Corporate Name: Nifco Inc. (URL:https://www.nifco.com/en/)
May 11, 2018
Stock Exchange: TSE 1st section; Code Number: 7988
President & CEO: Toshiyuki Yamamoto
Inquiries to: Junji Honda, Executive Managing Officer & CFO (+81-3-5476-4853)
Ordinary general meeting of shareholders to be held on: June 22, 2018
Dividend disbursement to be started on: June 25, 2018
Yuka Shoken Hokokusho to be submitted on: June 22, 2018
Highlight
Summary of Consolidated Financial Results for Fiscal Year Ending March 31, 2018
(These figures are rounded down to the nearest million yen.)
1. Consolidated Financial Results for FY2017 (April 1, 2017 to March 31, 2018)
(1) Consolidated financial results
(The percentages denote year-on-year change.)Net sales Million yenOperating incomeOrdinary incomeProfit attributable to owners of parent
%Million yen
%Million yenFY2017
FY2016
271,302 259,439
4.6 -2.4
30,900 29,813
3.7 8.1
30,380 28,431
% | Million yen |
21,198 | 4.1 |
20,364 | 14.8 |
%
6.9 7.8
Note: Comprehensive income:
25,964 million yen in FY2017(80.3%),14,403 million yen in FY2016(23.7%)
Profit attributable to owners of parent per share | Diluted profit attributable to owners of parent per share | Return on equity (ROE) | Ordinary income / Total assets | Operating income / Net sales | |
Yen | Yen | % | % | % | |
FY2017 FY2016 | 208.19 200.71 | 194.60 187.18 | 14.9 16.2 | 10.7 10.0 | 11.4 11.5 |
Note: The Company conducted a 2-for-1 common stock split on April 1, 2018. Profit attributable to owners of parent per share and Diluted profit attributable to owners of parent per share have been calculated as if this stock split had taken place at the beginning of the previous fiscal year.
(2) Consolidated financial position
Total assets | Net assets | Net assets ratio | Net assets per share | |
Million yen | Million yen | % | Yen | |
FY2017 FY2016 | 279,108 291,120 | 157,361 133,532 | 55.4 44.9 | 1,484.19 1,283.72 |
Reference: Equity capital: 154,607 million yen in FY2017 , 130,637 million yen in FY2016
Note: The Company conducted a 2-for-1 common stock split on April 1, 2018. Net assets per share have been calculated as if this stock split had taken place at the beginning of the previous fiscal year.
(3) Consolidated cash flows
Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Cash and cash equivalents at end of the period | |
Million yen | Million yen | Million yen | Million yen | |
FY2017 FY2016 | 28,042 36,720 | -17,425 800 | -31,112 -8,532 | 60,663 79,937 |
2. Dividends
Dividend per share | Total amount of dividends (annual) | Payout ratio (consolidated basis) | Ratio of dividends to net assets (consolidated basis) | |||||
At end of first quarter | At end of second quarter | At end of third quarter | At end of FY | FY | ||||
Yen | Yen | Yen | Yen | Yen | Million yen | % | % | |
FY2016 FY2017 | ― ― | 50.00 60.00 | ― ― | 70.00 64.00 | 120.00 124.00 | 6,097 6,386 | 29.9 29.8 | 4.8 4.5 |
FY2018 (forecast) | ― | 31.00 | ― | 31.00 | 62.00 | 29.6 |
Note: The Company conducted a 2-for-1 common stock split on April 1, 2018. Dividend per share for FY2016 and FY 2017 are the actual amount before the stock split. FY2018 (forecast) is the forecast amount after the stock split.
3. Forecasts for FY2018 (April 1, 2018 to March 31, 2019)
(The percentages denote year-on-year change.)
Net sales | Operating income | Ordinary income | Profit attributable to owners of parent | Profit attributable to owners of parent per share | |||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
FY2018 | 275,000 | 1.4 | 31,300 | 1.3 | 30,600 | 0.7 | 21,800 | 2.8 | 209.27 |
Note: The Company conducted a 2-for-1 common stock split on April 1, 2018. Profit attributable to owners of parent per share forecast has been calculated based on the number of shares outstanding (excluding treasury shares) after the stock split.
4. Others
(1) Changes in principal subsidiaries during the fiscal year (changes in specific subsidiaries, which involve changes in the scope of consolidation): None
New consolidation: -company (company name): - Exclusion: -company (company name ):-
(2) Changes in the principles and procedures of accounting concerning the preparation of consolidated financial statements and in the methods of presentation, etc. (stated in "Changes in Significant Accounting Policies for Preparing Consolidated Financial Statements")
1) Changes following the revision of accounting standards, etc.:
None
2) Changes other than 1):
None
3) Changes in accounting estimates:
None
4) Retrospective restatement:
None
(3)
Number of shares outstanding (common stocks)
1) Number of shares outstanding at end of the period (including treasury stocks):107,508,954 in FY2017; 107,508,954 in FY2016
2) Number of treasury stocks at end of the period: 3,338,967 in FY2017; 5,744,006 in FY2016
3) Number of average shares outstanding during the period: 101,825,241 in FY2017; 101,464,906 in FY2016
Note: The Company conducted a 2-for-1 common stock split on April 1, 2018. Number of shares outstanding (common stocks) has been calculated as if this stock split had taken place at the beginning of the previous fiscal year.
*This financial summary is not subject to audit procedures based on the Financial Instruments and Exchange Act. At the time of this disclosure, the audit procedures for the consolidated financial statements have not been completed.
* Proper use of forecasts and other special instructions
Forward-looking statements or projections included in this document, including earnings projections, are based on currently available information and certain premises that are judged to be rational at the time of this writing. Actual results may differ greatly from the forecast figures depending on various factors.
(Consolidated Financial Statements)
Segment Information
[Business segment information]
- For FY2016 (April 1, 2016 to March 31, 2017)
(Unit: Millions of yen)
Reportable segments | Others | Total | Elimination & corporate expenses | Consolidated figures | |||
Industrial plastic parts & components | Bedding & furniture | Total | |||||
Net sales and segment profit (loss) Net sales
| 233,260 67 | 23,593 0 | 256,853 67 | 2,586 138 | 259,439 205 | - (205) | 259,439 - |
Total | 233,327 | 23,593 | 256,921 | 2,724 | 259,645 | (205) | 259,439 |
Segment profit (loss) | 32,338 | 3,558 | 35,896 | 8 | 35,905 | (6,092) | 29,813 |
(Unit: Millions of yen)
- For FY2017 (April 1, 2017 to March 31, 2018)
Reportable segments | Others | Total | Elimination & corporate expenses | Consolidated figures | |||
Industrial plastic parts & components | Bedding & furniture | Total | |||||
Net sales and segment profit (loss) Net sales
| 246,046 59 | 25,121 0 | 271,168 59 | 133 117 | 271,302 177 | - (177) | 271,302 - |
Total | 246,106 | 25,121 | 271,228 | 251 | 271,479 | (177) | 271,302 |
Segment profit (loss) | 32,454 | 3,854 | 36,308 | 78 | 36,387 | (5,486) | 30,900 |
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Nifco Inc. published this content on 11 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 May 2018 08:17:04 UTC