Tsubakimoto Kogyo : Supplementary Materials for the Six Months Ended September 30, 2022（154KB）

Note : This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Supplementary Materials

for the Six Months Ended September 30, 2022

TSUBAKIMOTO KOGYO CO., LTD.

Contents

Summary Quarterly Consolidated Balance Sheet	・・・・・・・・・・	1
Summary Quarterly Consolidated Statement of Cash Flows	・・・・・・・・・・	1
Summary Quarterly Consolidated Statement of Income	・・・・・・・・・・	2
Net sales and operating profit by reportable segment	・・・・・・・・・・	3
Orders received and order backlog by reportable segment	・・・・・・・・・・	4
Net sales by business and region	・・・・・・・・・・	5

Summary Consolidated Balance Sheets

As of Sep. 30, 2022 (Millions of Yen)		Change from				Change from
	Mar. 31, 2022				Mar. 31, 2022
Current assets	61,547	-2,770	Current liabilities	39,960	-3,475
	Cash and deposits		17,239	-365		Trade payables	34,019	-2,729
	Trade receivables		38,375	-2,969		Advances received	4,338	-559
	Inventories		3,153	-122
	Other		2,778	+686		Other	1,601	-186
Non-current assets	12,372	-84	Non-current liabilities	2,458	-117
	Property, plant and equipment		1,975	+62		Long-term borrowings	0	0
	Intangible assets		223	+117		Retirement benefit liability	1,853	+17
	Investments and other assets		10,173	-263		Deferred tax liabilities	50	-141
	（Investment securities）		8,975	-294		Other	553	+8
					Net assets	31,501	+739
						Shareholders' equity	28,627	+901
						Accumulated other	2,667	-184
						comprehensive income
						Non-controlling interests	205	+20
Total assets		73,920	-2,853	Total liabilities and net assets	73,920	-2,853

Summary Consolidated Statement of Cash Flows

(Millions of Yen)	As of				As of
Sep. 30, 2022				Sep. 30, 2022
Cash flows from operating activities	+473	Cash flows from financing activities	-768
	Profit before income taxes	+2,452			Dividends paid	-758
	Working capital	-224			Purchase and disposal of treasury shares	+4
	Income taxes paid	-1,254			Other	-13
			Effect of exchange rate change on cash and cash equivalents	+95
	Other	-501
Cash flows from investing activities	-165				As of
			Sep. 30, 2022
	Purchase and sale of non-current assets	-84		Cash and cash equivalents
	Purchase and sale of investment securitie	-16			Cash and cash equivalents at beginning of period	+17,604
	Other	-65			Net increase (decrease) in cash and cash equivalents	-365
Free cash flow	+308			Cash and cash equivalents at end of period	+17,239

― 1―

Summary Consolidated Statement of Income （Three month comparison）

FY2023

	１Ｑ	２Ｑ
Net sales	22,830	28,907
Cost of sales	19,468	24,547
Gross profit	3,361	4,360
Selling, general and	2,542	2,912
administrative expenses
Operating profit	819	1,448
Non-operating income	168	38
Non-operating expenses	13	8
Ordinary profit	974	1,478
Extraordinary income	0	0
Extraordinary losses	0	0
Profit before income taxes	974	1,478
Total income taxes	305	500
Profit (loss) attributable	(0)	(2)
to non-controlling interests
Profit attributable to	669	980
owners of parent

FY2022

	１Ｑ	２Ｑ
Net sales	21,036	23,301
Cost of sales	17,770	19,585
Gross profit	3,265	3,716
Selling, general and	2,452	2,685
administrative expenses
Operating profit	812	1,032
Non-operating income	158	62
Non-operating expenses	16	3
Ordinary profit	954	1,091
Extraordinary income	0	0
Extraordinary losses	0	13
Profit before income taxes	954	1,077
Total income taxes	306	367
Profit (loss) attributable	0	2
to non-controlling interests
Profit attributable to	647	708
owners of parent

Change

	１Ｑ	２Ｑ
Net sales	1,794	5,606
Cost of sales	1,698	4,962
Gross profit	96	644
Selling, general and	90	227
administrative expenses
Operating profit	7	416
Non-operating income	10	(24)
Non-operating expenses	(3)	5
Ordinary profit	20	387
Extraordinary income	0	0
Extraordinary losses	0	(13)
Profit before income taxes	20	401
Total income taxes	(1)	133
Profit (loss) attributable	(0)	(4)
to non-controlling interests
Profit attributable to	22	272
owners of parent

Rate of change

	１Ｑ	２Ｑ
Net sales	108.5	124.1
Cost of sales	109.6	125.3
Gross profit	102.9	117.3
Selling, general and	103.7	108.5
administrative expenses
Operating profit	100.9	140.3
Non-operating income
Non-operating expenses
Ordinary profit	102.1	135.5
Extraordinary income
Extraordinary losses
Profit before income taxes	102.1	137.2
Total income taxes
Profit (loss) attributable
to non-controlling interests
Profit attributable to	103.6	138.4
owners of parent

(Millions of Yen)

Total

51,737

44,015

7,721

5,454

2,267

206

21

2,452

0

0

2,452

805

(2)

1,649

(Millions of Yen)

Total

44,337

37,355

6,981

5,137

1,844

220

19

2,045

0

13

2,031

673

2

1,355

(Millions of Yen)

Total

7,400

6,660

740

317

423

(14)

2

407

0

(13)

421

132

(4)

294

（％）

Total

116.7

117.8

110.6

106.2

122.9

119.9

120.6

121.6

― 2 ―

Net sales and operating profit by reportable segment

(Millions of Yen)

				Accounting period					Quarterly
			FY2019	FY2020	FY2021	FY2022	FY2023	FY2022 (Apr.2021 - Mar. 2022)	FY2023 (Apr. 2022 - Mar. 2023)
								１Ｑ	２Ｑ	３Ｑ	４Ｑ	１Ｑ	２Ｑ	３Ｑ	４Ｑ
＜Net sales＞
Eastern Japan		38,033	35,395	32,956	35,169		7,548	8,741	7,943	10,937	7,009	9,168
Headquarters
Western Japan				27,910	33,775		6,749	7,772	7,211	12,043	9,204	11,332
Headquarters			52,551	53,390
Central Japan		14,712	12,941		3,190	3,292	2,841	3,618	2,772	3,920
Headquarters
Strategic Business		19,727	18,330	15,669	16,963		3,902	4,091	4,456	4,514	4,231	4,905
Development	Center
Adjustment			(2,862)	(2,177)	(1,601)	(1,959)		(354)	(594)	(392)	(619)	(388)	(420)
Total			107,450	104,939	89,646	96,890		21,036	23,301	22,060	30,493	22,830	28,906
＜Operating profit＞
Eastern Japan		1,872	1,716	1,481	1,954		305	568	364	717	229	409
Headquarters
Western Japan				1,648	2,351		396	489	392	1,074	583	952
Headquarters			4,235	4,182
Central Japan		744	515		176	161	72	106	43	213
Headquarters
Strategic Business		629	618	494	674		132	169	235	138	184	239
Development	Center
Adjustment			(1,054)	(1,224)	(1,085)	(1,099)		(199)	(353)	(247)	(300)	(222)	(366)
Total			5,682	5,293	3,283	4,396		812	1,032	816	1,736	819	1,448

（Note）From 1Q FY2022 the Nagoya Branch was separated from the Western Japan Headquarters and the Central Japan Headquarters was established. Segment information for FY2021 has been prepared according to the new classification method.

（Millions of Yen）	＜Net sales＞					（Millions of Yen）	＜Operating profit＞
120,000							Strategic Business	7,000							Strategic Business
110,000							6,500
						Development							Development
						6,000
100,000							Center							Center
						5,500
90,000							Central Japan							Central Japan
						5,000
												Headquarters
80,000							Headquarters	4,500
70,000							Western Japan	4,000							Western Japan
						3,500
60,000													Headquarters
						Headquarters	3,000
50,000								2,500							Eastern Japan
40,000							Eastern Japan	2,000							Headquarters
30,000							Headquarters	1,500
							1,000							Adjustment
20,000
						Adjustment	500
10,000
							0
							FY2019	FY2020	FY2021	FY2022
0								(500)
(10,000)	FY2019	FY2020	FY2021	FY2022	(1,000)
							(1,500)

― 3 ―