![[Securities code:6430]](/en/wp-content/themes/daikoku_en/img/common/txt_header_code01.png){kind=small}
Business results for the third 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 | % | |
| Third quarter, year ending March 31, 2013 |
49,290 | 25.4 | 7,675 | 96.5 | 7,841 | 101.5 | 4,506 | 132.2 |
| Third quarter, year ending March 31, 2012 |
39,318 | 49.3 | 3,904 | 563.7 | 3,892 | 472.0 | 1,940 | − |
(Note) Comprehensive income
Third quarter of the year ended March 31, 2013: ¥4,508 million (129.9%)
Third quarter of the year ended March 31, 2012: ¥1,961 million (−%)
| Net income per share | Diluted net income per share | |
|---|---|---|
| Yen | Yen | |
| Third quarter, year ending March 31, 2013 |
304.85 | − |
| Third quarter, year ending March 31, 2012 |
131.27 | − |
Financial position
| Total assets | Net assets | Shareholders’ equity ratio | |
|---|---|---|---|
| Million yen | Million yen | % | |
| Third quarter, year ending March 31, 2013 |
59,075 | 30,781 | 52.1 |
| Year ended March 31, 2012 | 49,087 | 27,113 | 55.1 |
(Reference) Shareholders’ equity
Third quarter of the year ended March 31, 2013: ¥30,781 million
Third 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 | − | 30 | 40 |
| Year ended March 31, 2013 | − | 20 | − | ||
| Year ended March 31, 2013 (Forecast) |
30 | 50 | |||
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 Regarding the Consolidated Results for the Third Quarter
Qualitative Information Regarding Consolidated Operating Results
During the cumulative consolidated third quarter, while the Japanese economy showed a modest recovery supported by demand associated with reconstruction in the aftermath of the Great East Japan Earthquake, economic uncertainty continued due to a slowdown in the global economy.
In the pachinko business, a part of the amusement industry in which the Daikoku Denki Group (“the Group”) is engaged, pachislot game machines developed favorably, but it is hitting a plateau. In pachinko game machines, 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, but no big changes in the environment were observed so far.
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 pachinko hall operators, our customers, started to revise and adjust their conventional advertisements and operations accordingly.
Under these market environments, the Information System Segment promoted sales of “VEGASIA”, a new CR unit with enhanced functions through connection with “C II” hall computing system, information publication devices for fans, etc. The Control System Segment enhanced efforts of reorganization of planning and development structure as well asn 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 third quarter were ¥49,290 million in net sales(up 25.4% year-on-year), ¥7,675 million in operating income (up 96.5% year-on-year), and ¥7,841 million in ordinary income (up 101.5% year-on-year).Consolidated net income for the quarter amounted to ¥4,506 million (up 132.2% 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 third 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 store 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 ¥27,636 million (up 31.3% year-on-year), and segment income was ¥6,477 million (up 43.7% year on year).
Control System Segment
During the cumulative consolidated third quarter, the Control System Segment redefined the scope of services and roles among the Group companies and strove for planning and proposal activities for hardware and software, with strong sales of video processing units along with an increase in sales of peripheral components such as panels, memories and motors.
As a result, sales t were ¥21,661 million (up 18.5% year-on-year), and segment income amounted to ¥2,842 million (up 223.2% year on year).
(Note) Figures of segment results include intersegment transactions.
Qualitative Information Regarding Consolidated Financial Position
Total assets at the end of the third quarter were ¥59,075 million, an increase of ¥9,987 million from the end of the previous consolidated fiscal year. An increase in trade receivables resulting from strong sales during this third quarter period, and an increase in inventories scheduled for sale in this third quarter or afterward, exceeded a decrease in property, plants, and equipment due to impairment.
Total liabilities at the end of the third quarter were ¥28,293 million, an increase of ¥6,320 million from the end of the previous consolidated fiscal year. An increase in trade payables resulting from strong sales and an increase in income taxes payable due to improved operating results exceeded a decrease by repayments of short-term borrowings.
Total net assets at the end of the third quarter were ¥30,781 million, an increase of ¥3,667 million from the end of the previous consolidated fiscal year, due mainly to an increase in retained earnings resulting from improved operating results. The Group’s equity ratio was 52.1% (down3.0 percentage point compared to the end of the previous consolidated fiscal year).