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 | 00:00:00 |
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 : 6999X
Maruwa Co Ld
27 April 2023
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, 2023 (Based on Japanese GAAP) April 27, 2023 Company name: MARUWA CO., LTD. Stock exchange Tokyo, Nagoya listing: Stock code: 5344 URL https://www.maruwa-g.com/ Representative: President and Representative Toshiro Kanbe Director Inquiries: Director Yukiko Morishita TEL 0561-51-0841 Scheduled date of ordinary general June 22, 2023 meeting of shareholders: Scheduled date to file Securities June 23, 2023 Report: Scheduled date to commence dividend June 23, 2023 payments: Preparation of supplementary material Yes on financial results: Holding of financial results meeting: Yes (for institutional investors and analysts) (Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)
(1) Consolidated operating results Percentages indicate year-on-year changes Net sales Operating profit Ordinary profit Profit attributable to owners of parent Millions % Millions % Millions % Millions % of yen of yen of yen of yen Year ended March 31, 2023 58,804 8.2 20,142 10.6 21,187 10.5 15,020 12.5 Year ended March 31, 2022 54,344 31.1 18,215 77.7 19,182 85.7 13,350 92.5 -------- ---- ----------- ----- ---------- ----- ------------- ------ Earnings per Diluted earnings Profit attributable Ordinary profit/total Operating share per share to owners assets profit/net of parent/equity sales ---------------- ------------------- --------------------- Yen Yen % % % Year ended March 31, 2023 1,217.45 - 17.3 20.8 34.3 Year ended March 31, 2022 1,082.11 - 18.3 22.1 33.5 ------------ ---------------- ------------------- --------------------- -----------
(2) Consolidated financial position
Total assets Net assets Equity ratio Net assets per share Millions of Millions of % Yen yen yen As of March 31, 2023 108,031 94,215 87.2 7,636.60 As of March 31, 2022 95,899 79,681 83.1 6,458.45 ------------ ----------- ------------ --------------
(3) Consolidated cash flows
Cash flows from Cash flows from Cash flows from Cash and cash operating activities investing activities financing activities equivalents at end of period Millions of Millions of Millions of Millions of yen yen yen yen Year ended March 31, 2023 15,647 (8,755) (1,882) 49,585 Year ended March 31, 2022 14,757 (3,522) (1,132) 44,385 ---------------------- ---------------------- ---------------------- ------------------
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, 2022 - 34.00 - 36.00 70.00 863 6.5 1.2 Year ended March 31, 2023 - 38.00 - 40.00 78.00 962 6.4 1.1 ----------- ----------- ----------- -------- ----- --------- -------------- -------------- Year ending March 31, 2024 - 43.00 - 43.00 86.00 - (Forecast) ----------- ----------- ----------- -------- ----- --------- -------------- --------------
3. Forecast of consolidated financial results for the year ending March 31, 2024 ( from April 1, 2023 to March 31, 2024)
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 Six months ending September 30, 2023 27,100 (8.7) 9,100 (14.3) - - - - - Full year 61,500 4.6 21,000 4.3 - - - - - -------- ----- ---------- ------ ------------ --- ---------------- --- ----------
4. Notes
(1) Changes in significant subsidiaries during the year Yes ended March 31, 2023 (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 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
(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, 2023 12,372,000 shares As of March 31, 2022 12,372,000 shares ---------------------- ---------- --------------------- ----------
Number of treasury shares at the end of the period
As of March 31, 2023 34,649 shares As of March 31, 2022 34,492 shares ---------------------- ------ --------------------- ------
Average number of shares during the period
Year ended March 31, Year ended March 31, 2023 12,337,413 shares 2022 12,337,379 shares ---------------------- ---------- --------------------- ----------
Consolidated financial statements
Consolidated balance sheets
(Millions of yen) --------------------------------------------------- --------------- ----------------- As of March 31, As of March 31, 2022 2023 --------------------------------------------------- --------------- ----------------- Assets Current assets Cash and deposits 44,621 49,795 Notes receivable - trade 473 343 Accounts receivable - trade 12,876 10,701 Electronically recorded monetary claims - operating 1,810 1,820 Merchandise and finished goods 1,632 2,267 Work in process 2,648 2,905 Raw materials and supplies 3,706 3,767 Other 2,389 3,043 Allowance for doubtful accounts (9) (9) Total current assets 70,149 74,634 --------------- ----------------- Non-current assets Property, plant and equipment Buildings and structures, net 10,101 14,075 Machinery, equipment and vehicles, net 5,478 7,446 Land 4,699 4,872 Construction in progress 2,653 3,920 Other, net 590 731 --------------- ----------------- Total property, plant and equipment 23,524 31,046 --------------- ----------------- Intangible assets Other 298 284 Total intangible assets 298 284 --------------- ----------------- Investments and other assets Investment securities 230 534 Deferred tax assets 637 484 Investment property, net 948 933 Other 111 114 Allowance for doubtful accounts (0) (0) Total investments and other assets 1,927 2,066 --------------- ----------------- Total non-current assets 25,750 33,397 --------------- ----------------- Total assets 95,899 108,031 --------------- ----------------- (Millions of yen) ------------------------------------------------------ --------------- ----------------- As of March 31, As of March 31, 2022 2023 ------------------------------------------------------ --------------- ----------------- Liabilities Current liabilities Notes and accounts payable - trade 3,444 2,975 Electronically recorded obligations - operating 2,419 1,542 Short-term borrowings 100 - Current portion of long-term borrowings 866 333 Income taxes payable 4,731 2,684 Provision for bonuses 866 914 Provision for bonuses for directors (and other officers) 71 124 Other 2,455 4,334 Total current liabilities 14,953 12,910 --------------- ----------------- Non-current liabilities Long-term borrowings 733 400 Deferred tax liabilities 153 141 Other 377 364 Total non-current liabilities 1,264 905 --------------- ----------------- Total liabilities 16,218 13,816 --------------- ----------------- Net assets Shareholders' equity Share capital 8,646 8,646 Capital surplus 12,017 12,018 Retained earnings 59,274 73,381 Treasury shares (207) (209) Total shareholders' equity 79,732 93,838 --------------- ----------------- Accumulated other comprehensive income Valuation difference on available-for-sale securities 104 125 Foreign currency translation adjustment (155) 251 Total accumulated other comprehensive income (51) 377 --------------- ----------------- Total net assets 79,681 94,215 --------------- ----------------- Total liabilities and net assets 95,899 108,031 --------------- -----------------
Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income
(Millions of yen) ------------------------------------------------- ----------------- ----------------- Fiscal year ended Fiscal year ended March 31, 2022 March 31, 2023 ------------------------------------------------- ----------------- ----------------- Net sales 54,344 58,804 Cost of sales 27,018 28,396 Gross profit 27,326 30,408 ----------------- ----------------- Selling, general and administrative expenses 9,110 10,266 Operating profit 18,215 20,142 ----------------- ----------------- Non-operating income Interest income 58 107 Rental income 95 98 Foreign exchange gains 810 861 Other 66 45 Total non-operating income 1,029 1,112 ----------------- ----------------- Non-operating expenses Interest expenses 7 5 Rent expenses on real estate for investments 44 48 Other 11 12 Total non-operating expenses 63 66 ----------------- ----------------- Ordinary profit 19,182 21,187 ----------------- ----------------- Extraordinary income Gain on sale of non-current assets 3 0 Gain on sale of investment securities 9 - Gain on liquidation of subsidiaries - 3
Subsidy income 481 515 Compensation income 186 - ----------------- ----------------- Total extraordinary income 680 519 ----------------- ----------------- Extraordinary losses Loss on sale and retirement of non-current assets 16 61 Loss on tax purpose reduction entry of non-current assets 463 481 Loss related to infectious disease 41 - Other 8 - Total extraordinary losses 531 542 ----------------- ----------------- Profit before income taxes 19,331 21,164 ----------------- ----------------- Income taxes - current 6,208 5,977 Income taxes - deferred (227) 166 Total income taxes 5,980 6,143 ----------------- ----------------- Profit 13,350 15,020 ----------------- ----------------- Profit attributable to owners of parent 13,350 15,020 ----------------- -----------------
Consolidated statements of comprehensive income
(Millions of yen) ------------------------------------------------- ----------------- ----------------- Fiscal year ended Fiscal year ended March 31, 2022 March 31, 2023 ------------------------------------------------- ----------------- ----------------- Profit 13,350 15,020 Other comprehensive income Valuation difference on available-for-sale securities (15) 20 Foreign currency translation adjustment 851 407 Total other comprehensive income 835 428 ----------------- ----------------- Comprehensive income 14,186 15,448 ----------------- ----------------- Comprehensive income attributable to Comprehensive income attributable to owners of parent 14,186 15,448
Consolidated statements of changes in equity
Fiscal year ended March 31, 2022
(Millions of yen) Shareholders' equity Share capital Capital surplus Retained Treasury Total shareholders' earnings shares equity ------------- Balance at beginning of period 8,646 12,005 46,796 (217) 67,231 ------------- --------------- --------- -------- ------------------- Cumulative effects of changes in accounting policies (8) (8) ------------- --------------- --------- -------- ------------------- Restated balance 8,646 12,005 46,787 (217) 67,222 ------------- --------------- --------- -------- ------------------- Changes during period ------------- --------------- --------- -------- ------------------- Dividends of surplus (863) (863) ------------- --------------- --------- -------- ------------------- Profit attributable to owners of parent 13,350 13,350 ------------- --------------- --------- -------- ------------------- Purchase of treasury shares (2) (2) ------------- --------------- --------- -------- ------------------- Disposal of treasury shares 12 12 24 ------------- --------------- --------- -------- ------------------- Net changes in items other than shareholders' equity ------------- --------------- --------- -------- ------------------- Total changes during period - 12 12,486 10 12,509 ------------- --------------- --------- -------- ------------------- Balance at end of period 8,646 12,017 59,274 (207) 79,732 ------------- --------------- --------- -------- ------------------- Accumulated other comprehensive Total net income assets Valuation Foreign currency Total accumulated difference translation other comprehensive on available-for-sale adjustment income securities ---------------------- Balance at beginning of period 119 (1,006) (886) 66,344 ---------------------- ---------------- -------------------- --------- Cumulative effects of changes in accounting policies (8) ---------------------- ---------------- -------------------- --------- Restated balance 119 (1,006) (886) 66,335 ---------------------- ---------------- -------------------- --------- Changes during period ---------------------- ---------------- -------------------- --------- Dividends of surplus (863) ---------------------- ---------------- -------------------- --------- Profit attributable to owners of parent 13,350 ---------------------- ---------------- -------------------- --------- Purchase of treasury shares (2) ---------------------- ---------------- -------------------- --------- Disposal of treasury shares 24 ---------------------- ---------------- -------------------- --------- Net changes in items other than shareholders' equity (15) 851 835 835 ---------------------- ---------------- -------------------- --------- Total changes during period (15) 851 835 13,345 ---------------------- ---------------- -------------------- --------- Balance at end of period 104 (155) (51) 79,681 ---------------------- ---------------- -------------------- ---------
Fiscal year ended March 31, 2023
(Millions of yen) Shareholders' equity Share capital Capital surplus Retained Treasury Total shareholders' earnings shares equity ------------- Balance at beginning of period 8,646 12,017 59,274 (207) 79,732 ------------- --------------- --------- -------- ------------------- Changes during period ------------- --------------- --------- -------- ------------------- Dividends of surplus (912) (912) ------------- --------------- --------- -------- ------------------- Profit attributable
to owners of parent 15,020 15,020 ------------- --------------- --------- -------- ------------------- Purchase of treasury shares (2) (2) ------------- --------------- --------- -------- ------------------- Disposal of treasury shares 0 0 1 ------------- --------------- --------- -------- ------------------- Net changes in items other than shareholders' equity ------------- --------------- --------- -------- ------------------- Total changes during period - 0 14,107 (1) 14,106 ------------- --------------- --------- -------- ------------------- Balance at end of period 8,646 12,018 73,381 (209) 93,838 ------------- --------------- --------- -------- ------------------- Accumulated other comprehensive Total net income assets Valuation Foreign currency Total accumulated difference translation other comprehensive on available-for-sale adjustment income securities ---------------------- Balance at beginning of period 104 (155) (51) 79,681 ---------------------- ---------------- -------------------- --------- Changes during period ---------------------- ---------------- -------------------- --------- Dividends of surplus (912) ---------------------- ---------------- -------------------- --------- Profit attributable to owners of parent 15,020 ---------------------- ---------------- -------------------- --------- Purchase of treasury shares (2) ---------------------- ---------------- -------------------- --------- Disposal of treasury shares 1 ---------------------- ---------------- -------------------- --------- Net changes in items other than shareholders' equity 20 407 428 428 ---------------------- ---------------- -------------------- --------- Total changes during period 20 407 428 14,534 ---------------------- ---------------- -------------------- --------- Balance at end of period 125 251 377 94,215 ---------------------- ---------------- -------------------- ---------
Consolidated statements of cash flows
(Millions of yen) ------------------------------------------------ ----------------- ----------------- Fiscal year ended Fiscal year ended March 31, 2022 March 31, 2023 ------------------------------------------------ ----------------- ----------------- Cash flows from operating activities Profit before income taxes 19,331 21,164 Depreciation 2,570 3,087 Increase (decrease) in allowance for doubtful accounts (34) (0) Loss (gain) on sale of investment securities (0) - Loss (gain) on sale and retirement of non-current assets 13 61 Loss on tax purpose reduction entry of non-current assets 463 481 Interest and dividend income (63) (112) Interest expenses 7 5 Subsidy income (481) (515) Compensation income (186) - Decrease (increase) in trade receivables (3,883) 2,388 Decrease (increase) in inventories (1,527) (917) Increase (decrease) in trade payables 1,519 (1,324) Other, net 277 (1,007) Subtotal 18,005 23,310 ----------------- ----------------- Interest and dividends received 63 112 Interest paid (7) (5) Income taxes refund (paid) (3,489) (7,769) Proceeds from compensation 186 - Net cash provided by (used in) operating activities 14,757 15,647 ----------------- ----------------- Cash flows from investing activities Net decrease (increase) in time deposits (12) 31 Purchase of property, plant and equipment (3,738) (8,697) Proceeds from sale of property, plant and equipment 6 0 Purchase of intangible assets (70) (27) Purchase of investment securities (235) (286) Proceeds from sale of investment securities 232 - Subsidies received 285 211 Other, net 9 12 Net cash provided by (used in) investing activities (3,522) (8,755) ----------------- ----------------- Cash flows from financing activities Repayments of short-term borrowings - (100) Repayments of long-term borrowings (266) (866) Purchase of treasury shares (2) (2) Dividends paid (863) (912) Net cash provided by (used in) financing activities (1,132) (1,882) ----------------- ----------------- Effect of exchange rate change on cash and cash equivalents 394 188 Net increase (decrease) in cash and cash equivalents 10,497 5,199 ----------------- ----------------- Cash and cash equivalents at beginning of period 33,888 44,385 Cash and cash equivalents at end of period 44,385 49,585 ----------------- -----------------
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FR VDLBLXZLEBBB
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April 27, 2023 04:52 ET (08:52 GMT)
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