Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
May 10, 2023
Consolidated Financial Results | |
for the Fiscal Year Ended March 31, 2023 | |
(Under Japanese GAAP) | |
Company name: | MITSUI-SOKO HOLDINGS Co., Ltd. |
Listing: | Tokyo Stock Exchange |
Securities code: | 9302 |
URL: | https://www.mitsui-soko.com/en/ |
Representative: | Hirobumi Koga, Representative Director, President & Group CEO |
Inquiries: | Takeshi Matsuki, General Manager of Finance and Accounting Division |
Telephone: | +81-3-6400-8006 |
Scheduled date of ordinary general meeting of shareholders:
Scheduled date to commence dividend payments:
Scheduled date to file annual securities report:
Preparation of supplementary material on financial results:
Holding of financial results briefing:
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated financial results for the fiscal year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)
(1) Consolidated operating results | (Percentages indicate year-on-year changes.) | ||||||||
Operating revenue | Operating profit | Ordinary profit | Profit attributable to | ||||||
owners of parent | |||||||||
Fiscal year ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |
March 31, 2023 | 300,836 | (0.1) | 25,961 | 0.1 | 26,533 | 3.8 | 15,617 | 7.7 | |
March 31, 2022 | 301,022 | 18.7 | 25,939 | 46.9 | 25,553 | 48.2 | 14,503 | 25.6 |
Note: Comprehensive income | For the fiscal year ended March 31, 2023: | ¥21,321 million | ((5.1)%) | |||||
For the fiscal year ended March 31, 2022: | ¥22,467 million | (43.7%) | ||||||
Basic earnings per | Diluted earnings | Ratio of ordinary | Ratio of operating | |||||
Return on equity | profit to total | profit to operating | ||||||
share | per share | |||||||
assets | revenue | |||||||
Fiscal year ended | Yen | Yen | % | % | % | |||
March 31, 2023 | 628.08 | - | 18.1 | 10.3 | 8.6 | |||
March 31, 2022 | 583.98 | - | 20.4 | 10.3 | 8.6 | |||
Reference: Share of profit (loss) of entities accounted for using equity method | ||||||||
For the fiscal year ended March 31, 2023: | ¥366 million | |||||||
For the fiscal year ended March 31, 2022: | ¥271 million |
(2) Consolidated financial position
Total assets | Net assets | ||
As of | Millions of yen | Millions of yen | |
March 31, 2023 | 258,679 | 104,078 | |
March 31, 2022 | 258,297 | 88,631 | |
Reference: Equity capital | |||
As of March 31, 2023: | ¥93,285 million | ||
As of March 31, 2022: | ¥79,458 million | ||
(3) Consolidated cash flows | |||
Cash flows from | Cash flows from | ||
operating activities | investing activities | ||
Fiscal year ended | Millions of yen | Millions of yen | |
March 31, 2023 | 32,340 | (6,326) | |
March 31, 2022 | 23,123 | (7,049) |
Equity ratio
%
36.1
30.8
Cash flows from
financing activities
Millions of yen
(16,053)
(17,218)
Net assets per share
Yen
3,750.18
3,199.28
Cash and cash
equivalents at end of
period
Millions of yen
33,417
22,822
2. Cash dividends
Annual dividends per share | ||||
First quarter- | Second | Third | Fiscal year- | |
end | quarter-end | quarter-end | end | |
Yen | Yen | Yen | Yen | |
Fiscal year | ||||
ended | - | 35.00 | - | 94.00 |
March 31, 2022 | ||||
Fiscal year | ||||
ended | - | 72.00 | - | 117.00 |
March 31, 2023 | ||||
Fiscal year | ||||
ending | - | 67.00 | - | 67.00 |
March 31, 2024 | ||||
(Forecast) |
Total
Yen
129.00
189.00
134.00
Payout | Ratio of | ||
Total | dividends | ||
ratio | to net | ||
dividends | |||
(Consoli- | assets | ||
(Total) | |||
dated) | (Consoli- | ||
dated) | |||
Millions of | % | % | |
yen | |||
3,203 | 22.1 | 4.5 | |
4,701 | 30.1 | 5.4 | |
30.3 | |||
- The amount of year-end dividend per share for the fiscal year ended March 31, 2023 has been changed from ¥115 to ¥117.
3. Consolidated earnings forecasts for the fiscal year ending March 31, 2024 (April 1, 2023 to March 31, 2024)
(Percentages indicate year-on-year changes.)
Operating revenue | Operating profit | Ordinary profit | Profit attributable to | Basic | |||||
earnings per | |||||||||
owners of parent | |||||||||
share | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
Six months ending | 140,000 | (11.0) | 10,000 | (26.9) | 9,700 | (32.9) | 5,500 | (40.0) | 221.19 |
September 30, 2023 | |||||||||
Fiscal year ending | 280,000 | (6.9) | 20,000 | (23.0) | 19,200 | (27.6) | 11,000 | (29.6) | 442.38 |
March 31, 2024 | |||||||||
4. Non-consolidated earnings forecasts for the fiscal year ending March 31, 2024 (April 1, 2023 to March 31, 2024)
(Percentages indicate year-on-year changes.)
Basic | ||||||||||
Operating revenue | Operating profit | Ordinary profit | Profit | earnings per | ||||||
share | ||||||||||
Millions of | % | Millions of | % | Millions of | % | Millions of | % | Yen | ||
Six months ending | yen | yen | yen | yen | ||||||
16,700 | 35.2 | 8,500 | 60.0 | 8,300 | 57.3 | 8,300 | 56.8 | 333.80 | ||
September 30, 2023 | ||||||||||
Fiscal year ending | 25,800 | 19.7 | 9,200 | 34.9 | 8,500 | 28.9 | 8,500 | 19.4 | 341.84 | |
March 31, 2024 | ||||||||||
* Notes
-
Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
Newly included: -
Excluded: - - Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards and other regulations: None
- Changes in accounting policies due to other reasons: None
- Changes in accounting estimates: None
- Restatement: None
- Number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2023 | 24,921,802 shares |
As of March 31, 2022 | 24,883,002 shares |
b. Number of treasury shares at the end of the period
As of March 31, 2023 | 46,808 shares |
As of March 31, 2022 | 46,684 shares |
c. Average number of shares outstanding during the period
Fiscal year ended March 31, 2023 | 24,865,377 shares |
Fiscal year ended March 31, 2022 | 24,836,324 shares |
- Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
-
Proper use of earnings forecasts, and other special matters
Figures for the forecasts, outlooks, and targets described in this report that are not historical facts are calculated based on the currently available information and uncertain factors that may have an effect on future performance. The actual results may differ from the forecasts. Regarding earnings forecasts, please refer to "b. Outlook for the next fiscal year" of "(1) Analysis of operating results" under "1. Overview of operating results and others" on page 2.
MITSUI-SOKO HOLDINGS Co., Ltd. (9302) | |||
Attached Materials | |||
Index | |||
1. Overview of operating results and others | 2 | ||
(1) | Analysis of operating results | 2 | |
(2) | Analysis of financial position | 4 | |
(3) | Basic policy on profit distribution and cash dividends for the fiscal year under review and the | ||
next fiscal year | 5 | ||
2. Status of the corporate group | 6 | ||
3. | Management policy | 7 | |
4. Basic concept regarding selection of accounting standards | 8 | ||
5. Consolidated financial statements and significant notes thereto | 9 | ||
(1) | Consolidated balance sheet | 9 | |
(2) | Consolidated statement of income and consolidated statement of comprehensive income | 11 | |
Consolidated statement of income | 11 | ||
Consolidated statement of comprehensive income | 13 | ||
(3) | Consolidated statement of changes in equity | 14 | |
(4) | Consolidated statement of cash flows | 16 | |
(5) | Notes to consolidated financial statements | 18 | |
Notes on premise of going concern | 18 | ||
Significant accounting policies for preparation of consolidated financial statements | 18 | ||
Changes in presentation | 21 | ||
Consolidated balance sheet | 22 | ||
Consolidated statement of comprehensive income | 23 | ||
Consolidated statement of changes in equity | 23 | ||
Consolidated statement of cash flows | 25 | ||
Securities | 25 | ||
Real estate for lease, etc | 26 | ||
Segment information, etc | 26 | ||
Per share information | 30 | ||
Significant subsequent events | 30 | ||
6. | Non-consolidated financial statements | 31 | |
(1) | Non-consolidated balance sheet | 31 | |
(2) | Non-consolidated statement of income | 33 | |
(3) | Non-consolidated statement of changes in equity | 34 | |
7. | Others | 36 | |
Reference materials on the financial results for the fiscal year ended March 31, 2023 | 36 |
- 1 -
MITSUI-SOKO HOLDINGS Co., Ltd. (9302)
1. Overview of operating results and others
- Analysis of operating results
a. Overview of the fiscal year under review
- Overall summary
(Millions of yen) | ||||
Consolidated total amount | Fiscal year ended | Fiscal year ended | Year-on-year | Changes |
March 31, 2022 | March 31, 2023 | comparison | ||
Operating revenue | 301,022 | 300,836 | (185) | (0.1)% |
Operating profit | 25,939 | 25,961 | 22 | 0.1% |
Ordinary profit | 25,553 | 26,533 | 980 | 3.8% |
Profit attributable to owners | 14,503 | 15,617 | 1,113 | 7.7% |
of parent | ||||
- Operating profit, ordinary profit, and profit all increased year-on-year, reaching record highs for the third consecutive year.
- With the effects of disruption to global supply chains subsiding, the resumption of economic and social activities continues. In this environment, the Group accurately grasped the rapidly changing needs of customers, and made proposals for alternate transportation routes and to increase efficiency in logistics. As a result, the Group acquired new customers, expanded the range of business contracts with existing customers and increased the handling volume in the freight forwarding business.
- Segment overview
- Logistics Business
(Millions of yen) | ||||
Logistics Business | Fiscal year ended | Fiscal year ended | Year-on-year | Changes |
March 31, 2022 | March 31, 2023 | comparison | ||
Operating revenue | 292,213 | 292,022 | (190) | (0.1)% |
Operating profit | 23,734 | 23,923 | 188 | 0.8% |
Business environment: The business environment surrounding the Company is as follows.
- The prolonging of the situation in Ukraine, global labor market tightness, persistent high energy procurement costs, as well as tight global monetary policy in response to rising prices, have led to constraints on businesses in the procurement of raw materials and components, and capital investment.
- However, in conjunction with the resumption of economic and social activities, the gradual recovery trend in production activities of businesses continues, albeit with some ups and downs.
- In addition, the shortage of marine containers and other disruptions in the marine shipping market, and constraints on available cargo space accompanying the decrease in the number of air passenger flights are beginning to ease. The shortages of sea and air transport space and the surge in freight costs are now coming to an end.
Operating situation: The situation regarding the operating activities of the Company is as follows.
- Upon experiencing supply chain disruptions, the Group accurately grasped the rapidly changing needs of customers, flexibly secured transport space and increased the handling volume in the freight forwarding business.
-
As a result of making the following proposals to customers, the Group acquired new customers, expanded the range of business contracts with existing customers and increased the handling volume in the overseas logistics business and the freight forwarding business.
- Proposed alternate transportation routes that contribute to customers' business continuity plans (BCPs)
- 2 -
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Disclaimer
Mitsui Soko Holdings Co. Ltd. published this content on 07 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2023 06:37:01 UTC.