Prospect Co. Announcement: Closing Announcement of Fiscal Year Ended March 31, 2019

News provided by

Prospect Co., Ltd.

15 May, 2019, 15:23 GMT

[Japanese Standards] (Consolidated)

ST. PETER PORT, Guernsey, May 15, 2019 /PRNewswire/ --





May 15, 2019

Name of Listed Company:

Prospect Co., Ltd.

Listed on the Tokyo Stock Exchange

Code No.:

3528

URL: http://www.prospectjapan.co.jp

Representative:

(Title)

Representative Director and President

(Name) Masato Tabata

Contact Person:

(Title)

Chief of General Affairs

(Name) Jiro Taketani

TEL: 03-3470-8411

Scheduled Date of Holding Ordinary General Meeting of Shareholders:

June 27, 2019

Scheduled Date of Commencement of Dividend Payment:

-

Scheduled Date of Submitting Financial Report: June 27, 2019

Whether supplementary explanation materials for the closing are prepared:

Yes

Whether explanation meeting is held for the closing:

No






(Indicated by rounding off an amount less than 1 million yen)

1  Consolidated Results for Fiscal Year Ended March 31, 2019 (From April 1, 2018 to March 31, 2019)

(1) Consolidated Operating Results

(% indicates the rate of increase or decrease from the previous year.)











Sales

Operating profit

Ordinary profit

Net profit attributable to
owners of the parent

(million yen)

%

(million yen)

%

(million yen)

%

(million yen)

%

Fiscal Year Ended March 31, 2019

4,937

△57.8

△8,041

-

△8,167

-

△9,833

-

Fiscal Year Ended March 31, 2018

11,688

△17.4

△1,543

-

△1,098

-

1,483

596.5










(Note)

Fiscal Year Ended

March 31, 2019:

△9,669

(million yen)

(-%)

Fiscal Year Ended

March 31, 2018:

1,497

(million yen)

(805.80%)

Comprehensive income:











Net profit per share

Fully diluted net profit
per share

ROE

Ordinary profit ratio
of total assets

Operating profit
ratio of sales




(yen, sen)

(yen, sen)

%

%

%



Fiscal Year Ended March 31, 2019

△22.18

-

△47.9

△22.9

△162.9



Fiscal Year Ended March 31, 2018

4.46

4.09

8.0

△3.2

△13.2



(Reference) Equity method investment income:

Fiscal Year Ended

March 31, 2019:

△3

(million yen)

Fiscal Year Ended

March 31, 2018:

-

(million yen)

(2) Consolidated Financial Condition







Total assets

Net asset

Net worth ratio

Net asset per share





(million yen)

(million yen)

%

(yen, sen)




Fiscal Year Ended March 31, 2019

30,780

15,750

49.1

34.04




Fiscal Year Ended March 31, 2018

40,541

25,218

64

59.89




(Reference) Net worth:

Fiscal Year Ended
March 31, 2019:

15,122

(million yen)

Fiscal Year Ended
March 31, 2018:

25,944

(million yen)

(3) Status of Consolidated Cash Flow






Cash flow

Cash flow

Cash flow

Cash and cash equivalents




from operating activities

from investing activities

from financing activities

at end of period





(million yen)

(million yen)

(million yen)

(million yen)




Fiscal Year Ended March 31, 2019

△4,523

△2,634

1,624

5,049




Fiscal Year Ended March 31, 2018

1,864

961

2,446

10,651




2  Status of Dividend

Annual dividend

Total dividends

Dividend payout
ratio

Ratio of dividends
to net assets

End of 1st
quarter

End of 2nd
quarter

End of 3rd
quarter

End of period

Total

(annual)

(consolidated)

(consolidated)

(yen, sen)

(yen, sen)

(yen, sen)

(yen, sen)

(yen, sen)

(million yen)

%

%

Fiscal Year Ended March 31, 2018

-

-

-

4.00

4.00

1,732

89.7

6.7

Fiscal Year Ended March 31, 2019

-

-

-

-

-

-

-

-

Fiscal Year Ending March 31, 2020

-

-

-

1.00

1.00

-

(Forecast)

3. Expected Consolidated Results for Fiscal Year Ending March 31, 2020 (From April 1, 2019 to March 31, 2020)

The Company Group has proactively engaged in the biomass related business in Russia, also has expanded its Asset Management and Overseas Real Estate Development Division as one of its important segments. As these businesses tend to be significantly affected by changes in economic conditions and market environment, both domestically and abroad, it is extremely difficult to properly forecast ordinary business results. The Company has adopted a policy to make timely disclosure of closing business results and a summary of the businesses to be conducted on a quarterly basis, and not to disclose a forecast of consolidated business results.

* Precautions

(1)   Changes in material subsidiaries during the year (changes in specified subsidiaries accompanying changes in scope of consolidation): Yes

New: --- (Company Name: ---), Exclusion: 1 (Company Name: Kidoh Construction CO., LTD)

(2)   Changes in accounting policy, changes in accounting estimate and restatement

[1] Changes in accounting policy in connection with the amendment of accounting standards, etc.:  None

[2] Changes in accounting policy other than [1]above:  None

[3] Changes in accounting estimate: None

[4] Restatement:  None

(3)   Number of outstanding shares (common stocks)

[1]   Number of outstanding shares at the end
of term (including treasury stocks):

Fiscal Year Ended
March 31, 2019:

447,090,984

shares

Fiscal Year Ended
March 31, 2018:

435,992,628

shares

[2]   Number of treasury stocks at the end of term:

Fiscal Year Ended
March 31, 2019:

2,780,118

shares

Fiscal Year Ended
March 31, 2018:

2,779,484

shares

[3]   Average number of shares during the term:

Fiscal Year Ended
March 31, 2019:

443,397,949

shares

Fiscal Year Ended
March 31, 2018:

332,687,200

shares

(Reference) Overview of Individual Business Results

1  Individual Results for Fiscal Year Ended March 31, 2019 (From April 1, 2018 to March 31, 2019)

(1) Individual Operating Results

(% indicates the rate of increase or decrease from the previous year)











Sales

Operating profit

Ordinary profit

Net profit

(million yen)

%

(million yen)

%

(million yen)

%

(million yen)

%

Fiscal Year Ended March 31, 2019

3,985

△21.9

△751

-

△1,522

-

△8,190

-

Fiscal Year Ended March 31, 2018

5,103

△22.3

△1,123

-

△299

-

△335

-





















Net profit per share

Fully diluted net profit per share







(Yen, Sen)

(Yen, Sen)






Fiscal Year Ended March 31, 2019

△18.47

-






Fiscal Year Ended March 31, 2018

△1.01

-
















(2)  Individual Financial Condition






Total assets

Net asset

Net worth ratio

Net asset per share





(million yen)

(million yen)

%

(Yen, Sen)




Fiscal Year Ended March 31, 2019

21,221

16,018

72.2

34.5




Fiscal Year Ended March 31, 2018

32,799

25,396

75.3

56.98














(Reference) Net worth:

Fiscal Year Ended
March 31, 2019:

15,329

(million yen)

Fiscal Year Ended
March 31, 2018:

24,686

(million yen)

  • Closing announcements are not subject to audit by a certified public accountant or an audit corporation.
  • Explanation about Appropriate Use of the Forecast of Business Results and other Matters to be Noted

     (Matters to be Noted for Statement about the Future, etc.)

        Description regarding the future such as the forecast of business results stated in this material is based on information which the Company has currently obtained and certain assumptions that the Company determines to be reasonable, and does not make assurances of the achievement thereof by the Company. Also, actual results, etc., may significantly differ from the forecast depending on various factors. (For the conditions constituting the precondition of the forecast of business results and the matters to be noted, etc., in using the forecast of business results, refer to "1. Overview of Business Results, Etc., (4) Future Outlook" on p. 4 of the attached materials.) (the documents are currently being translated into English)

      (How to Obtain Supplementary Explanation Material for the Closing)

       The supplementary explanation material for the closing is disclosed via TDnet as of the same day.