Japan Pure Chemical : ┗ Financial Statements for the Fiscal Year Ended March 31, 2021 (Non-Consolidated) （161KB） NEW

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Non-Consolidated Financial Results

for the Year Ended March 31, 2021

(Based on Japanese GAAP)

Company name:	JAPAN PURE CHEMICAL CO.,LTD.
Stock exchange listing:	Tokyo
Stock code:	4973	URL https://www.netjpc.com

April 23, 2021

Representative:

Representative Director, Chairman and President

Masao Watanabe

Inquiries:

Director and General Manager of Corporate Planning Division

Tomoyuki Kojima

TEL [phone]

Scheduled date of ordinary general meeting of shareholders: Scheduled date to file Securities Report:

Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: Holding of financial results meeting:

June 18, 2021
June 18, 2021
June 4, 2021
Yes
Yes	(for institutional investors and analysts)

										(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the year ended March 31, 2021 (from April 1, 2020 to March 31, 2021)
(1) Non-consolidated operating results											Percentages indicate year-on-year changes
	Net sales			Operating profit	Ordinary profit			Profit
	Millions of yen		%	Millions of yen		%	Millions of yen		%	Millions of yen		%
Year ended March 31, 2021	16,622		28.2	955		(7.7)		1,069		(8.2)			790		(7.9)
Year ended March 31, 2020	12,969		24.9	1,034		2.1		1,165		0.9			858		1.7
	Earnings per share		Diluted earnings per		Profit/equity		Ordinary profit/total	Operating profit/net
						share							assets				sales
		Yen			Yen			%						%					%
Year ended March 31, 2021		136.53		134.53				6.7						7.4					5.7
Year ended March 31, 2020		148.58		146.61				8.3						9.5					8.0
(2) Non-consolidated financial position
	Total assets			Net assets		Equity ratio		Net assets per share
	Millions of yen	Millions of yen						%						Yen
As of March 31, 2021		16,149					13,249						81.1			2,259.10
As of March 31, 2020		12,645					10,750						83.8			1,834.00
(3) Non-consolidated cash flows
	Cash flows from	Cash flows from	Cash flows from	Cash and cash equivalents
	operating activities	investing activities	financing activities		at end of period
	Millions of yen	Millions of yen		Millions of yen		Millions of yen
Year ended March 31, 2021				363					(40)						(447)						4,069
Year ended March 31, 2020				250					(152)						(442)						4,193
2. Cash dividends
					Annual dividends per share					Total cash	Dividend payout		Ratio of dividends
														ratio		to net assets
	1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total			dividends (Total)	(Non-consolidated)	(Non-consolidated)
	Yen				Yen	Yen		Yen	Yen	Millions of yen	%				%
Year ended March 31, 2020	-			40.00	-		40.00	80.00			462	53.8				4.5
Year ended March 31, 2021	-			40.00	-		40.00	80.00			463	58.6				3.9
Year ending March 31, 2022	-			40.00	-				40.00	80.00					-
(Forecast)

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3. Forecast of non-consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

Percentages indicate year-on-year changes

	Net sales		Operating profit	Ordinary profit	Profit		Earnings per share
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Full year	17,000	2.3	1,090	14.1	1,200	12.2	870	10.1	150.08

4. Notes

(1) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements

Changes in accounting policies due to revisions to accounting standards and other regulations:	No
Changes in accounting policies due to other reasons:	No
Changes in accounting estimates:	No
Restatement of prior period financial statements:	No

(2) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

	As of March 31, 2021	6,317,200	shares	As of March 31, 2020	6,317,200	shares
Number of treasury shares at the end of the period
	As of March 31, 2021	520,283	shares	As of March 31, 2020	537,000	shares
Average number of shares during the period
	Year ended March 31, 2021	5,790,159	shares	Year ended March 31, 2020	5,775,495	shares

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Non-consolidated financial statements

Non-consolidated balance sheets

			(Thousands of yen)
		As of March 31, 2020	As of March 31, 2021
Assets
Current assets
Cash and deposits	4,494,088	4,369,972
Notes receivable - trade	33,403	35,417
Electronically recorded monetary claims - operating	93,287	103,973
Accounts receivable - trade	1,828,147	2,472,791
Merchandise and finished goods	188,758	253,549
Raw materials and supplies	789,819	534,104
Prepaid expenses	7,070	7,070
Consumption taxes receivable	256,343	312,546
Other	9,146	7,508
Allowance for doubtful accounts	(234)	(313)
Total current assets	7,699,829	8,096,622
Non-current assets
Property, plant and equipment
Buildings	163,453	172,096
Accumulated depreciation	(110,776)	(118,022)
Buildings, net	52,676	54,073
Machinery and equipment	83,829	85,939
Accumulated depreciation	(79,215)	(77,085)
Machinery and equipment, net	4,613	8,853
Vehicles	9,270	9,950
Accumulated depreciation	(8,764)	(8,118)
Vehicles, net	506	1,831
Tools, furniture and fixtures	493,466	499,841
Accumulated depreciation	(396,185)	(418,497)
Tools, furniture and fixtures, net	97,281	81,344
Construction in progress	-	64,240
Total property, plant and equipment	155,077	210,343
Intangible assets
Software	105,628	72,402
Software in progress	2,068	3,377
Telephone subscription right	466	466
Total intangible assets	108,162	76,245
Investments and other assets
Investment securities	4,635,129	7,723,637
Long-term prepaid expenses	4,805	1,593
Guarantee deposits	36,562	36,562
Other	5,448	4,845
Total investments and other assets	4,681,945	7,766,638
Total non-current assets	4,945,186	8,053,227
Total assets		12,645,016	16,149,849

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			(Thousands of yen)
		As of March 31, 2020	As of March 31, 2021
Liabilities
Current liabilities
Accounts payable - trade	585,577	619,169
Accounts payable - other	53,313	93,263
Income taxes payable	167,389	145,610
Advances received	12,090	-
Provision for bonuses	61,458	60,423
Accounts payable - facilities	3,806	89,716
Other	35,244	34,706
Total current liabilities	918,879	1,042,889
Non-current liabilities
Long-term accounts payable - other	248,232	180,882
Deferred tax liabilities	687,079	1,636,458
Asset retirement obligations	39,886	40,035
Total non-current liabilities	975,197	1,857,375
Total liabilities	1,894,077	2,900,265
Net assets
Shareholders' equity
Share capital	1,283,196	1,283,196
Capital surplus
Legal capital surplus	1,026,909	1,026,909
Other capital surplus	937	-
Total capital surplus	1,027,846	1,026,909
Retained earnings
Other retained earnings
General reserve	4,900,000	4,900,000
Retained earnings brought forward	2,652,522	2,977,256
Total retained earnings	7,552,522	7,877,256
Treasury shares	(1,251,617)	(1,212,677)
Total shareholders' equity	8,611,948	8,974,685
Valuation and translation adjustments
Valuation difference on available-for-sale securities	1,983,858	4,117,311
Deferred gains or losses on hedges	5,108	3,837
Total valuation and translation adjustments	1,988,966	4,121,148
Share acquisition rights	150,024	153,750
Total net assets	10,750,939	13,249,584
Total liabilities and net assets		12,645,016	16,149,849

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Non-consolidated statements of income

			(Thousands of yen)
		Fiscal year ended	Fiscal year ended
		March 31, 2020	March 31, 2021
Net sales	12,969,564	16,622,470
Cost of sales
Beginning finished goods inventory	142,292	188,758
Cost of products manufactured	10,900,632	14,722,820
Total	11,042,925	14,911,578
Ending finished goods inventory	188,758	253,549
Cost of finished goods sold	10,854,167	14,658,028
Gross profit	2,115,397	1,964,441
Selling, general and administrative expenses	1,080,580	1,008,920
Operating profit	1,034,816	955,521
Non-operating income
Interest income	70	54
Dividend income	125,393	110,142
Miscellaneous income	5,262	4,236
Total non-operating income	130,726	114,434
Non-operating expenses
Foreign exchange losses	360	175
Miscellaneous losses	1	1
Total non-operating expenses	361	177
Ordinary profit	1,165,180	1,069,778
Extraordinary income
Gain on sale of non-current assets	-	240
Gain on reversal of share acquisition rights	1,219	3,504
Total extraordinary income	1,219	3,744
Extraordinary losses
Loss on retirement of non-current assets	65	0
Total extraordinary losses	65	0
Profit before income taxes	1,166,334	1,073,523
Income taxes - current	318,040	274,636
Income taxes - deferred	(9,833)	8,367
Total income taxes	308,207	283,003
Profit		858,127	790,519

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