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.
Summary of Consolidated Financial Results for the Nine Months Ended September 30, 2021 (Based on Japanese GAAP)
November 10, 2021 | ||||
Company name: | teno.Holdings Company Limited | |||
Stock exchange listing: Tokyo, Fukuoka | ||||
Stock code: | 7037 | URL https://www.teno.co.jp/ | ||
Representative: | President & CEO | Hiroko Ikeuchi | ||
Inquiries: | Director | Haruhiko Yoshino | TEL 092 (263) 3550 | |
Scheduled date to file Quarterly Securities Report: | November 11, 2021 | |||
Scheduled date to commence dividend payments: | - | |||
Preparation of supplementary material on quarterly financial results: | Yes | |||
Holding of quarterly financial results meeting: | No |
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended September 30, 2021 (from January 1, 2021 to September 30, 2021)
(1) Consolidated operating results (cumulative) | Percentages indicate year-on-year changes | ||||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||||||||
owners of parent | |||||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||||||
Nine months ended September 30, 2021 | 8,550 | 7.3 | 353 | (27.1) | 354 | (25.1) | 217 | (26.4) | |||||||||||
Nine months ended September 30, 2020 | 7,970 | 6.6 | 484 | 35.5 | 473 | 39.8 | 295 | 32.9 | |||||||||||
Earnings per share | Diluted earnings per share | ||||||||||||||||||
Yen | Yen | ||||||||||||||||||
Nine months ended September 30, 2021 | 46.59 | 46.24 | |||||||||||||||||
Nine months ended September 30, 2020 | 63.56 | 62.90 | |||||||||||||||||
(2) Consolidated financial position | |||||||||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||||||||
Millions of yen | Millions of yen | % | |||||||||||||||||
As of September 30, 2021 | 7,155 | 2,311 | 32.3 | ||||||||||||||||
As of December 31, 2020 | 7,419 | 2,127 | 28.7 | ||||||||||||||||
2. Cash dividends | |||||||||||||||||||
Annual dividends per share | |||||||||||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |||||||||||||||
Yen | Yen | Yen | Yen | Yen | |||||||||||||||
Year ended December 31, 2020 | - | 0.00 | - | 8.20 | 8.20 | ||||||||||||||
Year ending December 31, 2021 | - | 0.00 | - | ||||||||||||||||
Year ending December 31, 2021 (Forecast) | 8.40 | 8.40 |
3. Forecast of consolidated financial results for the year ending December 31, 2021 (from January 1, 2021 to December 31, 2021)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | |||||
owners of parent | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
Full year | 11,400 | 5.8 | 433 | (29.3) | 426 | (28.3) | 234 | (31.0) | 50.01 |
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4. Notes
- Changes in significant subsidiaries during the nine months ended September 30, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation):
- Application of special accounting methods for preparing quarterly consolidated financial statements:
No
No
(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements | |
Changes in accounting policies due to revisions to accounting standards and other regulations: | No |
Changes in accounting policies due to other reasons: | No |
Changes in accounting estimates: | No |
Restatement of prior period financial statements: | No |
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2021 | 4,679,700 | shares | As of December 31, 2020 | 4,657,500 | shares | |
Number of treasury shares at the end of the period | ||||||
As of September 30, 2021 | 224 | shares | As of December 31, 2020 | 183 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Nine months ended September 30, 2021 | 4,675,057 | shares | Nine months ended September 30, 2020 | 4,655,874 | shares |
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Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen) | |||
As of December 31, 2020 | As of September 30, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 1,895,696 | 1,488,833 | |
Accounts receivable - trade | 955,655 | 858,655 | |
Other | 356,148 | 406,635 | |
Allowance for doubtful accounts | (1,028) | (1,011) | |
Total current assets | 3,206,472 | 2,753,112 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures | 2,376,863 | 2,427,725 | |
Accumulated depreciation | (723,967) | (832,373) | |
Buildings and structures, net | 1,652,896 | 1,595,351 | |
Leased assets | 15,633 | 15,633 | |
Accumulated depreciation | (10,770) | (12,891) | |
Leased assets, net | 4,863 | 2,742 | |
Construction in progress | 81,040 | 335,841 | |
Other | 341,161 | 356,310 | |
Accumulated depreciation | (291,906) | (307,627) | |
Other, net | 49,254 | 48,682 | |
Total property, plant and equipment | 1,788,055 | 1,982,618 | |
Intangible assets | |||
Goodwill | 710,548 | 664,974 | |
Other | 110,618 | 161,551 | |
Total intangible assets | 821,167 | 826,526 | |
Investments and other assets | |||
Long-term loans receivable | 818,039 | 788,004 | |
Long-term prepaid expenses | 355,249 | 324,252 | |
Deferred tax assets | 58,681 | 109,749 | |
Leasehold and guarantee deposits | 371,501 | 370,938 | |
Other | 581 | 5,788 | |
Allowance for doubtful accounts | (581) | (5,788) | |
Total investments and other assets | 1,603,471 | 1,592,944 | |
Total non-current assets | 4,212,694 | 4,402,089 | |
Total assets | 7,419,167 | 7,155,201 |
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(Thousands of yen) | |||
As of December 31, 2020 | As of September 30, 2021 | ||
Liabilities | |||
Current liabilities | |||
Accounts payable - trade | 24,001 | 22,353 | |
Short-term borrowings | 300,000 | 650,000 | |
Current portion of long-term borrowings | 441,312 | 446,329 | |
Accounts payable - other | 795,981 | 570,214 | |
Income taxes payable | 185,859 | 61,698 | |
Provision for bonuses | 47,924 | 168,157 | |
Other | 600,794 | 296,048 | |
Total current liabilities | 2,395,874 | 2,214,803 | |
Non-current liabilities | |||
Long-term borrowings | 2,767,782 | 2,485,213 | |
Deferred tax liabilities | 2,764 | 14,033 | |
Provision for retirement benefits for directors (and other | 16,513 | 22,207 | |
officers) | |||
Asset retirement obligations | 92,197 | 92,469 | |
Other | 16,369 | 15,160 | |
Total non-current liabilities | 2,895,627 | 2,629,084 | |
Total liabilities | 5,291,501 | 4,843,888 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 451,141 | 453,184 | |
Capital surplus | 528,641 | 530,684 | |
Retained earnings | 1,148,074 | 1,327,687 | |
Treasury shares | (191) | (241) | |
Total shareholders' equity | 2,127,665 | 2,311,313 | |
Total net assets | 2,127,665 | 2,311,313 | |
Total liabilities and net assets | 7,419,167 | 7,155,201 | |
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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen) | |||
Nine months ended | Nine months ended | ||
September 30, 2020 | September 30, 2021 | ||
Net sales | 7,970,700 | 8,550,293 | |
Cost of sales | 6,549,637 | 7,187,601 | |
Gross profit | 1,421,063 | 1,362,691 | |
Selling, general and administrative expenses | 936,126 | 1,009,038 | |
Operating profit | 484,937 | 353,653 | |
Non-operating income | |||
Interest income | 3,828 | 3,821 | |
Subsidy income | 150 | 21,269 | |
Other | 649 | 1,224 | |
Total non-operating income | 4,628 | 26,315 | |
Non-operating expenses | |||
Interest expenses | 11,267 | 12,468 | |
Payments for employment of persons with disabilities | 4,220 | 3,325 | |
subsidies return loss | 544 | 7,442 | |
Other | 191 | 2,008 | |
Total non-operating expenses | 16,223 | 25,244 | |
Ordinary profit | 473,342 | 354,724 | |
Extraordinary income | |||
Subsidy income | 400,003 | 478,810 | |
Total extraordinary income | 400,003 | 478,810 | |
Extraordinary losses | |||
Loss on tax purpose reduction entry of non-current assets | 399,904 | 476,868 | |
Other | - | 4,444 | |
Total extraordinary losses | 399,904 | 481,312 | |
Profit before income taxes | 473,441 | 352,221 | |
Income taxes - current | 218,783 | 174,218 | |
Income taxes - deferred | (41,249) | (39,799) | |
Total income taxes | 177,533 | 134,419 | |
Profit | 295,907 | 217,802 | |
Profit attributable to owners of parent | 295,907 | 217,802 |
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