Arakawa Chemical Industries : Consolidated Financial Results for the Three Months Ended June 30, 2023
August 03, 2023 at 03:30 am EDT
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Consolidated Financial Results
for the Three Months Ended June 30, 2023
[Japanese GAAP]
August 3, 2023
Company name: ARAKAWA CHEMICAL INDUSTRIES, LTD.
Stock exchange listing: Tokyo Stock Exchange
Code number: 4968
URL: https://www.arakawachem.co.jp/
Representative: Takashi Une, Representative Director and President
Contact: Toru Nobuhiro, Managing Director and General Manager of Administrative H.Q.
Phone: +81-6-6209-8500
Scheduled date of filing quarterly securities report: August 9, 2023
Scheduled date of commencing dividend payments: -
Availability of supplementary explanatory materials on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Not scheduled
(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2023 (April 1, 2023 - June 30, 2023)
(1) Consolidated Operating Results
(% indicates changes from the previous corresponding period.)
Net sales
Operating profit
Ordinary profit
Profit attributable
to owners of parent
Three months ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
June 30, 2023
17,298
(18.3)
(834)
-
(670)
-
(314)
-
June 30, 2022
21,161
7.7
571
(66.4)
722
(60.5)
376
(70.4)
(Note) Comprehensive income: Three months ended June 30, 2023: ¥ 212 million [(71.5)%]
Three months ended June 30, 2022: ¥ 743 million [(63.7)%]
Basic earnings
Diluted earnings
per share
per share
Three months ended
Yen
Yen
June 30, 2023
(15.84)
-
June 30, 2022
19.00
-
(2) Consolidated Financial Position
Total assets
Net assets
Equity ratio
Millions of yen
Millions of
yen
%
As of June 30, 2023
118,322
56,264
45.9
As of March 31, 2023
119,035
56,509
45.4
(Reference) Equity: As of June 30, 2023: ¥ 54,274 million As of March 31, 2023: ¥ 54,082 million
2. Dividends
Annual dividends
1st quarter-end
2nd quarter-end
3rd quarter-end
Year-end
Total
Yen
Yen
Yen
Yen
Yen
Fiscal year ended
-
24.00
-
24.00
48.00
March 31, 2023
Fiscal year ending
-
March 31, 2024
Fiscal year ending
March 31, 2024
24.00
-
24.00
48.00
(Forecast)
(Note) Revision to the forecast for dividends announced most recently: None
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 - March 31, 2024)
(% indicates changes from the previous corresponding period.)
Profit attributable
Basic earnings
Net sales
Operating profit
Ordinary profit
to owners of
per share
parent
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
Yen
First half
40,000
(4.1)
(2,000)
-
(2,100)
-
(1,800)
-
(90.73)
(cumulative)
Full year
83,000
4.5
(1,800)
-
(2,000)
-
(1,800)
-
(90.73)
(Note) Revision to the financial results forecast announced most recently: None
* Notes:
Changes in significant subsidiaries during the period under review: None (Changes in specified subsidiaries resulting in changes in scope of consolidation) Newly included: - companies (Company name)
Excluded: - companies (Company name)
Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:
None
Changes in accounting policies, changes in accounting estimates and retrospective restatement
Changes in accounting policies due to the revision of accounting standards: None
Changes in accounting policies other than 1) above: None
Changes in accounting estimates: None
Retrospective restatement: None
Total number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares):
June 30, 2023:
20,652,400 shares
March 31, 2023:
20,652,400 shares
2) Total number of treasury shares at the end of the period:
June 30, 2023:
813,491 shares
March 31, 2023:
813,491 shares
3) Average number of shares during the period:
Three months ended June 30, 2023:
19,838,909 shares
Three months ended June 30, 2022:
19,839,009 shares
These quarterly consolidated financial results are outside the scope of quarterly review by certified public accountants or an audit firm.
Explanation on the proper use of financial results forecast and other special notes
Forward-looking statements, including financial results forecasts, contained in this document are based on information currently available to the Company and certain assumptions deemed reasonable. Therefore, these statements do not constitute a guarantee that they will be realized. Actual results may differ materially from these statements due to various factors.
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Arakawa Chemical Industries Ltd. published this content on 03 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2023 07:29:11 UTC.
ARAKAWA CHEMICAL INDUSTRIES, LTD. is a Japan-based company principally engaged in the manufacture and sale of intermediate materials for papermaking chemicals, printing ink resins, adhesive resins and electronic materials. The Company has four business segments. Papermaking Chemicals segmentâs main products include sizing agents, paper strength enhancers and coated paper chemicals. Coating segmentâs main products include printing ink resins, paint resins, synthetic rubber polymerization emulsifiers and photocurable resins. Adhesive segmentâs main products include adhesive resins and ultra-light rosin. Functional Materials segmentâs main products include compounded products for electronic materials, functional fine chemical products, precision abrasives, precision parts cleaners and cleaning equipment. The Company is also involved in non-life insurance and real estate brokerage business.