TIDMMAW
RNS Number : 7108F
Maruwa Co Ld
30 October 2018
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, 2018
(Based on Japanese GAAP)
October 30, 2018
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: Director, General Manager Tamaki Nozoki TEL 0561-51-0839
of Administrative Division
Scheduled date to file Quarterly Securities November 9, 2018
Report:
Scheduled date to commence dividend December 10, 2018
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, 2018 (from April 1, 2018 to September 30, 2018)
(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, 2018 19,454 11.5 4,419 13.4 4,750 19.4 3,233 22.4
Six months ended September
30, 2017 17,454 15.1 3,898 69.1 3,979 96.3 2,641 129.3
-------- ---- ----------- ----- ---------- ----- ------------ -------
Earnings per share Diluted earnings
per share
Yen Yen
Six months ended September
30, 2018 261.53 -
Six months ended September
30, 2017 213.78 -
------------------ ----------------
(2) Consolidated financial position
Total assets Net assets Equity ratio
Millions of Millions of %
yen yen
As of September 30, 2018 61,038 51,956 85.1
As of March 31, 2018 58,514 49,029 83.8
------------ ----------- ------------
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,
2018 - 22.00 - 22.00 44.00
Year ending March 31,
2019 - 24.00
--------------- --------------- --------------- --------------- -----
Year ending March 31,
2019 (Forecast) - 24.00 48.00
--------------- --------------- --------------- --------------- -----
3. Forecast of consolidated financial results for the year
ending March 31, 2019 (from April 1, 2018 to March 31, 2019)
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 40,300 4.6 9,800 6.8 9,850 11.1 6,550 18.1 529.83
-------- --- ------------ ---- ---------- ----- ------------- ------ ----------
4. Notes
(1) Changes in significant subsidiaries during the six No
months ended September 30, 2018
(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,
2018 12,372,000 shares As of March 31, 2018 12,372,000 shares
--------------------- ---------- --------------------- ----------
Number of treasury shares at the end of the period
As of September 30,
2018 9,876 shares As of March 31, 2018 9,702 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, 2018 12,362,177 shares 30, 2017 12,358,376 shares
---------------------------- ---------- --------------------------- ----------
Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen)
------------------------------------------------------ --------------- ------------------
As of March 31, As of September
2018 30, 2018
------------------------------------------------------ --------------- ------------------
Assets
Current assets
Cash and deposits 21,994,568 24,143,638
Notes and accounts receivable - trade 9,790,135 9,062,608
Electronically recorded monetary
claims - operating 1,047,980 1,199,056
Merchandise and finished goods 2,220,883 2,841,026
Work in process 1,817,145 1,859,155
Raw materials and supplies 3,630,476 3,781,437
Other 1,171,284 874,017
Allowance for doubtful accounts (1,670) (1,410)
Total current assets 41,670,803 43,759,529
--------------- ------------------
Non-current assets
Property, plant and equipment
Buildings and structures 11,159,776 11,549,622
Accumulated depreciation (6,133,121) (6,329,088)
Buildings and structures, net 5,026,654 5,220,534
--------------- ------------------
Machinery, equipment and vehicles 19,595,623 20,345,720
Accumulated depreciation (15,542,570) (16,116,425)
Machinery, equipment and vehicles,
net 4,053,052 4,229,295
--------------- ------------------
Land 3,943,218 3,943,484
Construction in progress 389,265 695,301
Other 4,163,793 4,431,655
Accumulated depreciation (3,483,672) (3,668,691)
Other, net 680,121 762,964
--------------- ------------------
Total property, plant and equipment 14,092,312 14,851,579
--------------- ------------------
Intangible assets
Other 274,885 281,315
Total intangible assets 274,885 281,315
--------------- ------------------
Investments and other assets 2,476,673 2,146,192
Total non-current assets 16,843,870 17,279,086
--------------- ------------------
Total assets 58,514,674 61,038,615
--------------- ------------------
(Thousands of yen)
------------------------------------------------------ --------------- ------------------
As of March 31, As of September
2018 30, 2018
------------------------------------------------------ --------------- ------------------
Liabilities
Current liabilities
Notes and accounts payable - trade 2,428,784 2,380,240
Electronically recorded obligations
- operating 1,456,612 1,667,123
Income taxes payable 2,061,684 1,387,519
Provision for bonuses 542,637 614,364
Provision for directors' bonuses 63,000 7,000
Provision for environmental measures 3,436 -
Other 2,079,222 2,176,311
Total current liabilities 8,635,378 8,232,560
--------------- ------------------
Non-current liabilities
Deferred tax liabilities 449,309 480,740
Net defined benefit liability 82,126 41,983
Other 318,304 326,717
Total non-current liabilities 849,740 849,441
--------------- ------------------
Total liabilities 9,485,118 9,082,002
--------------- ------------------
Net assets
Shareholders' equity
Capital stock 8,646,720 8,646,720
Capital surplus 11,996,407 11,996,407
Retained earnings 29,048,238 32,009,397
Treasury shares (77,131) (78,637)
Total shareholders' equity 49,614,235 52,573,887
--------------- ------------------
Accumulated other comprehensive income
Valuation difference on available-for-sale
securities 166,404 150,100
Foreign currency translation adjustment (751,083) (767,374)
Total accumulated other comprehensive
income (584,678) (617,273)
--------------- ------------------
Total net assets 49,029,556 51,956,613
--------------- ------------------
Total liabilities and net assets 58,514,674 61,038,615
--------------- ------------------
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, 2017 September 30, 2018
-------------------------------------------------- ------------------- -------------------
Net sales 17,454,887 19,454,451
Cost of sales 9,994,317 11,047,244
Gross profit 7,460,570 8,407,206
------------------- -------------------
Selling, general and administrative
expenses 3,562,454 3,987,551
Operating profit 3,898,116 4,419,655
------------------- -------------------
Non-operating income
Interest income 12,810 13,184
Rent income 38,832 38,518
Foreign exchange gains 39,693 257,184
Other 14,276 56,322
Total non-operating income 105,612 365,209
------------------- -------------------
Non-operating expenses
Interest expenses 7 -
Rent expenses on real estate for
investments 20,089 27,451
Other 4,115 6,965
Total non-operating expenses 24,212 34,417
------------------- -------------------
Ordinary profit 3,979,516 4,750,446
------------------- -------------------
Extraordinary income
Gain on sales of non-current assets 7,760 2,947
Gain on sales of investment securities - 3,469
Total extraordinary income 7,760 6,416
------------------- -------------------
Extraordinary losses
Loss on sales and retirement of non-current
assets 55,620 1,577
Loss on liquidation of business 73,106 -
Retirement benefit expenses - 11,437
Total extraordinary losses 128,726 13,014
------------------- -------------------
Profit before income taxes 3,858,550 4,743,848
------------------- -------------------
Income taxes - current 1,163,720 1,437,390
Income taxes - deferred 52,839 73,329
Total income taxes 1,216,560 1,510,719
------------------- -------------------
Profit 2,641,990 3,233,129
------------------- -------------------
Profit attributable to owners of
parent 2,641,990 3,233,129
------------------- -------------------
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen)
------------------------------------------------- ------------------- -------------------
Six months ended Six months ended
September 30, 2017 September 30, 2018
------------------------------------------------- ------------------- -------------------
Profit 2,641,990 3,233,129
Other comprehensive income
Valuation difference on available-for-sale
securities 43,658 (16,303)
Foreign currency translation adjustment 402,856 (16,291)
Total other comprehensive income 446,514 (32,595)
------------------- -------------------
Comprehensive income 3,088,505 3,200,534
------------------- -------------------
Comprehensive income attributable
to
Comprehensive income attributable
to owners of parent 3,088,505 3,200,534
Consolidated statements of cash flows
(Thousands of yen)
------------------------------------------------ ------------------- -------------------
Six months ended Six months ended
September 30, 2017 September 30, 2018
------------------------------------------------ ------------------- -------------------
Cash flows from operating activities
Profit before income taxes 3,858,550 4,743,848
Depreciation 864,388 949,949
Loss on liquidation of business 73,106 -
Amortization of goodwill 13,827 -
Increase (decrease) in allowance
for doubtful accounts 196 (624)
Increase (decrease) in provision
for environmental measures - (3,436)
Loss (gain) on sales of investment
securities - (3,469)
Loss (gain) on sales and retirement
of non-current assets 47,859 (1,370)
Increase (decrease) in net defined
benefit liability - (40,142)
Interest and dividend income (15,439) (46,660)
Foreign exchange losses (gains) (1,986) (84,723)
Decrease (increase) in notes and
accounts receivable - trade (482,552) 578,790
Decrease (increase) in inventories (590,714) (820,210)
Increase (decrease) in notes and
accounts payable - trade (160,228) (158,961)
Other, net 272,781 395,665
Subtotal 3,879,788 5,508,654
------------------- -------------------
Interest and dividend income received 15,439 46,654
Interest expenses paid (7) -
Income taxes paid (908,579) (2,063,456)
Net cash provided by (used in) operating
activities 2,986,641 3,491,852
------------------- -------------------
Cash flows from investing activities
Net decrease (increase) in time deposits (87,882) 13,832
Purchase of property, plant and equipment (1,079,555) (1,391,537)
Proceeds from sales of property,
plant and equipment 14,054 6,007
Purchase of investment securities (1,996) (8,148)
Proceeds from sales of investment
securities - 9,469
Purchase of intangible assets (12,545) (30,390)
Purchase of shares of subsidiaries (24,003) -
Other, net (2,188) 258,057
Net cash provided by (used in) investing
activities (1,194,118) (1,142,709)
------------------- -------------------
Cash flows from financing activities
Repayments of long-term loans payable (22,800) -
Purchase of treasury shares (51,066) (1,506)
Cash dividends paid (247,047) (271,970)
Net cash provided by (used in) financing
activities (320,913) (273,477)
------------------- -------------------
Effect of exchange rate change on
cash and cash equivalents 39,770 84,519
Net increase (decrease) in cash and
cash equivalents 1,511,379 2,160,185
------------------- -------------------
Cash and cash equivalents at beginning
of period 17,834,008 21,799,447
Cash and cash equivalents at end
of period 19,345,387 23,959,633
------------------- -------------------
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END
IR WGGRGUUPRGUU
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October 30, 2018 06:22 ET (10:22 GMT)
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