Financial Result Summary for the Nine Months of the Fiscal Year Ended March 31, 2022 [PDF: 936KB]

Financial Result Summary

for the Nine Months of the Fiscal Year

Ended March 31, 2022

Nippon Soda Co., Ltd.

February 4, 2022

1

Contents

１．Consolidated Financial Results for the Nine Months of the Fiscal Year Ended March 31, 2022

・Overview	．．． 3
・Performance by segment	．．． 4
・Net Sales by sub-segments of Chemicals	．．． 5
・Net Sales by sub-segments of Agro Products	．．． 6

２．Forecast of Consolidated Financial Results
for the Fiscal Year Ending March 31, 2022
・Overview	．．．	8
・Forecast of performance by segment	．．．	9 - 10
３．Reference Materials	．．．11 - 12

2

Consolidated Financial Results for the Nine Months of the Fiscal Year Ended March 31, 2022 (Overview)

(Billions of yen)	2021/3 3Q	2022/3 3Q	Change	Change (%)
(amount)
Net sales	93.05	100.60	7.55	8.1%
Operating profit	4.90	6.44	1.53	31.2%
Share of profit of entities accounted	0.23	1.19	0.96
for using equity method
Ordinary profit	5.50	8.58	3.07	55.9%
Profit attributable to owners of parent	2.14	5.69	3.55	165.8%
Exchange rate (JPY/USD)	106.0	110.9	4.9
Exchange rate (JPY/EUR)	122.1	130.5	8.4

・Increase in sales in the Chemicals and Trading Businesses ・Rise in raw materials and fuel costs

・Increase in share of profit of entities accounted for using equity method and exchange rate changes for the weak yen

・Impact of applying the "Accounting Standard for Revenue Recognition"

Net sales : 0.13

Operating profit : 0.38 (of which, Agro Products : 0.32)

・Operating profit difference : 1.53 breakdown

Price difference : 1.29（of which, rate difference: 1.24）

Volume difference : 1.93

Material purchase price difference : (1.17)

(of which, rate difference : (0.37))

Others : (0.51)

【Operating profit （year on year）】

（Billions of yen）

1.93 （1.17）

						（0.51）	6.44
			1.29
	4.90
				Operating	profit
				difference: 1.53
	'21/3 3Q		Price	Volume		Material	Others	'22/3 3Q
			difference	difference		Purchase
					Price difference			3

(Performance by segment)

Consolidated Financial Results for the Nine Months of the Fiscal Year Ended March 31, 2022

(Billions of yen)	2021/3	3Q	2022/3 3Q	Change (amount)
Net sales	Operating	Net sales	Operating	Net sales	Operating
		profit	profit	profit
Chemicals	26.81		1.46	30.18	2.24	3.37	0.78
Agro Products	27.31		0.74	28.46	1.17	1.15	0.43
Trading	23.60		0.59	26.52	0.94	2.93	0.36
Transportation and Warehousing	3.11		0.49	3.35	0.54	0.24	0.05
Construction	6.18		0.92	4.95	0.85	(1.23)	(0.07)
Others	6.04		0.52	7.14	0.78	1.09	0.26
Adjustments			0.19		(0.08)		(0.27)
Total	93.05		4.90	100.60	6.44	7.55	1.53

・Chemicals Business : Increases in Secondary battery materials, pharmaceutical additive "NISSO HPC" and resin additive "NISSO-PB" and steady sales of consolidated subsidiaries Alkaline SAS

・Agro Products Business : Increase in sales for exports of acaricide "NISSORUN" and insecticide "MOSPILAN", launched in new acaricide "DANIYOTE" and decrease in sales for exports of fungicide "TOPSIN-M"

・Trading Business : Increase in various inorganic and organic chemicals and nonferrous metals, urethane materials

・Transportation and Warehousing : Increase in transportation business

・Construction Business : decrease in plant construction works

・The impact of the application of the "Accounting Standard for Revenue Recognition"

Net sales : 0.13

Operating profit : 0.38 (of which, Agro Products: 0.32）

4

(Net sales by sub-segmentsof Chemicals)

Consolidated Financial Results for the Nine Months of the Fiscal Year Ended March 31, 2022

(Billions of yen)

consolidated-	Industrial chemicals
Fine chemicals
	Specialty chemicals
	Eco-business
Non	Pharmaceuticals &
intermediates, Biocides

Subtotal

Subsidiaries sales, elimination of transactions, etc.

Net sales of Chemicals

2021/3 3Q	2022/3 3Q	Change	Main factors of change
(amount)
9.68	9.92	0.25	Caustic soda↑, Caustic potash↓
4.28	6.33	2.05	Secondary battery materials↑,
Color developers for thermal paper↑

4.50 4.95 0.44 NISSO-PB↑,VP-POLYMER↑

4.45	4.59	0.14
5.99	6.05	0.06	NISSO HPC↑,
Pharmaceutical ingredient↓
28.90	31.84	2.94
(2.09)	(1.65)	0.44
26.81	30.18	3.37

・Industrial chemicals : Increase in caustic soda and decrease in caustic potash

・Fine chemicals : Increase in secondary battery materials and color developers for thermal paper

・Specialty chemicals : Increase in resin additive "NISSO-PB" and KrF photo resist material

"VP-POLYMER"

・Pharmaceuticals : Increase in pharmaceutical additive "NISSO HPC", and decrease in pharmaceutical ingredient

【Chemicals : Progress in quarterly net sales and operating profit】

1Q 2Q	3Q 4Q (Billions of yen）
Net sales	Operating profit

50						2.5	（3rd quarter）
		42.50		2.24
40	37.57（3rd quarter）	nd	half）	2.0	1.72	0.78	1.74
	10.76	30.18	（2			0.27
30	22.83	1.5	0.20	（2nd half）
						0.46
	9.20	10.51					0.49
20				1.0
8.45	9.76	（1st half）	0.25	1.26	（1st half）
	19.67			1.44
10		0.5	0.72
	9.15	9.91
0	'21/3	'22/3		'22/3	0.0	'21/3	'22/3	'22/3
	results	3Q	Forecast		results	3Q	Forecast	5