Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Consolidated Financial Results
for the Fiscal Year Ended December 31, 2022[Japanese GAAP]
Company name: | SAKATA INX CORPORATION | February 14, 2023 | |
Stock exchange listing: | Tokyo | ||
Code number: | 4633 | ||
URL: | https://www.inx.co.jp/english/ | ||
Representative: | Yoshiaki Ueno | Representative Director, President & CEO | |
Contact: | Daisuke Sugahara | General Manager, Finance & Accounting Div. | |
Phone: | +81-6-6447-5823 | ||
Scheduled date of Annual General Meeting of Shareholders: | March 29, 2023 | ||
Scheduled date of commencing dividend payments: | March 30, 2023 | ||
Scheduled date of filing annual securities report: | March 29, 2023 | ||
Availability of supplementary briefing material on annual financial results: | Yes | ||
Schedule of annual financial results briefing session: | Yes | ||
(Amounts of less than one million yen are rounded down) |
1. Consolidated Financial Results for the Fiscal Year Ended December 31, 2022 (January 1, 2022 to December 31, 2022)
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||
Net sales | Operating income | Ordinary income | Net income attributable | |||||||
to owners of parent | ||||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||
December 31, 2022 | 215,531 | 18.8 | 4,125 | (44.4) | 4,961 | (41.7) | 4,555 | (7.7) | ||
December 31, 2021 | 181,487 | 12.4 | 7,414 | 2.8 | 8,506 | 9.2 | 4,933 | (6.5) | ||
(Note) Comprehensive income: Fiscal year ended December 31, 2022: Fiscal year ended December 31, 2021:
¥ | 10,783million | [ | (15.9)%] |
¥ | 12,829million | [ | 597.4%] |
Basic earnings | Diluted earnings | Rate of return on | Ordinary income to | Operating income | ||
per share | per share | equity | total assets ratio | to net sales ratio | ||
Fiscal year ended | Yen | Yen | % | % | % | |
December 31, 2022 | 85.52 | - | 5.3 | 2.9 | 1.9 | |
December 31, 2021 | 84.43 | - | 6.1 | 5.5 | 4.1 | |
(Note) Equity in earnings of affiliates: Fiscal year ended December 31, 2022: Fiscal year ended December 31, 2021:
- 997million
- 992million
(Note) The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations from the beginning of the first quarter under review, and each figure for the first quarter of the fiscal year ending December 31, 2022, is the figure after applying the accounting standard and relevant ASBJ regulations.
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | ||
As of | Million yen | Million yen | % | Yen | |
December 31, 2022 | 177,403 | 92,952 | 48.6 | 1,724.45 | |
December 31, 2021 | 166,899 | 92,465 | 51.8 | 1,478.18 | |
(Note) Equity: As of December 31, 2022: | ¥ | 86,272million | |||
As of December 31, 2021: | ¥ | 86,379million |
(Note) The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations from the beginning of the first quarter under review, and each figure for the first quarter of the fiscal year ending December 31, 2022, is the figure after applying the accounting standard and relevant ASBJ regulations.
(3) Consolidated Cash Flows
Cash flows from
operating activities
Cash flows from
investing activities
Cash flows from
financing activities
Cash and cash
equivalents at the end
of period
Fiscal year ended December 31, 2022 December 31, 2021
Million yen
4,945
7,556
Million yen
(1,666)
(5,352)
Million yen
(3,897)
(2,875)
Million yen
11,721
12,115
2. Dividends
Annual dividends | Payout | Dividends | |||||||||||||
1st | 2nd | 3rd | Total | ratio | to net | ||||||||||
quarter- | quarter- | quarter- | Year-end | Total | dividends | assets | |||||||||
(consolidated) | |||||||||||||||
end | end | end | (consolidated) | ||||||||||||
Fiscal year ended | Yen | Yen | Yen | Yen | Yen | Million yen | % | % | |||||||
December 31, 2021 | - | 15.00 | - | 15.00 | 30.00 | 1,752 | 35.5 | 2.2 | |||||||
December 31, 2022 | - | 15.00 | - | 15.00 | 30.00 | 1,500 | 35.1 | 1.9 | |||||||
Fiscal year ending | - | 15.00 | - | 15.00 | 30.00 | 31.9 | |||||||||
December 31, 2023(Forecast) | |||||||||||||||
3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2023 (January 1, 2023 to December 31, 2023)
(% indicates changes from the previous corresponding period.)
Net sales
Operating
income
Ordinary
income
Net income
attributable to
owners of parent
Basic earnings
per share
Million yen
Six months ended June 30, 2023 109,000
Full year | 222,000 |
% Million yen
5.3 2,300
3.0 6,000
%
13.4
45.4
Million yen
2,600
6,800
%
3.8
37.1
Million yen
1,700
4,700
%
(29.2)
3.2
Yen
33.98
93.93
* Notes: | |||
(1) | Changes in significant subsidiaries during the period under review | ||
(changes in specified subsidiaries resulting in changes in scope of consolidation): | No | ||
(2) | Changes in accounting policies, changes in accounting estimates and retrospective restatement | ||
1) | Changes in accounting policies due to the revision of accounting standards: | Yes | |
2) | Changes in accounting policies other than 1) above: | No | |
3) | Changes in accounting estimates: | No | |
4) | Retrospective restatement: | No |
- Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
December 31, 2022: | 54,172,361shares | |
December 31, 2021: | 62,601,161shares | |
2) | Total number of treasury shares at the end of the period: | |
December 31, 2022: | 4,143,541shares | |
December 31, 2021: | 4,164,408shares | |
3) | Average number of shares during the period: | |
Fiscal Year ended December 31, 2022: | 53,264,337shares | |
Fiscal Year ended December 31, 2021: | 58,431,152shares |
(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended December 31, 2022 (January 1, 2022 to December 31,
2022) | |||||||||||
(1) Non-consolidated Operating Results | (% indicates changes from the previous corresponding period.) | ||||||||||
Net sales | Operating income | Ordinary income | Net income | ||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||
December 31, 2022 | 66,142 | 0.3 | 534 | (68.7) | 3,239 | (24.7) | 3,846 | 13.7 | |||
December 31, 2021 | 65,938 | 7.7 | 1,708 | 124.4 | 4,304 | 50.9 | 3,382 | 22.9 | |||
Basic earnings
per share
Diluted earnings
per share
Fiscal year ended | Yen | Yen |
December 31, 2022 | 72.21 | - |
December 31, 2021 | 57.89 | - |
(Note) The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations from the beginning of the first quarter under review, and each figure for the first quarter of the fiscal year ending December 31, 2022, is the figure after applying the accounting standard and relevant ASBJ regulations.
(2) Non-consolidated Financial Position
Total assets
Net assets
Equity ratio
Net assets per share
As of | Million yen | Million yen | % | Yen |
December 31, 2022 | 93,939 | 51,607 | 54.9 | 1,031.56 |
December 31, 2021 | 97,196 | 58,517 | 60.2 | 1,001.39 |
(Note) Equity: As of December 31, 2022: | ¥ | 51,607million | ||
As of December 31, 2021: | ¥ | 58,517million |
(Note) The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations from the beginning of the first quarter under review, and each figure for the first quarter of the fiscal year ending December 31, 2022, is the figure after applying the accounting standard and relevant ASBJ regulations.
*This consolidated financial results are not subject to audit procedures by Certified Public Accountants or audit firm.
*Explanation of appropriate use of financial forecasts and other special notes
The above financial forecasts are based on the current available information in the Company and certain reasonable assumption to the Company, and we don't commit to achieve these forecasting numbers. Actual results may differ from these forecasts by a variety of reasons.
*Supplementary information will be disclosed on TDnet on February 14, 2023 and will be uploaded on the Company's website.
Consolidated Financial Statements
Consolidated Balance Sheets
(Million yen) | ||
As of December 31,2021 | As of December 31,2022 | |
Assets | ||
Current assets | ||
Cash and deposits | 12,684 | 12,120 |
Notes and accounts receivable - trade | 49,363 | 53,862 |
Merchandise and finished goods | 12,802 | 13,164 |
Work in process | 1,227 | 1,514 |
Raw materials and supplies | 14,562 | 18,669 |
Other | 2,785 | 2,394 |
Allowance for doubtful accounts | (566) | (575) |
Total current assets | 92,860 | 101,150 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 19,642 | 19,858 |
Machinery, equipment and vehicles, net | 10,293 | 10,391 |
Land | 9,396 | 9,816 |
Leased assets, net | 343 | 231 |
Construction in progress | 3,055 | 3,814 |
Other, net | 2,588 | 4,273 |
Total property, plant and equipment | 45,320 | 48,385 |
Intangible assets | ||
Goodwill | 453 | 441 |
Other | 374 | 1,901 |
Total intangible assets | 827 | 2,342 |
Investments and other assets | ||
Investment securities | 25,698 | 23,942 |
Long-term loans receivable | 46 | 32 |
Retirement benefit asset | 803 | 19 |
Deferred tax assets | 258 | 843 |
Other | 2,065 | 1,696 |
Allowance for doubtful accounts | (981) | (1,010) |
Total investments and other assets | 27,890 | 25,524 |
Total non-current assets | 74,039 | 76,252 |
Total assets | 166,899 | 177,403 |
- 1 -
(Million yen) | ||
As of December 31,2021 | As of December 31,2022 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 23,010 | 23,121 |
Electronically recorded obligations - operating | 13,234 | 14,316 |
Short-term loans payable | 5,133 | 11,046 |
Current portion of long-term loans payable | 5,334 | 1,979 |
Lease obligations | 193 | 647 |
Accrued expenses | 4,156 | 4,656 |
Income taxes payable | 791 | 524 |
Provision for bonuses | 612 | 547 |
Other | 2,790 | 2,303 |
Total current liabilities | 55,258 | 59,143 |
Non-current liabilities | ||
Bonds payable | 1,000 | 1,000 |
Long-term loans payable | 5,557 | 11,244 |
Lease obligations | 561 | 1,337 |
Deferred tax liabilities | 4,065 | 3,554 |
Retirement benefit liability | 4,981 | 4,869 |
Asset retirement obligations | 73 | 74 |
Other | 2,936 | 3,226 |
Total non-current liabilities | 19,176 | 25,307 |
Total liabilities | 74,434 | 84,450 |
Net assets | ||
Shareholders' equity | ||
Capital stock | 7,472 | 7,472 |
Capital surplus | 5,675 | 5,672 |
Retained earnings | 76,967 | 71,729 |
Treasury shares | (4,010) | (4,015) |
Total shareholders' equity | 86,104 | 80,859 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 2,106 | 1,111 |
Deferred gains or losses on hedges | (2) | (0) |
Foreign currency translation adjustment | (1,606) | 5,010 |
Remeasurements of defined benefit plans | (222) | (709) |
Total accumulated other comprehensive income | 275 | 5,412 |
Non-controlling interests | 6,085 | 6,680 |
Total net assets | 92,465 | 92,952 |
Total liabilities and net assets | 166,899 | 177,403 |
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Sakata Inx Corporation published this content on 14 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2023 06:07:02 UTC.