RESULTS OF OPERATIONS FOR | ||||||||||||||||||
THE FIRST QUARTER ENDED JUNE 30, 2021 (CONSOLIDATED) | ||||||||||||||||||
Listed company name: | (Japanese GAAP) | August 10, 2021 | ||||||||||||||||
Torishima Pump Mfg. Co., Ltd. | ||||||||||||||||||
Stock exchange listings: | First Section of Tokyo Stock Exchange | URL:http://www.torishima.co.jp | ||||||||||||||||
Code number: | 6363 | |||||||||||||||||
Representative: | Kotaro Harada, President | |||||||||||||||||
Contact person: | Atsuo Mabuchi, Executive officer, General Manager of Accounting Department | |||||||||||||||||
Phone: | +81-72-695-0551 | August 16, 2021 | ||||||||||||||||
Scheduled date of filing quarterly financial statements: | ||||||||||||||||||
Scheduled date of starting dividend payment: - | ||||||||||||||||||
Preparing supplementary material on quarterly financial results: Yes | ||||||||||||||||||
Holding quarterly financial results presentation meeting: | No | |||||||||||||||||
Note: The amounts are rounded down to the nearest million. | ||||||||||||||||||
1. Consolidated financial results of the first quarter ended June 30, 2021 (April 1, 2021 through June 30, 2021) | ||||||||||||||||||
(1) Operating results | Millions of yen, except per share data | |||||||||||||||||
Net sales | Operating income | Ordinary income | Net income attributable to | |||||||||||||||
First quarter ended | % | % | % | owners of parent | % | |||||||||||||
11,094 | - | 5 | - | 101 | - | 33 | - | |||||||||||
June 30, 2021 | ||||||||||||||||||
First quarter ended | 9,486 | 10.2 | △31 | - | 19 | - | △39 | - | ||||||||||
June 30, 2020 | ||||||||||||||||||
Note: Comprehensive | income: (First quarter ended June 30, 2021) ¥ 141million (-%) | |||||||||||||||||
(First quarter ended June 30, 2020) ¥ 343 million (-%) | ||||||||||||||||||
Net income per share | Net income per share-Diluted | |||||||||||||||||
First quarter ended June 30, 2021 | Yen | Yen | ||||||||||||||||
.28 | 1.28 | |||||||||||||||||
First quarter ended Jun 30, 2020 | △1.47 | - | ||||||||||||||||
Note: Effective from the beginning of the first quarter of the current fiscal year, the Company has adopted | ||||||||||||||||||
"Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29), etc. As a result of this change, since | ||||||||||||||||||
the consolidated operating results for the first quarter ended June 30, 2021 follow this accounting standard, | ||||||||||||||||||
etc., the percentage change from a comparable previous period is not stated. | ||||||||||||||||||
(2) Financial position | Millions of yen, except per equity ratio | |||||||||||||||||
June 30, 2021 | Total assets | Net assets | 5 0 | Net assets per share % | ||||||||||||||
8 002 | 6 | |||||||||||||||||
March 31, 2021 | 79,185 | 37,609 | 47.0 | |||||||||||||||
(Reference): Shareholders' equity: (June 30, 2021) ¥ 37,158 million | (March 31, 2021) ¥ 37,229 million |
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2. Dividends
Dividends per share | ||||||||||||||||||
End of 1Q | End of 2Q | End of 3Q | Fiscal year end | Annual | ||||||||||||||
0 | Yen | Yen | Yen | Yen | Yen | |||||||||||||
9.00 | - | 12.00 | 21.00 | |||||||||||||||
FY2021 | - | |||||||||||||||||
FY2021 (Forecast) | 16.00 | - | 16.00 | 32.00 | ||||||||||||||
Note1: Revision of forecast for dividend | during this quarter: No | |||||||||||||||||
Millions of yen, except per share data | ||||||||||||||||||
3. Forecast for fiscal year ending March 31, 2022 | ||||||||||||||||||
Net sales | Operating income | Ordinary income | attributableNet incometo | Net income | ||||||||||||||
owners of parent | per share | |||||||||||||||||
Annual | 52,000 | % | 3,600 | % | 3,800 | % | 2,700 | % | Yen | |||||||||
- | - | - | - | 101.09 | ||||||||||||||
Note1: % | represents percentage | change from a comparable previous period | ||||||||||||||||
Note2: Revision of forecast during this quarter: No | ||||||||||||||||||
Note3: Since the Company manages its business on an annual basis, the consolidated business forecast for the first | ||||||||||||||||||
half of the fiscal year has been omitted. As the Company has adopted the "Accounting Standard for Revenue | ||||||||||||||||||
Recognition" (ASBJ Statement No. 29), etc. since the beginning of the current fiscal year, the above | ||||||||||||||||||
consolidated financial forecasts follow this accounting standard, etc., and the percentage change from the | ||||||||||||||||||
previous fiscal year is not stated. |
- 2 -
Consolidated quarterly financial statement | (Millions of yen) | |||||||
(1) Consolidated quarterly balance sheet | ||||||||
Assets | As of March 31, 2021 | As of June 30, 2021 | ||||||
Current assets | ||||||||
Cash and deposits | 16,799 | 23,749 | ||||||
Notes and accounts receivable - trade | 26,265 | - | ||||||
contractNotes andassetsaccounts receivable - trade, and | 18,066 | |||||||
Merchandise and finished goods | - | |||||||
239 | 244 | |||||||
Work in process | 8,273 | 8,018 | ||||||
Raw materials and supplies | 1,978 | 1,979 | ||||||
Advance payments to suppliers | 929 | 843 | ||||||
Other | 1,056 | 1,151 | ||||||
Allowance for doubtful accounts | △1,971 | △1,900 | ||||||
Total current assets | 53,572 | 52,152 | ||||||
Non-current assets | ||||||||
Property, plant and equipment | 14,544 | 15,231 | ||||||
Intangible assets | 240 | 238 | ||||||
Investments and other assets | ||||||||
Investment securities | 9,189 | 8,735 | ||||||
Other | 1,941 | 1,947 | ||||||
Allowance for doubtful accounts | △302 | △302 | ||||||
Total investments and other assets | 10,828 | 10,381 | ||||||
Total non-current assets | 25,612 | 25,850 | ||||||
Total assets | 79,185 | 78,002 |
- 3 -
(Millions of yen) | ||||||||
Liabilities | As of March 31, 2021 | As of June 30, 2021 | ||||||
Current liabilities | ||||||||
Notes and accounts payable - trade | 11,440 | 10,438 | ||||||
Short-term borrowings | 3,495 | 3,453 | ||||||
Income taxes payable | 1,114 | 279 | ||||||
Advances received | 2,858 | - | ||||||
Contract liabilities | - | 3,021 | ||||||
Provision for bonuses | 924 | 426 | ||||||
Provision for product warranties | 822 | 804 | ||||||
Provision for loss on construction contracts | 914 | 958 | ||||||
Other | 4,303 | 5,419 | ||||||
Total current liabilities | 25,872 | 24,800 | ||||||
Non-current liabilities | ||||||||
Long-term borrowings | 13,065 | 13,005 | ||||||
Deferred tax liabilities | 1,088 | 984 | ||||||
(andProvisionotherforofficeretirs)ement benefits for directors | 3 | 3 | ||||||
Retirement benefit liability | 202 | 204 | ||||||
Other | 1,342 | 1,504 | ||||||
Total non-current liabilities | 15,703 | 15,702 | ||||||
Total liabilities | 41,575 | 40,502 | ||||||
Net assets | ||||||||
Shareholders' equity | ||||||||
Share capital | 1,592 | 1,592 | ||||||
Capital surplus | 7,388 | 7,111 | ||||||
Retained earnings | 27,780 | 27,561 | ||||||
Treasury shares | △2,464 | △2,138 | ||||||
Total shareholders' equity | 34,297 | 34,127 | ||||||
Accumulated other comprehensive income | ||||||||
secValuationritiesdifference on available-for-sale | 2,277 | 1,983 | ||||||
Deferred gains or losses on hedges | △143 | △135 | ||||||
Foreign currency translation adjustment | 39 | 452 | ||||||
Remeasurements of defined benefit plans | 758 | 731 | ||||||
incomeTotal accumulated other comprehensive | 2,932 | 3,031 | ||||||
Share acquisition rights | 112 | 77 | ||||||
Non-controlling interests | 267 | 264 | ||||||
Total net assets | 37,609 | 37,500 | ||||||
Total liabilities and net assets | 79,185 | 78,002 |
- 4 -
Consolidated quarterly statement of (comprehensive) income
Consolidated quarterly statement of income (April 1 - June 30, 2021)
(Millions of yen) | |||
Three months ended | Three months ended | ||
June 30, 2020 | June 30, 2021 | ||
Net sales | 9,486 | 11,094 | |
Cost of sales | 7,219 | 8,604 | |
Gross profit | 2,267 | 2,490 | |
Selling, general and administrative expenses | 2,299 | 2,484 | |
Operating profit (loss) | △31 | 5 | |
Non-operating income | |||
Dividend income | 109 | 109 | |
Foreign exchange gains | - | 17 | |
Rental income | 26 | 30 | |
methodShare of profit of entities accounted for using equity | 4 | - | |
Other | 90 | 15 | |
Total non-operating income | 231 | 172 | |
Non-operating expenses | |||
Interest expenses | 32 | 26 | |
Foreign exchange losses | 125 | - | |
methodShare of loss of entities accounted for using equity | - | 21 | |
Other | 22 | 27 | |
Total non-operating expenses | 179 | 76 | |
Ordinary profit | 19 | 101 | |
Extraordinary income | |||
Gain on sale of investment securities | 16 | 29 | |
Total extraordinary income | 16 | 29 | |
Profit before income taxes | 36 | 130 | |
Income taxes | 77 | 96 | |
Profit (loss) | △40 | 34 | |
Profit (loss) attributable to non-controlling interests | △0 | 0 | |
Profit (loss) attributable to owners of parent | △39 | 33 |
- 5 -
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Torishima Pump Mfg. Co. Ltd. published this content on 10 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2021 07:09:08 UTC.