Daiichi Jitsugyo Co., Ltd.TSE: 8059

Consolidated Financial Results for the Three Months Ended June 30, 2022

Aug 1, 2022 at 5:23 AM UTC · Issued by Daiichi Jitsugyo Co., Ltd.

Consolidated Financial Results

for the Three Months Ended June 30, 2022

[Japanese GAAP]

August 1, 2022

Company name: DAIICHI JITSUGYO CO., LTD.

Stock exchange listing: Tokyo Stock Exchange

Code number: 8059

URL: https://www.djk.co.jp/

Representative: Ichiro Uno, President & CEO

Contact: Yuzo Ueda, General Manager, Accounting Department

Phone: +81-3-6370-8697

Scheduled date of filing quarterly securities report: August 10, 2022

Scheduled date of commencing dividend payments: -

Availability of supplementary explanatory materials on quarterly financial results: None

Schedule of quarterly financial results briefing session: None

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Three Months Ended June 30, 2022 (April 1, 2022 - June 30, 2022)

(1) Consolidated Operating Results		(% indicates changes from the previous corresponding period.)
	Net sales		Operating income	Ordinary income	Profit attributable to
		owners of parent

Three months ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
June 30, 2022	29,616	13.1	545	54.3	890	41.0	519	25.8
June 30, 2021	26,187	-	353	(57.9)	631	(43.7)	412	(40.9)
(Note) Comprehensive	income: Three months ended June 30, 2022: ¥834 million [85.9%]
	Three months ended June 30, 2021: ¥448 million [(59.6)%]
	Basic earnings	Diluted
	earnings
	per share
		per share

Three months ended	Yen	Yen
June 30, 2022	48.48	48.29
June 30, 2021	38.59	38.41

- The Company has adopted the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. from the beginning of the first quarter of the fiscal year ended March 31, 2022. Accordingly, the percentage change in net sales from the previous corresponding period for the three months ended June 30, 2021, is not presented.
Consolidated Financial Position

	Total assets	Net assets	Equity ratio
As of June 30, 2022	Million yen	Million yen	%
129,112	58,614	45.2
As of March 31, 2022	132,235	58,722	44.3

(Reference) Equity: As of June 30, 2022: ¥58,343 million As of March 31, 2022: ¥58,587 million

2. Dividends

				Annual dividends
		1st quarter-end	2nd quarter-end		3rd quarter-end	Year-end	Total

Fiscal year ended		Yen	Yen		Yen	Yen	Yen
	－	60.00		－	85.00	145.00
March 31, 2022

Fiscal year ending		－

March 31, 2023

Fiscal year ending
March 31, 2023			45.00		－	65.00	110.00
(Forecast)

(Note) Revision to the	forecast for dividends	announced most	recently: None

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)

				(% indicates changes from the previous corresponding period.)
	Net sales	Operating income	Ordinary income	Profit attributable	Basic
	to owners of	earnings
							parent		per share
Six months ending	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
66,000	(3.8)	2,300	(24.4)	2,400	(26.2)	1,600	(29.0)	149.41
September 30, 2022

Full year	140,000	(5.5)	5,500	(19.9)	5,800	(25.6)	3,900	(27.3)	364.18

(Note) Revision to the financial results forecast announced most recently: None

*Notes:

Changes in significant subsidiaries during the period under review (Changes in specified subsidiaries resulting in changes in scope of consolidation): None
Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates and retrospective restatement
1. Changes in accounting policies due to the revision of accounting standards: Yes
2. Changes in accounting policies other than 1) above: None
3. Changes in accounting estimates: None
4. Retrospective restatement: None
Total number of issued and outstanding shares (common shares)
1. Total number of issued and outstanding shares at the end of the period (including treasury shares):

June 30, 2022:	11,086,400 shares
March 31, 2022:	11,086,400 shares

2) Total number of treasury shares at the end of the period:
June 30, 2022:	377,274 shares
March 31, 2022:	377,294 shares

3) Average number of shares during the period:
Three months ended June 30, 2022:	10,709,106 shares
Three months ended June 30, 2021:	10,693,206 shares

These quarterly consolidated financial results are outside the scope of quarterly review by certified public accountants or an audit firm.
Explanation of the proper use of financial results forecast and other notes
The earnings forecasts and other forward-looking statements herein are based on information currently available to the Company and certain assumptions deemed reasonable, and the Company does not promise the achievement of these forecasts. Actual results may differ significantly from these forecasts due to a wide range of factors. For the assumptions underlying the forecasts and the notes on the use of the forecasts, please refer to "(3) Explanation Regarding Consolidated Financial Results Forecast and Other Forward-looking Information" on page 3 of the Appendix (available in Japanese only).

Quarterly Consolidated Financial Statements

(1) Quarterly Consolidated Balance Sheet

				(Million yen)

			As of March 31, 2022	As of June 30, 2022

Assets
Current assets
Cash and deposits	28,422	31,629
Notes and accounts receivable - trade, and contract			－	26,635
assets

Notes and accounts receivable - trade	35,184	－
Electronically recorded monetary claims	9,486	6,904
Merchandise and finished goods	19,402	21,920
Work in process	1,392	1,787
Raw materials and supplies	550	566
Accounts prepaid	15,938	17,363
Other	4,752	5,955
Allowance for doubtful accounts		(109)	(112)
Total current assets	115,021	112,650
Fixed assets
Tangible fixed assets	3,073	3,075
Intangible fixed assets	1,651	1,564
Investment and other assets
Investment securities	9,858	9,156
Retirement benefit asset	1,270	1,262
Deferred tax assets	484	513
Other	1,017	1,031
Allowance for doubtful accounts		(142)	(141)
Total investment and other assets	12,488	11,822
Total fixed assets		17,213	16,462
Total assets	132,235	129,112
Liabilities
Current liabilities

Notes and accounts payable

Short-term bank loans

Income taxes payable

Advances received

Provisions

Other

Total current liabilities

Long-term liabilities

Long-term loans

Deferred tax liabilities

Provisions

Retirement benefit liability Other

Total long-term liabilities

Total liabilities

28,682	26,627
7,082	5,220
1,375	175
27,362	29,632
1,451	854
5,337	5,594
71,292	68,103
360	330
974	1,122
20	20
463	484
402	436
2,220	2,394
73,512	70,498

				(Million yen)
			As of March 31, 2022	As of June 30, 2022

Equity
Shareholders' equity
Common stock	5,105	5,105
Capital surplus	3,812	3,812
Retained earnings	46,683	46,138
Treasury stock		(858)	(858)
Total shareholders' equity	54,742	54,197
Accumulated other comprehensive income
Unrealized gain on available-for-sale securities	2,737	2,369
Deferred gain or loss on derivatives under hedge	(414)	(334)
accounting

Foreign currency translation adjustments	1,274	1,864
Remeasurements of defined benefit plans		248	247
Total accumulated other comprehensive income	3,845	4,146
Stock acquisition rights			96	96
Non-controlling interests	38	174
Total equity			58,722	58,614
Total liabilities and equity		132,235	129,112

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