August 31, 2023
Consolidated Financial Review
for the Second Quarter Ended July 31, 2023 [Japanese standards](Consolidated)
Company name: | RYOYO ELECTRO CORPORATION | |
Headquarters address: | 12-22 Tsukiji 1-chome,Chuo-ku, Tokyo 104-8408 Japan | |
URL: | https://www.ryoyo.co.jp | |
Stock exchange listing: | Tokyo Stock Exchange Prime Section | |
Code number: | 8068 | |
Company representative: | Moritaka Nakamura, President & Chief Executive Officer | |
Inquiries: | Masayuki Takahashi, Executive General Manager,Administration Headquaters | |
Tel: +81-3-3543-7711 | E-mail: irmanager@ryoyo.co.jp |
Due | date | of | submitting of quarterly financial statement | : September 12, 2023 |
Due | date | of | starting delivery of dividends | : October 2, 2023 |
Supplementary materials | for | the quarterly financial results | : Yes | |
Investor | conference for | the | quarterly financial results | : Yes |
Note: Figures are rounded down to the nearest million yen.
1.Financial highlights for the second quarter ended July 31, 2023(2/1/2023-7/31/2023)
(1)Consolidated operating results
Note: Percentages indicated changes from the same period of previous year.
Net sales | Operating profit | Ordinary profit | ||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | |||
Six months ended 7/31/23 | 65,060 | 7.0 | 2,314 | (7.9) | 6,494 | 162.0 | ||
Six months ended 7/31/22 | 60,809 | 16.4 | 2,513 | 164.7 | 2,478 | 120.2 | ||
Note: Comprehensive income | ||||||||
Six months ended 7/31/23: | 8,087 | million yen | (163.8%) | |||||
Six months ended 7/31/22: | 3,065 | million yen | (161.0%) |
Profit attributable to | Net income per share | Fully diluted | |||||
owners of parent | net income per share | ||||||
Millions of yen | % | Yen | Yen | ||||
Six months ended 7/31/23 | 5,751 | 223.0 | 284.75 | 284.33 | |||
Six months ended 7/31/22 | 1,780 | 114.5 | 88.31 | 88.17 | |||
(2)Consolidated financial position | |||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||
Millions of yen | Millions of yen | % | Yen | ||||
As of 7/31/23 | 101,005 | 51,649 | 51.1 | 2,554.07 | |||
As of 1/31/23 | 88,409 | 44,725 | 50.6 | 2,213.66 | |||
(Reference) Equity | |||||||
As of | 7/31/23: | 51,620 million yen | |||||
As of | 1/31/23: | 44,697 million yen |
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2.Dividends
Three | Six | Nine | Year | |
months | months | months | ||
ended | ||||
ended | ended | ended | ||
(Base date) | Yen | Yen | Yen | Yen |
Year ended 1/31/23 | - | 50.00 | - | 60.00 |
Year ending 1/31/24 | - | 80.00 | - | - |
Year ending 1/31/24 (Estimate) | - | - | - | 80.00 |
Note: Revision to dividend forecast for this period: None
3.Financial forecast for the year ending January 31,2024(2/1/2023-1/31/2024) Note: Percentages indicated changes from the same period of previous year.
Total
Yen 110.00 - 160.00
Operating | Profit | Net income per | |||||||
Net sales | Ordinary profit | attributable to | |||||||
profit | share | ||||||||
owners of parent | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
Year ending | 128,000 | (1.5) | 4,300 | (8.4) | 8,900 | 98.8 | 7,500 | 145.4 | 371.31 |
1/31/24 | |||||||||
Note: Revisions to financial forecast for this period: None |
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4.Others
(1)Important changes in subsidiaries
(Change on specific subsidiaries with changes in scope of consolidation): None
Newly added: - Excluded: -
(2)Use of simplified accounting method and special accounting policy for the quarterly consolidated
financial reporting: None
(3)Changes in principles, procedures and method of presentation for the quarterly consolidated
financial statements | ||||
① | Changes in accounting policies: None | |||
② | Other changes: None | |||
③ | Changes in accounting estimate: None | |||
④ | Restatement of revisions: None | |||
(4)Number of shares outstanding (common shares) | ||||
① | Number of shares of common shares issued as of: | |||
(Including treasury shares) | ||||
July | 31,2023: | 26,800,000 | shares | |
January 31,2023: | 26,800,000 | shares | ||
② | Number of shares of treasury shares: | |||
July | 31,2023: | 6,588,877 shares | ||
January 31,2023: | 6,608,536 shares | |||
③ | Average number of shares outstanding as of: | |||
July | 31,2023: | 20,198,812 | shares | |
July | 31,2022: | 20,164,242 | shares |
Indication regarding the implementation status of the quarterly review procedure
This Financial Review is not subject to audit procedure under the Financial Instruments and Exchange Act.
Caution on forecast for the year ending January 31,2024
Forecasts regarding future performance in these materials are based on information available to management at the time this report was prepared. Actual results may differ significantly from these statements for a number of reasons.
※ This financial review is only the translation of Japanese version.
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Consolidated Balance Sheets
(Millions of yen) | |||
As of | As of | ||
January 31, 2023 | July 31, 2023 | ||
Amount | Amount | ||
( Assets) | |||
Current Assets | |||
Cash and deposits | 19,031 | 12,865 | |
Notes and accounts receivable - trade, and contract assets | 30,966 | 31,738 | |
Electronically recorded monetary claims | - operating | 3,886 | 2,786 |
Merchandise and finished goods | 23,623 | 19,902 | |
Work in process | 174 | 316 | |
Other | 1,502 | 1,036 | |
Allowance for doubtful accounts | (1) | (1) | |
Total current assets | 79,183 | 68,645 | |
Non-current assets | |||
Property, plant and equipment | 226 | 204 | |
Intangible assets | |||
Goodwill | 471 | 439 | |
Other | 361 | 462 | |
Total intangible assets | 832 | 901 | |
Investments and other assets | |||
Investment securities | 5,308 | 6,939 | |
Shares of subsidiaries and associates | 97 | 21,485 | |
Deferred tax assets | 110 | 76 | |
Retirement benefit asset | 1,589 | 1,633 | |
Other | 1,642 | 1,822 | |
Allowance for doubtful accounts | (582) | (705) | |
Total investments and other assets | 8,166 | 31,252 | |
Total non-current assets | 9,225 | 32,359 | |
Total assets | 88,409 | 101,005 |
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Consolidated Balance Sheets
(Millions of yen) | ||
As of | As of | |
January 31, 2023 | July 31, 2023 | |
Amount | Amount | |
(Liabilities) | ||
Current liabilities | ||
Notes and accounts payable - trade | 13,366 | 14,187 |
Short-term borrowings | 25,817 | 30,728 |
Income taxes payable | 1,423 | 606 |
Accrued consumption taxes | 143 | 511 |
Provision for bonuses | 857 | 362 |
Other | 1,048 | 1,256 |
Total current liabilities | 42,657 | 47,653 |
Non-current liabilities | ||
Deferred tax liabilities | 603 | 1,307 |
Retirement benefit liability | 316 | 309 |
Other | 106 | 86 |
Total non-current liabilities | 1,026 | 1,702 |
Total liabilities | 43,683 | 49,355 |
(Net assets) | ||
Shareholders' equity | ||
Capital stock | 13,672 | 13,672 |
Capital surplus | 13,336 | 13,336 |
Retained earnings | 32,000 | 36,538 |
Treasury shares | (17,068) | (17,018) |
Total shareholders' equity | 41,940 | 46,528 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 1,805 | 3,007 |
Deferred gains or losses on hedges | 0 | 0 |
Foreign currency translation adjustment | 1,124 | 2,253 |
Remeasurements of defined benefit plans | (173) | (169) |
Total accumulated other comprehensive income | 2,756 | 5,092 |
Share acquisition rights | 28 | 28 |
Total net assets | 44,725 | 51,649 |
Total liabilities and net assets | 88,409 | 101,005 |
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Ryoyo Electro Corporation published this content on 31 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2023 06:43:07 UTC.