ENDO Lighting Corporation (6932)
Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Consolidated Financial Results
for the Six Months Ended September 30, 2022
[Japanese GAAP]
Company name: ENDO Lighting Corporation | October 31, 2022 |
Stock exchange listing: Tokyo | |
Code number: 6932 | |
URL: https://www.endo-lighting.co.jp | |
Representative: Kunihiko Endo | Representative Director and President |
Contact: Masashi Sugisaka | Director, General Manager of Sales Divison and |
General Manager of Corporate Administration Division | |
Phone: 06-6267-7095
Scheduled date of filing quarterly securities report: November 14, 2022
Scheduled date of commencing dividend payments: December 01, 2022
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes
(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Six Months Ended September 30, 2022 (April 01, 2022 to September 30, 2022)
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||
owners of parent | ||||||||||
Six months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||
September 30, 2022 | 21,187 | 11.8 | 1,166 | (28.9) | 1,706 | (8.3) | 962 | (29.9) | ||
September 30, 2021 | 18,952 | 21.8 | 1,640 | 273.0 | 1,860 | 209.7 | 1,374 | 281.7 |
(Note) Comprehensive income: | Six months ended September 30, 2022: |
Six months ended September 30, 2021: |
¥ | 2,680 million | [ | 17.7%] |
¥ | 2,276 million | [ | -%] |
Basic earnings | Diluted earnings per | ||||
per share | share | ||||
Six months ended | Yen | Yen | |||
September 30, 2022 | 65.16 | - | |||
September 30, 2021 | 93.01 | - | |||
(2) Consolidated Financial Position | |||||
Total assets | Net assets | Capital adequacy ratio | |||
As of | Million yen | Million yen | % | ||
September 30, 2022 | 55,645 | 30,702 | 55.2 | ||
March 31, 2022 | 55,595 | 28,243 | 50.8 | ||
(Reference) Equity: As of | September 30, 2022: | ¥ | 30,702 million | ||
As of | March 31, 2022: | ¥ | 28,243 million |
ENDO Lighting Corporation (6932)
2. Dividends
Annual dividends | |||||||
1st | 2nd | 3rd | Year-end | Total | |||
quarter-end | quarter-end | quarter-end | |||||
Yen | Yen | Yen | Yen | Yen | |||
Fiscal year ended March 31, 2022 | - | 7.50 | - | 15.00 | 22.50 | ||
Fiscal year ending March 31, 2023 | - | 15.00 | |||||
Fiscal year ending March 31, 2023 | - | 15.00 | 30.00 | ||||
(Forecast) | |||||||
(Note) Revision to the forecast for dividends | announced most | recently: | No |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023(April 01, 2022 to March 31, 2023)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | ||||||
owners of parent | per share | |||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | ||
Full year | 43,000 | 5.8 | 2,500 | (34.7) | 2,700 | (36.5) | 1,900 | (42.9) | 128.59 | |
(Note) Revision to the financial results forecast announced most recently: | No | |||||||||
* Notes: | ||||||||||
(1) Changes in significant subsidiaries during the six months ended September 30, 2022 | ||||||||||
(changes in specified subsidiaries resulting in changes in scope of consolidation): | No | |||||||||
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: | No |
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: No
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
September 30, 2022: | 14,776,321 | shares |
March 31, 2022: | 14,776,321 | shares |
2) Total number of treasury shares at the end of the period: | ||
September 30, 2022: | 152 | shares |
March 31, 2022: | 152 | shares |
3) Average number of shares during the period: | ||
Six months ended September 30, 2022: | 14,776,169 | shares |
Six months ended September 30, 2021: | 14,776,226 | shares |
- This financial report is not subject to audits by certified public accountants or auditing corporations.
- Explanation on proper use of financial results forecasts, and other special matters
(Cautionary note concerning forward-looking statements)
The forward-looking statements, including the financial results forecasts, contained in this document are based on information currently available to the Company and on certain assumptions deemed to be reasonable. These statements do not purport that the Company pledges to achieve the stated performance. Actual results may differ substantially due to various factors.
(Where to obtain this supplemental explanation materials)
The Company plans to hold a briefing for analysts and institutional investors on Thursday, November 17,2022. Supplemental materials will be posted on the Company's website promptly after the briefing.
ENDO Lighting Corporation (6932)
Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets
(Million yen) | ||||
As of March 31,2022 | As of September 30,2022 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 10,787 | 10,819 | ||
Notes and accounts receivable - trade | 7,527 | 7,854 | ||
Merchandise and finished goods | 12,039 | 11,636 | ||
Work in process | 174 | 82 | ||
Raw materials and supplies | 1,043 | 1,112 | ||
Other | 1,883 | 1,824 | ||
Allowance for doubtful accounts | (87) | (97) | ||
Total current assets | 33,368 | 33,232 | ||
Non-current assets | ||||
Property, plant and equipment | ||||
Buildings and structures | 9,329 | 9,648 | ||
Accumulated depreciation | (4,555) | (4,862) | ||
Buildings and structures, net | 4,773 | 4,786 | ||
Machinery, equipment and vehicles | 3,308 | 3,470 | ||
Accumulated depreciation | (2,788) | (2,949) | ||
Machinery, equipment and vehicles, net | 519 | 521 | ||
Rental assets | 14,579 | 14,973 | ||
Accumulated depreciation | (8,162) | (8,349) | ||
Rental assets, net | 6,417 | 6,623 | ||
Land | 3,468 | 3,478 | ||
Leased assets | 1,135 | 1,148 | ||
Accumulated depreciation | (944) | (999) | ||
Leased assets, net | 190 | 148 | ||
Construction in progress | 514 | 501 | ||
Other | 3,505 | 3,716 | ||
Accumulated depreciation | (2,984) | (3,173) | ||
Other, net | 521 | 542 | ||
Total property, plant and equipment | 16,405 | 16,601 | ||
Intangible assets | ||||
Software | 362 | 398 | ||
Goodwill | 2,465 | 2,508 | ||
Other | 94 | 102 | ||
Total intangible assets | 2,922 | 3,010 | ||
Investments and other assets | ||||
Investment securities | 68 | 64 | ||
Retirement benefit asset | 66 | 89 | ||
Deferred tax assets | 974 | 1,010 | ||
Other | 1,915 | 1,712 | ||
Allowance for doubtful accounts | (125) | (75) | ||
Total investments and other assets | 2,899 | 2,801 | ||
Total non-current assets | 22,227 | 22,413 | ||
Total assets | 55,595 | 55,645 |
ENDO Lighting Corporation (6932)
(Million yen)
As of March 31,2022 | As of September 30,2022 | |||
Liabilities | ||||
Current liabilities | ||||
Notes and accounts payable - trade | 5,058 | 3,657 | ||
Short-term borrowings | 2,500 | 2,450 | ||
Current portion of long-term borrowings | 4,764 | 4,674 | ||
Lease liabilities | 149 | 101 | ||
Income taxes payable | 552 | 340 | ||
Provision for bonuses | 597 | 279 | ||
Provision for bonuses for directors (and other | 193 | 124 | ||
officers) | ||||
Provision for product warranties | 634 | 771 | ||
Other | 2,170 | 2,581 | ||
Total current liabilities | 16,621 | 14,980 | ||
Non-current liabilities | ||||
Long-term borrowings | 8,503 | 7,851 | ||
Lease liabilities | 97 | 71 | ||
Deferred tax liabilities | 734 | 881 | ||
Provision for retirement benefits for directors (and | 453 | 112 | ||
other officers) | ||||
Retirement benefit liability | 227 | 258 | ||
Other | 714 | 787 | ||
Total non-current liabilities | 10,731 | 9,963 | ||
Total liabilities | 27,352 | 24,943 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 5,155 | 5,155 | ||
Capital surplus | 5,516 | 5,516 | ||
Retained earnings | 15,886 | 16,627 | ||
Treasury shares | (0) | (0) | ||
Total shareholders' equity | 26,558 | 27,299 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale | 10 | 8 | ||
securities | ||||
Deferred gains or losses on hedges | 113 | 98 | ||
Foreign currency translation adjustment | 1,628 | 3,353 | ||
Remeasurements of defined benefit plans | (67) | (58) | ||
Total accumulated other comprehensive income | 1,684 | 3,402 | ||
Non-controlling interests | 0 | 0 | ||
Total net assets | 28,243 | 30,702 | ||
Total liabilities and net assets | 55,595 | 55,645 |
ENDO Lighting Corporation (6932)
Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the six months)
(Million yen) | ||
For the six months | For the six months | |
ended September 30,2021 | ended September 30,2022 | |
Net sales | 18,952 | 21,187 |
Cost of sales | 11,579 | 13,723 |
Gross profit | 7,373 | 7,463 |
Selling, general and administrative expenses | 5,732 | 6,297 |
Operating profit | 1,640 | 1,166 |
Non-operating income | ||
Interest and dividend income | 36 | 32 |
Rental income | 68 | 70 |
Foreign exchange gains | 215 | 533 |
Other | 10 | 38 |
Total non-operating income | 332 | 675 |
Non-operating expenses | ||
Interest expenses | 59 | 49 |
Rental costs | 35 | 37 |
Loss on valuation of derivatives | - | 30 |
Other | 16 | 18 |
Total non-operating expenses | 112 | 135 |
Ordinary profit | 1,860 | 1,706 |
Extraordinary income | ||
Gain on sale of non-current assets | 0 | 1 |
Total extraordinary income | 0 | 1 |
Extraordinary losses | ||
Retirement benefits for directors (and other officers) | - | 338 |
Other | - | 0 |
Total extraordinary losses | - | 338 |
Profit before income taxes | 1,860 | 1,369 |
Income taxes - current | 408 | 280 |
Income taxes - deferred | 77 | 126 |
Total income taxes | 486 | 406 |
Profit | 1,374 | 962 |
Profit (loss) attributable to non-controlling interests | (0) | 0 |
Profit attributable to owners of parent | 1,374 | 962 |
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Endo Lighting Corporation published this content on 31 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2022 07:19:07 UTC.