![[Securities code:6430]](/en/wp-content/themes/daikoku_en/img/common/txt_header_code01.png){kind=small}
Business results for the first quarter of the year ending March 31, 2013
Operating results
| Net sales | Operating income | Ordinary income | Net income | |||||
|---|---|---|---|---|---|---|---|---|
| Million yen | % | Million yen | % | Million yen | % | Million yen | % | |
| First quarter, year ending March 31, 2013 |
13,497 | 11.1 | 2,032 | 994.0 | 2,121 | 891.2 | 1,254 | − |
| First quarter, year ending March 31, 2012 |
12,145 | 52.6 | 185 | 201.6 | 214 | 127.7 | -48 | − |
(Note) Comprehensive income
First quarter of the year ended March 31, 2013: ¥1,257 million (−%)
First quarter of the year ended March 31, 2012: ¥-46 million (−%)
| Net income per share | Diluted net income per share | |
|---|---|---|
| Yen | Yen | |
| First quarter, year ending March 31, 2013 |
84.85 | − |
| First quarter, year ending March 31, 2012 |
-3.28 | − |
Financial position
| Total assets | Net assets | Shareholders’ equity ratio | |
|---|---|---|---|
| Million yen | Million yen | % | |
| First quarter, year ending March 31, 2013 |
51,028 | 27,891 | 54.5 |
| Year ended March 31, 2012 | 49,087 | 27,113 | 55.1 |
(Reference) Shareholders’ equity
First quarter of the year ended March 31, 2013: ¥27,825 million
First quarter of the year ended March 31, 2012: ¥27,026 million
Dividends
| Annual dividends | |||||
|---|---|---|---|---|---|
| First quarter-end |
Second quarter-end |
Third quarter-end |
Year-end | Annual | |
| Yen | Yen | Yen | Yen | Yen | |
| Year ended March 31, 2012 | − | 10.00 | − | 30.00 | 40.00 |
| Year ended March 31, 2013 | − | ||||
| Year ended March 31, 2013 (Forecast) |
10.00 | − | 30.00 | 40.00 | |
Forecast earnings for the year ending March 31, 2013
| Net sales | Operating income |
Ordinary income |
Net income | Net income per share |
|||||
|---|---|---|---|---|---|---|---|---|---|
| Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
| First half ending September, 2013 |
25,000 | -11.0 | 1,500 | -29.2 | 1,500 | -27.4 | 800 | -25.7 | 54.11 |
| Entire – year | 55,000 | 16.8 | 4,000 | 13.5 | 4,000 | 12.9 | 2,300 | 38.3 | 155.57 |
Qualitative Information Regarding the Consolidated Results for the First Quarter
Qualitative Information Regarding Consolidated Operating Results
During the cumulative consolidated first quarter, while production activities and personal consumption indicate a modest recovery supported by demand associated with reconstruction in the aftermath of the Great East Japan Earthquake, the Japanese economy still remained in a severe situations due to the European sovereign debt crisis and power supply restrictions.
In the pachinko business, a part of the amusement industry in which the Daikoku Denki Group (“the Group”) is engaged, while pachinko hall operators, our customers, continued to invest in pachislot game machines which sustained a firm growth, the pachinko game machine industry commenced the rollout of new pachinko game machines with a wide range of game elements which comply with the new internal rules established by the Japan Game Machine Industry Association.
Under these market environments, the Information System Segment released “VEGASIA”, a new CR unit with enhanced security in conjunction with “C II” hall computing system. The Control System Segment enhanced efforts of reorganization of planning and development structure as well as research and development under the theme of eco with a goal of “contribution to customers.”
As a result, the Company’s cumulative consolidated results for the first quarter were ¥13,497 million in net sales(up 11.1% year-on-year), ¥2,032 million in operating income (up 994.0% year-on-year), and ¥2,121 million in ordinary income (up 891.2% year-on-year ).Consolidated net income for the quarter amounted to ¥1,254 million (compared with net loss of ¥1,254 million for the same period of the previous year).
Business results by segment are as follows:
The company made a change to the classification of the reporting segments from the consolidated first quarter. For year on year comparisons below, the figures of the previous year have been reclassified in accordance with the changed segmentations.
Information System Segment
During the cumulative consolidated first quarter, Information System Segment promoted a proposal to enhance security and effective management and to assist hall operations through use of “VEGASIA”, a CR unit loaded with an innovative functions for various peripheral devices coordinated mainly with “C II” hall computing system. This proposal received very positive reviews. In addition, “BiGMO,” a data display tool plainly communicating diversified pachislot game to the fans, and “IL-X,” a call-out lamp with colorful illumination, were also highly rated and the sales showed favorable results.
As a result, sales were ¥9,206 million (up 64.5%year-on-year), and segment income was ¥2,323 million (up 184.8% year-on-year).
Control System Segment
During the cumulative consolidated first quarter, Control System Segment redefined the scope of services and roles among the Group companies and strove for planning and proposal activities of hardware and software.
As a result, sales were ¥4,295 million (down 34.4% year-on-year), and segment income amounted to ¥243 million (compared with segment loss of ¥99 million for the same period of the previous year).
(Note) Figures of segment results include intersegment transactions.
Qualitative Information Regarding Consolidated Financial Position
Total assets at the end of the first quarter were ¥51,028 million, an increase of ¥1,941 million from the end of the previous consolidated fiscal year. The main factors for the increase were an increase in trade receivables resulting from stronger sales during this first consolidated quarter compared to the consolidated fourth quarter of the previous fiscal year, and an increase in inventories scheduled for sale in the second quarter or afterward, although there was a decrease in cash and deposits and a decrease in property, plants, and equipment due to depreciation.
Total liabilities at the end of the first quarter were ¥23,137 million, an increase of ¥1,163 million from the end of the previous consolidated fiscal year. The amount of increase in trade payables exceeded the amount of decrease by repayments of borrowings.
Total net assets at the end of the first quarter were ¥27,891 million, an increase of ¥777 million from those at the end of the previous consolidated fiscal year, due mainly to an increase in retained earnings resulting from favorable operating results. The Group’s equity ratio was 54.5% (down 0.6 percentage point compared to the end of the previous consolidated fiscal year).(3) Qualitative Information Regarding Forecast of Consolidated Operating Results There are no changes to second quarter and full-year earnings forecasts announced on May 11, 2012.