Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Summary of Consolidated Financial Results for the Three Months Ended June 30 2021 (Based on Japanese GAAP)
August 13, 2021 | ||||
Company name: | Enbio Holdings, Inc | |||
Listing: | Tokyo | |||
Stock code: | 6092 | URL: https://www.enbio-holdings.com | ||
Representative: | President & Chief Operating Officer | Minoru Nishimura | ||
Inquiries: | Accounting Director | Takaharu Hasegawa | TEL:03-5297-7155 | |
Scheduled date to file Quarterly Securities Report: | August 13, 2021 | |||
Scheduled date to commence dividend payments: | - | |||
Preparation of supplementary material on quarterly financial results: | No | |||
Holding of quarterly financial results briefing: | No |
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2021 (from April 1 to June 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 | % | ||||||||||||
Three months ended June 30, 2021 | 1,921 | (19.0) | 388 | 8.4 | 396 | 2.2 | 240 | (11.1) | |||||||||||
Three months ended June 30, 2020 | 2,371 | 10.1 | 358 | 2.9 | 387 | 37.0 | 270 | (28.3) | |||||||||||
(Note) Comprehensive income: | Three months ended June 30, 2021 : 241 millions of yen (23.1%) | ||||||||||||||||||
Three months ended June 30, 2020 : 314 millions of yen (21.3%) | |||||||||||||||||||
Basic earnings | Diluted earnings | ||||||||||||||||||
per share | per share | ||||||||||||||||||
Yen | Yen | ||||||||||||||||||
Three months ended June 30, 2021 | 36.23 | 36.18 | |||||||||||||||||
Three months ended June 30, 2020 | 41.19 | 40.76 | |||||||||||||||||
(2) Consolidated financial position | |||||||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||||||||
Millions of yen | Millions of yen | % | Yen | ||||||||||||||||
As of June 30, 2021 | 15,641 | 5,475 | 34.8 | 825.23 | |||||||||||||||
As of March 31, 2021 | 15,698 | 5,317 | 33.7 | 795.22 | |||||||||||||||
(Reference) Equity: | As of June 30, 2021 : 5,446 millions of yen | ||||||||||||||||||
As of March 31, 2021 : 5,286 millions of yen | |||||||||||||||||||
2. Cash dividends | |||||||||||||||||||
Annual dividends per share | |||||||||||||||||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | |||||||||||||||
Yen | Yen | Yen | Yen | Yen | |||||||||||||||
Year ended March 31, 2021 | - | 0.00 | - | 0.00 | 0.00 | ||||||||||||||
Year ending March 31, 2022 | - | ||||||||||||||||||
Year ending March 31 2022 (Forecast) | 0.00 | - | 0.00 | 0.00 | |||||||||||||||
(Note) Revisions to the forecast of cash dividends most recently announced: No
3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1 2021 to March 31, 2022)
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 | 8,550 | 25.0 | 749 | 21.3 | 645 | 8.9 | 361 | 18.8 | 54.39 | ||
(Note) Revisions to the financial results forecast most recently announced: Yes | |||||||||||
4. Notes | |||||||||||
(1) Changes in significant subsidiaries during the three months ended June 30, 2021 | |||||||||||
(changes in specified subsidiaries resulting in the change in scope of consolidation): | No | ||||||||||
(2) Application of special accounting methods for preparing quarterly consolidated financial statements: | 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: | Yes | ||||||||||
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 issue shares at the end of the period (including treasury shares)
As of June 30, 2021 | 6,671,700 shares | As of March 31, 2021 | 6,648,700 shares |
Number of treasury shares at the end of the period | |||
As of June 30, 2021 | 72,109 shares | As of March 31, 2021 | 1,109 shares |
Average number of shares during the period (cumulative from the beginning of the fiscal year)
As of June 30, 2021 | 6,639,525 shares | As of June 30, 2020 | 6,571,132 shares |
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen) | ||
As of March 31, 2021 | As of June 30, 2021 | |
Assets | ||
Current assets | ||
Cash and deposits | 2,015,310 | 2,226,473 |
Notes and accounts receivable - trade | 978,524 | - |
Notes and accounts receivable - trade, and contract | - | 964,332 |
assets | ||
Inventories | 3,119,353 | 2,837,040 |
Other | 533,042 | 584,283 |
Allowance for doubtful accounts | (30,538) | (25,249) |
Total current assets | 6,615,693 | 6,586,879 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 440,667 | 433,834 |
Machinery, equipment and vehicles, net | 3,891,678 | 3,931,844 |
Land | 2,852,880 | 2,905,623 |
Construction in progress | 143,119 | 17,101 |
Other, net | 3,877 | 6,872 |
Total property, plant and equipment | 7,332,223 | 7,295,276 |
Intangible assets | ||
Goodwill | 126,098 | 124,096 |
Other | 454,186 | 447,026 |
Total intangible assets | 580,285 | 571,123 |
Investments and other assets | 1,167,814 | 1,186,405 |
Total non-current assets | 9,080,322 | 9,052,805 |
Deferred assets | 2,564 | 1,794 |
Total assets | 15,698,580 | 15,641,480 |
Liabilities | ||
Current liabilities | ||
Accounts payable - trade | 542,705 | 446,445 |
Accounts payable - other, and accrued expenses | 52,487 | 70,668 |
Short-term borrowings | 955,300 | 1,016,000 |
Current portion of long-term borrowings | 1,050,209 | 948,992 |
Income taxes payable | 20,995 | 14,887 |
Provision for loss on construction contracts | - | 2,762 |
Other | 406,317 | 490,182 |
Total current liabilities | 3,028,014 | 2,989,939 |
Non-current liabilities | ||
Bonds payable | 71,500 | 57,500 |
Long-term borrowings | 6,959,732 | 6,774,615 |
Asset retirement obligations | 89,957 | 99,222 |
Derivatives liabilities | 182,905 | 207,079 |
Other | 49,290 | 37,222 |
Total non-current liabilities | 7,353,385 | 7,175,639 |
Total liabilities | 10,381,400 | 10,165,579 |
(Thousands of yen) | ||
As of March 31, 2021 | As of June 30, 2021 | |
Net assets | ||
Shareholders' equity | ||
Share capital | 1,794,509 | 1,796,809 |
Capital surplus | 1,873,093 | 1,875,393 |
Retained earnings | 1,743,576 | 1,940,834 |
Treasury shares | (96) | (43,945) |
Total shareholders' equity | 5,411,081 | 5,569,091 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale | 46,728 | 21,558 |
securities | ||
Deferred gains or losses on hedges | (135,181 | (153,648) |
Foreign currency translation adjustment | (36,329) | 9,180 |
Total accumulated other comprehensive income | (124,781) | (122,909) |
Share acquisition rights | 304 | - |
Non-controlling interests | 30,575 | 29,719 |
Total net assets | 5,317,179 | 5,475,901 |
Total liabilities and net assets | 15,698,580 | 15,641,480 |
Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)
(Thousands of yen) | ||
Three months ended | Three months ended | |
June 30, 2020 | June 30, 2021 | |
Net sales | 2,371,449 | 1,921,231 |
Cost of sales | 1,697,574 | 1,239,336 |
Gross profit | 673,875 | 681,895 |
Selling, general and administrative expenses | 315,716 | 293,637 |
Operating profit | 358,158 | 388,258 |
Non-operating income | ||
Interest and dividend income | 8,247 | 30,443 |
Reversal of allowance for doubtful accounts | 5,335 | 5,288 |
Rental income from buildings | 1,251 | 1,251 |
Insurance claim income | 56,143 | - |
Other | 4,633 | 5,367 |
Total non-operating income | 75,611 | 42,351 |
Non-operating expenses | ||
Interest expenses | 29,631 | 32,315 |
Commission expenses | 9,082 | 997 |
Other | 7,563 | 1,215 |
Total non-operating expenses | 46,277 | 34,528 |
Ordinary profit | 387,492 | 396,081 |
Extraordinary income | ||
Gain on sale of non-current assets | 11,399 | - |
Gain on reversal of share acquisition rights | - | 304 |
Total extraordinary income | 11,399 | 304 |
Extraordinary losses | ||
Impairment losses | - | 44,100 |
Total extraordinary losses | - | 44,100 |
Profit before income taxes | 398,892 | 352,284 |
Income taxes - current | 72,000 | 89,615 |
Income taxes - deferred | 27,397 | 23,184 |
Total income taxes | 99,397 | 112,800 |
Profit | 299,494 | 239,484 |
Profit (loss) attributable to non-controlling interests | 28,851 | (1,085) |
Profit attributable to owners of parent | 270,643 | 240,569 |
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