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 Six Months Ended September 30, 2017 (Based on Japanese GAAP)
Company name: | TAKEBISHI CORPORATION | ||
Stock exchange listing: | Tokyo | ||
Stock code: | 7510 | URL http://www.takebishi.co.jp | |
Representative: | Representative Director & President | Isamu Ogura | |
Inquiries: | Director & Senior Managing Executive | Takashi Kamei | |
Officer | |||
Scheduled date to file Quarterly Securities Report: | November 10, 2017 | ||
Scheduled date to commence dividend payments: | December 4, 2017 | ||
Preparation of supplementary material on quarterly financial results: | No | ||
Holding of quarterly financial results meeting: | Yes |
October 31, 2017
TEL 075-325-2118
(Amounts less than one million yen are rounded down) | |||||||||||||||||||||||||||||||||
1. Consolidated financial results for the six months ended September 30, 2017 (from April 1, 2017 to September 30, 2017) | |||||||||||||||||||||||||||||||||
(1) Consolidated operating results (cumulative) | 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 | % | ||||||||||||||||||||||||||
Six months ended September 30, 2017 | 34,884 | 7.6 | 1,449 | 22.2 | 1,487 | 21.4 | 1,023 | 18.6 | |||||||||||||||||||||||||
Six months ended September 30, 2016 | 32,413 | (6.2) | 1,185 | 17.2 | 1,225 | 19.0 | 863 | 37.6 | |||||||||||||||||||||||||
Earnings per share | Diluted earnings per share | ||||||||||||||||||||||||||||||||
Yen | Yen | ||||||||||||||||||||||||||||||||
Six months ended September 30, 2017 | 69.56 | - | |||||||||||||||||||||||||||||||
Six months ended September 30, 2016 | 58.67 | - | |||||||||||||||||||||||||||||||
(2) Consolidated financial position | |||||||||||||||||||||||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||||||||||||||||||||||
Millions of yen | Millions of yen | % | |||||||||||||||||||||||||||||||
As of September 30, 2017 | 42,040 | 24,570 | 58.4 | ||||||||||||||||||||||||||||||
As of March 31, 2017 | 43,594 | 23,395 | 53.7 | ||||||||||||||||||||||||||||||
2. Cash dividends | |||||||||||||||||||||||||||||||||
Annual dividends per share | |||||||||||||||||||||||||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |||||||||||||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | |||||||||||||||||||||||||||||
Year ended March 31, 2017 | - | 16.00 | - | 19.00 | 35.00 | ||||||||||||||||||||||||||||
Year ending March 31, 2018 | - | 19.00 | |||||||||||||||||||||||||||||||
Year ending March 31, 2018 (Forecast) | - | 19.00 | 38.00 | ||||||||||||||||||||||||||||||
3. Forecast of consolidated financial results for the year ending March 31, 2018 (from April 1, 2017 to March 31, 2018) | |||||||||||||||||||||||||||||||||
Percentages indicate year-on-year changes | |||||||||||||||||||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | |||||||||||||||||||||||||||||
owners of parent | |||||||||||||||||||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |||||||||||||||||||||||||
Full year | 73,000 | 2.4 | 2,570 | 1.2 | 1.1 | 1,700 | (6.5) | 115.53 | |||||||||||||||||||||||||
2,600 | |||||||||||||||||||||||||||||||||
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4. Notes
- Changes in significant subsidiaries during the six months ended September 30, 2017 (changes in specified subsidiaries resulting in the change in scope of consolidation):
- Application of special accounting methods for preparing quarterly consolidated financial statements:
No
No
(3) 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 |
(4) Number of issued shares (common shares) | ||||||
Total number of issued shares at the end of the period (including treasury shares) | ||||||
As of September 30, 2017 | 14,798,600 | shares | As of March 31, 2017 | 14,798,600 | shares | |
Number of treasury shares at the end of the period | ||||||
As of September 30, 2017 | 83,789 | shares | As of March 31, 2017 | 83,789 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Six months ended September 30, 2017 | 14,714,811 | shares | Six months ended September 30, 2016 | 14,714,811 | shares |
2
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of March 31, 2017 | As of September 30, 2017 | ||
Assets | |||
Current assets | |||
Cash and deposits | 3,930 | 4,919 | |
Notes and accounts receivable - trade | 21,803 | 17,705 | |
Electronically recorded monetary claims - operating | 3,609 | 4,300 | |
Securities | 51 | 10 | |
Merchandise | 4,560 | 4,729 | |
Work in process | 47 | 156 | |
Deferred tax assets | 356 | 336 | |
Other | 771 | 845 | |
Allowance for doubtful accounts | (16) | (9) | |
Total current assets | 35,114 | 32,994 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 1,256 | 1,195 | |
Land | 1,833 | 1,833 | |
Other, net | 108 | 93 | |
Total property, plant and equipment | 3,197 | 3,122 | |
Intangible assets | |||
Software | 74 | 64 | |
Other | 31 | 28 | |
Total intangible assets | 105 | 93 | |
Investments and other assets | |||
Investment securities | 4,195 | 4,830 | |
Deferred tax assets | 78 | 90 | |
Other | 915 | 915 | |
Allowance for doubtful accounts | (14) | (7) | |
Total investments and other assets | 5,175 | 5,830 | |
Total non-current assets | 8,479 | 9,046 | |
Total assets | 43,594 | 42,040 |
3
(Millions of yen) | |||
As of March 31, 2017 | As of September 30, 2017 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 13,557 | 10,508 | |
Electronically recorded obligations - operating | 812 | 718 | |
Short-term loans payable | 1,603 | 1,615 | |
Current portion of long-term loans payable | - | 100 | |
Accounts payable - other | 993 | 625 | |
Income taxes payable | 607 | 649 | |
Provision for bonuses | 615 | 664 | |
Provision for directors' bonuses | - | 71 | |
Other | 453 | 773 | |
Total current liabilities | 18,643 | 15,726 | |
Non-current liabilities | |||
Long-term loans payable | 100 | - | |
Long-term accounts payable - other | 115 | 102 | |
Deferred tax liabilities | 612 | 763 | |
Deferred tax liabilities for land revaluation | 7 | 7 | |
Provision for directors' retirement benefits | 20 | 18 | |
Net defined benefit liability | 640 | 647 | |
Provision for loss on dissolution of the employees' pension | - | 157 | |
fund | |||
Asset retirement obligations | 34 | 30 | |
Other | 23 | 15 | |
Total non-current liabilities | 1,554 | 1,743 | |
Total liabilities | 20,198 | 17,470 | |
Net assets | |||
Shareholders' equity | |||
Capital stock | 2,554 | 2,554 | |
Capital surplus | 3,133 | 3,133 | |
Retained earnings | 16,966 | 17,710 | |
Treasury shares | (23) | (23) | |
Total shareholders' equity | 22,631 | 23,375 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 1,840 | 2,299 | |
Revaluation reserve for land | (1,135) | (1,135) | |
Foreign currency translation adjustment | 73 | 43 | |
Remeasurements of defined benefit plans | (14) | (13) | |
Total accumulated other comprehensive income | 763 | 1,194 | |
Total net assets | 23,395 | 24,570 | |
Total liabilities and net assets | 43,594 | 42,040 |
4
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen) | |||
Six months ended | Six months ended | ||
September 30, 2016 | September 30, 2017 | ||
Net sales | 32,413 | 34,884 | |
Cost of sales | 27,790 | 29,775 | |
Gross profit | 4,622 | 5,109 | |
Selling, general and administrative expenses | 3,436 | 3,659 | |
Operating profit | 1,185 | 1,449 | |
Non-operating income | |||
Interest income | 3 | 3 | |
Dividend income | 29 | 33 | |
Purchase discounts | 12 | 12 | |
Rent income | 27 | 27 | |
Foreign exchange gains | - | 9 | |
Other | 25 | 10 | |
Total non-operating income | 98 | 97 | |
Non-operating expenses | |||
Interest expenses | 6 | 5 | |
Sales discounts | 33 | 37 | |
Cost of lease revenue | 13 | 13 | |
Foreign exchange losses | 5 | - | |
Other | 0 | 3 | |
Total non-operating expenses | 59 | 59 | |
Ordinary profit | 1,225 | 1,487 | |
Extraordinary income | |||
Gain on sales of investment securities | 142 | 244 | |
Total extraordinary income | 142 | 244 | |
Extraordinary losses | |||
Loss on sales and retirement of non-current assets | 0 | 3 | |
Impairment loss | - | 23 | |
Provision for loss on dissolution of the employees' pension | - | 157 | |
fund | |||
Loss on valuation of investment securities | 23 | - | |
Total extraordinary losses | 23 | 183 | |
Profit before income taxes | 1,344 | 1,548 | |
Income taxes - current | 437 | 551 | |
Income taxes - deferred | 43 | (27) | |
Total income taxes | 481 | 524 | |
Profit | 863 | 1,023 | |
Profit attributable to owners of parent | 863 | 1,023 |
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Takebishi Corporation published this content on 06 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 September 2022 05:49:02 UTC.