Nippon Densetsu Kogyo Co., Ltd. TSE:1950
Nippon Densetsu Kogyo : Consolidated Financial Results for the Six Months Ended September 30, 2024［PDF/261KB］
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Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Consolidated Financial Results
for the Six Months Ended September 30, 2024
[Japanese GAAP]
Company name: NIPPON DENSETSU KOGYO CO., LTD. | October 31, 2024 |
Listing: Tokyo | |
Securities code: 1950 | |
URL: https://www.densetsuko.co.jp/ | |
Representative: Kazushige Yasuda | , President and Representative Director |
Inquiries: Minoru Ito | , General Manager of Finance Department |
Telephone: +81-3-3822-8811
Scheduled date to file semi-annual securities report: November 7, 2024
Scheduled date to commence dividend payments: -
Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: Yes
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated Financial Results for the Six Months Ended September 30, 2024 (April 1, 2024 to September 30, 2024)
(1) Consolidated Operating Results | (Percentages indicate year-on-year changes.) | ||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||
owners of parent | |||||||||||
Six months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||
September 30, 2024 | 75,625 | 6.5 | 338 | 5.3 | 1,038 | 17.6 | 284 | (41.2) | |||
September 30, 2023 | 71,039 | 16.7 | 321 | - | 883 | - | 483 | - |
(Note) Comprehensive income: | Six months ended September 30, 2024: |
Six months ended September 30, 2023: |
¥ | (599) million | [ | -%] |
¥ | 3,879 million | [ | -%] |
Basic earnings | Diluted earnings per | ||||
per share | share | ||||
Six months ended | Yen | Yen | |||
September 30, 2024 | 4.83 | - | |||
September 30, 2023 | 7.87 | - | |||
(2) Consolidated Financial Position | |||||
Total assets | Net assets | Capital adequacy ratio | |||
As of | Millions of yen | Millions of yen | % | ||
September 30, 2024 | 253,369 | 195,652 | 71.9 | ||
March 31, 2024 | 282,597 | 199,115 | 65.7 | ||
(Reference) Equity: As of | September 30, 2024: | ¥ | 182,257 million | ||
As of | March 31, 2024: | ¥ | 185,793 million |
2. Dividends
Annual dividends | |||||||||
1st | 2nd | 3rd | Year-end | Total | |||||
quarter-end | quarter-end | quarter-end | |||||||
Yen | Yen | Yen | Yen | Yen | |||||
Fiscal year ended March 31, 2024 | - | - | - | 47.00 | 47.00 | ||||
Fiscal year ending March 31, 2025 | - | - | |||||||
Fiscal year ending March 31, 2025 | - | 50.00 | 50.00 | ||||||
(Forecast) | |||||||||
(Note) Revision to the forecast for dividends | announced most | recently: | None | ||||||
(Note) Breakdown of the 2nd quarter dividend for the fiscal year ending March 31, 2025 : | |||||||||
Commemorative dividend | - | yen | |||||||
Special dividend | - | yen |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025(April 1, 2024 to 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 | 205,160 | 5.7 | 14,670 | 9.1 | 15,830 | 6.2 | 10,500 | 4.6 | 178.05 | ||
(Note) Revision to the financial results forecast announced most recently: | None | ||||||||||
* Notes: | |||||||||||
(1) Significant changes in the scope of consolidation during the period: | None | ||||||||||
Newly included: | - | (Company name: | ) | ||||||||
Excluded: | - | (Company name: | ) |
- Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: None
- Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards and other regulations: None
- Changes in accounting policies due to other reasons: None
- Changes in accounting estimates: None
- Restatement: None
- Number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
September 30, 2024: | 61,537,219 | shares |
March 31, 2024: | 61,537,219 | shares |
2) Number of treasury shares at the end of the period: | ||
September 30, 2024: | 2,565,305 | shares |
March 31, 2024: | 2,565,390 | shares |
3) Average number of shares outstanding during the period: | ||
Six months ended September 30, 2024: | 58,971,838 | shares |
Six months ended September 30, 2023: | 61,471,939 | shares |
* Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.
* Proper use of earnings forecasts, and other special matters
Semi-annual Consolidated Financial Statements
Semi-annual Consolidated Balance Sheets
(Millions of yen)
As of March 31, 2024 | As of September 30, 2024 |
Assets
Current assets
Cash and deposits
Notes receivable, accounts receivable from completed construction contracts and other Electronically recorded monetary claims - operating
Securities
Costs on construction contracts in progress
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
10,415 | 9,191 |
119,952 | 89,183 |
482 | 3,131 |
25,799 | 17,697 |
4,640 | 10,728 |
5,882 | 9,375 |
(11) | (9) |
167,161 | 139,297 |
23,095 | 22,507 |
29,197 | 29,197 |
6,085 | 6,729 |
58,378 | 58,434 |
7,085 | 6,897 |
Investment securities
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes payable, accounts payable for construction contracts and other
Electronically recorded obligations - operating
Short-term borrowings
Income taxes payable
Advances received on construction contracts in progress
Provision for warranties for completed construction
Provision for loss on construction contracts
Provision for bonuses
Provision for bonuses for directors (and other officers)
Other
Total current liabilities
Non-current liabilities
Provision for retirement benefits for directors (and other officers)
Retirement benefit liability
Provision for share awards
Other
Total non-current liabilities
Total liabilities
42,375 | 41,232 |
2,517 | 2,357 |
5,084 | 5,155 |
(6) | (6) |
49,971 | 48,739 |
115,435 | 114,071 |
282,597 | 253,369 |
34,962 | 21,276 |
11,808 | 9,481 |
100 | 100 |
5,810 | 432 |
1,272 | 3,780 |
62 | 41 |
1,012 | 921 |
6,935 | 4,354 |
87 | 12 |
6,920 | 2,948 |
68,971 | 43,347 |
90 | 96 |
10,652 | 11,017 |
- | 78 |
3,767 | 3,177 |
14,511 | 14,370 |
83,482 | 57,717 |
1
(Millions of yen) | ||
As of March 31, 2024 | As of September 30, 2024 | |
Net assets | ||
Shareholders' equity | ||
Share capital | 8,494 | 8,494 |
Capital surplus | 7,792 | 7,595 |
Retained earnings | 158,440 | 155,950 |
Treasury shares | (5,241) | (5,044) |
Total shareholders' equity | 169,485 | 166,996 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale | 13,979 | 13,172 |
securities | ||
Remeasurements of defined benefit plans | 2,328 | 2,088 |
Total accumulated other comprehensive income | 16,307 | 15,261 |
Non-controlling interests | 13,321 | 13,394 |
Total net assets | 199,115 | 195,652 |
Total liabilities and net assets | 282,597 | 253,369 |
2
Semi-annual Consolidated Statements of Income and Comprehensive Income
(Millions of yen) | ||
For the six months | For the six months | |
ended September 30, 2023 | ended September 30, 2024 | |
Net sales of completed construction contracts | 71,039 | 75,625 |
Cost of sales of completed construction contracts | 63,681 | 67,995 |
Gross profit on completed construction contracts | 7,358 | 7,629 |
Selling, general and administrative expenses | 7,036 | 7,290 |
Operating profit | 321 | 338 |
Non-operating income | ||
Interest income | 16 | 33 |
Dividend income | 490 | 588 |
Other | 199 | 190 |
Total non-operating income | 706 | 811 |
Non-operating expenses | ||
Interest expenses | 0 | 0 |
Share of loss of entities accounted for using equity | 145 | 112 |
method | ||
Other | 0 | - |
Total non-operating expenses | 145 | 112 |
Ordinary profit | 883 | 1,038 |
Extraordinary income | ||
Gain on sale of investment securities | 53 | - |
Total extraordinary income | 53 | - |
Extraordinary losses | ||
Loss on sale and retirement of non-current assets | 244 | 217 |
Total extraordinary losses | 244 | 217 |
Profit before income taxes | 692 | 820 |
Income taxes | 279 | 366 |
Profit | 413 | 453 |
Profit (loss) attributable to non-controlling interests | (70) | 168 |
Profit attributable to owners of parent | 483 | 284 |
3
(Millions of yen) | ||
For the six months | For the six months | |
ended September 30, 2023 | ended September 30, 2024 | |
Profit | 413 | 453 |
Other comprehensive income |
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax Share of other comprehensive income of entities accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests
3,539 | (805) |
(87) | (239) |
13 | (7) |
3,465 | (1,053) |
3,879 | (599) |
3,927 | (761) |
(48) | 161 |
4