Japan Pure Chemical : ┗ Third Quarter Financial Results Ended December 31, 2020 For the Fiscal Year Ending March 31, 2021 (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 Nine Months Ended December 31, 2020 (Based on Japanese GAAP)

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:	Director and General Manager of Corporate	Tomoyuki Kojima
Planning Division
Scheduled date to file Quarterly Securities Report:	February 10, 2021
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results:	Yes
Holding of quarterly financial results meeting:	No

January 27, 2021

TEL [phone]

								(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the nine months ended December 31, 2020 (from April 1, 2020 to December 31, 2020)
(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		%
Nine months ended December 31, 2020	12,204		29.7		711	(6.4)		821		(7.6)			614		(6.6)
Nine months ended December 31, 2019	9,411		16.9		760	(11.1)		888		(9.9)			657		(8.5)
	Earnings per share		Diluted earnings per share
			Yen					Yen
Nine months ended December 31, 2020			106.10					104.58
Nine months ended December 31, 2019			113.83					112.38
(2) Non-consolidated financial position
	Total assets				Net assets	Equity ratio		Net assets per share
	Millions of yen			Millions of yen				%					Yen
As of December 31, 2020		15,286					12,672				81.9			2,161.82
As of March 31, 2020		12,645					10,750				83.8			1,834.00
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, 2020		-			40.00			-			40.00				80.00
Year ending March 31, 2021		-			40.00			-
Year ending March 31, 2021 (Forecast)												40.00				80.00

3. Forecast of non-consolidated financial results for the year ending March 31, 2021 (from April 1, 2020 to March 31, 2021)

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	15,000	15.7	880	(15.0)	1,000	(14.2)	730	(14.9)	126.08

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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:	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 December 31, 2020	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 December 31, 2020	523,683	shares	As of March 31, 2020	537,000	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Nine months ended December 31, 2020	5,788,722	shares	Nine months ended December 31, 2019	5,774,221	shares

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Quarterly non-consolidated financial statements

Non-consolidated balance sheets

			(Thousands of yen)
		As of March 31, 2020	As of December 31, 2020
Assets
Current assets
Cash and deposits	4,494,088	3,996,627
Notes and accounts receivable - trade	1,954,838	3,042,066
Merchandise and finished goods	188,758	149,061
Raw materials and supplies	789,819	458,218
Other	272,560	206,574
Allowance for doubtful accounts	(234)	(365)
Total current assets	7,699,829	7,852,183
Non-current assets
Property, plant and equipment	155,077	138,481
Intangible assets	108,162	83,947
Investments and other assets
Investment securities	4,635,129	7,168,493
Other	46,816	43,803
Total investments and other assets	4,681,945	7,212,297
Total non-current assets	4,945,186	7,434,726
Total assets	12,645,016	15,286,909
Liabilities
Current liabilities
Accounts payable - trade	585,577	643,200
Income taxes payable	167,389	46,809
Provision for bonuses	61,458	30,057
Other	104,455	121,720
Total current liabilities	918,879	841,787
Non-current liabilities
Long-term accounts payable - other	248,232	248,232
Deferred tax liabilities	687,079	1,484,390
Asset retirement obligations	39,886	39,997
Total non-current liabilities	975,197	1,772,619
Total liabilities	1,894,077	2,614,406
Net assets
Shareholders' equity
Share capital	1,283,196	1,283,196
Capital surplus	1,027,846	1,026,909
Retained earnings	7,552,522	7,700,732
Treasury shares	(1,251,617)	(1,220,601)
Total shareholders' equity	8,611,948	8,790,236
Valuation and translation adjustments
Valuation difference on available-for-sale securities	1,983,858	3,734,318
Deferred gains or losses on hedges	5,108	-
Total valuation and translation adjustments	1,988,966	3,734,318
Share acquisition rights	150,024	147,948
Total net assets	10,750,939	12,672,503
Total liabilities and net assets		12,645,016	15,286,909

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Non-consolidated statements of income (cumulative)

			(Thousands of yen)
		Nine months ended	Nine months ended
		December 31, 2019	December 31, 2020
Net sales	9,411,432	12,204,577
Cost of sales	7,842,268	10,732,186
Gross profit	1,569,164	1,472,391
Selling, general and administrative expenses	808,706	760,824
Operating profit	760,458	711,567
Non-operating income
Interest income	50	36
Dividend income	123,835	108,584
Other	4,612	2,526
Total non-operating income	128,498	111,147
Non-operating expenses
Foreign exchange losses	308	1,289
Other	0	1
Total non-operating expenses	308	1,290
Ordinary profit	888,648	821,423
Extraordinary income
Gain on sales of non-current assets	-	240
Gain on reversal of share acquisition rights	1,219	3,410
Total extraordinary income	1,219	3,650
Extraordinary losses
Loss on retirement of non-current assets	65	0
Total extraordinary losses	65	0
Profit before income taxes	889,802	825,074
Income taxes - current	222,374	183,884
Income taxes - deferred	10,173	27,021
Total income taxes	232,547	210,906
Profit		657,254	614,168

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