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 Three Months Ended June 30, 2025 (Based on Japanese GAAP) | |||||
August 7, 2025 | |||||
Company name: | G-TEKT CORPORATION | ||||
Stock exchange listing: | Tokyo | ||||
Stock code: | 5970 | URL https://www.g-tekt.jp/ | |||
Representative: | President, Chief Executive Officer | Naohiro Takao | |||
Inquiries: | Managing Officer of the Company, Operations Director | Takeshi Bamba | TEL +81-48-646-3400 | ||
Scheduled date to commence dividend payments: | - | ||||
Preparation of supplementary material on quarterly financial results: | Yes | ||||
Holding of quarterly financial results meeting: | Yes | (for institutional investors and analysts) | |||
(Amounts less than one million yen are rounded down)
Consolidated financial results for the three months ended June 30, 2025 (from April 1, 2025 to June 30, 2025)
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, 2025
77,329
(10.9)
2,605
(14.8)
2,600
(38.1)
1,876
(38.7)
Three months ended June 30, 2024
86,837
10.2
3,058
17.1
4,200
9.4
3,061
11.5
Earnings per share
Diluted earnings per share
Yen
Yen
Three months ended June 30, 2025
43.84
-
Three months ended June 30, 2024
71.06
-
Consolidated financial position
Total assets
Net assets
Equity ratio
Millions of yen
Millions of yen
%
As of June 30, 2025
325,152
211,701
60.7
As of March 31, 2025
321,386
212,357
61.6
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, 2025
-
37.00
-
50.00
87.00
Year ending March 31, 2026
-
Year ending March 31, 2026 (Forecast)
45.00
-
45.00
90.00
Forecast of consolidated financial results for the year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)
Percentages indicate year-on-year changes
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Earnings per share
Full year
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
Yen
339,000
(0.1)
16,300
(0.5)
17,000
(3.0)
11,500
(7.6)
268.69
Notes
(1) Changes in significant subsidiaries during the three months ended June 30, 2025 (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: | Yes |
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
Number of issued shares (common shares)
As of June 30, 2025 | 43,931,260 | shares | As of March 31, 2025 | 43,931,260 | shares |
As of June 30, 2025 | 1,131,588 | shares | As of March 31, 2025 | 1,131,588 | shares |
Total number of issued shares at the end of the period (including treasury shares) Number of treasury shares at the end of the period
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2025 | 42,799,672 | shares | Three months ended June 30, 2024 | 43,078,897 | shares |
* Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or an audit firm: | No |
(Millions of yen) | ||
As of March 31, 2025 | As of June 30, 2025 | |
Assets | ||
Current assets | ||
Cash and deposits | 43,002 | 42,649 |
Notes and accounts receivable - trade | 48,187 | 45,320 |
Finished goods | 2,044 | 2,187 |
Work in process | 34,724 | 39,323 |
Raw materials | 4,385 | 4,019 |
Supplies | 1,913 | 1,921 |
Other | 7,157 | 6,992 |
Total current assets | 141,416 | 142,414 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 128,999 | 128,671 |
Accumulated depreciation | (54,965) | (55,287) |
Buildings and structures, net | 74,034 | 73,383 |
Machinery, equipment and vehicles | 211,941 | 210,012 |
Accumulated depreciation | (163,733) | (163,459) |
Machinery, equipment and vehicles, net | 48,207 | 46,553 |
Tools, furniture and fixtures | 156,189 | 154,686 |
Accumulated depreciation | (145,012) | (144,659) |
Tools, furniture and fixtures, net | 11,176 | 10,027 |
Land | 16,250 | 16,259 |
Construction in progress | 16,208 | 22,433 |
Total property, plant and equipment | 165,877 | 168,657 |
Intangible assets | 1,303 | 1,346 |
Investments and other assets | ||
Investment securities | 10,986 | 10,848 |
Retirement benefit asset | 1,081 | 890 |
Other | 721 | 995 |
Total investments and other assets | 12,789 | 12,733 |
Total non-current assets | 179,970 | 182,738 |
Total assets | 321,386 | 325,152 |
(Millions of yen) | ||
As of March 31, 2025 | As of June 30, 2025 | |
Liabilities | ||
Current liabilities | ||
Accounts payable - trade | 32,395 | 30,984 |
Short-term borrowings | 19,605 | 22,920 |
Current portion of long-term borrowings | 7,883 | 8,113 |
Accounts payable - other | 7,691 | 11,060 |
Income taxes payable | 2,325 | 722 |
Provision for bonuses | 1,642 | 1,477 |
Other | 5,831 | 6,762 |
Total current liabilities | 77,375 | 82,041 |
Non-current liabilities | ||
Long-term borrowings | 21,935 | 19,686 |
Retirement benefit liability | 1,251 | 1,058 |
Provision for share awards for directors (and other officers) | 517 | 542 |
Other | 7,949 | 10,122 |
Total non-current liabilities | 31,654 | 31,409 |
Total liabilities | 109,029 | 113,450 |
Net assets | ||
Shareholders' equity | ||
Share capital | 4,656 | 4,656 |
Capital surplus | 23,622 | 23,622 |
Retained earnings | 131,508 | 131,215 |
Treasury shares | (1,975) | (1,975) |
Total shareholders' equity | 157,811 | 157,518 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 1,596 | 1,738 |
Foreign currency translation adjustment | 37,846 | 37,418 |
Remeasurements of defined benefit plans | 740 | 688 |
Total accumulated other comprehensive income | 40,183 | 39,845 |
Non-controlling interests | 14,361 | 14,337 |
Total net assets | 212,357 | 211,701 |
Total liabilities and net assets | 321,386 | 325,152 |
(Millions of yen) | ||
Three months ended June 30, 2024 | Three months ended June 30, 2025 | |
Net sales | 86,837 | 77,329 |
Cost of sales | 79,377 | 70,270 |
Gross profit | 7,459 | 7,058 |
Selling, general and administrative expenses | 4,401 | 4,453 |
Operating profit | 3,058 | 2,605 |
Non-operating income | ||
Interest income | 198 | 221 |
Dividend income | 138 | 120 |
Foreign exchange gains | 746 | - |
Share of profit of entities accounted for using equity method | 118 | 228 |
Other | 156 | 135 |
Total non-operating income | 1,358 | 705 |
Non-operating expenses | ||
Interest expenses | 187 | 237 |
Foreign exchange losses | - | 429 |
Other | 27 | 43 |
Total non-operating expenses | 215 | 710 |
Ordinary profit | 4,200 | 2,600 |
Extraordinary income | ||
Gain on sale of non-current assets | 16 | 20 |
Total extraordinary income | 16 | 20 |
Extraordinary losses | ||
Loss on sale of non-current assets | 2 | 4 |
Loss on retirement of non-current assets | 151 | 69 |
Extra payments for early retirements | 54 | 138 |
Total extraordinary losses | 207 | 213 |
Profit before income taxes | 4,009 | 2,408 |
Income taxes | 876 | 382 |
Profit | 3,132 | 2,025 |
Profit (loss) attributable to non-controlling interests | 71 | 148 |
Profit attributable to owners of parent | 3,061 | 1,876 |
(Millions of yen) | ||
Three months ended June 30, 2024 | Three months ended June 30, 2025 | |
Profit | 3,132 | 2,025 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | (354) | 141 |
Foreign currency translation adjustment | 7,976 | (198) |
Remeasurements of defined benefit plans, net of tax | (42) | (52) |
Share of other comprehensive income of entities accounted for using equity method | 356 | (187) |
Total other comprehensive income | 7,935 | (296) |
Comprehensive income | 11,068 | 1,728 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 10,292 | 1,537 |
Comprehensive income attributable to non-controlling interests | 776 | 190 |