Financial Information
- Basis of preparing consolidated financial statements and non-consolidated financial statements
- Nippon Carbon Co., Ltd. (the "Company") prepares its consolidated financial statements in accordance with the Regulation on Terminology, Forms, and Preparation Methods of Consolidated Financial Statements (Ministry of Finance Order No. 28 of 1976).
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The Company prepares its non-consolidated financial statements in accordance with the Regulation on Terminology, Forms, and Preparation Methods of Financial Statements (Ministry of Finance Order No. 59 of 1963; the "Regulation on Financial Statements").
Furthermore, the Company is a special company submitting financial statements, and prepares its non- consolidated financial statements pursuant to the provisions of Article 127 of the Regulation on Financial Statements.
- Independent audit
The Company's consolidated and non-consolidated financial statements for the fiscal year ended December 31, 2021 (from January 1, 2021 to December 31, 2021) were audited by Deloitte Touche Tohmatsu LLC, pursuant to the provisions of Article 193-2, paragraph (1) of the Financial Instruments and Exchange Act. - Extra measures to ensure fair presentation of consolidated financial statements and other information
The Company takes extra measures to ensure fair presentation of consolidated financial statements and other information. Specifically, the Company strives to understand and properly address changes in accounting systems and details of accounting standards by maintaining membership in the Financial Accounting Standards Foundation, attending seminars held by audit firms and other external organizations, subscribing to accounting magazines, and other means.
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1. Consolidated Financial Statements and Other Information
- Consolidated Financial Statements
- Consolidated Balance Sheets
(Millions of yen) | ||||
As of December 31, 2020 | As of December 31, 2021 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 14,600 | 17,865 | ||
Notes and accounts receivable - trade | *3 | 9,228 | *3 | 11,592 |
Merchandise and finished goods | 9,366 | 7,896 | ||
Work in process | 4,524 | 4,595 | ||
Raw materials and supplies | 3,469 | 2,886 | ||
Income taxes receivable | 1,350 | - | ||
Other | 509 | 585 | ||
Allowance for doubtful accounts | (20) | (22) | ||
Total current assets | 43,028 | 45,399 | ||
Non-current assets | ||||
Property, plant and equipment | ||||
Buildings and structures | 17,227 | 17,407 | ||
Accumulated depreciation and impairment | (9,806) | (10,230) | ||
Buildings and structures, net | 7,420 | 7,177 | ||
Machinery and equipment | 45,516 | 47,249 | ||
Accumulated depreciation and impairment | (37,778) | (39,053) | ||
Machinery and equipment, net | 7,737 | 8,195 | ||
Vehicles, tools, furniture and fixtures | 3,293 | 3,392 | ||
Accumulated depreciation and impairment | (2,810) | (2,927) | ||
Vehicles, tools, furniture and fixtures, net | 483 | 464 | ||
Land | 3,524 | 3,544 | ||
Construction in progress | 968 | 132 | ||
Total property, plant and equipment | *2 | 20,135 | *2 | 19,515 |
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Allowance for doubtful accounts Total investments and other assets
Total non-current assets
Total assets
198 | 264 | ||
*1 | 5,026 | *1 | 5,172 |
334 | 378 | ||
*1 | 2,209 | *1 | 1,964 |
(2) | (2) | ||
7,567 | 7,513 | ||
27,902 | 27,292 | ||
70,930 | 72,692 |
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(Millions of yen)
As of December 31, 2020 | As of December 31, 2021 |
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Accrued expenses
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and other officers)
Provision for loss on order received Provision for plant relocation related expense Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Deferred tax liabilities
Retirement benefit liability
Provision for retirement benefits for directors (and other officers)
Provision for share awards for directors (and other officers)
Provision for environmental measures
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans
*3 | 3,321 | *3 | 3,900 |
*2 | 9,425 | *2 | 9,180 |
587 | 516 | ||
466 | 1,038 | ||
146 | 208 | ||
43 | 59 | ||
13 | - | ||
159 | - | ||
*3 | 1,418 | *3 | 2,123 |
15,580 | 17,027 | ||
2,562 | 1,387 | ||
422 | 633 | ||
771 | 776 | ||
52 | 55 | ||
70 | 89 | ||
28 | 28 | ||
62 | 62 | ||
380 | 373 | ||
4,351 | 3,407 | ||
19,931 | 20,434 | ||
7,402 | 7,402 | ||
7,857 | 7,857 | ||
29,287 | 29,805 | ||
(1,913) | (2,011) | ||
42,634 | 43,054 | ||
1,542 | 1,868 | ||
53 | 124 | ||
(84) | (59) |
Total accumulated other comprehensive income | 1,511 | 1,932 | |
Non-controlling interests | 6,852 | 7,270 | |
Total net assets | 50,998 | 52,257 | |
Total liabilities and net assets | 70,930 | 72,692 |
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- Consolidated Statements of Income and Consolidated Statements of Comprehensive Income Consolidated Statements of Income
(Millions of yen) | ||||
Fiscal year ended | Fiscal year ended | |||
December 31, 2020 | December 31, 2021 | |||
Net sales | 26,802 | 31,578 | ||
Cost of sales | *2 | 19,673 | *2 | 23,539 |
Gross profit | 7,129 | 8,038 | ||
Selling, general and administrative expenses | *1, *2 | 4,113 | *1, *2 | 4,332 |
Operating profit | 3,015 | 3,706 | ||
Non-operating income | ||||
Interest income | 1 | 4 | ||
Dividend income | 119 | 99 | ||
Foreign exchange gains | 31 | 146 | ||
Share of profit of entities accounted for using equity | - | 42 | ||
method | ||||
Subsidy income | 2 | 2 | ||
Compensation income | 150 | 366 | ||
Insurance claim income | 796 | 208 | ||
Other | 72 | 221 | ||
Total non-operating income | 1,174 | 1,092 | ||
Non-operating expenses | ||||
Interest expenses | 68 | 61 | ||
Loss on retirement of non-current assets | 181 | 20 | ||
Share of loss of entities accounted for using equity | 113 | - | ||
method | ||||
Depreciation of inactive non-current assets | 148 | 149 | ||
Loss on disaster | 48 | 59 | ||
Other | 42 | 72 | ||
Total non-operating expenses | 602 | 363 | ||
Ordinary profit | 3,587 | 4,434 | ||
Extraordinary income | ||||
Gain on sale of investment securities | 62 | 179 | ||
Total extraordinary income | 62 | 179 |
Extraordinary losses
Loss on fire
Plant relocation related expense
*3
*4
249
139
*3
*4
97
84
Total extraordinary losses | 389 | 182 | |
Profit before income taxes | 3,260 | 4,431 | |
Income taxes - current | 797 | 1,362 | |
Income taxes - deferred | 182 | 7 | |
Total income taxes | 980 | 1,370 | |
Profit | 2,280 | 3,060 | |
Profit attributable to non-controlling interests | 469 | 331 | |
Profit attributable to owners of parent | 1,810 | 2,729 |
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Consolidated Statements of Comprehensive Income
(Millions of yen) | ||||
Fiscal year ended | Fiscal year ended | |||
December 31, 2020 | December 31, 2021 | |||
Profit | 2,280 | 3,060 | ||
Other comprehensive income | ||||
Valuation difference on available-for-sale securities | (590) | 332 | ||
Foreign currency translation adjustment | 9 | 114 | ||
Remeasurements of defined benefit plans, net of tax | (17) | 24 | ||
Total other comprehensive income | * | (599) | * | 471 |
Comprehensive income | 1,681 | 3,532 | ||
Comprehensive income attributable to | ||||
Comprehensive income attributable to owners of parent | 1,209 | 3,157 | ||
Comprehensive income attributable to non-controlling | 471 | 375 | ||
interests | ||||
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Nippon Carbon Co. Ltd. published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2022 15:20:43 UTC.