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 Six Months Ended June 30, 2023 [Japanese GAAP]
August 10, 2023 | ||
Company name: | SAKATA INX CORPORATION | |
Stock exchange listing: | Tokyo | |
Code number: | 4633 | |
URL: | https://www.inx.co.jp/english/ | |
Representative: | Yoshiaki Ueno | Representative Director, President & CEO |
Contact: | Daisuke Sugahara | General Manager, Finance & Accounting Div. |
Phone: | +81-6-6447-5823 |
Scheduled date of filing quarterly securities report: | August 10, 2023 |
Scheduled date of commencing dividend payments: | September 1, 2023 |
Availability of supplementary briefing material on quarterly financial results: Yes | |
Schedule of quarterly financial results briefing session: | Yes |
(Amounts of less than one million yen are rounded down) | |
1. Consolidated Financial Results for the Six Months Ended June 30, 2023 (January 1, 2023 to June 30, 2023) | |
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) |
Net sales
Operating income
Ordinary income
Net income attributable
to owners of parent
Six months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||||||||
June 30, 2023 | 110,151 | 6.4 | 5,045 | 148.7 | 6,427 | 156.7 | 3,812 | 58.8 | ||||||||||
June 30, 2022 | 103,533 | 16.8 | 2,028 | (59.8) | 2,503 | (57.2) | 2,400 | (40.6) | ||||||||||
(Note) Comprehensive income: Six months ended June 30, 2023: | ¥ | 12,081million | [ | (1.9)%] | ||||||||||||||
Six months ended June 30, 2022: | ¥ | 12,313million | [ | 45.5%] |
Basic earnings
per share
Diluted earnings
per share
Six months ended | Yen | |
June 30, 2023 | 76.20 | |
June 30, 2022 | 42.84 | |
(2) Consolidated Financial Position
Yen
-
-
Total assets | Net assets | Equity ratio | |||||||
As of | Million yen | Million yen | % | ||||||
June 30, 2023 | 192,218 | 104,169 | 50.3 | ||||||
December 31, 2022 | 177,403 | 92,952 | 48.6 | ||||||
(Note) Equity: As of June 30, 2023: | ¥ | 96,682million | |||||||
As of December 31, 2022: | ¥ | 86,272million |
2. Dividends
Annual dividends
1st 2nd quarter-endquarter-end
3rd
quarter-end
Year-end
Total
Yen | Yen | Yen | Yen | Yen | |||
Fiscal year ended December 31, 2022 | - | 15.00 | - | 15.00 | 30.00 | ||
Fiscal year ending December 31, | 2023 | - | 15.00 | ||||
Fiscal year ending December 31, | 2023 (Forecast) | - | 16.00 | 31.00 | |||
(Note) Revision to the forecast for dividends announced most recently: Yes
3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2023 (January 1, 2023 to December 31, 2023)
(% indicates changes from the previous corresponding period.)
Net sales
Operating income Ordinary income
Net income
attributable to
owners of parent
Basic earnings
per share
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |||||||||||
Full year | 226,000 | 4.9 | 10,000 | 142.4 | 12,100 | 143.9 | 7,900 | 73.4 | 157.87 | ||||||||||
(Note) Revision to the financial results forecast announced most recently: Yes
* Notes: | |
(1) Changes in significant subsidiaries during the six months ended June 30, 2021 | |
(changes in specified subsidiaries resulting in changes in scope of consolidation): | No |
- Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: No
- 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 |
4) | Retrospective restatement: | No |
- Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2023: | 54,172,361shares | |
December 31, 2022: | 54,172,361shares | |
2) | Total number of treasury shares at the end of the period: | |
June 30, 2023: | 4,127,468shares | |
December 31, 2022: | 4,143,541shares | |
3) | Average number of shares during the period: | |
Six months ended June 30, 2023: | 50,035,674shares | |
Six months ended June 30, 2022: | 56,037,577shares |
- This consolidated financial results are not subject to quarterly review procedures by Certified Public Accountants or audit firm.
-
Explanation of appropriate use of financial forecasts and other special notes
The above financial forecasts are based on the current available information in the Company and certain reasonable assumption to the Company, and we don't commit to achieve these forecasting numbers. Actual results may differ from these forecasts by a variety of reasons. - Supplementary information will be disclosed on TDnet on August 10, 2023 and will be uploaded on the Company's website.
Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets
(Million yen) | ||
As of December 31,2022 | As of June 30,2023 | |
Assets | ||
Current assets | ||
Cash and deposits | 12,120 | 14,423 |
Notes and accounts receivable - trade | 53,862 | 57,891 |
Merchandise and finished goods | 13,164 | 17,233 |
Work in process | 1,514 | 1,601 |
Raw materials and supplies | 18,669 | 14,804 |
Other | 2,394 | 3,116 |
Allowance for doubtful accounts | (575) | (630) |
Total current assets | 101,150 | 108,440 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 19,858 | 20,307 |
Machinery, equipment and vehicles, net | 10,391 | 10,774 |
Land | 9,816 | 10,045 |
Leased assets, net | 231 | 251 |
Construction in progress | 3,814 | 4,329 |
Other, net | 4,273 | 4,557 |
Total property, plant and equipment | 48,385 | 50,266 |
Intangible assets | ||
Goodwill | 441 | 459 |
Other | 1,901 | 3,506 |
Total intangible assets | 2,342 | 3,965 |
Investments and other assets | ||
Investment securities | 23,942 | 27,703 |
Other | 2,592 | 2,905 |
Allowance for doubtful accounts | (1,010) | (1,064) |
Total investments and other assets | 25,524 | 29,545 |
Total non-current assets | 76,252 | 83,778 |
Total assets | 177,403 | 192,218 |
- 1 -
(Million yen) | ||
As of December 31,2022 | As of June 30,2023 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 23,121 | 23,674 |
Electronically recorded obligations - operating | 14,316 | 12,393 |
Short-term borrowings | 11,046 | 11,493 |
Current portion of long-term borrowings | 1,979 | 3,611 |
Accrued expenses | 4,656 | 4,843 |
Income taxes payable | 524 | 538 |
Provision for bonuses | 547 | 506 |
Other | 2,951 | 3,162 |
Total current liabilities | 59,143 | 60,223 |
Non-current liabilities | ||
Bonds payable | 1,000 | 1,000 |
Long-term borrowings | 11,244 | 12,527 |
Retirement benefit liability | 4,869 | 4,956 |
Asset retirement obligations | 74 | 75 |
Other | 8,119 | 9,266 |
Total non-current liabilities | 25,307 | 27,826 |
Total liabilities | 84,450 | 88,049 |
Net assets | ||
Shareholders' equity | ||
Capital stock | 7,472 | 7,472 |
Capital surplus | 5,672 | 5,673 |
Retained earnings | 71,729 | 74,836 |
Treasury shares | (4,015) | (3,999) |
Total shareholders' equity | 80,859 | 83,982 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 1,111 | 1,842 |
Deferred gains or losses on hedges | (0) | 0 |
Foreign currency translation adjustment | 5,010 | 11,494 |
Remeasurements of defined benefit plans | (709) | (638) |
Total accumulated other comprehensive income | 5,412 | 12,699 |
Non-controlling interests | 6,680 | 7,486 |
Total net assets | 92,952 | 104,169 |
Total liabilities and net assets | 177,403 | 192,218 |
- 2 -
Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the six months)
(Million yen) | ||
For the six months | For the six months | |
ended June 30,2022 | ended June 30,2023 | |
Net sales | 103,533 | 110,151 |
Cost of sales | 84,454 | 86,757 |
Gross profit | 19,078 | 23,394 |
Selling, general and administrative expenses | 17,050 | 18,348 |
Operating income | 2,028 | 5,045 |
Non-operating income | ||
Interest income | 25 | 70 |
Dividend income | 172 | 72 |
Equity in earnings of affiliates | 331 | 866 |
Foreign exchange gains | - | 535 |
Other | 225 | 308 |
Total non-operating income | 755 | 1,854 |
Non-operating expenses | ||
Interest expenses | 187 | 395 |
Foreign exchange losses | 62 | - |
Other | 30 | 77 |
Total non-operating expenses | 280 | 472 |
Ordinary income | 2,503 | 6,427 |
Extraordinary income | ||
Gain on sales of investment securities | 1,442 | - |
Total extraordinary income | 1,442 | - |
Extraordinary losses | ||
Loss on valuation of shares of subsidiaries and associates | - | 280 |
Total extraordinary losses | - | 280 |
Income before income taxes | 3,945 | 6,147 |
Income taxes - current | 1,183 | 1,592 |
Income taxes - deferred | 247 | 296 |
Total income taxes | 1,431 | 1,888 |
Net income | 2,514 | 4,258 |
Net income attributable to non-controlling interests | 113 | 445 |
Net income attributable to owners of parent | 2,400 | 3,812 |
- 3 -
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Disclaimer
Sakata Inx Corporation published this content on 10 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2023 08:01:02 UTC.