Japan Pure Chemical : ┗ Second Quarter Financial Results Ended September 30,2022 For the Fiscal Year Ending March 31, 2023 (Non-Consolidated) （131KB） 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, 2022 (Based on Japanese GAAP)

October 25, 2022

Company name:

JAPAN PURE CHEMICAL CO.,LTD.

Stock exchange listing:

Tokyo

Stock code:

4973

URL

https://www.netjpc.com

Representative:

Representative Director and President

Tomoyuki Kojima

Inquiries:

Director, General Manager of Corporate

Motoki Watanabe

TEL

03-3550-1048

Planning Division and Finance Division

Scheduled date to file Quarterly Securities Report:

November 11, 2022

Scheduled date to commence dividend payments:

December 1, 2022

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, 2022 (from April 1, 2022 to September 30, 2022)

(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, 2022

9,054

(6.8)

419

(19.1)

518

(11.0)

380

(10.7)

Six months ended September 30, 2021

9,711

25.8

518

27.8

582

25.4

426

23.0

Earnings per share

Diluted earnings per share

Yen

Yen

Six months ended September 30, 2022

64.93

64.49

Six months ended September 30, 2021

73.17

72.31

(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, 2022

14,902

13,022

86.8

2,204.38

As of March 31, 2022

16,868

14,243

83.9

2,416.61

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, 2022

-

40.00

-

50.00

90.00

Year ending March 31, 2023

-

40.00

Year ending March 31, 2023 (Forecast)

-

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
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Full year	18,500	(1.1)	800	(33.4)	950	(29.1)	680	(30.2)	115.83

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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:	No
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, 2022	6,317,200	shares	As of March 31, 2022	6,317,200	shares
Number of treasury shares at the end of the period
	As of September 30, 2022	446,319	shares	As of March 31, 2022	462,819	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Six months ended September 30, 2022	5,862,814	shares	Six months ended September 30, 2021	5,827,111	shares

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Quarterly non-consolidated financial statements

Non-consolidated balance sheets

			(Thousands of yen)
		As of March 31, 2022	As of September 30, 2022
Assets
Current assets
Cash and deposits	4,030,728	4,915,372
Notes and accounts receivable - trade	3,036,676	2,435,848
Merchandise and finished goods	233,200	311,720
Raw materials and supplies	612,597	424,513
Other	393,566	206,750
Total current assets	8,306,770	8,294,205
Non-current assets
Property, plant and equipment	122,684	98,532
Intangible assets	48,624	32,573
Investments and other assets
Investment securities	8,341,863	6,429,796
Other	48,549	46,943
Total investments and other assets	8,390,412	6,476,739
Total non-current assets	8,561,721	6,607,846
Total assets	16,868,491	14,902,051
Liabilities
Current liabilities
Accounts payable - trade	213,268	118,080
Income taxes payable	205,226	136,096
Provision for bonuses	68,238	66,992
Other	64,202	65,021
Total current liabilities	550,935	386,190
Non-current liabilities
Long-term accounts payable - other	180,882	180,882
Deferred tax liabilities	1,852,871	1,272,411
Asset retirement obligations	40,185	40,261
Total non-current liabilities	2,073,938	1,493,554
Total liabilities	2,624,874	1,879,745
Net assets
Shareholders' equity
Share capital	1,283,196	1,283,196
Capital surplus	1,026,909	1,026,909
Retained earnings	8,374,612	8,459,289
Treasury shares	(1,078,759)	(1,040,301)
Total shareholders' equity	9,605,959	9,729,094
Valuation and translation adjustments
Valuation difference on available-for-sale securities	4,537,617	3,209,444
Deferred gains or losses on hedges	4,182	3,094
Total valuation and translation adjustments	4,541,799	3,212,538
Share acquisition rights	95,857	80,673
Total net assets	14,243,616	13,022,306
Total liabilities and net assets		16,868,491	14,902,051

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Non-consolidated statements of income (cumulative)

			(Thousands of yen)
		Six months ended	Six months ended
		September 30, 2021	September 30, 2022
Net sales	9,711,978	9,054,430
Cost of sales	8,689,928	8,116,742
Gross profit	1,022,049	937,687
Selling, general and administrative expenses	503,779	518,278
Operating profit	518,270	419,408
Non-operating income
Interest income	19	21
Dividend income	62,259	95,359
Foreign exchange gains	-	2,572
Other	2,287	1,088
Total non-operating income	64,567	99,041
Non-operating expenses
Foreign exchange losses	195	-
Other	0	-
Total non-operating expenses	196	-
Ordinary profit	582,640	518,449
Extraordinary income
Gain on reversal of share acquisition rights	1,041	3,482
Total extraordinary income	1,041	3,482
Extraordinary losses
Loss on retirement of non-current assets	820	-
Total extraordinary losses	820	-
Profit before income taxes	582,861	521,932
Income taxes - current	116,658	135,070
Income taxes - deferred	39,849	6,192
Total income taxes	156,507	141,263
Profit		426,353	380,669

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