Consolidated Financial Results for the nine months of the FYE March 31, 2022
(JGAAP)
Company name: SRE Holdings Corporation | Stock exchange listing: | Tokyo | Jan 31, 2022 | |||||||||||||
Stock code: | 2980 | URL: | https://sre-group.co.jp/ | |||||||||||||
Representative: | Kazuo Nishiyama, President & Chief Executive Officer | |||||||||||||||
Contact: | Osamu Mashiko, Member of the Board, CFO & Division Director, Corporate Headquarters | |||||||||||||||
Scheduled date of dividend payment ‒ | TEL: +81-3-6274-6550 | |||||||||||||||
Scheduled date to submit the Quarterly Report: February 10, 2022 | ||||||||||||||||
Earnings Supplementary Explanatory Documents: Yes | ||||||||||||||||
Holding of financial results presentation meeting: No | ||||||||||||||||
(Figures of less than one million are rounded down.) | ||||||||||||||||
1. Consolidated Results for the nine months of the FYE March 31, 2022 (April 1, 2021 - December 31, 2021) | ||||||||||||||||
(1) Consolidated operating results | (% shows the year-on-year change) | |||||||||||||||
Quarterly Profit | ||||||||||||||||
Net sales | Operating profit | Ordinary profit | attributable to owners of | |||||||||||||
parent | ||||||||||||||||
Nine months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||||||
December 31, 2021 | 7,355 | 145.7 | 977 | 159.0 | 947 | 159.1 | 640 | 176.1 | ||||||||
December 31, 2020 | 2,994 | 35.0 | 377 | (14.0) | 365 | (12.3) | 231 | (13.1) | ||||||||
(Note) Comprehensive | income: | Nine months | ended December 31, 2021: ¥629 million 171.6% | |||||||||||||
Nine months ended December 31, 2020: ¥231 million (13.1%) | ||||||||||||||||
Basic quarterly profit | Diluted quarterly profit | |||||||||||||||
per share | per share | |||||||||||||||
Nine months ended | Yen | Yen | ||||||||||||||
December 31, 2021 | 41.23 | 40.19 | ||||||||||||||
December 31, 2020 | 15.26 | 14.68 | ||||||||||||||
(2) Consolidated financial condition | ||||||||||||||||
Total assets | Net assets | Equity ratio | ||||||||||||||
As of | Million yen | Million yen | % | |||||||||||||
December 31, 2021 | 17,945 | 8,635 | 47.8 | |||||||||||||
March 31, 2021 | 12,341 | 7,879 | 63.5 |
(Reference) Equity capital: | As of December 31, 2021: ¥8,574 millionAs of March 31, 2021: ¥7,842 million | |||||||
2. Dividends | ||||||||
Annual dividend per share | ||||||||
End of first quarter | End of second | End of third | Year end | Total | ||||
quarter | quarter | |||||||
Yen | Yen | Yen | Yen | Yen | ||||
FYE March 31, 2021 | ‒ | 0.00 | ‒ | 0.00 | 0.00 | |||
FYE March 31, 2022 | ‒ | 0.00 | ‒ | |||||
FYE March 31, 2022 | 0.00 | 0.00 | ||||||
(forecast) | ||||||||
3. Consolidated Financial Forecasts for the FYE March 31, 2022 (April 1, 2021 to March 31, 2022)
(% shows the year-on-year change)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic profit per | |||||
owners of parent | share | ||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
Full year | 11,800 | 60.8 | 1,350 | 27.8 | 1,280 | 25.1 | 835 | 25.2 | 54.40 |
(Note) Revision of the forecasts most recently announced: No
* Notes
-
Changes in significant subsidiaries during the first three months of FYE March 31, 2022 (changes of specified subsidiaries with change of the scope of consolidation): No
(Note1) This does not correspond to a specified subsidiary, but from the first three months of the FYE March 31, 2022, Kyushu C & C Systems has been included in the scope of consolidation.
(Note2) Since SRE Asset Management Co., Ltd. was newly established in December 2021, it is included in the scope of consolidation, but it is not a specified subsidiary of the Company. - Changes in accounting principles, changes in accounting estimates, and retrospective restatements
- Changes in accounting principles accompanying the amendment of accounting standards: Yes
- Changes in accounting policies other than (i): None
- Changes in accounting estimates: None
- Restatement: None
- Number of issued shares (common shares)
- Number of shares outstanding at end of the period (including treasury shares)
As of December 31, 2021: | 15,550,237 shares |
As of March 31, 2021: | 15,348,151 shares |
(ii) Number of treasury shares at end of the period | |
As of December 31, 2021: | 151 shares |
As of March 31, 2021: | 31 shares |
(iii) Average number of shares during the period
The nine months of FYE March 2022: 15,532,758 shares
The nine months of FYE March 2021: 15,174,671 shares
- The results are not subject to an audit by a certified public accountant or an auditing firm.
-
Explanation concerning the appropriate use of financial result forecasts and other special notes (Note on forward-looking statements)
Forward-looking statements such as results forecasts provided in this document are prepared based on currently available information and assumptions that are deemed reasonable, but the Company does not intend to guarantee it's achievement. A variety of factors could cause actual results to differ materially from forecasts.
- Index for Supplementary Information
1. Quarterly consolidated Financial Statements and Important Notes...................................................................... | 2 | |
(1) | Quarterly consolidated balance sheets............................................................................................................ | 2 |
(2) | Quarterly consolidated statements of income and consolidated statements of comprehensive income ......... | 3 |
(Quarterly consolidated statements of income)................................................................................................. | 3 | |
(Quarterly consolidated statements of comprehensive income) ....................................................................... | 4 | |
(3) | Notes to Quarterly consolidated financial statements...................................................................................... | 5 |
(Note to going concern assumptions) ............................................................................................................... | 5 | |
(Notes on significant fluctuations in the amount of shareholders' equity).......................................................... | 5 | |
(Change in accounting policy)........................................................................................................................... | 5 | |
(Segment information, etc.) .............................................................................................................................. | 6 |
‒ 1 ‒
1. Quarterly Consolidated Financial Statements and Important Notes
(1) Quarterly Consolidated balance sheets
(Unit: Thousand yen) | ||||
As of March 31, 2021 | As of December 31, 2021 | |||
ASSETS | ||||
Current assets: | ||||
Cash and deposits | 2,637,195 | 2,876,940 | ||
Accounts receivable - trade | 164,220 | 229,770 | ||
Operating investments in capital | 830,013 | 673,216 | ||
Inventories | 7,268,908 | 11,947,633 | ||
Others | 284,166 | 456,466 | ||
Less - allowance for doubtful accounts | (1,196) | (1,196) | ||
Total current assets | 11,183,308 | 16,182,831 | ||
Non-current assets: | ||||
Property, plant and equipment | 152,969 | 196,241 | ||
Intangible assets: | ||||
Software | 473,975 | 602,309 | ||
Goodwill | － | 154,779 | ||
Others | 53,315 | 35,708 | ||
Total intangible assets | 527,290 | 792,797 | ||
Investments and other assets | 477,955 | 773,222 | ||
Total non-current assets | 1,158,214 | 1,762,260 | ||
Total assets | 12,341,523 | 17,945,092 | ||
LIABILITIES | ||||
Current liabilities: | ||||
Accounts payable - trade | 58,368 | 101,975 | ||
Short-term borrowings | 722,000 | 2,269,500 | ||
Accounts payable - other | 102,360 | 99,736 | ||
Accrued expenses | 284,572 | 260,834 | ||
Income taxes payable | 309,734 | 117,297 | ||
Accrued compensation | 127,060 | 62,364 | ||
Others | 239,499 | 463,266 | ||
Total current liabilities | 1,843,595 | 3,374,975 | ||
Non-current liabilities: | ||||
Long-term debt | 2,470,000 | 5,702,590 | ||
Liability for retirement benefits | － | 63,005 | ||
Others | 148,040 | 169,360 | ||
Total non-current liabilities | 2,618,040 | 5,934,956 | ||
Total liabilities | 4,461,635 | 9,309,931 | ||
NET ASSETS | ||||
Shareholders' equity: | ||||
Capital stock | 3,584,698 | 3,637,117 | ||
Capital surplus | 3,584,698 | 3,637,117 | ||
Retained earnings | 672,877 | 1,302,407 | ||
Treasury stock, at cost | (122) | (1,233) | ||
Total shareholders' equity | 7,842,152 | 8,575,408 | ||
Unrealized holding losses on securities | － | (1,006) | ||
Total accumulated other comprehensive losses | － | (1,006) | ||
Stock acquisition rights | 37,735 | 60,759 | ||
Total net assets | 7,879,887 | 8,635,161 | ||
Total liabilities and net assets | 12,341,523 | 17,945,092 |
‒ 2 ‒
- Quarterly Consolidated statements of income and consolidated statements of comprehensive income (Quarterly Consolidated statements of income)
(Unit: Thousand yen) | ||
For the nine months ended | For the nine months ended | |
December 31, 2020 | December 31, 2021 | |
Net sales | 2,994,125 | 7,355,389 |
Cost of sales | 1,300,034 | 4,490,522 |
Gross profit | 1,694,091 | 2,864,866 |
Selling, general and administrative expenses | 1,316,679 | 1,887,242 |
Operating income | 377,412 | 977,624 |
Non-operating income: | |||
Interest income | 0 | 3 | |
Share of profit of entities accounted for using equity | 8,686 | 435 | |
method | |||
Dividend income | － | 305 | |
Other non-operating income | 56 | 2,768 | |
Total non-operating income | 8,743 | 3,513 | |
Non-operating expenses: | |||
Interest expenses | 10,487 | 31,887 | |
Going public expenses | 8,500 | － | |
Other non-operating expenses | 1,517 | 1,937 | |
Total non-operating expenses | 20,505 | 33,824 | |
Ordinary income | 365,650 | 947,312 | |
Income before income taxes | 365,650 | 947,312 | |
Income taxes: | |||
Current | 117,889 | 265,979 | |
Deferred | 15,857 | 40,942 | |
Total income taxes | 133,746 | 306,922 | |
Net income | 231,903 | 640,390 | |
Net income attributable to owners of the parent | 231,903 | 640,390 |
‒ 3 ‒
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