Nissei ASB Machine : Summary of Consolidated Financial Results for the Nine Months Ended June 30, 2022（139KB）

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 Nine Months Ended June 30, 2022 (Based on Japanese GAAP)

				August 5, 2022
Company name:	NISSEI ASB MACHINE CO., LTD.
Stock exchange listing:	Tokyo
Stock code:	6284	URL https://www.nisseiasb.co.jp
Representative:	Representative Director, President and COO	Junichi Miyasaka
Inquiries:	General Manager Administaration	Kazuya Akanuma	TEL [phone]
Scheduled date to file Quarterly Securities Report:	August 10, 2022
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results:	No
Holding of quarterly financial results meeting:	No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the nine months ended June 30, 2022 (from October 1, 2021 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
	Millions of yen		%	Millions of yen	%	Millions of yen			%	Millions of yen	%
Nine months ended June 30, 2022	22,988	(16.0)		4,243	(41.8)		6,915		(13.4)		5,054	(11.4)
Nine months ended June 30, 2021	27,371		57.0		7,287	178.6		7,983		232.2		5,704	150.8
	Earnings per share		Diluted earnings per share
			Yen					Yen
Nine months ended June 30, 2022			337.17					-
Nine months ended June 30, 2021			380.48					-
(2) Consolidated financial position
	Total assets				Net assets	Equity ratio
	Millions of yen			Millions of yen					%
As of June 30, 2022		67,179					44,193				65.7
As of September 30, 2021		64,276					37,901				58.9
2. Cash dividends
						Annual dividends per share
	1st quarter-end	2nd quarter-end		3rd quarter-end	Fiscal year-end	Total
	Yen				Yen			Yen				Yen		Yen
Year ended September 30, 2021		-			0.00			-				100.00		100.00
Year ending September 30, 2022		-			0.00			-
Year ending September 30, 2022													100.00		100.00
(Forecast)

3. Forecast of consolidated financial results for the year ending September 30, 2022 (from October 1, 2021 to September 30, 2022)

Percentages indicate year-on-year changes

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Earnings per share
		owners of parent
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Full year	30,000	(16.4)	5,400	(38.2)	7,900	(17.5)	5,700	(14.7)	380.22

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4. Notes

1. Changes in significant subsidiaries during the nine months ended June 30, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation):
2. Application of special accounting methods for preparing quarterly consolidated financial statements:

No

No

(3) 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

(4) 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	15,348,720	shares	As of September 30, 2021	15,348,720	shares
Number of treasury shares at the end of the period
	As of June 30, 2022	357,283	shares	As of September 30, 2021	357,176	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Nine months ended June 30, 2022	14,991,463	shares	Nine months ended June 30, 2021	14,991,639	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of September 30, 2021	As of June 30, 2022
Assets
Current assets
Cash and deposits	20,389	16,471
Notes and accounts receivable - trade	6,841	8,428
Merchandise and finished goods	2,363	2,322
Work in process	7,690	8,459
Raw materials and supplies	7,749	9,615
Other	1,353	1,611
Allowance for doubtful accounts	(69)	(77)
Total current assets	46,318	46,831
Non-current assets
Property, plant and equipment
Buildings and structures, net	5,156	5,591
Machinery, equipment and vehicles, net	5,317	5,551
Land	1,169	1,980
Other, net	3,498	4,987
Total property, plant and equipment	15,142	18,111
Intangible assets	120	107
Investments and other assets
Investment securities	259	294
Other	2,532	1,951
Allowance for doubtful accounts	(96)	(117)
Total investments and other assets	2,694	2,129
Total non-current assets	17,958	20,348
Total assets		64,276	67,179

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			(Millions of yen)
		As of September 30, 2021	As of June 30, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade	3,521	2,012
Short-term borrowings	2,125	1,973
Income taxes payable	2,091	895
Advances received	3,399	-
Contract liabilities	-	4,028
Provision for bonuses	576	668
Provision for bonuses for directors (and other officers)	47	49
Other	1,917	2,078
Total current liabilities	13,679	11,706
Non-current liabilities
Long-term borrowings	10,911	9,479
Provision for retirement benefits for directors (and other	486	515
officers)
Retirement benefit liability	770	800
Other	526	485
Total non-current liabilities	12,695	11,279
Total liabilities	26,374	22,986
Net assets
Shareholders' equity
Share capital	3,860	3,860
Capital surplus	3,196	3,196
Retained earnings	33,467	37,022
Treasury shares	(300)	(301)
Total shareholders' equity	40,223	43,778
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	34	69
Foreign currency translation adjustment	(2,340)	346
Remeasurements of defined benefit plans	(43)	(40)
Total accumulated other comprehensive income	(2,350)	375
Non-controlling interests	28	39
Total net assets	37,901	44,193
Total liabilities and net assets		64,276	67,179

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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

			(Millions of yen)
		Nine months ended	Nine months ended
		June 30, 2021	June 30, 2022
Net sales	27,371	22,988
Cost of sales	14,298	12,878
Gross profit	13,072	10,110
Selling, general and administrative expenses	5,785	5,866
Operating profit	7,287	4,243
Non-operating income
Interest income	100	120
Dividend income	7	8
Foreign exchange gains	462	2,497
Commission income	34	-
Settlement received	146	-
Other	79	107
Total non-operating income	829	2,734
Non-operating expenses
Interest expenses	39	30
Litigation expenses	84	9
Other	10	22
Total non-operating expenses	133	63
Ordinary profit	7,983	6,915
Profit before income taxes	7,983	6,915
Income taxes - current	2,361	1,687
Income taxes - deferred	(89)	167
Total income taxes	2,272	1,854
Profit	5,711	5,060
Profit attributable to non-controlling interests	7	5
Profit attributable to owners of parent		5,704	5,054

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