This document has been translated from the Japanese original "Kessan Tanshin" disclosed at the Tokyo Stock Exchange on November 11, 2021 and prepared for reference purpose only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Consolidated Financial Results for the Second Quarter Ended September 30, 2021 〔Japanese GAAP〕
November 11, 2021
Company name : Kumagai Gumi Co., Ltd.
Stock exchange listings : Tokyo Stock Exchange, 1st Section
Securities code : 1861 URL : https://www.kumagaigumi.co.jp/
Representative : Yasunori Sakurano, President
Contact : Chihiro Nosaka, General Manager, Accounting Department, Administration Division
Tel. 03-3235-8606
Date of filing of quarterly securities report : November 11, 2021
Scheduled date of dividend payment : ―
Supplemental materials for quarterly financial results : Yes
Presentation on quarterly financial results : Yes
(Rounded down to the nearest million yen)
1.Consolidated Results for the Second Quarter Ended September 30, 2021 (April 1, 2021 - September 30, 2021)
(1) Consolidated Operating Results | (Percentage figures are changes from the same period in the previous fiscal year) | |||||||||||||||||||||||
Net sales of completed | Operating income | Ordinary income | Profit attributable to | |||||||||||||||||||||
construction contracts | owners of parent | |||||||||||||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||||||||||||||
FY2021 2nd Quarter | 189,555 | (8.4) | 8,708 | (26.5) | 9,130 | (24.1) | 6,259 | (19.0) | ||||||||||||||||
FY2020 2nd Quarter | 206,884 | 3.4 | 11,841 | 23.1 | 12,033 | 21.9 | 7,728 | (2.2) | ||||||||||||||||
(Note) Comprehensive income | FY2021 2nd Quarter 5,610 million yen | (32.4)% | FY2020 2nd Quarter | 8,295 million yen | 13.0% | |||||||||||||||||||
Basic earnings per share | Diluted earnings per share | |||||||||||||||||||||||
Yen | Yen | |||||||||||||||||||||||
FY2021 2nd Quarter | 134.32 | - | ||||||||||||||||||||||
FY2020 2nd Quarter | 165.86 | - | ||||||||||||||||||||||
(2) Consolidated Financial Position | ||||||||||||||||||||||||
Total assets | Net assets | Capital adequacy ratio | Net assets per share | |||||||||||||||||||||
Million yen | Million yen | % | Yen | |||||||||||||||||||||
FY2021 2nd Quarter | 353,383 | 163,848 | 46.4 | 3,516.07 | ||||||||||||||||||||
FY2020 | 379,573 | 163,835 | 43.2 | 3,516.07 | ||||||||||||||||||||
(Reference) Owner's equity | FY2021 2nd Quarter | 163,848 million yen | FY2020 163,835 million yen | |||||||||||||||||||||
2.Dividends | ||||||||||||||||||||||||
Annual cash dividends per share | ||||||||||||||||||||||||
End of 1st quarter | End of 2nd quarter | End of 3rd quarter | Year-end | Total | ||||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | ||||||||||||||||||||
FY2020 | ― | ― | ― | 120.00 | 120.00 | |||||||||||||||||||
FY2021 | ― | ― | ||||||||||||||||||||||
FY2021 (forecast) | ― | 120.00 | 120.00 | |||||||||||||||||||||
(Note) Revision to the latest forecasts of cash dividends announced : None | ||||||||||||||||||||||||
3.Forecast of Consolidated Operating Results for FY2021 (April 1, 2021 - March 31, 2022) | ||||||||||||||||||||||||
(Percentage figures are changes from the same period in the previous fiscal year) | ||||||||||||||||||||||||
Net sales of completed | Operating income | Ordinary income | Profit attributable to | Basic earnings | ||||||||||||||||||||
construction contracts | owners of parent | per share | ||||||||||||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | ||||||||||||||||
FY2021 | 451,000 | 0.2 | 27,000 | (3.8) | 27,400 | (3.5) | 18,600 | 3.8 | 399.15 | |||||||||||||||
(Note) Revision to the latest forecasts of consolidated operating results announced : None
※Basic earnings per share does not take into account the impact of the "Acquisition of Own Shares" and "Acquisition of Shares in the Stock Compensation Plan" announced today.
※ Notes
(1) Changes in significant subsidiaries during the period
(Changes in specified subsidiaries that resulted in a change in the scope of consolidation) : None
(2) Application of specific accounting for quarterly consolidated financial statements : None
(3) Changes in accounting policies, changes in accounting estimates, and retrospective restatements ① Changes in accounting policies due to the revision of the accounting standards
② Changes in accounting policies other than ①
③ Changes in accounting estimates
④ Retrospective restatements
(4) Number of shares issued (common stock) | (Shares) | |||
① Number of shares issued at the end of the period (including treasury stocks) | FY2021 Q2 | 46,805,660 | FY2020 | 46,805,660 |
② Number of treasury stocks at the end of the period | FY2021 Q2 | 205,671 | FY2020 | 209,338 |
③ Average number of shares outstanding during the period | FY2021 Q2 | 46,599,069 | FY2020 Q2 | 46,598,663 |
(quarterly cumulative total) | ||||
※ "Kessan Tanshin" is not subject to the quarterly review.
※ Explanation regarding the appropriate use of forecasts of operating results, and other specific comments
The financial forecast of operating results in this document are based on information available at present and logical assessments. Actual results may be materially different from expectations due to a variety of factors.
(Reference) Summery of Nonconsolidated Financial Results
(Rounded down to the nearest million yen)
1.Nonconsolidated Results for the First Quarter Ended September 30, 2021 (April 1, 2021 - September 30, 2021) | |||||||||||
(1) Nonconsolidated Operating Results | (Percentage figures are changes from the same period in the previous fiscal year) | ||||||||||
Net sales of completed | Operating income | Ordinary income | Profit | ||||||||
construction contracts | |||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||
FY2021 2nd Quarter | 147,905 | (11.6) | 7,380 | (28.1) | 9,194 | (19.1) | 6,758 | (12.4) | |||
FY2020 2nd Quarter | 167,345 | 4.2 | 10,269 | 32.0 | 11,371 | 38.2 | 7,717 | 38.3 | |||
Basic earnings per share | Diluted earnings per share | ||||||||||
Yen | Yen | ||||||||||
FY2021 2nd Quarter | 144.71 | - | |||||||||
FY2020 2nd Quarter | 165.24 | - | |||||||||
(2) Nonconsolidated Financial Position | |||||||||||
Total assets | Net assets | Capital adequacy ratio | Net assets per share | ||||||||
Million yen | Million yen | % | Yen | ||||||||
FY2021 2nd Quarter | 293,214 | 131,283 | 44.8 | 2,810.98 | |||||||
FY2020 | 316,659 | 131,287 | 41.5 | 2,811.32 | |||||||
(Reference) Owner's equity | FY2021 2nd Quarter 131,283 million yen | FY2020 131,287 million yen | |||||||||
2.Forecast of Nonconsolidated Operating Results for FY2021 (April 1, 2021 - March 31, 2022) | |||||||||||
(Percentage figures are changes from the same period in the previous fiscal year) | |||||||||||
Net sales of completed | Ordinary income | Profit | Basic earnings per share | ||||||||
construction contracts | |||||||||||
Million yen | % | Million yen | % | Million yen | % | Yen | |||||
FY2021 | 344,000 | (4.5) | 22,600 | (4.0) | 15,800 | 5.0 | 338.31 | ||||
(Note) Revision to the latest forecasts of nonconsolidated operating results announced : None
※Basic earnings per share does not take into account the impact of the "Acquisition of Own Shares" and "Acquisition of Shares in the Stock Compensation Plan" announced today.
1.Quarterly Consolidated Financial Statements
(1)Quarterly consolidated balance sheet
(millions of yen) | ||
Prior Fiscal Year | Current 2nd Quarter | |
(As of March 31, 2021) | (As of September 30, 2021) | |
Assets | ||
Current assets | ||
Cash and deposits | 71,335 | 68,013 |
Notes receivable, accounts receivable from completed | 197,175 | 181,284 |
construction contracts and other | ||
Costs on construction contracts in progress | 6,454 | 11,133 |
Accounts receivable - other | 29,477 | 22,654 |
Other | 7,554 | 3,282 |
Allowance for doubtful accounts | (226) | (42) |
Total current assets | 311,770 | 286,327 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 7,491 | 8,006 |
Land | 15,105 | 15,079 |
Other, net | 3,061 | 2,892 |
Total property, plant and equipment | 25,658 | 25,978 |
Intangible assets | 558 | 652 |
Investments and other assets | ||
Investment securities | 29,711 | 28,076 |
Deferred tax assets | 7,245 | 7,257 |
Other | 4,807 | 5,271 |
Allowance for doubtful accounts | (177) | (181) |
Total investments and other assets | 41,587 | 40,424 |
Total non-current assets | 67,803 | 67,055 |
Total assets | 379,573 | 353,383 |
1
(millions of yen) | ||
Prior Fiscal Year | Current 2nd Quarter | |
(As of March 31, 2021) | (As of September 30, 2021) | |
Liabilities | ||
Current liabilities | ||
Notes payable, accounts payable for construction contracts | 84,610 | 64,395 |
and other | ||
Electronically recorded obligations - operating | 37,435 | 26,173 |
Short-term borrowings | 4,161 | 3,215 |
Advances received on construction contracts in progress | 11,929 | 21,290 |
Deposits received | 34,622 | 35,966 |
Provision for warranties for completed construction | 473 | 558 |
Provision for loss on construction contracts | 156 | 124 |
Provision for contingent loss | 1,482 | 115 |
Provision for bonuses | 4,256 | 4,031 |
Other | 11,475 | 7,598 |
Total current liabilities | 190,604 | 163,470 |
Non-current liabilities | ||
Long-term borrowings | 7,728 | 8,600 |
Provision for share awards | 140 | 150 |
Retirement benefit liability | 16,644 | 16,734 |
Other | 620 | 579 |
Total non-current liabilities | 25,133 | 26,064 |
Total liabilities | 215,737 | 189,534 |
Net assets | ||
Shareholders' equity | ||
Share capital | 30,108 | 30,108 |
Capital surplus | 25,156 | 25,156 |
Retained earnings | 104,727 | 105,376 |
Treasury shares | (451) | (439) |
Total shareholders' equity | 159,540 | 160,201 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 4,241 | 3,076 |
Foreign currency translation adjustment | 384 | 837 |
Remeasurements of defined benefit plans | (330) | (267) |
Total accumulated other comprehensive income | 4,294 | 3,646 |
Total net assets | 163,835 | 163,848 |
Total liabilities and net assets | 379,573 | 353,383 |
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Kumagai Gumi Co. Ltd. published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 06:26:28 UTC.