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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 : 5649U
Maruwa Co Ld
30 July 2015
30 July 2015 MARUWA CO., LTD. 3-83, Minamihonjigahara-cho, Owariasahi-city, Aichi-pref., 488-0044 JAPAN Consolidated financial results for the first quarter of Fiscal 2015 MARUWA CO., LTD. today announced its consolidated financial results for the first quarter of Fiscal 2015<1 April 2014 - 30 June 2015> 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 30June 2014 2015 ---------------- ----------------- ---------- Net sales 7,516 7,189 -4.3% Operating income 450 651 44.7% Income before income taxes 564 737 30.7% Net income 358 442 23.6% ---------------- ----------------- ---------- Net income per share: JPY ---------------- ----------------- ---------- Basic 28.98 35.81 23.6% Diluted 28.97 35.81 23.6% ---------------- ----------------- ---------- (2) Summary of consolidated financial condition JPY million ---------------- ----------------- ---------- As of 31 As of 30 Change March June % 2014 2015 ---------------- ----------------- ---------- Total assets 49,445 47,500 -3.9% Total net assets 41,000 41,334 0.8% ---------------- ----------------- ---------- Equity ratio 82.9% 87.0% 4.1% ---------------- ----------------- ---------- JPY Total net assets per share 3,319.58 3,346.71 0.8% ---------------- ----------------- ---------- II. Dividends JPY per share ---------------- ----------------- Fiscal 2014 Fiscal 2015 (forecast) ---------------- ----------------- Interim 18 19 Year-end 18 19 ---------------- ----------------- Total 36 38 ---------------- ----------------- *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. ++V. Outlook for the fiscal 2015<1 April 2015 - 30 June 2015> The forecast figures for business results and dividends announced in 28th@April 2015 are not changed. *The financial statements are prepared in conformity with the accounting principles generally accepted in Japan. *Consolidated subsidiaries: 15companies.
Review of Operations
1. Review of Operations
In this consolidated cumulative 1st quarter, the United States economy has gradually recovered due to a steady recovery of employment environment, Europe, a gradual recovery was seen by the personal consumption. However, Greece issues such as remain, such as is now in a state of insecurity remain. Also, in the emerging countries, including China and Southeast Asian countries, we have remained firm despite slowdown of economic growth is continuing.
In the Japanese economy, became a gradual economic recovery and improvement of income environment associated with the upturn in corporate earnings due to weaker yen progression. However, emerging economic stagnation, such as due to high levels of raw material prices due to sluggish growth and the yen stable clothes for export, it is still a situation where anxiety remains in the future.
Under the uncertain market condition, the MARUWA Groupfs business results during this quarter has stayed firm especially in ceramic products for power modules related to energy-savings and environment and communication-related ceramic products which were one of our differentiated products in the ceramic components division. In the lighting equipment division, inquiries of public related lighting, including the road lamp has been strong, we have remained generally as expected.
As a result, our consolidated sales were 7,189 million yen (decrease 4.3% year on year). Our operating income was 651 million yen (increase 44.7% year on year). Ordinary profit was 744 million yen (increase 35.4% year on year). Net income was 442 million yen (increase 23.6% year on year).
2.Operating Results by Business Division
The Ceramic Components Division
The total sales for this business segment was 5,383 million yen (decrease 4.5% year on year).
This decrease is something that has been assumed in the due review of constitution of significant NFC ferrite sheet business in the previous fiscal year.
An operating loss was 1,120 million yen (increase 10.7% year on year).
Lighting Equipment Division
The total sales for this business segment was 1,807 million yen (decrease 3.8% year on year).
MARUWA SHOMEI, orders for public-related lighting, including the road lights were strong. YAMAGIWA, such as the construction period delay due to shortage of soaring and the construction site of construction materials due to the yen's depreciation, but we have followed from the previous fiscal year, actively perform the PR to the customer in the showroom that trimmed the previous fiscal year, continued to take advantage of below.
An operating loss was 316 million yen (compared with an operating profit 96 million yen of the previous year).
Regarding profits, we are further strengthening the structure of YAMAGIWA and it steadily produces results. We will continue to develop and expand sales of ceramic LED modules and lighting equipment.
Review of Operations Review of operating results by segment JPY million ---- ------------ 1st Quarter 1st Quarter 1 April 1 April - - 30 June 30 June 2014 2015 ------------ ------------------ Ceramic Components: Net sales 5,637 5,384 Operating income 1,012 1,120 ------------ ---- ------------ Lighting Equipment: Net sales 1,879 1,807 Operating income (316) (221) ------------ ---- ------------ Total: Net sales 7,516 7,191 Operating income 696 899 ------------ ---- ------------ Elimination: Net sales -- -- Operating income (245) (248) ------------ ---- ------------ Consolidated: Net sales 7,516 7,191 Operating income 450 651 ------------ ---- ------------
3. Financial Condition
Total assets as of the end of this first quarter were 47,500 million yen, decrease@3.9% from end of the fiscal year. Total liabilities were@6,166 million yen, decrease 27.0% from the end of last fiscal year. Total net assets were 41,334 million yen ,increase 0.8% from the end of last fiscal year.
Consolidated Balance Sheet JPY million ------------ ------------ 1st Quarter (Reference) As of 30 As of 31 June March 2015 2015 ------------ ------------ ASSETS Current assets: Cash & deposits 12,799 14,225 Trade notes and accounts receivable 7,721 8,491 Electronically recorded monetary claims-operating 429 439 Inventories 7,395 7,132 Deferred tax assets 222 320 Other current assets 1,073 811 Allowance for doubtful accounts (12) (11) Total current assets 29,628 31,407 Property, plant & equipment: Land 3,531 3,518 Buildings & structures 4,723 4,635 Machinery & equipment 4,463 4,519 Other 539 534 Construction in progress 1,687 1,786 ------------ ------------ Total property, plant & equipment 14,944 14,992 ------------ ------------ Goodwill 354 426 Other 456 450 ------------ ------------ Total Intangible assets 810 876 Investment & other assets: Total investments & other assets 2,119 2,170 Total assets 47,500 49,445 ------------ ------------ LIABILITIES Current liabilities: Trade notes & accounts payable 2,803 3,989 Current portion of long-term debt 308 993 Accrued income taxes 164 394 Accrued bonus 236 459 Accrued bonus to directors 2 5 Notes payable for property acquisitions 223 184 Other 1,858 1,691 Total current liabilities 5,594 7,715 Long-term liabilities: Long-term debt 219 253 Provision for environmental measures 26 26 Other 327 451 Total long-term liabilities 572 730 Total liabilities 6,166 8,445 ------- ------- NET ASSETS Shareholders' equity: Common stock 8,647 8,647 Capital surplus 11,947 11,947 Retained earnings 20,044 19,824 Treasury stock, at cost (47) (47) Total shareholders' equity 40,591 40,371 ------- ------- Valuation and translation adjustments: Net unrealized gains(losses)on available-for-sale securities 149 131 Foreign currency translation adjustments 592 495 Total valuation and translation adjustments 741 626 ------- ------- A subscription warrant@and@Minority stockholders share 2 3 Total shareholders' equity 2 3 ------- ------- Total net assets 41,334 41,000 ------- ------- Total liabilities and net assets 47,500 49,445 ------- ------- Consolidated Statements of Income JPY million ------------ ------------ 1st Quarter 1st Quarter 1 April - 1 April - 30 June 30 June 2014 2015 ------------ ------------ Net sales 7,516 7,189 Cost of sales 5,157 4,682 Gross profit 2,359 2,508 ------------ ------------ Selling, general & administrative 1,909 1,856 ------------ ------------ expenses Operating income 450 651 ------------ ------------ Other income (expenses): Interest & dividend income 8 7 Interest expenses (3) (3) Rent income 22 23 Rent expenses on real estates for investments (8) (7) Foreign exchange gain (loss), net 74 55 Gain on sales of noncurrent assets 0 0 Subsidy income 755 - Loss on disposal or sales of property, plant and equipment (2) - Loss on sales of inventories securities - (7) Loss on reduction of noncurrent assets (738) - Other, net 7 18 Other income (expenses), net 115 86 ------------ ------------ Income before income taxes 564 737 ------------ ------------ Income taxes: Current 93 216 Deferred 113 79 Total income taxes 206 295 ------------ ------------ Minority interests in income 0 (0) ------------ ------------ Net income 358 442 ------------ ------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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