Corporate Name: Nifco Inc. (URL: https://www.nifco.com/en/) | July 27, 2020 |
Stock Exchange: TSE 1st section; Code Number: 7988 | |
President & CEO: Toshiyuki Yamamoto | |
Inquiries to: Junji Honda, Executive Managing Officer & CFO (+81-3-5476-4853) | |
Shihanki-Hokokusho to be submitted on: August 7, 2020 |
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Summary of Consolidated Financial Results
for First Quarter of Fiscal Year Ending March 31, 2021
(These figures are rounded down to the nearest million yen.)
1. Consolidated Financial Results for First Quarter of FY2020 (April 1 to June 30, 2020)
(1) Consolidated financial results
Net sales | Operating profit | Ordinary profit | ||||||||
Million yen | % | Million yen | % | Million yen | % | |||||
First Qtr. FY2020 | 57,280 | -20.5 | 4,028 | -44.3 | 4,295 | -38.1 | ||||
First Qtr. FY2019 | 72,027 | 5.1 | 7,235 | -2.3 | 6,934 | -11.7 | ||||
Note: | Comprehensive income: -2,991 million yen in First Qtr. FY2020 (-161.1%), | 4,894 million yen in First Qtr. FY2019 | ||||||||
(1233.3%) | ||||||||||
Profit attributable to | Profit attributable to owners of | Diluted profit attributable to | ||||||||
owners of parent | parent per share | owners of parent per share | ||||||||
Million yen | % | Yen | Yen | |||||||
First Qtr. FY2020 | 1,825 | -57.3 | 17.94 | 17.94 | ||||||
First Qtr. FY2019 | 4,271 | -18.9 | 41.39 | 39.90 |
(2) Consolidated financial position
Total assets | Net assets | Net assets ratio | Net assets per share | ||
Million yen | Million yen | % | Yen | ||
First Qtr. FY2020 | 278,354 | 160,838 | 57.1 | 1,566.33 | |
FY2019 | 304,184 | 168,786 | 54.8 | 1,630.57 | |
Reference: Equity capital: | 159,051 million yen in First Qtr. FY2020, | 166,658 million yen in FY2019 |
2. Dividends
Dividend per share | |||||||||||
At end of first | At end of second | At end of third | At end of FY | FY | |||||||
quarter | quarter | quarter | |||||||||
Yen | Yen | Yen | Yen | Yen | |||||||
FY2019 | ― | 31.00 | ― | 31.00 | 62.00 | ||||||
FY2020 | ― | ||||||||||
FY2020 (forecast) | ― | ― | ― | ― | |||||||
Note: Revision of | the latest forecast of cash dividends: None |
3. Forecasts for FY2020 (April 1, 2020 to March 31, 2021) | (The percentages denote year-on-year change.) | |||||||||||
Profit attributable to | Profit attributable | |||||||||||
Net sales | Operating profit | Ordinary profit | to owners of | |||||||||
owners of parent | ||||||||||||
parent per share | ||||||||||||
Million | % | Million | % | Million | % | Million yen | % | Yen | ||||
yen | yen | yen | ||||||||||
FY2020 | 224,000 | -22.2 | 13,500 | -54.6 | 13,800 | -52.0 | 9,000 | -50.9 | 88.63 | |||
Note: | Revision of the latest forecasts: Yes |
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4. Others
- 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): - |
- Adoption of specific accounting policies for quarterly consolidated financial statement: Yes
- 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): | Yes |
3) | Changes in accounting estimates: | Yes |
4) | Retrospective restatement: | None |
- Number of shares outstanding (common stocks)
- Number of shares outstanding at end of the period (including treasury stocks): 107,508,954 in First Qtr. FY2020; 107,508,954 in FY2019.
- Number of treasury stocks at end of the period: 5,965,094 in First Qtr. FY2020; 5,300,563 in FY2019.
- Average number of shares outstanding during the period: 101,772,558 in First Qtr. FY2020; 103,179,323 in First Qtr. FY2019.
*Quarterly financial results reports are exempt from quarterly review conducted by certificated public accountants or an audit corporation.
- 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 the First Quarter of FY2019 (April 1 to June 30, 2019) | (Unit: Millions of yen) | |||||
Reportable segments | Elimination | |||||
Consolidated | ||||||
Industrial plastic parts | Bedding & | Total | & corporate | |||
Total | figures | |||||
& components | furniture | expenses | ||||
Net sales and segment profit (loss) | ||||||
Net sales | ||||||
(1) Sales to customers | 66,018 | 6,009 | 72,027 | 72,027 | - | 72,027 |
(2) Inter-segment sales | - | - | - | - | - | - |
Total | 66,018 | 6,009 | 72,027 | 72,027 | - | 72,027 |
Segment profit (loss) | 7,821 | 826 | 8,647 | 8,647 | (1,412) | 7,235 |
- For the First Quarter of FY2020 (April 1 to June 30, 2020) | (Unit: Millions of yen) | |||||
Reportable segments | Elimination | |||||
Consolidated | ||||||
Industrial plastic parts | Bedding & | Total | & corporate | |||
Total | figures | |||||
& components | furniture | expenses | ||||
Net sales and segment profit (loss) | ||||||
Net sales | ||||||
(1) Sales to customers | 52,048 | 5,231 | 57,280 | 57,280 | - | 57,280 |
(2) Inter-segment sales | - | - | - | - | - | - |
Total | 52,048 | 5,231 | 57,280 | 57,280 | - | 57,280 |
Segment profit (loss) | 4,852 | 341 | 5,193 | 5,193 | (1,165) | 4,028 |
In the first quarter of FY2020, the segment classification "Others" was abolished. Purchasing on the accounts receivable and various service operations were consolidated into the "Industrial plastic parts & components" segment.
The segment information for the first quarter of FY 2019 has been prepared based on this new segmentation.
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Nifco Inc. published this content on 27 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2020 09:35:17 UTC