UNITED, Inc.
Consolidated Financial Report For the 1st Quarter of FY 2022
(Japanese Accounting Standards)
August 4, 2022 | |||
Company name: | UNITED, Inc. | Stock exchange listing: | Tokyo Stock Exchange |
Stock code: | 2497 | URL: | https://united.jp/ |
Representative: | Tomonori Hayakawa, CEO | ||
Contact: | Yuji Yamashita, Director and General Manager of Corporate Administration Division | ||
Tel: | +81-3-6821-0000 |
Scheduled date for filing of quarterly securities report: | August 4, 2022 | ||||||||
Scheduled date of commencement of dividend payment: | ― | ||||||||
Supplementary documents for quarterly results: | Yes | ||||||||
Quarterly results briefing: | Yes | ( For institutional investors and securities analysts) | |||||||
(Amounts of less than one million yen are rounded down) | |||||||||
1.Financial Highlights | |||||||||
(1) Results of Operations | (Percentages are shown as year-on-year changes) | ||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable | ||||||
to owners of the parent | |||||||||
Mil.¥ | % | Mil.¥ | % | Mil.¥ | % | Mil.¥ | % | ||
1st Quarter of FY 2022 | 4,776 | 0.5 | 3,125 | 4.1 | 3,125 | 3.9 | 2,399 | 16.5 | |
1st Quarter of FY 2021 | 4,752 | ― | 3,003 | ― | 3,008 | ― | 2,060 | ― | |
(Note) Comprehensive income : | 1st Quarter of FY 2022 | △2,095 Mil.¥ (―%) | ||
1st Quarter of FY 2021 | 3,256 Mil.¥ (―%) | |||
Profit | Profit | |||
per share (basic) | per share (diluted) | |||
Yen | Yen | |||
1st Quarter of FY 2022 | 119.24 | 119.10 | ||
1st Quarter of FY 2021 | 94.75 | ― | ||
(Notes) Due to the adoption of ASBJ Statement No. 29 "Accounting Standard for Revenue Recognition" in the FY2021, this Forecasts of consolidated results of operations for FY2021 is presented based on the figures after the application of ASBJ Statement No. 29. Year-on-year percentage changes in net sales is not presented because the Company expects a significant impact on the figure of net sales and it is not appropriate to compare that for the FY2021 with that for the FY2020.
(2) Financial Position
Total assets | Net assets | Equity ratio | ||||
Mil.¥ | Mil.¥ | % | ||||
1st Quarter of FY 2022 | 33,870 | 27,513 | 80.6 | |||
(As of June 30, 2022) | ||||||
FY 2021 | 38,701 | 30,288 | 77.7 | |||
(As of March 31, 2022) | ||||||
(Reference) Shareholder's Equity : | 1st Quarter of FY 2022 | 27,295 Mil.¥ | ||||
FY 2021 | 30,064 Mil.¥ | |||||
2.Dividend Per Share | ||||||
End of 1st | End of 2nd | End of 3nd | Year-end | Annual | ||
Quarter | Quarter | Quarter | ||||
Yen | Yen | Yen | Yen | Yen | ||
FY 2021 | ― | 17.00 | ― | 20.00 | 37.00 | |
FY 2022 | ― | |||||
FY 2022(Forecasted) | ― | ― | ― | ― | ||
(Note) The forecasted dividend amounts for the FY 2022 are not determined at the present moment.
3. Forecasts of consolidated results of operations for FY 2022
(Percentages show year-on-year changes)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Profit per share | |||||
owners of the parent | |||||||||
Mil.¥ | % | Mil.¥ | % | Mil.¥ | % | Mil.¥ | % | Mil.¥ | |
FY 2022 | 12,800 | 0.7 | 5,800 | 1.1 | 5,800 | 0.7 | 4,200 | 9.8 | 208.00 |
(Note) Revisions of the forecasts of consolidated results since the latest announcement : None
*Notes | |||
(1) | Significant changes in scope of consolidation | : | No |
(2) | Application of particular accounts procedures to the preparation of quarterly consolidated | : | No |
financial statement | |||
(3) | Changes in accounting policies and changes or restatement of accounting estimates | ||
(i) Changes in accounting policies caused by revision of accounting standards | : | Yes | |
(ii) Changes in accounting policies other than (i) | : | No | |
(iii) Changes in accounting estimates | : | No | |
(iv) Restatement | : | No | |
(4) | Number of shares issued (common stock) |
- Number of shares issued at end of the year (including treasury shares)
- Number of treasury shares issued at end of the year
- Number of average shares outstanding during the term
1st Quarter of FY 2022 | 20,756,345 shares | FY 2021 | 20,756,345 shares |
1st Quarter of FY 2022 | 756,749 shares | FY 2021 | 587,199 shares |
1st Quarter of FY 2022 | 20,120,462 shares | 1st Quarter of FY 2021 | 21,741,425 shares |
*Status of a quarterly review
- Quarterly consolidated financial results are not subject to a quarterly review by certified public accountants or audit corporations
*Explanations and other special notes concerning the appropriate use of business results forecasts
- The video of the financial results briefing for the 1st Quarter of FY 2022 will be delivered to institutional investors and analysts via our website. The materials used in this video will be available on our website.
UNITED Consolidated Financial Statements
(1) UNITED Consolidated Balance Sheet
(Unit : Thousands of Yen) | ||
FY 2021 | 1st Quarter of FY 2022 | |
Items of an account | (As of March 31, 2022) | (As of June 30, 2022) |
Amount | Amount | |
Assets | ||
Current assets | ||
Cash and deposits | 12,165,526 | 13,095,941 |
Notes and accounts receivable - trade | 1,347,244 | 1,045,055 |
Operational investment securities | 18,789,981 | 12,613,313 |
Inventories | 69,727 | 41,624 |
Derivatives | 1,471,624 | 2,129,603 |
Other | 340,835 | 1,042,904 |
Allowance for doubtful accounts | △5,411 | △6,384 |
Total current assets | 34,179,529 | 29,962,060 |
Non-current assets | ||
Property, plant and equipment | 292,599 | 283,706 |
Intangible assets | ||
Goodwill | 327,664 | 308,390 |
Other | 234,613 | 237,468 |
Total intangible assets | 562,278 | 545,859 |
Investments and other assets | ||
Derivatives | 3,088,403 | 2,272,049 |
Other | 578,244 | 806,966 |
Total investments and other assets | 3,666,648 | 3,079,016 |
Total non-current assets | 4,521,526 | 3,908,582 |
Total assets | 38,701,056 | 33,870,642 |
Liabilities | ||
Current liabilities | ||
Accounts payable - trade | 879,338 | 766,394 |
Short-term borrowings | 100,000 | 100,000 |
Current portion of long-term borrowings | 69,178 | 64,108 |
Income taxes payable | 1,103,564 | 1,134,496 |
Other | 660,077 | 698,054 |
Total current liabilities | 2,812,158 | 2,763,054 |
Non-current liabilities | ||
Long-term borrowings | 75,766 | 61,924 |
Deferred tax liabilities | 5,524,606 | 3,531,762 |
Total non-current liabilities | 5,600,372 | 3,593,686 |
Total liabilities | 8,412,531 | 6,356,741 |
Net assets | ||
Shareholders' equity | ||
Share capital | 2,923,019 | 2,923,019 |
Capital surplus | 379,270 | 379,270 |
Retained earnings | 14,979,955 | 16,975,791 |
Treasury shares | △983,344 | △1,253,188 |
Total shareholders' equity | 17,298,901 | 19,024,892 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 9,601,720 | 5,216,669 |
Deferred gains or losses on hedges | 3,163,747 | 3,053,867 |
Total accumulated other comprehensive income | 12,765,468 | 8,270,536 |
Share acquisition rights | 224,154 | 218,472 |
Total net assets | 30,288,524 | 27,513,901 |
Total liabilities and net assets | 38,701,056 | 33,870,642 |
(2) UNITED Consolidated Statement of Income
(Unit : Thousands of Yen) | ||
1st Quarter of FY 2021 | 1st Quarter of FY 2022 | |
Items of an account | (April 1, 2021 | (April 1, 2022 |
to June 30, 2021) | to June 30, 2022) | |
Amount | Amount | |
Net sales | 4,752,834 | 4,776,198 |
Cost of sales | 1,101,782 | 979,842 |
Gross profit | 3,651,051 | 3,796,355 |
Selling, general and administrative expenses | 647,706 | 670,976 |
Operating profit | 3,003,345 | 3,125,378 |
Non-operating income | ||
Interest and dividend income | 4 | 1 |
Share of profit of entities accounted for using equity method | 9,709 | 4,339 |
Gain on forfeiture of unclaimed dividends | 278 | 2,307 |
Other | 692 | 2,875 |
Total non-operating income | 10,685 | 9,523 |
Non-operating expenses | ||
Interest expenses | 553 | 511 |
Commission expenses | 39 | 26 |
Foreign exchange losses | 265 | ― |
Loss on valuation of crypto assets | 4,962 | 6,098 |
Expense of restricted shares | ― | 3,044 |
Other | 104 | 106 |
Total non-operating expenses | 5,925 | 9,787 |
Ordinary profit | 3,008,105 | 3,125,114 |
Extraordinary income | ||
Transfer of rights income | ― | 350,000 |
Other | ― | 9,522 |
Total extraordinary income | ― | 359,522 |
Extraordinary losses | ||
Loss on retirement of non-current assets | ― | 2,667 |
Total extraordinary losses | ― | 2,667 |
Profit before income taxes | 3,008,105 | 3,481,969 |
Income taxes - current | 943,702 | 1,091,123 |
Income taxes - deferred | 4,304 | △8,373 |
Total income taxes | 948,007 | 1,082,750 |
Profit | 2,060,098 | 2,399,218 |
Profit attributable to owners of parent | 2,060,098 | 2,399,218 |
(3) UNITED Consolidated Statement of Comprehensive Income
(Unit : Thousands of Yen) | ||
1st Quarter of FY 2021 | 1st Quarter of FY 2022 | |
Items of an account | (April 1, 2021 | (April 1, 2022 |
to June 30, 2021) | to June 30, 2022) | |
Amount | Amount | |
Profit | 2,060,098 | 2,399,218 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 1,197,328 | △4,385,051 |
Deferred gains or losses on hedges | ― | △109,880 |
Foreign currency translation adjustment | △29 | ― |
Share of other comprehensive income of entities accounted for using equity method | △458 | ― |
Total other comprehensive income | 1,196,840 | △4,494,931 |
Comprehensive income | 3,256,938 | △2,095,713 |
Comprehensive income attributable to owners of parent | 3,256,938 | △2,095,713 |
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Disclaimer
UNITED Inc. published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 06:36:02 UTC.