Consolidated Financial Results for the Nine Months Ended December 31, 2024 (Japanese GAAP)
February 7, 2025
Mitsuboshi Belting Ltd.
Tokyo
5192
https://www.mitsuboshi.com/ Hiroshi Ikeda, President
Yasushi Shiotsu, General Manager, Finance & Accounting Department
Phone: +81-78-685-5630 | |
Scheduled date of commence dividend payments: | - |
Preparation of supplementary material on quarterly financial results: | No |
Holding of quarterly 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 (April 1, 2024 - December 31, 2024)
(1) Consolidated operating results | (Percentages indicate year-on-year changes) | ||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||
owners of parent | |||||||||||
Nine months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||
December 31, 2024 | 67,868 | 7.7 | 6,523 | 4.8 | 7,237 | △ 4.1 | 8,287 | 61.5 | |||
December 31, 2023 | 63,036 | △ 1.2 | 6,225 | △ 14.5 | 7,549 | △ 5.9 | 5,133 | △ 8.5 | |||
Note: | Comprehensive income | Nine months ended December 31, 2024: | ¥7,079 million | (△33.3%) | ||||||||||
Nine months ended December 31, 2023: | ¥10,607 million | (85.4%) | ||||||||||||
Basic earnings | Diluted earnings | |||||||||||||
per share | per share | |||||||||||||
Nine months ended | Yen | Yen | ||||||||||||
December 31, 2024 | 292.45 | － | ||||||||||||
December 31, 2023 | 180.97 | － | ||||||||||||
(2) Consolidated financial position | ||||||||||||||
Total assets | Net assets | Equity-to-asset ratio | ||||||||||||
Millions of yen | Millions of yen | ％ | ||||||||||||
As of December 31, 2024 | 132,659 | 98,310 | 74.1 | |||||||||||
As of March 31, 2024 | 135,627 | 98,247 | 72.4 | |||||||||||
Reference: Equity | As of December 31, 2024: | ¥98,310 million | ||||||||||||
As of March 31, 2024: | ¥98,247 million | |||||||||||||
2. Dividends | ||||||||||||||
Annual dividends per share | ||||||||||||||
1st quarter end | 2nd quarter end | 3rd quarter end | Fiscal year end | Total | ||||||||||
Yen | Yen | Yen | Yen | Yen | ||||||||||
Fiscal year ended | － | 125.00 | － | 125.00 | 250.00 | |||||||||
March 31, 2024 | ||||||||||||||
Fiscal year ending | － | 90.00 | － | |||||||||||
March 31, 2025 | ||||||||||||||
Fiscal year ending | 90.00 | 180.00 | ||||||||||||
March 31, 2025(Forecast) | ||||||||||||||
３. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2025 (April 1, 2024 - March 31, 2025)
(Percentages indicate year-on-year changes)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | ||||||||
owners of parent | per share | |||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||||
Full year | 88,500 | 5.3 | 9,050 | 16.6 | 8,600 | △ 10.5 | 9,300 | 30.9 | 328.73 | |||
Consolidated Financial Statements
1. Consolidated Balance Sheet
(Millions of yen) | |||
As of March 31, 2024 | As of December 31, 2024 | ||
Assets | |||
Current assets | |||
Cash and deposits | 35,855 | 31,732 | |
Notes and accounts receivable - trade, and | 17,712 | 20,308 | |
contract assets | |||
Merchandise and finished goods | 18,309 | 17,867 | |
Work in process | 2,861 | 3,432 | |
Raw materials and supplies | 4,440 | 4,472 | |
Other | 1,060 | 1,741 | |
Allowance for doubtful accounts | △131 | △114 | |
Total current assets | 80,107 | 79,439 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 9,049 | 9,435 | |
Machinery, equipment and vehicles, net | 10,370 | 11,153 | |
Tools, furniture and fixtures, net | 2,361 | 2,322 | |
Land | 4,004 | 4,035 | |
Leased assets, net | 1,420 | 1,602 | |
Construction in progress | 3,251 | 4,199 | |
Total property, plant and equipment | 30,458 | 32,746 | |
Intangible assets | |||
Software | 453 | 371 | |
Goodwill | 88 | 71 | |
Other | 83 | 351 | |
Total intangible assets | 625 | 793 | |
Investments and other assets | |||
Investment securities | 22,614 | 17,777 | |
Deferred tax assets | 1,352 | 1,405 | |
Other | 477 | 505 | |
Allowance for doubtful accounts | △8 | △8 | |
Total investments and other assets | 24,435 | 19,679 | |
Total non-current assets | 55,519 | 53,220 | |
Total assets | 135,627 | 132,659 | |
(Millions of yen) | |||
As of March 31, 2024 | As of December 31, 2024 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 10,033 | 9,370 | |
Short-term borrowings | 3,303 | 3,303 | |
Income taxes payable | 1,805 | 1,334 | |
Provision for bonuses | 885 | 256 | |
Provision for product warranties | 495 | 278 | |
Other | 7,209 | 7,817 | |
Total current liabilities | 23,731 | 22,360 | |
Non-current liabilities | |||
Long-term borrowings | 3,000 | 2,250 | |
Retirement benefit liability | 2,085 | 2,383 | |
Provision for retirement benefits for directors | 18 | 10 | |
(and other officers) | |||
Provision for share awards | － | 54 | |
Other | 8,544 | 7,289 | |
Total non-current liabilities | 13,648 | 11,988 | |
Total liabilities | 37,380 | 34,349 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 8,150 | 8,150 | |
Capital surplus | 2,111 | 2,293 | |
Retained earnings | 68,088 | 70,270 | |
Treasury shares | △4,868 | △5,960 | |
Total shareholders' equity | 73,481 | 74,753 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale | 14,700 | 11,254 | |
securities | |||
Foreign currency translation adjustment | 10,047 | 12,280 | |
Remeasurements of defined benefit plans | 17 | 21 | |
Total accumulated other comprehensive | 24,765 | 23,556 | |
income | |||
Total net assets | 98,247 | 98,310 | |
Total liabilities and net assets | 135,627 | 132,659 |
2. Consolidated Statement of Income and Comprehensive Income Consolidated Statement of Income
(Millions of yen) | ||
Nine months ended | Nine months ended | |
December 31, 2023 | December 31, 2024 | |
Net sales | 63,036 | 67,868 |
Cost of sales | 43,703 | 46,886 |
Gross profit | 19,333 | 20,982 |
Selling, general and administrative expenses | 13,108 | 14,458 |
Operating profit | 6,225 | 6,523 |
Non-operating income | ||
Interest income | 314 | 339 |
Dividend income | 421 | 481 |
Foreign exchange gains | 473 | 55 |
Other | 266 | 204 |
Total non-operating income | 1,475 | 1,081 |
Non-operating expenses | ||
Interest expenses | 50 | 37 |
Loss on retirement of non-current assets | 61 | 261 |
Other | 39 | 68 |
Total non-operating expenses | 152 | 367 |
Ordinary profit | 7,549 | 7,237 |
Extraordinary income | ||
Gain on sale of investment securities | － | 3,402 |
Compensation for forced relocation | － | 1,051 |
Total extraordinary income | － | 4,453 |
Profit before income taxes | 7,549 | 11,691 |
Income taxes | 2,416 | 3,403 |
Profit | 5,133 | 8,287 |
Profit attributable to owners of parent | 5,133 | 8,287 |
Consolidated Statement of Comprehensive Income
(Millions of yen) | ||
Nine months ended | Nine months ended | |
December 31, 2023 | December 31, 2024 | |
Profit | 5,133 | 8,287 |
Other comprehensive income | ||
Valuation difference on available-for-sale | 3,439 | △3,445 |
securities | ||
Foreign currency translation adjustment | 2,032 | 2,232 |
Remeasurements of defined benefit plans, net of | 2 | 4 |
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
5,474 | △1,208 |
10,607 | 7,079 |
10,607 | 7,079 |
－ | － |