Share Name Share Symbol Market Type Share ISIN Share Description
Maruwa Co. Ltd Npv NEX:MAW.GB NEX Common Stock JP3879250003
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.00 0.00 0.00 0.00 0.00 0.00 0 -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- 0.0 185.2 - 0

Maruwa Co Ld 1st Quarter Results

26/07/2018 11:05am

UK Regulatory (RNS & others)


TIDMMAW

RNS Number : 8861V

Maruwa Co Ld

26 July 2018

 
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 Three Months Ended June 30, 2018 
                                 (Based on Japanese GAAP) 
                                                                             July 26, 2018 
Company name:       MARUWA CO., LTD. 
Stock exchange      Tokyo, Nagoya 
 listing: 
Stock code:         5344      URL https://www.maruwa-g.com/ 
Representative:     President and Representative    Sei Kanbe 
                     Director 
Inquiries:          Director, General Manager       Tamaki Nozoki    TEL 0561-51-0839 
                     of Administrative Division 
Scheduled date to file Quarterly Securities         August 9, 2018 
 Report: 
Scheduled date to commence dividend                 - 
 payments: 
Preparation of supplementary material               No 
 on quarterly financial results: 
Holding of quarterly financial results              No 
 meeting: 
 
 
 
  (Amounts less than one million yen are 
                           rounded down) 
 

1. Consolidated financial results for the three months ended June 30, 2018 (from April 1, 2018 to June 30, 2018)

 
   (1) Consolidated operating results  Percentages indicate year-on-year changes 
    (cumulative) 
 
 
                             Net sales      Operating profit    Ordinary profit    Profit attributable 
                                                                                       to owners of 
                                                                                          parent 
                           Millions     %     Millions      %    Millions      %      Millions        % 
                             of yen             of yen             of yen               of yen 
 Three months ended June 
  30, 2018                    9,329  14.1        2,051   22.8       2,250   36.1         1,509     40.0 
 Three months ended June 
  30, 2017                    8,175  11.4        1,670   51.7       1,652  101.9         1,078    112.1 
                           --------  ----  -----------  -----  ----------  -----  ------------  ------- 
 
 
                           Earnings per share  Diluted earnings 
                                                   per share 
                                          Yen               Yen 
 Three months ended June 
  30, 2018                             122.11                 - 
 Three months ended June 
  30, 2017                              87.32                 - 
                           ------------------  ---------------- 
 

(2) Consolidated financial position

 
                        Total assets  Net assets   Equity ratio 
                         Millions of  Millions of             % 
                                 yen          yen 
 As of June 30, 2018          57,972       50,193          86.6 
 As of March 31, 2018         58,514       49,029          83.8 
                        ------------  -----------  ------------ 
 

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, 
  2018                                 -            22.00                -            22.00  44.00 
 Year ending March 31,                 - 
  2019 
                         ---------------  ---------------  ---------------  ---------------  ----- 
 Year ending March 31, 
  2019 (Forecast)                                   24.00                -            24.00  48.00 
                         ---------------  ---------------  ---------------  ---------------  ----- 
 

3. Forecast of consolidated financial results for the year ending March 31, 2019 (from April 1, 2018 to March 31, 2019)

 
  Percentages indicate year-on-year changes 
 
 
                      Net sales     Operating profit    Ordinary profit    Profit attributable    Earnings 
                                                                               to owners of       per share 
                                                                                  parent 
                    Millions    %      Millions     %    Millions      %       Millions       %         Yen 
                      of yen             of yen            of yen                of yen 
Six months ending 
   September 30, 
       2018           18,100  3.7         4,050   3.9       4,050    1.8          2,700     2.2      218.40 
    Full year         40,300  4.6         9,800   6.8       9,850   11.1          6,550    18.1      529.83 
                    --------  ---  ------------  ----  ----------  -----  -------------  ------  ---------- 
 

4. Notes

 
    (1) Changes in significant subsidiaries during the three  No 
     months ended June 30, 2018 
     (changes in specified subsidiaries resulting in the 
     change in scope of consolidation): 
 
 
(2) Application of special accounting methods for preparing  No 
 quarterly consolidated financial statements: 
 

(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements

 
Changes in accounting policies due to revisions to    No 
 accounting standards and other regulations: 
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 June 30, 2018   12,372,000   shares   As of March 31, 2018  12,372,000   shares 
 ---------------------  ----------           ---------------------  ---------- 
 

Number of treasury shares at the end of the period

 
  As of June 30, 2018   9,826   shares   As of March 31, 2018  9,702   shares 
 ---------------------  -----           ---------------------  ----- 
 

Average number of shares during the period (cumulative from the beginning of the fiscal year)

 
  Three months ended June                         Three months ended June 
   30, 2018                 12,362,225   shares    30, 2017                12,351,971   shares 
 -------------------------  ----------           ------------------------  ---------- 
 

Quarterly consolidated financial statements

Consolidated balance sheets

 
                                                                         (Thousands of yen) 
------------------------------------------------------  ---------------  ------------------ 
                                                        As of March 31,    As of June 30, 
                                                              2018              2018 
------------------------------------------------------  ---------------  ------------------ 
  Assets 
      Current assets 
           Cash and deposits                                 21,994,568          22,020,958 
           Notes and accounts receivable - trade              9,790,135           9,213,579 
           Electronically recorded monetary 
            claims - operating                                1,047,980           1,155,141 
           Merchandise and finished goods                     2,220,883           2,470,471 
           Work in process                                    1,817,145           1,817,393 
           Raw materials and supplies                         3,630,476           3,666,912 
           Other                                              1,171,284             752,163 
           Allowance for doubtful accounts                      (1,670)             (1,580) 
           Total current assets                              41,670,803          41,095,040 
                                                        ---------------  ------------------ 
      Non-current assets 
           Property, plant and equipment 
               Buildings and structures                      11,159,776          11,248,478 
                   Accumulated depreciation                 (6,133,121)         (6,212,037) 
                   Buildings and structures, net              5,026,654           5,036,441 
                                                        ---------------  ------------------ 
               Machinery, equipment and vehicles             19,595,623          19,803,893 
                   Accumulated depreciation                (15,542,570)        (15,686,639) 
                   Machinery, equipment and vehicles, 
                    net                                       4,053,052           4,117,253 
                                                        ---------------  ------------------ 
               Land                                           3,943,218           3,940,123 
               Construction in progress                         389,265             468,728 
               Other                                          4,163,793           4,259,698 
                   Accumulated depreciation                 (3,483,672)         (3,546,604) 
                   Other, net                                   680,121             713,094 
                                                        ---------------  ------------------ 
               Total property, plant and equipment           14,092,312          14,275,641 
                                                        ---------------  ------------------ 
           Intangible assets 
               Other                                            274,885             283,611 
               Total intangible assets                          274,885             283,611 
                                                        ---------------  ------------------ 
           Investments and other assets                       2,476,673           2,317,779 
           Total non-current assets                          16,843,870          16,877,032 
                                                        ---------------  ------------------ 
      Total assets                                           58,514,674          57,972,073 
                                                        ---------------  ------------------ 
 
 
                                                                         (Thousands of yen) 
------------------------------------------------------  ---------------  ------------------ 
                                                        As of March 31,    As of June 30, 
                                                              2018              2018 
------------------------------------------------------  ---------------  ------------------ 
  Liabilities 
      Current liabilities 
           Notes and accounts payable - trade                 2,428,784           2,238,456 
           Electronically recorded obligations 
            - operating                                       1,456,612           1,357,949 
           Income taxes payable                               2,061,684             535,555 
           Provision for bonuses                                542,637             320,382 
           Provision for directors' bonuses                      63,000               3,500 
           Provision for environmental measures                   3,436                   - 
           Other                                              2,079,222           2,339,284 
           Total current liabilities                          8,635,378           6,795,128 
                                                        ---------------  ------------------ 
      Non-current liabilities 
           Deferred tax liabilities                             449,309             582,514 
           Net defined benefit liability                         82,126              76,508 
           Other                                                318,304             324,539 
           Total non-current liabilities                        849,740             983,562 
                                                        ---------------  ------------------ 
      Total liabilities                                       9,485,118           7,778,690 
                                                        ---------------  ------------------ 
  Net assets 
      Shareholders' equity 
           Capital stock                                      8,646,720           8,646,720 
           Capital surplus                                   11,996,407          11,996,407 
           Retained earnings                                 29,048,238          30,285,886 
           Treasury shares                                     (77,131)            (78,195) 
           Total shareholders' equity                        49,614,235          50,850,818 
                                                        ---------------  ------------------ 
      Accumulated other comprehensive income 
           Valuation difference on available-for-sale 
            securities                                          166,404             164,943 
           Foreign currency translation adjustment            (751,083)           (822,379) 
           Total accumulated other comprehensive 
            income                                            (584,678)           (657,435) 
                                                        ---------------  ------------------ 
      Total net assets                                       49,029,556          50,193,382 
                                                        ---------------  ------------------ 
  Total liabilities and net assets                           58,514,674          57,972,073 
                                                        ---------------  ------------------ 
 

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

 
                                                                        (Thousands of yen) 
--------------------------------------------------  ------------------  ------------------ 
                                                    Three months ended  Three months ended 
                                                       June 30, 2017       June 30, 2018 
--------------------------------------------------  ------------------  ------------------ 
  Net sales                                                  8,175,409           9,329,907 
  Cost of sales                                              4,774,372           5,315,196 
  Gross profit                                               3,401,036           4,014,710 
                                                    ------------------  ------------------ 
  Selling, general and administrative 
   expenses                                                  1,730,586           1,963,094 
  Operating profit                                           1,670,450           2,051,616 
                                                    ------------------  ------------------ 
  Non-operating income 
      Interest income                                            5,379               5,030 
      Rent income                                               20,241              19,681 
      Foreign exchange gains                                         -             150,284 
      Other                                                      8,915              44,964 
      Total non-operating income                                34,536             219,961 
                                                    ------------------  ------------------ 
  Non-operating expenses 
      Interest expenses                                              7                   - 
      Rent expenses on real estate for 
       investments                                              10,017              13,679 
      Foreign exchange losses                                   38,517                   - 
      Other                                                      3,471               7,812 
      Total non-operating expenses                              52,014              21,491 
                                                    ------------------  ------------------ 
  Ordinary profit                                            1,652,971           2,250,085 
                                                    ------------------  ------------------ 
  Extraordinary income 
      Gain on sales of non-current assets                          537                 473 
      Gain on sales of investment securities                         -               3,458 
      Total extraordinary income                                   537               3,932 
                                                    ------------------  ------------------ 
  Extraordinary losses 
      Loss on sales and retirement of non-current 
       assets                                                   55,363               1,576 
      Total extraordinary losses                                55,363               1,576 
                                                    ------------------  ------------------ 
  Profit before income taxes                                 1,598,145           2,252,442 
                                                    ------------------  ------------------ 
  Income taxes - current                                       368,956             452,742 
  Income taxes - deferred                                      150,512             290,082 
  Total income taxes                                           519,468             742,824 
                                                    ------------------  ------------------ 
  Profit                                                     1,078,677           1,509,618 
                                                    ------------------  ------------------ 
  Profit attributable to owners of 
   parent                                                    1,078,677           1,509,618 
                                                    ------------------  ------------------ 
 

Consolidated statements of comprehensive income (cumulative)

 
                                                                       (Thousands of yen) 
-------------------------------------------------  ------------------  ------------------ 
                                                   Three months ended  Three months ended 
                                                      June 30, 2017       June 30, 2018 
-------------------------------------------------  ------------------  ------------------ 
  Profit                                                    1,078,677           1,509,618 
  Other comprehensive income 
      Valuation difference on available-for-sale 
       securities                                              25,119             (1,460) 
      Foreign currency translation adjustment                 201,908            (71,296) 
      Total other comprehensive income                        227,028            (72,756) 
                                                   ------------------  ------------------ 
  Comprehensive income                                      1,305,705           1,436,861 
                                                   ------------------  ------------------ 
  Comprehensive income attributable 
   to 
      Comprehensive income attributable 
       to owners of parent                                  1,305,705           1,436,861 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 26, 2018 06:05 ET (10:05 GMT)

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