Japan Pure Chemical : ┗ First Quarter Financial Results Ended June 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 Three Months Ended June 30, 2023

(Based on Japanese GAAP)

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
Planning Division and Finance Division
Scheduled date to file Quarterly Securities Report:	August 8, 2023
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results:	Yes
Holding of quarterly financial results meeting:	No

July 24, 2023

TEL [phone]

						(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the three months ended June 30, 2023 (from April 1, 2023 to June 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	%
Three months ended June 30, 2023	2,843	(43.7)		54	(80.6)	154		(58.9)	119	(57.1)
Three months ended June 30, 2022	5,050	(1.1)		282	6.0	374		14.9	278	17.2
	Earnings per share		Diluted earnings per share
		Yen				Yen
Three months ended June 30, 2023		20.74				20.60
Three months ended June 30, 2022		47.52				47.17
(2) Non-consolidated financial position
	Total assets			Net assets	Equity ratio		Net assets per share
	Millions of yen			Millions of yen				%		Yen
As of June 30, 2023		16,368				13,939				84.7	2,409.45
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	-
Year ending March 31, 2024 (Forecast)		40.00	-	40.00

Total

Yen 80.00

80.00

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	16,500	1.5	700	23.3	850	12.8	600	5.3	104.33

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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 June 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 June 30, 2023	316,287	shares	As of March 31, 2023	316,287	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Three months ended June 30, 2023	5,750,913	shares	Three months ended June 30, 2022	5,855,359	shares

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Quarterly non-consolidated financial statements

Non-consolidated balance sheets

		(Thousands of yen)
	As of March 31, 2023	As of June 30, 2023
Assets
Current assets
Cash and deposits	5,766,078	5,994,777
Notes and accounts receivable - trade	1,213,631	1,113,149
Merchandise and finished goods	55,220	126,650
Raw materials and supplies	376,313	427,803
Other	421,285	145,223
Total current assets	7,832,529	7,807,603
Non-current assets
Property, plant and equipment	87,460	81,636
Intangible assets	14,057	11,951
Investments and other assets
Investment securities	7,582,411	8,372,765
Other	95,063	94,260
Total investments and other assets	7,677,474	8,467,025
Total non-current assets	7,778,993	8,560,614
Total assets	15,611,523	16,368,218
Liabilities
Current liabilities
Accounts payable - trade	40,423	152,312
Income taxes payable	15,255	17,077
Provision for bonuses	56,810	28,407
Other	125,266	111,690
Total current liabilities	237,755	309,486
Non-current liabilities
Long-term accounts payable - other	180,882	180,882
Deferred tax liabilities	1,647,517	1,897,754
Asset retirement obligations	40,337	40,375
Total non-current liabilities	1,868,736	2,119,011
Total liabilities	2,106,492	2,428,498
Net assets
Shareholders' equity
Share capital	1,283,196	1,283,196
Capital surplus	1,026,909	1,026,909
Retained earnings	7,828,627	7,717,867
Treasury shares	(752,624)	(752,624)
Total shareholders' equity	9,386,108	9,275,348
Valuation and translation adjustments
Valuation difference on available-for-sale securities	4,031,155	4,577,345
Deferred gains or losses on hedges	4,784	3,837
Total valuation and translation adjustments	4,035,940	4,581,182
Share acquisition rights	82,981	83,188
Total net assets	13,505,030	13,939,720
Total liabilities and net assets	15,611,523	16,368,218

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Non-consolidated statements of income (cumulative)

		(Thousands of yen)
	Three months ended	Three months ended
	June 30, 2022	June 30, 2023
Net sales	5,050,083	2,843,237
Cost of sales	4,507,044	2,532,795
Gross profit	543,038	310,441
Selling, general and administrative expenses	260,911	255,740
Operating profit	282,127	54,701
Non-operating income
Interest income	2	2
Dividend income	90,372	97,833
Foreign exchange gains	1,686	1,138
Other	510	460
Total non-operating income	92,573	99,435
Non-operating expenses
Total non-operating expenses	-	-
Ordinary profit	374,700	154,136
Extraordinary income
Gain on reversal of share acquisition rights	1,955	426
Total extraordinary income	1,955	426
Extraordinary losses
Total extraordinary losses	-	-
Profit before income taxes	376,655	154,562
Income taxes - current	74,329	25,685
Income taxes - deferred	24,106	9,600
Total income taxes	98,436	35,286
Profit	278,218	119,276

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