Summary of Consolidated Financial Statements for the Fiscal 2021 (JPGAAP)
April 28, 2022
Tokuyama Corporation | Stock exchange listings: | Tokyo |
(URLhttps://www.tokuyama.co.jp/eng/) | Local Code : | 4043 |
Representative: Hiroshi Yokota, President and Representative Director
Contact:
Tetsuya Nakano, General Manager, Corporate Communications & Investor Relations Dept. +81-3-5207-2552
Scheduled date of dividends payout :
-Preparation of supplementary quarterly explanatory materials: Yes
Quarterly business results IR briefing to be held: Yes (for institutional investors and analysts)
1. Consolidated results for fiscal year ended March, 2022 (Apr. 1, 2021 - Mar. 31, 2022)
Note: All amounts are rounded down to the nearest million yen.
(1) Performance
% indicates year-on-year changes.
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | |
Fiscal 2021 Fiscal 2020 | (millions of yen) [%]
| (millions of yen) [%]
| (millions of yen) [%]
| (millions of yen) [%]
|
(Note) Comprehensive income: FY21:
31,160 million yen [2.1%]FY20:
30,524million yen [43.4%]
Basic earnings per share | Diluted net income per share | Net income to shareholders' equity | Ordinary profit to total assets | Operating profit to net sales | |
Fiscal 2021 Fiscal 2020 | (yen) 389.09 351.11 | (yen) - - | [%] 13.2 13.4 | [%] 6.3 8.0 | [%] 8.4 10.2 |
(Reference) Equity in earnings of unconsolidated subsidiaries and affiliates: FY21: 1,043 million yen FY20: 949 million yen
(2) Financial position
Total assets | Net assets | Shareholders' equity ratio | Net assets per share | |
Mar 31, 2022 Mar 31, 2021 | (millions of yen) 433,210 386,794 | (millions of yen) 232,917 205,261 | [%] 51.8 51.3 | (yen) 3,120.25 2,758.37 |
(Reference)
Shareholders' equity:
FY21:
224,506 million yenFY20:
198,561 million yen
(Note)The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Corporate Accounting Standard No. 29, March 31, 2020), etc. effective from the beginning of the first quarter ended June 30, 2021 in accordance with transitional treatment. For more details, please refer to "3. Consolidated Financial Statements and (5) Notes on Quarterly Consolidated Financial Statements (Changes in accounting policy)" on page 22 of the Accompanying Materials to this Summary of Quarterly
Consolidated Financial Statement.
(3) Cash flows
Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Cash and cash equivalents at the end of the year | |
Fiscal 2021 Fiscal 2020 | (millions of yen) 25,986 43,314 | (millions of yen) (33,797) (19,276) | (millions of yen) 5,118 (22,530) | (millions of yen) 82,496 83,050 |
2. Dividends
Annual dividends | Total dividends paid (Total) | Dividend payout ratio (Consolidated) | Dividend on net assets ratio (Consolidated) | |||||
(Period) | 1st quarter | 2nd quarter | 3rd quarter | Year-end | Total | |||
Fiscal 2020 | (yen) -- | 35.00 | (yen) -- | (yen) 35.00 | (yen) 70.00 | (millions of yen) 4,956 | [%] 19.9 | [%] 2.7 |
Fiscal 2021 | -- | 35.00 | -- | 35.00 | 70.00 | 5,045 | 18.0 | 2.4 |
Fiscal 2022 (Forecast) | -- | 35.00 | -- | 35.00 | 70.00 | 28.8 |
3. Consolidated performance forecast for fiscal 2022 (April 1, 2022 - March 31, 2023)
(% indicates the rate of change over the corresponding previous periods respectively)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Fiscal 2022 | (millions of yen) 360,000 | [%] 22.5 | (millions of yen) 24,500 | [%] (0.2) | (millions of yen) 25,000 | [%] (3.3) | (millions of yen) 17,500 | [%] (37.5) | (yen) 243.22 |
*Notes
(1) Changes in significant subsidiaries during this period : No
(2) Changes of accounting policies, changes in accounting estimates, and retrospective restatements
i. Changes in accounting policy by revision of accounting standards: | Yes |
ii. Changes in accounting policy other than the above: | No |
iii. Changes in accounting estimates: | No |
iv. Retrospective restatements: | No |
(Note) For more details, please refer to "3. Consolidated Financial Statements and (5) Notes on Quarterly Consolidated Financial Statements (Changes in accounting policy)" on page 22 of the Accompanying Materials to this Summary of Quarterly Consolidated Financial Statement.
(3) Number of shares issued (in common stock)
i.
Number of shares issued at end of period (including treasury stock):
Fiscal 2021: 72,088,327 Fiscal 2020:
72,088,327
ii. Number of treasury stock at end of period: Fiscal 2021: 136,954 Fiscal 2020:iii.
Average number of shares over period: Fiscal 2021: 71,963,931 Fiscal 2020:
103,403 69,877,138
(Reference) Summary of Non-Consolidated Operating Results
1. Non-consolidated results for fiscal year ended March 31, 2022 (April 1, 2021 - March 31, 2022)
Note: All amounts are rounded down to the nearest million yen.
(1) Performance
% indicates year-on-year changes.
Net sales | Operating profit | Ordinary profit | Net profit | |
Fiscal 2021 Fiscal 2020 | (millions of yen) [%]
| (millions of yen) [%]
| (millions of yen) [%] 16,947 (26.7) 23,127 (9.4) | (millions of yen) [%]
|
Net profit per share | Diluted net profit per share | |
Fiscal 2021 Fiscal 2020 | (yen) 314.24 322.20 | (yen) - - |
(2) Financial position
Total assets | Net assets | Shareholders' equity ratio | Net assets per share | |
Mar 31, 2022 Mar 31, 2021 | (millions of yen) 354,316 315,154 | (millions of yen) 168,828 150,983 | [%] 47.6 47.9 | (yen) 2,346.42 2,097.44 |
(Reference) Shareholders' equity:
FY21: 168,828 million yen FY20: 150,983 million yen
(Note)The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Corporate Accounting Standard No.
29, March 31, 2020), etc. effective from the beginning of the first quarter ended June 30, 2021 in accordance with transitional treatment.
(Note) This summary of consolidated financial statements is not inside the scope of audit procedure by certified public accountants or audit corporations.
(Note) Cautions pertaining to appropriate use of performance forecast and other particular items
(Cautions related to Forward-looking statement)
The performance forecast and other forward-looking statements contained in this material have been prepared on the basis of information available at this point and certain assumptions which are judged to be rational, and may be substantially different from the actual performance because of various factors that may arise from now on.
(Access to supplementary explanations on business results)
The Company also supplementary materials "Presentation for IR Meeting" through TDnet at the same date.
Contents for Accompanying Materials | ||
1. Management Policy | ||
(1) Assessment of Operating Environment | …………… | P. 2 |
(2) Management Policy | …………… | P. 2 |
(3) Pending Issues | …………… | P. 2 |
(4) Targets of Medium-Term Management Plan 2025 | …………… | P. 5 |
2. Analysis of Operating Results and Financial Position | …………… | P. 6 |
(1) Analysis of Operating Results | …………… | P. 6 |
(2) Analysis of Financial Position | …………… | P. 12 |
(3) Achievement of Medium-Term Management Plan | …………… | P. 15 |
(4) Basic Policy for Profit Distribution and Dividends for Fiscal 2021 and 2022 | …………… | P. 15 |
3. Consolidated Financial Statements | …………… | P. 16 |
(1) Consolidated Balance Sheets | …………… | P. 16 |
(2) Consolidated Statements of Income | …………… | P. 18 |
(3) Consolidated Statements of Comprehensive Income | …………… | P. 19 |
(4) Consolidated Statements of Cash Flows | …………… | P. 20 |
(5) Notes on Consolidated Financial Statements | …………… | P. 22 |
(6) Segment Information | …………… | P. 24 |
(7) Material Subsequent Event | …………… | P. 27 |
1. Management Policy
(1) Assessment of Operating Environment
Our Tokuyama Factory's highly efficient integrated production processes are the source of our competitiveness, and energy-intensive businesses dependent on coal-fired power generation are our earnings drivers. However, changes in the industrial structure are accelerating, while a number of factors are expected to remain ongoing: changes in the social environment, including the rapid progress of the digital revolution; shrinkage in domestic demand in Japan due to the low birthrate and aging demographics; increased health awareness; growing environmental awareness and the tightening of regulations toward the realization of a recycling-based society. We therefore believe that it is essential to secure earnings power and competitiveness by building and growing businesses that branch out in new directions.
(2) Management Policy
Based on this assessment of the operating environment, we are acutely aware of the need to stay in harmony with the environment and have adopted the goal of remaining a company that creates the value that consumers demand in collaboration with its customers. We have also updated our mission statement (management philosophy): "To create a bright future in harmony with the environment, in collaboration with its customers, based on chemistry." To serve as a management policy based on our mission statement, we have also formulated the following ideals.
・ Be a value-creative company that places first priority on R&D and marketing
・ Be a company that never stops challenging new domains while refining and exploiting its unique strengths
・ Be a company with healthy employees who have healthy families and take pride in their work at their company
・ Be a company that fosters bonds with people in communities and societies worldwide
(3) Pending Issues
To serve as Tokuyama's management strategies over the medium to long term, the following three themes have been positioned as priority measures in the Medium-Term Management Plan 2025, which was formulated on February 25, 2021.
1. Transform business portfolio
Positioning electronics, health, and the environment as new growth fields, we are aiming for these to account for 50% or more of the consolidated net sales ratio. In the Chemicals and Cement business segments, we will promote increased efficiency and ensure stable profits. In the fiscal year ended March 31, 2022, the Company completed construction of
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Tokuyama Corporation published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 02:43:07 UTC.