Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
May 10, 2022
Consolidated Financial Results | ||
for the Fiscal Year Ended March 31, 2022 | ||
(Under Japanese GAAP) | ||
Company name: | Hokuetsu Industries Co., Ltd. | |
Listing: | Tokyo Stock Exchange | |
Securities code: | 6364 | |
URL: | https://www.airman.co.jp/ | |
Representative: | Yoshimasa Horiuchi, President, CEO | |
Inquiries: | Goichi Sato, Director, General Manager of Administration Dept. | |
Telephone: | +81-25693-5571 | |
Scheduled date of annual general meeting of shareholders: | June 28, 2022 | |
Scheduled date to commence dividend payments: | June 29, 2022 | |
Scheduled date to file annual securities report: | June 28, 2022 | |
Preparation of supplementary material on financial results: | Yes | |
Holding of financial results briefing: | Yes (for institutional investors and analysts) |
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated financial results for the fiscal year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)
(1) Consolidated operating results | (Percentages indicate year-on-year changes.) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||
owners of parent | ||||||||||
Fiscal year ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||
March 31, 2022 | 36,650 | 11.3 | 3,570 | 43.4 | 4,055 | 38.8 | 2,748 | 41.4 | ||
March 31, 2021 | 32,929 | (21.2) | 2,489 | (53.2) | 2,920 | (46.5) | 1,944 | (46.3) |
Note: Comprehensive income | For the fiscal year ended March 31, 2022: | ¥2,516 million | [6.1%] | |||
For the fiscal year ended March 31, 2021: | ¥2,370 million | [(27.2)%] | ||||
Basic earnings | Diluted earnings | Return on equity | Ratio of ordinary | Ratio of operating | ||
per share | per share | profit to total | profit to net sales | |||
assets | ||||||
Fiscal year ended | Yen | Yen | % | % | % | |
March 31, 2022 | 95.76 | - | 9.0 | 9.1 | 9.7 | |
March 31, 2021 | 67.20 | - | 6.6 | 6.6 | 7.6 | |
Reference: Share of profit (loss) of entities accounted for using equity method | ||||||
For the fiscal year ended March 31, 2022: | ¥84 million | |||||
For the fiscal year ended March 31, 2021: | ¥22 million |
(2) Consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | Net assets per share | ||
As of | Millions of yen | Millions of yen | % | Yen | |
March 31, 2022 | 45,827 | 31,303 | 68.0 | 1,097.97 | |
March 31, 2021 | 43,379 | 29,962 | 68.8 | 1,036.37 | |
Reference: Equity | |||||
As of March 31, 2022: | ¥31,161 million | ||||
As of March 31, 2021: | ¥29,834 million |
(3) Consolidated cash flows
Cash flows from | Cash flows from | Cash flows from | Cash and cash | |
equivalents at end of | ||||
operating activities | investing activities | financing activities | ||
period | ||||
Fiscal year ended | Millions of yen | Millions of yen | Millions of yen | Millions of yen |
March 31, 2022 | 2,276 | (615) | (2,222) | 10,613 |
March 31, 2021 | 4,099 | (2,017) | (1,731) | 11,049 |
2. Cash dividends
Annual dividends per share | Total cash | Payout ratio | Ratio of | |||||
First | Second | Third | dividends to | |||||
Fiscal | dividends | |||||||
quarter- | quarter- | quarter- | Total | (Consolidated) | net assets | |||
year-end | (Total) | |||||||
end | end | end | (Consolidated) | |||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |
Fiscal year ended | - | 5.00 | - | 17.00 | 22.00 | 640 | 32.7 | 2.2 |
March 31, 2021 | ||||||||
Fiscal year ended | - | 10.00 | - | 20.00 | 30.00 | 865 | 31.3 | 2.8 |
March 31, 2022 | ||||||||
Fiscal year ending | - | 10.00 | - | 20.00 | 30.00 | 30.8 | ||
March 31, 2023 | ||||||||
(Forecast) | ||||||||
3. Consolidated earnings forecasts for the fiscal year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
(Percentages indicate year-on-year changes.)
Profit attributable to | Basic | |||||||||
Net sales | Operating profit | Ordinary profit | earnings per | |||||||
owners of parent | ||||||||||
share | ||||||||||
Millions of | % | Millions of | % | Millions of | % | Millions of | % | Yen | ||
yen | yen | yen | yen | |||||||
Six months ending | 19,500 | 15.5 | 1,620 | (3.8) | 1,700 | (5.2) | 1,190 | (3.7) | 41.93 | |
September 30, 2022 | ||||||||||
Fiscal year ending | 40,000 | 9.1 | 3,820 | 7.0 | 4,000 | (1.4) | 2,760 | 0.4 | 97.25 | |
March 31, 2023 | ||||||||||
* Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
- Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
- Changes in accounting policies due to other reasons: None
- Changes in accounting estimates: None
- Restatement: None
Note: For details, please refer to "3. Consolidated Financial Statements and Important Notes (5) Notes to Consolidated Financial Statements (Changes in Accounting Policies)" on the attached page 14.
(3) Number of issued shares (common shares)
(i) Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2022 | 30,165,418 shares |
As of March 31, 2021 | 30,165,418 shares |
(ii) Number of treasury shares at the end of the period
As of March 31, 2022 | 1,784,261 shares |
As of March 31, 2021 | 1,377,850 shares |
(iii) Average number of shares outstanding during the period
Fiscal year ended March 31, 2022 | 28,703,998 shares |
Fiscal year ended March 31, 2021 | 28,935,921 shares |
Note: The number of treasury shares at the end of the period includes the Company's shares (345,900 shares for the fiscal year ended March 31, 2022 and 339,700 shares for the fiscal year ended March 31, 2021) held by "Custody Bank of Japan, Ltd. (Trust Account E)." The Company's shares held by "Custody Bank of Japan, Ltd. (Trust Account E)" are included in treasury shares, which is deducted from the average number of shares outstanding during the period (329,823 shares for the fiscal year ended March 31, 2022 and 318,862 shares for the fiscal year ended March 31, 2021).
(Reference) Overview of non-consolidated financial results
Non-consolidated financial results for the fiscal year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)
(1) Non-consolidated operating results | (Percentages indicate year-on-year changes.) | ||||||||||
Net sales | Operating profit | Ordinary profit | Profit | ||||||||
Fiscal year ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||
March 31, 2022 | 35,539 | 18.6 | 2,179 | 45.3 | 3,090 | 46.4 | 2,128 | 49.4 | |||
March 31, 2021 | 29,975 | (21.7) | 1,500 | (48.4) | 2,110 | (43.2) | 1,424 | (45.0) | |||
Basic earnings | Diluted earnings | ||||||||||
per share | per share | ||||||||||
Fiscal year ended | Yen | Yen | |||||||||
March 31, 2022 | 74.16 | - | |||||||||
March 31, 2021 | 49.23 | - |
(2) Non-consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | Net assets per share | ||
As of | Millions of yen | Millions of yen | % | Yen | |
March 31, 2022 | 37,611 | 23,252 | 61.8 | 819.28 | |
March 31, 2021 | 35,556 | 22,685 | 63.8 | 788.02 | |
Reference: Equity | |||||
As of March 31, 2022: | ¥23,252 million | ||||
As of March 31, 2021: | ¥22,685 million |
- Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
-
Proper use of earnings forecasts, and other special matters (Caution regarding forward-looking statements and others)
The forward-looking statements, including earnings forecasts, contained in this material are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Consequently, any statements herein do not constitute assurances regarding actual results by the Company. Moreover, actual business and other results may differ from the forecast due to various factors going forward. Please refer to "1. Overview of operating results and others, (1) Overview of operating results for the fiscal year" on page 2 for the assumptions used in the forecast of financial results and precautionary remarks regarding the use of the forecast of financial results.
(How to obtain supplementary material on financial results)
The Company is scheduled to hold a financial results briefing for institutional investors and analysts on Monday, May 30, 2022.
Supplementary material on financial results to be used in this financial results briefing will be posted on the Company's website shortly after the briefing.
Hokuetsu Industries Co., Ltd. (6364) | ||
Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 | ||
Attachment: Table of contents | ||
Index | ||
1 Overview of operating results and others ................................................................................................. | 2 | |
(1) | Overview of operating results for the fiscal year ............................................................................... | 2 |
(2) | Overview of financial position for the fiscal year .............................................................................. | 3 |
(3) | Basic policy on profit distribution and dividends for the current and following fiscal years............. | 4 |
2 Basic approach to selection of accounting standards................................................................................ | 5 | |
3 Consolidated financial statements and significant notes thereto............................................................... | 6 | |
(1) | Consolidated balance sheet ................................................................................................................ | 6 |
(2) | Consolidated statements of income and comprehensive income ....................................................... | 8 |
Consolidated statement of income...................................................................................................... | 8 | |
Consolidated statement of comprehensive income ............................................................................ | 9 | |
(3) | Consolidated statement of changes in equity ................................................................................... | 10 |
(4) | Consolidated statement of cash flows .............................................................................................. | 12 |
(5) | Notes to consolidated financial statements....................................................................................... | 14 |
(Notes on the going-concern assumption)........................................................................................ | 14 | |
(Changes in accounting policies)...................................................................................................... | 14 | |
(Change in presentation) .................................................................................................................. | 15 | |
(Additional information) .................................................................................................................. | 15 | |
(Consolidated balance sheet)............................................................................................................ | 16 | |
(Consolidated statement of income)................................................................................................. | 16 | |
(Consolidated statement of changes in equity)................................................................................. | 17 | |
(Consolidated statement of cash flows)............................................................................................ | 20 | |
(Segment information, etc.).............................................................................................................. | 20 | |
(Per-share information) .................................................................................................................... | 22 | |
(Significant subsequent events)........................................................................................................ | 22 | |
4 Others...................................................................................................................................................... | 23 |
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Hokuetsu Industries Co. Ltd. published this content on 24 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2022 04:07:02 UTC.