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 March 31, 2021
(Based on Japanese GAAP)
May 7, 2021 | ||||
Company name: | NITTOC CONSTRUCTION CO., LTD. | |||
Stock exchange listing: | Tokyo | |||
Stock code: | 1929 | URL https://www.nittoc.co.jp | ||
Representative: | President & Representative Director | Yasuo Wada | ||
Inquiries: | General Manager, Accounting Department, | Masakazu Itabashi | TEL 03-5645-5047 | |
Administration Division | ||||
Scheduled date of ordinary general meeting of shareholders: | June 25, 2021 | |||
Scheduled date to file Securities Report: | June 25, 2021 | |||
Scheduled date to commence dividend payments: | June 28, 2021 | |||
Preparation of supplementary material on financial results: | No | |||
Holding of financial results meeting: | No |
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended March 31, 2021 (from April 1, 2020 to March 31, 2021)
(1) Consolidated operating results | Percentages indicate year-on-year changes | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||
owners of parent | ||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||
Year ended March 31, 2021 | 67,955 | 3.7 | 5,358 | 9.3 | 5,419 | 11.1 | 3,500 | 7.4 | ||
Year ended March 31, 2020 | 65,516 | 3.6 | 4,903 | 23.5 | 4,880 | 21.9 | 3,258 | 19.7 |
Note: Comprehensive income Year ended March 31, 2021 | ¥3,752 million | [16.9%] | ||||||||
Year ended March 31, 2020 | ¥3,209 million | [16.5%] | ||||||||
Diluted earnings per | Profit attributable to | Ordinary profit/total | Operating profit/net | |||||||
Earnings per share | owners of | |||||||||
share | parent/equity | assets | sales | |||||||
Yen | Yen | % | % | % | ||||||
Year ended March 31, 2021 | 83.93 | - | 12.7 | 10.6 | 7.9 | |||||
Year ended March 31, 2020 | 78.12 | - | 12.8 | 9.8 | 7.5 | |||||
Reference: Share of profit (loss) of entities accounted for using equity method | Year ended March 31, 2021 | ¥- million | ||||||||
Year ended March 31, 2020 | ¥- million | |||||||||
(2) Consolidated financial position | ||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | |||||||
Millions of yen | Millions of yen | % | Yen | |||||||
As of March 31, 2021 | 51,971 | 28,800 | 55.1 | 686.19 | ||||||
As of March 31, 2020 | 50,159 | 26,550 | 52.6 | 632.68 | ||||||
Reference: Equity | As of March 31, 2021 | ¥28,619 million | ||||||||
As of March 31, 2020 | ¥26,388 million | |||||||||
(3) Consolidated cash flows | ||||||||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash equivalents | |||||||
operating activities | investing activities | financing activities | at end of period | |||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | |||||||
Year ended March 31, 2021 | 1,426 | (705) | (1,784) | 17,722 | ||||||
Year ended March 31, 2020 | 7,357 | (217) | (1,625) | 18,713 |
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2. Cash dividends
Annual dividends per share | Total cash | Dividend payout | Ratio of dividends | |||||
to net assets | ||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | dividends (Total) | ratio (Consolidated) | (Consolidated) | |
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |
Year ended March 31, 2020 | - | 10.00 | - | 28.00 | 38.00 | 1,584 | 48.6 | 6.2 |
Year ended March 31, 2021 | - | 8.00 | - | 28.00 | 36.00 | 1,501 | 42.9 | 5.5 |
Year ending March 31, 2022 | - | 8.00 | - | 21.00 | 29.00 | 41.3 | ||
(Forecast) | ||||||||
3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | ||||||
owners of parent | ||||||||||
Six months ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
30,000 | (2.5) | 1,150 | (43.8) | 1,150 | (44.7) | 750 | (44.8) | 17.98 | ||
September 30, 2021 | ||||||||||
Full year | 69,400 | 2.1 | 4,460 | (16.8) | 4,450 | (17.9) | 2,930 | (16.3) | 70.25 | |
4. Notes | ||||||||||
(1) Changes in significant subsidiaries during the year ended March 31, 2021 | 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: | No | |||||||||
Changes in accounting policies due to other reasons: | No | |||||||||
Changes in accounting estimates: | No | |||||||||
Restatement of prior period financial statements: | No |
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2021 | 43,919,291 | shares | As of March 31, 2020 | 43,919,291 | shares | |
Number of treasury shares at the end of the period | ||||||
As of March 31, 2021 | 2,210,924 | shares | As of March 31, 2020 | 2,209,511 | shares | |
Average number of shares during the period | ||||||
Year ended March 31, 2021 | 41,709,182 | shares | Year ended March 31, 2020 | 41,710,506 | shares |
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Reference: Summary of non-consolidated financial results | |||||||||||||||||
1. Non-consolidated financial results for the year ended March 31, 2021 (from April 1, 2020 to March 31, 2021) | |||||||||||||||||
(1) Non-consolidated operating results | Percentages indicate year-on-year changes | ||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit | ||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||||
Year ended March 31, 2021 | 66,520 | 4.0 | 5,199 | 11.7 | 5,259 | 13.8 | 3,407 | 10.0 | |||||||||
Year ended March 31, 2020 | 63,971 | 2.6 | 4,654 | 21.2 | 4,622 | 19.5 | 3,097 | 17.9 | |||||||||
Earnings per share | Diluted earnings per share | ||||||||||||||||
Yen | Yen | ||||||||||||||||
Year ended March 31, 2021 | 81.70 | - | |||||||||||||||
Year ended March 31, 2020 | 74.26 | - | |||||||||||||||
(2) Non-consolidated financial position | |||||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||||||
Millions of yen | Millions of yen | % | Yen | ||||||||||||||
As of March 31, 2021 | 51,036 | 28,350 | 55.5 | 679.74 | |||||||||||||
As of March 31, 2020 | 49,513 | 26,321 | 53.2 | 631.06 | |||||||||||||
Reference: Equity | As of March 31, 2021 | ¥28,350 million | |||||||||||||||
As of March 31, 2020 | ¥26,321 million | ||||||||||||||||
2. Forecast of non-consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022) | |||||||||||||||||
Percentages indicate year-on-year changes | |||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit | Earnings per share | |||||||||||||
Six months ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||||||||
29,000 | (4.2) | 1,100 | (45.2) | 1,100 | (46.0) | 700 | (47.5) | 16.78 | |||||||||
September 30, 2021 | |||||||||||||||||
Full year | 66,500 | (0.0) | 4,260 | (18.1) | 4,250 | (19.2) | 2,830 | (17.0) | 67.85 |
- Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
- Proper use of forecasts of financial results, and other special matters
Financial results forecasts are based on information available to the Company at the time of release of this document. Actual financial results may differ from the forecast figures due to various factors going forward.
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Consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of March 31, 2020 | As of March 31, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 18,713 | 17,722 | |
Notes receivable, accounts receivable from completed | 17,317 | 19,666 | |
construction contracts and other | |||
Electronically recorded monetary claims - operating | 2,435 | 2,921 | |
Merchandise and finished goods | 14 | 9 | |
Real estate for sale | 0 | 0 | |
Costs on construction contracts in progress | 1,850 | 1,359 | |
Raw materials and supplies | 161 | 243 | |
Other | 512 | 360 | |
Allowance for doubtful accounts | (1) | (2) | |
Total current assets | 41,003 | 42,282 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 1,769 | 1,645 | |
Machinery, vehicles, tools, furniture and fixtures, net | 897 | 1,133 | |
Land | 2,652 | 2,638 | |
Leased assets, net | 24 | 13 | |
Construction in progress | 52 | 166 | |
Other, net | 2 | 2 | |
Total property, plant and equipment | 5,398 | 5,598 | |
Intangible assets | 440 | 445 | |
Investments and other assets | |||
Investment securities | 791 | 974 | |
Deferred tax assets | 1,966 | 2,127 | |
Other | 622 | 602 | |
Allowance for doubtful accounts | (63) | (59) | |
Total investments and other assets | 3,316 | 3,644 | |
Total non-current assets | 9,155 | 9,689 | |
Total assets | 50,159 | 51,971 |
4
(Millions of yen) | |||
As of March 31, 2020 | As of March 31, 2021 | ||
Liabilities | |||
Current liabilities | |||
Notes payable, accounts payable for construction contracts | 11,365 | 11,339 | |
and other | |||
Short-term borrowings | 274 | 278 | |
Advances received on construction contracts in progress | 2,087 | 2,032 | |
Lease obligations | 12 | 3 | |
Income taxes payable | 1,189 | 1,274 | |
Provision for warranties for completed construction | 41 | 24 | |
Provision for loss on construction contracts | 1 | 286 | |
Provision for bonuses | 1,370 | 1,501 | |
Provision for bonuses for directors (and other officers) | 43 | 36 | |
Other | 2,830 | 2,156 | |
Total current liabilities | 19,214 | 18,931 | |
Non-current liabilities | |||
Long-term borrowings | 278 | - | |
Lease obligations | 9 | 5 | |
Retirement benefit liability | 4,069 | 4,162 | |
Other | 37 | 71 | |
Total non-current liabilities | 4,394 | 4,239 | |
Total liabilities | 23,608 | 23,171 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 6,052 | 6,052 | |
Capital surplus | 2,022 | 2,022 | |
Retained earnings | 19,420 | 21,419 | |
Treasury shares | (1,056) | (1,057) | |
Total shareholders' equity | 26,438 | 28,436 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 188 | 312 | |
Foreign currency translation adjustment | (79) | (34) | |
Remeasurements of defined benefit plans | (158) | (95) | |
Total accumulated other comprehensive income | (49) | 183 | |
Non-controlling interests | 161 | 180 | |
Total net assets | 26,550 | 28,800 | |
Total liabilities and net assets | 50,159 | 51,971 |
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Nittoc Construction Co. Ltd. published this content on 21 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 May 2021 06:02:01 UTC.