VALQUA : released Supplementary Materials of its FY ended March 2021 2nd Quarter results.

October 28, 2020

― Supplementary Materials of Consolidated Financial Results ―

The Second Quarter of the Fiscal Year Ending March 31, 2021

・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

FY2021.3

2Q

Results Summary

	FY2019.3	FY2020.3	FY2021.3
	1-2Q	1-2Q	1-2Q
Net Sales	26,084	24,915	21,630
			(▲13.2%)
Gross	9,884	9,447	8,624
Profit	(▲8.7%)
Operating	3,207	2,545	1,685
Profit	(▲33.8%)
Profit Attributable	2,354	1,816	1,803
to Owners
of Parent			(▲0.7%)
Gross	37.9%	37.9%	39.9%
Profit Margin
Operating	12.3%	10.2%	7.8%
Profit Margin
Earnings per	133.78	103.29	102.33
Share

Balance Sheet Summary

	End of	End of	End of
	FY2021.3
	FY2019.3	FY2020.3
	2Q
Assets	49,535	48,128	51,091
Equity	32,815	33,334	34,440
Cash and	7,109	6,644	8,663
Deposits
Interest-	3,744	3,071	4,403
Bearing Debt
Net Interest-	▲3,364	▲3,572	▲4,260
Bearing Debt
Equity Ratio	66.2%	69.3%	67.4%
Debt Equity	0.11	0.09	0.13
Ratio

Business Results

--- Details

Sales by	FY2019.3	FY2020.3	FY2021.3
Industrial
1-2Q	1-2Q	1-2Q
Market
Tech	8.9	8.1BY	8.1BY
Market
	BY		(ー)
Machinery	9.1	8.5BY	6.9BY
Market
	BY		(▲21.4%)
Plant	7.8	8.0BY	6.5BY
Market
	BY		(▲18.8%)
		(BY=Billions of yen)
Sales by	FY2019.3	FY2020.3	FY2021.3
Region	1-2Q	1-2Q	1-2Q
Japan	18,805	17,520	15,045
			(▲14.1%)
Sales Ratio	72.1%	70.3%	69.6%
Overseas	7,278	7,394	6,585
			(▲10.9%)
Sales Ratio	27.9%	29.7%	30.4%

FY2021.3

				2Q
Results by	FY2019.3	FY2020.3	FY2021.3
Segment	1-2Q	1-2Q	1-2Q
	Sales	17,133	16,316	15,398
	Net
Seal				(▲5.6%)
Segment	2,622	1,887	2,095
Products
Business	Profit			(＋11.0%)
	Profit	15.3%	11.6%	13.6%
	Margin
	Net	7,279	6,865	4,936
High	Sales			(▲28.1%)
Performance	Segment			▲339
Plastics	414	409
Profit
Products			(＋→▲)
Business
Profit	5.7%	6.0%	▲6.9%
	Margin
	Sales	1,670	1,733	1,295
	Net
Silicon Wafer				(▲25.3%)
Reclaim	Segment	170	248	▲69
and Other
Profit	(＋→▲)
Businesses
	Profit	10.2%	14.3%	▲5.4%
	Margin

Business Results

--- Quarterly Transition

FY2021.3

2Q

	FY2019.3	FY2019.3	FY2019.3	FY2020.3	FY2020.3	FY2020.3	FY2020.3	FY2021.3	FY2021.3
	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q
Net Sales	12,838	12,625	12,533	12,619	12,296	11,645	11,650	10,960	10,670
Gross	4,812	4,614	4,595	4,962	4,485	4,331	4,195	4,415	4,209
Profit
Operating	1,465	1,182	1,220	1,543	1,001	807	861	878	807
Profit
Profit	1,078	733	999	1,091	724	577	524	700	1,102
Attributable to
Owners
of Parent
Gross	37.5%	36.5%	36.7%	39.3%	36.5%	37.2%	36.0%	40.3%	39.4%
Profit Margin
Operating	11.4%	9.4%	9.7%	12.2%	8.1%	6.9%	7.4%	8.0%	7.6%
Profit Margin