Quarterly Consolidated Financial Statements |
Included in the Quarterly Report |
Meiko Electronics Co., Ltd. |
and its consolidated subsidiaries |
For the third quarter and nine months ended December 31, 2016 |
(ENGLISH TRANSLATION) |
NOTE: |
This document is an excerpt translation of the Quarterly Report ("Shihanki Houkokusho") of Meiko Electronics Co., Ltd. (the "Company"), for the third quarter and nine months ended December 31, 2016, filed with the Director of the Kanto Local Finance Bureau of the Ministry of Finance of Japan pursuant to the Financial Instruments and Exchange Act of Japan on February 13, 2017. Please note that the quarterly consolidated financial statements in this document are a translation of the reviewed quarterly consolidated financial statements presented in Japanese. The translation of the quarterly consolidated financial statements and notes has NOT been audited by KPMG AZSA LLC, who reviewed the original Japanese figures. The Company provides this translation for your reference and convenience only without any warranty as to its accuracy. In case of any discrepancy between the translation and the Japanese original, the latter shall prevail. The final decision and responsibility for investments rests solely with the reader of this document. |
Financial Information | |
1 | Basis of preparation of the quarterly consolidated financial statements |
The quarterly consolidated financial statements of the Company are prepared in accordance with the "Ordinance on the Terminology, Forms, and Preparation Methods of Quarterly Consolidated Financial Statements" (Cabinet Office Ordinance No. 64 of 2007). | |
2 | Review reports |
The quarterly consolidated financial statements of the Company for the third quarter (October 1, 2016 - December 31, 2016), and those for the nine months ended December 31, 2016, were reviewed by KPMG AZSA LLC, pursuant to Article 193-2, Paragraph 1 of the Financial Instruments and Exchange Act of Japan. |
1 Consolidated Financial Statements | |||||||||
(1) Consolidated Balance Sheets | |||||||||
Meiko Electronics Co., Ltd. and its consolidated subsidiaries | |||||||||
Thousands of | |||||||||
Millions of yen | U.S. dollars | ||||||||
March 31, 2016 | December 31, 2016 | December 31, 2016 | |||||||
Assets | |||||||||
Current assets | |||||||||
Cash and deposits | ¥ | 19,532 | ¥ | 18,178 | $ | 156,047 | |||
Notes and accounts receivable-trade | 21,759 | *2 | 25,315 | *2 | 217,317 | ||||
Merchandise and finished goods | 3,855 | 5,026 | 43,144 | ||||||
Work in process | 3,263 | 3,562 | 30,579 | ||||||
Raw materials and supplies | 4,497 | 4,902 | 42,083 | ||||||
Other | 2,448 | 2,085 | 17,893 | ||||||
Allowance for doubtful accounts | (24) | (188) | (1,613) | ||||||
Total current assets | 55,330 | 58,880 | 505,450 | ||||||
Non-current assets | |||||||||
Property, plant and equipment | |||||||||
Buildings and structures, net | 21,016 | 19,945 | 171,219 | ||||||
Machinery, equipment and vehicles, net | 21,135 | 19,343 | 166,047 | ||||||
Land | 1,488 | 1,488 | 12,776 | ||||||
Construction in progress | 1,735 | 1,439 | 12,350 | ||||||
Other, net | 5,360 | 5,845 | 50,178 | ||||||
Total property, plant and equipment | 50,734 | 48,060 | 412,570 | ||||||
Intangible assets | 213 | 233 | 2,001 | ||||||
Investments and other assets | *1 | 3,328 | *1 | 3,242 | *1 | 27,830 | |||
Total non-current assets | 54,275 | 51,535 | 442,401 | ||||||
Total assets | ¥ | 109,605 | ¥ | 110,415 | $ | 947,851 |
Thousands of | ||||||||||
Millions of yen | U.S. dollars | |||||||||
March 31, 2016 | December 31, 2016 | December 31, 2016 | ||||||||
Liabilities | ||||||||||
Current liabilities | ||||||||||
Notes and accounts payable-trade | ¥ | 11,605 | *2 | ¥ | 14,595 | *2 | $ | 125,291 | ||
Short-term loans payable | *4 | 12,613 | *4 | 10,400 | *4 | 89,280 | ||||
Current portion of long-term loans payable | *4 | 11,746 | *4 | 12,756 | *4 | 109,499 | ||||
Income taxes payable | 147 | 345 | 2,965 | |||||||
Provision for bonuses | 495 | 238 | 2,040 | |||||||
Other | 5,384 | *2 | 8,332 | *2 | 71,529 | |||||
Total current liabilities | 41,990 | 46,666 | 400,604 | |||||||
Non-current liabilities | ||||||||||
Long-term loans payable | *4 | 32,254 | *4 | 29,177 | *4 | 250,471 | ||||
Provision for directors' retirement benefits | 239 | 239 | 2,052 | |||||||
Net defined benefit liability | 2,287 | 2,402 | 20,621 | |||||||
Other | 4,071 | 3,722 | 31,943 | |||||||
Total non-current liabilities | 38,851 | 35,540 | 305,087 | |||||||
Total liabilities | 80,841 | 82,206 | 705,691 | |||||||
Net assets | ||||||||||
Shareholders' equity | ||||||||||
Capital stock | 12,889 | 12,889 | 110,640 | |||||||
Capital surplus | 19,745 | 11,745 | 100,832 | |||||||
Retained earnings | (7,660) | 950 | 8,158 | |||||||
Treasury shares | (396) | (396) | (3,403) | |||||||
Total shareholders' equity | 24,578 | 25,188 | 216,227 | |||||||
Accumulated other comprehensive income | ||||||||||
Valuation difference on available-for-sale securities | 32 | 25 | 217 | |||||||
Deferred gains or losses on hedges | (337) | 41 | 352 | |||||||
Foreign currency translation adjustment | 4,476 | 2,916 | 25,022 | |||||||
Remeasurements of defined benefit plans | (246) | (210) | (1,799) | |||||||
Total accumulated other comprehensive income | 3,925 | 2,772 | 23,792 | |||||||
Non-controlling interests | 261 | 249 | 2,141 | |||||||
Total net assets | 28,764 | 28,209 | 242,160 | |||||||
Total liabilities and net assets | ¥ | 109,605 | ¥ | 110,415 | $ | 947,851 |
Meiko Electronics Co. Ltd. published this content on 09 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 March 2017 02:23:08 UTC.
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