Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Non-Consolidated Financial Results
for the Three Months Ended May 31, 2021
(Based on Japanese GAAP)
July 15, 2021 | |||||
Company name: | Serverworks Co.,Ltd. | ||||
Stock exchange listing: | Tokyo | ||||
Stock code: | 4434 | URL https://www.serverworks.co.jp/ | |||
Representative: | Representative Director, President | Ryo Oishi | |||
Inquiries: | Director | Hiroyuki Oshio | TEL 03(5579)8029 | ||
Scheduled date to file Quarterly Securities Report: | July 15, 2021 | ||||
Scheduled date to commence dividend payments: | - | ||||
Preparation of supplementary material on quarterly financial results: | Yes | ||||
Holding of quarterly financial results meeting: | Yes | (for institutional investors and analysts) |
(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the three months ended May 31, 2021 (from March 1, 2021 to May 31, 2021)
(1) Non-consolidated operating results (cumulative) | Percentages indicate year-on-year changes | |||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit | |||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||||||
Three months ended May 31, 2021 | 2,509 | 30.5 | 171 | 146.0 | 168 | 119.7 | 110 | 98.6 | ||||||||
Three months ended May 31, 2020 | 1,922 | 33.5 | 69 | (30.5) | 76 | (16.8) | 55 | (40.9) | ||||||||
Earnings per share | Diluted earnings per share | |||||||||||||||
Yen | Yen | |||||||||||||||
Three months ended May 31, 2021 | 14.43 | 13.89 | ||||||||||||||
Three months ended May 31, 2020 | 8.16 | 7.66 | ||||||||||||||
(2) Non-consolidated financial position | ||||||||||||||||
Total assets | Net assets | Equity ratio | ||||||||||||||
Millions of yen | Millions of yen | % | ||||||||||||||
As of May 31, 2021 | 10,697 | 8,914 | 83.3 | |||||||||||||
As of February 28, 2021 | 10,717 | 8,855 | 82.6 | |||||||||||||
2. Cash dividends | ||||||||||||||||
Annual dividends per share | ||||||||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | ||||||||||||
Yen | Yen | Yen | Yen | Yen | ||||||||||||
Year ended February 28, 2021 | - | 0.00 | - | 0.00 | 0.00 | |||||||||||
Year ending February 28, 2022 | - | |||||||||||||||
Year ending February 28, 2022 (Forecast) | 0.00 | - | 0.00 | 0.00 |
3. Forecast of non-consolidated financial results for the year ending February 28, 2022 (from March 1, 2021 to February 28, 2022)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit | Earnings per share | ||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||
Full year | 9,300 | 15.8 | 446 | 6.4 | 471 | 14.8 | 326 | (32.3) | 45.17 |
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4. Notes
- Application of special accounting methods for preparing quarterly non-consolidated financial statements: Yes
- Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations: | No |
Changes in accounting policies due to other reasons: | No |
Changes in accounting estimates: | No |
Restatement of prior period financial statements: | No |
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of May 31, 2021 | 7,656,188 | shares | As of February 28, 2021 | 7,588,044 | shares | |
Number of treasury shares at the end of the period | ||||||
As of May 31, 2021 | 340 | shares | As of February 28, 2021 | 340 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Three months ended May 31, 2021 | 7,629,924 | shares | Three months ended May 31, 2020 | 6,791,742 | shares |
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Quarterly non-consolidated financial statements
Non-consolidated balance sheets
(Thousands of yen) | |||
As of February 28, 2021 | As of May 31, 2021 | ||
Assets | |||
Current assets | |||
Cash and deposits | 7,426,126 | 6,804,652 | |
Accounts receivable - trade | 1,196,926 | 1,249,105 | |
Work in process | 40,740 | 54,080 | |
Other | 337,955 | 383,089 | |
Allowance for doubtful accounts | (2,148) | (1,917) | |
Total current assets | 8,999,600 | 8,489,010 | |
Non-current assets | |||
Property, plant and equipment | 72,971 | 70,464 | |
Intangible assets | 112,679 | 109,368 | |
Investments and other assets | |||
Investment securities | 1,402,808 | 1,900,757 | |
Shares of subsidiaries and associates | 50,000 | 50,000 | |
Other | 79,840 | 78,216 | |
Total investments and other assets | 1,532,649 | 2,028,974 | |
Total non-current assets | 1,718,299 | 2,208,807 | |
Total assets | 10,717,899 | 10,697,817 | |
Liabilities | |||
Current liabilities | |||
Accounts payable - trade | 846,369 | 892,722 | |
Income taxes payable | 166,497 | 62,136 | |
Provision for bonuses | 57,168 | 29,883 | |
Provision for loss on order received | 1,814 | 4,672 | |
Other | 447,809 | 482,378 | |
Total current liabilities | 1,519,659 | 1,471,794 | |
Non-current liabilities | |||
Deferred tax liabilities | 328,596 | 297,377 | |
Asset retirement obligations | 14,310 | 14,310 | |
Total non-current liabilities | 342,906 | 311,687 | |
Total liabilities | 1,862,566 | 1,783,481 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 3,201,973 | 3,211,800 | |
Capital surplus | 3,191,973 | 3,201,800 | |
Retained earnings | 1,592,212 | 1,702,298 | |
Treasury shares | (1,866) | (1,866) | |
Total shareholders' equity | 7,984,292 | 8,114,033 | |
Valuation and translation adjustments | |||
Valuation difference on available-for-sale securities | 871,041 | 800,303 | |
Total valuation and translation adjustments | 871,041 | 800,303 | |
Total net assets | 8,855,333 | 8,914,336 | |
Total liabilities and net assets | 10,717,899 | 10,697,817 |
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Non-consolidated statements of income (cumulative)
(Thousands of yen) | |||
Three months ended | Three months ended | ||
May 31, 2020 | May 31, 2021 | ||
Net sales | 1,922,963 | 2,509,960 | |
Cost of sales | 1,678,259 | 2,086,363 | |
Gross profit | 244,703 | 423,596 | |
Selling, general and administrative expenses | 175,049 | 252,279 | |
Operating profit | 69,654 | 171,316 | |
Non-operating income | |||
Foreign exchange gains | 6,626 | - | |
Other | 643 | - | |
Total non-operating income | 7,269 | - | |
Non-operating expenses | |||
Share issuance costs | 56 | - | |
Foreign exchange losses | - | 2,656 | |
Guarantee commission | 165 | 156 | |
Other | 0 | 20 | |
Total non-operating expenses | 222 | 2,833 | |
Ordinary profit | 76,701 | 168,483 | |
Extraordinary losses | |||
Special executive bonuses | - | 10,000 | |
Total extraordinary losses | - | 10,000 | |
Profit before income taxes | 76,701 | 158,483 | |
Income taxes | 21,269 | 48,398 | |
Profit | 55,432 | 110,085 |
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Serverworks Co. Ltd. published this content on 16 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2021 07:02:04 UTC.