Tomen Devices : (Delayed) Summary of Consolidated Financial Results for the Year Ended March 31, 2021

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 Consolidated Financial Results

for the Year Ended March 31, 2021

(Based on Japanese GAAP)

April 28, 2021

Company name:

TOMEN DEVICES CORPORATION

Stock exchange listing:

Tokyo

Stock code:

2737

URL https://www.tomendevices.co.jp

Representative:

President

Ichiro Tsumaki

Inquiries:

General manager,Accounting Department

Hideki Hara

TEL [phone]

Scheduled date of ordinary general meeting of shareholders:

June 23, 2021

Scheduled date to file Securities Report:

June 24, 2021

Scheduled date to commence dividend payments:

June 24, 2021

Preparation of supplementary material on financial results:

Yes

Holding of financial results meeting:

Yes

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended March 31, 2021 (from April 1, 2020 to March 31, 2021)

(1) Consolidated operating results

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Year ended March 31, 2021

302,385

16.1

4,997

10.4

4,561

4.3

3,446

1.9

Year ended March 31, 2020

260,367

19.6

4,526

28.3

4,374

65.7

3,382

77.8

Note: Comprehensive income

Year ended March 31, 2021

¥3,653 million

[13.2%]

Year ended March 31, 2020

¥3,250 million

[67.0%]

Earnings per share

Diluted earnings per

Profit attributable to

Ordinary profit/total

Operating profit/net

share

owners of

assets

sales

parent/equity

Yen

Yen

%

%

%

Year ended March 31, 2021

506.68

-

10.8

4.3

1.7

Year ended March 31, 2020

497.32

391.58

11.1

5.1

1.7

Reference: Share of profit (loss) of entities accounted for using equity method	Year ended March 31, 2021	¥15 million
					Year ended March 31, 2020	¥43 million
(2) Consolidated financial position
		Total assets	Net assets	Equity ratio	Net assets per share
			Millions of yen	Millions of yen	%	Yen
As of March 31, 2021			119,889		32,801	26.8	4,729.45
As of March 31, 2020			92,510		31,917	34.2	4,653.66
Reference: Equity	As of March 31, 2021	¥32,166 million
	As of March 31, 2020	¥31,651 million
(3) Consolidated cash flows
		Cash flows from	Cash flows from	Cash flows from	Cash and cash equivalents
		operating activities	investing activities	financing activities	at end of period
			Millions of yen	Millions of yen	Millions of yen	Millions of yen
Year ended March 31, 2021		(11,583)		(30)	11,296	9,550
Year ended March 31, 2020		9,554		(17)	(6,297)	9,904

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2. Cash dividends

							Annual dividends per share					Total cash	Dividend payout	Ratio of dividends
																to net assets
			1st quarter-end		2nd quarter-end	3rd quarter-end	Fiscal year-end		Total		dividends (Total)	ratio (Consolidated)	(Consolidated)
				Yen		Yen		Yen	Yen			Yen		Millions of yen		%	%
Year ended March 31, 2020			-		0.00			-	150.00		150.00		1,020		30.2	3.4
Year ended March 31, 2021			-		0.00			-	170.00		170.00		1,156		33.6	3.6
Year ending March 31, 2022			-		-			-	170.00		170.00					37.3
(Forecast)
(Note) Dividends per share for the year ended March 31, 2021 have changed from ¥160 to ¥170.
3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
														Percentages indicate year-on-year changes
		Net sales				Operating profit		Ordinary profit		Profit attributable to	Earnings per share
								owners of parent
	Millions of yen	%		Millions of yen	%	Millions of yen		%	Millions of yen		%		Yen
Full year		290,000	(4.1)		4,300	(14.0)		4,100	(10.1)		3,100		(10.0)		455.80
4. Notes
(1) Changes in significant subsidiaries during the year ended March 31, 2021					No
(changes in specified subsidiaries resulting in the change in scope of consolidation):
(2) 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 March 31, 2021	6,802,000	shares	As of March 31, 2020	6,802,000	shares
Number of treasury shares at the end of the period
	As of March 31, 2021	774	shares	As of March 31, 2020	666	shares
Average number of shares during the period
	Year ended March 31, 2021	6,801,264	shares	Year ended March 31, 2020	6,801,367	shares

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Reference: Summary of non-consolidated financial results
1. Non-consolidated financial results for the year ended March 31, 2021 (from April 1, 2020 to March 31, 2021)
(1) Non-consolidated operating results						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	%
Year ended March 31, 2021		146,349	19.5	1,983		38.0	1,641		37.4	1,117	36.3
Year ended March 31, 2020		122,518	4.5	1,437		(19.8)	1,194		(21.8)	819	(21.7)
			Earnings per share	Diluted earnings per share
				Yen			Yen
Year ended March 31, 2021			164.32			-
Year ended March 31, 2020			120.53			-
(2) Non-consolidated financial position
			Total assets	Net assets		Equity ratio		Net assets per share
			Millions of yen	Millions of yen			%		Yen
As of March 31, 2021				82,879			25,990			31.4	3,821.44
As of March 31, 2020				68,519			25,896			37.8	3,807.50
Reference: Equity	As of March 31, 2021	¥25,990 million
	As of March 31, 2020	¥25,896 million

• Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
• Proper use of forecasts of financial results, and other special matters

Earnings forecasts are not presented as it is difficult to reasonably calculate earnings forecasts at the time of release of this document.

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Consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of March 31, 2020	As of March 31, 2021
Assets
Current assets
Cash and deposits	6,594	3,197
Notes and accounts receivable - trade	50,605	58,070
Electronically recorded monetary claims - operating	3,765	3,958
Merchandise	22,941	43,921
Advance payments to suppliers	3,012	1,558
Deposits paid	3,309	6,352
Other	912	1,296
Allowance for doubtful accounts	(37)	(69)
Total current assets	91,104	118,286
Non-current assets
Property, plant and equipment
Buildings	114	114
Accumulated depreciation	(88)	(92)
Buildings, net	26	22
Other	136	152
Accumulated depreciation	(90)	(102)
Other, net	46	50
Total property, plant and equipment	72	73
Intangible assets	199	143
Investments and other assets
Investment securities	664	833
Deferred tax assets	320	400
Other	149	151
Total investments and other assets	1,133	1,385
Total non-current assets	1,406	1,603
Total assets		92,510	119,889

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			(Millions of yen)
		As of March 31, 2020	As of March 31, 2021
Liabilities
Current liabilities
Accounts payable - trade	37,059	45,690
Short-term borrowings	-	14,602
Income taxes payable	509	439
Advances received	9,246	10,437
Provision for bonuses	187	182
Accounts payable - other	12,028	14,722
Other	1,092	504
Total current liabilities	60,123	86,578
Non-current liabilities
Retirement benefit liability	429	470
Deferred tax liabilities	0	-
Other	38	39
Total non-current liabilities	469	510
Total liabilities	60,593	87,088
Net assets
Shareholders' equity
Share capital	2,054	2,054
Capital surplus	1,984	-
Retained earnings	27,169	29,567
Treasury shares	(1)	(1)
Total shareholders' equity	31,205	31,619
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	136	248
Deferred gains or losses on hedges	(21)	(136)
Foreign currency translation adjustment	330	434
Total accumulated other comprehensive income	445	546
Non-controlling interests	266	634
Total net assets	31,917	32,801
Total liabilities and net assets		92,510	119,889

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