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 March 31, 2021
(Based on Japanese GAAP)
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: | Managing Director and General Manager of | Jun Nakanishi | |
Administrative Planning Office | |||
Scheduled date of ordinary general meeting of shareholders: | June 25, 2021 | ||
Scheduled date to file Securities Report: | June 28, 2021 | ||
Scheduled date to commence dividend payments: | June 28, 2021 | ||
Preparation of supplementary material on financial results: | Yes | ||
Holding of financial results meeting: | No |
April 28, 2021
TEL 072-772-0341
(Amounts less than one million yen are rounded down) | |||||||||||
1. Consolidated financial results for the year ended March 31, 2021 (from April 1, 2020 to March 31, 2021) | |||||||||||
(1) Consolidated operating results | 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 | % | ||||
Year ended March 31, 2021 | 130,940 | 3.8 | 2,731 | 21.2 | 3,086 | 19.5 | 2,005 | 19.2 | |||
Year ended March 31, 2020 | 126,184 | 2.0 | 2,254 | 13.4 | 2,582 | 10.4 | 1,682 | 22.8 |
Note: Comprehensive income | Year ended March 31, 2021 | ¥2,270 million | [59.3%] | |||||||
Year ended March 31, 2020 | ¥1,425 million | [45.0%] | ||||||||
Diluted earnings per | Profit attributable to | Ordinary profit/total | Operating profit/net | |||||||
Earnings per share | owners of | |||||||||
share | parent/equity | assets | sales | |||||||
Yen | Yen | % | % | % | ||||||
Year ended March 31, 2021 | 65.95 | - | 5.9 | 5.6 | 2.1 | |||||
Year ended March 31, 2020 | 53.80 | - | 5.0 | 4.5 | 1.8 | |||||
Reference: Share of profit (loss) of entities accounted for using equity method | ||||||||||
Year ended March 31, 2021 | ¥5 million | |||||||||
Year ended March 31, 2020 | ¥(26) million | |||||||||
(2) Consolidated financial position | ||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | |||||||
Millions of yen | Millions of yen | % | Yen | |||||||
As of March 31, 2021 | 54,720 | 34,595 | 63.2 | 1,153.62 | ||||||
As of March 31, 2020 | 54,882 | 33,344 | 60.8 | 1,095.31 | ||||||
Reference: Equity | As of March 31, 2021 | ¥34,595 million | ||||||||
As of March 31, 2020 | ¥33,344 million | |||||||||
(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 March 31, 2021 | 4,120 | (2,157) | (2,722) | 4,329 | ||||||
Year ended March 31, 2020 | 760 | (3,012) | (3,762) | 5,089 |
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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 March 31, 2020 | - | 8.00 | - | 8.00 | 16.00 | 495 | 29.7 | 1.5 | |||||||||||||
Year ended March 31, 2021 | - | 8.00 | - | 10.00 | 18.00 | 544 | 27.3 | 1.6 | |||||||||||||
Year ending March 31, 2022 | - | 8.00 | - | 8.00 | 16.00 | 23.8 | |||||||||||||||
(Forecast) | |||||||||||||||||||||
Note: Breakdown of year-end dividend for the fiscal year ended March 31, 2021 | |||||||||||||||||||||
Ordinary dividend | ¥8.00 | Special dividend | ¥2.00 | ||||||||||||||||||
3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022) | |||||||||||||||||||||
Percentages indicate year-on-year changes | |||||||||||||||||||||
Operating revenue | 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 | ||||||||||||
64,660 | - | 1,360 | - | 1,510 | - | 1,000 | - | 33.35 | |||||||||||||
September 30, 2021 | |||||||||||||||||||||
Full year | 129,090 | - | 2,820 | - | 3,110 | - | 2,020 | - | 67.36 |
Note: As the Company will apply the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29), etc. from the beginning of the fiscal year ending March 31, 2022, the above forecasts of the consolidated financial results are the amounts after the application of the said accounting standard, etc., and the percentage change from the previous fiscal year and 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 for the fiscal year ended March 31, 2021.
Six months ending September 30, 2021: Operating revenue: up 0.1%, operating profit: down 27.8%, ordinary profit: down 26.6%, profit attributable to owners of parent: down 26.9%
Full year:Operating revenue: up 0.0%, operating profit: up 3.2%, ordinary profit: up 0.8%, profit attributable to owners of parent: up 0.7%
4. Notes
(1) | Changes in significant subsidiaries during the year ended March 31, 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 March 31, 2021 | 31,940,954 | shares | As of March 31, 2020 | 31,940,954 | shares | |
Number of treasury shares at the end of the period | ||||||
As of March 31, 2021 | 1,951,827 | shares | As of March 31, 2020 | 1,497,742 | shares | |
Average number of shares during the period | ||||||
Year ended March 31, 2021 | 30,405,322 | shares | Year ended March 31, 2020 | 31,276,842 | shares |
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Reference: Summary of non-consolidated financial results | |||||||||||||
1. Non-consolidated financial results for the year ended March 31, 2021 (from April 1, 2020 to March 31, 2021) | |||||||||||||
(1) Non-consolidated operating results | (Percentages indicate year-on-year changes) | ||||||||||||
Operating revenue | Operating profit | Ordinary profit | Profit | ||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||
Year ended March 31, 2021 | 126,671 | 3.9 | 2,227 | 25.0 | 2,901 | 15.7 | 1,967 | 12.7 | |||||
Year ended March 31, 2020 | 121,966 | 2.0 | 1,782 | 14.2 | 2,507 | 7.2 | 1,746 | 18.2 | |||||
Earnings per share | Diluted earnings per | ||||||||||||
share | |||||||||||||
Yen | Yen | ||||||||||||
Year ended March 31, 2021 | 64.63 | - | |||||||||||
Year ended March 31, 2020 | 55.76 | - | |||||||||||
(2) Non-consolidated financial position | |||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||
Millions of yen | Millions of yen | % | Yen | ||||||||||
As of March 31, 2021 | 51,753 | 32,531 | 62.9 | 1,083.54 | |||||||||
As of March 31, 2020 | 51,909 | 31,386 | 60.5 | 1,029.81 | |||||||||
Reference: Equity | As of March 31, 2021 | ¥32,531 million | |||||||||||
As of March 31, 2020 | ¥31,386 million |
2. Non-consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
(Percentages indicate year-on-year changes)
Operating revenue | Ordinary profit | Profit | Earnings per share | ||||||
Six months ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||
62,510 | - | 1,580 | - | 1,140 | - | 37.97 | |||
September 30, 2021 | |||||||||
Full year | 124,790 | - | 2,920 | - | 1,980 | - | 65.95 |
Note: As the Company will apply the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29), etc. from the beginning of the fiscal year ending March 31, 2022, the above forecasts of the non-consolidated financial results are the amounts after the application of the said accounting standard, etc., and the percentage change from the previous fiscal year and 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 for the fiscal year ended March 31, 2021.
Six months ending September 30, 2021: Operating profit: up 0.1%, ordinary profit: down 25.2%, profit: down 23.8%
Full year: | Operating profit: up 0.0%, ordinary profit: up 0.6%, profit: up 0.6% |
- Financial results reports are exempt from audit 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 financial results)
The supplementary material on financial results is disclosed on the same day on TDNet.
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Consolidated financial statements
Consolidated balance sheets
(Thousands of yen) | |||
As of March 31, 2020 | As of March 31, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 7,939,118 | 6,879,294 | |
Accounts receivable - trade | 1,861,073 | 1,748,865 | |
Merchandise | 2,549,376 | 2,454,843 | |
Supplies | 59,870 | 64,324 | |
Other | 1,565,562 | 1,462,862 | |
Total current assets | 13,975,000 | 12,610,189 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures | 34,051,437 | 35,212,398 | |
Accumulated depreciation | (24,869,853) | (25,379,672) | |
Buildings and structures, net | 9,181,584 | 9,832,726 | |
Machinery, equipment and vehicles | 957,114 | 1,046,745 | |
Accumulated depreciation | (849,449) | (824,163) | |
Machinery, equipment and vehicles, net | 107,665 | 222,581 | |
Land | 20,885,024 | 21,072,924 | |
Leased assets | 2,723,917 | 2,011,350 | |
Accumulated depreciation | (1,614,283) | (1,243,548) | |
Leased assets, net | 1,109,634 | 767,802 | |
Construction in progress | 1,500 | - | |
Other | 6,754,944 | 7,323,894 | |
Accumulated depreciation | (5,686,432) | (5,686,627) | |
Other, net | 1,068,512 | 1,637,267 | |
Total property, plant and equipment | 32,353,921 | 33,533,302 | |
Intangible assets | 431,082 | 439,304 | |
Investments and other assets | |||
Investment securities | 1,502,148 | 1,755,394 | |
Guarantee deposits | 4,546,617 | 4,374,895 | |
Retirement benefit asset | 861,737 | 970,782 | |
Deferred tax assets | 1,116,817 | 980,570 | |
Other | 95,208 | 55,737 | |
Total investments and other assets | 8,122,529 | 8,137,380 | |
Total non-current assets | 40,907,533 | 42,109,987 | |
Total assets | 54,882,533 | 54,720,176 |
4
(Thousands of yen) | |||
As of March 31, 2020 | As of March 31, 2021 | ||
Liabilities | |||
Current liabilities | |||
Accounts payable - trade | 8,013,288 | 7,585,272 | |
Current portion of long-term borrowings | 1,332,000 | 1,204,000 | |
Lease obligations | 522,531 | 426,968 | |
Income taxes payable | 655,030 | 631,937 | |
Provision for bonuses | 951,549 | 1,026,856 | |
Other | 3,803,113 | 4,402,747 | |
Total current liabilities | 15,277,512 | 15,277,782 | |
Non-current liabilities | |||
Long-term borrowings | 2,358,000 | 1,314,000 | |
Lease obligations | 992,804 | 622,313 | |
Retirement benefit liability | 852,269 | 876,446 | |
Asset retirement obligations | 491,592 | 517,599 | |
Other | 1,565,675 | 1,516,082 | |
Total non-current liabilities | 6,260,341 | 4,846,441 | |
Total liabilities | 21,537,854 | 20,124,223 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 9,862,933 | 9,862,933 | |
Capital surplus | 10,906,837 | 10,906,837 | |
Retained earnings | 14,034,076 | 15,551,557 | |
Treasury shares | (1,329,217) | (1,860,954) | |
Total shareholders' equity | 33,474,630 | 34,460,374 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 47,011 | 253,416 | |
Remeasurements of defined benefit plans | (176,961) | (117,838) | |
Total accumulated other comprehensive income | (129,950) | 135,578 | |
Total net assets | 33,344,679 | 34,595,953 | |
Total liabilities and net assets | 54,882,533 | 54,720,176 |
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KANSAI SUPER MARKET Ltd. published this content on 10 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2021 06:03:02 UTC.