VALQUA : released Supplementary Materials of its FY ended March 2020 2nd Quarter results.

October 30, 2019

― Supplementary Materials of Consolidated Financial Results ―

The Second Quarter of the Fiscal Year Ending March 31, 2020

・The fluctuation rates (%) in this material are calculated using the unit of Yen, to the extent possible, so they may differ from values calculated using the unit of Millions of yen.

・The unit of values in this material is Millions of yen unless otherwise specified.

Business Results & Balance Sheet Summary

FY2020.3

2Q

Results Summary

	FY2018.3	FY2019.3	FY2020.3
	1-2Q	1-2Q	1-2Q
Net Sales	23,278	26,084	24,915
			(▲4.5%)
Gross	8,643	9,884	9,447
Profit	(▲4.4%)
Operating	2,739	3,207	2,545
Profit			(▲20.6%)
Profit Attributable	1,899	2,354	1,816
to Owners
of Parent			(▲22.8%)
Gross	37.1%	37.9%	37.9%
Profit Margin
Operating	11.8%	12.3%	10.2%
Profit Margin
Earnings per	107.50	133.78	103.29
Share

Balance Sheet Summary

	End of	End of	End of
	FY2018.3	FY2019.3	FY2020.3
	2Q	2Q	2Q
Assets	46,722	50,834	50,400
Equity	30,221	33,326	33,660
Cash and	5,547	5,343	7,161
Deposits
Interest-	4,409	3,937	3,951
Bearing Debt
Net Interest-	▲1,137	▲1,405	▲3,209
Bearing Debt
Equity Ratio	64.7%	65.6%	66.8%
Debt Equity	0.15	0.12	0.12
Ratio

Business Results

--- Details

Sales by	FY2018.3	FY2019.3	FY2020.3
Industrial
1-2Q	1-2Q	1-2Q
Market
Tech	7.1	8.9	8.1BY
Market	BY	BY	(▲9.0%)
Machinery	8.3	9.1	8.5BY
Market	BY	BY	(▲6.6%)
Plant	7.7	7.8	8.0BY
Market	BY	BY	(＋2.6%)
		(BY=Billions of yen)
Sales by	FY2018.3	FY2019.3	FY2020.3
Region	1-2Q	1-2Q	1-2Q
Japan	16,978	18,805	17,520
			(▲6.8%)
Sales Ratio	72.9%	72.1%	70.3%
Overseas	6,299	7,278	7,394
			(＋1.6%)
Sales Ratio	27.1%	27.9%	29.7%

FY2020.3

				2Q
Results by	FY2018.3	FY2019.3	FY2020.3
Segment	1-2Q	1-2Q	1-2Q
	Sales	15,830	17,133	16,316
	Net
Seal				(▲4.8%)
Segment	2,415	2,622	1,887
Products
Business	Profit			(▲28.0%)
	Profit	15.3%	15.3%	11.6%
	Margin
	Net	6,054	7,279	6,865
High	Sales			(▲5.7%)
Performance
Segment	185	414	409
Plastics
Products	Profit			(▲1.2%)
Business
Profit	3.1%	5.7%	6.0%
	Margin
	Net	1,394	1,670	1,733
	Sales	(＋3.7%)
Other	Segment	138	170	248
Business
Profit	(＋45.7%)
	Profit	9.9%	10.2%	14.3%
	Margin

Business Results

--- Quarterly Transition

FY2020.3

2Q

	FY2018.3	FY2018.3	FY2018.3	FY2019.3	FY2019.3	FY2019.3	FY2019.3	FY2020.3	FY2020.3
	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q
Net Sales	11,504	11,882	12,430	13,245	12,838	12,625	12,533	12,619	12,296
Gross	4,235	4,319	4,552	5,072	4,812	4,614	4,595	4,962	4,485
Profit
Operating	1,233	1,309	1,325	1,741	1,465	1,182	1,220	1,543	1,001
Profit
Profit	837	859	1,074	1,275	1,078	733	999	1,091	724
Attributable to
Owners
of Parent
Gross	36.8%	36.3%	36.6%	38.3%	37.5%	36.5%	36.7%	39.3%	36.5%
Profit Margin
Operating	10.7%	11.0%	10.7%	13.2%	11.4%	9.4%	9.7%	12.2%	8.1%
Profit Margin