TIDMMAW
RNS Number : 8724V
Maruwa Co Ld
02 February 2017
Translation
-----------
Notice: This document is an excerpt translation of the
original Japanese document and is only for reference
purposes. In the event of any discrepancy between this
translated document and the original Japanese document,
the latter shall prevail.
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Summary of Consolidated Financial Results
for the Nine Months Ended December 31, 2016
(Based on Japanese GAAP)
February 2, 2017
Company name: MARUWA CO., LTD.
Stock exchange Tokyo, Nagoya
listing:
Stock code: 5344 URL http://www.maruwa-g.com/
Representative: President and Representative Sei Kanbe
Director
Inquiries: General Manager Tamaki Nozoki TEL 0561-51-0839
of Administrative
Division
Scheduled date to file Quarterly February 14, 2017
Securities Report:
Scheduled date to commence -
dividend payments:
Preparation of supplementary No
material on quarterly financial
results:
Holding of quarterly financial No
results meeting:
(Amounts are rounded off to
the nearest million yen)
1. Consolidated financial results for the nine months ended
December 31, 2016 (from April 1, 2016 to December 31, 2016)
(1) Consolidated operating Percentages indicate year-on-year
results (cumulative) changes
Net sales Operating Ordinary Profit attributable
income income to owners
of parent
-------------------- --------------- -------------- -------------- ---------------------
Millions % Millions % Millions % Millions %
of yen of yen of yen of yen
Nine months ended
December 31, 2016 23,335 4.6 3,594 40.4 3,611 38.2 2,215 33.1
Nine months ended
December 31, 2015 22,319 (7.9) 2,559 27.8 2,613 4.8 1,664 19.7
-------------------- -------- ----- -------- ---- -------- ---- ------------- ------
Earnings per Diluted earnings
share per share
-------------------- ------------ ----------------
Yen Yen
Nine months ended
December 31, 2016 179.35 179.34
Nine months ended
December 31, 2015 134.73 134.72
-------------------- ------------ ----------------
(2) Consolidated financial position
Total assets Net assets Equity ratio
-------------------- ------------ ---------- ------------
Millions Millions %
of yen of yen
As of December 31,
2016 49,660 42,825 86.2
As of March 31,
2016 48,550 41,700 85.9
-------------------- ------------ ---------- ------------
2. Cash dividends
Annual dividends per share
---------------------- -------------------------------------------------------------------
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal Total
year-end
---------------------- --------------- --------------- --------------- --------- -----
Yen Yen Yen Yen Yen
Year ended March
31, 2016 - 19.00 - 19.00 38.00
Year ending March
31, 2017 - 20.00 -
---------------------- --------------- --------------- --------------- --------- -----
Year ending March
31, 2017 (Forecast) 20.00 40.00
---------------------- --------------- --------------- --------------- --------- -----
3. Forecast of consolidated financial results for the year
ending March 31, 2017 (from April 1, 2016 to March 31, 2017)
Percentages indicate year-on-year changes
Net sales Operating Ordinary Profit attributable Earnings
income income to owners per share
of parent
---------- ------------- -------------- -------------- --------------------- ----------
Millions % Millions % Millions % Millions % Yen
of yen of yen of yen of yen
Full year 31,200 2.0 4,350 14.1 4,450 20.2 2,850 24.6 230.77
---------- -------- --- -------- ---- -------- ---- ------------- ------ ----------
4. Notes
(1) Changes in significant subsidiaries No
during the nine months ended December 31,
2016
(changes in specified subsidiaries resulting
in the change in scope of consolidation):
(2) Application of special accounting methods No
for preparing quarterly consolidated financial
statements:
(3) Changes in accounting policies, changes in accounting
estimates, and restatement of prior period financial statements
Changes in accounting policies due to Yes
revisions to accounting standards and
other regulations:
Changes in accounting policies due to No
other reasons:
Changes in accounting estimates: No
Restatement of prior period financial No
statements:
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period
(including treasury shares)
As of December As of March 31,
31, 2016 12,372,000 shares 2016 12,372,000 shares
---------------- ---------- ------- ---------------- ---------- -------
Number of treasury shares at the end of the period
As of December As of March 31,
31, 2016 19,629 shares 2016 22,033 shares
---------------- ------ ------- ---------------- ------ -------
Average number of shares during the period (cumulative from the
beginning of the fiscal year)
Nine months ended Nine months ended
December 31, 2016 12,351,410 shares December 31, 2015 12,350,013 shares
-------------------- ---------- ------- ------------------- ---------- -------
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands
of yen)
--------------------------------------------- ------------ --------------
As of March As of December
31, 2016 31, 2016
--------------------------------------------- ------------ --------------
Assets
Current assets
Cash and deposits 15,379,533 16,579,058
Notes and accounts receivable
- trade 8,042,230 8,427,579
Electronically recorded
monetary claims - operating 572,146 592,898
Merchandise and finished
goods 2,489,838 2,430,598
Work in process 1,702,316 1,655,392
Raw materials and supplies 3,095,281 3,386,391
Deferred tax assets 285,439 244,102
Other 833,428 629,062
Allowance for doubtful accounts (1,990) (40,745)
Total current assets 32,398,221 33,904,335
------------ --------------
Non-current assets
Property, plant and equipment
Buildings and structures 10,078,873 10,073,226
Accumulated depreciation (5,519,695) (5,673,006)
Buildings and structures,
net 4,559,178 4,400,220
------------ --------------
Machinery, equipment and
vehicles 18,712,379 18,288,574
Accumulated depreciation (13,799,300) (13,988,241)
Machinery, equipment and
vehicles, net 4,913,079 4,300,333
------------ --------------
Land 3,503,763 3,671,366
Construction in progress 276,133 666,323
Other 3,553,267 3,591,870
Accumulated depreciation (3,007,107) (3,028,665)
Other, net 546,160 563,205
------------ --------------
Total property, plant and
equipment 13,798,312 13,601,446
------------ --------------
Intangible assets
Goodwill 135,905 27,654
Other 433,269 285,079
Total intangible assets 569,174 312,733
------------ --------------
Investments and other assets 1,784,068 1,841,972
Total non-current assets 16,151,555 15,756,152
------------ --------------
Total assets 48,549,776 49,660,486
------------ --------------
(Thousands
of yen)
------------------------------------------ ----------- --------------
As of March As of December
31, 2016 31, 2016
------------------------------------------ ----------- --------------
Liabilities
Current liabilities
Notes and accounts payable
- trade 3,068,282 3,300,056
Current portion of long-term
loans payable 137,984 58,900
Income taxes payable 589,934 491,442
Provision for bonuses 503,850 301,771
Provision for directors'
bonuses 23,750 13,750
Notes payable - facilities 169,681 330,696
Other 1,824,564 1,847,664
Total current liabilities 6,318,045 6,344,279
----------- --------------
Non-current liabilities
Long-term loans payable 115,409 -
Deferred tax liabilities 76,973 165,242
Provision for environmental
measures 13,527 13,527
Other 325,379 311,961
Total non-current liabilities 531,288 490,729
----------- --------------
Total liabilities 6,849,333 6,835,008
----------- --------------
Net assets
Shareholders' equity
Capital stock 8,646,720 8,646,720
Capital surplus 11,946,793 11,948,947
Retained earnings 21,654,339 23,387,822
Treasury shares (47,072) (42,051)
Total shareholders' equity 42,200,781 43,941,438
----------- --------------
Accumulated other comprehensive
income
Valuation difference on
available-for-sale securities 53,057 107,535
Foreign currency translation
adjustment (555,170) (1,223,495)
Total accumulated other
comprehensive income (502,113) (1,115,960)
----------- --------------
Subscription rights to shares 1,775 -
Total net assets 41,700,443 42,825,478
----------- --------------
Total liabilities and net
assets 48,549,776 49,660,486
----------- --------------
Consolidated statements of income (cumulative) and consolidated
statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands
of yen)
--------------------------------------- ------------- -------------
Nine months Nine months
ended ended
December 31, December 31,
2015 2016
--------------------------------------- ------------- -------------
Net sales 22,318,933 23,334,559
Cost of sales 14,454,679 14,594,359
Gross profit 7,864,254 8,740,199
------------- -------------
Selling, general and administrative
expenses 5,305,061 5,146,345
Operating income 2,559,194 3,593,854
------------- -------------
Non-operating income
Interest income 23,559 25,260
Rent income 68,443 53,976
Other 50,939 50,843
Total non-operating income 142,941 130,078
------------- -------------
Non-operating expenses
Interest expenses 4,791 1,358
Foreign exchange losses 45,874 53,026
Rent expenses on real estate
for investments 28,984 32,951
Other 9,465 25,152
Total non-operating expenses 89,114 112,487
------------- -------------
Ordinary income 2,613,021 3,611,446
------------- -------------
Extraordinary income
Gain on sales of non-current
assets 7,845 582
Total extraordinary income 7,845 582
------------- -------------
Extraordinary losses
Loss on sales and retirement
of non-current assets 1,990 79,179
Loss on sales of investment
securities 6,816 -
Loss on liquidation of business - 235,069
Other - 2,350
Total extraordinary losses 8,806 316,599
------------- -------------
Profit before income taxes 2,612,060 3,295,430
------------- -------------
Income taxes - current 772,425 910,712
Income taxes - deferred 175,762 169,537
Total income taxes 948,187 1,080,250
------------- -------------
Profit 1,663,873 2,215,180
------------- -------------
Loss attributable to non-controlling
interests (0) -
------------- -------------
Profit attributable to owners
of parent 1,663,873 2,215,180
------------- -------------
Consolidated statements of comprehensive income (cumulative)
(Thousands
of yen)
---------------------------------------- ------------- -------------
Nine months Nine months
ended ended
December 31, December 31,
2015 2016
---------------------------------------- ------------- -------------
Profit 1,663,873 2,215,180
Other comprehensive income
Valuation difference on
available-for-sale securities (31,764) 54,479
Foreign currency translation
adjustment (1,046,521) (668,325)
Total other comprehensive
income (1,078,285) (613,847)
------------- -------------
Comprehensive income 585,588 1,601,333
------------- -------------
Comprehensive income attributable
to
Comprehensive income attributable
to owners of parent 585,588 1,601,333
Comprehensive income attributable
to non-controlling interests (0) -
This information is provided by RNS
The company news service from the London Stock Exchange
END
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