Summary of Consolidated Financial Results for the Three-month Period Ended June 30, 2020 (Japanese accounting standards)
Released: July 31, 2020 | |||||||||||||||||
Name of listed firm: | Nojima Corporation | Listed on the Tokyo Stock Exchange | |||||||||||||||
Code No.: | 7419 | URL | http://www.nojima.co.jp | ||||||||||||||
Representative: | Hiroshi Nojima, President & Representative Executive Officer | Tel.: +81-50-3116-1545 | |||||||||||||||
Contact: | Satoshi Hisaka, Executive Officer/General Manager, Finance and Accounting Division | ||||||||||||||||
Scheduled date of quarterly report filing: | August 14, 2020 | ||||||||||||||||
Scheduled start date of dividend payments: | - | ||||||||||||||||
Supplemental materials on quarterly financial results: | No | ||||||||||||||||
Briefing session for quarterly financial results for analysts: No | |||||||||||||||||
(Amounts are rounded down to the nearest million yen.) | |||||||||||||||||
1. Consolidated financial results for the three-month period ended June 30, 2020 (April 1, 2020 - June 30, 2020) | |||||||||||||||||
(1) Consolidated results of operations | (Percentages indicate year-on-year | changes.) | |||||||||||||||
Net income attributable | |||||||||||||||||
Net sales | Operating income | Ordinary income | EBITDA | to shareholders of the | |||||||||||||
parent company | |||||||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||||||
Three-month period ended | 106,330 | -18.0 | 6,022 | 64.6 | 6,655 | 61.6 | 10,339 | 25.3 | 4,413 | 49.0 | |||||||
June 30, 2020 | |||||||||||||||||
Three-month period ended | 129,688 | 11.0 | 3,658 | 16.3 | 4,118 | 15.0 | 8,254 | 25.2 | 2,962 | 4.7 | |||||||
June 30, 2019 | |||||||||||||||||
Note: Comprehensive income: Three-month period ended June 30, 2020: 9,724 million yen (558.1%)
Three-month period ended June 30, 2019: 1,477 million yen (-44.9%)
- For detailed information, including definitions and methods used to calculate indicators, see p. 2, "1. Qualitative Information on Quarterly Consolidated Financial Performance: (1) Explanation of operating results."
Net income per share | Diluted net income per share | |
Yen | Yen | |
Three-month period ended June 30, 2020 | 88.09 | 86.73 |
Three-month period ended June 30, 2019 | 59.16 | 58.43 |
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |
Million yen | Million yen | % | Yen | |
As of June 30, 2020 | 306,308 | 98,202 | 31.4 | 1,927.74 |
As of March 31, 2020 | 286,247 | 90,268 | 30.8 | 1,759.32 |
Reference: Equity: As of June 30, 2020: 96,063 million yen | As of March 31, 2020: 88,246 million yen | ||||
2. Dividends | |||||
Dividends per share | |||||
End of 1Q | End of 2Q | End of 3Q | Year-end | Total | |
Yen | Yen | Yen | Yen | Yen | |
FY ended March 2020 | - | 20.00 | - | 20.00 | 40.00 |
FY ending March 2021 | - | ||||
FY ending March 2021 (planned) | 20.00 | - | 20.00 | 40.00 | |
Note: Revisions to the most recently announced dividend forecast: No
End of 2Q FY2020: Ordinary dividend 18.00 yen, 60th anniversary dividend 2.00 yen
3. Forecasts of consolidated financial results for the fiscal year ending March 2021 (April 1, 2020 - March 31, 2021)
Percentages indicate changes from the previous year for full-year forecasts and changes from the same quarter of the previous fiscal year for quarterly forecasts.)
Net sales | Operating income | Ordinary income | EBITDA | Net income attributable | Net income per | ||||||||
to shareholders of the | |||||||||||||
share | |||||||||||||
parent company | |||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |||
2Q (cumulative) | 244,000 | -9.5 | 14,000 | 19.3 | 38,000 | 191.5 | 22,000 | 6.8 | 33,000 | 256.7 | 662.22 | ||
Full-year | 507,000 | -3.2 | 27,000 | 19.6 | 51,000 | 110.6 | 44,000 | 10.5 | 41,000 | 157.7 | 822.76 |
Note: Revisions to the most recently announced consolidated earnings forecast: Yes
- Notes
- Significant changes in subsidiaries during this period
(changes in designated subsidiaries resulting in changes in the scope of consolidation): | No | |
Added: ___ company(ies) (name(s): ____________) | Removed: ___ company(ies) | (name(s): ____________) |
- Application of special accounting methods in the preparation of the quarterly consolidated financial statements: No
- Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
i. | Changes in accounting policies due to revisions in accounting standards and other regulations: | No | ||||||
ii. | Changes in accounting policies for reasons other than i.: | No | ||||||
iii. | Changes in accounting estimates: | No | ||||||
iv. | Restatement of prior period financial statements: | No | ||||||
(4) Number of shares issued and outstanding (common stock) | ||||||||
i. | Number of shares issued and outstanding at | As of | 51,289,616 | shares | As of | 51,289,616 | shares | |
the end of the period (including treasury stock) | ||||||||
June 30, 2020 | March 31, 2020 | |||||||
ii. | Number of shares of treasury stock at the end | As of | 1,457,527 | shares | As of | 1,129,909 | shares | |
of the period | ||||||||
June 30, 2020 | March 31, 2020 | |||||||
iii. | Average number of shares during the period | Three-month period | 50,105,841 | shares | Three-month period | 50,079,046 | shares | |
ended June 30, 2020 | ended June 30, 2019 |
Note: The number of shares of treasury stock above includes shares held in trust accounts (500,400 shares as of June 30, 2020 and 14,000 shares as of March 31, 2020) for the employee stock ownership plan (ESOP). Shares of the Company's own stock held in ESOP trust accounts are included in treasury stock subtracted from the calculation of the average number of shares during the period (84,064 shares for the three-month period ended June 30, 2020 and 306,867 shares for the three-month period ended June 30, 2019).
- Quarterly financial statements are not subject to audits by certified public accountants or auditing firms
-
Explanation concerning the appropriate use of forecasts of business performance and other notes
Note on forward-looking statements:
Forecasts of business performance and other forward-looking statements in this release are based on information currently available and certain assumptions the Company deems reasonable at the time of preparation. They do not constitute a guarantee of future results. Actual results may differ materially from those of any forward-looking statements for various reasons.
Nojima Corporation (7419) summary of consolidated financial results for the three-month period ended June 30, 2020 (Japanese accounting standards)
- Contents of attached documents
1. Qualitative Information on Quarterly Consolidated Financial Performance......................................................................... | 2 | |
(1) | Explanation of operating results...................................................................................................................................... | 2 |
(2) | Explanation of financial position .................................................................................................................................... | 4 |
(3) | Information on forward-looking statements forecasts of consolidated financial results ................................................. | 4 |
2. Quarterly Consolidated Financial Statements....................................................................................................................... | 5 | |
(1) | Consolidated balance sheet ............................................................................................................................................. | 5 |
(2) | Consolidated income statement and consolidated statement of comprehensive income ................................................. | 7 |
Consolidated income statement | ||
(For the three-month period) ............................................................................................................................................. | 7 | |
Consolidated statement of comprehensive income | ||
(For the three-month period) ............................................................................................................................................. | 8 | |
(3) | Notes on consolidated financial statements..................................................................................................................... | 9 |
(Notes on going concern assumption) ............................................................................................................................... | 9 | |
(Significant changes in shareholders' equity).................................................................................................................... | 9 | |
(Segment information, etc.) .............................................................................................................................................. | 9 | |
(Important subsequent events)........................................................................................................................................... | 10 |
1
Nojima Corporation (7419) summary of consolidated financial results for the three-month period ended June 30, 2020 (Japanese accounting standards)
1. Qualitative Information on Quarterly Consolidated Financial Performance
- Explanation of operating results
During the three-month period ended June 30, 2020, Japan's economy was affected by the global spread of the new coronavirus infection. Economic activity and personal consumption were stagnant, and the outlook for the economy is expected to remain uncertain.
In the home electronics market, sales of digital cameras and other products remained sluggish due to the governmental request to refrain from going out as a countermeasure against the new coronavirus infection. However, with an increase in teleworking, sales of related equipment and home appliances, such as air conditioners, were solid.
In the market for mobile phones and other mobile devices, the number of mobile phones of carrier brands sold decreased significantly because of a suppression of market competition and a longer purchase replacement cycle caused by the amendment to the Telecommunications Business Act that took effect on October 1, 2019, and the spread of the new coronavirus infection.
In the Internet business service market, where there is fierce competition for customers, the growth rate of subscribership to fixed and mobile high-speed broadband services remained stable due to the spread of teleworking and smart devices. Moreover, the Internet advertising market continued to expand, supported by Search Advertising and programmatic advertising, including video advertising.
In overseas markets, the economies of Singapore, Malaysia, and Indonesia are in an extremely severe state, with governmental lockdown measures restricting long-term social activities.
Under these circumstances, the Nojima Group focused on being the leader in the digital field and achieving the industry's highest customer satisfaction. To achieve these goals, we sought to establish sales floors where shoppers can easily find what they want, and provide customer services reflecting the perspectives of customers, while working to improve consulting-based sales and enhancing customer services to meet their needs.
As a result, sales of mobile phones and other mobile devices of the Group were affected by that consumers increasingly felt prices being overvalued when purchasing devices due to the Amendments to Telecommunications Business Act, sluggish replacement demand, and the closure of some stores due to the expansion of the new coronavirus infection. However, the Group as a whole worked to improve the efficiency of business processes and reviewed expenses. As a result, for the three-month period ended June 30, 2020, we recorded net sales of 106,330 million yen (82.0% of the figure for the three-month period ended June 30, 2019), operating income of 6,022 million yen (164.6% of the figure for the three-month period ended June 30, 2019), ordinary income of 6,655 million yen (161.6% of the figure for the three- month period ended June 30, 2019), and net income attributable to shareholders of the parent company of 4,413 million yen (149.0% of the figure for the three-month period ended June 30, 2019).
EBITDA(*), which the Group considers to be an important indicator of business performance, stood at 10,339 million yen (125.3% of the figure for the three-month period ended June 30, 2019).
(*) EBITDA = ordinary income + interest expenses + interest on bonds + depreciation + amortization of goodwill
In the future, despite the lifting of the emergency declaration, the number of new cases of coronavirus will continue to increase. Under these circumstances, our company will continue to thoroughly implement epidemic prevention measures at all stores, which include sales floors that place the highest priority on the safety and security of customers, while strengthening consulting sales to ensure continued customer satisfaction.
Business performance by segment is outlined below. (Operation of digital home electronics retail stores)
In response to the government's emergency declaration to prevent the spread of the new coronavirus infection, one- third of all stores were closed temporarily and operating hours of all stores were shortened; however, sales of high-end home appliances such as TVs and refrigerators, as well as PCs and related equipment, performed well due to an increase in teleworking.
As a result, net sales in this segment totaled 50,893 million yen (97.4% of the figure for the three-month period ended June 30, 2019), segment income was 4,668 million yen (188.2% of the figure for the three-month period ended June 30, 2019).
(Operation of mobile carrier stores)
With the revision of the Telecommunications Business Act, and the spread of the new coronavirus infection, the number of mobile phones declined significantly due to the suspended operation of some stores and shorter operating hours. However, collaborating with telecommunications carriers, we endeavored to transform into a high-quality career shop by enhancing recruitment, education, and training, with the aim of developing human resources with a view to the future.
As a result, net sales in this segment totaled 35,578 million yen (69.8% of the figure for the three-month period ended June 30, 2019), segment income was 1,178 million yen (137.1% of the figure for the three-month period ended June 30, 2019).
2
Nojima Corporation (7419) summary of consolidated financial results for the three-month period ended June 30, 2020 (Japanese accounting standards)
(Internet business)
Under fiercely competitive market conditions in the Internet service provider section, we concentrated on measures for effectively attracting new customers, including direct sales on websites and proactive sales activities at our group stores of @nifty Hikari and Docomo Hikari, a wholesale service of FLET'S Hikari provided by NTT East and NTT West.
As a result, net sales in this segment totaled 11,606 million yen (95.7% of the figure for the three-month period ended June 30, 2019), segment income was 1,036 million yen (150.1% of the figure for the three-month period ended June 30, 2019).
(Overseas business)
Under a severe environment with long-term restrictions on economic activity to prevent the spread of the new coronavirus infection in individual countries, we are focusing on recruiting and educating human resources in order to introduce Nojima-style consulting sales, which aim to increase the number of our company's customers who derive satisfaction from enriching their lives with good products and services. In Singapore, where sales were restricted at all stores, we focused on strengthening online sales.
As a result, net sales in this segment totaled 6,659 million yen (52.0% of the figure for the three-month period ended June 30, 2019), segment loss was 406 million yen (-% of the figure for the three-month period ended June 30, 2019).
(Stores in operation)
With seven new store openings and one store closure, including scrap-and-build, the number of digital home electronics retail stores stood at 187, or 212 including dedicated communications device stores.
In the operation of mobile carrier stores, following acquisition of one store and closure and sellout of six stores, including scrap-and-build, the number of stores, including both directly-operated carrier stores and franchises, stood at 614.
In the overseas business, with three store closures, the number of stores stood at 74.
In the light of these factors, the number of stores as of June 30, 2020 is as shown below. Stores in operation
Classification | Directly operated | Franchises | Total | ||||
Operation of digital home electronics retail stores | 212 | stores | - | 212 | stores | ||
Digital home electronics retail stores | 187 | stores | - | 187 | stores | ||
Dedicated communications device stores | 25 | stores | - | 25 | stores | ||
Operation of mobile carrier stores | 411 | stores | 203 | stores | 614 | stores | |
Carrier stores | 399 | stores | 197 | stores | 596 | stores | |
Others | 12 | stores | 6 | stores | 18 | stores | |
Overseas business | 74 | stores | - | 74 | stores | ||
Total | 697 | stores | 203 | stores | 900 | stores | |
3
Nojima Corporation (7419) summary of consolidated financial results for the three-month period ended June 30, 2020 (Japanese accounting standards)
(2) Explanation of financial position
Assets, liabilities and net assets
(Assets)
Total assets as of June 30, 2020 were 306,308 million yen, up 20,061 million yen from the end of the previous fiscal year.
This increase was due mainly to an increase of 17,094 million yen to 151,377 million yen in current assets and an increase of 2,966 million yen to 154,930 million yen in non-current assets.
The primary factors underlying the increase in current assets included an increase of 27,462 million yen in cash and deposits, despite a decrease of 11,363 million yen in accounts receivable-trade.
The main causes of the increase in non-current assets included an increase of 5,155 million yen in investment securities, despite decreases of 1,063 million yen and 719 million yen in contractual intangible assets and goodwill, respectively.
(Liabilities)
Total liabilities as of June 30, 2020 were 208,105 million yen, up 12,127 million yen from the end of the previous fiscal year.
This increase was due mainly to an increase of 10,916 million yen to 125,298 million yen in current liabilities and an increase of 1,210 million yen to 82,807 million yen in non-current liabilities.
The primary factors underlying the increase in current liabilities included an increase of 28,595 million yen in short-term loans payable, despite decreases of 10,000 million yen and 7,645 million yen in current portion of bonds and accounts payable-trade, respectively.
The main causes of the increase in non-current liabilities included an increase of 1,688 million yen in long-term loans payable, despite decreases of 261 million yen and 220 million yen in lease liabilities and deferred tax liabilities, respectively.
(Net assets)
Net assets as of June 30, 2020 totaled 98,202 million yen, up 7,934 million yen from the end of the previous fiscal year, due to factors including increases of 5,237 million yen and 3,410 million yen in valuation difference on available- for-sale securities and retained earnings, respectively.
These factors resulted in an equity ratio of 31.4%, up 0.5 points from the end of the previous fiscal year.
(3) Information on forward-looking statements forecasts of consolidated financial results
There is uncertainty over the consolidated financial forecasts for the fiscal year ending March 2021, because it is difficult to reasonably grasp the impacts on our Group of the expansion of the new coronavirus infection. In Japan, with the lifting of the government's emergency declaration, a movement toward resuming economic activities began to appear. All of our group stores resumed operations, and sales were strong-mainly for digital home appliances-during the first quarter under review.
In addition to the above, with the posting of negative goodwill associated with the application of the equity method by Suruga Bank Ltd. and the impacts of equity in net income (losses) in affiliates, we have calculated consolidated financial forecasts based on information available at this time.
For details, please refer to the "Forecasts of consolidated financial results for the fiscal year ending March 2021" announced today (July 31, 2020).
4
Nojima Corporation (7419) summary of consolidated financial results for the three-month period ended June 30, 2020 (Japanese accounting standards)
2. Quarterly Consolidated Financial Statements
- Consolidated balance sheet
(Million yen)
Previous fiscal year | First quarter of | |||
the current fiscal year | ||||
(as of March 31, 2020) | ||||
(as of June 30, 2020) | ||||
Assets | ||||
Current assets | ||||
Cash and deposits | 17,181 | 44,644 | ||
Accounts receivable-trade | 69,978 | 58,614 | ||
Merchandise and products | 40,923 | 40,924 | ||
Accounts receivable-other | 6,250 | 6,737 | ||
Other | 2,984 | 3,346 | ||
Allowance for doubtful accounts | -3,035 | -2,890 | ||
Total current assets | 134,283 | 151,377 | ||
Non-current assets | ||||
Tangible non-current assets | ||||
Buildings and structures (net) | 15,808 | 15,844 | ||
Tools, fixtures, and facilities (net) | 2,243 | 2,286 | ||
Lease assets (net) | 8,010 | 7,766 | ||
Land | 8,488 | 8,488 | ||
Other (net) | 822 | 626 | ||
Total tangible non-current assets | 35,372 | 35,012 | ||
Intangible assets | ||||
Goodwill | 24,758 | 24,039 | ||
Software | 1,563 | 1,473 | ||
Trademark rights | 937 | 820 | ||
Contractual intangible assets | 46,412 | 45,348 | ||
Customer-related intangible assets | 1,985 | 1,819 | ||
Other | 179 | 186 | ||
Total intangible assets | 75,836 | 73,687 | ||
Investments and other assets | ||||
Investment securities | 17,415 | 22,570 | ||
Deferred tax assets | 9,159 | 8,709 | ||
Lease and guarantee deposits | 12,004 | 12,879 | ||
Other | 2,262 | 2,163 | ||
Allowance for doubtful accounts | -86 | -91 | ||
Total investments and other assets | 40,755 | 46,231 | ||
Total non-current assets | 151,964 | 154,930 | ||
Total assets | 286,247 | 306,308 | ||
5
Nojima Corporation (7419) summary of consolidated financial results for the three-month period ended June 30, 2020 (Japanese accounting standards)
(Million yen)
Previous fiscal year | First quarter of | |||
the current fiscal year | ||||
(as of March 31, 2020) | ||||
(as of June 30, 2020) | ||||
Liabilities | ||||
Current liabilities | ||||
Accounts payable-trade | 50,244 | 42,599 | ||
Short-term loans payable | 7,226 | 35,822 | ||
Current portion of long-term loans payable | 7,031 | 7,953 | ||
Current portion of bonds | 10,010 | 10 | ||
Accounts payable-other | 7,433 | 6,656 | ||
Accrued income taxes | 4,921 | 1,492 | ||
Accrued consumption tax | 2,203 | 1,983 | ||
Accrued expenses | 3,414 | 3,689 | ||
Advances received | 3,067 | 6,326 | ||
Unearned revenue | 7,218 | 6,790 | ||
Deposits received | 2,283 | 3,585 | ||
Reserve for points | 5,075 | 4,607 | ||
Reserve for bonuses | 1,524 | 850 | ||
Reserve for promotion of admissions | 90 | 150 | ||
Lease liabilities | 2,140 | 2,205 | ||
Other | 495 | 571 | ||
Total current liabilities | 114,381 | 125,298 | ||
Non-current liabilities | ||||
Bonds | 5,005 | 5,005 | ||
Long-term loans payable | 38,014 | 39,702 | ||
Reserve for guarantees for merchandise sold | 3,794 | 3,825 | ||
Reserve for directors' retirement benefits | 210 | 200 | ||
Retirement benefit liabilities | 8,423 | 8,616 | ||
Deferred tax liabilities | 13,506 | 13,286 | ||
Lease liabilities | 6,437 | 6,176 | ||
Other | 6,204 | 5,994 | ||
Total non-current liabilities | 81,596 | 82,807 | ||
Total liabilities | 195,978 | 208,105 | ||
Net assets | ||||
Shareholders' equity | ||||
Capital stock | 6,330 | 6,330 | ||
Capital surplus | 6,046 | 6,002 | ||
Retained earnings | 83,795 | 87,205 | ||
Treasury stock | -2,358 | -3,217 | ||
Total shareholders' equity | 93,814 | 96,321 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale | -4,938 | 298 | ||
securities | ||||
Currency conversion adjustments | -535 | -468 | ||
Accumulated adjustment to retirement | -94 | -88 | ||
benefits | ||||
Total accumulated other comprehensive | -5,567 | -258 | ||
income | ||||
Stock acquisition rights | 2,008 | 2,124 | ||
Non-controlling interests | 12 | 14 | ||
Total net assets | 90,268 | 98,202 | ||
Total liabilities and net assets | 286,247 | 306,308 | ||
6
Nojima Corporation (7419) summary of consolidated financial results for the three-month period ended June 30, 2020 (Japanese accounting standards)
(2) Consolidated income statement and consolidated statement of comprehensive income
Consolidated income statement | ||
(For the three-month period) | ||
(Million yen) | ||
Three-month period of | Three-month period of | |
the previous fiscal year | the current fiscal year | |
(April 1, 2019 - June 30, 2019) | (April 1, 2020 - June 30, 2020) | |
Net sales | 129,688 | 106,330 |
Cost of sales | 95,141 | 73,422 |
Gross profit on sales | 34,546 | 32,907 |
Sales, general, and administrative expenses | 30,888 | 26,884 |
Operating income | 3,658 | 6,022 |
Non-operating income | ||
Interest income | 17 | 28 |
Dividend income | 80 | 283 |
Purchase discounts | 412 | 432 |
Other | 175 | 247 |
Total non-operating income | 686 | 991 |
Non-operating expenses | ||
Interest expenses | 152 | 169 |
Interest on bonds | 27 | 17 |
Donations | 4 | 82 |
Other | 42 | 89 |
Total non-operating expenses | 226 | 359 |
Ordinary income | 4,118 | 6,655 |
Extraordinary income | ||
Gain on negative goodwill | 28 | - |
Gain on reversal of share acquisition rights | 1 | 4 |
Gain on sales of non-current assets | 140 | 13 |
Total extraordinary income | 171 | 17 |
Extraordinary losses | ||
Impairment loss | - | 10 |
Total extraordinary losses | - | 10 |
Net income before taxes and other adjustments | 4,289 | 6,662 |
Income taxes-current | 1,099 | 2,066 |
Income taxes-deferred | 225 | 180 |
Total income taxes | 1,325 | 2,246 |
Net income | 2,964 | 4,415 |
Net income attributable to shareholders of | 1 | 1 |
the non-controlling interests | ||
Net income attributable to shareholders of | 2,962 | 4,413 |
the parent company | ||
7
Nojima Corporation (7419) summary of consolidated financial results for the three-month period ended June 30, 2020 (Japanese accounting standards)
Consolidated statement of comprehensive income (For the three-month period)
(Million yen) | |||
Three-month period of | Three-month period of | ||
the previous fiscal year | the current fiscal year | ||
(April 1, 2019 - June 30, 2019) | (April 1, 2020 - June 30, 2020) | ||
Net income | 2,964 | 4,415 | |
Other comprehensive income | |||
Valuation difference on available-for-sale | -1,091 | 5,237 | |
securities | |||
Currency conversion adjustments
Adjustments for retirement benefit obligations
Total other comprehensive income
Comprehensive income
(Breakdown)
Comprehensive income attributable to shareholders of the parent company Comprehensive income attributable to non-controlling interests
-407 | 66 |
12 | 5 |
-1,486 | 5,309 |
1,477 | 9,724 |
1,476 | 9,723 |
1 | 1 |
8
Nojima Corporation (7419) summary of consolidated financial results for the three-month period ended June 30, 2020 (Japanese accounting standards)
(3) Notes on consolidated financial statements
(Notes on going concern assumption) Not applicable
(Significant changes in shareholders' equity)
At the Board of Directors meeting held on May 12, 2020, the Company resolved to distribute dividends of 1,003 million yen from retained earnings.
As a result, retained earnings as of June 30, 2020 were 87,205 million yen.
(Segment information, etc.) [Segment information]
- Three-monthperiod of the previous fiscal year (April 1, 2019 - June 30, 2019)
1. Net sales and income (loss) by reporting segment
(Million yen) | |||||||||
Reporting segment | Amount on | ||||||||
Adjustments | quarterly | ||||||||
Operation of | |||||||||
Operation of | Other (*1) | Total | consolidated | ||||||
digital home | Internet | Overseas | (*2) | ||||||
mobile carrier | Subtotal | income statement | |||||||
electronics | stores | business | business | (*3) | |||||
retail stores | |||||||||
Net sales | |||||||||
Net sales to external | 51,991 | 50,910 | 12,066 | 12,804 | 127,772 | 1,916 | 129,688 | - | 129,688 |
customers | |||||||||
Internal sales or transfers | 261 | 30 | 66 | - | 358 | 147 | 505 | -505 | - |
between segments | |||||||||
Subtotal | 52,252 | 50,940 | 12,132 | 12,804 | 128,130 | 2,063 | 130,193 | -505 | 129,688 |
Segment income (loss) | 2,480 | 859 | 690 | -35 | 3,995 | 169 | 4,164 | -46 | 4,118 |
Notes:
*1. The "Other" business segment consists of businesses not included in the reporting segments above. These include the shopping mall business, the sports business, the training business, the mega-solar business, the animal medical business, and the software development business.
*2. Adjustments to segment income (loss) consist of companywide costs not distributed among reporting segments.
*3. Segment income (loss) is adjusted with ordinary income on the quarterly consolidated income statement.
- Three-monthperiod of the current fiscal year (April 1, 2020 - June 30, 2020)
1. Net sales and income (loss) by reporting segment
(Million yen) | |||||||||
Reporting segment | Amount on | ||||||||
Adjustments | quarterly | ||||||||
Operation of | |||||||||
Operation of | Other (*1) | Total | consolidated | ||||||
digital home | Internet | Overseas | (*2) | ||||||
mobile carrier | Subtotal | income statement | |||||||
electronics | stores | business | business | (*3) | |||||
retail stores | |||||||||
Net sales | |||||||||
Net sales to external | 50,616 | 35,531 | 11,529 | 6,659 | 104,337 | 1,992 | 106,330 | - | 106,330 |
customers | |||||||||
Internal sales or transfers | 277 | 47 | 76 | - | 401 | 131 | 532 | -532 | - |
between segments | |||||||||
Subtotal | 50,893 | 35,578 | 11,606 | 6,659 | 104,738 | 2,123 | 106,862 | -532 | 106,330 |
Segment income (loss) | 4,668 | 1,178 | 1,036 | -406 | 6,477 | 230 | 6,708 | -53 | 6,655 |
Notes:
*1. The "Other" business segment consists of businesses not included in the reporting segments above. These include the shopping mall business, the sports business, the training business, the mega-solar business, the animal medical business, and the software development business.
*2. Adjustments to segment income (loss) consist of companywide costs not distributed among reporting segments.
*3. Segment income (loss) is adjusted with ordinary income on the quarterly consolidated income statement.
2. Information on impairment losses on non-current assets or goodwill for each reportable segment (Significant impairment losses on non-current assets)
The carrying amount of a group of assets that have recorded a continued loss from business activities is reduced to the recoverable amount and the reduced amount is recorded as an impairment loss under extraordinary loss.
The amount recorded in the reporting segment was 8 million yen for the operation of digital home electronics retail stores, and 2 million yen for the operation of mobile carrier stores.
(Significant change in amount of goodwill) Not applicable
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Nojima Corporation (7419) summary of consolidated financial results for the three-month period ended June 30, 2020 (Japanese accounting standards)
(Important subsequent events)
(Stock options)
At the Board of Directors meeting held on July 21, 2020, the Company resolved detailed terms for the issuance of
stock options following the approval of the proposal on the "Issuance of Stock Acquisition Rights as Stock Options Free of Charge" at the 58th Ordinary General Meeting of Shareholders and issued them on July 31, 2020.
1. Reason for issuing stock acquisition rights as stock options
The objective of adopting a program of stock options is to increase corporate value by strengthening moral and motivation in order to improve Group business performance. To achieve this objective, stock options are issued gratis.
2. Overview of issuance of stock acquisition rights
Date of issuing stock acquisition rights | July 31, 2020 | |||
Director of the Company: | 12 | |||
Classification and number of people to be granted | Executive Officer of the Company: | 3 | ||
Employees of the Company: | 1,197 | |||
Directors and employees of our subsidiaries: | 600 | |||
Number of stock acquisition rights | 15,850 | |||
Type, content, and number of shares subject to | Common stock | |||
stock acquisition rights | Number of shares constituting one unit: 100 | |||
Amount to be paid for exercising stock acquisition rights | 263,800 yen | |||
(2,638 yen per share) | ||||
Period of exercise of stock acquisition rights | From July 22, 2023 to July 21, 2025 | |||
Price of issued shares and amount of capital incorporation | 1. Issuance price: | 2,638 yen | ||
in the case of issuing shares upon exercise of | stock | |||
2. Amount of capital incorporation: 1,319.00 yen | ||||
acquisition rights | ||||
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Nojima Corporation published this content on 11 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2020 06:03:24 UTC