Japan Pure Chemical : ┗ Second Quarter Financial Results Ended September 30,2023 For the Fiscal Year Ending March 31, 2024 (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, 2023 (Based on Japanese GAAP)

October 24, 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 to file Quarterly Securities Report:

November 10, 2023

Scheduled date to commence dividend payments:

December 1, 2023

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, 2023 (from April 1, 2023 to September 30, 2023)

(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, 2023

6,042

(33.3)

153

(63.5)

262

(49.4)

202

(46.9)

Six months ended September 30, 2022

9,054

(6.8)

419

(19.1)

518

(11.0)

380

(10.7)

Earnings per share

Diluted earnings per share

Yen

Yen

Six months ended September 30, 2023

35.16

34.93

Six months ended September 30, 2022

64.93

64.49

(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, 2023

15,968

13,725

85.4

2,369.84

As of March 31, 2023

15,611

13,505

86.0

2,333.90

2. Cash dividends
		Annual dividends per share
	1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end
	Yen	Yen	Yen	Yen
Year ended March 31, 2023	-	40.00	-	40.00
Year ending March 31, 2024	-	40.00
Year ending March 31, 2024 (Forecast)			-	60.00

Total

Yen 80.00

100.00

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	13,500	(16.9)	510	(10.2)	710		(5.8)	520	(8.8)	90.33

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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, 2023	6,067,200	shares	As of March 31, 2023	6,067,200	shares
Number of treasury shares at the end of the period
	As of September 30, 2023	310,587	shares	As of March 31, 2023	316,287	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Six months ended September 30, 2023	5,753,534	shares	Six months ended September 30, 2022	5,862,814	shares

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Quarterly non-consolidated financial statements

Non-consolidated balance sheets

		(Thousands of yen)
	As of March 31, 2023	As of September 30, 2023
Assets
Current assets
Cash and deposits	5,766,078	5,968,089
Notes and accounts receivable - trade	1,213,631	1,271,834
Merchandise and finished goods	55,220	104,383
Raw materials and supplies	376,313	317,575
Other	421,285	185,818
Total current assets	7,832,529	7,847,701
Non-current assets
Property, plant and equipment	87,460	89,161
Intangible assets	14,057	13,065
Investments and other assets
Investment securities	7,582,411	7,925,007
Other	95,063	93,457
Total investments and other assets	7,677,474	8,018,464
Total non-current assets	7,778,993	8,120,691
Total assets	15,611,523	15,968,392
Liabilities
Current liabilities
Accounts payable - trade	40,423	76,667
Income taxes payable	15,255	63,130
Provision for bonuses	56,810	56,577
Other	125,266	80,418
Total current liabilities	237,755	276,793
Non-current liabilities
Long-term accounts payable - other	180,882	180,882
Deferred tax liabilities	1,647,517	1,745,130
Asset retirement obligations	40,337	40,413
Total non-current liabilities	1,868,736	1,966,425
Total liabilities	2,106,492	2,243,219
Net assets
Shareholders' equity
Share capital	1,283,196	1,283,196
Capital surplus	1,026,909	1,028,605
Retained earnings	7,828,627	7,800,876
Treasury shares	(752,624)	(739,061)
Total shareholders' equity	9,386,108	9,373,617
Valuation and translation adjustments
Valuation difference on available-for-sale securities	4,031,155	4,265,822
Deferred gains or losses on hedges	4,784	2,829
Total valuation and translation adjustments	4,035,940	4,268,651
Share acquisition rights	82,981	82,903
Total net assets	13,505,030	13,725,172
Total liabilities and net assets	15,611,523	15,968,392

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Non-consolidated statements of income (cumulative)

		(Thousands of yen)
	Six months ended	Six months ended
	September 30, 2022	September 30, 2023
Net sales	9,054,430	6,042,571
Cost of sales	8,116,742	5,376,522
Gross profit	937,687	666,049
Selling, general and administrative expenses	518,278	512,993
Operating profit	419,408	153,056
Non-operating income
Interest income	21	29
Dividend income	95,359	106,571
Foreign exchange gains	2,572	1,635
Other	1,088	968
Total non-operating income	99,041	109,203
Non-operating expenses
Total non-operating expenses	-	-
Ordinary profit	518,449	262,260
Extraordinary income
Gain on reversal of share acquisition rights	3,482	1,717
Total extraordinary income	3,482	1,717
Extraordinary losses
Loss on retirement of non-current assets	-	0
Total extraordinary losses	-	0
Profit before income taxes	521,932	263,978
Income taxes - current	135,070	66,783
Income taxes - deferred	6,192	(5,091)
Total income taxes	141,263	61,692
Profit	380,669	202,285

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