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 Year Ended March 31, 2023
[Japanese GAAP]
May 09, 2023
Company name: ShinMaywa Industries, Ltd.
Stock exchange listing: Tokyo
Code number: 7224
URL: https://www.shinmaywa.co.jp/
Representative: Tatsuyuki Isogawa ,President and Chief Executive Officer
Contact: Toshiki Kume ,Director, Member of the Board, Managing Executive Officer
Phone: 0798-56-5010
Scheduled date of Annual General Meeting of Shareholders: June 27, 2023
Scheduled date of commencing dividend payments: June 28, 2023
Scheduled date of filing annual securities report: June 27, 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 March 31, 2023 (April 01, 2022 to March 31, 2023)
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | ||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||
owners of parent | |||||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||
March 31, 2023 | 225,175 | 3.9 | 9,293 | (12.1) | 9,902 | (16.2) | 7,313 | 5.9 | |||
March 31, 2022 | 216,823 | 3.6 | 10,569 | 0.9 | 11,821 | 5.7 | 6,907 | 25.9 |
(Note) Comprehensive income: | Fiscal year ended March 31, 2023: |
Fiscal year ended March 31, 2022: |
¥ | 9,787 million | [ | 34.9%] |
¥ | 7,258 million | [ | (6.1) %] |
Basic earnings per | Diluted earnings per | Rate of return on | Ordinary profit to | Operating profit to | |
share | share | equity | total assets ratio | net sales ratio | |
Fiscal year ended | Yen | Yen | % | % | % |
March 31, 2023 | 111.00 | - | 7.6 | 4.4 | 4.1 |
March 31, 2022 | 104.96 | - | 7.7 | 5.5 | 4.9 |
(Reference) Equity in earnings (losses) of affiliated companies: Fiscal year ended March 31, 2023: Fiscal year ended March 31, 2022:
(2) Consolidated Financial Position
- 337 million
- 335 million
Total assets | Net assets | Capital adequacy ratio | Net assets per share | ||
As of | Million yen | Million yen | % | Yen | |
March 31, 2023 | 226,907 | 100,439 | 43.5 | 1,498.16 | |
March 31, 2022 | 221,206 | 94,261 | 41.8 | 1,404.53 | |
(Reference) Equity: As of | March 31, 2023: | ¥ | 98,747 million | ||
As of | March 31, 2022: | ¥ | 92,465 million | ||
(3) Consolidated Cash Flows | |||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash | ||
equivalents at the end | |||||
operating activities | investing activities | financing activities | |||
of period | |||||
Fiscal year ended | Million yen | Million yen | Million yen | Million yen | |
March 31, 2023 | 6,404 | (7,164) | (4,108) | 22,535 | |
March 31, 2022 | 15,998 | (7,221) | (5,203) | 26,549 |
2. Dividends
Annual dividends | Payout | Dividends | ||||||||||
Total | to net | |||||||||||
ratio | ||||||||||||
1st | 2nd | 3rd | Year-end | Total | dividends | assets | ||||||
(consolidated) | ||||||||||||
quarter-end | quarter-end | quarter-end | (consolidated) | |||||||||
Fiscal year ended | Yen | Yen | Yen | Yen | Yen | Million yen | % | % | ||||
March 31, 2022 | - | 19.00 | - | 23.00 | 42.00 | 2,765 | 40.0 | 3.1 | ||||
March 31, 2023 | - | 21.00 | - | 24.00 | 45.00 | 2,966 | 40.5 | 3.1 | ||||
Fiscal year ending | ||||||||||||
March 31, 2024 | - | 22.50 | - | 22.50 | 45.00 | 40.6 | ||||||
(Forecast) | ||||||||||||
(Note) Breakdown of the year-end dividend for the fiscal year ended March 31, 2023 : | ||||||||||||
Commemorative dividend | - | yen | ||||||||||
Special dividend | - | yen |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 01, 2023 to March 31, 2024)
(% 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 | 270,000 | 19.9 | 12,000 | 29.1 | 11,700 | 18.2 | 7,300 | (0.2) | 110.75 |
* Notes: | |||
(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in | |||
scope of consolidation): | No | ||
New | - | (Company name: | ) |
Exclusion: | - | (Company name: | ) |
- 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):
March 31, 2023: | 70,000,000 | shares |
March 31, 2022: | 70,000,000 | shares |
2) Number of treasury shares at the end of the period: | ||
March 31, 2023: | 4,087,841 | shares |
March 31, 2022: | 4,166,255 | shares |
3) Average number of shares outstanding during the period: | ||
Fiscal Year ended March 31, 2023: | 65,889,008 | shares |
Fiscal Year ended March 31, 2022: | 65,806,405 | shares |
(Reference) Summary of Non-consolidated Financial Results | ||||||||||||
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 01, 2022 to March 31, 2023) | ||||||||||||
(1) Non-consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||||
Net sales | Operating profit | Ordinary profit | Net income | |||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||
March 31, 2023 | 127,247 | (2.2) | 207 | (89.1) | 4,299 | (6.4) | 4,798 | 91.4 | ||||
March 31, 2022 | 130,082 | (2.8) | 1,904 | (32.0) | 4,594 | 7.6 | 2,507 | 89.9 | ||||
Basic earnings per share | Diluted earnings per share | |||||||||||
Fiscal year ended | Yen | Yen | ||||||||||
March 31, 2023 | 72.83 | - | ||||||||||
March 31, 2022 | 38.10 | - | ||||||||||
(2) Non-consolidated Financial Position | ||||||||||||
Total assets | Net assets | Capital adequacy ratio | Net assets per share | |||||||||
As of | Million yen | Million yen | % | Yen | ||||||||
March 31, 2023 | 156,441 | 51,423 | 32.9 | 780.19 | ||||||||
March 31, 2022 | 158,668 | 49,787 | 31.4 | 756.26 | ||||||||
(Reference) Equity: As of | March 31, 2023: | ¥ | 51,423 million | |||||||||
As of | March 31, 2022: | ¥ | 49,787 million |
Consolidated Financial Statements
Consolidated Balance Sheets
(Million yen) | ||
As of March 31, 2022 | As of March 31, 2023 | |
Assets | ||
Current assets | ||
Cash and deposits | 26,600 | 22,745 |
Notes and accounts receivable - trade, and contract | 62,114 | 62,812 |
assets | ||
Electronically recorded monetary claims - | 8,831 | 8,604 |
operating | ||
Merchandise and finished goods | 4,067 | 4,805 |
Work in process | 21,619 | 24,122 |
Raw materials and supplies | 21,238 | 24,874 |
Other | 4,266 | 4,920 |
Allowance for doubtful accounts | (121) | (395) |
Total current assets | 148,615 | 152,491 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 19,185 | 19,030 |
Machinery, equipment and vehicles, net | 7,196 | 6,397 |
Land | 13,237 | 13,796 |
Construction in progress | 775 | 1,135 |
Other, net | 2,034 | 2,129 |
Total property, plant and equipment | 42,430 | 42,488 |
Intangible assets | 2,876 | 2,702 |
Investments and other assets | ||
Investment securities | 11,588 | 11,170 |
Long-term loans receivable | 231 | 405 |
Retirement benefit asset | 3,711 | 4,542 |
Deferred tax assets | 6,703 | 7,533 |
Other | 5,076 | 5,590 |
Allowance for doubtful accounts | (26) | (17) |
Total investments and other assets | 27,284 | 29,224 |
Total non-current assets | 72,590 | 74,415 |
Total assets | 221,206 | 226,907 |
1
(Million yen) | ||
As of March 31, 2022 | As of March 31, 2023 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 25,898 | 27,310 |
Current portion of bonds payable | 800 | 800 |
Short-term borrowings | 2,891 | 6,372 |
Current portion of long-term borrowings | 2,443 | 2,210 |
Accrued expenses | 12,786 | 10,990 |
Income taxes payable | 2,527 | 2,337 |
Provision for bonuses for directors (and other | 281 | 267 |
officers) | ||
Provision for product warranties | 42 | 58 |
Provision for loss on construction contracts | 3,194 | 3,168 |
Other | 15,036 | 15,007 |
Total current liabilities | 65,903 | 68,522 |
Non-current liabilities | ||
Bonds payable | 1,600 | 800 |
Long-term borrowings | 44,519 | 42,234 |
Deferred tax liabilities | 154 | 104 |
Deferred tax liabilities for land revaluation | 47 | 47 |
Retirement benefit liability | 12,962 | 12,973 |
Other | 1,758 | 1,786 |
Total non-current liabilities | 61,041 | 57,945 |
Total liabilities | 126,945 | 126,467 |
Net assets | ||
Shareholders' equity | ||
Share capital | 15,981 | 15,981 |
Capital surplus | 15,737 | 15,657 |
Retained earnings | 65,852 | 70,236 |
Treasury shares | (5,954) | (5,838) |
Total shareholders' equity | 91,617 | 96,037 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale | 1,096 | 633 |
securities | ||
Revaluation reserve for land | (376) | (376) |
Foreign currency translation adjustment | 821 | 2,116 |
Remeasurements of defined benefit plans | (694) | 335 |
Total accumulated other comprehensive income | 847 | 2,709 |
Non-controlling interests | 1,795 | 1,692 |
Total net assets | 94,261 | 100,439 |
Total liabilities and net assets | 221,206 | 226,907 |
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ShinMaywa Industries Ltd. published this content on 09 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2023 02:05:07 UTC.