This document is a translation of the Japanese financial statements and is not in conformity with accounting principles of the United States.
SENKO Group Holdings Co., Ltd.
Summary of Financial Statements for the First Quarter of the Fiscal Year Ending March 31, 2022
[Japan GAAP]
August 12, 2021 | ||||||||||||
Name of Listed Company: | SENKO Group Holdings Co., Ltd. | Stock Listed on: The First Section of the Tokyo Stock Exchange | ||||||||||
Code Number: | 9069 | URL https://www.senkogrouphd.co.jp/en/ | ||||||||||
Representative: | Title: President and Representative Director | Name: Yasuhisa Fukuda | ||||||||||
Inquiries: | Title: Executive Officer, Responsible for PR & IR | Name: Satoru Kokubo | Tel. (03) 6862-8842 | |||||||||
Scheduled Date of Issue of Quarterly Financial Report: | August 13, 2021 | Scheduled Date of Dividend Paid: - | ||||||||||
Quarterly Supplemental Information Materials: | Yes | |||||||||||
Quarterly Information Meeting: | None | |||||||||||
(Amounts less than ¥1 million have been rounded down) | ||||||||||||
1. Consolidated Operating Results for the Three Months Ended June 30, 2021 | ||||||||||||
(1) Consolidated Operating Results (Cumulative) | (Percentage figures represent year-on-year changes) | |||||||||||
Operating revenue | Operating profit | Ordinary profit | Profit attributable to | |||||||||
owners of parent | ||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||
Three months ended June 30, 2021 | 148,102 | 11.1 | 6,095 | 44.0 | 6,381 | 52.0 | 3,608 | 42.8 | ||||
Three months ended June 30, 2020 | 133,330 | (2.8) | 4,231 | (15.3) | 4,197 | (15.8) | 2,526 | (19.6) |
(Note) Comprehensive income | ||||
Three months ended June 30, 2021: ¥4,290 million (89.3%) | Three months ended June 30, 2020: ¥2,267 million (-27.2%) | |||
Profit | Diluted profit | |||
per share | per share | |||
Yen | Yen | |||
Three months ended June 30, 2021 | 24.34 | 20.24 | ||
Three months ended June 30, 2020 | 16.62 | 15.42 |
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | ||||
Million yen | Million yen | % | Yen | ||||
As of June 30, 2021 | 430,388 | 147,684 | 31.7 | 920.71 | |||
As of March 31, 2021 | 435,260 | 145,754 | 31.0 | 909.49 | |||
(Reference) Equity: | |||||||
As of June 30, 2021: ¥136,487 million | As of March 31, 2021: ¥134,775 million |
2. Dividends
Annual dividend | |||||
June 30 | September 30 | December 31 | March 31 | Total | |
Yen | Yen | Yen | Yen | Yen | |
Fiscal year ended March 31, 2021 | - | 13.00 | - | 15.00 | 28.00 |
Fiscal year ending March 31, 2022 | - | ||||
Fiscal year ending March 31, 2022 | 15.00 | - | 15.00 | 30.00 | |
(Forecast) | |||||
(Note) Change in the estimation of dividend for the fiscal year in this period: None
3. Forecast of Consolidated Operating Results for the Fiscal Year Ending March 31, 2022 (From April 1, 2021 to March 31, 2022)
(Percentage figures represent year-on-year changes)
Operating revenue | Operating profit | Ordinary profit | Profit attributable to | Profit | |||||
owners of parent | per share | ||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
First half ending September 30, 2021 | 304,000 | 11.2 | 11,100 | 15.1 | 11,100 | 13.6 | 6,500 | 13.5 | 43.86 |
Fiscal year ending March 31, 2022 | 625,000 | 9.2 | 24,600 | 14.3 | 25,000 | 12.5 | 14,500 | 1.8 | 97.85 |
(Note) Change in the forecast made in this period: None
Notes
- Changes in significant subsidiaries during the period (Changes in specified subsidiaries associated with change in scope of consolidation): None
- Use of accounting methods specifically for the preparation of the quarterly consolidated financial statements: None
- Changes in accounting principles and estimates, and retrospective restatement
- Changes due to revision of accounting standards: Yes
- Changes other than in (a): None
- Changes in accounting estimates: None
- Retrospective restatement: None
(Note) For details, please refer to "(Changes in accounting policies)" in "(3) Notes to quarterly consolidated financial statements" of "2. Quarterly Consolidated Financial Statements and Significant Notes Thereto" on page 8 of the attached materials (Japanese only).
(4) Shares outstanding (Common shares) | |||
(a) Shares outstanding (including treasury shares) | |||
As of June 30, 2021: | 152,952,221 shares | As of March 31, 2021: | 152,952,221 shares |
(b) Treasury shares | |||
As of June 30, 2021: | 4,711,119 shares | As of March 31, 2021: | 4,764,111 shares |
(c) Average number of shares (Cumulative) | |||
Three months ended June 30, 2021: | 148,224,994 shares | Three months ended June 30, 2020: | 152,013,893 shares |
(Note) Starting with the third quarter of the fiscal year ended March 31, 2018, the number of treasury shares at term-end includes Senko shares owned by the trust accounts of Performance-linked Stock Compensation Plan for Employees (as of June 30, 2021: 341,740 shares; as of March 31, 2021: 341,740 shares) and Performance-linked Stock Compensation Plan for Directors (as of June 30, 2021: 348,873 shares; as of March 31, 2021: 348,873 shares).
Quarterly financial results reports are exempt from quarterly reviews conducted by certified public accountants or an audit corporation.
Cautionary statement regarding forecasts of operating results and special notes
- Forward-lookingstatements in these materials are based on information available to management at the time this report was prepared and assumptions that management believes are reasonable. Actual results may differ significantly from these statements for a number of reasons. For information about the assumptions used for forecasts and precautions concerning the use of forecasts, please see "Forecast for the first half period and the full-term of the fiscal year ending March 31, 2022" on page 3.
- The supplementary material on quarterly earnings will be available on the Company's website.
Index to accompanying materials
1. Results of Operations and Financial Condition ........................................................................................................................................... | 2 | |
(1) | Results of operations........................................................................................................................................................................... | 2 |
(2) | Financial condition............................................................................................................................................................................... | 3 |
(3) | Forecast for the first half period and the full-term of the fiscal year ending March 31, 2022 ............................................................ | 3 |
2. Consolidated Financial Statements ............................................................................................................................................................. | 4 | |
(1) | Consolidated balance sheets.............................................................................................................................................................. | 4 |
(2) | Consolidated statements of (comprehensive) income ....................................................................................................................... | 6 |
Consolidated statements of income | ||
For the three months ended June 30, 2020 and 2021.................................................................................................................... | 6 | |
Consolidated statements of comprehensive income | ||
For the three months ended June 30, 2020 and 2021.................................................................................................................... | 7 |
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1. Results of Operations and Financial Condition
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Results of operations
In the three-month period of the fiscal year ending March 31, 2022 (April 1, 2021 to June 30, 2021), the economic environment has continued to be harsh as a result of constraints on economic activities brought about by the declaration of a state of emergency to counter the spread of the novel coronavirus disease (COVID-19), and the outlook at present continues to be unclear.
The three-month-period performance was as follows.
(Unit: Millions of Yen) | ||||
Three months ended | Three months ended | Change | % | |
June 30, 2020 | June 30, 2021 | |||
Operating revenue | 133,330 | 148,102 | 14,771 | 11.1 |
Operating profit | 4,231 | 6,095 | 1,863 | 44.0 |
Ordinary profit | 4,197 | 6,381 | 2,183 | 52.0 |
Profit attributable to owners of | 2,526 | 3,608 | 1,081 | 42.8 |
parent | ||||
Amid signs that cargo volumes are recovering in the Logistics business, we made group-wide efforts to expand sales, improve cost efficiency and enhance productivity, as well as promote M&A, and as a result, consolidated operating revenue, consolidated operating profit, consolidated ordinary profit, and profit attributable to owners of parent all increased year on year.
The three-month-period operating revenue by segment was as follows.
Logistics
(Unit: Millions of Yen) | ||||
Three months ended | Three months ended | Change | % | |
June 30, 2020 | June 30, 2021 | |||
Operating revenue | 91,593 | 102,553 | 10,959 | 12.0 |
Segment income | 3,751 | 5,839 | 2,087 | 55.6 |
Amid an apparent recovery in cargo volumes, which declined drastically in the corresponding period of the previous fiscal year, we strived to expand sales, improve cost efficiency and enhance productivity while reaping the contribution of revenue from M&A we conducted in the previous fiscal year. As a result, operating revenue increased ¥10,959 million year on year to ¥102,553 million, and segment income rose ¥2,087 million year on year to ¥5,839 million.
Trading & commerce
(Unit: Millions of Yen) | ||||
Three months ended | Three months ended | Change | % | |
June 30, 2020 | June 30, 2021 | |||
Operating revenue | 38,171 | 37,090 | (1,081) | (2.8) |
Segment income | 820 | 782 | (38) | (4.7) |
In addition to making household paper wholesale distributor AZFIT CO., Ltd. a consolidated subsidiary in April, we worked on expanding sales, improving cost efficiency among other initiatives. However, in part as a result of applying the Accounting Standard for Revenue Recognition and relevant revised ASBJ regulations, and in part due to rising purchase prices in fuel sales, among other factors, operating revenue decreased by ¥1,081 million year on year to ¥37,090 million and segment income fell ¥38 million year on year to ¥782 million.
Others
(Unit: Millions of Yen) | ||||
Three months ended | Three months ended | Change | % | |
June 30, 2020 | June 30, 2021 | |||
Operating revenue | 3,565 | 8,459 | 4,893 | 137.2 |
Segment loss | (242) | (310) | (68) | - |
In addition to making membership-based general wholesale and retail business operator TERAUCHI CO., LTD. a consolidated subsidiary in January 2021, we worked on expanding sales, improving cost efficiency among other initiatives. However, in part due to the continued impact of COVID-19, operating revenue rose ¥4,893 million year on year to ¥8,459 million while segment loss was ¥310 million, a deterioration of ¥68 million year on year.
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Financial condition
Assets, liabilities and net assets Total assets
Total assets as of June 30, 2021 were ¥430,388 million, ¥4,872 million lower than at the end of the previous fiscal year.
Current assets amounted to ¥149,505 million, down ¥14,386 million from the end of the previous fiscal year. This was mainly due to decreases of ¥15,046 million in cash and deposits and ¥3,499 million in trade notes and accounts payable, and contract assets despite an increase of ¥3,077 million in other current assets.
Non-current assets totaled ¥280,883 million, up ¥9,514 million from the end of the previous fiscal year. This was primarily due to increases of ¥5,494 million in property, plant and equipment and ¥2,877 million in investments and other assets.
Liabilities
Liabilities as of June 30, 2021 decreased ¥6,802 million from the end of the previous fiscal year to ¥282,704 million.
Current liabilities totaled ¥123,576 million, down ¥10,138 million from the end of the previous fiscal year. This was mainly due to decreases of ¥1,541 million in trade notes and accounts payable, ¥1,357 million in short-term borrowings, ¥4,288 million in income taxes payable and ¥2,426 million in provision for bonuses.
Non-current liabilities totaled ¥159,127 million, up ¥3,336 million from the end of the previous fiscal year. This was mainly attributable to increases of ¥1,786 million in long-term borrowings and ¥955 million in other non-current liabilities.
Net assets
Net assets as of June 30, 2021 rose ¥1,930 million from the end of the previous fiscal year to ¥147,684 million. This was primarily due to an increase of ¥1,375 million in retained earnings. The equity ratio as of June 30, 2021 increased by 0.7 percentage points to 31.7% from the end of the previous fiscal year. - Forecast for the first half period and the full-term of the fiscal year ending March 31, 2022
No revisions have been made to the forecast of consolidated operating results for the first half ending September 30, 2021 and the fiscal year ending March 31, 2022, announced in "Summary of Financial Statements for the Fiscal Year Ended March 31, 2021" on May 14, 2021.
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SENKO Group Holdings Co. Ltd. published this content on 02 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 September 2021 06:01:01 UTC.