Financial Announcement for the Year Ended March 31, 2015 ... (Annual) Payout ratio (Consolidated)...

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Transcript of Financial Announcement for the Year Ended March 31, 2015 ... (Annual) Payout ratio (Consolidated)...

  • Financial Announcement for the Year Ended March 31, 2015 [Japanese Standard] (consolidated)

    May 8, 2015 Stock exchange listing:Tokyo Stock Exchange

    Company Name: MEC COMPANY LTD. Stock Code No.: 4971 Company URL: http://www.mec-co.com/ Representative: Kazuo MAEDA, CEO & President Contact: Yoshihiro SAKAMOTO, Investment Relations TEL: 06-6414-3451 Date of General Meeting of Shareholders (Scheduled): June 19, 2015 Commencement Date of Dividend Payment (Scheduled): May 29, 2015 Date of Filing the Financial Report (Scheduled): June 22, 2015 Creation of reference materials supplementary to the results: Yes Holding of briefing sessions regarding the results: Yes (for institutional investors)

    (Amounts less than one million yen have been disregarded.) 1. Consolidated Results for the Year Ended March 31, 2015 (April 1, 2014 to March 31, 2015) (1) Results of operations

    (% represent annual changes over the preceding year unless otherwise stated.) Net sales Operating income Ordinary income Net income

    Millions of yen % Millions of yen % Millions of yen % Millions of yen % Year ended March 31, 2015 9,057 13.2 2,008 41.3 2,129 37.2 1,344 45.3 Year ended March 31, 2014 8,003 19.4 1,421 54.9 1,551 62.2 925 47.6

    Note: Comprehensive income for fiscal year ended March 31, 2015:1,967 million yen (12.8%);fiscal year ended March 31, 2014:1,744 million yen (58.1%)

    Net income per share Diluted net income per

    share Return on equity

    Ordinary income to total assets

    Operating income to net sales

    Yen Yen % % % Year ended March 31, 2015 66.98 - 12.1 15.5 22.2 Year ended March 31, 2014 46.09 - 9.8 13.1 17.8 (Reference) Investment profit or loss according to the equity method:Year ended March 31, 2015: - million yen Year ended March 31, 2014: - million yen

    (2) Financial position Total assets Net assets Equity ratio Book value per share

    Millions of yen Millions of yen % Yen Year ended March 31, 2015 14,646 12,039 82.2 599.85

    Year ended March 31, 2014 12,869 10,265 79.8 511.44

    (Reference) Shareholder’s equity:Year ended March 31, 2015: 12,039 million yen Year ended March 31, 2014:10,265 million yen

    (3) Cash flow Cash flow from operating

    activities Cash flow from investment

    activities Cash flow from financial

    activities Cash and cash equivalents at

    fiscal year end Millions of yen Millions of yen Millions of yen Millions of yen Year ended March 31, 2015 1,489 (399) (220) 3,997 Year ended March 31, 2014 1,759 (231) (459) 2,973

    2. Dividends Annual dividend Total cash

    dividends (Annual)

    Payout ratio (Consolidated)

    Dividends on equity

    (Consolidated) 1Q 2Q 3Q 4Q Annual

    Yen Yen Yen Yen Yen Millions of yen % % Year ended March 31, 2014 - 5.00 - 5.00 10.00 200 21.7 2.1 Year ended March 31, 2015 - 6.00 - 8.00 14.00 280 20.9 2.5 Year ending March 31, 2016 (Estimated)

    - 8.00 - 8.00 16.00 22.1

    3. Consolidated earnings forecasts for the fiscal year ending March 31, 2016 (April 1, 2015 to March 31, 2016)

    (Percentages indicate changes from previous fiscal year for full-year figures, and year-on-year changes for quarterly changes.)

    Net sales Operating income Ordinary income

    Net income attributable to parent

    company’s shareholders

    Net income per share

    Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Second quarter (year to date) 4,660 3.5 1,060 0.5 1,100 0.7 770 8.2 38.36

    Full year 9,420 4.0 2,150 7.0 2,200 3.3 1,450 7.9 72.24

  • * Notes (1) Changes of major subsidiary companies during the period (Change of specific subsidiary companies that involves

    changes in the scope of consolidation): No Newly consolidated companies — (company name), Excluded companies — (company name)

    (2) Changes of principles, procedures, presentation methods, etc., in accounting procedures 1) Changes that accompany amendment of accounting standards, etc.: Yes 2) Changes other than those of (1): No

    3) Expected changes to accounting standards: No 4) Restatements: No

    Note: For more information, please refer to “4. Consolidated Financial Statements (5) Notes to Consolidated

    Financial Statements (Changes in accounting policies)” on page 20 of the attachment. (3) Number of shares outstanding (Common stock)

    1) Number of shares outstanding (including treasury stock) issued as of:

    Year ended March 31, 2015

    20,071,093 shares Year ended March 31, 2014

    20,071,093 shares

    2) Number of shares of treasury stock: Year ended March 31, 2015

    34 shares Year ended March 31, 2014

    34 shares

    3) Average number of shares during the period:

    Year ended March 31, 2015

    20,071,059 shares Year ended March 31, 2014

    20,071,059 shares

    * Display on the status of implementation of audit procedures

    At the time of disclosing the financial results, auditing procedures on the financial statements are being carried out

    based on the Financial Instruments and Exchange Law.

    * Explanation of appropriate use of earnings forecasts. Other points of note.

    - The business forecasts and such like stated in this material are based on the information currently available to the Company and certain assumptions that are judged to be rational. Actual results may vary significantly from the forecasts due to various factors. In addition, for matters concerning the above forecasts, please refer to “1. Results of

    Operations and Analysis of Financial Situation (1) Analysis of results of operations” on page 2 of the attachment. - The Company plans to hold a briefing session for institutional investors and analysts on Wednesday, May 13, 2015. We

    have published materials for the briefing session on our website.

  • MEC COMPANY LIMITED Consolidated Financial Results for the Fiscal Year Ended March 31, 2015

    1

    ○ Table of Contents for Attached Material 1. Results of Operations and Analysis of Financial Situation ............................................................................................................ 2

    (1) Analysis of results of operations .......................................................................................................................................... 2 (2) Analysis relating to the financial situation ........................................................................................................................... 3 (3) Basic policy for profit distribution and dividends for the current and next periods ............................................................. 4 (4) Risks of business, etc. .......................................................................................................................................................... 4

    2. Situation of the Corporate Group ................................................................................................................................................... 7 3. Management Policy ....................................................................................................................................................................... 8

    (1) Basic management policy .................................................................................................................................................... 8 (2) Targeted management indicators .......................................................................................................................................... 8 (3) Medium- to long-term company management strategies ..................................................................................................... 8 (4) Issues to be addressed .......................................................................................................................................................... 9

    4. Basic Policy for the Selection of Accounting Standards .............................................................................................................. 11 5. Consolidated Financial Statements .............................................................................................................................................. 12

    (1) Consolidated balance sheet ................................................................................................................................................ 12 (2) Consolidated statement of income and consolidated statement of comprehensive income ................................................ 14

    Consolidated statements of income .................................................................................................................................... 14 Consolidated statement of comprehensive income ............................................................................................................ 15

    (3) Consolidated statement of changes in equity ..................................................................................................................... 16 (4) Consolidated statement of cash flow .................................................................................................................................. 18 (5) Notes on the consolidated financial statements .................................................................................................................. 19

    (Notes on the premise of a going concern) ...........................