Consolidated Financial Results for the Fiscal Year 2017 (April 1, 2017 to March 31, 2018)

Transcription

1 Consolidated Financial Results for the Fiscal Year 2017 (April 1, 2017 to March 31, 2018) April 26, 2018 Company name : Godo Steel, Ltd. Stock exchange listing : Tokyo Stock Exchange Code number : 5410 URL : Representative : Takayoshi Meiga, Chairman and CEO Contact : Hiroshi Uchida, Executive Officer, General Manager of Corporate Planning Department and General Manager of Accounting Department Phone : Scheduled date of holding annual shareholders' meeting : June 27, 2018 Scheduled date of filing securities report : June 27, 2018 Scheduled date of commencing dividend payments : June 8, 2018 Availability of supplementary briefing material on annual financial results : No Schedule of annual financial results briefing session : Yes (for securities analysts) (Amounts of less than one million yen are rounded down.) 1. Consolidated Financial Results for the Fiscal Year 2017 (April 1, 2017 to March 31, 2018) (1) Consolidated Operating Results (% indicates changes from the previous corresponding period.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Million yen % Million yen % Million yen % Million yen % FY , ,766 (24.4) 2,147 (22.2) 4, FY ,465 (0.6) 2,336 (46.3) 2,761 (48.3) 1,979 (65.1) (Note) Comprehensive income: FY 2017: 4,327 million [2.1%] FY 2016: 4,239 million [(1.3)%] Basic earnings Diluted earnings Rate of return on equity Return on assets Return on sales Yen Yen % % % FY FY (Reference) Equity in earnings of affiliates: FY 2017: 55 million FY 2016: 126 million Accordingly, the basic earnings have been calculated on the assumption that the said share consolidation was conducted at the beginning of FY (2) Consolidated Financial Position Total assets Net assets Equity ratio Net assets Million yen Million yen % Yen FY ,757 88, , FY ,450 85, , (Reference) Equity: FY 2017: 88,364 million FY 2016: 84,582 million

2 (3) Consolidated Statements of Cash Flows Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents Million yen Million yen Million yen Million yen FY 2017 (2,459) (1,628) 3,077 3,012 FY (3,131) (2,845) 4, Dividends 1st quarter-end 2nd quarter-end Annual dividends 3rd quarter-end Year-end Total Total dividends Payout ratio (consolidated) Dividends to net assets (consolidated) Yen Yen Yen Yen Yen Million yen % % FY FY , FY 2018 (Forecast) Accordingly, the total annual dividend for FY 2016 is presented as. (If converted taking the share consolidation into consideration, the total annual dividend for FY 2016 would be 40.) 3. Consolidated Financial Results Forecast for the FY 2018 (April 1, 2018 to March 31, 2019) (% indicates changes from the previous corresponding period.) Net sales Operating Ordinary Profit attributable to Basic earnings profit profit owners of parent Million yen % Million yen % Million yen % Million yen % Yen Q2 FY 2018 (cumulative) 74, , , , FY , , , ,000 (19.0) Notes: (1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in scope of consolidation): No (2) Changes in accounting policies, changes in accounting estimates and retrospective restatement 1) Changes in accounting policies due to the revision of accounting standards: No 2) Changes in accounting policies other than 1) above: No 3) Changes in accounting estimates: No 4) Retrospective restatement: No (3) Total number of issued shares (common shares) 1) Total number of issued shares at the end of the period (including treasury shares): FY 2017: 17,145,211 shares FY 2016: 17,145,211 shares 2) Total number of treasury shares at the end of the period: FY 2017: 2,514,473 shares FY 2016: 2,513,213 shares 3) Average number of shares during the period (cumulative): FY 2017: 14,631,458 shares FY 2016: 14,968,585 shares

3 Accordingly, the average number of shares during the period has been calculated on the assumption that the said share consolidation was conducted at the beginning of FY (Reference) Non-consolidated Results 1. Summary of Non-consolidated Results for the FY 2017 (April 1, 2017 to March 31, 2018) (1) Non-consolidated Operating Results (% indicates changes from the previous corresponding period.) Net sales Operating profit Ordinary profit Profit Million yen % Million yen % Million yen % Million yen % FY , (11.6) 1,403 (4.5) 3, FY ,417 (8.1) 1,035 (70.6) 1,469 (64.5) 1,231 (82.6) Basic earnings Diluted earnings Yen Yen FY FY Accordingly, the basic earnings have been calculated on the assumption that the said share consolidation was conducted at the beginning of FY (2) Non-consolidated Financial Position Total assets Net assets Equity ratio Net assets Million yen Million yen % Yen FY ,949 69, , FY ,613 66, , (Reference) Equity: FY 2017: 69,352 million FY 2016: 66,663 million * These financial results are outside the scope of audit by a certified public accountant or an audit corporation. * Explanation of the proper use of financial results forecast and other notes (Explanation of the proper use of future forecast information) The future-related statements set forth in this document contain forecasts based on assumptions, prospects, as well as plans for future events as of the date of publication of this document. Actual results may differ significantly from these forecasts due to a wide range of factors.

4 Consolidated Financial Statements (1) Consolidated Balance Sheets FY 2016 (As of March 31, 2017) (Million yen) FY 2017 (As of March 31, 2018) Assets Current assets Cash and deposits 4,023 3,012 Notes and accounts receivable - trade 32,670 49,698 Inventories 20,431 23,795 Deferred tax assets Other Total current assets 58,567 77,904 Non-current assets Property, plant and equipment Buildings and structures, net 11,084 10,866 Machinery, equipment and vehicles, net 15,115 14,685 Tools, furniture and fixtures, net Land 50,737 50,243 Leased assets, net Construction in progress Total property, plant and equipment 77,797 76,432 Intangible assets Investments and other assets Investment securities 19,377 17,634 Long-term loans receivable Deferred tax assets 5 72 Net defined benefit asset 2,525 2,562 Other Allowance for doubtful accounts (70) (65) Total investments and other assets 22,607 20,812 Total non-current assets 100,882 97,853 Total assets 159, ,757 Liabilities Current liabilities Notes and accounts payable - trade 16,207 26,848 Short-term loans payable 18,574 25,207 Lease obligations Income taxes payable Provision for bonuses 1,240 1,215 Provision for environmental measures Other 5,709 6,347 Total current liabilities 42,185 60,097 Non-current liabilities Long-term loans payable 17,539 14,535 Lease obligations Deferred tax liabilities 2, Deferred tax liabilities for land revaluation 6,811 6,811 Provision for directors retirement benefits Provision for environmental measures Net defined benefit liability 4,307 4,353 Other Total non-current liabilities 32,090 26,685 Total liabilities 74,276 86,783 1

5 FY 2016 (As of March 31, 2017) FY 2017 (As of March 31, 2018) Net assets Shareholders equity Capital stock 34,896 34,896 Capital surplus 13,005 13,005 Retained earnings 35,409 39,146 Treasury shares (4,707) (4,709) Total shareholders equity 78,604 82,338 Accumulated other comprehensive income Valuation difference on available-for-sale securities 2,473 1,617 Deferred gains or losses on hedges (0) (2) Revaluation reserve for land 3,820 4,507 Remeasurements of defined benefit plans (314) (95) Total accumulated other comprehensive income 5,978 6,025 Non-controlling interests Total net assets 85,173 88,974 Total liabilities and net assets 159, ,757 2

6 (2) Consolidated Statements of Income FY 2016 (From April 1, 2016 to March 31, 2017) (Million yen) FY 2017 (From April 1, 2017 to March 31, 2018) Net sales 99, ,779 Cost of sales 86, ,175 Gross profit 13,092 13,604 Selling, general and administrative expenses 10,755 11,838 Operating profit 2,336 1,766 Non-operating income Interest income 1 0 Dividend income Rent income Share of profit of entities accounted for using equity method Other Total non-operating income Non-operating expenses Interest expenses Rent expenses on non-current assets Other Total non-operating expenses Ordinary profit 2,761 2,147 Extraordinary income Gain on sales of non-current assets Gain on sales of investment securities Total extraordinary income 82 1,114 Extraordinary losses Loss on sales of non-current assets - 19 Loss on retirement of non-current assets Impairment loss Loss on valuation of golf club membership 38 - Loss of inactive facilities - 72 Employee s condolence money 90 - Other 3 11 Total extraordinary losses Profit before income taxes 2,479 2,914 Income taxes - current Income taxes - deferred 215 (2,353) Total income taxes 453 (2,050) Profit 2,026 4,965 Profit attributable to non-controlling interests Profit attributable to owners of parent 1,979 4,935 3