Canon Electronics Inc.
Semi-Annual Report 2022(Unaudited)
Consolidated Financial Highlights
Millions of yen (Amounts less than one million yen are truncated)
Six months of FY2021 | Six months of FY2022 | |
(from January 1, 2021 | (from January 1, 2022 | |
to June 30, 2021) | to June 30, 2022) | |
Net sales | ||
Component | 20,854 | 26,150 |
Electronic Information Appliance | 13,204 | 14,440 |
Other | 5,336 | 4,871 |
Total | 39,395 | 45,462 |
Profit attributable to owners of parent | 2,538 | 2,855 |
Six months of FY2021 | Six months of FY2022 | |
(from January 1, 2021 | (from January 1, 2022 | |
to June 30, 2021) | to June 30, 2022) | |
Basic earnings per share | 62.14 yen | 69.87 yen |
Diluted earnings per share | ― | ― |
Millions of yen | ||
(Amounts less than one million yen are truncated) | ||
As of December 31, 2021 | As of June 30, 2022 | |
Total assets | 126,268 | 130,183 |
Net assets | 102,898 | 106,158 |
― 1 ―
Consolidated Quarterly Balance Sheets
Millions of yen (Amounts less than one million yen are truncated)
As of December 31, 2021 | As of June 30, 2022 | |
Assets | ||
Current assets | ||
Cash and deposits | 23,626 | 20,932 |
Notes and accounts receivable - trade | 23,722 | - |
Notes and accounts receivable - trade, and contract assets | - | 25,925 |
Investments in leases | 333 | 259 |
Merchandise and finished goods | 3,579 | 3,989 |
Work in process | 7,559 | 10,321 |
Raw materials and supplies | 289 | 257 |
Short-term loans receivable | 20,000 | 20,000 |
Other | 2,588 | 2,316 |
Total current assets | 81,699 | 84,003 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 12,798 | 12,878 |
Machinery, equipment and vehicles, net | 2,620 | 2,472 |
Tools, furniture and fixtures, net | 3,936 | 4,061 |
Land | 18,489 | 18,600 |
Leased assets, net | 5 | 639 |
Construction in progress | 1,210 | 2,216 |
Total property, plant and equipment | 39,061 | 40,868 |
Intangible assets | 1,556 | 1,635 |
Investments and other assets | ||
Investment securities | 2,036 | 2,005 |
Deferred tax assets | 1,291 | 1,017 |
Other | 622 | 653 |
Allowance for doubtful accounts | (0) | (0) |
Total investments and other assets | 3,950 | 3,676 |
Total non-current assets | 44,569 | 46,180 |
Total assets | 126,268 | 130,183 |
― 2 ―
Consolidated Quarterly Balance Sheets
Millions of yen (Amounts less than one million yen are truncated)
As of December 31, 2021 | As of June 30, 2022 | |
Liabilities | ||
Current liabilities | ||
Accounts payable - trade | 11,424 | 13,752 |
Electronically recorded obligations - operating | 771 | 841 |
Lease obligations | 192 | 189 |
Accrued expenses | 1,261 | 1,236 |
Income taxes payable | 2,008 | 1,316 |
Provision for bonuses | 427 | 432 |
Provision for bonuses for directors (and other officers) | 63 | 27 |
Provision for loss on order received | 14 | 10 |
Other | 2,620 | 1,765 |
Total current liabilities | 18,784 | 19,572 |
Non-current liabilities | ||
Long-term borrowings | 3,200 | 3,200 |
Lease obligations | 139 | 741 |
Provision for retirement benefits for directors (and other officers) | 200 | 200 |
Retirement benefit liability | 1,019 | 260 |
Deferred tax liabilities | 25 | 49 |
Other | 0 | 1 |
Total non-current liabilities | 4,585 | 4,453 |
Total liabilities | 23,370 | 24,025 |
Net assets | ||
Shareholders' equity | ||
Share capital | 4,969 | 4,969 |
Capital surplus | 9,435 | 9,556 |
Retained earnings | 88,497 | 90,328 |
Treasury shares | (2,503) | (2,482) |
Total shareholders' equity | 100,399 | 102,371 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 319 | 297 |
Foreign currency translation adjustment | 730 | 2,210 |
Remeasurements of defined benefit plans | (1,231) | (1,138) |
Total accumulated other comprehensive income | (181) | 1,368 |
Non-controlling interests | 2,680 | 2,417 |
Total net assets | 102,898 | 106,158 |
Total liabilities and net assets | 126,268 | 130,183 |
― 3 ―
Consolidated Quarterly Statements of Income
Millions of yen (Amounts less than one million yen are truncated)
Six months of FY2021 | Six months of FY2022 | |
(from January 1, 2021 | (from January 1, 2022 | |
to June 30, 2021) | to June 30, 2022) | |
Net sales | 39,395 | 45,462 |
Cost of sales | 30,774 | 36,815 |
Gross profit | 8,621 | 8,646 |
Selling, general and administrative expenses | 5,667 | 6,050 |
Operating profit | 2,953 | 2,596 |
Non-operating income | ||
Interest and dividend income | 47 | 63 |
Subsidy income | 96 | 23 |
Foreign exchange gains | 271 | 1,050 |
Other | 10 | 25 |
Total non-operating income | 426 | 1,163 |
Non-operating expenses | ||
Interest expenses | 1 | 17 |
Share issuance costs | 16 | 1 |
Other | 1 | 3 |
Total non-operating expenses | 19 | 21 |
Ordinary profit | 3,360 | 3,737 |
Extraordinary income | ||
Gain on sale of non-current assets | 2 | 0 |
Total extraordinary income | 2 | 0 |
Extraordinary losses | ||
Loss on sale and retirement of non-current assets | 2 | 7 |
Total extraordinary losses | 2 | 7 |
Profit before income taxes | 3,360 | 3,730 |
Income taxes - current | 1,122 | 1,158 |
Income taxes - deferred | 56 | 258 |
Total income taxes | 1,178 | 1,417 |
Profit | 2,181 | 2,313 |
Loss attributable to non-controlling interests | (356) | (541) |
Profit attributable to owners of parent | 2,538 | 2,855 |
― 4 ―
Consolidated Quarterly Statements of Comprehensive Income
Millions of yen (Amounts less than one million yen are truncated)
Six months of FY2021 | Six months of FY2022 | |
(from January 1, 2021 | (from January 1, 2022 | |
to June 30, 2021) | to June 30, 2022) | |
Profit | 2,181 | 2,313 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | (89) | (22) |
Foreign currency translation adjustment | 459 | 1,479 |
Remeasurements of defined benefit plans, net of tax | 94 | 93 |
Total other comprehensive income | 464 | 1,550 |
Comprehensive income | 2,646 | 3,863 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 3,003 | 4,405 |
Comprehensive income attributable to non-controlling interests | (356) | (541) |
― 5 ―
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Canon Electronics Inc. published this content on 26 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 08:00:04 UTC.