Asahi Holdings, Inc. Flash Report (Consolidated Basis) Asahi ...

Copy and paste this link to your website, so they can see this document directly without any plugins.



Keywords

2010, income, assets, September, Total, cash, yen), March, (Millions, ended, Income, sales, payable, year, loans, taxes, provided, accounts, activities, (used, 100.0, Millions, 2009, share, dividend(Yen), from, Proceeds, fiscal, (decrease), months

Transcript

October 28, 2010
-1-
Asahi Holdings, Inc. Flash Report (Consolidated Basis)
Asahi Holdings, Inc.(Securities No.5857, Tokyo Stock Exchange first section)
(URL http://www.asahiholdings.com)
CEO& COO: Mitsuharu Terayama
For information, contact: Yukio Tanabe,
Director, Corporate Development & Administration Division
(Phone: +81-3-6270-1833)
1. Consolidated results for the first half of the fiscal year ending March 31, 2011
(From April 1, 2010 to September 30, 2010)
(1) Consolidated operating results 〔Rounded off to millions of yen〕
The six months ended
September 30, 2010
The six months ended
September 30, 2009
Net sales (Millions of yen)
Operating income (Millions of yen)
Ordinary income (Millions of yen)
Net income (Millions of yen)
(%)
52,486 ( 46.4)
5,597 (105.6)
5,475 (103.5)
3,202 (104.4)
(%)
35,856 ( -)
2,722 ( -)
2,691 ( -)
1,566 ( -)
Net income per share for the first half
Diluted net income per share for the first
half
¥99.32
- -
¥48.63
- -
(2) Changes in the consolidated financial position
As of
September 30, 2010
As of
March 31, 2010
Total assets (Millions of yen)
Net assets (Millions of yen)
51,537
32,213
50,139
29,897
Equity ratio (%)
Net assets per share
62.5
¥998.30
59.6
¥927.97
Note: Equity capital (millions of yen)
The six months ended September 30, 2010: 32,204
Fiscal year ended March 31, 2010: 29,897
2. Dividends
The fiscal year
ended March 31,
2010
The fiscal year
ended March 31,
2011
The fiscal year
ended March 31,
2011〔forecast〕
Dividends per share
-The three months-end dividend(Yen)
-Interim dividend(Yen)
-The nine months-end dividend(Yen)
-Year -end dividend(Yen)
-Annual dividend(Yen)

25.00

25.00
50.00

25.00
――
――
――
――
――

25.00
50.00
Note: Changes in forecast of dividends for this half: None
- 2 -
3. Forecast for the fiscal year ending March 31, 2011 (From April 1, 2010 to March 31, 2011)
Full year
Net sales (Millions of yen)
Operating income(Millions of yen)
Ordinary income (Millions of yen)
Net income (Millions of yen)
(%)
104,000 ( 25.9)
10,000 ( 26.8)
10,000 ( 26.2)
5,800 ( 32.5)
Forecasted net income per share (Yen) 180.00
Note: Changes in forecast for this half: None
(Notice for the use of the forecasts, and other instructions)
The financial forecasts stated above are based on currently available information. They may
fluctuate according to various factors including economic situations and financial trends.
- 3 -
CONSOLIDATED BALANCE SHEET
At September 30, 2010 and at March 31, 2010
At September 30,
2010
At March 31,
2010
At September 30,
2010
Millions of yen % Millions of yen % Thousands of
U.S.dollars
ASSETS
Current assets
Cash and deposits 2,498 2,263 29,806
Notes and accounts receivable-trade 5,233 4,037 62,439
Merchandise and finished goods 3,550 4,250 42,356
Work in process 8,959 8,327 106,894
Raw materials and supplies 493 616 5,890
Other 1,468 2,867 17,523
Allowance for doubtful accounts (10) (8) (121)
Total current assets 22,194 43.1 22,354 44.6 264,787
Noncurrent assets
Property, plant and equipment
Buildings and structures, net 8,691 8,751 103,687
Land 12,559 12,440 149,835
Other, net 4,817 3,964 57,473
Total property, plant and equipment 26,067 50.6 25,156 50.2 310,995
Intangible assets
Goodwill 2,186 1,571 26,089
Other 515 567 6,156
Total intangible assets 2,702 5.2 2,139 4.2 32,245
Investments and other assets 573 1.1 489 1.0 6,836
Total noncurrent assets 29,343 56.9 27,784 55.4 350,077
Total assets 51,537 100.0 50,139 100.0 614,864
LIABILITIES
Current liabilities
Notes and accounts payable-trade 3,388 2,161 40,422
Short-term loans payable 6,982 12,449 83,298
Current portion of long-term loans payable 1,000 - 11,930
Income taxes payable 800 2,304 9,550
Provision for bonuses 731 721 8,722
Provision for directors’ bonuses 7 15 89
Provision for repairs 54 124 651
Other 2,596 2,048 30,976
Total current liabilities 15,560 30.2 19,825 39.6 185,638
Noncurrent liabilities
Long-term loans payable 2,000 - 23,861
Provision for retirement benefits 234 179 2,796
Other 1,529 237 18,250
Total noncurrent liabilities 3,764 7.3 416 0.8 44,907
Total liabilities 19,324 37.5 20,241 40.4 230,545
NET ASSETS
Shareholders’ equity
Capital stock 4,480 8.7 4,480 8.9 53,458
Capital surplus 6,063 11.8 6,054 12.1 72,341
Retained earnings 27,840 54.0 25,444 50.7 332,149
Treasury stock (5,856) (11.4) (5,917) (11.8) (69,872)
Total shareholders’ equity 32,528 63.1 30,061 59.9 388,075
Valuation and translation adjustments
Valuation difference on available-for-sale securities 15 0.0 14 0.0 182
Deferred gains or losses on hedges (275) (0.5) (152) (0.3) (3,287)
Foreign currency translation adjustment (63) (0.1) (26) (0.0) (758)
Total valuation and translation adjustments (323) (0.6) (164) (0.3) (3,863)
Subscription rights to shares 8 0.0 - 107
TOTAL NET ASSETS 32,213 62.5 29,897 59.6 384,319
TOTAL LIABILITIES AND NET ASSETS 51,537 100.0 50,139 100.0 614,864
U.S. dollar amounts represent translations using the approximate exchange rate on September 30, 2010 of yen 83.82=
US$1, and are included solely for the convenience of readers.
- 4 -
CONSOLIDATED STATEMENTS OF INCOME
For the six months ended September 30, 2010 and 2009
2010 2009 2010
Millions of yen % Millions of yen % Thousands of
U.S.dollars
Net sales 52,486 100.0 35,856 100.0 626,184
Cost of sales 44,633 85.0 31,087 86.7 532,491
Gross profit 7,853 15.0 4,768 13.3 93,693
Selling, general and administrative expenses 2,255 4.3 2,045 5.7 26,914
Operating income 5,597 10.7 2,722 7.6 66,779
Non-operating income 35 0.0 53 0.1 418
Non-operating expenses 156 0.3 85 0.2 1,873
Ordinary income 5,475 10.4 2,691 7.5 65,324
Extraordinary income 1 0.0 0 0.0 14
Extraordinary loss 8 0.0 23 0.1 103
Income before income taxes and minority interests 5,468 10.4 2,668 7.4 65,235
Income taxes-current 752 1.4 140 0.4 8,981
Income taxes-deferred 1,513 2.9 961 2.6 18,053
Total income taxes 2,265 4.3 1,101 3.0 27,033
Income before minority interests 3,202 6.1 - - 38,202
Net income 3,202 6.1 1,566 4.4 38,202
U.S. dollar amounts represent translations using the approximate exchange rate on September 30, 2010 of yen 83.82=
US$1, and are included solely for the convenience of readers.
- 5 -
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the six months ended September 30, 2010 and 2009
2010 2009 2010
Millions of yen Millions of yen Thousands of
U.S.dollars
Net cash provided by (used in) operating activities
Income before income taxes and minority interests 5,468 2,668 65,235
Depreciation and amortization 949 1,049 11,326
Impairment loss - 7 -
Amortization of goodwill 126 110 1,508
Amortization of negative goodwill - (1) -
Increase (decrease) in provision for retirement benefits 54 47 655
Interest and dividends income (12) (3) (150)
Interest expenses 19 29 235
Loss (gain) on sales and retirement of noncurrent assets 6 14 83
Loss (gain) on valuation of investment securities 0 - 6
Decrease (increase) in notes and accounts receivable-trade (1,139) 151 (13,594)
Decrease (increase) in inventories 191 (556) 2,281
Increase (decrease) in notes and accounts payable-trade 1,301 631 15,529
Increase (decrease) in accounts payable-other 150 (611) 1,792
Other, net (510) 451 (6,096)
Subtotal 6,605 3,988 78,810
Interest and dividends income received 15 3 181
Interest expenses paid (17) (29) (210)
Income taxes paid (2,237) (123) (26,697)
Income taxes refund 1,619 460 19,315
Net cash provided by (used in) operating activities 5.984 4,300 71,399
Net cash provided by (used in) investing activities
Payments into time deposits (786) - (9,383)
Proceeds from withdrawal of time deposits 1,001 - 11,942
Proceeds from collection of guarantee deposits 25 6 305
Purchase of property, plant and equipment (1,335) (696) (15,937)
Proceeds from sales of property, plant and equipment 7 4 86
Purchase of intangible assets (23) (437) (275)
Purchase of stocks of subsidiaries and affiliates (933) (53) (11,141)
Other, net (56) (42) (676)
Net cash provided by (used in) investing activities (2,102) (1,219) (25,079)
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable (5,598) (1,600) (66,790)
Proceeds from long-term loans payable 3,000 - 35,791
Repayment of long-term loans payable (0) (7) (6)
Repayments of finance lease obligations (6) (5) (80)
Purchase of treasury stock (0) (0) (6)
Proceeds from sales of treasury stock 70 - 841
Cash dividends paid (805) (802) (9,609)
Net cash provided by (used in) financing activities (3,341) (2,415) (39,859)
Effect of exchange rate change on cash and cash equivalents (40) 27 (479)
Net increase (decrease) in cash and cash equivalents 501 691 5,981
Cash and cash equivalents at beginning of period 1,711 1,824 20,413
Cash and cash equivalents at end of period 2,212 2,516 26,394
U.S. dollar amounts represent translations using the approximate exchange rate on September 30, 2010 of yen 83.82=
US$1, and are included solely for the convenience of readers.

PDF Document reader online

This website is focused on providing document in readable format, online without need to install any type of software on your computer. If you are using thin client, or are not allowed to install document reader of particular type, this application may come in hand for you. Simply upload your document, and Docureader.top will transform it into readable format in a few seconds. Why choose Docureader.top?

  1. Unlimited sharing - you can upload document of any size. If we are able to convert it into readable format, you have it here - saved for later or immediate reading
  2. Cross-platform - no compromised when reading your document. We support most of modern browers without the need of installing any of external plugins. If your device can oper a browser - then you can read any document on it
  3. Simple uploading - no need to register. Just enter your email, title of document and select the file, we do the rest. Once the document is ready for you, you will receive automatic email from us.

Previous 10

Next 10