Japan Pure Chemical : ┗ Financial Statements for the Fiscal Year Ended March 31, 2023 (Non-Consolidated) （161KB） 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 Year Ended March 31, 2023

(Based on Japanese GAAP)

																						April 25, 2023
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 [phone]
Planning Division and Finance Division
Scheduled date of ordinary general meeting of shareholders:	June 20, 2023
Scheduled date to file Securities Report:			June 20, 2023
Scheduled date to commence dividend payments:			June 2, 2023
Preparation of supplementary material on financial results:	Yes
Holding of 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 year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)
(1) Non-consolidated operating results											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		%
Year ended March 31, 2023		16,254		(13.1)		567		(52.8)			753		(43.7)			569		(41.5)
Year ended March 31, 2022		18,714		12.6	1,201		25.8			1,339		25.2			974		23.2
			Earnings per share		Diluted earnings per		Profit/equity			Ordinary profit/total	Operating profit/net
								share											assets				sales
				Yen			Yen				%						%					%
Year ended March 31, 2023		97.82		97.19					4.1						4.6					3.5
Year ended March 31, 2022		166.80		165.16					7.2						8.1					6.4
(2) Non-consolidated financial position
			Total assets			Net assets			Equity ratio		Net assets per share
			Millions of yen	Millions of yen							%						Yen
As of March 31, 2023			15,611						13,505							86.0			2,333.90
As of March 31, 2022			16,868						14,243							83.9			2,416.61
(3) Non-consolidated cash flows
			Cash flows from	Cash flows from	Cash flows from	Cash and cash equivalents
			operating activities	investing activities	financing activities		at end of period
			Millions of yen	Millions of yen			Millions of yen		Millions of yen
Year ended March 31, 2023					2,539						19							(824)						5,465
Year ended March 31, 2022					180						(93)							(425)						3,729
2. Cash dividends
							Annual dividends per share						Total cash	Dividend payout		Ratio of dividends
																		ratio (Non-	to net assets (Non-
			1st quarter-end	2nd quarter-end	3rd quarter-end		Fiscal year-end	Total			dividends (Total)	consolidated)		consolidated)
			Yen			Yen	Yen					Yen		Yen	Millions of yen	%				%
Year ended March 31, 2022		-		40.00	-					50.00		90.00			526	54.0				3.8
Year ended March 31, 2023		-		40.00	-					40.00		80.00			464	81.8				3.4
Year ending March 31, 2024		-			40.00	-					40.00		80.00					-
(Forecast)

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3. Forecast of non-consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)

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	16,500	1.5	700	23.3	850	12.8	600	5.3	104.33

4. Notes

(1) 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

(2) Number of issued shares (common shares)

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

	As of March 31, 2023	6,067,200	shares	As of March 31, 2022	6,317,200	shares
Number of treasury shares at the end of the period
	As of March 31, 2023	316,287	shares	As of March 31, 2022	462,819	shares
Average number of shares during the period
	Year ended March 31, 2023	5,826,585	shares	Year ended March 31, 2022	5,840,708	shares

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Non-consolidated financial statements

Non-consolidated balance sheets

		(Thousands of yen)
	As of March 31, 2022	As of March 31, 2023
Assets
Current assets
Cash and deposits	4,030,728	5,766,078
Notes receivable - trade	37,531	3,509
Electronically recorded monetary claims - operating	110,362	82,596
Accounts receivable - trade	2,888,782	1,127,526
Merchandise and finished goods	233,200	55,220
Raw materials and supplies	612,597	376,313
Prepaid expenses	11,037	12,293
Consumption taxes refund receivable	374,458	385,565
Other	8,070	23,426
Total current assets	8,306,770	7,832,529
Non-current assets
Property, plant and equipment
Buildings	172,096	175,498
Accumulated depreciation	(125,178)	(131,827)
Buildings, net	46,918	43,670
Machinery and equipment	85,939	85,939
Accumulated depreciation	(79,374)	(81,159)
Machinery and equipment, net	6,564	4,779
Vehicles	9,950	9,950
Accumulated depreciation	(8,728)	(9,135)
Vehicles, net	1,221	814
Tools, furniture and fixtures	559,041	569,513
Accumulated depreciation	(491,062)	(531,317)
Tools, furniture and fixtures, net	67,979	38,196
Total property, plant and equipment	122,684	87,460
Intangible assets
Software	37,812	6,623
Software in progress	10,345	6,968
Telephone subscription right	466	466
Total intangible assets	48,624	14,057
Investments and other assets
Investment securities	8,341,863	7,582,411
Long-term prepaid expenses	8,017	54,805
Guarantee deposits	36,562	36,562
Other	3,969	3,695
Total investments and other assets	8,390,412	7,677,474
Total non-current assets	8,561,721	7,778,993
Total assets	16,868,491	15,611,523

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		(Thousands of yen)
	As of March 31, 2022	As of March 31, 2023
Liabilities
Current liabilities
Accounts payable - trade	213,268	40,423
Accounts payable - other	22,757	83,818
Income taxes payable	205,226	15,255
Provision for bonuses	68,238	56,810
Accounts payable - facilities	6,968	5,753
Other	34,476	35,695
Total current liabilities	550,935	237,755
Non-current liabilities
Long-term accounts payable - other	180,882	180,882
Deferred tax liabilities	1,852,871	1,647,517
Asset retirement obligations	40,185	40,337
Total non-current liabilities	2,073,938	1,868,736
Total liabilities	2,624,874	2,106,492
Net assets
Shareholders' equity
Share capital	1,283,196	1,283,196
Capital surplus
Legal capital surplus	1,026,909	1,026,909
Total capital surplus	1,026,909	1,026,909
Retained earnings
Other retained earnings
General reserve	4,900,000	4,900,000
Retained earnings brought forward	3,474,612	2,928,627
Total retained earnings	8,374,612	7,828,627
Treasury shares	(1,078,759)	(752,624)
Total shareholders' equity	9,605,959	9,386,108
Valuation and translation adjustments
Valuation difference on available-for-sale securities	4,537,617	4,031,155
Deferred gains or losses on hedges	4,182	4,784
Total valuation and translation adjustments	4,541,799	4,035,940
Share acquisition rights	95,857	82,981
Total net assets	14,243,616	13,505,030
Total liabilities and net assets	16,868,491	15,611,523

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Non-consolidated statements of income

		(Thousands of yen)
	Fiscal year ended	Fiscal year ended
	March 31, 2022	March 31, 2023
Net sales	18,714,378	16,254,995
Cost of sales
Beginning finished goods inventory	253,549	233,200
Cost of products manufactured	16,503,714	14,500,022
Total	16,757,264	14,733,222
Ending finished goods inventory	233,200	55,220
Cost of finished goods sold	16,524,063	14,678,001
Gross profit	2,190,314	1,576,993
Selling, general and administrative expenses	988,437	1,009,297
Operating profit	1,201,877	567,695
Non-operating income
Interest income	40	45
Dividend income	130,862	183,635
Foreign exchange gains	1,248	1,265
Miscellaneous income	5,801	2,592
Total non-operating income	137,953	187,537
Non-operating expenses
Miscellaneous losses	0	1,461
Total non-operating expenses	0	1,461
Ordinary profit	1,339,829	753,772
Extraordinary income
Gain on sale of investment securities	-	6,818
Gain on reversal of share acquisition rights	1,158	3,482
Total extraordinary income	1,158	10,301
Extraordinary losses
Loss on retirement of non-current assets	820	0
Total extraordinary losses	820	0
Profit before income taxes	1,340,167	764,073
Income taxes - current	335,201	176,195
Income taxes - deferred	30,764	17,900
Total income taxes	365,965	194,096
Profit	974,201	569,977

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