TIDMMAW
RNS Number : 9489D
Maruwa Co Ld
30 October 2015
Translation
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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.
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Summary of Consolidated Financial Results
for the Six Months Ended September 30, 2015
(Based on Japanese GAAP)
October 29, 2015
Company name: MARUWA CO., LTD.
Stock exchange Tokyo, Nagoya
listing:
Stock code: 5344 URL http://www.maruwa-g.com/
Representative: President and Representative Sei Kanbe
Director
Inquiries: Director, General Manager Tetsuya Nagamitsu TEL 0561-51-0839
of Administrative Division
Scheduled date to file Quarterly Securities November 13, 2015
Report:
Scheduled date to commence dividend December 7, 2015
payments:
Preparation of supplementary material No
on quarterly financial results:
Holding of quarterly financial results No
meeting:
(Amounts are rounded off to the nearest
million yen)
1. Consolidated financial results for the six months ended
September 30, 2015 (from April 1, 2015 to September 30, 2015)
(1) Consolidated operating results Percentages indicate year-on-year changes
(cumulative)
Net sales Operating income Ordinary income Profit attributable
to owners of
parent
---------------------------- --------------- ------------------ ----------------- ---------------------
Millions % Millions % Millions % Millions %
of yen of yen of yen of yen
Six months ended September
30, 2015 14,564 (7.9) 1,472 15.8 1,447 (4.0) 852 12.7
Six months ended September
30, 2014 15,821 3.1 1,271 (3.3) 1,508 8.1 756 (30.1)
---------------------------- -------- ----- ---------- ------ ---------- ----- ----------- --------
Earnings per share Diluted earnings
per share
---------------------------- ------------------ ----------------
Yen Yen
Six months ended September
30, 2015 68.99 68.99
Six months ended September
30, 2014 61.20 61.20
---------------------------- ------------------ ----------------
(2) Consolidated financial position
Total assets Net assets Equity ratio
-------------------------- ------------ ----------- ------------
Millions of Millions of %
yen yen
As of September 30, 2015 46,603 40,269 86.4
As of March 31, 2015 49,445 41,000 82.9
-------------------------- ------------ ----------- ------------
2. Cash dividends
Annual dividends per share
----------------------- -------------------------------------------------------------------------
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total
----------------------- --------------- --------------- --------------- --------------- -----
Yen Yen Yen Yen Yen
Year ended March 31,
2015 - 18.00 - 18.00 36.00
Year ending March 31,
2016 - 19.00
----------------------- --------------- --------------- --------------- --------------- -----
Year ending March 31,
2016 (Forecast) - 19.00 38.00
----------------------- --------------- --------------- --------------- --------------- -----
3. Forecast of consolidated financial results for the year
ending March 31, 2016 (from April 1, 2015 to March 31, 2016)
Percentages indicate year-on-year changes
Net sales Operating income Ordinary income Profit attributable Earnings
to owners of per share
parent
---------- ------------- ------------------ ----------------- --------------------- ----------
Millions % Millions % Millions % Millions % Yen
of yen of yen of yen of yen
Full year 34,000 3.6 3,400 41.4 3,500 23.2 2,500 182.8 202.43
---------- -------- --- ----------- ----- ---------- ----- ------------ ------- ----------
4. Notes
(1) Changes in significant subsidiaries during the six Yes
months ended September 30, 2015
(changes in specified subsidiaries resulting in the
change in scope of consolidation):
(2) Application of special accounting methods for preparing No
quarterly consolidated financial statements:
(3) Changes in accounting policies, changes in accounting
estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to Yes
accounting standards and other regulations:
Changes in accounting policies due to other reasons: No
Changes in accounting estimates: No
Restatement of prior period financial statements: No
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period
(including treasury shares)
As of September 30,
2015 12,372,000 shares As of March 31, 2015 12,372,000 shares
--------------------- ---------- ------- --------------------- ---------- -------
Number of treasury shares at the end of the period
As of September 30,
2015 21,983 shares As of March 31, 2015 21,983 shares
--------------------- ------ ------- --------------------- ------ -------
Average number of shares during the period (cumulative from the
beginning of the fiscal year)
Six months ended September Six months ended September
30, 2015 12,350,017 shares 30, 2014 12,350,070 shares
---------------------------- ---------- ------- --------------------------- ---------- -------
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen)
------------------------------------------------------ --------------- ------------------
As of March 31, As of September
2015 30, 2015
------------------------------------------------------ --------------- ------------------
Assets
Current assets
Cash and deposits 14,224,593 14,222,887
Notes and accounts receivable - trade 8,491,300 7,318,917
Electronically recorded monetary
claims - operating 439,199 434,571
Merchandise and finished goods 2,170,099 2,372,151
Work in process 1,864,301 1,698,904
Raw materials and supplies 3,097,696 3,009,551
Deferred tax assets 319,540 316,618
Other 811,100 673,612
Allowance for doubtful accounts (11,420) (11,480)
Total current assets 31,406,408 30,035,731
--------------- ------------------
Non-current assets
Property, plant and equipment
Buildings and structures 9,941,584 9,822,671
Accumulated depreciation (5,306,942) (5,297,182)
Buildings and structures, net 4,634,642 4,525,489
--------------- ------------------
Machinery, equipment and vehicles 18,005,004 17,112,347
Accumulated depreciation (13,486,127) (12,968,571)
Machinery, equipment and vehicles,
net 4,518,878 4,143,776
--------------- ------------------
Land 3,518,446 3,520,222
(MORE TO FOLLOW) Dow Jones Newswires
October 30, 2015 03:00 ET (07:00 GMT)
Construction in progress 1,786,282 1,221,329
Other 3,514,181 3,321,464
Accumulated depreciation (2,980,477) (2,822,393)
Other, net 533,704 499,071
--------------- ------------------
Total property, plant and equipment 14,991,951 13,909,887
--------------- ------------------
Intangible assets
Goodwill 426,091 280,998
Other 450,485 418,023
Total intangible assets 876,575 699,021
--------------- ------------------
Investments and other assets 2,170,275 1,958,153
Total non-current assets 18,038,802 16,567,061
--------------- ------------------
Total assets 49,445,209 46,602,792
--------------- ------------------
(Thousands of yen)
------------------------------------------------------ --------------- ------------------
As of March 31, As of September
2015 30, 2015
------------------------------------------------------ --------------- ------------------
Liabilities
Current liabilities
Notes and accounts payable - trade 3,989,435 2,636,068
Current portion of long-term loans
payable 992,576 224,884
Income taxes payable 393,528 593,377
Provision for bonuses 458,819 440,697
Provision for directors' bonuses 4,750 4,750
Notes payable - facilities 184,241 240,894
Other 1,690,996 1,655,129
Total current liabilities 7,714,345 5,795,799
--------------- ------------------
Non-current liabilities
Long-term loans payable 253,393 184,451
Provision for environmental measures 26,256 26,256
Other 451,317 327,514
Total non-current liabilities 730,966 538,222
--------------- ------------------
Total liabilities 8,445,311 6,334,021
--------------- ------------------
Net assets
Shareholders' equity
Capital stock 8,646,720 8,646,720
Capital surplus 11,946,793 11,946,793
Retained earnings 19,824,325 20,454,091
Treasury shares (46,922) (46,922)
Total shareholders' equity 40,370,916 41,000,681
--------------- ------------------
Accumulated other comprehensive income
Valuation difference on available-for-sale
securities 130,601 72,999
Foreign currency translation adjustment 495,314 (806,684)
Total accumulated other comprehensive
income 625,915 (733,685)
--------------- ------------------
Subscription rights to shares 1,775 1,775
Non-controlling interests 1,293 -
Total net assets 40,999,898 40,268,771
--------------- ------------------
Total liabilities and net assets 49,445,209 46,602,792
--------------- ------------------
Consolidated statements of income (cumulative) and consolidated
statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen)
-------------------------------------------------- ------------------- -------------------
Six months ended Six months ended
September 30, 2014 September 30, 2015
-------------------------------------------------- ------------------- -------------------
Net sales 15,821,000 14,564,403
Cost of sales 10,728,722 9,468,304
Gross profit 5,092,278 5,096,099
------------------- -------------------
Selling, general and administrative
expenses 3,821,576 3,624,062
Operating income 1,270,702 1,472,037
------------------- -------------------
Non-operating income
Interest income 20,907 16,999
Rent income 50,911 46,564
Foreign exchange gains 172,439 -
Other 28,162 28,816
Total non-operating income 272,419 92,378
------------------- -------------------
Non-operating expenses
Interest expenses 7,479 3,498
Foreign exchange losses - 87,517
Rent expenses on real estate for
investments 18,647 19,279
Other 8,942 6,966
Total non-operating expenses 35,068 117,260
------------------- -------------------
Ordinary income 1,508,053 1,447,156
------------------- -------------------
Extraordinary income
Gain on sales of non-current assets 1,406 3,617
Gain on sales of investment securities 21,498 -
Subsidy income 755,000 -
Total extraordinary income 777,905 3,617
------------------- -------------------
Extraordinary losses
Loss on sales and retirement of non-current
assets 5,119 924
Loss on reduction of non-current
assets 738,327 -
Impairment loss 192,134 -
Loss on sales of investment securities - 6,816
Other 36,589 -
Total extraordinary losses 972,170 7,740
------------------- -------------------
Income before income taxes and minority
interests 1,313,788 1,443,033
------------------- -------------------
Income taxes - current 559,741 566,589
Income taxes - deferred (1,898) 24,378
Total income taxes 557,843 590,967
------------------- -------------------
Profit 755,944 852,066
------------------- -------------------
Profit attributable to non-controlling
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