Note: This document has been translated from a part of 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.
May 14, 2021
Summary of Consolidated Financial Results | |
for the Year Ended March 31, 2021 | |
(under Japanese GAAP) | |
Company name: TAKARA STANDARD CO., LTD. | |
Stock listing: | First Section of the Tokyo Stock Exchange |
Stock code: | 7981 |
URL: | https://www.takara-standard.co.jp/ |
Representative: | Takeo Watanabe, President |
Inquiries: | Kaoru Umeda, Executive Officer and General Manager of Accounting Department, |
Administration Division | |
URL: https://forms.takara-standard.co.jp/webapp/form/22048_aqgb_6/index.do |
Scheduled date of Annual General Meeting of Shareholders: June 29, 2021
Scheduled date to commence dividend payments: June 30, 2021
Scheduled date to file annual securities report: June 29, 2021
Preparation of supplementary material on financial results: None
Holding of financial results presentation meeting: None
(Million yen with fractional amounts discarded, unless otherwise noted)
1. Consolidated financial results for the fiscal year ended March 31, 2021 (from April 1, 2020 to March 31, 2021)
(1) | Consolidated operating results | (Percentages indicate year-on-year changes.) | |||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||||||||
owners of parent | |||||||||||||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||||||||
March 31, 2021 | 192,172 | (4.6) | 10,961 | (13.2) | 11,392 | (13.1) | 7,588 | (12.2) | |||||||||||
March 31, 2020 | 201,521 | 4.3 | 12,631 | 7.0 | 13,109 | 7.1 | 8,647 | 3.9 | |||||||||||
Note: | Comprehensive income | ||||||||||||||||||
Fiscal year ended March 31, 2021: ¥11,056 million [55.3%] | |||||||||||||||||||
Fiscal year ended March 31, 2020: ¥7,117 million [4.7%] |
Basic earnings | Diluted earnings | Return on equity | Ordinary profit | Operating profit | ||||||||
per share | per share | on total assets | on net sales | |||||||||
Fiscal year ended | Yen | Yen | % | % | % | |||||||
March 31, 2021 | 103.76 | - | 4.4 | 4.4 | 5.7 | |||||||
March 31, 2020 | 118.24 | - | 5.3 | 5.2 | 6.3 | |||||||
Reference: Equity in earnings (losses) of associates | |
Fiscal year ended March 31, 2021: ¥- million | Fiscal year ended March 31, 2020: ¥- million |
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |||||||
As of | Million yen | Million yen | % | Yen | ||||||
March 31, 2021 | 258,652 | 175,310 | 67.8 | 2,396.98 | ||||||
March 31, 2020 | 256,569 | 166,741 | 65.0 | 2,279.81 | ||||||
Reference: Equity | ||||||||||
As of March 31, 2021: ¥175,310 million | As of March 31, 2020: ¥166,741 million |
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(3) Consolidated cash flows
Cash flows from | Cash flows from | Cash flows from | Cash and cash | |||||||
equivalents at end of | ||||||||||
operating activities | investing activities | financing activities | ||||||||
period | ||||||||||
Fiscal year ended | Million yen | Million yen | Million yen | Million yen | ||||||
March 31, 2021 | 7,953 | (5,380) | (2,486) | 74,719 | ||||||
March 31, 2020 | 17,061 | (5,021) | (2,412) | 74,633 | ||||||
2. Dividends
Annual dividends | Total dividend | Dividend | Dividend | |||||||
payout ratio | on equity | |||||||||
First | Second | Third | Fiscal | |||||||
payments | (Consolidated) (Consolidated) | |||||||||
quarter-end | quarter-endquarter-end | year-end | Total | |||||||
Yen | Yen | Yen | Yen | Yen | Million yen | % | % | |||
Fiscal year ended | - | 17.00 | - | 17.00 | 34.00 | 2,486 | 28.8 | 1.5 | ||
March 31, 2020 | ||||||||||
Fiscal year ended | - | 17.00 | - | 17.00 | 34.00 | 2,486 | 32.8 | 1.5 | ||
March 31, 2021 | ||||||||||
Fiscal year ending | 20.00 | 20.00 | 40.00 | |||||||
March 31, 2022 | - | - | 37.5 | |||||||
(Forecasts) | ||||||||||
3. Consolidated earnings forecasts for the fiscal year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | ||||||||||||||||
owners of parent | per share | |||||||||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | ||||||||||||
Six months ending | 92,000 | 2.3 | 4,600 | 27.6 | 4,800 | 24.5 | 3,100 | 23.3 | 42.39 | |||||||||||
September 30, 2021 | ||||||||||||||||||||
Full year | 194,300 | 1.6 | 11,600 | 5.8 | 12,000 | 5.3 | 7,800 | 2.8 | 106.65 | |||||||||||
(Note) From the beginning of the fiscal year ending March 31, 2022, in order to apply "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29) and related standards, the consolidated earnings forecasts stated above are the amounts after the application of said accounting standards, and the year-on-year changes presented are calculated assuming that the said accounting standards were applied in the fiscal year ended March 31, 2021.
* Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
- Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements after error corrections
- Changes in accounting policies due to revisions to accounting standards and other regulations: None
- Changes in accounting policies due to other reasons: None
- Changes in accounting estimates: None
- Restatement of prior period financial statements after error corrections: None
- Number of issued shares (common stock)
- Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2021 | 73,937,194 shares |
As of March 31, 2020 | 73,937,194 shares |
- Number of treasury shares at the end of the period
As of March 31, 2021 | 799,397 shares | |
As of March 31, 2020 | 798,868 shares | |
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- Average number of outstanding shares during the period
Fiscal year ended March 31, 2021 | 73,138,076 shares |
Fiscal year ended March 31, 2020 | 73,138,414 shares |
- Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
-
Proper use of earnings forecasts, and other special matters
Forward-looking statements provided in this document, including earnings forecasts, are based on the information currently available to the Company and certain assumptions considered reasonable. Such statements are included without any guarantee as to their future achievement. Actual business and other results may differ materially from the forecasts depending on various factors.
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Consolidated Financial Statements
(1) Consolidated balance sheets
(Millions of yen) | ||||||||
As of March 31, 2020 | As of March 31, 2021 | |||||||
Assets | ||||||||
Current assets | ||||||||
Cash and deposits | 74,633 | 74,719 | ||||||
Notes and accounts receivable - trade | 50,010 | 39,405 | ||||||
Electronically recorded monetary claims - | 9,182 | 19,308 | ||||||
operating | ||||||||
Merchandise and finished goods | 9,154 | 8,744 | ||||||
Work in process | 2,041 | 2,730 | ||||||
Raw materials and supplies | 3,912 | 3,632 | ||||||
Other | 268 | 261 | ||||||
Allowance for doubtful accounts | (17) | (16) | ||||||
Total current assets | 149,186 | 148,785 | ||||||
Non-current assets | ||||||||
Property, plant and equipment | ||||||||
Buildings and structures | 91,973 | 92,405 | ||||||
Accumulated depreciation | (65,103) | (66,221) | ||||||
Buildings and structures, net | 26,869 | 26,184 | ||||||
Machinery, equipment and vehicles | 44,567 | 45,383 | ||||||
Accumulated depreciation | (35,651) | (36,366) | ||||||
Machinery, equipment and vehicles, net | 8,916 | 9,016 | ||||||
Tools, furniture and fixtures | 28,447 | 28,732 | ||||||
Accumulated depreciation | (21,087) | (20,934) | ||||||
Tools, furniture and fixtures, net | 7,359 | 7,798 | ||||||
Land | 40,260 | 39,558 | ||||||
Construction in progress | 929 | 683 | ||||||
Total property, plant and equipment | 84,335 | 83,240 | ||||||
Intangible assets | 1,797 | 1,937 | ||||||
Investments and other assets | ||||||||
Investment securities | 12,078 | 16,816 | ||||||
Long-term loans receivable | 9 | 312 | ||||||
Deferred tax assets | 6,751 | 5,144 | ||||||
Other | 2,431 | 2,434 | ||||||
Allowance for doubtful accounts | (22) | (19) | ||||||
Total investments and other assets | 21,249 | 24,688 | ||||||
Total non-current assets | 107,382 | 109,867 | ||||||
Total assets | 256,569 | 258,652 |
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(Millions of yen) | ||||||||
As of March 31, 2020 | As of March 31, 2021 | |||||||
Liabilities | ||||||||
Current liabilities | ||||||||
Notes and accounts payable - trade | 21,274 | 17,116 | ||||||
Electronically recorded obligations - operating | 16,935 | 20,620 | ||||||
Short-term borrowings | 9,700 | 9,700 | ||||||
Income taxes payable | 2,758 | 1,542 | ||||||
Other | 14,045 | 13,979 | ||||||
Total current liabilities | 64,713 | 62,958 | ||||||
Non-current liabilities | ||||||||
Deferred tax liabilities for land revaluation | 1,590 | 1,569 | ||||||
Retirement benefit liability | 23,196 | 18,524 | ||||||
Other | 327 | 290 | ||||||
Total non-current liabilities | 25,114 | 20,384 | ||||||
Total liabilities | 89,828 | 83,342 | ||||||
Net assets | ||||||||
Shareholders' equity | ||||||||
Share capital | 26,356 | 26,356 | ||||||
Capital surplus | 30,736 | 30,736 | ||||||
Retained earnings | 109,310 | 114,296 | ||||||
Treasury shares | (933) | (934) | ||||||
Total shareholders' equity | 165,469 | 170,455 | ||||||
Accumulated other comprehensive income | ||||||||
Valuation difference on available-for-sale | 3,882 | 7,173 | ||||||
securities | ||||||||
Deferred gains or losses on hedges | (8) | (3) | ||||||
Revaluation reserve for land | 497 | 613 | ||||||
Remeasurements of defined benefit plans | (3,099) | (2,928) | ||||||
Total accumulated other comprehensive income | 1,271 | 4,854 | ||||||
Total net assets | 166,741 | 175,310 | ||||||
Total liabilities and net assets | 256,569 | 258,652 |
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