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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 | 2,200 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Porcelain Electrical Supply | 58.8B | 15.02B | - | N/A | 0 |
TIDMMAW
RNS Number : 3790M
Maruwa Co Ld
27 April 2018
Hot Features
Premium
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 Year Ended March 31, 2018
(Based on Japanese GAAP)
April 27, 2018
Company name: MARUWA CO., LTD.
Stock exchange Tokyo, Nagoya
listing:
Stock code: 5344 URL http://www.maruwa-g.com/
Representative: President and Representative Sei Kanbe
Director
Inquiries: Director, General Tamaki Nozoki TEL 0561-51-0839
Manager of Administrative
Division
Scheduled date of ordinary June 26, 2018
general meeting of shareholders:
Scheduled date to file Securities June 27, 2018
Report:
Scheduled date to commence June 27, 2018
dividend payments:
Preparation of supplementary No
material on financial results:
Holding of financial results No
meeting:
(Amounts less than one million
yen are rounded down)
1. Consolidated financial results for the year ended March 31, 2018 (from April 1, 2017 to March 31, 2018)
(1) Consolidated operating Percentages indicate year-on-year
results changes
Net sales Operating Ordinary Profit attributable
profit profit to owners
of parent
------------------ -------------- -------------- -------------- ---------------------
Millions % Millions % Millions % Millions %
of yen of yen of yen of yen
Year ended March
31, 2018 38,513 19.7 9,174 85.2 8,866 78.1 5,544 94.5
Year ended March
31, 2017 32,187 5.3 4,953 29.9 4,978 34.5 2,850 24.6
------------------ -------- ---- -------- ---- -------- ---- ------------- ------
Earnings Diluted Profit Ordinary Operating
per share earnings attributable profit/total profit/net
per share to owners assets sales
of parent/equity
------------------ ---------- ---------- ----------------- ------------- -----------
Yen Yen % % %
Year ended March
31, 2018 448.44 - 12.0 16.2 23.8
Year ended March
31, 2017 230.76 230.75 6.7 10.0 15.4
------------------ ---------- ---------- ----------------- ------------- -----------
(2) Consolidated financial position
Total assets Net assets Equity ratio Net assets
per share
----------------- ------------ ---------- ------------ ----------
Millions Millions % Yen
of yen of yen
As of March 31,
2018 58,560 49,029 83.7 3,966.05
As of March 31,
2017 50,593 43,317 85.6 3,506.79
----------------- ------------ ---------- ------------ ----------
(3) Consolidated cash flows
Cash flows Cash flows Cash flows Cash and
from operating from investing from financing cash equivalents
activities activities activities at end of
period
------------------ ---------------- ---------------- ---------------- ------------------
Millions Millions Millions Millions
of yen of yen of yen of yen
Year ended March
31, 2018 7,544 (2,851) (668) 21,799
Year ended March
31, 2017 5,348 (1,247) (706) 17,834
------------------ ---------------- ---------------- ---------------- ------------------
2. Cash dividends
Annual dividends per share Total Dividend Ratio
cash payout of dividends
dividends ratio to net
(Total) (Consolidated) assets
(Consolidated)
------------------- ------------------------------------------------------ --------- -------------- --------------
1st 2nd 3rd Fiscal Total
quarter-end quarter-end quarter-end year-end
------------------- ----------- ----------- ----------- -------- ----- --------- -------------- --------------
Yen Yen Yen Yen Yen Millions % %
of yen
Year ended March
31, 2017 - 20.00 - 20.00 40.00 494 17.3 1.1
Year ended March
31, 2018 - 22.00 - 22.00 44.00 519 9.8 1.2
------------------- ----------- ----------- ----------- -------- ----- --------- -------------- --------------
Year ending March
31, 2019 - 24.00 - 24.00 48.00 9.1
(Forecast)
------------------- ----------- ----------- ----------- -------- ----- --------- -------------- --------------
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 Ordinary Profit attributable Earnings
profit profit to owners per share
of parent
----------- ------------- ------------- -------------- --------------------- ----------
Millions % Millions % Millions % Millions % Yen
of yen of yen of yen of yen
Six months
ending
September
30, 2018 18,100 3.7 4,050 3.9 4,050 1.8 2,700 2.2 218.40
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 No
during the year ended March 31, 2018
(changes in specified subsidiaries resulting
in the change in scope of consolidation):
(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to No revisions to accounting standards and other regulations: Changes in accounting policies due to No other reasons: Changes in accounting estimates: No Restatement of prior period financial No statements:
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, As of March 31, 2018 12,372,000 shares 2017 12,372,000 shares ----------------- ---------- ------- ---------------- ---------- -------
Number of treasury shares at the end of the period
As of March 31, As of March 31, 2018 9,702 shares 2017 19,629 shares ----------------- ----- ------- ---------------- ------ -------
Average number of shares during the period
Year ended March Year ended March 31, 2018 12,363,727 shares 31, 2017 12,351,647 shares ------------------ ---------- ------- ----------------- ---------- -------
Consolidated financial statements
Consolidated balance sheets
(Thousands
of yen)
-------------------------------------------------- ------------ ------------
As of March As of March
31, 2017 31, 2018
-------------------------------------------------- ------------ ------------
Assets
Current assets
Cash and deposits 18,027,046 21,994,568
Notes and accounts receivable
- trade 8,736,607 9,790,135
Electronically recorded
monetary claims - operating 503,710 1,047,980
Merchandise and finished
goods 2,222,216 2,220,883
Work in process 1,400,373 1,817,145
Raw materials and supplies 3,249,129 3,630,476
Deferred tax assets 321,655 472,760
Other 755,238 1,171,284
Allowance for doubtful accounts (2,850) (1,670)
Total current assets 35,213,127 42,143,564
------------ ------------
Non-current assets
Property, plant and equipment
Buildings and structures 10,073,489 11,159,776
Accumulated depreciation (5,731,785) (6,133,121)
Buildings and structures,
net 4,341,703 5,026,654
------------ ------------
Machinery, equipment and
vehicles 18,213,958 19,595,623
Accumulated depreciation (14,338,009) (15,542,570)
Machinery, equipment and
vehicles, net 3,875,948 4,053,052
------------ ------------
Land 3,668,726 3,943,218
Construction in progress 679,005 389,265
Other 3,590,735 4,163,793
Accumulated depreciation (3,029,884) (3,483,672)
Other, net 560,851 680,121
------------ ------------
Total property, plant and
equipment 13,126,235 14,092,312
------------ ------------
Intangible assets
Goodwill 20,740 -
Other 278,983 274,885
Total intangible assets 299,723 274,885
------------ ------------
Investments and other assets
Investment securities 309,384 404,300
Deferred tax assets 177,882 156,172
Real estate for investment 1,020,701 1,002,008
Buildings and structures 680,969 681,619
Accumulated depreciation (361,237) (378,919)
Buildings and structures,
net 319,731 302,699
------------ ------------
Land 688,832 688,832
Other 42,204 42,204
Accumulated depreciation (30,066) (31,728)
Other, net 12,137 10,476
------------ ------------
Other 502,390 500,715
Allowance for doubtful accounts (55,585) (13,337)
Total investments and other
assets 1,954,773 2,049,858
------------ ------------
Total non-current assets 15,380,733 16,417,056
------------ ------------
Total assets 50,593,860 58,560,621
------------ ------------
(Thousands
of yen)
------------------------------------------ ----------- -----------
As of March As of March
31, 2017 31, 2018
------------------------------------------ ----------- -----------
Liabilities
Current liabilities
Notes and accounts payable
- trade 3,503,852 2,428,784
Electronically recorded
obligations - operating - 1,456,612
Current portion of long-term
loans payable 22,800 -
Income taxes payable 1,024,872 2,061,684
Provision for bonuses 458,385 542,637
Provision for directors'
bonuses 27,500 63,000
Provision for environmental
measures - 3,436
Other 1,726,211 2,079,232
Total current liabilities 6,763,623 8,635,387
----------- -----------
Non-current liabilities
Deferred tax liabilities 187,311 495,245
Provision for environmental
measures 13,526 -
Net defined benefit liability - 82,126
Other 312,136 318,304
Total non-current liabilities 512,973 895,676
----------- -----------
Total liabilities 7,276,596 9,531,064
----------- -----------
Net assets
Shareholders' equity
Capital stock 8,646,720 8,646,720
Capital surplus 11,948,946 11,996,407
Retained earnings 24,022,962 29,048,238
Treasury shares (42,051) (77,131)
Total shareholders' equity 44,576,578 49,614,235
----------- -----------
Accumulated other comprehensive
income
Valuation difference on
available-for-sale securities 121,179 166,404
Foreign currency translation
adjustment (1,380,493) (751,083)
Total accumulated other
comprehensive income (1,259,314) (584,678)
----------- -----------
Total net assets 43,317,263 49,029,556
----------- -----------
Total liabilities and net
assets 50,593,860 58,560,621
----------- -----------
Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income
(Thousands
of yen)
-------------------------------------- --------------- ---------------
Fiscal year Fiscal year
ended ended
March 31, 2017 March 31, 2018
-------------------------------------- --------------- ---------------
Net sales 32,187,205 38,513,051
Cost of sales 20,296,949 21,928,997
Gross profit 11,890,255 16,584,054
--------------- ---------------
Selling, general and administrative
expenses 6,937,026 7,410,006
Operating profit 4,953,229 9,174,047
--------------- ---------------
Non-operating income
Interest income 38,077 31,913
Rent income 85,349 74,663
Other 95,244 71,535
Total non-operating income 218,672 178,112
--------------- ---------------
Non-operating expenses
Interest expenses 1,311 7
Foreign exchange losses 95,101 381,723
Rent expenses on real estate
for investments 51,679 48,668
Other 45,736 55,198
Total non-operating expenses 193,829 485,599
--------------- ---------------
Ordinary profit 4,978,072 8,866,561
--------------- ---------------
Extraordinary income
Gain on sales of non-current
assets 723 8,183
Gain on sales of investment
securities 554 -
Subsidy income 6,032 -
Gain on bargain purchase - 8,199
Total extraordinary income 7,309 16,383
--------------- ---------------
Extraordinary losses
Loss on sales and retirement
of non-current assets 100,946 275,905
Loss on liquidation of business 230,021 100,493
Impairment loss 341,765 -
Other 10,892 49,912
Total extraordinary losses 683,626 426,310
--------------- ---------------
Profit before income taxes 4,301,756 8,456,634
--------------- ---------------
Income taxes - current 1,452,514 2,765,956
Income taxes - deferred (1,077) 146,186
Total income taxes 1,451,436 2,912,142
--------------- ---------------
Profit 2,850,320 5,544,491
--------------- ---------------
Profit attributable to owners
of parent 2,850,320 5,544,491
--------------- ---------------
Consolidated statements of comprehensive income
(Thousands
of yen)
---------------------------------------- --------------- ---------------
Fiscal year Fiscal year
ended ended
March 31, 2017 March 31, 2018
---------------------------------------- --------------- ---------------
Profit 2,850,320 5,544,491
Other comprehensive income
Valuation difference on
available-for-sale securities 68,122 45,225
Foreign currency translation
adjustment (825,323) 629,410
Total other comprehensive
income (757,201) 674,635
--------------- ---------------
Comprehensive income 2,093,118 6,219,127
--------------- ---------------
Comprehensive income attributable
to
Comprehensive income attributable
to owners of parent 2,093,118 6,219,127
Consolidated statements of changes in equity
Fiscal year ended March 31, 2017
(Thousands of
yen)
Shareholders' equity
----------------------------------------------------------------
Capital Capital Retained Treasury Total shareholders'
stock surplus earnings shares equity
--------- ---------- ---------- -------- -------------------
Balance at
beginning
of current
period 8,646,720 11,946,793 21,654,339 (47,071) 42,200,780
----------------------- --------- ---------- ---------- -------- -------------------
Changes of
items during
period
----------------------- --------- ---------- ---------- -------- -------------------
Dividends
of surplus (481,696) (481,696)
----------------------- --------- ---------- ---------- -------- -------------------
Profit attributable
to owners
of parent 2,850,320 2,850,320
----------------------- --------- ---------- ---------- -------- -------------------
Purchase of
treasury shares (326) (326)
----------------------- --------- ---------- ---------- -------- -------------------
Disposal of
treasury shares 2,153 5,346 7,500
----------------------- --------- ---------- ---------- -------- -------------------
Net changes
of items other
than shareholders'
equity
----------------------- --------- ---------- ---------- -------- -------------------
Total changes
of items during
period - 2,153 2,368,623 5,020 2,375,797
----------------------- --------- ---------- ---------- -------- -------------------
Balance at
end of current
period 8,646,720 11,948,946 24,022,962 (42,051) 44,576,578
----------------------- --------- ---------- ---------- -------- -------------------
Accumulated other comprehensive Share Total
income acquisition net assets
rights
---------------------------------------------------- ------------ -----------
Valuation Foreign Total
difference currency accumulated
on available-for-sale translation other
securities adjustment comprehensive
income
---------------------- ------------ -------------- ------------ -----------
Balance at
beginning
of current
period 53,056 (555,169) (502,112) 1,775 41,700,442
----------------------- ---------------------- ------------ -------------- ------------ -----------
Changes of
items during
period
----------------------- ---------------------- ------------ -------------- ------------ -----------
Dividends
of surplus (481,696)
----------------------- ---------------------- ------------ -------------- ------------ -----------
Profit attributable
to owners
of parent 2,850,320
----------------------- ---------------------- ------------ -------------- ------------ -----------
Purchase of
treasury shares (326)
----------------------- ---------------------- ------------ -------------- ------------ -----------
Disposal of
treasury shares 7,500
----------------------- ---------------------- ------------ -------------- ------------ -----------
Net changes
of items other
than shareholders'
equity 68,122 (825,323) (757,201) (1,775) (758,976)
----------------------- ---------------------- ------------ -------------- ------------ -----------
Total changes
of items during
period 68,122 (825,323) (757,201) (1,775) 1,616,820
----------------------- ---------------------- ------------ -------------- ------------ -----------
Balance at
end of current
period 121,179 (1,380,493) (1,259,314) - 43,317,263
----------------------- ---------------------- ------------ -------------- ------------ -----------
Fiscal year ended March 31, 2018
(Thousands of
yen)
Shareholders' equity
-----------------------------------------------------------------
Capital Capital Retained Treasury Total shareholders'
stock surplus earnings shares equity
--------- ---------- ---------- --------- -------------------
Balance at
beginning
of current
period 8,646,720 11,948,946 24,022,962 (42,051) 44,576,578
----------------------- --------- ---------- ---------- --------- -------------------
Changes of
items during
period
----------------------- --------- ---------- ---------- --------- -------------------
Dividends
of surplus (519,215) (519,215)
----------------------- --------- ---------- ---------- --------- -------------------
Profit attributable
to owners
of parent 5,544,491 5,544,491
----------------------- --------- ---------- ---------- --------- -------------------
Purchase of
treasury shares (126,068) (126,068)
----------------------- --------- ---------- ---------- --------- -------------------
Disposal of
treasury shares 47,461 90,988 138,450
----------------------- --------- ---------- ---------- --------- -------------------
Net changes
of items other
than shareholders'
equity
----------------------- --------- ---------- ---------- --------- -------------------
Total changes
of items during
period - 47,461 5,025,275 (35,079) 5,037,657
----------------------- --------- ---------- ---------- --------- -------------------
Balance at
end of current
period 8,646,720 11,996,407 29,048,238 (77,131) 49,614,235
----------------------- --------- ---------- ---------- --------- -------------------
Accumulated other comprehensive Total
income net assets
---------------------------------------------------- -----------
Valuation Foreign Total
difference currency accumulated
on available-for-sale translation other
securities adjustment comprehensive
income
---------------------- ------------ -------------- -----------
Balance at
beginning
of current
period 121,179 (1,380,493) (1,259,314) 43,317,263
----------------------- ---------------------- ------------ -------------- -----------
Changes of
items during
period
----------------------- ---------------------- ------------ -------------- -----------
Dividends
of surplus (519,215)
----------------------- ---------------------- ------------ -------------- -----------
Profit attributable
to owners
of parent 5,544,491
----------------------- ---------------------- ------------ -------------- -----------
Purchase of
treasury shares (126,068)
----------------------- ---------------------- ------------ -------------- -----------
Disposal of
treasury shares 138,450
----------------------- ---------------------- ------------ -------------- -----------
Net changes
of items other
than shareholders'
equity 45,225 629,410 674,635 674,635
----------------------- ---------------------- ------------ -------------- -----------
Total changes
of items during
period 45,225 629,410 674,635 5,712,292
----------------------- ---------------------- ------------ -------------- -----------
Balance at
end of current
period 166,404 (751,083) (584,678) 49,029,556
----------------------- ---------------------- ------------ -------------- -----------
Consolidated statements of cash flows
(Thousands
of yen)
----------------------------------------- --------------- ---------------
Fiscal year Fiscal year
ended ended
March 31, 2017 March 31, 2018
----------------------------------------- --------------- ---------------
Cash flows from operating
activities
Profit before income taxes 4,301,756 8,456,634
Loss on liquidation of business 230,021 100,493
Impairment loss 341,765 -
Depreciation 1,822,468 1,846,113
Amortization of goodwill 115,164 20,740
Gain on bargain purchase - (8,199)
Increase (decrease) in net
defined benefit liability - (35,543)
Increase (decrease) in allowance
for doubtful accounts 53,447 (43,130)
Increase (decrease) in provision
for environmental measures - (10,090)
Loss (gain) on sales of
investment securities (554) -
Loss (gain) on sales and
retirement of non-current
assets 100,223 267,721
Interest and dividend income (42,172) (38,138)
Foreign exchange losses
(gains) 189,229 120,094
Decrease (increase) in notes
and accounts receivable
- trade (804,838) (1,214,351)
Decrease (increase) in inventories (58,932) (609,592)
Increase (decrease) in notes
and accounts payable - trade 145,566 267,349
Other, net (62,636) 220,713
Subtotal 6,330,509 9,340,815
--------------- ---------------
Interest and dividend income
received 44,079 38,138
Interest expenses paid (863) (7)
Income taxes paid (1,024,751) (1,834,517)
Net cash provided by (used
in) operating activities 5,348,974 7,544,428
--------------- ---------------
Cash flows from investing
activities
Net decrease (increase)
in time deposits 635,350 (5,216)
Purchase of property, plant
and equipment (1,969,003) (2,671,422)
Proceeds from sales of property,
plant and equipment 12,400 13,753
Purchase of investment securities (3,790) (4,175)
Proceeds from sales of investment
securities 1,210 -
Purchase of intangible assets (39,469) (31,443)
Proceeds from sales of intangible
assets 120,000 -
Purchase of shares of subsidiaries (2,536) (24,759)
Payments for transfer of
business - (130,272)
Other, net (1,858) 1,969
Net cash provided by (used
in) investing activities (1,247,697) (2,851,565)
--------------- ---------------
Cash flows from financing
activities
Repayments of long-term
loans payable (230,593) (22,800)
Purchase of treasury shares (326) (126,068)
Proceeds from sales of treasury
shares 5,725 -
Cash dividends paid (481,696) (519,215)
Net cash provided by (used
in) financing activities (706,890) (668,084)
--------------- ---------------
Effect of exchange rate
change on cash and cash
equivalents (100,948) (59,338)
Net increase (decrease)
in cash and cash equivalents 3,293,437 3,965,439
--------------- ---------------
Cash and cash equivalents
at beginning of period 14,540,570 17,834,008
Cash and cash equivalents
at end of period 17,834,008 21,799,447
--------------- ---------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR VDLBLVZFXBBB
(END) Dow Jones Newswires
April 27, 2018 04:32 ET (08:32 GMT)
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