CONSOLIDATED BALANCE SHEETS
(Thousands of yen)
ASSETS Current assets | Sep 30, 2017 | Mar 31, 2017 | |
Cash and deposits | 5,530,752 | 5,818,150 | (287,398) |
Receivables: | |||
Notes and accounts receivable-trade | 10,440,547 | 9,248,141 | 1,192,406 |
Allowance for doubtful accounts | (15,174) | (16,924) | 1,750 |
Inventories | 7,166,145 | 5,903,252 | 1,262,893 |
Other | 1,819,123 | 1,490,855 | 328,268 |
Total current assets | 24,941,393 | 22,443,474 | 2,497,919 |
Q2/FY2017 FY2016 lnc/(Dec)
Noncurrent assets
Net property, plant and equipment | 8,391,916 | 7,782,936 | 608,980 |
Intangible assets | 517,050 | 579,864 | (62,814) |
Net defined benefit asset | 18,367 | 18,367 | |
Investments and other non-current assets | 2,914,965 | 2,513,535 | 401,430 |
Total noncurrent assets | 11,842,298 | 10,876,335 | 965,963 |
Total assets | 36,783,691 | 33,319,809 | 3,463,882 |
LIABILITIES
Current liabilities
Q2/FY2017 FY2016
Sep 30, 2017 Mar 31, 2017
lnc/(Dec)
Notes and accounts payable-trade | 6,048,896 | 4,690,101 | 1,358,795 |
Short-term loans payable | 2,376,348 | 2,364,965 | 11,383 |
Income taxes payable | 250,978 | 188,500 | 62,478 |
Provision for bonuses | 577,846 | 425,981 | 151,865 |
Other | 2,679,671 | 2,412,008 | 267,663 |
Total current liabilities | 11,933,739 | 10,081,555 | 1,852,184 |
Noncurrent liabilities
Long-term loans payable | 1,600,000 | 1,600,000 | |
Provision for product warranties | 89,553 | 89,124 | 429 |
Net defined benefit liability | 157,262 | 144,034 | 13,228 |
Other | 645,359 | 568,990 | 76,369 |
Total noncurrent liabilities | 2,492,174 | 2,402,148 | 90,026 |
Total liabilities | 14,425,913 | 12,483,703 | 1,942,210 |
NET ASSETS
Shareholders' equity
Capital stock | 3,996,269 | 3,996,269 | |
Capital surplus | 3,981,928 | 3,981,928 | |
Retained earnings | 13,436,928 | 12,642,064 | 794,864 |
Treasury stock | (778,038) | (854,955) | 76,917 |
Deposit for subscriptions to treasury shares | 1,977 | 1,977 | |
Total shareholders' equity | 20,639,064 | 19,767,283 | 871,781 |
Valuation and translation adjustments
Valuation difference on available-for-sale securities | 765,012 | 382,371 | 382,641 |
Foreign currency translation adjustment | 687,726 | 406,640 | 281,086 |
Remeasurements of defined benefit plans | 254,587 | 263,547 | (8,960) |
Total valuation and translation adjustments | 1,707,325 | 1,052,558 | 654,767 |
Subscription rights to shares | 11,389 | 16,265 | (4,876) |
Total net assets | 22,357,778 | 20,836,106 | 1,521,672 |
Total liabilities and net assets | 36,783,691 | 33,319,809 | 3,463,882 |
(Thousands of yen)
Q2/FY2017 Q2/FY2016 lnc/(Dec)
Apr'17-Sep'17 Apr'16-Sep'16
Net sales 24,765,945 20,937,127 3,828,818
Costs and expenses
Cost of sales 19,949,563 16,818,226 3,131,337
Selling, general and administrative expenses | 3,499,405 | 2,996,259 | 503, 146 |
23,448,968 | 19,814,485 | 3,634,483 | |
Operating income | 1,316,977 | 1,122,642 | 194,335 |
Other income (expenses) | |||
Interest and dividends income | 23,927 | 18,539 | 5,388 |
Interest expenses | (37,588) | (22,525) | (15,063) |
Foreign exchange gains (losses), net | 5,633 | (448,996) | 454,629 |
Other | 55,025 | (19,607) | 74,632 |
46,997 | (472,589) | 519,586 | |
Income before income taxes | 1,363,974 | 650,053 | 713,921 |
Income taxes | |||
Income taxes-current and prior periods | 289,507 | 264,732 | 24,775 |
Income taxes-deferred | 3,068 | {17,545) | 20,613 |
Total income taxes | 292,575 | 247,187 | 45,388 |
Profit (loss) | 1,071,399 | 402,866 | 668,533 |
Profit (loss) attributable to non-controlling interests | (4,263) | 4,263 | |
Profit (loss) attributable to owners of parent | 1,071,399 | 407,129 | 664,270 |
Amounts per share of common stock:
Net income | 53.14 | 20.35 | 32.79 |
Diluted net income | 52.90 | ||
Cash dividends applicable to the period | 8.00 | 6.00 | 2.00 |
Q2/FY2017 Q2/FY2016 lnc/(Dec)
Apr'17-Sep'17 Apr'16-Sep'16
Profit (loss) | 1,071,399 | 402,866 | 668,533 |
Other comprehensive income | |||
Valuation difference on available-for-sale securities | 382,641 | (33,731) | 416,372 |
Foreign currency translation adjustment | 281,086 | (1,056,625) | 1,337,711 |
Remeasurements of defined benefit plans, net of tax | {8,960) | 20,199 | {29,159) |
Total other comprehensive income | 654,767 | (1,070, 157) | 1,724,924 |
Comprehensive income | 1,726,166 | {667,291) | 2,393,457 |
Comprehensive income attributable to abstract | |||
Comprehensive income attributable to owners of the parent | 1,726,166 | (663,246) | 2,389,412 |
Comprehensive income attributable to minority interests | (4,045) | 4,045 |
Q2/FY2017
Apr'17-Sep'17
(Thousands of yen)
Q2/FY2016
Apr'16-Sep'16
Net cash provided by (used in) operating activities Income before income taxes
Adjustments to reconcile income before income taxes To net cash provided by (used in) operating activities:
Depreciation and amortization
Increase (decrease) in allowance for doubtful accounts Increase (decrease) in provision for bonuses
Increase (decrease) in provision for product warranties Increase (decrease) in net defined benefit liability
Loss (gain) on sales and retirement of noncurrent assets Foreign exchange losses (gains)
Other, net
Net changes in operating assets and liabilities
Decrease (increase) in notes and accounts receivable-trade Decrease (increase) in inventories
Decrease (increase) in other assets
Increase (decrease) in notes and accounts payable-trade Increase (decrease) in other liabilities
Income taxes (paid) refund Net cash provided by (used in) operating activities
1,363,974 650,053
909,630 799,026
(1,687) 622
147,615 101,463
(47,099)
56 7,520
31,583 22,725
(46,650) 414,593
25,192 26,136
(1,109,385) (587,198)
(1,136,910) (476,680)
(293,332) (93,768)
1,319,941 627,056
(15,242) 231,545
(211,897) (202,420)
982,888 1,473,574
Net cash provided by (used in) investment activities Proceeds from sales of property, plant and equipment Purchase of property, plant and equipment
Purchase of intangible assets
13,191
(977, 123)
(111,296)
1,657
(762,467)
(70,340)
Other, net Net cash provided by (used in) investment activities
52,577 (25,219) (1,022,651) (856,369)
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable Repayments of lease obligations
Cash dividends paid
Proceeds from issuance of subscription rights to shares
(107,398)
(240,180)
37,234
8,085
(102,958)
(159,202)
622
Other, net Net cash provided by (used in) financing activities
1,701 4,020 (308,643) (249,433)
Effect of exchange rate changes on cash and cash equivalents | 61,008 | (395,850) |
Net increase (decrease) in cash and cash equivalents | (287,398) | (28,078) |
Cash and cash equivalents at beginning of year | 5,818, 150 | 4,055,233 |
Cash and cash equivalents at end of period | 5,530,752 | 4,027,155 |
The reconciliation of cash and deposits shown in the consolidated balance sheets and cash and cash equivaler shown in the consolidated statements of cash flows are as follows:
Cash and deposits
Time deposits with maturities longer than 3 months
Cash and cash equivalents
(Thousands of yen)
Q2/FY2017 Q2/FY2016
Apr'17-Sep'17 Apr'16-Sep'16 5,530,752 4,027, 155
5,530,752 4,027,155
Yokowo Co. Ltd. published this content on 09 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 November 2017 08:48:03 UTC.
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