![[Securities code:6430]](/en/wp-content/themes/daikoku_en/img/common/txt_header_code01.png){kind=small}
Business results for the second 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 | % | |
| Second quarter, year ending March 31, 2013 |
27,665 | -1.5 | 3,603 | 70.1 | 3,725 | 80.2 | 2,162 | 100.9 |
| Second quarter, year ending March 31, 2012 |
28,100 | 70.2 | 2,118 | 245.7 | 2,067 | 203.1 | 1,076 | 346.6 |
(Note) Comprehensive income
Second quarter of the year ended March 31, 2013: ¥2,165 million (98.9%)
Second quarter of the year ended March 31, 2012: ¥1,088 million (364.8%)
| Net income per share | Diluted net income per share | |
|---|---|---|
| Yen | Yen | |
| Second quarter, year ending March 31, 2013 |
146.30 | − |
| Second quarter, year ending March 31, 2012 |
72.83 | − |
Financial position
| Total assets | Net assets | Shareholders’ equity ratio | |
|---|---|---|---|
| Million yen | Million yen | % | |
| Second quarter, year ending March 31, 2013 |
52,490 | 28,733 | 54.7 |
| Year ended March 31, 2012 | 49,087 | 27,113 | 55.1 |
(Reference) Shareholders’ equity
Second quarter of the year ended March 31, 2013: ¥28,733 million
Second 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 | − | 20.00 | |||
| Year ended March 31, 2013 (Forecast) |
− | 30.00 | 50.00 | ||
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 | |
| Entire – year | 56,000 | 18.9 | 5,000 | 41.8 | 5,000 | 41.2 | 2,700 | 62.3 | 182.63 |
Qualitative Information for Regarding the Consolidated Results for the Second Quarter
Qualitative Information Regarding Consolidated Operating Results
During the cumulative consolidated second quarter ending September 30, 2012, while the Japanese economy showed a modest recovery supported by demand associated with reconstruction in the aftermath of the Great East Japan Earthquake, the outlook remains unpredictable due to the global economic downturns stemming from economic uncertainly in Europe and China.
In the pachinko business, a part of the amusement industry in which Daikoku Denki Group (“the Group”) is engaged, pachinko hall operators, our customers, continued to achieve good performance in pachislot game business. In pachinko game machines, from the consolidated fiscal year, new pachinko game machines with a wide range of game elements launched in the market in line with the new internal rules established by the Japan Game Machine Industry Association. In addition, to respond to the notice “Thorough Improvement of Advertising Activities” issued by the Safety Division of the Community Safety Bureau, the National Police Agency in July 2012, the amusement industry started to revise and adjust its conventional advertisements and operations accordingly.
Under these market environments, the Information System Segment promoted sales of “VEGASIA,” a new CR unit with enhanced functions in conjunction with “C II” hall computing system, the Information Publication System for fans, etc.” 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 second quarter were ¥27,665 million in net sales(down 1.5% year-on-year), ¥3,603 million in operating income (up 70.1% year-on-year), and ¥3,725 million in ordinary income (up 80.2% year-on-year).Consolidated net income for the quarter amounted to ¥2,162 million (up 100.9% year-on-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, the Information System Segment strengthened further encouragement and expansion of “C II Standard,” a hall supporting service system using the MIRAIGATE network. In addition, “VEGASIA”, a new CR unit launched in April 2012, garnered a high reputation for its enhanced functions through integration with the hall computing system. In addition, the sales of “BiGMO,” a data display tool per machine, and “IL-X,” a data call-out lamp was strong as the market accepted their innovative user-friendly performance in displaying the characteristics of various game machines to the fans.
As a result, sales were ¥16,724 million (up 44.8% year-on-year), and segment income was ¥4,030 million (up 128.2% year-on-year).
Control System Segment
During the cumulative consolidated first quarter, the Control System Segment redefined the scope of services and roles among the Group companies and concentrated on planning and proposal activities of the hardware and software.
As a result, sales were ¥10,947 million (down 33.9% year-on-year), and segment income amounted to ¥549 million (down 58.6% year-on-year).
(Note) Figures of segment results include intersegment transactions.
Qualitative Information Regarding Consolidated Financial Position
Total assets at the end of the second quarter, 2012 were ¥52,490 million, an increase of ¥3,402 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 consolidated net sales during this second consolidated quarter compared to the consolidated fourth quarter of the previous fiscal year, and an increase in inventories scheduled for sale in the third 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 second quarter were ¥23,756 million, an increase of ¥1,783 million from those at the end of the previous consolidated fiscal year. The main factor for the increase was an increase in trade payables and income taxes payable, which exceeded a decrease in borrowings by reducing interest-bearing debts.
Total net assets at the end of the second quarter were ¥28,733 million, an increase of ¥1,619 million from 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 54.7% (down 0.4 percentage point compared to the end of the previous consolidated fiscal year).