Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results for the Six Months Ended March 31, 2022 (Based on Japanese GAAP)
May 13, 2022
Company name: | Advance Create Co., Ltd. | |
Stock exchange listing: | Tokyo | |
Stock code: | 8798 | URL https://www.advancecreate.co.jp/ |
Representative: | President | Yoshiharu Hamada |
Inquiries: | Officer, General Manager of Corporate | Akira Iwai | TEL 06-6204-1193 |
Planning Division | |||
Scheduled date to file Quarterly Securities Report: | May 13, 2022 | ||
Scheduled date to commence dividend payments: | June 1, 2022 | ||
Preparation of supplementary material on quarterly financial results: | Yes | ||
Holding of quarterly financial results meeting (Japanese only): | Yes | (for institutional investors) |
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended March 31, 2022 (from October 1, 2021 to March 31, 2022)
(1) Consolidated operating results (cumulative) | Percentages indicate year-on-year changes | ||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||
owners of parent | |||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||
Six months ended March 31, 2022 | 5,926 | 2.6 | 1,222 | 0.1 | 1,190 | 2.2 | 770 | 1.5 | |||
Six months ended March 31, 2021 | 5,778 | 3.6 | 1,221 | 42.5 | 1,164 | 41.7 | 759 | 37.4 | |||
Earnings per share | Diluted earnings per share | ||||||||||
Yen | Yen | ||||||||||
Six months ended March 31, 2022 | 35.19 | - | |||||||||
Six months ended March 31, 2021 | 35.28 | 35.20 | |||||||||
(Note) The Company conducted a 2-for-1 stock split of its common shares on April 1, 2021. Earnings per share for the first quarter and diluted earnings per share for the first quarter have been calculated based on the assumption that the stock split was carried out at the beginning of the previous fiscal year.
(2) Consolidated financial position | |||||||||
Total assets | Net assets | Equity ratio | |||||||
Millions of yen | Millions of yen | % | |||||||
As of March 31, 2022 | 11,960 | 6,906 | 57.7 | ||||||
As of September 30, 2021 | 11,808 | 6,723 | 56.9 | ||||||
2. Cash dividends | |||||||||
Annual dividends per share | |||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |||||
Yen | Yen | Yen | Yen | Yen | |||||
Year ended September 30, 2021 | - | 30.00 | - | 15.00 | - | ||||
Year ending September 30, 2022 | - | 15.00 | |||||||
Year ending September 30, 2022 | - | 15.00 | 30.00 | ||||||
(Forecast) | |||||||||
(Note) Revision of dividend forecast to the latest announcement: No
The Company conducted a 2-for-1 stock split of its common shares on April 1, 2021. The amounts stated for dividends for the first six months of the fiscal year ended September 30, 2021 and for prior periods are stated at the actual amount paid per share based on the number of shares before the stock split. Without factoring in the stock split, the year-end dividend for the fiscal year ended September 30, 2021 would have been ¥30.00 and the annual dividend per share would have been ¥60.00. Furthermore, the total dividend amount for the fiscal year is presented as "-" as simple addition is not appropriate.
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3. Forecast of consolidated financial results for the year ending September 30, 2022 (from October 1, 2021 to September 30, 2022)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | |||||||
owners of parent | |||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |||
Full year | 12,500 | 13.4 | 2,300 | 12.7 | 2,200 | 14.2 | 1,450 | 11.9 | 66.29 | ||
4. Notes | |||||||||||
(1) Changes in significant subsidiaries during the six months ended March 31, 2022 | No | ||||||||||
(changes in specified subsidiaries resulting in the change in scope of consolidation): | |||||||||||
(2) Application of special accounting methods for preparing quarterly consolidated financial statements: | No | ||||||||||
(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements | |||||||||||
Changes in accounting policies due to revisions to accounting standards and other regulations: | Yes | ||||||||||
Changes in accounting policies due to other reasons: | No | ||||||||||
Changes in accounting estimates: | No | ||||||||||
Restatement of prior period financial statements: | No |
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2022 | 22,557,200 | shares | As of September 30, 2021 | 22,557,200 | shares | |
Number of treasury shares at the end of the period | ||||||
As of March 31, 2022 | 714,978 | shares | As of September 30, 2021 | 556,878 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Six months ended March 31, 2022 | 21,901,032 | shares | Six months ended March 31, 2021 | 21,526,310 | shares |
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Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen) | |||
As of September 30, 2021 | As of March 31, 2022 | ||
Assets | |||
Current assets | |||
Cash and deposits | 3,337,578 | 2,258,617 | |
Notes and accounts receivable - trade | 1,406,935 | 2,085,715 | |
Accounts receivable - other | 2,456,697 | 2,146,675 | |
Other | 767,405 | 1,054,357 | |
Total current assets | 7,968,616 | 7,545,366 | |
Non-current assets | |||
Property, plant and equipment | 581,376 | 956,296 | |
Intangible assets | |||
Software | 697,685 | 784,395 | |
Other | 95,215 | 111,507 | |
Total intangible assets | 792,901 | 895,903 | |
Investments and other assets | |||
Investment securities | 328,571 | 221,514 | |
Guarantee deposits | 614,976 | 666,815 | |
Insurance funds | 740,584 | 740,584 | |
Deferred tax assets | 316,761 | 346,890 | |
Other | 446,648 | 572,609 | |
Total investments and other assets | 2,447,542 | 2,548,414 | |
Total non-current assets | 3,821,820 | 4,400,613 | |
Deferred assets | 17,950 | 14,581 | |
Total assets | 11,808,387 | 11,960,561 | |
Liabilities | |||
Current liabilities | |||
Current portion of bonds payable | 200,000 | 200,000 | |
Income taxes payable | 531,564 | 375,450 | |
Accounts payable - other | 1,144,394 | 960,113 | |
Deposits received | 464,141 | 402,010 | |
Lease obligations | 83,219 | 107,172 | |
Provision for bonuses | 180,663 | 169,558 | |
Asset retirement obligations | 8,099 | - | |
Other | 655,125 | 546,279 | |
Total current liabilities | 3,267,207 | 2,760,584 | |
Non-current liabilities | |||
Long-term borrowings | 86,020 | 282,320 | |
Bonds payable | 600,000 | 500,000 | |
Lease obligations | 375,093 | 634,305 | |
Retirement benefit liability | 392,700 | 402,004 | |
Asset retirement obligations | 206,711 | 285,700 | |
Other | 157,413 | 189,248 | |
Total non-current liabilities | 1,817,940 | 2,293,579 | |
Total liabilities | 5,085,148 | 5,054,164 | |
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(Thousands of yen) | |||
As of September 30, 2021 | As of March 31, 2022 | ||
Net assets | |||
Shareholders' equity | |||
Share capital | 3,158,703 | 3,158,703 | |
Capital surplus | 585,325 | 585,325 | |
Retained earnings | 3,272,846 | 3,705,345 | |
Treasury shares | (404,293) | (578,365) | |
Total shareholders' equity | 6,612,582 | 6,871,009 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 110,656 | 35,388 | |
Total accumulated other comprehensive income | 110,656 | 35,388 | |
Total net assets | 6,723,239 | 6,906,397 | |
Total liabilities and net assets | 11,808,387 | 11,960,561 | |
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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen) | |||
Six months ended | Six months ended | ||
March 31, 2021 | March 31, 2022 | ||
Net sales | 5,778,166 | 5,926,708 | |
Cost of sales | 1,313,441 | 1,217,392 | |
Gross profit | 4,464,725 | 4,709,316 | |
Selling, general and administrative expenses | 3,243,276 | 3,486,360 | |
Operating profit | 1,221,448 | 1,222,955 | |
Non-operating income | |||
Interest and dividend income | 2,421 | 1,735 | |
Gain on forfeiture of unclaimed dividends | 414 | 446 | |
Guarantee commission received | 4,090 | 4,554 | |
Gain on sales of gold bullion | - | 18,658 | |
Foreign exchange gains | - | 18,022 | |
Other | 1,922 | 2,676 | |
Total non-operating income | 8,847 | 46,093 | |
Non-operating expenses | |||
Interest expenses | 5,387 | 6,372 | |
Guarantee commission | 708 | 543 | |
Commission expenses | 56,187 | 68,487 | |
Other | 3,541 | 3,435 | |
Total non-operating expenses | 65,825 | 78,839 | |
Ordinary profit | 1,164,470 | 1,190,210 | |
Extraordinary losses | |||
Loss on store closings | 15,793 | - | |
Loss on retirement of non-current assets | 3,224 | 1,929 | |
Loss on termination of ESOP trust | - | 10,925 | |
Total extraordinary losses | 19,018 | 12,854 | |
Profit before income taxes | 1,145,451 | 1,177,355 | |
Income taxes - current | 390,106 | 400,192 | |
Income taxes - deferred | (4,102) | 6,343 | |
Total income taxes | 386,003 | 406,536 | |
Profit | 759,448 | 770,819 | |
Profit attributable to owners of parent | 759,448 | 770,819 | |
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Advance Create Co. Ltd. published this content on 14 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 July 2022 09:13:07 UTC.