Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
February 3, 2023
Consolidated Financial Results
for the Third Quarter of the Fiscal Year Ending March 31, 2023
(Based on Japanese GAAP)
Company name: Carlit Holdings Co., Ltd. (hereafter 'the Company')
Listed exchange: Prime Section, Tokyo Stock Exchange | Code Number: 4275 | |
URL: | https://www.carlithd.co.jp | |
Representative: | Hirofumi Kaneko, Representative Director and President | |
Inquiries: | Koshi Sawa, General Manager of PR and Sustainability Promotion Dept. | |
Telephone: | +81-3-6893-7060 |
Scheduled date to file quarterly securities report: February 13, 2023
Scheduled date to commence dividend payments: -
Preparation of explanatory materials for quarterly financial results: No
Holding of quarterly financial results briefing: No
(Amounts are rounded down to the nearest million yen)
1. Consolidated financial results for the nine months of the fiscal year ending March 31, 2023 (from April 1, 2022 to December 31, 2022)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-on-year changes) | ||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||
owners of parent | |||||||||
Nine months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |
Dec. 31, 2022 | 26,564 | 6.2 | 1,740 | (0.9) | 2,012 | 3.1 | 1,459 | (15.0) | |
Dec. 31, 2021 | 25,022 | - | 1,756 | - | 1,951 | - | 1,717 | - | |
Note: Comprehensive income For the nine months ended Dec. 31, 2022: ¥1,609 million [(17.4)%] | |||||||||
For the nine months ended Dec. 31, 2021: ¥1,947 million [-%] | |||||||||
Basic earnings | Diluted earnings | ||||||||
per share | per share | ||||||||
Nine months ended | Yen | Yen | |||||||
Dec. 31, 2022 | 61.40 | - | |||||||
Dec. 31, 2021 | 72.25 | - | |||||||
(2) Consolidated financial position | |||||||||
Total assets | Net assets | Equity-to-asset ratio | Net assets per share | ||||||
As of | Millions of yen | Millions of yen | % | Yen | |||||
Dec. 31, 2022 | 53,198 | 32,141 | 60.4 | 1,351.37 | |||||
Mar. 31, 2022 | 50,078 | 30,903 | 61.7 | 1,300.41 | |||||
Reference: Shareholders' equity: As of Dec. 31, 2022: ¥32,141 million; As of Mar. 31, 2022: ¥30,903 million
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 | ||||
Fiscal year ended | - | 0.00 | - | 16.00 | 16.00 | |||
Mar. 31, 2022 | ||||||||
Fiscal year ending | - | 0.00 | - | |||||
Mar. 31, 2023 | ||||||||
Fiscal year ending | ||||||||
Mar. 31, 2023 | 16.00 | 16.00 | ||||||
(Forecast) | ||||||||
Note: Revisions to the forecast of cash dividends most recently announced: None |
3. Forecasts of consolidated financial results for the fiscal year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Profit attributable | Basic | |||||||||
Net sales | Operating profit | Ordinary profit | earnings per | |||||||
to owners of parent | ||||||||||
share | ||||||||||
Millions of | % | Millions of | % | Millions of | % | Millions of | % | Yen | ||
yen | yen | yen | yen | |||||||
Full year | 35,000 | 3.3 | 2,500 | (0.3) | 2,700 | (1.6) | 1,900 | (18.7) | 79.90 | |
Note: Revisions to the forecasts of consolidated financial results most recently announced: None
* Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
- Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes
Note: For details, please refer to "2. Quarterly Consolidated Financial Statements, (3) Notes to Quarterly
Consolidated Financial Statements" on page 10 of the attached document.- Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards and other regulations: None
- Changes in accounting policies due to other reasons: None
- Changes in accounting estimates: None
- Restatement: None
(4) Number of issued shares (common shares)
(i) Total number of issued shares at the end of the period (including treasury shares)
As of Dec. 31, 2022 | 24,050,000 shares | As of Mar. 31, 2022 | 24,050,000 shares | |
(ii) Number of treasury shares at the end of theperiod | ||||
As of Dec. 31, 2022 | 265,447 shares | As of Mar. 31, 2022 | 285,316 shares | |
- Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Nine months ended Dec.
Nine months ended Dec.
31, 2022
23,771,267 shares
31, 2021
23,771,351 shares
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
-
Proper use of earnings forecasts, and other special matters (Notice concerning forward-looking statements)
The forward-looking statements described in this document, such as business forecasts, are based on information available at the time of release of these materials and reasonable assumptions made by the Company, and do not represent a commitment from the Company that they will be achieved. Actual financial results, etc. may differ significantly from this forecast due to various factors. For assumptions used for earnings forecasts and notes on the use of earnings forecasts, please refer to "1. Quarterly Qualitative Information on Business Results, (3) Explanation of Forward-Looking Statements including
Forecasts of Consolidated Financial Results" on page 5 of the attached document.
(Other special matters) Not applicable
Table of Contents | ||
(2) | Summary of the Consolidated Balance Sheets and Cash Flow Statements | 5 |
(3) | Explanation of Forward-Looking Statements Including Forecasts of Consolidated Financial Results | ..5 |
2.Quarterly Consolidated Financial Statements | 6 | |
(1) | Quarterly Consolidated Balance Sheets | 6 |
(2) | Quarterly Consolidated Statements of Income and Comprehensive Income | 8 |
Quarterly Consolidated Statements of Income (For the nine months) | 8 | |
Quarterly Consolidated Statements of Comprehensive Income (For the nine months) | 9 | |
(3) | Notes to Quarterly Consolidated Financial Statements | 10 |
Going Concern Assumption | 10 | |
Significant Changes in Amounts of Shareholders' Equity | 10 | |
Adoption of Accounting Treatment Specific to the Preparation of Quarterly Consolidated Financial | ||
Statements | 10 | |
Changes in the scope of Consolidation or Application of the Equity Method | 10 | |
Segment information | 10 |
1
1. Quarterly Qualitative Information on Business Results
(i) Announcement of the new Medium-term Management Plan
The Company formulated its new Medium-term Management Plan "Challenge 2024," with fiscal year 2022 as the starting year and disclosed it on June 15, 2022.
The Company has established its management policy, "Aiming to enhance corporate value through the optimization of our business portfolio" based on a review of the previous Medium-term Management Plan. According to this policy, we will carry out specific measures centered on our five strategies of "Accelerating growth businesses," "Expanding and improving research and development," "Improving the profitability of existing businesses," "Advancing ESG management," and "Rebuilding business infrastructure." We will also work to further enhance corporate governance, to give shape to "profitable growth" and "ESG," aiming to become a corporate group that is trusted by society.
(ii) Issuance of integrated report
On October 7, 2022, the Company issued its integrated report "Carlit Report 2022" and posted it on our website.
Carlit Report 2022 includes the policy of our new Medium-term Management Plan created through back-casting based on our vision of "Supporting happy lifestyles by combining the power of 'chemicals' and 'technology' to contribute to a sustainable society," our performance goals, and our environmental and social initiatives. Carlit Report 2022 also expands our ESG information disclosure on initiatives related to our response to climate change and on human capital to implement sustainable management.
(1) Explanations of Business Results
(i) Explanation of operating results
In the nine months ended December 31, 2022, we enjoyed steady sales due to strong sales for chemicals, electronic materials, and ceramics in the chemical products business segment and products including silicon wafers for semiconductors in the industrial materials business segment, while we strove to reduce impact in response to surging costs for raw materials and energy. In addition, we recorded ¥168 million in extraordinary income on gain on sale of investment securities, and ¥50 million in extraordinary losses on loss on sale of shares of subsidiaries and associates in connection with the sale of Sankyo Jitsugyo Co., Ltd.
Furthermore, for the previous fiscal year, we recorded compensation expenses of ¥139 million as non-operating expenses and insurance claim income of ¥96 million as non-operating income. In addition, we recorded ¥209 million in bargain purchase associated with acquiring shares of Minamisawa Construction Co., Ltd. and ¥100 million in extraordinary income on gain on sale of investment securities.
These results are provided below.
(Percentages indicate year-on-year changes)
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||
owners of parent | |||||||||
Nine months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |
Dec. 31, 2022 | 26,564 | 6.2 | 1,740 | (0.9) | 2,012 | 3.1 | 1,459 | (15.0) | |
Dec. 31, 2021 | 25,022 | - | 1,756 | - | 1,951 | - | 1,717 | - | |
(ii) Explanation by business segment
Our main products and services are as follows.
Chemical products
Explosives = decrease in sales and profit
・Industrial explosives experienced both a decrease in sales due to the withdraw from unprofitable manufacturing locations and a decrease in profit due to surging costs for raw materials and energy.
・Automotive emergency flares saw an increase in sales for new vehicles. In terms of replacements for automobile inspections, sales increased due to an increase in sales of emergency flares with glass-breaking function in response to torrential rain disasters and from customers' improved safety awareness. However, profit decreased due to surging costs
2
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Carlit Holdings Co. Ltd. published this content on 03 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2023 05:17:07 UTC.