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 Nine Months Ended November 30, 2021
[Japanese GAAP]
Company name: Serverworks Co., Ltd. | January 14, 2022 |
Stock exchange listing: Tokyo | |
Code number: 4434 | |
URL: https://www.serverworks.co.jp/ | |
Representative: Ryo Oishi | Representative Director, President |
Contact: Hiroyuki Oshio | Director |
Phone: 03(5579)8029
Scheduled date of filing quarterly securities report: January 14, 2022
Scheduled date of commencing dividend payments: -
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes
(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Nine Months Ended November 30, 2021 (March 01, 2021 to November 30, 2021)
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||||
owners of parent | ||||||||||||||
Nine months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||||
November 30, 2021 | 7,772 | - | 525 | - | 549 | - | 383 | - | ||||||
November 30, 2020 | - | - | - | - | - | - | - | - | ||||||
(Note) Comprehensive income: | Nine months ended November 30, 2021: | ¥ | 143 million | [ | -%] | |||||||||
Nine months ended November 30, 2020: | ¥ | - million | [ | -%] | ||||||||||
Basic earnings | Diluted earnings per | |||||||||||||
per share | share | |||||||||||||
Nine months ended | Yen | Yen | ||||||||||||
November 30, 2021 | 50.06 | 48.35 | ||||||||||||
November 30, 2020 | - | - | ||||||||||||
(2) Consolidated Financial Position | ||||||||||||||
Total assets | Net assets | Capital adequacy ratio | ||||||||||||
As of | Million yen | Million yen | % | |||||||||||
November 30, 2021 | 11,350 | 9,126 | 79.8 | |||||||||||
February 28, 2021 | - | - | - | |||||||||||
(Reference) Equity: As of | November 30, 2021: | ¥ | 9,058 million | |||||||||||
As of | February 28, 2021: | ¥ | - million |
2. Dividends
Annual dividends | |||||||
1st | 2nd | 3rd | Year-end | Total | |||
quarter-end | quarter-end | quarter-end | |||||
Yen | Yen | Yen | Yen | Yen | |||
Fiscal year ended February 28, 2021 | - | 0.00 | - | 0.00 | 0.00 | ||
Fiscal year ending February 28, 2022 | - | 0.00 | - | ||||
Fiscal year ending February 28, 2022 | 0.00 | 0.00 | |||||
(Forecast) | |||||||
(Note) Revision to the forecast for dividends | announced most | recently: | No |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending February 28, 2022(March 01, 2021 to February 28, 2022)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | ||||||||
owners of parent | per share | |||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | ||||
Full year | 10,212 | - | 420 | - | 443 | - | 319 | - | 41.79 | |||
(Note) Revision to the financial results forecast announced most recently: | No | |||||||||||
* Notes: | ||||||||||||
(1) Changes in significant subsidiaries during the nine months ended November 30, 2021 | ||||||||||||
(changes in specified subsidiaries resulting in changes in scope of consolidation): | No | |||||||||||
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: | Yes |
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: No
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
November 30, 2021: | 7,674,892 | shares |
February 28, 2021: | 7,588,044 | shares |
2) Total number of treasury shares at the end of the period: | ||
November 30, 2021: | 372 | shares |
February 28, 2021: | 340 | shares |
3) Average number of shares during the period: | ||
Nine months ended November 30, 2021: | 7,656,163 | shares |
Nine months ended November 30, 2020: | 7,116,770 | shares |
Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets
(Thousand yen) | |||
As of November 30,2021 | |||
Assets | |||
Current assets | |||
Cash and deposits | 6,829,168 | ||
Notes and accounts receivable - trade | 1,481,743 | ||
Work in process | 60,322 | ||
Other | 673,691 | ||
Allowance for doubtful accounts | (1,817) | ||
Total current assets | 9,043,108 | ||
Non-current assets | |||
Property, plant and equipment | 66,135 | ||
Intangible assets | 110,185 | ||
Investments and other assets | |||
Investment securities | 1,969,665 | ||
Shares of subsidiaries and associates | 83,449 | ||
Other | 78,117 | ||
Total investments and other assets | 2,131,232 | ||
Total non-current assets | 2,307,552 | ||
Total assets | 11,350,661 | ||
Liabilities | |||
Current liabilities | |||
Accounts payable - trade | 1,164,692 | ||
Income taxes payable | 82,889 | ||
Provision for bonuses | 34,248 | ||
Provision for loss on order received | 4,762 | ||
Other | 697,900 | ||
Total current liabilities | 1,984,493 | ||
Non-current liabilities | |||
Deferred tax liabilities | 225,580 | ||
Asset retirement obligations | 14,310 | ||
Total non-current liabilities | 239,890 | ||
Total liabilities | 2,224,384 | ||
Net assets | |||
Shareholders' equity | |||
Share capital | 3,214,220 | ||
Capital surplus | 3,204,945 | ||
Retained earnings | 2,003,243 | ||
Treasury shares | (1,994) | ||
Total shareholders' equity | 8,420,415 | ||
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale | 637,624 | ||
securities | |||
Total accumulated other comprehensive income | 637,624 | ||
Non-controlling interests | 68,236 | ||
Total net assets | 9,126,276 | ||
Total liabilities and net assets | 11,350,661 |
Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)
(Thousand yen) | ||
For the nine months | ||
ended November 30,2021 | ||
Net sales | 7,772,540 | |
Cost of sales | 6,471,951 | |
Gross profit | 1,300,588 | |
Selling, general and administrative expenses | 775,086 | |
Operating profit | 525,502 | |
Non-operating income | ||
Dividend income | 7,772 | |
Share of profit of entities accounted for using equity | 5,665 | |
method | ||
Commission income | 39,704 | |
Other | 701 | |
Total non-operating income | 53,843 | |
Non-operating expenses | ||
Loss on investments in investment partnerships | 18,909 | |
Foreign exchange losses | 8,601 | |
Other | 2,399 | |
Total non-operating expenses | 29,910 | |
Ordinary profit | 549,434 | |
Extraordinary losses | ||
Special executive bonuses | 10,000 | |
Other | 17 | |
Total extraordinary losses | 10,017 | |
Profit before income taxes | 539,417 | |
Total income taxes | 162,226 | |
Profit | 377,191 | |
Loss attributable to non-controlling interests | (6,038) | |
Profit attributable to owners of parent | 383,229 |
Quarterly Consolidated Statements of Comprehensive Income (For the nine months)
(Thousand yen) | |
For the nine months | |
ended November 30,2021 | |
Profit | 377,191 |
Other comprehensive income | |
Valuation difference on available-for-sale securities | (233,416) |
Total other comprehensive income | (233,416) |
Comprehensive income | 143,774 |
Comprehensive income attributable to |
Comprehensive income attributable to owners of | 149,812 | |
parent | ||
Comprehensive income attributable to non-controlling | (6,038) | |
interests | ||
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Serverworks Co. Ltd. published this content on 17 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2022 06:24:11 UTC.