Note: This document has been translated from a part of 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.
August 5, 2022
Consolidated Financial Results
for the Three Months Ended June 30, 2022
(Under Japanese GAAP)
Company name: | NIPPON RIETEC CO., LTD. |
Listing: | Tokyo Stock Exchange |
Securities code: | 1938 |
URL: | https://www.j-rietec.co.jp/ |
Representative: | Shigeru Egusa, Representative Director and President |
Inquiries: | Masaaki Sawamura, Director and General Manager of Finance Department |
Telephone: | +81-3-6880-2710 |
Scheduled date to file quarterly securities report: | August 9, 2022 |
Scheduled date to commence dividend payments: | - |
Preparation of supplementary material on quarterly financial results: None | |
Holding of quarterly financial results briefing: | None |
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated financial results for the three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-on-year changes.) | |||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||
owners of parent | ||||||||||||
Three months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||
June 30, 2022 | 7,999 | (7.9) | (1,098) | - | (1,044) | - | (774) | - | ||||
June 30, 2021 | 8,684 | (9.4) | (786) | - | (744) | - | (520) | - |
Note: Comprehensive income | For the three months ended June 30, 2022 | ¥(745) million | [-%] | |||
For the three months ended June 30, 2021 | ¥(640) million | [-%] | ||||
Basic earnings per | Diluted earnings per | |||||
share | share | |||||
Three months ended | Yen | Yen | ||||
June 30, 2022 | (30.79) | - | ||||
June 30, 2021 | (20.68) | - |
(2) Consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | |
As of | Millions of yen | Millions of yen | % |
June 30, 2022 | 74,028 | 54,079 | 73.1 |
March 31, 2022 | 79,857 | 55,504 | 69.5 |
Reference: Equity | |||
As of June 30, 2022: | ¥54,079 million | ||
As of March 31, 2022: | ¥55,504 million |
2. Cash dividends
Annual dividends | ||||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | ||
Yen | Yen | Yen | Yen | Yen | ||
Fiscal year ended | - | - | - | 27.00 | 27.00 | |
March 31, 2022 | ||||||
Fiscal year ending | - | |||||
March 31, 2023 | ||||||
Fiscal year ending | - | - | 27.00 | 27.00 | ||
March 31, 2023 | ||||||
(Forecast) | ||||||
Note: Revisions to the forecast of cash dividends most recently announced: None
3. Consolidated earnings forecasts for the fiscal 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 | Basic | ||||||
earnings per | ||||||||||
owners of parent | ||||||||||
share | ||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||
Fiscal year ending | 54,000 | 1.4 | 2,900 | (5.5) | 3,140 | (5.0) | 2,200 | (8.5) | 87.47 | |
March 31, 2023 | ||||||||||
Note: Revisions to the earnings forecasts most recently announced: None |
* Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
Newly included: | - companies |
Excluded: | - companies |
- Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
- 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 June 30, 2022 | 25,617,717 shares |
As of March 31, 2022 | 25,617,717 shares |
(ii) Number of treasury shares at the end of the period
As of June 30, 2022 | 466,416 shares |
As of March 31, 2022 | 466,416 shares |
- Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2022 | 25,151,301 shares |
Three months ended June 30, 2021 | 25,151,340 shares |
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
-
Proper use of earnings forecasts, and other special matters
Forward-looking statements, including the consolidated forecasts, stated in these materials are based on information currently available to the Company and certain assumptions deemed reasonable. Results may differ from the consolidated forecasts due to various factors.
NIPPON RIETEC CO., LTD. (1938)
Quarterly consolidated financial statements
(1) Quarterly consolidated balance sheet
(Thousands of yen) | |||
As of March 31, 2022 | As of June 30, 2022 | ||
Assets | |||
Current assets | |||
Cash and deposits | 7,841,834 | 6,250,338 | |
Notes receivable, accounts receivable from | 35,052,626 | 28,973,610 | |
completed construction contracts and other | |||
Costs on construction contracts in progress | 667,010 | 2,222,551 | |
Merchandise and finished goods | 85,021 | 81,662 | |
Work in process | 7,728 | 8,649 | |
Raw materials and supplies | 250,867 | 266,266 | |
Other | 199,692 | 353,848 | |
Total current assets | 44,104,781 | 38,156,927 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 9,421,878 | 9,283,725 | |
Machinery and vehicles, net | 259,979 | 308,267 | |
Tools, furniture and fixtures, net | 284,386 | 294,632 | |
Land | 8,132,696 | 8,132,696 | |
Leased assets, net | 1,658,931 | 1,691,759 | |
Construction in progress | 112,402 | 100,383 | |
Total property, plant and equipment | 19,870,274 | 19,811,465 | |
Intangible assets | 605,945 | 574,913 | |
Investments and other assets | |||
Investment securities | 14,397,294 | 14,308,722 | |
Other | 883,800 | 1,181,211 | |
Allowance for doubtful accounts | (4,425) | (4,425) | |
Total investments and other assets | 15,276,669 | 15,485,509 | |
Total non-current assets | 35,752,889 | 35,871,888 | |
Total assets | 79,857,670 | 74,028,815 |
- 1 -
NIPPON RIETEC CO., LTD. (1938)
(Thousands of yen)
As of March 31, 2022 | As of June 30, 2022 |
Liabilities
Current liabilities
Notes payable, accounts payable for construction contracts and other
Electronically recorded obligations - operating Short-term borrowings
Income taxes payable
Advances received on construction contracts in progress
Provision for warranties for completed construction
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Retirement benefit liability
Provision for retirement benefits for directors (and other officers)
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets
6,750,303 | 4,162,326 | |||
2,719,159 | 2,694,378 | |||
- | 500,000 | |||
825,223 | 25,841 | |||
110,265 | 177,859 | |||
7,708 | 2,619 | |||
1,205,657 | 491,470 | |||
5,515,364 | 4,677,177 | |||
17,133,682 | 12,731,674 | |||
5,317,423 | 5,298,455 | |||
31,387 | 29,267 | |||
1,870,831 | 1,889,942 | |||
7,219,642 | 7,217,665 | |||
24,353,325 | 19,949,339 | |||
1,430,962 | 1,430,962 | |||
3,205,423 | 3,205,423 | |||
49,567,246 | 48,113,695 | |||
(343,500) | (343,500) | |||
53,860,131 | 52,406,580 | |||
1,660,479 | 1,685,094 | |||
(16,265) | (12,199) | |||
1,644,213 | 1,672,895 | |||
55,504,345 | 54,079,476 | |||
79,857,670 | 74,028,815 |
- 2 -
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Nippon Rietec Co. Ltd. published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 07:10:07 UTC.