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
  +0.00p - - - - - - - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- 0.0 185.2 - 0

Maruwa Co Ld 3rd Quarter Results

31/01/2019 10:40am

UK Regulatory (RNS & others)


TIDMMAW

RNS Number : 6903O

Maruwa Co Ld

31 January 2019

 
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 Nine Months Ended December 31, 2018 
                                 (Based on Japanese GAAP) 
                                                                          January 31, 2019 
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         February 8, 2019 
 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 nine months ended December 31, 2018 (from April 1, 2018 to December 31, 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 
 Nine months ended December 
  31, 2018                      30,149   7.7        6,959    5.0       7,315   10.9          4,838    10.1 
 Nine months ended December 
  31, 2017                      28,005  20.0        6,629   84.5       6,599   82.7          4,396    98.5 
                              --------  ----  -----------  -----  ----------  -----  -------------  ------ 
 
 
                              Earnings per share  Diluted earnings 
                                                      per share 
                                             Yen               Yen 
 Nine months ended December 
  31, 2018                                391.50                 - 
 Nine months ended December 
  31, 2017                                355.63                 - 
                              ------------------  ---------------- 
 

(2) Consolidated financial position

 
                           Total assets  Net assets   Equity ratio 
                            Millions of  Millions of             % 
                                    yen          yen 
 As of December 31, 2018         62,192       52,898          85.1 
 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                                 -            24.00                - 
                         ---------------  ---------------  ---------------  ---------------  ----- 
 Year ending March 31, 
  2019 (Forecast)                                                                     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 
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 nine  No 
     months ended December 31, 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 December 31, 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 December 31, 2018   18,876   shares   As of March 31, 2018  9,702   shares 
 -------------------------  ------           ---------------------  ----- 
 

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

 
  Nine months ended December                         Nine months ended December 
   31, 2018                    12,359,895   shares    31, 2017                   12,362,683   shares 
 ----------------------------  ----------           ---------------------------  ---------- 
 

Quarterly consolidated financial statements

Consolidated balance sheets

 
                                                                         (Thousands of yen) 
------------------------------------------------------  ---------------  ------------------ 
                                                        As of March 31,    As of December 
                                                              2018            31, 2018 
------------------------------------------------------  ---------------  ------------------ 
  Assets 
      Current assets 
           Cash and deposits                                 21,994,568          21,711,149 
           Notes and accounts receivable - trade              9,790,135          10,247,875 
           Electronically recorded monetary 
            claims - operating                                1,047,980           1,282,873 
           Merchandise and finished goods                     2,220,883           3,269,379 
           Work in process                                    1,817,145           2,185,853 
           Raw materials and supplies                         3,630,476           4,310,665 
           Other                                              1,171,284           1,224,325 
           Allowance for doubtful accounts                      (1,670)             (1,740) 
           Total current assets                              41,670,803          44,230,382 
                                                        ---------------  ------------------ 
      Non-current assets 
           Property, plant and equipment 
               Buildings and structures                      11,159,776          11,604,116 
                   Accumulated depreciation                 (6,133,121)         (6,388,471) 
                   Buildings and structures, net              5,026,654           5,215,644 
                                                        ---------------  ------------------ 
               Machinery, equipment and vehicles             19,595,623          20,457,414 
                   Accumulated depreciation                (15,542,570)        (16,167,078) 
                   Machinery, equipment and vehicles, 
                    net                                       4,053,052           4,290,335 
                                                        ---------------  ------------------ 
               Land                                           3,943,218           3,942,195 
               Construction in progress                         389,265           1,160,478 
               Other                                          4,163,793           4,502,448 
                   Accumulated depreciation                 (3,483,672)         (3,678,959) 
                   Other, net                                   680,121             823,489 
                                                        ---------------  ------------------ 
               Total property, plant and equipment           14,092,312          15,432,144 
                                                        ---------------  ------------------ 
           Intangible assets 
               Goodwill                                               -             262,785 
               Other                                            274,885             279,980 
               Total intangible assets                          274,885             542,766 
                                                        ---------------  ------------------ 
           Investments and other assets                       2,476,673           1,986,972 
           Total non-current assets                          16,843,870          17,961,882 
                                                        ---------------  ------------------ 
      Total assets                                           58,514,674          62,192,265 
                                                        ---------------  ------------------ 
 
 
                                                                         (Thousands of yen) 
------------------------------------------------------  ---------------  ------------------ 
                                                        As of March 31,    As of December 
                                                              2018            31, 2018 
------------------------------------------------------  ---------------  ------------------ 
  Liabilities 
      Current liabilities 
           Notes and accounts payable - trade                 2,428,784           2,419,018 
           Electronically recorded obligations 
            - operating                                       1,456,612           1,950,146 
           Income taxes payable                               2,061,684             741,216 
           Provision for bonuses                                542,637             398,537 
           Provision for directors' bonuses                      63,000              31,500 
           Provision for environmental measures                   3,436                   - 
           Other                                              2,079,222           2,908,487 
           Total current liabilities                          8,635,378           8,448,906 
                                                        ---------------  ------------------ 
      Non-current liabilities 
           Deferred tax liabilities                             449,309             492,647 
           Net defined benefit liability                         82,126                   - 
           Other                                                318,304             352,346 
           Total non-current liabilities                        849,740             844,993 
                                                        ---------------  ------------------ 
      Total liabilities                                       9,485,118           9,293,900 
                                                        ---------------  ------------------ 
  Net assets 
      Shareholders' equity 
           Capital stock                                      8,646,720           8,646,720 
           Capital surplus                                   11,996,407          11,994,350 
           Retained earnings                                 29,048,238          33,318,499 
           Treasury shares                                     (77,131)           (132,111) 
           Total shareholders' equity                        49,614,235          53,827,457 
                                                        ---------------  ------------------ 
      Accumulated other comprehensive income 
           Valuation difference on available-for-sale 
            securities                                          166,404             115,953 
           Foreign currency translation adjustment            (751,083)         (1,045,045) 
           Total accumulated other comprehensive 
            income                                            (584,678)           (929,092) 
                                                        ---------------  ------------------ 
      Total net assets                                       49,029,556          52,898,365 
                                                        ---------------  ------------------ 
  Total liabilities and net assets                           58,514,674          62,192,265 
                                                        ---------------  ------------------ 
 

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

Consolidated statements of income (cumulative)

 
                                                                        (Thousands of yen) 
--------------------------------------------------  ------------------  ------------------ 
                                                    Nine months ended   Nine months ended 
                                                     December 31, 2017   December 31, 2018 
--------------------------------------------------  ------------------  ------------------ 
  Net sales                                                 28,005,826          30,149,733 
  Cost of sales                                             15,820,021          16,948,543 
  Gross profit                                              12,185,805          13,201,190 
                                                    ------------------  ------------------ 
  Selling, general and administrative 
   expenses                                                  5,556,595           6,242,188 
  Operating profit                                           6,629,209           6,959,002 
                                                    ------------------  ------------------ 
  Non-operating income 
      Interest income                                           23,708              21,212 
      Rent income                                               54,668              57,211 
      Foreign exchange gains                                         -             250,261 
      Other                                                     27,017              83,028 
      Total non-operating income                               105,394             411,714 
                                                    ------------------  ------------------ 
  Non-operating expenses 
      Interest expenses                                              7                   - 
      Foreign exchange losses                                   99,867                   - 
      Rent expenses on real estate for 
       investments                                              31,162              45,143 
      Other                                                      4,123               9,743 
      Total non-operating expenses                             135,160              54,887 
                                                    ------------------  ------------------ 
  Ordinary profit                                            6,599,444           7,315,829 
                                                    ------------------  ------------------ 
  Extraordinary income 
      Gain on sales of non-current assets                        8,162               4,043 
      Gain on bargain purchase                                   8,199                   - 
      Gain on sales of investment securities                         -               3,469 
      Total extraordinary income                                16,362               7,512 
                                                    ------------------  ------------------ 
  Extraordinary losses 
      Loss on sales and retirement of non-current 
       assets                                                   57,982               5,354 
      Loss on liquidation of business                           83,248                   - 
      Retirement benefit expenses                                    -              51,447 
      Total extraordinary losses                               141,231              56,801 
                                                    ------------------  ------------------ 
  Profit before income taxes                                 6,474,575           7,266,540 
                                                    ------------------  ------------------ 
  Income taxes - current                                     1,971,317           2,223,395 
  Income taxes - deferred                                      106,657             204,222 
  Total income taxes                                         2,077,974           2,427,618 
                                                    ------------------  ------------------ 
  Profit                                                     4,396,601           4,838,922 
                                                    ------------------  ------------------ 
  Profit attributable to owners of 
   parent                                                    4,396,601           4,838,922 
                                                    ------------------  ------------------ 
 

Consolidated statements of comprehensive income (cumulative)

 
                                                                       (Thousands of yen) 
-------------------------------------------------  ------------------  ------------------ 
                                                   Nine months ended   Nine months ended 
                                                    December 31, 2017   December 31, 2018 
-------------------------------------------------  ------------------  ------------------ 
  Profit                                                    4,396,601           4,838,922 
  Other comprehensive income 
      Valuation difference on available-for-sale 
       securities                                              87,824            (50,450) 
      Foreign currency translation adjustment                 750,142           (293,962) 
      Total other comprehensive income                        837,967           (344,413) 
                                                   ------------------  ------------------ 
  Comprehensive income                                      5,234,568           4,494,508 
                                                   ------------------  ------------------ 
  Comprehensive income attributable 
   to 
      Comprehensive income attributable 
       to owners of parent                                  5,234,568           4,494,508 
 

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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January 31, 2019 05:40 ET (10:40 GMT)

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