Prospect Co. Announcement: Closing Announcement of Fiscal Year Ended March 31, 2019
[Japanese Standards] (Consolidated)
ST. PETER PORT, Guernsey, May 15, 2019 /PRNewswire/ --
May 15, 2019 | |||||||||
Name of Listed Company: | Prospect Co., Ltd. | Listed on the Tokyo Stock Exchange | |||||||
Code No.: | 3528 | ||||||||
Representative: | (Title) | Representative Director and President | (Name) Masato Tabata | ||||||
Contact Person: | (Title) | Chief of General Affairs | (Name) Jiro Taketani | TEL: 03-3470-8411 | |||||
Scheduled Date of Holding Ordinary General Meeting of Shareholders: June 27, 2019 | Scheduled Date of Commencement of Dividend Payment: - | ||||||||
Scheduled Date of Submitting Financial Report: June 27, 2019 | |||||||||
Whether supplementary explanation materials for the closing are prepared: | Yes | ||||||||
Whether explanation meeting is held for the closing: | No | ||||||||
(Indicated by rounding off an amount less than 1 million yen) | |||||||||
1 Consolidated Results for Fiscal Year Ended March 31, 2019 (From April 1, 2018 to March 31, 2019) | |||||||||
(1) Consolidated Operating Results | (% indicates the rate of increase or decrease from the previous year.) | ||||||||
Sales | Operating profit | Ordinary profit | Net profit attributable to | ||||||
(million yen) | % | (million yen) | % | (million yen) | % | (million yen) | % | ||
Fiscal Year Ended March 31, 2019 | 4,937 | △57.8 | △8,041 | - | △8,167 | - | △9,833 | - | |
Fiscal Year Ended March 31, 2018 | 11,688 | △17.4 | △1,543 | - | △1,098 | - | 1,483 | 596.5 | |
(Note) | Fiscal Year Ended March 31, 2019: | △9,669 | (million yen) | (-%) | Fiscal Year Ended March 31, 2018: | 1,497 | (million yen) | (805.80%) | |
Comprehensive income: | |||||||||
Net profit per share | Fully diluted net profit | ROE | Ordinary profit ratio | Operating profit | |||||
(yen, sen) | (yen, sen) | % | % | % | |||||
Fiscal Year Ended March 31, 2019 | △22.18 | - | △47.9 | △22.9 | △162.9 | ||||
Fiscal Year Ended March 31, 2018 | 4.46 | 4.09 | 8.0 | △3.2 | △13.2 | ||||
(Reference) Equity method investment income: | Fiscal Year Ended March 31, 2019: | △3 | (million yen) | Fiscal Year Ended March 31, 2018: | - | (million yen) |
(2) Consolidated Financial Condition | |||||||||
Total assets | Net asset | Net worth ratio | Net asset per share | ||||||
(million yen) | (million yen) | % | (yen, sen) | ||||||
Fiscal Year Ended March 31, 2019 | 30,780 | 15,750 | 49.1 | 34.04 | |||||
Fiscal Year Ended March 31, 2018 | 40,541 | 25,218 | 64 | 59.89 | |||||
(Reference) Net worth: | Fiscal Year Ended | 15,122 | (million yen) | Fiscal Year Ended | 25,944 | (million yen) | |||
(3) Status of Consolidated Cash Flow | |||||||||
Cash flow | Cash flow | Cash flow | Cash and cash equivalents | ||||||
from operating activities | from investing activities | from financing activities | at end of period | ||||||
(million yen) | (million yen) | (million yen) | (million yen) | ||||||
Fiscal Year Ended March 31, 2019 | △4,523 | △2,634 | 1,624 | 5,049 | |||||
Fiscal Year Ended March 31, 2018 | 1,864 | 961 | 2,446 | 10,651 | |||||
2 Status of Dividend | |||||||||
Annual dividend | Total dividends | Dividend payout | Ratio of dividends | ||||||
End of 1st | End of 2nd | End of 3rd | End of period | Total | (annual) | (consolidated) | (consolidated) | ||
(yen, sen) | (yen, sen) | (yen, sen) | (yen, sen) | (yen, sen) | (million yen) | % | % | ||
Fiscal Year Ended March 31, 2018 | - | - | - | 4.00 | 4.00 | 1,732 | 89.7 | 6.7 | |
Fiscal Year Ended March 31, 2019 | - | - | - | - | - | - | - | - | |
Fiscal Year Ending March 31, 2020 | - | - | - | 1.00 | 1.00 | - | |||
(Forecast) | |||||||||
3. Expected Consolidated Results for Fiscal Year Ending March 31, 2020 (From April 1, 2019 to March 31, 2020)
The Company Group has proactively engaged in the biomass related business in Russia, also has expanded its Asset Management and Overseas Real Estate Development Division as one of its important segments. As these businesses tend to be significantly affected by changes in economic conditions and market environment, both domestically and abroad, it is extremely difficult to properly forecast ordinary business results. The Company has adopted a policy to make timely disclosure of closing business results and a summary of the businesses to be conducted on a quarterly basis, and not to disclose a forecast of consolidated business results.
* Precautions
(1) Changes in material subsidiaries during the year (changes in specified subsidiaries accompanying changes in scope of consolidation): Yes
New: --- (Company Name: ---), Exclusion: 1 (Company Name: Kidoh Construction CO., LTD)
(2) Changes in accounting policy, changes in accounting estimate and restatement
[1] Changes in accounting policy in connection with the amendment of accounting standards, etc.: None
[2] Changes in accounting policy other than [1]above: None
[3] Changes in accounting estimate: None
[4] Restatement: None
(3) Number of outstanding shares (common stocks)
[1] Number of outstanding shares at the end | Fiscal Year Ended | 447,090,984 | shares | Fiscal Year Ended | 435,992,628 | shares |
[2] Number of treasury stocks at the end of term: | Fiscal Year Ended | 2,780,118 | shares | Fiscal Year Ended | 2,779,484 | shares |
[3] Average number of shares during the term: | Fiscal Year Ended | 443,397,949 | shares | Fiscal Year Ended | 332,687,200 | shares |
(Reference) Overview of Individual Business Results | |||||||||
1 Individual Results for Fiscal Year Ended March 31, 2019 (From April 1, 2018 to March 31, 2019) | |||||||||
(1) Individual Operating Results | (% indicates the rate of increase or decrease from the previous year) | ||||||||
Sales | Operating profit | Ordinary profit | Net profit | ||||||
(million yen) | % | (million yen) | % | (million yen) | % | (million yen) | % | ||
Fiscal Year Ended March 31, 2019 | 3,985 | △21.9 | △751 | - | △1,522 | - | △8,190 | - | |
Fiscal Year Ended March 31, 2018 | 5,103 | △22.3 | △1,123 | - | △299 | - | △335 | - | |
Net profit per share | Fully diluted net profit per share | ||||||||
(Yen, Sen) | (Yen, Sen) | ||||||||
Fiscal Year Ended March 31, 2019 | △18.47 | - | |||||||
Fiscal Year Ended March 31, 2018 | △1.01 | - | |||||||
(2) Individual Financial Condition | |||||||||
Total assets | Net asset | Net worth ratio | Net asset per share | ||||||
(million yen) | (million yen) | % | (Yen, Sen) | ||||||
Fiscal Year Ended March 31, 2019 | 21,221 | 16,018 | 72.2 | 34.5 | |||||
Fiscal Year Ended March 31, 2018 | 32,799 | 25,396 | 75.3 | 56.98 | |||||
(Reference) Net worth: | Fiscal Year Ended | 15,329 | (million yen) | Fiscal Year Ended | 24,686 | (million yen) | |||
- Closing announcements are not subject to audit by a certified public accountant or an audit corporation.
- Explanation about Appropriate Use of the Forecast of Business Results and other Matters to be Noted
(Matters to be Noted for Statement about the Future, etc.)
Description regarding the future such as the forecast of business results stated in this material is based on information which the Company has currently obtained and certain assumptions that the Company determines to be reasonable, and does not make assurances of the achievement thereof by the Company. Also, actual results, etc., may significantly differ from the forecast depending on various factors. (For the conditions constituting the precondition of the forecast of business results and the matters to be noted, etc., in using the forecast of business results, refer to "1. Overview of Business Results, Etc., (4) Future Outlook" on p. 4 of the attached materials.) (the documents are currently being translated into English)
(How to Obtain Supplementary Explanation Material for the Closing)
The supplementary explanation material for the closing is disclosed via TDnet as of the same day.
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