Translation
November 14, 2022
Consolidated Financial Results
for the First Nine Months of the Fiscal Year Ending December 31, 2022
Company name: | ITOKI CORPORATION |
Listing: | Tokyo Stock Exchange |
Stock code: | 7972 |
URL: | https://www.itoki.jp/ |
Representative: | Koji Minato, President |
Inquiries: | Yoshiaki Moriya, Director, Managing Executive Officer, General Manager of |
Administrative Division | |
TEL: +81-3-6910-3910 (from overseas) |
Scheduled date to file Quarterly Securities Report: | November 14, 2022 |
Scheduled date to commence dividend payments: | - |
Preparation of supplementary material on quarterly financial results: None | |
Holding of quarterly financial results presentation meeting: | None |
(Millions of yen with fractional amounts discarded, unless otherwise noted)
1. Consolidated performance for the first nine months of the fiscal year ending
December 31, 2022 (from January 1, 2022 to September 30, 2022)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-on-year changes.) | ||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||
owners of parent | |||||||||||
Nine months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||
September 30, 2022 | 89,961 | 7.0 | 4,086 | 136.0 | 4,125 | 149.8 | 3,517 | 313.8 | |||
September 30, 2021 | 84,047 | (2.5) | 1,731 | 140.7 | 1,651 | 123.4 | 850 | - | |||
Note: | Comprehensive | income | |||||||||
For the first nine months of the fiscal year ending December 31, 2022: | 3,495 million yen [219.8%] | ||||||||||
For the first nine months of the fiscal year ended December 31, 2021: | 1,092 million yen [-%] | ||||||||||
Earnings per share | Diluted earnings per | ||||||||||
share | |||||||||||
Nine months ended | Yen | Yen | |||||||||
September 30, 2022 | 77.73 | 77.02 | |||||||||
September 30, 2021 | 18.82 | 18.69 | |||||||||
(2) Consolidated financial position | |||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||
As of | Millions of yen | Millions of yen | % | Yen | |||||||
September 30, 2022 | 108,000 | 48,166 | 44.5 | 1,061.58 | |||||||
December 31, 2021 | 103,898 | 45,076 | 43.2 | 992.89 | |||||||
Reference: | Equity | ||||||||||
As of September 30, 2022: 48,071 million yen | |||||||||||
As of December 31, 2021: 44,885 million yen |
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2. Cash dividends
Annual dividends | |||||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | |||
Yen | Yen | Yen | Yen | Yen | |||
Fiscal year ended | - | 0.00 | - | 15.00 | 15.00 | ||
December 31, 2021 | |||||||
Fiscal year ending | - | 0.00 | - | ||||
December 31, 2022 | |||||||
Fiscal year ending | |||||||
December 31, 2022 | 15.00 | 15.00 | |||||
(Forecast) | |||||||
Note: Revisions to the | forecasts of cash dividends most recently announced: None |
3. Consolidated earnings forecasts for the fiscal year ending December 31, 2022 (from January 1, 2022 to December 31, 2022)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per | ||||||
owners of parent | share | |||||||||
Millions of | % | Millions of | % | Millions of | % | Millions of | % | Yen | ||
yen | yen | yen | yen | |||||||
Fiscal year ending | 123,000 | 6.1 | 4,000 | 56.2 | 4,000 | 64.1 | 2,700 | 131.4 | 59.63 | |
December 31, 2022 | ||||||||||
Note: Revisions to the | consolidated earnings | forecasts most recently | announced: | None |
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* Notes
- Changes in significant subsidiaries during the first nine months of the fiscal year ending December 31, 2022 (changes in specified subsidiaries accompanying change in scope of consolidation): None
- Application of specific accounting for preparing the consolidated quarterly financial statements: None
- Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements after error corrections
- Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
- Changes in accounting policies due to other reasons: None
c. Changes in accounting estimates:None
d. Restatement of prior period financial statements after error corrections: None
(4) Number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2022 | 45,664,437 shares |
As of December 31, 2021 | 45,664,437 shares |
- Number of treasury shares at the end of the period
As of September 30, 2022 | 381,596 shares |
As of December 31, 2021 | 457,997 shares |
- Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended September 30, 2022 | 45,248,899 shares |
Nine months ended September 30, 2021 | 45,180,072 shares |
- Quarterly financial results reports are not required to be subjected to quarterly reviews conducted by certified public accountants or an audit corporation.
- Explanation concerning proper use of earnings forecasts and other specific matters
The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Actual results may differ materially from these forecasts due to various factors.
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Consolidated quarterly financial statements
(1) Consolidated quarterly balance sheets
(Millions of yen) | |||
As of December 31, 2021 | As of September 30, 2022 | ||
Assets | |||
Current assets | |||
Cash and deposits | 17,351 | 17,138 | |
Notes and accounts receivable - trade | 26,783 | - | |
Notes and accounts receivable - trade, and | - | 24,111 | |
contract assets | |||
Electronically recorded monetary claims - | 2,059 | 4,598 | |
operating | |||
Securities | 100 | 100 | |
Merchandise and finished goods | 5,136 | 6,311 | |
Work in process | 2,685 | 2,229 | |
Raw materials and supplies | 2,606 | 3,109 | |
Other | 1,663 | 2,997 | |
Allowance for doubtful accounts | (632) | (722) | |
Total current assets | 57,753 | 59,873 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 9,729 | 9,566 | |
Land | 9,532 | 9,300 | |
Other, net | 5,155 | 8,065 | |
Total property, plant and equipment | 24,417 | 26,932 | |
Intangible assets | |||
Goodwill | 1,317 | 1,200 | |
Other | 2,797 | 2,944 | |
Total intangible assets | 4,114 | 4,145 | |
Investments and other assets | |||
Investment securities | 5,512 | 4,978 | |
Deferred tax assets | 2,586 | 2,529 | |
Retirement benefit asset | 1,705 | 1,712 | |
Other | 8,273 | 8,295 | |
Allowance for doubtful accounts | (465) | (466) | |
Total investments and other assets | 17,612 | 17,048 | |
Total non-current assets | 46,144 | 48,126 | |
Total assets | 103,898 | 108,000 |
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(Millions of yen) | |||
As of December 31, 2021 | As of September 30, 2022 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 12,335 | 11,670 | |
Electronically recorded obligations - operating | 6,529 | 6,902 | |
Current portion of bonds payable | 40 | 80 | |
Short-term borrowings | 9,682 | 10,009 | |
Current portion of long-term borrowings | 2,024 | 1,649 | |
Income taxes payable | 1,093 | 792 | |
Accrued consumption taxes | 980 | 378 | |
Provision for bonuses | 1,712 | 1,852 | |
Provision for bonuses for directors (and other | 134 | 30 | |
officers) | |||
Provision for loss on order received | 0 | - | |
Provision for product warranties | 61 | 29 | |
Provision for loss on liquidation of subsidiaries | 192 | - | |
and associates | |||
Other | 7,756 | 10,259 | |
Total current liabilities | 42,544 | 43,655 | |
Non-current liabilities | - | ||
Bonds payable | 60 | ||
Long-term borrowings | 6,098 | 6,394 | |
Lease obligations | 1,433 | 872 | |
Deferred tax liabilities | 461 | 461 | |
Retirement benefit liability | 4,093 | 4,164 | |
Provision for retirement benefits for directors (and | 110 | 82 | |
other officers) | |||
Provision for loss on voluntary recall of products | 83 | 83 | |
Asset retirement obligations | 1,091 | 1,251 | |
Other | 2,845 | 2,869 | |
Total non-current liabilities | 16,277 | 16,178 | |
Total liabilities | 58,822 | 59,833 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 5,294 | 5,294 | |
Capital surplus | 9,638 | 9,638 | |
Retained earnings | 29,530 | 32,610 | |
Treasury shares | (161) | (134) | |
Total shareholders' equity | 44,301 | 47,408 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale | 403 | 118 | |
securities | |||
Foreign currency translation adjustment | 182 | 577 | |
Remeasurements of defined benefit plans | (2) | (32) | |
Total accumulated other comprehensive income | 583 | 663 | |
Share acquisition rights | 45 | 45 | |
Non-controlling interests | 145 | 49 | |
Total net assets | 45,076 | 48,166 | |
Total liabilities and net assets | 103,898 | 108,000 |
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Itoki Corporation published this content on 22 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2022 08:35:03 UTC.