[REFERENCE TRANSLATION]
Please note that this translation is to be used solely as reference and the financial statements in this material are unaudited. In case of any discrepancy between this translation and the Japanese original, the latter shall prevail.
This translation is subject to change without notice. Linical Co., Ltd. shall accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or changes with regard to this translation.
Consolidated Financial Results | |
for the Year Ended March 31, 2023 | |
(Japanese GAAP) | |
May 15, 2023 | |
Company name | :Linical Co., Ltd. |
Stock Listing | :Tokyo Stock Exchange |
Code No. | :2183 |
URL | :https://www.linical.co.jp/ |
Representative | :Kazuhiro Hatano, President & Chief Executive Officer |
Contact | :Akihiro Takahashi, Executive Vice President, Chief Financial Officer |
Scheduled date of Ordinary General Meeting of Shareholders | : June 22, 2023 | |||||||||||||||||||||||||
Scheduled date of start of dividend payment | : June 8, 2023 | |||||||||||||||||||||||||
Scheduled date of filing Financial Report of fiscal Year ended | : June 23, 2023 | |||||||||||||||||||||||||
Mar 2023 | ||||||||||||||||||||||||||
Preparation of supplementary materials for the financial | : Yes | |||||||||||||||||||||||||
statements | ||||||||||||||||||||||||||
Holding of presentation for the financial results | : Yes | |||||||||||||||||||||||||
(for institutional investors and analysts) | ||||||||||||||||||||||||||
(All amounts are rounded down to the nearest million yen) | ||||||||||||||||||||||||||
1.Consolidated Financial Results for the Year Ended March 31, 2023 | ||||||||||||||||||||||||||
(April 1, 2022 to March 31, 2023) | ||||||||||||||||||||||||||
(1)Consolidated Financial Results (cumulative) | (% figures show year-on-year change) | |||||||||||||||||||||||||
Net sales | Operating income | Ordinary income | Profit attributable to | |||||||||||||||||||||||
owners of parent | ||||||||||||||||||||||||||
Year Ended | ||||||||||||||||||||||||||
(¥ million) change(%) | (¥ million) | change(%) | (¥ million) | change(%) | (¥ million) | change(%) | ||||||||||||||||||||
March 31, 2023 | 12,516 | 8.3 | 1,256 | 15.7 | 1,283 | 8.4 | 1,004 | 27.1 | ||||||||||||||||||
March 31, 2022 | 11,555 | 12.4 | 1,085 | 139.5 | 1,183 | 101.1 | 790 | 46.4 | ||||||||||||||||||
(Note) Comprehensive income | Year Ended March 31, 2023: | ¥1,354 million (16.8%) | ||||||||||||||||||||||||
Year Ended March 31, 2022: | ¥1,159 million (54.9%) | |||||||||||||||||||||||||
Net income per | Diluted net | Return on | Ratio of Ordinary | Ratio of | ||||||||||||||||||||||
profit to Total | Operating income | |||||||||||||||||||||||||
share | income per share | Equity | ||||||||||||||||||||||||
assets | to Net sales | |||||||||||||||||||||||||
Year Ended | (¥) | (%) | (%) | (%) | ||||||||||||||||||||||
March 31, 2023 | 44.47 | - | 14.2 | 7.7 | 10.0 | |||||||||||||||||||||
March 31, 2022 | 35.00 | - | 12.9 | 7.6 | 9.4 | |||||||||||||||||||||
(Reference) Equity | method investment | gain or loss: | Year Ended March 31, 2023: - million | |||||||||||||||||||||||
Year Ended March 31, 2022: - million | ||||||||||||||||||||||||||
(2)Consolidated Financial Position | ||||||||||||||||||||||||||
Total assets | Net assets | Shareholders' | Net asset per | |||||||||||||||||||||||
equity ratio | share | |||||||||||||||||||||||||
(¥ million) | (¥ million) | |||||||||||||||||||||||||
(%) | (¥) | |||||||||||||||||||||||||
As of March 31, 2023 | 17,464 | 7,581 | 43.4 | 335.65 | ||||||||||||||||||||||
As of March 31, 2022 | 15,716 | 6,543 | 41.6 | 289.69 | ||||||||||||||||||||||
(Reference) Shareholder's | equity: | As of March 31,2023: | ¥ 7,581million | |||||||||||||||||||||||
As of March 31,2022: | ¥ 6,543million |
(3) Consolidated Cash flow statement
Cash flow from | Cash flow from | Cash flow from | Cash and Cash | ||||||||||||||||||||||||||||
equivalents | |||||||||||||||||||||||||||||||
operating activities | investing activities | financing activities | |||||||||||||||||||||||||||||
at end of year | |||||||||||||||||||||||||||||||
Year Ended | (¥ million) | (¥ million) | (¥ million) | (¥ million) | |||||||||||||||||||||||||||
March 31,2023 | 1,839 | △14 | △957 | 7,042 | |||||||||||||||||||||||||||
March 31,2022 | 1,631 | 20 | △951 | 5,985 | |||||||||||||||||||||||||||
2.Dividends | |||||||||||||||||||||||||||||||
Dividends per share (¥) | Ratio of Total | ||||||||||||||||||||||||||||||
Total Amount | Amount of | ||||||||||||||||||||||||||||||
1st Quarter | 2nd Quarter | 3rd Quarter | of Cash | Dividend | Dividends to | ||||||||||||||||||||||||||
Fiscal | Total | Dividends | Payout Ratio | Shareholders' | |||||||||||||||||||||||||||
End | End | End | Year End | (annual) | (consolidated) | Equity | |||||||||||||||||||||||||
(consolidated) | |||||||||||||||||||||||||||||||
(¥ million) | (%) | (%) | |||||||||||||||||||||||||||||
Year Ended | - | 0.00 | - | 14.00 | 14.00 | 316 | 40.0 | 5.2 | |||||||||||||||||||||||
March 31, 2022 | |||||||||||||||||||||||||||||||
Year Ended | - | 0.00 | - | 14.00 | 14.00 | 316 | 31.5 | 4.5 | |||||||||||||||||||||||
March 31, 2023 | |||||||||||||||||||||||||||||||
Year Ending | |||||||||||||||||||||||||||||||
March 31, | - | 0.00 | - | 15.00 | 15.00 | 33.6 | |||||||||||||||||||||||||
2024(Forecast) | |||||||||||||||||||||||||||||||
3.Forecast of Consolidated Financial Result for the Year Ending March 31, 2024 | |||||||||||||||||||||||||||||||
(April 1, 2022 to March 31, 2024) | (% figures show year-on-year change) | ||||||||||||||||||||||||||||||
Net sales | Operating income | Ordinary income | Profit attributable | Net income | |||||||||||||||||||||||||||
to owners of | |||||||||||||||||||||||||||||||
per share | |||||||||||||||||||||||||||||||
parent | |||||||||||||||||||||||||||||||
(¥ million) | % | (¥ million) | % | (¥ million) | % | (¥ million) | % | (¥) | |||||||||||||||||||||||
Full year | 13,300 | 6.3 | 1,400 | 11.4 | 1,400 | 9.1 | 1,008 | 0.4 | 44.63 | ||||||||||||||||||||||
※ Notes | specified :No | ||||||||||||||||||||||||||||||
(1)Changes in significant subsidiaries during the period(changes in | |||||||||||||||||||||||||||||||
subsidiaries that caused changes in scope of consolidation) | |||||||||||||||||||||||||||||||
New: | - | (Company Name) | - | ||||||||||||||||||||||||||||
Exclusion: | - | (Company Name) | - |
(2)Changes in accounting policies, accounting estimates and restatements
1)Changes in accounting policies resulting from the revision of the accounting standards and other regulations
2)Changes in accounting policies other than 1) 3)Changes in accounting estimates 4)Restatements
(3)Number of issued shares (Common share)
(a)Number of issued shares at the end of the period (including treasury shares)
As of | :24,740,000 shares | ||
March 31, 2023 | :24,740,000 shares | ||
As of | March 31, 2022 | ||
(b) Number of treasury shares at the end of the period | |||
As of | March 31, 2023 | :2,153,564 shares | |
As of | March 31, 2022 | :2,153,564 shares | |
(c) Average number of shares during the period | |||
Year Ended | March 31, 2023 | :22,586,436 shares | |
Year Ended | March 31, 2022 | :22,586,436 shares |
:Yes
:No
:No
:No
(Reference)
Non-Consolidated Financial Results for the Year Ended March 31, 2023
(April 1, 2022 to March 31,2023)
(1)Non-Consolidated Financial Results
(% figures show year-on-year change)
Net sales | Operating income | Ordinary income | Net income | ||||||||||||||
Year Ended | (¥ million) | change(%) | (¥ million) | change(%) | (¥ million) | change(%) | (¥ million) | change(%) | |||||||||
March31, 2023 | 5,981 | △5.0 | 737 | 45.7 | 1,058 | 54.7 | 839 | 132.9 | |||||||||
March31, 2022 | 6,294 | △2.9 | 506 | 80.1 | 684 | 69.3 | 360 | 36.7 | |||||||||
Net income | Diluted net | ||||||||||||||||
income per | |||||||||||||||||
per share | |||||||||||||||||
share | |||||||||||||||||
(¥) | |||||||||||||||||
Year Ended | |||||||||||||||||
March31, 2023 | 37.17 | - | |||||||||||||||
March31, 2022 | 15.96 | - | |||||||||||||||
(2)Non-Consolidated Financial Position | |||||||||||||||||
Total assets | Net assets | Equity ratio | Net asset per | ||||||||||||||
share | |||||||||||||||||
(¥ million) | (¥ million) | (%) | (¥) | ||||||||||||||
As of March 31,2023 | 11,861 | 6,835 | 57.6 | 302.63 | |||||||||||||
As of March 31,2022 | 11,577 | 6,276 | 54.2 | 277.88 | |||||||||||||
(Reference)Shareholder's | equity: | As of March 31,2023: | ¥6,835million | ||||||||||||||
As of March 31,2022: | ¥6,276million |
- This release is outside the scope of the audit procedure by certified public accountants or audit firms.
- Explanation on appropriate use of forecast and other special items
This material contains business forecast and other forward-looking statements which are based on available information and certain assumptions that are considered reasonable at the time of preparation. Various factors may cause actual results to be materially different from those expressed in these forward- looking statements.
Consolidated Balance Sheets
(Thousands of yen) | ||
As of March 31, 2022 | As of March 31, 2023 | |
Assets | ||
Current assets | ||
Cash and deposits | 5,985,618 | 7,042,100 |
Accounts receivable - trade and contrac | 2,917,990 | 3,427,995 |
Prepaid expenses | 197,784 | 243,216 |
Advances paid | 987,891 | 1,037,607 |
Other | 266,645 | 270,534 |
Allowance for doubtful accounts | △34,842 | △12,786 |
Total current assets | 10,321,087 | 12,008,667 |
Non-current assets | ||
Property, plant and equipment | ||
Facilities attached to buildings | 95,045 | 95,439 |
Accumulated depreciation | △39,854 | △48,388 |
Facilities attached to buildings, | 55,190 | 47,051 |
net | ||
Tools, furniture and fixtures | 319,493 | 343,673 |
Accumulated depreciation | △209,128 | △247,379 |
Tools, furniture and fixtures, net | 110,365 | 96,294 |
Leased assets | 738,008 | 830,049 |
Accumulated depreciation | △239,453 | △348,387 |
Leased assets, net | 498,554 | 481,662 |
Total property, plant and equipment | 664,111 | 625,008 |
Intangible assets | ||
Goodwill | 3,406,633 | 3,384,139 |
Other | 159,249 | 127,054 |
Total intangible assets | 3,565,883 | 3,511,194 |
Investments and other assets | ||
Investment securities | 347,652 | 372,806 |
Long-term prepaid expenses | 5,461 | 999 |
Guarantee deposits | 366,280 | 374,096 |
Deferred tax assets | 445,992 | 571,835 |
Total investments and other assets | 1,165,387 | 1,319,737 |
Total non-current assets | 5,395,381 | 5,455,940 |
Total assets | 15,716,469 | 17,464,607 |
Consolidated Balance Sheets
(Thousands of yen) | ||
As of March 31, 2022 | As of March 31, 2023 | |
Liabilities | ||
Current liabilities | ||
Short-term borrowings | 600,000 | 600,000 |
Current portion of long-term borrowings | 539,976 | 539,976 |
Accounts payable - other | 533,842 | 579,604 |
Accrued expenses | 402,485 | 375,821 |
Income taxes payable | 193,650 | 311,502 |
Accrued consumption taxes | 38,747 | 86,222 |
Advances received | 2,147,272 | 2,207,195 |
Deposits received | 688,038 | 1,700,434 |
Provision for bonuses | 171,809 | 159,922 |
Other | 162,279 | 174,834 |
Total current liabilities | 5,478,102 | 6,735,513 |
Non-current liabilities | ||
Long-term borrowings | 2,533,566 | 1,993,590 |
Lease liabilities | 430,959 | 408,621 |
Retirement benefit liability | 689,644 | 718,354 |
Other | 41,028 | 27,313 |
Total non-current liabilities | 3,695,198 | 3,147,878 |
Total liabilities | 9,173,300 | 9,883,392 |
Net assets | ||
Shareholders' equity | ||
Share capital | 214,043 | 214,043 |
Retained earnings | 6,604,985 | 7,293,144 |
Treasury shares | △657,461 | △657,461 |
Total shareholders' equity | 6,161,567 | 6,849,726 |
Accumulated other comprehensive income | ||
Valuation difference on available-for- | 42,339 | 78,152 |
sale securities | ||
Foreign currency translation adjustment | 322,124 | 616,973 |
Remeasurements of defined benefit plans | 17,138 | 36,362 |
Total accumulated other comprehensive | 381,601 | 731,489 |
income | ||
Total net assets | 6,543,169 | 7,581,215 |
Total liabilities and net assets | 15,716,469 | 17,464,607 |
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Disclaimer
Linical Co. Ltd. published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 07:17:04 UTC.