February 2, 2023
Consolidated Financial Results
For the Third Quarter Ended December 31, 2022
Company name: IBIDEN CO., LTD. | ||||||||||
Stock exchange listings: Tokyo and Nagoya Stock Exchange | (Code number:4062) | |||||||||
URL: https://www.ibiden.com/ | ||||||||||
Representative: Takeshi Aoki, President & CEO, Representative Director | ||||||||||
Contact: Hisashi Sano, Vice President of Strategic Corporate Planning Operation | ||||||||||
(Tel. +81-584-81-3111) | ||||||||||
Filing date of quarterly securities report: February 7, 2023 | ||||||||||
(Amounts less than one million yen are omitted) | ||||||||||
1. Consolidated Financial Results for FY 2022 Third quarter (From April 1, 2022 to December 31, 2022) | ||||||||||
(1) Operating results | (Percentage figures indicate the change from the same period of the prior fiscal year) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable | |||||||
to owners of parent | ||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||
FY 2022 3rd quarter | 316,681 | 5.8 | 61,175 | 12.4 | 64,959 | 13.1 | 44,055 | 17.7 | ||
FY 2021 3rd quarter | 299,234 | 30.2 | 54,429 | 98.9 | 57,459 | 98.8 | 37,442 | 75.0 | ||
Note: Comprehensive income | ||||||||||
FY 2022 3rd quarter: 48,187 million yen (7.4%) | FY 2021 3rd quarter: 44,866 million yen (28.1%) | |||||||||
Basic earnings | Diluted earnings | |||||||||
per share | per share | |||||||||
Yen | Yen | |||||||||
FY 2022 3rd quarter | 315.51 | - | ||||||||
FY 2021 3rd quarter | 268.20 | - | ||||||||
(2) Financial positions | ||||||||||
Total assets | Net assets | Capital adequacy ratio | ||||||||
Million yen | Million yen | % | ||||||||
FY 2022 3rd quarter | 789,629 | 412,047 | 51.4 | |||||||
FY 2021 | 664,332 | 370,728 | 54.9 | |||||||
Note: Owner's equity | ||||||||||
As of December 31, 2022 : 405,760 million yen | As of March 31, 2022 : | 364,576 million yen |
2. Notes
- Material changes in subsidiaries during this period : None
- Applying of specific accounting of the consolidated quarterly financial statements: Yes
The provision for income taxes is computed by multiplying profit before income taxes by estimated annual effective tax rates. - Changes in accounting policies, accounting estimates and retrospective restatement (ⅰ) Changes in accounting policies based on revisions of accounting standard: None
(ⅱ) Changes in accounting policies other than the above: None
(ⅲ) Changes in accounting estimates: None
(ⅳ) Retrospective restatement: None - Number of shares issued and outstanding (common stock)
(ⅰ) Number of shares outstanding (including treasury stock): | |||
As of December 31, 2022 | 140,860,557 shares | As of March 31, 2022 | 140,860,557 shares |
(ⅱ) Number of treasury stock : | |||
As of December 31, 2022 | 1,210,604 shares | As of March 31, 2022 | 1,252,626 shares |
(ⅲ) Average number of shares:: | |||
FY 2022 3rd quarter | 139,632,916 shares | FY 2021 3rd quarter | 139,608,033 shares |
* This quarterly financial result is not subject to auditing firms' quarterly review procedure.
Consolidated balance sheet
(Million yen) | |||
As of | As of | Increase | |
Dec 31,2022 | Mar 31,2022 | (Decrease) | |
Assets | |||
Current assets | |||
Cash and deposits | 242,460 | 185,592 | 56,867 |
Notes and accounts receivable - trade, and | 75,649 | 92,083 | (16,433) |
contract assets | |||
Merchandise and finished goods | 36,972 | 26,822 | 10,149 |
Work in process | 22,534 | 19,785 | 2,748 |
Raw materials and supplies | 30,676 | 27,959 | 2,716 |
Other current assets | 16,754 | 11,120 | 5,633 |
Allowance for doubtful accounts | (76) | (94) | 17 |
Total current assets | 424,970 | 363,270 | 61,700 |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures | 75,614 | 76,266 | (651) |
Machinery, equipment and vehicles | 84,975 | 87,979 | (3,004) |
Land | 20,210 | 20,108 | 102 |
Lease assets | 257 | 285 | (27) |
Construction in progress | 106,568 | 34,013 | 72,554 |
Other - property, plant and equipment | 8,726 | 7,266 | 1,460 |
Total property, plant and equipment | 296,353 | 225,920 | 70,433 |
Intangible assets | 5,290 | 5,448 | (157) |
Investments and other assets | |||
Investment securities | 57,549 | 64,638 | (7,089) |
Long-term loans receivable | 8 | 8 | (0) |
Deferred tax assets | 3,988 | 3,951 | 37 |
Other assets | 1,706 | 1,343 | 363 |
Allowance for doubtful accounts | (238) | (247) | 9 |
Total investments and other assets | 63,014 | 69,693 | (6,679) |
Total non-current assets | 364,658 | 301,062 | 63,596 |
Total assets | 789,629 | 664,332 | 125,297 |
(Continued) |
(Million yen) | |||
As of | As of | Increase | |
Dec 31,2022 | Mar 31,2022 | (Decrease) | |
Liabilities and net assets | |||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 47,807 | 51,150 | (3,343) |
Short-term loans payable | 65,030 | 20,030 | 45,000 |
Current portion of bonds | - | 20,000 | (20,000) |
Accounts payable - other | 42,776 | 18,278 | 24,497 |
Income taxes payable | 8,345 | 14,909 | (6,563) |
Provision for bonuses | 2,122 | 5,384 | (3,262) |
Provision for bonuses for directors | - | 173 | (173) |
Provision for loss on liquidation of subsidiaries | 170 | 176 | (6) |
and associates | |||
Notes payable - facilities | 24,788 | 4,806 | 19,982 |
Other - current liabilities | 45,518 | 21,251 | 24,267 |
Total current liabilities | 236,558 | 156,160 | 80,398 |
Non-current liabilities | |||
Bonds payable | 100,000 | 50,000 | 50,000 |
Long-term loans payable | 35,000 | 80,000 | (45,000) |
Lease obligations | 186 | 199 | (13) |
Deferred tax liabilities for land revaluation | 68 | 68 | - |
Retirement benefit liability | 693 | 578 | 114 |
Provision for share-based compensation | 507 | 493 | 14 |
Deferred tax liabilities | 2,998 | 5,095 | (2,097) |
Other - non-current liabilities | 1,568 | 1,007 | 561 |
Total non-current liabilities | 141,023 | 137,443 | 3,579 |
Total liabilities | 377,582 | 293,603 | 83,978 |
(Continued) |
(Million yen) | |||
As of | As of | Increase | |
Dec 31,2022 | Mar 31,2022 | (Decrease) | |
Net assets | |||
Shareholders' equity | |||
Capital stock | 64,152 | 64,152 | - |
Capital surplus | 64,494 | 64,494 | 0 |
Retained earnings | 221,672 | 184,612 | 37,060 |
Treasury shares | (3,124) | (3,264) | 140 |
Total shareholders' equity | 347,195 | 309,994 | 37,200 |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale | 21,757 | 26,626 | (4,868) |
securities | |||
Revaluation reserve for land | 160 | 160 | - |
Foreign currency translation adjustment | 36,647 | 27,795 | 8,852 |
Total accumulated other comprehensive income | 58,565 | 54,581 | 3,983 |
Non-controlling interests | 6,287 | 6,152 | 134 |
Total net assets | 412,047 | 370,728 | 41,318 |
Total liabilities and net assets | 789,629 | 664,332 | 125,297 |
(Concluded) |
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Ibiden Co. Ltd. published this content on 02 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2023 08:19:07 UTC.