Consolidated Financial Results for the first three months of the FYE March 31, 2023
(JGAAP)
July 29, 2022 | ||||||||||||
Company name: SRE Holdings Corporation | Stock exchange listing: | Tokyo | ||||||||||
Stock code: | 2980 | URL: https://sre-group.co.jp/ | ||||||||||
Representative: Kazuo Nishiyama, President & Chief Executive Officer | ||||||||||||
Contact: | Osamu Mashiko, Member of the Board, CFO & Division Director, Corporate Headquarters | |||||||||||
TEL: +81-3-6274-6550 | ||||||||||||
Scheduled date of dividend payment: ‒ | ||||||||||||
Scheduled date to submit the Quarterly Report: August 10, 2022 | ||||||||||||
Earnings Supplementary Explanatory Documents: Yes | ||||||||||||
Holding of financial results presentation meeting: No | ||||||||||||
(Figures of less than one million are rounded down.) | ||||||||||||
1. Consolidated Results for the first three months of the FYE March 31, 2023 (April 1, 2022 - June 30, 2022) | ||||||||||||
(1) Consolidated operating results | (% shows the year-on-year change) | |||||||||||
Quarterly Profit | ||||||||||||
Net sales | Operating profit | Ordinary profit | attributable to owners of | |||||||||
parent | ||||||||||||
Three months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||
June 30, 2022 | 2,922 | 63.9 | 230 | 30.9 | 200 | 19.3 | 66 | (42.4) | ||||
June 30, 2021 | 1,782 | 71.4 | 175 | 42.6 | 168 | 34.7 | 115 | 88.0 | ||||
(Note) Comprehensive income: | Three months ended June 30, 2022: ¥66 million (42.6%) | |||||||||||
Three months ended June 30, 2021: ¥115 million 88.0% |
Basic quarterly profit
per share
Diluted quarterly profit
per share
Three months ended | Yen | Yen | |||||||||||||||||
June 30, 2022 | 4.13 | 4.10 | |||||||||||||||||
June 30, 2021 | 7.46 | 7.27 | |||||||||||||||||
(2) Consolidated financial condition | |||||||||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||||||||
As of | Million yen | Million yen | % | ||||||||||||||||
June 30, 2022 | 21,543 | 9,980 | 46.0 | ||||||||||||||||
March 31, 2022 | 23,018 | 9,798 | 42.3 | ||||||||||||||||
(Reference) Equity capital: | As of June 30, 2022: ¥9,904 million | As of March 31, 2022: ¥9,729 million | |||||||||||||||||
2. Dividends | |||||||||||||||||||
Annual dividend per share | |||||||||||||||||||
End of first quarter | End of second | End of third | Year end | Total | |||||||||||||||
quarter | quarter | ||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | |||||||||||||||
FYE March 31, 2022 | ‒ | 0.00 | ‒ | 0.00 | 0.00 | ||||||||||||||
FYE March 31, 2023 | ‒ | ||||||||||||||||||
FYE March 31, 2023 | 0.00 | ‒ | 0.00 | 0.00 | |||||||||||||||
(forecast) | |||||||||||||||||||
3. Consolidated Financial Forecasts for the FYE March 31, 2023 (April 1, 2022 to March 31, 2023)
(% shows the year-on-year change)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic profit per | ||||||||
owners of parent | share | |||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | ||||
Full year | 20.1 | |||||||||||
16,300 | 1,650 | 18.5 | 1,500 | 15.3 | 930 | 4.2 | 58.35 | |||||
(Note) Revision of the forecasts most recently announced: No
* Notes
- Changes in significant subsidiaries during the first three months of FYE March 31, 2023 (changes of specified subsidiaries with change of the scope of consolidation): No
- Changes in accounting principles, changes in accounting estimates, and retrospective restatements
- Changes in accounting principles accompanying the amendment of accounting standards: Yes
- Changes in accounting policies other than (i): None
- Changes in accounting estimates: None
- Restatement: None
(Note) For details, please refer to "1. Quarterly Consolidated Financial Statements and Important Notes (3) Notes to Quarterly Consolidated Financial Statements, (Changes in Accounting Policies) on page 5 of the attached document.
(3) Number of issued shares (common shares)
(i) Number of shares outstanding at end of the period (including treasury shares)
As of June 30, 2022: | 16,154,597 shares |
As of March 31, 2022: | 15,937,237 shares |
(ii) Number of treasury shares at end of the period | |
As of June 30, 2022: | 173 shares |
As of March 31, 2022: | 173 shares |
(iii) Average number of shares during the period | |
The first three months of FYE March 2023: | 16,116,381 shares |
The first three months of FYE March 2022: | 15,508,665 shares |
- The results are not subject to an audit by a certified public accountant or an auditing firm.
-
Explanation concerning the appropriate use of financial result forecasts and other special notes (Note on forward-looking statements)
Forward-looking statements such as results forecasts provided in this document are prepared based on currently available information and assumptions that are deemed reasonable, but the Company does not intend to guarantee it's achievement. A variety of factors could cause actual results to differ materially from forecasts.
○ Index for Supplementary Information | ||
1. Quarterly consolidated Financial Statements and Important Notes...................................................................... | 2 | |
(1) | Quarterly consolidated balance sheets............................................................................................................ | 2 |
(2) | Quarterly consolidated statements of income and consolidated statements of comprehensive income ......... | 3 |
(Quarterly consolidated statements of income)................................................................................................. | 3 | |
(Quarterly consolidated statements of comprehensive income) ....................................................................... | 4 | |
(3) | Notes to Quarterly Consolidated Financial Statements ................................................................................... | 5 |
(Note to going concern assumptions) ............................................................................................................... | 5 | |
(Notes on significant fluctuations in the amount of shareholders' equity).......................................................... | 5 | |
(Change in accounting policy) ......................................................................................................................... | 5 | |
(Segment information, etc.) .............................................................................................................................. | 5 | |
(Significant Subsequent events) ....................................................................................................................... | 6 |
‒ 1 ‒
1. Quarterly Consolidated Financial Statements and Important Notes
(1) Quarterly Consolidated balance sheets
(Unit: Thousand yen) | |||
As of March 31, 2022 | As of June 30, 2022 | ||
ASSETS | |||
Current assets: | |||
Cash and deposits | 2,999,148 | 1,955,281 | |
Accounts receivable - trade and contract assets | 411,868 | 481,274 | |
Operating investments in capital | 649,696 | 646,003 | |
Inventories | 15,813,956 | 15,065,298 | |
Others | 390,538 | 566,494 | |
Less - allowance for doubtful accounts | (1,196) | (1,196) | |
Total current assets | 20,264,011 | 18,713,157 | |
Non-current assets: | |||
Property, plant and equipment | 615,358 | 527,929 | |
Intangible assets: | |||
Software | 605,052 | 644,171 | |
Goodwill | 151,339 | 147,900 | |
Others | 29,536 | 25,130 | |
Total intangible assets | 785,929 | 817,202 | |
Investments and other assets | 1,250,805 | 1,394,642 | |
Total non-current assets | 2,652,093 | 2,739,774 | |
Deferred Asset | |||
Offering expenses | 102,798 | 90,327 | |
Total deferred Assets | 102,798 | 90,327 | |
Total assets | 23,018,904 | 21,543,258 | |
LIABILITIES | |||
Current liabilities: | |||
Accounts payable - trade | 119,348 | 155,389 | |
Short-term borrowings | 3,797,090 | 4,067,590 | |
Accounts payable - other | 74,182 | 63,501 | |
Accrued expenses | 398,500 | 316,992 | |
Income taxes payable | 249,743 | 49,971 | |
Accrued compensation | 169,632 | 74,508 | |
Others | 332,827 | 394,052 | |
Total current liabilities | 5,141,325 | 5,122,004 | |
Non-current liabilities: | |||
Long-term debt | 7,844,000 | 6,208,500 | |
Liability for retirement benefits | 60,688 | 62,242 | |
Others | 174,557 | 170,396 | |
Total non-current liabilities | 8,079,246 | 6,441,138 | |
Total liabilities | 13,220,571 | 11,563,142 | |
NET ASSETS | |||
Shareholders' equity: | |||
Capital stock | 4,088,600 | 4,142,778 | |
Capital surplus | 4,088,600 | 4,142,778 | |
Retained earnings | 1,554,424 | 1,621,038 | |
Treasury stock, at cost | (1,233) | (1,233) | |
Total shareholders' equity | 9,730,392 | 9,905,361 | |
Unrealized holding losses on securities | (686) | (981) | |
Total accumulated other comprehensive losses | (686) | (981) | |
Stock acquisition rights | 68,626 | 75,735 | |
Total net assets | 9,798,332 | 9,980,115 | |
Total liabilities and net assets | 23,018,904 | 21,543,258 | |
‒ 2 ‒
- Quarterly Consolidated statements of income and consolidated statements of comprehensive income (Quarterly Consolidated statements of income)
(Unit: Thousand yen) | |||
For the three months ended | For the three months ended | ||
June 30, 2021 | June 30, 2022 | ||
Net sales | 1,782,910 | 2,922,373 | |
Cost of sales | 1,042,409 | 1,924,657 | |
Gross profit | 740,501 | 997,715 | |
Selling, general and administrative expenses | 564,589 | 767,486 | |
Operating income | 175,911 | 230,229 | |
Non-operating income: | |||
Share of profit of entities accounted for using equity | 87 | 3,896 | |
method | |||
Other non-operating income | 38 | 994 | |
Total non-operating income | 125 | 4,890 | |
Non-operating expenses: | |||
Interest expenses | 7,181 | 20,612 | |
Offering expenses | - | 12,921 | |
Other non-operating expenses | 347 | 598 | |
Total non-operating expenses | 7,529 | 34,133 | |
Ordinary income | 168,508 | 200,987 | |
Extraordinary losses: | |||
Office relocation related losses | - | 104,266 | |
Total extraordinary losses | - | 104,266 | |
Income before income taxes | 168,508 | 96,720 | |
Income taxes: | |||
Current | 22,456 | 38,954 | |
Deferred | 30,368 | (8,848) | |
Total income taxes | 52,825 | 30,106 | |
Net income | 115,682 | 66,613 | |
Net income attributable to owners of the parent | 115,682 | 66,613 | |
‒ 3 ‒
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SRE Holdings Corporation published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 06:13:07 UTC.