Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Consolidated Financial Results
for the Year Ended October 31, 2022
[Japanese GAAP]
Company name: OHARA INC. | December 15, 2022 |
Stock exchange listing: Tokyo | |
Code number: 5218 | |
URL: https://www.ohara-inc.co.jp | |
Representative: Hirokazu Saito | President Chief Executive Officer |
Contact: Takashi Nakajima | Director Senior Managing Executive Officer |
Phone: 042-772-2101 |
Scheduled date of Annual General Meeting of Shareholders: January 26, 2023
Scheduled date of commencing dividend payments: January 27, 2023
Scheduled date of filing annual securities report: January 26, 2023
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual financial results briefing session: Yes
(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Fiscal Year Ended October 31, 2022 (November 01, 2021 to October 31, 2022)
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | ||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||
owners of parent | |||||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||
October 31, 2022 | 28,304 | 20.3 | 2,976 | 117.6 | 3,665 | 111.5 | 2,116 | 44.9 | |||
October 31, 2021 | 23,521 | 31.6 | 1,368 | - | 1,733 | - | 1,460 | - |
(Note) Comprehensive income: | Fiscal year ended October 31, 2022: |
Fiscal year ended October 31, 2021: |
¥ | 5,540 million | [ | 33.2%] |
¥ | 4,159 million | [ | -%] |
Basic earnings per | Diluted earnings per | Rate of return on | Ordinary profit to | Operating profit to | |
share | share | equity | total assets ratio | net sales ratio | |
Fiscal year ended | Yen | Yen | % | % | % |
October 31, 2022 | 86.90 | - | 5.0 | 6.4 | 10.5 |
October 31, 2021 | 59.99 | - | 3.8 | 3.4 | 5.8 |
(Reference) Equity in earnings (losses) of affiliated companies: Fiscal year ended October 31, 2022: Fiscal year ended October 31, 2021:
(2) Consolidated Financial Position
- 79 million
- 56 million
Total assets | Net assets | Capital adequacy ratio | Net assets per share | ||
As of | Million yen | Million yen | % | Yen | |
October 31, 2022 | 60,678 | 45,262 | 74.2 | 1,848.95 | |
October 31, 2021 | 53,606 | 40,111 | 74.6 | 1,641.75 | |
(Reference) Equity: As of | October 31, 2022: | ¥ | 45,024 million | ||
As of | October 31, 2021: | ¥ | 39,979 million | ||
(3) Consolidated Cash Flows | |||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash | ||
equivalents at the end | |||||
operating activities | investing activities | financing activities | |||
of period | |||||
Fiscal year ended | Million yen | Million yen | Million yen | Million yen | |
October 31, 2022 | 2,303 | (1,993) | (760) | 14,134 | |
October 31, 2021 | 1,938 | (780) | (1,409) | 12,967 |
2. Dividends
Annual dividends | Payout | Dividends | ||||||||
Total | to net | |||||||||
ratio | ||||||||||
1st | 2nd | 3rd | Year-end | Total | dividends | assets | ||||
(consolidated) | ||||||||||
quarter-end | quarter-end | quarter-end | (consolidated) | |||||||
Fiscal year ended | Yen | Yen | Yen | Yen | Yen | Million yen | % | % | ||
October 31, 2021 | - | 0.00 | - | 15.00 | 15.00 | 366 | 25.0 | 1.0 | ||
October 31, 2022 | - | 0.00 | - | 20.00 | 20.00 | 489 | 23.0 | 1.1 | ||
Fiscal year ending | ||||||||||
October 31, 2023 | - | 0.00 | - | 20.00 | 20.00 | 22.1 | ||||
(Forecast) |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending October 31, 2023 (November 01, 2022 to October 31, 2023)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable | Basic earnings per | ||||||
to owners of parent | share | |||||||||
Six months ended April 30, | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
14,300 | 5.2 | 1,200 | (8.1) | 1,300 | (18.9) | 1,000 | 1.6 | 41.07 | ||
2023 | ||||||||||
Full year | 29,500 | 4.2 | 2,700 | (9.3) | 2,900 | (20.9) | 2,200 | 4.0 | 90.34 |
* Notes:
- Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in scope of consolidation): No
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: Yes
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
October 31, 2022: | 25,450,000 | shares |
October 31, 2021: | 25,450,000 | shares |
2) Total number of treasury shares at the end of the period: | ||
October 31, 2022: | 1,098,607 | shares |
October 31, 2021: | 1,098,578 | shares |
3) Average number of shares during the period: | ||
Fiscal Year ended October 31, 2022: | 24,351,394 | shares |
Fiscal Year ended October 31, 2021: | 24,346,518 | shares |
(Reference) Summary of Non-consolidated Financial Results | ||||||||||||
1. Non-consolidated Financial Results for the Fiscal Year Ended October 31, 2022 (November 01, 2021 to October 31, 2022) | ||||||||||||
(1) Non-consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||||
Net sales | Operating profit | Ordinary profit | Net income | |||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||
October 31, 2022 | 14,452 | - | (785) | - | 490 | - | 363 | - | ||||
October 31, 2021 | 12,734 | 38.3 | (970) | - | 953 | - | 1,437 | - | ||||
Basic earnings per share | Diluted earnings per share | |||||||||||
Fiscal year ended | Yen | Yen | ||||||||||
October 31, 2022 | 14.93 | - | ||||||||||
October 31, 2021 | 59.03 | - | ||||||||||
(2) Non-consolidated Financial Position | ||||||||||||
Total assets | Net assets | Capital adequacy ratio | Net assets per share | |||||||||
As of | Million yen | Million yen | % | Yen | ||||||||
October 31, 2022 | 35,687 | 25,721 | 72.1 | 1,056.28 | ||||||||
October 31, 2021 | 34,347 | 25,642 | 74.7 | 1,053.02 | ||||||||
(Reference) Equity: As of | October 31, 2022: | ¥ | 25,721 million | |||||||||
As of | October 31, 2021: | ¥ | 25,642 million |
Consolidated Financial Statements
Consolidated Balance Sheets
(Thousand yen) | ||
As of October 31,2021 | As of October 31,2022 | |
Assets | ||
Current assets | ||
Cash and deposits | 12,967,322 | 14,459,354 |
Notes and accounts receivable - trade | 6,410,145 | 7,023,184 |
Electronically recorded monetary claims - | 2,028,226 | 1,839,781 |
operating | ||
Merchandise and finished goods | 2,408,429 | 2,965,614 |
Work in process | 4,941,175 | 5,920,000 |
Raw materials and supplies | 2,461,886 | 3,731,274 |
Other | 248,762 | 718,274 |
Allowance for doubtful accounts | (54,745) | (22,121) |
Total current assets | 31,411,202 | 36,635,363 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 13,848,845 | 14,917,008 |
Accumulated depreciation | (9,610,319) | (10,469,129) |
Buildings and structures, net | 4,238,526 | 4,447,878 |
Machinery, equipment and vehicles | 17,373,760 | 18,017,152 |
Accumulated depreciation | (15,505,486) | (15,761,450) |
Machinery, equipment and vehicles, net | 1,868,273 | 2,255,701 |
Tools, furniture and fixtures | 11,834,304 | 12,267,236 |
Accumulated depreciation | (3,126,607) | (3,333,072) |
Tools, furniture and fixtures, net | 8,707,697 | 8,934,164 |
Land | 321,896 | 342,904 |
Right of use assets | 296,007 | 439,320 |
Accumulated depreciation | (99,834) | (155,122) |
Right of use assets, net | 196,172 | 284,198 |
Construction in progress | 547,138 | 303,305 |
Total property, plant and equipment | 15,879,705 | 16,568,153 |
Intangible assets | 380,174 | 351,221 |
Investments and other assets | ||
Investment securities | 5,347,424 | 6,543,057 |
Long-term loans receivable | 87,000 | - |
Retirement benefit asset | 226,710 | 254,004 |
Deferred tax assets | 207,449 | 244,514 |
Other | 66,393 | 82,157 |
Total investments and other assets | 5,934,978 | 7,123,734 |
Total non-current assets | 22,194,857 | 24,043,109 |
Total assets | 53,606,059 | 60,678,472 |
1
(Thousand yen) | ||
As of October 31,2021 | As of October 31,2022 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 1,527,307 | 1,935,291 |
Electronically recorded obligations - operating | 459,433 | 625,484 |
Short-term borrowings | 3,052,757 | 3,192,520 |
Lease liabilities | 724,243 | 345,065 |
Income taxes payable | 349,030 | 594,845 |
Contract liabilities | - | 32,026 |
Provision for bonuses | 739,389 | 950,252 |
Provision for bonuses for directors (and other | 88,352 | 147,878 |
officers) | ||
Asset retirement obligations | 869 | - |
Accounts payable - other | 984,454 | 1,144,965 |
Other | 459,192 | 526,468 |
Total current liabilities | 8,385,030 | 9,494,800 |
Non-current liabilities | ||
Long-term borrowings | 1,778,538 | 1,546,862 |
Lease liabilities | 517,821 | 879,093 |
Deferred tax liabilities | 1,090,943 | 1,463,052 |
Retirement benefit liability | 1,418,660 | 1,709,700 |
Provision for share awards for directors (and other | 77,796 | 99,393 |
officers) | ||
Asset retirement obligations | 87,922 | 85,850 |
Other | 137,630 | 137,630 |
Total non-current liabilities | 5,109,312 | 5,921,582 |
Total liabilities | 13,494,343 | 15,416,382 |
Net assets | ||
Shareholders' equity | ||
Share capital | 5,855,000 | 5,855,000 |
Capital surplus | 7,959,708 | 7,962,140 |
Retained earnings | 24,814,081 | 26,563,833 |
Treasury shares | (1,490,100) | (1,492,577) |
Total shareholders' equity | 37,138,688 | 38,888,396 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale | 1,667,640 | 1,988,971 |
securities | ||
Foreign currency translation adjustment | 1,820,613 | 5,156,468 |
Remeasurements of defined benefit plans | (647,874) | (1,009,356) |
Total accumulated other comprehensive income | 2,840,379 | 6,136,083 |
Non-controlling interests | 132,648 | 237,610 |
Total net assets | 40,111,716 | 45,262,090 |
Total liabilities and net assets | 53,606,059 | 60,678,472 |
2
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OHARA Inc. published this content on 15 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2022 11:57:12 UTC.