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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.
MARUMAE CO., LTD.
Q3 FY2021 Financial Results Summary
June 30, 2021
TECHNOLOGY FOR THE FUTURE
Vacuum components manufacturer for semiconductor and FPD production equipment
Marumae Co., Ltd. All Rights Reserved
1. Overview of Financial Results
P/L Analysis
P/L | Fiscal Year Ended | Fiscal Year Ending | ||||
Aug 2020 | Aug 2021 | |||||
Nine-month period | Nine-month period | |||||
Amount | Ratio | Amount | Ratio | YoY change ratio | ||
(million yen) | (%) | (million yen) | (%) | (%) | ||
Orders received | 3,272 | ー | 4,273 | ー | 30.6 | |
Balance of the | 903 | ー | 1,538 | ー | 70.3 | |
orders received | ||||||
Net sales | 3,182 | 100.0 | 3,615 | 100.0 | 13.6 | |
Cost of sales | 2,191 | 68.9 | 2,406 | 66.5 | 9.8 | |
Gross profit | 990 | 31.1 | 1,209 | 33.5 | 22.1 | |
Selling and | 361 | 11.4 | 433 | 12.0 | 19.8 | |
administrative | ||||||
expenses | ||||||
Operating profit | 629 | 19.8 | 776 | 21.5 | 23.4 | |
Ordinary profit | 600 | 18.9 | 772 | 21.4 | 28.7 | |
Extraordinary | 109 | 3.4 | 18 | 0.5 | (82.8) | |
loss (income) | ||||||
Profit | 493 | 15.5 | 556 | 15.4 | 12.7 | |
EPS (yen) | 37.97 | ー | 43.43 | ー | 14.4 | |
Marumae Co., Ltd. All Rights Reserved | -2- |
Point
1. Status of orders received
Semiconductor sector: 3,321 million yen (32.1% YoY increase)
FPD sector: 777 million yen (4.7% YoY increase)
Other sectors: 174 million yen (972.4% YoY increase)
2. Net sales
13.6% YoY increase
*The details for each sector are listed on the next page.
3. Cost of sales and gross profit
Material cost: 17 million yen increase (3.3% YoY increase)
Outsourcing expenses: 84 million yen increase (22.9% YoY increase)
Labor costs: 107 million yen increase (15.9% YoY increase)
Depreciation: 59 million yen increase (16.4% YoY increase)
4. Operating profit and selling and administrative expenses
Personnel expenses: 44 million yen increase
Fee expenses: 20 million yen increase (unplanned)
1. Overview of Financial Results
Trend of Quarterly Business Results
(Unit: | Sales/cutting (semiconductor) | Sales/cutting (FPD) | Sales/cutting (other) | Fiscal Year | ||||||||
Other sales | Gross profit | Operating profit | Ending | |||||||||
million yen) | ||||||||||||
Ordinary profit | Profit | August 2021 | 58 | |||||||||
1,200 | ||||||||||||
273 | 175 | |||||||||||
293 | 277 | 76 | ||||||||||
251 | ||||||||||||
244 | 111 | |||||||||||
1,000 | 276 | 164 | 1,050 | |||||||||
198 | 977 | |||||||||||
944 | ||||||||||||
907 | 263 | 904 | 893 | |||||||||
871 | 111 | 884 | ||||||||||
800 | 831 | |||||||||||
102 | ||||||||||||
771 | 766 | |||||||||||
600 | 707 | |||||||||||
648 | 499 | |||||||||||
400 | 352 | |||||||||||
350 | ||||||||||||
261 | ||||||||||||
200 | ||||||||||||
0 | ||||||||||||
3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q |
FY2018 | FY2019 | FY2020 | FY2021 | |||||||||
Point 1. Record sales for semiconductor, and sales recovery in FPD | Other sectors: 153 million yen (800.1% YoY increase) |
Semiconductor sector: 2,921 million yen (27.1% YoY increase)
• Favorable semiconductor market environment and a new record high in this quarter
FPD sector: 451 million yen (42.9% YoY decrease)
• Sales recovery due to improved market and EBW*-related sales
*EBW: Electron beam welding
*The graph shows quarterly figures, but the numbers in the comments for each point are those for the nine months under review.
Marumae Co., Ltd. All Rights Reserved | -3- |
1. Overview of Financial Results
B/S Analysis
B/S | Fiscal Year Ended | Fiscal Year Ending | |
Aug 2020 | Aug 2021 | ||
(Unit: million yen) | End of fiscal year | End of Q3 | |
Current assets | 4,369 | 4,572 | |
Cash & deposits | 2,540 | 2,587 | |
Trade receivables | |||
(Notes receivable - trade, | 1,376 | 1,362 | |
accounts receivable - trade, and | |||
electronically recorded monetary | |||
claims - operating) | |||
Inventories | 438 | 591 | |
Non-current assets | 4,524 | 4,542 | |
Buildings & land | 2,359 | 2,308 | |
Machinery & equipment | 1,775 | 1,749 | |
Current liabilities | 1,183 | 1,068 | |
Interest-bearing liabilities | 389 | 429 | |
(short-term)* | |||
Non-current liabilities | 2,004 | 2,066 | |
Long-term borrowings | 1,970 | 2,028 | |
Total liabilities | 3,188 | 3,135 | |
Total net assets | 5,706 | 5,980 | |
Total assets | 8,894 | 9,115 | |
*Interest-bearing liabilities: Short-term borrowings + Current portion of long-term borrowings | |||
Marumae Co., Ltd. All Rights Reserved | -4- |
- Assets: 9,115 million yen (increased by 221 million yen Point from the end of the previous fiscal year)
- Inventories: 152 million yen increase
- Construction in progress: 122 million yen increase
- Liabilities: 3,135 million yen (decreased by 53 million yen from the end of the previous fiscal year)
- Long-termborrowings: 57 million yen increase
- Income taxes payable: 144 million yen decrease
- Net assets: 5,980 million yen (increased by 274 million yen from the end of the previous fiscal year)
- Dividends paid: 281 million yen
- Booking of profit: 556 million yen
- Equity ratio: 64.2%→65.6%
(Unit: | Long-term borrowings | ||||||||||||||||||||||||||
Current portion of long-term borrowings | Fiscal Year | ||||||||||||||||||||||||||
million yen) | |||||||||||||||||||||||||||
Ending | |||||||||||||||||||||||||||
2,500 | August 2021 | ||||||||||||||||||||||||||
379 | 379 | ||||||||||||||||||||||||||
379 | |||||||||||||||||||||||||||
309 | 379 | 389 | 429 | ||||||||||||||||||||||||
389 | |||||||||||||||||||||||||||
2,000 | |||||||||||||||||||||||||||
389 | |||||||||||||||||||||||||||
1,500 | |||||||||||||||||||||||||||
2,262 | 2,167 | ||||||||||||||||||||||||||
1,000 | 2,072 | ||||||||||||||||||||||||||
1,977 | 1,978 | 1,970 | 2,028 | ||||||||||||||||||||||||
1,873 | 1,775 | ||||||||||||||||||||||||||
500 | |||||||||||||||||||||||||||
0 | |||||||||||||||||||||||||||
Term-end | Term-end | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | |||||||||||||||||||
FY FY
2018 2019
2. Business Environment
Trend of the Monthly Balance of Orders Received
1,500 | (Unit: million yen) | Fiscal Year Ending | 8 27 | ||||||||||||||||||||||||||||
Semiconductor sector | |||||||||||||||||||||||||||||||
1,400 | August 2021 | ||||||||||||||||||||||||||||||
FPD sector | |||||||||||||||||||||||||||||||
1,300 | |||||||||||||||||||||||||||||||
Other sectors | 27 | 512 531 | |||||||||||||||||||||||||||||
1,200 | |||||||||||||||||||||||||||||||
8 | |||||||||||||||||||||||||||||||
1,100 | |||||||||||||||||||||||||||||||
7 | 55 | ||||||||||||||||||||||||||||||
1,000 | |||||||||||||||||||||||||||||||
344 | 499 | ||||||||||||||||||||||||||||||
37 | 4 | 88 | |||||||||||||||||||||||||||||
900 | |||||||||||||||||||||||||||||||
322 | 6 | 4 | |||||||||||||||||||||||||||||
5 | 4 | 49 | 23 | 324 | |||||||||||||||||||||||||||
800 | |||||||||||||||||||||||||||||||
239 | 5 | 4 | 5 | 8 | 322 | 6 | 41 | 225 | |||||||||||||||||||||||
22 | 3 | 4 | 6 | 4 | 4 | 3 | 7 | 294 | 291 | 8 | 205 | ||||||||||||||||||||
700 | 26 | 4 | 4 | 4 | 251 | 262 | 176 | ||||||||||||||||||||||||
273 283 | 195 | ||||||||||||||||||||||||||||||
600 | 147 158 | 174 | 164 | 174 | 4 | 3 | 185 | 191 | 206 | 246 340 337 322 | 312 | 275 | 205 | 189 | |||||||||||||||||
169 | |||||||||||||||||||||||||||||||
157 | |||||||||||||||||||||||||||||||
500 | 991 979 | ||||||||||||||||||||||||||||||
400 | 811 | 741 675 606 571 | 581 579 590 639 589 654 696 697 753 | ||||||||||||||||||||||||||||
300 | 534 | 540 521 | 458 | 490 555 548 | 536 | 460 391 429 438 | 459 462 | 498 511 | 599 624 607 599 | ||||||||||||||||||||||
200 | |||||||||||||||||||||||||||||||
100 | |||||||||||||||||||||||||||||||
0 | Jun Jul | Aug Sep Oct | Nov | Dec Jan | Feb Mar | Apr | May | Jun | Jul Aug Sep | Oct | Nov Dec Jan Feb Mar Apr May Jun | Jul Aug Sep Oct | Nov Dec Jan Feb Mar | Apr May | |||||||||||||||||
FY2018 | FY2019 | FY2020 | FY2021 |
Point Semiconductor sector: In addition to a market that was strong overall, there were increased orders from a new customer.
- FPD sector: There was a recovery trend in orders for G10.5 LCDs as well as for G6 OLED (organic EL). Market share gains also contributed to the recovery.
- Other sectors: There were orders related to our automated equipment.
*The company's orders have varying lead times. When there are many orders with a long lead time, the order backlog tends to be high compared to sales, and the reverse is true when there are many orders with a short lead time.
Marumae Co., Ltd. All Rights Reserved | -5- |
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Marumae Co. Ltd. published this content on 09 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 July 2021 06:03:04 UTC.