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Summary of Financial Statements for the Fiscal Year Ended December 31, 2021 [IFRS]
(Consolidated)
February 18, 2022 | |||||||||||||||||||||||||||||||||
Company name: | OUTSOURCING Inc. | Stock exchange listing: Tokyo 1st Section | |||||||||||||||||||||||||||||||
Securities code: | 2427 | URL https://www.outsourcing.co.jp/en/ | |||||||||||||||||||||||||||||||
Representative: | Haruhiko Doi, Chairman and CEO | ||||||||||||||||||||||||||||||||
Contact: | Masashi Umehara, Managing Executive Officer and Head of Corporate Management Division | ||||||||||||||||||||||||||||||||
TEL +81-3-3286-4888 | |||||||||||||||||||||||||||||||||
Scheduled date of the general shareholders' meeting: | March 29, 2022 | ||||||||||||||||||||||||||||||||
Scheduled date to commence dividend payments: | March 30, 2022 | ||||||||||||||||||||||||||||||||
Annual statements filing date (as planned): | March 30, 2022 | ||||||||||||||||||||||||||||||||
Supplemental material created for annual results: | Yes | ||||||||||||||||||||||||||||||||
Briefing held for annual results: | Yes (for analysts and institutional investors) | ||||||||||||||||||||||||||||||||
(Figures less than one million yen are rounded) | |||||||||||||||||||||||||||||||||
1. Consolidated Financial Results for Fiscal Year 2021 (From January 1, 2021 to December 31, 2021) | |||||||||||||||||||||||||||||||||
a. Consolidated Financial Results | (% indicates change | from the previous fiscal year) | |||||||||||||||||||||||||||||||
Profit attributable to | Total comprehensive | ||||||||||||||||||||||||||||||||
Revenue | Operating profit | Profit before tax | Profit for the year | owners of the | |||||||||||||||||||||||||||||
income | |||||||||||||||||||||||||||||||||
Company | |||||||||||||||||||||||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||||||||||||||||||||
FY2021 | 569,325 | 55.9 | 24,186 | 82.1 | 12,003 | 55.1 | 2,204 | (17.3) | 832 | (56.5) | 7,578 | 99.9 | |||||||||||||||||||||
FY2020 | 365,135 | 1.2 | 13,282 | (3.7) | 7,741 | (35.3) | 2,667 | (67.0) | 1,910 | (73.9) | 3,791 | (50.7) | |||||||||||||||||||||
Basic earnings | Diluted earnings | Ratio of profit to equity | Ratio of profit before tax | Ratio of operating profit | |||||||||||||||||||||||||||||
attributable to owners of | |||||||||||||||||||||||||||||||||
per share | per share | to total assets | to revenue | ||||||||||||||||||||||||||||||
the Company | |||||||||||||||||||||||||||||||||
Yen | Yen | % | % | % | |||||||||||||||||||||||||||||
FY2021 | 6.60 | 6.60 | 1.3 | 3.7 | 4.2 | ||||||||||||||||||||||||||||
FY2020 | 15.17 | 15.17 | 3.2 | 2.9 | 3.6 | ||||||||||||||||||||||||||||
(Reference) Equity in earnings (or losses) of affiliates: | FY2021: | 97 million yen | FY2020: 73 million yen | ||||||||||||||||||||||||||||||
(Notes) | As the provisional accounting process related to business combination was finalized in FY2021 Q3 and Q4, 2021, the consolidated financial | ||||||||||||||||||||||||||||||||
statements for FY2020 were retrospectively adjusted. | |||||||||||||||||||||||||||||||||
b. Consolidated Financial Positions | |||||||||||||||||||||||||||||||||
Equity attributable | Ratio of equity attributable | Equity attributable | |||||||||||||||||||||||||||||||
Total assets | Total equity | to owners of the Company | to owners of the Company | ||||||||||||||||||||||||||||||
to owners of the Company | |||||||||||||||||||||||||||||||||
to total assets | per share | ||||||||||||||||||||||||||||||||
Million yen | Million yen | Million yen | % | Yen | |||||||||||||||||||||||||||||
FY2021 | 350,934 | 72,464 | 65,957 | 18.8 | 523.77 | ||||||||||||||||||||||||||||
FY2020 | 302,901 | 66,446 | 60,448 | 20.0 | 480.09 | ||||||||||||||||||||||||||||
(Notes) | As the provisional accounting process related to business combination was finalized in FY2021 Q3 and Q4, 2021, the consolidated financial | ||||||||||||||||||||||||||||||||
statements for FY2020 were retrospectively adjusted. | |||||||||||||||||||||||||||||||||
c. Consolidated Cash Flows | |||||||||||||||||||||||||||||||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash equivalents | ||||||||||||||||||||||||||||||
operating activities | investing activities | financing activities | at the end of year | ||||||||||||||||||||||||||||||
Million yen | Million yen | Million yen | Million yen | ||||||||||||||||||||||||||||||
FY2021 | 28,872 | (38,373) | (25,985) | 48,334 | |||||||||||||||||||||||||||||
FY2020 | 22,498 | (8,720) | 26,905 | 81,720 | |||||||||||||||||||||||||||||
2. Dividends | |||||||||||||||||||||||||||||||||
Annual cash dividends per share | Ratio of total amount of | ||||||||||||||||||||||||||||||||
Total | Payout ratio | dividends to equity attributable | |||||||||||||||||||||||||||||||
Q1 | Q2 | Q3 | Year-end | Annual | dividends | (consolidated) | to owners of the Company | ||||||||||||||||||||||||||
(consolidated) | |||||||||||||||||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | Million yen | % | % | ||||||||||||||||||||||||||
FY2020 | - | 0.00 | - | 10.00 | 10.00 | 1,259 | 65.0 | 2.1 | |||||||||||||||||||||||||
FY2021 | - | 0.00 | - | 31.00 | 31.00 | 3,904 | 469.7 | 6.2 | |||||||||||||||||||||||||
FY2022 (Forecast) | - | 0.00 | - | 45.00 | 45.00 | 30.6 |
3. Forecast of Consolidated Financial Results for Fiscal Year 2022 (From January 1, 2022 to December 31, 2022)
(% indicates change from the | corresponding period of | the previous | fiscal year) | |||||||||||
Profit attributable to | Basic earnings | |||||||||||||
Revenue | Operating profit | Profit before tax | Profit for the year | owners of the | ||||||||||
per share | ||||||||||||||
Company | ||||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | ||||
Half-year | 323,000 | 22.1 | 10,500 | (9.7) | 9,300 | (14.9) | 5,600 | (13.7) | 5,200 | (8.2) | 41.30 | |||
Full-year | 695,000 | 22.1 | 32,000 | 32.3 | 29,600 | 146.6 | 19,300 | 775.5 | 18,500 | - | 146.93 | |||
(Notes)
- Significant changes in subsidiaries during this period (changes in subsidiaries that cause changes in the scope of consolidation): No
- Changes in accounting policies and accounting estimates
- Changes in accounting policies required by IFRS: Yes
- Changes in accounting policies other than IFRS requirements: Yes
- Changes in accounting estimates: No
- Number of shares issued and outstanding (common stock)
- Number of shares issued and outstanding at the end of year (including treasury stock)
- Number of treasury stock at the end of year
- Average number of shares issued and outstanding
FY2021
FY2021
FY2021
125,926,800 | FY2020 | 125,909,300 |
490 | FY2020 | 490 |
125,919,933 | FY2020 | 125,877,205 |
(Reference) Overview of Non-Consolidated Financial Results
Non-Consolidated Financial Results for Fiscal Year 2021 (From January 1, 2021 to December 31, 2021) 1. Non-Consolidated Financial Results
Net | sales | Operating profit | Ordinary | profit | Profit for | the year | ||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||||||||
FY2021 | 48,489 | 16.6 | (3,093) | - | 3,447 | 40.6 | 2,798 | 6.3 | ||||||||||
FY2020 | 41,599 | (6.5) | (3,292) | - | 2,452 | (40.1) | 2,634 | (26.3) | ||||||||||
Earnings per share | Diluted earnings per share | |||||||||||||||||
Yen | Yen | |||||||||||||||||
FY2021 | 22.22 | - | ||||||||||||||||
FY2020 | 20.92 | 20.92 | ||||||||||||||||
2. Non-Consolidated Financial Positions | ||||||||||||||||||
Total | assets | Net assets | Equity | ratio | Net assets | per share | ||||||||||||
Million yen | Million yen | % | Yen | |||||||||||||||
FY2021 | 178,093 | 58,247 | 32.7 | 462.54 | ||||||||||||||
FY2020 | 163,493 | 56,361 | 34.5 | 447.63 | ||||||||||||||
(Reference) Owner's equity: | FY2021: | 58,247 million yen | FY2020: | 56,361 million yen |
Non-Consolidated Financial Results for the Fiscal Year Ended December 31, 2021 and 2020>
In the fiscal year ended December 2021, as the serious environment in business sentiment caused by COVID-19 has been recovering, net sales increased from the previous year, due to a recovery trend in major clients such as leading manufacturers. As a result, each operating profit increased compared to the previous fiscal year.
(Notes)
- This summary of financial statements is not subject to audit procedures by certified public accountants or an auditing firm.
- Statement regarding the proper use of financial forecasts and other special remarks
(Caution concerning forward-looking statements)
The forward-looking statements including financial forecasts in this summary are based on the information currently available to the Company and on assumptions believed to be reasonable by the management of the Company. These statements do not guarantee future performance of the Company, and various factors may cause the actual results to differ significantly from the forecasts.
Table of Contents for Appendix
Consolidated Financial Statements | 2 | |
(1) | Consolidated Statement of Financial Position | 2 |
(2) | Consolidated Statement of Profit or Loss | 4 |
(3) | Consolidated Statement of Cash Flows | 5 |
(4) | Notes to Consolidated Financial Statements | 7 |
[Segment Information] | 7 |
- 1 -
Consolidated Financial Statements
(1) Consolidated Statement of Financial Position
(Millions of yen) | |||
As of December 31, 2020 | As of December 31, 2021 | ||
Assets | |||
Current assets | |||
Cash and cash equivalents | 81,720 | 48,334 | |
Trade and other receivables | 55,905 | 88,061 | |
Inventories | 1,743 | 2,658 | |
Other financial assets | 11,076 | 14,652 | |
Other current assets | 9,845 | 13,493 | |
Total current assets | 160,289 | 167,198 | |
Non-current assets | |||
Property, plant, and equipment | 9,732 | 11,611 | |
Right-of-use assets | 17,491 | 21,362 | |
Goodwill | 60,886 | 86,262 | |
Intangible assets | 24,634 | 35,481 | |
Investments accounted for using equity method | 2,231 | 221 | |
Other financial assets | 18,781 | 21,508 | |
Other non-current assets | 3,747 | 1,849 | |
Deferred tax assets | 5,111 | 5,442 | |
Total non-current assets | 142,613 | 183,736 | |
Total assets | 302,901 | 350,934 | |
- 2 -
(Millions of yen) | |||
As of December 31, 2020 | As of December 31, 2021 | ||
Liabilities and equity | |||
Liabilities | |||
Current liabilities | |||
Trade and other payables | 41,365 | 62,398 | |
Bonds and borrowings | 68,050 | 88,396 | |
Lease liabilities | 16,791 | 20,395 | |
Other financial liabilities | 4,607 | 9,383 | |
Income taxes payable | 4,258 | 4,654 | |
Other current liabilities | 16,899 | 27,286 | |
Total current liabilities | 151,970 | 212,512 | |
Non-current liabilities | |||
Bonds and borrowings | 43,213 | 15,645 | |
Lease liabilities | 20,556 | 27,157 | |
Other financial liabilities | 5,845 | 8,321 | |
Retirement benefit liability | 5,403 | 3,309 | |
Provisions | 1,113 | 1,212 | |
Other non-current liabilities | 581 | 735 | |
Deferred tax liabilities | 7,775 | 9,579 | |
Total non-current liabilities | 84,486 | 65,959 | |
Total liabilities | 236,456 | 278,471 | |
Equity | |||
Share capital | 25,214 | 25,230 | |
Capital surplus | 26,647 | 26,663 | |
Treasury shares | (0) | (0) | |
Other capital surplus | (13,456) | (12,887) | |
Other components of equity | (1,187) | 4,018 | |
Retained earnings | 23,229 | 22,934 | |
Total equity attributable to owners of the Company | 60,448 | 65,957 | |
Non-controlling interests | 5,998 | 6,507 | |
Total equity | 66,446 | 72,464 | |
Total liabilities and equity | 302,901 | 350,934 | |
- 3 -
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Outsourcing Inc. published this content on 18 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2022 09:40:04 UTC.