Disclaimer: This document is an English translation of the original document in Japanese and has been prepared solely for reference purposes. In the event of any discrepancy between this English translation and the original in Japanese, the original shall prevail in all respects.
Consolidated Financial Results
for the Fiscal Year Ended December 31 2021
[Japanese GAAP]
February 14, 2022
Company name: NJS Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Code number: 2325
URL: https://www.njs.co.jp/
Representative: Masaaki Murakami, President & Chief Executive Officer
Contact: Yasuhiko Kabaya, Director, Chief Administrative Officer
Phone: +81-3-6324-4355
Scheduled date of general shareholders' meeting: March 25, 2022
Scheduled date of commencing dividend payments: March 28, 2022
Scheduled date of filing securities report: March 29, 2022
Availability of supplementary explanatory materials on annual financial results: None
Schedule of annual 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 Fiscal Year Ended December 31, 2021 (January 1, 2021 - December
31, 2021) | |||||||||
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | ||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||
owners of parent | |||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |
December 31, 2021 | 19,315 | 1.9 | 2,758 | 11.7 | 2,859 | 14.0 | 1,929 | 13.3 | |
December 31, 2020 | 18,951 | 9.3 | 2,469 | 9.5 | 2,507 | 8.5 | 1,703 | 1.5 |
(Note) Comprehensive income: Fiscal year ended December 31, 2021: 1,891 million yen [13.5%] Fiscal year ended December 31, 2020: 1,666 million yen [(3.9)%]
Basic earnings | Diluted | Return on | Ratio of | Ratio of | ||
earnings | ordinary profit | operating profit | ||||
per share | equity | |||||
per share | to total assets | to net sales | ||||
Fiscal year ended | Yen | Yen | % | % | % | |
December 31, 2021 | 202.40 | - | 9.3 | 10.8 | 14.3 | |
December 31, 2020 | 178.67 | - | 8.6 | 9.8 | 13.0 |
(Reference) Equity in earnings of affiliated companies: | Fiscal year ended December 31, 2021: - million yen | ||||||||||||
Fiscal year ended December 31, 2020: - million yen | |||||||||||||
(2) Consolidated Financial Position | |||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||
Million yen | Million yen | % | Yen | ||||||||||
As of December 31, 2021 | 27,516 | 21,505 | 78.0 | 2,250.65 | |||||||||
As of December 31, 2020 | 25,667 | 20,157 | 78.5 | 2,112.60 | |||||||||
(Reference) Equity: As of | December 31, 2021: 21,455 million yen | ||||||||||||
As of December 31, 2020: 20,139 million yen | |||||||||||||
(3) Consolidated Cash Flows | |||||||||||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash | ||||||||||
operating activities | investing activities | financing activities | equivalents at year-end | ||||||||||
Fiscal year ended | Million yen | Million yen | Million yen | Million yen | |||||||||
December 31, 2021 | 227 | (551) | (556) | 13,460 | |||||||||
December 31, 2020 | 2,500 | (371) | (852) | 14,343 |
2. Dividends
Annual dividends | Total | Payout ratio | Ratio of | |||||||
dividends to | ||||||||||
1st | 2nd | 3rd | Year- | dividends | ||||||
Total | (consolidated) | net assets | ||||||||
quarter- | quarter- | quarter- | end | (annual) | ||||||
end | end | end | (consolidated) | |||||||
Fiscal year ended | Yen | Yen | Yen | Yen | Yen | Million yen | % | % | ||
- | 25.00 | - | 30.00 | 55.00 | 530 | 30.8 | 2.7 | |||
December 31, 2020 | ||||||||||
Fiscal year ended | - | 30.00 | - | 35.00 | 65.00 | 621 | 32.1 | 3.0 | ||
December 31, 2021 | ||||||||||
Fiscal year ending | - | 35.00 | - | 35.00 | 70.00 | - | ||||
December 31, 2022 | ||||||||||
(Forecast) |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2022 (January 1, 2022 - December 31, 2022)
(% indicates changes from the previous corresponding period.)
Profit attributable | Basic earnings | ||||||||
Net sales | Operating profit | Ordinary profit | to owners of | ||||||
per share | |||||||||
parent | |||||||||
First six months | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen |
- | - | - | - | - | - | - | - | - | |
Full year | 20,000 | 3.5 | 2,800 | 1.5 | 2,860 | 0.0 | 1,940 | 0.5 | 203.51 |
* Notes:
-
Changes in significant subsidiaries during the fiscal year under review: Yes (Changes in specified subsidiaries resulting in changes in scope of consolidation) Newly included: One (1) (Company name: FINDi Co., Ltd.)
Excluded: - (Company name: -) - Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: None
- Changes in accounting policies other than 1) above: None
- Changes in accounting estimates: None
- Retrospective restatement: None
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the year (including treasury shares):
December 31, 2021: | 10,048,000 shares |
December 31, 2020: | 10,048,000 shares |
2) Total number of treasury shares at the end of the year: | |
December 31, 2021: | 515,209 shares |
December 31, 2020: | 515,124 shares |
3) Average number of shares during the year: | |
Fiscal year ended December 31, 2021: | 9,532,833 shares |
Fiscal year ended December 31, 2020: | 9,531,673 shares |
(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended December 31, 2021 (January 1, 2021 -
December 31, 2021) | |||||||||||||||
(1) Non-consolidated Operating Results | (% indicates changes from the previous corresponding period.) | ||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit | ||||||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||||
December 31, 2021 | 17,459 | 18.9 | 2,626 | 15.5 | 2,709 | 16.4 | 1,827 | 15.3 | |||||||
December 31, 2020 | 14,683 | 7.3 | 2,273 | 3.4 | 2,327 | 3.6 | 1,584 | 3.0 | |||||||
Basic earnings | Diluted earnings | ||||||||||||||
per share | per share | ||||||||||||||
Fiscal year ended | Yen | Yen | |||||||||||||
December 31, 2021 | 191.74 | - | |||||||||||||
December 31, 2020 | 163.86 | - | |||||||||||||
(2) Non-consolidated Financial Position | |||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||||
Million yen | Million yen | % | Yen | ||||||||||||
As of December 31, 2021 | 26,651 | 20,892 | 78.4 | 2,191.61 | |||||||||||
As of December 31, 2020 | 24,853 | 19,708 | 79.3 | 2,067.43 |
(Reference) Equity: As of December 31, 2021: 20,892 million yen As of December 31, 2020: 19,708 million yen
- These financial results are outside the scope of audit by certified public accountants or an audit firm.
- Explanation of the proper use of financial results forecast and other notes
Forward-looking statements, such as performance forecasts, made in this document are based on information currently available to the Company and certain assumptions deemed reasonable, and the Company does not in any way guarantee the achievement of the projections. Actual results, etc., may differ significantly due to various factors. For the assumptions for financial results forecast, etc., please refer to "(4) Future Outlook" under "1. Overview of Operating Results, etc." on page 4 of the attached document.
Table of Contents - Attachments | ||
1. Overview of Operating Results, etc. .................................................................................................... 2 | ||
(1) | Overview of Operating Results for the Fiscal Year under Review | .................................................. 2 |
(2) | Overview of Financial Position for the Fiscal Year under Review | ................................................. 3 |
(3) | Overview of Cash Flows for the Fiscal Year under Review ............................................................ | 3 |
(4) | Future Outlook ................................................................................................................................ | 4 |
2. Basic Policy on Selection of Accounting Standards ............................................................................ | 4 | |
3. Consolidated Financial Statements and Principal Notes ..................................................................... | 5 | |
(1) | Consolidated Balance Sheet ............................................................................................................ | 5 |
(2) | Consolidated Statements of Income and Comprehensive Income .................................................. | 7 |
(3) | Consolidated Statements of Changes in Equity ............................................................................ | 10 |
(4) | Consolidated Statement of Cash Flows ......................................................................................... | 12 |
(5) | Notes to Consolidated Financial Statements ................................................................................. | 13 |
(Notes on going concern assumption) ........................................................................................ | 13 | |
(Additional information) .......................................................................................................... | 13 | |
(Segment information, etc.) ...................................................................................................... | 14 | |
(Per share information) ............................................................................................................. | 18 | |
(Significant subsequent events) ................................................................................................ | 18 |
1
1. Overview of Operating Results, etc.
(1) Overview of Operating Results for the Fiscal Year under Review
During the fiscal year under review (the year ended December 31, 2021), the world economy and the Japanese economy continued to be unstable due to the spread of COVID-19, with economic activity at a standstill, supply chains disrupted, and inflation pressures increasing. Meanwhile, progress was seen in terms of sharing a sense of crisis regarding climate change and making efforts toward carbon neutrality, including an agreement reached at COP26 in the United Kingdom to limit the rise in global average temperatures to 1.5 degrees Celsius.
In the water supply and sewerage field, torrential rains in Shizuoka and Kanagawa Prefectures triggered a major landslide in Atami City in July. Then in October, a water supply bridge suddenly collapsed in Wakayama Prefecture. This reiterated the importance of preparing for natural disasters caused by climate change and managing aging infrastructure.
Risks that threaten safety and health, such as the spread of COVID-19 and the escalation of climate change, are increasing. Along with measures against the spread of COVID-19, global warming, and natural disasters, the importance of life-support infrastructure such as water supply and sewerage is increasing. Enhanced functionality and efficient management are necessary, in addition to measures that address intensifying natural disasters and work toward a decarbonized society.
NJS Co., Ltd. ("the Company") and its subsidiaries (collectively, "the Group") formed the "NJS Group PLAN 2030: Strategies for the Era of Carbon-Neutral," whose purpose is to "Pass healthy water and environment to future generations." Based on the principle of making water and an environment that protect the health and safety of the next generations, this plan strives to create a decarbonized era, increase corporate value, and achieve growth. The Group will develop a consulting business for this new era, as well as create a wide range of technologies and services beyond consulting.
As a result, in the fiscal year under review, on a consolidated basis, the Group posted consolidated orders received of 18,185 million yen (down 3.4% year on year) and net sales of 19,315 million yen (up 1.9% year on year).
With regard to ,profits the Group had strived for active investment in technological development and efforts to increase productivity, then posted operating profit of 2,758 million yen (up 11.7% year on year), ordinary profit of 2,859 million yen (up 14.0% year on year), and profit attributable to owners of parent of 1,929 million yen (up 13.3% year on year) that marked the highest at an all time.
Operating results by segment are as described below
[Japan]
In Japan, we worked mainly on exanimating and planning to rebuild infrastructure, prevention, mitigation, and resilience against intensifying natural disasters, streamlining inspections of infrastructure, and operations to promote public-private partnership projects.
As a result, orders received were 16,612 million yen (down 3.9% year on year), net sales were 16,156 million yen (up 4.9% year on year), and operating profit was 2,483 million yen (down 4.4% year on year).
[Overseas]
In overseas operations, we pursued water infrastructure projects in emerging countries in Asia, the Middle East, Africa, and elsewhere.
As a result, orders received were 1,573 million yen (up 2.4% year on year), net sales were 2,932 million yen (down 12.4% year on year), and operating profit was 181 million yen (operating loss of 205 million yen in the previous fiscal year).
2
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NJS Co. Ltd. published this content on 07 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2022 07:08:10 UTC.