Consolidated Financial Results for the Nine Months Ended June 30, 2021 [Japanese GAAP]
August 6, 2021 | ||||
Company name: | Shinnihonseiyaku Co., Ltd. | Stock exchange listing: | Tokyo Stock Exchange | |
Code number: | 4931 | URL: | https://corporate.shinnihonseiyaku.co.jp | |
Representative | Takahiro Goto, President & Representative Director and Chief Executive Officer | |||
Contact: | Kazuhiro Tagami, Director of the Board | (TEL) +81-92-720-5800 |
Scheduled date of filing the quarterly securities report: | August 11, 2021 |
Scheduled date of commencing dividend payments: | - |
Availability of supplementary briefing material on quarterly financial results | Yes |
Schedule of quarterly financial results briefing session: | Yes (For institutional investors and analysts) |
(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended June 30, 2021 (October 1, 2020 to June 30, 2021)
(1) Consolidated Operating Results (Cumulative)
(% indicates the change from the corresponding period of the previous fiscal year.)
Net Sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||||
owners of parent | ||||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||||
Nine months ended | ||||||||||||||
June 30, 2021 | 25,289 | - | 2,400 | - | 2,419 | - | 1,624 | - | ||||||
Nine months ended | ||||||||||||||
June 30, 2020 | - | - | - | - | - | - | - | - | ||||||
(Note) Comprehensive income | Nine months ended June 30, 2021 | 1,624 million yen (-%) | ||||||||||||
Nine months ended June 30, 2020 | - million yen (-%) | |||||||||||||
Basic earnings per | Diluted earnings per | |||||||||||||
share | share | |||||||||||||
Yen | Yen |
Nine months ended
75.2474.50
June 30, 2021
Nine months ended
June 30, 2020
--
(Note) As the Company began preparing quarterly consolidated financial statements in the third quarter of the fiscal year ending September 2021, the figures for the third quarter of the fiscal year ended September 2020 and the rate of change from the same quarter of the previous year are not presented.
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio | |
Million yen | Million yen | % | |
As of June 30, 2021 | 20,905 | 15,976 | 75.7 |
As of September 30, 2020 | - | - | - |
(Reference) Equity: Nine months ended June 30, 2021 | 15,820 million yen |
As of September 30, 2020 | - million yen |
(Note) As the Company began preparing quarterly consolidated financial statements in the third quarter of the fiscal year ending | |
September 2021, the figures for the fiscal year ended September 2020 are not presented. |
2. Dividends
Annual dividends | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Year-end | Total | |
Yen | Yen | Yen | Yen | Yen | |
Fiscal year ended September | - | 0.00 | - | 30.00 | 30.00 |
30, 2020 | |||||
Fiscal year ending September | - | 0.00 | |||
30, 2021 | |||||
Fiscal year ending September | 32.50 | 32.50 | |||
30, 2021 (Forecast) | |||||
(Note) Revision from the most recently announced dividend forecast: No |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending September 30, 2021 (October 1, 2020 to September 30, 2021)
(% indicates changes from the previous fiscal year.)
Net Sales | Operating profit | Ordinary profit | Profit attributable | Basic earnings per | ||||||
to owners of parent | share | |||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | ||
Full year | 35,000 | - | 3,500 | - | 3,460 | - | 2,300 | - | 106.14 |
(Note) 1. Revision from the most recently announced financial results forecast: Yes
2. As the Company began preparing quarterly consolidated financial statements in the third quarter of the fiscal year ending September 2021, the rate of change from the previous period is not presented.
- Notes
(1) | Changes in significant subsidiaries during the first nine months of the current fiscal year: | Yes |
Two newly included companies (Company name) Flatcraft, Inc. | ||
Flatcraft Preparatory, Inc. | ||
Excluded - company (Company name) - | ||
(2) | Accounting policies adopted specially for the preparation of the consolidated quarterly financial statements: | No |
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) | Changes in accounting policies due to the revision of accounting standards: | No | |||
2) | Changes in accounting policies other than 1) above: | No | |||
3) | Changes in accounting estimates: | No | |||
4) | Retrospective restatement: | No | |||
(4) Total number of shares issued (common stock) | |||||
1) | Total number of shares issued at the end of | As of June 30, 2021 | 21,855,200 shares | As of September | 21,611,300 shares |
the period (including treasury shares) | 30, 2020 | ||||
2) | Total number of treasury shares at the end | As of June 30, 2021 | 198,885 shares | As of September | 190,140 shares |
of the period | 30, 2020 | ||||
3) | Average number of shares during the | Nine months ended | 21,596,658 shares | Nine months ended | 21,583,680 shares |
period (cumulative) | June 30, 2021 | June 30, 2020 |
- These quarterly financial results are outside the scope of quarterly review by certified public accountants or auditing firms.
-
Explanation on the proper use of financial results forecast and other notes
Financial results forecasts and other forward-looking statements herein are based on currently available information and certain assumptions that the Company deems as reasonable, and actual results, etc. may differ significantly from these forecasts due to various factors.
(How to obtain the supplementary briefing material and the contents of the financial results briefing)
The Shinnihonseiyaku Group plans to deliver an online financial results briefing for institutional investors and analysts on Friday, August 6, 2021. The supplementary briefing material used in this briefing is disclosed today on TDnet as well as posted on the Company's website.
Table of Contents | |||
1. | Qualitative Information for Quarterly Financial Results for the Period Under Review ............................................. | 2 | |
(1) | Explanation on Business Results .......................................................................................................................... | 2 | |
(2) | Explanation on Financial Position ........................................................................................................................ | 2 | |
(3) | Explanation on Consolidated Financial Results Forecast and Other Forward-Looking Information ................... | 2 | |
2. | Quarterly Consolidated Financial Statements and Primary Notes .............................................................................. | 3 | |
(1) | Quarterly Consolidated Balance Sheet ................................................................................................................. | 3 |
- Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of
Comprehensive Income ........................................................................................................................................ | 5 |
(3) Notes to the Quarterly Consolidated Financial Statements .................................................................................. | 7 |
(Notes on going concern assumption) ........................................................................................................................ | 7 |
(Notes when there was a substantial change in the amount of shareholders' equity).................................................. | 7 |
(Segment information, etc.) ........................................................................................................................................ | 7 |
(Additional information)............................................................................................................................................. | 7 |
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1. Qualitative Information for Quarterly Financial Results for the Period Under Review
-
Explanation on Business Results
During the first nine months of the current fiscal year, the Japanese economy continued to face difficult conditions due to the impact of COVID-19, and economic activities and personal consumption have been significantly affected. With concerns about a resurgence in infections caused primarily by virus variants, the outlook for the economy is expected to remain uncertain although a moderate recovery in economic activities is likely as progress is made with vaccinations and measures are taken to prevent the spread of infections.
Under such a market environment, during the first nine months of the current fiscal year, various measures in our mainstay mail order business progressed favorably. However, we were affected by a decrease in the number of customers visiting our direct stores and other stores that handle our products amid the prolonged COVID-19 pandemic.
In the Mail Order segment, the up-selling of "PERFECT ONE Wrinkle Stretch Gel" to existing customers continued to be strong as in the second quarter. In addition, cross-selling of seasonal products, mainly UV care products, remained favorable thanks to aggressive product proposals by call center communicators, and the order closing rate to subscribers continues to be at a record-high level. As a result, sales in the Mail Order segment have been progressing above expectations.
In the Direct Store Sales/Wholesale segment, while the business segment environment continues to be harsh, we are working to increase brand awareness and acquire customers. We are doing this by holding pop-up events at six locations nationwide in conjunction with the launch of the second series of brand commercials featuring Kento Nakajima as the commercial character, and implementing store-only campaigns.
In the Overseas Sales segment, as we engaged in business activities while closely monitoring the status of economic activities in each region, sales at "618," one of the two major shopping events at EC mall in China along with Double 11 were favorable, and the result was 1.8 times higher than the level of the previous year, which contributed to growth in overseas sales.
In the Smart Health Care Business, we have opened an online community named "KARADAMAMORU Community" to think about health in the era of COVID-19 together with participants as part of our effort to expand points of contact with customers.
As a result of the foregoing, for the first nine months of the current fiscal year, net sales were 25,289 million yen, operating profit was 2,400 million yen, ordinary profit was 2,419 million yen, and profit attributable to owners of parent was 1,624 million yen.
As the Company began preparing quarterly consolidated financial statements in the third quarter of the fiscal year ending September 2021, the rate of change from the same period of the previous fiscal year is not presented.
The Group's business segments consist of Mail Order, Direct Store Sales/Wholesale, and Overseas Sales of cosmetics and merchandise related to healthcare. As the ratio of Direct Store Sales/Wholesale and Overseas Sales to overall sales is insignificant, and their materiality as disclosed information is low, a description by business segment has been omitted. - Explanation on Financial Position
Total assets as of the end of the third quarter of the current fiscal year were 20,905 million yen. The main components were cash and deposits of 11,535 million yen, accounts receivable-trade of 2,925 million yen, property, plant and equipment of 2,184 million yen, and intangible assets of 1,472 million yen.
Total liabilities as of the end of the third quarter of the current fiscal year were 4,929 million yen. The main components were accounts payable-other of 2,079 million yen, accounts payable-trade of 480 million yen, and income taxes payable of 331 million yen.
Total net assets as of the end of the third quarter of the current fiscal year were 15,976 million yen. The main components were share capital of 4,158 million yen, capital surplus of 4,150 million yen, and retained earnings of 7,839 million yen. - Explanation on Consolidated Financial Results Forecast and Other Forward-Looking Information
With regard to the consolidated financial results forecast for the fiscal year ending September 2021, in connection with the establishment of Flatcraft Preparatory Inc. and the acquisition of all shares of Flatcraft Inc. through Flatcraft Preparatory Inc., the Company announced today, on August 6, 2021, the "Notice on Transition to Consolidated Financial Results and Consolidated Financial Results Forecast."
Financial results and other forward-looking statements herein are based on information available to the Company and certain assumptions deemed reasonable at the date of publication of this document. Actual results, etc. may differ significantly from these forecasts due to various factors.
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2. Quarterly Consolidated Financial Statements and Primary Notes
(1) Quarterly Consolidated Balance Sheet
(Unit: Million yen)
Third quarter of the current | ||||
fiscal year | ||||
(As of June 30, 2021) | ||||
Assets | ||||
Current assets | ||||
Cash and deposits | 11,535 | |||
Accounts receivable - trade | 2,925 | |||
Merchandise | 1,315 | |||
Other | 611 | |||
Allowance for doubtful accounts | (93) | |||
Total current assets | 16,293 | |||
Non-current assets | ||||
Property, plant and equipment | 2,184 | |||
Intangible assets | ||||
Goodwill | 1,136 | |||
Other | 335 | |||
Total intangible assets | 1,472 | |||
Investments and other assets | 955 | |||
Total non-current assets | 4,611 | |||
Total assets | 20,905 | |||
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