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Consolidated Financial Summary for the Second Quarter of FY2022 (under IFRS)
Consolidated Financial Summary for the Second Quarter of FY2022 (under
About this update from Ts Tech Co., Ltd.
Consolidated Financial Summary Cumulative Second Quarter of FY2022 (April 1, 2021 - September 30, 2021) This document is an English translation of the Japanese language version of the consolidated financial summary that TS TECH Co., Ltd. has produced as a reference purpose. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. (%: year-on-year change) Consolidated Financial Summary for the Cumulative Second Quarter of FY2022 (under IFRS) November 4, 2021 Company name: TS TECH CO., LTD. Stock exchange listing: Tokyo Stock Exchange Stock code: 7313 URL: https://www.tstech.co.jp Representative: Masanari Yasuda, President Contact: Takeshi Otsuka, General Manager, Corporate Communication Department Tel. 048-462-1121 Scheduled date for filing of quarterly securities report: November 11, 2021 Scheduled date of commencement of dividend payment: November 29, 2021 Preparation of supplementary explanatory material: Yes Quarterly results briefing: Yes (for institutional investors and analysts) (Amounts of less than one million yen are rounded down to the nearest million yen) 1. Consolidated Financial Results for the Cumulative Second Quarter of FY2022 (April 1, 2021 - September 30, 2021) (1) Consolidated Financial Results (Cumulative Total) Operating Income before Income attributable to Total Revenue Net income comprehensive income tax owners of parent income Million yen % Million yen % Million yen % Million yen % Million yen % Million yen % Second quarter 171,532 9.6 10,706 7.2 12,190 8.7 8,651 7.8 5,656 35.9 9,165 45.2 of FY2022 Second quarter 156,457 -18.4 9,985 -43.8 11,219 -41.2 8,024 -43.5 4,162 -62.5 6,312 -12.6 of FY2021 Basic earnings Diluted earnings per share per share Yen Yen Second quarter of FY2022 42.13 ─ Second quarter of FY2021 30.61 ─ (Note) TS TECH implemented a two-for-one common stock split, effective April 1, 2021. "Basic earnings per share" was calculated on the assumption that the relevant stock split had been implemented at the beginning of FY2021. (2) Consolidated Financial Position Equity attributable to Ratio of equity Equity attributable to Total assets Total equity attributable to owners owners of parent owners of parent of parent to total assets per share Million yen Million yen Million yen % Yen Second quarter 384,420 301,575 280,028 72.8 2,085.11 of FY2022 FY2021 390,478 301,450 277,017 70.9 2,063.47 (Note) TS TECH implemented a two-for-one common stock split, effective April 1, 2021. "Equity attributable to owners of parent per share" was calculated on the assumption that the relevant stock split had been implemented at the beginning of FY2021. 2. Cash Dividends Annual cash dividends per share End of 1Q End of 2Q End of 3Q End of year Annual Yen Yen Yen Yen Yen FY2021 ─ 43.00 ─ 47.00 90.00 FY2022 ─ 26.00 FY2022 (forecast) ─ 28.00 54.00 (Notes) 1. Revision from the most recent announcement of cash dividends forecasts: No 2. FY2021 end-of-year dividend breakdown: Standard dividend: 43.00 yen 60 th anniversary commemorative dividend: 4.00 yen 3. TS TECH implemented a two-for-one common stock split, effective April 1, 2021. However, the actual amounts of dividends for FY2021 have not been retroactively adjusted and are shown on a pre-stock split basis. 3. Consolidated Forecasts for FY2022 (April 1, 2021 - March 31, 2022) (%: year-on-year change) Revenue Operating Income before Net income Income attributable to Basic earnings income tax owners of parent per share Million yen % Million yen % Million yen % Million yen % Million yen % Yen FY2022 360,000 4.0 27,000 1.0 29,200 -19.4 20,400 -27.4 13,900 -33.0 103.51 (Note) Revision from the most recent announcement of consolidated financial forecasts: Yes *Notes (1) Changes in important subsidiaries during the quarter : None (Changes in significant subsidiaries affecting the scope of consolidation during this period) New subsidiaries ― companies Excluded subsidiaries ― companies (2) Changes in accounting policies and accounting estimates 1) Changes in accounting policies required by IFRS : None 2) Changes other than 1) : None 3) Changes in accounting estimates : None (3) Number of shares issued (common stock) 1) Number of shares issued at the end 2Q of FY2022 136,000,000 FY2021 136,000,000 of the term including treasury stock shares shares 2) Number of treasury stock at the end 2Q of FY2022 1,700,980 FY2021 1,751,508 of the term shares shares 3) Average number of shares during 2Q of FY2022 134,268,269 2Q of FY2021 135,995,132 the term (cumulative) shares shares (Note) TS TECH implemented a two-for-one common stock split, effective April 1, 2021. The "number of shares issued (common stock)" was calculated on the assumption that the relevant stock split had been implemented at the beginning of FY2021. *This quarterly financial statement is exempt from quarterly reviews. *Explanation regarding the appropriate use of forecasts of financial results and other notes The consolidated forecasts presented on the previous page are projections made by management at TS TECH Co., Ltd. (hereinafter the "Company") on the basis of information available at the time of preparation. For that reason, they involve risks and uncertainties. Accordingly, we request that readers of this document avoid making investment decisions based exclusively on these forecasts. Please bear in mind the possibility that actual results may differ materially from these forecasts due to various important factors. Readers are asked to proceed to "(3) Qualitative Information Concerning Consolidated Forecasts" on page 4 for assumptions and other information that form the premise for the operating results forecast on the previous page. For materials used for the results briefing held on November 4, 2021, refer to the following link on our website ( https://www.tstech.co.jp/english/) . (IR Information) https://www.tstech.co.jp/english/ir ○Table of Contents 1. Qualitative Information Concerning Quarterly Results .................................................................................... 2 (1) Qualitative Information Concerning Consolidated Financial Results.......................................................... 2 (2) Qualitative Information Concerning Consolidated Financial Positions ....................................................... 4 (3) Qualitative Information Concerning Consolidated Forecasts .................................................................... 4 2. Condensed Quarterly Consolidated Financial Statements and Significant Notes Thereto ................................ 5 (1) Condensed Quarterly Consolidated Statement of Financial Position ........................................................ 5 (2) Condensed Quarterly Consolidated Statements of Income and Comprehensive Income ............................ 7 (3) Condensed Quarterly Consolidated Statement of Changes in Equity .......................................................... 9 (4) Condensed Quarterly Consolidated Statement of Cash Flows................................................................... 11 (5) Notes Concerning Condensed Quarterly Consolidated Financial Statements ........................................... 13 - 1 - 1. Qualitative Information Concerning Quarterly Results Qualitative Information Concerning Consolidated Financial Results Revenue for the cumulative second quarter of FY2022 (April 1, 2021 - September 30, 2021) reached 171,532 million yen on a consolidated basis, an increase of 15,075 million yen (9.6%) from the same period in FY2021, mainly due to the elimination of production stoppages that occurred in the first quarter of FY2021 in the Americas and Asia and Europe segments, as well as the impact of exchange rates. This offset the impact of lower production by customers due to disruptions in the supply chain caused primarily by COVID-19 pandemic- related lockdowns concentrated in Asia and the semiconductor shortage. Looking at profits, operating profit stood at 10,706 million yen, an increase of 721 million yen (7.2%) year on year due to the impact of higher revenue and various cost containment measures. Income attributable to owners of parent amounted to 5,656 million yen, an increase of 1,493 million yen (35.9%) year on year. *USD/JPY first half average exchange rate… FY2021: ¥106.9 FY2022: ¥109.8 *CNY/JPY first half average exchange rate… FY2021: ¥15.3 FY2022: ¥17.0 Operating performance by segment is as follows. (Japan) (Unit: Million yen) Cumulative second Cumulative second Difference Change quarter of FY2021 quarter of FY2022 Revenue 35,396 39,012 3,615 10.2% Operating income 2,545 2,274 -270 -10.6 % Main factors for year-on-year change Revenue Revenue increased primarily due to an improved model mix and higher revenue accompanying the addition of Honda Cars SAITAMAKITA as a consolidated subsidiary, offsetting the impact of lower production by customers due to disruptions in the automobile industry supply chain. Operating income Operating income decreased primarily due to temporary expenses, offsetting the impact of higher revenue. (Americas) (Unit: Million yen) Cumulative second Cumulative second Difference Change quarter of FY2021 quarter of FY2022 Revenue 63,156 73,770 10,614 16.8% Operating income 1,262 111 -1,150 -91.1 % Main factors for year-on-year change Revenue Operating income Revenue increased primarily due to the elimination of production stoppages stemming from the COVID-19 pandemic that occurred in the first quarter of FY2021, offsetting the impact of lower production by customers due to disruptions in the automobile industry supply chain. Operating income decreased primarily due to the elimination of COVID-19pandemic-related subsidies received in the previous period, offsetting the impact of higher revenue. - 2 - This is an excerpt of the original content. To continue reading it, access the original document here .