Summary Report of Consolidated Financial Results
For the Fiscal Year Ended June 30, 2020
(All financial information has been prepared in accordance with accounting principles generally accepted in Japan.)
Pan Pacific International Holdings Corporation
Securities Code No.: | 7532 |
Shares Listed: | Tokyo Stock Exchange |
Address: | 2-19-10 Aobadai, Meguro-ku, Tokyo |
Representative: | Naoki Yoshida, President and CEO |
Contact: | Mitsuo Takahashi, Senior Managing Executive Officer and CFO (Phone: +81-3-5725-7588) |
URL: | https://ppih.co.jp/ |
(Amounts in million yen are rounded off to the nearest million) |
1. Overview of Business Results and Financial Position for the fiscal year ended June 30, 2020 (from July, 2019 to June 30, 2020)
(1) Results of Business Operations | (Millions of yen, except per-share data) | |||||||||||||
Change | Operating | Change | Ordinary | Change | Profit Attributable | Change | ||||||||
Net Sales | to Owners of | |||||||||||||
(%) | Income | (%) | Income | (%) | (%) | |||||||||
Parent | ||||||||||||||
Fiscal year ended | 1,681,947 | 26.6 | 75,997 | 20.4 | 75,173 | 10.2 | 50,303 | 6.9 | ||||||
June 30, 2020 | ||||||||||||||
Fiscal year ended | 1,328,874 | 41.1 | 63,110 | 22.4 | 68,240 | 19.3 | 47,066 | 29.3 | ||||||
June 30, 2019 | ||||||||||||||
(Note) Comprehensive | income: 50,209 million | yen [0.6%] (FY 2020.6), | 49,927 million yen [34.6%] (FY 2019.6) | |||||||||||
Net Income | Net Income | Return on | Ordinary | Operating | ||||||||||
Per Share | Per Share-fully | Income on Total | Income on | |||||||||||
Equity (%) | ||||||||||||||
(Yen) | diluted (Yen) | Assets (%) | Net Sales (%) | |||||||||||
Fiscal year ended | 79.39 | 79.18 | 14.3 | 5.8 | 4.5 | |||||||||
June 30, 2020 | ||||||||||||||
Fiscal year ended | 74.36 | 74.13 | 15.2 | 6.5 | 4.7 | |||||||||
June 30, 2019 | ||||||||||||||
(Reference) Equity in earnings of affiliates: 84 million yen (FY 2020.6), 5,957 million yen (FY 2019.6)
(Note) For the second quarter of the fiscal year ended June 30, 2020, provisional accounting treatments for business integrations was finalized. As a result, the figures for the fiscal year ended June 30, 2019 reflect the finalization of the provisional accounting treatments.
(Note) On September 1, 2019, we conducted a 4-for-1 common share split. Net Income Per Share and Net Income Per Share-fully diluted have been calculated on the presumption that the share split was conducted at the beginning of the previous fiscal year.
(2) Financial Position | (Millions of yen, except per-share data) | ||||
Total Assets | Net assets | Ratio of Shareholders' Equity | Net Assets | ||
to Total Assets (%) | per Share (Yen) | ||||
As of | 1,298,948 | 390,716 | 28.8 | 589.29 | |
June 30,2020 | |||||
June 30,2019 | 1,282,100 | 352,300 | 25.6 | 520.39 |
(Reference) Equity: 373,556 million yen (as of June 30, 2020), 328,359 million yen (as of June 30, 2019)
(Note) For the second quarter of the fiscal year ended June 30, 2020, provisional accounting treatments for business integrations was finalized. As a result, the figures for the fiscal year ended June 30, 2019 reflect the finalization of the provisional accounting treatments.
(Note) On September 1, 2019, we conducted a 4-for-1 common share split. Net Assets per Share have been calculated on the presumption that the share split was conducted at the beginning of the previous fiscal year.
(3) The Consolidated Statements of Cash Flows | (Millions of yen) | |||
Cash Flows from | Cash Flows from | Cash Flows from | Cash and Cash | |
Operating Activities | Investing Activities | Financing Activities | Equivalents | |
Fiscal year ended | 65,135 | (33,452) | (34,030) | 183,602 |
June 30, 2020 | ||||
Fiscal year ended | 101,978 | (37,113) | 43,456 | 185,136 |
June 30, 2019 | ||||
1
2. Dividends
Dividend per share (yen) | Dividends in | Dividend payout | Dividends on net | |||||||
total (annual, | ratio (consolidated | assets (consolidated | ||||||||
Six Months Ended | Year Ended | Total | ||||||||
December 31 | June 30 | Millions of yen) | basis, %) | basis, %) | ||||||
Year Ended June 30, | 10.00 | 30.00 | 40.00 | 6,333 | 13.1 | 2.0 | ||||
2019 | ||||||||||
Year Ended June 30, | 3.00 | 12.00 | 15.00 | 9,508 | 18.9 | 2.7 | ||||
2020 | ||||||||||
Year Ending June 30, | 3.00 | 13.00 | 16.00 | ― | ||||||
2021 (Forecast) | ||||||||||
(Note) The Breakdown of Dividends for the Six Months Ended December 31, 2019: Ordinary dividend 5.00 Yen, Commemorative dividend 5.00 Yen
(Note) The figure of Dividends per share for the Year Ended June 30, 2020 is revised from 8.5 to 12.00
(Note) On September 1, 2019, we conducted a 4-for-1 common share split. For the fiscal year ended June 30, 2019, the actual amount of dividends before the said share split is presented.
3. Consolidated Business Forecast:For the year ending June 30, 2021 (From July 1, 2020 to June 30, 2021)
(Millions of yen, except per-share data)
Profit | Net Income | |||||||
Change | Operating | Change | Ordinary | Change | Attributable | Change | ||
Net Sales | per | |||||||
(%) | Income | (%) | Income | (%) | to Owners of | (%) | ||
Share(Yen) | ||||||||
Parent | ||||||||
Six Months Ending | 846,000 | (1.5) | 40,000 | (11.3) | 39,500 | (13.3) | 26,500 | (8.3) | 41.80 |
December 31, 2020 | |||||||||
Year Ending | 1,700,000 | 1.1 | 77,000 | 1.3 | 76,000 | 1.1 | 51,000 | 1.4 | 80.45 |
June 30, 2021 | |||||||||
4. Others
- Significant changes in the scope of consolidation: None
Newly consolidated: - , Excluded:-
- Changes in accounting policies, procedures, and methods of presentation for preparing the consolidated financial statements
① Changes in line with revision to accounting standards: None
② Other changes: None
③ Changes in accounting estimates: None
④ Restatement: None
- Number of outstanding shares (Common share)
① Number of outstanding shares (Treasury share included) | June 30, 2020 | 633,929,040 shares |
June 30, 2019 | 633,287,040 shares | |
② Number of treasury share | June 30, 2020 | 18,924 shares |
June 30, 2019 | 18,720 shares | |
③ Average number of outstanding shares during the period | June 30, 2020 | 633,643,173 shares |
June 30, 2019 | 632,971,111 shares |
(Note) On September 1, 2019, we conducted a 4-for-1 common share split. Number of outstanding shares, Number of treasury share and Average number of outstanding shares during the period have been calculated on the presumption that the share split was conducted at the beginning of the previous fiscal year.
※This financial summary is not subject to audit conducted by certified public accountants or an audit corporation.
※Explanation regarding the appropriate use of forecasts of business results
The financial forecasts of business results are based on judgments and estimates that have been made using currently available information. By nature, such financial forecasts are subject to uncertainties and risks. Therefore, actual results might be significantly different from the aforementioned forecasts for a variety of reasons, including changes in economic environments related to our business, market trends and foreign currency exchange rates.
※The Company plans to hold a financial result briefing for security analysts and institutional investors on August 12, 2020. Presentation materials for the briefing will be available on the Company's website.
2
Consolidated Balance Sheets
(Millions of yen) | ||
As of June 30, | As of June 30, | |
2019 | 2020 | |
Amount | Amount | |
Assets | ||
Current assets | ||
Cash and deposits | ¥172,673 | ¥179,785 |
Notes and accounts receivables-trade | 18,744 | 18,378 |
Accounts receivables - installment | 67,417 | 68,293 |
Operating loans | 8,966 | 8,076 |
Merchandise and finished goods | 188,510 | 190,397 |
Prepaid expenses | 7,036 | 6,772 |
Deposits paid | 12,986 | 4,377 |
Other | 20,790 | 21,572 |
Allowance for doubtful accounts | (717) | (890) |
Total current assets | 496,405 | 496,760 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 262,955 | 264,035 |
Tools, furniture and fixtures, net | 25,471 | 29,898 |
Lands | 318,580 | 325,499 |
Other, net | 1,593 | 1,572 |
Construction in progress | 5,814 | 1,706 |
Total property, plant and equipment | 614,413 | 622,710 |
Intangible assets | ||
Goodwill | 17,216 | 15,935 |
Other | 20,386 | 20,948 |
Total intangible assets | 37,602 | 36,883 |
Investments and other assets | ||
Investment securities | 16,681 | 17,515 |
Long-term loan receivables | 2,962 | 1,269 |
Long-term prepaid expenses | 6,105 | 5,729 |
Retirement benefit assets | 6,362 | 16,236 |
Deferred tax assets | 19,668 | 22,245 |
Lease and guarantee deposits | 80,443 | 78,624 |
Other | 3,965 | 3,178 |
Allowance for doubtful accounts | (2,506) | (2,201) |
Total investments and other assets | 133,680 | 142,595 |
Total non-current assets | 785,695 | 802,188 |
Total assets | ||
¥1,282,100 | ¥1,298,948 |
3
(Millions of yen) | ||
As of June 30, | As of June 30, | |
2019 | 2020 | |
Amount | Amount | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payables - trade | ¥159,064 | ¥148,226 |
Short-term loan payables | 123 | - |
Current portion of long-term loan payables | 19,721 | 13,201 |
Current portion of bonds | 22,816 | 11,916 |
Payables under fluidity lease receivables | 7,304 | 4,512 |
Accounts payables - other | 53,303 | 53,481 |
Accrued expenses | 22,684 | 22,588 |
Deposits received | 19,407 | 16,806 |
Income taxes payables | 9,841 | 10,969 |
Provision for point card certificates | 5,227 | 6,924 |
Other | 22,284 | 23,604 |
Total current liabilities | 341,774 | 312,227 |
Non-current liabilities | ||
Bond payables | 238,458 | 226,542 |
Long-term loan payables | 256,777 | 276,191 |
Long-term payables under fluidity lease receivables | 4,703 | 191 |
Asset retirement obligations | 23,083 | 23,300 |
Negative goodwill | 180 | 94 |
Other | 64,825 | 69,687 |
Total non-current liabilities | 588,026 | 596,005 |
Total liabilities | 929,800 | 908,232 |
Net assets | ||
Shareholders' equity | ||
Share capital | 22,675 | 23,008 |
Capital surplus | 15,414 | 16,977 |
Retained earnings | 290,034 | 333,980 |
Treasury shares | (14) | (15) |
Total shareholders' equity | 328,109 | 373,950 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 173 | 529 |
Foreign currency translation adjustment | 554 | (865) |
Remeasurements of defined benefit plans | (477) | (58) |
Total accumulated other comprehensive income | 250 | (394) |
Share acquisition rights | 724 | 218 |
Non-controlling interests | 23,217 | 16,942 |
Total net assets | 352,300 | 390,716 |
Total liabilities and net assets | ¥1,282,100 | ¥1,298,948 |
4
Consolidated Statements of Income
(Millions of yen) | ||
Fiscal year ended | Fiscal year ended | |
June 30, 2019 | June 30, 2020 | |
Amount | Amount | |
Net sales | ¥1,328,874 | ¥1,681,947 |
Cost of sales | 958,347 | 1,200,258 |
Gross profit | 370,527 | 481,689 |
Selling, general and administrative expenses | 307,417 | 405,692 |
Operating income | 63,110 | 75,997 |
Non-operating income | ||
Interest and dividend income | 1,777 | 705 |
Amortization of negative goodwill | 86 | 86 |
Share of profit of entities accounted for using equity method | 5,957 | 84 |
Commission income | 403 | 354 |
Other | 4,665 | 4,093 |
Total non-operating income | 12,888 | 5,322 |
Non-operating expenses | ||
Interest expenses paid on loans and bonds | 4,780 | 5,175 |
Bond issuance cost | 1,253 | 2 |
Cost of claim's liquidation | 274 | 162 |
Service fees | 500 | 111 |
Other | 951 | 696 |
Total non-operating expenses | 7,758 | 6,146 |
Ordinary income | 68,240 | 75,173 |
Extraordinary income | ||
Gain on sales of non-current assets | 2,085 | 801 |
Gain on step acquisitions | 3,906 | - |
Gain on bargain purchase | 5,646 | 241 |
Gain on sale of businesses | - | 494 |
Gain on reversal of provision for loss on store closings | - | 268 |
Gain on revision of retirement benefit plan | - | 5,111 |
Gain on reversal of share acquisition rights | 0 | 220 |
Compensation income for expropriation | 11 | - |
Other | 123 | 425 |
Total extraordinary income | 11,771 | 7,560 |
Extraordinary losses | ||
Impairment loss | 10,305 | 4,195 |
Loss on retirement of non-current assets | 509 | 3,513 |
Loss on sales of shares of subsidiaries and affiliates | - | 145 |
Loss on closing of stores | 1,698 | 1,046 |
Loss on disaster | 342 | 220 |
Other | 873 | 453 |
Total extraordinary losses | 13,727 | 9,572 |
Profit before income taxes | 66,284 | 73,161 |
Income taxes - current | 19,292 | 20,637 |
Income taxes - deferred | (1,740) | 1,668 |
Total income taxes | 17,552 | 22,305 |
Profit | 48,732 | 50,856 |
Profit attributable to non-controlling interests | 1,666 | 553 |
Profit attributable to owners of parent | ¥47,066 | ¥50,303 |
5
Consolidated Statements of Comprehensive Income
(Millions of yen) | ||
Fiscal year ended | Fiscal year ended | |
June 30, 2019 | June 30, 2020 | |
Amount | Amount | |
Profit
Other comprehensive income
Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans, net of tax Share of other comprehensive income of affiliates
accounted for using equity method Total other comprehensive income
Comprehensive income Comprehensive income attributable to:
Owners of parent Non-controlling interests
¥48,732 | ¥50,856 |
(66) | 379 |
1,743 | (1,423) |
(477) | 430 |
(5) | (33) |
1,195 | (647) |
¥49,927 | ¥50,209 |
¥48,289 | ¥49,659 |
1,638 | 550 |
6
Consolidated statements of changes in Net Assets
(Millions of yen) | ||
Fiscal year ended | Fiscal year ended | |
June 30, 2019 | June 30, 2020 | |
Amount | Amount | |
Shareholders' equity | ||
Share Capital | ||
Balance at the beginning of current period | ¥22,436 | ¥22,675 |
Changes of items during the period | ||
Issuance of new shares | 239 | 333 |
Total changes of items during the period | 239 | 333 |
Balance at the end of current period | 22,675 | 23,008 |
Capital surplus | ||
Balance at the beginning of current period | 19,975 | 15,414 |
Changes of items during the period | ||
Issuance of new shares | 239 | 333 |
Capital increase of consolidated subsidiaries | - | 43 |
Increase of consolidated subsidiaries | 736 | - |
- non-controlling interests | ||
Sales of shares of consolidated subsidiaries | - | 3 |
Purchase of shares of consolidated subsidiaries | (5,536) | 1,184 |
Total changes of items during the period | (4,561) | 1,563 |
Balance at the end of current period | 15,414 | 16,977 |
Retained earnings | ||
Balance at the beginning of current period | 248,940 | 290,034 |
Changes of items during the period | ||
Dividends of surplus | (5,854) | (6,651) |
Profit attributable to owners of parent | 47,066 | 50,303 |
Change of scope of consolidation | (118) | 294 |
Total changes of items during the period | 41,094 | 43,946 |
Balance at the end of current period | 290,034 | 333,980 |
Treasury shares | ||
Balance at the beginning of current period | (14) | (14) |
Changes of items during the period | ||
Purchase of treasury shares | (0) | (1) |
Total changes of items during the period | (0) | (1) |
Balance at the end of current period | (14) | (15) |
Total shareholders' equity | ||
Balance at the beginning of current period | 291,337 | 328,109 |
Changes of items during the period | ||
Issuance of new shares | 478 | 666 |
Dividends of surplus | (5,854) | (6,651) |
Profit attributable to owners of parent | 47,066 | 50,303 |
Purchase of treasury shares | (0) | (1) |
Change of scope of consolidation | (118) | 294 |
Capital increase of consolidated subsidiaries | - | 43 |
Increase of consolidated subsidiaries | 736 | - |
- non-controlling interests | ||
Sales of shares of consolidated subsidiaries | - | 3 |
Purchase of shares of consolidated subsidiaries | (5,536) | 1,184 |
Total changes of items during the period | 36,772 | 45,841 |
Balance at the end of current period | ¥328,109 | ¥373,950 |
7
(Millions of yen) | ||
Fiscal year ended | Fiscal year ended | |
June 30, 2019 | June 30, 2020 | |
Amount | Amount | |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | ||
Balance at the beginning of current period | ¥244 | ¥173 |
Changes of items during the period | ||
Net changes of items other than shareholders' equity | (71) | 356 |
Total changes of items during the period | (71) | 356 |
Balance at the end of current period | 173 | 529 |
Foreign currency translation adjustment | ||
Balance at the beginning of current period | (1,218) | 554 |
Changes of items during the period | ||
Net changes of items other than shareholders' equity | 1,772 | (1,419) |
Total changes of items during the period | 1,772 | (1,419) |
Balance at the end of current period | 554 | (865) |
Remeasurements of defined benefit plans | ||
Balance at the beginning of current period | - | (477) |
Changes of items during the period | ||
Net changes of items other than shareholders' equity | (477) | 419 |
Total changes of items during the period | (477) | 419 |
Balance at the end of current period | (477) | (58) |
Total accumulated other comprehensive income | ||
Balance at the beginning of current period | (974) | 250 |
Changes of items during the period | ||
Net changes of items other than shareholders' equity | 1,224 | (644) |
Total changes of items during the period | 1,224 | (644) |
Balance at the end of current period | 250 | (394) |
Subscription rights to shares | ||
Balance at the beginning of current period | 345 | 724 |
Changes of items during the period | ||
Net changes of items other than shareholders' equity | 379 | (506) |
Total changes of items during the period | 379 | (506) |
Balance at the end of current period | 724 | 218 |
Non-controlling interests | ||
Balance at the beginning of current period | 21,787 | 23,217 |
Changes of items during the period | ||
Net changes of items other than shareholders' equity | 1,430 | (6,275) |
Total changes of items during the period | 1,430 | (6,275) |
Balance at the end of current period | 23,217 | 16,942 |
Total net assets | ||
Balance at the beginning of current period | 312,495 | 352,300 |
Changes of items during the period | ||
Issuance of new shares | 478 | 666 |
Dividends of surplus | (5,854) | (6,651) |
Profit attributable to owners of parent | 47,066 | 50,303 |
Purchase of treasury shares | (0) | (1) |
Change of scope of consolidation | (118) | 294 |
Increase of consolidated subsidiaries | 736 | - |
- non-controlling interests | ||
Capital increase of consolidated subsidiaries | - | 43 |
Sales of shares of consolidated subsidiaries | - | 3 |
Purchase of shares of consolidated subsidiaries | (5,536) | 1,184 |
Net changes of items other than shareholders' equity | 3,033 | (7,425) |
Total changes of items during the period | 39,805 | 38,416 |
Balance at the end of current period | ¥352,300 | ¥390,716 |
8
Consolidated Statements of Cash Flows | (Millions of yen) | ||
Fiscal year ended | Fiscal year ended | ||
June 30, 2019 | June 30, 2020 | ||
Amount | Amount | ||
Cash flows from operating activities: | |||
Profit before income taxes | ¥66,284 | ¥73,161 | |
Depreciation and amortization | 23,722 | 29,391 | |
Impairment loss | 10,305 | 4,195 | |
Amortization of negative goodwill | (86) | (86) | |
Gain on bargain purchase | (5,646) | (241) | |
Increase (decrease) in allowance for doubtful accounts | 147 | (131) | |
Interest and dividend income | (1,777) | (705) | |
Interest expenses paid on loans and bonds | 4,780 | 5,175 | |
Share of profit of entities accounted for using equity method | (5,957) | (84) | |
Gain on step acquisitions | (3,906) | - | |
Loss (gain) on sales and retirement of non-current assets | (1,342) | 2,826 | |
Gain on sale of businesses | - | (494) | |
Loss on store closings | 1,698 | 1,046 | |
Gain on revision of retirement benefit plan | - | (5,111) | |
Compensation income for expropriation | (11) | - | |
Offset payments for house rental fee with lease and guarantee | 2,775 | 4,045 | |
deposits | |||
Decrease (increase) in notes and accounts receivables - trade | 3,258 | (38) | |
Increase in inventories | (14,489) | (5,375) | |
Increase (decrease) in notes and accounts payables - trade | 3,924 | (10,082) | |
Decrease (increase) in accounts receivables - installment | 59,700 | (991) | |
Increase in retirement benefit asset | (532) | (4,145) | |
Decrease in accounts payables - other | (10,343) | (1,261) | |
Decrease in deposits received | (5,583) | (2,960) | |
Increase (decrease) in other current liabilities | 1,508 | (137) | |
Increase (decrease) in other non-current liabilities | 490 | (314) | |
Other, net | 330 | (1,624) | |
Subtotal | 129,249 | 86,060 | |
Interest and dividend income received | 1,521 | 303 | |
Interest expenses paid | (4,555) | (5,171) | |
Income taxes paid | (27,462) | (20,806) | |
Income taxes refund | 3,520 | 4,889 | |
Proceeds from compensation for expropriation | 11 | - | |
Proceeds from dividend income received from entities accounted for | 56 | 207 | |
using equity method | |||
Payments for loss on disaster | (362) | (347) | |
Net cash provided by operating activities | 101,978 | 65,135 | |
Cash flows from investing activities: | |||
Payments for purchase of property, plant and equipment | (43,835) | (31,562) | |
Proceeds from sales of property, plant and equipment | 7,579 | 2,598 | |
Payments for purchase of intangible assets | (2,298) | (3,949) | |
Proceeds from transfer of businesses | - | 5,978 | |
Payments for leasehold and guarantee deposits | (3,394) | (3,541) | |
Proceeds from collection of leasehold and guarantee deposits | 1,163 | 1,121 | |
Purchase of shares of subsidiaries resulting in change in scope of | (5,423) | (3,723) | |
consolidation | |||
Payments for sales of shares of subsidiaries resulting in change in | - | (52) | |
scope of consolidation | |||
Purchase of shares of subsidiaries and affiliates | (7,936) | (102) | |
Payments for loans and advances | (1,613) | (6) | |
Proceeds from collection of loan receivables | 19,125 | 24 | |
Other, net | (481) | (238) | |
Net cash used in investing activities | ¥(37,113) | ¥(33,452) |
9
(Millions of yen) | |||
Fiscal year ended | Fiscal year ended | ||
June 30, 2019 | June 30, 2020 | ||
Amount | Amount | ||
Cash flows from financing activities: | |||
Net decrease in short-term loan payables | ¥- | ¥(1,891) | |
Proceeds from long-term loan payables | 90,000 | 32,500 | |
Repayments of long-term loan payables | (196,594) | (20,570) | |
Proceeds from issuance of bonds | 168,647 | 98 | |
Redemption of bonds | (3,616) | (22,991) | |
Repayments of payables under fluidity lease receivables | (7,612) | (7,445) | |
Proceeds from issuance of common shares | 478 | 380 | |
Cash dividends paid | (5,854) | (6,651) | |
Cash dividends paid to non-controlling interests | (808) | - | |
Payments for purchase of shares of subsidiaries | (4,322) | - | |
that do not result in change in scope of consolidation | |||
Proceeds from share issuance to non-controlling shareholders | 3,569 | 627 | |
Payments for purchase of treasury shares of subsidiaries | - | (8,049) | |
Other, net | (432) | (38) | |
Net cash provided by (used in) financing activities | 43,456 | (34,030) | |
Effect of foreign exchange rate change on cash and cash equivalents | 318 | (350) | |
Net increase (decrease) in cash and cash equivalents | 108,639 | (2,697) | |
Cash and cash equivalents at the beginning of period | 75,883 | 185,136 | |
Increase in cash and cash equivalents from newly consolidated | 614 | 1,163 | |
subsidiaries | |||
Cash and cash equivalents at the end of period | ¥185,136 | ¥183,602 |
10
Segment Information
1. Overview of Reporting Segments
The reportable segments of the Group are constituent units of the Group for which separate financial information is available and which are subject to periodic examination by the Board of Directors and management meetings of the Company for the purpose of deciding the allocation of management resources and evaluating business results.
The Group consists of segments by business and has determined that "Discount Store business", "GMS business" and "Rent business" are its reportable segments taking into accounts the business form.
The "Discount Store business" presents stores such as "Don Quijote", "MEGA Don Quijote", "MEGA Don Quijote UNY". The "GMS business" presents stores such as "APITA", "PIAGO".
The "Rent business" operates tenant invitations, lease and facility management of shopping malls.
-
Calculation of net sales, profit and loss, and assets, etc.
The same accounting method with which is applied to the consolidated financial statements is applied to segment accounting.
Income of reporting segment and others are calculated based on operating income. Intersegment sales and transfers are calculated based on market value. - Information related to net sales, profit and loss, and assets, etc. by reporting segment
For the Fiscal Year Ended June 30, 2020
(Millions of yen)
Reporting segment | Others | Adjustm | Consolidated | |||||
Discount | GMS | Rent | Total | |||||
Store | Sub Total | (Note 1) | ent | (Note 3) | ||||
business | business | (Note 2) | ||||||
business | ||||||||
Sales, Segment income | ||||||||
Sales | ||||||||
Sales to third parties | ¥1,117,507 | ¥491,621 | ¥58,229 | ¥1,667,357 | ¥14,590 | ¥1,681,947 | ¥― | ¥1,681,947 |
Intersegment sales | 5,184 | 6,721 | 2,994 | 14,899 | 6,248 | 21,147 | (21,147) | ― |
Total | 1,122,691 | 498,342 | 61,223 | 1,682,256 | 20,838 | 1,703,094 | (21,147) | 1,681,947 |
Segment income (losses) | 47,311 | 16,992 | 13,579 | 77882 | (2,373) | 75,509 | 488 | 75,997 |
Segment Assets | 619,727 | 235,061 | 227,557 | 1,082,345 | 183,310 | 1,265,655 | 33,293 | 1,298,948 |
Others (Note 4) | ||||||||
(1) Depreciation expenses | 18,474 | 4,662 | 5,182 | 28,318 | 1,004 | 29,322 | 69 | 29,391 |
(2) Increase in property, plant | ||||||||
and equipment, and | ¥27,914 | ¥2,465 | ¥4,117 | ¥34,496 | ¥1,242 | ¥35,738 | ¥678 | ¥36,416 |
intangible assets | ||||||||
Notes |
- "Others" includes the service related to the operation of the Company (Holdings Company) and Credit Card business and so on, which does not belong to the Reporting segment.
-
The ¥488 million adjustment to segment income is an intersegment elimination.
The ¥33,293 million adjustment to segment assets includes ¥136,744 million of companywide assets not allocated to the respective reporting segments, and ¥(103,451) million of net eliminations for intersegment transaction. - Segment income is adjusted to the consolidated operating income.
- Increase in property, plant and equipment, and intangible assets includes long-term prepaid expenses.
- The segment figures for the previous fiscal year is presented based on information after considering the significant revision of the initial allocation of the acquisition costs due to the finalization of the provisional accounting treatment for business conbinations.
11
For the Fiscal Year Ended June 30, 2019
(Millions of yen)
Reporting segment | Others | Adjustm | Consolidated | |||||
Discount | GMS | Rent | Total | |||||
Store | Sub Total | (Note 1) | ent | (Note 3) | ||||
business | business | (Note 2) | ||||||
business | ||||||||
Sales, Segment income | ||||||||
Sales | ||||||||
Sales to third parties | ¥1,015,924 | ¥266,058 | ¥39,132 | ¥1,321,114 | ¥7,760 | ¥1,328,874 | ¥― | ¥1,328,874 |
Intersegment sales | 3,567 | 551 | 1,762 | 5,880 | 3,153 | 9,033 | (9,033) | ― |
Total | 1,019,491 | 266,609 | 40,894 | 1,326,994 | 10,913 | 1,337,907 | (9,033) | 1,328,874 |
Segment income (losses) | 49,589 | 7,039 | 7,795 | 64,423 | (1,240) | 63,183 | (73) | 63,110 |
Segment Assets | 633,193 | 236,345 | 233,104 | 1,102,642 | 123,967 | 1,226,609 | 55,491 | 1,282,100 |
Others (Note 4) | ||||||||
(1) Depreciation expenses | 18,186 | 2,390 | 3,095 | 23,671 | 32 | 23,703 | 19 | 23,722 |
(2) Increase in property, plant | ||||||||
and equipment, and | ¥39,461 | ¥1,105 | ¥4,886 | ¥45,452 | ¥1,287 | ¥46,739 | ¥246 | ¥46,985 |
intangible assets | ||||||||
Notes |
- "Others" includes the service related to the operation of the Company (Holdings Company) and Credit Card business and so on, which does not belong to the Reporting segment.
-
The ¥(73) million adjustment to segment income is an intersegment elimination.
The ¥55,491 million adjustment to segment assets includes ¥135,311 million of companywide assets not allocated to the respective reporting segments, and ¥(79,820) million of net eliminations for intersegment transaction. - Segment income is adjusted to the consolidated operating income.
- Increase in property, plant and equipment, and intangible assets includes long-term prepaid expenses.
12
Attachments
- Original document
- Permalink
Disclaimer
Don Quijote Holdings Co. Ltd. published this content on 12 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2020 08:32:11 UTC