Amada : Summary Report on the Consolidated Results for the Three Months Ended June 30, 2019 （158KB）

Note: This English translation is solely for reference purposes and not a legally definitive translation of the original Japanese text. In the event a difference arises regarding the meaning herein, the original Japanese version will prevail as the official authoritative version.

August 9, 2019

Consolidated Financial Results for the Theree Months Ended June 30, 2019

(IFRS)

AMADA HOLDINGS CO., LTD.

Listed on the First Section of the TSE

Stock Code: 6113

(URL https://www.amadaholdings.co.jp) Representative: Tsutomu Isobe, President

Contact: Hidekazu Kudo, Director and Executive General Manager of Financial Division TEL: [phone]

Scheduled date to file quarterly securities report: August 9, 2019

Scheduled date to commence dividend payments: －

Preparation of supplementary material on quarterly financial results: Yes

Holding of quarterly financial results briefing: Yes (for investment analysts and institutional investors)

						(Amounts less than one million yen are truncated.)
1. Consolidated Financial Results for the Theree Months Ended June 30, 2019 (from April 1, 2019 to June 30, 2019)
(1) Operating Results (Cumulative)						Percentages indicate year-on-year increase (decrease).
	Revenue		Operating profit	Profit before tax	Profit		Profit attributable to
			owners of parent
	Millions of	%	Millions of	%	Millions of	%	Millions of	%	Millions of	%
	yen	yen	yen	yen	yen
Three months ended June 30, 2019	64,870	(3.7)	4,731	(21.6)	4,986	(27.5)	3,719	(24.3)	3,655	(24.6)
Three months ended June 30, 2018	67,327	16.5	6,034	38.0	6,881	17.0	4,914	21.4	4,846	21.2
Note: Comprehensive income:	Three months ended June 30, 2019:		¥(2,029) millions	－ %
	Three months ended June 30, 2018:		¥4,356 millions	(37.5) %

	Basic earnings per	Diluted earnings per
	share	share
	Yen	Yen
Three months ended June 30, 2019	10.25	10.25
Three months ended June 30, 2018	13.25	13.25

(2) Financial Position

			Equity attributable to	Ratio of equity
	Total assets	Total equity	attributable to owners
	owners of parent
			of parent
	Millions of yen	Millions of yen	Millions of yen	%
As of June 30, 2019	566,331	434,334	430,524	76.0
As of March 31, 2019	567,861	445,280	441,431	77.7

Note: In the first quarter ended June 30, 2019, the Company finalized a provisional accounting treatment related to business combinations.

The figures in the fiscal year ended March 31, 2019, reflect the finalization of the provisional accounting treatment.

2. Dividends

		Dividends per share
	First	Second	Third	Fiscal year-	Total
	quarter	quarter	quarter	end
	Yen	Yen	Yen	Yen	Yen
Fiscal year ended March 31, 2019	－	21.00	－	25.00	46.00
Fiscal year ended March 31, 2020	－
Fiscal year ended March 31, 2020 (Forecast)		24.00	－	24.00	48.00
Notes: Revision to dividend forecasts most recently	announced:	None
3. Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2020 (from April 1, 2019 to March 31, 2020)
				Percentages indicate year-on-year increase (decrease)
	Revenue	Operating profit	Profit attributable to		Basic earnings per
	owners of parent		share
	Millions of	%	Millions of	%	Millions of	%		Yen
	yen	yen	yen
Fiscal year ending March 31, 2020 (Forecast)	350,000	3.5	47,000	4.1	33,500	0.6		93.94

Note: Revision to consolidated financial forecasts most recently announced: None

In the first quarter ended June 30, 2019, the Company finalized a provisional accounting treatment related to business combinations.

The figures in the fiscal year ended March 31, 2019, reflect the finalization of the provisional accounting treatment. Therefore, comparisons with the previous term are also done using the finalized figures.

4. Other Items

1. Changes in the scope of consolidation for significant subsidiaries during the theree months ended June 30, 2019: None (Changes in specified subsidiaries resulting in change in the scope of consolidation)
2. Changes in accounting policies and changes in accounting estimates:

1. Changes in accounting policies required by IFRS: Yes
2. Changes in accounting policies other than 1) above: None
3. Changes in accounting estimates: None

1. Number of shares issued (common stock)

1. Number of shares issued at end of period (including treasury shares)

	As of June 30, 2019	368,115,217 shares
	As of March 31, 2019	368,115,217 shares
2)	Number of treasury shares at end of period	11,504,073 shares
	As of June 30, 2019
	As of March 31, 2019	11,503,611 shares
3)	Average number of shares during period	356,611,257 shares
	Three months ended June 30, 2019
	Three months ended June 30, 2018	365,808,855 shares

*These quarterly consolidated financial results are outside the scope of the quarterly review procedures by a certified public accountant or an auditing firm. The consolidated financial forecasts mentioned in this document and other forward-lookingstatements are based on information available to and on certain reasonable assumptions by the Company as of today. Accordingly, actual results may differ significantly from the forecasts herein due to various factors.

Condensed Quarterly Consolidated Financial Statements and Primary Notes

Condensed Quarterly Consolidated Statement of Financial Position

	(Millions of yen; amounts less than one million yen are truncated.)
Period	As of March 31, 2019	As of June 30, 2019
Item
(Assets)
Current assets:
Cash and cash equivalents	56,295	51,651
Trade and other receivables	140,965	123,526
Inventories	100,391	113,330
Other financial assets	19,939	15,889
Other current assets	9,571	10,317
Total current assets	327,164	314,715
Non-current assets:
Property, plant and equipment	130,914	142,756
Goodwill	4,811	4,710
Intangible assets	14,623	14,491
Investments accounted for using equity method	1,638	1,785
Other financial assets	65,734	63,813
Deferred tax assets	13,953	14,729
Other non-current assets	9,021	9,327
Total non-current assets	240,697	251,615
Total asset	567,861	566,331

		(Millions of yen; amounts less than one million yen are truncated.)
Item	Period	As of March 31, 2019	As of June 30, 2019
(Liabilities and Equity)
Liabilities
Current liabilities:
Trade and other payables		65,917	64,528
Borrowings		5,366	9,719
Income taxes payable		7,918	3,151
Other financial liabilities		931	5,616
Provisions		1,900	1,825
Other current liabilities		23,961	23,105
Total current liabilities		105,997	107,946
Non-current assets:
Borrowings		4,556	4,415
Other financial liabilities		2,907	10,645
Retirement benefit liability		2,855	2,813
Provisions		6	6
Deferred tax liabilities		2,198	2,318
Other non-current liabilities		4,060	3,850
Total non-current liabilities		16,584	24,050
Total liabilities		122,581	131,996
Equity
Share capital		54,768	54,768
Capital surplus		153,119	153,119
Retained earnings		243,596	238,337
Treasury shares		(11,608)	(11,608)
Other components of equity		1,555	(4,091)
Total equity attributable to owners of parent		441,431	430,524
Non-controlling interests		3,848	3,809
Total equity		445,280	434,334
Total liabilities and equity		567,861	566,331

Condensed Quarterly Consolidated Statement of Profit or Loss

Theree months ended June 30, 2018 and 2019

(Millions of yen; amounts less than one million yen are truncated.)

Period	Theree months ended	Theree months ended
Item	June 30, 2018	June 30, 2019
Revenue	67,327	64,870
Cost of sales	(37,849)	(36,143)
Gross profit	29,478	28,726
Selling, general and administrative expenses	(23,614)	(24,472)
Other income	562	688
Other expenses	(392)	(211)
Operating profit	6,034	4,731
Finance income	970	892
Finance costs	(239)	(817)
Share of profit of investments accounted for using equity method	115	180
Profit before tax	6,881	4,986
Income tax expense	(1,966)	(1,266)
Profit	4,914	3,719
Profit attributable to:
Owners of parent	4,846	3,655
Non-controlling interests	68	63
Profit	4,914	3,719
Earnings per share
Basic earnings per share	13.25	10.25
Diluted earnings per share	13.25	10.25