Translation
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.
Summary of Consolidated Financial Results
for the Year Ended March 31, 2022
(Based on Japanese GAAP)
May 13, 2022 | ||||||||||||||||||
Company name: | Moriroku Holdings Company, Ltd. | |||||||||||||||||
Stock exchange listing: | Tokyo | |||||||||||||||||
Stock code: | 4249 | URL https://www.moriroku.co.jp/ | ||||||||||||||||
Representative: | President and CEO | Takashi Kurita | ||||||||||||||||
Inquiries: | General Manager of Corporate | Naotake Sato | TEL 03(3403)6102 | |||||||||||||||
Communications & IR Division | ||||||||||||||||||
Scheduled date of ordinary general meeting of shareholders: | June 16, 2022 | |||||||||||||||||
Scheduled date to file Securities Report: | June 16, 2022 | |||||||||||||||||
Scheduled date to commence dividend payments: | June 1, 2022 | |||||||||||||||||
Preparation of supplementary material on financial results: | Yes | |||||||||||||||||
Holding of financial results meeting: | Yes | (for institutional investors and analysts) | ||||||||||||||||
(Amounts less than one million yen are rounded down) | ||||||||||||||||||
1. Consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022) | ||||||||||||||||||
(1) Consolidated operating results | Percentages indicate year-on-year changes | |||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||||||||
owners of parent | ||||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||||||||
Year ended March 31, 2022 | 128,842 | - | 2,846 | (49.8) | 2,965 | (47.0) | 4,259 | - | ||||||||||
Year ended March 31, 2021 | 155,460 | (9.0) | 5,672 | 3.2 | 5,595 | (1.3) | 375 | (89.3) | ||||||||||
Note: Comprehensive income | Year ended March 31, 2022 | ¥4,350 million | [(8.0)%] | |||||||||||||||
Year ended March 31, 2021 | ¥4,729 million | [626.3%] | ||||||||||||||||
Diluted earnings per | Profit attributable to | Ordinary profit/total | Operating profit/net | |||||||||||||||
Earnings per share | owners of | |||||||||||||||||
share | parent/equity | assets | sales | |||||||||||||||
Yen | Yen | % | % | % | ||||||||||||||
Year ended March 31, 2022 | 258.92 | - | 6.1 | 2.2 | 2.2 | |||||||||||||
Year ended March 31, 2021 | 22.68 | - | 0.6 | 4.4 | 3.6 |
Reference: Share of profit (loss) of entities accounted for using equity method
Year ended March 31, 2022 | ¥(17) | million |
Year ended March 31, 2021 | ¥(20) | million |
Note: The Company has applied the "Accounting Standard for Revenue Recognition" and relevant ASBJ regulations from the beginning of the current fiscal year, and net sales for the fiscal year ended March 31, 2022, is the figure after applying the accounting standard and relevant ASBJ regulations. Therefore, the percentage of year-on-year change is not shown.
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |||
Millions of yen | Millions of yen | % | Yen | |||
As of March 31, 2022 | 137,125 | 72,067 | 51.6 | 4,423.86 | ||
As of March 31, 2021 | 132,887 | 70,136 | 51.8 | 4,152.57 | ||
Reference: Equity | As of March 31, 2022 | ¥70,690 million | ||||
As of March 31, 2021 | ¥68,813 million | |||||
(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 | |||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | |||
Year ended March 31, 2022 | 3,434 | (1,140) | (2,824) | 18,358 | ||
Year ended March 31, 2021 | 9,693 | (5,260) | 1,633 | 17,933 | ||
1 |
2. Cash dividends
Annual dividends per share | Total cash | Dividend payout | Ratio of dividends | ||||||||||||||||||||
to net assets | |||||||||||||||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | dividends (Total) | ratio (Consolidated) | (Consolidated) | ||||||||||||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | ||||||||||||||||
Year ended March 31, 2021 | - | 20.00 | - | 30.00 | 50.00 | 828 | 220.5 | 1.2 | |||||||||||||||
Year ended March 31, 2022 | - | 47.00 | - | 47.00 | 94.00 | 1,529 | 36.3 | 2.2 | |||||||||||||||
Year ending March 31, 2023 | - | 47.00 | - | 53.00 | 100.00 | 31.8 | |||||||||||||||||
(Forecast) | |||||||||||||||||||||||
Note: Breakdown of fiscal year-end dividends for the fiscal year ending March 31, 2023 (forecast): | |||||||||||||||||||||||
Ordinary dividend of ¥47.00, and commemorative dividend of ¥6.00 (360th anniversary commemorative dividend) | |||||||||||||||||||||||
3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023) | |||||||||||||||||||||||
Percentages indicate year-on-year changes | |||||||||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | |||||||||||||||||||
owners of parent | |||||||||||||||||||||||
Six months ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||||||||||||||
71,000 | 12.7 | 2,500 | 162.3 | 2,500 | 116.4 | 1,360 | (43.8) | 85.53 | |||||||||||||||
September 30, 2022 | |||||||||||||||||||||||
Full year | 153,000 | 18.7 | 9,000 | 216.2 | 9,000 | 203.5 | 5,000 | 17.4 | 314.47 | ||||||||||||||
4. Notes | |||||||||||||||||||||||
(1) Changes in significant subsidiaries during the year ended March 31, 2022 | No | ||||||||||||||||||||||
(changes in specified subsidiaries resulting in the change in scope of consolidation): | |||||||||||||||||||||||
(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements | |||||||||||||||||||||||
Changes in accounting policies due to revisions to accounting standards and other regulations: | Yes | ||||||||||||||||||||||
Changes in accounting policies due to other reasons: | No | ||||||||||||||||||||||
Changes in accounting estimates: | No | ||||||||||||||||||||||
Restatement of prior period financial statements: | No | ||||||||||||||||||||||
(3) Number of issued shares (common shares) | |||||||||||||||||||||||
Total number of issued shares at the end of the period (including treasury shares) | |||||||||||||||||||||||
As of March 31, 2022 | 16,960,000 shares | As of March 31, 2021 | 16,960,000 shares | ||||||||||||||||||||
Number of treasury shares at the end of the period | |||||||||||||||||||||||
As of March 31, 2022 | 980,719 shares | As of March 31, 2021 | 388,628 shares | ||||||||||||||||||||
Average number of shares during the period | |||||||||||||||||||||||
Year ended March 31, 2022 | 16,449,433 shares | Year ended March 31, 2021 | 16,570,460 shares |
2
Reference: Summary of non-consolidated financial results | ||||||||||||
1. Non-consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022) | ||||||||||||
(1) Non-consolidated operating results | Percentages indicate year-on-year changes | |||||||||||
Operating revenue | Operating profit | Ordinary profit | Profit | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||
Year ended March 31, 2022 | 2,771 | 16.0 | 1,357 | 26.3 | 1,704 | 25.7 | 5,022 | 112.6 | ||||
Year ended March 31, 2021 | 2,389 | (14.4) | 1,074 | (23.7) | 1,356 | (21.2) | 2,362 | 30.2 | ||||
Earnings per share | Diluted earnings per share | |||||||||||
Yen | Yen | |||||||||||
Year ended March 31, 2022 | 305.34 | - | ||||||||||
Year ended March 31, 2021 | 142.60 | - | ||||||||||
(2) Non-consolidated financial position | ||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | |||||||||
Millions of yen | Millions of yen | % | Yen | |||||||||
As of March 31, 2022 | 38,172 | 30,739 | 80.5 | 1,923.72 | ||||||||
As of March 31, 2021 | 43,755 | 31,779 | 72.6 | 1,917.75 | ||||||||
Reference: Equity | As of March 31, 2022 | ¥30,739 million | ||||||||||
As of March 31, 2021 | ¥31,779 million |
non-consolidated financial results for fiscal year ended March 31, 2022 and the previous fiscal year>
In the current fiscal year, both operating profit and ordinary profit increased due to an increase in operating revenue resulting from an increase in dividends from affiliated companies. In addition, profit also increased due to the recording of a gain on sale of cross-shareholdings as extraordinary income to improve asset efficiency and strengthen the Company's financial structure, resulting in a difference between the actual results for the previous fiscal year and the current fiscal year.
- Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
- Proper use of forecasts of financial results, and other special matters
(Caution concerning forward-looking statements)
The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. These statements do not purport that the Company pledges to realize such statements. Actual performance and other results may differ materially due to various factors.
3
Consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of March 31, 2021 | As of March 31, 2022 | ||
Assets | |||
Current assets | |||
Cash and deposits | 17,947 | 18,373 | |
Notes and accounts receivable - trade | 31,369 | - | |
Notes receivable - trade | - | 1,274 | |
Accounts receivable - trade | - | 32,115 | |
Electronically recorded monetary claims - operating | 1,059 | 1,388 | |
Merchandise and finished goods | 6,104 | 7,762 | |
Work in process | 3,184 | 4,742 | |
Raw materials and supplies | 4,115 | 5,996 | |
Other | 3,592 | 5,419 | |
Allowance for doubtful accounts | (12) | (13) | |
Total current assets | 67,360 | 77,058 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 19,417 | 19,459 | |
Machinery, equipment and vehicles, net | 10,265 | 10,315 | |
Tools, furniture and fixtures, net | 5,637 | 5,566 | |
Land | 5,132 | 5,044 | |
Leased assets, net | 107 | 99 | |
Construction in progress | 3,247 | 4,133 | |
Total property, plant and equipment | 43,807 | 44,619 | |
Intangible assets | 1,003 | 981 | |
Investments and other assets | |||
Investment securities | 18,254 | 11,868 | |
Long-term loans receivable | 256 | 257 | |
Retirement benefit asset | 371 | 534 | |
Deferred tax assets | 1,240 | 1,158 | |
Other | 594 | 662 | |
Allowance for doubtful accounts | (1) | (15) | |
Total investments and other assets | 20,715 | 14,465 | |
Total non-current assets | 65,527 | 60,066 | |
Total assets | 132,887 | 137,125 |
4
(Millions of yen) | |||
As of March 31, 2021 | As of March 31, 2022 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 21,052 | 21,801 | |
Electronically recorded obligations - operating | 2,300 | 2,853 | |
Short-term borrowings | 17,298 | 21,236 | |
Current portion of long-term borrowings | 1,514 | 1,307 | |
Lease liabilities | 228 | 255 | |
Income taxes payable | 854 | 1,663 | |
Other | 7,800 | 6,842 | |
Total current liabilities | 51,049 | 55,961 | |
Non-current liabilities | |||
Long-term borrowings | 4,638 | 3,510 | |
Lease liabilities | 604 | 478 | |
Deferred tax liabilities | 5,279 | 3,963 | |
Retirement benefit liability | 385 | 402 | |
Asset retirement obligations | 169 | 173 | |
Other | 625 | 566 | |
Total non-current liabilities | 11,701 | 9,095 | |
Total liabilities | 62,750 | 65,057 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 1,640 | 1,640 | |
Capital surplus | 4,782 | 4,782 | |
Retained earnings | 53,638 | 56,622 | |
Treasury shares | (237) | (1,350) | |
Total shareholders' equity | 59,824 | 61,694 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 8,523 | 4,869 | |
Foreign currency translation adjustment | (90) | 3,584 | |
Remeasurements of defined benefit plans | 250 | 264 | |
Remeasurements of other postretirement benefit plans of | 305 | 277 | |
foreign consolidated subsaidiaries | |||
Total accumulated other comprehensive income | 8,989 | 8,995 | |
Non-controlling interests | 1,322 | 1,377 | |
Total net assets | 70,136 | 72,067 | |
Total liabilities and net assets | 132,887 | 137,125 |
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Moriroku Holdings Co. Ltd. published this content on 24 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2022 01:47:05 UTC.