Summary of Consolidated Financial Results for theFirst Quarter of Fiscal Year 2024 (Japanese GAAP)
July 31, 2024
Company name:Securities code:
Representative:
Contact:

Nippon Chemiphar Co., Ltd.
Listing: Tokyo Stock Exchange4539
URL: https://www.chemiphar.co.jp/english/
Kazushiro Yamaguchi, President & CEO
Shinji Nakajima, Corporate Officer and Senior Manager of Accounts & Finance Department
Phone: 03-3863-1211
Scheduled date of dividend payout:–Supplementary documents for financial results:
Yes
Financial results briefing:
None*Amounts less than one million yen are rounded down

1. Consolidated Financial Results for the First Quarter of FY2024 (from April 1, 2024 to June 30, 2024)(Percentages represent year-on-year changes.)(1) Business Results
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Three months ended

Million yen%

Million yen

June 30, 2024
June 30, 2023

7,996
7,537

6.1
(10.5)

3(106)(Note) Comprehensive income:Three months ended June 30, 2024: 106 million yen (152.6%)
Three months ended June 30, 2023: 42 million yen (down 85.5%)

Earnings pershare%Million yen%

Million yen%

161
111

44.1(78.2)

126
7959.3(87.8)––

Diluted earnings
per share

Three months ended

Yen

June 30, 2024
June 30, 2023

35.09
22.03

Yen

––(2) Financial Position
Total assets
As ofJune 30, 2024
March 31, 2024
(Reference) Equity:

Net assets

Equity ratio

Net assets per share

Million yen

Million yen%

Yen

51,03149,54818,385
18,46036.0
37.3

5,095.29
5,116.02

As of June 30, 2024: 18,385 million yen

As of March 31, 2024: 18,460 million yen

2. Dividends
Dividend per shareEnd of Q1

End of Q2

Yen
Year ended–

March 31, 2024
Year ending

End of Q3

Yen

End of fiscalyear

YenAnnualYen

Yen

0.00

–

50.00

50.00

0.00

–

50.00

50.00

–

March 31, 2025
Year ending

March 31, 2025 (forecast)(Note) Revision to the forecast for dividends announced most recently: None

3. Forecast of Consolidated Financial Results for the FY2024 (from April 1, 2024 to March 31, 2025)(Percentages represent year-on-year changes.)

Net sales
Full-year

Operating profit

Million yen%

Million yen

31,5002.4200

Profit attributable toowners of parent

Ordinary profit%

Earnings per share

Million yen%

Million yen%

Yen100–60–

16.63–(Note) Revision to the financial results forecast announced most recently: None* Notes(1) Significant changes in the scope of consolidation during the period: No(2) Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements: No(3) Changes in accounting policies and changes or restatement of accounting estimates(i) Changes in accounting policies accompanying amendments to accounting standards, etc.: No(ii) Changes in accounting policies other than (i):No
(iii) Changes in accounting estimates:
No(iv) Restatement:No(4) Number of shares outstanding (common stock)(i) Number of shares outstanding at the end of the period (including treasury shares)
As of June 30, 2024:
4,261,420 shares
As of March 31, 2024:
4,261,420 shares(ii) Number of treasury shares at the end of the period
As of June 30, 2024:
653,176 shares
As of March 31, 2024:
652,976 shares(iii) Average number of outstanding shares during the period (cumulative from the beginning of the period)
Three months ended June 30, 2024:
3,608,317 shares
Three months ended June 30, 2023:
3,609,112 shares4. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Millions of yen)
FY2023(As of March 31, 2024)

Q1 of FY2024(As of June 30, 2024)

9,200
7,736
3,790
5,785
1,476
3,461
20
364
31,836

10,686
7,266
4,211
5,756
1,575
3,613
25
314
33,448

4,541
1,337
387
4,344
171
2,442
13,224

4,565
1,286
359
4,344
161
2,459
13,178

10
47100
7340
9281

945
2973
35
9203

2,066
492
967
52
267
420(61)
4,206
17,71249,548

1,937
504
1,006
50
342
420(61)
4,200
17,582
51,031

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable―trade, and contract assets
Electronically recorded monetary claims―operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Income taxes refund receivable
OthersTotal current assets
Non-current assets
Property, plant, and equipment
Buildings and structures, net
Machinery, equipment, and vehicles, net
Tools, furniture and fixtures, netLand
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Patent rights
Trademark rights
Sales rights
Leased assets
SoftwareTelephone subscription rights
Total intangible assets
Investments and other assets
Investment securities
Long-term prepaid expenses
Retirement benefit assets
Leasehold and guarantee deposits
Deferred tax assets
OthersAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets– 1 –(Millions of yen)
FY2023(As of March 31, 2024)

Q1 of FY2024(As of June 30, 2024)

2,020
4,958
568
2,801
86
82
73
301
2,032
213
210
437

2,416
5,253
770
3,013
83
51
99
109
2,079
203
203
395

13,786

14,67913,344
182
483
128
915
2,246

14,010
175
479
131
915
2,254

17,301

17,967

Total liabilities

31,08732,646

Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury shares

4,304
1,263
13,273
ሺ3,111)

4,304
1,263
13,217(3,111)

15,72915,673

455
2,072
(95)
298

370
2,072
(24)
292

Liabilities
Current liabilities
Notes and accounts payable—trade
Electronically recorded obligations—operating
Short-term borrowings
Current portion of long-term borrowings
Lease obligations
Accounts payable—other
Income taxes payable
Accrued consumption taxes
Accrued expenses
Deposits received
Refund liabilities
OthersTotal current liabilities
Non-current liabilities
Long-term borrowings
Lease obligations
Provision for retirement benefits for directors
Net defined benefit liability
Deferred tax liabilities for land revaluation
OthersTotal non-current liabilities

Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans

2,731

2,711

Total net assets

Total accumulated other comprehensive income

18,46018,385

Total liabilities and net assets

49,54851,031– 2 –(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income(Millions of yen)
For the three months ended
June 30, 2023

For the three months ended
June 30, 2024

Net sales
Cost of sales

7,5375,686

7,996
5,902

Gross profit
Selling, general and administrative expenses

1,850
1,957

2,094
2,091

Operating profit (loss)

(106)

30
18
1022
11042175176
2

Total non-operating income

254

209

Non-operating expenses
Interest expenses
Commission expense
OthersTotal non-operating expenses

31
1236

43
1551

Ordinary profit

111

161

Profit before income taxes

111

161

Income taxes—current
Income taxes—deferred

80
(47)

67
(32)

Non-operating income
Interest income
Dividend income
Rental income from non-current assets
Share of profit of entities accounted for using equity
methodForeign exchange gains
OthersTotal income taxes

3234

Profit79

126

Profit attributable to non-controlling interests––Profit attributable to owners of parent

79

126

– 3 –

Quarterly Consolidated Statement of Comprehensive Income(Millions of yen)
For the three months ended
June 30, 2023
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total other comprehensive income

For the three months ended
June 30, 2024

79

126

114
(147)
(4)(84)
71
(6)

(37)

(19)

Comprehensive income

42

106

Comprehensive income attributable to:
Owners of parent
Non-controlling interests

42
–

106
–

– 4 –