Summary of Financial Statements for the Third Quarter of the
Year Ending December 31, 2021 (J-GAAP) (Consolidated)
Company | Segue Group Co., Ltd. | November 11, 2021 | ||||||||||||||||||||||||
Stock Exchange: Tokyo Stock Exchange | ||||||||||||||||||||||||||
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 date of filing of quarterly report: November 11, 2021 | ||||||||||||||||||||||||||
Expected starting date of dividend payment: - | ||||||||||||||||||||||||||
Preparation of quarterly supplementary financial document: Yes | ||||||||||||||||||||||||||
Quarterly results briefing: None | ||||||||||||||||||||||||||
(Rounded down to million yen) | ||||||||||||||||||||||||||
1. Consolidated business results for the nine months ended September 2021 | ||||||||||||||||||||||||||
(January 1, 2021 through September 30, 2021) | ||||||||||||||||||||||||||
(1) Consolidated results of operations | (Percentages indicate year-over-year changes) | |||||||||||||||||||||||||
Net sales | Operating income | Ordinary income | Net income attributable | |||||||||||||||||||||||
to owners of parent | ||||||||||||||||||||||||||
Q3 FY 2021 | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||||||||||||||||
8,393 | 11.2 | 283 | -35.9 | 326 | -29.7 | 221 | -37.7 | |||||||||||||||||||
Q3 FY 2020 | 7,546 | 2.3 | 442 | 0.9 | 464 | 5.6 | 354 | 24.0 | ||||||||||||||||||
(Note) Comprehensive income | ||||||||||||||||||||||||||
Q3 FY 2021: 185 million yen (-41.4%) | ||||||||||||||||||||||||||
Q3 FY 2020: 317 million yen (-1.4%) | ||||||||||||||||||||||||||
Net income | Diluted net income per | |||||||||||||||||||||||||
per share | share | |||||||||||||||||||||||||
Q3 FY 2021 | Yen | Yen | ||||||||||||||||||||||||
19.26 | 18.98 | |||||||||||||||||||||||||
Q3 FY 2020 | 31.13 | 30.44 | ||||||||||||||||||||||||
(2) Consolidated financial position | ||||||||||||||||||||||||||
Total assets | Net assets | Shareholders' equity | ||||||||||||||||||||||||
ratio | ||||||||||||||||||||||||||
Q3 FY 2021 | Million yen | Million yen | % | |||||||||||||||||||||||
7,450 | 3,214 | 42.3 | ||||||||||||||||||||||||
FY 2020 | 7,191 | 3,172 | 43.7 | |||||||||||||||||||||||
(Reference) Shareholders' equity | ||||||||||||||||||||||||||
Q3 FY 2021: 3,152 million yen | ||||||||||||||||||||||||||
Q3 FY 2020: 3,142 million yen | ||||||||||||||||||||||||||
2. Dividends | ||||||||||||||||||||||||||
Annual dividend | ||||||||||||||||||||||||||
End of 1Q | End of 2Q | End of 3Q | Year-end | Total | ||||||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | ||||||||||||||||||||||
FY 2020 | - | 0.00 | - | 16.00 | 16.00 | |||||||||||||||||||||
FY 2021 | - | 0.00 | - | |||||||||||||||||||||||
FY 2021 (forecast) | 16.00 | 16.00 | ||||||||||||||||||||||||
(Note) Revisions to dividend forecast for the current quarter: None | ||||||||||||||||||||||||||
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 | Net income per | ||||||||||||||||||||||
attributable to owners | ||||||||||||||||||||||||||
share | ||||||||||||||||||||||||||
of parent | ||||||||||||||||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | ||||||||||||||||||
Full year | 12,325 | 12.1 | 575 | -31.8 | 625 | -28.5 | 440 | -30.6 | 38.32 | |||||||||||||||||
(Note) Revisions to | business forecast for the current quarter: Yes |
1
*Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes in the scope of consolidation): None
- Application of accounting procedures specific to preparation of the consolidated quarterly financial statements: None
- Changes in accounting policies, accounting estimates and restatement
① Changes in accounting policies associated with revision of accounting standards:
②Changes in accounting policies other than ①
③Changes in accounting estimates
④Restatement - Shares outstanding (common stock)
① Number of shares outstanding at the end of period (treasury stock included)
Q3 FY 2021 | 11,633,035 shares |
FY 2020 | 11,557,035 shares |
②Treasury stock at the end of period | |
Q3 FY 2021 | 127,589 shares |
FY 2020 | 127,589 shares |
③Average number of stock during period (quarterly cumulative period)
Q3 FY 2021 | 11,487,623 shares |
Q3 FY 2020 | 11,401,105 shares |
- None
- None
- None
- None
(Note) 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.
*Quarterly 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 promises about the achivements. Actual results may differ significantly from the forecasts due to various factors.
2
2. Quarterly Consolidated Financial Statements and Major Notes
(1) Quarterly consolidated balance sheets
(Thousand yen) | |||
FY 2020 | Q3 FY 2021 | ||
(December 31, 2020) | (September 30, 2021) | ||
Assets | |||
Current assets | |||
Cash and deposits | 1,727,426 | 2,513,479 | |
Notes and accounts receivable - trade | 2,088,973 | 1,106,074 | |
Electronically recorded monetary claims | 87,262 | 189,899 | |
Inventories | 821,751 | 1,186,204 | |
Advance payments - trade | 549,329 | 588,653 | |
Accounts receivable - other | 428,133 | 293,084 | |
Other | 104,756 | 110,300 | |
Allowance for doubtful accounts | -872 | -686 | |
Total current assets | 5,806,761 | 5,987,009 | |
Noncurrent assets | |||
Property, plant and equipment | |||
Buildings and structures | 78,366 | 72,295 | |
Accumulated depreciation | -45,686 | -29,231 | |
Buildings and structures, net | 32,679 | 43,063 | |
Automotive equipment | 3,076 | 3,076 | |
Accumulated depreciation | -2,668 | -2,767 | |
Vehicles, net | 407 | 309 | |
Tools, furniture and fixtures | 949,448 | 927,001 | |
Accumulated depreciation | -788,270 | -759,522 | |
Tools, furniture and fixtures, net | 161,177 | 167,478 | |
Land | 639 | 639 | |
Total property, plant and equipment | 194,904 | 211,491 | |
Intangible assets | |||
Goodwill | 92,213 | 74,460 | |
Software | 140,484 | 122,520 | |
Software in progress | 7,517 | - | |
Other | 1,209 | 1,209 | |
Total intangible assets | 241,424 | 198,190 | |
Investments and other assets | |||
Investment securities | 602,732 | 699,448 | |
Long-term guarantee deposits | 128,223 | 118,680 | |
Deferred tax assets | 109,306 | 125,256 | |
Insurance funds | 85,256 | 87,797 | |
Claims in bankruptcy | 1,447 | 1,447 | |
Other | 22,911 | 22,216 | |
Allowance for doubtful accounts | -1,339 | -1,339 | |
Total investments and other assets | 948,538 | 1,053,507 | |
Total noncurrent assets | 1,384,867 | 1,463,188 | |
Total assets | 7,191,628 | 7,450,198 |
3
(Thousand yen) | |||
FY 2020 | Q3 FY 2021 | ||
(December 31, 2020) | (September 30, 2021) | ||
Liabilities | |||
Current liabilities | |||
Accounts payable-trade | 804,759 | 1,012,937 | |
Current portion of long-term loans payable | 8,028 | 3,677 | |
Accounts payable | 105,145 | 85,631 | |
Accrued expenses | 186,495 | 160,141 | |
Income taxes payable | 247,765 | 32,922 | |
Accrued consumption taxes | 133,890 | 60,093 | |
Provision for bonuses | 2,000 | 86,729 | |
Advances received | 2,183,623 | 2,457,874 | |
Other | 61,829 | 22,532 | |
Total current liabilities | 3,733,537 | 3,922,539 | |
Noncurrent liabilities | |||
Long-term debt | 1,830 | 160 | |
Retirement benefit liability | 201,421 | 220,510 | |
Provision for share-based remuneration | 15,553 | 25,668 | |
Long-term accounts payable - other | 66,598 | 66,598 | |
Total noncurrent liabilities | 285,402 | 312,937 | |
Total liabilities | 4,018,940 | 4,235,476 | |
Net assets | |||
Shareholders' equity | |||
Capital stock | 510,772 | 514,406 | |
Capital surplus | 283,272 | 286,906 | |
Retained earnings | 2,393,965 | 2,432,381 | |
Treasury shares | -100,252 | -100,252 | |
Total shareholders' equity | 3,087,757 | 3,133,442 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 55,168 | 16,902 | |
Deferred gains or losses on hedges | -805 | 2,041 | |
Total accumulated other comprehensive income | 54,362 | 18,944 | |
Share subscription rights | 30,567 | 62,335 | |
Total net assets | 3,172,688 | 3,214,722 | |
Total liabilities and net assets | 7,191,628 | 7,450,198 |
4
(2) Quarterly Consolidated Statements of Income and Statements of Comprehensive Income
Quarterly Consolidated Statement of Income
Third Quarter
(Thousand yen) | |||
Q3 FY 2020 | Q3 FY 2021 | ||
(January 1, 2020- | (January 1, 2021- | ||
September 30, 2020) | September 30, 2021) | ||
Net sales | 7,546,400 | 8,393,977 | |
Cost of sales | 5,474,876 | 6,266,723 | |
Gross profit | 2,071,524 | 2,127,253 | |
Selling, general and administrative expenses | 1,629,160 | 1,843,803 | |
Operating income | 442,363 | 283,449 | |
Non-operating income | |||
Interest income and dividends | 108 | 102 | |
Foreign exchange gain | 782 | 30,704 | |
Surrender value of insurance | 4,695 | 3,653 | |
Employment adjustment subsidy | 4,485 | - | |
Subsidy income | 8,244 | 3,456 | |
Compensation income | - | 9,595 | |
Other | 3,896 | 2,263 | |
Total non-operating income | 22,212 | 49,776 | |
Non-operating expenses | |||
Interest expenses | 97 | 118 | |
Guarantee commission | 180 | 180 | |
Stock issuance cost | 270 | 210 | |
Customer compensation and other costs | - | 6,436 | |
Other | 0 | 25 | |
Total non-operating expenses | 547 | 6,971 | |
Ordinary income | 464,028 | 326,255 | |
Extraordinary income | |||
Gains on sales of investment securities | 65,850 | 23,706 | |
Total extraordinary income | 65,850 | 23,706 | |
Extraordinary loss | |||
Ceremony cancellation related costs | 1,964 | - | |
Total extraordinary loss | 1,964 | - | |
Profit before income taxes | 527,913 | 349,961 | |
Income taxes | 191,114 | 138,213 | |
Income taxes-deferred | -18,171 | -9,538 | |
Total income tax | 172,943 | 128,674 | |
Net income | 354,970 | 221,286 | |
Net income attributable to owners of non-controlling | - | - | |
shareholders | |||
Net income attributable to owners of parent | 354,970 | 221,286 |
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Segue Group Co. Ltd. published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 05:10:08 UTC.