■Performance Trends
2. Financial Status and Management Indicators
The total assets of Delica Foods Holdings ＜3392＞ at the end of the 2024/3 fiscal year were 28,848 million yen, an increase of 3,981 million yen from the end of the previous fiscal year. Looking at the main factors of change, current assets increased by 1,252 million yen while cash and deposits decreased by 1,252 million yen due to payment of construction costs for the new plant (Osaka FS Center), accounts receivable increased by 1,076 million yen, and other current assets increased. Note, due to the effect that the end of March was a holiday, it is a factor of increase of about 700 million yen in accounts receivable. As for fixed assets, tangible fixed assets increased by 2,791 million yen due to the construction of a new plant, and investment securities increased by 212 million yen.
Total liabilities increased 2,946 million yen from the end of the previous fiscal year to 20,097 million yen. Interest-bearing debt increased by 2,202 million yen due to borrowing of new plant construction funds, accounts payable increased by 224 million yen, and asset removal liabilities increased by 204 million yen. Total net assets increased 1,035 million yen from the same period to 8,750 million yen. Retained earnings increased by 883 million yen, and valuation differences of other securities by 160 million yen, respectively.
In terms of management indicators, although the equity ratio declined 0.7 points from the end of the previous fiscal year due to an increase in interest-bearing debt, it remained in the 30% range. The net DE ratio was 1.09 times, slightly above 1.0 times the standard, but since demand for large funds also went round, it is expected that it will gradually improve in the future due to the expansion of earnings.
(Author: FISCO Visiting Analyst Joe Sato)