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 11, 2021
Consolidated Financial Results | |
for the Six Months Ended September 30, 2021 | |
(Under Japanese GAAP) | |
Company name: | Polaris Holdings Co., Ltd. |
Listing: | Tokyo Stock Exchange |
Securities code: | 3010 |
URL: | https://www.polaris-holdings.com |
Representative: | Atsuo Umeki, President & Representative Director |
Inquiries: | Satoshi Hosono, Director & CFO |
Telephone: | +81-3-5822-3010 |
Scheduled date to file quarterly securities report: | November 11, 2021 |
Scheduled date to commence dividend payments: | ― |
Preparation of supplementary material on quarterly financial results: None | |
Holding of quarterly financial results briefing: | None |
(Amounts are rounded off to the nearest million yen.)
1. Consolidated financial results for the Six months ended September 30, 2021 (from April 1, 2021 to September 30, 2021)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-on-year changes.) | ||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||
owners of parent | |||||||||||||
Six months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||
September 30, 2021 | 1,754 | 105.8 | (728) | - | (778) | - | (792) | - | |||||
September 30, 2020 | 852 | (70.8) | (914) | - | (982) | - | (1,071) | - | |||||
Note: Comprehensive income | For the six months ended September 30, 2021: | ¥(792) million | [-%] | |||
For the six months ended September 30, 2020: | ¥(1,071) million | [-%] | ||||
Basic earnings | Diluted earnings | |||||
per share | per share | |||||
Six months ended | Yen | Yen | ||||
September 30, 2021 | (13.43) | - | ||||
September 30, 2020 | (19.86) | - | ||||
(2) Consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | |
As of | Millions of yen | Millions of yen | % |
September 30, 2021 | 7,637 | (1,577) | (20.7) |
March 31, 2021 | 4,997 | (784) | (15.8) |
Reference: Equity | |
As of September 30, 2021: | ¥(1,581) million |
As of March 31, 2021: | ¥(788) million |
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 | - | 0.00 | 0.00 | |
March 31, 2021 | ||||||
Fiscal year ending | - | 0.00 | ||||
March 31, 2022 | ||||||
Fiscal year ending | ||||||
March 31, 2022 | - | 0.00 | 0.00 | |||
(Forecast) | ||||||
Note: Revisions to the forecast of cash dividends most recently announced: None
3. Consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
Given the current situation regarding COVID-19 and the potential impact on the Group's business activities for the fiscal year ending March 31, 2022, it is difficult to reasonably estimate consolidated earnings forecasts at this time. As a result, the Group has made the decision to not disclose earnings forecasts at this time. An announcement will be made as soon as disclosure of earnings forecasts can be made.
* Notes
-
Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation):None
Newly included: - companies
Excluded: - companies - Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
- Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
- Changes in accounting policies due to other reasons: None
- Changes in accounting estimates: None
- Restatement: None
- Number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2021 | 59,018,889 shares |
As of March 31, 2021 | 59,018,889 shares |
(ii) Number of treasury shares at the end of the period
As of September 30, 2021 | 1,674 shares |
As of March 31, 2021 | 1,625 shares |
- Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended September 30, 2021 | 59,017,258 shares |
Three months ended June 30, 2020 | 53,925,768 shares |
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
-
Proper use of earnings forecasts, and other special matters
Given the current situation regarding COVID-19 and the potential impact on the Group's business activities for the fiscal year ending March 31, 2022, it is difficult to reasonably estimate consolidated earnings forecasts at this time. As a result, the Group has made the decision to not disclose earnings forecasts at this time. An announcement will be made as soon as disclosure of earnings forecasts can be made.
Quarterly Consolidated Financial Statements
1) Quarterly Consolidated Balance Sheets
(Thousands of yen) | ||
As of March 31, 2021 | As of September 30, 2021 | |
Assets | ||
Current assets | ||
Cash and deposits | 1,839,505 | 1,225,098 |
Notes and accounts receivable - trade | 334,446 | 359,287 |
Real estate for sale | 39,123 | 2,788,363 |
Raw materials and supplies | 22,337 | 16,765 |
Other | 279,556 | 430,488 |
Allowance for doubtful accounts | △255 | △138 |
Total current assets | 2,514,713 | 4,819,863 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 463,366 | 453,356 |
Land | 248,123 | 248,123 |
Other, net | 494,840 | 459,240 |
Total property, plant and equipment | 1,206,330 | 1,160,720 |
Intangible assets | ||
Other | 15,150 | 20,968 |
Total intangible assets | 15,150 | 20,968 |
Investments and other assets | ||
Investment securities | 17,009 | 211,859 |
Beneficial interests in real estate | 642,048 | 626,560 |
trust | ||
Leasehold and guarantee deposits | 582,243 | 755,086 |
Other | 20,232 | 42,220 |
Allowance for doubtful accounts | △872 | － |
Total investments and other assets | 1,260,660 | 1,635,724 |
Total non-current assets | 2,482,140 | 2,817,412 |
Total assets | 4,996,853 | 7,637,275 |
(Thousands of yen) | ||
As of March 31, 2021 | As of September 30, 2021 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 282 | 686 |
Short-term borrowings | 693,600 | 917,614 |
Current portion of long-term borrowings | 367,160 | 328,190 |
Income taxes payable | 22,062 | 8,478 |
Provision for shareholder benefit program | 6,400 | 29,400 |
Other | 783,053 | 662,037 |
Total current liabilities | 1,872,556 | 1,946,405 |
Non-current liabilities | ||
Convertible-bond-type bonds with share | 900,000 | 900,000 |
acquisition rights | ||
Long-term borrowings | 1,628,879 | 3,992,685 |
Subordinated capital loans | 950,000 | 950,000 |
Long-term deposits received | － | 1,030,000 |
Retirement benefit liability | 7,279 | 7,187 |
Asset retirement obligations | 165,628 | 166,372 |
Other | 256,944 | 221,516 |
Total non-current liabilities | 3,908,730 | 7,267,760 |
Total liabilities | 5,781,286 | 9,214,165 |
Net assets | ||
Shareholders' equity | ||
Share capital | 429,830 | 429,830 |
Capital surplus | 763,411 | 763,411 |
Retained earnings | △1,978,571 | △2,771,031 |
Treasury shares | △2,988 | △2,992 |
Total shareholders' equity | △788,318 | △1,580,782 |
Accumulated other comprehensive income | ||
Valuation difference on available-for- | 142 | 150 |
sale securities | ||
Total accumulated other comprehensive | 142 | 150 |
income | ||
Share acquisition rights | 3,742 | 3,742 |
Total net assets | △784,433 | △1,576,890 |
Total liabilities and net assets | 4,996,853 | 7,637,275 |
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