Riso Kagaku Corporation TSE:6413

Riso Kagaku : Consolidated Financial Results for the Six Months Ended March 31, 2025【PDF：344KB】

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Source: MarketScreener

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.

November 1, 2024

Consolidated Financial Results

for the Six Months Ended March 31, 2025

Company name:

RISO KAGAKU CORPORATION

Listing:

Tokyo Stock Exchange Prime Market

Stock code:

6413

URL:

https://www.riso.co.jp/english/

Representative:

Akira Hayama, President & CEO

Inquiries:

Shouichi Ikejima, Director and General Manager of Corporate Headquarters

TEL: +81-3-5441-6611 (from overseas)

Scheduled date to file semi-annual securities report:

November 12, 2024

Scheduled date to commence dividend payments:

–

Preparation of supplementary material on financial results:

Yes

Holding of financial results briefing:

Yes (Recorded video of briefing on business

results scheduled for distribution)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the six months ended September 30, 2024 (from April 1, 2024 to September 30, 2024)

(1) Consolidated operating results (cumulative)

(Percentages indicate year-on-year changes.)

Net sales

Operating income

Ordinary income

Profit attributable to

owners of parent

Six months ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

September 30, 2024

38,167

9.6

2,804

52.3

2,630

12.3

1,782

(4.7)

September 30, 2023

34,837

(0.6)

1,841

(23.1)

2,343

(9.8)

1,870

(6.5)

Note: Comprehensive Income

For the six months ended September 30, 2024: 1,361million yen / (62.1) %

For the six months ended September 30, 2023: 3,594 million yen / 6.3 %

Basic earnings

Diluted earnings

per share

per share

Six months ended

Yen

Yen

September 30, 2024

54.46

–

September 30, 2023

56.04

–

(2) Consolidated financial position

Total assets

Net assets

Equity-to-asset ratio

As of

Millions of yen

Millions of yen

%

September 30, 2024

87,414

64,014

73.2

March 31, 2024

88,628

66,893

75.5

Reference: Equity

As of September 30, 2024: 64,014 million yen

As of March 31, 2024: 66,893 million yen

2. Cash dividends

Annual dividends per share

First quarter-end

Second quarter-end

Third quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Fiscal year ended

–

0.00

–

100.00

100.00

March 31, 2024

Fiscal year ending

–

0.00

March 31, 2025

Fiscal year ending

March 31, 2025

–

50.00

50.00

(Forecasts)

(Note) Revisions to the forecast of cash dividends most recently announced: Yes

As indicated in the Notice Regarding Share Split, Amendment of Articles of Incorporation, and Revision of Dividend Forecast released on November 1, 2024, the Company plans to execute a two-for-one split of its common shares on January 1, 2025.

As a result, the cash dividends per share for the fiscal year ending March 31, 2025 (forecast) was calculated based on the number of shares after the share split. Not taking the share split into consideration, the year-end cash dividends for the fiscal year ending March 31, 2025 (forecast) would be 100.00 yen per share, and the annual dividend would be 100.00 yen.

3. Forecasts for the fiscal year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)

(Percentages indicate year-on-year changes.)

Net sales

Operating income

Ordinary income

Profit attributable to

Net income

owners of parent

per share

Millions of

%

Millions of

%

Millions of

%

Millions of

%

Yen

yen

yen

yen

yen

Fiscal year ending

80,500

7.9

6,500

23.7

6,600

6.4

4,200

(13.1)

64.33

March 31, 2025

(Note) Revisions to the forecasts in the current quarter: Yes

Net income per share stated in the “Forecasts for the fiscal year ending March 31, 2025” was calculated based on the assumption that the two-for-one share split that will take effect on January 1, 2025 took place at the beginning of the fiscal year ending March 31, 2025.Not taking the share split into consideration, net income per share would be 128.66 yen.

4. Others

  1. Significant changes in the scope of consolidation during the period: Yes Newly included: 1 company (RISO Technologies Corporation)
  2. Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: None
  3. Changes in accounting policies, changes in accounting estimates and restatement
  1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
  2. Changes in accounting policies due to other reasons: None
  3. Changes in accounting estimates: None
  4. Restatement: None
  1. Number of issued shares (common share)
  1. Total number of issued shares at the end of the period (including treasury share)

As of September 30, 2024

36,000,000 shares

As of March 31, 2024

36,000,000 shares

b. Number of treasury share at the end of the period

As of September 30, 2024

3,439,058 shares

As of March 31, 2024

3,150,398 shares

c. Average number of shares during the period (cumulative from the beginning of the fiscal year)

Six months ended September 30, 2024

32,727,972 shares

Six months ended September 30, 2023

33,381,544 shares

  • Semi-annualfinancial results reports are exempt from review conducted by certified public accountants or an audit firm.
  • Proper use of the forecasts, and other special matters
    The forward-looking statements, including forecasts, contained in these materials are based on information currently available to the Company. These statements do not purport that the Company pledges to achieve such performance. Actual business may differ substantially from the forecasts due to various factors in the future.

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

20,812

15,525

Notes and accounts receivable - trade

13,999

10,573

Securities

676

161

Merchandise and finished goods

7,848

7,978

Work in process

828

817

Raw materials and supplies

2,485

2,520

Other

2,840

3,226

Allowance for doubtful accounts

(208)

(187)

Total current assets

49,283

40,615

Non-current assets

Property, plant and equipment

Buildings and structures

23,280

23,818

Accumulated depreciation

(16,271)

(16,581)

Buildings and structures, net

7,008

7,236

Machinery, equipment and vehicles

7,042

7,206

Accumulated depreciation

(6,395)

(6,428)

Machinery, equipment and vehicles, net

647

778

Tools, furniture and fixtures

13,419

13,026

Accumulated depreciation

(12,889)

(12,266)

Tools, furniture and fixtures, net

529

760

Land

17,725

17,742

Leased assets

295

330

Accumulated depreciation

(147)

(116)

Leased assets, net

147

213

Construction in progress

6

751

Other

9,512

9,627

Accumulated depreciation

(7,577)

(7,478)

Other, net

1,935

2,149

Total property, plant and equipment

28,000

29,632

Intangible assets

Goodwill

－

2,579

Software

1,125

1,297

Other

107

2,008

Total intangible assets

1,232

5,884

Investments and other assets

Investment securities

3,520

3,467

Long-term loans receivable

11

11

Deferred tax assets

1,015

2,297

Retirement benefit asset

2,039

2,037

Other

3,534

3,482

Allowance for doubtful accounts

(9)

(13)

Total investments and other assets

10,112

11,281

Total non-current assets

39,345

46,799

Total assets

88,628

87,414

- 1 -

(Millions of yen)

As of March 31, 2024

As of September 30, 2024

Liabilities

Current liabilities

Notes and accounts payable - trade

9,254

6,643

Short-term borrowings

15

1,418

Current portion of long-term borrowings

1

188

Income taxes payable

834

917

Provision for bonuses

1,766

1,808

Provision for bonuses for directors (and other

49

43

officers)

Provision for product warranties

17

23

Other

8,029

7,409

Total current liabilities

19,966

18,452

Non-current liabilities

Long-term borrowings

8

2,820

Deferred tax liabilities

34

33

Retirement benefit liability

729

769

Other

995

1,323

Total non-current liabilities

1,769

4,947

Total liabilities

21,735

23,400

Net assets

Shareholders' equity

Share capital

14,114

14,114

Capital surplus

14,779

14,779

Retained earnings

37,410

35,908

Treasury shares

(5,815)

(6,771)

Total shareholders' equity

60,489

58,031

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

1,709

1,671

Foreign currency translation adjustment

3,108

2,864

Remeasurements of defined benefit plans

1,585

1,446

Total accumulated other comprehensive income

6,403

5,983

Total net assets

66,893

64,014

Total liabilities and net assets

88,628

87,414

- 2 -

Semi-annual Consolidated Statements of Income and Comprehensive Income

Semi-annual Consolidated Statements of Income

Six Months Ended September 30

(Millions of yen)

Six months ended

Six months ended

September 30, 2023

September 30, 2024

Net sales

34,837

38,167

Cost of sales

15,063

15,780

Gross profit

19,774

22,387

Selling, general and administrative expenses

17,933

19,583

Operating profit

1,841

2,804

Non-operating income

Interest income

66

141

Dividend income

44

55

Foreign exchange gains

313

－

Other

104

100

Total non-operating income

527

297

Non-operating expenses

Interest expenses

4

18

Foreign exchange losses

－

416

Loss on retirement of non-current assets

7

9

Other

13

27

Total non-operating expenses

25

470

Ordinary profit

2,343

2,630

Extraordinary income

Gain on revision of retirement benefit plan

432

－

Total extraordinary income

432

－

Profit before income taxes

2,775

2,630

Income taxes

905

848

Profit

1,870

1,782

Profit attributable to owners of parent

1,870

1,782

- 3 -

Semi-annual Consolidated Statements of Comprehensive Income

Six Months Ended September 30

Profit

Other comprehensive income

Valuation difference on available-for-sale securities 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

(Millions of yen)

Six months ended

Six months ended

September 30, 2023

September 30, 2024

1,870

1,782

642

(38)

1,256

(243)

(175)

(138)

1,723

(420)

3,594

1,361

3,594

1,361

－

－

- 4 -

Semi-annual Consolidated Statements of Cash Flows

(Millions of yen)

Six months ended

Six months ended

September 30, 2023

September 30, 2024

Cash flows from operating activities

Profit before income taxes

2,775

2,630

Depreciation

1,265

1,408

Amortization of goodwill

－

135

Increase (decrease) in retirement benefit liability

448

15

Increase (decrease) in allowance for doubtful accounts

(10)

(13)

Interest and dividend income

(110)

(196)

Interest expenses

4

18

Foreign exchange losses (gains)

(173)

0

Gain on revision of retirement benefit plan

(432)

－

Decrease (increase) in trade receivables

3,203

3,251

Decrease (increase) in inventories

685

40

Increase (decrease) in trade payables

(664)

(2,440)

Increase (decrease) in accounts payable - other

(81)

(170)

Increase (decrease) in accrued consumption taxes

(81)

2

Other, net

(1,883)

(1,738)

Subtotal

4,946

2,944

Interest and dividends received

106

210

Interest paid

(5)

(18)

Income taxes paid

(1,218)

(782)

Income taxes refund

0

0

Net cash provided by (used in) operating activities

3,829

2,353

Cash flows from investing activities

Payments into time deposits

(869)

(409)

Proceeds from withdrawal of time deposits

900

1,771

Purchase of property, plant and equipment

(228)

(1,097)

Proceeds from sale of property, plant and equipment

14

4

Purchase of intangible assets

(267)

(613)

Proceeds from collection of loans receivable

3

－

Payments for absorption-type split

－

(6,436)

Other, net

62

(89)

Net cash provided by (used in) investing activities

(384)

(6,869)

Cash flows from financing activities

Net increase (decrease) in short-term borrowings

(21)

1,403

Proceeds from long-term borrowings

－

3,000

Repayments of long-term borrowings

(0)

(0)

Purchase of treasury shares

(334)

(954)

Dividends paid

(3,992)

(3,283)

Other, net

(37)

(29)

Net cash provided by (used in) financing activities

(4,385)

135

Effect of exchange rate change on cash and cash

633

(151)

equivalents

Net increase (decrease) in cash and cash equivalents

(307)

(4,531)

Cash and cash equivalents at beginning of period

19,676

20,088

Cash and cash equivalents at end of period

19,368

15,557

- 5 -