We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 : 8120S
Maruwa Co Ld
12 November 2013
12 September 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 September 2013> as follows; I. Summary of Consolidated Financial Results (1) Summary of consolidated operating results JPY million ---------------- ------------------ ------------- 2nd Quarter 2nd Quarter Change % 1 April - 30 Sep 1 April - 30 Sep 2012 2013 ---------------- ------------------ ------------- Net sales 10,703 15,347 43.4% Operating income 1,243 1,314 5.7% Income before income taxes 1,061 1,406 32.5% Net income 656 1,081 64.8% ---------------- ------------------ ------------- Net income per share: JPY ---------------- ------------------ ------------- Basic 53.27 87.66 64.6% Diluted 53.26 87.60 64.5% ---------------- ------------------ ------------- (2) Summary of consolidated financial condition As of 31 March As of 30 Sep Change % 2013 2013 ---------------- ------------------ ------------- Total assets 45,610 46,481 1.9% Total net assets 37,141 38,221 2.9% ---------------- ------------------ ------------- Equity ratio 81.4% 82.2% 0.9% ---------------- ------------------ ------------- JPY Total net assets per share 3,014.90 3,095.90 ---------------- ------------------ ------------- II. Dividends JPY per share ---------------- ------------------ Fiscal 2012 Fiscal 2013 (forecast) ---------------- ------------------ Interim 15 17 Year-end 15 17 ---------------- ------------------ Total 30 34 ---------------- ------------------ *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 Sep2013> 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: 14companies.
Review of Operations
1. Review of Operations
In this secound quarter , the growth of the world economy has slowed due to the little clear 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 15,347 million yen. (This is up 43.4% compared to the same period last year) Our operating income was 1,955 million yen. (This is up 19.4% compared to the same period last year) Ordinary profit was 1,395 million yen (This is up 27.6% compared to the same period last year). Net income was 1,081 million yen (This is up 64.5% 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 10,344 million yen. (This is up 3.8% 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 1,955 million yen.
Lighting Equipment Division
The turnover was 5,003 million yen. This is a 577.3% increase over the same period last year. Operating loss was 196 million yen. The consolidated sales in this business is large by YAMAGIWA which became the subsidiary in last December having been connected. included a review of transportation, the distribution, an office, a warehouse, the rationalization expense including the showroom move that the new YAMAGIWA system started in April and planned earnings structure reinforcement. Therefore we will press profit temporarily.
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 ------------ 2nd Quarter 2nd Quarter 1 April 1 April - - 30 Sep 30 Sep 2012 2013 ------------ ------------ Ceramic Components: Net sales 9,964 10,344 Operating income 1,638 1,955 ------------ ------------ Lighting Equipment: Net sales 739 5,003 Operating income 43 (196) ------------ ------------ Total: Net sales 10,703 15,347 Operating income 1,681 1,759 ------------ ------------ Elimination: Net sales -- -- Operating income (438) (445) ------------ ------------ Consolidated: Net sales 10,703 15,347 Operating income 1,243 1,314 ------------ ------------
3. Financial Condition
Total assets as of the end of this second quarter were 46,481million yen, up 1.9 from the end of last fiscal year . Total liabilities decreased 209 million yen to 8,260 million yen from the previous year-end. Total net assets increased 1,079 million yen to 38,220 million yen because of an increase in retained earnings.
Consolidated Balance Sheet JPY million ------------- ------------ 2ndQuarter (Reference) As of 31 As of 30 Sep 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 ------------ ------------ 2nd Quarter 2nd Quarter 1 April - 1 April - 30 Sep 30 Sep 2012 2013 ------------ ------------ Net sales 10,703 15,347 Cost of sales 7,621 10,128 Gross profit 3,082 5,219 ------------ ------------ Selling, general & administrative 1,839 3,905 ------------ ------------ expenses Operating income 1,243 1,314 ------------ ------------ Other income (expenses): Interest & dividend income 24 26 Interest expenses (1) (4) Rent income 50 60 Rent expenses on real estates for investments (25) (28) Foreign exchange gain (loss), net (210) (5) Gain on sales of property, plant and equipment 1 1 Compensation income - 65 Provision for environmental measures - (26) Loss on disposal or sales of property, plant and equipment (19) (22) Gain on valuation of inventories securities - 7 State subsidy 207 - Loss on reduction of noncurrent assets (207) - Impairment loss - (12) Other, net (2) 30 Other income (expenses), net (182) 92 ------------ ------------ Income before income taxes 1,061 1,406 ------------ ------------ Income taxes: Current 399 585 Deferred 6 (260) Total income taxes 405 325 ------------ ------------ Net income 656 1,081 ------------ ------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR BTBTTMBBBBFJ
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