Summary of Consolidated Financial Statements
for First Quarter of Fiscal Year Ending March 31, 2024(Japan GAAP)
August 10, 2023 | ||||
Listed Exchanges: TSE | ||||
Name of Listed Company: Ishihara Sangyo Kaisha, Ltd. | ||||
Code: | 4028 | URL http://www.iskweb.co.jp | ||
Representative: | (Title) Executive Director President | (Name) Hideo Takahashi | ||
Contact: | (Title) Managing Executive Officer | (Name) Yasunobu Kawazoe | Tel +81-6-6444-1850 |
Scheduled date of securities report submission: August 10, 2023
Scheduled date of dividend payment commencement: -
(Any amount less than one million yen is rounded down to the nearest million yen or nil.)
1. Consolidated Financial Results for First Quarter of Fiscal Year Ended March 31, 2024(April 1,2023 to June 30, 2023)
- Consolidated Operating Results
(Percentages represent changes from same period in previous year.)
Net sales | Operating income | Ordinary income | Profit attributable to | ||||||||||||||||||
owners of parent | |||||||||||||||||||||
millions of yen | % | millions of yen | % | millions of yen | % | millions of yen | % | ||||||||||||||
1Q, 2023 | 37,607 | 12.9 | 3,232 | 20.3 | 5,803 | 31.4 | 4,985 | 43.9 | |||||||||||||
1Q, 2022 | 33,320 | 11.9 | 2,686 | 22.8 | 4,416 | 81.2 | 3,464 | 42.3 | |||||||||||||
(Note) Comprehensive income: | as of June 30, 2023: 5,560million yen (31.2%) , as of June 30, 2022: 4,238million yen (33.3%) | ||||||||||||||||||||
Net income per share | Net income per share after full dilution | ||||||||||||||||||||
Yen | Yen | ||||||||||||||||||||
1Q, 2023 | 130.70 | ⎯ | |||||||||||||||||||
1Q, 2022 | 86.72 | ⎯ | |||||||||||||||||||
(2) Consolidated Financial Position | |||||||||||||||||||||
Total assets | Net assets | Capital adequacy ratio | |||||||||||||||||||
millions of yen | millions of yen | % | |||||||||||||||||||
1Q, 2023 | 213,874 | 101,389 | 47.4 | ||||||||||||||||||
Year ended March 31, 2023 | 201,913 | 97,431 | 48.3 | ||||||||||||||||||
(Reference) Equity capital: | as of June 30, 2023: 101,389million yen, as of March 31, 2023: 97,431 million yen | ||||||||||||||||||||
2. Dividends | |||||||||||||||||||||
Dividends per share | |||||||||||||||||||||
(Record date) | June 30 | September 30 | December 31 | March 31 | Annual | ||||||||||||||||
(Q1-end) | (Q2-end) | (Q3-end) | (Year-end) | ||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | |||||||||||||||||
Year ended March 31, 2023 | ⎯ | 0.00 | ⎯ | 42.00 | 42.00 | ||||||||||||||||
Year ended March 31, 2024 | ⎯ | ||||||||||||||||||||
Year ending March 31, 2024 | 0.00 | ⎯ | 50.00 | 50.00 | |||||||||||||||||
(Forecast) | |||||||||||||||||||||
(Note) Modification in the dividend forecast for current quarter: No modification |
3. Forecast for Consolidated Results for the Full Year Ending March 31, 2024 (April 1, 2023 - March 31, 2024)
(Percentages represent forecasted changes from the previous year for the full year results, and forecasted changes from the same period in the previous year for the interim results.)
Net sales | Operating income | Ordinary income | Profit attributable to | Earnings per share | ||||||
owners of parent | ||||||||||
millions | % | millions | % | millions | % | millions | % | Yen | ||
of yen | of yen | of yen | of yen | |||||||
Interim (First 2Qs) | 70,000 | 9.0 | 1,500 | -55.4 | 2,600 | -59.5 | 1,400 | -68.3 | 36.70 | |
Full year | 147,000 | 12.0 | 11,000 | 27.4 | 10,500 | 1.5 | 7,500 | 7.9 | 196.64 |
(Note) Modification in the dividend forecast for current quarter: Modified
- This is an English translation of Summary originally written in Japanese and disclosed to TSE For official purposes, the Japanese version takes preference over this English translation
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4. Other information
-
Significant changes in subsidiaries during the period
(changes in specified subsidiaries resulting in the change in consolidation scope): No change - Adoption of simplified accounting treatment and special accounting treatment for quarterly consolidated statement: Not adopted
- Changes in accounting principles, procedures, and the method of presentation
1) Changes due to revisions of accounting standards etc. | : Not adopted | |
2) | Changes other than those defined in 1) above | : Not adopted |
3) | Changes in accounting procedures | : Not adopted |
4) | Changes in the method of presentation | : Not adopted |
- Issued shares (common shares)
- Issued shares as of period-end (including repurchased treasury shares)
As of June 30, 2023: | 40,383,943 shares | As of March 31, 2023: | 40,383,943 shares |
2) Number of shares of treasury stock as of period-end | |||
As of June 30, 2023: | 2,244,159 shares | As of March 31, 2023: | 2,243,479 shares |
3) Average number of outstanding shares during period | |||
1Q 2023: 38,140,128 shares | 1Q 2022: 39,953.060 shares |
*This quarterly financial results release is not subject to certified public accountants or auditing firm.
-
Notes on proper use of forecast and other matters
The forecast of financial results presented in this document is the result of management's assessment based upon currently available assumptions, prospects and plans for the future. Actual results and dividend payments may differ from these forecasts, due to risks and uncertain factors, such as the global economy, competition, and foreign currency fluctuations.
- This is an English translation of Summary originally written in Japanese and disclosed to TSE For official purposes, the Japanese version takes preference over this English translation
-2-
5. Consolidated Financial Statements, and Main Notes
(1) Consolidated Balance Sheet
(Unit: millions of yen) | ||
Account Category | As of March,2023 | As of June 2023 |
(summary) | ||
ASSETS | ||
Current Assets | ||
Cash and deposits | 17,662 | 20,091 |
Notes and accounts receivable-trade and contract assets | 38,618 | 43,613 |
Electronically recorded monetary claims - operating | 1,322 | 2,081 |
Merchandise and finished goods | 37,558 | 41,756 |
Work in process | 6,897 | 7,288 |
Raw materials and supplies | 30,323 | 29,279 |
Other | 6,292 | 5,569 |
Allowance for doubtful accounts | -1,175 | -1,165 |
Total current assets | 137,499 | 148,514 |
Noncurrent Assets | ||
Property, plant and equipment | ||
Machinery, equipment net | 20,390 | 20,597 |
Others , net | 26,338 | 25,047 |
Total property , plant and equipment | 46,728 | 45,645 |
Intangible assets | 1,396 | 2,096 |
Investments and other assets | ||
Investment securities | 8,106 | 8,839 |
Deferred tax assets | 7,308 | 7,446 |
Net defined benefit asset | 23 | 24 |
Other | 900 | 1,357 |
Allowance for doubtful accounts | -49 | -49 |
Total investments and other assets | 16,289 | 17,618 |
Total noncurrent assets | 64,414 | 65,359 |
Total Assets | 201,913 | 213,874 |
- This is an English translation of Summary originally written in Japanese and disclosed to TSE For official purposes, the Japanese version takes preference over this English translation
-3-
(Unit: millions of yen) | ||
Account Category | As of March,2023 | As of June 2023 |
(summary) | ||
LIABILITIES | ||
Current Liabilities | ||
Notes and accounts payable - trade | 22,682 | 24,153 |
Electronically recorded obligations - operating | 1,366 | 1,400 |
Short-term loans payable | 22,426 | 28,853 |
Currents portion of bonds | 938 | 938 |
Income tax payable | 403 | 613 |
Reserve | 924 | 1,510 |
Other | 10,450 | 10,628 |
Total current liabilities | ||
59,192 | 68,098 | |
Noncurrent Liabilities | ||
Bonds payable | 2,960 | 2,855 |
Long-term loans payable | 25,647 | 24,416 |
Provision for environment and safety improvement | 1,145 | 1,045 |
Other provision | 238 | 238 |
Net defined benefit liability | 12,166 | 12,134 |
Other | 3,131 | 3,651 |
Total noncurrent liabilities | ||
45,289 | 44,386 | |
Total Liabilities | ||
104,481 | 112,485 | |
NET ASSETS | ||
Shareholder's equity | ||
Capital stock | 43,420 | 43,420 |
Capital surplus | 10,653 | 10,653 |
Retained earnings | 44,102 | 47,485 |
Treasury stock | -2,710 | -2,710 |
Total shareholder's equity | ||
95,466 | 98,848 | |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 384 | 562 |
Foreign currency translation adjustment | 1,309 | 1,693 |
Remeasurements of defined benefit plans | 271 | 284 |
Total accumulated other comprehensive income | ||
1,965 | 2,540 | |
Total net assets | 97,431 | 101,389 |
Total Liabilities and Net Assets | 201,913 | 213,874 |
- This is an English translation of Summary originally written in Japanese and disclosed to TSE For official purposes, the Japanese version takes preference over this English translation
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(2) Consolidated Statements of Income
(Unit: millions of yen) | ||
Q1 2022 | Q1 2023 | |
Account Category | (April 1,2022 to | (April 1,2023 to |
June 30,2022) | June 30,2023) | |
Net sales | 33,320 | 37,607 |
Cost of sales | 24,364 | 28,063 |
Gross profit | 8,956 | 9,544 |
Selling, general and administrative expenses | 6,269 | 6,312 |
Operating income | 2,686 | 3,232 |
Non-operating income | ||
Interest income | 3 | 27 |
Dividends income | 150 | 196 |
Share of profit of entities accounted for using equity method | 176 | 423 |
Foreign exchange income | 1,525 | 1,971 |
Gain on sales of raw materials | 54 | 79 |
Other | 95 | 165 |
Total non-operating income | 2,006 | 2,863 |
Non-operating expenses | ||
Interest expenses | 122 | 143 |
Financial fee | 99 | 95 |
Other | 54 | 53 |
Total non-operating expenses | 276 | 292 |
Ordinary income | 4,416 | 5,803 |
Extraordinary income | ||
Gain on sale of investment securities | 19 | ― |
Total extraordinary income | 19 | ― |
Extraordinary loss | ||
Loss on disposal of non-current assets | 234 | 217 |
Total extraordinary loss | 234 | 217 |
Income before income taxes and minority interests | 4,200 | 5,586 |
Income taxes | 597 | 639 |
Income taxes - deferred | 138 | -38 |
Total income taxes | 736 | 600 |
Net income | 3,464 | 4,985 |
Profit attributable to owners of parent | 3,464 | 4,985 |
- This is an English translation of Summary originally written in Japanese and disclosed to TSE For official purposes, the Japanese version takes preference over this English translation
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ISHIHARA SANGYO KAISHA Ltd. published this content on 10 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2023 07:08:08 UTC.