Quarterly Consolidated Balance Sheets: FY2012 Q3
The consolidated financial statements for the third quarter of fiscal year 2012 detail a period of significant profitability and liquidity growth for the organization. Covering the nine-month period from April 1, 2012, to December 31, 2012, the data reflects a robust upward trend in net income and operational efficiency compared to the same period in the previous fiscal year. Net sales rose to ¥9,922 million, while a reduction in the cost of sales and selling, general, and administrative expenses contributed to a substantial increase in operating income, which climbed from ¥1,385 million to ¥2,342 million.
The bottom-line performance was further bolstered by extraordinary income, specifically a ¥406 million gain from the sale of subsidiary and affiliate stocks. Consequently, net income for the period reached ¥1,621 million, a more than threefold increase over the ¥474 million reported in the prior year. This profitability is reflected in the balance sheet, where retained earnings grew to ¥10,367 million, contributing to total net assets of ¥16,217 million. The organization maintained a strong liquidity position, ending the period with ¥12,555 million in cash and deposits, despite significant movements in investment activities.
Cash flow analysis indicates a healthy transition in operational health, with net cash provided by operating activities surging to ¥1,940 million from just ¥246 million in the previous year. This was driven primarily by higher income before taxes and a favorable decrease in accounts receivable. While investing activities resulted in a net outflow of ¥677 million—largely due to time deposit placements—the overall net increase in cash and cash equivalents reached ¥1,132 million. These figures suggest a period of strategic consolidation and financial strengthening, characterized by improved margins and successful asset divestment.
