August 4, 2022
Consolidated Financial Summary | ||
for the Three Months Ended June 30, 2022 | ||
〔Japanese GAAP〕 | ||
Note: Figures smaller than one million yen are rounded down. | ||
Listed Company Name: | UNITED ARROWS LTD. | |
Securities Traded: | The Prime Market of the Tokyo Stock Exchange | |
Code Number: | 7606 | |
URL: | http://www.united-arrows.co.jp/en/ | |
Representative: | Yoshinori Matsuzaki, Representative Director, President and CEO | |
Contact: | Takeo Nakazawa, Executive Officer and CFO | |
Telephone: | +81-3-5785-6325 | |
Scheduled Date of Reporting Date: | August 12, 2022 | |
Scheduled Date of Dividend Payment: | - | |
Supplementary materials for the financial results: | Yes | |
Holding of presentation of financial results: | Yes (for institutional investors and analysts) |
1. Consolidated Business Results for the Three-Month Period of the Fiscal Year Ending March 31, 2023 (April 1, 2022 to June 30, 2022)
- Consolidated Business Performance (aggregate)
(% indicates increase / decrease YoY)
Total Sales | Operating Profit | Ordinary Profit | Net Income attributable | |||||
to owners of parent | ||||||||
Three months ended | ¥ million | % | ¥ million | % | ¥ million | % | ¥ million | % |
June 30, 2022 | 29,664 | 17.4 | 1,853 | - | 2,093 | - | 1,323 | - |
June 30, 2021 | 25,264 | 13.8 | (903) | - | (718) | - | (648) | - |
(Note) Comprehensive income: | As of June 30, 2022: ¥1,241million [(-%)] | ||||||||
As of June 30, 2021: ¥(692)million [(-%)] | |||||||||
Net Income per | Net Income per Share | ||||||||
after Adjusting for | |||||||||
Share | |||||||||
Dilutive Effects | |||||||||
Three months ended | yen | yen | |||||||
June 30, 2022 | 46.45 | - | |||||||
(22.72) | |||||||||
June 30, 2021 | - | ||||||||
(Note) There are no dilutive shares. | |||||||||
(2) Consolidated Financial Conditions | |||||||||
Total Assets | Net Assets | Equity Ratio | Per-share net worth | ||||||
¥ million | ¥ million | % | ¥ | ||||||
As of June 30, 2022 | 54,722 | 30,983 | 56.6 | 1,087.33 | |||||
As of March 31, 2022 | 59,703 | 30,069 | 50.4 | 1,055.23 |
(Reference) Shareholders' equity: June 30, 2022: ¥30,983 million March 31, 2022: ¥30,069 million
2. Conditions of Dividend Payment
Annual Dividend | |||||||
1Q End | 2Q End | 3Q End | Fiscal Year End | Annual | |||
yen | yen | yen | yen | yen | |||
Fiscal year ended March 31, 2022 | - | 7.00 | - | 12.00 | 19.00 | ||
Fiscal year ending March 31, 2023 | - | ||||||
Fiscal year ending March 31, 2023 (Est.) | 12.00 | - | 20.00 | 32.00 | |||
(Note) Revision to recently disclosed projected dividend payment: None
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3. Projected Consolidated Performance of the Fiscal Year Ending March 2022 (From April 1, 2022 to March 31, 2023)
(% indicates increase / decrease YoY) | ||||||||||||||||||
Net Income | Net Income | |||||||||||||||||
Total Sales | Operating Profit | Ordinary Profit | attributable to | |||||||||||||||
per share | ||||||||||||||||||
owners of parent | ||||||||||||||||||
¥ million | % | ¥ million | % | ¥ million | % | ¥ million | % | yen | ||||||||||
Full Fiscal Year | 130,000 | 9.8 | 4,800 | 185.2 | 5,230 | 85.0 | 3,000 | 309.4 | 105.28 |
(Note) Revision to recently disclosed projected consolidated performance: None
4. Others
- Changes in Significant Subsidiaries during the Current Quarter: None (Changes in special subsidiaries that caused a change in scope of consolidation)
- Adoption of Special Accounting Methods for Preparing Quarterly Consolidated Financial Statements: None
- Changes in Accounting Principles, Procedures, Methods of Presentation and Other Items
- Changes due to revision of accounting standards: None
- Changes other than 1: None
- Changes in accounting estimates: None
- Restatement of prior period financial statements after error corrections: None
- Number of Shares Issued (Common Stocks)
1. | Number of shares issued at the end of the period (including treasury stock) | |
As of June 30, 2022: | 30,213,676 shares | |
As of March 31, 2022: | 30,213,676 shares | |
2. | Number of treasury stocks at the end of the period | |
As of June 30, 2022: | 1,718,367shares | |
As of March 31, 2022: | 1,718,367 shares |
3. Average number of shares during the period | |
Three months ended June 30, 2022: | 28,495,309 shares |
Three months ended June 30, 2021: | 28,534,303 shares |
*The quarterly financial statements are not subject to quarterly reviews.
*Explanation regarding appropriate use of projected business performance
The above projection was made based on information available at present. Please note in advance that potential risks and uncertainties are included. The actual figures might differ from the figures stated above due to any possible factor.
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Consolidated Financial Results
(1) Quarterly Consolidated Balance Sheet
(millions of yen) | ||
At the end of | At the end of | |
the previous fiscal year | the first quarter | |
(March 31, 2022) | (June 30, 2022) | |
Assets | ||
Current assets | ||
Cash and deposits | 5,593 | 3,319 |
Notes and accounts receivable-trade | 184 | 124 |
Merchandise | 20,030 | 18,611 |
Supplies | 516 | 527 |
Accounts receivable-other | 11,385 | 10,846 |
Other | 765 | 822 |
Total current assets | 38,475 | 34,252 |
Noncurrent assets | ||
Tangible noncurrent assets | ||
Buildings and structures (net) | 3,493 | 3,401 |
Machinery and equipment (net) | 808 | 774 |
Land | 569 | 569 |
Construction in progress | 12 | 1 |
Other (net) | 345 | 318 |
Total tangible noncurrent assets | 5,229 | 5,066 |
Intangible noncurrent assets | ||
Other | 1,356 | 1,353 |
Total intangible noncurrent assets | 1,356 | 1,353 |
Investments and other assets | ||
Guarantee deposits | 7,049 | 7,008 |
Deferred tax assets | 4,141 | 3,662 |
Other | 3,453 | 3,380 |
Allowance for doubtful accounts | (1) | (1) |
Total investments and other assets | 14,642 | 14,050 |
Total noncurrent assets | 21,228 | 20,470 |
Total assets | 59,703 | 54,722 |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable-trade | 8,858 | 7,435 |
Short-term loans payable | 7,800 | 5,500 |
Accounts payable | 4,434 | 2,795 |
Income taxes payable | 662 | 343 |
Provision for bonuses | 801 | 462 |
Provision for directors' bonuses | - | 6 |
Asset retirement obligations | 79 | 76 |
Other | 2,801 | 2,897 |
Total current liabilities | 25,437 | 19,518 |
Noncurrent liabilities | ||
Asset retirement obligations | 4,164 | 4,187 |
Other | 32 | 32 |
Total noncurrent liabilities | 4,197 | 4,220 |
Total liabilities | 29,634 | 23,738 |
Net assets | ||
Shareholders' equity | ||
Capital stock | 3,030 | 3,030 |
Capital surplus | 4,415 | 4,430 |
Retained earnings | 27,771 | 28,753 |
Treasury stock | (5,006) | (5,006) |
Total shareholders' equity | 30,210 | 31,206 |
Accumulated other comprehensive income | ||
Foreign currency translation adjustment | (141) | (223) |
Total accumulated other comprehensive income | (141) | (223) |
Total net assets | 30,069 | 30,983 |
Total liabilities and net assets | 59,703 | 54,722 |
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- Statements of Consolidated Income and Comprehensive Income Statements of Consolidated Income
First Quarter (Three Months Aggregate) | (millions of yen) | |
Three months ended | Three months ended | |
June 30, 2021 | June 30, 2022 | |
(April 1, 2021 to | (April 1, 2022 to | |
June 30, 2021) | June 30, 2022) | |
Net sales | 25,264 | 29,664 |
Cost of sales | 12,265 | 13,482 |
Gross profit | 12,998 | 16,181 |
Selling, general and administrative expenses | 13,902 | 14,328 |
Operating income (loss) | (903) | 1,853 |
Non-operating income | ||
Interest income | 0 | 0 |
Foreign exchange gains | 40 | 118 |
Purchase discounts | 14 | 14 |
Rent income | 3 | 3 |
Share of profit of entities accounted for using equity method | 116 | 61 |
Other | 28 | 56 |
Total non-operating income | 202 | 253 |
Non-operating expenses | ||
Interest expenses | 7 | 4 |
Rent expenses | 3 | 3 |
Other | 5 | 6 |
Total non-operating expenses | 16 | 13 |
Ordinary income (loss) | (718) | 2,093 |
Extraordinary loss | ||
Loss on retirement of noncurrent assets | 17 | - |
Impairment loss | 26 | 56 |
Office relocation expenses | 3 | - |
Total extraordinary loss | 47 | 56 |
Income (loss) before income taxes | (766) | 2,037 |
Income taxes-current | 31 | 234 |
Income taxes-deferred | (149) | 478 |
Total income taxes | (117) | 713 |
Net income (loss) | (648) | 1,323 |
Net income (loss) attributable to owners of parent | (648) | 1,323 |
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Statements of Consolidated Comprehensive Income
First Quarter (Three Months Aggregate) | (millions of yen) | |
Three months ended | Three months ended | |
June 30, 2021 | June 30, 2022 | |
(April 1, 2021 to | (April 1, 2022 to | |
June 30, 2021) | June 30, 2022) | |
Net income (loss) | (648) | 1,323 |
Other comprehensive income | ||
Foreign currency translation adjustment | (44) | (81) |
Total other comprehensive income | (44) | (81) |
Comprehensive income | (692) | 1,241 |
Comprehensive income attributable to: | ||
Owners of the parent company | (692) | 1,241 |
Non-controlling interests | - | - |
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United Arrows Ltd. published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 05:43:04 UTC.