NIPPON SHOKUBAI CO., LTD. (4114) Financial Results
For the First Quarter of the Fiscal Year Ending March 31, 2024
- 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 First Quarter of the Fiscal Year Ending March 31, 2024 [IFRS]
(Three Months Ended June 30, 2023)
August 7, 2023 | |||
Company name: | NIPPON SHOKUBAI CO., LTD. | Listing: TSE (Prime Market) | |
Code number: | 4114 | URL: https://www.shokubai.co.jp/ | |
Representative: | Kazuhiro Noda, President and Representative Member of the Board | ||
Contact for inquiries: Tomotaka Nishikawa, General Manager of Corporate | |||
Communications Dept. | Phone: +81-3-3506-7605 | ||
Scheduled quarterly report filing date: | August 9, 2023 | ||
Scheduled date of dividend payment: | - | ||
Supplementary quarterly materials prepared: | None | ||
Quarterly results information meeting held: | None |
(Figures are rounded off to the nearest million yen)
1. Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2024 (hereafter
FY2023) (from April 1, 2023 to June 30, 2023)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-over-year changes) | |||||||||||||||||
Profit | Total | |||||||||||||||||
Revenue | Operating profit | Profit before tax | Profit | attributable | to | comprehensive | ||||||||||||
owners of parent | income | |||||||||||||||||
Millions of | % | Millions of | % | Millions of | % | Millions of | % | Millions of | % | Millions of | % | |||||||
yen | yen | yen | yen | yen | yen | |||||||||||||
Three months | ||||||||||||||||||
ended | 97,362 | (12.7) | 6,721 | (25.5) | 7,019 | (36.9) | 5,260 | (32.8) | 4,575 | (39.7) | 15,304 | (4.6) | ||||||
Jun. 30, 2023 | ||||||||||||||||||
Three months | ||||||||||||||||||
ended | 111,505 | 29.6 | 9,026 | 35.6 | 11,122 | 37.1 | 7,822 | 34.0 | 7,591 | 34.5 | 16,035 | 151.2 | ||||||
Jun. 30, 2022 | ||||||||||||||||||
Basic earnings | Diluted earnings | |||||||||||||||||
per share | per share | |||||||||||||||||
Yen | Yen | |||||||||||||||||
Three months ended | 116.37 | 116.35 | ||||||||||||||||
Jun. 30, 2023 | ||||||||||||||||||
Three months ended | 190.37 | - | ||||||||||||||||
Jun. 30, 2022 | ||||||||||||||||||
(2) Consolidated financial position | ||||||||||||||||||
Equity | attributable | Rate of equity | Equity attributable | |||||||||||||||
Total assets | Total equity | attributable to | to owners of parent | |||||||||||||||
to owners of parent | ||||||||||||||||||
owners of parent | per share | |||||||||||||||||
Millions of yen | Millions of yen | Millions of yen | % | Yen | ||||||||||||||
As of Jun. 30, 2023 | 535,732 | 381,333 | 373,190 | 69.7 | 9,491.81 | |||||||||||||
As of Mar. 31, 2023 | 523,319 | 369,998 | 362,231 | 69.2 | 9,213.91 |
NIPPON SHOKUBAI CO., LTD. (4114) Financial Results
For the First Quarter of the Fiscal Year Ending March 31, 2024
2. Dividends
Dividends per share | ||||||||
End of 1Q | End of 2Q | End of 3Q | Year-end | Annual | ||||
Yen | Yen | Yen | Yen | Yen | ||||
FY 2022 | - | 90.00 | - | 90.00 | 180.00 | |||
FY 2023 | - | |||||||
FY 2023 | (forecast) | 90.00 | - | 90.00 | 180.00 | |||
Note: Revisions to the dividends | forecast since the latest announcement: None |
3. Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
(Percentages indicate rate of changes year-over-year)
Revenue | Operating profit | Profit before tax | Profit attributable to | Basic earnings | |||||
owners of parent | per share | ||||||||
Millions of | % | Millions of | % | Millions of | % | Millions of | % | Yen | |
yen | yen | yen | yen | ||||||
First half | 190,000 | (13.5) | 10,000 | (42.3) | 10,500 | (48.1) | 7,000 | (50.2) | 178.05 |
(cumulative) | |||||||||
Full year | 420,000 | 0.1 | 18,000 | (23.5) | 20,000 | (23.6) | 14,500 | (25.2) | 368.80 |
Note: Revisions | to the financial forecasts since the latest announcement: Yes |
- Notes
- Changes in significant subsidiaries during the period (changes in specific subsidiaries that affect the scope of consolidation): None
- Changes in accounting policies; changes in accounting estimates
- Changes in accounting policies required by IFRS: None
- Other changes in accounting policies: None
- Changes in accounting estimates: None
- Number of shares issued and outstanding (common stock)
- Number of shares issued and outstanding at the end of the period (including treasury shares)
Jun. 30, 2023: | 40,800,000 | shares | Mar. 31, 2023: | 40,800,000 | shares |
2) Number of treasury shares at the end of the period | |||||
Jun. 30, 2023: | 1,482,894 | shares | Mar. 31, 2023: | 1,486,460 | shares |
3) Average number of shares outstanding during the period | |||||
Three months ended | 39,314,489 | shares | Three months ended | 39,874,686 | shares |
Jun. 30, 2023: | Jun. 30, 2022: | ||||
Note: The numbers of treasury shares at the end of the periods include shares of the Company held by the trust account set up after the introduction of a Performance-linked Stock Compensation Plan for the Company's Members of the Board and Executive Officers (44,824 shares as of June 30, 2023 and 48,600 shares as of March 31, 2023). Shares of the Company held by the trust account are included in the treasury shares to be deducted in the calculation of the average number of shares outstanding during the period.
- Indication regarding execution of audit procedures
This quarterly financial results report is outside the scope of quarterly review by certified public accountants or an audit corporation.
- Appropriate use of business forecasts and other special items
In this document, statements other than historical facts are forward-looking statements that reflect the Company's plans and expectations. These forward-looking statements involve risks, uncertainties and other factors that may cause our actual results and achievements to differ from those anticipated in these statements.
NIPPON SHOKUBAI CO., LTD. (4114) Financial Results
For the First Quarter of the Fiscal Year Ending March 31, 2024
2. Condensed Quarterly Consolidated Financial Statements and Related Notes
(1) Condensed Quarterly Consolidated Statements of Financial Position
(Unit: Millions of yen) | |||
FY2022 | 1Q-FY2023 | ||
As of Mar. 31, 2023 | As of Jun. 30, 2023 | ||
Assets | |||
Current assets | |||
Cash and cash equivalents | 39,035 | 38,938 | |
Trade receivables | 98,571 | 99,390 | |
Inventories | 86,056 | 87,940 | |
Other financial assets | 14,151 | 15,578 | |
Other current assets | 6,239 | 7,036 | |
Total current assets | 244,053 | 248,883 | |
Non-current assets | |||
Property, plant and equipment | 189,520 | 194,044 | |
Intangible assets | 8,358 | 8,621 | |
Investments accounted for using equity method | 27,088 | 25,835 | |
Other financial assets | 40,195 | 43,902 | |
Retirement benefit asset | 9,129 | 9,154 | |
Deferred tax assets | 3,404 | 3,706 | |
Other non-current assets | 1,573 | 1,588 | |
Total non-current assets | 279,266 | 286,849 | |
Total assets | 523,319 | 535,732 | |
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NIPPON SHOKUBAI | CO., LTD. (4114) Financial Results | |||
For the First Quarter of the Fiscal Year Ending March 31, 2024 | ||||
(Unit: Millions of yen) | ||||
FY2022 | 1Q-FY2023 | |||
As of Mar. 31, 2023 | As of Jun. 30, 2023 | |||
Liabilities and equity | ||||
Liabilities | ||||
Current liabilities | ||||
Trade payables | 53,138 | 55,010 | ||
Borrowings | 23,044 | 20,543 | ||
Other financial liabilities | 9,539 | 10,890 | ||
Income taxes payable | 3,970 | 1,920 | ||
Provisions | 6,672 | 8,078 | ||
Other current liabilities | 5,278 | 5,170 | ||
Total current liabilities | 101,641 | 101,610 | ||
Non-current liabilities | ||||
Borrowings | 27,867 | 27,326 | ||
Other financial liabilities | 5,961 | 5,944 | ||
Retirement benefit liability | 8,941 | 9,056 | ||
Provisions | 2,582 | 2,815 | ||
Deferred tax liabilities | 6,330 | 7,647 | ||
Total non-current liabilities | 51,681 | 52,788 | ||
Total liabilities | 153,321 | 154,399 | ||
Equity | ||||
Share capital | 25,038 | 25,038 | ||
Capital surplus | 22,520 | 22,513 | ||
Treasury shares | (9,298) | (9,276) | ||
Retained earnings | 301,940 | 302,983 | ||
Other components of equity | 22,030 | 31,931 | ||
Total equity attributable to owners of parent | 362,231 | 373,190 | ||
Non-controlling interests | 7,767 | 8,142 | ||
Total equity | 369,998 | 381,333 | ||
Total liabilities and equity | 523,319 | 535,732 | ||
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NIPPON SHOKUBAI CO., LTD. (4114) Financial Results
For the First Quarter of the Fiscal Year Ending March 31, 2024
-
Condensed Quarterly Consolidated Statements of Profit or Loss and Condensed Quarterly Consolidated Statements of Comprehensive Income
Condensed Quarterly Consolidated Statements of Profit or Loss
Three months ended June 30, 2022 and 2023
(Unit: Millions of yen) | |||
1Q-FY 2022 | 1Q-FY 2023 | ||
Apr. 1, 2022 to Jun. 30, 2022 | Apr. 1, 2023 to Jun. 30, 2023 | ||
Revenue | 111,505 | 97,362 | |
Cost of sales | 88,372 | 79,964 | |
Gross profit | 23,133 | 17,398 | |
Selling, general and administrative expenses | 14,373 | 12,289 | |
Other operating income | 624 | 1,791 | |
Other operating expenses | 357 | 178 | |
Operating profit | 9,026 | 6,721 | |
Finance income | 946 | 1,075 | |
Finance costs | 84 | 392 | |
Share of profit (loss) of investments accounted | 1,235 | (385) | |
for using equity method | |||
Profit before tax | 11,122 | 7,019 | |
Income tax expense | 3,300 | 1,759 | |
Profit | 7,822 | 5,260 | |
Profit attributable to | |||
Owners of parent | 7,591 | 4,575 | |
Non-controlling interests | 231 | 685 | |
Profit | 7,822 | 5,260 | |
Earnings per share | |||
Basic earnings per share (Yen) | 190.37 | 116.37 | |
Diluted earnings per share (Yen) | - | 116.35 |
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Nippon Shokubai Co. Ltd. published this content on 07 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2023 04:07:07 UTC.