Japan Pure Chemical : ┗ Third Quarter Financial Results Ended December 31, 2021 For the Fiscal Year Ending March 31, 2022 (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 Nine Months Ended December 31, 2021 (Based on Japanese GAAP)

																		January 28, 2022
Company name:	JAPAN PURE CHEMICAL CO.,LTD.
Stock exchange listing:	Tokyo
Stock code:	4973	URL	https://www.netjpc.com
Representative:	Representative Director, Chairman and			Masao Watanabe
President
Inquiries:	Managing Director					Satoru Kosaka		TEL	03-3550-1048
Scheduled date to file Quarterly Securities Report:			February 10, 2022
Scheduled date to commence dividend payments:			-
Preparation of supplementary material on quarterly financial results:		Yes
Holding of quarterly financial results meeting:			No
										((Amounts less than one million yen are rounded down))
1. Non-consolidated financial results for the nine months ended December 31, 2021 (from April 1, 2021 to December 31, 2021)
(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		%
Nine months ended December 31, 2021	14,278		17.0		884	24.2	1,017		23.9			749		22.0
Nine months ended December 31, 2020	12,204		29.7		711	(6.4)			821		(7.6)			614		(6.6)
			Earnings per share			Diluted earnings per share
						Yen				Yen
Nine months ended December 31, 2021			128.34				126.98
Nine months ended December 31, 2020			106.10				104.58
(2) Non-consolidated financial position
			Total assets				Net assets	Equity ratio		Net assets per share
			Millions of yen			Millions of yen					%					Yen
As of December 31, 2021		17,770					14,919					83.4			2,532.22
As of March 31, 2021			16,149					13,249					81.1			2,259.10
2. Cash dividends
								Annual dividends per share
			1st quarter-end	2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
			Yen				Yen			Yen				Yen				Yen
Year ended March 31, 2021			-		40.00			-				40.00				80.00
Year ending March 31, 2022			-		40.00			-
Year ending March 31, 2022 (Forecast)													40.00				80.00

3. Forecast of non-consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

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	17,000	2.3	1,090	14.1	1,200	12.2	870	10.1	150.08

1

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:	Yes
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 December 31, 2021	6,317,200	shares	As of March 31, 2021	6,317,200	shares
Number of treasury shares at the end of the period
	As of December 31, 2021	462,819	shares	As of March 31, 2021	520,283	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Nine months ended December 31, 2021	5,836,234	shares	Nine months ended December 31, 2020	5,788,722	shares

2

Quarterly non-consolidated financial statements

Non-consolidated balance sheets

			(Thousands of yen)
		As of March 31, 2021	As of December 31, 2021
Assets
Current assets
Cash and deposits	4,369,972	3,825,361
Notes and accounts receivable - trade	2,612,183	2,989,080
Merchandise and finished goods	253,549	392,310
Raw materials and supplies	534,104	387,189
Other	327,125	297,580
Allowance for doubtful accounts	(313)	-
Total current assets	8,096,622	7,891,522
Non-current assets
Property, plant and equipment	210,343	143,387
Intangible assets	76,245	50,027
Investments and other assets
Investment securities	7,723,637	9,641,849
Other	43,000	43,634
Total investments and other assets	7,766,638	9,685,484
Total non-current assets	8,053,227	9,878,899
Total assets	16,149,849	17,770,422
Liabilities
Current liabilities
Accounts payable - trade	619,169	147,024
Income taxes payable	145,610	77,709
Provision for bonuses	60,423	30,408
Other	217,686	102,462
Total current liabilities	1,042,889	357,603
Non-current liabilities
Long-term accounts payable - other	180,882	180,882
Deferred tax liabilities	1,636,458	2,272,759
Asset retirement obligations	40,035	40,147
Total non-current liabilities	1,857,375	2,493,788
Total liabilities	2,900,265	2,851,392
Net assets
Shareholders' equity
Share capital	1,283,196	1,283,196
Capital surplus	1,026,909	1,026,909
Retained earnings	7,877,256	8,149,448
Treasury shares	(1,212,677)	(1,078,759)
Total shareholders' equity	8,974,685	9,380,794
Valuation and translation adjustments
Valuation difference on available-for-sale securities	4,117,311	5,441,709
Deferred gains or losses on hedges	3,837	2,051
Total valuation and translation adjustments	4,121,148	5,443,760
Share acquisition rights	153,750	94,473
Total net assets	13,249,584	14,919,029
Total liabilities and net assets		16,149,849	17,770,422

3

Non-consolidated statements of income (cumulative)

			(Thousands of yen)
		Nine months ended	Nine months ended
		December 31, 2020	December 31, 2021
Net sales	12,204,577	14,278,429
Cost of sales	10,732,186	12,647,401
Gross profit	1,472,391	1,631,027
Selling, general and administrative expenses	760,824	746,992
Operating profit	711,567	884,035
Non-operating income
Interest income	36	22
Dividend income	108,584	128,433
Foreign exchange gains	-	188
Other	2,526	5,167
Total non-operating income	111,147	133,812
Non-operating expenses
Foreign exchange losses	1,289	-
Other	1	0
Total non-operating expenses	1,290	0
Ordinary profit	821,423	1,017,846
Extraordinary income
Gain on sale of non-current assets	240	-
Gain on reversal of share acquisition rights	3,410	1,158
Total extraordinary income	3,650	1,158
Extraordinary losses
Loss on retirement of non-current assets	0	820
Total extraordinary losses	0	820
Profit before income taxes	825,074	1,018,184
Income taxes - current	183,884	216,564
Income taxes - deferred	27,021	52,583
Total income taxes	210,906	269,147
Profit		614,168	749,037

4