February 4, 2022
Consolidated Financial Summary | |
for the Nine Months Ended December 31, 2021 | |
〔Japanese GAAP〕 | |
Note: Figures smaller than one million yen are rounded down. | |
Listed Company Name: | UNITED ARROWS LTD. |
Securities Traded: | First Section 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 CFO |
Telephone: | +81-3-5785-6325 |
Scheduled Date of Reporting Date: | February 10, 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 Nine-Month Period of the Fiscal Year Ending March 31, 2022 (April 1, 2021 to December 31, 2021)
- Consolidated Business Performance (aggregate)
(% indicates increase / decrease YoY)
Total Sales | Operating Profit | Ordinary Profit | Net Income attributable | |||||||
to owners of parent | ||||||||||
Nine months ended | ¥ million | % | ¥ million | % | ¥ million | % | ¥ million | % | ||
December 31, 2021 | 86,904 | (5.3) | 1,837 | - | 2,659 | - | 1,296 | - | ||
December 31, 2020 | 91,799 | (22.9) | (3,470) | - | (2,241) | - | (3,014) | - | ||
Note: Comprehensive | income: Nine months ended December 31, 2021: ¥1,195million (-%) | |||||||||
Nine months ended December 31, 2020: ¥(2,349) million (-%) | ||||||||||
Net Income per | Net Income per Share | |||||||||
after Adjusting for | ||||||||||
Share | ||||||||||
Dilutive Effects | ||||||||||
Nine months ended | yen | yen | ||||||||
December 31, 2021 | 45.47 | - | ||||||||
December 31, 2020 | (105.92) | - |
Note: Net Income per Share after Adjusting for Dilutive Effects are not stated since there are no dilutive shares.
(2) Consolidated Financial Conditions
Total Assets | Net Assets | Equity Ratio | Per-share net worth | |
¥ million | ¥ million | % | ¥ | |
As of December 31, 2021 | 66,707 | 30,870 | 46.3 | 1,083.34 |
As of March 31, 2021 | 63,619 | 29,844 | 46.9 | 1,045.93 |
Reference: Shareholders' equity: December 31, 2021: ¥30,870 million March 31, 2021: ¥29,844 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, 2021 | - | 0.00 | - | 0.00 | 0.00 | ||||
Fiscal year ending March 31, 2022 | - | 7.00 | |||||||
Fiscal year ending March 31, 2022 (Est.) | - | 12.00 | 19.00 | ||||||
Note: Revision to recently disclosed projected dividend payment: None
1
3. Projected Consolidated Performance of the Fiscal Year Ending March 2022 (From April 1, 2021 to March 31, 2022)
(% indicates increase / decrease YoY) | |||||||||
Total Sales | Operating Profit | Ordinary Profit | Net Income | Net Income | |||||
attributable to | |||||||||
per share | |||||||||
owners of parent | |||||||||
¥ million | % | ¥ million | % | ¥ million | % | ¥ million | % | yen | |
Full Fiscal Year | 117,400 | (3.5) | 1,200 | - | 2,100 | - | 200 | - | 7.01 |
Note: Revision to recently disclosed projected consolidated performance: Yes
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: Yes
- Changes other than 1: None
- Changes in accounting estimates: None
- Restatement of prior period financial statements after error corrections: None
- Number of Stocks Issued (Common Stocks)
1. | Number of stocks issued at term end (including treasury stock) | |
As of December 31, 2021: | 30,213,676 stocks | |
As of March 31, 2021: | 30,213,676 stocks | |
2. | Number of treasury stock | |
As of December 31, 2021: | 1,718,367 stocks | |
As of March 31, 2021: | 1,679,373 stocks | |
3. Average number of stocks issued and outstanding for the period | ||
Nine months ended December 31, 2021: | 28,498,723 stocks | |
Nine months ended December 31, 2020: | 28,459,417 stocks |
*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.
2
Consolidated Financial Results
(1) Quarterly Consolidated Balance Sheet
(millions of yen) | ||
At the end of | At the end of | |
the previous fiscal year | the third quarter | |
(March 31, 2021) | (December 31, 2021) | |
Assets | ||
Current assets | ||
Cash and deposits | 6,604 | 4,808 |
Notes and accounts receivable-trade | 163 | 100 |
Merchandise | 19,214 | 22,807 |
Supplies | 699 | 571 |
Accounts receivable-other | 12,184 | 16,290 |
Other | 878 | 624 |
Total current assets | 39,745 | 45,202 |
Noncurrent assets | ||
Tangible noncurrent assets | ||
Buildings and structures (net) | 4,799 | 4,008 |
Machinery and equipment (net) | 645 | 792 |
Land | 569 | 569 |
Construction in progress | 284 | 86 |
Other (net) | 521 | 420 |
Total tangible noncurrent assets | 6,820 | 5,879 |
Intangible noncurrent assets | ||
Other | 1,799 | 2,194 |
Total intangible noncurrent assets | 1,799 | 2,194 |
Investments and other assets | ||
Guarantee deposits | 7,899 | 7,172 |
Deferred tax assets | 4,689 | 4,130 |
Other | 2,688 | 2,150 |
Allowance for doubtful accounts | (23) | (23) |
Total investments and other assets | 15,254 | 13,431 |
Total noncurrent assets | 23,874 | 21,505 |
Total assets | 63,619 | 66,707 |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable-trade | 7,880 | 9,610 |
Short-term loans payable | 15,600 | 14,000 |
Trade accounts payable | 4,032 | 3,914 |
Income taxes payable | - | 529 |
Provision for bonuses | 480 | 252 |
Asset retirement obligations | 207 | 140 |
Other | 1,363 | 3,196 |
Total current liabilities | 29,564 | 31,644 |
Noncurrent liabilities | ||
Asset retirement obligations | 4,202 | 4,160 |
Other | 7 | 32 |
Total noncurrent liabilities | 4,210 | 4,193 |
Total liabilities | 33,775 | 35,837 |
Net assets | ||
Shareholders' equity | ||
Capital stock | 3,030 | 3,030 |
Capital surplus | 4,415 | 4,415 |
Retained earnings | 27,641 | 28,555 |
Treasury stock | (5,218) | (5,006) |
Total shareholders' equity | 29,868 | 30,994 |
Accumulated other comprehensive income | ||
Foreign currency translation adjustment | (23) | (124) |
Total accumulated other comprehensive income | (23) | (124) |
Total net assets | 29,844 | 30,870 |
Total liabilities and net assets | 63,619 | 66,707 |
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- Statements of Consolidated Income and Comprehensive Income Statements of Consolidated Income
Third Quarter (Nine Months Aggregate) | (millions of yen) | |
Nine months ended | Nine months ended | |
December 31, 2020 | December 31, 2021 | |
(April 1, 2020 to | (April 1, 2021 to | |
December 31, 2020) | December 31, 2021) | |
Net sales | 91,799 | 86,904 |
Cost of sales | 48,772 | 42,501 |
Gross profit | 43,027 | 44,402 |
Selling, general and administrative expenses | 46,497 | 42,565 |
Operating income (loss) | (3,470) | 1,837 |
Non-operating income | ||
Interest income | 0 | 0 |
Foreign exchange gains | 80 | 137 |
Purchase discounts | 40 | 45 |
Rent income | 15 | 9 |
Subsidy income | 1,041 | 164 |
Share of profit of entities accounted for using equity method | - | 441 |
Other | 124 | 80 |
Total non-operating income | 1,303 | 879 |
Non-operating expenses | ||
Interest expenses | 28 | 23 |
Rent expenses | 17 | 11 |
Share of loss of entities accounted for using equity method | 3 | - |
Other | 24 | 23 |
Total non-operating expenses | 74 | 57 |
Ordinary income (loss) | (2,241) | 2,659 |
Extraordinary income
Gain on sale of investments in capital of subsidiaries and affiliates
Other
Total extraordinary income
Extraordinary loss
Loss on retirement of noncurrent assets
Impairment loss
67 | 65 |
- | 0 |
67 | 65 |
11 | 19 |
801 | 438 |
Other | 18 | 46 |
Total extraordinary loss | 830 | 504 |
Income (loss) before income taxes | (3,004) | 2,220 |
Income taxes-current | 824 | 366 |
Income taxes-deferred | (1,493) | 558 |
Total income taxes | (668) | 924 |
Net income (loss) | (2,335) | 1,296 |
Net income attributable to non-controlling interests | 678 | - |
Net income (loss) attributable to owners of parent | (3,014) | 1,296 |
4
Statements of Consolidated Comprehensive Income
Third Quarter (Nine Months Aggregate) | (millions of yen) | |
Nine months ended | Nine months ended | |
December 31, 2020 | December 31, 2021 | |
(April 1, 2020 to | (April 1, 2021 to | |
December 31, 2020) | December 31, 2021) | |
Net income (loss) | (2,335) | 1,296 |
Other comprehensive income | ||
Deferred gains or losses on hedges | (0) | - |
Foreign currency translation adjustment | (13) | (100) |
Total other comprehensive income | (13) | (100) |
Comprehensive income | (2,349) | 1,195 |
Comprehensive income attributable to: | ||
Owners of the parent company | (3,028) | 1,195 |
Non-controlling interests | 678 | - |
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United Arrows Ltd. published this content on 09 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2022 02:00:10 UTC.