Consolidated Financial Results for the First Quarter Ended June 30, 2024 [J-GAAP]
Heiwa Corporation
August 8, 2024
Stock code:
URL:
Shares listed:
Representative:
Contact:

6412
https://www.heiwanet.co.jp/
Tokyo Stock Exchange
Katsuya Minei, Representative Director and President
Takashi Koiwai, General Manager of Management Planning GroupTEL: +81-3-3839-0701
Scheduled date of the filing of the quarterly report: August 8, 2024
Preparation of supplementary briefing materials for the quarterly financial results: Yes
Holding of any briefing session for the quarterly financial results: NoI. Financial Highlights
As of and for the three months ended June 30, 2023 and 2024
(Amounts less than one million yen are omitted.)

1. Consolidated Operating Results
Three months ended
June 30, 2023

YoY

Three months ended
June 30, 2024

YoY

(million yen)(%)(million yen)(%)

(1) Consolidated financial results
Net sales
34,942
0.6
Operating income
7,491
(4.6)
Ordinary income
7,436
(5.0)
Profit attributable to owners of parent
4,943
(7.7)
Earnings per share (yen)50.13
Diluted earnings per share (yen)—(Note) Comprehensive income:Three months ended June 30, 2024: ¥ 5,490 million, 6.8% YoY
Three months ended June 30, 2023: ¥ 5,142 million, (0.1%) YoY
As of March 31, 2024

35,586
8,654
8,725
5,628
57.07
—

1.8
15.5
17.3
13.8

As of June 30, 2024
(million yen)

(2) Consolidated financial position
Total assets
Net assets
Shareholders’ equity ratio (%)
Net assets per share (yen)(Reference) Shareholders’ equity:
As of June 30, 2024: ¥240,730 million
As of March 31, 2024: ¥239,185 million

428,029
239,18555.9
2,425.14

420,226
240,73057.3
2,440.81

2. Dividends
1Q-endAnnual dividends per share
2Q-end3Q-endYear-end
(yen)
40.00
—
40.00

FY3/2024—
FY3/2025—
FY3/2025 (Forecast)
40.00(Note) Revision of the most recently disclosed dividend forecast: None

- 1—

-40.00

Total
80.00
80.00

3. Consolidated Results Forecast for Year Ending March 31, 2025
FY 3/2025
Full year(million yen)
158,200
30,00029,20020,000202.78Net sales
Operating income
Ordinary income
Profit attributable to owners of parent
Earnings per share (yen)YoY(%)(Note)
1. Revision of the most recently disclosed consolidated results forecast: None
2. The Group conducts performance management on an annual basis, so only full-year consolidated forecasts is released.

* This quarterly statement of financial results is not subject to quarterly review procedures.
* Explanations about the appropriate use of the consolidated results forecasts and other noteworthy points:
1. Forward-looking statements in this document, such as the consolidated financial results outlook, are based on
information currently available to the Company and certain assumptions deemed reasonable. The Company does notguarantee the accuracy of these forecasts. Furthermore, actual results, etc. may differ significantly from forecast
figures due to a number of factors.
2. Supplementary briefing materials for the quarterly financial results will be posted on the Company’s homepage
after this financial results is released.

- 2-

16.0
28.0
28.4
20.4
—

II. Consolidated financial statements
1. Consolidated balance sheet(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims –operating
Securities
Merchandise and finished goods
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations –operatingCurrent portion of long-term borrowings
Income taxes payableProvisions
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities- 3-

As of June 30, 2024

33,865
9,876

24,956
9,134

1,695

1,665

23,8482,223
15,302
10,941(346)
97,40622,398
1,865
16,488
11,211(351)
87,368

63,119218,390
18,124
299,634

62,699218,470
21,273
302,443

5,705
3,892
9,597

5,607
3,816
9,424

8,796
12,812(217)
21,391
330,623
428,029

8,593
12,612(217)
20,988332,857
420,226

3,241

2,052

7,872

6,958

10,423
5,751
1,242
22,44750,978

10,2881,907
514
20,30742,02894,276
5,291
38,296
137,865
188,843

92,917
5,287
39,261
137,466
179,495

(Millions of yen)
As of March 31, 2024
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeTotal net assets
Total liabilities and net assets- 4-

As of June 30, 2024

16,75554,864
168,438(1,356)
238,701

16,75554,864
170,121(1,356)240,384

481

340

35484

346

239,185
428,029

240,730
420,226

2. Consolidated statements of income and comprehensive income(Millions of yen)Three months ended
June 30, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating incomeInterest income
Dividend income
Insurance claim income
Electricity sale income
Gain on sale of non-current assets
Other
Total non-operating income
Non-operating expenses
Interest expenses
Commission expenses
Loss on retirement of non-current assets
Provision for loss on disaster
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Total extraordinary income
Extraordinary losses
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable toProfit attributable to owners of parent
Other comprehensive income
Valuation difference on available-for-salesecurities
Remeasurements of defined benefit plans, net oftax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent- 5-

Three months ended
June 30, 2024

34,942
22,427
12,5155,024
7,491

35,586
21,75913,827
5,173
8,654

21
16
2
38
0
57
136

17
29
121
35
70
62
336

97
7
4
27
54
191
7,436

133
13
12
71
32
264
8,725

－

－

－
7,436
2,492
4,943

－
8,725
3,097
5,628

4,943

5,628

189

(141)

9

2

198
5,142

(138)
5,4905,142

5,490

3. Consolidated statements of cash flows(Millions of yen)Three months ended
June 30, 2023
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit
liability
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sale of non-current assets
Loss on retirement of non-current assets
Decrease (increase) in advance payments tosuppliers
Decrease (increase) in consumption taxes
refund receivable
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued consumption
taxes
Increase (decrease) in advances received
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Income taxes refund
Net cash provided by (used in) operating
activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of short-term and long-term
investment securities
Proceeds from sale and redemption of shortterm and long-term investment securities
Purchase of property, plant and equipment
Proceeds from sale of property, plant andequipment
Purchase of intangible assets
Other, net
Net cash provided by (used in) investing
activities
Cash flows from financing activities
Repayments of long-term borrowings
Purchase of treasury shares
Dividends paid
Other, net
Net cash provided by (used in) financing
activities- 6-

Three months ended
June 30, 2024

7,436
2,141

8,725
2,180

44(718)(661)

50(37)
97
(0)
(0)
4(46)
133
(0)
(70)
12160

128

(1)

(7)

1,154
(730)
(1,249)(1,102)767(828)(2,312)
(897)

(2)

639

(1,131)
327
6,358
34
(97)
(3,562)
2(1,251)
(147)
6,370
48
(121)
(5,688)
－

2,734

608

(6,630)10,640(4,000)1,880(17,648)(15,498)

20,64815,497(2,435)(5,616)

1

70

(26)
(8)

(28)
22

4,541

(7,672)(1,567)(1)(3,776)(131)(1,494)(0)(3,778)(148)(5,477)(5,422)

Three months ended
June 30, 2023
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

Three months ended
June 30, 2024
00

1,798

(12,485)

34,45636,25539,874
27,3894. Segment Information
A. Previous consolidated cumulative first quarter (April 1, 2023 to June 30, 2023)(Million yen)
Reporting segment
Adjustments

Amount recorded inquarterly consolidated
statements of income andconsolidated statements ofcomprehensive income32,550—

32,550Pachinko
andPachislot
machinebusiness

Golfbusiness

Total

Assets transferred at a point
in time

9,304

23,246

Assets transferred over time

Net sales

—

2,392

2,392

—

2,392

Revenue from contracts
with customers

9,304

25,63834,942—

34,942

Net sales to external customers

9,304

25,63834,942—

34,94200(0)—Internal net sales and transfers
between segments
Total

9,304

25,63934,943(0)34,942

Segment profit

1,519

6,655

8,174

(683)

7,491

B. Consolidated cumulative first quarter under review (April 1, 2024 to June 30, 2024)(Million yen)
Reporting segment
Adjustments

Amount recorded inquarterly consolidated
statements of income andconsolidated statements ofcomprehensive income

33,077—33,077

2,509

2,509

—

2,509

8,608

26,97735,586—35,586

Net sales to external customers

8,608

26,97735,586—35,586

Internal net sales and transfers
between segments

—

00(0)

—

Total

8,608

26,97835,587(0)35,586

Segment profit

2,272

7,082

9,354

(700)

8,654

PachinkoandPachislot
machinebusiness

Golfbusiness

Total

Assets transferred at a point
in time8,608

24,468Assets transferred over time—

Revenue from contracts
with customers

Net sales- 7-