Annual Securities Report
(Report pursuant to Article 24, Paragraph 1 of the
Financial Instruments and Exchange Act)
The | From April 1, 2022, |
71st Fiscal Year | to March 31, 2023 |
Nifco Inc.
E02386
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Table of Contents | ||
Cover | Page | |
2. | History | 6 |
3. | Description of Business | 8 |
4. | Status of Subsidiaries and Associates | 11 |
5. | Status of Employees | 14 |
II. | Business Overview | 16 |
1. | Management Policies, Management Environment and Issues to Be Addressed | 16 |
2. | Sustainability Concept and Initiatives | 17 |
3. | Business Risks | 19 |
4. | Management's Analysis of Financial Position, Operating Results and Cash Flows | 21 |
5. | Important Business Contracts, etc | 26 |
6. | Research and Development Activities | 29 |
III. | Status of Facilities | 30 |
1. | Overview of Capital Investment, etc | 30 |
2. | Status of Major Facilities | 31 |
3. | Plans for Construction and Retirement, etc. of Facilities | 32 |
IV. | Status of the Company | 33 |
1. | Status of Shares, etc | 33 |
(1) | Total number of shares, etc | 33 |
(2) | Status of share acquisition rights, etc | 33 |
(3) | Exercise status, etc. of moving strike convertible bonds with share acquisition rights, etc | 33 |
(4) | Trends in total number of issued shares and share capital, etc | 34 |
(5) | Shareholding status | 34 |
(6) | Status of major shareholders | 35 |
(7) | Status of voting rights | 37 |
(8) | Details of executive and employee stock ownership plan | |
2. | Status of Acquisition, etc. of Treasury Shares | 40 |
3. | Dividend Policy | 42 |
4. | Status of Corporate Governance, etc | 43 |
V. | Financial Information | 65 |
1. | Consolidated Financial Statements, etc | 66 |
(1) | Consolidated Financial Statements | 66 |
(2) | Others | 109 |
2. | Financial Statements, etc | 110 |
(1) | Financial Statements | 110 |
(2) | Details of major assets and liabilities | 120 |
(3) | Others | 120 |
VI. | Stock-Related Administration for the Company | 121 |
VII. | Reference Information on the Company | 122 |
1. | Information on the Parent Company, etc. of the Company | 122 |
2. | Other Reference Information | 122 |
Part II. | Information on the Guarantee Companies, etc. of the Company | 123 |
[Audit Report] | ||
[Internal Control Report] |
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[Cover]
[Document filed] | Annual Securities Report |
[Applicable law] | Article 24, Paragraph 1 of the Financial Instruments and Exchange Act |
[Filed to] | Director-General, Kanto Local Finance Bureau |
[Filing date] | June 22, 2023 |
[Fiscal year] | 71st fiscal year (from April 1, 2022, to March 31, 2023) |
[Company name] | Nifco Inc. |
[Company name (English)] | Nifco Inc. |
[Title and name of representative] | Masaharu Shibao, President & Representative Director |
[Address of head office] | 5-3 Hikarinooka, Yokosuka-shi, Kanagawa |
[Phone number] | +81-46-839-0225 |
[Contact person] | Masaya Nagaoka, Executive Managing Officer, Head of Management Control |
[Contact address] | Mita Bellju Building 20th Floor, 5-36-7 Shiba, Minato-ku, Tokyo |
[Phone number] | +81-3-5476-4853 |
[Contact person] | Masaya Nagaoka, Executive Managing Officer, Head of Management Control |
[Place where available for public inspection] | Tokyo Stock Exchange, Inc. |
(2-1,Nihonbashi-kabutocho,Chuo-ku, Tokyo) |
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Part I. Information on the Company
- Company Overview
1. Trends in Key Management Indicators, etc.
- Consolidated management indicators, etc.
Term | 67th | 68th | 69th | 70th | 71st | |
Fiscal years ended | March 31, 2019 | March 31, 2020 | March 31, 2021 | March 31, 2022 | March 31, 2023 | |
Net sales | (millions of | 288,902 | 288,012 | 256,078 | 283,777 | 321,771 |
yen) | ||||||
Ordinary profit | (millions of | 28,778 | 28,765 | 29,535 | 33,602 | 37,876 |
yen) | ||||||
Profit attributable to owners | (millions of | 20,753 | 18,321 | 18,402 | 22,959 | 21,170 |
of parent | yen) | |||||
Comprehensive income | (millions of | 14,802 | 16,923 | 17,511 | 33,180 | 33,527 |
yen) | ||||||
Net assets | (millions of | 160,690 | 168,786 | 178,649 | 200,875 | 226,127 |
yen) | ||||||
Total assets | (millions of | 284,842 | 304,184 | 307,127 | 333,068 | 359,150 |
yen) | ||||||
Net assets per share | (yen) | 1,538.96 | 1,630.57 | 1,737.80 | 1,978.36 | 2,237.06 |
Basic earnings per share | (yen) | 199.90 | 177.87 | 181.09 | 227.27 | 211.28 |
Diluted earnings per share | (yen) | 192.73 | 171.43 | - | - | - |
Equity ratio | (%) | 55.7 | 54.8 | 57.5 | 59.5 | 62.2 |
Return on equity | (%) | 13.2 | 11.3 | 10.7 | 12.3 | 10.0 |
Price-earnings ratio | (Times) | 14.1 | 10.9 | 22.3 | 12.3 | 17.8 |
Cash flows from operating | (millions of | 37,371 | 35,829 | 39,922 | 31,743 | 37,261 |
activities | yen) | |||||
Cash flows from investing | (millions of | (14,884) | (21,617) | (12,570) | (9,479) | (11,530) |
activities | yen) | |||||
Cash flows from financing | (millions of | (7,076) | 1,040 | (20,273) | (13,516) | (17,418) |
activities | yen) | |||||
Cash and cash equivalents at | (millions of | 74,200 | 88,552 | 95,744 | 109,992 | 122,233 |
end of period | yen) | |||||
Number of employees | 11,804 | 11,486 | 10,745 | 10,193 | 10,169 | |
[Average number of | (persons) | |||||
(3,699) | (3,449) | (3,359) | (3,004) | (3,100) | ||
temporary employees] | ||||||
(Notes) 1. Diluted earnings per share for the 69th, 70th, and 71st terms are not stated because there are no dilutive shares. |
2. "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. has been applied from the beginning of the 70th term, and the principle management indicators, etc. for the 70th term and subsequent terms are those after the application of the accounting standard, etc.
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- Non-consolidatedmanagement indicators
Term | 67th | 68th | 69th | 70th | 71st | ||
Fiscal years ended | March 31, 2019 | March 31, 2020 | March 31, 2021 | March 31, 2022 | March 31, 2023 | ||
Net sales | (millions of | 83,644 | 88,496 | 79,584 | 83,365 | 86,391 | |
yen) | |||||||
Ordinary profit | (millions of | 15,098 | 15,928 | 19,201 | 18,617 | 22,389 | |
yen) | |||||||
Profit | (millions of | 13,240 | 13,163 | 15,931 | 16,629 | 18,674 | |
yen) | |||||||
Share capital | (millions of | 7,290 | 7,290 | 7,290 | 7,290 | 7,290 | |
yen) | |||||||
Total number of issued shares | (Thousand | 107,508 | 107,508 | 107,508 | 107,508 | 107,508 | |
shares) | |||||||
Net assets | (millions of | 95,517 | 100,090 | 109,266 | 115,575 | 126,926 | |
yen) | |||||||
Total assets | (millions of | 165,522 | 184,646 | 185,203 | 191,152 | 202,483 | |
yen) | |||||||
Net assets per share | (yen) | 925.73 | 979.26 | 1,075.97 | 1,153.75 | 1,270.14 | |
Dividends per share | 62.00 | 62.00 | 53.00 | 62.00 | 64.00 | ||
(yen) | |||||||
(Interim dividends per share) | (31.00) | (31.00) | (25.00) | (31.00) | (31.00) | ||
Basic earnings per share | (yen) | 127.53 | 127.79 | 156.78 | 164.62 | 186.37 | |
Diluted earnings per share | (yen) | 122.93 | 123.14 | - | - | - | |
Equity ratio | (%) | 57.7 | 54.2 | 59.0 | 60.5 | 62.7 | |
Return on equity | (%) | 14.1 | 13.5 | 15.2 | 14.8 | 15.4 | |
Price-earnings ratio | (Times) | 22.1 | 15.2 | 25.7 | 17.0 | 20.1 | |
Dividend payout ratio | (%) | 48.6 | 48.5 | 33.8 | 37.7 | 34.3 | |
Number of employees | 1,290 | 1,355 | 1,388 | 1,375 | 1,361 | ||
[Average number of | (persons) | ||||||
(494) | (503) | (468) | (411) | (383) | |||
temporary employees] | |||||||
Total shareholder return | (%) | 79.0 | 56.5 | 115.4 | 83.0 | 111.0 | |
[Benchmark: TOPIX | (%) | (95.0) | (85.9) | (122.1) | (124.6) | (131.8) | |
including dividends) | |||||||
Highest share price | (yen) | 4,070 | 3,290 | 4,210 | 4,370 | 3,775 | |
Lowest share price | (yen) | 2,437 | 1,661 | 1,737 | 2,608 | 2,484 | |
(Notes) 1. | Diluted earnings per share for the 69th, 70th, and 71st terms are not stated because there are no dilutive shares. |
- The highest and lowest share prices are those recorded on the Prime Market of the Tokyo Stock Exchange on or after April 4, 2022, or on the first section of the Tokyo Stock Exchange before that date.
- "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. has been applied from the beginning of the 70th term, and the principle management indicators, etc. for the 70th term and subsequent terms are those after the application of the accounting standard, etc.
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Disclaimer
Nifco Inc. published this content on 15 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2023 09:34:06 UTC.