Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending February 29, 2024
[Japanese GAAP]
January 11, 2024
Company name:

Hisamitsu Pharmaceutical Co., Inc.

Stock exchange listing:Tokyo, Nagoya, Fukuoka

Securities code:

4530

URL:

https://global.hisamitsu/

Representative:

NAKATOMI Kazuhide, President & CEO

Contact

ISOBE Yuichi, Excective Officer, Department General Manager of Corporate Strategy Planning andBusiness Development

TEL:+81-3-5293-1704

Scheduled date of filing quarterly securities report:

Jan. 12, 2024

Scheduled date of dividend payment:―Preparation of supplementary materials for quarterly financial results:

Yes

Holding of quarterly financial results meeting:Yes (for institutional investors and analysts, etc.)(Amounts are rounded down to the nearest millions of yen)

1. Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending February 29, 2024
(March 1, 2023 to November 30, 2023)(1) Consolidated Operating Results(Percentages represent year-on-year changes)
Net sales

Operating profit

Millions of yen%

Millions of yen%

Millions of yen

Nine months ended Nov. 30, 2023

102,827

11.9

12,270Nine months ended Nov. 30, 2022

91,881

6.0

8,506

44.2
22.0

(Note) Comprehensive income:%

Millions of yen%

16,66128.1

12,11027.2

13,003

50.1

9,522

53.1

Nine months ended Nov. 30, 2023

27,871 millions of yen [(8.6％)]

Nine months ended Nov. 30, 2022

30,499 millions of yen [226.2％]

Profit per share

Profit attributable toowners of parent

Ordinary profit

Diluted profit pershareyenyen

Nine months ended Nov. 30, 2023

156.64156.48Nine months ended Nov. 30, 2022

119.46119.36(2) Consolidated Financial Position
Total assets

Shareholders’equity ratio

Millions of yen

Millions of yen%

334,909271,49680.3

313,917

258,408

81.6

As of Nov. 30, 2023
As of Feb. 28, 2023
(Reference) Shareholders’ equity:

Net assets

As of Nov. 30, 2023

268,773 millions of yen

As of Feb. 28, 2023

256,105 millions of yen

2. Dividends
Annual dividends
First quarter

Second quarter

Third quarter

Fouth quarter

Totalyenyenyen

yenyenYear ended Feb. 28, 2023

―

42.25

―

42.25

84.50

Year ending Feb. 29, 2024

―

42.50

―
42.50

85.00

Year ending Feb. 29, 2024
(Forecast)(Note) Revisions to the most recently announced dividends forecast:No

3. Consolidated Earnings Forecast for the Fiscal Year Ending February 29, 2024 (March 1, 2023 to February 29, 2024)(Percentages represent year-on-year changes)

Net sales
Full year

Operating profit

Millions of yen%

Millions of yen

141,000

9.9

14,400

Profit attributable toowners of parent

Ordinary profit%

24.1(Note) Revisions to the most recently announced consolidated forecast:Yes

Profit pershare

Millions of yen%

Millions of yen%

yen

19,90024.0

14,60024.3

188.85*Notes(1) Changes in significant subsidiaries during the period(Chages in specified subsidiaries resulting in changes in scope of consolidation): None(2) Apprication of special accounting methods for preparation of quarterly consolidated financial statements(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revision of accounting standards
2) Changes in accounting policies other than 1) above
3) Changes in accounting estimates
4) Restatement: Yes: None: None: None: None(4) The number of shares outstanding (common stock)1) Total number of shares outstanding at the end of the period (including treasury stock)
As of Nov. 30, 2023
85,164,895 shares
As of Feb. 28, 2023
85,164,895 shares2) Total number of treasury stock at the end of the period
As of Nov. 30, 2023
9,055,141 shares
As of Feb. 28, 2023
7,420,560 shares
3) Average number of shares outstanding during the period
Nine months ended Nov. 30, 2023
77,310,355 shares
Nine months ended Nov. 30, 2022
79,715,046 shares*Quarterly financial results reports are not subjected to quarterly review.
*Explanation for appropriate use of financial forecasts and other special notes
Among this document, the forecasts based on the plan may changes due to uncertain factors. Therefore, the actual
operating results may differ from the company's view.
Financial settlement briefings for institutional investors and analysts will be held on January 11, 2024. Presentationmaterials of financial results will be posted promptly on the company’s website after the financial settlement briefings.

Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance sheets(Millions of yen)

Prior Fiscal Year End(As of Feb. 28, 2023)

Current Third Quarter(As of Nov. 30, 2023)

AssetsCurrent assets
Cash and deposits

122,154

111,141

Notes and accounts receivable - trade, and contract assets

40,01442,412

Securities

14,714

12,771

Merchandise and finished goods

10,33011,834562

1,031

Raw materials and supplies

8,030

8,741

Other

3,629

12,553

Allowance for doubtful accounts

(261)

(303)

199,174

200,181

Buildings and structures, net

13,98017,213

Other, net

29,22933,811

Total property, plant and equipment

43,20951,025

Sales rights

394

358

Goodwill―

4,649

Other551

557

Total intangible assets

946

5,566

Investment securities

60,84567,616

Other

9,948

10,707

Allowance for doubtful accounts

(207)

(188)

Total investments and other assets

70,586

78,136

114,742

134,728

313,917334,909

Work in process

Total current assets
Non-current assets
Property, plant and equipment

Intangible assets

Investments and other assets

Total non-current assets
Total assets― 1 ―(Millions of yen)

Prior Fiscal Year End(As of Feb. 28, 2023)

Current Third Quarter(As of Nov. 30, 2023)

Liabilities
Current liabilities
Notes and accounts payable - trade

8,351

10,052

Electronically recorded obligations - operating

6,567

6,315

Short-term loans payable

1,071

1,071

Income taxes payable

2,338

2,315

Provision for bonuses

1,340

678

Other

22,90829,913

Total current liabilities

42,57850,346

Non-current liabilities
Long-term loans payable

147

95

Net defined benefit liability

8,408

8,587

Other4,375

4,383

Total non-current liabilities

12,93113,066

55,50963,412

Capital stock

8,473

8,473

Capital surplus

2,361

2,361

Total liabilities
Net assets
Shareholders' equity

Retained earnings

235,569

241,100

Treasury shares(27,196)(35,341)

Total shareholders' equity

219,208

216,594

17,04221,802

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Revaluation reserve for land

3,403

3,402

Foreign currency translation adjustment

15,81926,505Remeasurements of defined benefit plans
Total accumulated other comprehensive income

631

467

36,89652,178

Share acquisition rights

260

313

Non-controlling interests

2,042

2,410

258,408

271,496

313,917334,909

Total net assets
Total liabilities and net assets― 2 ―(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income(Millions of yen)

Prior Fiscal Year
Current Fiscal Year
(Mar. 1, 2022 – Nov. 30, 2022) (Mar. 1, 2023 – Nov. 30, 2023)

Net sales

91,881

102,827

Cost of sales

39,10044,227Gross profit

52,78158,600

Selling, general and administrative expenses

44,274

46,330Operating profit

8,50612,270

Interest income

398

1,806

Dividend income

626705

3,210

1,446

―

83

Non-operating income

Foreign exchange gains
Share of profit of entities accounted for using equity method
Other

452

431

4,687

4,472

Interest expenses

1212

Share of loss of entities accounted for using equity method

35―

Loss on cancellation of insurance policies―

47

Cost for idle operation

95―

Other

46

21

Total non-operating expenses

189

80

13,003

16,661

Total non-operating income
Non-operating expenses

Ordinary profit
Extraordinary income
Gain on disposal of non-current assets

142

1

Total extraordinary income

142

1

Loss on disposal of non-current assets

116

3

Total extraordinary losses

116

3

Extraordinary losses

Profit before income taxes

13,02916,659

Income taxes

3,208

4,179

Profit9,821

12,480

299

370

9,522

12,110

Profit attributable to non-controlling interests
Profit attributable to owners of parent― 3 ―Quarterly Consolidated Statements of comprehensive income(Millions of yen)

Prior Fiscal Year
Current Fiscal Year
(Mar. 1, 2022 – Nov. 30, 2022) (Mar. 1, 2023 – Nov. 30, 2023)

Profit9,821

12,480Valuation difference on available-for-sale securities

2,928

4,644

Foreign currency translation adjustment

18,021

10,795Remeasurements of defined benefit plans, net of tax

(240)

(140)

Share of other comprehensive income of entities accounted forusing equity method

(31)

92

20,67815,39130,49927,871

30,10427,392395

479

Other comprehensive income

Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests― 4 ―