ITO EN, LTD.
Consolidated Financial Results
September 1, 2021
ITO EN, LTD. Securities numbers : 2593 (Common Stock)
: 25935 (Class-A Preferred Stock)
47-10, Honmachi 3 chome, Shibuya-ku, Tokyo Representative: Daisuke Honjo (President)
For Immediate Release
Under Japanese Standards for the First Quarter of the fiscal year ending April 30, 2022 (Unaudited)
Scheduled filing date of quarterly securities report: September 13, 2021
Scheduled date of commencement of dividend payment: -
Supplementary documents for quarterly results prepared: Yes
Quarterly results presentation held: None
(Figures are rounded down to million yen.)
1. Consolidated Performance for the First Quarter of the Fiscal Year Ending April 30, 2022 (May 1, 2021 - July 31, 2021)
(1) Consolidated Results of Operations - cumulative | (% indicates year on year changes) | ||||||||
Net sales | Operating income | Ordinary income | Profit attributable to owners | ||||||
of parent | |||||||||
Million yen | Million yen | Million yen | Million yen | ||||||
7/31/2021 | 105,775 | - | 6,312 | 49.7% | 6,461 | 62.2% | 4,464 | 124.0% | |
7/31/2020 | 112,714 | -13.5% | 4,216 | -32.1% | 3,984 | -32.3% | 1,993 | -45.5% | |
Note 1: Comprehensive income 7/31/2021: 4,546 million yen (140.0%) | 7/31/2020: 1,894 million yen (-29.6%) | ||||||||
Earnings per share | Earnings per share (diluted) | ||||||||
Yen | Yen | ||||||||
7/31/2021 | 36.82 | 36.74 | |||||||
7/31/2020 | 16.44 | 16.40 |
Note 2: The above per share information pertains to Common Stock. For per share information for Class-A Preferred Stock, refer to "Reference" below.
Note 3: The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations from the beginning of the first quarter under review, and each figure for the first quarter of the fiscal year ending April 30, 2022, is the figure after applying the accounting standard and relevant ASBJ regulations. Because this will have a significant impact on net sales, the year on year percentage change in net sales is not shown.
If net sales for the first quarter of the fiscal year ended April 30, 2021 are calculated using the same standards, net sales increased by 8.2%.
(2) Consolidated Financial Position
Total assets | Net assets | Shareholders' equity ratio | |||
Million yen | Million yen | ||||
7/31/2021 | 337,902 | 154,501 | 45.4% | ||
4/30/2021 | 333,065 | 153,057 | 45.6% | ||
Reference: Shareholders' equity | 7/31/2021: 153,290 million yen | 4/30/2021: 151,773 million yen |
Note: The Company has applied the Accounting Standard for Revenue Recognition, etc. from the beginning of the first quarter under review, and each figure as of July 31, 2021, is the figure after applying the said accounting standard, etc.
2. Dividends
Dividend per share | ||||||
First quarter end | Second quarter end | Third quarter end | Year end | Full year | ||
Yen | Yen | Yen | Yen | Yen | ||
4/30/2021 | - | 20.00 | - | 20.00 | 40.00 | |
4/30/2022 | - | |||||
4/30/2022 | 20.00 | - | 20.00 | 40.00 | ||
(Forecast) | ||||||
Note 1: Revision to the most recently disclosed dividend forecast: None
Note 2: 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)
(% indicates year on year changes)
Net sales | Operating income | Ordinary income | Profit attributable to | Earnings per | |||||
owners of parent | 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 |
Note 1: Revision to the most recently forecasted consolidated results: None
Note 2: 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.
Note 3: Because the Company has applied the Accounting Standard for Revenue Recognition, etc. from the beginning of the first quarter under review, the forecasted consolidated results are based on this accounting standard. Since this will have a significant impact on net sales, the year on year percentage change in net sales is not shown.
If net sales for the fiscal year ended April 30, 2021, are 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.
Notes
-
Changes in important subsidiaries during the period
(Changes in specific subsidiaries accompanied by a change in the scope of consolidation): None - Application of special accounting methods in preparation for quarterly consolidated financial statements: Yes
Note: Application of simplified accounting and specific for preparing the quarterly consolidated financial statements. - Changes in accounting policies, changes in accounting estimates, and restatements
- Changes in accounting policies associated with in accounting standards: Yes
- Changes in accounting policies other than i. above: None
- Changes in accounting estimates: None
- Restatements: None
Note: For further details, please refer to the section of "(3) Notes to Quarterly Consolidated Financial Statements, (Changes in Accounting Policies)" of "2. Quarterly Consolidated Financial Statements and Main Notes" on page 8 of the attached material.
(4) Number of outstanding shares (common stock) | ||||
i. Number of outstanding shares (including treasury stock) | 7/31/2021 | 89,212,380 shares | 4/30/2021 | 89,212,380 shares |
ii. Number of treasury stock | 7/31/2021 | 1,008,517 shares | 4/30/2021 | 1,012,267 shares |
iii. Average number of shares during the period | 7/31/2021 | 88,202,620 shares | 7/31/2020 | 88,188,913 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.
- Quarterly financial results reports are exempt from quarterly review 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 "Explanations Regarding Forecasts for Consolidated Results and Future Outlook" on page 3.
Reference
(1) Per share information of Class-A Preferred Stock
Earnings per share | Earnings per share | |
(diluted) | ||
Yen | Yen | |
7/31/2021 | 36.82 | 36.74 |
7/31/2020 | 16.44 | 16.40 |
(2) Dividends - Class-A Preferred Stock
Dividend per share | ||||||
First quarter end | Second quarter end | Third quarter end | Year end | Full year | ||
Yen | Yen | Yen | Yen | Yen | ||
4/30/2021 | - | 25.00 | - | 25.00 | 50.00 | |
4/30/2022 | - | |||||
4/30/2022 | 25.00 | - | 25.00 | 50.00 | ||
(Forecast) | ||||||
Note: Revision to the most recently disclosed dividend forecast: None |
(3) Per share information of Class-A Preferred Stock in forecasted consolidated results
Earnings per share | |
(Consolidated) | |
Yen | |
10/31/2021 | 59.72 |
4/30/2022 | 112.84 |
Note: Revision to the most recently forecasted consolidated results: None
(4) Number of outstanding shares - Class-A Preferred Stock
i. Number of outstanding shares (including treasury stock) | 7/31/2021 | 34,246,962 shares | 4/30/2021 | 34,246,962 shares |
ii. Number of treasury stock | 7/31/2021 | 1,196,740 shares | 4/30/2021 | 1,196,320 shares |
iii. Average number of shares during the period | 7/31/2021 | 33,050,442 shares | 7/31/2020 | 33,054,605 shares |
Contents of Attachments | ||
1. Qualitative Information Regarding Consolidated Financial Results for This Quarter ................................. | 2 | |
(1) | Explanations Regarding Consolidated Results of Operations............................................................................................ | 2 |
(2) | Explanations Regarding Consolidated Financial Position ................................................................................................. | 3 |
(3) | Explanations Regarding Forecasts for Consolidated Results and Future Outlook............................................................. | 3 |
2. Quarterly Consolidated Financial Statements and Main Notes ....................................................................... | 4 | |
(1) | Quarterly Consolidated Balance Sheet............................................................................................................................... | 4 |
(2) | Quarterly Consolidated Statement of Income and Comprehensive Income....................................................................... | 6 |
Quarterly Consolidated Statement of Income [First quarter period].................................................................................. | 6 | |
Quarterly Consolidated Statement of Comprehensive Income [First quarter period] ........................................................ | 7 | |
(3) | Notes to Quarterly Consolidated Financial Statements...................................................................................................... | 8 |
(Note Regarding the Company's Position as a Going Concern) ........................................................................................ | 8 | |
(Note Regarding Significant Changes in the Amount of Shareholders' Equity)................................................................ | 8 | |
(Application of Special Accounting Methods in Preparation for Quarterly Consolidated Financial Statements) ............. | 8 | |
(Changes in Accounting Policies) ...................................................................................................................................... | 8 | |
(Segment Information) ....................................................................................................................................................... | 9 |
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ITO EN Ltd. published this content on 01 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2021 06:01:01 UTC.