Summary of Consolidated Financial Results for the
First Quarter of Fiscal Year 2023 (Japanese GAAP)
July 31, 2023 | ||
Company name: | Nippon Chemiphar Co., Ltd. | Listing: Tokyo Stock Exchange |
Securities code: | 4539 | URL: https://www.chemiphar.co.jp/english/ |
Representative: | Kazushiro Yamaguchi, President & CEO | |
Contact: | Shinji Nakajima, Corporate Officer and Senior Manager of Accounts & Finance Department | |
Phone: 03-3863-1211 | ||
Scheduled date of dividend payout: | - | |
Supplementary documents for quarterly financial results: Yes | ||
Quarterly financial results briefing: | None |
*Amounts less than one million yen are rounded down
1. Consolidated Financial Results for the First Quarter of FY2023 (from April 1, 2023 to June 30, 2023)
(1) Business Results | (Percentages represent year-on-year changes.) | |||||||||||||||||
Profit attributable to | ||||||||||||||||||
Net sales | Operating profit | Ordinary profit | owners of parent | |||||||||||||||
Three months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||||||||
June 30, 2023 | 7,537 | (10.5) | (106) | - | 111 | (78.2) | 79 | (87.8) | ||||||||||
June 30, 2022 | 8,425 | 11.2 | 175 | - | 514 | - | 653 | - | ||||||||||
(Note) Comprehensive income: | Three Months ended June 30, 2023: 42 million yen (down 85.5 %) | |||||||||||||||||
Three Months ended June 30, 2022: 291 million yen (432.7%) | ||||||||||||||||||
Earnings per | Diluted earnings | |||||||||||||||||
share | per share | |||||||||||||||||
Three months ended | Yen | Yen | ||||||||||||||||
June 30, 2023 | 22.03 | - | ||||||||||||||||
June 30, 2022 | 180.91 | - | ||||||||||||||||
(2) Financial Position | ||||||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | |||||||||||||||
As of | Million yen | Million yen | % | Yen | ||||||||||||||
June 30, 2023 | 52,078 | 18,393 | 35.3 | 5,091.84 | ||||||||||||||
March 31, 2023 | 48,571 | 18,534 | 38.1 | 5,130.65 | ||||||||||||||
(Reference) Equity: | As of June 30, 2023: | 18,376 million yen | As of March 31, 2023: 18,517 million yen | |||||||||||||||
2. Dividends | ||||||||||||||||||
Dividend per share | ||||||||||||||||||
End of fiscal | ||||||||||||||||||
End of Q1 | End of Q2 | End of Q3 | year | Annual | ||||||||||||||
Year ended | Yen | Yen | Yen | Yen | Yen | |||||||||||||
- | 0.00 | - | 50.00 | 50.00 | ||||||||||||||
March 31, 2023 | ||||||||||||||||||
Year ending | - | |||||||||||||||||
March 31, 2024 | ||||||||||||||||||
Year ending | 0.00 | - | 50.00 | 50.00 | ||||||||||||||
March 31, 2024 (forecast) | ||||||||||||||||||
(Note) Revision to the forecast | for dividends | announced most recently: None |
3. Forecast of Consolidated Financial Results for the FY2023 (from April 1, 2023 to March 31, 2024)
(Percentages represent year-on-year changes.)
Profit attributable to | |||||||||
Net sales | Operating profit | Ordinary profit | owners of parent | Earnings per share | |||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
Full-year | 32,700 | 3.6 | 200 | - | 100 | 70.4 | 60 | (82.3) | 16.62 |
(Note) Revision to the financial results forecast announced most recently: None |
* Notes
- Changes in significant subsidiaries during the period (changes in specific subsidiaries accompanied by a change in the scope of consolidation): No
- Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements: No
- Changes in accounting policies and changes or restatement of accounting estimates
(i) | Changes in accounting policies accompanying amendments to accounting standards, etc.: No | |
(ii) | Changes in accounting policies other than (i): | No |
(iii) Changes in accounting estimates: | No | |
(iv) Restatement: | No |
- Number of shares outstanding (common stock)
- Number of shares outstanding at the end of the period (including treasury shares)
As of June 30, 2023: | 4,261,420 shares | As of March 31, 2023: | 4,261,420 shares |
(ii) Number of treasury shares at the end of the period | |||
As of June 30, 2023: | 652,320 shares | As of March 31, 2023: | 652,254 shares |
(iii) Average number of outstanding shares during the period (cumulative from the beginning of the period) | |||
Three months ended June 30, 2023: | 3,609,112 shares | Three months ended June 30, 2022: | 3,609,829 shares |
4. Quarterly Consolidated Financial Statements
(1) Quarterly Consolidated Balance Sheets
(Millions of yen) | |||
FY2022 | Q1 of FY2023 | ||
(As of March 31, 2023) | (As of June 30, 2023) | ||
Assets | |||
Current assets | |||
Cash and deposits | 10,529 | 12,259 | |
Notes and accounts receivable―trade, and contract assets | 7,516 | 6,997 | |
Electronically recorded monetary claims―operating | 3,738 | 3,891 | |
Merchandise and finished goods | 6,468 | 7,090 | |
Work in process | 1,277 | 1,450 | |
Raw materials and supplies | 3,010 | 3,111 | |
Income taxes refund receivable | 220 | 225 | |
Others | 675 | 899 | |
Total current assets | 33,436 | 35,926 | |
Non-current assets | |||
Property, plant, and equipment | |||
Buildings and structures, net | 4,786 | 4,691 | |
Machinery, equipment, and vehicles, net | 1,636 | 1,512 | |
Tools, furniture and fixtures, net | 379 | 375 | |
Land | 4,344 | 4,344 | |
Leased assets, net | 170 | 167 | |
Construction in progress | 200 | 1,356 | |
Total property, plant and equipment | 11,518 | 12,447 | |
Intangible assets | |||
Patent rights | 15 | 14 | |
Trademark rights | 54 | 52 | |
Sales rights | 383 | 312 | |
Leased assets | 47 | 43 | |
Software | 59 | 53 | |
Telephone subscription rights | 9 | 9 | |
Total intangible assets | 569 | 486 | |
Investments and other assets | |||
Investment securities | 1,385 | 1,549 | |
Long-term prepaid expenses | 496 | 470 | |
Retirement benefit assets | 401 | 435 | |
Leasehold and guarantee deposits | 57 | 55 | |
Deferred tax assets | 353 | 353 | |
Others | 414 | 414 | |
Allowance for doubtful accounts | (61) | (61) | |
Total investments and other assets | 3,046 | 3,218 | |
Total non-current assets | 15,134 | 16,151 | |
Total assets | 48,571 | 52,078 |
- 1 -
(Millions of yen) | |||||
FY2022 | Q1 of FY2023 | ||||
(As of March 31, 2023) | (As of June 30, 2023) | ||||
Liabilities | |||||
Current liabilities | |||||
Notes and accounts payable-trade | 2,545 | 2,871 | |||
Electronically recorded obligations-operating | 6,399 | 6,439 | |||
Short-term borrowings | 392 | 720 | |||
Current portion of long-term borrowings | 2,650 | 2,780 | |||
Lease obligations | 77 | 75 | |||
Accounts payable-other | 84 | 43 | |||
Income taxes payable | 81 | 109 | |||
Accrued consumption taxes | 91 | 67 | |||
Accrued expenses | 1,678 | 1,873 | |||
Deposits received | 175 | 202 | |||
Refund liabilities | 221 | 201 | |||
Others | 369 | 418 | |||
Total current liabilities | 14,766 | 15,803 | |||
Non-current liabilities | |||||
Long-term borrowings | 11,950 | 13,956 | |||
Lease obligations | 161 | 154 | |||
Provision for retirement benefits for directors | 457 | 464 | |||
Net defined benefit liability | 139 | 143 | |||
Deferred tax liabilities for land revaluation | 915 | 915 | |||
Others | 1,645 | 2,246 | |||
Total non-current liabilities | 15,270 | 17,881 | |||
Total liabilities | 30,037 | 33,684 | |||
Net assets | |||||
Shareholders' equity | |||||
Capital stock | 4,304 | 4,304 | |||
Capital surplus | 1,263 | 1,263 | |||
Retained earnings | 13,636 | 13,533 | |||
Treasury shares | 3,110) | (3,111) | |||
Total shareholders' equit | y | 16,093 | 15,990 | ||
ሺ | |||||
Accumulated other comprehensive income | |||||
Valuation difference on available-for-sale securities | 335 | 450 | |||
Revaluation reserve for land | 2,072 | 2,072 | |||
Foreign currency translation adjustment | (20) | (167) | |||
Remeasurements of defined benefit plans | 35 | 31 | |||
Total accumulated other comprehensive income | 2,423 | 2,386 | |||
Share acquisition rights | 17 | 17 | |||
Total net assets | 18,534 | 18,393 | |||
Total liabilities and net assets | 48,571 | 52,078 |
- 2 -
- Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statements of Income
(Millions of yen) | |||
For the three months ended | For the three months ended | ||
June 30, 2022 | June 30, 2023 | ||
Net sales | 8,425 | 7,537 | |
Cost of sales | 6,200 | 5,686 | |
Gross profit | 2,225 | 1,850 | |
Selling, general and administrative expenses | 2,050 | 1,957 | |
Operating profit (loss) | 175 | (106) | |
Non-operating income | |||
Interest income | 0 | 0 | |
Dividend income | 14 | 18 | |
Rental income from non-current assets | 1 | 1 | |
Share of profit of entities accounted for using equity | 8 | 10 | |
method | |||
Foreign exchange gains | 348 | 217 | |
Others | 2 | 5 | |
Total non-operating income | 376 | 254 | |
Non-operating expenses | |||
Interest expenses | 30 | 31 | |
Commission expense | 2 | 1 | |
Others | 4 | 2 | |
Total non-operating expenses | 37 | 36 | |
Ordinary profit | 514 | 111 | |
Extraordinary income | |||
Gain on sales of investment securities | 411 | - | |
Total extraordinary income | 411 | - | |
Profit before income taxes | 925 | 111 | |
Income taxes-current | 272 | 80 | |
Income taxes-deferred | (0) | (47) | |
Total income taxes | 272 | 32 | |
Profit | 653 | 79 | |
Profit attributable to non-controlling interests | - | - | |
Profit attributable to owners of parent | 653 | 79 |
- 3 -
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Nippon Chemiphar Co. Ltd. published this content on 31 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2023 08:15:29 UTC.