[Translation]
The following statements are an English-language translation of the original Japanese-language document for your reference purpose only. In the case that there is any discrepancy between the original Japanese version and this English version, the Japanese version shall prevail. (All financial information has been prepared in accordance with accounting principles generally accepted in Japan.)
Consolidated Financial Statements-Summary | May 12, 2021 |
(For the fiscal year ended March 31, 2021) | |
Name of listed company: JGC HOLDINGS CORPORATION | Stock exchange: Tokyo |
Code number: 1963 | |
Representative | Tel: 045-682-1111 |
Title: Representative Director, Chairman of the Board & Chief Executive Officer (CEO) | URL: https://www.jgc.com |
Name: Masayuki Sato | |
Contact | |
Title: General Manager, Group Finance & Accounting Department | |
Name: Shinichi Taguchi | |
Scheduled Date of Ordinary Annual General Meeting of Shareholders: June 29, 2021 | |
Scheduled Date of Payment of Dividends: June 30, 2021 |
1. Consolidated Financial Results for FY2020 (April 1, 2020 - March 31, 2021)
(1) Consolidated financial results
Note: All amounts are rounded down to the nearest million yen. Percentage indicate changes from the previous term.
Net sales | Operating income | Ordinary income | Profit attributable to | |||||||||
owners of the parent | ||||||||||||
(Millions of yen) | (%) | (Millions of yen) | (%) | (Millions of yen) | (%) | (Millions of yen) | (%) | |||||
Fiscal year ended March 31, 2021 | 433,970 | (9.7) | 22,880 | 13.1 | 25,506 | 14.0 | 5,141 | 24.9 | ||||
Fiscal year ended March 31, 2020 | 480,809 | (22.4) | 20,234 | (13.0) | 22,367 | (30.8) | 4,117 | (82.8) | ||||
Note: Comprehensive income (millions of yen): | FY2020: 29,925 | (-%) | FY2019: (14,271) | (-%) | ||||||||
Earnings per | Earnings per | Return on | Ordinary | Operating | ||||||||
income/ | income/ | |||||||||||
share | share(diluted) | equity | ||||||||||
Total assets | Net sales | |||||||||||
(Yen) | (Yen) | (%) | (%) | (%) | ||||||||
Fiscal year ended March 31, 2021 | 20.37 | - | 1.3 | 3.7 | 5.3 | |||||||
Fiscal year ended March 31, 2020 | 16.32 | - | 1.0 | 3.2 | 4.2 | |||||||
Reference: Equity Gains (Losses) of Affiliated Companies (millions of yen): | FY2020: | 2,187 | FY2019: 3,875 | |||||||||
(2) Consolidated financial position | ||||||||||||
Total assets | Total net assets | Shareholders' equity | Total net assets per | |||||||||
ratio | share | |||||||||||
(Millions of yen) | (Millions of yen) | (%) | (yen) | |||||||||
As of March 31, 2021 | 702,529 | 417,616 | 59.4 | 1,652.19 | ||||||||
As of March 31, 2020 | 671,273 | 390,979 | 58.2 | 1,547.45 | ||||||||
Reference: Shareholders' equity (millions of yen): | As of March 31, 2021 : | 417,120 | As of March 31, 2020 : | 390,516 | ||||||||
(3) Consolidated cash flows | ||||||||||||
Cash flows from operating | Cash flows from investing | Cash flows from financing | Cash and cash equivalents | |||||||||
activities | activities | activities | at end of period | |||||||||
(Millions of yen) | (Millions of yen) | (Millions of yen) | (Millions of yen) | |||||||||
Fiscal year ended March 31, 2021 | 12,467 | (13,520) | 196 | 268,281 | ||||||||
Fiscal year ended March 31, 2020 | 92,442 | 19,364 | (7,699) | 261,898 | ||||||||
2. Dividends | ||||||||||||
Total | Dividends/ | |||||||||||
Payout ratio | shareholders' | |||||||||||
Annual dividends per share (Yen) | dividends | |||||||||||
(consolidated) | equity | |||||||||||
(annual) | ||||||||||||
(consolidated) | ||||||||||||
1Q term-end | 2Q term-end | 3Q term-end | Term-end | Annual | (Millions of yen) | (%) | (%) | |||||
Fiscal year ended March 31, 2020 | - | - | - | 12.00 | 12.00 | 3,028 | 73.5 | 0.8 | ||||
Fiscal year ended March 31, 2021 | - | - | - | 12.00 | 12.00 | 3,029 | 58.9 | 0.8 | ||||
Fiscal year ended March 31, 2022 | - | - | - | 15.00 | 15.00 | 29.1 | ||||||
(Forecast) | ||||||||||||
3. Earnings forecasts for FY2021 (April 1, 2021 - March 31, 2022)
Note: Percentage indicate changes from the previous term.
Net sales | Operating income | Ordinary income | Profit attributable to | |||||||||
owners of the parent | ||||||||||||
(Millions of yen) | (%) | (Millions of yen) | (%) | (Millions of yen) | (%) | (Millions of yen) | (%) | |||||
Full Year | 470,000 | - | 16,000 | - | 19,000 | - | 13,000 | - | ||||
Earnings | ||||||||||||
per share | ||||||||||||
(Yen) | ||||||||||||
Full Year | 51.50 |
As the "Accounting Standard for Revenue Recognition" (ASBJ Statement No.29), etc., has been applied since the beginning of the fiscal year ending March 31, 2022, the above forecast is based on the amounts resulting after the application of the provisions of this accounting standard, and the percentage change from the previous fiscal year is not stated.
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4. Others | ||||
(1) Changes in scope of consolidated important subsidiaries | ||||
(increase) | None | (decrease) | None | |
(2) Changes of accounting principles, procedures and presentation | ||||
(a) Changes due to revisions of accounting standards: | None | |||
(b) Changes other than the above (a): | None | |||
(c) Changes in accounting estimates: | None | |||
(d) Restatement: | None |
- Number of shares outstanding
- Number of shares outstanding at term-end (including treasury stock):
As of March 31, 2021 | : | 259,214,827 | As of March 31, 2020 | : | 259,110,861 | ||
(b) Number of treasury stock at term-end: | |||||||
As of March 31, | 2021 | : | 6,749,173 | As of March 31, | 2020 | : | 6,748,713 |
(c) Average number of shares outstanding during the period: | |||||||
Fiscal year ended March 31, | 2021 | : | 252,425,976 | Fiscal year ended March 31, | 2020 | : | 252,341,461 |
- This document is unaudited by certificated public accountants or audit firms.
-
The forecasts given above are based on information available at the time of compilation and are inherently subject to a variety of risks and uncertainties.
Actual results may vary significantly from forecasts due to factors including, but not limited to, changes in the economic or business environment and exchange rate fluctuations. - Forecasts based on : 107.00 yen/US$ 1.00
2/11
Consolidated Balance Sheets
As of March 31, | As of March 31, | |
2021 | 2020 | |
(Millions of yen) | (Millions of yen) | |
ASSETS | ||
Current assets | ||
Cash and deposits | 268,281 | 261,898 |
Notes receivable, accounts receivable from completed | 143,064 | 145,276 |
construction contracts and other | ||
Costs on uncompleted construction contracts | 20,848 | 22,989 |
Merchandise and finished goods | 5,592 | 5,366 |
Work in process | 2,651 | 2,636 |
Raw materials and supplies | 3,874 | 3,687 |
Short-term loans receivable | 446 | 437 |
Accounts receivable | 97,097 | 84,073 |
Other | 6,678 | 11,748 |
Allowance for doubtful accounts | (176) | (158) |
Total current assets | 548,359 | 537,955 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 61,504 | 59,852 |
Machinery, vehicles, tools, furniture and fixtures | 60,190 | 59,255 |
Land | 18,552 | 18,581 |
Leased assets | 1,056 | 770 |
Construction in progress | 17,835 | 910 |
Other | 4,259 | 4,422 |
Accumulated depreciation | (96,744) | (93,997) |
Total property, plant and equipment | 66,654 | 49,794 |
Intangible assets | ||
Software | 4,830 | 4,869 |
Other | 2,036 | 5,312 |
Total intangible assets | 6,867 | 10,181 |
Investments and other assets | ||
Investment securities | 54,199 | 44,807 |
Long-term loans receivable | 7,952 | 8,026 |
Net defined benefit asset | 859 | 569 |
Deferred tax assets | 15,532 | 21,713 |
Other | 15,034 | 11,241 |
Allowance for doubtful accounts | (12,929) | (13,016) |
Total investments and other assets | 80,648 | 73,341 |
Total non-current assets | 154,170 | 133,317 |
Total assets | 702,529 | 671,273 |
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As of March 31, | As of March 31, | |
2021 | 2020 | |
(Millions of yen) | (Millions of yen) | |
LIABILITIES | ||
Current liabilities | ||
Notes payable, accounts payable for construction contracts and | 41,777 | 68,239 |
other | ||
Short-term loans payable | 588 | 227 |
Current portion of bonds payable | - | 20,000 |
Income taxes payable | 1,263 | 1,955 |
Advances received on uncompleted construction contracts | 100,707 | 83,227 |
Provision for bonuses | 6,385 | 6,203 |
Provision for directors' bonuses | 61 | 77 |
Provision for loss on construction contracts | 3,590 | 11,109 |
Provision for warranties for completed construction contracts | 1,317 | 976 |
Other | 41,362 | 36,369 |
Total current liabilities | 197,055 | 228,386 |
Non-current liabilities | ||
Bonds payable | 50,000 | 30,000 |
Long-term loans payable | 16,783 | 347 |
Net defined benefit liability | 15,325 | 16,718 |
Provision for directors' retirement benefits | 219 | 253 |
Deferred tax liabilities | 1,049 | 959 |
Deferred tax liabilities for land revaluation | 1,014 | 1,014 |
Other | 3,463 | 2,614 |
Total non-current liabilities | 87,857 | 51,907 |
Total liabilities | 284,912 | 280,293 |
NET ASSETS | ||
Shareholders' equity | ||
Capital stock | 23,611 | 23,554 |
Capital surplus | 25,709 | 25,653 |
Retained earnings | 380,402 | 375,641 |
Treasury shares | (6,739) | (6,739) |
Total shareholders' equity | 422,983 | 418,109 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 5,571 | 2,205 |
Deferred gains or losses on hedges | 248 | (1,004) |
Revaluation reserve for land | (10,891) | (10,891) |
Foreign currency translation adjustment | (358) | (16,491) |
Remeasurements of defined benefit plans | (432) | (1,411) |
Total accumulated other comprehensive income | (5,862) | (27,592) |
Non-controlling interests | 495 | 463 |
Total net assets | 417,616 | 390,979 |
Total liabilities and net assets | 702,529 | 671,273 |
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Consolidated Statements of Income
Fiscal year ended | Fiscal year ended | |
March 31, 2021 | March 31, 2020 | |
(Apr. 1, 2020 - | (Apr. 1, 2019 - | |
Mar. 31, 2021) | Mar. 31, 2020) | |
(Millions of yen) | (Millions of yen) | |
Net sales | 433,970 | 480,809 |
Cost of sales | 390,188 | 437,460 |
Gross profit | 43,782 | 43,349 |
Selling, general and administrative expenses | 20,901 | 23,114 |
Operating income | 22,880 | 20,234 |
Non-operating income | ||
Interest income | 1,320 | 3,865 |
Dividend income | 897 | 2,659 |
Share of profit of entities accounted for using equity method | 2,187 | 3,875 |
Other | 783 | 671 |
Total non-operating income | 5,189 | 11,072 |
Non-operating expenses | ||
Interest expenses | 180 | 186 |
Foreign exchange losses | 2,058 | 5,228 |
Other | 324 | 3,523 |
Total non-operating expenses | 2,563 | 8,939 |
Ordinary income | 25,506 | 22,367 |
Extraordinary income | ||
Gain on sales of investment securities | 1,844 | 5,649 |
Other | 24 | 2,293 |
Total extraordinary income | 1,868 | 7,943 |
Extraordinary loss | ||
Impairment loss | 2,911 | - |
Loss on valuation of investment securities | 1,357 | 865 |
Loss on sales of shares of subsidiaries and associates | - | 3,211 |
Other | 662 | 290 |
Total extraordinary loss | 4,930 | 4,367 |
Profit before income taxes | 22,444 | 25,943 |
Income taxes | ||
Income taxes - current | 13,974 | 16,091 |
Income taxes - deffered | 3,261 | 5,593 |
Total income taxes | 17,235 | 21,685 |
Profit | 5,208 | 4,258 |
Profit attributable to non-controlling interests | 67 | 140 |
Profit attributable to owners of the parent | 5,141 | 4,117 |
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JGC Holdings Corporation published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 13:23:08 UTC.