Company Name: KOITO MANUFACTURING CO., LTD.
Stock Listing: First Section, Tokyo Stock Exchange
Code Number: 7276
URL: http://www.koito.co.jp
Representative Director: Hiroshi Mihara, President
Inquiries: Hideharu Konagaya, Senior Managing Director
Tel: +81-3-3443-7111
Filing of Quarterly Securities Report: November 2, 2017
Scheduled Payment of Dividends: December 5, 2017 Supplementary explanatory materials prepared: Yes
Explanatory meeting: Yes
(¥ millions are rounded down)
- Consolidated Results for the Second Quarter of Fiscal 2018 (April 1, 2017 to September 30, 2017)
Consolidated Operating Results (¥millions; percentage figures represent year-on-year changes)
Second Quarter
Net sales
Operating income
Recurring profit
Profit attributable to owners of parent
Fiscal 2018
445,671 16.1%
49,688 25.0%
52,312 31.9%
29,156 27.2%
Fiscal 2017
383,720 0.1%
39,748 22.7%
39,646 20.6%
22,929 61.8%
Note: Comprehensive income or loss: September 30, 2017: ¥41,594 million (402.1%), September 30, 2016:¥ 8,284 million (623.7%)
Second Quarter
Net income per share (¥)
Net income
per share (diluted) (¥)
Fiscal 2018
181.42
181.35
Fiscal 2017
142.69
142.63
Consolidated Financial Position (¥millions)
Total assets
Net assets
Equity ratio (%)
Net assets per share (¥)
September 30, 2017
626,464
400,137
58.7
2,287.24
March 31, 2017
658,341
381,000
51.0
2,090.87
Note: Equity: September 30, 2017: ¥ 367,630 million, March 31, 2017: ¥ 335,988 million
- Dividends
Dividend per share (¥)
First Quarter
Second Quarter
Third Quarter
Year End
Full Year
Fiscal 2017
-
20.00
-
34.00
54.00
Fiscal 2018
-
36.00
Fiscal 2018 (forecast)
-
-
-
Notes: 1. Revisions to recent dividend forecasts: Yes
2. The dividend record date is March 31, as prescribed by KOITO's Articles of Incorporation; the dividend forecast for the March 31, 2018 is currently undecided.
3. Forecast of Consolidated Results for Fiscal 2018 (April 1, 2017 to March 31, 2018)(¥million; percentage figures represent year-on-year changes)
Net sales
Operating income
Recurring profit
Profit attributable to owners of parent
Net income per share (¥)
Full year
822,000
△2.3%
97,000
4.8%
100,000
4.9%
71,000
25.2%
441.73
Note: Revisions to recent consolidated business forecasts: Yes
*NotesChanges to important subsidiaries during the second quarter (changes in specified subsidiaries resulting in revised scope of consolidation): Yes
Excluded: 1 company
(Company name) Shanghai Koito Automotive Lamp Co., Ltd.
(Note) For details, please refer to (4) Notes on Quarterly Consolidated Financial Statements (Changes to important subsidiaries during the second quarter) under 2. Quarterly Consolidated Financial Statements and Notes on page 10 of the supplementary materials.
Application of special accounting methods in the preparation of quarterly consolidated financial statements: None
Changes in accounting principles, accounting estimates and restatements
①Changes in accounting policies in conjunction with revisions to accounting standards: None
②Other changes: None
③Changes in accounting estimates: None
④Restatements: None
Number of shares issued (common stock)
Qualitative Information Concerning Quarterly Financial Statements and Other Matters………………………………. 2
Explanation Regarding Consolidated Operating Results…………………………………………………………… 2
Explanation Regarding Consolidated Financial Position…..……………………………………………………..… 2
Explanation Regarding Forecast of Consolidated Results for Fiscal 2018 and Other Future Projections………… 3
Quarterly Consolidated Financial Statements and Notes……………………………………………………………… 4
Quarterly Consolidated Balance Sheets…………………………………………………………………………… 4
Quarterly Consolidated Statements of Income and Comprehensive Income……………………………………… 6 Second quarter, for the six months ended September 30…………………………………………………………… 6
Quarterly Consolidated Statements of Cash Flows………………………………………………………………… 8
Notes on Quarterly Consolidated Financial Statements…………………………………………………………… 10(Going Concern Assumption) …………………………………………………………………………………… 10(Note Regarding Significant Changes in Shareholders' Equity)………………………………………………… 10(Changes to important subsidiaries during the second quarter) …………………………………………………… 10(Application of Special Accounting Methods in the Preparation of
Quarterly Consolidated Financial Statements) …………………………………………………………………… 10 (Segment Information)…………………………………………………………………………………………… 10
1
Fiscal 2018, 2Q | 160,789,436 | Fiscal 2017 | 160,789,436 |
Fiscal 2018, 2Q | 57,950 | Fiscal 2017 | 95,791 |
Fiscal 2018, 2Q | 160,712,556 | Fiscal 2017, 2Q | 160,693,772 |
①Number of shares issued (including treasury stock):
②Number of treasury stock:
③Average number of stock during the second quarter:
*This financial report is not subject to the audit procedure.
《 For Reference Only 》
Forecast of Non-consolidated Result for Fiscal 2018 (April 1, 2017 to March 31, 2018)(¥millions; percentage figures represent year-on-year changes)
Net sales | Operating income | Recurring profit | Net income | Net income per share (¥) | |
Full year | 335,000 12.5% | 37,000 26.5% | 55,000 20.3% | 56,000 80.0% | 348.41 |
Note: Revisions to recent non-consolidated business forecasts: Yes
*Explanations concerning proper use of business forecasts and other noteworthy matters (Notes on future assumptions)
The above forecasts are based on information available, and certain assumptions that are judged to be reasonable, at the time of the release of this report. KOITO is not promising that the Company will achieve these forecasts. Actual results could differ from forecasts due to a variety of factors.
(Supplementary materials for financial results)
KOITO is scheduled to have a financial results briefing for securities analysts and institutional investors on November 10, 2017. Supplementary materials to be distributed at this briefing will be made available on our website immediately after the briefing.
Table of Contents of Supplementary Materials2
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Koito Manufacturing Co. Ltd. published this content on 26 October 2017 and is solely responsible for the information contained herein.
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