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 Three Months Ended February 28, 2022
(Based on Japanese GAAP)
Company name: First Brothers Co., Ltd.
Stock exchange listing: Tokyo
Yoshinobu Hotta | TEL 03(5219)5370 |
Scheduled date to file Quarterly Securities Report: | April 11, 2022 |
Scheduled date to commence dividend payments: | - |
Preparation of supplementary material on quarterly financial results: | Yes |
Holding of quarterly financial results meeting: | No |
(Amounts less than one million yen are rounded down) |
Stock code: Representative: Inquiries:
3454 URLhttps://www.firstbrothers.com/
President Tomoki Yoshihara Chief Financial Officer
1. Consolidated financial results for the three months ended February 28, 2022 (from December 1, 2021 to February 28, 2022)
(1) Consolidated operating results (cumulative)
April 8, 2022
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | |||||
Three months ended February 28, 2022 Three months ended February 28, 2021 | Millions of yen 6,345 2,303 | % 175.5 150.7 | Millions of yen 1,129 152 | % 641.5 368.4 | Millions of yen 1,043 100 | % 943.5 - | Millions of yen 665 60 | % 992.2 - |
Earnings per share | Diluted earnings per share | |
Three months ended February 28, 2022 Three months ended February 28, 2021 | Yen 47.44 4.34 | Yen - - |
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |
As of February 28, 2022 As of November 30, 2021 | Millions of yen 80,437 82,551 | Millions of yen 21,107 20,809 | % 26.1 25.1 | Yen 1,497.92 1,476.71 |
2. Cash dividends
Annual dividends per share | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |
Year ended November 30, 2021 Year ending November 30, 2022 | Yen - - | Yen 0.00 | Yen - | Yen 27.00 | Yen 27.00 |
Year ending November 30, 2022 (Forecast) | 0.00 | - | 30.00 | 30.00 |
3. Forecast of consolidated financial results for the year ending November 30, 2022 (from December 1, 2021 to November 30, 2022)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Earnings per share | |||||
Full year | Millions of yen 24,900 | % (6.7) | Millions of yen 2,880 | % (41.7) | Millions of yen 2,010 | % (54.1) | Millions of yen 1,300 | % (53.5) | Yen 92.70 |
4. Notes
(1) Changes in significant subsidiaries during the three months ended February 28, 2022
No
(changes in specified subsidiaries resulting in the change in scope of consolidation):
(2) Application of special accounting methods for preparing quarterly consolidated financial statements: No
(3) 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 |
(4) Number of issued shares (common shares) | |
Total number of issued shares at the end of the period (including treasury shares) |
As of February 28, 2022 14,445,000 shares | As of November 30, 2021 14,445,000 shares |
As of February 28, 2022 14,445,000 shares As of November 30, 2
Number of treasury shares at the end of the period
As of February 28, 2022 421,710 shares | As of November 30, 2021 421,710 shares |
As of February 28, 2022 421,710 shares As of November 30, 2021
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended February 28, 2022 14,023,290 shares | Three months ended February 28, 2021 14,023,290 shares |
Three months ended February 28, 2022
14,023,290 shares Three months ended February 28, 2021
14,023,290 shares
Quarterly consolidated financial statements Consolidated balance sheets
(Thousands of yen) | ||
As of November 30, 2021 | As of February 28, 2022 | |
Assets Current assets Cash and deposits Deposits in trust Accounts receivable - trade Real estate for sale Real estate for sale in process Operational investment securities Other Allowance for doubtful accounts | 10,766,170 740,507 281,949 44,908,794 4,275,774 342,414 1,339,478 (0) | 8,490,593 708,657 243,375 41,693,513 3,285,066 346,098 1,524,041 (0) |
Total current assets | 62,655,088 | 56,291,346 |
Non-current assets Property, plant and equipment Buildings and structures, net Land Other, net | 8,690,582 8,753,917 666,467 | 10,304,816 10,190,260 1,134,078 |
Total property, plant and equipment | 18,110,967 | 21,629,155 |
Intangible assets Goodwill Other | 367,290 14,186 | 1,204,812 13,838 |
Total intangible assets | 381,476 | 1,218,650 |
Investments and other assets | 1,404,206 | 1,298,403 |
Total non-current assets | 19,896,650 | 24,146,210 |
Total assets | 82,551,738 | 80,437,556 |
Liabilities Current liabilities Short-term borrowings Current portion of long-term borrowings Income taxes payable Provision for bonuses Other | 3,454,179 1,890,848 856,693 25,850 2,642,917 | 2,905,837 1,918,184 216,367 80,944 1,191,737 |
Total current liabilities | 8,870,488 | 6,313,071 |
Non-current liabilities Long-term borrowings Long-term non-recourse loans payable Retirement benefit liability Other | 44,384,923 3,420,000 12,977 5,053,360 | 44,264,196 3,420,000 29,846 5,302,639 |
Total non-current liabilities | 52,871,260 | 53,016,683 |
Total liabilities | 61,741,748 | 59,329,754 |
(0)
(Thousands of yen) | ||
As of November 30, 2021 | As of February 28, 2022 | |
Net assets Shareholders' equity Share capital Capital surplus Retained earnings Treasury shares | 1,589,830 1,917,257 17,440,845 (278,086) | 1,589,830 1,917,257 17,736,237 (278,086) |
Total shareholders' equity | 20,669,847 | 20,965,240 |
Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges | 39,337 (816) | 35,184 5,295 |
Total accumulated other comprehensive income | 38,521 | 40,479 |
Non-controlling interests | 101,620 | 102,082 |
Total net assets | 20,809,990 | 21,107,802 |
Total liabilities and net assets | 82,551,738 | 80,437,556 |
(278,086)
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income
(cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen) | ||
Three months ended February 28, 2021 | Three months ended February 28, 2022 | |
Net sales Cost of sales | 2,303,379 1,707,420 | 6,345,730 4,609,183 |
Gross profit | 595,959 | 1,736,546 |
Selling, general and administrative expenses | 443,689 | 607,448 |
Operating profit | 152,269 | 1,129,097 |
Non-operating income Interest income Dividend income Interest on tax refund Subsidy income Gain on valuation of derivatives Other | 22 51 477 1,017 68,721 1,866 | 76 35 0 18,702 53,414 5,269 |
Total non-operating income | 72,156 | 77,497 |
Non-operating expenses Interest expenses Commission expenses Other | 98,448 25,958 0 | 137,575 25,265 - |
Total non-operating expenses | 124,406 | 162,841 |
Ordinary profit | 100,019 | 1,043,753 |
Extraordinary losses Loss on retirement of non-current assets | 37 | 960 |
Total extraordinary losses | 37 | 960 |
Profit before income taxes | 99,982 | 1,042,793 |
Income taxes - current Income taxes - deferred | 282,491 (241,675) | 324,700 55,358 |
Total income taxes | 40,815 | 380,059 |
Profit | 59,167 | 662,734 |
Loss attributable to non-controlling interests | (1,737) | (2,467) |
Profit attributable to owners of parent | 60,904 | 665,202 |
(2,467)
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
First Brothers Co. Ltd. published this content on 12 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2022 08:30:11 UTC.