Annual Securities Report
The 104th From April 1, 2022
fiscal year | to March 31, 2023 |
Cover | |
Document submitted | Annual Securities Report (Yukashoken Hokokusho) |
Clause of stipulation | Article 24, Paragraph 1 of the Financial Instruments and Exchange Act |
Submitted to | Director-General, Kanto Local Finance Bureau |
Filing date | June 28, 2023 |
Fiscal year | The 104th fiscal year (April 1, 2022 through March 31, 2023) |
Company name | Asahi Daiyamondo Kogyo Kabushiki Kaisha |
Company name in English | Asahi Diamond Industrial Co., Ltd. |
Title and name of representative | Kazuki Kataoka, President and Representative Director |
Address of registered headquarters | 4-1,Kioi-cho,Chiyoda-ku, Tokyo |
Telephone number | +81-3-3222-6311 (main) |
Name of contact person | Masami Koura, Executive Officer and Administration Division Director |
Nearest place of contact | 4-1,Kioi-cho,Chiyoda-ku, Tokyo |
Telephone number | +81-3-3222-6311 (main) |
Name of contact person | Masami Koura, Executive Officer and Administration Division Director |
Place for public inspection | Tokyo Stock Exchange, Inc. |
(2-1, Nihombashi Kabutocho, Chuo-ku, Tokyo) | |
Osaka Branch, Asahi Diamond Industrial Co., Ltd. | |
(3-4-30, Miyahara, Yodogawa-ku,Osaka-shi, Osaka) | |
Nagoya Branch, Asahi Diamond Industrial Co., Ltd. | |
(1-16-34, Aoi, Higashi-ku,Nagoya-shi, Aichi) | |
North Kanto Branch, Asahi Diamond Industrial Co., Ltd. | |
(1-20-1, Azuma, Kitamoto-shi, Saitama) |
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Section 1 Company Information
I. Overview of Company
1. Key Financial Data
- Consolidated financial data
Fiscal year | 100th | 101st | 102nd | 103rd | 104th | ||||
Year ended | March 31, 2019 | March 31, 2020 | March 31, 2021 | March 31, 2022 | March 31, 2023 | ||||
Net sales | (millions of yen) | 41,046 | 35,304 | 30,143 | 37,161 | 39,320 | |||
Ordinary profit (loss) | (millions of yen) | 3,108 | 591 | (337) | 3,650 | 3,275 | |||
Profit (loss) attributable to | (millions of yen) | 2,321 | (340) | (331) | 3,288 | 2,765 | |||
owners of parent | |||||||||
Comprehensive income | (millions of yen) | 168 | (1,497) | 992 | 4,187 | 5,063 | |||
Net assets | (millions of yen) | 59,028 | 56,833 | 57,297 | 60,869 | 62,882 | |||
Total assets | (millions of yen) | 73,047 | 70,007 | 68,144 | 72,241 | 74,177 | |||
Net assets per share | (yen) | 1,040.37 | 1,000.06 | 1,008.33 | 1,067.79 | 1,142.25 | |||
Basic earnings (loss) per | (yen) | 41.76 | (6.13) | (5.97) | 59.23 | 50.88 | |||
share | |||||||||
Diluted earnings per share | (yen) | - | - | - | - | - | |||
Shareholders' equity ratio | (%) | 79.0 | 79.3 | 82.1 | 82.1 | 82.5 | |||
Return on equity (ROE) | (%) | 4.0 | (0.6) | (0.6) | 5.7 | 4.6 | |||
Price earnings ratio | (times) | 18.3 | (75.5) | (89.0) | 10.0 | 18.4 | |||
Cash flows from | (millions of yen) | 4,449 | 4,805 | (90) | 5,948 | 4,979 | |||
operating activities | |||||||||
Cash flows from | (millions of yen) | (5,144) | (4,990) | (4,289) | (356) | (1,260) | |||
investing activities | |||||||||
Cash flows from | (millions of yen) | (914) | (732) | (604) | (1,077) | (3,145) | |||
financing activities | |||||||||
Cash and cash equivalents | (millions of yen) | 16,548 | 15,685 | 10,649 | 15,548 | 16,389 | |||
at end of period | |||||||||
Number of employees | 2,208 | 2,139 | 2,050 | 2,057 | 2,037 | ||||
[separately, average number of temporary | |||||||||
[333] | [331] | [301] | [393] | [416] | |||||
employees] | |||||||||
Notes: | 1 | The information related to diluted earnings per share is omitted because there are no residual shares. |
- The Company introduced a stock compensation plan in the 100th fiscal year. For calculating net assets per share, the Company includes its shares remaining in the stock compensation plan, which are recorded as treasury shares, into the treasury shares to be deducted in calculation of issued shares at end of period. For calculating basic earnings (loss) per share, the Company includes such shares into the treasury shares to be deducted in calculation of the average number of shares of common stock during the period.
- Since the beginning of the 103rd fiscal year, the Company has adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29 of March 31, 2020) and other standards. Key financial data for the 103rd fiscal year and beyond are figures after the application of such standards.
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(2) Financial data of the reporting company (Non-consolidated)
Fiscal year | 100th | 101st | 102nd | 103rd | 104th | |||
Year ended | March 31, 2019 | March 31, 2020 | March 31, 2021 | March 31, 2022 | March 31, 2023 | |||
Net sales | (millions of yen) | 31,964 | 27,740 | 24,549 | 29,186 | 30,691 | ||
Ordinary profit | (millions of yen) | 2,059 | 596 | 76 | 2,103 | 3,292 | ||
Profit | (millions of yen) | 1,684 | 332 | 201 | 1,899 | 3,165 | ||
Share capital | (millions of yen) | 4,102 | 4,102 | 4,102 | 4,102 | 4,102 | ||
Total number of issued shares | 55,700,000 | 55,700,000 | 55,700,000 | 55,700,000 | 53,888,600 | |||
Net assets | (millions of yen) | 46,272 | 44,905 | 45,851 | 46,993 | 48,265 | ||
Total assets | (millions of yen) | 57,446 | 55,336 | 54,636 | 56,027 | 57,437 | ||
Net assets per share | (yen) | 833.71 | 808.97 | 826.04 | 846.30 | 901.24 | ||
Dividend paid per share | 14.00 | 10.00 | 6.00 | 24.00 | 26.00 | |||
(of which, the amount of | (yen) | |||||||
interim dividend paid per | (6.00) | (4.00) | (3.00) | (8.00) | (11.00) | |||
share) | ||||||||
Basic earnings per share | (yen) | 30.31 | 5.99 | 3.64 | 34.21 | 58.23 | ||
Diluted earnings per share | (yen) | - | - | - | - | - | ||
Shareholders' equity ratio | (%) | 80.5 | 81.1 | 83.9 | 83.9 | 84.0 | ||
Return on equity (ROE) | (%) | 3.6 | 0.7 | 0.4 | 4.1 | 6.6 | ||
Price earnings ratio | (times) | 25.2 | 77.3 | 146.0 | 17.3 | 16.1 | ||
Payout ratio | (%) | 46.2 | 167.0 | 165.0 | 70.2 | 44.7 | ||
Number of employees | 1,037 | 1,019 | 1,010 | 998 | 983 | |||
[separately, average | ||||||||
number of temporary | [302] | [318] | [286] | [378] | [407] | |||
employees] | ||||||||
Total shareholder return | (%) | 80.0 | 51.1 | 58.5 | 80.6 | 90.7 | ||
[Benchmark: TOPIX Total | (%) | |||||||
(126.2) | (114.2) | (162.3) | (144.3) | (131.8) | ||||
Return Index] | ||||||||
Highest share price | (yen) | 1,147 | 823 | 584 | 743 | 979 | ||
Lowest share price | (yen) | 537 | 403 | 413 | 498 | 546 | ||
Notes: | 1 | The information related to diluted earnings per share is omitted because there are no residual shares. |
- The highest and lowest share prices are quoted prices on the First Section of the Tokyo Stock Exchange on or before April 3, 2022, and those on the Prime Market of the Tokyo Stock Exchange on or after April 4, 2022.
- The Company introduced a stock compensation plan in the 100th fiscal year. For calculating net assets per share, the Company includes its shares remaining in the stock compensation plan, which are recorded as treasury shares, into the treasury shares to be deducted in calculation of the total number of issued shares at end of period. For calculating basic earnings per share, the Company includes such shares into the treasury shares to be deducted in calculation of the average number of shares of common stock during the period.
- Since the beginning of the 103rd fiscal year, the Company has adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29 of March 31, 2020) and other standards. Key financial data for the 103rd fiscal year and beyond are figures after the application of such standards.
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2. History
October 1937 | Asahi Diamond Industrial Co., Ltd. established in Ota-ku, Tokyo for manufacturing and marketing diamond |
tools. | |
January 1944 | Ueno Factory (formerly Mie Factory) completed in Ueno-shi (currently Iga-shi), Mie. |
December 1945 | Corporate name changed to Asahi Kogei Co., Ltd. Production of Shippo (cloisonne enamel) crafts started. |
May 1950 | Head office moved to Chuo-ku, Tokyo. |
May 1952 | Corporate name changed to Asahi Diamond Industrial Co., Ltd. Full-scale production of diamond tools started. |
July 1959 | Asahi Electric Wire Co., Ltd. merged by absorption. |
March 1963 | Asahi Diamond Trading Co., Ltd. merged by absorption. |
September 1965 | Tamagawa Factory completed in Takatsu-ku,Kawasaki-shi. |
April 1966 | Asahi Trading Co., Ltd. merged by absorption. |
September 1972 | Participated in the management of Sun Diamond Kogyo Co., Ltd. (currently Yamanashi Asahi Diamond |
Industrial Co., Ltd., a consolidated subsidiary). | |
October 1972 | Listed on the Second Section of the Tokyo Stock Exchange. |
May 1978 | Shinhan Diamond Industrial Co., Ltd., a joint venture (currently an equity-method associate), established in |
South Korea. | |
September 1978 | Listed on the First Section of the Tokyo Stock Exchange. |
August 1984 | Mie No. 2 Factory completed in Ueno-shi (currently Iga-shi), Mie. |
March 1989 | Chiba Tsurumai Factory and Research and Development Center completed in Ichihara-shi, Chiba. (Shut down |
in February 2021.) | |
July 1991 | Head office moved to the current location. |
December 1993 | Acquired all shares of Triefus France (currently Asahi Diamond Industrial Europe SAS, a consolidated |
subsidiary) and Triefus Australia (currently Asahi Diamond Industrial Australia Pty., Ltd., a consolidated | |
subsidiary). | |
November 1995 | Acquired additional shares of Taiwan Asahi Diamond Industrial Co., Ltd. (established as a joint venture in May |
1968; currently a consolidated subsidiary). | |
March 1999 | Chiba No. 2 Factory completed in Chonan-machi,Chosei-gun, Chiba. |
July 2002 | Acquired all shares of P.T. Asahi Diamond Industrial Indonesia (currently a consolidated subsidiary). |
July 2002 | Asahi Diamond America, Inc. established in the United States (currently a consolidated subsidiary). |
July 2002 | Shanghai Xu Hui Diamond Industrial Co., Ltd. established in China (currently a consolidated subsidiary). |
June 2006 | Mie and Mie No. 2 Factories integrated to launch the current Mie Factory in Iga-shi, Mie. |
December 2011 | Acquired additional shares of Asahi Diamond (Thailand) Co., Ltd.(currently a consolidated subsidiary). |
July 2013 | Acquired all shares of Koremura Co., Ltd., a company manufacturing and selling whetstones (currently |
Koremura Asahi Diamond Industrial Co., Ltd., a consolidated subsidiary). | |
January 2015 | Asahi Diamond Industrial Germany GmbH established in Germany (currently a consolidated subsidiary). |
July 2015 | Asahi Diamond Industrial Scandinavia AB established in Sweden (currently a consolidated subsidiary). |
July 2015 | Asahi Diamond Industrial Malaysia Sdn. Bhd. established in Malaysia (currently a consolidated subsidiary). |
August 2015 | Asahi Diamond de Mexico, S.A. de C.V. established in Mexico (currently a consolidated subsidiary). |
July 2020 | Chiba Factory completed in Sodegaura-shi, Chiba. |
February 2021 | Engineering & Development Center established in Takatsu-ku,Kawasaki-shi. |
August 2021 | North Kanto Branch opened in Kitamoto-shi, Saitama. |
April 2022 | Moved from the First Section to the Prime Market of the Tokyo Stock Exchange due to the restructuring of the |
market segments. |
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Asahi Diamond Industrial Co. Ltd. published this content on 11 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 September 2023 03:50:04 UTC.