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 Half-year Report

30/10/2018 10:22am

UK Regulatory (RNS & others)


TIDMMAW

RNS Number : 7108F

Maruwa Co Ld

30 October 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 Six Months Ended September 30, 2018 
                                 (Based on Japanese GAAP) 
                                                                          October 30, 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         November 9, 2018 
 Report: 
Scheduled date to commence dividend                 December 10, 2018 
 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 six months ended September 30, 2018 (from April 1, 2018 to September 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 
 Six months ended September 
  30, 2018                      19,454  11.5        4,419   13.4       4,750   19.4         3,233     22.4 
 Six months ended September 
  30, 2017                      17,454  15.1        3,898   69.1       3,979   96.3         2,641    129.3 
                              --------  ----  -----------  -----  ----------  -----  ------------  ------- 
 
 
                              Earnings per share  Diluted earnings 
                                                      per share 
                                             Yen               Yen 
 Six months ended September 
  30, 2018                                261.53                 - 
 Six months ended September 
  30, 2017                                213.78                 - 
                              ------------------  ---------------- 
 

(2) Consolidated financial position

 
                            Total assets  Net assets   Equity ratio 
                             Millions of  Millions of             % 
                                     yen          yen 
 As of September 30, 2018         61,038       51,956          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 six  No 
     months ended September 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 September 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 September 30, 
   2018                 9,876   shares   As of March 31, 2018  9,702   shares 
 ---------------------  -----           ---------------------  ----- 
 

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

 
  Six months ended September                         Six months ended September 
   30, 2018                    12,362,177   shares    30, 2017                   12,358,376   shares 
 ----------------------------  ----------           ---------------------------  ---------- 
 

Quarterly consolidated financial statements

Consolidated balance sheets

 
                                                                         (Thousands of yen) 
------------------------------------------------------  ---------------  ------------------ 
                                                        As of March 31,   As of September 
                                                              2018            30, 2018 
------------------------------------------------------  ---------------  ------------------ 
  Assets 
      Current assets 
           Cash and deposits                                 21,994,568          24,143,638 
           Notes and accounts receivable - trade              9,790,135           9,062,608 
           Electronically recorded monetary 
            claims - operating                                1,047,980           1,199,056 
           Merchandise and finished goods                     2,220,883           2,841,026 
           Work in process                                    1,817,145           1,859,155 
           Raw materials and supplies                         3,630,476           3,781,437 
           Other                                              1,171,284             874,017 
           Allowance for doubtful accounts                      (1,670)             (1,410) 
           Total current assets                              41,670,803          43,759,529 
                                                        ---------------  ------------------ 
      Non-current assets 
           Property, plant and equipment 
               Buildings and structures                      11,159,776          11,549,622 
                   Accumulated depreciation                 (6,133,121)         (6,329,088) 
                   Buildings and structures, net              5,026,654           5,220,534 
                                                        ---------------  ------------------ 
               Machinery, equipment and vehicles             19,595,623          20,345,720 
                   Accumulated depreciation                (15,542,570)        (16,116,425) 
                   Machinery, equipment and vehicles, 
                    net                                       4,053,052           4,229,295 
                                                        ---------------  ------------------ 
               Land                                           3,943,218           3,943,484 
               Construction in progress                         389,265             695,301 
               Other                                          4,163,793           4,431,655 
                   Accumulated depreciation                 (3,483,672)         (3,668,691) 
                   Other, net                                   680,121             762,964 
                                                        ---------------  ------------------ 
               Total property, plant and equipment           14,092,312          14,851,579 
                                                        ---------------  ------------------ 
           Intangible assets 
               Other                                            274,885             281,315 
               Total intangible assets                          274,885             281,315 
                                                        ---------------  ------------------ 
           Investments and other assets                       2,476,673           2,146,192 
           Total non-current assets                          16,843,870          17,279,086 
                                                        ---------------  ------------------ 
      Total assets                                           58,514,674          61,038,615 
                                                        ---------------  ------------------ 
 
 
                                                                         (Thousands of yen) 
------------------------------------------------------  ---------------  ------------------ 
                                                        As of March 31,   As of September 
                                                              2018            30, 2018 
------------------------------------------------------  ---------------  ------------------ 
  Liabilities 
      Current liabilities 
           Notes and accounts payable - trade                 2,428,784           2,380,240 
           Electronically recorded obligations 
            - operating                                       1,456,612           1,667,123 
           Income taxes payable                               2,061,684           1,387,519 
           Provision for bonuses                                542,637             614,364 
           Provision for directors' bonuses                      63,000               7,000 
           Provision for environmental measures                   3,436                   - 
           Other                                              2,079,222           2,176,311 
           Total current liabilities                          8,635,378           8,232,560 
                                                        ---------------  ------------------ 
      Non-current liabilities 
           Deferred tax liabilities                             449,309             480,740 
           Net defined benefit liability                         82,126              41,983 
           Other                                                318,304             326,717 
           Total non-current liabilities                        849,740             849,441 
                                                        ---------------  ------------------ 
      Total liabilities                                       9,485,118           9,082,002 
                                                        ---------------  ------------------ 
  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          32,009,397 
           Treasury shares                                     (77,131)            (78,637) 
           Total shareholders' equity                        49,614,235          52,573,887 
                                                        ---------------  ------------------ 
      Accumulated other comprehensive income 
           Valuation difference on available-for-sale 
            securities                                          166,404             150,100 
           Foreign currency translation adjustment            (751,083)           (767,374) 
           Total accumulated other comprehensive 
            income                                            (584,678)           (617,273) 
                                                        ---------------  ------------------ 
      Total net assets                                       49,029,556          51,956,613 
                                                        ---------------  ------------------ 
  Total liabilities and net assets                           58,514,674          61,038,615 
                                                        ---------------  ------------------ 
 

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

Consolidated statements of income (cumulative)

 
                                                                          (Thousands of yen) 
--------------------------------------------------  -------------------  ------------------- 
                                                     Six months ended     Six months ended 
                                                     September 30, 2017   September 30, 2018 
--------------------------------------------------  -------------------  ------------------- 
  Net sales                                                  17,454,887           19,454,451 
  Cost of sales                                               9,994,317           11,047,244 
  Gross profit                                                7,460,570            8,407,206 
                                                    -------------------  ------------------- 
  Selling, general and administrative 
   expenses                                                   3,562,454            3,987,551 
  Operating profit                                            3,898,116            4,419,655 
                                                    -------------------  ------------------- 
  Non-operating income 
      Interest income                                            12,810               13,184 
      Rent income                                                38,832               38,518 
      Foreign exchange gains                                     39,693              257,184 
      Other                                                      14,276               56,322 
      Total non-operating income                                105,612              365,209 
                                                    -------------------  ------------------- 
  Non-operating expenses 
      Interest expenses                                               7                    - 
      Rent expenses on real estate for 
       investments                                               20,089               27,451 
      Other                                                       4,115                6,965 
      Total non-operating expenses                               24,212               34,417 
                                                    -------------------  ------------------- 
  Ordinary profit                                             3,979,516            4,750,446 
                                                    -------------------  ------------------- 
  Extraordinary income 
      Gain on sales of non-current assets                         7,760                2,947 
      Gain on sales of investment securities                          -                3,469 
      Total extraordinary income                                  7,760                6,416 
                                                    -------------------  ------------------- 
  Extraordinary losses 
      Loss on sales and retirement of non-current 
       assets                                                    55,620                1,577 
      Loss on liquidation of business                            73,106                    - 
      Retirement benefit expenses                                     -               11,437 
      Total extraordinary losses                                128,726               13,014 
                                                    -------------------  ------------------- 
  Profit before income taxes                                  3,858,550            4,743,848 
                                                    -------------------  ------------------- 
  Income taxes - current                                      1,163,720            1,437,390 
  Income taxes - deferred                                        52,839               73,329 
  Total income taxes                                          1,216,560            1,510,719 
                                                    -------------------  ------------------- 
  Profit                                                      2,641,990            3,233,129 
                                                    -------------------  ------------------- 
  Profit attributable to owners of 
   parent                                                     2,641,990            3,233,129 
                                                    -------------------  ------------------- 
 

Consolidated statements of comprehensive income (cumulative)

 
                                                                         (Thousands of yen) 
-------------------------------------------------  -------------------  ------------------- 
                                                    Six months ended     Six months ended 
                                                    September 30, 2017   September 30, 2018 
-------------------------------------------------  -------------------  ------------------- 
  Profit                                                     2,641,990            3,233,129 
  Other comprehensive income 
      Valuation difference on available-for-sale 
       securities                                               43,658             (16,303) 
      Foreign currency translation adjustment                  402,856             (16,291) 
      Total other comprehensive income                         446,514             (32,595) 
                                                   -------------------  ------------------- 
  Comprehensive income                                       3,088,505            3,200,534 
                                                   -------------------  ------------------- 
  Comprehensive income attributable 
   to 
      Comprehensive income attributable 
       to owners of parent                                   3,088,505            3,200,534 
 

Consolidated statements of cash flows

 
                                                                        (Thousands of yen) 
------------------------------------------------  -------------------  ------------------- 
                                                   Six months ended     Six months ended 
                                                   September 30, 2017   September 30, 2018 
------------------------------------------------  -------------------  ------------------- 
  Cash flows from operating activities 
      Profit before income taxes                            3,858,550            4,743,848 
      Depreciation                                            864,388              949,949 
      Loss on liquidation of business                          73,106                    - 
      Amortization of goodwill                                 13,827                    - 
      Increase (decrease) in allowance 
       for doubtful accounts                                      196                (624) 
      Increase (decrease) in provision 
       for environmental measures                                   -              (3,436) 
      Loss (gain) on sales of investment 
       securities                                                   -              (3,469) 
      Loss (gain) on sales and retirement 
       of non-current assets                                   47,859              (1,370) 
      Increase (decrease) in net defined 
       benefit liability                                            -             (40,142) 
      Interest and dividend income                           (15,439)             (46,660) 
      Foreign exchange losses (gains)                         (1,986)             (84,723) 
      Decrease (increase) in notes and 
       accounts receivable - trade                          (482,552)              578,790 
      Decrease (increase) in inventories                    (590,714)            (820,210) 
      Increase (decrease) in notes and 
       accounts payable - trade                             (160,228)            (158,961) 
      Other, net                                              272,781              395,665 
      Subtotal                                              3,879,788            5,508,654 
                                                  -------------------  ------------------- 
      Interest and dividend income received                    15,439               46,654 
      Interest expenses paid                                      (7)                    - 
      Income taxes paid                                     (908,579)          (2,063,456) 
      Net cash provided by (used in) operating 
       activities                                           2,986,641            3,491,852 
                                                  -------------------  ------------------- 
  Cash flows from investing activities 
      Net decrease (increase) in time deposits               (87,882)               13,832 
      Purchase of property, plant and equipment           (1,079,555)          (1,391,537) 
      Proceeds from sales of property, 
       plant and equipment                                     14,054                6,007 
      Purchase of investment securities                       (1,996)              (8,148) 
      Proceeds from sales of investment 
       securities                                                   -                9,469 
      Purchase of intangible assets                          (12,545)             (30,390) 
      Purchase of shares of subsidiaries                     (24,003)                    - 
      Other, net                                              (2,188)              258,057 
      Net cash provided by (used in) investing 
       activities                                         (1,194,118)          (1,142,709) 
                                                  -------------------  ------------------- 
  Cash flows from financing activities 
      Repayments of long-term loans payable                  (22,800)                    - 
      Purchase of treasury shares                            (51,066)              (1,506) 
      Cash dividends paid                                   (247,047)            (271,970) 
      Net cash provided by (used in) financing 
       activities                                           (320,913)            (273,477) 
                                                  -------------------  ------------------- 
  Effect of exchange rate change on 
   cash and cash equivalents                                   39,770               84,519 
  Net increase (decrease) in cash and 
   cash equivalents                                         1,511,379            2,160,185 
                                                  -------------------  ------------------- 
  Cash and cash equivalents at beginning 
   of period                                               17,834,008           21,799,447 
  Cash and cash equivalents at end 
   of period                                               19,345,387           23,959,633 
                                                  -------------------  ------------------- 
 

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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October 30, 2018 06:22 ET (10:22 GMT)

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