Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event o f any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Non-consolidated Financial Results
for the Year Ended March 31, 2021
[Japanese GAAP]
May 13, 2021 | |||||||||||||||||
Company name: QD Laser, Inc. | |||||||||||||||||
Stock exchange listing: | Tokyo | ||||||||||||||||
Code number: 6613 | |||||||||||||||||
URL: https://www.qdlaser.com/ | |||||||||||||||||
Representative: Mitsuru Sugawara | President and Chief Executive Officer | ||||||||||||||||
Contact: Shinji Konoya | Chief Financial Officer | ||||||||||||||||
Phone: 044-333-3338 | |||||||||||||||||
Scheduled date of Annual General Meeting of Shareholders: June 25, 2021 | |||||||||||||||||
Scheduled date of commencing dividend payments: ― | |||||||||||||||||
Scheduled date of filing annual securities report: | June 25, 2021 | ||||||||||||||||
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. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2020 (April 01, 2020 to March 31, 2021) | |||||||||||||||||
(1) Non-consolidated Operating Results | (% indicates changes from the previous corresponding period.) | ||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit | ||||||||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||||||
March 31, 2021 | 895 | 18.4 | (654) | ― | (707) | ― | (879) | ― | |||||||||
March 31, 2020 | 756 | (21.3) | (1,207) | ― | (1,225) | ― | (1,240) | ― | |||||||||
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 | % | % | % | ||||||||||||
March 31, 2021 | (32.94) | ― | (31.8) | (18.6) | (73.1) | ||||||||||||
March 31, 2020 | (72.24) | ― | (64.2) | (41.4) | (159.6) |
(Reference) Equity in earnings (losses) of affiliated companies: Fiscal year ended March 31, 2021: Fiscal year ended March 31, 2020:
- ― million
- ― million
(2) Non-consolidated Financial Position
Total assets | Net assets | Capital adequacy ratio | Net assets per share | ||
As of | Million yen | Million yen | % | Yen | |
March 31, 2021 | 4,675 | 3,808 | 81.5 | 110.13 | |
March 31, 2020 | 2,919 | 1,729 | 59.2 | 68.82 | |
(Reference) Equity: As of | March 31, 2021: | ¥ | 3,808 | million | |
As of | March 31, 2020: | ¥ | 1,729 | million | |
(3) Non-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 | |
March 31, 2021 | (822) | (44) | 2,643 | 3,224 | |
March 31, 2020 | (1,208) | (204) | 1,161 | 1,464 |
1
2. Dividends
Annual dividends | Total | Payout | Dividends | |||||||
to net | ||||||||||
1st | 2nd | 3rd | dividends | ratio | ||||||
Year-end | Total | assets | ||||||||
quarter-end | quarter-end | quarter-end | ||||||||
Fiscal year ended | Yen | Yen | Yen | Yen | Yen | Million yen | % | % | ||
March 31, 2020 | ― | 0.00 | ― | 0.00 | 0.00 | ― | ― | ― | ||
March 31, 2021 | ― | 0.00 | ― | 0.00 | 0.00 | ― | ― | ― | ||
Fiscal year ending | ||||||||||
March 31, 2022 | ― | 0.00 | ― | 0.00 | 0.00 | ―- | ||||
(Forecast) | ||||||||||
3. Non-consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 01, 2021 to March 31, 2022)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Net profit | Basic earnings per | |||||||
share | |||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |||
Full year | 1,260 | 40.8 | (533) | ― | (505) | ― | (508) | ― | (14.71) | ||
* Notes: | |||||||||||
(1) Changes in accounting policies, changes in accounting estimates and retrospective restatement | |||||||||||
1) Changes in accounting policies due to the revision of accounting standards: | No | ||||||||||
2) Changes in accounting policies other than 1) above: No | |||||||||||
3) 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):
March 31, 2021: | 34,584,180 | shares |
March 31, 2020: | 25,132,380 | shares |
2) Total number of treasury shares at the end of the period: | ||
March 31, 2021: | 80 | shares |
March 31, 2020: | ― shares |
3) Average number of shares during the period: | ||
Fiscal Year ended March 31, 2021: | 26,707,673 | shares |
Fiscal Year ended March 31, 2020: | 25,132,380 | shares |
2
Non-consolidated Financial Statements
Non-consolidated Balance Sheets
(Thousand yen) | ||||
As of March 31,2020 | As of March 31,2021 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 1,464,175 | 3,224,311 | ||
Accounts receivable - trade | 197,615 | 225,970 | ||
Merchandise and finished goods | 280,129 | 261,265 | ||
Work in process | 84,110 | 161,047 | ||
Raw materials and supplies | 237,568 | 382,802 | ||
Accounts receivable - other | 133,029 | 82,688 | ||
Prepaid expenses | 7,296 | 11,627 | ||
Other | 200 | 97 | ||
Total current assets | 2,404,125 | 4,349,812 | ||
Non-current assets | ||||
Property, plant and equipment | ||||
Facilities attached to buildings, net | 215,759 | 192,569 | ||
Machinery and equipment, net | 125,400 | 60,076 | ||
Tools, furniture and fixtures, net | 120,354 | 5,433 | ||
Leased assets, net | 6,274 | 4,221 | ||
Construction in progress | - | 26,400 | ||
Total property, plant and equipment | 467,790 | 288,701 | ||
Intangible assets | ||||
Software | 14,712 | 5,268 | ||
Leased assets | 4,282 | 2,964 | ||
Trademark right | 2,979 | 2,573 | ||
Total intangible assets | 21,975 | 10,806 | ||
Investments and other assets | ||||
Shares of subsidiaries and associates | 3,372 | 3,372 | ||
Guarantee deposits | 22,061 | 22,415 | ||
Other | 40 | 40 | ||
Total investments and other assets | 25,473 | 25,827 | ||
Total non-current assets | 515,238 | 325,335 | ||
Total assets | 2,919,364 | 4,675,147 |
3
(Thousand yen) | ||||
As of March 31,2020 | As of March 31,2021 | |||
Liabilities | ||||
Current liabilities | ||||
Accounts payable - trade | 195,038 | 218,308 | ||
Short-term borrowings | 100,000 | - | ||
Current portion of long-term borrowings | 174,644 | 257,964 | ||
Lease obligations | 3,625 | 3,744 | ||
Accounts payable - other | 205,123 | 133,381 | ||
Accrued expenses | 5,288 | 4,898 | ||
Income taxes payable | 3,110 | 4,415 | ||
Provision for bonuses | 58,988 | 51,238 | ||
Deposits received | 4,084 | 3,245 | ||
Other | 832 | 13,559 | ||
Total current liabilities | 750,735 | 690,754 | ||
Non-current liabilities | ||||
Long-term borrowings | 365,356 | 107,392 | ||
Lease obligations | 8,100 | 4,355 | ||
Asset retirement obligations | 59,620 | 59,338 | ||
Deferred tax liabilities | 5,852 | 4,675 | ||
Total non-current liabilities | 438,929 | 175,762 | ||
Total liabilities | 1,189,664 | 866,517 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 763,310 | 2,242,753 | ||
Capital surplus | ||||
Legal capital surplus | 3,247,082 | 4,726,525 | ||
Total capital surplus | 3,247,082 | 4,726,525 | ||
Retained earnings | ||||
Other retained earnings | ||||
Retained earnings brought forward | (2,280,692) | (3,160,522) | ||
Total retained earnings | (2,280,692) | (3,160,522) | ||
Treasury shares | - | (126) | ||
Total shareholders' equity | 1,729,699 | 3,808,629 | ||
Total net assets | 1,729,699 | 3,808,629 | ||
Total liabilities and net assets | 2,919,364 | 4,675,147 |
4
Non-consolidated Statements of Income
(Thousand yen) | ||
For the fiscal year | For the fiscal year | |
ended March 31,2020 | ended March 31,2021 | |
Net sales | 756,633 | 895,620 |
Cost of sales | ||
Beginning finished goods inventory | 223,477 | 280,129 |
Cost of products manufactured | 608,437 | 575,873 |
Total | 831,914 | 856,002 |
Ending finished goods inventory | 280,129 | 261,265 |
Total cost of sales | 551,786 | 594,736 |
Gross profit | 204,847 | 300,883 |
Selling, general and administrative expenses | 1,412,087 | 955,708 |
Operating loss | (1,207,239) | (654,825) |
Non-operating income | ||
Interest income | 935 | 253 |
Subsidy income | 8,903 | 10,494 |
Other | 1,060 | 468 |
Total non-operating income | 10,899 | 11,217 |
Non-operating expenses | ||
Interest expenses | 3,416 | 5,254 |
Share issuance costs | 4,356 | - |
Going public expenses | 6,986 | 32,405 |
Foreign exchange losses | 9,018 | 14,893 |
Other | 5,621 | 11,606 |
Total non-operating expenses | 29,399 | 64,161 |
Ordinary loss | (1,225,739) | (707,769) |
Extraordinary losses | ||
Impairment losses | 11,130 | 168,817 |
Total extraordinary losses | 11,130 | 168,817 |
Loss before income taxes | (1,236,869) | (876,587) |
Income taxes - current | 3,892 | 4,419 |
Income taxes - deferred | (594) | (1,177) |
Total income taxes | 3,297 | 3,242 |
Loss | (1,240,167) | (879,829) |
5
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QD Laser Inc. published this content on 19 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 May 2021 06:03:01 UTC.