Tomen Devices : Summary of Consolidated Financial Results for the Year Ended March 31, 2023 （163KB）

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, 2023

(Based on Japanese GAAP)

April 27, 2023

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 22, 2023

Scheduled date to file Securities Report:

June 23, 2023

Scheduled date to commence dividend payments:

June 23, 2023

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, 2023 (from April 1, 2022 to March 31, 2023)

(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, 2023

417,621

(9.8)

12,230

15.1

6,589

(22.3)

4,906

(23.1)

Year ended March 31, 2022

462,822

53.1

10,629

112.7

8,478

85.9

6,379

85.1

Note: Comprehensive income

Year ended March 31, 2023

¥6,874 million

[(12.6)%]

Year ended March 31, 2022

¥7,864 million

[115.3%]

Earnings per share

Profit attributable to

Ordinary profit/total

Operating profit/net sales

owners of parent/equity

assets

Yen

%

%

%

Year ended March 31, 2023

721.37

12.0

5.9

2.9

Year ended March 31, 2022

938.04

18.0

7.2

2.3

Reference: Share of profit (loss) of entities accounted for using equity method

Year ended March 31, 2023

¥(7) million

Year ended March 31, 2022

¥39 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, 2023

107,177

44,198

40.3

6,353.93

As of March 31, 2022

116,990

39,364

33.0

5,673.96

Reference: Equity

As of March 31, 2023

¥43,213 million

As of March 31, 2022

¥38,589 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, 2023

(4,961)

(263)

8,584

12,137

Year ended March 31, 2022

5,896

(183)

(7,597)

8,216

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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, 2022	-	0.00	-	300.00	300.00	2,040	32.0	5.8
Year ended March 31, 2023	-	0.00	-	300.00	300.00	2,040	41.6	5.0
Year ending March 31, 2024	-	0.00	-	240.00	240.00		40.8
(Forecast)

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)

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	370,000	(11.4)	7,000	(42.8)	5,500	(16.5)		4,000	(18.5)	588.15
4. Notes
(1) Changes in significant subsidiaries during the year ended March 31, 2023			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, 2023	6,802,000	shares	As of March 31, 2022	6,802,000	shares
Number of treasury shares at the end of the period
	As of March 31, 2023	963	shares	As of March 31, 2022	935	shares
Average number of shares during the period
	Year ended March 31, 2023	6,801,042	shares	Year ended March 31, 2022	6,801,137	shares

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Reference: Summary of non-consolidated financial results
1. Non-consolidated financial results for the year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)
(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, 2023		202,778	(7.7)	7,196		47.5	3,276		(5.1)	2,292	(4.2)
Year ended March 31, 2022		219,666	50.1	4,880		146.1	3,451		110.3	2,394	114.2
			Earnings per share
				Yen
Year ended March 31, 2023			337.09
Year ended March 31, 2022			352.02
(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, 2023				67,964			27,702			40.8	4,073.33
As of March 31, 2022				98,659			27,056			27.4	3,978.21
Reference: Equity	As of March 31, 2023	¥27,702 million
	As of March 31, 2022	¥27,056 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

The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Consequently, any statements herein do not constitute assurances regarding actual results by the Company. Actual business and other results may differ substantially due to various factors.

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Consolidated financial statements

Consolidated balance sheets

		(Millions of yen)
	As of March 31, 2022	As of March 31, 2023
Assets
Current assets
Cash and deposits	6,713	7,489
Notes and accounts receivable - trade	58,574	51,292
Electronically recorded monetary claims - operating	7,099	2,851
Merchandise	40,163	35,994
Advance payments to suppliers	208	2,637
Deposits paid	1,503	4,647
Other	809	505
Allowance for doubtful accounts	(72)	(67)
Total current assets	114,998	105,352
Non-current assets
Property, plant and equipment
Buildings	115	115
Accumulated depreciation	(95)	(97)
Buildings, net	20	17
Other	514	640
Accumulated depreciation	(135)	(347)
Other, net	379	292
Total property, plant and equipment	399	309
Intangible assets	82	94
Investments and other assets
Investment securities	760	823
Deferred tax assets	565	434
Other	183	163
Total investments and other assets	1,509	1,421
Total non-current assets	1,991	1,825
Total assets	116,990	107,177

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		(Millions of yen)
	As of March 31, 2022	As of March 31, 2023
Liabilities
Current liabilities
Accounts payable - trade	47,884	37,930
Short-term borrowings	9,500	20,563
Income taxes payable	1,249	488
Advances received	425	175
Provision for bonuses	330	282
Accounts payable - other	14,981	2,115
Other	2,722	708
Total current liabilities	77,094	62,264
Non-current liabilities
Retirement benefit liability	490	509
Deferred tax liabilities	0	-
Other	40	204
Total non-current liabilities	531	714
Total liabilities	77,625	62,978
Net assets
Shareholders' equity
Share capital	2,054	2,054
Retained earnings	34,786	37,652
Treasury shares	(2)	(2)
Total shareholders' equity	36,838	39,703
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	177	231
Deferred gains or losses on hedges	(237)	103
Foreign currency translation adjustment	1,810	3,174
Total accumulated other comprehensive income	1,750	3,509
Non-controlling interests	775	985
Total net assets	39,364	44,198
Total liabilities and net assets	116,990	107,177

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