August 9, 2024
Quarterly Financial Results for the Fiscal Year Ending September 30, 2024 (J-GAAP)
(3rd Quarter / October 1, 2023 - June 30, 2024)
Company Name | Hosokawa Micron Corporation | |||||||||||
Stock Exchange Listing | Tokyo Stock Exchange | |||||||||||
Stock Code | 6277 | URL | https://www.hosokawamicron.co.jp | |||||||||
President | Kohei Hosokawa | |||||||||||
Contact | Tetsuya Inoue, Executive Vice President, Administrator | |||||||||||
Telephone | +81-(0)72-855-2225 | |||||||||||
(Figures are rounded down to the nearest million yen) | ||||||||||||
1. Quarterly Consolidated Financial Results (October 1, 2023 to June 30, 2024) | ||||||||||||
(1) Consolidated Results of Operation | (Percentages represent year-on-year changes) | |||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||
owners of parent | ||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||
3rd quarter ended June. 2024 | 62,407 | 10.9 | 5,875 | 18.6 | 6,607 | 27.3 | 3,960 | 2.9 | ||||
3rd quarter ended June. 2023 | 56,287 | 18.1 | 4,953 | 27.1 | 5,192 | 28.6 | 3,847 | 23.2 | ||||
(Reference) Comprehensive Income (million Yen) | 3rd quarter ended June.2024: 8,159 | 3rd quarter ended June.2023: 7,245 | ||||||||||
Earnings per share | Diluted earnings per | |||||||||||
share | ||||||||||||
Yen | Yen | |||||||||||
3rd quarter ended June. 2024 | 263.71 | 262.92 | ||||||||||
3rd quarter ended June. 2023 | 243.69 | 243.00 | ||||||||||
(2) Consolidated Financial Position | ||||||||||||
Total assets | Net assets | Equity ratio | ||||||||||
Million yen | Million yen | % | ||||||||||
As of June. 30, 2024 | 104,881 | 65,613 | 62.5 | |||||||||
As of Sept. 30, 2023 | 97,029 | 58,903 | 60.6 | |||||||||
(Reference) Shareholders' Equity (million Yen) June. 2024: 65,529 Sept. 2023: 58,820
2. Dividends
Dividends per share | ||||||||
1st Quarter | 2nd Quarter | 3rd Quarter | Year-end | Annual | ||||
Yen | Yen | Yen | Yen | Yen | ||||
Year ended Sept. 2023 | (actual) | － | 37.50 | － | 50.00 | 87.50 | ||
Year ended Sept. 2024 | (actual) | － | 50.00 | － | ||||
Year ended Sept. 2024 | (forecast) | 50.00 | 100.00 | |||||
Note: Revisions of the forecast dividends since the latest announcement: No
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3. Consolidated Forecasts for the Fiscal Year Ending September 30, 2024 (October 1, 2023 - September 30, 2024)
(Percentages represent year-on-year changes)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per | ||||||
owners of parent | share | |||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | ||
Full Year | 83,000 | 4.4 | 7,000 | (12.1) | 7,800 | (6.6) | 4,700 | (21.3) | 312.96 | |
Note 1: Revisions of the Consolidated forecast since the latest announcement: No
4. Others
- Changes in consolidated subsidiaries during the period (changes in scope of consolidation): None
- Adoption of simplified accounting treatment for quarterly closing: Yes
- Changes in accounting treatment for quarterly consolidated financial statement:
- Changes in accounting policies due to the revision of accounting standards: None
- Changes in accounting policies other than 1) above: None
- Changes in accounting estimates: None
- Retrospective restatement: None
- Number of shares outstanding (common stock)
- Number of shares outstanding at the end of the period (incl. treasury stock)
June. 2024: | 15,730,538 shares | Sept. 2023: | 15,730,538 shares |
2) Number of treasury stock at the end of the period | |||
June. 2024: | 705,776 shares | Sept. 2023: | 716,826 shares |
3) Average number of shares in the fiscal year | |||
June. 2024: | 15,020,194 shares | June. 2023: | 15,789,285 shares |
- Review by a certified public accountant or an auditing firm of the condensed quarterly: None
- Explanation regarding appropriate use of earnings forecasts and other special notes
Note: The forecasts above are based on currently available information at the time of announcement. Actual results may differ from these forecasts for a number of factors.
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5. Consolidated Financial Statements
(1) Consolidated Balance Sheets
(Millions of Yen) | |||
As of September 30, 2023 | As of June 30, 2024 | ||
Assets | |||
Current Assets | |||
Cash and deposits | 25,928 | 28,979 | |
Notes and accounts receivable-trade, and contract | 22,988 | 21,926 | |
assets | |||
Electronically recorded monetary claims - | 804 | 1,057 | |
operating | |||
Securities | 1,000 | － | |
Finished goods | 3,087 | 3,551 | |
Work in process | 4,908 | 6,058 | |
Raw materials and supplies | 4,493 | 5,593 | |
Other | 1,760 | 3,236 | |
Allowance for doubtful accounts | (345) | (412) | |
Total Current Assets | 64,626 | 69,990 | |
Non-Current Assets | |||
Property, plant and equipment | |||
Buildings and structures | 26,119 | 28,198 | |
Machinery, equipment and vehicles | 16,459 | 18,411 | |
Land | 6,893 | 7,131 | |
Construction in progress | 604 | 1,067 | |
Other | 3,688 | 4,282 | |
Accumulated depreciation and | (26,058) | (29,134) | |
impairment loss | |||
Total property, plant and equipment | 27,706 | 29,955 | |
Intangible assets | |||
Goodwill | 151 | 145 | |
Other | 1,171 | 760 | |
Total intangible assets | 1,323 | 905 | |
Investments and other assets | |||
Investment securities | 2,437 | 3,017 | |
Deferred tax assets | 823 | 890 | |
Other | 112 | 120 | |
Total investments and other assets | 3,372 | 4,029 | |
Total Non-Current Assets | 32,402 | 34,890 | |
Total Assets | 97,029 | 104,881 | |
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(Millions of Yen) | |||
As of September 30, 2023 | As of June 30, 2024 | ||
Liabilities | |||
Current Liabilities | |||
Notes and accounts payable-trade | 9,441 | 9,321 | |
Electronically recorded obligations - operating | 2,579 | 2,098 | |
Current portion of long-term loans payable | 161 | 325 | |
Accrued expenses | 4,581 | 5,367 | |
Income taxes payable | 1,682 | 845 | |
Contract liabilities | 9,098 | 10,119 | |
Provision for bonuses | 674 | 317 | |
Provision for directors' bonuses | 84 | 40 | |
Provision for product warranties | 1,008 | 953 | |
Provision for share awards | 26 | 25 | |
Other | 2,093 | 2,736 | |
Total Current Liabilities | 31,431 | 32,150 | |
Non-Current Liabilities | |||
Long-term loans payable | 1,610 | 1,329 | |
Provision for share awards | 12 | 10 | |
Net defined benefit liability | 3,068 | 3,199 | |
Deferred tax liabilities | 1,325 | 1,780 | |
Other | 676 | 796 | |
Total Non-Current Liabilities | 6,693 | 7,117 | |
Total Liabilities | 38,125 | 39,267 | |
Net Assets | |||
Shareholders' Equity | |||
Capital stock | 14,496 | 14,496 | |
Capital surplus | 3,206 | 3,220 | |
Retained earnings | 38,055 | 40,509 | |
Treasury stock | (1,922) | (1,878) | |
Total Shareholders' Equity | 53,836 | 56,347 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale | 642 | 1,022 | |
securities | |||
Deferred gains or losses on hedges | (1) | (46) | |
Foreign currency translation adjustment | 4,572 | 8,426 | |
Remeasurements of defined benefit plans | (229) | (221) | |
Total accumulated other comprehensive | |||
4,983 | 9,182 | ||
income | |||
Subscription rights to shares | 83 | 83 | |
Total Net Assets | 58,903 | 65,613 | |
Total Liabilities and Net Assets | 97,029 | 104,881 | |
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(2) Consolidated Statements of Income
(Millions of Yen) | |||
Oct. 1, 2022 - June. 30, 2023 | Oct. 1, 2023 - June. 30, 2024 | ||
Net sales | 56,287 | 62,407 | |
Cost of sales | 37,150 | 40,556 | |
Gross profit | 19,136 | 21,851 | |
Selling, general and administrative expenses | 14,183 | 15,976 | |
Operating profit | 4,953 | 5,875 | |
Non-operating income | |||
Interest income | 170 | 442 | |
Dividend income | 32 | 91 | |
Equity in earnings of affiliates | 42 | 135 | |
Foreign exchange gains | － | 24 | |
Gain on valuation of derivatives | － | 67 | |
Penalty income | 31 | － | |
Other | 78 | 41 | |
Total non-operating Income | 355 | 802 | |
Non-operating expenses | |||
Interest expenses | 7 | 14 | |
Foreign exchange losses | 93 | － | |
Loss on valuation of derivatives | 5 | － | |
Nondeductible consumption tax | － | 44 | |
Other | 9 | 11 | |
Total non-operating Expenses | 116 | 70 | |
Ordinary profit | 5,192 | 6,607 | |
Extraordinary income | |||
Gain on sales of non-current assets | 1 | 3 | |
Other | － | 0 | |
Total extraordinary income | 1 | 4 | |
Extraordinary losses | |||
Loss on sales and retirement of non-current assets | 1 | 191 | |
Loss on development of system | － | 900 | |
Impairment losses | － | 156 | |
Total extraordinary loss | 1 | 1,248 | |
Income before income taxes | 5,192 | 5,364 | |
Income taxes | 1,344 | 1,403 | |
Net income | 3,847 | 3,960 | |
Profit attributable to owners of parent | 3,847 | 3,960 | |
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(3) Consolidated Statements of Comprehensive Income
(Millions of Yen) | ||
Oct. 1, 2022 - June. 30. 2023 | Oct. 1, 2023 - June. 30, 2024 | |
Net income | 3,847 | 3,960 |
Other comprehensive income |
Valuation difference on available-for-sale securities Deferred gains or losses on hedges
Foreign currency translation adjustment Remeasurements of defined benefit plans, net of tax
Total other comprehensive income Comprehensive income
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non- controlling interests
317 | 380 |
80 | (45) |
2,995 | 3,854 |
4 | 7 |
3,397 | 4,198 |
7,245 | 8,159 |
7,245 | 8,159 |
－ | － |
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