Financialmixi
Quarterly Consolidated Balance Sheets (FY2013 Q3)
14 Feb 20144 pages~5 min full read
Net sales for Q3 FY2013 fell 36% year-over-year to ¥6,357 million, resulting in an operating loss of ¥509 million compared to a ¥2,342 million profit in the same period of 2012.
See it on page 2The company recorded a net loss of ¥1,573 million for the nine-month period ending December 31, 2013, impacted by ¥152 million in equity losses and ¥685 million in deferred income taxes.
See it on page 2Total assets declined to ¥17,623 million from ¥20,083 million at the end of the previous fiscal year, driven primarily by reductions in cash, deposits, and accounts receivable.
See it on page 1Despite the net loss, the company maintained a cash and cash equivalents balance of ¥9,628 million, bolstered by the liquidation of time deposits.
See it on page 4Investing activities generated a net inflow of ¥1,231 million, largely fueled by the withdrawal of time deposits to fund ¥925 million in subsidiary investments and ¥303 million in business transfers.
See it on page 4Goodwill increased significantly from ¥178 million to ¥1,036 million during the period, reflecting the company's recent strategic investments and business acquisitions.
See it on page 4The financial statements for the third quarter of fiscal year 2013 reveal a significant downturn in performance compared to the previous year. Net sales dropped by approximately 36%, falling from ¥9,922 million in the prior year’s third quarter to ¥6,357 million. This decline in revenue, coupled with relatively high selling, general, and administrative expenses, resulted in an operating loss of ¥509 million, a sharp reversal from the ¥2,342 million operating income reported during the same period in 2012.
The bottom-line results show a net loss of ¥1,573 million for the nine-month period ending December 31, 2013. This deficit was exacerbated by non-operating expenses, including ¥152 million in equity losses of affiliates, and a substantial increase in deferred income taxes totaling ¥685 million. Total assets decreased from ¥20,083 million at the end of the previous fiscal year to ¥17,623 million, primarily driven by a reduction in cash and deposits and accounts receivable.
Cash flow data indicates a shift in corporate strategy and liquidity management. While operating activities resulted in a net cash outflow of ¥570 million, investing activities provided a net inflow of ¥1,231 million, largely due to the withdrawal of time deposits. Notable investments included ¥925 million for the purchase of investments in subsidiaries and ¥303 million for business transfers, which contributed to a significant increase in goodwill from ¥178 million to ¥1,036 million. Despite the reported net loss, the company maintained a cash and cash equivalents balance of ¥9,628 million at the end of the period, supported by its existing reserves and investment liquidations.
