Disclaimer: This financial information, a digest of Taisei Corporation's "Consolidated Financial Results for the Fiscal Year Ended March 31, 2023" ("Kessan Tanshin") disclosed at the Tokyo Stock Exchange on May 12, 2023 was translated into English and presented solely for the convenience of non-Japanese speaking users. If there is any discrepancy between Japanese "Kessan Tanshin" and this document, Japanese "Kessan Tanshin" will prevail.
May 12, 2023
Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (FY2022)
[Japanese GAAP]
Listed company name: | Taisei Corporation |
Stock exchange listing: | Tokyo Stock Exchange, Prime Market |
Nagoya Stock Exchange, Premier Market | |
Stock code: | 1801 |
Location of headquarters: | Tokyo, Japan |
Website: | https://www.taisei.co.jp/ |
Representative: | Yoshiro Aikawa, President and Chief Executive Officer |
Contact: | Yuichi Nakano, General Manager of Accounting Department |
TEL: | 81-3-3348-1111 (from overseas) |
Scheduled date for ordinary general | |
meeting of shareholders: | June 27, 2023 |
Scheduled date for dividend payment: | June 28, 2023 |
Scheduled date for submission of | |
securities report: | June 28, 2023 |
Supplementary materials for | |
financial summaries: | Yes |
Financial results briefing: | Yes (for analysts and institutional investors) |
1. Consolidated financial results for the fiscal year ended March 31, 2023 (FY2022)
(From April 1, 2022 to March 31, 2023)
(1) Operating results
(Millions of yen, rounded down)
(Percentages indicate changes from the same period in the previous fiscal year.)
Net sales | Operating income | Ordinary income | Net income attributable | |||||||||||||||||||||||||||
to owners of parent | ||||||||||||||||||||||||||||||
% | % | % | % | |||||||||||||||||||||||||||
FY2022 (Full year-end) | 1,642,712 | 6.4 | 54,740 | (43.0) | 63,125 | (38.9) | 47,124 | (34.0) | ||||||||||||||||||||||
As of March 31, 2023 | ||||||||||||||||||||||||||||||
FY2021 (Full year-end) | 1,543,240 | 4.3 | 96,077 | (26.4) | 103,247 | (24.0) | 71,436 | (22.8) | ||||||||||||||||||||||
As of March 31, 2022 | ||||||||||||||||||||||||||||||
(Note) Comprehensive income: | FY2022(Full year-end) | 36,600 million yen | (51.0 %) | |||||||||||||||||||||||||||
FY2021(Full year-end) | 74,765 million yen | (45.9 %) | ||||||||||||||||||||||||||||
Net income | Diluted net income | Return on equity | Ordinary income | Operating income | ||||||||||||||||||||||||||
per share | per share | /total assets | /net sales | |||||||||||||||||||||||||||
yen | yen | % | % | % | ||||||||||||||||||||||||||
FY2022 (Full year-end) | 241.24 | - | 5.6 | 3.2 | 3.3 | |||||||||||||||||||||||||
As of March 31, 2023 | ||||||||||||||||||||||||||||||
FY2021 (Full year-end) | 350.88 | - | 8.4 | 5.4 | 6.2 | |||||||||||||||||||||||||
As of March 31, 2022 | ||||||||||||||||||||||||||||||
(Reference)Equity in earnings of affiliates: | FY2022(Full year-end) | 2,054 million yen | ||||||||||||||||||||||||||||
FY2021(Full year-end) | 893 million yen |
1
(2) Financial position | (Millions of yen, rounded down) | ||||
Total assets | Net assets | Equity ratio | Net assets per share | ||
% | yen | ||||
As of March 31, 2023 | 2,016,717 | 833,944 | 41.1 | 4,402.01 | |
As of March 31, 2022 | 1,956,200 | 872,835 | 44.4 | 4,335.78 |
(Reference) Shareholders' equity: | As of March 31, 2023 | 829,187 million yen | |||||||||||
As of March 31, 2022 | 868,886 million yen | ||||||||||||
(3) Cash flows | (Millions of yen, rounded down) | ||||||||||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash | ||||||||||
equivalents at end of | |||||||||||||
operating activities | investing activities | financing activities | |||||||||||
period | |||||||||||||
FY2022 (Full year-end) | 30,101 | (14,058) | (98,668) | 415,863 | |||||||||
As of March 31, 2023 | |||||||||||||
FY2021 (Full year-end) | 80,507 | (37,680) | (41,863) | 496,760 | |||||||||
As of March 31, 2022 | |||||||||||||
2. Dividends
(Millions of yen, rounded down) | ||||||||||||||||
Dividends per share (yen) | Total | Dividend | Ratio of | |||||||||||||
First | Third | Total | dividends to | |||||||||||||
Interim | Year | dividends | payout ratio | |||||||||||||
quarter- | quarter- | (Full | equity | |||||||||||||
-end | -end | (annual) | (consolidated) | |||||||||||||
end | end | year) | (consolidated) | |||||||||||||
yen | yen | yen | yen | yen | % | % | ||||||||||
FY2021 | - | 65.00 | - | 65.00 | 130.00 | 26,244 | 37.0 | 3.1 | ||||||||
FY2022 | - | 65.00 | - | 65.00 | 130.00 | 24,940 | 53.9 | 3.0 | ||||||||
FY2023 (Forecast) | - | 65.00 | - | 65.00 | 130.00 | |||||||||||
53.7 | ||||||||||||||||
3. Consolidated results forecast for the fiscal year ending March 31, 2024 (FY2023)
(From April 1, 2023 to March 31, 2024)
(Millions of yen, rounded down) (Percentages indicate the rate of change from the same period of the previous fiscal year)
Net sales | Operating income | Ordinary income | Net income | Net income | |||||
attributable to | |||||||||
per share | |||||||||
owners of parent | |||||||||
% | % | % | % | yen | |||||
Full fiscal year | 1,760,000 | 7.1 | 64,000 | 16.9 | 67,000 | 6.1 | 45,000 | (4.5) | 242.03 |
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*Notes | |||
(1) | Changes in significant subsidiaries during the period | ||
(Changes in specified subsidiaries accompanying changes in scope of consolidation): | None | ||
(2) | Changes in accounting principles, changes in accounting estimates and restatements | ||
(i) | Changes in accounting principles due to revisions to accounting standards, etc.: | Yes | |
(ii) | Changes due to accounting principles other than (i): | None | |
(iii) | Changes in accounting estimates: | None | |
(iv) | Restatements: | None |
- Number of shares outstanding (common stock)
- Number of shares outstanding at the end of period (including treasury stock)
As of March 31, 2023 | 188,771,572 shares |
As of March 31, 2022 | 200,803,372 shares |
ii. Number of treasury stock at the end of period | |
As of March 31, 2023 | 405,934 shares |
As of March 31, 2022 | 404,114 shares |
iii. Average number of shares during the period | |
FY2022(Full year-end) | 195,346,624 shares |
FY2021(Full year-end) | 203,591,188 shares |
(Note) The number of treasury stock at the end of the period and number of treasury stock excluded for calculating average number of shares during the period include the Company's shares held by the Board Benefit Trust (BBT).
(As of March 31, 2023 104,300 shares, As of March 31, 2022 104,300 shares)
3
Reference: SUMMARY OF NON-CONSOLIDATED FINANCIAL STATEMENTS
1. Non-consolidated financial results for the fiscal year ended March 31, 2023 (FY2022)
(From April 1, 2022 to March 31, 2023)
(1) Operating results
(Millions of yen, rounded down) (Percentages indicate changes from the same period in the previous fiscal year.)
Net sales | Operating income | Ordinary income | Net income | ||||||||||||||||||||||
% | % | % | % | ||||||||||||||||||||||
FY2022 (Full year-end) | 1,325,598 | 8.7 | 41,655 | (44.7) | 49,691 | (39.3) | 36,951 | (36.0) | |||||||||||||||||
As of March 31, 2023 | |||||||||||||||||||||||||
FY2021 (Full year-end) | 1,219,267 | 6.5 | 75,293 | (31.4) | 81,856 | (29.3) | 57,743 | (26.2) | |||||||||||||||||
As of March 31, 2022 | |||||||||||||||||||||||||
Net income per share | Diluted net income per share | ||||||||||||||||||||||||
yen | yen | ||||||||||||||||||||||||
FY2022 (Full year-end) | 189.16 | - | |||||||||||||||||||||||
As of March 31, 2023 | |||||||||||||||||||||||||
FY2021 (Full year-end) | 283.63 | - | |||||||||||||||||||||||
As of March 31, 2022 | |||||||||||||||||||||||||
(2) Financial position | (Millions of yen, rounded down) | ||||||||||||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||||||||||||||
% | yen | ||||||||||||||||||||||||
As of March 31, 2023 | 1,756,258 | 635,831 | 36.2 | 3,375.52 | |||||||||||||||||||||
As of March 31, 2022 | 1,690,241 | 675,164 | 39.9 | 3,369.09 | |||||||||||||||||||||
(Reference) Shareholders' equity: As of March 31, 2023 | 635,831 million yen | ||||||||||||||||||||||||
As of March 31, 2022 | 675,164 million yen |
2.Non-consolidated results forecast for the fiscal year ending March 31, 2024 (FY2023)
(From April 1, 2023 to March 31, 2024)
(Millions of yen, rounded down) (Percentages indicate the rate of change from the same period of the previous fiscal year)
Net sales | Operating income | Ordinary income | Net income | Net income | ||||
per share | ||||||||
% | % | % | % | yen | ||||
Full fiscal year | 1,420,000 | 7.1 | 44,000 | 5.6 | 47,000 | (5.4) | 32,000 (13.4) | 172.11 |
- This financial statement is exempt from auditing procedures.
-
Disclaimer regarding appropriate use of forecasts and related points of note
Earnings forecasts in this document are based on information available at present and logical assessments and do not represent any promise by the Company. Actual results can be materially different from expectations due to a variety of factors.
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Overview of Consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2024
(100 million yen; amounts less than 100 million yen are rounded to the nearest 100 million yen (partially adjusted for fractions))
Full fiscal year | |||||||||||||||||||||||||||||
Previous | Next fiscal year | ||||||||||||||||||||||||||||
fiscal year | Current fiscal year | ||||||||||||||||||||||||||||
(From April 1, | (From April 1, 2023 | ||||||||||||||||||||||||||||
(From April 1, 2022 to March 31, 2023) | |||||||||||||||||||||||||||||
2021 to March | to March 31, 2024) | ||||||||||||||||||||||||||||
31, 2022) | |||||||||||||||||||||||||||||
Result | Forecast | Over | Over current | ||||||||||||||||||||||||||
Result | previous | Over forecast | Forecast | ||||||||||||||||||||||||||
fiscal year | |||||||||||||||||||||||||||||
fiscal year | |||||||||||||||||||||||||||||
Amount of orders received | 15,897 | 18,000 | 18,104 | 2,207 | 104 | 17,800 | (304) | ||||||||||||||||||||||
Civil engineering | 4,472 | 5,100 | 5,315 | 843 | 215 | 4,800 | (515) | ||||||||||||||||||||||
Building construction | 10,177 | 11,700 | 11,525 | 1,348 | (175) | 11,700 | 175 | ||||||||||||||||||||||
Real estate development | 1,140 | 1,100 | 1,149 | 9 | 49 | 1,200 | 51 | ||||||||||||||||||||||
Other | 108 | 100 | 115 | 7 | 15 | 100 | (15) | ||||||||||||||||||||||
Net sales | 15,432 | 17,700 | 16,427 | 995 | (1,273) | 17,600 | 1,173 | ||||||||||||||||||||||
Civil engineering | 4,146 | 4,600 | 4,232 | 86 | (368) | 4,800 | 568 | ||||||||||||||||||||||
Building construction | 9,849 | 11,900 | 10,927 | 1,078 | (973) | 11,500 | 573 | ||||||||||||||||||||||
Real estate development | 1,329 | 1,100 | 1,153 | (176) | 53 | 1,200 | 47 | ||||||||||||||||||||||
Other | 108 | 100 | 115 | 7 | 15 | 100 | (15) | ||||||||||||||||||||||
Gross Profit | % | 12.2 | 11.0 | 9.0 | (3.2) | (2.0) | 9.4 | 0.4 | |||||||||||||||||||||
1,877 | 1,940 | 1,478 | (399) | (462) | 1,660 | 182 | |||||||||||||||||||||||
Civil engineering | % | 17.2 | 16.1 | 17.2 | - | 1.1 | 16.7 | (0.5) | |||||||||||||||||||||
714 | 740 | 727 | 13 | (13) | 800 | 73 | |||||||||||||||||||||||
Building construction | % | 9.1 | 7.9 | 4.4 | (4.7) | (3.5) | 4.9 | 0.5 | |||||||||||||||||||||
898 | 940 | 486 | (412) | (454) | 565 | 79 | |||||||||||||||||||||||
Real estate development | % | 18.0 | 21.4 | 20.5 | 2.5 | (0.9) | 22.5 | 2.0 | |||||||||||||||||||||
239 | 235 | 236 | (3) | 1 | 270 | 34 | |||||||||||||||||||||||
Other | % | 24.1 | 25.0 | 24.9 | 0.8 | (0.1) | 25.0 | 0.1 | |||||||||||||||||||||
26 | 25 | 29 | 3 | 4 | 25 | (4) | |||||||||||||||||||||||
SG&A expenses | % | (6.0) | (5.5) | (5.7) | 0.3 | (0.2) | (5.8) | (0.1) | |||||||||||||||||||||
(916) | (970) | (931) | (15) | 39 | (1,020) | (89) | |||||||||||||||||||||||
Operating income | % | 6.2 | 5.5 | 3.3 | (2.9) | (2.2) | 3.6 | 0.3 | |||||||||||||||||||||
961 | 970 | 547 | (414) | (423) | 640 | 93 | |||||||||||||||||||||||
Non-operating income | 84 | 60 | 97 | 13 | 37 | 70 | (27) | ||||||||||||||||||||||
Non-operating expenses | (13) | (30) | (13) | (0) | 17 | (40) | (27) | ||||||||||||||||||||||
(Net financial revenue) | 55 | 30 | 50 | (5) | 20 | 36 | (14) | ||||||||||||||||||||||
Ordinary income | % | 6.7 | 5.6 | 3.8 | (2.9) | (1.8) | 3.8 | - | |||||||||||||||||||||
1,032 | 1,000 | 631 | (401) | (369) | 670 | 39 | |||||||||||||||||||||||
Extraordinary income | 18 | 10 | 66 | 48 | 56 | - | (66) | ||||||||||||||||||||||
Extraordinary losses | (15) | (20) | (16) | (1) | 4 | (10) | 6 | ||||||||||||||||||||||
Income before income taxes | % | 6.7 | 5.6 | 4.1 | (2.6) | (1.5) | 3.8 | (0.3) | |||||||||||||||||||||
and minority interests | 1,035 | 990 | 681 | (354) | (309) | 660 | (21) | ||||||||||||||||||||||
Income taxes and others | (319) | (320) | (207) | 112 | 113 | (210) | (3) | ||||||||||||||||||||||
Net income | % | 4.6 | 3.8 | 2.9 | (1.7) | (0.9) | 2.6 | (0.3) |
716 | 670 | 474 | (242) | (196) | 450 | (24) | ||
Net income(loss) attributable | (2) | - | (3) | (1) | (3) | - | 3 | ||||
to non-controlling interests | |||||||||||
Net income attributable to | % | 4.6 | 3.8 | 2.9 | (1.7) | (0.9) | 2.6 | (0.3) |
owners of parent | 714 | 670 | 471 | (243) | (199) | 450 | (21) |
- Forecasts for the current fiscal year under review are the figures released on February 8, 2023.
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Taisei Corporation published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 04:21:09 UTC.