Summary of Financial Results for Third Quarter of
Fiscal Year Ended December 31, 2021
(Japanese GAAP) (Consolidated)
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 9, 2021 | ||||||
Name of listed company: | KLab Inc. | Stock exchange listing: | Tokyo Stock Exchange First Section | |||
Securities code: | 3656 | URL: | https://www.klab.com/en/ | |||
Representative: | [Name] | Hidekatsu Morita | [Title] | Representative Director, President and CEO | ||
Contact: | [Name] | Kazuyuki Takata | [Title] | Senior Managing Director | TEL: +81-3-5771-1100 |
Scheduled filing date for securities report: | November 9, 2021 | |
Scheduled date for dividends payment: | － | |
Supplementary information for quarterly results: | Yes | https://www.klab.com/en/ir/library/ |
Information meeting for quarterly financial report: | Yes | *Institutional investors and analysts only |
(Amounts of less than one million yen are rounded down unless otherwise stated.)
1. Consolidated Operating Performance for Third Quarter of FY2021 (January 1, 2021 - September 30, 2021)
(1) Consolidated Operating Results (year-to-date)
(% represents rate of increase or decrease over same period of previous fiscal year)
Revenue | Operating income | Ordinary income | Profit attributable to | |||||
owners of parent | ||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | |
Third quarter of FY2021 | 18,708 | (29.0) | (729) | － | (850) | － | (1,767) | － |
Third quarter of FY2020 | 26,360 | 17.8 | 2,254 | 31.7 | 1,803 | 14.9 | 855 | (29.6) |
Note: Comprehensive income | Third quarter of FY2021: (1,683) million yen | [－] | ||||||||||||
Third quarter of FY2020: | 787 million yen | [(42.4%)] | ||||||||||||
Net income | Diluted net income | |||||||||||||
per share | per share | |||||||||||||
Yen | Yen | |||||||||||||
Third quarter of FY2021 | (45.98) | － | ||||||||||||
Third quarter of FY2020 | 22.42 | 22.25 | ||||||||||||
(2) Consolidated Financial Status | ||||||||||||||
Total assets | Net assets | Equity ratio | ||||||||||||
Million yen | Million yen | % | ||||||||||||
Third quarter of FY2021 | 20,816 | 14,696 | 70.6 | |||||||||||
FY2020 | 23,491 | 16,584 | 70.5 | |||||||||||
Reference: Shareholders' equity Third quarter of FY2021: 14,686 million yen | FY2020: 16,572 million yen | |||||||||||||
2. Dividends | ||||||||||||||
Annual dividends | ||||||||||||||
End of Q1 | End of Q2 | End of Q3 | Year End | Total | ||||||||||
Yen | Yen | Yen | Yen | Yen | ||||||||||
FY2020 | ― | 0.00 | ― | 0.00 | 0.00 | |||||||||
FY2021 | ― | 0.00 | ― | |||||||||||
FY2021 (Forecast) | 0.00 | 0.00 |
Note: Revisions to the most recently announced dividend forecast: None
3. Consolidated Operating Performance Forecasts for FY2021 (January 1, 2021 - December 31, 2021) (% represents rate of increase or decrease over previous fiscal year)
Revenue | Operating income | Ordinary income | Profit attributable to | Net income | |||||
owners of parent | per share | ||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
Fiscal Year | 24,000 | (29.3) | (1,600) | － | (1,700) | － | (2,300) | － | (59.94) |
Note: Revisions to the most recently disclosed business performance forecast: Yes
- Explanatory Notes
(1) | Changes to major subsidiaries during the first nine months of FY2021: | None |
(2) | Changes to accounting principles or treatment: | Yes |
Note: Refer to "Consolidated Financial Statements and Related Notes" in section "(3) Notes Related to Consolidated
Financial Statements (Adoption of special accounting treatment)" on page 5 of Supporting Information. | |
(3) Changes to accounting policies, estimates, and restatements | |
① Changes to accounting revision of accounting standards: | None |
② Changes other than ① : | None |
③ Changes to accounting estimates: | None |
④ Restatements: | None |
(4) Number of outstanding shares (common shares) |
- Period end outstanding shares (including treasury shares)
- Period end treasury shares
- Average outstanding shares during the period
Third quarter of | 38,624,400 shares | FY2020 | 38,475,100 shares |
FY2021 | |||
Third quarter of | 434,700 shares | FY2020 | － |
FY2021 | |||
Third quarter of | 38,436,668 shares | Third quarter of | 38,168,657 shares |
FY2021 | FY2020 | ||
-
Note Regarding Quarterly Review Procedures
Quarterly financial results summaries are not subject to quarterly review procedures. - Note Regarding the Appropriate Usage of Forecasts and Other Special Instructions (Notes on forward-lookingstatements)
The earnings forecast and other forward-looking statements contained in this report are based on information currently available to the Company and on certain assumptions deemed to be reasonable by the Company. Actual results may differ materially from these forecasts for a number of reasons.
(Method of Obtaining Supplementary Materials on Quarterly Financial Results)
For an overview of results, please refer to the quarterly financial results materials posted on the Company website.
https://www.klab.com/en/ir/library/presentations/
Supporting Information INDEX
Consolidated Financial Statements and Related Notes | 2 | |||||||||
(1) | Consolidated Balance Sheets | 2 | ||||||||
(2) | Consolidated Statements of Income and Comprehensive Income | 3 | ||||||||
(3) | Notes Related to Consolidated Financial Statements | 5 | ||||||||
(Notes related to ongoing concern assumptions) | 5 | |||||||||
(Notes in case of significant change in shareholders' equity) | 5 | |||||||||
(Adoption of special accounting treatment) | 5 | |||||||||
(Segment and other information) | 6 | |||||||||
1
Consolidated Financial Statements and Related Notes
(1) Consolidated Balance Sheets
(In thousands of yen) | ||||||
FY2020 | Third quarter of FY2021 | |||||
(Dec. 31,2020) | (Sept. 30, 2021) | |||||
Assets | ||||||
Current assets | ||||||
Cash and deposits | 8,115,782 | 5,691,819 | ||||
Notes and trade accounts receivable | 3,184,076 | 1,910,142 | ||||
Securities | 502,575 | 951,907 | ||||
Income taxes receivable | － | 200,021 | ||||
Other | 1,931,018 | 2,399,683 | ||||
Allowance for doubtful accounts | (5,899) | (19,189) | ||||
Total current assets | 13,727,552 | 11,134,384 | ||||
Non-current assets | ||||||
Property, plant, and equipment | 274,281 | 340,735 | ||||
Intangible assets | ||||||
Software | 2,105,810 | 50,439 | ||||
Software in progress | 546,388 | 1,336,145 | ||||
Goodwill | 116,305 | 947,132 | ||||
Other | 672 | 672 | ||||
Total intangible assets | 2,769,176 | 2,334,389 | ||||
Investments and other assets | ||||||
Investment securities | 3,745,543 | 3,321,890 | ||||
Other | 2,976,455 | 3,713,537 | ||||
Allowance for doubtful accounts | (1,528) | (28,196) | ||||
Total investments and other assets | 6,720,469 | 7,007,230 | ||||
Total non-current assets | 9,763,928 | 9,682,356 | ||||
Total assets | 23,491,480 | 20,816,741 | ||||
Liabilities | ||||||
Current liabilities | ||||||
Accounts payable - trade | 2,407,474 | 2,189,552 | ||||
Long-term debt to be repaid within one year | 741,768 | 586,228 | ||||
Provision for bonuses | 129,286 | 33,686 | ||||
Other | 2,624,519 | 2,409,747 | ||||
Total current liabilities | 5,903,048 | 5,219,214 | ||||
Non-current liabilities | ||||||
Long-term debt | 1,003,832 | 580,826 | ||||
Other | － | 320,000 | ||||
Total non-current liabilities | 1,003,832 | 900,826 | ||||
Total liabilities | 6,906,880 | 6,120,040 | ||||
Net assets | ||||||
Shareholders' equity | ||||||
Capital stock | 4,909,815 | 4,955,439 | ||||
Capital surplus | 4,659,365 | 4,704,988 | ||||
Retained earnings | 6,790,349 | 5,023,185 | ||||
Treasury shares | － | (294,234) | ||||
Total shareholders' equity | 16,359,531 | 14,389,379 | ||||
Accumulated other comprehensive income | ||||||
Valuation difference on available-for-sale | 179,288 | 280,958 | ||||
securities | ||||||
Foreign currency translation | 33,960 | 16,208 | ||||
Total accumulated other comprehensive | 213,249 | 297,166 | ||||
income | ||||||
Subscription rights to shares | 11,819 | 10,154 | ||||
Total net assets | 16,584,600 | 14,696,700 | ||||
Total liabilities and net assets | 23,491,480 | 20,816,741 |
2
-
Consolidated Statements of Income and Comprehensive Income Consolidated Statements of Income
Third Quarter Consolidated Cumulative Period
(In thousands of yen) | |||
Third quarter of FY2020 | Third quarter of FY2021 | ||
(Jan. 1, 2020 - Sept. 30, 2020) | (Jan. 1, 2021 - Sept. 30, 2021) | ||
Revenue | 26,360,776 | 18,708,595 | |
Cost of sales | 20,488,628 | 16,728,810 | |
Gross profit | 5,872,147 | 1,979,784 | |
Selling, general, and administrative expenses | 3,618,140 | 2,708,913 | |
Operating income (loss) | 2,254,007 | (729,128) | |
Non-operating income | |||
Interest income | 21,219 | 25,997 | |
Dividend income | 35,721 | 32,974 | |
Investment gains using equity method | － | 9,786 | |
Other | 48,827 | 31,573 | |
Total non-operating income | 105,768 | 100,333 | |
Non-operating expenses | |||
Interest expense | 3,721 | 3,147 | |
Investment loss using equity method | 8,629 | － | |
Foreign exchange losses | 537,554 | 167,326 | |
Other | 6,760 | 50,801 | |
Total non-operating expenses | 556,665 | 221,275 | |
Ordinary income (loss) | 1,803,110 | (850,071) | |
Extraordinary income | |||
Gain on sale of non-current assets | － | 2,475 | |
Gain on sale of investment securities | － | 31,130 | |
Other | 1,035 | 681 | |
Total extraordinary income | 1,035 | 34,287 | |
Extraordinary losses | |||
Impairment loss | 498,871 | 1,540,574 | |
Other | 1,285 | 436 | |
Total extraordinary losses | 500,156 | 1,541,010 | |
Income (loss) before income taxes | 1,303,989 | (2,356,794) | |
Income taxes | 522,325 | (589,629) | |
Income (loss) before non-controlling interests | 781,664 | (1,767,164) | |
Profit (loss) attributable to non-controlling interests | (74,150) | － | |
Profit (loss) attributable to owners of parent | 855,814 | (1,767,164) |
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