Japan Pure Chemical : ┗ Second Quarter Financial Results Ended September 30, 2021 For the Fiscal Year Ending March 31, 2022 (Non-Consolidated) （132KB） 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 Six Months Ended September 30, 2021
		(Based on Japanese GAAP)
					October 25, 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 [phone]
Scheduled date to file Quarterly Securities Report:	November 11, 2021
Scheduled date to commence dividend payments:	December 1, 2021
Preparation of supplementary material on quarterly financial results:	Yes
Holding of quarterly financial results meeting:	Yes	(for institutional investors and analysts)

(Amounts less than one million yen are rounded down)

1. Non-consolidated financial results for the six months ended September 30, 2021 (from April 1, 2021 to September 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		%
Six months ended September 30, 2021	9,711		25.8		518	27.8		582		25.4		426		23.0
Six months ended September 30, 2020	7,720		31.8		405	(18.9)		464		(17.7)		346		(16.7)
	Earnings per share		Diluted earnings per share
			Yen					Yen
Six months ended September 30, 2021			73.17					72.31
Six months ended September 30, 2020			59.91					59.07
(2) Non-consolidated financial position
	Total assets				Net assets	Equity ratio		Net assets per share
	Millions of yen			Millions of yen				%				Yen
As of September 30, 2021		16,444					13,957				84.3		2,368.19
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		-			40.00
Year ending March 31, 2022 (Forecast)									-			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 September 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 September 30, 2021	462,819	shares	As of March 31, 2021	520,283	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Six months ended September 30, 2021	5,827,111	shares	Six months ended September 30, 2020	5,786,462	shares

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Quarterly non-consolidated financial statements

Non-consolidated balance sheets

			(Thousands of yen)
		As of March 31, 2021	As of September 30, 2021
Assets
Current assets
Cash and deposits	4,369,972	4,231,500
Notes and accounts receivable - trade	2,612,183	2,585,683
Merchandise and finished goods	253,549	298,276
Raw materials and supplies	534,104	437,584
Other	327,125	243,034
Allowance for doubtful accounts	(313)	-
Total current assets	8,096,622	7,796,079
Non-current assets
Property, plant and equipment	210,343	163,878
Intangible assets	76,245	58,399
Investments and other assets
Investment securities	7,723,637	8,381,674
Other	43,000	44,941
Total investments and other assets	7,766,638	8,426,615
Total non-current assets	8,053,227	8,648,893
Total assets	16,149,849	16,444,973
Liabilities
Current liabilities
Accounts payable - trade	619,169	148,789
Income taxes payable	145,610	123,145
Provision for bonuses	60,423	60,814
Other	217,686	58,383
Total current liabilities	1,042,889	391,132
Non-current liabilities
Long-term accounts payable - other	180,882	180,882
Deferred tax liabilities	1,636,458	1,875,276
Asset retirement obligations	40,035	40,109
Total non-current liabilities	1,857,375	2,096,267
Total liabilities	2,900,265	2,487,400
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	8,060,939
Treasury shares	(1,212,677)	(1,078,759)
Total shareholders' equity	8,974,685	9,292,286
Valuation and translation adjustments
Valuation difference on available-for-sale securities	4,117,311	4,570,743
Deferred gains or losses on hedges	3,837	1,235
Total valuation and translation adjustments	4,121,148	4,571,979
Share acquisition rights	153,750	93,307
Total net assets	13,249,584	13,957,572
Total liabilities and net assets		16,149,849	16,444,973

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Non-consolidated statements of income (cumulative)

			(Thousands of yen)
		Six months ended	Six months ended
		September 30, 2020	September 30, 2021
Net sales	7,720,210	9,711,978
Cost of sales	6,808,546	8,689,928
Gross profit	911,663	1,022,049
Selling, general and administrative expenses	506,274	503,779
Operating profit	405,389	518,270
Non-operating income
Interest income	33	19
Dividend income	58,273	62,259
Other	1,898	2,287
Total non-operating income	60,205	64,567
Non-operating expenses
Foreign exchange losses	827	195
Other	1	0
Total non-operating expenses	828	196
Ordinary profit	464,765	582,640
Extraordinary income
Gain on sale of non-current assets	240	-
Gain on reversal of share acquisition rights	3,410	1,041
Total extraordinary income	3,650	1,041
Extraordinary losses
Loss on retirement of non-current assets	-	820
Total extraordinary losses	-	820
Profit before income taxes	468,416	582,861
Income taxes - current	106,678	116,658
Income taxes - deferred	15,045	39,849
Total income taxes	121,723	156,507
Profit		346,692	426,353

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