Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending February 28, 2022
[Japanese GAAP]
January 13, 2022
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

TAKAO Shinichiro, Managing Director & Executive Officer, Management of Public Relations,
Investor Relatoions

TEL:+81-3-5293-1704

Scheduled date of filing quarterly securities report:
Scheduled date of dividend payment:

Jan. 14, 2022

Preparation of supplementary materials for quarterly financial results:

Yes

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

1. Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending February 28, 2022
(March 1, 2021 to November 30, 2021)(1) Consolidated Operating Results(Percentages represent year-on-year changes)
Net sales

Operating profit

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%Nine months ended Nov. 30, 2021

86,663

7.2

6,973

△14.2

8,665

9.3

6,218

8.7

Nine months ended Nov. 30, 2020

80,822

△18.4

8,123

△55.9

7,928

△60.2

5,722

△62.9(Note) Comprehensive income:Nine months ended Nov. 30, 2021

9,349 millions of yen (36.2%)

Nine months ended Nov. 30, 2020

6,865 millions of yen (△47.0%)

Diluted profit pershare

Profit per shareyenyen

Nine months ended Nov. 30, 2021

76.14

76.09

Nine months ended Nov. 30, 2020

70.04

69.97(2) Consolidated Financial Position
Total assets

Shareholders’equity ratio

Net assets

Millions of yen

Millions of yen

As of Nov. 30, 2021

303,995

253,913

82.9

As of Feb. 28, 2021

299,861

253,809

84.1(Reference) Shareholders’ equity:

As of Nov. 30, 2021

251,971 millions of yen

As of Feb. 28, 2021

252,066 millions of yen%

2. Dividends
Annual dividends
First quarter

Second quarter

Third quarter

Fiscal year end

Totalyenyenyenyenyen

Year ended Feb. 28, 2021

―41.75

―

41.75

83.50

Year ending Feb. 28, 2022
Year ending Feb. 28, 2022
(Forecast)―42.00

―
42.00

84.00

(Note) Revisions to the mst recently announced dividends forecast:No3. Consolidated Earnings Forecast for the Fiscal Year Ending February 28, 2022 (March 1, 2021 to February 28, 2022)(Percentages represent year-on-year changes)

Net sales
Full year

Operating profit

Profit attributable toowners of parent

Ordinary profit

Profit per share

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%yen

122,900

7.3

10,7000.3

12,700

7.4

9,900

7.0

121.22(Note) Revisions to the most recently announced consolidated forecast:No*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: Yes(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

(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, 2021
: 85,164,895 shares
As of Feb. 28, 2021
: 85,164,895 shares2) Total number of treasury stock at the end of the period
As of Nov. 30, 2021
: 4,025,727 shares
As of Feb. 28, 2021
: 3,430,483 shares
3) Average number of shares outstanding during the period
Nine months ended Nov. 30, 2021
: 81,670,294 shares
Nine months ended Nov. 30, 2020
: 81,698,419 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 13, 2022. 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, 2021)

Current Third Quarter(As of Nov. 30, 2021)

AssetsCurrent assets
Cash and deposits

114,254

119,908

Notes and accounts receivable - trade39,54633,083

Securities

21,743

23,107

Merchandise and finished goods

11,35910,012

465

532

6,744

6,890

Other

4,290

10,859Allowance for doubtful accounts

△343

△405

198,061

203,988

Buildings and structures, net

14,18013,746

Other, net

23,174

24,733

Total property, plant and equipment

37,35438,480

27

458

Other

1,150

938

Total intangible assets

1,178

1,397

Investment securities

54,602

51,293

Other

8,878

9,049

Work in process
Raw materials and supplies

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

Intangible assets
Sales rights

Investments and other assets

Allowance for doubtful accounts

△214

△214

Total investments and other assets

63,267

60,128101,800

100,007299,861

303,995

Total non-current assets
Total assets

(Millions of yen)

Prior Fiscal Year End(As of Feb. 28, 2021)

Current Third Quarter(As of Nov. 30, 2021)

Liabilities
Current liabilities
Notes and accounts payable - trade

7,672

7,167

Electronically recorded obligations - operating

7,127

5,582

Short-term loans payable

1,111

1,111

Income taxes payable

608

1,668

Provision for sales returns
Provision for bonuses

103

118

1,350

490

Other

12,082

18,150Total current liabilities

30,05734,289Long-term loans payable

296

238

Net defined benefit liability

7,928

8,132

Non-current liabilities

Other

7,769

7,422

Total non-current liabilities

15,994

15,79346,051

50,082

8,473

8,473

Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus

2,352

2,356

Retained earnings

233,376

232,753

Treasury shares△11,495△13,908

Total shareholders' equity

232,707229,674

Valuation difference on available-for-sale securities

16,165

14,261

Revaluation reserve for land

3,790

3,784

△1,173

3,861

575

389

Accumulated other comprehensive income

Foreign currency translation adjustment
Remeasurements of defined benefit plans

19,35922,296

Share acquisition rights

Total accumulated other comprehensive income

232

244

Non-controlling interests

1,510

1,697

Total net assets
Total liabilities and net assets

253,809

253,913299,861

303,995

(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income(Millions of yen)

Prior Fiscal Year
(Mar. 1, 2020 – Nov. 30, 2020)

Current Fiscal Year
(Mar. 1, 2021 – Nov. 30, 2021)

80,822

86,663

Cost of sales

30,18434,884Gross profit

50,674

51,779Selling, general and administrative expenses

42,55144,805

Operating profit

8,123

6,973

Interest income507110Dividend income

570

595

Net sales

Non-operating income

Foreign exchange gains

―

891

Other

390

329

1,467

1,927

Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses

5111,149―

Share of loss of entities accounted for using equity method

208

74

Cost for idle operation

―

77

Other

299

72

Total non-operating expenses
Ordinary profit

1,662

235

7,928

8,665

219

6

Extraordinary income
Gain on disposal of non-current assets
Gain on sales of investment securities

136

652

Total extraordinary income

356

659

Loss on disposal of non-current assets

2153

Loss on discontinuation of sale―279

Extraordinary losses

Total extraordinary losses
Profit before income taxes

21333

8,263

8,992

Income taxes

2,409

2,564

Profit

5,853

6,427

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

131209

5,722

6,218

Quarterly Consolidated Statements of comprehensive income(Millions of yen)

ProfitPrior Fiscal Year
(Mar. 1, 2020 – Nov. 30, 2020)

Current Fiscal Year
(Mar. 1, 2021 – Nov. 30, 2021)

5,853

6,427

3,556

△1,855

Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities accounted forusing equity method
Total other comprehensive income
Comprehensive income△2,698

5,013

146

△1937

△421,011

2,922

6,865

9,349

6,767

9,161

97187

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests