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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 | 58.8B | 15.02B | - | N/A | 0 |
TIDMMAW
RNS Number : 4665D
Maruwa Co Ld
28 October 2020
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 Six Months Ended September 30, 2020 (Based on Japanese GAAP) October 28, 2020 Company name: MARUWA CO., LTD. Stock exchange Tokyo, Nagoya listing: Stock code: 5344 URL https://www.maruwa-g.com/ Representative: President and Representative Sei Kanbe Director Inquiries: Executive Officer Tamaki Nozoki TEL 0561-51-0839 Scheduled date to file Quarterly Securities November 9, 2020 Report: Scheduled date to commence dividend December 4, 2020 payments: Preparation of supplementary material No on quarterly financial results: Holding of quarterly financial results No meeting: (Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2020 (from April 1, 2020 to September 30, 2020)
(1) Consolidated operating results Percentages indicate year-on-year changes (cumulative) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Millions % Millions % Millions % Millions % of yen of yen of yen of yen Six months ended September 30, 2020 19,533 (4.0) 4,685 12.9 4,644 11.2 3,154 10.0 Six months ended September 30, 2019 20,340 4.6 4,148 (6.1) 4,176 (12.1) 2,868 (11.3) -------- ----- ---------- ------ --------- ------ ----------- -------- Earnings per share Diluted earnings per share Yen Yen Six months ended September 30, 2020 255.80 - Six months ended September 30, 2019 232.51 - ------------------ ----------------
(2) Consolidated financial position
Total assets Net assets Equity ratio Millions of Millions of % yen yen As of September 30, 2020 74,181 62,464 84.2 As of March 31, 2020 70,681 59,453 84.1 ------------ ----------- ------------
2. Cash dividends
Annual dividends per share 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total --------------- --------------- --------------- --------------- ----- Yen Yen Yen Yen Yen Year ended March 31, 2020 - 26.00 - 26.00 52.00 Year ending March 31, 2021 - 28.00 --------------- --------------- --------------- --------------- ----- Year ending March 31, 2021 (Forecast) - 28.00 56.00 --------------- --------------- --------------- --------------- -----
3. Forecast of consolidated financial results for the year ending March 31, 2021 ( from April 1, 2020 to March 31, 2021)
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 Full year 36,500 (11.5) 7,900 (15.5) 7,900 (17.0) 5,450 (7.5) 441.94 -------- ------ ---------- ------ --------- ------ ------------ ------- ----------
4. Notes
(1) Changes in significant subsidiaries during the six No months ended September 30, 2020 (changes in specified subsidiaries resulting in the change in scope of consolidation): (2) Application of special accounting methods for preparing No quarterly consolidated financial statements:
(3) 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
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2020 12,372,000 shares As of March 31, 2020 12,372,000 shares --------------------- ---------- --------------------- ----------
Number of treasury shares at the end of the period
As of September 30, 2020 38,198 shares As of March 31, 2020 40,163 shares --------------------- ------ --------------------- ------
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September Six months ended September 30, 2020 12,332,859 shares 30, 2019 12,334,929 shares ---------------------------- ---------- --------------------------- ----------
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen) ------------------------------------------------------ --------------- ------------------ As of March 31, As of September 2020 30, 2020 ------------------------------------------------------ --------------- ------------------ Assets Current assets Cash and deposits 29,334,349 32,791,077 Notes and accounts receivable - trade 9,542,199 8,555,814 Electronically recorded monetary claims - operating 1,295,434 1,201,831 Merchandise and finished goods 2,061,801 1,785,452 Work in process 2,393,622 2,475,917 Raw materials and supplies 2,756,758 2,511,785 Other 1,757,311 1,365,837 Allowance for doubtful accounts (8,180) (7,959) Total current assets 49,133,297 50,679,756 --------------- ------------------ Non-current assets Property, plant and equipment Buildings and structures 12,650,214 12,724,294 Accumulated depreciation (6,505,584) (6,695,078) Buildings and structures, net 6,144,629 6,029,215 --------------- ------------------ Machinery, equipment and vehicles 20,998,043 21,274,287 Accumulated depreciation (16,567,320) (16,750,753) Machinery, equipment and vehicles, net 4,430,722 4,523,534 --------------- ------------------ Land 4,421,234 4,487,945 Construction in progress 3,445,592 5,737,976 Other 3,499,670 3,618,608 Accumulated depreciation (2,898,143) (3,050,865) Other, net 601,527 567,742 --------------- ------------------ Total property, plant and equipment 19,043,706 21,346,414 --------------- ------------------ Intangible assets Goodwill 195,975 169,251
Other 254,672 241,947 Total intangible assets 450,648 411,199 --------------- ------------------ Investments and other assets 2,053,978 1,743,712 Total non-current assets 21,548,333 23,501,326 --------------- ------------------ Total assets 70,681,631 74,181,083 --------------- ------------------ (Thousands of yen) ------------------------------------------------------ --------------- ------------------ As of March 31, As of September 2020 30, 2020 ------------------------------------------------------ --------------- ------------------ Liabilities Current liabilities Notes and accounts payable - trade 1,898,714 2,148,717 Electronically recorded obligations - operating 1,619,355 1,779,811 Short-term borrowings 900,000 900,000 Current portion of long-term borrowings - 266,624 Income taxes payable 827,864 1,371,273 Provision for bonuses 608,949 647,419 Provision for bonuses for directors (and other officers) 63,000 5,500 Other 3,382,929 2,369,151 Total current liabilities 9,300,813 9,488,497 --------------- ------------------ Non-current liabilities Long-term borrowings 1,200,000 1,733,376 Deferred tax liabilities 351,419 151,897 Other 375,829 342,771 Total non-current liabilities 1,927,248 2,228,044 --------------- ------------------ Total liabilities 11,228,062 11,716,542 --------------- ------------------ Net assets Shareholders' equity Share capital 8,646,720 8,646,720 Capital surplus 11,992,492 11,997,067 Retained earnings 40,526,723 43,360,875 Treasury shares (239,524) (228,163) Total shareholders' equity 60,926,411 63,776,500 --------------- ------------------ Accumulated other comprehensive income Valuation difference on available-for-sale securities 70,521 131,158 Foreign currency translation adjustment (1,543,364) (1,443,116) Total accumulated other comprehensive income (1,472,842) (1,311,958) --------------- ------------------ Total net assets 59,453,569 62,464,541 --------------- ------------------ Total liabilities and net assets 70,681,631 74,181,083 --------------- ------------------
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen) -------------------------------------------------- ------------------- ------------------- Six months ended Six months ended September 30, 2019 September 30, 2020 -------------------------------------------------- ------------------- ------------------- Net sales 20,340,966 19,533,722 Cost of sales 12,124,683 10,942,900 Gross profit 8,216,282 8,590,822 ------------------- ------------------- Selling, general and administrative expenses 4,067,286 3,905,268 Operating profit 4,148,996 4,685,553 ------------------- ------------------- Non-operating income Interest income 28,652 26,950 Rental income 47,906 44,858 Other 20,453 33,735 Total non-operating income 97,011 105,545 ------------------- ------------------- Non-operating expenses Interest expenses - 1,542 Foreign exchange losses 31,667 101,077 Rent expenses on real estate for investments 26,879 22,958 Other 11,018 21,458 Total non-operating expenses 69,565 147,036 ------------------- ------------------- Ordinary profit 4,176,442 4,644,061 ------------------- ------------------- Extraordinary income Gain on sales of non-current assets 1,059 1,276 Gain on liquidation of subsidiaries - 11,887 Total extraordinary income 1,059 13,163 ------------------- ------------------- Extraordinary losses Loss on sales and retirement of non-current assets 28,485 20,583 Loss on valuation of investment securities 27,510 - Loss related to infectious disease - 67,802 Total extraordinary losses 55,995 88,385 ------------------- ------------------- Profit before income taxes 4,121,506 4,568,839 ------------------- ------------------- Income taxes - current 1,367,200 1,269,136 Income taxes - deferred (113,743) 144,923 Total income taxes 1,253,457 1,414,060 ------------------- ------------------- Profit 2,868,049 3,154,779 ------------------- ------------------- Profit attributable to owners of parent 2,868,049 3,154,779 ------------------- -------------------
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen) ------------------------------------------------- ------------------- ------------------- Six months ended Six months ended September 30, 2019 September 30, 2020 ------------------------------------------------- ------------------- ------------------- Profit 2,868,049 3,154,779 Other comprehensive income Valuation difference on available-for-sale securities 14,422 60,636 Foreign currency translation adjustment (557,720) 100,247 Total other comprehensive income (543,297) 160,884 ------------------- ------------------- Comprehensive income 2,324,752 3,315,664
------------------- ------------------- Comprehensive income attributable to Comprehensive income attributable to owners of parent 2,324,752 3,315,664
Consolidated statements of cash flows
(Thousands of yen) ------------------------------------------------- ------------------- ------------------- Six months ended Six months ended September 30, 2019 September 30, 2020 ------------------------------------------------- ------------------- ------------------- Cash flows from operating activities Profit before income taxes 4,121,506 4,568,839 Depreciation 1,140,487 1,003,185 Amortization of goodwill 26,723 26,723 Increase (decrease) in allowance for doubtful accounts 1,114 4,379 Loss (gain) on liquidation of subsidiaries - (11,887) Loss (gain) on valuation of investment securities 27,510 - Loss (gain) on sales and retirement of non-current assets 27,425 19,307 Interest and dividend income (31,607) (29,448) Interest expenses - 1,542 Foreign exchange losses (gains) (5,929) 577 Decrease (increase) in trade receivables 1,620,188 1,093,242 Decrease (increase) in inventories 1,010,896 444,997 Increase (decrease) in trade payables (823,121) 204,882 Other, net 207,952 (497,803) Subtotal 7,323,147 6,828,538 ------------------- ------------------- Interest and dividends received 31,608 29,448 Interest paid - (1,542) Income taxes (paid) refund (1,429,303) (536,612) Net cash provided by (used in) operating activities 5,925,452 6,319,832 ------------------- ------------------- Cash flows from investing activities Net decrease (increase) in time deposits (1,585) - Purchase of property, plant and equipment (2,081,015) (3,401,297) Proceeds from sales of property, plant and equipment 1,038 3,801 Purchase of investment securities (2,034) (1,643) Proceeds from liquidation of subsidiaries - 34,582 Purchase of intangible assets (29,023) (8,428) Other, net 7,435 (18,846) Net cash provided by (used in) investing activities (2,105,184) (3,391,833) ------------------- ------------------- Cash flows from financing activities Proceeds from long-term borrowings - 800,000 Purchase of treasury shares (62,145) (1,167) Dividends paid (296,233) (320,627) Net cash provided by (used in) financing activities (358,379) 478,204 ------------------- ------------------- Effect of exchange rate change on cash and cash equivalents (145,095) 48,150 Net increase (decrease) in cash and cash equivalents 3,316,793 3,454,353 ------------------- ------------------- Cash and cash equivalents at beginning of period 22,448,629 29,114,590 Cash and cash equivalents at end of period 25,765,423 32,568,944 ------------------- -------------------
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IR PPGRGUUPUUBR
(END) Dow Jones Newswires
October 28, 2020 05:20 ET (09:20 GMT)
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