ITO EN, LTD.
June 1, 2021
ITO EN, LTD. Securities numbers : 2593 (Common Stock)
: 25935 (Class-A Preferred Stock)
47-10, Honmachi 3 chome, Shibuya-ku, Tokyo | |
Consolidated Financial Results | Representative: Daisuke Honjo (President) |
For Immediate Release | |
Under Japanese Standards for the fiscal year ended April 30, 2021 (Unaudited) | |
Scheduled date of general shareholder's meeting: July 27, 2021 | Scheduled date of commencement of dividend payment: July 28, 2021 |
Scheduled filing date of securities report: July 28, 2021
Supplementary documents for financial results: Yes
Quarterly results presentation (for institutional investors and analysts): Yes
(Figures are rounded down to million yen.)
1. Consolidated Performance for the Fiscal Year Ended April 30, 2021 (May 1, 2020 - April 30, 2021)
(1) Consolidated Results of Operations - cumulative | (% changes as compared with the corresponding period of the previous fiscal year) | |||||||||||||
Net sales | Operating income | Ordinary income | Profit attributable to owners | |||||||||||
of parent | ||||||||||||||
Million yen | Million yen | Million yen | Million yen | |||||||||||
4/30/2021 | 446,281 | -7.7% | 16,675 | -16.4% | 17,029 | -12.4% | 7,011 | -10.0% | ||||||
4/30/2020 | 483,360 | -4.1% | 19,940 | -12.6% | 19,432 | -16.3% | 7,793 | -46.1% | ||||||
Note: Comprehensive income 4/30/2021: 8,672 million yen (47.1%) | 4/30/2020: 5,894 million yen (-59.1%) | |||||||||||||
Earnings per share | Earnings per share | Return on Equity | Ordinary income / | Operating income / | ||||||||||
(diluted) | Total assets | Net sales | ||||||||||||
Yen | Yen | |||||||||||||
4/30/2021 | 55.10 | 54.97 | 4.7% | 5.5% | 3.7% | |||||||||
4/30/2020 | 61.53 | 61.38 | 5.2% | 6.5% | 4.1% |
Reference: Equity in earnings (losses) of affiliated companies 4/30/2021: 114 million yen 4/30/2020: 91 million yen
Note: The above per share information pertains to Common Stock. For per share information for Class-A Preferred Stock, refer to "Reference" below.
(2) Consolidated Financial Position
Total assets | Net assets | Shareholders' equity ratio | Net assets per share | ||
Million yen | Million yen | Yen | |||
4/30/2021 | 333,065 | 153,057 | 45.6% | 1,250.37 | |
4/30/2020 | 290,651 | 149,695 | 51.0% | 1,221.92 | |
Reference: Equity | 4/30/2021: 151,773 million yen | 4/30/2020: 148,315 million yen. |
Note: The above per share information pertains to Common Stock. For per share information for Class-A Preferred Stock, refer to "Reference" below.
(3) Consolidated Cash Flows
Cash flows from | Cash flows from | Cash flows from | Cash and cash equivalents | |
operating activities | investing activities | financing activities | at end of period | |
Million yen | Million yen | Million Yen | Million yen | |
4/30/2021 | 25,351 | (7,514) | 25,813 | 107,763 |
4/30/2020 | 24,719 | (9,217) | (12,905) | 63,710 |
2. Dividends
Dividend per share | Total | Dividend | Dividend on | |||||||||
First | Second | Third | Fiscal | Total | dividend | payout ratio | net assets | |||||
quarter end | quarter end | quarter end | year end | paid | (consolidated) | (consolidated) | ||||||
Yen | Yen | Yen | Yen | Yen | Million yen | |||||||
4/30/2020 | - | 20.00 | - | 20.00 | 40.00 | 3,527 | 65.0% | 3.3% | ||||
4/30/2021 | - | 20.00 | - | 20.00 | 40.00 | 3,527 | 72.6% | 3.2% | ||||
4/30/2022 | - | 20.00 | - | 20.00 | 40.00 | 38.9% | ||||||
(Forecast) | ||||||||||||
Note: The above dividend per share pertains to Common Stock. For dividend per share for Class-A Preferred Stock, refer to "Reference" below. |
3. Forecasted Consolidated Results for the Fiscal Year Ending April 30, 2022 (May 1, 2021 - April 30, 2022)
(% represent changes from the previous fiscal year for the full year, and from the same period of the previous fiscal year for t he first half of the fiscal year (cumulative)
Net sales | Operating income | Ordinary income | Profit attributable to | Earnings | |||||
owners of parent | per share | ||||||||
Million yen | Million yen | Million yen | Million yen | Yen | |||||
10/31/2021 | 215,900 | - | 10,500 | 21.9% | 10,400 | 25.0% | 6,800 | 48.0% | 54.72 |
4/30/2022 | 410,000 | - | 20,000 | 19.9% | 19,800 | 16.3% | 12,800 | 82.5% | 102.84 |
Notes 1: As the Company will adopt the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29), etc. starting from the beginning of the fiscal year ending April 30, 2022, the forecasted consolidated results stated above are the forecasted figures for business performance that have applied the applicable accounting standard, etc. As a result, the rate of increase or decrease from the previous fiscal year is not shown, as net sales will be significantly affected by the application of such accounting standard, etc.
If the fiscal year ended April 30, 2021, is calculated using the same standards, net sales are expected to increase by 5.9% for the second quarter (cumulative) and 5.8% for the full year. There is no impact to operating income, ordinary income, and profit attributable to owners of parent before and after the adoption of the standard.
-
The above per share information in forecasted consolidated results pertains to Common Stock. For per share information for Class-A Preferred
Stock, refer to "Reference" below.
Notes
-
Changes in important subsidiaries during the period
(Changes in specific subsidiaries accompanied by a change in the scope of consolidation): None - Changes in accounting policies, changes in accounting estimates, and restatements
- Changes in accounting policies associated with in accounting standards: None
- Changes in accounting policies other than i. above: None
- Changes in accounting estimates: None
- Restatements: None
- Numbers of shares outstanding (common stock)
i. Numbers of shares outstanding (including treasury stock) | 4/30/2021 | 89,212,380 shares | 4/30/2020 | 89,212,380 shares |
ii. Numbers of treasury stock | 4/30/2021 | 1,012,267 shares | 4/30/2020 | 1,023,467 shares |
iii. Average number of shares during the period | 4/30/2021 | 88,195,444 shares | 4/30/2020 | 88,231,914 shares |
Note: The above "Number of outstanding shares" pertains to Common Stock. For "Number of outstanding shares" for Class -A Preferred Stock, refer to "Reference" below.
(Reference) Summary of Non-Consolidated Financial Results
1. Non-Consolidated Performance for Fiscal Year Ended April 30, 2021 (May 1, 2020 - April 30, 2021)
(1) Non-Consolidated Results of Operation | (% changes as compared with the corresponding period of the previous fiscal year) | |||||||
Net sales | Operating income | Ordinary income | Net income | |||||
Million yen | Million yen | Million yen | Million yen | |||||
4/30/2021 | 352,732 | -6.6% | 15,759 | -5.2% | 17,565 | -3.2% | 7,115 | -45.9% |
4/30/2020 | 377,787 | -4.2% | 16,626 | 4.9% | 18,142 | -2.5% | 13,148 | -1.0% |
Earnings per share | Earnings per share | |||||||
(diluted) | ||||||||
Yen | Yen | |||||||
4/30/2021 | 55.96 | 55.83 | ||||||
4/30/2020 | 105.69 | 105.44 |
Note: The above per share information pertains to Common Stock. For per share information for Class-A Preferred Stock, refer to "Reference" below.
(2) Non-Consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | ||
Million yen | Million yen | Yen | |||
4/30/2021 | 296,470 | 150,501 | 50.7% | 1,238.65 | |
4/30/2020 | 266,436 | 147,918 | 55.5% | 1,217.27 | |
Reference: Equity | 4/30/2021: 150,353 million yen | 4/30/2020: 147,751 million yen |
Note: The above per share information pertains to Common Stock. For per share information for Class-A Preferred Stock, refer to "Reference" below.
2.Forecasted Non-Consolidated Results for the Fiscal Year Ending April 30, 2022 (May 1, 2021 - April 30, 2022)
(% represent changes from the previous fiscal year for the full year, and from the same period of the previous fiscal year for t he first half of the fiscal year
(cumulative) | |||||||||
Net sales | Operating income | Ordinary income | Net income | Earnings | |||||
per share | |||||||||
Million yen | Million yen | Million yen | Million yen | Yen | |||||
10/31/2021 | 166,000 | - | 9,500 | 13.1% | 10,100 | 7.7% | 7,000 | 3.0% | 56.37 |
4/30/2022 | 311,000 | - | 17,000 | 7.9% | 17,600 | 0.2% | 11,400 | 60.2% | 91.30 |
Notes 1: As the Company will adopt the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29), etc. starting from the beginning of the fiscal year ending April 30, 2022, the forecasted non-consolidated results stated above are the forecasted figures for business performance that have applied the applicable accounting standard, etc. As a result, the rate of increase or decrease from the previous fiscal year is not shown, as net sales will be significantly affected by the application of such accounting standard, etc.
If the fiscal year ended April 30, 2021, is calculated using the same standards, net sales are expected to increase by 5.0% for the second quarter (cumulative) and 4.9% for the full year. There is no impact to operating income, ordinary income, and net income before and after the adoption of the standard.
2:The above per share information in forecasted non-consolidated results pertains to Common Stock. For per share information for Class-A Preferred Stock, refer to "Reference" below.
- Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
- Request for appropriate use of the business outlook and other special remarks
Forward-looking statements in this document, including forecasts, are based on information available to management at the time of the announcement, which management assumes to be reasonable. Therefore, our company does not guarantee the achievement of forecasts and other forward-looking statements. Because of variable factors, actual results may differ from the forecast figures. For the basis of presumption of the forecasted operation results and the notes on its use, refer to "1. Overview of the Management Operations' Results, etc., (4) Future Outlook" on page 4 in the Attachments.
Reference
(1) Per Share information of Class-A Preferred Stock in Consolidated Results of Operation
Earnings per share | Earnings per share | Net assets per share | |
(diluted) | |||
Yen | Yen | Yen | |
4/30/2021 | 65.10 | 64.97 | 1,255.37 |
4/30/2020 | 71.53 | 71.38 | 1,226.92 |
(2) Dividends per Share - Class-A Preferred Stock
Dividend per share | Total | Dividend | Dividend on | |||||||||
First quarter | Second | Third quarter | Fiscal year | Total | dividend | payout ratio | net assets | |||||
end | quarter end | end | end | paid | (consolidated) | (consolidated) | ||||||
Yen | Yen | Yen | Yen | Yen | Million yen | |||||||
4/30/2020 | - | 25.00 | - | 25.00 | 50.00 | 1,652 | 69.9% | 4.1% | ||||
4/30/2021 | - | 25.00 | - | 25.00 | 50.00 | 1,652 | 76.8% | 4.0% | ||||
4/30/2022 | - | 25.00 | - | 25.00 | 50.00 | 44.3% | ||||||
(Forecast) | ||||||||||||
(3) Per Share information of Class-A Preferred Stock in Forecasted Consolidated Results
Earnings per share | Earnings per share (Non- | |
(Consolidated) | Consolidated) | |
Yen | Yen | |
10/31/2021 | 59.72 | 61.37 |
4/30/2022 | 112.84 | 101.30 |
(4) Numbers of Outstanding Shares - Class-A Preferred Stock
i. Numbers of outstanding shares (including treasury stock) | 4/30/2021 | 34,246,962 shares | 4/30/2020 | 34,246,962 shares |
ii. Numbers of treasury stock | 4/30/2021 | 1,196,320 shares | 4/30/2020 | 1,192,090 shares |
iii. Average number of shares during the period | 4/30/2021 | 33,053,124 shares | 4/30/2020 | 33,056,063 shares |
(5) Per Share information of Class-A Preferred Stock in Non-Consolidated Results of Operation
Net income per share | Net income per share | Net assets per share | |
(diluted) | |||
Yen | Yen | Yen | |
4/30/2021 | 65.96 | 65.83 | 1,243.65 |
4/30/2020 | 115.69 | 115.44 | 1,222.27 |
Contents of Attachments | ||
1. Overview of the Management Operations' Results, etc. .......................................................................... | 2 | |
(1) | Overview of the Management Operations' Results in the Current Financial Year ................................................... | 2 |
(2) | Overview of the Financial Position in the Current Financial Year .......................................................................... | 3 |
(3) | Overview of the Cash flows in the Current Financial Year..................................................................................... | 4 |
(4) | Future Outlook ..................................................................................................................................................... | 4 |
2. Basic Policies Concerning Selection of Accounting Standards ................................................................ | 5 | |
3. Consolidated Financial Statements and Main Notes................................................................................ | 6 | |
(1) | Consolidated Balance Sheets................................................................................................................................. | 6 |
(2) | Consolidated Statements of Income and Comprehensive Income ........................................................................... | 8 |
Consolidated Statements of Income....................................................................................................................... | 8 | |
Consolidated Comprehensive Income.................................................................................................................... | 9 | |
(3) | Consolidated Statement of Changes in Shareholders' Equity ............................................................................... | 10 |
(4) | Consolidated Statements of Cash Flows .............................................................................................................. | 12 |
(5) | Notes to Consolidated Financial Statements ........................................................................................................ | 14 |
(Note Regarding the Company's Position as a Going Concern)............................................................................ | 14 | |
(Basis of Presentation of Consolidated Financial Statements) .............................................................................. | 14 | |
(Change in presentation method)......................................................................................................................... | 14 | |
(Notes to Consolidated Statements of Income) .................................................................................................... | 15 | |
(Segment Information, etc.) ................................................................................................................................ | 17 | |
(Notes to Per Share Data).................................................................................................................................... | 18 | |
(Notes to Subsequent Events).............................................................................................................................. | 18 |
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ITO EN Ltd. published this content on 01 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2021 06:03:02 UTC.