VALQUA released supplementary materials of 2nd Quarter, FY ended March 2022 results.

October 27, 2021

― Supplementary Materials of Consolidated Financial Results ―

The Second Quarter of the Fiscal Year Ending March 31, 2022

・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

2Q

FY2022.3

Results Summary

1-2Q	1-2Q	1-2Q
FY2022.3
FY2020.3	FY2021.3
(YoY)

Net Sales	24,915	21,630	24,740
			(+14.4%)
Gross	9,447	8,624	9,801
Profit	(+13.6%)
Operating	2,545	1,685	2,696
Profit	(+60.0%)
Profit Attributable	1,816	1,803	1,916
to Owners
of Parent			(+6.3%)
Gross	37.9%	39.9%	39.6%
Profit Margin
Operating	10.2%	7.8%	10.9%
Profit Margin
Earnings per	103.29 yen	102.33 yen	108.54 yen
Share

Balance Sheet Summary

	End of	End of	End of
	2Q
	FY2020.3	FY2021.3
	FY2022.3
Assets	48,128	52,691	57,411
Equity	33,334	35,647	37,703
Cash and	6,644	8,099	7,725
Deposits
Interest-	3,071	4,153	5,172
Bearing Debt
Net Interest-	-3,572	-3,946	-2,552
Bearing Debt
Equity Ratio	69.3%	67.7%	65.1%
Debt Equity	0.09	0.12	0.14
Ratio

Business Results

--- Details

Sales by Industrial Market

	1-2Q	1-2Q	1-2Q
	FY2022.3
	FY2020.3	FY2021.3
	(YoY)
Tech	8.1 BY	8.1 BY	9.9 BY
Market	(+22.2%)
Machinery	8.5 BY	6.9 BY	7.9 BY
Market	(+14.5%)
Plant	8.0 BY	6.5 BY	6.7 BY
Market	(+3.1%)
		(BY=Billions of yen)
	Sales by Region
Japan	17,520	15,045	16,595
			(+10.3%)
Sales Ratio	70.3%	69.6%	67.1%
Overseas	7,394	6,585	8,145
(+23.7%)
Sales Ratio	29.7%	30.4%	32.9%

				2Q
			FY2022.3
	Results by Segment
		1-2Q	1-2Q	1-2Q
		FY2022.3
		FY2020.3	FY2021.3
		(YoY)
	Sales	16,316	15,398	16,894
	Net
Seal				(+9.7%)
Segment	1,887	2,095	2,305
Products
Business	Profit	(+10.0%)
	Profit	11.6%	13.6%	13.6%
	Margin
	Net	6,865	4,936	6,504
High	Sales			(+31.8%)
Performance	Segment	409	-339	483
Plastics
Products	Profit	(- → +)
Business	Profit	6.0%	-6.9%	7.4%
	Margin
	Sales	1,733	1,295	1,341
	Net
				(+3.5%)
SWR & Other	Segment	248	-69	-91
Businesses	Profit	(- → -)
	Profit	14.3%	-5.4%	-6.9%
	Margin

＊SWR & Other Businesses =Silicon Wafer Reclaim and Other Businesses

Business Results

--- Quarterly Transition

2Q

FY2022.3

	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q
	FY2020.3	FY2020.3	FY2020.3	FY2021.3	FY2021.3	FY2021.3	FY2021.3	FY2022.3	FY2022.3
Net Sales	12,296	11,645	11,650	10,960	10,670	11,117	11,968	12,151	12,588
Gross	4,485	4,331	4,195	4,415	4,209	4,176	4,716	4,745	5,055
Profit
Operating	1,001	807	861	878	807	559	1,230	1,157	1,538
Profit
Profit
Attributable to	724	577	524	700	1,102	387	900	732	1,184
Owners
of Parent
Gross	36.5%	37.2%	36.0%	40.3%	39.4%	37.6%	39.4%	39.1%	40.2%
Profit Margin
Operating	8.1%	6.9%	7.4%	8.0%	7.6%	5.0%	10.3%	9.5%	12.2%
Profit Margin

Orders Received and Order Backlog

--- Quarterly Transition

2Q

FY2022.3

		2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q
		FY2020.3	FY2020.3	FY2020.3	FY2021.3	FY2021.3	FY2021.3	FY2021.3	FY2022.3	FY2022.3
Orders	Consolidated	11,212	10,835	12,226	10,475	10,756	11,092	13,013	14,506	13,063
Seal	7,534	7,654	8,278	7,843	7,660	7,429	8,518	8,774	9,084
Received
High Performance	2,753	2,595	3,314	1,957	2,503	2,970	3,870	5,015	3,198
Plastics
SWR & Other	923	585	634	674	592	692	624	716	779
Net	Consolidated	12,296	11,645	11,650	10,960	10,670	11,117	11,968	12,151	12,588
Seal	7,865	7,789	7,966	7,916	7,482	7,726	8,224	8,488	8,405
Sales
High Performance	3,525	3,192	3,030	2,342	2,593	2,742	3,063	2,994	3,510
Plastics
	SWR & Other	905	663	653	702	593	649	680	668	672
Order	Consolidated	7,280	6,469	7,045	6,560	6,646	6,620	7,665	10,020	10,495
Seal	3,406	3,270	3,583	3,510	3,688	3,390	3,684	3,970	4,649
Backlog
High Performance	3,550	2,953	3,236	2,852	2,762	2,990	3,797	5,818	5,506
Plastics
SWR & Other	323	244	225	197	196	239	183	231	339

＊SWR & Other =Silicon Wafer Reclaim and Other Businesses