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, 2021 (Based on Japanese GAAP)
July 27, 2021 | |||||||||||||
Company name: | KOMERI CO., LTD. | ||||||||||||
Stock exchange listing: | Tokyo | ||||||||||||
Stock code: | 8218 | URL https://www.komeri.bit.or.jp | |||||||||||
Representative: | President, CEO and COO | Yuichiro Sasage | |||||||||||
Inquiries: | Director and Managing Executive Officer | Hiroshi Hayakawa | TEL 025(371)4111 | ||||||||||
Scheduled date to file Quarterly Securities Report: | August 16, 2021 | ||||||||||||
Scheduled date to commence dividend payments: | - | ||||||||||||
Preparation of supplementary material on quarterly financial results: | Yes | ||||||||||||
Holding of quarterly financial results meeting: | 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, 2021 to June 30, 2021) | |||||||||||||
(1) Consolidated operating results (cumulative) | Percentages indicate year-on-year changes | ||||||||||||
Operating revenue | 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 | 106,431 | - | 10,396 | - | 10,429 | - | 6,992 | - | |||||
Three months ended June 30, 2020 | 111,805 | 15.8 | 12,411 | 74.3 | 12,414 | 73.1 | 8,512 | 76.0 | |||||
Earnings per share | Diluted earnings per share | ||||||||||||
Yen | Yen | ||||||||||||
Three months ended June 30, 2021 | 140.61 | - | |||||||||||
Three months ended June 30, 2020 | 171.18 | - |
Note: KOMERI CO.,LTD.(hereinafter "the Company") has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No.29, March 31, 2020), etc. effective from the beginning of the first quarter ended June 30, 2021. The percentages indicating year-on-year changes are not presented as the figures for net sales for the three months ended June 30, 2021, are the figures after the application of this accounting standard.
(2) Consolidated financial position | |||||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||||
Millions of yen | Millions of yen | % | |||||||||||||
As of June 30, 2021 | 355,370 | 206,330 | 58.1 | ||||||||||||
As of March 31, 2021 | 348,159 | 200,561 | 57.6 | ||||||||||||
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, 2021 | - | 22.00 | - | 23.00 | 45.00 | ||||||||||
Year ending March 31, 2022 | - | ||||||||||||||
Year ending March 31, 2022 (Forecast) | 23.00 | - | 23.00 | 46.00 | |||||||||||
3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022) | |||||||||||||||
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 | |||||||
Six months ending | 209,000 | 2.7 | 19,200 | (6.8) | 19,300 | (7.0) | 12,800 | (9.3) | 257.38 | ||||||
September 30, 2021 | |||||||||||||||
Full year | 382,000 | 0.0 | 27,500 | (8.6) | 27,600 | (8.4) | 17,300 | (14.6) | 347.87 |
Note: The "Accounting Standard for Revenue Recognition" (ASBJ Statement No.29, March 31, 2020), etc. was applied from the beginning of the first quarter ended June 30, 2021 and the above consolidated earnings forecasts represent the figures after the application of the said accounting standard, etc. The percentages indicating year-on-year changes were calculated under the assumption that the said accounting standard, etc. had been applied for the fiscal year ended March 31, 2021.
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4. Notes
- Changes in significant subsidiaries during the three months ended June 30, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation):
- Application of special accounting methods for preparing quarterly consolidated financial statements:
No
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 June 30, 2021 | 54,409,168 | shares | As of March 31, 2021 | 54,409,168 | shares | |
Number of treasury shares at the end of the period | ||||||
As of June 30, 2021 | 4,677,984 | shares | As of March 31, 2021 | 4,677,861 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Three months ended June 30, 2021 | 49,731,243 | shares | Three months ended June 30, 2020 | 49,731,956 | shares |
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Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of March 31, 2021 | As of June 30, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 17,303 | 22,998 | |
Notes and accounts receivable - trade | 20,935 | - | |
Notes and accounts receivable - trade, and contract assets | - | 21,635 | |
Merchandise and finished goods | 114,131 | 111,158 | |
Raw materials and supplies | 259 | 241 | |
Other | 6,152 | 10,201 | |
Allowance for doubtful accounts | (668) | (672) | |
Total current assets | 158,114 | 165,562 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 116,981 | 116,850 | |
Land | 35,340 | 35,340 | |
Leased assets, net | 3,897 | 4,016 | |
Other, net | 6,409 | 6,351 | |
Total property, plant and equipment | 162,629 | 162,559 | |
Intangible assets | 8,618 | 8,613 | |
Investments and other assets | |||
Investment securities | 1,909 | 1,942 | |
Deferred tax assets | 7,742 | 7,601 | |
Leasehold and guarantee deposits | 7,268 | 7,265 | |
Other | 1,878 | 1,828 | |
Allowance for doubtful accounts | (2) | (2) | |
Total investments and other assets | 18,796 | 18,634 | |
Total non-current assets | 190,044 | 189,807 | |
Total assets | 348,159 | 355,370 |
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(Millions of yen) | |||
As of March 31, 2021 | As of June 30, 2021 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 29,687 | 23,000 | |
Electronically recorded obligations - operating | 29,800 | 40,682 | |
Current portion of long-term borrowings | 12,569 | 12,554 | |
Lease obligations | 1,436 | 1,473 | |
Income taxes payable | 6,923 | 3,333 | |
Provision for bonuses | 1,956 | 3,141 | |
Provision for bonuses for directors (and other officers) | 20 | 5 | |
Provision for point card certificates | 814 | 131 | |
Provision for loss on disaster | 38 | 13 | |
Other | 16,847 | 17,482 | |
Total current liabilities | 100,094 | 101,818 | |
Non-current liabilities | |||
Long-term borrowings | 27,870 | 27,337 | |
Lease obligations | 2,900 | 2,969 | |
Provision for retirement benefits for directors (and other | 124 | 124 | |
officers) | |||
Provision for share awards for directors (and other | 183 | 184 | |
officers) | |||
Retirement benefit liability | 5,768 | 5,831 | |
Asset retirement obligations | 7,718 | 7,785 | |
Other | 2,936 | 2,986 | |
Total non-current liabilities | 47,502 | 47,221 | |
Total liabilities | 147,597 | 149,039 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 18,802 | 18,802 | |
Capital surplus | 25,260 | 25,260 | |
Retained earnings | 166,934 | 172,704 | |
Treasury shares | (11,241) | (11,241) | |
Total shareholders' equity | 199,756 | 205,525 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 461 | 482 | |
Deferred gains or losses on hedges | 5 | 9 | |
Remeasurements of defined benefit plans | 338 | 313 | |
Total accumulated other comprehensive income | 805 | 805 | |
Total net assets | 200,561 | 206,330 | |
Total liabilities and net assets | 348,159 | 355,370 |
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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen) | |||
Three months ended | Three months ended | ||
June 30, 2020 | June 30, 2021 | ||
Net sales | 108,502 | 102,769 | |
Cost of sales | 73,264 | 69,567 | |
Gross profit | 35,238 | 33,201 | |
Operating revenue | 3,302 | 3,662 | |
Operating gross profit | 38,540 | 36,863 | |
Selling, general and administrative expenses | 26,129 | 26,467 | |
Operating profit | 12,411 | 10,396 | |
Non-operating income | |||
Interest income | 3 | 4 | |
Foreign exchange gains | 6 | - | |
Subsidy income | - | 30 | |
Other | 51 | 79 | |
Total non-operating income | 60 | 113 | |
Non-operating expenses | |||
Interest expenses | 37 | 30 | |
Foreign exchange losses | - | 41 | |
Loss on cancellation of rental contracts | 12 | 0 | |
Other | 7 | 7 | |
Total non-operating expenses | 57 | 80 | |
Ordinary profit | 12,414 | 10,429 | |
Extraordinary income | |||
Insurance claim income | 11 | - | |
Total extraordinary income | 11 | - | |
Extraordinary losses | |||
Loss on disposal of non-current assets | 22 | 94 | |
Loss on disaster | 12 | 19 | |
Impairment losses | 4 | - | |
Total extraordinary losses | 40 | 113 | |
Profit before income taxes | 12,385 | 10,316 | |
Income taxes - current | 4,247 | 3,121 | |
Income taxes - deferred | (374) | 202 | |
Total income taxes | 3,872 | 3,323 | |
Profit | 8,512 | 6,992 | |
Profit attributable to owners of parent | 8,512 | 6,992 |
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