VALQUA : released Supplementary Materials of its FY ended March 2021 3rd Quarter results.

January 27, 2021

― Supplementary Materials of Consolidated Financial Results ―

The Third 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

3Q

Results Summary

	FY2019.3	FY2020.3	FY2021.3
	1-3Q	1-3Q	1-3Q
Net Sales	38,709	36,561	32,748
			(-10.4%)
Gross	14,498	13,778	12,800
Profit			(-7.1%)
Operating	4,389	3,352	2,245
Profit	(-33.0%)
Profit Attributable	3,087	2,393	2,190
to Owners
of Parent			(-8.5%)
Gross	37.5%	37.7%	39.1%
Profit Margin
Operating	11.3%	9.2%	6.9%
Profit Margin
Earnings per	175.57	136.06	124.25
Share

Balance Sheet Summary

	End of	End of	End of
	FY2021.3
	FY2019.3	FY2020.3
	3Q
Assets	49,535	48,128	50,535
Equity	32,815	33,334	34,313
Cash and	7,109	6,644	6,872
Deposits
Interest-	3,744	3,071	4,123
Bearing Debt
Net Interest-	-3,364	-3,572	-2,748
Bearing Debt
Equity Ratio	66.2%	69.3%	67.9%
Debt Equity	0.11	0.09	0.12
Ratio

Business Results

--- Details

Sales by	FY2019.3	FY2020.3	FY2021.3
Industrial
1-3Q	1-3Q	1-3Q
Market

Market	13.2BY	11.9BY	12.2BY
Tech
			(+2.5%)
Market	13.7BY	12.7BY	10.7BY
Machinery
			(-15.7%)
Plant	11.4BY	11.6BY	9.6BY
Market
			(-17.2%)
		(BY=Billions of yen)
Sales by	FY2019.3	FY2020.3	FY2021.3
Region	1-3Q	1-3Q	1-3Q
Japan	27,802	25,803	22,512
			(-12.8%)
Sales Ratio	71.8%	70.6%	68.7%
Overseas	10,907	10,758	10,236
			(-4.8%)
Sales Ratio	28.2%	29.4%	31.3%

FY2021.3

				3Q
Results by	FY2019.3	FY2020.3	FY2021.3
Segment	1-3Q	1-3Q	1-3Q
	Sales	25,464	24,105	23,125
	Net
Seal				(-4.1%)
Segment	3,552	2,555	2,940
Products
Business	Profit			(+15.0%)
	Profit	14.0%	10.6%	12.7%
	Margin
	Net	10,732	10,058	7,678
High	Sales
		(-23.7%)
Performance
Segment	556	520	-630
Plastics
Products	Profit			(+→-)
Business
Profit	5.2%	5.2%	-8.2%
	Margin
	Sales	2,512	2,397	1,945
	Net
Silicon Wafer				(-18.9%)
Reclaim	Segment	280	276	-64
and Other
Profit	(+→-)
Businesses
	Profit	11.2%	11.5%	-3.3%
	Margin

Business Results

--- Quarterly Transition

FY2021.3

3Q

	FY2019.3	FY2019.3	FY2020.3	FY2020.3	FY2020.3	FY2020.3	FY2021.3	FY2021.3	FY2021.3
	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q
Net Sales	12,625	12,533	12,619	12,296	11,645	11,650	10,960	10,670	11,117
Gross	4,614	4,595	4,962	4,485	4,331	4,195	4,415	4,209	4,176
Profit
Operating	1,182	1,220	1,543	1,001	807	861	878	807	559
Profit
Profit	733	999	1,091	724	577	524	700	1,102	387
Attributable to
Owners
of Parent
Gross	36.5%	36.7%	39.3%	36.5%	37.2%	36.0%	40.3%	39.4%	37.6%
Profit Margin
Operating	9.4%	9.7%	12.2%	8.1%	6.9%	7.4%	8.0%	7.6%	5.0%
Profit Margin