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 Nine Months Ended December 31, 2024 (Based on Japanese GAAP)
February 4, 2025 | ||||
Company name: | SATOSHOJI CORPORATION | |||
Stock exchange listing: | Tokyo | |||
Stock code: | 8065 | URL https://www.satoshoji.co.jp | ||
Representative: | Representative Director, President | Tetsuo Nozawa | ||
Inquiries: | General Manager of Financial Dept. | Akihito Okeda | TEL 03-5218-5312 | |
Scheduled date to commence dividend payments: | - | |||
Preparation of supplementary material on financial results: | No | |||
Holding of 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 (from April 1, 2024 to December 31, 2024)
(1) Consolidated operating results (cumulative) | Percentages indicate year-on-year changes | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||
owners of parent | ||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||
Nine months ended December 31, 2024 | 214,888 | 4.4 | 4,860 | 5.7 | 5,341 | 0.1 | 4,478 | (1.0) | ||
Nine months ended December 31, 2023 | 205,818 | 0.2 | 4,598 | 1.8 | 5,334 | 4.1 | 4,523 | 29.7 |
Earnings per share | Diluted earnings per share | |||||||
Yen | Yen | |||||||
Nine months ended December 31, 2024 | 212.70 | 209.12 | ||||||
Nine months ended December 31, 2023 | 214.24 | 209.36 | ||||||
(2) Consolidated financial position | ||||||||
Total assets | Net assets | Equity ratio | ||||||
Millions of yen | Millions of yen | % | ||||||
As of December 31, 2024 | 182,177 | 67,515 | 36.9 | |||||
As of March 31, 2024 | 172,870 | 65,202 | 37.5 | |||||
2. Cash dividends | ||||||||
Annual dividends per share | ||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | |||||
Yen | Yen | Yen | Yen | |||||
Year ended March 31, 2024 | - | 32.00 | - | 41.00 | ||||
Year ending March 31, 2025 | - | 34.00 | - | |||||
Year ending March 31, 2025 (Forecast) | 39.00 |
Total
Yen 73.00
73.00
3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
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 | |||
Full year | 285,000 | 4.0 | 6,550 | 1.1 | 6,950 | (4.7) | 5,550 | (14.3) | 263.56 |
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4. Notes | ||||||
(1) | Significant changes in the scope of consolidation during the nine months ended December 31, 2024: | No | ||||
(2) | Application of special accounting methods for preparing quarterly consolidated financial statements: | 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: | No | |||||
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 December 31, 2024 | 21,799,050 shares | As of March 31, 2024 | 21,799,050 shares | |||
Number of treasury shares at the end of the period | ||||||
As of December 31, 2024 | 813,079 shares | As of March 31, 2024 | 764,743 shares | |||
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Nine months ended December 31, 2024 | 21,057,724 shares | Nine months ended December 31, 2023 | 21,116,307 shares |
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Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | ||
As of March 31, 2024 | As of December 31, 2024 | |
Assets | ||
Current assets | ||
Cash and deposits | 3,175 | 5,781 |
Notes receivable - trade | 6,298 | 5,177 |
Electronically recorded monetary claims - operating | 31,395 | 32,108 |
Accounts receivable - trade | 53,720 | 57,722 |
Merchandise and finished goods | 28,956 | 30,036 |
Other | 4,933 | 6,139 |
Allowance for doubtful accounts | (212) | (301) |
Total current assets | 128,267 | 136,663 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 6,115 | 5,793 |
Land | 13,001 | 14,356 |
Other, net | 2,544 | 4,307 |
Total property, plant and equipment | 21,661 | 24,457 |
Intangible assets | 186 | 237 |
Investments and other assets | ||
Investment securities | 20,498 | 18,215 |
Deferred tax assets | 90 | 74 |
Retirement benefit asset | 1,079 | 1,007 |
Other | 1,157 | 1,636 |
Allowance for doubtful accounts | (71) | (114) |
Total investments and other assets | 22,755 | 20,818 |
Total non-current assets | 44,602 | 45,513 |
Total assets | 172,870 | 182,177 |
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(Millions of yen) | ||
As of March 31, 2024 | As of December 31, 2024 | |
Liabilities | ||
Current liabilities | ||
Accounts payable - trade | 55,178 | 56,304 |
Electronically recorded obligations - operating | 13,127 | 13,614 |
Short-term borrowings | 18,165 | 28,026 |
Income taxes payable | 1,147 | 527 |
Contract liabilities | 451 | 1,184 |
Provision for bonuses | 1,489 | 830 |
Other | 2,570 | 2,933 |
Total current liabilities | 92,128 | 103,422 |
Non-current liabilities | ||
Long-term borrowings | 10,657 | 6,567 |
Deferred tax liabilities | 4,311 | 4,134 |
Retirement benefit liability | 172 | 214 |
Provision for retirement benefits for directors (and other | 58 | 58 |
officers) | ||
Other | 338 | 264 |
Total non-current liabilities | 15,538 | 11,239 |
Total liabilities | 107,667 | 114,661 |
Net assets | ||
Shareholders' equity | ||
Share capital | 1,321 | 1,321 |
Capital surplus | 818 | 732 |
Retained earnings | 51,919 | 54,838 |
Treasury shares | (872) | (1,006) |
Total shareholders' equity | 53,186 | 55,885 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 9,920 | 8,905 |
Deferred gains or losses on hedges | 0 | (1) |
Foreign currency translation adjustment | 1,711 | 2,415 |
Total accumulated other comprehensive income | 11,632 | 11,319 |
Share acquisition rights | 369 | 293 |
Non-controlling interests | 14 | 17 |
Total net assets | 65,202 | 67,515 |
Total liabilities and net assets | 172,870 | 182,177 |
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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen) | ||
Nine months ended | Nine months ended | |
December 31, 2023 | December 31, 2024 | |
Net sales | 205,818 | 214,888 |
Cost of sales | 190,322 | 198,141 |
Gross profit | 15,496 | 16,746 |
Selling, general and administrative expenses | 10,898 | 11,886 |
Operating profit | 4,598 | 4,860 |
Non-operating income | ||
Interest income | 7 | 21 |
Dividend income | 826 | 618 |
Rental income | 94 | 77 |
Purchase discounts | 30 | 29 |
Share of profit of entities accounted for using equity method | 23 | 58 |
Foreign exchange gains | 10 | 29 |
Other | 43 | 70 |
Total non-operating income | 1,038 | 905 |
Non-operating expenses | ||
Interest expenses | 208 | 300 |
Loss on sale of trade receivables | 18 | 1 |
Rental expenses | 35 | 45 |
Other | 39 | 76 |
Total non-operating expenses | 301 | 424 |
Ordinary profit | 5,334 | 5,341 |
Extraordinary income | ||
Gain on sale of non-current assets | 2 | 478 |
Gain on sale of investment securities | 881 | 525 |
Total extraordinary income | 884 | 1,004 |
Extraordinary losses | ||
Loss on sale and retirement of non-current assets | 1 | 5 |
Loss on valuation of investment securities | 60 | 3 |
Loss on sale of investment securities | 3 | 6 |
Loss on sale of shares of subsidiaries | - | 68 |
Total extraordinary losses | 66 | 83 |
Profit before income taxes | 6,153 | 6,262 |
Income taxes - current | 1,329 | 1,513 |
Income taxes - deferred | 297 | 267 |
Total income taxes | 1,627 | 1,781 |
Profit | 4,525 | 4,480 |
Profit attributable to non-controlling interests | 1 | 1 |
Profit attributable to owners of parent | 4,523 | 4,478 |
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Consolidated statements of comprehensive income (cumulative)
(Millions of yen) | ||
Nine months ended | Nine months ended | |
December 31, 2023 | December 31, 2024 | |
Profit | 4,525 | 4,480 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 2,117 | (1,015) |
Deferred gains or losses on hedges | (4) | (1) |
Foreign currency translation adjustment | 426 | 678 |
Share of other comprehensive income of entities accounted | 8 | 26 |
for using equity method | ||
Total other comprehensive income | 2,547 | (312) |
Comprehensive income | 7,073 | 4,168 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 7,071 | 4,164 |
Comprehensive income attributable to non-controlling | 2 | 3 |
interests | ||
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