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 Year Ended May 31, 2022
(Based on Japanese GAAP)
July 6, 2022 | |||||||||||||||||||||||
Company name: | DAIKOKUTENBUSSAN CO.,LTD. | ||||||||||||||||||||||
Stock exchange listing: | Tokyo | ||||||||||||||||||||||
Stock code: | 2791 | URL http://www.e-dkt.co.jp/ | |||||||||||||||||||||
Representative: | Representative Director and President | SHOJI OGA | |||||||||||||||||||||
Inquiries: | Senior Managing Director | MASASHI OMURA | TEL 086-435-1100 | ||||||||||||||||||||
Scheduled date of ordinary general meeting of shareholders: | August 24, 2022 | ||||||||||||||||||||||
Scheduled date to file Securities Report: | August 24, 2022 | ||||||||||||||||||||||
Scheduled date to commence dividend payments: | August 25, 2022 | ||||||||||||||||||||||
Preparation of supplementary material on financial results: | No | ||||||||||||||||||||||
Holding of financial results meeting: | Yes | ||||||||||||||||||||||
(Amounts less than one million yen are rounded down) | |||||||||||||||||||||||
1. Consolidated financial results for the year ended May 31, 2022 (from June 1, 2021 to May 31, 2022) | |||||||||||||||||||||||
(1) Consolidated operating results | 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 | % | ||||||||||||||||
Year ended May 31, 2022 | 224,150 | - | 8,540 | (0.7) | 8,923 | 1.1 | 5,617 | 1.8 | |||||||||||||||
Year ended May 31, 2021 | 221,551 | 4.5 | 8,599 | 44.9 | 8,827 | 43.6 | 5,518 | 47.7 | |||||||||||||||
Earnings per share | Diluted earnings per | Profit attributable to | Ordinary profit/total | Operating profit/net | |||||||||||||||||||
share | owners of | assets | sales | ||||||||||||||||||||
parent/equity | |||||||||||||||||||||||
Yen | Yen | % | % | % | |||||||||||||||||||
Year ended May 31, 2022 | 403.30 | 403.23 | 12.8 | 11.3 | 3.8 | ||||||||||||||||||
Year ended May 31, 2021 | 396.21 | 396.16 | 14.2 | 11.8 | 3.9 | ||||||||||||||||||
(2) Consolidated financial position | |||||||||||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||||||||||||
Millions of yen | Millions of yen | % | Yen | ||||||||||||||||||||
As of May 31, 2022 | 81,930 | 46,802 | 56.9 | 3,348.84 | |||||||||||||||||||
As of May 31, 2021 | 75,635 | 41,537 | 54.7 | 2,971.58 | |||||||||||||||||||
(3) Consolidated cash flows | |||||||||||||||||||||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash equivalents | ||||||||||||||||||||
operating activities | investing activities | financing activities | at end of period | ||||||||||||||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | ||||||||||||||||||||
Year ended May 31, 2022 | 10,406 | (9,620) | 897 | 9,540 | |||||||||||||||||||
Year ended May 31, 2021 | 9,853 | (7,006) | (2,436) | 7,857 | |||||||||||||||||||
2. Cash dividends | |||||||||||||||||||||||
Annual dividends per share | Total cash | Dividend payout | Ratio of dividends | ||||||||||||||||||||
to net assets | |||||||||||||||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | dividends (Total) | ratio (Consolidated) | (Consolidated) | ||||||||||||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | ||||||||||||||||
Year ended May 31, 2021 | - | 0.00 | - | 29.00 | 29.00 | 403 | 7.3 | 1.0 | |||||||||||||||
Year ended May 31, 2022 | - | 0.00 | - | 29.00 | 29.00 | 403 | 7.2 | 0.9 | |||||||||||||||
Year ending May 31, 2023 | - | 0.00 | - | 29.00 | 29.00 | 9.9 | |||||||||||||||||
(Forecast) | |||||||||||||||||||||||
1
3. Forecast of consolidated financial results for the year ending May 31, 2023 (from June 1, 2022 to May 31, 2023)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | |||||||||
owners of parent | |||||||||||||
Six months ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||||
111,700 | 2.3 | 2,200 | (41.4) | 2,400 | (39.0) | 1,600 | (35.9) | 114.86 | |||||
November 30, 2022 | |||||||||||||
Full year | 234,600 | 4.7 | 5,900 | (30.9) | 6,200 | (30.5) | 4,100 | (27.0) | 294.35 | ||||
4. Notes | |||||||||||||
(1) Changes in significant subsidiaries during the year ended May 31, 2022 | No | ||||||||||||
(changes in specified subsidiaries resulting in the change in scope of consolidation): | |||||||||||||
(2) 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 other regulations: | Yes | ||||||||||||
Changes in accounting policies due to other reasons: | No | ||||||||||||
Changes in accounting estimates: | No | ||||||||||||
Restatement of prior period financial statements: | No | ||||||||||||
(3) Number of issued shares (common shares) | |||||||||||||
Total number of issued shares at the end of the period (including treasury shares) | |||||||||||||
As of May 31, 2022 | 14,474,200 shares | As of May 31, 2021 | 14,474,200 shares | ||||||||||
Number of treasury shares at the end of the period | |||||||||||||
As of May 31, 2022 | 545,354 shares | As of May 31, 2021 | 545,320 shares | ||||||||||
Average number of shares during the period | |||||||||||||
Year ended May 31, 2022 | 13,928,856 shares | Year ended May 31, 2021 | 13,928,880 shares |
2
Consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of May 31, 2021 | As of May 31, 2022 | ||
Assets | |||
Current assets | |||
Cash and deposits | 7,857 | 9,540 | |
Accounts receivable - trade | 126 | 123 | |
Merchandise and finished goods | 6,529 | 7,118 | |
Work in process | 92 | 152 | |
Raw materials and supplies | 304 | 378 | |
Other | 4,183 | 4,050 | |
Allowance for doubtful accounts | (203) | (203) | |
Total current assets | 18,889 | 21,160 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures | 55,087 | 56,800 | |
Accumulated depreciation | (28,398) | (31,299) | |
Buildings and structures, net | 26,688 | 25,501 | |
Machinery, equipment and vehicles | 3,272 | 3,675 | |
Accumulated depreciation | (2,149) | (2,442) | |
Machinery, equipment and vehicles, net | 1,123 | 1,232 | |
Tools, furniture and fixtures | 12,791 | 13,509 | |
Accumulated depreciation | (8,608) | (9,694) | |
Tools, furniture and fixtures, net | 4,183 | 3,814 | |
Land | 8,101 | 8,558 | |
Leased assets | 1,292 | 522 | |
Accumulated depreciation | (673) | (256) | |
Leased assets, net | 619 | 266 | |
Construction in progress | 2,458 | 8,036 | |
Other | 881 | 807 | |
Accumulated depreciation | (371) | (338) | |
Other, net | 509 | 468 | |
Total property, plant and equipment | 43,685 | 47,878 | |
Intangible assets | 322 | 335 | |
Investments and other assets | |||
Investment securities | 445 | 474 | |
Long-term loans receivable | 23 | 6 | |
Construction assistance fund receivables | 1,677 | 1,516 | |
Deferred tax assets | 4,256 | 4,404 | |
Guarantee deposits | 4,907 | 4,829 | |
Other | 1,483 | 1,381 | |
Allowance for doubtful accounts | (55) | (57) | |
Total investments and other assets | 12,738 | 12,556 | |
Total non-current assets | 56,746 | 60,770 | |
Total assets | 75,635 | 81,930 |
3
(Millions of yen) | |||
As of May 31, 2021 | As of May 31, 2022 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 13,385 | 14,523 | |
Short-term borrowings | 3,904 | 2,587 | |
Lease liabilities | 173 | 96 | |
Income taxes payable | 2,520 | 1,810 | |
Provision for bonuses | 555 | 567 | |
Asset retirement obligations | 6 | 6 | |
Other | 7,438 | 6,682 | |
Total current liabilities | 27,983 | 26,273 | |
Non-current liabilities | |||
Long-term borrowings | 1,070 | 4,095 | |
Lease liabilities | 488 | 163 | |
Deferred tax liabilities | 146 | 136 | |
Retirement benefit liability | 40 | 41 | |
Asset retirement obligations | 2,909 | 3,008 | |
Other | 1,457 | 1,409 | |
Total non-current liabilities | 6,114 | 8,854 | |
Total liabilities | 34,097 | 35,128 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 1,661 | 1,661 | |
Capital surplus | 1,823 | 1,823 | |
Retained earnings | 38,695 | 43,909 | |
Treasury shares | (880) | (880) | |
Total shareholders' equity | 41,300 | 46,514 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 90 | 131 | |
Total accumulated other comprehensive income | 90 | 131 | |
Share acquisition rights | 46 | 52 | |
Non-controlling interests | 100 | 104 | |
Total net assets | 41,537 | 46,802 | |
Total liabilities and net assets | 75,635 | 81,930 |
4
Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income
(Millions of yen) | |||
Fiscal year ended | Fiscal year ended | ||
May 31, 2021 | May 31, 2022 | ||
Net sales | 221,551 | 224,150 | |
Cost of sales | 168,526 | 170,098 | |
Gross profit | 53,025 | 54,052 | |
Selling, general and administrative expenses | |||
Salalaries allowances and bonuses | 19,615 | 20,048 | |
Provision for bonuses | 526 | 536 | |
Retirement benefit expenses | 70 | 78 | |
Utilities expenses | 3,433 | 4,053 | |
Rent expenses | 6,382 | 6,627 | |
Depreciation | 4,281 | 4,182 | |
Provision of allowance for doubtful accounts | 0 | (0) | |
Other | 10,116 | 9,985 | |
Total selling, general and administrative expenses | 44,425 | 45,511 | |
Operating profit | 8,599 | 8,540 | |
Non-operating income | |||
Interest income | 29 | 28 | |
Dividend income | 3 | 4 | |
Rental income | 87 | 94 | |
Reversal of allowance for doubtful accounts | 27 | - | |
Insurance claim income | 136 | 155 | |
Penalty income | - | 77 | |
Other | 58 | 122 | |
Total non-operating income | 342 | 482 | |
Non-operating expenses | |||
Interest expenses | 25 | 28 | |
Rental expenses | 49 | 52 | |
Loss on disposal of non-current assets | 34 | - | |
Other | 5 | 19 | |
Total non-operating expenses | 114 | 99 | |
Ordinary profit | 8,827 | 8,923 | |
Extraordinary income | |||
Gain on sale of non-current assets | 2 | - | |
Subsidy income | 35 | 0 | |
Total extraordinary income | 38 | 0 | |
Extraordinary losses | |||
Impairment losses | 177 | 63 | |
Loss on tax purpose reduction entry of non-current assets | 35 | 0 | |
Total extraordinary losses | 212 | 64 | |
Profit before income taxes | 8,653 | 8,860 | |
Income taxes - current | 3,614 | 3,414 | |
Income taxes - deferred | (490) | (175) | |
Total income taxes | 3,124 | 3,239 | |
Profit | 5,528 | 5,620 | |
Profit attributable to non-controlling interests | 9 | 3 | |
Profit attributable to owners of parent | 5,518 | 5,617 |
5
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DAIKOKUTENBUSSAN Co. Ltd. published this content on 07 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 July 2022 11:23:02 UTC.