YOKOWO : THE FIRST QUARTER OF FISCAL 2017 ENDED JUNE 30, 2017 (13KB)
August 04, 2017 at 03:29 am EDT
Share
ASSETS
Current assets
CONSOLIDATED BALANCE SHEETS
Q1/FY2017 FY2016
Jun 30, 2017 Mar 31, 2017
(Thousands of yen)
Inc/(Dec)
Cash and deposits
5,961,261
5,818,150
143,111
Receivables:
Notes and accounts receivable-trade
9,911,228
9,248,141
663,087
Allowance for doubtful accounts
(16,945)
(16,924)
(21)
Inventories
6,359,421
5,903,252
456,169
Other
1,568,692
1,490,855
77,837
Total current assets
23,783,657
22,443,474
1,340,183
Noncurrent assets
Net property, plant and equipment
8,046,139
7,782,936
263,203
Intangible assets
500,021
579,864
(79,843)
Net defined benefit asset
12,246
-
12,246
Investments and other non-current assets
2,631,098
2,513,535
117,563
Total noncurrent assets
11,189,504
10,876,335
313,169
Total assets
34,973,161
33,319,809
1,653,352
LIABILITIES
Current liabilities
Q1/FY2017 FY2016
Jun 30, 2017 Mar 31, 2017
Inc/(Dec)
Notes and accounts payable-trade
5,311,957
4,690,101
621,856
Short-term loans payable
2,360,960
2,364,965
(4,005)
Income taxes payable
147,514
188,500
(40,986)
Provision for bonuses
231,074
425,981
(194,907)
Other
3,144,498
2,412,008
732,490
Total current liabilities
11,196,003
10,081,555
1,114,448
Noncurrent liabilities
Long-term loans payable
1,600,000
1,600,000
-
Provision for product warranties
88,973
89,124
(151)
Net defined benefit liability
153,668
144,034
9,634
Other
506,175
568,990
(62,815)
Total noncurrent liabilities
2,348,816
2,402,148
(53,332)
Total liabilities
13,544,819
12,483,703
1,061,116
NET ASSETS
Shareholders' equity
Capital stock
3,996,269
3,996,269
-
Capital surplus
3,981,928
3,981,928
-
Retained earnings
12,899,740
12,642,064
257,676
Treasury stock
(800,465)
(854,955)
54,490
Deposit for subscriptions to treasury shares
566
1,977
(1,411)
Total shareholders' equity
20,078,038
19,767,283
310,755
Valuation and translation adjustments
Valuation difference on available-for-sale securities
574,712
382,371
192,341
Foreign currency translation adjustment
503,708
406,640
97,068
Remeasurements of defined benefit plans
259,067
263,547
(4,480)
Total valuation and translation adjustments
1,337,487
1,052,558
284,929
Subscription rights to shares
12,817
16,265
(3,448)
Total net assets
21,428,342
20,836,106
592,236
Total liabilities and net assets
34,973,161
33,319,809
1,653,352
CONSOLIDATED STATEMENTS OF INCOME
Q1/FY2017 Q1/FY2016
Apr'17-Jun'17 Apr'16-Jun'16
(Thousands of yen)
Inc/(Dec)
Net sales
12,324,911
10,383,224
1,941,687
Costs and expenses
Cost of sales
9,952,946
8,332,082
1,620,864
Selling, general and administrative expenses
1,754,728
1,512,037
242,691
11,707,674
9,844,119
1,863,555
Operating income
617,237
539,105
78,132
Other income (expenses)
Interest and dividends income
16,838
16,183
655
Interest expenses
(18,895)
(11,384)
(7,511)
Foreign exchange gains (losses), net
(1,828)
(367,337)
365,509
Foreign tax refund
78,820
251
78,569
Other
(43,143)
(2,683)
(40,460)
31,792
(364,970)
396,762
Income before income taxes
649,029
174,135
474,894
Income taxes
Income taxes-current and prior periods
123,095
128,871
(5,776)
Income taxes-deferred
1,922
2,006
(84)
Total income taxes
125,017
130,877
(5,860)
Profit (loss)
524,012
43,258
480,754
Profit (loss) attributable to non-controlling interests Profit (loss) attributable to owners of parent
-
524,012
-
43,258
-
480,754
Amounts per share of common stock:
Net income Diluted net income
26.01 2.16 23.85
25.88 - 25.88
Cash dividends applicable to the period - - -
YOKOWO CO., LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Q1/FY2017
Apr'17-Jun'17
Q1/FY2016
Apr'16-Jun'16
Inc/(Dec)
Profit (loss)
524,012
43,258
480,754
Other comprehensive income
Valuation difference on available-for-sale securities
192,341
(108,586)
300,927
Foreign currency translation adjustment
97,068
(866,037)
963,105
Remeasurements of defined benefit plans, net of tax
(4,480)
10,099
(14,579)
Total other comprehensive income
284,929
(964,524)
1,249,453
Comprehensive income
808,941
(921,266)
1,730,207
Comprehensive income attributable to abstract
Comprehensive income attributable to owners of the parent Comprehensive income attributable to minority interests
808,941
-
(921,266)
-
1,730,207
-
Yokowo Co. Ltd. published this content on 04 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 August 2017 07:28:11 UTC.
Original documenthttp://www.yokowo.co.jp/english/ir/pdf/release_1708.pdf
Public permalinkhttp://www.publicnow.com/view/49278B9135A03CB52B8082599A94D9DB0D80E869
YOKOWO CO., LTD. is a Japan-based company primarily engaged in the manufacture and sale of various types of electronic equipment. The Company operates in three business segments. The Vehicle Communication equipment segment supplies various of on-board antennas covering broad frequency ranges, including those for inter-vehicle and road-to-vehicle communications in advanced driver assistance systems (ADAS) and automated driving systems, in step with trends towards more compact composite models, media diversification and radio frequency identifier (RFID) support. The Circuit Testing Connectors segment provides connectors and test systems for the front to back-end testing. The Wireless Communication Equipment segment provides connectors for small mobile devices and point of sale (POS) devices.