Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Consolidated Financial Results
for the Three Months Ended June 30, 2022
[Japanese GAAP]
August 05, 2022
Company name: YOTAI REFRACTORIES CO.,LTD.
Stock exchange listing: Tokyo
Code number: 5357
URL: https://www.yotai.co.jp/
Representative: Mitsuo Taguchi
Contact: Shinichiro Takebayashi
President
Managing Director, General Manager of General Affairs
Department of Head Office
Phone: 072-430-2100
Scheduled date of filing quarterly securities report: August 08, 2022
Scheduled date of commencing dividend payments: -
Availability of supplementary briefing material on quarterly financial results: No
Schedule of quarterly financial results briefing session: No
(Amounts of less than one million yen are rounded down) | ||||||||||
1. Consolidated Financial Results for the Three Months Ended June 30, 2022 (April 01, 2022 to June 30, 2022) | ||||||||||
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||
owners of parent | ||||||||||
Three months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||
June 30, 2022 | 7,126 | 12.5 | 1,057 | (0.2) | 1,099 | 0.4 | 770 | (1.3) | ||
June 30, 2021 | 6,335 | 6.6 | 1,059 | 52.1 | 1,095 | 50.8 | 780 | 58.6 |
(Note) Comprehensive income: | Three months ended June 30, 2022: |
Three months ended June 30, 2021: |
¥ | 871 million | [ | 11.6%] |
¥ | 781 million | [ | 46.7%] |
Basic earnings | Diluted earnings per | ||||
per share | share | ||||
Three months ended | Yen | Yen | |||
June 30, 2022 | 37.46 | - | |||
June 30, 2021 | 36.05 | - | |||
(2) Consolidated Financial Position | |||||
Total assets | Net assets | Capital adequacy ratio | |||
As of | Million yen | Million yen | % | ||
June 30, 2022 | 38,476 | 30,152 | 78.4 | ||
March 31, 2022 | 38,750 | 30,109 | 77.7 | ||
(Reference) Equity: As of | June 30, 2022: | ¥ | 30,152 million | ||
As of | March 31, 2022: | ¥ | 30,109 million |
2. Dividends
Annual dividends | |||||||
1st | 2nd | 3rd | Year-end | Total | |||
quarter-end | quarter-end | quarter-end | |||||
Yen | Yen | Yen | Yen | Yen | |||
Fiscal year ended March 31, 2022 | - | 16.00 | - | 27.00 | 43.00 | ||
Fiscal year ending March 31, 2023 | - | ||||||
Fiscal year ending March 31, 2023 | 18.00 | - | 18.00 | 36.00 | |||
(Forecast) | |||||||
(Note) Revision to the forecast for dividends | announced most | recently: | No |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023(April 01, 2022 to March 31, 2023)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable | Basic earnings | ||||||
to owners of parent | per share | |||||||||
Six months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
13,250 | 7.5 | 1,700 | (20.7) | 1,750 | (18.9) | 1,200 | (25.5) | 58.22 | ||
September 30, 2022 | ||||||||||
Full year | 26,500 | 2.3 | 3,400 | (16.9) | 3,500 | (15.1) | 2,400 | (19.1) | 116.45 | |
(Note) Revision to the financial results forecast announced most recently: | No | |||||||||
* Notes: | ||||||||||
(1) Changes in significant subsidiaries during the three months ended June 30, 2022 | ||||||||||
(changes in specified subsidiaries resulting in changes in scope of consolidation): | No | |||||||||
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: | No |
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: No
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
June 30, 2022: | 25,587,421 | shares |
March 31, 2022: | 25,587,421 | shares |
2) Total number of treasury shares at the end of the period: | ||
June 30, 2022: | 5,156,683 | shares |
March 31, 2022: | 4,977,129 | shares |
3) Average number of shares during the period: | ||
Three months ended June 30, 2022: | 20,579,492 | shares |
Three months ended June 30, 2021: | 21,659,322 | shares |
Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets
(Thousand yen) | ||||
As of March 31,2022 | As of June 30,2022 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 8,537,563 | 6,587,589 | ||
Notes and accounts receivable - trade, and contract | 9,851,329 | 10,178,254 | ||
assets | ||||
Electronically recorded monetary claims - | 2,554,830 | 2,617,901 | ||
operating | ||||
Finished goods | 3,960,175 | 4,140,937 | ||
Work in process | 280,783 | 323,436 | ||
Raw materials and supplies | 4,772,665 | 4,653,246 | ||
Other | 327,940 | 1,361,674 | ||
Allowance for doubtful accounts | (2,894) | (4,822) | ||
Total current assets | 30,282,393 | 29,858,217 | ||
Non-current assets | ||||
Property, plant and equipment | 5,838,968 | 5,946,444 | ||
Intangible assets | 71,284 | 86,245 | ||
Investments and other assets | ||||
Investment securities | 2,279,417 | 2,300,761 | ||
Other | 295,357 | 301,485 | ||
Allowance for doubtful accounts | (16,986) | (16,174) | ||
Total investments and other assets | 2,557,789 | 2,586,072 | ||
Total non-current assets | 8,468,042 | 8,618,762 | ||
Total assets | 38,750,436 | 38,476,980 |
(Thousand yen) | ||||
As of March 31,2022 | As of June 30,2022 | |||
Liabilities | ||||
Current liabilities | ||||
Accounts payable - trade | 2,387,340 | 2,397,416 | ||
Electronically recorded obligations - operating | 2,104,994 | 2,434,054 | ||
Income taxes payable | 724,299 | 297,668 | ||
Provision for bonuses | - | 154,300 | ||
Provision for bonuses for directors (and other | 35,600 | 9,510 | ||
officers) | ||||
Other | 1,983,827 | 1,630,095 | ||
Total current liabilities | 7,236,062 | 6,923,044 | ||
Non-current liabilities | ||||
Retirement benefit liability | 1,381,292 | 1,383,573 | ||
Other | 23,580 | 17,776 | ||
Total non-current liabilities | 1,404,872 | 1,401,349 | ||
Total liabilities | 8,640,935 | 8,324,393 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 2,654,519 | 2,654,519 | ||
Capital surplus | 1,762,031 | 1,793,177 | ||
Retained earnings | 26,994,021 | 27,208,468 | ||
Treasury shares | (2,319,009) | (2,622,363) | ||
Total shareholders' equity | 29,091,563 | 29,033,803 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale | 757,432 | 771,026 | ||
securities | ||||
Deferred gains or losses on hedges | 468 | 68 | ||
Foreign currency translation adjustment | 285,705 | 370,421 | ||
Remeasurements of defined benefit plans | (25,668) | (22,733) | ||
Total accumulated other comprehensive income | 1,017,937 | 1,118,782 | ||
Total net assets | 30,109,501 | 30,152,586 | ||
Total liabilities and net assets | 38,750,436 | 38,476,980 |
Quarterly Consolidated Statements of Income and Comprehensive Income | ||
Quarterly Consolidated Statements of Income (For the three months) | ||
(Thousand yen) | ||
For the three months | For the three months | |
ended June 30,2021 | ended June 30,2022 | |
Net sales | 6,335,274 | 7,126,968 |
Cost of sales | 4,663,472 | 5,445,660 |
Gross profit | 1,671,802 | 1,681,307 |
Selling, general and administrative expenses | 612,446 | 624,170 |
Operating profit | 1,059,355 | 1,057,136 |
Non-operating income | ||
Interest income | 1,520 | 2,303 |
Dividend income | 35,063 | 47,401 |
Rental income from real estate | 5,069 | 4,916 |
Other | 6,103 | 5,523 |
Total non-operating income | 47,756 | 60,145 |
Non-operating expenses | ||
Interest expenses | 210 | 72 |
Commission for purchase of treasury shares | 3,270 | 1,927 |
Foreign exchange losses | 2,465 | 9,435 |
Loss on retirement of non-current assets | 3,500 | 2,439 |
Other | 2,338 | 3,612 |
Total non-operating expenses | 11,784 | 17,488 |
Ordinary profit | 1,095,328 | 1,099,793 |
Profit before income taxes | 1,095,328 | 1,099,793 |
Income taxes - current | 245,022 | 261,843 |
Income taxes - deferred | 69,538 | 67,024 |
Total income taxes | 314,561 | 328,868 |
Profit | 780,766 | 770,925 |
Profit attributable to non-controlling interests | - | - |
Profit attributable to owners of parent | 780,766 | 770,925 |
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Yotai Refractories Co. Ltd. published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 07:10:06 UTC.