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 Year Ended March 31, 2021
(Based on Japanese GAAP)
May 12, 2021 | ||||||||||||||||||||||||||
Company Name: | FUJIMI INCORPORATED | |||||||||||||||||||||||||
Stock Exchange Listing: Tokyo, Nagoya | ||||||||||||||||||||||||||
Stock Code: | 5384 | URL | https://www.fujimiinc.co.jp/ | |||||||||||||||||||||||
Representative: | President and CEO | Keishi Seki | ||||||||||||||||||||||||
Inquiries: | Deputy Senior General Manager | Toshihiro Kawashima | TEL 052-503-8181 | |||||||||||||||||||||||
Finance Division | ||||||||||||||||||||||||||
Scheduled Date of Ordinary General Shareholders' Meeting: | June 24, 2021 | |||||||||||||||||||||||||
Scheduled Date to File Securities Report: | June 24, 2021 | |||||||||||||||||||||||||
Scheduled Date to Commence Dividend Payments: | June 25, 2021 | |||||||||||||||||||||||||
Preparation of Supplementary Materials on Financial Results: | Yes | |||||||||||||||||||||||||
Holding of Financial Results Meeting: | Yes | |||||||||||||||||||||||||
(Amounts less than one million yen are rounded down) | ||||||||||||||||||||||||||
1. Consolidated Financial Results for the Year Ended March 31, 2021 (from April 1, 2020 to March 31, 2021) | ||||||||||||||||||||||||||
(1) Consolidated Operating Results | 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 | % | |||||||||||||||||||
Year ended March 31, 2021 | 41,956 | 9.2 | 7,639 | 27.2 | 7,709 | 24.8 | 5,607 | 31.3 | ||||||||||||||||||
Year ended March 31, 2020 | 38,408 | 2.7 | 6,007 | 13.1 | 6,177 | 9.6 | 4,270 | 0.1 | ||||||||||||||||||
Earnings per Share | Diluted Earnings per Profit Attributable to | Ordinary Profit Operating Profit /Net | ||||||||||||||||||||||||
Share | Owners of | /Total Assets | Sales | |||||||||||||||||||||||
Parent/Equity | ||||||||||||||||||||||||||
Yen | Yen | % | % | % | ||||||||||||||||||||||
Year ended March 31, 2021 | 226.85 | - | 10.4 | 12.3 | 18.2 | |||||||||||||||||||||
Year ended March 31, 2020 | 172.98 | - | 8.3 | 10.5 | 15.6 | |||||||||||||||||||||
(2) Consolidated Financial Position | ||||||||||||||||||||||||||
Total Assets | Net Assets | Equity Ratio | Net Assets per Share | |||||||||||||||||||||||
Millions of yen | Millions of yen | % | Yen | |||||||||||||||||||||||
As of March 31, 2021 | 65,773 | 56,088 | 85.3 | 2,268.87 | ||||||||||||||||||||||
As of March 31, 2020 | 59,496 | 52,079 | 87.5 | 2,106.74 | ||||||||||||||||||||||
(3) Consolidated Cash Flows | ||||||||||||||||||||||||||
Cash Flows from | Cash Flows from | Cash Flows from | Cash and Cash | |||||||||||||||||||||||
Equivalents at end of | ||||||||||||||||||||||||||
Operating Activities | Investing Activities | Financing Activities | ||||||||||||||||||||||||
period | ||||||||||||||||||||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | |||||||||||||||||||||||
Year ended March 31, 2021 | 8,743 | (42) | (2,481) | 29,418 | ||||||||||||||||||||||
Year ended March 31, 2020 | 6,232 | (3,544) | (2,213) | 22,919 | ||||||||||||||||||||||
2. Cash Dividends | ||||||||||||||||||||||||||
Annual Dividends per Share | Total Cash | Dividend Payout | Ratio of Dividends | |||||||||||||||||||||||
Ratio | to Net Assets | |||||||||||||||||||||||||
Dividends (Total) | ||||||||||||||||||||||||||
1st quarter-end 2nd quarter-end | 3rd quarter-end Fiscal year-end | Total | (Consolidated) | (Consolidated) | ||||||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |||||||||||||||||||
Year ended March 31, 2020 | - | 40.00 | - | 47.00 | 87.00 | 2,177 | 50.3 | 4.2 | ||||||||||||||||||
Year ended March 31, 2021 | - | 50.00 | - | 65.00 | 115.00 | 2,878 | 50.7 | 5.3 | ||||||||||||||||||
Year ending March 31, 2022 | - | 60.00 | - | 65.00 | 125.00 | 49.8 | ||||||||||||||||||||
(Forecast) | ||||||||||||||||||||||||||
3. Forecast of Consolidated Financial Results for the Year Ending March 31, 2022 (from April 1, 2021to March 31, 2022)
Percentages indicate year-on-year changes
Net Sales | Operating Profit | Ordinary Profit | Profit Attributable to | Earnings per Share | |||||||
Owners of Parent | |||||||||||
Six Months ending | Millions of yen | % | Millions of yen | % | Millions of yen | % Millions of yen | % | Yen | |||
21,000 | 2.8 | 3,800 | 2.2 | 3,850 | 4.2 | 3,000 | 5.1 | 121.36 | |||
September 30, 2021 | |||||||||||
Full Year | 43,500 | 3.7 | 8,500 | 11.3 | 8,600 | 11.5 | 6,200 | 10.6 | 250.80 | ||
4. Notes | |||||||||||
(1) Changes in significant subsidiaries during the year ended March 31, 2021 | No | ||||||||||
(changes in specified subsidiaries resulting in the change in scope of consolidation): | |||||||||||
(2) 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 |
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2021 | 28,699,500 | shares | As of March 31, 2020 | 28,699,500 | shares | |
Number of treasury shares at the end of the period | ||||||
As of March 31, 2021 | 3,978,451 | shares | As of March 31, 2020 | 3,979,111 | shares | |
Average number of shares during the period | ||||||
Year ended March 31, 2021 | 24,720,855 | shares | Year ended March 31, 2020 | 24,685,330 | shares |
FUJIMI INCORPORATED
FY2021 Financial Results
(Supplementary Materials)
Table of Contents
Contents | Page | ||
1. | Overview of Business Results and Financial Position…………………………………………………... | 2 | |
(1) Overview of Business Results………………………………………..………………………………. | 2 | ||
(2) Overview of Financial Position………………………………………………..…………………..… | 4 | ||
(3) Policy for Distribution of Income and Dividends for the Year Ended March 31, 2021 and the Year | |||
Ending March 31, 2022….………………...…………………………………………………………. | 4 | ||
2. | Basic Policy for the Selection of Accounting Standards……...…………...….………………….....…... | 5 | |
3. | Consolidated Financial Statements………………………………………...….…………………….…... | 6 | |
(1) | Consolidated Balance Sheets……………………………………………………………….………... | 6 | |
(2) | Consolidated Statements of Income and Consolidated Statements of Comprehensive Income… | 8 | |
(3) | Consolidated Statements of Changes in Equity……………………………..……………………... | 10 | |
(4) | Consolidated Statements of Cash Flows……………………………………………………………. | 12 |
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FUJIMI INCORPORATED
FY2021 Financial Results
1. Overview of Business Results and Financial Position
- Overview of Business Results
1) Business Results of the Current Fiscal Year
In the FY2021 (April 2020 - March 2021), global economic uncertainty increased due to the world-wide spread of the novel coronavirus (COVID-19), and increasing concerns about the US-China trade friction as
well as the Hong Kong matter and so forth. However, the global semiconductor market showed firm demand of devices used for data centers and PCs fueled by "Stay Home" to prevent the spread of novel coronavirus (COVID-19).Additionally, the semiconductor inventory levels have increased due to concerns over the spread of the novel coronavirus (COVID-19)and the intensified US- China trade friction.
The consolidated results for this period are shown below.
Consolidated Results for Fiscal Year 2021: | Millions of JPY | ||
FY ended | FY ended | Change | |
March 31, 2020 | March 31, 2021 | YoY | |
Net Sales | 38,408 | 41,956 | 9.2% |
Operating Profit | 6,007 | 7,639 | 27.2% |
Ordinary Profit | 6,177 | 7,709 | 24.8% |
Profit Attributable to Owners of Parent | 4,270 | 5,607 | 31.3% |
Segment Operating Results by Region
(i) Japan
Net sales in Japan increased by 13.2% to JPY 24,781 million compared with the previous fiscal year. The increase was mainly due to firm demand for products related to semiconductor devices and silicon wafers. Operating profit increased by 35.5% to JPY 7,362 million. The increase was mainly due to sales increase and a favorable product mix.
(ii) North America
Net sales in North America decreased by 1.9% to JPY 5,628 million compared with the previous fiscal year. Operating profit increased by 47.8% to JPY 416 million. The increase was mainly due to a favorable product mix.
(iii) Asia
Net sales in Asia increased by 8.6% to JPY 10,044 million compared with the previous fiscal year. Operating profit increased by 4.9% to JPY 2,050 million. The increases were mainly due to firm demand for CMP products related to the advanced logic devices.
(iv) Europe
Net sales in Europe decreased by 1.3% to JPY 1,502 million compared with the previous fiscal year. Operating income decreased by 19.7% to JPY 159 million. The decrease in operating income was mainly due to foreign currency fluctuations.
Segment Operating Results by Application
(i) Silicon Wafers
Regarding products for silicon wafers, net sales of lapping abrasive products increased by 20.0% to JPY 4,604 million compared with the previous fiscal year and net sales of polishing slurry products increased by 6.8% to JPY 9,621 million. The increases in net sales of both product lines were mainly due to high production levels in the semiconductor industry.
(ii) Semiconductor Devices
Regarding products for the CMP process of semiconductor devices, net sales increased by 15.4% to JPY
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FUJIMI INCORPORATED
FY2021 Financial Results
20,037 million compared with the previous fiscal year. The increase in net sales was mainly due to continuous firm demand from logic devices, although a pause was seen in memory devices.
(iii) Hard Disks
Regarding products for hard disks, net sales decreased by 21.2% to JPY 1,705 million compared with the previous fiscal year. The decrease in net sales was mainly due to market shrinkage caused by replacement with Solid State Drives (SSDs) and customers' manufacturing process changes.
(iv) General Industries
Regarding products for general industries, net sales increased by 5.8% to JPY 3,779 million compared with the previous fiscal year. The increase in net sales was mainly due to recovery of demand of products for automobiles and industrial machineries.
2) Financial Forecast of the Next Fiscal Year
The Financial forecast for the next fiscal year shown below, is based on the assumption that the current
strong demand from the semiconductor market will continue. | ||
FY2022 Financial Forecast: | Millions of JPY | |
FY ending | Change from FY2021 | |
March 31, 2022 | ||
Net Sales | 43,500 | 3.7% |
Operating Profit | 8,500 | 11.3% |
Ordinary Profit | 8,600 | 11.5% |
Profit Attributable to Owners of Parent | 6,200 | 10.6% |
The financial forecast and other forward-looking statements are based on information available to the management at the present time and on certain assumptions judged by the management to be reasonable. Due to various factors, actual performance and financial results in future periods may differ materially from the forecast.
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