Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2021 (Based on Japanese GAAP)

January 27, 2022

Company name:

Aica Kogyo Company, Limited

Stock exchange listing: Tokyo, Nagoya

Stock code:

4206

URL http://www.aica.co.jp

Representative:

President

Yuji Ono

Inquiries:

General Manager,Financial Management

Yousuke Mori

TEL 052-533-3135

Department

Scheduled date to file Quarterly Securities Report:

February 8, 2022

Scheduled date to commence dividend payments:

-

Preparation of supplementary material on quarterly financial results:

Yes

Holding of quarterly financial results meeting:

No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the nine months ended December 31, 2021 (from April 1, 2021 to December 31, 2021)

(1) Consolidated operating results (cumulative)

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Nine months ended December 31, 2021

152,771

22.8

14,213

21.4

15,266

25.4

9,519

33.7

Nine months ended December 31, 2020

124,399

(11.7)

11,712

(24.7)

12,177

(25.1)

7,117

(29.2)

Earnings per share

Diluted earnings per share

Yen

Yen

Nine months ended December 31, 2021

145.78

145.73

Nine months ended December 31, 2020

109.01

108.97

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

As of December 31, 2021

222,934

156,531

62.8

As of March 31, 2021

207,363

150,505

65.0

2. Cash dividends

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended March 31, 2021

-

49.00

-

58.00

107.00

Year ending March 31, 2022

-

50.00

-

Year ending March 31, 2022 (Forecast)

58.00

108.00

3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to

Earnings per share

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full year

200,000

14.5

21,000

16.7

21,400

16.1

13,000

20.8

199.10

1

4. Notes

  1. Changes in significant subsidiaries during the nine months ended December 31, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation):
  2. Application of special accounting methods for preparing quarterly consolidated financial statements:

Yes

No

(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements

Changes in accounting policies due to revisions to accounting standards and other regulations:

Yes

Changes in accounting policies due to other reasons:

No

Changes in accounting estimates:

No

Restatement of prior period financial statements:

No

(4) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

As of December 31, 2021

67,590,664

shares

As of March 31, 2021

67,590,664

shares

Number of treasury shares at the end of the period

As of December 31, 2021

2,289,447

shares

As of March 31, 2021

2,297,405

shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)

Nine months ended December 31, 2021

65,297,371

shares

Nine months ended December 31, 2020

65,293,601

shares

2

Quarterly consolidated financial statements

Consolidated balance sheets

(Millions of yen)

As of March 31, 2021

As of December 31, 2021

Assets

Current assets

Cash and deposits

42,420

36,045

Notes and accounts receivable - trade

57,892

65,046

Merchandise and finished goods

9,537

14,042

Work in process

1,064

1,469

Raw materials and supplies

7,584

11,924

Other

8,582

8,214

Allowance for doubtful accounts

(612)

(683)

Total current assets

126,468

136,059

Non-current assets

Property, plant and equipment

50,750

55,288

Intangible assets

Goodwill

4,589

5,640

Other

7,931

8,048

Total intangible assets

12,520

13,689

Investments and other assets

Other

17,635

17,898

Allowance for doubtful accounts

(12)

(1)

Total investments and other assets

17,623

17,897

Total non-current assets

80,894

86,875

Total assets

207,363

222,934

Liabilities

Current liabilities

Notes and accounts payable - trade

23,469

28,808

Electronically recorded obligations - operating

4,887

6,538

Short-term borrowings

6,015

7,805

Income taxes payable

3,428

894

Provision for bonuses

2,090

1,427

buy-sell transaction liabilities

-

1,895

Other

7,633

7,856

Total current liabilities

47,524

55,226

Non-current liabilities

Long-term borrowings

1,255

2,154

Retirement benefit liability

1,486

1,558

Other

6,591

7,464

Total non-current liabilities

9,333

11,176

Total liabilities

56,858

66,403

3

(Millions of yen)

As of March 31, 2021

As of December 31, 2021

Net assets

Shareholders' equity

Share capital

9,891

9,891

Capital surplus

13,280

13,294

Retained earnings

110,563

113,041

Treasury shares

(2,011)

(2,150)

Total shareholders' equity

131,724

134,077

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

4,594

4,379

Deferred gains or losses on hedges

(0)

2

Foreign currency translation adjustment

(1,512)

1,346

Remeasurements of defined benefit plans

(26)

266

Total accumulated other comprehensive income

3,055

5,995

Share acquisition rights

27

23

Non-controlling interests

15,697

16,434

Total net assets

150,505

156,531

Total liabilities and net assets

207,363

222,934

4

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

(Millions of yen)

Nine months ended

Nine months ended

December 31, 2020

December 31, 2021

Net sales

124,399

152,771

Cost of sales

89,659

113,613

Gross profit

34,740

39,158

Selling, general and administrative expenses

23,027

24,944

Operating profit

11,712

14,213

Non-operating income

Interest income

145

133

Dividend income

307

341

Gain on sale of investment securities

556

164

Other

754

744

Total non-operating income

1,764

1,384

Non-operating expenses

Interest expenses

137

157

Sales discounts

103

-

Delayed delivery fee

552

-

Other

505

174

Total non-operating expenses

1,299

332

Ordinary profit

12,177

15,266

Extraordinary losses

Business restructuring costs

273

122

Total extraordinary losses

273

122

Profit before income taxes

11,904

15,143

Income taxes - current

4,085

4,231

Income taxes - deferred

(22)

593

Total income taxes

4,062

4,825

Profit

7,841

10,318

Profit attributable to non-controlling interests

724

798

Profit attributable to owners of parent

7,117

9,519

5

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Aica Kogyo Company Limited published this content on 28 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2022 06:45:12 UTC.