REG - Maruwa Co Ld - 1st Quarter Results
29/07/2024 10:15
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RNS Number : 1972Y Maruwa Co Ld 29 July 2024
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 Three Months Ended June 30, 2024
(Based on Japanese GAAP)
July 29, 2024
Company name: MARUWA CO., LTD.
Stock exchange listing: Tokyo, Nagoya
Stock code: 5344 URL https://www.maruwa-g.com/
Representative: President Toshiro Kanbe
Inquiries: Corporate Officer Daisuke Yamaguchi TEL 0561-51-0841
Scheduled date to commence dividend payments: -
Preparation of supplementary material on financial results: Yes
Holding of financial results meeting: Yes
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2024
(from April 1, 2024 to June 30, 2024)
(1) Consolidated operating results (cumulative) Percentages indicate year-on-year changes
Net sales Operating profit Ordinary profit Profit attributable to owners of parent
Millions of yen % Millions of yen % Millions of yen % Millions of yen %
Three months ended June 30, 2024 16,243 27.7 5,640 59.8 6,181 49.1 4,502 58.2
Three months ended June 30, 2023 12,722 (8.8) 3,530 (25.7) 4,145 (27.8) 2,846 (30.4)
Earnings per share Diluted earnings per share
Yen Yen
Three months ended June 30, 2024 364.96 -
Three months ended June 30, 2023 230.73 -
(2) Consolidated financial position
Total assets Net assets Equity ratio
Millions of yen Millions of yen %
As of June 30, 2024 124,916 114,015 91.3
As of March 31, 2024 122,515 109,203 89.1
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, 2024 - 43.00 - 43.00 86.00
Year ending March 31, 2025 -
Year ending March 31, 2025 (Forecast) 47.00 - 47.00 94.00
3. Forecast of consolidated financial results for the year ending March 31,
2025 (from April 1, 2024 to March 31, 2025)
Percentages indicate year-on-year changes
Net sales Operating profit Ordinary profit Profit attributable to owners of parent Earnings per share
Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen
Six months ending 30,800 9.8 10,000 15.6 - - - - -
September 30, 2024
Full year 70,300 14.2 23,000 16.2 - - - - -
4. Notes
(1) Significant changes in the scope of consolidation during the three months No
ended June 30, 2024:
(2) Application of special accounting methods for preparing quarterly No
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 accounting standards and Yes
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 June 30, 2024 12,372,000 shares As of March 31, 2024 12,372,000 shares
Number of treasury shares at the end of the period
As of June 30, 2024 34,148 shares As of March 31, 2024 34,125 shares
Average number of shares during the period (cumulative from the beginning of
the fiscal year)
Three months ended June 30, 2024 12,337,866 shares Three months ended June 30, 2023 12,337,328 shares
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen)
As of March 31, 2024 As of June 30, 2024
Assets
Current assets
Cash and deposits 55,250 57,265
Notes receivable - trade 360 241
Accounts receivable - trade 13,960 14,437
Electronically recorded monetary claims - operating 1,746 1,575
Merchandise and finished goods 2,248 2,235
Work in process 2,960 3,348
Raw materials and supplies 4,575 4,903
Other 2,516 3,727
Allowance for doubtful accounts (133) (137)
Total current assets 83,485 87,599
Non-current assets
Property, plant and equipment
Buildings and structures, net 15,947 14,595
Machinery, equipment and vehicles, net 12,040 11,220
Land 5,005 5,016
Construction in progress 2,952 3,528
Other, net 786 821
Total property, plant and equipment 36,733 35,183
Intangible assets
Other 318 397
Total intangible assets 318 397
Investments and other assets 1,977 1,735
Total non-current assets 39,029 37,316
Total assets 122,515 124,916
(Millions of yen)
As of March 31, 2024 As of June 30, 2024
Liabilities
Current liabilities
Notes and accounts payable - trade 2,957 2,906
Electronically recorded obligations - operating 2,355 1,668
Current portion of long-term borrowings 400 400
Income taxes payable 2,851 1,640
Provision for bonuses 1,042 582
Provision for bonuses for directors (and other officers) 124 3
Other 3,091 3,229
Total current liabilities 12,821 10,430
Non-current liabilities
Deferred tax liabilities 127 104
Other 361 365
Total non-current liabilities 489 470
Total liabilities 13,311 10,901
Net assets
Shareholders' equity
Share capital 8,646 8,646
Capital surplus 12,031 12,031
Retained earnings 87,573 91,545
Treasury shares (210) (210)
Total shareholders' equity 108,042 112,013
Accumulated other comprehensive income
Valuation difference on available-for-sale securities 171 167
Foreign currency translation adjustment 989 1,834
Total accumulated other comprehensive income 1,161 2,001
Total net assets 109,203 114,015
Total liabilities and net assets 122,515 124,916
Consolidated statements of income (cumulative) and consolidated statements of
comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen)
Three months ended Three months ended
June 30, 2023 June 30, 2024
Net sales 12,722 16,243
Cost of sales 6,533 7,665
Gross profit 6,188 8,578
Selling, general and administrative expenses 2,658 2,937
Operating profit 3,530 5,640
Non-operating income
Interest income 33 35
Rental income 30 32
Foreign exchange gains 525 472
Other 53 28
Total non-operating income 642 569
Non-operating expenses
Interest expenses 0 0
Rent expenses on real estate for investments 11 20
Other 14 8
Total non-operating expenses 26 29
Ordinary profit 4,145 6,181
Extraordinary income
Gain on sale of non-current assets - 0
Subsidy income - 2,576
Total extraordinary income - 2,576
Extraordinary losses
Loss on sale and retirement of non-current assets 127 15
Loss on sale of investment securities 2 -
Loss on tax purpose reduction entry of non-current assets - 2,360
Total extraordinary losses 129 2,376
Profit before income taxes 4,015 6,381
Income taxes - current 877 1,653
Income taxes - deferred 291 224
Total income taxes 1,169 1,878
Profit 2,846 4,502
Profit attributable to owners of parent 2,846 4,502
Consolidated statements of comprehensive income (cumulative)
(Millions of yen)
Three months ended Three months ended
June 30, 2023 June 30, 2024
Profit 2,846 4,502
Other comprehensive income
Valuation difference on available-for-sale securities 61 (4)
Foreign currency translation adjustment 352 844
Total other comprehensive income 414 840
Comprehensive income 3,260 5,343
Comprehensive income attributable to
Comprehensive income attributable to owners of parent 3,260 5,343
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