Summary of Business Results for the
Year Ended December 31, 2020 (J-GAAP) (Consolidated)
February 12, 2021
Expected date of annual shareholders' meeting: March 25, 2021 Expected date of filing of annual securities report: March 26, 2021 Preparation of supplementary financial document: Yes
Results briefing: Yes (for institutional investors and analysts)
Company | Segue Group Co., Ltd. | |
Stock Code | 3968 URL:https://segue-g.jp/ | |
Representative | Yasuyuki Aisu, President and CEO | |
Contact | Yasuhiro Fukuda, CFO | T E L: +81-3-6228-3822 |
Expected starting date of dividend payment: March 26, 2021 | ||
(Rounded down to million yen) |
Stock Exchange: Tokyo Stock Exchange
1. Consolidated business results for the fiscal year ended December 2020
(January 1, 2020 through December 31, 2020)
(1) Consolidated results of operations
(Percentages indicate year-over-year changes)
Net sales | Operating income | Ordinary income | Net income attributable to owners of parent | ||
FY 2020 FY 2019 | Million yen %
| Million yen % 843 53.9 548 13.2 | Million yen %
| Million yen 634 411 | % 54.1 9.1 |
(Note) Comprehensive income:
FY 2020: 581 million yen (56.5%) FY 2019: 371 million yen (223.0%)
Net income per share | Diluted net income per share | Return on equity | Ratio of ordinary income to total assets | Ratio of operating income to net sales | |
FY 2020 FY 2019 | Yen 55.62 35.90 | Yen 54.40 35.11 | % 21.5 15.7 | % 13.1 9.6 | % 7.7 5.7 |
(Reference) Investment earnings/loss on equity-method:
FY 2020: -million yen
FY 2019: -million yen
(2) Consolidated financial position
Total assets | Net assets | Shareholders' equity ratio | Net assets per share | |
FY 2020 FY 2019 | Million yen 7,191 6,146 | Million yen 3,172 2,786 | % 43.7 45.0 | Yen 274.91 240.97 |
(Reference) Shareholders' equity:
FY 2020: 3,142 million yen FY 2019: 2,768 million yen
(3) Consolidated results of cash flows
Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Cash and cash equivalents at the end of period | |
FY 2020 FY 2019 | Million yen 163 760 | Million yen -401 -179 | Million yen -216 -66 | Million yen 1,726 2,179 |
2. Dividends
Annual dividend | Total dividends paid (total) | Payout ratio (consolidated) | Ratio of dividend paid to net assets (consolidated) | |||||
End of 1Q | End of 2Q | End of 3Q | Year-end | Total | ||||
FY 2019 FY 2020 | Yen - - | Yen 0.00 0.00 | Yen - - | Yen 10.00 16.00 | Yen 10.00 16.00 | Yen 114 184 | % 27.9 29.2 | Yen 4.4 6.2 |
FY 2021 (forecast) | - | 0.00 | - | 16.00 | 16.00 | 27.1 |
6.2
(Note)Breakdown of Year-End Dividends for the Fiscal Year Ended December 2019
Ordinary dividend: 5 yen, Commemorative dividend: 5 yen (commemorative dividend for the 25th anniversary of the Company's founding and the listing on the 1st Section of TSE)
3.Forecast of consolidated business results for the year ending December 2021
(January 1, 2021 through December 31, 2021) (Percentages indicate year-over-year changes)
Net sales | Operating income | Ordinary income | Net income attributable to owners of parent | Net income per share | |
Million yen % | Million yen % | Million yen % | Million yen % | Yen | |
Six months of FY2021 Full year | - 12,500 - 13.7 | - 919 - 9.1 | - 938 - 7.4 | - 675 - 6.4 | - 59.20 |
*Notes
(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes in the scope of consolidation): None
(2) Changes in accounting policies, accounting estimates and restatement
① Changes in accounting policies associated with revision of accounting standards:
: None
② Changes in accounting policies other than ①
: None
: Yes
③ Changes in accounting estimates
: None
④ Restatement
(3) Shares outstanding (common stock)
① Number of shares outstanding at the end of period (treasury stock included)
FY 2020
11,557,035 shares
FY 2019
11,487,200 shares
② Treasury stock at the end of period:
FY 2020
127,589 shares
FY 2019
236 shares
③ Average number of stock during period (cumulative period)
FY 2020
FY 2019
11,401,730 shares 11,464,467 shares
(Note) 1. The Company conducted a 2-for-1 stock split with an effective date of December 1, 2019. The number of shares is calculated assuming that the stock split was conducted at the beginning of the fiscal year ended December 2019.
2. The number of treasury shares to be deducted for the purpose of calculating the number of treasury shares at the end of period and the average number of shares during the period (quarterly cumulative period) includes the Company's shares held by the stock benefit trust as trust assets under the J-ESOP plan.
*Financial summary is not subject to auditing procedures by certified public accountants or auditing firms.
*Explanation regarding appropriate use of business forecasts and other special instructions
・Forecasts regarding future performance in this material are based on information currently available to the company and
certain assumptions that the company deems to be reasonable at the time this report was prepared. The Company does not promise about the achivement. Actual results may differ significantly from the forecasts due to various factors.
3. Consolidated Financial Statements and Major Notes (1) Consolidated balance sheets
Total current assets 5,044,270 | 5,806,761 |
Accumulated depreciation -31,519 | -45,686 |
Automotive equipment 3,076 | 3,076 |
Vehicles, net 685 | 407 |
Accumulated depreciation -719,871 | -788,270 |
Land 639 | 639 |
Total property, plant and equipment 190,328 | 194,904 |
Total intangible assets 301,897 | 241,424 |
Allowance for doubtful accounts -2,075 | -1,339 |
Total noncurrent assets 1,102,037 | 1,384,867 |
(Thousand yen) | ||
FY 2019 | FY 2020 | |
(December 31, 2019) | (December 31, 2020) | |
Assets | ||
Current assets | ||
Cash and deposits | 2,180,682 | 1,727,426 |
Notes and accounts receivable | 1,205,503 | 2,088,973 |
Electronically Recorded Monetary Claims | 30,019 | 87,262 |
Inventories | 640,109 | 821,751 |
Advance payments - trade | 583,552 | 549,329 |
Accounts receivable - other | 303,458 | 428,133 |
Other | 101,808 | 104,756 |
Allowance for doubtful accounts | -863 | -872 |
Noncurrent assets | ||
Property, plant and equipment | ||
Buildings and structures | 59,057 | 78,366 |
Buildings and structures, net | 27,537 | 32,679 |
Accumulated depreciation | -2,390 | -2,668 |
Tools, furniture and fixtures | 873,837 | 949,448 |
Tools, furniture and fixtures, net | 153,965 | 161,177 |
Construction in progress | 7,500 | - |
Intangible assets | ||
Goodwill | 116,783 | 92,213 |
Software | 171,848 | 140,484 |
Software in progress | 12,056 | 7,517 |
Other | 1,209 | 1,209 |
Investments and other assets | ||
Investment securities | 335,759 | 602,732 |
Long-term guarantee deposits | 94,472 | 128,223 |
Deferred tax assets | 83,964 | 109,306 |
Insurance funds | 78,157 | 85,256 |
Claims in bankruptcy | 2,241 | 1,447 |
Other | 17,290 | 22,911 |
Total investments and other assets | 609,810 | 948,538 |
Total assets | 6,146,308 | 7,191,628 |
(Thousand yen)
Liabilities |
Other 50,559 | 61,829 |
Long-term accounts payable - other 66,598 | 66,598 |
Total liabilities 3,359,789 | 4,018,940 |
Treasury shares 355,633 | -100,252 |
Deferred gains or losses on hedges -71 | -805 |
Share subscription rights 18,463 | 30,567 |
FY 2019 | FY 2020 | |
(December 31, 2019) | (December 31, 2020) | |
Current liabilities | ||
Accounts payable-trade | 508,448 | 804,759 |
Current portion of long-term loans payable | 8,028 | 8,028 |
Accounts payable | 104,963 | 105,145 |
Accrued expenses | 161,415 | 186,495 |
Income taxes payable | 113,435 | 247,765 |
Accrued consumption taxes | 79,055 | 133,890 |
Provision for bonuses | 1,850 | 2,000 |
Advances received | 2,079,163 | 2,183,623 |
Total current liabilities | 3,106,919 | 3,733,537 |
Long-term liabilities | ||
Long-term debt | 9,858 | 1,830 |
Obligations for retirement pay | 176,413 | 201,421 |
Provision for share-based remuneration | - | 15,553 |
Total long-term liabilities | 252,869 | 285,402 |
Net assets | ||
Shareholders' equity | ||
Capital stock | 507,243 | 510,772 |
Capital surplus | 279,743 | 283,272 |
Retained earnings | 1,874,669 | 2,393,965 |
Total shareholders' equity | 2,661,442 | 3,087,757 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 106,685 | 55,168 |
Total accumulated other comprehensive income | 106,613 | 54,362 |
Total net assets | 2,786,518 | 3,172,688 |
Total liabilities and net assets | 6,146,308 | 7,191,628 |
(2) Consolidated Statements of Income and Statements of Comprehensive Income
Consolidated Statement of Income
Net sales | 9,646,836 | 10,992,813 |
Gross profit 2,531,670 | 3,092,522 |
Operating income 548,221 | 843,618 |
Other 2,853 | 7,159 |
Non-operating expenses |
Total non-operating expenses 10,867 | 1,490 |
Extraordinary income |
Gain on reversal of subscription rights to shares 209 | - |
Ceremony cancellation related costs - | 1,964 |
Profit before income taxes 618,534 | 938,046 |
Income taxes-deferred 8,672 | -16,604 |
Net income 411,603 | 634,165 |
FY 2019 | FY 2020 | |
(January 1, 2019 | (January 1, 2020 | |
-December 31, 2019) | -December 31, 2020) | |
Cost of sales | 7,115,166 | 7,900,291 |
Selling, general and administrative expenses | 1,983,448 | 2,248,904 |
Non-operating income | ||
Interest Income and Dividends | 1,389 | 2,934 |
Surrender value of insurance | 10,036 | 5,029 |
Subsidies for employment adjustment | - | 6,240 |
Subsidy income | 2,724 | 10,669 |
Total non-operating income | 17,004 | 32,033 |
Interest expenses | 179 | 121 |
Guarantee commission | 240 | 240 |
Foreign exchange loss | 9,951 | 754 |
Stock issuance cost | 300 | 360 |
Other | 195 | 13 |
Ordinary income | 554,359 | 874,160 |
Gains on sales of investment securities | 64,994 | 65,850 |
Total extraordinary income | 65,204 | 65,850 |
Extraordinary loss | ||
Loss on sales of investment securities | 1,029 | - |
Total extraordinary loss | 1,029 | 1,964 |
Income taxes | 198,258 | 320,484 |
Total income tax | 206,930 | 303,880 |
Net income attributable to owners of non-controlling | - | - |
Net income attributable to owners of parent | 411,603 | 634,165 |
Consolidated Statement of Comprehensive Income
(Thousand yen)FY 2019
(January 1, 2019 -December 31, 2019)FY 2020
(January 1, 2020 -December 31, 2020)
Net income | 411,603 | 634,165 |
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
-40,317
-51,517
545
-733
Total other comprehensive income -39,772 | -52,250 |
Comprehensive income
371,831 581,914
Breakdown |
371,831 581,914
Comprehensive income attributable to owners of parent
Comprehensive income attributable to owners of non-controlling shareholders
-
-
(3) Consolidated statement of changes in equity
FY 2019 (January 1, 2019 - December 31, 2019)
Shareholders' equity | |||||
Capital stock | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |
Balance at beginning of current period | 505,788 | 278,288 | 1,520,357 | -79 | 2,304,355 |
Changes during period | |||||
Issuance of new shares | 1,454 | 1,454 | 2,908 | ||
Dividend of surplus | -57,291 | -57,291 | |||
Net income attributable to owners of parent | 411,603 | 411,603 | |||
Purchase of treasury shares | -134 | -134 | |||
Net changes during period other than shareholders' equity | |||||
Total changes during period | 1,454 | 1,454 | 354,311 | -134 | 357,086 |
Balance at end of current period | 507,243 | 279,743 | 1,874,669 | -213 | 2,661,442 |
Accumulated other comprehensive income | Share subscription rights | Total net assets | |||
Valuation difference on available-for-sale securities | Deferred gains or losses on hedges | Total accumulated other comprehensive income | |||
Balance at beginning of current period | 147,002 | 6,628 | 146,385 | - | 2,450,741 |
Changes during period | |||||
Issuance of new shares | 2,908 | ||||
Dividend of surplus | -57,291 | ||||
Net income attributable to owners of parent | 411,603 | ||||
Purchase of treasury shares | -134 | ||||
Net changes during period other than shareholders' equity | -40,317 | 545 | -39,772 | 18,463 | -21,308 |
Total changes during period | -40,317 | 545 | -39,772 | 18,463 | 335,777 |
Balance at end of current period | 106,685 | -71 | 106,613 | 18,463 | 2,786,518 |
FY 2020 (January 1, 2020 - December 31, 2020)
(Thousand yen)
Shareholders' equity | |||||
Capital stock | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |
Balance at beginning of current period | 507,243 | 279,743 | 1,874,669 | -213 | 2,661,442 |
Changes during period | |||||
Issuance of new shares | 3,529 | 3,529 | 7,058 | ||
Dividend of surplus | -114,869 | -114,869 | |||
Net income attributable to owners of parent Net income | 634,165 | 634,165 | |||
Purchase of treasury shares | -100,038 | -100,038 | |||
Net changes during period other than shareholders' equity | |||||
Total changes during period | 3,529 | 3,529 | 519,296 | -100,038 | 426,315 |
Balance at end of current period | 510,772 | 283,272 | 2,393,965 | -100,252 | 3,087,757 |
Accumulated other comprehensive income | Share subscription rights | Total net assets | |||
Valuation difference on available-for-sale securities | Deferred gains or losses on hedges | Total accumulated other comprehensive income | |||
Balance at beginning of current period | 106,685 | -71 | 106,613 | 18,463 | 2,786,518 |
Changes during period | |||||
Issuance of new shares | 7,058 | ||||
Dividend of surplus | -114,869 | ||||
Net income attributable to owners of parent | 634,165 | ||||
Purchase of treasury shares | -100,038 | ||||
Net changes during period other than shareholders' equity | -51,517 | -733 | -52,250 | 12,104 | -40,146 |
Total changes during period | -51,517 | -733 | -52,250 | 12,104 | 386,169 |
Balance at end of current period | 55,168 | -805 | 54,362 | 30,567 | 3,172,688 |
(4) Consolidated statement of cash flows
(Thousand yen)
FY 2019
(January 1, 2019 -December 31, 2019)
FY 2020
(January 1, 2020 -December 31, 2020)
Cash flows from operating activities |
618,534
Profit before income taxes Depreciation Amortization of goodwill Share-based compensation expenses Provision for share-based remuneration
Gain on reversal of subscription rights to shares Increase (decrease) in allowance for doubtful accounts Increase (decrease) in net defined benefit liability Interest and dividend income
Interest expenses
Loss (gain) on sales of investment securities Foreign exchange losses (gains)
Decrease (increase) in notes and accounts receivable - trade
Decrease (increase) in accounts receivable - other Decrease (increase) in inventories
Decrease (increase) in advance payments Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in advances received Other
938,046
111,710
134,300
22,905
24,569
18,672 -
12,255
-209
15,553 -
-4,656
-726
15,655
25,007
-1,389
-2,934
179
121
-63,965
-65,850
-1,037
-815
52,819
-940,713
-34,679
-123,719
51,501
-181,641
-98,072
34,223
-141,066
296,311
446,222
104,460
-20,544
81,777
Subtotal 972,579 | 350,226 |
Interest and dividend income received Interest expenses paid
Income taxes paid
1,306 -179 -213,196
2,934 -121 -189,419
Cash flows from operating activities 760,509 | 163,618 |
Cash flows from investing activities
Purchase of investment securities
Proceeds from sales of investment securities Purchase of property, plant and equipment Purchase of intangible assets
Purchase of subsidiary share capital associated with a change in the scope of consolidation
Payments of loans receivable Collection of loans receivable
Payments for lease and guarantee deposits
-35,445
-330,981
93,316
69,927
-82,891
-86,383
-84,899
-11,307
-96,386
-
-200
-500
26,438 Other
333 -42,803
Proceeds from collection of lease and guarantee deposits 1,078 | 54 |
Cash flows from investing activities
-179,058
-401,660
Cash flows from financing activities |
Repayment of long-term loans payable Proceeds from issuance of shares Purchase of treasury shares
-11,690 2,908 -134
-8,028
6,907 -100,038
Dividends paid -57,291 | -114,869 |
Cash flows from financing activities
-66,207
-216,029
Effect of exchange rate change on cash and cash equivalents 1,037 | 815 |
-453,255
Net increase (decrease) in cash and cash equivalents
516,281
Cash and cash equivalents at the start of the period 1,663,362 | 2,179,643 |
Cash and cash equivalents at the end of the period
2,179,643
1,726,388
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Segue Group Co. Ltd. published this content on 08 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2021 07:02:01 UTC.