October 30, 2017
Listed company: DAIKYO INCORPORATED Listed stock exchange: Tokyo Securities code: 8840 URL: http://www.daikyo.co.jp Representative: Akira Yamaguchi, Representative Executive Officer, President
Contact: Koichi Hinago, General Manager, Group Corporate Planning Dept. Planned date of the filing of quarterly report: November 8, 2017
Planned dividends payment commencement date: -
2Q earnings presentation materials: Yes
Holding of earnings announcement: Yes (for institutional investors and analysts)
(Amounts of less than one million yen are truncated)
Consolidated Performance for the Six Months Ended September 30, 2017 (April 1, 2017 to September 30, 2017)
) Consolidated operating results (Cumulative)
(% figures show year-on-year change) (Millions of yen)
Net sales
Operating income
Ordinary income
Profit attributable to owners of parent
Six months ended September 30, 2017
133,640
(8.9)%
1,550
(76.5)%
1,373
(78.3)%
650
(83.7)%
Six months ended September 30, 2016
146,628
(13.5)%
6,592
(39.0)%
6,332
(39.2) %
4,001
(42.6)%
(Note) Comprehensive income: Six months ended September 30, 2017: ¥686 million / (83.0)%
Six months ended September 30, 2016: ¥4,034 million / (43.4)%
Net income per share
Fully diluted net income per share
Six months ended September 30, 2017
¥7.76
¥7.66
Six months ended September 30, 2016
¥47.64
¥47.00
(Note) The Company consolidated common stock and Class 1 preferred stocks at a ratio of ten shares to one with an effective date of October 1, 2017. As a result, net income per share and fully diluted net income per share were calculated on the assumption that this share consolidation took place at the beginning of the previous consolidated fiscal year.
) Consolidated financial position (Millions of yen except for %)
Total assets
Net assets
Shareholders' equity ratio
As of September 30, 2017
259,689
172,366
66.4%
As of March 31, 2017
277,899
177,863
64.0%
(Reference) Shareholders' equity:
As of September 30, 2017: ¥172,366 million As of March 31, 2017: ¥177,863 million
State of Dividends
Annual dividends (Yen)
1Q-end
2Q-end
3Q-end
Year-end
Total
Fiscal year ended March 31, 2017
-
0.00
-
6.00
6.00
Fiscal year ending March 31, 2018
-
0.00
Fiscal year ending March 31, 2018 (Forecast)
-
60.00
60.00
(Notes) 1. Revisions to the latest performance forecast: None
The Company consolidated common stock at a ratio of ten shares to one with an effective date of October 1, 2017. The year-end dividends and total annual dividends for the fiscal year ending March 31, 2018 (forecasts) are noted here taking this share consolidation into account.
The above "State of Dividends" is only the status of dividends from common stock. Please refer to "State of Dividends from Class Stock" for the state of dividends from class stock (unlisted) issued by DAIKYO INCORPORATED ("the Company") with different rights from common stock.
Consolidated Performance Forecast for the Fiscal Year Ending March 31, 2018 (April 1, 2017 to March 31, 2018)
(% figures show year-on-year change) (Millions of yen)
Net sales
Operating income
Ordinary income
Profit attributable to owners of parent
Net income per share
Full-year
340,000
4.5%
19,000
(7.4)%
18,000
(9.9)%
12,000
(14.6)%
¥142.46
(Note) 1. Revisions to the latest performance forecast: None
Net income per share in the consolidated performance forecast for the fiscal year ending March 31, 2018 (full-year) takes into account the impact of the share consolidation.
Disclaimer
This document was prepared in English for convenience purposes only. The original Japanese document shall take precedence in the event of any discrepancies arising from the translations or interpretations contained in this document.
* Notes
New: -
(Company name: )
Excluded: -
(Company name: )
Changes in significant subsidiaries during the six months under review (changes in specified subsidiaries resulting in change in scope of consolidation): None
Application of special accounting treatment for the preparation of quarterly consolidated financial statements: None
) Changes in accounting policies and estimates, or retrospective restatements
Change in accounting policies in accordance with revision of accounting standards: None
Change in accounting policies other than item (i) above: Yes
Change in accounting estimates: None
Retrospective restatements: None
) Number of shares issued (common stock)
(Unit: share)
1) Number of issued shares at end of period (including treasury stock):
Sep. 30, 2017
84,354,273
Mar. 31, 2017
84,354,273
2) Number of shares of treasury stock at end of period:
Sep. 30, 2017
854,405
Mar. 31, 2017
350,514
3) Average number of shares during period
Apr.-Sep. 2017
83,884,168
Apr.-Sep. 2016
84,005,269
(Note) The Company consolidated common stock at a ratio of ten shares to one with an effective date of October 1, 2017. As a result, number of issued shares at end of period, number of shares of treasury stock at end of period, and average number of shares during period were calculated on the assumption that this share consolidation took place at the beginning of the previous consolidated fiscal year.
The summary of financial statements is exempt from quarterly review procedures.
Explanation of the appropriate use of performance forecasts; other points to note
Forward-looking statements in this document, including the performance outlook, etc. were written based on information the Company has at this time and certain assumptions the Company considers to be reasonable. Actual performance may differ from the forecast figures due to various factors.
On October 30, 2017, the Company plans to hold an earnings announcement for institutional investors and analysts regarding results for the second quarter. The earnings presentation materials used on that day will be posted on the Company's website after the announcement.
State of Dividends from Class Stock
Annual dividends (Yen) | |||||
1Q-end | 2Q-end | 3Q-end | Year-end | Total | |
Fiscal year ended March 31, 2017 | - | - | - | 7.73 | 7.73 |
Fiscal year ending March 31, 2018 | - | - | |||
Fiscal year ending March 31, 2018 (Forecast) | - | 75.12 | 75.12 |
The breakdown of the dividends per share from class stock with different rights from common stock is as follows. (Class 1 preferred stock)
The Company consolidated Class 1 preferred stocks at a ratio of ten shares to one with an effective date of October 1, 2017. Accordingly, year-end dividends per share and total annual dividends per share for the fiscal year ending March 31, 2018 (forecasts) take into account the effect of this share consolidation.
Daikyo Inc. published this content on 30 October 2017 and is solely responsible for the information contained herein.
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