We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| 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 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Porcelain Electrical Supply | 61.56B | 15.22B | 1233.3294 | 5.68 | 86.36B |
TIDMMAW
RNS Number : 5738I
Maruwa Co Ld
26 July 2012
Hot Features
Premium
MARUWA CO., LTD. 26-Jul.2012
3-83, Minamihonjigahara-cho, Owariasahi-city,
Aichi-pref., 488-0044 JAPAN
Consolidated financial results for the first quarter of Fiscal
2013
MARUWA CO., LTD. today announced its consolidated financial
results for the first quarter of Fiscal 2012<1 April 2012 -
30 June 2012> as follows;
I. Summary of Consolidated Financial
Results
(1) Summary of consolidated
operating results
JPY million
--------------- -------------- -------------
Change
1st Quarter 1st Quarter %
1 April - 1 April -
30 June 30 June
2011 2012
--------------- -------------- -------------
Net sales 5,355 5,310 * 0.8%
Operating income 993 625 * 37.1%
Income before income
taxes 1,023 474 * 53.7%
Net income 687 334 * 51.4%
--------------- -------------- -------------
Net income per share: JPY
--------------- -------------- -------------
Basic 63.92 27.11 * 57.6%
Diluted 63.83 27.10 --
--------------- -------------- -------------
(2) Summary of consolidated
financial condition
As of 30 Change
As of 31 March June %
2012 2012
--------------- -------------- -------------
Total assets 40,808 38,916 * 4.6%
Total net assets 34,407 33,994 * 1.2%
--------------- -------------- -------------
Equity ratio 84.2% 87.3% 3.0%
--------------- -------------- -------------
JPY
Total net assets
per share 2,793.36 2,759.24
--------------- -------------- -------------
II. Dividends
JPY per share
--------------- --------------
Fiscal 2012 Fiscal 2013
(forecast)
--------------- --------------
Interim 15 15
Year-end 15 15
--------------- --------------
Total 30 30
--------------- --------------
*Cautionary statements: the above forecasts are
forward-looking statements involving risks and
uncertainties. Due to a number of factors, actual
results may differ significantly from these estimates.
II. Outlook for the fiscal 2013<1 April
2012 - 31 March 2013>
The forecast figures for business results and dividends announced
in 28 April 2011 are not changed.
*The financial statements are prepared in conformity with the
accounting principles generally accepted in Japan.
*Consolidated subsidiaries: 13companies.
Review of Operations
1. Review of Operations
In this first quarter, the growth of the world economy has slowed due to the expanded Eurozone debt problem and to the rapidly economies in emerging countries, including China, rapidly losing steam.
Despite a strong automotive market and the need for the reconstruction of the Tohoku area, the Japanese economy still has some uncertainty in its outlook because of unstable employment, sluggish personal consumption, unstable electric power supply, deflation and the appreciation of the yen.
In this severe economic situation, the MARUWA Group's business results during this first half of this fiscal year was in line with our plan due to strong demand for ceramic substrate for power modules and for new products for smart phone devices.
As a result, our consolidated sales were 5,310 million yen. (This is down 0.8% compared to the same period last year) Our operating income was 625 million yen. (This is down 37.0% compared to the same period last year) Ordinary profit was 490 million yen (down 52.5%). Net income was 334 million yen (down 51.4%).
2.Operating Results by Business Division
The Ceramic Components Division
The total sales for this business segment was 5,016 million yen. (This is down 2.1% compared to the same period last year).
The market for environment-related products, the power modules market and the smart phone market have remained strong.
Operating income was 811 million yen.
Lighting Equipment Division
The turnover was 294 million yen. This is a 27.1% increase over the same period last year. Operating profit was 23 million yen compared to a 35 million loss last year. This improvement is due to a consistent increase in inquiries and orders for LED lighting devices in the public utilities markets. New types of products were very successful. MARUWA is continuing to press forward with the development and promotion of new LED lighting products.
Review of Operations
Review of operating results
by segment
JPY million
------------
1st Quarter 1st Quarter
1 April 1 April -
- 30 June 30 June
2011 2012
------------ ------------
Ceramic Components:
Net sales 5,124 5,016
Operating income 1,199 811
------------ ------------
Lighting Equipment:
Net sales 231 294
Operating income (35) 23
------------ ------------
Total:
Net sales 5,355 5,310
Operating income 1,164 834
------------ ------------
Elimination:
Net sales -- --
Operating income (171) (209)
------------ ------------
Consolidated:
Net sales 5,355 5,310
Operating income 993 625
------------ ------------
3. Financial Condition
Total assets as of the end of this first quarter were 38,916million yen, down 4.6 from the end of last fiscal year . Total liabilities decreased 1,479 million yen to 4,922 million yen from the previous year-end. Total net assets decreased 413 million yen to 33,994 million yen because of an increase in retained earnings.
Consolidated Balance Sheet
Consolidated Balance
Sheet
JPY million
------------ ------------
1st Quarter (Reference)
As of 30 As of 31
June March
2012 2012
------------ ------------
ASSETS
Current assets:
Cash & deposits 9,236 10,649
Trade notes and accounts
receivable 6,701 6,373
Inventories: 5,497 5,591
Deferred tax assets 100 219
Other current assets 303 716
Allowance for doubtful
accounts (1) (2)
Total current assets 21,836 23,546
------------ ------------
Property, plant & equipment:
Land 3,571 3,789
Buildings & structures 3,839 3,965
Machinery & equipment 4,956 4,567
Other 534 533
Construction in progress 2,582 2,747
Total property, plant
& equipment 15,482 15,601
------------ ------------
Intangible Assets 220 221
Net property, plant &
equipment 15,702 15,822
Investment & other assets:
Total investments & other
assets 1,378 1,440
------------ ------------
Total assets 38,916 40,808
------------ ------------
LIABILITIES
Current liabilities:
Trade notes & accounts payable 1,820 2,230
Current portion of long-term
debt 5 5
Accrued income taxes 71 739
Accrued bonus 171 322
Accrued bonus to directors 2 14
Notes payable for property
acquisitions 978 1,457
Other 1,523 1,270
Total current liabilities 4,570 6,037
-------- --------
Long-term liabilities:
Long-term debt 110 111
Diferrred tax liabilities 5 17
Other 237 236
Total long-term liabilities 352 364
-------- --------
Total liabilities 4,922 6,401
-------- --------
NET ASSETS
Shareholders' equity:
Common stock 8,647 8,647
Capital surplus 11,909 11,906
Retained earnings 15,659 15,510
Treasury stock, at cost (134) (141)
Total shareholders' equity 36,081 35,922
-------- --------
Valuation and translation
adjustments:
Net unrealized gains(losses)on
available-for-sale securities (25) 13
Foreign currency translation
adjustments (2,094) (1,562)
Total valuation and translation
adjustments (2,119) (1,549)
-------- --------
A subscription warrant and
Minority stockholders share 32 34
Total shareholders' equity 32 34
-------- --------
Total net assets 33,994 34,407
-------- --------
Total liabilities and net
assets 38,916 40,808
-------- --------
Consolidated Statements of
Income
JPY million
------------ ------------
1st Quarter 1st Quarter
1 April - 1 April
30 June - 30 June
2011 2012
------------ ------------
Net sales 5,355 5,310
Cost of sales 3,435 3,767
Gross profit 1,920 1,543
------------ ------------
Selling, general & administrative 927 918
------------ ------------
expenses
Operating income 993 625
------------ ------------
Other income (expenses):
Interest & dividend income 8 9
Interest expenses 0 0
Rent income 27 23
Rent expenses on real estates
for investments (13) (12)
Foreign exchange gain (loss),
net 9 (160)
Gain on sales of property,
plant and equipment 8 2
Loss on disposal or sales
of property, plant and equipment (17) (8)
Loss on valuation of golf club membership (11)
Other, net 8 6
Other income (expenses), net 30 (151)
------------ ------------
Income before income taxes 1,023 474
------------ ------------
Income taxes:
Current 238 30
Deferred 98 110
Total income taxes 336 140
------------ ------------
Net income 687 334
------------ ------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
QRFUNRKRUVABURR
1 Year Maruwa Chart |
1 Month Maruwa Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
