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 Year Ended December 31, 2020
(Based on Japanese GAAP)
Company name: Nippon Carbon Co., Ltd.
Stock exchange listing: Tokyo
Stock code: Representative: Inquiries:
Takafumi Miyashita | |
Hiroshi Fujikawa | |
Scheduled date of ordinary general meeting of shareholders: | March 26, 2021 |
Scheduled date to file Securities Report: | March 26, 2021 |
Scheduled date to commence dividend payments: | March 29, 2021 |
Preparation of supplementary material on financial results: | No |
Holding of financial results meeting: | No |
5302 URLhttp://www.carbon.co.jpPresident and Representative Director General Manager of Business Control Div.
TEL 03-6891-3730
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended December 31, 2020 (from January 1, 2020 to December 31, 2020)
(1) Consolidated operating results
February 10, 2021
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | |||||
Year ended December 31, 2020 Year ended December 31, 2019 | Millions of yen 26,802 44,931 | % (40.3) (6.4) | Millions of yen 3,015 14,827 | % (79.7) (9.6) | Millions of yen 3,587 15,106 | % (76.2) (8.5) | Millions of yen 1,810 9,700 | % (81.3) (5.8) |
Earnings per share | Diluted earnings per share | Profit attributable to owners of parent/equity | Ordinary profit/total assets | Operating profit/net sales | |
Year ended December 31, 2020 Year ended December 31, 2019 | Yen 163.64 876.81 | Yen - - | % 4.1 23.8 | % 4.8 19.9 | % 11.3 33.0 |
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |
As of December 31, 2020 As of December 31, 2019 | Millions of yen 70,930 77,939 | Millions of yen 50,998 51,654 | % 62.2 57.9 | Yen 3,989.30 4,080.33 |
(3) Consolidated cash flows
Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Cash and cash equivalents at end of period | |
Year ended December 31, 2020 Year ended December 31, 2019 | Millions of yen 3,876 4,792 | Millions of yen (4,716) (3,693) | Millions of yen (2,412) (2,996) | Millions of yen 14,455 17,707 |
2. Cash dividends
Annual dividends per share | Total cash dividends (Total) | Dividend payout ratio (Consolidated) | Ratio of dividends to net assets (Consolidated) | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | ||||
Year ended December 31, 2019 Year ended December 31, 2020 | Yen - | Yen 100.00 100.00 | Yen - | Yen 100.00 100.00 | Yen 200.00 200.00 | Millions of yen 2,212 2,212 | % 22.8 122.2 | % 5.4 5.0 |
Year ending December 31, 2021 (Forecast) | 100.00 | 100.00 | 200.00 | 110.7 |
3. Forecast of consolidated financial results for the year ending December 31, 2021 (from January 1, 2021 to December 31, 2021)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Earnings per share | |||||
Six months ending June 30, 2021 Full year | Millions of yen 14,000 30,000 | % 2.1 11.9 | Millions of yen 1,100 3,300 | % (51.1) 9.5 | Millions of yen 1,200 3,600 | % (45.4) 0.4 | Millions of yen 700 2,000 | % (40.4) 10.5 | Yen 63.26 180.73 |
4. Notes
(1) Changes in significant subsidiaries during the year ended December 31, 2020
No
(changes in specified subsidiaries resulting in the change in scope of consolidation):
(2) 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: Changes in accounting policies due to other reasons:
Changes in accounting estimates:
Restatement of prior period financial statements:
No No No No
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2020 11,832,504 shares | As of December 31, 2019 11,832,504 shares |
As of December 31, 2020 11,832,504 shares As of December 31, 2
Number of treasury shares at the end of the period
As of December 31, 2020 766,371 shares | As of December 31, 2019 769,438 shares |
As of December 31, 2020
Average number of shares during the period
Year ended December 31, 2020 11,065,281 shares | Year ended December 31, 2019 11,063,324 shares |
Year ended December 31, 2020 11,065,281 shares Year ended Dece
Consolidated financial statements Consolidated balance sheets
(Millions of yen) | ||
As of December 31, 2019 | As of December 31, 2020 | |
Assets Current assets Cash and deposits Notes and accounts receivable - trade Merchandise and finished goods Work in process Raw materials and supplies Income taxes receivable Other Allowance for doubtful accounts | 17,852 14,010 9,153 4,829 4,220 - 562 (20) | 14,600 9,228 9,366 4,524 3,469 1,350 509 (20) |
Total current assets | 50,607 | 43,028 |
Non-current assets Property, plant and equipment Buildings and structures Accumulated depreciation and impairment loss | 16,680 (9,536) | 17,227 (9,806) |
Buildings and structures, net | 7,144 | 7,420 |
Machinery and equipment Accumulated depreciation and impairment loss | 44,008 (37,232) | 45,516 (37,778) |
Machinery and equipment, net | 6,775 | 7,737 |
Vehicles, tools, furniture and fixtures Accumulated depreciation and impairment loss | 3,264 (2,708) | 3,293 (2,810) |
Vehicles, tools, furniture and fixtures, net | 555 | 483 |
Land Construction in progress | 3,523 821 | 3,524 968 |
Total property, plant and equipment | 18,820 | 20,135 |
Intangible assets Investments and other assets Investment securities Deferred tax assets Other Allowance for doubtful accounts | 160 6,044 371 1,946 (10) | 198 5,026 334 2,209 (2) |
Total investments and other assets | 8,351 | 7,567 |
Total non-current assets | 27,332 | 27,902 |
Total assets | 77,939 | 70,930 |
(20)
(9,806)
(37,778)
(2,810)
(2)
(Millions of yen) | ||
As of December 31, 2019 | As of December 31, 2020 | |
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 | 5,821 8,390 1,118 1,995 214 96 - 317 2,770 | 3,321 9,425 587 466 146 43 13 159 1,418 |
Total current liabilities | 20,725 | 15,580 |
Non-current liabilities Long-term borrowings Deferred tax liabilities Retirement benefit liability Provision for retirement benefits for directors (and other officers) Provision for share-based remuneration for directors (and other officers) Provision for environmental measures Asset retirement obligations Other | 3,637 569 757 43 70 28 62 390 | 2,562 422 771 52 70 28 62 380 |
Total non-current liabilities | 5,559 | 4,351 |
Total liabilities | 26,284 | 19,931 |
Net assets Shareholders' equity Share capital Capital surplus Retained earnings Treasury shares | 7,402 7,857 29,689 (1,921) | 7,402 7,857 29,287 (1,913) |
Total shareholders' equity | 43,028 | 42,634 |
Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans | 2,129 49 (66) | 1,542 53 (84) |
Total accumulated other comprehensive income | 2,112 | 1,511 |
Non-controlling interests | 6,513 | 6,852 |
Total net assets | 51,654 | 50,998 |
Total liabilities and net assets | 77,939 | 70,930 |
(1,913)
(84)
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Nippon Carbon Co. Ltd. published this content on 15 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2021 07:56:07 UTC.