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 Year Ended June 30, 2021
(Based on Japanese GAAP)
August 11, 2021 | |||||||||||||||||||||
Company name: | Japan Living Warranty Inc. | ||||||||||||||||||||
Stock exchange listing: | Tokyo | ||||||||||||||||||||
Stock code: | 7320 | URL https://jlw.jp | |||||||||||||||||||
Representative: | Representative director and president | Yoshitaka Adachi | |||||||||||||||||||
Inquiries: | Director, General Manager of Administration Atsushi Yoshikawa | TEL 03-6276-0401 | |||||||||||||||||||
Headquarters | |||||||||||||||||||||
Scheduled date of ordinary general meeting of shareholders: | September 28, 2021 | ||||||||||||||||||||
Scheduled date to file Securities Report: | September 28, 2021 | ||||||||||||||||||||
Scheduled date to commence dividend payments: | September 29, 2021 | ||||||||||||||||||||
Preparation of supplementary material on financial results: | Yes | ||||||||||||||||||||
Holding of financial results meeting: | Yes | (for institutional investors and analysts) | |||||||||||||||||||
(Amounts less than one million yen are rounded down) | |||||||||||||||||||||
1. Consolidated financial results for the year ended June 30, 2021 (from July 1, 2020 to June 30, 2021) | |||||||||||||||||||||
(1) Consolidated operating results | Percentages indicate year-on-year changes | ||||||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||||||||||
owners of parent | |||||||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||||||||
Year ended June 30, 2021 | 2,801 | 43.3 | 554 | 170.7 | 630 | 121.5 | 362 | 94.5 | |||||||||||||
Year ended June 30, 2020 | 1,955 | 18.7 | 204 | 13.2 | 284 | 33.6 | 186 | 30.4 | |||||||||||||
Earnings per share | Diluted earnings per | Profit attributable to | Ordinary profit/total | Operating profit/net | |||||||||||||||||
share | owners of | assets | sales | ||||||||||||||||||
parent/equity | |||||||||||||||||||||
Yen | Yen | % | % | % | |||||||||||||||||
Year ended June 30, 2021 | 72.72 | 71.22 | 46.5 | 5.6 | 19.8 | ||||||||||||||||
Year ended June 30, 2020 | 37.35 | 36.51 | 33.7 | 3.8 | 10.5 | ||||||||||||||||
(2) Consolidated financial position | |||||||||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||||||||||
Millions of yen | Millions of yen | % | Yen | ||||||||||||||||||
As of June 30, 2021 | 14,375 | 928 | 6.5 | 185.69 | |||||||||||||||||
As of June 30, 2020 | 8,288 | 630 | 7.6 | 126.08 | |||||||||||||||||
(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 of yen | Millions of yen | Millions of yen | Millions of yen | ||||||||||||||||||
Year ended June 30, 2021 | 5,120 | (1,631) | 420 | 5,172 | |||||||||||||||||
Year ended June 30, 2020 | 573 | (1,469) | 74 | 1,262 | |||||||||||||||||
2. Cash dividends | |||||||||||||||||||||
Annual dividends per share | Total cash | Dividend payout | Ratio of dividends | ||||||||||||||||||
to net assets | |||||||||||||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | dividends (Total) | ratio (Consolidated) | (Consolidated) | ||||||||||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | ||||||||||||||
Year ended June 30, 2020 | - | 0.00 | - | 5.00 | 5.00 | 25 | 13.4 | 4.5 | |||||||||||||
Year ended June 30, 2021 | - | 0.00 | - | 10.00 | 10.00 | 50 | 13.8 | 6.4 | |||||||||||||
Year ending June 30, 2022 | - | 0.00 | - | 10.00 | 10.00 | 10.8 | |||||||||||||||
(Forecast) | |||||||||||||||||||||
1
3. Forecast of consolidated financial results for the year ending June 30, 2022 (from July 1, 2021 to June 30, 2022)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | ||||||
owners of parent | ||||||||||
Six months ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
1,510 | 24.4 | 330 | 87.2 | 375 | 46.9 | 245 | 46.6 | 48.97 | ||
December 31, 2021 | ||||||||||
Full year | 3,100 | 10.6 | 610 | 10.0 | 710 | 12.6 | 465 | 28.1 | 92.96 | |
4. Notes | ||||||||||
(1) Changes in significant subsidiaries during the year ended June 30, 2021 | No | |||||||||
(changes in specified subsidiaries resulting in the change in scope of consolidation): | ||||||||||
(2) 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: | No | |||||||||
Changes in accounting policies due to other reasons: | No | |||||||||
Changes in accounting estimates: | No | |||||||||
Restatement of prior period financial statements: | No |
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2021 | 5,058,300 | shares | As of June 30, 2020 | 5,004,300 | shares | |
Number of treasury shares at the end of the period | ||||||
As of June 30, 2021 | 56,175 | shares | As of June 30, 2020 | 83 | shares | |
Average number of shares during the period | ||||||
Year ended June 30, 2021 | 4,990,627 | shares | Year ended June 30, 2020 | 4,993,867 | shares |
2
Consolidated financial statements
Consolidated balance sheets
(Thousands of yen) | |||
As of June 30, 2020 | As of June 30, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 1,203,678 | 5,547,736 | |
Accounts receivable - trade | 46,735 | 55,872 | |
Securities | 58,390 | 125,052 | |
Money held in trust | 99,902 | 199,902 | |
Prepaid expenses | 265,170 | 339,109 | |
Advances paid | 670,090 | 751,332 | |
Other | 96,711 | 286,899 | |
Total current assets | 2,440,680 | 7,305,904 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings | 49,738 | 73,785 | |
Accumulated depreciation | (2,588) | (11,809) | |
Buildings, net | 47,150 | 61,976 | |
Land | 1,339 | 39,793 | |
Other | 39,779 | 226,797 | |
Accumulated depreciation | (11,482) | (17,887) | |
Other, net | 28,296 | 208,909 | |
Total property, plant and equipment | 76,786 | 310,679 | |
Intangible assets | |||
Other | 91,928 | 139,645 | |
Total intangible assets | 91,928 | 139,645 | |
Investments and other assets | |||
Investment securities | 693,952 | 964,329 | |
Investments in capital | 500,000 | 200,010 | |
Guarantee deposits | 1,318,868 | 1,165,095 | |
Long-term prepaid expenses | 2,056,249 | 2,090,806 | |
Investment property | 896,238 | 1,937,526 | |
Accumulated depreciation | (17,973) | (36,644) | |
Investment property, net | 878,264 | 1,900,882 | |
Other | 232,027 | 297,282 | |
Total investments and other assets | 5,679,362 | 6,618,406 | |
Total non-current assets | 5,848,077 | 7,068,731 | |
Deferred assets | |||
Business commencement expenses | - | 517 | |
Total deferred assets | - | 517 | |
Total assets | 8,288,758 | 14,375,154 |
3
(Thousands of yen) | |||
As of June 30, 2020 | As of June 30, 2021 | ||
Liabilities | |||
Current liabilities | |||
Accounts payable - trade | 67,139 | 74,701 | |
Current portion of long-term borrowings | 5,880 | 33,880 | |
Income taxes payable | 37,350 | 222,602 | |
Unearned revenue | 953,056 | 1,135,091 | |
Deposits received | 207,848 | 1,508,352 | |
Provision for bonuses | 40,500 | 79,700 | |
Provision for bonuses for directors (and other officers) | - | 20,000 | |
Other | 167,475 | 324,726 | |
Total current liabilities | 1,479,250 | 3,399,054 | |
Non-current liabilities | |||
Long-term borrowings | 91,670 | 619,001 | |
Long-term unearned revenue | 4,461,783 | 5,507,472 | |
Long-term deposits received | 1,610,800 | 3,873,866 | |
Provision for point card certificates | 4,806 | 6,322 | |
Other | 9,503 | 40,554 | |
Total non-current liabilities | 6,178,564 | 10,047,216 | |
Total liabilities | 7,657,814 | 13,446,271 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 206,771 | 211,826 | |
Capital surplus | 181,771 | 186,826 | |
Retained earnings | 257,427 | 595,327 | |
Treasury shares | (93) | (120,382) | |
Total shareholders' equity | 645,877 | 873,598 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | (14,934) | 55,284 | |
Total accumulated other comprehensive income | (14,934) | 55,284 | |
Total net assets | 630,943 | 928,882 | |
Total liabilities and net assets | 8,288,758 | 14,375,154 |
4
Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income
(Thousands of yen) | |||
Fiscal year ended | Fiscal year ended | ||
June 30, 2020 | June 30, 2021 | ||
Net sales | 1,955,484 | 2,801,895 | |
Cost of sales | 766,557 | 969,245 | |
Gross profit | 1,188,926 | 1,832,650 | |
Selling, general and administrative expenses | 984,123 | 1,278,234 | |
Operating profit | 204,802 | 554,416 | |
Non-operating income | |||
Interest income | 6,583 | 7,509 | |
Dividend income | 5,712 | 4,192 | |
Gain on sale of securities | 24,308 | 53,789 | |
Rental income from investment property | 48,561 | 89,338 | |
Other | 20,334 | 16,120 | |
Total non-operating income | 105,501 | 170,950 | |
Non-operating expenses | |||
Interest expenses | 293 | 3,254 | |
Loss on sale of securities | 3,440 | 39,892 | |
Rent expenses of real estate for investment | 20,848 | 49,316 | |
Other | 976 | 2,145 | |
Total non-operating expenses | 25,560 | 94,608 | |
Ordinary profit | 284,743 | 630,757 | |
Extraordinary losses | |||
Loss on retirement of non-current assets | 112 | - | |
Head office relocation expenses | 6,902 | - | |
Bad debts written off | - | 16,378 | |
Impairment losses | - | 49,770 | |
Total extraordinary losses | 7,014 | 66,148 | |
Profit before income taxes | 277,729 | 564,609 | |
Income taxes - current | 80,856 | 226,791 | |
Income taxes - deferred | 10,315 | (25,102) | |
Total income taxes | 91,171 | 201,688 | |
Profit | 186,557 | 362,920 | |
Profit attributable to owners of parent | 186,557 | 362,920 |
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Japan Living Warranty Inc. published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2021 07:10:09 UTC.