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 Year Ended February 28, 2022
(Based on Japanese GAAP)
Company name: JNS HOLDINGS INC.
Stock exchange listing: Tokyo
Stock code: Representative:
Masashi Ikeda | |
Takashi Nakano | |
Scheduled date of ordinary general meeting of shareholders: | May 27, 2022 |
Scheduled date to file Securities Report: | May 30, 2022 |
Scheduled date to commence dividend payments: | May 30, 2022 |
Preparation of supplementary material on financial results: | Yes |
Holding of financial results meeting: |
Inquiries:
3627 URLhttps://www.jns.inc/ President & Representative Director Senior Managing Director, Member of the Board
TEL (03)6838-8800
Yes (for institutional investors and analysts)
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended February 28, 2022 (from March 1, 2021 to February 28, 2022)
(1) Consolidated operating results
April 14, 2022
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | |||||
Year ended February 28, 2022 Year ended February 28, 2021 | Millions of yen 9,550 8,499 | % 12.4 (21.4) | Millions of yen 516 239 | % 115.8 (72.7) | Millions of yen 433 217 | % 99.4 (74.5) | Millions of yen 353 315 | % 11.9 (44.3) |
Earnings per share | Diluted earnings per share | Profit attributable to owners of parent/equity | Ordinary profit/total assets | Operating profit/net sales | |
Year ended February 28, 2022 Year ended February 28, 2021 | Yen 29.54 27.07 | Yen 28.28 25.65 | % 6.6 6.3 | % 5.5 2.8 | % 5.4 2.8 |
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |
As of February 28, 2022 As of February 28, 2021 | Millions of yen 8,786 6,876 | Millions of yen 5,593 5,232 | % 63.2 75.6 | Yen 465.64 440.85 |
(3) Consolidated cash flows
Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Cash and cash equivalents at end of period | |
Year ended February 28, 2022 Year ended February 28, 2021 | Millions of yen 775 (386) | Millions of yen 981 (1,811) | Millions of yen 1,085 (193) | Millions of yen 4,982 2,050 |
2. Cash dividends
Annual dividends per share | Total cash dividends (Total) | Dividend payout ratio (Consolidated) | Ratio of dividends to net assets (Consolidated) | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | ||||
Year ended February 28, 2021 Year ended February 28, 2022 | Yen - - | Yen 0.00 0.00 | Yen - - | Yen 2.00 10.00 | Yen 2.00 10.00 | Millions of yen 23 119 | % 7.4 33.9 | % 0.5 2.2 |
Year ending February 28, 2023 (Forecast) | - | 0.00 | - | 5.00 | 5.00 | 33.2 |
3. Forecast of consolidated financial results for the year ending February 28, 2023 (from March 1, 2022 to February 28, 2023)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Earnings per share | |||||
Full year | Millions of yen 9,600 | % 0.5 | Millions of yen 260 | % (49.7) | Millions of yen 250 | % (42.2) | Millions of yen 180 | % (49.1) | Yen 15.08 |
4. Notes
(1) Changes in significant subsidiaries during the year ended February 28, 2022
No
(changes in specified subsidiaries resulting in the change in scope of consolidation):
(2) 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: Changes in accounting policies due to other reasons:
Changes in accounting estimates:
Restatement of prior period financial statements:
No No No No
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of February 28, 2022 | 12,140,400 shares | As of February 28, 2021 | 11,793,800 shares |
Number of treasury shares at the end of the period
As of February 28, 2022 | 210,105 shares | As of February 28, 2021 | 105 shares |
Average number of shares during the period
Year ended February 28, 2022 | 11,966,900 shares | Year ended February 28, 2021 | 11,670,640 shares |
Consolidated financial statements Consolidated balance sheets
(Thousands of yen) | ||
As of February 28, 2021 | As of February 28, 2022 | |
Assets Current assets Cash and deposits Notes and accounts receivable - trade Merchandise Work in process Raw materials Advance payments to suppliers Other Allowance for doubtful accounts | 2,050,141 1,038,573 25,822 35,636 217,487 192,648 439,755 (4,904) | 4,982,263 1,134,617 104,507 132,460 240,012 291,341 305,941 (5,146) |
Total current assets | 3,995,160 | 7,185,998 |
Non-current assets Property, plant and equipment Buildings, net Vehicles, net furniture and fixtures, net Construction in progress | 133,856 4,386 64,677 1,544 | 149,931 3,592 90,068 1,433 |
Total property, plant and equipment | 204,464 | 245,025 |
Intangible assets Software Software in progress Goodwill Other | 178,014 256,078 72,289 4,719 | 153,736 69,950 37,590 6,441 |
Total intangible assets | 511,102 | 267,718 |
Investments and other assets Investment securities Shares of subsidiaries and associates Investments in capital of subsidiaries and associates Deferred tax assets Guarantee deposits Other Allowance for doubtful accounts | 77,924 1,702,948 1,212 151,696 238,870 30,073 (37,131) | 741,078 - 1,295 152,951 198,166 31,010 (37,131) |
Total investments and other assets | 2,165,595 | 1,087,371 |
Total non-current assets | 2,881,162 | 1,600,115 |
Total assets | 6,876,322 | 8,786,113 |
(Thousands of yen) | ||
As of February 28, 2021 | As of February 28, 2022 | |
Liabilities Current liabilities Accounts payable - trade Short-term borrowings Current portion of long-term borrowings Income taxes payable Advances received Provision for bonuses Provision for product warranties Other | 350,252 200,000 149,742 48,142 127,297 204,846 427 376,396 | 370,447 89,539 413,526 245,230 100,228 259,854 427 473,068 |
Total current liabilities | 1,457,104 | 1,952,322 |
Non-current liabilities Long-term borrowings Deferred tax liabilities Asset retirement obligations Other | 130,854 14,813 33,445 7,329 | 1,191,212 7,952 35,014 6,602 |
Total non-current liabilities | 186,443 | 1,240,781 |
Total liabilities | 1,643,547 | 3,193,103 |
Net assets Shareholders' equity Share capital Capital surplus Retained earnings Treasury shares | 2,378,899 1,487,890 1,287,666 (76) | 2,391,423 1,500,413 1,650,907 (115,366) |
Total shareholders' equity | 5,154,380 | 5,427,378 |
Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment | 41,486 2,377 1,061 | 49,348 5,899 72,630 |
Total accumulated other comprehensive income | 44,925 | 127,877 |
Share acquisition rights | 33,469 | 37,754 |
Total net assets | 5,232,775 | 5,593,010 |
Total liabilities and net assets | 6,876,322 | 8,786,113 |
Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income
(Thousands of yen) | ||
Fiscal year ended February 28, 2021 | Fiscal year ended February 28, 2022 | |
Net sales Cost of sales | 8,499,614 5,942,948 | 9,550,536 6,185,075 |
Gross profit | 2,556,666 | 3,365,461 |
Selling, general and administrative expenses | 2,317,254 | 2,848,856 |
Operating profit | 239,412 | 516,604 |
Non-operating income Subsidy income Foreign exchange gains Other | 40,153 - 7,024 | - 41,072 6,426 |
Total non-operating income | 47,177 | 47,499 |
Non-operating expenses Interest expenses Foreign exchange losses Share of loss of entities accounted for using equity method Other | 12,076 15,795 38,312 3,235 | 12,142 - 107,558 11,261 |
Total non-operating expenses | 69,419 | 130,962 |
Ordinary profit | 217,170 | 433,141 |
Extraordinary income Gain on sale of investment securities Gain on sale of shares of subsidiaries and associates Gain on change in equity Gain on reversal of share acquisition rights | - - 9,924 2,367 | 2,999 636,850 2,796 - |
Total extraordinary income | 12,292 | 642,646 |
Extraordinary losses Impairment losses Loss on valuation of investment securities Office relocation expenses | 10,717 - - | 47,609 395,546 9,185 |
Total extraordinary losses | 10,717 | 452,341 |
Profit before income taxes | 218,745 | 623,446 |
Income taxes - current Income taxes - deferred | 56,285 (153,595) | 301,973 (32,025) |
Total income taxes | (97,309) | 269,948 |
Profit | 316,055 | 353,498 |
Profit attributable to non-controlling interests | 78 | - |
Profit attributable to owners of parent | 315,976 | 353,498 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Neos Corp. published this content on 22 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2022 10:07:04 UTC.