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.
August 7, 2020
Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2020 (Based on IFRS)
Company name: | Iida Group Holdings Co., Ltd. |
Listing: | Tokyo Stock Exchange (First Section) |
Stock code: | 3291 |
URL: | https://www.ighd.co.jp/ |
Representative: | Yoichi Nishikawa, President and Representative Director |
For Inquiry: | Hiroshi Nishino, Senior Board Director |
Tel: +81-422-38-8828 |
Scheduled date to file quarterly securities report: August 7, 2020
Scheduled date to commence dividend payments: -
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results meeting: No
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the first three months ended June 30, 2020 (from April 1, 2020 to June 30, 2020)
(1) Consolidated operating results (cumulative)
Profit before | Profit | Total | ||||||||||||||||
Revenue | Operating profit | Net profit | attributable | |||||||||||||||
comprehensive | ||||||||||||||||||
income taxes | to owners of the | |||||||||||||||||
parent company | income | |||||||||||||||||
Three months ended | Millions | % | Millions | % | Millions | % | Millions | % | Millions | % | Millions | % | ||||||
of yen | of yen | of yen | of yen | of yen | of yen | |||||||||||||
June 30, 2020 | 321,971 | 7.6 | 15,743 | (22.2) | 16,182 | (15.3) | 11,057 | (13.9) | 10,939 | (14.1) | 10,889 | 10.7 | ||||||
June 30, 2019 | 299,169 | (2.8) | 20,242 | (15.1) | 19,112 | (17.8) | 12,847 | (19.0) | 12,738 | (19.7) | 9,835 | (37.1) | ||||||
Basic earnings per | Diluted earnings | |||||||||||||||||
share | per share | |||||||||||||||||
Three months ended | Yen | Yen | ||||||||||||||||
June 30, 2020 | 37.93 | - | ||||||||||||||||
June 30, 2019 | 44.17 | - |
Note: "Basic earnings per share" is calculated based on "Profit attributable to owners of the parent company."
- 1 -
(2) Consolidated financial position
Equity | Ratio of equity | |||
attributable to | ||||
Total assets | Total equity | attributable to | ||
owners of the | ||||
owners of the | ||||
parent company to | ||||
parent company | ||||
total assets | ||||
As of | Millions of yen | Millions of yen | Millions of yen | % |
June 30, 2020 | 1,511,425 | 796,521 | 794,899 | 52.6 |
March 31, 2020 | 1,536,537 | 794,639 | 793,068 | 51.6 |
2. Cash dividends
Annual dividends per share | |||||||
Q1 | Q2 | Q3 | Q4 | Total | |||
Yen | Yen | Yen | Yen | Yen | |||
Year ended March | - | 31.00 | - | 31.00 | 62.00 | ||
31, 2020 | |||||||
Year ending | - | ||||||
March 31, 2021 | |||||||
Year ending | |||||||
March 31, 2021 | 16.00 | - | 16.00 | 32.00 | |||
(Forecast) | |||||||
Note: Revisions to the forecasts of cash dividends most recently announced: No
3. Forecast of consolidated results for the fiscal year ending March 31, 2021 (from April 1, 2020 to March 31, 2021)
The forecast of consolidated results for the fiscal year ending March 31, 2021 has not yet been determined at this point as it is difficult to rationally estimate the impact of the spread of the novel coronavirus disease (COVID-19) on business activities and operating results. The forecast will be disclosed promptly once it is possible to make a reasonable estimate.
- 2 -
- Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): No
- Changes in accounting policies and changes in accounting estimates
a. Changes in accounting policies required by IFRSs: | Yes | ||||
b. Changes in accounting policies other than the above: | No | ||||
c. Changes in accounting estimates: | No | ||||
(3) Number of issued shares (common stock) | |||||
Total number of issued shares at | 294,431,639 | 294,431,639 | |||
the end of the period (including | As of June 30, 2020 | As of March 31, 2020 | |||
treasury stock) | shares | shares | |||
Number of treasury stock at the | As of June 30, 2020 | 6,050,995 | As of March 31, 2020 | 6,050,899 | |
end of the period | shares | shares | |||
Average number of shares during | Three months ended | 288,380,682 | Three months ended | 288,381,567 | |
the period (Cumulative from the | June 30, 2020 | shares | June 30, 2019 | shares | |
beginning of the fiscal year) | |||||
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
-
Explanation of appropriate use of financial results forecast and other remarks
As it is difficult to rationally estimate financial results, the forecast of consolidated results for the fiscal year ending March 31, 2021 has not yet been determined. The forecast will be disclosed promptly once it is possible to make a reasonable estimate.
(How to obtain supplementary material on quarterly financial results)
Supplementary material on quarterly financial results for the three months ended June 30, 2020 is planned to be available on our website on August 7, 2020.
- 3 -
Condensed Quarterly Consolidated Financial Statements
Condensed Quarterly Consolidated Statement of Financial Position
(Unit: Millions of yen) | |||||
As of March 31, 2020 | As of June 30, 2020 | ||||
Assets | |||||
Current assets | |||||
Cash and deposit | 387,003 | 375,431 | |||
Trade and other receivables | 6,887 | 5,491 | |||
Contract assets | 4,183 | 6,281 | |||
Inventories | 709,240 | 695,033 | |||
Operating loans and operating accounts receivable | 38,606 | 37,569 | |||
Income taxes receivable | 8,613 | 8,595 | |||
Other financial assets | 3,841 | 3,827 | |||
Other current assets | 12,159 | 7,705 | |||
Total current assets | 1,170,535 | 1,139,937 | |||
Non-current assets | |||||
Property, plant and equipment | 102,258 | 105,076 | |||
Right-of-use assets | 16,887 | 16,501 | |||
Goodwill | 199,776 | 199,776 | |||
Intangible assets | 1,750 | 1,705 | |||
Other financial assets | 33,003 | 36,527 | |||
Deferred tax assets | 11,964 | 11,522 | |||
Other non-current assets | 361 | 378 | |||
Total non-current assets | 366,001 | 371,488 | |||
Total assets | 1,536,537 | 1,511,425 |
- 4 -
(Unit: Millions of yen) | ||||
As of March 31, 2020 | As of June 30, 2020 | |||
Liabilities and equity | ||||
Liabilities | ||||
Current liabilities | ||||
Bonds and borrowings | 321,592 | 317,289 | ||
Lease liabilities | 4,574 | 4,611 | ||
Trade and other payables | 138,055 | 130,126 | ||
Other financial liabilities | 10,101 | 4,209 | ||
Income taxes payable | 13,023 | 5,090 | ||
Contract liabilities | 5,533 | 6,395 | ||
Other current liabilities | 16,753 | 15,960 | ||
Total current liabilities | 509,635 | 483,684 | ||
Non-current liabilities | ||||
Bonds and borrowings | 202,438 | 201,464 | ||
Lease liabilities | 13,589 | 13,101 | ||
Other financial liabilities | 1,309 | 1,335 | ||
Retirement benefit liability | 9,489 | 9,717 | ||
Provisions | 4,608 | 4,851 | ||
Deferred tax liabilities | 569 | 493 | ||
Other non-current liabilities | 257 | 256 | ||
Total non-current liabilities | 232,262 | 231,220 | ||
Total liabilities | ||||
741,897 | 714,904 | |||
Equity | ||||
Capital stock | 10,000 | 10,000 | ||
Capital surplus | 418,941 | 418,161 | ||
Retained earnings | 379,073 | 381,853 | ||
Treasury stock | (13,203) | (13,203) | ||
Other components of equity | (1,743) | (1,911) | ||
Equity attributable to owners of the parent company | 793,068 | 794,899 | ||
Non-controlling interests | 1,571 | 1,621 | ||
Total equity | 794,639 | 796,521 | ||
Total liabilities and equity | ||||
1,536,537 | 1,511,425 |
- 5 -
Condensed Quarterly Consolidated Statement of Profit or Loss (Cumulative) and Condensed Quarterly Consolidated Statements of Comprehensive Income (Cumulative)
Condensed Quarterly Consolidated Statement of Profit or Loss (Cumulative)
(Unit: Millions of yen) | |||
Three Months Ended | Three Months Ended | ||
June 30, 2019 | June 30, 2020 | ||
Revenue | 299,169 | 321,971 | |
Cost of sales | (249,883) | (276,259) | |
Gross profit | 49,285 | 45,712 | |
Selling, general and administrative expenses | (29,225) | (30,104) | |
Other income | 343 | 326 | |
Other expenses | (160) | (190) | |
Operating income | 20,242 | 15,743 | |
Financial income | 109 | 1,373 | |
Financial cost | (1,239) | (934) | |
Profit before income taxes | 19,112 | 16,182 | |
Income tax expenses | (6,265) | (5,125) | |
Net Profit | 12,847 | 11,057 | |
Attributable to | |||
Owners of the parent company | 12,738 | 10,939 | |
Non-controlling interests | 109 | 117 | |
Net Profit | 12,847 | 11,057 | |
Earnings per share | |||
Basic earnings per share (Unit: Yen) | 44.17 | 37.93 | |
Diluted earnings per share (Unit: Yen) | - | - |
- 6 -
Condensed Quarterly Consolidated Statements of Comprehensive Income (Cumulative)
(Unit: Millions of yen) | ||||
Three Months Ended | Three Months Ended | |||
June 30, 2019 | June 30, 2020 | |||
Profit | 12,847 | 11,057 | ||
Other comprehensive income (loss) | ||||
Items that will not be reclassified subsequently to profit or | ||||
loss | ||||
Financial assets measured at fair value through other | (3,011) | (168) | ||
comprehensive income | ||||
Total items that will not be reclassified subsequently to | (3,011) | (168) | ||
profit or loss | ||||
Other comprehensive income (loss) after income taxes | (3,011) | (168) | ||
Comprehensive income | 9,835 | 10,889 | ||
Attributable to | ||||
Owners of the parent company | 9,726 | 10,771 | ||
Non-controlling interests | 109 | 117 | ||
Comprehensive income | 9,835 | 10,889 |
- 7 -
Condensed Quarterly Consolidated Statement of Changes in Equity
Three Months Ended June 30, 2019 (From April 1, 2019 to June 30, 2019)
(Unit: Millions of yen)
Equity attributable to owners of the parent company | ||||||||||||
Other components of equity | ||||||||||||
Financial | ||||||||||||
Remeasure- | assets | |||||||||||
measured at | ||||||||||||
Capital | Capital | Retained | Treasury | ments of | fair value | |||||||
stock | surplus | earnings | stock | defined benefit | through | |||||||
pension plans | other | |||||||||||
comprehen- | ||||||||||||
sive income | ||||||||||||
As of April 1, 2019 | 10,000 | 418,913 | 341,567 | (13,201) | (434) | 1,344 | ||||||
Changes in accounting | - | - | (261) | - | - | - | ||||||
policies | ||||||||||||
Revised as of April 1, 2019 | 10,000 | 418,913 | 341,306 | (13,201) | (434) | 1,344 | ||||||
Profit | - | - | 12,738 | - | - | - | ||||||
Other comprehensive | - | - | - | - | - | (3,011) | ||||||
income (loss) | ||||||||||||
Comprehensive income | - | - | 12,738 | - | - | (3,011) | ||||||
Dividends | - | - | (8,939) | - | - | - | ||||||
Change of treasury | - | - | - | (0) | - | - | ||||||
stock | ||||||||||||
Other | - | 27 | 1,913 | - | - | - | ||||||
Total transactions with | - | 27 | (7,026) | (0) | - | - | ||||||
owners | ||||||||||||
As of June 30, 2019 | 10,000 | 418,941 | 347,018 | (13,202) | (434) | (1,667) |
(Unit: Millions of yen)
Equity attributable to owners
of the parent company
Other | Non- | |||||||
components | controlling | Total | ||||||
of equity | Total | interests | ||||||
Total | ||||||||
As of April 1, 2019 | 910 | 758,190 | 30 | 758,220 | ||||
Changes in accounting | - | (261) | - | (261) | ||||
policies | ||||||||
Revised as of April 1, 2019 | 910 | 757,929 | 30 | 757,959 | ||||
Profit | - | 12,738 | 109 | 12,847 | ||||
Other comprehensive | (3,011) | (3,011) | - | (3,011) | ||||
income (loss) | ||||||||
Comprehensive income | (3,011) | 9,726 | 109 | 9,835 | ||||
Dividends | - | (8,939) | (44) | (8,984) | ||||
Change of treasury | - | (0) | - | (0) | ||||
stock | ||||||||
Other | - | 1,941 | 1,233 | 3,175 | ||||
Total transactions with | ||||||||
- | (6,998) | 1,189 | (5,809) | |||||
owners | ||||||||
As of June 30, 2019 | ||||||||
(2,101) | 760,656 | 1,329 | 761,986 |
- 8 -
Condensed Quarterly Consolidated Statement of Changes in Equity
Three Months Ended June 30, 2020 (From April 1, 2020 to June 30, 2020)
(Unit: Millions of yen)
Equity attributable to owners of the parent company | ||||||||||||
Other components of equity | ||||||||||||
Financial | ||||||||||||
Remeasure- | assets | |||||||||||
measured at | ||||||||||||
Capital | Capital | Retained | Treasury | ments of | fair value | |||||||
stock | surplus | earnings | stock | defined benefit | through | |||||||
pension plans | other | |||||||||||
comprehen- | ||||||||||||
sive income | ||||||||||||
As of April 1, 2020 | 10,000 | 418,941 | 379,073 | (13,203) | (394) | (1,349) | ||||||
Profit | - | - | 10,939 | - | - | - | ||||||
Other comprehensive | - | - | - | - | - | (168) | ||||||
income (loss) | ||||||||||||
Comprehensive income | - | - | 10,939 | - | - | (168) | ||||||
Dividends | - | - | (8,939) | - | - | - | ||||||
Change of treasury | - | - | - | (0) | - | - | ||||||
stock | ||||||||||||
Forfeiture of share | - | (780) | 780 | - | - | - | ||||||
acquisition rights | ||||||||||||
Total transactions with | - | (780) | (8,159) | (0) | - | - | ||||||
owners | ||||||||||||
As of June 30, 2020 | 10,000 | 418,161 | 381,853 | (13,203) | (394) | (1,517) | ||||||
(Unit: Millions of yen)
Equity attributable to owners
of the parent company
Other | Non- | |||||||
components | controlling | Total | ||||||
of equity | Total | interests | ||||||
Total | ||||||||
As of April 1, 2020 | (1,743) | 793,068 | 1,571 | 794,639 | ||||
Profit | - | 10,939 | 117 | 11,057 | ||||
Other comprehensive | (168) | (168) | - | (168) | ||||
income (loss) | ||||||||
Comprehensive income | (168) | 10,771 | 117 | 10,889 | ||||
Dividends | - | (8,939) | (67) | (9,007) | ||||
Change of treasury | - | (0) | - | (0) | ||||
stock | ||||||||
Forfeiture of share | - | - | - | - | ||||
acquisition rights | ||||||||
Total transactions with | - | (8,939) | (67) | (9,007) | ||||
owners | ||||||||
As of June 30, 2020 | (1,911) | 794,899 | 1,621 | 796,521 |
- 9 -
Condensed Quarterly Consolidated Statement of Cash Flows
(Unit: Millions of yen) | ||||
Three Months Ended | Three Months Ended | |||
June 30, 2019 | June 30, 2020 | |||
Cash flows from operating activities | ||||
Profit before income taxes | 19,112 | 16,182 | ||
Depreciation and amortization | 1,969 | 2,388 | ||
Financial income | (109) | (1,373) | ||
Financial cost | 1,239 | 934 | ||
Decrease (increase) in inventories | (55,232) | 12,651 | ||
Decrease (increase) in loans and receivables | 3,336 | 1,036 | ||
Increase (decrease) in trade payables and other | (4,940) | (7,469) | ||
liabilities | ||||
Other | 3,657 | 4,735 | ||
Subtotal | (30,967) | 29,085 | ||
Proceeds from subsidy income | 2,677 | - | ||
Interest and dividends received | 26 | 35 | ||
Interest paid | (859) | (988) | ||
Income taxes paid | (24,441) | (18,668) | ||
Income taxes refunded | 10 | 1 | ||
Net cash provided by (used in) operating activities | (53,554) | 9,466 | ||
Cash flows from investing activities | ||||
Payments into time deposits | (370) | (350) | ||
Proceeds from withdrawal of time deposits | 870 | 500 | ||
Purchase of property, plant and equipment | (3,634) | (2,885) | ||
Proceeds from sales of property, plant and equipment | 7 | 2 | ||
Purchase of intangible assets | (122) | (105) | ||
Purchase of investment securities | (0) | (1,937) | ||
Proceeds from sale of investments, redemption | 0 | - | ||
Payments of loans receivable | (775) | (547) | ||
Proceeds from collection of loans | 413 | 48 | ||
Other | 25 | (8) | ||
Net cash provided by (used in) investing activities | (3,585) | (5,284) | ||
Cash flows from financing activities | ||||
Net increase (decrease) in short-term loans payable | 14,609 | 25,878 | ||
Proceeds from long-term loans payable | 34 | - | ||
Repayments of long-term loans payable | (531) | (1,222) | ||
Redemption of bonds | - | (30,000) | ||
Repayments of lease liabilities | (1,147) | (1,360) | ||
Cash dividends paid | (8,871) | (8,872) | ||
Other | (44) | (67) | ||
Net cash provided by (used in) financing activities | 4,048 | (15,644) | ||
Effect of exchange rate change on cash and cash | (2) | 39 | ||
equivalents | ||||
Net increase (decrease) in cash and cash equivalents | (53,094) | (11,422) | ||
Cash and cash equivalents at the beginning of period | 337,110 | 384,335 | ||
Cash and cash equivalents at the end of period | 284,016 | 372,912 |
- 10 -
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Iida Group Holdings Co. Ltd. published this content on 18 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2020 07:47:14 UTC