Prospect Japan Fund Ltd: Closing Announcement of Second Quarter of the Fiscal Year Ending March 31, 2018
[Japanese Standards] (Consolidated)
ST PETER PORT, Guernsey, Nov. 13, 2017 /PRNewswire/ --
Prospect Co., Ltd. (Tokyo: 3528) http://www.prospectjapan.co.jp
| 1. Consolidated Results for Second Quarter of Fiscal Year Ending March 31, 2018 (From April 1, 2017 to September 30, 2017) |
|||||||||||||||
| (1) Consolidated Operating Results (cumulative) (% indicates the rate of increase or decrease from the same quarter of the previous year.) |
|||||||||||||||
| Sales |
Operating profit |
Ordinary profit |
Net profit attributable to |
||||||||||||
| (million yen) |
% |
(million yen) |
% |
(million yen) |
% |
(million yen) |
% |
||||||||
| Second Quarter of the Fiscal Year |
3,486 |
Up 12.6 |
Up 1,006 |
- |
Up 295 |
- |
1,903 |
- |
|||||||
| Second Quarter of the Fiscal Year |
3,989 |
Up 21.4 |
Up 367 |
- |
Up 550 |
- |
Up 568 |
- |
|||||||
| (Note) Comprehensive income: |
Second Quarter |
1,867 |
(million yen) |
(-%) |
Second Quarter |
Up 725 |
(million yen) |
(-%) |
|||||||
| Net profit per share |
Fully diluted net profit per share |
|||||
| (yen, sen) |
(yen, sen) |
|||||
| Second Quarter of the Fiscal Year Ending March 31, 2018 |
7.52 |
6.90 |
||||
| Second Quarter of the Fiscal Year Ended March 31, 2017 |
Up 3.35 |
- |
||||
| (2) Consolidated Financial Condition |
||||||
| Total assets |
Net asset |
Net worth ratio |
Net asset per share |
|||
| (million yen) |
(million yen) |
% |
(yen, sen) |
|||
| Second Quarter of the Fiscal Year Ending March 31, 2018 |
39,162 |
23,845 |
63.5 |
62.08 |
||
| Fiscal Year Ended March 31, 2017 |
27,368 |
12,489 |
42.0 |
67.77 |
||
| (Reference) Net worth: |
Second Quarter of |
24,874 |
(million yen) |
Fiscal Year |
11,505 |
(million yen) |
|||
| 2. Status of Dividend |
|||||||||
| Annual dividend |
|||||||||
| End of 1st quarter |
End of 2nd quarter |
End of 3rd quarter |
End of period |
Total |
|||||
| (yen, sen) |
(yen, sen) |
(yen, sen) |
(yen, sen) |
(yen, sen) |
|||||
| Fiscal Year Ended March 31, 2017 |
- |
- |
- |
3.00 |
3.00 |
||||
| Fiscal Year Ending March 31, 2018 |
- |
- |
|||||||
| Fiscal Year Ending March 31, 2018 (Forecast) |
- |
4.00 |
4.00 |
||||||
(Note) Existence of adjustment of the dividend forecast most recently announced: None
3. Expected Consolidated Results for Fiscal Year Ending March 31, 2018 (From April 1, 2017 to March 31, 2018)
The Company Group has proactively adopted M&A as a diversification strategy and has also expanded its asset management business as one of its important segments. As these businesses tend to be significantly affected by changes in economic conditions and market environment, it is extremely difficult to properly forecast and disclose ordinary business results. As there is a risk of misleading investors, etc., in disclosing business results forecast under such circumstances, the Company has adopted a policy to make timely disclosure of closing business results and a summary of the business to be conducted on a quarterly basis, and not to disclose a forecast of consolidated business results.
* Precautions
(1) Changes in material subsidiaries in the current consolidated cumulative quarter (changes in the special subsidiaries accompanying changes in the scope of consolidation): Yes
- New: 1 (Company Name: The Prospect Japan Fund Limited), Exclusion: --- (Company Name: )
(Note) For details, refer to "2. Quarterly Consolidated Financial Statements and Major Notes (4) Notes to Quarterly Consolidated Financial Statements (Changes in Material Subsidiaries in the Current Consolidated Cumulative Quarter)" on p. 10 of the attached materials.
(2) Application of accounting particular to preparation of Consolidated Quarterly Financial Statements: None
(3) 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
(4) Number of outstanding shares (common stocks)
| [1] Number of outstanding shares |
2Q of the |
403,448,312 |
shares |
Fiscal Year |
172,556,807 |
shares |
| [2] Number of treasury stocks at the end of term: |
2Q of the |
2,775,408 |
shares |
Fiscal Year |
2,773,334 |
shares |
| [3] Average number of shares during the term (cumulative quarter): |
2Q of the |
253,055,384 |
shares |
2Q of the |
169,808,104 |
shares |
* The quarterly closing announcement is not subject to quarterly review.
* 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 in using the forecast of business results, etc., refer to "1. Qualitative Information of the Current Quarterly Closing (3) Explanation about Future Forecast Information, including Forecast of Consolidated Business Results" on p. 3 of the attached materials.
| Table of Contents of Attached Materials |
|
| 1. Qualitative Information of the Current Quarterly Closing |
2 |
| (1) Explanation about Business Results |
2 |
| (2) Explanation about Financial Conditions |
3 |
| (3) Explanation about Future Forecast Information,including Forecast of Consolidated Business Results |
3 |
| 2. Quarterly Consolidated Financial Statements and Major Notes |
4 |
| (1) Consolidated Quarterly Financial Statements |
4 |
| (2) Quarterly Consolidated Profit and Loss Statement and Consolidated Statement of Comprehensive Income |
6 |
| Quarterly Consolidated Profit and Loss Statement |
|
| Consolidated Cumulative Second Quarter |
6 |
| Consolidated Statement of Comprehensive Income |
|
| Consolidated Cumulative Second Quarter |
7 |
| (3) Quarterly Consolidated Cash Flow Statement |
8 |
| (4) Notes to Quarterly Consolidated Financial Statements |
10 |
| (Notes to Assumptions on Going Concern) |
10 |
| (Explanatory Note in Case of Significant Changes in the Amount of Shareholders' Equity) |
10 |
| (Changes in Material Subsidiaries in the Current Consolidated Cumulative Quarter) |
10 |
| (Application of Accounting Particular to Preparation of Consolidated Quarterly Financial Statements) |
10 |
| (Changes in Accounting Policy) |
10 |
| (Changes in Accounting Estimate) |
10 |
1. Qualitative Information of the Current Quarterly Closing
(1) Explanation about Business Results
The Japanese economy in the Current Consolidated Cumulative 2nd Quarter continued along a moderate recovery track, partly due to the effects from various policies implemented by the central government. On the other hand, a sense of uncertainty remains about the future outlook due to uncertain overseas economic conditions and the impact from fluctuations in financial and capital markets.
Under such a business environment, sales of the Company Group for the Consolidated Cumulative 2nd Quarter for the year ending March 31, 2018 were 3,486 million yen (3,989 million yen in the same quarter in the previous year), operating loss was 1,006 million yen (367 million yen in the same quarter in the previous year), ordinary loss was 295 million yen (550 million yen in the same quarter in the previous year), quarterly net profit attributable to owners of the parent was 1,903 million yen (quarterly net loss attributable to owners of the parent of 568 million yen in the same quarter in the previous year).
In this regard, in the Current Consolidated Cumulative 2nd Quarter, in connection with The Prospect Japan Fund Limited (hereinafter referred to as "TPJF") becoming a subsidiary, we recorded profit on negative goodwill of 2,420 million yen in extraordinary profit.
Business performance by segment is as follows.
In addition, the name of the reported segment has been changed since the Consolidated 1st Quarter. The previously named "Solar Business" has been renamed the "Renewable Energy Business" due to the start of the biomass related business. There is no other impact on the segment information other than the name change.
[1] Real Estate Sales Business, Condominium Sales Business
We mainly sell condominiums for general customers in the metropolitan area.
In the Current Consolidated Cumulative 2nd Quarter, we executed new contracts for 77 housing units at 3,015 million yen (91 housing units at 2,974 million yen in the same quarter in the previous year) and delivered 24 housing units and recorded sales of 766 million yen and segment loss of 40 million yen (6 housing units for sales of 230 million yen and segment loss of 152 million yen in the same quarter in the previous year).
[2] Real Estate Sales Business, Land and Buildings
We focus our sales on residential land and detached homes as well as individual buildings, etc.
In the Current Consolidated Cumulative 2nd Quarter, no contracts or sales results were recorded (contracts of 173 million yen, sales of 299 million yen and segment profit of 30 million yen in the same quarter in the previous year).
[3] Real Estate Sales Business, Custom-Made Homes
We undertake contract construction and reform construction for detached homes, etc., mainly in Yamagata Prefecture as a business area.
In the Current Consolidated Cumulative 2nd Quarter, we executed new contracts for 21 buildings of 590 million yen (13 buildings of 417 million yen in the same quarter in the previous year) and delivered 11 buildings and recorded sales of 476 million yen and a segment loss of 55 million yen (9 buildings, sales of 419 million yen and segment loss of 66 million yen in the same quarter in the previous year) (including reforms, etc.).
[4] Asset Management Business
We conduct management business of real estate and securities, comprised of Japanese stocks.
In the Current Consolidated Cumulative 2nd Quarter, we recorded sales of 132 million yen and segment profit of 19 million yen (sales of 174 million yen and segment profit of 62 million yen in the same quarter in the previous year).
[5] Construction Business
We conduct propulsion construction and pre-stressed concrete (PC) construction, etc.
In the Current Consolidated Cumulative 2nd Quarter, we recorded sales of 1,798 million yen and segment loss of 5 million yen (sales of 2,699 million yen and segment profit of 70 million yen in the same quarter in the previous year).
[6] Renewable Energy Business
We conduct renewable energy business, the main revenue source of which is the sale of electricity generated by PV, etc.
In the Current Consolidated Cumulative 2nd Quarter, we recorded sales of 293 million yen and segment profit of 116 million yen (sales of 132 million yen and segment profit of 63 million yen in the same quarter in the previous year).
[7] Other
For others, mainly as real estate lease business, we lease condominiums, etc., owned by the Company to general customers.
In the Current Consolidated Cumulative 2nd Quarter, we recorded sales of 18 million yen and segment profit of 5 million yen (sales of 33 million yen and segment profit of 21 million yen in the same quarter in the previous year).
(2) Explanation about Financial Conditions
Total assets at the end of the Current Consolidated 2nd Quarter were 39,162 million yen, an increase of 11,794 million yen as compared with the end of the previous consolidated fiscal year. This was due to an increase in cash and deposits and securities in connection with TPJF becoming a consolidated subsidiary, an increase in inventory assets in connection with the new purchase of land for the condominium sales business and the progress of projects, and an increase in tangible fixed assets related to capital investment in the renewable energy business, etc.
Liabilities at the end of the Current Consolidated 2nd Quarter were 15,316 million yen, an increase of 437 million yen as compared with the end of the previous consolidated fiscal year. This was due to an increase in borrowings as a result of new financing of project funds in the condominium sales business and capital investment funds, etc., in the renewable energy business, etc.
Net assets at the end of the Current Consolidated 2nd Quarter were 23,845 million yen, an increase of 11,356 million yen as compared with the end of the previous consolidated fiscal year. This was due to an increase in capital and capital surplus as a result of the issuance of new shares in connection with consolidation of TPJF, etc.
(3) Explanation about Future Forecast Information, including Forecast of Consolidated Business Results
With regard to the outlook for the future, improvement in the economic environment is expected due to the success of various economic policies. However, we must continue to keep a close eye on the uncertainty in overseas economic conditions and the impact from fluctuations in financial and capital markets.
Under such circumstances, the Company Group has proactively adopted M&A as a diversification strategy and has also expanded its asset management business as one of its important segments. As these businesses tend to be significantly affected by changes in economic conditions and market environment, it is extremely difficult to properly forecast and disclose ordinary business results. As there is a risk of misleading investors, etc., in disclosing business results forecast under such circumstances, the Company has adopted a policy to make timely disclosure of closing business results and a summary of the business to be conducted on a quarterly basis, and not to disclose a forecast of sales and a forecast of profits for the Fiscal Year ended March 31, 2018.
| 2. Quarterly Consolidated Financial Statements and Major Notes |
||
| (1) Consolidated Quarterly Financial Statements |
||
| (Unit: thousand yen) |
||
| Previous Consolidated |
Current Consolidated |
|
| Assets |
||
| Current Assets |
||
| Cash and deposits |
5,409,806 |
5,992,545 |
| Notes and accounts receivable |
295,664 |
542,210 |
| Accounts receivable for completed construction projects |
1,071,410 |
514,922 |
| Accounts receivable for investment advisory fees |
16,397 |
11 |
| Securities |
790,188 |
10,341,517 |
| Real estate for sale |
925,573 |
381,073 |
| Real estate for sale in process |
2,451,405 |
3,562,902 |
| Real estate for development |
476,221 |
311,847 |
| Expenses for uncompleted construction projects |
27,631 |
251,164 |
| Raw materials and stores |
21,088 |
13,048 |
| Deferred tax assets |
376,038 |
259,212 |
| Other |
1,137,521 |
2,629,865 |
| Allowance for doubtful accounts |
Up 49,358 |
Up 46,932 |
| Total Current Assets |
12,949,590 |
24,753,390 |
| Fixed Assets |
||
| Tangible fixed assets |
||
| Buildings (net) |
710,726 |
689,036 |
| Machinery, equipment and delivery equipment (net) |
3,372,631 |
3,262,124 |
| Tools, furniture and fixtures (net) |
53,093 |
45,645 |
| Land |
2,558,513 |
2,558,519 |
| Construction in progress |
891,705 |
2,000,378 |
| Total tangible fixed assets |
7,586,671 |
8,555,703 |
| Intangible fixed assets |
||
| Goodwill |
1,015,260 |
916,415 |
| Software |
17,602 |
18,152 |
| Other |
30,255 |
31,983 |
| Total intangible fixed assets |
1,063,118 |
966,550 |
| Investments and other assets |
||
| Investment securities |
114,546 |
114,546 |
| Investments in capital |
2,761,293 |
3,449,286 |
| Long-term loans |
2,445,624 |
1,003,423 |
| Deferred tax assets |
11,567 |
7,484 |
| Other |
1,076,068 |
964,485 |
| Allowance for doubtful accounts |
Up 640,442 |
Up 652,540 |
| Total investments and other assets |
5,768,658 |
4,886,685 |
| Total Fixed Assets |
14,418,447 |
14,408,940 |
| Total Assets |
27,368,038 |
39,162,330 |
| (Unit: thousand yen) |
||
| Previous Consolidated |
Current Consolidated |
|
| Liabilities |
||
| Current Liabilities |
||
| Notes and accounts payable |
833,260 |
613,920 |
| Accrued construction payment |
1,759,135 |
762,091 |
| Short-term borrowings |
181,400 |
406,880 |
| Bonds to be redeemed within a year |
51,900 |
53,800 |
| Current portion of long-term borrowings |
1,798,503 |
4,025,406 |
| Corporate income tax, etc., payable |
244,108 |
154,611 |
| Amount received for uncompleted construction projects |
179,947 |
347,640 |
| Reserve for bonuses |
135,026 |
91,828 |
| Reserve for officers' bonuses |
12,420 |
- |
| Allowance for compensation for completed construction projects |
11,375 |
11,872 |
| Allowance for construction projects losses |
16,700 |
6,300 |
| Provision for loss on litigation |
20,000 |
20,000 |
| Other |
655,190 |
1,241,893 |
| Total Current Liabilities |
5,898,968 |
7,736,244 |
| Fixed Liabilities |
||
| Bonds |
146,700 |
164,800 |
| Long-term borrowings |
7,854,349 |
6,503,577 |
| Deferred tax liabilities |
1,890 |
1,267 |
| Net defined benefit liabilities |
136,674 |
134,998 |
| Reserve for retirement benefits for officers |
114,822 |
141,157 |
| Allowance for compensation for completed construction projects |
201,995 |
201,995 |
| Provision for loss on compensation expenses |
23,000 |
23,000 |
| Asset retirement obligations |
11,179 |
11,183 |
| Other |
489,024 |
398,310 |
| Total Fixed Liabilities |
8,979,636 |
7,580,290 |
| Total Liabilities |
14,878,604 |
15,316,535 |
| Net Assets |
||
| Shareholders' equity |
||
| Capital |
4,257,256 |
10,940,558 |
| Capital surplus |
5,480,641 |
10,804,097 |
| Retained earnings |
1,838,718 |
3,232,662 |
| Treasury stock |
Up 140,002 |
Up 140,141 |
| Total shareholders' equity |
11,436,596 |
24,837,177 |
| Accumulated other comprehensive income |
||
| Foreign currency translation adjustments |
69,318 |
37,429 |
| Total accumulated other comprehensive income |
69,318 |
37,429 |
| New share subscription rights |
778,640 |
Up 1,227,189 |
| Non-controlling interest |
204,878 |
198,378 |
| Total Net Assets |
12,489,433 |
23,845,795 |
| Total Liabilities and Net Assets |
27,368,038 |
39,162,330 |
| (2) Quarterly Consolidated Profit and Loss Statement and Consolidated Statement of Comprehensive Income |
||
| (Quarterly Consolidated Profit and Loss Statement) |
||
| (Consolidated Cumulative Second Quarter) |
||
| (Unit: thousand yen) |
||
| Previous Consolidated |
Current Consolidated |
|
| Sales |
3,989,352 |
3,486,452 |
| Cost of Goods Sold |
3,386,920 |
2,824,516 |
| Gross Profit on Sales |
602,431 |
661,936 |
| Selling, General and Administrative Expenses |
969,683 |
1,668,555 |
| Operating loss (Up ) |
Up 367,252 |
Up 1,006,619 |
| Non-operating Income |
||
| Interest income and dividend |
216,831 |
171,417 |
| Gain on investments in capital |
- |
711,557 |
| Valuation gain on securities |
- |
5,760 |
| Clerical affairs fee received |
150 |
1,200 |
| Penalties income |
3,180 |
- |
| Foreign currency exchange profit |
- |
11,634 |
| Reversal of allowance for doubtful accounts |
16,135 |
- |
| Other |
16,741 |
24,009 |
| Total Non-operating Income |
253,038 |
925,578 |
| Non-operating Expenses |
||
| Interest expenses |
152,610 |
166,724 |
| Borrowing fees |
9,827 |
8,414 |
| Foreign currency exchange loss |
245,457 |
- |
| Bond issuance cost |
- |
1,225 |
| Transfer to allowance for doubtful accounts |
- |
3,301 |
| Other |
27,944 |
34,839 |
| Total Non-operating Expenses |
435,840 |
214,505 |
| Ordinary Loss (Up ) |
Up 550,054 |
Up 295,546 |
| Extraordinary Profits |
||
| Profit on sale of fixed assets |
1,226 |
642 |
| Profit on reversal of stock acquisition rights |
7,593 |
8,320 |
| Profit on negative goodwill |
- |
2,420,250 |
| Total Extraordinary Profits |
8,820 |
2,429,212 |
| Extraordinary Losses |
||
| Retirement loss on fixed assets |
0 |
0 |
| Total Extraordinary Losses |
0 |
0 |
| Quarterly net profit or net loss before dividends distribution |
Up 541,234 |
2,133,666 |
| Dividends distribution from silent partnership |
9,710 |
14,939 |
| Quarterly net profit before taxes, etc. or quarterly net loss |
Up 550,944 |
2,118,726 |
| Corporate income tax, resident tax and business tax payable |
12,533 |
93,586 |
| Adjustment of corporate income tax, etc. |
4,743 |
120,020 |
| Total corporate income tax, etc. |
17,277 |
213,606 |
| Quarterly net profit or quarterly net loss (Up ) |
Up 568,222 |
1,905,119 |
| Quarterly net profit attributable to non-controlling interests |
46 |
1,825 |
| Quarterly net profit attributable to owners of the parent or quarterly |
Up 568,269 |
1,903,294 |
| (Consolidated Statement of Comprehensive Income) |
||
| (Consolidated Cumulative Second Quarter) |
||
| (Unit: thousand yen) |
||
| Previous Consolidated |
Current Consolidated |
|
| Quarterly net profit or quarterly net loss (Up ) |
Up 568,222 |
1,905,119 |
| Other comprehensive income |
||
| Foreign currency translation adjustments |
Up 157,391 |
Up 37,553 |
| Total other comprehensive income |
Up 157,391 |
Up 37,553 |
| Quarterly comprehensive income |
Up 725,613 |
1,867,565 |
| (Breakdown) |
||
| Quarterly comprehensive income attributable to owners of the parent |
Up 702,445 |
1,871,404 |
| Quarterly comprehensive income attributable to non-controlling interests |
Up 23,167 |
Up 3,838 |
| (3) Quarterly Consolidated Cash Flow Statement |
||
| (Unit: thousand yen) |
||
| Previous Consolidated |
Current Consolidated |
|
| Cash flow from operating activities |
||
| Quarterly net profit before taxes, etc. or quarterly net loss |
Up 550,944 |
2,118,726 |
| Depreciation |
95,050 |
151,335 |
| Stock compensation expense |
45,585 |
43,715 |
| Depreciation of goodwill |
98,845 |
98,845 |
| Bond issuance cost |
- |
1,225 |
| Profit on negative goodwill |
- |
Up 2,420,250 |
| Increase/decrease in allowance for doubtful accounts (Up : decrease) |
Up 16,135 |
9,671 |
| Increase/decrease in allowance for bonuses (Up : decrease) |
43,871 |
Up 43,198 |
| Increase/decrease in reserve for officers' bonuses (Up : decrease) |
Up 10,256 |
Up 12,420 |
| Increase/decrease in allowance for compensation for |
Up 6,646 |
497 |
| Increase/decrease in allowance for construction |
Up 2,200 |
Up 10,400 |
| Increase/decrease in net defined benefit liabilities (Up : decrease) |
15,055 |
Up 1,675 |
| Increase/decrease in officers' retirement allowance (Up : decrease) |
7,846 |
26,335 |
| Interest income and dividend income |
Up 216,831 |
Up 171,417 |
| Profit on reversal of stock acquisition rights |
Up 7,593 |
Up 8,320 |
| Profit/loss on investment in silent partnership (Up : profit) |
19,587 |
22,351 |
| Interest expenses |
152,610 |
166,724 |
| Valuation profit/loss on investment securities (Up : profit) |
- |
Up 5,760 |
| Profit/loss on operation of investments in capital (Up : profit) |
- |
Up 711,557 |
| Profit/loss on foreign currency exchange difference (Up : profit) |
245,457 |
Up 11,634 |
| Profit/loss on sale of fixed assets (Up : profit) |
Up 1,226 |
Up 642 |
| Dividends distribution from silent partnership |
- |
6,446 |
| Increase/decrease in accounts receivable (Up : increase) |
1,472,943 |
328,550 |
| Increase/decrease in advance received (Up : decrease) |
275,391 |
294,507 |
| Increase/decrease in inventory assets (Up : increase) |
Up 1,257,462 |
Up 651,867 |
| Increase/decrease in trades payable (Up : decrease) |
Up 934,916 |
Up 384,434 |
| Increase/decrease in operating investment securities (Up : increase) |
Up 678,511 |
103,087 |
| Increase/decrease in advance payment (Up : increase) |
Up 118,543 |
Up 201,082 |
| Increase/decrease in receivables (Up : increase) |
Up 74,467 |
271,662 |
| Other |
Up 99,365 |
Up 73,344 |
| Subtotal |
Up 1,502,857 |
Up 1,064,321 |
| Interest and dividends received |
64,815 |
89,682 |
| Interest paid |
Up 154,573 |
Up 62,715 |
| Corporate income tax, etc., refunded |
1,524 |
- |
| Corporate income tax, etc., paid |
Up 22,680 |
Up 173,314 |
| Cash flow from operating activities |
Up 1,613,771 |
Up 1,210,669 |
| (Unit: thousand yen) |
||
| Previous Consolidated |
Current Consolidated |
|
| Cash flow from investing activities |
||
| Expenditure for acquisition of tangible fixed assets |
Up 1,909,275 |
Up 1,948,762 |
| Revenue from sale of tangible fixed assets |
- |
Up 6,128 |
| Expenditure for acquisition of securities |
- |
Up 11,972 |
| Revenue from redemption of investment securities |
47 |
- |
| Revenue from sale of investment real estate |
5,269 |
1,431 |
| Expenditure for payment of investments in capital |
Up 515,528 |
- |
| Revenue from acquisition of shares of a subsidiary |
- |
2,935,110 |
| Expenditure for loans |
Up 201,117 |
- |
| Revenue from collection of loans |
117 |
214 |
| Cash flow from investing activities |
Up 2,620,485 |
969,893 |
| Cash flow from financing activities |
||
| Revenue from short-term borrowings |
280,000 |
637,300 |
| Expenditure for repayment of short-term borrowings |
Up 130,100 |
Up 411,820 |
| Expenditure for repayment of installment liabilities |
Up 5,305 |
Up 3,521 |
| Revenue from long-term borrowings |
3,170,500 |
1,317,000 |
| Expenditure for repayment of long-term borrowings |
Up 918,018 |
Up 384,745 |
| Revenue from issuance of bonds |
- |
48,775 |
| Expenditure for redemption of bonds |
Up 28,200 |
Up 30,000 |
| Revenue from issuance of shares due to exercise of stock acquisition rights |
- |
Up 320 |
| Expenditure for acquisition of treasury stock |
Up 68,652 |
Up 120 |
| Dividends paid |
Up 167,980 |
Up 503,756 |
| Dividends paid to non-controlling interests |
Up 2,660 |
Up 2,660 |
| Revenue from payment by the contributors of silent partnership |
17,600 |
160,000 |
| Cash flow from financing activities |
2,147,182 |
826,130 |
| Translation differences in cash and cash equivalents |
Up 11,759 |
Up 2,615 |
| Increase/decrease in cash and cash equivalents (Up : decrease) |
Up 2,098,833 |
582,739 |
| Cash and cash equivalents at the beginning of period |
5,924,530 |
5,379,806 |
| Cash and cash equivalents at the end of period |
3,825,697 |
5,962,545 |
(4) Notes to Quarterly Consolidated Financial Statements
(Notes to Assumptions on Going Concern)
No applicable matter.
(Explanatory Note in Case of Significant Changes in the Amount of Shareholders' Equity)
During the second quarter, new shares were issued to acquire TPJF. New shares were also issued due to the exercise of 10,000 units of the stock acquisition rights No.2. As a result, there was an increase in "Capital" of 6,683,302 thousand yen and an increase in "Capital Surplus" of 5,323,456 thousand yen. At the end of the second quarter, "Capital" was 10,940,558 thousand yen and "Capital Surplus" was 10,804,097 thousand yen.
(Changes in Material Subsidiaries in the Current Consolidated Cumulative Quarter)
During the second quarter, we made TPJF a fully-owned subsidiary and included it in the scope of consolidation.
TPJF is a specified subsidiary.
(Application of Accounting Particular to Preparation of Consolidated Quarterly Financial Statements)
No applicable matter.
(Changes in Accounting Policy)
No applicable matter.
(Changes in Accounting Estimate)
No applicable matter.
Closing of Second Quarter of the Fiscal Year Ending March 21, 2018: Supplementary Explanation Material
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