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 Nine Months Ended September 30, 2018
(Based on Japanese GAAP)
Company name: Nippon Carbon Co., Ltd.
Stock exchange listing: Tokyo
Takafumi Miyashita | |
Koji Imai | |
Scheduled date to file Quarterly Securities Report: | November 7, 2018 |
Scheduled date to commence dividend payments: | - |
Preparation of supplementary material on quarterly financial results: | No |
Holding of quarterly financial results meeting: | No |
Stock code: Representative:
Inquiries:
5302 URLhttp://www.carbon.co.jpPresident and Representative Director Corporate Officer and General Manager of Business Control Div.
TEL 03-6891-3730
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended September 30, 2018 (from January 1, 2018 to September 30, 2018)
(1) Consolidated operating results (cumulative)
November 7, 2018
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | |||||
Nine months ended September 30, 2018 Nine months ended September 30, 2017 | Millions of yen 33,033 19,351 | % 70.7 17.3 | Millions of yen 10,285 1,373 | % 648.7 - | Millions of yen 10,284 1,444 | % 612.2 - | Millions of yen 6,560 995 | % 559.3 - |
Earnings per share | Diluted earnings per share | |
Nine months ended September 30, 2018 Nine months ended September 30, 2017 | Yen 594.05 89.91 | Yen - - |
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |
As of September 30, 2018 As of December 31, 2017 | Millions of yen 67,664 57,656 | Millions of yen 39,184 33,906 | % 49.1 48.9 | Yen 3,007.65 2,553.20 |
2. Cash dividends
Annual dividends per share | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |
Year ended December 31, 2017 Year ending December 31, 2018 | Yen - - | Yen - 50.00 | Yen - - | Yen 50.00 | Yen 50.00 |
Year ending December 31, 2018 (Forecast) | 50.00 | 100.00 |
3. Forecast of consolidated financial results for the year ending December 31, 2018 (from January 1, 2018 to December 31, 2018)
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 45,200 | % 61.6 | Millions of yen 13,000 | % 406.0 | Millions of yen 13,000 | % 333.8 | Millions of yen 8,500 | % 187.1 | Yen 769.66 |
4. Notes
(1) Changes in significant subsidiaries during the nine months ended September 30, 2018 (changes in specified subsidiaries resulting in the change in scope of consolidation):No
(2) Application of special accounting methods for preparing quarterly consolidated financial statements:No
(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statementsChanges in accounting policies due to revisions to accounting standards and other regulations: Changes in accounting policies due to other reasons:
Changes in accounting estimates:
Restatement of prior period financial statements:
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
No No No No
As of September 30, 2018 11,832,504 shares | As of December 31, 2017 11,832,504 shares |
As of September 30, 2018
11,832,504 shares As of December 31, 2017
Number of treasury shares at the end of the period
11,832,504 shares
As of September 30, 2018 788,635 shares | As of December 31, 2017 788,847 shares |
As of September 30, 2018
788,635 shares As of December 31, 2017
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended September 30, 2018 11,043,869 shares | Nine months ended September 30, 2017 11,067,416 shares |
Nine months ended September 30, 2018
11,043,869 shares Nine months ended September 30, 2017
788,847 shares
11,067,416 shares
Quarterly consolidated financial statements Consolidated balance sheets
(Millions of yen) | ||
As of December 31, 2017 | As of September 30, 2018 | |
Assets Current assets Cash and deposits Notes and accounts receivable - trade Merchandise and finished goods Work in process Raw materials and supplies Deferred tax assets Other Allowance for doubtful accounts | 11,586 10,262 5,508 3,804 1,569 642 492 (25) | 15,173 15,136 6,616 4,078 2,336 498 400 (23) |
Total current assets | 33,840 | 44,217 |
Non-current assets Property, plant and equipment Buildings and structures Accumulated depreciation and impairment loss | 15,572 (9,306) | 15,746 (9,546) |
Buildings and structures, net | 6,265 | 6,199 |
Machinery and equipment Accumulated depreciation and impairment loss | 41,673 (36,576) | 42,009 (36,989) |
Machinery and equipment, net | 5,097 | 5,020 |
Vehicles, tools, furniture and fixtures Accumulated depreciation and impairment loss | 2,917 (2,625) | 3,082 (2,709) |
Vehicles, tools, furniture and fixtures, net | 291 | 372 |
Land Construction in progress | 3,522 113 | 3,520 308 |
Total property, plant and equipment | 15,290 | 15,421 |
Intangible assets Investments and other assets Investment securities Deferred tax assets Other Allowance for doubtful accounts | 198 6,695 146 1,500 (16) | 214 6,159 124 1,535 (9) |
Total investments and other assets | 8,326 | 7,810 |
Total non-current assets | 23,815 | 23,447 |
Total assets | 57,656 | 67,664 |
(Millions of yen) | ||
As of December 31, 2017 | As of September 30, 2018 | |
Liabilities Current liabilities Notes and accounts payable - trade Short-term loans payable Income taxes payable Provision for bonuses Provision for directors' bonuses Other | 4,349 8,417 358 135 69 1,843 | 6,500 8,465 2,751 330 78 2,486 |
Total current liabilities | 15,173 | 20,613 |
Non-current liabilities Long-term loans payable Deferred tax liabilities Net defined benefit liability Provision for directors' retirement benefits Provision For Management Board Incentive Plan Trust Provision for environmental measures Asset retirement obligations Other | 5,977 853 1,059 74 23 65 73 450 | 5,417 951 887 37 42 63 73 393 |
Total non-current liabilities | 8,576 | 7,866 |
Total liabilities | 23,750 | 28,479 |
Net assets Shareholders' equity Capital stock Capital surplus Retained earnings Treasury shares | 7,402 7,800 12,638 (1,967) | 7,402 7,800 17,911 (1,969) |
Total shareholders' equity | 25,874 | 31,146 |
Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Deferred gains or losses on hedges Remeasurements of defined benefit plans | 2,424 4 - (106) | 2,093 63 (2) (84) |
Total accumulated other comprehensive income | 2,322 | 2,070 |
Non-controlling interests | 5,709 | 5,968 |
Total net assets | 33,906 | 39,184 |
Total liabilities and net assets | 57,656 | 67,664 |
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income
(cumulative)
Consolidated statements of income (cumulative)
(Millions of yen) | ||
Nine months ended September 30, 2017 | Nine months ended September 30, 2018 | |
Net sales Cost of sales | 19,351 15,256 | 33,033 18,992 |
Gross profit | 4,094 | 14,041 |
Selling, general and administrative expenses | 2,720 | 3,755 |
Operating profit | 1,373 | 10,285 |
Non-operating income Dividend income Share of profit of entities accounted for using equity method Foreign exchange gains Gain on insurance adjustment Other | 73 - 82 6 112 | 68 17 56 0 121 |
Total non-operating income | 275 | 264 |
Non-operating expenses Interest expenses Share of loss of entities accounted for using equity method Loss on retirement of non-current assets Other | 67 98 12 26 | 66 - 114 84 |
Total non-operating expenses | 204 | 265 |
Ordinary profit | 1,444 | 10,284 |
Extraordinary losses Fire loss | - | 275 |
Total extraordinary losses | - | 275 |
Profit before income taxes | 1,444 | 10,008 |
Income taxes - current Income taxes - deferred | 219 (36) | 2,755 402 |
Total income taxes | 183 | 3,157 |
Profit | 1,260 | 6,851 |
Profit attributable to non-controlling interests | 265 | 290 |
Profit attributable to owners of parent | 995 | 6,560 |
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Nippon Carbon Co. Ltd. published this content on 26 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 November 2018 10:35:01 UTC