Japan Pure Chemical : ┗ Financial Statements for the Fiscal Year Ended March 31, 2022 (Non-Consolidated) （165KB） 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, 2022

(Based on Japanese GAAP)

Company name: JAPAN PURE CHEMICAL CO.,LTD.

Stock exchange listing: Tokyo

Stock code: Representative: Inquiries:

Tomoyuki Kojima
Satoru Kosaka
Scheduled date of ordinary general meeting of shareholders:	June 17, 2022
Scheduled date to file Securities Report:	June 17, 2022
Scheduled date to commence dividend payments:	June 3, 2022
Preparation of supplementary material on financial results:	Yes
Holding of financial results meeting:

4973 URLhttps://www.netjpc.comRepresentative Director and President Managing Director

TEL [phone]

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, 2022 (from April 1, 2021 to March 31, 2022)

(1) Non-consolidated operating results

April 25, 2022

Percentages indicate year-on-year changes

Net sales	Operating profit	Ordinary profit	Profit
Year ended March 31, 2022 Year ended March 31, 2021	Millions of yen 18,714 16,622	% 12.6 28.2	Millions of yen 1,201 955	% 25.8 (7.7)	Millions of yen 1,339 1,069	% 25.2 (8.2)	Millions of yen 974 790	% 23.2 (7.9)

Earnings per share	Diluted earnings per share	Profit/equity	Ordinary profit/total assets	Operating profit/net sales
Year ended March 31, 2022 Year ended March 31, 2021	Yen 166.80 136.53	Yen 165.16 134.53	% 7.2 6.7	% 8.1 7.4	% 6.4 5.7

(2) Non-consolidated financial position

Total assets	Net assets	Equity ratio	Net assets per share
As of March 31, 2022 As of March 31, 2021	Millions of yen 16,868 16,149	Millions of yen 14,243 13,249	% 83.9 81.1	Yen 2,416.61 2,259.10

(3) Non-consolidated cash flows

Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
Year ended March 31, 2022 Year ended March 31, 2021	Millions of yen 180 363	Millions of yen (93) (40)	Millions of yen (425) (447)	Millions of yen 3,729 4,069

2. Cash dividends

Annual dividends per share	Total cash dividends (Total)	Dividend payout ratio (Non-consolidated)	Ratio of dividends to net assets (Non-consolidated)
1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
Year ended March 31, 2021 Year ended March 31, 2022	Yen - -	Yen 40.00 40.00	Yen - -	Yen 40.00 50.00	Yen 80.00 90.00	Millions of yen 463 526	% 58.6 54.0	% 3.9 3.8
Year ending March 31, 2023 (Forecast)	-	40.00	-	40.00	80.00	-

3. Forecast of non-consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

Percentages indicate year-on-year changes

Net sales	Operating profit	Ordinary profit	Profit	Earnings per share
Full year	Millions of yen 20,000	% 6.9	Millions of yen 1,210	% 0.7	Millions of yen 1,350	% 0.8	Millions of yen 975	% 0.1	Yen 166.54

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:	Yes
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, 2022 6,317,200 shares

As of March 31, 2021 6,317,200 shares

As of March 31, 2022

6,317,200 shares As of March 31, 2021

Number of treasury shares at the end of the period

As of March 31, 2022 462,819 shares

As of March 31, 2021 520,283 shares

As of March 31, 2022

Average number of shares during the period

6,3

Year ended March 31, 2022 5,840,708 shares

Year ended March 31, 2021 5,790,159 shares

Year ended March 31, 2022

5,840,708 shares Year ended March 31

Non-consolidated financial statements Non-consolidated balance sheets

(Thousands of yen)
As of March 31, 2021	As of March 31, 2022
Assets Current assets Cash and deposits Notes receivable - trade Electronically recorded monetary claims - operating Accounts receivable - trade Merchandise and finished goods Raw materials and supplies Prepaid expenses Consumption taxes refund receivable Other Allowance for doubtful accounts	4,369,972 35,417 103,973 2,472,791 253,549 534,104 7,070 312,546 7,508 (313)	4,030,728 37,531 110,362 2,888,782 233,200 612,597 11,037 374,458 8,070 -
Total current assets	8,096,622	8,306,770
Non-current assets Property, plant and equipment Buildings Accumulated depreciation	172,096 (118,022)	172,096 (125,178)
Buildings, net	54,073	46,918
Machinery and equipment Accumulated depreciation	85,939 (77,085)	85,939 (79,374)
Machinery and equipment, net	8,853	6,564
Vehicles Accumulated depreciation	9,950 (8,118)	9,950 (8,728)
Vehicles, net	1,831	1,221
Tools, furniture and fixtures Accumulated depreciation	499,841 (418,497)	559,041 (491,062)
Tools, furniture and fixtures, net	81,344	67,979
Construction in progress	64,240	-
Total property, plant and equipment	210,343	122,684
Intangible assets Software Software in progress Telephone subscription right	72,402 3,377 466	37,812 10,345 466
Total intangible assets	76,245	48,624
Investments and other assets Investment securities Long-term prepaid expenses Guarantee deposits Other	7,723,637 1,593 36,562 4,845	8,341,863 8,017 36,562 3,969
Total investments and other assets	7,766,638	8,390,412
Total non-current assets	8,053,227	8,561,721
Total assets	16,149,849	16,868,491

(125,178)

(79,374)

(8,728)

(491,062)

(Thousands of yen)
As of March 31, 2021	As of March 31, 2022
Liabilities Current liabilities Accounts payable - trade Accounts payable - other Income taxes payable Provision for bonuses Accounts payable - facilities Other	619,169 93,263 145,610 60,423 89,716 34,706	213,268 22,757 205,226 68,238 6,968 34,476
Total current liabilities	1,042,889	550,935
Non-current liabilities Long-term accounts payable - other Deferred tax liabilities Asset retirement obligations	180,882 1,636,458 40,035	180,882 1,852,871 40,185
Total non-current liabilities	1,857,375	2,073,938
Total liabilities	2,900,265	2,624,874
Net assets Shareholders' equity Share capital Capital surplus Legal capital surplus	1,283,196 1,026,909	1,283,196 1,026,909
Total capital surplus	1,026,909	1,026,909
Retained earnings General reserve Retained earnings brought forward	4,900,000 2,977,256	4,900,000 3,474,612
Total retained earnings	7,877,256	8,374,612
Treasury shares	(1,212,677)	(1,078,759)
Total shareholders' equity	8,974,685	9,605,959
Valuation and translation adjustments Valuation difference on available-for-sale securities Deferred gains or losses on hedges	4,117,311 3,837	4,537,617 4,182
Total valuation and translation adjustments	4,121,148	4,541,799
Share acquisition rights	153,750	95,857
Total net assets	13,249,584	14,243,616
Total liabilities and net assets	16,149,849	16,868,491

(1,078,759)

Non-consolidated statements of income

(Thousands of yen)
Fiscal year ended March 31, 2021	Fiscal year ended March 31, 2022
Net sales Cost of sales Beginning finished goods inventory Cost of products manufactured	16,622,470 188,758 14,722,820	18,714,378 253,549 16,503,714
Total	14,911,578	16,757,264
Ending finished goods inventory	253,549	233,200
Cost of finished goods sold	14,658,028	16,524,063
Gross profit	1,964,441	2,190,314
Selling, general and administrative expenses	1,008,920	988,437
Operating profit	955,521	1,201,877
Non-operating income Interest income Dividend income Foreign exchange gains Miscellaneous income	54 110,142 - 4,236	40 130,862 1,248 5,801
Total non-operating income	114,434	137,953
Non-operating expenses Foreign exchange losses Miscellaneous losses	175 1	- 0
Total non-operating expenses	177	0
Ordinary profit	1,069,778	1,339,829
Extraordinary income Gain on sale of non-current assets Gain on reversal of share acquisition rights	240 3,504	- 1,158
Total extraordinary income	3,744	1,158
Extraordinary losses Loss on retirement of non-current assets	0	820
Total extraordinary losses	0	820
Profit before income taxes	1,073,523	1,340,167
Income taxes - current Income taxes - deferred	274,636 8,367	335,201 30,764
Total income taxes	283,003	365,965
Profit	790,519	974,201