May 12, 2023
Consolidated Financial Statements - Summary
(Year ended March 31, 2023)
This document is an English translation of the Japanese-language original. All financial information has been prepared in accordance with accounting principles generally accepted in Japan.
Company Name: | GUNZE LIMITED |
Securities Code: | 3002 |
Stock Market Listings: | Tokyo |
URL: | https://www.gunze.co.jp/ |
Representative: | Toshiyasu Saguchi, President and Representative Director |
Contact: | Junko Nakashima, General Manager, Corporate Communications |
Tel: | +81 (6) 6348-1314 |
Ordinary General Meeting of Shareholders (Scheduled): | June 23, 2023 |
Start of Distribution of Dividend (Scheduled): | June 26, 2023 |
Filing of Securities Report (Yuka shoken hokokusho) (Scheduled): | June 26, 2023 |
Preparation of Supplementary Materials for the Financial Results: | Yes |
Holding of Presentation of Financial Results: | Yes (for institutional investors/analysts) |
1. Consolidated Operating Results for FY2022 (April 1, 2022 to March 31, 2023)
(1) Consolidated operating results | (Amounts less than one million yen are omitted) | |||||||||||||||
(Percentages represent year-over-year changes) | ||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||||||
owners of parent | ||||||||||||||||
¥ millions | % | ¥ millions | % | ¥ millions | % | ¥ millions | % | |||||||||
FY2022 | 136,030 | 9.4 | 5,812 | 19.1 | 6,021 | 11.5 | 4,501 | 53.1 | ||||||||
FY2021 | 124,314 | - | 4,880 | - | 5,399 | - | 2,939 | - | ||||||||
Note: Comprehensive | income | |||||||||||||||
FY2022: ¥6,319 million [89.6%] | FY2021: ¥3,332 million [(60.0)%] | |||||||||||||||
EPS | Diluted EPS | Return on | Ordinary profit | Operating | ||||||||||||
profit to net | ||||||||||||||||
equity | to total assets | |||||||||||||||
sales | ||||||||||||||||
¥ | ¥ | % | % | % | ||||||||||||
FY2022 | 261.38 | 260.75 | 3.9 | 3.7 | 4.3 | |||||||||||
FY2021 | 168.93 | 168.43 | 2.6 | 3.4 | 3.9 | |||||||||||
Reference: Equity in | income of affiliated | companies: | FY2022: - | FY2021: - |
Note: GUNZE has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and other related standards. Accordingly, year-over-year increases/decreases (%) of the figures for the fiscal year ended March 31, 2022 are not provided.
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | ||
¥ millions | ¥ millions | % | ¥ | ||
FY2022 | 165,927 | 117,691 | 69.8 | 6,789.78 | |
FY2021 | 158,216 | 114,790 | 71.4 | 6,535.42 | |
Reference: Total equity | |||||
As of March 31, 2023: ¥115,757 million | As of March 31, 2022: ¥112,903 million |
(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 | ¥ millions | ¥ millions | ¥ millions | |
FY2022 | 1,794 | (5,920) | 1,007 | 11,547 |
FY2021 | 9,155 | 6,806 | (12,358) | 14,469 |
2. Dividends
Annual dividends per share (¥) | ||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Year-end | |
FY2021 | − | − | − | 140.00 |
FY2022 | − | − | − | 147.00 |
FY2023 (projected) | − | − | − | 150.00 |
Total
140.00
147.00
150.00
Total cash | Payout ratio | Dividends to net | |
dividends paid | (consolidated) | assets (consolidated) | |
¥ millions | % | % | |
FY2021 | 2,418 | 82.9 | 2.2 |
FY2022 | 2,505 | 56.2 | 2.2 |
FY2023 (projected) | 53.3 | ||
3. Projected Results for FY2023 (April 1, 2023 to March 31, 2024)
Net sales | Operating profit | Ordinary profit | ||||
¥ millions | % | ¥ millions | % | ¥ millions | % | |
FY2023 full year | 140,000 | 2.9 | 7,500 | 29.0 | 7,500 | 24.6 |
Profit | EPS | |||||
¥ millions | % | ¥ | ||||
FY2023 full year | 4,800 | 6.6 | 281.54 | |||
Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries during the period accompanied by changes in the scope of consolidation): No
- Changes in accounting policies, changes in accounting estimates, and restatement after error corrections
- Changes in accounting policies due to revisions to accounting standards and other regulations: No
- Changes in accounting policies other than (a) above: No
- Changes in accounting estimates: No
- Restatement after error corrections: No
- Number of shares issued and outstanding (common stock)
- Number of shares at the end of period (including treasury stock):
FY2022: 17,293,516 shares
FY2021: 18,293,516 shares
- Treasury stock at the end of period: FY2022: 244,692 shares FY2021: 1,017,897 shares
-
Average number of shares during the period: FY2022: 17,220,646 shares
FY2021: 17,400,635 shares
(Reference) Summary of Non-consolidated Results
Non-consolidated Operating Results for FY2022 (Apr. 1, 2022 to Mar. 31, 2023)
(1) Non-consolidated Operating Results
Net sales | Operating profit | Ordinary profit | Profit | ||||||||
¥ millions | % | ¥ millions | % | ¥ millions | % | ¥ millions | % | ||||
FY2022 | 98,192 | 8.9 | 1,899 | 1,920.2 | 7,508 | 152.5 | 5,725 | 237.0 | |||
FY2021 | 90,134 | - | 94 | - | 2,974 | - | 1,699 | - | |||
EPS | Diluted EPS | ||||||||||
¥ | ¥ | ||||||||||
FY2022 | 332.45 | 331.66 | |||||||||
FY2021 | 97.69 | 97.40 |
Note: GUNZE has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and other related standards. Accordingly, year-over-year increases/decreases (%) of the figures for the fiscal year ended March 31, 2022 are not provided.
(2) Non-consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per | ||
share | |||||
¥ millions | ¥ millions | % | ¥ | ||
FY2022 | 140,192 | 109,620 | 78.1 | 6,422.46 | |
FY2021 | 134,257 | 106,315 | 79.1 | 6,146.48 | |
Reference: Total equity | |||||
FY2022: ¥109,495 million | FY2021: ¥106,184 million |
- This summary of consolidated results is exempt from the audit procedures by certified public accountants or an audit corporation.
-
Notes regarding the proper use of projections of the results and other matters
Projections of results and future developments are based on information available to the Company at the current time, as well as certain assumptions judged by the Company to be reasonable. Various factors could cause actual results to differ materially from these projections. For the assumptions that form the basis of the projected results and notes regarding the use of projections, see (4) "Outlook for FY2023" of "1. Results of Operations" on page 5 of attached materials.
(Attachment) | ||
Table of Contents | ||
1. Results of Operations | 2 | |
(1) Analysis of Full-Year Results | 2 | |
(2) Analysis of Financial Position | 3 | |
(3) | Summary of Cash Flows for FY2022 | 3 |
(4) | Outlook for FY2023 | 5 |
(5) | Basic Policy on Distribution of Profits and Dividends for FY2022 and FY2023 | 6 |
2. Basic Policy for Selection of Accounting Standards | 6 | |
3. Consolidated Financial Statements and Primary Notes | 7 | |
(1) | Consolidated Balance Sheets | 7 |
(2) | Consolidated Statements of Income and Consolidated Statements of Comprehensive Income | ..... 9 |
(3) | Consolidated Statements of Changes in Shareholders' Equity, etc. ............................................... 11 | |
(4) | Consolidated Statements of Cash Flows | 15 |
(5) | Notes to Consolidated Financial Statements | 17 |
(Notes Regarding Assumptions of Continuing Operations) | 17 | |
(Segment Information, etc.) | 17 | |
(Per Share Information) | 23 | |
(Significant Subsequent Events) | 24 | |
4. Supplementary Information | 25 |
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Gunze Ltd. published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 06:12:15 UTC.