Consolidated Financial Results for the Fiscal Year Ended March 31, 2020 [J-GAAP]
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Consolidated Financial Results for the Fiscal Year Ended March 31, 2020 [J-GAAP] May 27, 2020 Company Name: Dai Nippon Printing Co., Ltd. Stock exchange listing: Tokyo Stock code: 7912 URL: https://www.dnp.co.jp/eng/ Representative: Yoshinari Kitajima, President Contact person: Daisuke Sasaki, General Manager, IR and Public Relations Telephone: +81-3-6735-0124 General meeting of shareholders: June 26, 2020 Dividend payment date: June 29, 2020 Securities report issuing date: June 26, 2020 Preparation of earnings presentation material: Yes Holding of earnings announcement: Yes (for institutional investors and analysts) *Amounts under one million yen have been rounded down. 1. Consolidated financial results for the year ended March 31, 2020 (April 1, 2019 – March 31, 2020) (1) Consolidated financial results (Percentages show change from corresponding year-ago period.) Net Income (Loss) Attributable to Net Sales Operating Income Ordinary Income Parent Company Shareholders Million yen % Million yen % Million yen % Million yen % Year ended March 31, 2020 1,401,894 0.0 56,274 12.8 63,786 9.5 69,497 – Year ended March 31, 2019 1,401,505 (0.8) 49,898 7.6 58,259 14.3 (35,668) – Note: Comprehensive income: Year ended March 31, 2020: ¥2,536 million (–%) Year ended March 31, 2019: ¥(36,694) million (–%) Diluted Net Ordinary Operating Net Income (Loss) Income ROE Income to Income to per Share per Share Total Assets Net Sales Yen Yen % % % Year ended March 31, 2020 235.18 235.08 7.3 3.6 4.0 Year ended March 31, 2019 (118.22) – (3.5) 3.3 3.6 Reference: Equity in earnings of affiliates: Year ended March 31, 2020: ¥6,050million Year ended March 31, 2019: ¥4,161 million (2) Consolidated financial position Net Assets Total Assets Net Assets Equity Ratio per Share Million yen Million yen % Yen As of March 31, 2020 1,721,724 968,574 53.2 3,260.38 As of March 31, 2019 1,775,022 1,046,622 56.1 3,300.52 Reference: Stockholders’ equity: As of March 31, 2020: ¥915,779 million As of March 31, 2019: ¥996,162 million (3) Consolidated cash flows Cash and Cash Cash Flows from Cash Flows from Cash Flows from Equivalents at End Operating Activities Investing Activities Financing Activities of the Year Million yen Million yen Million yen Million yen Year ended March 31, 2020 93,937 191,057 (41,280) 377,367 Year ended March 31, 2019 68,971 (146,909) (32,196) 133,771 2. Dividends Dividends to Dividends per Share Dividend Total Dividends Net Assets Payout Ratio First Second Third (Annual) Ratio Year-end Annual (Consolidated) Quarter-end Quarter-end Quarter-end (Consolidated) Yen Yen Yen Yen Yen Million yen % % Year ended March 31, 2019 – 32.00 – 32.00 64.00 19,317 – 1.9 Year ended March 31, 2020 – 32.00 – 32.00 64.00 18,609 27.2 2.0 Year ending March 31, – – – – – – 2021 (Forecast) Note: Dividend forecast for the fiscal year ending March 31, 2021 is as yet undetermined. 3. Consolidated earnings forecasts for the year ending March 31, 2021 (April 1, 2020 – March 31, 2021) Consolidated earnings forecasts for the fiscal year ending March 31, 2021 are pending due to the lack of visibility on the impact of the novel coronavirus (COVID-19) and the consequent lack of a reasonable and appropriate basis on which to forecast earnings. The DNP Group will promptly announce forecasts once it judges that this reasonable basis exists. * Notes (1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in a change in the scope of consolidation): No (2) Changes in accounting policies, changes in accounting estimates, and restatement of revisions 1) Changes in accounting policies with revision of accounting standards: Yes 2) Changes in accounting policies other than the 1) above: No 3) Changes in accounting estimates: No 4) Restatement of revisions: No Note: For further details, see the section titled, “5. Consolidated financial statements and key notes, (5) Notes regarding consolidated financial statements [Changes in accounting policies]” on page 27. (3) Number of common shares issued and outstanding 1) Number of common shares outstanding As of March 31, 324,240,346 As of March 31, 324,240,346 at end of each period (including 2020 shares 2019 shares treasury shares) 2) Number of treasury shares at end of As of March 31, 43,359,344 As of March 31, 22,420,745 each period 2020 shares 2019 shares 3) Average number of shares outstanding Year ended 295,506,271 Year ended 301,715,605 during the period March 31, 2020 shares March 31, 2019 shares (Reference) Non-consolidated financial results Non-consolidated financial results for the year ended March 31, 2020 (April 1, 2019 – March 31, 2020) (1) Non-consolidated financial results (Percentages show change from corresponding year-ago period.) Net Sales Operating Loss Ordinary Income Net Income (Loss) Million yen % Million yen % Million yen % Million yen % Year ended March 31, 2020 984,888 0.2 (6,507) – 15,359 (16.7) 29,998 – Year ended March 31, 2019 982,691 (0.8) (2,573) – 18,441 (30.2) (51,196) – Net Income (Loss) Diluted Net Income per Share per Share Yen Yen Year ended March 31, 2020 101.51 – Year ended March 31, 2019 (169.62) – (2) Non-consolidated financial position Net Assets Total Assets Net Assets Equity Ratio per Share Million yen Million yen % Yen As of March 31, 2020 1,359,719 560,334 41.2 1,994.84 As of March 31, 2019 1,426,257 669,873 47.0 2,219.37 Reference: Stockholders’ equity: As of March 31, 2020: ¥560,334million As of March 31, 2019: ¥669,873 million * These financial results are exempt from auditing by a certified public accountant or an auditing company. * Explanation regarding appropriate use of earnings forecasts and other special notes Forward-looking statements in this report, including earnings forecasts, are based on assumptions about economic conditions, market trends, and other factors at the time the report was published. Actual results may differ significantly due to a variety of factors. For information about earnings forecasts, see the section titled, “1. Overview of operating results, etc., (4) Forecasts,” on pages 5-6. Contents 1. Overview of operating results, etc. .......................................................................................................... 2 (1) Overview of operating results for the year ended March 31, 2020 ................................................... 2 (2) Overview of financial position for the year ended March 31, 2020 ................................................... 4 (3) Overview of cash flows for the year ended March 31, 2020 ............................................................. 5 (4) Forecasts ........................................................................................................................................... 5 (5) Basic policies regarding the allocation of profits and dividends for the year ended March 31, 2020 and year ending March 31, 2021 ...................................................................................................... 6 (6) Business risks ................................................................................................................................... 7 2. Information on the DNP Group ............................................................................................................. 10 3. Management policies ............................................................................................................................ 14 (1) Core policies .................................................................................................................................... 14 (2) Medium- and long-term management strategy and key issues ...................................................... 14 4. Basic approach to selecting accounting standards ............................................................................... 16 5. Consolidated financial statements and key notes ................................................................................. 17 (1) Consolidated balance sheets .......................................................................................................... 17 (2) Consolidated statements of income and comprehensive income ................................................... 19 (3) Consolidated statements of changes in net assets ......................................................................... 21 (4) Consolidated statements of cash flows ........................................................................................... 23 (5) Notes regarding consolidated financial statements ........................................................................ 25 [Notes on premise of a going concern] ........................................................................................... 25 [Basis of presenting consolidated financial statements] ................................................................. 25 [Changes in accounting policies] .................................................................................................... 27 [Consolidated balance sheets] ....................................................................................................... 28 [Consolidated statements of income] ............................................................................................. 28 [Consolidated statements of changes in net assets] ...................................................................... 29 [Segment information, etc.] ............................................................................................................. 30