Summary of Consolidated Financial Results for theThird Quarter of Fiscal Year 2023 (Japanese GAAP)
January 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 quarterly financial results: Yes
Quarterly financial results briefing:
None*Amounts less than one million yen are rounded down

1. Consolidated Financial Results for the Third Quarter of FY2023 (from April 1, 2023 to December 31, 2023)(Percentages represent year-on-year changes.)(1) Business Results
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Nine months ended

December 31, 2023
December 31, 2022

Million yen%

Million yen%

Million yen%

Million yen%

23,06924,015

(3.9)
(2.9)

(36)
192–(82.5)

125549(77.1)(52.3)

104684(84.8)(28.1)(Note) Comprehensive income:Nine months ended December 31, 2023: 410 million yen (down 51.9 %)Nine months ended December 31, 2022: 852 million yen (down 8.7%)

Earnings pershare
Nine months ended

Diluted earnings
per share

Yen

December 31, 2023
December 31, 2022

Yen

28.89
189.62––(2) Financial Position
Total assets
As ofDecember 31, 2023
March 31, 2023
(Reference) Equity:

Net assets

Equity ratio

Net assets per share

Million yen

Million yen%

Yen

50,943
48,571

18,744
18,53436.8
38.1

5,194.33
5,130.65

As of December 31, 2023: 18,744 million yen

As of March 31, 2023: 18,517 million yen

2. Dividends
Dividend per share
End of Q1

End of Q2

Yen
Year ended

March 31, 2023
Year ending

March 31, 2024

End of Q3

Yen

End of fiscalyear

Yen

–0.00

––

0.00

–

Year ending

March 31, 2024 (forecast)

Annual

Yen

Yen

50.00

50.00

50.00

50.00

(Note) Revision to the forecast for dividends announced most recently: None

3. Forecast of Consolidated Financial Results for the FY2023 (from April 1, 2023 to March 31, 2024)(Percentages represent year-on-year changes.)

Net sales
Full-year

Operating profit

Million yen%

Million yen

32,7003.6200

Profit attributable toowners of parent

Ordinary profit%

Earnings per share

Million yen%

Million yen%

Yen10070.460(82.3)

16.62–(Note) Revision to the financial results forecast announced most recently: None

* Notes(1) Changes in significant subsidiaries during the period (changes in specific subsidiaries accompanied by a change in the scopeof consolidation): 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 December 31, 2023:
4,261,420 shares
As of March 31, 2023:
4,261,420 shares(ii) Number of treasury shares at the end of the periodAs of December 31, 2023:
652,714 shares
As of March 31, 2023:
652,254 shares(iii) Average number of outstanding shares during the period (cumulative from the beginning of the period)
Nine months ended December 31, 2023: 3,608,934 shares
Nine months ended December 31, 2022: 3,609,494 shares4. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Millions of yen)
FY2022(As of March 31, 2023)
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, netTools, furniture and fixtures, net
Land
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 –Q3 of FY2023(As of December 31, 2023)

10,529
7,516
3,738
6,468
1,277
3,010
220
675
33,436

10,594
7,691
3,857
6,905
1,335
3,389
17
628
34,421

4,786
1,636
379
4,344
170
200
11,518

4,694
1,387
415
4,344
160
1,358
12,362

15
54
383
47
59
9569

1249
170
63
43
9
348

1,385
49640157
353
414
(61)
3,046
15,134
48,571

2,054
505
527
53
310
420
(61)
3,810
16,52150,943

(Millions of yen)
FY2022(As of March 31, 2023)
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
OthersQ3 of FY2023(As of December 31, 2023)

2,545
6,399
392
2,650
7784
81
91
1,678
175
221
369

2,255
5,846
560
2,786
80
36
26
185
1,482
309
232
372

14,766

14,174

11,950
161
457
139
915
1,645

14,080
163
477
141
915
2,246

15,27018,024

Total liabilities

30,03732,198

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

4,304
1,263
13,636
ሺ3,110)

4,304
1,263
13,558(3,111)

Total 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

16,09316,015

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

335
2,072
(20)
35448
2,072
185
23

Total accumulated other comprehensive income

2,423

2,729

17–

Share acquisition rights
Total net assets

18,534

18,744

Total liabilities and net assets

48,57150,943– 2 –(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income(Millions of yen)
For the nine months ended
December 31, 2022

For the nine months ended
December 31, 2023

Net sales
Cost of sales

24,015
17,66523,06917,224Gross profit
Selling, general and administrative expenses

6,349
6,156

5,845
5,881

192

(36)

130
5235
520

19398
18203
117

Operating profit (loss)
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
Dividend income of insurance
OthersTotal non-operating income

465

286

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

97
56108

106
512124

Ordinary profit

549

125

Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Gain on reversal of share acquisition rights

10411
–––
17422

17

Profit before income taxes

971

142

Income taxes—current
Income taxes—deferred

124
162

35
3

Total income taxes

286

38

Profit684

104

Total extraordinary income

Profit attributable to non-controlling interests
Profit attributable to owners of parent– 3 –––

684

104

Quarterly Consolidated Statement of Comprehensive Income(Millions of yen)
For the nine months ended
December 31, 2022
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 nine months ended
December 31, 2023

684

104

(224)
406
(13)

112
205
(12)

168

306

Comprehensive income

852

410

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

852
–410
–– 4 –