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 Three Months Ended June 30, 2021 (Based on Japanese GAAP)
August 6, 2021 | ||||
Company name: | Maeda Corporation | |||
Stock exchange listing: | Tokyo | |||
Stock code: | 1824 | URL https://www.maeda.co.jp/ | ||
Representative: | President and Representative Director | Soji Maeda | ||
General Manager of Financial Strategy | ||||
Inquiries: | Department, Management Innovation | Kazutaka Deguchi | TEL 03-5276-5156 | |
Division | ||||
Scheduled date to file Quarterly Securities Report: | August 6, 2021 | |||
Scheduled date to commence dividend payments: | - | |||
Preparation of supplementary material on quarterly financial results: | No | |||
Holding of quarterly financial results meeting: | No |
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2021 (from April 1, 2021 to June 30, 2021) | |||||||||||||||
(1) Consolidated operating results (cumulative) | Percentages indicate year-on-year changes | ||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||||
owners of parent | |||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||
Three months ended June 30, 2021 | 142,134 | (0.4) | 1,129 | (80.0) | 1,249 | (84.3) | 100 | (97.2) | |||||||
Three months ended June 30, 2020 | 142,635 | 26.6 | 5,648 | (36.0) | 7,962 | (27.6) | 3,624 | (58.7) | |||||||
Earnings per share | Diluted earnings per share | ||||||||||||||
Yen | Yen | ||||||||||||||
Three months ended June 30, 2021 | 0.54 | - | |||||||||||||
Three months ended June 30, 2020 | 19.60 | - | |||||||||||||
(2) Consolidated financial position | |||||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||||
Millions of yen | Millions of yen | % | |||||||||||||
As of June 30, 2021 | 880,608 | 356,005 | 29.6 | ||||||||||||
As of March 31, 2021 | 928,889 | 367,527 | 29.1 |
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 | - | - | - | 38.00 | 38.00 |
Year ending March 31, 2022 | - | ||||
Year ending March 31, 2022 (Forecast) | - | - | 38.00 | 38.00 |
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
Net sales | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | ||||||||
owners of parent | ||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||||
Full year | 714,400 | 5.4 | 46,700 | 0.8 | 46,000 | 0.7 | 23,500 | 1.0 | 126.48 |
1
4. Notes
- Changes in significant subsidiaries during the three months ended June 30, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation):
- Application of special accounting methods for preparing quarterly consolidated financial statements:
No
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 June 30, 2021 | 194,608,482 | shares | As of March 31, 2021 | 194,608,482 | shares | |
Number of treasury shares at the end of the period | ||||||
As of June 30, 2021 | 6,957,214 | shares | As of March 31, 2021 | 7,348,884 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Three months ended June 30, 2021 | 187,535,458 | shares | Three months ended June 30, 2020 | 184,912,069 | shares |
2
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of March 31, 2021 | As of June 30, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 100,687 | 97,267 | |
Notes receivable, accounts receivable from completed | 263,430 | 231,364 | |
construction contracts and other | |||
Securities | 30 | 30 | |
Real estate for sale | 2,371 | 2,371 | |
Merchandise and finished goods | 1,597 | 1,617 | |
Costs on construction contracts in progress | 18,729 | 14,569 | |
Raw materials and supplies | 2,602 | 2,897 | |
Other | 43,895 | 38,110 | |
Allowance for doubtful accounts | (153) | (114) | |
Total current assets | 433,190 | 388,114 | |
Non-current assets | |||
Property, plant and equipment | 165,558 | 165,148 | |
Intangible assets | |||
Right to operate public facilities | 114,424 | 113,273 | |
Assets related to replacement investment to operate | 23,845 | 23,618 | |
public facilities | |||
Goodwill | 26,639 | 24,948 | |
Other | 15,693 | 15,661 | |
Total intangible assets | 180,603 | 177,501 | |
Investments and other assets | |||
Investment securities | 131,063 | 130,721 | |
Deferred tax assets | 745 | 791 | |
Retirement benefit asset | 10,345 | 11,099 | |
Other | 8,876 | 8,634 | |
Allowance for doubtful accounts | (1,674) | (1,534) | |
Total investments and other assets | 149,357 | 149,711 | |
Total non-current assets | 495,519 | 492,361 | |
Deferred assets | 179 | 133 | |
Total assets | 928,889 | 880,608 |
3
(Millions of yen) | |||
As of March 31, 2021 | As of June 30, 2021 | ||
Liabilities | |||
Current liabilities | |||
Electronically recorded obligations - operating | 7,837 | 5,733 | |
Account payable for works in progress and other | 109,917 | 89,936 | |
Short-term borrowings | 18,315 | 21,196 | |
Current portion of non-recourse loans | 1,381 | 836 | |
Current portion of bonds payable | 5,000 | 5,000 | |
Income taxes payable | 11,957 | 985 | |
Advances received on construction contracts in progress | 36,961 | 47,059 | |
Provision for loss on construction contracts | 629 | 761 | |
Other provisions | 9,662 | 4,763 | |
Liabilities related to right to operate public facilities | 4,501 | 4,501 | |
Liabilities related to replacement investment to operate | 4,819 | 4,522 | |
public facilities | |||
Other | 56,133 | 48,017 | |
Total current liabilities | 267,118 | 233,312 | |
Non-current liabilities | |||
Bonds payable | 45,000 | 45,000 | |
Non-recourse bonds | 20 | 20 | |
Long-term borrowings | 64,165 | 62,306 | |
Non-recourse loans | 15,864 | 15,864 | |
Deferred tax liabilities | 18,481 | 17,701 | |
Retirement benefit liability | 16,579 | 16,640 | |
Other provisions | 504 | 307 | |
Liabilities related to right to operate public facilities | 108,398 | 108,398 | |
Liabilities related to replacement investment to operate | 20,833 | 20,896 | |
public facilities | |||
Other | 4,394 | 4,155 | |
Total non-current liabilities | 294,242 | 291,290 | |
Total liabilities | 561,361 | 524,603 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 28,463 | 28,463 | |
Capital surplus | 37,549 | 37,682 | |
Retained earnings | 178,526 | 171,376 | |
Treasury shares | (2,833) | (2,641) | |
Total shareholders' equity | 241,706 | 234,880 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 29,218 | 26,981 | |
Deferred gains or losses on hedges | (19) | (26) | |
Foreign currency translation adjustment | 2 | 3 | |
Remeasurements of defined benefit plans | (883) | (743) | |
Total accumulated other comprehensive income | 28,317 | 26,214 | |
Non-controlling interests | 97,504 | 94,909 | |
Total net assets | 367,527 | 356,005 | |
Total liabilities and net assets | 928,889 | 880,608 |
4
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen) | |||
Three months ended | Three months ended | ||
June 30, 2020 | June 30, 2021 | ||
Net sales | |||
Net sales of completed construction contracts | 85,911 | 79,953 | |
Sales in other businesses | 56,723 | 62,180 | |
Total net sales | 142,635 | 142,134 | |
Cost of sales | |||
Cost of sales of completed construction contracts | 76,339 | 73,242 | |
Cost of sales in other businesses | 48,431 | 54,937 | |
Total cost of sales | 124,771 | 128,180 | |
Gross profit | |||
Gross profit on completed construction contracts | 9,572 | 6,711 | |
Gross profit - other business | 8,292 | 7,243 | |
Total gross profit | 17,864 | 13,954 | |
Selling, general and administrative expenses | 12,216 | 12,824 | |
Operating profit | 5,648 | 1,129 | |
Non-operating income | |||
Interest income | 38 | 64 | |
Dividend income | 3,036 | 1,031 | |
Foreign exchange gains | 116 | - | |
Other | 87 | 123 | |
Total non-operating income | 3,279 | 1,219 | |
Non-operating expenses | |||
Interest expenses | 633 | 599 | |
Foreign exchange losses | - | 1 | |
Share of loss of entities accounted for using equity method | 139 | 79 | |
Other | 192 | 417 | |
Total non-operating expenses | 965 | 1,098 | |
Ordinary profit | 7,962 | 1,249 | |
Extraordinary income | |||
Gain on sale of non-current assets | 6 | 23 | |
Gain on sale of investment securities | 1,668 | 1,508 | |
Other | 0 | 173 | |
Total extraordinary income | 1,675 | 1,705 | |
Extraordinary losses | |||
Loss on retirement of non-current assets | 68 | 45 | |
Loss on valuation of investment securities | 122 | - | |
Loss on disaster | - | 83 | |
Other | 47 | 27 | |
Total extraordinary losses | 238 | 156 | |
Profit before income taxes | 9,398 | 2,798 | |
Income taxes - current | 4,847 | 1,207 | |
Income taxes - deferred | (2,110) | 374 | |
Total income taxes | 2,736 | 1,582 | |
Profit | 6,662 | 1,216 | |
Profit attributable to non-controlling interests | 3,037 | 1,115 | |
Profit attributable to owners of parent | 3,624 | 100 |
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Maeda Corporation published this content on 16 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2021 08:01:03 UTC.