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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 | 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 : 0590L
Maruwa Co Ld
06 August 2013
6 August 2013 MARUWA CO., LTD. 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 2013<1 April 2013 - 30 June 2013> as follows; I. Summary of Consolidated Financial Results (1) Summary of consolidated operating results JPY million --------------- ------------------ -------------- 1st Quarter 1st Quarter Change % 1 April - 30 June 1 April - 30 June 2012 2013 --------------- ------------------ -------------- Net sales 5,310 7,713 45.3% Operating income 625 828 32.3% Income before income taxes 474 977 106.1% Net income 334 679 103.3% --------------- ------------------ -------------- Net income per share: JPY --------------- ------------------ -------------- Basic 27.11 55.10 103.2% Diluted 27.10 55.04 103.1% --------------- ------------------ -------------- (2) Summary of consolidated financial condition As of 31 March As of 30 June Change % 2012 2013 --------------- ------------------ -------------- Total assets 45,610 45,817 0.5% Total net assets 37,141 37,953 2.2% --------------- ------------------ -------------- Equity ratio 81.4% 82.8% 1.5% --------------- ------------------ -------------- JPY Total net assets per share 3,014.90 3,074.23 --------------- ------------------ -------------- II. Dividends JPY per share --------------- ------------------ Fiscal 2012 Fiscal 2013 (forecast) --------------- ------------------ Interim 15 16 Year-end 15 16 --------------- ------------------ Total 30 32 --------------- ------------------ *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<1April 2013 - 30 June 2013> The forecast figures for business results and dividends announced in 15 May 2013 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 developing economies in emerging countries, including China, rapidly losing steam, and in spite of an indication of economic recovery in the United States.
The Japanese economy has attempted after new government appointment, the drop in the value of the yen and the positive stock market makes Japanese economy recover slowly.
In this severe economic situation, the MARUWA Group's business results during this first quarter of this fiscal year were in line with our plans due to a strong demand for ceramic substrate for power modules, new products for smart phone devices and LED lighting.
As a result, our consolidated sales were 7,713 million yen. (This is up 45.3% compared to the same period last year) Our operating income was 828 million yen. (This is up 32.4% compared to the same period last year) Ordinary profit was 951 million yen (This is up 94.0% compared to the same period last year). Net income was 679 million yen (This is up 103.4% compared to the same period last year).
2.Operating Results by Business Division
The Ceramic Components Division
The total sales for this business segment was 5,088 million yen. (This is up 1.4% 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 1,014 million yen.
Lighting Equipment Division
The turnover was 2,626 million yen. This is a 60.2% increase over the same period last year. Operating profit was 37 million yen. 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. Yamagiwa results was added to consolidated account.
Review of Operations Review of operating results by segment JPY million ----- ------------ 1st Quarter 1st Quarter 1 April 1 April - - 30 June 30 June 2012 2013 -------------- ------------------- Ceramic Components: Net sales 5,016 5,088 Operating income 811 1,014 ---------- ----- ------------ Lighting Equipment: Net sales 294 2,626 Operating income 23 37 ---------- ----- ------------ Total: Net sales 5,310 7,713 Operating income 834 1,052 ---------- ----- ------------ Elimination: Net sales -- -- Operating income (209) (224) ---------- ----- ------------ Consolidated: Net sales 5,310 7,713 Operating income 625 827 ---------- ----- ------------
3. Financial Condition
Total assets as of the end of this first quarter were 45,817million yen, up 0.5 from the end of last fiscal year . Total liabilities decreased 605 million yen to 7,864 million yen from the previous year-end. Total net assets increased 812 million yen to 37,952 million yen because of an increase in retained earnings.
Consolidated Balance Sheet JPY million ------------ ------------ 1st Quarter (Reference) As of 30 As of 31 June March 2013 2013 ------------ ------------ ASSETS Current assets: Cash & deposits 11,546 11,312 Trade notes and accounts receivable 7,848 8,560 Electronically recorded monetary claims-operating 106 32 Inventories: 5,743 5,493 Deferred tax assets 360 260 Other current assets 659 619 Allowance for doubtful accounts (24) (23) Total current assets 26,238 26,253 ------------ ------------ Property, plant & equipment: Land 3,632 3,625 Buildings & structures 4,061 4,039 Machinery & equipment 6,444 6,447 Other 628 622 Construction in progress 2,036 1,792 Total property, plant & equipment 16,801 16,525 ------------ ------------ Goodwill 934 1,006 Other 368 368 Net property, plant & equipment 18,103 17,899 Investment & other assets: Total investments & other assets 1,476 1,458 ------------ ------------ Total assets 45,817 45,610 ------------ ------------ Long-term liabilities: Long-term debt 697 789 Diferrred tax liabilities 285 104 Provision for retirement benefits - 876 Provision for environmental measures 26 - Other 597 239 Total long-term liabilities 1,605 2,008 ------- ------- Total liabilities 7,864 8,469 ------- ------- NET ASSETS Shareholders' equity: Common stock 8,647 8,647 Capital surplus 11,940 11,909 Retained earnings 17,675 17,181 Treasury stock, at cost (61) (134) Total shareholders' equity 38,201 37,603 ------- ------- Valuation and translation adjustments: Net unrealized gains(losses)on available-for-sale securities 32 16 Foreign currency translation adjustments (288) (511) Total valuation and translation adjustments (256) (495) ------- ------- A subscription warrant and Minority stockholders share 8 33 Total shareholders' equity 8 33 ------- ------- Total net assets 37,953 37,141 ------- ------- Total liabilities and net assets 45,817 45,610 ------- ------- Consolidated Statements of Income JPY million ------------ ------------ 1st Quarter 1st Quarter 1 April - 1 April - 30 June 30 June 2012 2013 ------------ ------------ Net sales 5,310 7,713 Cost of sales 3,767 4,913 Gross profit 1,543 2,800 ------------ ------------ Selling, general & administrative 918 1,973 ------------ ------------ expenses Operating income 625 827 ------------ ------------ Other income (expenses): Interest & dividend income 9 7 Interest expenses 0 0 Rent income 23 24 Rent expenses on real estates for investments (12) (14) Foreign exchange gain (loss), net (160) 75 Gain on sales of property, plant and equipment 2 - Compensation income - 65 Loss on disposal or sales of property, plant and equipment (8) (12) Loss on valuation of golf club membership (11) - Provision for environmental measures - (26) Other, net 6 31 Other income (expenses), net (151) 150 ------------ ------------ Income before income taxes 474 977 ------------ ------------ Income taxes: Current 30 204 Deferred 110 94 Total income taxes 140 298 ------------ ------------ Net income 334 679 ------------ ------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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