax expenses are calculated by using the statutory effective tax rate.
Income taxes adjustment is included in income taxes.
- 11 -
6.Segment Information
(1) Information concerning Net Sales and Operating Profit by Reportable Business Segment
For the First Quarter Ended June 30, 2019 (April 1, 2019 to June 30, 2019) | (Millions of yen) | ||||||
Reported segment | Amount recorded | ||||||
Construction | Adjustment | in consolidated | |||||
Chemicals | Machinery | Others | Total | (note 1) | statements of | ||
Materials | |||||||
income (note 2) | |||||||
Net sales | |||||||
External sales | 74,325 | 71,915 | 17,985 | 833 | 165,058 | - | 165,058 |
Internal sales or | 195 | 3,540 | 902 | 353 | 4,990 | (4,990) | - |
transfers | |||||||
Total | 74,520 | 75,455 | 18,887 | 1,186 | 170,048 | (4,990) | 165,058 |
Segment profit | 4,678 | 2,302 | 451 | 136 | 7,567 | (249) | 7,318 |
(operating profit) | |||||||
(Note 1) (249) million yen for adjustment for Segment profit includes (58) million yen for the elimination of transaction between the Segments and (191) million yen for company-wide cost that is not allocated to each reported Segment. Company-wide cost consists mainly of administration and general expense that is not attributed to each reported Segment.
(Note 2) Segment profit is adjusted with operating profit recorded in the consolidated statements of income.
For the First Quarter Ended June 30, 2020 (April 1, 2020 to June 30, 2020) | (Millions of yen) | ||||||
Reported segment | Amount recorded | ||||||
Construction | Adjustment | in consolidated | |||||
Chemicals | Machinery | Others | Total | (note 1) | statements of | ||
Materials | |||||||
income (note 2) | |||||||
Net sales | |||||||
External sales | 52,444 | 66,824 | 16,380 | 460 | 136,108 | - | 136,108 |
Internal sales or | 154 | 2,372 | 344 | 258 | 3,128 | (3,128) | - |
transfers | |||||||
Total | 52,598 | 69,196 | 16,724 | 718 | 139,236 | (3,128) | 136,108 |
Segment profit or loss | (2,748) | 1,938 | 250 | 43 | (517) | (147) | (664) |
(operating profit or loss) | |||||||
(Note 1) (147) million yen for adjustment for Segment profit or loss includes 7 million yen for the elimination of transaction between the Segments and (154) million yen for company-wide cost that is not allocated to each reported Segment. Company-wide cost consists mainly of administration and general expense that is not attributed to each reported Segment.
(Note 2) Segment profit or loss is adjusted with operating profit or loss recorded in the consolidated statements of income.
- Information Concerning Impairment Loss for Non-current Assets and Goodwill by Reportable Segment (Material gain on bargain purchase)
Gain on negative goodwill of 145 million yen generated acquisition of shares of Premium Composite Technology North America, Inc. to convert it to our consolidated subsidiary was recorded in the Chemicals Segment.
- 12 -
(Reference) Consolidated Key Indicators | (Billions of yen - except where noted) | |||||
April 2020 - | April 2019 - | |||||
April - June 2019 | April - June 2020 | March 2021 | ||||
March 2020 | ||||||
(forecast) | ||||||
Capital investment | 5.6 | 10.8 | 47.0 | 47.6 | ||
Depreciation and amortization | 9.0 | 9.0 | 37.0 | 36.8 | ||
Research and development expenses | 3.2 | 2.7 | 14.0 | 12.8 | ||
Adjusted operating profit *1 | 8.6 | (0.1) | 29.0 | 37.8 | ||
Interest-bearing debt | 192.3 | 202.1 | 190.0 | 190.7 | ||
Shareholders' equity *2 | 324.8 | 329.1 | 337.0 | 332.3 | ||
Total assets | 730.0 | 725.0 | 720.0 | 727.2 | ||
D/E ratio (times) | 0.59 | 0.61 | 0.56 | 0.57 | ||
Shareholders' equity ratio (%) | 44.5 | 45.4 | 46.8 | 45.7 | ||
Return on sales - ROS (%) *3 | 4.4 | (0.5) | 4.2 | 5.1 | ||
Return on assets - ROA (%) *4 | - | - | 4.0 | 5.2 | ||
Return on equity - ROE (%) *5 | - | - | 4.2 | 6.9 | ||
Number of employees | 11,213 | 11,120 | 11,000 | 10,890 |
*1 Adjusted operating profit: Operating profit + Interest and dividend income + Share of profit of entities accounted for using equity method
*2 Shareholders' equity: Net assets - Share acquisition rights - Non-controlling interests
*3 ROS: Operating profit / Net saless
*4 ROA: Adjusted operating profit / Average total assets
*5 ROE: Profit attributable to owners of parent / Average shareholders' equity
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Ube Industries Ltd. published this content on 31 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2020 08:06:22 UTC