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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Maruwa Co. Ltd | LSE:MAW | London | Ordinary Share | JP3879250003 | JPY50 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 7,000.0946 | 100 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Porcelain Electrical Supply | 61.56B | 15.22B | 1229.8739 | 5.69 | 86.61B |
TIDMMAW
RNS Number : 4731E
Maruwa Co Ld
08 May 2017
Hot Features
Premium
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, 2017
(Based on Japanese GAAP)
May 8, 2017
Company name: MARUWA CO., LTD.
Stock exchange Tokyo, Nagoya
listing:
Stock code: 5344 URL http://www.maruwa-g.com/
Representative: President and Representative Sei Kanbe
Director
Inquiries: General Manager Tamaki Nozoki TEL 0561-51-0839
of Administrative
Division
Scheduled date of ordinary June 22, 2017
general meeting of shareholders:
Scheduled date to file Securities June 23, 2017
Report:
Scheduled date to commence June 23, 2017
dividend payments:
Preparation of supplementary No
material on financial results:
Holding of financial results No
meeting:
(Amounts are rounded off to
the nearest million yen)
1. Consolidated financial results for the year ended March 31, 2017 (from April 1, 2016 to March 31, 2017)
(1) Consolidated operating Percentages indicate year-on-year
results changes
Net sales Operating Ordinary Profit attributable
profit profit to owners
of parent
------------------ --------------- -------------- -------------- ---------------------
Millions % Millions % Millions % Millions %
of yen of yen of yen of yen
Year ended March
31, 2017 32,187 5.3 4,953 29.9 4,978 34.5 2,850 24.6
Year ended March
31, 2016 30,578 (6.8) 3,812 58.6 3,702 30.3 2,287 158.7
------------------ -------- ----- -------- ---- -------- ---- ------------ -------
Earnings Diluted Profit Ordinary Operating
per share earnings attributable profit/total profit/net
per share to owners assets sales
of parent/equity
------------------ ---------- ---------- ----------------- ------------- -----------
Yen Yen % % %
Year ended March
31, 2017 230.76 230.76 6.7 10.0 15.4
Year ended March
31, 2016 185.18 185.17 5.5 7.6 12.5
------------------ ---------- ---------- ----------------- ------------- -----------
(2) Consolidated financial position
Total assets Net assets Equity ratio Net assets
per share
----------------- ------------ ---------- ------------ ----------
Millions Millions % Yen
of yen of yen
As of March 31,
2017 50,594 43,317 85.6 3,506.80
As of March 31,
2016 48,550 41,700 85.9 3,376.42
----------------- ------------ ---------- ------------ ----------
(3) Consolidated cash flows
Cash flows Cash flows Cash flows Cash and
from operating from investing from financing cash equivalents
activities activities activities at end of
period
------------------ ---------------- ---------------- ---------------- ------------------
Millions Millions Millions Millions
of yen of yen of yen of yen
Year ended March
31, 2017 5,349 (1,248) (707) 17,834
Year ended March
31, 2016 4,154 (1,675) (1,406) 14,541
------------------ ---------------- ---------------- ---------------- ------------------
2. Cash dividends
Annual dividends per share Total Dividend Ratio
cash payout of dividends
dividends ratio to net
(Total) (Consolidated) assets
(Consolidated)
------------------- ------------------------------------------------------ --------- -------------- --------------
1st 2nd 3rd Fiscal Total
quarter-end quarter-end quarter-end year-end
------------------- ----------- ----------- ----------- -------- ----- --------- -------------- --------------
Yen Yen Yen Yen Yen Millions % %
of yen
Year ended March
31, 2016 - 19.00 - 19.00 38.00 469 20.5 1.1
Year ended March
31, 2017 - 20.00 - 20.00 40.00 494 17.3 1.2
------------------- ----------- ----------- ----------- -------- ----- --------- -------------- --------------
Year ending March
31, 2018 - 22.00 - 22.00 44.00 16.0
(Forecast)
------------------- ----------- ----------- ----------- -------- ----- --------- -------------- --------------
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 Ordinary Profit attributable Earnings
profit profit to owners per share
of parent
----------- --------------- --------------- ------------- --------------------- ----------
Millions % Millions % Millions % Millions % Yen
of yen of yen of yen of yen
Six months
ending
September
30, 2017 14,800 (2.4) 2,100 (8.9) 2,100 3.6 1,300 12.8 105.24
Full year 33,350 3.6 5,400 9.0 5,450 9.5 3,400 19.3 275.25
----------- -------- ----- -------- ----- -------- --- ------------- ------ ----------
4. Notes
(1) Changes in significant subsidiaries No
during the year ended March 31, 2017
(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 Yes revisions to accounting standards and other regulations: Changes in accounting policies due to No other reasons: Changes in accounting estimates: No Restatement of prior period financial No statements:
(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, As of March 31, 2017 12,372,000 shares 2016 12,372,000 shares ----------------- ---------- ------- ---------------- ---------- -------
Number of treasury shares at the end of the period
As of March 31, As of March 31, 2017 19,629 shares 2016 22,033 shares ----------------- ------ ------- ---------------- ------ -------
Average number of shares during the period
Year ended March Year ended March 31, 2017 12,351,647 shares 31, 2016 12,350,001 shares ------------------ ---------- ------- ----------------- ---------- -------
Consolidated financial statements
Consolidated balance sheets
(Thousands
of yen)
-------------------------------------------------- ------------ ------------
As of March As of March
31, 2016 31, 2017
-------------------------------------------------- ------------ ------------
Assets
Current assets
Cash and deposits 15,379,533 18,027,047
Notes and accounts receivable
- trade 8,042,230 8,736,607
Electronically recorded
monetary claims - operating 572,146 503,711
Merchandise and finished
goods 2,489,838 2,222,216
Work in process 1,702,316 1,400,373
Raw materials and supplies 3,095,281 3,249,130
Deferred tax assets 285,439 321,655
Other 833,428 755,238
Allowance for doubtful accounts (1,990) (2,850)
Total current assets 32,398,221 35,213,128
------------ ------------
Non-current assets
Property, plant and equipment
Buildings and structures 10,078,873 10,073,490
Accumulated depreciation (5,519,695) (5,731,786)
Buildings and structures,
net 4,559,178 4,341,704
------------ ------------
Machinery, equipment and
vehicles 18,712,379 18,213,958
Accumulated depreciation (13,799,300) (14,338,010)
Machinery, equipment and
vehicles, net 4,913,079 3,875,948
------------ ------------
Land 3,503,763 3,668,726
Construction in progress 276,133 679,006
Other 3,553,267 3,590,736
Accumulated depreciation (3,007,107) (3,029,884)
Other, net 546,160 560,852
------------ ------------
Total property, plant and
equipment 13,798,312 13,126,236
------------ ------------
Intangible assets
Goodwill 135,905 20,741
Other 433,269 278,983
Total intangible assets 569,174 299,724
------------ ------------
Investments and other assets
Investment securities 233,596 309,384
Deferred tax assets 96,556 177,882
Real estate for investment 1,023,527 1,020,702
Buildings and structures 662,939 680,969
Accumulated depreciation (342,336) (361,238)
Buildings and structures,
net 320,604 319,731
------------ ------------
Land 688,833 688,833
Other 42,204 42,204
Accumulated depreciation (28,114) (30,066)
Other, net 14,090 12,138
------------ ------------
Other 448,556 502,391
Allowance for doubtful accounts (18,167) (55,586)
Total investments and other
assets 1,784,068 1,954,774
------------ ------------
Total non-current assets 16,151,555 15,380,733
------------ ------------
Total assets 48,549,776 50,593,861
------------ ------------
(Thousands
of yen)
------------------------------------------ ----------- -----------
As of March As of March
31, 2016 31, 2017
------------------------------------------ ----------- -----------
Liabilities
Current liabilities
Notes and accounts payable
- trade 3,068,282 3,202,069
Current portion of long-term
loans payable 137,984 22,800
Income taxes payable 589,934 1,024,873
Provision for bonuses 503,850 458,386
Provision for directors'
bonuses 23,750 27,500
Notes payable - facilities 169,681 301,784
Other 1,824,564 1,726,212
Total current liabilities 6,318,045 6,763,623
----------- -----------
Non-current liabilities
Long-term loans payable 115,409 -
Deferred tax liabilities 76,973 187,311
Provision for environmental
measures 13,527 13,527
Other 325,379 312,136
Total non-current liabilities 531,288 512,974
----------- -----------
Total liabilities 6,849,333 7,276,597
----------- -----------
Net assets
Shareholders' equity
Capital stock 8,646,720 8,646,720
Capital surplus 11,946,793 11,948,947
Retained earnings 21,654,339 24,022,963
Treasury shares (47,072) (42,051)
Total shareholders' equity 42,200,781 44,576,578
----------- -----------
Accumulated other comprehensive
income
Valuation difference on
available-for-sale securities 53,057 121,179
Foreign currency translation
adjustment (555,170) (1,380,493)
Total accumulated other
comprehensive income (502,113) (1,259,314)
----------- -----------
Subscription rights to shares 1,775 -
Total net assets 41,700,443 43,317,264
----------- -----------
Total liabilities and net
assets 48,549,776 50,593,861
----------- -----------
Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income
(Thousands
of yen)
--------------------------------------- --------------- ---------------
Fiscal year Fiscal year
ended ended
March 31, 2016 March 31, 2017
--------------------------------------- --------------- ---------------
Net sales 30,578,092 32,187,205
Cost of sales 19,594,309 20,296,949
Gross profit 10,983,783 11,890,256
--------------- ---------------
Selling, general and administrative
expenses 7,171,349 6,937,026
Operating profit 3,812,434 4,953,230
--------------- ---------------
Non-operating income
Interest income 50,853 38,078
Rent income 105,614 85,349
Other 63,210 95,245
Total non-operating income 219,677 218,672
--------------- ---------------
Non-operating expenses
Interest expenses 5,267 1,312
Foreign exchange losses 245,869 95,102
Rent expenses on real estate
for investments 38,954 51,679
Other 40,225 45,737
Total non-operating expenses 330,315 193,829
--------------- ---------------
Ordinary profit 3,701,796 4,978,073
--------------- ---------------
Extraordinary income
Gain on sales of non-current
assets 3,633 723
Gain on sales of investment
securities - 554
Subsidy income - 6,032
Total extraordinary income 3,633 7,310
--------------- ---------------
Extraordinary losses
Loss on sales and retirement
of non-current assets 28,357 100,947
Loss on sales of investment
securities 6,816 -
Loss on valuation of investments
in capital of subsidiaries
and associates 18,940 -
Loss on liquidation of business - 230,021
Impairment loss - 341,766
Other 5,900 10,892
Total extraordinary losses 60,013 683,626
--------------- ---------------
Profit before income taxes 3,645,416 4,301,756
--------------- ---------------
Income taxes - current 1,068,997 1,452,514
Income taxes - deferred 289,454 (1,078)
Total income taxes 1,358,451 1,451,436
--------------- ---------------
Profit 2,286,965 2,850,320
--------------- ---------------
Profit (loss) attributable
to non-controlling interests (0) -
--------------- ---------------
Profit attributable to owners
of parent 2,286,965 2,850,320
--------------- ---------------
Consolidated statements of comprehensive income
(Thousands
of yen)
---------------------------------------- --------------- ---------------
Fiscal year Fiscal year
ended ended
March 31, 2016 March 31, 2017
---------------------------------------- --------------- ---------------
Profit 2,286,965 2,850,320
Other comprehensive income
Valuation difference on
available-for-sale securities (77,544) 68,122
Foreign currency translation
adjustment (1,050,483) (825,324)
Total other comprehensive
income (1,128,028) (757,202)
--------------- ---------------
Comprehensive income 1,158,937 2,093,119
--------------- ---------------
Comprehensive income attributable
to
Comprehensive income attributable
to owners of parent 1,158,938 2,093,119
Comprehensive income attributable
to non-controlling interests (0) -
Consolidated statements of changes in equity
Fiscal year ended March 31, 2016
(Thousands of
yen)
Shareholders' equity
----------------------------------------------------------------
Capital Capital Retained Treasury Total shareholders'
stock surplus earnings shares equity
--------- ---------- ---------- -------- -------------------
Balance at
beginning
of current
period 8,646,720 11,946,793 19,824,325 (46,922) 40,370,916
----------------------- --------- ---------- ---------- -------- -------------------
Changes of
items during
period
----------------------- --------- ---------- ---------- -------- -------------------
Dividends
of surplus (456,951) (456,951)
----------------------- --------- ---------- ---------- -------- -------------------
Profit attributable
to owners
of parent 2,286,965 2,286,965
----------------------- --------- ---------- ---------- -------- -------------------
Purchase of
treasury shares (149) (149)
----------------------- --------- ---------- ---------- -------- -------------------
Disposal of
treasury shares
----------------------- --------- ---------- ---------- -------- -------------------
Net changes
of items other
than shareholders'
equity
----------------------- --------- ---------- ---------- -------- -------------------
Total changes
of items during
period - - 1,830,015 (149) 1,829,865
----------------------- --------- ---------- ---------- -------- -------------------
Balance at
end of current
period 8,646,720 11,946,793 21,654,339 (47,072) 42,200,781
----------------------- --------- ---------- ---------- -------- -------------------
Accumulated other Subscription Non-controlling Total
comprehensive income rights interests net assets
to shares
--------------------------------------------------- ------------ --------------- -----------
Valuation Foreign Total
difference currency accumulated
on available-for-sale translation other
securities adjustment comprehensive
income
--------------------- ------------ -------------- ------------ --------------- -----------
Balance at
beginning
of current
period 130,601 495,314 625,915 1,775 1,293 40,999,898
--------------------- --------------------- ------------ -------------- ------------ --------------- -----------
Changes of
items during
period
--------------------- --------------------- ------------ -------------- ------------ --------------- -----------
Dividends
of surplus (456,951)
--------------------- --------------------- ------------ -------------- ------------ --------------- -----------
Profit
attributable
to owners
of parent 2,286,965
--------------------- --------------------- ------------ -------------- ------------ --------------- -----------
Purchase of
treasury shares (149)
--------------------- --------------------- ------------ -------------- ------------ --------------- -----------
Disposal of
treasury shares
--------------------- --------------------- ------------ -------------- ------------ --------------- -----------
Net changes
of items other
than
shareholders'
equity (77,544) (1,050,483) (1,128,028) (1,293) (1,129,321)
--------------------- --------------------- ------------ -------------- ------------ --------------- -----------
Total changes
of items during
period (77,544) (1,050,483) (1,128,028) - (1,293) 700,545
--------------------- --------------------- ------------ -------------- ------------ --------------- -----------
Balance at
end of current
period 53,057 (555,170) (502,113) 1,775 - 41,700,443
--------------------- --------------------- ------------ -------------- ------------ --------------- -----------
Fiscal year ended March 31, 2017
(Thousands of
yen)
Shareholders' equity
----------------------------------------------------------------
Capital Capital Retained Treasury Total shareholders'
stock surplus earnings shares equity
--------- ---------- ---------- -------- -------------------
Balance at
beginning
of current
period 8,646,720 11,946,793 21,654,339 (47,072) 42,200,781
----------------------- --------- ---------- ---------- -------- -------------------
Changes of
items during
period
----------------------- --------- ---------- ---------- -------- -------------------
Dividends
of surplus (481,697) (481,697)
----------------------- --------- ---------- ---------- -------- -------------------
Profit attributable
to owners
of parent 2,850,320 2,850,320
----------------------- --------- ---------- ---------- -------- -------------------
Purchase of
treasury shares (326) (326)
----------------------- --------- ---------- ---------- -------- -------------------
Disposal of
treasury shares 2,153 5,347 7,500
----------------------- --------- ---------- ---------- -------- -------------------
Net changes
of items other
than shareholders'
equity
----------------------- --------- ---------- ---------- -------- -------------------
Total changes
of items during
period - 2,153 2,368,623 5,021 2,375,797
----------------------- --------- ---------- ---------- -------- -------------------
Balance at
end of current
period 8,646,720 11,948,947 24,022,963 (42,051) 44,576,578
----------------------- --------- ---------- ---------- -------- -------------------
Accumulated other Subscription Total
comprehensive income rights net assets
to shares
---------------------------------------------------- ------------ -----------
Valuation Foreign Total
difference currency accumulated
on available-for-sale translation other
securities adjustment comprehensive
income
---------------------- ------------ -------------- ------------ -----------
Balance at
beginning
of current
period 53,057 (555,170) (502,113) 1,775 41,700,443
----------------------- ---------------------- ------------ -------------- ------------ -----------
Changes of
items during
period
----------------------- ---------------------- ------------ -------------- ------------ -----------
Dividends
of surplus (481,697)
----------------------- ---------------------- ------------ -------------- ------------ -----------
Profit attributable
to owners
of parent 2,850,320
----------------------- ---------------------- ------------ -------------- ------------ -----------
Purchase of
treasury shares (326)
----------------------- ---------------------- ------------ -------------- ------------ -----------
Disposal of
treasury shares 7,500
----------------------- ---------------------- ------------ -------------- ------------ -----------
Net changes
of items other
than shareholders'
equity 68,122 (825,324) (757,202) (1,775) (758,977)
----------------------- ---------------------- ------------ -------------- ------------ -----------
Total changes
of items during
period 68,122 (825,324) (757,202) (1,775) 1,616,821
----------------------- ---------------------- ------------ -------------- ------------ -----------
Balance at
end of current
period 121,179 (1,380,493) (1,259,314) - 43,317,264
----------------------- ---------------------- ------------ -------------- ------------ -----------
Consolidated statements of cash flows
(Thousands
of yen)
----------------------------------------- --------------- ---------------
Fiscal year Fiscal year
ended ended
March 31, 2016 March 31, 2017
----------------------------------------- --------------- ---------------
Cash flows from operating
activities
Profit before income taxes 3,645,416 4,301,756
Loss on liquidation of business - 230,021
Impairment loss - 341,766
Depreciation 1,903,292 1,822,468
Amortization of goodwill 290,185 115,165
Increase (decrease) in allowance
for doubtful accounts (6,244) 53,448
Loss on valuation of investments
in capital of subsidiaries
and affiliates 18,940 -
Increase (decrease) in provision
for environmental measures (12,730) -
Loss (gain) on sales of
investment securities 6,816 (554)
Loss (gain) on sales and
retirement of non-current
assets 24,724 100,224
Interest and dividend income (63,300) (42,173)
Foreign exchange losses
(gains) 264,023 189,229
Decrease (increase) in notes
and accounts receivable
- trade 95,205 (804,838)
Decrease (increase) in inventories (418,729) (58,933)
Increase (decrease) in notes
and accounts payable - trade (873,176) 145,566
Other, net 97,409 (62,636)
Subtotal 4,971,833 6,330,509
--------------- ---------------
Interest and dividend income
received 63,124 44,079
Interest expenses paid (4,786) (863)
Income taxes paid (876,570) (1,024,751)
Net cash provided by (used
in) operating activities 4,153,600 5,348,974
--------------- ---------------
Cash flows from investing
activities
Net decrease (increase)
in time deposits (373,723) 635,350
Purchase of property, plant
and equipment (1,342,585) (1,969,003)
Proceeds from sales of property,
plant and equipment 7,485 12,400
Purchase of investment securities (3,745) (3,791)
Proceeds from sales of investment
securities 95,980 1,210
Purchase of intangible assets (50,147) (39,469)
Proceeds from sales of intangible
assets - 120,000
Purchase of long-term prepaid
expenses (1,500) -
Purchase of shares of subsidiaries - (2,536)
Other, net (6,835) (1,858)
--------------- ---------------
Net cash provided by (used
in) investing activities (1,675,070) (1,247,697)
--------------- ---------------
Cash flows from financing
activities
Repayments of long-term
loans payable (947,648) (230,593)
Purchase of treasury shares (149) (326)
Proceeds from sales of treasury
shares - 5,725
Cash dividends paid (456,951) (481,697)
Dividends paid to non-controlling
interests (1,233) -
--------------- ---------------
Net cash provided by (used
in) financing activities (1,405,982) (706,891)
--------------- ---------------
Effect of exchange rate
change on cash and cash
equivalents (222,485) (100,948)
Net increase (decrease)
in cash and cash equivalents 850,063 3,293,438
--------------- ---------------
Cash and cash equivalents
at beginning of period 13,683,508 14,540,571
Increase in cash and cash
equivalents from newly consolidated
subsidiary 7,000 -
Cash and cash equivalents
at end of period 14,540,571 17,834,008
--------------- ---------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR OKFDBKBKDOPK
(END) Dow Jones Newswires
May 08, 2017 06:32 ET (10:32 GMT)
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