Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Consolidated Financial Results | |
for the Fiscal Year Ended March 31, 2022 | |
[Japanese GAAP] | |
May 13, 2022 | |
Company name: | Yamatane Corporation |
Stock exchange listing: | Tokyo Stock Exchange |
Securities code: | 9305 |
URL: | https://www.yamatane.co.jp |
Representative: | Motohiro Yamazaki, Representative Director, President |
Contact: | Ichiro Tasaki, General Manager, Accounting & Finance Department, Administration |
Division | |
Phone: | +81-3-3820-1111 |
Scheduled date for annual general meeting of shareholders: | June 21, 2022 |
Scheduled date for commencing dividend payments: | June 6, 2022 |
Scheduled date for filing annual securities report: | June 21, 2022 |
Preparation of supplementary financial results briefing materials: | Yes |
Holding of financial results briefing: | Yes |
(Amounts of less than one million yen are truncated.)
1. Consolidated financial results for the fiscal year ended March 31, 2022 (April 1, 2021 to March 31, 2022)
(1) Consolidated operating results | (% indicates year-on-year change) | ||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||||
owners of parent | |||||||||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||||
March 31, 2022 | 46,765 | ― | 3,002 | (9.1) | 2,655 | (15.5) | 1,832 | (10.3) | |||||||
March 31, 2021 | 48,690 | (11.1) | 3,302 | 0.5 | 3,142 | 6.8 | 2,042 | 11.9 | |||||||
Note: Comprehensive | income: Fiscal year ended March 31, 2022: ¥3,454 million [ 37.0 %] | ||||||||||||||
Fiscal year ended March 31, 2021: ¥2,521 million [ 69.6 %] | |||||||||||||||
Basic earnings | Diluted earnings | Return on | Ordinary profit | Operating profit | |||||||||||
to total assets | |||||||||||||||
per share | per share | equity | to net sales ratio | ||||||||||||
ratio | |||||||||||||||
Fiscal year ended | Yen | Yen | % | % | % | ||||||||||
March 31, 2022 | 177.53 | ― | 4.4 | 2.2 | 6.4 | ||||||||||
March 31, 2021 | 197.86 | ― | 5.2 | 2.7 | 6.8 | ||||||||||
Reference: Share of profit of entities accounted for using equity method: | |||||||||||||||
Fiscal year ended March 31, 2022: ¥- million | Fiscal year ended March 31, 2021: ¥- million |
Note: The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. has been adopted from the beginning of the fiscal year under review. As a result, net sales reflect the adoption of the accounting standard, etc., and the year-on-year percentage change is not presented.
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |
As of | Million yen | Million yen | % | Yen |
March 31, 2022 | 123,425 | 45,558 | 34.5 | 4,127.33 |
March 31, 2021 | 123,279 | 42,923 | 32.7 | 3,900.13 |
Reference: Equity: As of March 31, 2022: ¥42,608 million
As of March 31, 2021: ¥40,264 million
(3) Consolidated cash flows
Cash flows from | Cash flows from | Cash flows from | Cash and cash | |||||||||||||
equivalents at end of | ||||||||||||||||
operating activities | investing activities | financing activities | ||||||||||||||
period | ||||||||||||||||
Fiscal year ended | Million yen | Million yen | Million yen | Million yen | ||||||||||||
March 31, 2022 | 4,242 | (9,725) | (3,585) | 7,459 | ||||||||||||
March 31, 2021 | 4,044 | (6,333) | 8,924 | 16,529 | ||||||||||||
2. Dividends | ||||||||||||||||
Annual dividends per share | Total cash | Dividend | Ratio of | |||||||||||||
dividends to | ||||||||||||||||
1st | 2nd | 3rd | Fiscal | Total | dividends | payout ratio | ||||||||||
quarter- | quarter- | quarter- | year- | (total) | (consolidated) | net assets | ||||||||||
end | end | end | end | (consolidated) | ||||||||||||
Fiscal year ended | Yen | Yen | Yen | Yen | Yen | Million yen | % | % | ||||||||
March 31, 2021 | ― | 0.00 | ― | 52.00 | 52.00 | 536 | 26.3 | 1.4 | ||||||||
March 31, 2022 | ― | 25.00 | ― | 30.00 | 55.00 | 567 | 31.0 | 1.4 | ||||||||
Fiscal year ending | ||||||||||||||||
March 31, 2023 | ― | 25.00 | ― | 31.00 | 56.00 | 40.7 | ||||||||||
(Forecast) |
3. Consolidated financial results forecast for the fiscal year ending March 31, 2023 (April 1, 2022 to March 31, 2023)
(% indicates year-on-year change) | |||||||||
Profit | Basic earnings | ||||||||
Net sales | Operating profit | Ordinary profit | attributable to | ||||||
per share | |||||||||
owners of parent | |||||||||
First half | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen |
25,800 | 10.9 | 1,400 | 3.8 | 1,290 | 8.6 | 670 | (3.6) | 64.90 | |
Full year | 52,100 | 11.4 | 2,890 | (3.8) | 2,650 | (0.2) | 1,420 | (22.5) | 137.54 |
* Notes:
- Changes in significant subsidiaries during the current period (changes in specified subsidiaries resulting in a change in the scope of consolidation): None
- Changes in accounting policies, changes in accounting estimates, and retrospective restatements
- Changes in accounting policies due to application of revised accounting standards: Yes
- Changes in accounting policies other than 1) above: None
- Changes in accounting estimates: None
- Retrospective restatements: None
- Number of common shares issued
- Number of shares issued at the end of the period (including treasury shares):
As of March 31, 2022: 11,344,181 shares
As of March 31, 2021: 11,344,181 shares
-
Number of treasury shares at the end of the period: As of March 31, 2022: 1,020,692 shares
As of March 31, 2021: 1,020,355 shares - Average number of common shares during the period: Fiscal year ended March 31, 2022: 10,323,630 shares Fiscal year ended March 31, 2021: 10,323,994 shares
[Reference] Overview of non-consolidated financial results
1. Non-consolidated financial results for the fiscal year ended March 31, 2022 (April 1, 2021 to March 31, 2022)
(1) Non-consolidated operating results | (% indicates year-on-year change) | ||||||||
Net sales | Operating profit | Ordinary profit | Profit | ||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |
March 31, 2022 | 41,183 | (5.4) | 1,206 | (31.2) | 1,210 | (34.5) | 1,069 | (24.3) | |
March 31, 2021 | 43,536 | (12.3) | 1,753 | (9.4) | 1,846 | (9.2) | 1,412 | (1.2) |
Basic earnings | Diluted earnings | ||||||
per share | per share | ||||||
Fiscal year ended | Yen | Yen | |||||
March 31, 2022 | 103.63 | ― | |||||
March 31, 2021 | 136.83 | ― | |||||
(2) Non-consolidated financial position | |||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||
As of | Million yen | Million yen | % | Yen | |||
March 31, 2022 | 87,146 | 37,450 | 43.0 | 3,627.73 | |||
March 31, 2021 | 84,736 | 36,358 | 42.9 | 3,521.85 |
Reference: Equity: As of March 31, 2022: ¥37,450 million
As of March 31, 2021: ¥36,358 million
- These financial results are outside the scope of audits by certified public accountants or an audit firm.
- Explanation on appropriate use of financial results forecasts and other matters of note
- Financial results forecasts and other forward-looking statements provided in these materials are based on information available to the Company and certain assumptions deemed reasonable as of the date of publication of this document, and actual financial results and other aspects of business performance may differ significantly from these forecasts owing to various factors. Please refer to "1. Overview of business performance (4) Future outlook" on page 4 of the Japanese version of the attached materials for conditions forming the basis for financial results forecasts, notes regarding the use of financial results forecasts, and other information.
Consolidated Financial Statements
(1) Consolidated Balance Sheet
(Million yen) | |||||
Previous fiscal year | Fiscal year under review | ||||
(As of March 31, 2021) | (As of March 31, 2022) | ||||
Assets | |||||
Current assets | |||||
Cash and deposits | 16,529 | 7,459 | |||
Notes and accounts receivable - trade | 5,668 | - | |||
Notes and accounts receivable - trade, and | - | 6,225 | |||
contract assets | |||||
Investments in leases | 3,390 | 3,349 | |||
Inventories | 1,587 | 1,568 | |||
Other | 629 | 1,425 | |||
Allowance for doubtful accounts | (0) | (2) | |||
Total current assets | 27,804 | 20,025 | |||
Non-current assets | |||||
Property, plant and equipment | |||||
Buildings and structures | 46,020 | 57,717 | |||
Accumulated depreciation | (29,081) | (30,315) | |||
Buildings and structures, net | 16,938 | 27,401 | |||
Land | 50,405 | 50,433 | |||
Construction in progress | 6,290 | 27 | |||
Other | 13,912 | 16,081 | |||
Accumulated depreciation | (6,840) | (7,284) | |||
Other, net | 7,071 | 8,797 | |||
Total property, plant and equipment | 80,706 | 86,660 | |||
Intangible assets | |||||
Other | 984 | 982 | |||
Total intangible assets | 984 | 982 | |||
Investments and other assets | |||||
Investment securities | 12,231 | 14,229 | |||
Deferred tax assets | 22 | 13 | |||
Other | 1,397 | 1,389 | |||
Allowance for doubtful accounts | (96) | (36) | |||
Total investments and other assets | 13,554 | 15,596 | |||
Total non-current assets | 95,245 | 103,239 | |||
Deferred assets | |||||
Bond issuance costs | 228 | 160 | |||
Total deferred assets | 228 | 160 | |||
Total assets | 123,279 | 123,425 |
1
(Million yen) | ||||||
Previous fiscal year | Fiscal year under review | |||||
(As of March 31, 2021) | (As of March 31, 2022) | |||||
Liabilities | ||||||
Current liabilities | ||||||
Trade accounts payable | 2,916 | 2,506 | ||||
Short-term borrowings | 4,406 | 5,141 | ||||
Current portion of long-term borrowings | 5,154 | 5,264 | ||||
Current portion of bonds payable | 4,186 | 901 | ||||
Income taxes payable | 698 | 484 | ||||
Other | 3,997 | 3,041 | ||||
Total current liabilities | 21,359 | 17,339 | ||||
Non-current liabilities | ||||||
Bonds payable | 24,232 | 23,331 | ||||
Long-term borrowings | 20,850 | 21,522 | ||||
Deferred tax liabilities for land revaluation | 4,823 | 4,823 | ||||
Deferred tax liabilities | 964 | 1,396 | ||||
Provision for environmental measures | 2 | 2 | ||||
Retirement benefit liability | 1,676 | 1,622 | ||||
Asset retirement obligations | 2,325 | 2,334 | ||||
Other | 4,120 | 5,494 | ||||
Total non-current liabilities | 58,996 | 60,527 | ||||
Total liabilities | 80,355 | 77,867 | ||||
Net assets | ||||||
Shareholders' equity | ||||||
Share capital | 10,555 | 10,555 | ||||
Capital surplus | 3,747 | 3,747 | ||||
Retained earnings | 21,341 | 22,379 | ||||
Treasury shares | (2,233) | (2,234) | ||||
Total shareholders' equity | 33,411 | 34,448 | ||||
Accumulated other comprehensive income | ||||||
Valuation difference on available-for-sale | 4,003 | 5,304 | ||||
securities | ||||||
Revaluation reserve for land | 2,872 | 2,872 | ||||
Remeasurements of defined benefit plans | (24) | (17) | ||||
Total accumulated other comprehensive | 6,852 | 8,159 | ||||
income | ||||||
Non-controlling interests | 2,659 | 2,950 | ||||
Total net assets | 42,923 | 45,558 | ||||
Total liabilities and net assets | 123,279 | 123,425 |
2
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Yamatane Corporation published this content on 02 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2022 01:41:05 UTC.