TIDMMAW
RNS Number : 0943V
Maruwa Co Ld
31 October 2017
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.
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Summary of Consolidated Financial Results
for the Six Months Ended September 30, 2017
(Based on Japanese GAAP)
October 31, 2017
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 to file Quarterly November 10, 2017
Securities Report:
Scheduled date to commence December 8, 2017
dividend payments:
Preparation of supplementary No
material on quarterly financial
results:
Holding of quarterly financial No
results meeting:
(Amounts less than one million
yen are rounded down)
1. Consolidated financial results for the six months ended
September 30, 2017 (from April 1, 2017 to September 30, 2017)
(1) Consolidated operating Percentages indicate year-on-year
results (cumulative) 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
Six months ended
September 30, 2017 17,454 15.1 3,898 69.1 3,979 96.3 2,641 129.3
Six months ended
September 30, 2016 15,159 4.1 2,304 56.6 2,026 40.1 1,151 35.2
--------------------- -------- ---- -------- ---- -------- ---- ------------ -------
Earnings per Diluted earnings
share per share
--------------------- ------------ ----------------
Yen Yen
Six months ended
September 30, 2017 213.78 -
Six months ended
September 30, 2016 93.27 93.26
--------------------- ------------ ----------------
(2) Consolidated financial position
Total assets Net assets Equity ratio
----------------- ------------ ---------- ------------
Millions Millions %
of yen of yen
As of September
30, 2017 54,204 46,246 85.3
As of March 31,
2017 50,593 43,317 85.6
----------------- ------------ ---------- ------------
2. Cash dividends
Annual dividends per share
---------------------- -------------------------------------------------------------------
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal Total
year-end
---------------------- --------------- --------------- --------------- --------- -----
Yen Yen Yen Yen Yen
Year ended March
31, 2017 - 20.00 - 20.00 40.00
Year ending March
31, 2018 - 22.00
---------------------- --------------- --------------- --------------- --------- -----
Year ending March
31, 2018 (Forecast) - 22.00 44.00
---------------------- --------------- --------------- --------------- --------- -----
3. Forecast of consolidated financial results for the year
ending March 31, 2018 (from April 1, 2017 to March 31, 2018)
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
Full year 33,350 3.6 5,400 9.0 5,450 9.5 3,400 19.3 275.25
---------- -------- --- -------- --- -------- --- ------------- ------ ----------
4. Notes
(1) Changes in significant subsidiaries No
during the six months ended September 30,
2017
(changes in specified subsidiaries resulting
in the change in scope of consolidation):
(2) Application of special accounting methods No
for preparing 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 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:
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period
(including treasury shares)
As of September As of March 31,
30, 2017 12,372,000 shares 2017 12,372,000 shares
----------------- ---------- ------- ---------------- ---------- -------
Number of treasury shares at the end of the period
As of September As of March 31,
30, 2017 702 shares 2017 19,629 shares
----------------- --- ------- ---------------- ------ -------
Average number of shares during the period (cumulative from the
beginning of the fiscal year)
Six months ended Six months ended
September 30, 2017 12,358,376 shares September 30, 2016 12,350,930 shares
--------------------- ---------- ------- -------------------- ---------- -------
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands
of yen)
--------------------------------------------- ------------ ---------------
As of March As of September
31, 2017 30, 2017
--------------------------------------------- ------------ ---------------
Assets
Current assets
Cash and deposits 18,027,046 19,626,530
Notes and accounts receivable
- trade 8,736,607 9,193,871
Electronically recorded
monetary claims - operating 503,710 637,554
Merchandise and finished
goods 2,222,216 2,362,829
Work in process 1,400,373 1,645,636
Raw materials and supplies 3,249,129 3,506,801
Deferred tax assets 321,655 355,623
Other 755,238 731,646
Allowance for doubtful accounts (2,850) (2,713)
Total current assets 35,213,127 38,057,780
------------ ---------------
Non-current assets
Property, plant and equipment
Buildings and structures 10,073,489 10,782,828
Accumulated depreciation (5,731,785) (5,956,172)
Buildings and structures,
net 4,341,703 4,826,655
------------ ---------------
Machinery, equipment and
vehicles 18,213,958 19,017,403
Accumulated depreciation (14,338,009) (14,912,757)
Machinery, equipment and
vehicles, net 3,875,948 4,104,645
------------ ---------------
Land 3,668,726 3,684,420
Construction in progress 679,005 501,444
Other 3,590,735 3,909,048
Accumulated depreciation (3,029,884) (3,259,449)
Other, net 560,851 649,598
------------ ---------------
Total property, plant and
equipment 13,126,235 13,766,765
------------ ---------------
Intangible assets
Goodwill 20,740 6,913
Other 278,983 276,651
Total intangible assets 299,723 283,564
------------ ---------------
Investments and other assets 1,954,773 2,096,380
Total non-current assets 15,380,733 16,146,709
------------ ---------------
Total assets 50,593,860 54,204,490
------------ ---------------
(Thousands
of yen)
------------------------------------------ ----------- ---------------
As of March As of September
31, 2017 30, 2017
------------------------------------------ ----------- ---------------
Liabilities
Current liabilities
Notes and accounts payable
- trade 3,503,852 2,280,814
Electronically recorded
obligations - operating - 1,352,046
Current portion of long-term
loans payable 22,800 -
Income taxes payable 1,024,872 1,284,413
Provision for bonuses 458,385 521,026
Provision for directors'
bonuses 27,500 7,000
Other 1,726,211 1,897,124
Total current liabilities 6,763,623 7,342,424
----------- ---------------
Non-current liabilities
Deferred tax liabilities 187,311 290,990
Provision for environmental
measures 13,526 13,526
Other 312,136 311,443
Total non-current liabilities 512,973 615,960
----------- ---------------
Total liabilities 7,276,596 7,958,385
----------- ---------------
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 26,417,905
Treasury shares (42,051) (2,129)
Total shareholders' equity 44,576,578 47,058,904
----------- ---------------
Accumulated other comprehensive
income
Valuation difference on
available-for-sale securities 121,179 164,837
Foreign currency translation
adjustment (1,380,493) (977,637)
Total accumulated other
comprehensive income (1,259,314) (812,799)
----------- ---------------
Total net assets 43,317,263 46,246,104
----------- ---------------
Total liabilities and net
assets 50,593,860 54,204,490
----------- ---------------
Consolidated statements of income (cumulative) and consolidated
statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands
of yen)
-------------------------------------- -------------- --------------
Six months Six months
ended ended
September 30, September 30,
2016 2017
-------------------------------------- -------------- --------------
Net sales 15,159,536 17,454,887
Cost of sales 9,443,728 9,994,317
Gross profit 5,715,808 7,460,570
-------------- --------------
Selling, general and administrative
expenses 3,411,175 3,562,454
Operating profit 2,304,633 3,898,116
-------------- --------------
Non-operating income
Interest income 14,462 12,810
Rent income 35,769 38,832
Foreign exchange gains - 39,693
Other 31,841 14,276
Total non-operating income 82,073 105,612
-------------- --------------
Non-operating expenses
Interest expenses 1,158 7
Foreign exchange losses 314,066 -
Rent expenses on real estate
for investments 21,994 20,089
Other 22,606 4,115
Total non-operating expenses 359,826 24,212
-------------- --------------
Ordinary profit 2,026,880 3,979,516
-------------- --------------
Extraordinary income
Gain on sales of non-current
assets 14 7,760
Total extraordinary income 14 7,760
-------------- --------------
Extraordinary losses
Loss on sales and retirement
of non-current assets 7,696 55,620
Loss on liquidation of business 234,082 73,106
Other 2,600 -
Total extraordinary losses 244,379 128,726
-------------- --------------
Profit before income taxes 1,782,515 3,858,550
-------------- --------------
Income taxes - current 614,075 1,163,720
Income taxes - deferred 16,453 52,839
Total income taxes 630,528 1,216,560
-------------- --------------
Profit 1,151,986 2,641,990
-------------- --------------
Profit attributable to owners
of parent 1,151,986 2,641,990
-------------- --------------
Consolidated statements of comprehensive income (cumulative)
(Thousands
of yen)
---------------------------------------- -------------- --------------
Six months Six months
ended ended
September 30, September 30,
2016 2017
---------------------------------------- -------------- --------------
Profit 1,151,986 2,641,990
Other comprehensive income
Valuation difference on
available-for-sale securities 9,306 43,658
Foreign currency translation
adjustment (1,211,262) 402,856
Total other comprehensive
income (1,201,956) 446,514
-------------- --------------
Comprehensive income (49,969) 3,088,505
-------------- --------------
Comprehensive income attributable
to
Comprehensive income attributable
to owners of parent (49,969) 3,088,505
Consolidated statements of cash flows
(Thousands
of yen)
----------------------------------------- -------------- --------------
Six months Six months
ended ended
September 30, September 30,
2016 2017
----------------------------------------- -------------- --------------
Cash flows from operating
activities
Profit before income taxes 1,782,515 3,858,550
Depreciation 884,636 864,388
Loss on liquidation of business 234,082 73,106
Amortization of goodwill 101,337 13,827
Increase (decrease) in allowance
for doubtful accounts 54,750 196
Loss (gain) on sales and
retirement of non-current
assets 7,681 47,859
Interest and dividend income (16,694) (15,439)
Foreign exchange losses
(gains) 333,564 (1,986)
Decrease (increase) in notes
and accounts receivable
- trade (24,322) (482,552)
Decrease (increase) in inventories (386,375) (590,714)
Increase (decrease) in notes
and accounts payable - trade (181,560) (160,228)
Other, net 51,356 272,781
Subtotal 2,840,971 3,879,788
-------------- --------------
Interest and dividend income
received 18,542 15,439
Interest expenses paid (628) (7)
Income taxes paid (535,654) (908,579)
Net cash provided by (used
in) operating activities 2,323,231 2,986,641
-------------- --------------
Cash flows from investing
activities
Net decrease (increase)
in time deposits 522,397 (87,882)
Purchase of property, plant
and equipment (1,055,212) (1,079,555)
Proceeds from sales of property,
plant and equipment 15 14,054
Purchase of investment securities (1,909) (1,996)
Purchase of intangible assets (23,432) (12,545)
Proceeds from sales of intangible
assets 120,000 -
Purchase of shares of subsidiaries - (24,003)
Other, net (1,982) (2,188)
Net cash provided by (used
in) investing activities (440,125) (1,194,118)
-------------- --------------
Cash flows from financing
activities
Repayments of long-term
loans payable (163,893) (22,800)
Purchase of treasury shares (326) (51,066)
Proceeds from sales of treasury
shares 5,725 -
Cash dividends paid (234,649) (247,047)
Net cash provided by (used
in) financing activities (393,143) (320,913)
-------------- --------------
Effect of exchange rate
change on cash and cash
equivalents (269,944) 39,770
Net increase (decrease)
in cash and cash equivalents 1,220,018 1,511,379
-------------- --------------
Cash and cash equivalents
at beginning of period 14,540,570 17,834,008
Cash and cash equivalents
at end of period 15,760,588 19,345,387
-------------- --------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR WGGPGUUPMGUG
(END) Dow Jones Newswires
October 31, 2017 06:19 ET (10:19 GMT)
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