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 Six Months Ended September 30, 2021 (Based on Japanese GAAP)
November 10, 2021 | ||||
Company name: | Kansai Super Market Ltd. | |||
Stock exchange listing: | Tokyo | |||
Stock code: | 9919 | URL http://www.kansaisuper.co.jp/ | ||
Representative: | President of Representative Director | Koji Fukutani | ||
Inquiries: | Executive Director and General Manager of | Jun Nakanishi | TEL 072-772-0341 | |
Administrative Planning Office | ||||
Scheduled date to file Quarterly Securities Report: | November 12, 2021 | |||
Scheduled date to commence dividend payments: | November 22, 2021 | |||
Preparation of supplementary material on quarterly financial results: | Yes | |||
Holding of quarterly financial results meeting: | No |
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2021 (from April 1, 2021 to September 30, 2021)
(1) Consolidated operating results (cumulative) | Percentages indicate year-on-year changes | ||||||||||
Operating revenue | Operating profit | Ordinary profit | Profit attributable to | ||||||||
owners of parent | |||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||
Six months ended September 30, 2021 | 65,140 | - | 1,184 | - | 1,344 | - | 894 | - | |||
Six months ended September 30, 2020 | 65,530 | 4.5 | 1,884 | 96.0 | 2,057 | 79.7 | 1,368 | 74.5 | |||
Note: Comprehensive income Six months ended September 30, 2021 | ¥882 million | [-%] | |||||||||
Six months ended September 30, 2020 | ¥1,584 million | [134.3%] | |||||||||
Earnings per share | Diluted earnings per share | ||||||||||
Yen | Yen | ||||||||||
Six months ended September 30, 2021 | 29.82 | - | |||||||||
Six months ended September 30, 2020 | 44.95 | - |
Note: As the Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. from the beginning of the first quarter of the fiscal year ending March 31, 2022, each figure for the six months ended September 30, 2021 is the figure after the application of the said accounting standard, etc., and the percentage changes from the same quarter of the previous year are not stated.
The following presents percentage changes that were calculated based on the hypothetical assumption that the above accounting standard, etc. had been applied from the second quarter of the fiscal year ended March 31, 2021.
Operating revenue: up 0.9%, operating profit: down 37.2%, ordinary profit: down 34.7%, profit attributable to owners of parent: down 34.7%
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | |||||
Millions of yen | Millions of yen | % | |||||
As of September 30, 2021 | 53,655 | 35,177 | 65.6 | ||||
As of March 31, 2021 | 54,720 | 34,595 | 63.2 | ||||
Reference: Equity | As of September 30, 2021 | ¥35,177 | million | ||||
As of March 31, 2021 | ¥34,595 | million |
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2. Cash dividends
Annual dividends per share | ||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | ||||
Yen | Yen | Yen | Yen | Yen | ||||
Year ended March 31, 2021 | - | 8.00 | - | 10.00 | 18.00 | |||
Year ending March 31, 2022 | - | 8.00 | ||||||
Year ending March 31, 2022 (Forecast) | - | - | - | |||||
Notes: 1. Revision of cash dividend forecast most recently announced: Yes | ||||||||
2. Breakdown of year-end dividend for the fiscal year ended March 31, 2021 | ||||||||
Ordinary dividend | ¥8.00 | Special dividend | ¥2.00 |
3. The dividend forecast for the year ending March 31, 2022 is currently undetermined as the forecast of financial results and the shareholder return policy have not been decided. The Company plans to make a disclosure promptly once the forecasted dividend amount can be disclosed.
3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
The forecast of consolidated financial results for the year ending March 31, 2022 is undetermined as it is currently difficult to reasonably calculate the impact of factors such as the business integration of the Company and the H2O Retailing Group, Izumiya Co., Ltd. and HANKYU OASIS Co., Ltd. becoming wholly owned subsidiaries through share exchange, and the transition to a holding company structure through an absorption-type company split. The Company plans to promptly disclose the consolidated financial results forecast once it can be reasonably calculated.
4. Notes
(1) Changes in significant subsidiaries during the six months ended September 30, 2021
(changes in specified subsidiaries resulting in the change in scope of consolidation):
No
Note: Although this matter does not constitute a change in specified subsidiaries in the six months ended September 30, 2021, KS Company Split Preparation Co., Ltd. (planned to change trade name to Kansai Super Market Ltd. on February 1, 2022) was newly established on September 22, 2021 in order to transition to a holding company structure through an absorption-type company split with an effective date of February 1, 2022, and is included in the scope of consolidation from the second quarter.
(2) | Application of special accounting methods for preparing quarterly consolidated financial statements: | No |
(3) | 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: | Yes | |
Changes in accounting policies due to other reasons: | No | |
Changes in accounting estimates: | No | |
Restatement of prior period financial statements: | No |
(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, 2021 | 31,940,954 | shares | As of March 31, 2021 | 31,940,954 | shares | |
Number of treasury shares at the end of the period | ||||||
As of September 30, 2021 | 1,951,827 | shares | As of March 31, 2021 | 1,951,827 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Six months ended September 30, 2021 | 29,989,127 | shares | Six months ended September 30, 2020 | 30,443,183 | shares |
- Quarterly financial results reports are exempt from quarterly reviews conducted by certified public accountants or an audit corporation.
-
Proper use of forecasts of financial results, and other special matters (Caution concerning forward-looking statements)
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. These statements do not purport that the Company pledges to realize such statements. Actual performance and other results may differ materially due to various factors.
(How to obtain supplementary material on quarterly financial results)
The supplementary material on quarterly financial results is disclosed on the same day on TDNet.
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Quarterly consolidated financial statements
Consolidated balance sheets
(Thousands of yen) | |||
As of March 31, 2021 | As of September 30, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 6,879,294 | 5,576,083 | |
Accounts receivable - trade | 1,748,865 | 1,879,832 | |
Merchandise | 2,454,843 | 2,567,596 | |
Supplies | 64,324 | 56,530 | |
Other | 1,462,862 | 1,690,005 | |
Total current assets | 12,610,189 | 11,770,048 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 9,832,726 | 9,905,872 | |
Land | 21,072,924 | 21,074,027 | |
Other, net | 2,627,651 | 2,517,196 | |
Total property, plant and equipment | 33,533,302 | 33,497,096 | |
Intangible assets | 439,304 | 509,821 | |
Investments and other assets | |||
Guarantee deposits | 4,374,895 | 4,250,061 | |
Retirement benefit asset | 970,782 | 985,840 | |
Other | 2,791,702 | 2,642,537 | |
Total investments and other assets | 8,137,380 | 7,878,439 | |
Total non-current assets | 42,109,987 | 41,885,357 | |
Total assets | 54,720,176 | 53,655,406 |
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(Thousands of yen) | |||
As of March 31, 2021 | As of September 30, 2021 | ||
Liabilities | |||
Current liabilities | |||
Accounts payable - trade | 7,585,272 | 7,793,987 | |
Current portion of long-term borrowings | 1,204,000 | 1,168,000 | |
Income taxes payable | 631,937 | 416,960 | |
Provision for bonuses | 1,026,856 | 851,104 | |
Other | 4,829,715 | 4,167,885 | |
Total current liabilities | 15,277,782 | 14,397,938 | |
Non-current liabilities | |||
Long-term borrowings | 1,314,000 | 746,000 | |
Retirement benefit liability | 876,446 | 884,776 | |
Asset retirement obligations | 517,599 | 519,579 | |
Other | 2,138,395 | 1,929,379 | |
Total non-current liabilities | 4,846,441 | 4,079,735 | |
Total liabilities | 20,124,223 | 18,477,673 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 9,862,933 | 9,862,933 | |
Capital surplus | 10,906,837 | 10,906,837 | |
Retained earnings | 15,551,557 | 16,145,491 | |
Treasury shares | (1,860,954) | (1,860,954) | |
Total shareholders' equity | 34,460,374 | 35,054,309 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 253,416 | 233,966 | |
Remeasurements of defined benefit plans | (117,838) | (110,543) | |
Total accumulated other comprehensive income | 135,578 | 123,422 | |
Total net assets | 34,595,953 | 35,177,732 | |
Total liabilities and net assets | 54,720,176 | 53,655,406 |
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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen) | |||
Six months ended | Six months ended | ||
September 30, 2020 | September 30, 2021 | ||
Net sales | 64,545,097 | 64,136,481 | |
Cost of sales | 48,653,985 | 48,889,327 | |
Gross profit | 15,891,111 | 15,247,154 | |
Operating revenue | 985,830 | 1,004,268 | |
Operating gross profit | 16,876,941 | 16,251,422 | |
Selling, general and administrative expenses | 14,992,463 | 15,067,052 | |
Operating profit | 1,884,478 | 1,184,370 | |
Non-operating income | |||
Interest income | 3,181 | 3,133 | |
Dividend income | 15,239 | 14,335 | |
Share of profit of entities accounted for using equity method | 5,661 | 1,157 | |
Commission income | 95,879 | 95,424 | |
Other | 75,028 | 67,600 | |
Total non-operating income | 194,990 | 181,652 | |
Non-operating expenses | |||
Interest expenses | 11,771 | 7,711 | |
Cost of stock administration | 6,812 | 9,418 | |
Other | 3,015 | 4,298 | |
Total non-operating expenses | 21,600 | 21,428 | |
Ordinary profit | 2,057,868 | 1,344,594 | |
Extraordinary losses | |||
Loss on sale and retirement of non-current assets | 19,951 | 9,032 | |
Total extraordinary losses | 19,951 | 9,032 | |
Profit before income taxes | 2,037,916 | 1,335,561 | |
Income taxes - current | 581,541 | 325,859 | |
Income taxes - deferred | 87,835 | 115,529 | |
Total income taxes | 669,376 | 441,388 | |
Profit | 1,368,540 | 894,173 | |
Profit attributable to non-controlling interests | - | - | |
Profit attributable to owners of parent | 1,368,540 | 894,173 |
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KANSAI SUPER MARKET Ltd. published this content on 15 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2021 07:59:05 UTC.