Consolidated Financial Results for the three months ended June 30, 2023
Corporate name:
Stock exchange listings:
Stock code:
Website (URL):
Representative's name and title:
Contact:
July 31, 2023
NEC Capital Solutions Limited
Tokyo Stock Exchange, Prime Market
8793
https://www.necap.co.jp/english/
Masaaki Suganuma, President
Seiichiro Kodama, Department Manager of IR & PR Department
TEL +81(0)3-6720-8400
(Amounts are rounded down to the nearest million yen)
1. Consolidated Financial Results for the three months ended June 30, 2023 (From April 1, 2023 to June 30, 2023)
(Percentage shows increase/decrease from previous term)
(1) Consolidated Business Results
Revenues | Operating Income | Ordinary Income | Profit attributable to | |||||||
owners of parent | ||||||||||
Million Yen | % | Million Yen | % | Million Yen | % | Million Yen | % | |||
Three months ended | 60,479 | (15.4) | 2,549 | (49.8) | 2,424 | (60.2) | 1,400 | (52.9) | ||
June 30, 2023 | ||||||||||
Three months ended | 71,486 | 13.7 | 5,079 | 30.5 | 6,087 | 58.6 | 2,974 | 106.3 | ||
June 30, 2022 | ||||||||||
(Note) Comprehensive income: | ||||||||||
FY2024/3 1st quarter : 2,540Million Yen | (55.9)% | |||||||||
FY2023/3 1st quarter : 5,762Million Yen | 54.5% | |||||||||
Net Income per | Net Income per | |||||||||
Share: Basic | Share: Diluted | |||||||||
Yen | Yen | |||||||||
Three months ended | 65.04 | - | ||||||||
June 30, 2023 | ||||||||||
Three months ended | 138.18 | - | ||||||||
June 30, 2022 | ||||||||||
(2) Consolidated Financial Position | ||||||||||
Total Assets | Net Assets | Equity Ratio | ||||||||
Million Yen | Million Yen | % | ||||||||
As of June 30, 2023 | 1,041,611 | 131,774 | 10.6 | |||||||
As of March 31, 2023 | 1,055,875 | 128,815 | 10.4 |
(Reference) Shareholders' Equity:
June 30, 2023 : 110,203 Million Yen
March 31, 2023 : 109,490 Million Yen
NEC Capital Solutions Limited (8793) Consolidated Financial Results for the three months ended June 30, 2023
2. Dividends Status
Annual Dividends | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |
Fiscal year ended | Yen | Yen | Yen | Yen | Yen |
- | 37.00 | - | 73.00 | 110.00 | |
March 31, 2023 | |||||
Fiscal year ending | - | ||||
March 31, 2024 | |||||
Fiscal year ending | 65.00 | - | 65.00 | 130.00 | |
March 31, 2024 | |||||
(Forecasts) | |||||
(Note) Revisions to dividend forecasts for the current quarter: No |
3. Forecasts for the fiscal year ending March 31, 2024 (April 1, 2023 to March 31, 2024)
(Percentage shows increase/decrease from previous term)
Profit | Net Income | ||||||||
attributable to | |||||||||
Revenues | Operating Income | Ordinary Income | per Share: | ||||||
owners of | |||||||||
Basic | |||||||||
parent | |||||||||
Million Yen | % | Million | % | Million Yen | % | Million Yen | % | Yen | |
Yen | |||||||||
Fiscal year ending | 260,000 | 0.7 | 12,000 | 2.4 | 12,500 | 0.5 | 7,500 | 16.8 | 348.37 |
March 31,2024 | |||||||||
(Note) Revisions to forecasts for the current quarter: No |
4. Other
- Changes in significant consolidated subsidiaries: No
- Application of specific accounting procedures in the preparation of quarterly financial statements: No
- Changes in accounting policies, accounting estimates or restatements
- Changes in accounting policies accompanying revision of accounting standards: No
- Any other changes, except those mentioned in 1) above: Yes
- Changes in accounting estimates: No
- Restatements: No
- Number of shares issued (common stock)
- Outstanding shares at the end of the period (including treasury shares)
June 30, 2023 : 21,533,400 shares
March 31, 2023 : 21,533,400 shares
2) Number of treasury shares at the end of the period June 30, 2023 : 4,466 shares
March 31, 2023 : 4,324 shares
3) Average numbers of shares during the period
Three months ended June 30, 2023: 21,529,028 shares
Three months ended June 30, 2022: 21,529,244 shares
- This quarterly earnings report is exempt from the quarterly review by certified public accountants or audit corporations.
- Forecasts are based on the information available to management at the time they were made. Actual results may differ materially from forecasts for a number of reasons.
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NEC Capital Solutions Limited (8793) Consolidated Financial Results for the three months ended June 30, 2023
Consolidated Financial Report
(1) Consolidated Balance Sheets
(Unit: Million Yen) | |||
Term | As of March 31, 2023 | As of June 30, 2023 | |
Items | |||
(Assets) | |||
I. Current assets | |||
1. | Cash on hand and in banks | 35,482 | 22,577 |
2. Accounts receivable, installment sales | 38,828 | 37,929 | |
3. | Leases receivables and investment in leases | 517,945 | 496,942 |
4. Accounts receivable, leases | 22,034 | 22,166 | |
5. Accounts receivable, loans | 231,611 | 233,602 | |
6. | Purchased receivables | 12,419 | 15,088 |
7. Operational investment securities | 22,875 | 25,374 | |
8. Real estate for sale | 23,827 | 30,003 | |
9.Real estate for sale in process | - | 565 | |
10. | Other | 13,107 | 14,188 |
11. Allowance for doubtful accounts | (9,839) | (9,656) | |
Total current assets | 908,292 | 888,781 | |
II. Fixed assets | |||
(1) Property and equipment, net | |||
1. | Leased assets | 55,819 | 58,080 |
2. | Other operating assets | 7,199 | 7,221 |
3. Assets held for own use | 363 | 351 | |
Total property and equipment, net | 63,381 | 65,654 | |
(2) Intangible assets | |||
1. Computer programs leased to customers | 1,437 | 1,434 | |
2. | Goodwill | 1,559 | 1,617 |
3. | Software and other | 6,176 | 6,783 |
Total intangible assets | 9,173 | 9,835 | |
(3) Investments and other assets | |||
1. Investment securities | 61,737 | 64,147 | |
2. | Other | 15,301 | 15,270 |
3. Allowance for doubtful accounts | (2,011) | (2,077) | |
Total investments and other assets | 75,027 | 77,339 | |
Total fixed assets | 147,583 | 152,830 | |
Total assets | 1,055,875 | 1,041,6111 | |
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NEC Capital Solutions Limited (8793) Consolidated Financial Results for the three months ended June 30, 2023
(Unit: Million Yen) | |||
Term | As of March 31, 2023 | As of June 30, 2023 | |
Items | |||
(Liabilities) | |||
I. Current liabilities | |||
1. | Notes payable, trade | 140 | 122 |
2. Accounts payable, trade | 15,654 | 4,215 | |
3. | Short-term borrowings | 27,090 | 29,277 |
4. | Current portion of long-term debt | 149,486 | 148,817 |
5. | Current portion of bonds | 20,000 | 20,000 |
6. | Commercial paper | 243,000 | 233,000 |
7. | Payable under securitized lease receivables | 1,286 | 1,099 |
due within a year | |||
8. Accrued income taxes | 238 | 70 | |
9. Allowance for bonuses | 847 | 549 | |
10. Allowance for bonuses for directors | 33 | 10 | |
11. | Other | 38,615 | 35,793 |
Total current liabilities | 496,394 | 472,905 | |
II. Long-term liabilities | |||
1. | Bonds | 80,150 | 90,150 |
2. | Long-term debt | 335,636 | 330,808 |
3. | Payable under securitized lease receivables | 2,699 | 2,538 |
4. | Net defined benefit liability | 2,034 | 1,982 |
5. | Other | 10,145 | 11,452 |
Total long-term liabilities | 430,665 | 436,931 | |
Total liabilities | 927,060 | 909,837 | |
(Net assets) | |||
I. Shareholders' equity | |||
1. | Common stock | 3,776 | 3,776 |
2. | Capital surplus | 4,646 | 4,648 |
3. | Retained earnings | 97,131 | 96,960 |
4. | Treasury stock, at cost | (9) | (9) |
Total shareholders' equity | 105,545 | 105,375 | |
II. Accumulated other comprehensive income | |||
1. | Net unrealized gains on marketable securities | 1,627 | 1,670 |
2. | Deferred losses on hedging derivatives | 91 | (34) |
3. | Foreign currency translation adjustments | 2,262 | 3,220 |
4. | Remeasurements of defined benefit plans | (36) | (28) |
Total accumulated other comprehensive | |||
3,944 | 4,827 | ||
income | |||
III. Non-controlling interests | 19,325 | 21,571 | |
Total net assets | 128,815 | 131,774 | |
Total liabilities and net assets | 1,055,875 | 1,041,611 | |
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NEC Capital Solutions Limited (8793) Consolidated Financial Results for the three months ended June 30, 2023
(2)Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
(i) Consolidated Statements of Income
(Unit: Million Yen)
Term | Three months ended | Three months ended | |
Items | June 30, 2022 | June 30, 2023 | |
I. Revenues | 71,486 | 60,479 | |
II. Costs | 61,508 | 53,668 | |
Gross profit | 9,978 | 6,811 | |
III. Selling, general, and administrative | |||
expenses | 4,898 | 4,262 | |
Operating income | 5,079 | 2,549 | |
IV. Non-operating income | |||
1. | Interest income | 10 | 11 |
2. | Dividend income | 39 | 48 |
3. | Equity in earnings of affiliates | 22 | - |
4. | Gain on investment in partnerships | 715 | 45 |
5. | Insurance claim income | - | 58 |
6. | Foreign exchange gains | 214 | - |
7. | Other | 20 | 9 |
Subtotal | 1,024 | 173 | |
V. Non-operating expenses | |||
1. Interest expense | 5 | 109 | |
2. | Equity in loss of affiliates | - | 14 |
3. | Loss on investment in partnerships | 2 | 22 |
4. Foreign exchange losses | - | 140 | |
5. | Other | 8 | 11 |
Subtotal | 17 | 298 | |
Ordinary income | 6,087 | 2,424 | |
VI. Extraordinary income | |||
1.Gain on liquidation of subsidiaries | - | 114 | |
Subtotal | - | 114 | |
Profit before income taxes | 6,087 | 2,538 | |
Income taxes, current | 119 | 521 | |
Income taxes, deferred | 1,631 | 359 | |
Total | 1,750 | 881 | |
Profit | 4,336 | 1,657 | |
Profit attributable to non-controlling interests | 1,361 | 257 | |
Profit attributable to owners of parent | 2,974 | 1,400 | |
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NEC Capital Solutions Limited published this content on 31 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2023 04:32:06 UTC.