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 December 31, 2024
(Based on Japanese GAAP)
February 10, 2025 | ||||
Company name: | ENOMOTO Co.,Ltd. | |||
Stock exchange listing: | Tokyo | |||
Stock code: | 6928 | URL https://www.enomoto.co.jp/ | ||
Representative: | President | Homare Shiratori | ||
Inquiries: | Operating Officer of Administration Group | Tsutomu Takei | TEL 0554-62-5111 | |
Scheduled date to commence dividend payments: | - | |||
Preparation of supplementary material on financial results: | Yes | |||
Holding of financial results meeting: | No |
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2024 (from April 1, 2024 to December 31, 2024) | |||||||||||
(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 December 31, 2024 | 20,336 | 6.0 | 614 | 155.2 | 696 | 149.4 | 410 | 249.9 | |||
Nine months ended December 31, 2023 | 19,190 | (15.4) | 240 | (84.1) | 279 | (83.0) | 117 | (90.3) | |||
Earnings per share | Diluted earnings per share | ||||||||||
Yen | Yen | ||||||||||
Nine months ended December 31, 2024 | 62.27 | 62.12 | |||||||||
Nine months ended December 31, 2023 | 17.57 | 17.52 | |||||||||
(2) Consolidated financial position | |||||||||||
Total assets | Net assets | Equity ratio | |||||||||
Millions of yen | Millions of yen | % | |||||||||
As of December 31, 2024 | 32,678 | 20,603 | 63.0 | ||||||||
As of March 31, 2024 | 32,371 | 20,977 | 64.8 | ||||||||
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 March 31, 2024 | - | 35.00 | - | 35.00 | 70.00 |
Year ending March 31, 2025 | - | 35.00 | - | ||
Year ending March 31, 2025 (Forecast) | 36.00 | 71.00 | |||
3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
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 | 27,000 | 7.0 | 650 | 305.6 | 700 | 139.8 | 450 | 271.0 | 68.26 |
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4. Notes | ||||||
(1) | Significant changes in the scope of consolidation during the nine months ended December 31, 2024: | 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 issued shares at the end of the period (including treasury shares) | ||||||
As of December 31, 2024 | 6,865,360 shares | As of March 31, 2024 | 6,865,360 shares | |||
Number of treasury shares at the end of the period | ||||||
As of December 31, 2024 | 493,390 shares | As of March 31, 2024 | 186,750 shares | |||
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Nine months ended December 31, 2024 | 6,592,292 shares | Nine months ended December 31, 2023 | 6,678,677 shares |
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Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen) | |||
As of March 31, 2024 | As of December 31, 2024 | ||
Assets | |||
Current assets | |||
Cash and deposits | 5,032,349 | 4,843,999 | |
Notes and accounts receivable - trade, and contract assets | 6,301,883 | 6,198,844 | |
Merchandise and finished goods | 1,319,598 | 1,900,137 | |
Work in process | 1,742,997 | 2,011,578 | |
Raw materials and supplies | 1,948,793 | 2,369,003 | |
Accounts receivable - other | 351,877 | 298,662 | |
Other | 439,524 | 193,302 | |
Allowance for doubtful accounts | (3,407) | (2,902) | |
Total current assets | 17,133,617 | 17,812,627 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures | 11,080,788 | 11,193,199 | |
Accumulated depreciation and impairment | (6,446,602) | (6,739,530) | |
Buildings and structures, net | 4,634,185 | 4,453,669 | |
Machinery, equipment and vehicles | 16,203,612 | 16,677,372 | |
Accumulated depreciation and impairment | (11,226,474) | (11,591,942) | |
Machinery, equipment and vehicles, net | 4,977,138 | 5,085,429 | |
Tools, furniture and fixtures | 4,150,674 | 4,276,878 | |
Accumulated depreciation and impairment | (3,470,409) | (3,728,340) | |
Tools, furniture and fixtures, net | 680,264 | 548,537 | |
Land | 2,875,567 | 2,875,567 | |
Construction in progress | 409,323 | 255,815 | |
Total property, plant and equipment | 13,576,479 | 13,219,018 | |
Intangible assets | 574,038 | 516,352 | |
Investments and other assets | |||
Investment securities | 511,598 | 532,359 | |
Retirement benefit asset | 340,919 | 328,036 | |
Deferred tax assets | 19,192 | 42,222 | |
Other | 243,535 | 255,987 | |
Allowance for doubtful accounts | (28,050) | (28,050) | |
Total investments and other assets | 1,087,197 | 1,130,555 | |
Total non-current assets | 15,237,715 | 14,865,926 | |
Total assets | 32,371,333 | 32,678,554 | |
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(Thousands of yen) | |||
As of March 31, 2024 | As of December 31, 2024 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 5,198,950 | 5,424,679 | |
Short-term borrowings | 1,572,018 | 2,522,000 | |
Income taxes payable | 72,693 | 71,474 | |
Provision for bonuses | 330,000 | 175,000 | |
Other | 1,355,522 | 1,224,779 | |
Total current liabilities | 8,529,184 | 9,417,932 | |
Non-current liabilities | |||
Long-term borrowings | 1,536,000 | 1,275,000 | |
Deferred tax liabilities | 150,597 | 173,637 | |
Retirement benefit liability | 309,035 | 341,813 | |
Provision for retirement benefits for directors (and other | 67,792 | 67,792 | |
officers) | |||
Provision for share awards for directors (and other | 172,101 | 137,324 | |
officers) | |||
Provision for share awards for employees | - | 6,615 | |
Deferred tax liabilities for land revaluation | 269,710 | 269,710 | |
Other | 359,173 | 384,757 | |
Total non-current liabilities | 2,864,410 | 2,656,649 | |
Total liabilities | 11,393,595 | 12,074,582 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 4,749,333 | 4,749,333 | |
Capital surplus | 5,082,571 | 5,067,265 | |
Retained earnings | 9,181,017 | 9,119,480 | |
Treasury shares | (244,331) | (677,968) | |
Total shareholders' equity | 18,768,590 | 18,258,110 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 22,556 | 36,358 | |
Revaluation reserve for land | (397,291) | (397,291) | |
Foreign currency translation adjustment | 2,383,975 | 2,519,643 | |
Remeasurements of defined benefit plans | 184,797 | 174,854 | |
Total accumulated other comprehensive income | 2,194,037 | 2,333,565 | |
Share acquisition rights | 15,109 | 12,295 | |
Total net assets | 20,977,737 | 20,603,971 | |
Total liabilities and net assets | 32,371,333 | 32,678,554 | |
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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 | ||
December 31, 2023 | December 31, 2024 | ||
Net sales | 19,190,350 | 20,336,424 | |
Cost of sales | 17,094,677 | 17,807,277 | |
Gross profit | 2,095,672 | 2,529,147 | |
Selling, general and administrative expenses | 1,854,782 | 1,914,353 | |
Operating profit | 240,889 | 614,794 | |
Non-operating income | |||
Interest income | 34,727 | 64,373 | |
Dividend income | 3,009 | 2,847 | |
Rental income | 23,217 | 22,991 | |
Other | 36,402 | 52,010 | |
Total non-operating income | 97,357 | 142,223 | |
Non-operating expenses | |||
Interest expenses | 24,161 | 24,540 | |
Loss on sale of receivables | - | 1,863 | |
Foreign exchange losses | 12,089 | 20,047 | |
Taxes and dues | 4,632 | 3,869 | |
Depreciation | 5,113 | 4,054 | |
Commission expenses | 12,514 | - | |
Other | 591 | 6,388 | |
Total non-operating expenses | 59,103 | 60,762 | |
Ordinary profit | 279,144 | 696,254 | |
Extraordinary income | |||
Gain on sale of non-current assets | 10,285 | 8,211 | |
National subsidies | 81,605 | - | |
Total extraordinary income | 91,890 | 8,211 | |
Extraordinary losses | |||
Loss on sale of non-current assets | 4,923 | 11,611 | |
Loss on retirement of non-current assets | 85,488 | 102,877 | |
Impairment losses | 13,183 | - | |
Loss on tax purpose reduction entry of non-current assets | 81,605 | - | |
Total extraordinary losses | 185,200 | 114,489 | |
Profit before income taxes | 185,834 | 589,976 | |
Income taxes - current | 165,890 | 179,249 | |
Income taxes - deferred | (97,388) | 192 | |
Total income taxes | 68,502 | 179,442 | |
Profit | 117,332 | 410,534 | |
Profit attributable to owners of parent | 117,332 | 410,534 | |
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Consolidated statements of comprehensive income (cumulative)
(Thousands of yen) | ||
Nine months ended | Nine months ended | |
December 31, 2023 | December 31, 2024 | |
Profit | 117,332 | 410,534 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | (5,571) | 13,802 |
Foreign currency translation adjustment | 1,155,449 | 135,667 |
Remeasurements of defined benefit plans, net of tax | 6,689 | (9,942) |
Total other comprehensive income | 1,156,567 | 139,527 |
Comprehensive income | 1,273,900 | 550,062 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 1,273,900 | 550,062 |
Comprehensive income attributable to non-controlling | - | - |
interests | ||
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