Summary of Consolidated Financial Results of Sumitomo Osaka Cement Co.,Ltd. for 2021 March Term (from April 1, 2020 to March 31, 2021)〔Japan Standard〕
May 13,2021 | ||||||||||||||||||||||||||||||||||
Company name | Sumitomo Osaka Cement Co., Ltd | Stock Exchange Listing | Tokyo | |||||||||||||||||||||||||||||||
Stock code | 5232 | URL https://www.soc.co.jp/ | ||||||||||||||||||||||||||||||||
Representative | (Job Title) | Managing Director | (Name) | Fukuichi Sekine | ||||||||||||||||||||||||||||||
Contact Manager | (Job Title) | General Manager | (Name) | Jun Kamimura | (TEL) +81 3 5211 4505 | |||||||||||||||||||||||||||||
Scheduled date to submit | June 29,2021 | Scheduled date to commence | June 30,2021 | |||||||||||||||||||||||||||||||
General Meeting | Dividend payments | |||||||||||||||||||||||||||||||||
Scheduled date to submit | June 29,2021 | |||||||||||||||||||||||||||||||||
Securities Report | ||||||||||||||||||||||||||||||||||
Availability of supplementary briefing material | : Yes | |||||||||||||||||||||||||||||||||
on financial results | ||||||||||||||||||||||||||||||||||
Scheduled date of Quarterly Financial Results | : Yes | |||||||||||||||||||||||||||||||||
Briefing Session | ||||||||||||||||||||||||||||||||||
(Figures are rounded down to the nearest million yen) | ||||||||||||||||||||||||||||||||||
1.Consolidated Financial Results for 2021 March Term (from April 1, 2020 to March 31, 2021) | ||||||||||||||||||||||||||||||||||
(1)Consolidated operating results | (% indicates | changes | from the | previous corresponding | term) | |||||||||||||||||||||||||||||
Net sales | Operating income | Ordinary income | profit attributable to | |||||||||||||||||||||||||||||||
owners of the parent | ||||||||||||||||||||||||||||||||||
Million yen | % | Million | yen | % | Million | yen | % | Million | yen | % | ||||||||||||||||||||||||
2021 March Term | 239,274 | △2.4 | 16,631 | 3.1 | 17,641 | 4.1 | 11,719 | 7.3 | ||||||||||||||||||||||||||
2020 March Term | 245,159 | △2.4 | 16,128 | 13.7 | 16,947 | 7.3 | 10,922 | 40.1 | ||||||||||||||||||||||||||
(Note) | Comprehensive income | 2021 March Term | 14,717 | Million yen | (63.0%) | 2020 March Term | 9,027Million yen | (78.8%) | ||||||||||||||||||||||||||
Net profit | Fully diluted profit | Return on equity | Ordinary income | Operating income | ||||||||||||||||||||||||||||||
per share | per share | on total assets | Margin | |||||||||||||||||||||||||||||||
Yen Sen | Yen Sen | % | % | % | ||||||||||||||||||||||||||||||
2021 March Term | 304.56 | ― | 5.9 | 5.4 | 7.0 | |||||||||||||||||||||||||||||
2020 March Term | 283.21 | ― | 5.6 | 5.2 | 6.6 | |||||||||||||||||||||||||||||
(Reference) | Gain/loss on | equity | method | 2021 March Term | 243Million yen | 2020 March Term | 268Million yen | |||||||||||||||||||||||||||
investment | ||||||||||||||||||||||||||||||||||
(2)Consolidated financial status | ||||||||||||||||||||||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | |||||||||||||||||||||||||||||||
Million yen | Million | yen | % | Yen Sen | ||||||||||||||||||||||||||||||
2021 March Term | 329,650 | 205,827 | 61.8 | 5,397.31 | ||||||||||||||||||||||||||||||
2020 March Term | 321,108 | 198,699 | 61.3 | 5,101.00 | ||||||||||||||||||||||||||||||
(Reference) | Equity | 2021 March Term | 203,731Millions Yen | 2020 March Term | 196,724Millions Yen | |||||||||||||||||||||||||||||
(3)Consolidated cash flow status | ||||||||||||||||||||||||||||||||||
Cash flow from operating | Cash flow from | Cash flow from financing | Cash & cash | |||||||||||||||||||||||||||||||
equivalents at the | ||||||||||||||||||||||||||||||||||
activities | Investing Activities | activities | ||||||||||||||||||||||||||||||||
end of the term | ||||||||||||||||||||||||||||||||||
Million yen | Million | yen | Million | yen | Million yen | |||||||||||||||||||||||||||||
2021 March Term | 32,797 | △18,884 | △10,869 | 18,600 | ||||||||||||||||||||||||||||||
2020 March Term | 32,305 | △18,815 | △12,959 | 15,799 | ||||||||||||||||||||||||||||||
2.Dividend Status | ||||||||||||||||||||||||||||||||||
Annual dividend | Total Dividend | Pay out ratio | Dividend on net | |||||||||||||||||||||||||||||||
asset | ||||||||||||||||||||||||||||||||||
End of 1Q | End of 2Q | End of 3Q | Year end | Total | (Sum) | (Consolidated) | ||||||||||||||||||||||||||||
(Consolidated) | ||||||||||||||||||||||||||||||||||
Yen Sen | Yen Sen | Yen Sen | Yen Sen | Yen Sen | Million yen | % | % | |||||||||||||||||||||||||||
2020 March Term | ― | 60.00 | ― | 60.00 | 120.00 | 4,628 | 42.4 | 2.4 | ||||||||||||||||||||||||||
2021 March Term | ― | 60.00 | ― | 60.00 | 120.00 | 4,582 | 39.4 | 2.3 | ||||||||||||||||||||||||||
2022 March Term | ― | 60.00 | ― | 60.00 | 120.00 | 49.6 | ||||||||||||||||||||||||||||
(Forecast) | ||||||||||||||||||||||||||||||||||
(Note) Revisions from the most recently published dividend forecast : None |
―1―
3.Forecast of Consolidated Financial Results for 2022 March Term(From April 1,2021~March 31,2022)
(% indicates changes from the previous corresponding term)
Net sales | Operating income | Ordinary income | profit attributable to | Net income | |||||
owners of the parent | per share | ||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen Sen | |
First-half | 88,200 | △21.3 | 4,400 | △26.9 | 5,000 | △24.1 | 4,000 | △11.1 | 107.33 |
(Total) | |||||||||
Full-year | 185,500 | △22.5 | 11,500 | △30.9 | 12,500 | △29.1 | 9,000 | △23.2 | 241.78 |
(Note)
- Since the Company will apply the "Accounting Standard for Revenue Recognition" (Corporate Accounting Standard No. 29, March 31, 2020) from the beginning of the fiscal year ending March 2022, the above consolidated earnings forecast will be made after applying the accounting standard. It is the amount of money.
- At the board of directors meeting held on February 9, 2021, the Company resolved to acquire treasury stock. The impact of the acquisition of treasury stock is taken into consideration in the above consolidated earnings forecast, "Net income per share".
―2―
- Notes
( 1 ) Changes in significant subsidiaries | during the | present term (Transition specific | : | None | |
subsidiaries accompanied by changes in the scope of consolidation) | |||||
(2)Changes in accounting policies, changes in accounting estimates, and restatements | |||||
① | Changes in accounting policies due to revision | : None | |||
of accounting standards, etc. | |||||
② | Changes in accounting policies besides | ① | : None | ||
③ | Changes in accounting estimates | : None | |||
④ | Redisplay of modification | : None |
(3)Numbers of Shares Issued(Common stock)
- Number of shares issued at the end of the period (including treasury stock)
- Year-endtreasury stock
- Average number of shares during the period
March,2021 | 38,643,217Shares | March,2020 | 40,643,217Shares |
March,2021 | 896,372Shares | March,2020 | 2,077,354Shares |
March,2021 | 38,480,575Shares | March,2020 | 38,568,657Shares |
(Reference) | Summery of Non-consolidated Financial Results | |||||||||||||
1.Non-consolidated Financial Results for 2021 March Term | ||||||||||||||
(from April 1, 2020 to March 31, 2021) | ||||||||||||||
(1)Non-consolidated operating profit | (% indicates changes from the previous corresponding term) | |||||||||||||
Net sales | Operating income | Ordinary income | Net profit | |||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||||
2021 March Term | 147,619 | △5.3 | 12,170 | 7.4 | 13,329 | 7.4 | 9,104 | 11.6 | ||||||
2020 March Term | 155,935 | △0.9 | 11,334 | 16.8 | 12,409 | 11.9 | 8,157 | 73.9 | ||||||
Net profit | Fully diluted profit per | |||||||||||||
per share | share | |||||||||||||
Yen Sen | Yen Sen | |||||||||||||
2021 March Term | 236.61 | ― | ||||||||||||
2020 March Term | 211.51 | ― | ||||||||||||
(2)Non-consolidated financial status | ||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | |||||||||||
Million yen | Million | yen | % | Yen Sen | ||||||||||
2021 March Term | 281,528 | 166,200 | 59.0 | 4,403.02 | ||||||||||
2020 March Term | 273,244 | 162,751 | 59.6 | 4,220.09 | ||||||||||
(Reference) | Equity | 2021 March term | 166,200Millions Yen | 2020 March Term | 162,751Millions Yen |
2.Forecast of Non-consolidated Financial Results for 2022 March Term(From April 1,2021~March 31,2022)
(% indicates changes from the previous corresponding term)
Net sales | Ordinary income | Net profit | Net profit per share | ||||||
Million yen | % | Million yen | % | Million yen | % | Yen Sen | |||
First-half | 69,400 | △2.4 | 3,600 | △37.7 | 3,100 | △23.9 | 83.18 | ||
(Total) | |||||||||
Full-year | 143,500 | △2.8 | 8,000 | △40.0 | 6,000 | △34.1 | 161.20 |
(Note)
- Since the Company will apply the "Accounting Standard for Revenue Recognition" (Corporate Accounting Standard No. 29, March 31, 2020) from the beginning of the fiscal year ending March 2022, the above non-consolidated earnings forecast will be made after applying the accounting standard. It is the amount of money.
- At the board of directors meeting held on February 9, 2021, the Company resolved to acquire treasury stock. The impact of the acquisition of treasury stock is taken into consideration in the above non-consolidated earnings forecast, "Net income per share".
―3―
・Consolidated financial statements (1)Consolidated balance sheets
(Unit:Million yen) | ||||
Previous consolidated | Current consolidated | |||
fiscal year | fiscal year | |||
(March 31, 2020) | (March 31, 2021) | |||
Assets | ||||
Current assets | ||||
Cash and deposit | 15,863 | 18,664 | ||
Notes and accounts receivable | 48,359 | 46,268 | ||
Merchandise and finished goods | 7,067 | 7,387 | ||
Work in progress | 1,433 | 1,851 | ||
Raw materials and supplies | 12,876 | 12,505 | ||
Short-term loans receivable | 547 | 477 | ||
Others | 1,740 | 4,078 | ||
Allowance for loan losses | △1 | △15 | ||
Total current assets | 87,885 | 91,217 | ||
Fixed assets | ||||
Property, plant and equipment | ||||
Buildings and structures | 173,057 | 174,640 | ||
Accumulated depreciation | △122,620 | △125,298 | ||
Buildings and structures (Net) | 50,437 | 49,341 | ||
Machinery, equipment and vehicles | 446,055 | 453,113 | ||
Accumulated depreciation | △389,326 | △397,867 | ||
Machinery, equipment and vehicles (Net) | 56,728 | 55,245 | ||
Land | 37,180 | 37,090 | ||
Construction in progress | 4,339 | 8,100 | ||
Others | 37,529 | 38,044 | ||
Accumulated depreciation | △19,808 | △20,158 | ||
Others(Net) | 17,721 | 17,885 | ||
Total property, plant and equipment | 166,407 | 167,664 | ||
Intangible fixed assets | 3,017 | 3,106 | ||
Investment and other assets | ||||
Investment securities | 54,089 | 57,095 | ||
Long-term loans receivable | 2,774 | 3,154 | ||
Deferred tax assets | 1,216 | 1,174 | ||
Assets related to retirement benefits | 382 | 1,028 | ||
Others | 5,455 | 5,320 | ||
Allowance for doubtful accounts | △120 | △111 | ||
Total investment and other assets | 63,797 | 67,661 | ||
Total Fixed assets | 233,222 | 238,433 | ||
Total assets | 321,108 | 329,650 | ||
―4―
(Unit:Million yen) | ||||
Previous consolidated | Current consolidated | |||
fiscal year | fiscal year | |||
(March 31, 2020) | (March 31, 2021) | |||
Liabilities | ||||
Current liabilities | ||||
Bills payable and accounts payable | 27,593 | 28,132 | ||
Short-term borrowing | 21,354 | 19,417 | ||
Long-term borrowing to be repaid within one year | 5,470 | 6,243 | ||
Income taxes payable and others | 2,736 | 3,609 | ||
Provision for bonuses | 2,438 | 2,484 | ||
Others | 10,848 | 11,963 | ||
Total current liabilities | 70,441 | 71,850 | ||
Fixed liabilities | ||||
Corporate bond | 10,000 | 10,000 | ||
Long-term borrowing | 15,783 | 15,745 | ||
Deferred tax liabilities | 10,525 | 11,866 | ||
Provision for directors' retirement benefits | 147 | 154 | ||
Provision for PCB waste disposal costs | 107 | 61 | ||
Retirement benefit liability | 2,176 | 895 | ||
Provision for share-based remuneration | - | 21 | ||
Asset retirement obligation | 1,041 | 1,005 | ||
Others | 12,184 | 12,222 | ||
Total fixed liabilities | 51,966 | 51,973 | ||
Total liabilities | 122,408 | 123,823 | ||
Net Assets | ||||
Stock capital | ||||
Capital stock | 41,654 | 41,654 | ||
Capital surplus | 24,558 | 14,102 | ||
An earned surplus | 117,100 | 124,190 | ||
Treasury stock | △10,819 | △3,319 | ||
Total stock capital | 172,493 | 176,626 | ||
Accumulated other comprehensive income | ||||
Valuation difference on other securities | 24,517 | 26,469 | ||
Currency translation adjustment account | 504 | 424 | ||
Accumulated adjustment for retirement benefits | △791 | 210 | ||
Total accumulated other comprehensive income | 24,231 | 27,104 | ||
Non-dividend shareholder stake | 1,975 | 2,096 | ||
Total net assets | 198,699 | 205,827 | ||
Total liabilities and net assets | 321,108 | 329,650 | ||
―5―
Attachments
- Original document
- Permalink
Disclaimer
Sumitomo Osaka Cement Co. Ltd. published this content on 28 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2021 21:07:01 UTC.