Nishimatsu Construction Co., Ltd.
Notice on Business Performance for
the 1st Quarter from April 1 to June 30,2009
as
of 7th August 2009
1. Financial Results (abstract)
Consolidated
| |
Millions of Yen |
Millions of Yen |
Thousands of
U.S. Dollars |
| (1) Result of
Operations |
2009(1stQuarter) |
2008(1stQuarter) |
2009(1stQuarter) |
| |
|
|
|
| Net
Sales |
75,183 |
77,514 |
783,085 |
| Income from Operations |
-1,604 |
-1,880 |
-16,715 |
| Ordinary Profit |
-1,167 |
-65 |
-12,162 |
| Net
Income |
-1,303 |
-103 |
-13,577 |
| |
|
|
|
| |
|
|
|
| Per Share of Common stock (In
Yen) |
|
|
|
| Net
Income |
-4.70yen |
-0.37yen |
-0.049dollars |
| |
|
|
|
| |
|
|
|
| (2) Assets and Equity |
|
|
|
| |
|
|
|
| Total
Assets |
557,267 |
642,253 |
5,804,263 |
| Total
Shareholders' Equity |
157,682 |
169,470 |
1,642,359 |
| Equity/ Assets Ratio (%) |
28.2% |
26.3% |
28.2% |
| Shareholders' Equity per Share (In
Yen) |
566.53yen |
609.24yen |
5.901dollars |
| |
Millions of Yen |
Millions of Yen |
| (3) Forecast for Fiscal Year 2009 |
2nd Quarter |
Whole
Year |
| |
|
|
| Net
Sales |
145,000 |
446,000 |
| Income from Operations |
-1,800 |
3,700 |
| Ordinary Profit |
-1,300 |
3,600 |
| Net
Income |
-900 |
3,100 |
Please note that
the above business forecast is based on information available at the
time of the 1st quarter Report , and so there is a possibility of
change due to various factors.
2. Non-Consolidated Business Performance for the
1st Quarter ending June 30, 2009
|
|
Orders
Received
(millions of yen) |
Growth
(%) |
|
2009 |
45,140 |
2.4% |
|
2008 |
44,080 |
-42.5% |
Note: (a). Financial figures
herein are simply rounded down to the nearest millions of yen.
(b).
The percent figure shows the rate compared with the same period from
last year.
Breakdown of Non-Consolidated
Orders Received
|
|
1st
Quarter from April 1 to June 30 |
|
2009 |
2008 |
|
Millions
of
yen |
％ |
Millions
of
yen |
％ |
|
Construction |
|
|
|
|
|
Civil Engineering |
|
|
|
|
|
Domestic-Public Sector |
8,850 |
19.6 |
2,737 |
6.2 |
|
Domestic-Private Sector |
4,611 |
10.2 |
6,133 |
13.9 |
|
Overseas |
12,587 |
27.9 |
176 |
0.4 |
|
Civil Engineering Sub-total |
26,049 |
57.7 |
9,048 |
20.5 |
|
Buildings |
|
|
|
|
|
Domestic-Public Sector |
2,415 |
5.4 |
1,180 |
2.7 |
|
Domestic-Private Sector |
13,913 |
30.8 |
31,915 |
72.4 |
|
Overseas |
167 |
0.4 |
188 |
0.4 |
|
Buildings Sub-total |
16,495 |
36.6 |
33,284 |
75.5 |
|
Domestic-Public Sector Total |
11,266 |
25.0 |
3,918 |
8.9 |
|
Domestic-Private Sector Total |
18,524 |
41.0 |
38,048 |
86.3 |
|
Overseas Total |
12,754 |
28.3 |
365 |
0.8 |
|
Total |
42,545 |
94.3 |
42,333 |
96.0 |
| |
|
|
|
|
|
Real Estate, etc. |
2,594 |
5.7 |
1,747 |
4.0 |
|
Grand
Total |
45,140 |
100.0 |
44,080 |
100.0 |
3. Non-Consolidated Business Performance
for Financial Year ending March 31, 2010
|
|
Orders Received
(millions of yen) |
Growth
(%) |
|
2009(forecast) |
316,500 |
14.4% |
|
2008(actual) |
276,677 |
-31.3% |
Note: (a). Financial figures herein are simply
rounded down to the nearest millions of yen.
(b).
The percent figure shows the rate compared with the same period from
last year.
〔Qualitative information
on Non-Consolidated orders received〕
Non-consolidated orders
received for this quarter increased 1.1 billion yen, or 2.4%,
compared with the same period from last year. The main
factors for this can be attributed to an approx. 7.3 billion yen
increase in orders received for the domestic-public
sector, an approx. 12.4 billion
yen increase in orders received for overseas orders, and an approx. 19.5 billion
yen decrease in orders received for the
domestic-private sector.
Note 1: Figures in US$ in this report are converted from
yen at the rate of 96.01JPY=US$1.00, the rate prevailing on
30th June 2009, for the readers' convenience only.
Note 2: Net income per share of common stock is based upon
the weighted average number of shares of common stock
outstanding during each year.
Note 3: There is a tendency for costs to be
comparatively larger than sales for the 1st quarter due to the
fact that the amount for sales depends on the progress of a
project in comparison to fixed costs such as salaries for
employees, etc. which occur independently. The operating results
for the 1st quarter are favorable in comparison to the expected
semiannual and annual results of the last fiscal year.
Note
4:
With regard to recognition of sales
for completed projects, the Company had adopted the percentage
of completion method for long-term major projects (with project
value of over ¥100 million and duration of over one year), while
the Company has used the completed contract method for other
projects. Starting this 1st
quarter,
the Company adopted the percentage of completion method for the
projects starting this quarter, which progress’s reasonably
measured until end of this quarter, and used the completed
contract method for other projects.
For overseas consolidated
subsidiaries, the Group has, in principle, adopted the
percentage of completion method. |
Copyright
© 2009 Nishimatsu Construction Co., Ltd. All Rights Reserved.
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