Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Summary of Consolidated Financial Results for the Three Months Ended August 31, 2021 [Japanese GAAP]
Company name: Tama Home Co., Ltd. | October 12, 2021 |
Stock exchange listing: Tokyo,Fukuoka | |
Code number: 1419 | |
URL: https://www.tamahome.jp/ | |
Representative: Shinya Tamaki | President & Representative Director |
Contact: Shunichi Takeshita | Executive Director |
Phone: 03-6408-1200
Scheduled date of filing quarterly securities report: October 12, 2021
Scheduled date of commencing dividend payments: -
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes
(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Three Months Ended August 31, 2021 (June 01, 2021 to August 31, 2021)
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||
owners of parent | ||||||||||
Three months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||
August 31, 2021 | 52,396 | 18.5 | 2,770 | 107.5 | 2,797 | 115.4 | 1,839 | 43.4 | ||
August 31, 2020 | 44,230 | (2.2) | 1,335 | (37.0) | 1,298 | (36.2) | 1,282 | (5.4) |
(Note) Comprehensive income: | Three months ended August 31, 2021: |
Three months ended August 31, 2020: |
¥ | 1,876 million | [ | 53.3%] |
¥ | 1,224 million | [ | (6.3) %] |
Basic earnings | Diluted earnings per | ||||||
per share | share | ||||||
Three months ended | Yen | Yen | |||||
August 31, 2021 | 62.43 | - | |||||
August 31, 2020 | 43.52 | - | |||||
(2) Consolidated Financial Position | |||||||
Total assets | Net assets | Equity ratio | |||||
As of | Million yen | Million yen | % | ||||
August 31, 2021 | 99,913 | 25,145 | 25.1 | ||||
May 31, 2021 | 100,216 | 26,214 | 26.1 | ||||
(Reference) Equity: As of | August 31, 2021: | ¥ | 25,064 million | ||||
As of | May 31, 2021: | ¥ | 26,141 million |
2. Dividends
Dividend per share | |||||||||
1st | 2nd | 3rd | Year-end | Total | |||||
quarter-end | quarter-end | quarter-end | |||||||
Yen | Yen | Yen | Yen | Yen | |||||
Fiscal year ended May 31, 2021 | - | 0.00 | - | 100.00 | 100.00 | ||||
Fiscal year ending May 31, 2022 | - | ||||||||
Fiscal year ending May 31, 2022 | 0.00 | - | 110.00 | 110.00 | |||||
(Forecast) | |||||||||
(Note) Revision to the forecast for dividends | announced most | recently: | No | ||||||
(Note) Breakdown of the 1st quarter dividend for the fiscal year ending May 31, 2022 : | |||||||||
Commemorative dividend | - | yen | |||||||
Special dividend | - | yen |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending May 31, 2022(June 01, 2021 to May 31, 2022)
(% indicates changes from the previous corresponding period.)
Net sales | Operating profit | Ordinary profit | Profit attributable | Basic earnings per | ||||||||||
to owners of parent | share | |||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | ||||||
Full year | 225,000 | 3.2 | 11,300 | 2.7 | 11,300 | 1.9 | 7,300 | 1.8 | 247.83 | |||||
(Note) Revision to the financial results forecast announced most recently: | No | |||||||||||||
* Notes: | ||||||||||||||
(1) Changes in significant subsidiaries during the three months ended August 31, 2021 | ||||||||||||||
(changes in specified subsidiaries resulting in changes in scope of consolidation): | No | |||||||||||||
New | - | (Company name: - | ) | |||||||||||
Exclusion: | - | (Company name: - | ) | |||||||||||
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: | No |
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: Yes
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
August 31, 2021: | 29,455,800 | shares |
May 31, 2021: | 29,455,800 | shares |
2) Total number of treasury shares at the end of the period: | ||
August 31, 2021: | 1 | shares |
May 31, 2021: | 1 | shares |
3) Average number of shares during the period: | ||
Three months ended August 31, 2021: | 29,455,799 | shares |
Three months ended August 31, 2020: | 29,455,799 | shares |
Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets
(Million yen) | ||||
As of May 31,2021 | As of August 31,2021 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 32,681 | 29,895 | ||
Notes receivable, accounts receivable from | 1,294 | 1,381 | ||
completed construction contracts and other | ||||
Operating loans | 7,200 | 8,621 | ||
Real estate for sale | 9,234 | 6,611 | ||
Costs on construction contracts in progress | 12,054 | 14,317 | ||
Real estate for sale in process | 10,225 | 12,408 | ||
Other inventories | 599 | 567 | ||
Other | 1,321 | 1,373 | ||
Allowance for doubtful accounts | (8) | (8) | ||
Total current assets | 74,603 | 75,169 | ||
Non-current assets | ||||
Property, plant and equipment | ||||
Buildings and structures, net | 8,926 | 8,693 | ||
Machinery, equipment and vehicles, net | 3,029 | 3,029 | ||
Land | 6,587 | 6,655 | ||
Other, net | 188 | 199 | ||
Total property, plant and equipment | 18,732 | 18,578 | ||
Intangible assets | 953 | 961 | ||
Investments and other assets | ||||
Investments and other assets | 6,439 | 5,716 | ||
Allowance for doubtful accounts | (513) | (511) | ||
Total investments and other assets | 5,926 | 5,204 | ||
Total non-current assets | 25,612 | 24,744 | ||
Total assets | 100,216 | 99,913 |
(Million yen) | ||||
As of May 31,2021 | As of August 31,2021 | |||
Liabilities | ||||
Current liabilities | ||||
Notes payable, accounts payable for construction | 15,301 | 14,881 | ||
contracts and other | ||||
Short-term borrowings | 12,588 | 14,317 | ||
Current portion of long-term borrowings | 356 | 338 | ||
Income taxes payable | 2,858 | 238 | ||
Advances received on construction contracts in | 25,880 | 30,985 | ||
progress | ||||
Provision for warranties for completed | 1,341 | 1,377 | ||
construction | ||||
Provision for bonuses | 244 | 948 | ||
Other | 9,792 | 6,059 | ||
Total current liabilities | 68,363 | 69,146 | ||
Non-current liabilities | ||||
Long-term borrowings | 2,140 | 2,114 | ||
Asset retirement obligations | 1,816 | 1,815 | ||
Other | 1,681 | 1,691 | ||
Total non-current liabilities | 5,638 | 5,621 | ||
Total liabilities | 74,001 | 74,768 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 4,310 | 4,310 | ||
Capital surplus | 4,280 | 4,280 | ||
Retained earnings | 17,334 | 16,228 | ||
Treasury shares | (0) | (0) | ||
Total shareholders' equity | 25,924 | 24,818 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale | 19 | 19 | ||
securities | ||||
Deferred gains or losses on hedges | 3 | 1 | ||
Foreign currency translation adjustment | 193 | 225 | ||
Total accumulated other comprehensive income | 216 | 245 | ||
Non-controlling interests | 73 | 81 | ||
Total net assets | 26,214 | 25,145 | ||
Total liabilities and net assets | 100,216 | 99,913 |
Quarterly Consolidated Statements of Income and Comprehensive Income | |||
Quarterly Consolidated Statements of Income (For the three months) | |||
(Million yen) | |||
For the three months | For the three months | ||
ended August 31,2020 | ended August 31,2021 | ||
Net sales | 44,230 | 52,396 | |
Cost of sales | 33,666 | 39,691 | |
Gross profit | 10,563 | 12,704 | |
Selling, general and administrative expenses | 9,228 | 9,934 | |
Operating profit | 1,335 | 2,770 | |
Non-operating income | |||
Interest income | 0 | 0 | |
Dividend income | 0 | 0 | |
Purchase discounts | 15 | 14 | |
Penalty income | 20 | 20 | |
Other | 21 | 58 | |
Total non-operating income | 58 | 93 | |
Non-operating expenses | |||
Interest expenses | 62 | 28 | |
Foreign exchange losses | 0 | 14 | |
Share of loss of entities accounted for using equity | 0 | 2 | |
method | |||
Other | 32 | 19 | |
Total non-operating expenses | 94 | 66 | |
Ordinary profit | 1,298 | 2,797 | |
Extraordinary income | |||
Gain on sale of non-current assets | 0 | - | |
Foreign currency translation adjustments reversal | 31 | - | |
gains | |||
Total extraordinary income | 32 | - | |
Extraordinary losses | |||
Loss on retirement of non-current assets | 16 | 16 | |
Loss on cancellation of leases | 2 | 5 | |
Impairment losses | - | 1 | |
Total extraordinary losses | 19 | 22 | |
Profit before income taxes | 1,311 | 2,774 | |
Income taxes - current | 103 | 179 | |
Income taxes - deferred | (78) | 747 | |
Total income taxes | 25 | 927 | |
Profit | 1,286 | 1,846 | |
Profit attributable to non-controlling interests | 4 | 7 | |
Profit attributable to owners of parent | 1,282 | 1,839 |
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Tama Home Co. Ltd. published this content on 13 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2021 06:11:09 UTC.