Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Consolidated Financial Results for the Year Ended March 31, 2022
[Japanese GAAP]
Company name: EIKEN CHEMICAL CO.,LTD. Stock exchange listing: Tokyo
Code number: 4549
URL:https://www.eiken.co.jpRepresentative: Tsugunori Notomi Contact: Hajime Watari
Phone: 03-5846-3379
President & CEO
Senior Vice President & Executive OfficerScheduled date of Annual General Meeting of Shareholders: June 21, 2022 Scheduled date of commencing dividend payments: June 06, 2022 Scheduled date of filing annual securities report: June 22, 2022
Availability of supplementary briefing material on annual financial results: Yes Schedule of annual financial results briefing session: Yes
(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 01, 2021 to March 31, 2022)
(1) Consolidated Operating Results
April 28, 2022
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | |||||
Fiscal year ended March 31, 2022 March 31, 2021 | Million yen 42,996 38,667 | % 11.2 5.7 | Million yen 8,387 6,612 | % 26.8 43.0 | Million yen 8,508 6,808 | % 25.0 44.1 | Million yen 6,218 5,044 | % 23.3 42.5 |
(Note) Comprehensive income:
Fiscal year ended March 31, 2022:
Fiscal year ended March 31, 2021:
¥ ¥
6,290 million 5,507 million
[ 14.2%]
[ 65.0%]
Basic earnings per share
Diluted earnings per share
Rate of return on equity
Ordinary profit to total assets ratio
Operating profit to net sales ratio
Fiscal year ended
March 31, 2022 March 31, 2021
Yen 168.28 136.65
Yen 167.01 135.60
% 14.3 12.9
% 14.4 12.8
% 19.5 17.1
(Reference) Equity in earnings (losses) of affiliated companies:
(2) Consolidated Financial PositionFiscal year ended March 31, 2022:
Fiscal year ended March 31, 2021:
Operating profit to
¥ ¥
- million - million
Total assets | Net assets | Capital adequacy ratio | Net assets per share | |
As of March 31, 2022 March 31, 2021 | Million yen 62,512 55,685 | Million yen 45,803 41,672 | % 72.8 74.3 | Yen 1,230.55 1,120.36 |
(Reference) Equity: | As of | March 31, 2022: | ¥ | 45,486 million |
As of | March 31, 2021: | ¥ | 41,375 million |
(3) Consolidated Cash Flows
Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Cash and cash equivalents at the end of period | |
Fiscal year ended March 31, 2022 March 31, 2021 | Million yen 7,769 5,451 | Million yen (5,044) (2,193) | Million yen 1,200 (1,275) | Million yen 10,900 6,968 |
2. Dividends
Annual dividends | Total dividends | Payout ratio (consolidated) | Dividends to net assets (consolidated) | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Year-end | Total | ||||
Fiscal year ended March 31, 2021 March 31, 2022 | Yen - - | Yen 15.00 20.00 | Yen - - | Yen 26.00 31.00 | Yen 41.00 51.00 | Million yen 1,514 1,885 | % 30.0 30.3 | % 3.9 4.3 |
Fiscal year ending March 31, 2023 (Forecast) | - | 17.00 | - | 18.00 | 35.00 | 35.8 |
(Note) Breakdown of the year-end dividend for the fiscal year ended March 31, 2022 :
Commemorative dividend Special dividend
- Yen - Yen
(Note) With regard to the year-end dividend for the fiscal year ending March 2022, we have increased the dividend from the latest dividend forecast 21 yen to 31 yen per share.
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 01, 2022 to March 31, 2023)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Six months ended September 30, 2022 Full year | Million yen 20,100 40,000 | % (5.8) (7.0) | Million yen 2,820 4,540 | % (41.6) (45.9) | Million yen 2,840 4,570 | % (42.0) (46.3) | Million yen 2,180 3,610 | % (40.5) (42.0) | Yen 59.01 97.66 |
* Notes:
(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in scope of consolidation): No
New - (Company name: Exclusion: - (Company name:
) )
(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards:Yes
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No
4) Retrospective restatement: No
(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):March 31, 2022:
March 31, 2021:
43,541,438 shares 43,541,438 shares
2) Total number of treasury shares at the end of the period:March 31, 2022:
March 31, 2021:
6,576,861 shares 6,611,071 shares
3) Average number of shares during the period:
Fiscal Year ended March 31, 2022:
Fiscal Year ended March 31, 2021:
36,955,394 shares 36,917,766 shares
(Reference) Summary of Non-consolidated Financial Results
Net sales | Operating profit | Ordinary profit | Net income | |||||
Fiscal year ended March 31, 2022 March 31, 2021 | Million yen 42,915 38,610 | % 11.1 5.6 | Million yen 8,446 6,674 | % 26.6 44.5 | Million yen 8,515 6,833 | % 24.6 45.3 | Million yen 6,231 5,070 | % 22.9 44.1 |
Basic earnings per share | Diluted earnings per share | |
Fiscal year ended March 31, 2022 March 31, 2021 | Yen 168.62 137.35 | Yen 167.34 136.30 |
Total assets | Net assets | Capital adequacy ratio | Net assets per share | |
As of March 31, 2022 March 31, 2021 | Million yen 62,469 55,696 | Million yen 45,755 41,679 | % 72.7 74.3 | Yen 1,229.25 1,120.56 |
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 01, 2021 to March 31, 2022) (1) Non-consolidated Operating Results
(% indicates changes from the previous corresponding period.) | ||||
(Reference) Equity: | As of | March 31, 2022: | ¥ | 45,438 million |
As of | March 31, 2021: | ¥ | 41,382 million |
(2) Non-consolidated Financial Position
Consolidated Financial Statements Non-consolidated Financial Statements Non-consolidated Balance Sheets
(Million yen)As of March 31,2021
As of March 31,2022
Assets | ||
Current assets | ||
Cash and deposits | 8,827 | 15,741 |
Notes receivable - trade | 433 | 504 |
Accounts receivable - trade | 11,861 | 11,447 |
Lease receivables | 14 | 12 |
Investments in leases | 290 | 323 |
Securities | 80 | - |
Merchandise and finished goods | 4,461 | 4,654 |
Work in process | 1,621 | 1,709 |
Raw materials and supplies | 1,632 | 1,789 |
Prepaid expenses | 166 | 165 |
Other | 213 | 226 |
Allowance for doubtful accounts | (4) | (4) |
Total current assets | 29,598 | 36,569 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings | 17,560 | 17,718 |
Accumulated depreciation | (10,596) | (11,045) |
Buildings, net | 6,964 | 6,672 |
Structures | 1,456 | 1,468 |
Accumulated depreciation | (682) | (755) |
Structures, net | 773 | 712 |
Machinery and equipment | 6,092 | 6,529 |
Accumulated depreciation | (4,882) | (5,111) |
Machinery and equipment, net | 1,209 | 1,418 |
Vehicles | 37 | 44 |
Accumulated depreciation | (28) | (32) |
Vehicles, net | 9 | 12 |
Tools, furniture and fixtures | 4,435 | 4,539 |
Accumulated depreciation | (3,460) | (3,858) |
Tools, furniture and fixtures, net | 975 | 681 |
Land | 1,931 | 1,931 |
Leased assets | 349 | 294 |
Accumulated depreciation | (201) | (191) |
Leased assets, net | 147 | 102 |
Construction in progress | 345 | 3,302 |
Total property, plant and equipment | 12,356 | 14,834 |
Intangible assets | ||
Patent right | 2 | 1 |
Software | 587 | 1,137 |
Other | 693 | 25 |
Total intangible assets | 1,283 | 1,164 |
(Million yen)As of March 31,2021
As of March 31,2022
Investments and other assets | ||
Investment securities | 3,410 | 3,614 |
Investments in capital | 0 | 0 |
Investments in capital of subsidiaries and associates | 1,316 | 1,316 |
Distressed receivables | 10 | 10 |
Long-term prepaid expenses | 110 | 84 |
Long-term time deposits | 4,900 | 1,900 |
Life insurance funds | 167 | 167 |
Prepaid pension costs | 969 | 1,138 |
Deferred tax assets | 642 | 694 |
Investments in leases | 691 | 750 |
Other | 252 | 237 |
Allowance for doubtful accounts | (14) | (14) |
Total investments and other assets | 12,456 | 9,901 |
Total non-current assets | 26,097 | 25,899 |
Total assets | 55,696 | 62,469 |
Liabilities | ||
Current liabilities | ||
Notes payable - trade | 3 | - |
Accounts payable - trade | 4,073 | 4,534 |
Electronically recorded obligations - operating | 2,636 | 2,961 |
Lease liabilities | 377 | 392 |
Accounts payable - other | 2,356 | 1,387 |
Accrued expenses | 243 | 261 |
Income taxes payable | 1,373 | 1,305 |
Refund liabilities | - | 467 |
Contract liabilities | - | 114 |
Advances received | 52 | - |
Deposits received | 81 | 112 |
Provision for bonuses | 763 | 776 |
Provision for sales returns | 8 | - |
Other | 808 | 222 |
Total current liabilities | 12,776 | 12,538 |
Non-current liabilities | ||
Bonds payable | - | 3,000 |
Lease liabilities | 782 | 798 |
Asset retirement obligations | 33 | 34 |
Other | 423 | 342 |
Total non-current liabilities | 1,239 | 4,175 |
Total liabilities | 14,016 | 16,713 |
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EIKEN Chemical Co. Ltd. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 11:09:49 UTC.