Disclaimer: This document is an English translation of the original document in Japanese and has been prepared solely for reference purposes. In the event of any discrepancy between this English translation and the original in Japanese, the original shall prevail in all respects.
Consolidated Financial Results
for the Fiscal Year Ended March 31, 2023
[Japanese GAAP]
May 8, 2023
Company name: SUZUDEN CORPORATION
Stock exchange listing: Tokyo Stock Exchange
Securities code: 7480
URL: https://www.suzuden.co.jp/
Representative: Toshio Suzuki, Representative Director, Chairman and President
Contact: Satoshi Nakano, Executive Officer
Phone: +81-3-6910-6801
Scheduled date of annual general meeting of shareholders: June 29, 2023
Scheduled date of commencing dividend payments: June 13, 2023
Scheduled date of filing annual securities report: June 30, 2023
Availability of supplementary briefing materials on financial results: Not available
Schedule of financial results briefing session: Not scheduled
(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 1, 2022 - March 31, 2023)
(1) Consolidated Operating Results | (% indicates changes from the previouscorresponding period.) | ||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||
owners of parent | |||||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |
March 31, 2023 | 67,439 | 13.0 | 4,399 | 44.1 | 4,756 | 41.3 | 3,309 | 41.3 | |
March 31, 2022 | 59,690 | - | 3,051 | 129.1 | 3,367 | 115.5 | 2,342 | 163.4 |
(Note) Comprehensive income: Fiscal year ended March 31, 2023: ¥3,374 million [46.3%] | ||||||
Fiscal year ended March 31, 2022: ¥2,306 million [144.1%] | ||||||
Basic earnings | Diluted | Return on | Ratio of | Ratio of | ||
earnings | ordinary profit | operating profit | ||||
per share | equity | |||||
per share | to total assets | to net sales | ||||
Fiscal year ended | Yen | Yen | % | % | % | |
March 31, 2023 | 236.74 | - | 18.3 | 14.4 | 6.5 | |
March 31, 2022 | 167.82 | - | 13.8 | 11.4 | 5.1 |
(Reference) Share of profit (loss) of entities accounted for using equity method: Fiscal year ended March 31, 2023: ¥ - million Fiscal year ended March 31, 2022: ¥ - million
(Note) The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29), etc. from the beginning of the fiscal year ended March 31, 2022. For this reason, the year-on-year change in net sales before the application of the above accounting standard, etc. is not provided.
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | |
Million yen | Million yen | % | Yen | |
As of March 31, 2023 | 33,370 | 18,610 | 55.8 | 1,329.89 |
As of March 31, 2022 | 32,736 | 17,627 | 53.8 | 1,261.67 |
(Reference) Equity: As of March 31, 2023: ¥18,610 million As of March 31, 2022: ¥17,627 million
(3) Consolidated Cash Flows
Cash flows from | Cash flows from | |
operating activities | investing activities | |
Fiscal year ended | Million yen | Million yen |
March 31, 2023 | 2,897 | (897) |
March 31, 2022 | 426 | (696) |
Cash flows from
financing activities
Million yen
(2,085)
497
Cash and cash
equivalents at end of
period
Million yen
6,068
6,137
2. Dividends
Annual dividends | Total | Ratio of | ||||||||
Payout ratio | dividends to | |||||||||
1st | 2nd | 3rd | Year- | dividends | ||||||
Total | (consolidated) | net assets | ||||||||
quarter- | quarter- | quarter- | end | (total) | ||||||
end | end | end | (consolidated) | |||||||
Fiscal year ended | Yen | Yen | Yen | Yen | Yen | Million yen | % | % | ||
- | 25.00 | - | 97.00 | 122.00 | 1,717 | 72.7 | 10.0 | |||
March 31, 2022 | ||||||||||
Fiscal year ended | - | 76.00 | - | 114.00 | 190.00 | 2,676 | 80.3 | 14.7 | ||
March 31, 2023 | ||||||||||
Fiscal year ending | ||||||||||
March 31, 2024 | - | 53.00 | - | 61.00 | 114.00 | - | ||||
(Forecast) |
(Note) Revision to the forecast for dividends announced most recently: Yes
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 - March 31, 2024)
(% indicates changes from the previous corresponding period.)
Profit attributable | Basic earnings | ||||||||
Net sales | Operating profit | Ordinary profit | to owners of | ||||||
per share | |||||||||
parent | |||||||||
First half | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen |
26,000 | (21.5) | 1,250 | (42.9) | 1,410 | (40.9) | 910 | (43.1) | 65.10 | |
Full year | 55,400 | (17.9) | 2,710 | (38.4) | 3,060 | (35.7) | 1,980 | (40.2) | 141.64 |
* Notes:
- Changes in significant subsidiaries during the period under review: None (Changes in specified subsidiaries resulting in changes in scope of consolidation):
Newly included: - ( | ), Excluded: - ( | ) |
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards and other regulations: Yes
- Changes in accounting policies other than 1) above: None
- Changes in accounting estimates: None
- Retrospective restatement: None
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
March 31, 2023: | 14,652,600 shares |
March 31, 2022: | 14,652,600 shares |
2) Total number of treasury shares at the end of the period: | |
March 31, 2023: | 658,387 shares |
March 31, 2022: | 681,287 shares |
3) Average number of shares during the period: | |
Fiscal year ended March 31, 2023: | 13,979,305 shares |
Fiscal year ended March 31, 2022: | 13,956,612 shares |
(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 1, 2022 - March 31, 2023)
(1) Non-consolidated Operating Results | (% indicates changes from the previouscorresponding period.) | |||||||||
Net sales | Operating profit | Ordinary profit | Net income | |||||||
Fiscal year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||
March 31, 2023 | 67,358 | 14.0 | 4,446 | 46.5 | 4,847 | 44.0 | 3,432 | 51.5 | ||
March 31, 2022 | 59,110 | - | 3,035 | 125.9 | 3,367 | 113.3 | 2,265 | 120.9 | ||
Basic earnings | Diluted earnings | |||||||||
per share | per share | |||||||||
Fiscal year ended | Yen | Yen | ||||||||
March 31, 2023 | 245.55 | - | ||||||||
March 31, 2022 | 162.32 | - |
(Note) The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29), etc. from the beginning of the fiscal year ended March 31, 2022. For this reason, the year-on-year change in net sales before the application of the above accounting standard, etc. is not provided.
(2) Non-consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | |
Million yen | Million yen | % | Yen | |
As of March 31, 2023 | 33,337 | 18,591 | 55.8 | 1,328.48 |
As of March 31, 2022 | 32,521 | 17,449 | 53.7 | 1,248.94 |
(Reference) Equity: As of March 31, 2023: ¥18,591 million As of March 31, 2022: ¥17,449 million
- These consolidated financial results are outside the scope of audit by certified public accountants or an audit firm.
- Explanation on the proper use of financial results forecasts and other special notes
The financial results forecasts and other forward-looking statements herein are based on information currently available to the Company and certain assumptions that have been deemed reasonable. They do not constitute a guarantee of future results. Actual performance may differ significantly from these forecasts due to a wide range of factors. For assumptions underlying the financial results forecasts and precautions regarding their use, please refer to "1. Overview of Operating Results, etc., (4) Future Outlook" on page 4 of the Attachments.
Table of Contents - Attachments | ||
1. Overview of Operating Results, etc | 2 | |
(1) | Overview of Operating Results for the Fiscal Year under Review | 2 |
(2) | Overview of Financial Position for the Fiscal Year under Review | 3 |
(3) | Overview of Cash Flows for the Fiscal Year under Review | 3 |
(4) | Future Outlook | 4 |
(5) | Company's Medium- to Long-Term Management Strategies | 4 |
2. Basic Policy on Selection of Accounting Standards | 5 | |
3. Consolidated Financial Statements and Principal Notes | 6 | |
(1) | Consolidated Balance Sheets | 6 |
(2) | Consolidated Statements of Income and Comprehensive Income | 8 |
(3) | Consolidated Statements of Changes in Equity | 10 |
(4) | Consolidated Statements of Cash Flows | 12 |
(5) | Notes to Consolidated Financial Statements | 13 |
(Notes on going concern assumption) | 13 | |
(Changes in accounting policies) | 13 | |
(Additional information) | 13 | |
(Segment information, etc.) | 14 | |
(Per share information) | 16 | |
(Significant subsequent events) | 16 | |
4. Others | 17 | |
(1) | Purchases and Sales | 17 |
(2) | Changes in Officers | 17 |
1
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
SUZUDEN Corporation published this content on 22 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2023 05:32:08 UTC.