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 March 31, 2022
(Based on Japanese GAAP)
Company name:Mitsubishi Pencil Co., Ltd.
Stock exchange listing: TokyoStock code: Representative:
7976 URLhttps://www.mpuni.co.jp/ Representative Director,President
Inquiries:
Executive Officer, General Manager of Financial Resources and Accounting Department
Scheduled date to file Quarterly Securities Report: Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results: Holding of quarterly financial results meeting:
Shigehiko Suhara
Hisashi Jagawa
TEL 03-3458-6215
May 9, 2022
-
Yes
No
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended March 31, 2022 (from January 1, 2022 to March 31, 2022)
(1) Consolidated operating results (cumulative)
April 28, 2022
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | |||||
Three months ended March 31, 2022 Three months ended March 31, 2021 | Millions of yen 18,106 16,203 | % 11.7 2.5 | Millions of yen 3,204 2,380 | % 34.6 3.6 | Millions of yen 3,482 2,815 | % 23.7 21.6 | Millions of yen 2,413 1,983 | % 21.6 38.4 |
Earnings per share | Diluted earnings per share | |
Three months ended March 31, 2022 Three months ended March 31, 2021 | Yen 43.34 35.35 | Yen - - |
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |
As of March 31, 2022 As of December 31, 2021 | Millions of yen 126,550 123,792 | Millions of yen 99,851 97,673 | % 77.4 77.5 | Yen 1,767.60 1,715.15 |
2. Cash dividends
Annual dividends per share | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |
Year ended December 31, 2021 Year ending December 31, 2022 | Yen - - | Yen 16.00 | Yen - | Yen 16.00 | Yen 32.00 |
Year ending December 31, 2022 (Forecast) | 16.50 | - | 16.50 | 33.00 |
3. Forecast of consolidated financial results for the year ending December 31, 2022 (from January 1, 2022 to December 31, 2022)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Earnings per share | |||||
Full year | Millions of yen 64,000 | % 3.4 | Millions of yen 8,320 | % 10.6 | Millions of yen 8,700 | % 4.7 | Millions of yen 5,900 | % 4.3 | Yen 106.30 |
4. Notes
(1) Changes in significant subsidiaries during the three months ended March 31, 2022
No
(changes in specified subsidiaries resulting in the change in scope of consolidation):
(2) Application of special accounting methods for preparing quarterly consolidated financial statements: Yes
(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 March 31, 2022 64,286,292 shares | As of December 31, 2021 64,286,292 shares |
As of March 31, 2022 64,286,292 shares As of December 31, 2021
Number of treasury shares at the end of the period
As of March 31, 2022 8,841,246 shares | As of December 31, 2021 8,382,346 shares |
As of March 31, 2022 8,841,246 shares As of December 31, 2021
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended March 31, 2022 55,675,996 shares | Three months ended March 31, 2021 56,122,912 shares |
Three months ended March 31, 2022
55,675,996 shares Three months ended March 31, 2021
56,122,912 shares
Quarterly consolidated financial statements Consolidated balance sheets
(Millions of yen) | ||
As of December 31, 2021 | As of March 31, 2022 | |
Assets Current assets Cash and deposits Notes and accounts receivable - trade Inventories Other Allowance for doubtful accounts | 44,931 16,567 18,831 2,483 (1,400) | 45,587 19,215 19,452 1,137 (1,441) |
Total current assets | 81,413 | 83,950 |
Non-current assets Property, plant and equipment Buildings and structures, net Other, net | 14,850 9,782 | 14,742 9,841 |
Total property, plant and equipment | 24,633 | 24,583 |
Intangible assets Investments and other assets Investment securities Other Allowance for doubtful accounts | 1,395 14,175 2,175 (0) | 1,384 14,450 2,180 (0) |
Total investments and other assets | 16,350 | 16,631 |
Total non-current assets | 42,379 | 42,599 |
Total assets | 123,792 | 126,550 |
(1,441)
(0)
(Millions of yen) | ||
As of December 31, 2021 | As of March 31, 2022 | |
Liabilities Current liabilities Notes and accounts payable - trade Short-term borrowings Income taxes payable Provision for bonuses Reserve for returned goods Other | 8,314 1,516 1,849 564 41 5,345 | 8,955 1,521 1,209 1,162 - 5,484 |
Total current liabilities | 17,631 | 18,333 |
Non-current liabilities Long-term borrowings Retirement benefit liability Provision for retirement benefits for directors (and other officers) Other | 3,298 3,817 101 1,270 | 3,118 3,818 104 1,324 |
Total non-current liabilities | 8,487 | 8,365 |
Total liabilities | 26,119 | 26,699 |
Net assets Shareholders' equity Share capital Capital surplus Retained earnings Treasury shares | 4,497 3,976 87,708 (6,953) | 4,497 3,976 89,270 (7,516) |
Total shareholders' equity | 89,229 | 90,227 |
Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans | 4,557 1,793 303 | 4,844 2,644 287 |
Total accumulated other comprehensive income | 6,654 | 7,777 |
Non-controlling interests | 1,789 | 1,846 |
Total net assets | 97,673 | 99,851 |
Total liabilities and net assets | 123,792 | 126,550 |
(7,516)
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income
(cumulative)
Consolidated statements of income (cumulative)
(Millions of yen) | ||
Three months ended March 31, 2021 | Three months ended March 31, 2022 | |
Net sales Cost of sales | 16,203 8,089 | 18,106 9,119 |
Gross profit | 8,113 | 8,987 |
Selling, general and administrative expenses | 5,732 | 5,783 |
Operating profit | 2,380 | 3,204 |
Non-operating income Interest income Dividend income Rental income from land and buildings Insurance claim income Foreign exchange gains Other | 4 24 14 15 355 59 | 4 14 16 9 243 11 |
Total non-operating income | 473 | 300 |
Non-operating expenses Interest expenses Commission for syndicated loans Sales discounts Other | 8 9 17 3 | 6 9 - 5 |
Total non-operating expenses | 38 | 22 |
Ordinary profit | 2,815 | 3,482 |
Extraordinary income Gain on sale of non-current assets Gain on sale of investment securities Gain on liquidation of subsidiaries and associates | 0 8 - | 0 - 33 |
Total extraordinary income | 9 | 33 |
Extraordinary losses Loss on sale and retirement of non-current assets Factory restructuring loss | 1 3 | 0 - |
Total extraordinary losses | 5 | 0 |
Profit before income taxes | 2,820 | 3,516 |
Income taxes | 751 | 1,021 |
Profit | 2,068 | 2,494 |
Profit attributable to non-controlling interests | 84 | 81 |
Profit attributable to owners of parent | 1,983 | 2,413 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Mitsubishi Pencil Co. Ltd. published this content on 02 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2022 06:16:06 UTC.