Japan Pure Chemical : ┗ First Quarter Financial Results Ended June 30, 2021 For the Fiscal Year Ending March 31, 2022 (Non-Consolidated) （130KB） 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 Three Months Ended June 30, 2021

(Based on Japanese GAAP)

																	July 26, 2021
Company name:	JAPAN PURE CHEMICAL CO.,LTD.
Stock exchange listing:	Tokyo
Stock code:	4973	URL	https://www.netjpc.com
Representative:	Representative Director, Chairman and			Masao Watanabe
President
Inquiries:	Managing Director					Satoru Kosaka		TEL	03-3550-1048
Scheduled date to file Quarterly Securities Report:			August 6, 2021
Scheduled date to commence dividend payments:			-
Preparation of supplementary material on quarterly financial results:		Yes
Holding of quarterly financial results meeting:			No
										(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the three months ended June 30, 2021 (from April 1, 2021 to June 30, 2021)
(1) Non-consolidated operating results (cumulative)							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		%
Three months ended June 30, 2021		5,108		31.3		266	48.1			326		39.4		237		38.8
Three months ended June 30, 2020		3,891		42.6		179	(20.6)			233		(17.8)		170		(19.6)
			Earnings per share			Diluted earnings per share
						Yen				Yen
Three months ended June 30, 2021				40.88				40.30
Three months ended June 30, 2020				29.56				29.15
(2) Non-consolidated financial position
			Total assets				Net assets	Equity ratio		Net assets per share
			Millions of yen			Millions of yen					%				Yen
As of June 30, 2021			15,629					13,029					82.8		2,215.38
As of March 31, 2021			16,149					13,249					81.1		2,259.10
2. Cash dividends
								Annual dividends per share
			1st quarter-end	2nd quarter-end		3rd quarter-end		Fiscal year-end	Total
			Yen				Yen			Yen				Yen			Yen
Year ended March 31, 2021			-		40.00			-				40.00			80.00
Year ending March 31, 2022			-
Year ending March 31, 2022 (Forecast)				40.00			-				40.00			80.00

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

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4. Notes

1. Application of special accounting methods for preparing quarterly non-consolidated financial statements: No
2. 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

(3) Number of issued shares (common shares)

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

	As of June 30, 2021	6,317,200	shares	As of March 31, 2021	6,317,200	shares
Number of treasury shares at the end of the period
	As of June 30, 2021	478,083	shares	As of March 31, 2021	520,283	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Three months ended June 30, 2021	5,804,762	shares	Three months ended June 30, 2020	5,781,165	shares

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Quarterly non-consolidated financial statements

Non-consolidated balance sheets

			(Thousands of yen)
		As of March 31, 2021	As of June 30, 2021
Assets
Current assets
Cash and deposits	4,369,972	4,147,785
Notes and accounts receivable - trade	2,612,183	2,750,864
Merchandise and finished goods	253,549	251,803
Raw materials and supplies	534,104	369,291
Other	327,125	439,064
Allowance for doubtful accounts	(313)	-
Total current assets	8,096,622	7,958,809
Non-current assets
Property, plant and equipment	210,343	183,920
Intangible assets	76,245	67,704
Investments and other assets
Investment securities	7,723,637	7,373,135
Other	43,000	45,938
Total investments and other assets	7,766,638	7,419,074
Total non-current assets	8,053,227	7,670,698
Total assets	16,149,849	15,629,507
Liabilities
Current liabilities
Accounts payable - trade	619,169	595,950
Income taxes payable	145,610	30,566
Provision for bonuses	60,423	30,933
Other	217,686	137,021
Total current liabilities	1,042,889	794,471
Non-current liabilities
Long-term accounts payable - other	180,882	180,882
Deferred tax liabilities	1,636,458	1,584,629
Asset retirement obligations	40,035	40,072
Total non-current liabilities	1,857,375	1,805,583
Total liabilities	2,900,265	2,600,054
Net assets
Shareholders' equity
Share capital	1,283,196	1,283,196
Capital surplus	1,026,909	1,026,909
Retained earnings	7,877,256	7,866,777
Treasury shares	(1,212,677)	(1,114,317)
Total shareholders' equity	8,974,685	9,062,566
Valuation and translation adjustments
Valuation difference on available-for-sale securities	4,117,311	3,871,969
Deferred gains or losses on hedges	3,837	1,326
Total valuation and translation adjustments	4,121,148	3,873,295
Share acquisition rights	153,750	93,591
Total net assets	13,249,584	13,029,453
Total liabilities and net assets		16,149,849	15,629,507

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Non-consolidated statements of income (cumulative)

			(Thousands of yen)
		Three months ended	Three months ended
		June 30, 2020	June 30, 2021
Net sales	3,891,657	5,108,728
Cost of sales	3,452,139	4,584,064
Gross profit	439,518	524,664
Selling, general and administrative expenses	259,782	258,464
Operating profit	179,736	266,199
Non-operating income
Interest income	15	2
Dividend income	53,357	58,576
Other	1,150	1,507
Total non-operating income	54,523	60,086
Non-operating expenses
Foreign exchange losses	325	275
Other	0	-
Total non-operating expenses	326	275
Ordinary profit	233,933	326,010
Extraordinary income
Gain on sale of non-current assets	240	-
Gain on reversal of share acquisition rights	484	624
Total extraordinary income	724	624
Extraordinary losses
Total extraordinary losses	-	-
Profit before income taxes	234,657	326,635
Income taxes - current	31,174	31,786
Income taxes - deferred	32,580	57,557
Total income taxes	63,754	89,343
Profit		170,902	237,291

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