Financial Highlights
- Net Sales: ¥105.86B
- Operating Income: ¥12.07B
- Net Income: ¥9.38B
- EPS: ¥125.69
Income Statement
| Item | Current | Prior | YoY % |
|---|---|---|---|
| Net Sales | ¥105.86B | ¥100.90B | +4.9% |
| Cost of Sales | ¥64.19B | ¥63.75B | +0.7% |
| Gross Profit | ¥41.67B | ¥37.15B | +12.2% |
| SG&A Expenses | ¥29.60B | ¥27.60B | +7.3% |
| Operating Income | ¥12.07B | ¥9.55B | +26.3% |
| Non-operating Income | ¥567M | ¥393M | +44.3% |
| Non-operating Expenses | ¥289M | ¥210M | +37.6% |
| Ordinary Income | ¥12.34B | ¥9.74B | +26.8% |
| Profit Before Tax | ¥12.37B | ¥10.15B | +21.9% |
| Income Tax Expense | ¥2.99B | ¥2.46B | +21.6% |
| Net Income | ¥9.38B | ¥7.69B | +22.0% |
| Net Income Attributable to Owners | ¥9.38B | ¥7.65B | +22.6% |
| Total Comprehensive Income | ¥11.60B | ¥7.84B | +47.9% |
| Depreciation & Amortization | ¥1.62B | ¥1.40B | +15.6% |
| Interest Expense | ¥30M | ¥29M | +3.4% |
| Basic EPS | ¥125.69 | ¥102.62 | +22.5% |
| Dividend Per Share | ¥120.00 | ¥29.00 | +313.8% |
| Total Dividend Paid | ¥3.01B | ¥2.00B | +50.1% |
Balance Sheet
| Item | Current End | Prior End | Change |
|---|---|---|---|
| Current Assets | ¥72.72B | ¥66.09B | +¥6.63B |
| Cash and Deposits | ¥27.97B | ¥21.16B | +¥6.80B |
| Accounts Receivable | ¥24.83B | ¥24.63B | +¥200M |
| Non-current Assets | ¥25.21B | ¥23.57B | +¥1.65B |
| Property, Plant & Equipment | ¥12.84B | ¥12.66B | +¥179M |
| Intangible Assets | ¥1.47B | ¥1.06B | +¥407M |
| Goodwill | ¥93M | ¥145M | −¥52M |
| Investment Securities | ¥6.13B | ¥5.28B | +¥848M |
| Total Assets | ¥97.94B | ¥89.66B | +¥8.28B |
| Current Liabilities | ¥22.16B | ¥23.05B | −¥895M |
| Accounts Payable | ¥4.19B | ¥3.87B | +¥321M |
| Non-current Liabilities | ¥7.31B | ¥7.28B | +¥28M |
| Total Liabilities | ¥29.47B | ¥30.33B | −¥866M |
| Total Equity | ¥68.47B | ¥59.32B | +¥9.15B |
| Capital Stock | ¥3.80B | ¥3.80B | ¥0 |
| Capital Surplus | ¥2.70B | ¥2.73B | −¥28M |
| Retained Earnings | ¥56.77B | ¥49.68B | +¥7.09B |
| Treasury Stock | −¥1.83B | −¥1.83B | ¥0 |
| Owners' Equity | ¥68.40B | ¥59.12B | +¥9.29B |
| Working Capital | ¥50.56B | - | - |
Cash Flow Statement
| Item | Current | Prior | Change |
|---|---|---|---|
| Operating Cash Flow | ¥10.63B | ¥11.87B | −¥1.25B |
| Investing Cash Flow | −¥1.63B | −¥636M | −¥995M |
| Financing Cash Flow | −¥2.68B | −¥1.74B | −¥942M |
| Free Cash Flow | ¥8.99B | - | - |
Profitability Ratios
| Item | Value |
|---|---|
| Operating Margin | 11.4% |
| ROA (Ordinary Income) | 13.2% |
| Payout Ratio | 31.8% |
| Dividend on Equity (DOE) | 4.7% |
| Book Value Per Share | ¥916.87 |
| Net Profit Margin | 8.9% |
| Gross Profit Margin | 39.4% |
| Current Ratio | 328.2% |
| Quick Ratio | 328.2% |
| Debt-to-Equity Ratio | 0.43x |
| Interest Coverage Ratio | 402.20x |
| EBITDA Margin | 12.9% |
| Effective Tax Rate | 24.2% |
Year-over-Year Comparison
| Item | YoY Change |
|---|---|
| Net Sales YoY Change | +4.9% |
| Operating Income YoY Change | +26.3% |
| Ordinary Income YoY Change | +26.8% |
| Profit Before Tax YoY Change | +21.9% |
| Net Income YoY Change | +21.2% |
| Net Income Attributable to Owners YoY Change | +22.6% |
| Total Comprehensive Income YoY Change | +47.9% |
Share Information
| Item | Value |
|---|---|
| Shares Outstanding (incl. Treasury) | 79.20M shares |
| Treasury Stock | 4.59M shares |
| Average Shares Outstanding | 74.61M shares |
| Book Value Per Share | ¥917.75 |
| EBITDA | ¥13.69B |
Dividend Information
| Item | Amount |
|---|---|
| Q2 Dividend | ¥40.00 |
| Year-End Dividend | ¥80.00 |
Segment Information
| Segment | Operating Income |
|---|---|
| FireAlarmSystems | ¥11.19B |
| FireExtinguishingSystems | ¥1.65B |
| Maintenance | ¥5.29B |
| SecuritySystems | ¥777M |
Full Year Forecast
| Item | Forecast |
|---|---|
| Net Sales Forecast | ¥110.00B |
| Operating Income Forecast | ¥12.30B |
| Ordinary Income Forecast | ¥12.50B |
| Net Income Attributable to Owners Forecast | ¥9.00B |
| Basic EPS Forecast | ¥120.64 |
| Dividend Per Share Forecast | ¥40.00 |