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 Six Months Ended August 20, 2021 (Based on Japanese GAAP)
September 27, 2021 | |||||||||||||||||||||||||||||||||||||
Company name: | SHIMAMURA Co.,Ltd. | ||||||||||||||||||||||||||||||||||||
Stock exchange listing: | Tokyo | ||||||||||||||||||||||||||||||||||||
Stock code: | 8227 | URL | https://www.shimamura.gr.jp/ | ||||||||||||||||||||||||||||||||||
Representative: | President and Representative Director | Makoto Suzuki | |||||||||||||||||||||||||||||||||||
Inquiries: | Planning Section General Manager | Makoto Oota | TEL | 048-631-2131 | |||||||||||||||||||||||||||||||||
Scheduled date to file Quarterly Securities Report: | September 28, 2021 | ||||||||||||||||||||||||||||||||||||
Scheduled date to commence dividend payments: | October 29, 2021 | ||||||||||||||||||||||||||||||||||||
Preparation of supplementary material on quarterly financial results: | Yes | ||||||||||||||||||||||||||||||||||||
Holding of quarterly financial results meeting: | Yes | (for analysts and institutional investors) | |||||||||||||||||||||||||||||||||||
(Amounts less than one million yen are rounded down) | |||||||||||||||||||||||||||||||||||||
1. Consolidated financial results for the six months ended August 20, 2021 (from February 21, 2021 to August 20, 2021) | |||||||||||||||||||||||||||||||||||||
(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 | % | ||||||||||||||||||||||||||||||
Six months ended August 20, 2021 | 284,592 | 11.9 | 25,342 | 58.6 | 25,835 | 57.8 | 17,427 | 65.6 | |||||||||||||||||||||||||||||
Six months ended August 20, 2020 | 254,253 | (3.8) | 15,976 | 11.3 | 16,371 | 12.2 | 10,525 | 9.5 | |||||||||||||||||||||||||||||
Earnings per share | Diluted earnings per share | ||||||||||||||||||||||||||||||||||||
Yen | Yen | ||||||||||||||||||||||||||||||||||||
Six months ended August 20, 2021 | 474.22 | - | |||||||||||||||||||||||||||||||||||
Six months ended August 20, 2020 | 286.41 | - | |||||||||||||||||||||||||||||||||||
(2) Consolidated financial position | |||||||||||||||||||||||||||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||||||||||||||||||||||||||
Millions of yen | Millions of yen | % | |||||||||||||||||||||||||||||||||||
As of August 20, 2021 | 455,254 | 397,618 | 87.3 | ||||||||||||||||||||||||||||||||||
As of February 20, 2021 | 451,798 | 384,388 | 85.1 | ||||||||||||||||||||||||||||||||||
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 February 20, 2021 | - | 100.00 | - | 120.00 | 220.00 | ||||||||||||||||||||||||||||||||
Year ending February 20, 2022 | - | 110.00 | |||||||||||||||||||||||||||||||||||
Year ending February 20, 2022 (Forecast) | - | 110.00 | 220.00 | ||||||||||||||||||||||||||||||||||
3. Forecast of consolidated financial results for the year ending February 20, 2022 (from February 21, 2021 to February 20, 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 | 570,520 | 5.1 | 45,684 | 20.1 | 46,647 | 18.4 | 31,239 | 19.4 | 850.04 | ||||||||||||||||||||||||||||
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4. Notes
- Changes in significant subsidiaries during the six months ended August 20, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation):
- Application of special accounting methods for preparing quarterly consolidated financial statements:
No
Yes
(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: | No |
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 August 20, 2021 | 36,913,299 | shares | As of February 20, 2021 | 36,913,299 | shares | |
Number of treasury shares at the end of the period | ||||||
As of August 20, 2021 | 162,796 | shares | As of February 20, 2021 | 163,942 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Six months ended August 20, 2021 | 36,749,764 | shares | Six months ended August 20, 2020 | 36,750,278 | shares |
2
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of February 20, 2021 | As of August 20, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 18,486 | 71,722 | |
Accounts receivable - trade | 6,622 | 8,306 | |
Securities | 193,000 | 147,000 | |
Merchandise | 50,612 | 48,564 | |
Other | 7,649 | 5,567 | |
Total current assets | 276,371 | 281,160 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 87,868 | 87,965 | |
Land | 49,148 | 49,168 | |
Other, net | 2,642 | 2,296 | |
Total property, plant and equipment | 139,659 | 139,430 | |
Intangible assets | |||
Other | 903 | 895 | |
Total intangible assets | 903 | 895 | |
Investments and other assets | |||
Guarantee deposits | 19,733 | 18,697 | |
Other | 16,333 | 16,269 | |
Allowance for doubtful accounts | (1,201) | (1,200) | |
Total investments and other assets | 34,865 | 33,767 | |
Total non-current assets | 175,427 | 174,093 | |
Total assets | 451,798 | 455,254 | |
Liabilities | |||
Current liabilities | |||
Accounts payable - trade | 24,024 | 24,253 | |
Income taxes payable | 10,996 | 9,119 | |
Provision for bonuses | 4,760 | 2,587 | |
Provision executive officers' bonuses | - | 23 | |
Provision for point card certificates | 333 | 39 | |
Other | 18,510 | 12,641 | |
Total current liabilities | 58,625 | 48,663 | |
Non-current liabilities | |||
provision for part-time employees retirement | 1,071 | 1,093 | |
Provision for retirement benefits for directors (and other | 115 | 116 | |
officers) | |||
Provision for executive officers' retirement benefits | 137 | 156 | |
Retirement benefit liability | 1,332 | 1,386 | |
Asset retirement obligations | 5,824 | 5,914 | |
Other | 304 | 304 | |
Total non-current liabilities | 8,785 | 8,972 | |
Total liabilities | 67,410 | 57,636 | |
3
(Millions of yen) | |||
As of February 20, 2021 | As of August 20, 2021 | ||
Net assets | |||
Shareholders' equity | |||
Share capital | 17,086 | 17,086 | |
Capital surplus | 18,637 | 18,641 | |
Retained earnings | 346,301 | 359,319 | |
Treasury shares | (1,411) | (1,403) | |
Total shareholders' equity | 380,614 | 393,643 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 3,912 | 4,140 | |
Deferred gains or losses on hedges | 16 | (6) | |
Foreign currency translation adjustment | (132) | (156) | |
Remeasurements of defined benefit plans | (22) | (3) | |
Total accumulated other comprehensive income | 3,773 | 3,974 | |
Total net assets | 384,388 | 397,618 | |
Total liabilities and net assets | 451,798 | 455,254 | |
4
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen) | |||
Six months ended | Six months ended | ||
August 20, 2020 | August 20, 2021 | ||
Net sales | 254,253 | 284,592 | |
Cost of sales | 169,259 | 186,920 | |
Gross profit | 84,993 | 97,671 | |
Operating revenue | 466 | 541 | |
Operating gross profit | 85,459 | 98,212 | |
Selling, general and administrative expenses | 69,483 | 72,870 | |
Operating profit | 15,976 | 25,342 | |
Non-operating income | |||
Interest income | 107 | 89 | |
Dividend income | 112 | 117 | |
Gain on sales of investment securities | - | 4 | |
Gain on sales of packaging materials | 59 | 72 | |
Compensation income | 144 | 6 | |
Foreign exchange gains | - | 132 | |
Miscellaneous income | 44 | 72 | |
Total non-operating income | 467 | 495 | |
Non-operating expenses | |||
Foreign exchange losses | 68 | - | |
Loss on processed gift certificates | 1 | 1 | |
Miscellaneous loss | 2 | 1 | |
Total non-operating expenses | 72 | 2 | |
Ordinary profit | 16,371 | 25,835 | |
Extraordinary income | |||
Subsidy income | - | 178 | |
Subsidies for employment adjustment | - | 1 | |
Total extraordinary income | - | 180 | |
Extraordinary losses | |||
Loss on sales and retirement of non-current assets | 63 | 86 | |
Impairment loss | 166 | 142 | |
Loss on disaster | 100 | 89 | |
Loss on valuation of investment securities | 201 | 117 | |
Loss on store closings | 142 | - | |
Other | 12 | 0 | |
Total extraordinary losses | 685 | 436 | |
Profit before income taxes | 15,685 | 25,579 | |
Income taxes | 5,159 | 8,151 | |
Profit | 10,525 | 17,427 | |
Profit attributable to owners of parent | 10,525 | 17,427 | |
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Shimamura Co. Ltd. published this content on 28 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2021 08:31:02 UTC.