NIPPON SHOKUBAI CO., LTD. NIPPON SHOKUBAI CO., LTD. (4114) Financial Results
For the Fiscal Year Ended March 31, 2023
- This financial report is solely a translation of "Kessan Tanshin" (in Japanese, including attachments), which has been prepared in accordance with the International Financial Reporting Standards (IFRS), for the convenience of readers who prefer an English translation.
Summary of Consolidated Financial Results
For the Fiscal Year Ended March 31, 2023 [IFRS]
May 12, 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 date of the general shareholders' meeting: | June 21, 2023 | ||
Scheduled date of dividend payment: | June 22, 2023 | ||
Scheduled date of filing annual securities report: | June 21, 2023 | ||
Supplementary materials prepared: | Yes | ||
Financial results information meeting held: | Yes (for securities analysts and institutional investors) |
(Figures are rounded off to the nearest million yen)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (hereinafter FY 2022) (from April
1, 2022 to March 31, 2023)
(1) Consolidated operating results | (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 | ||||||||||||||||||||
FY 2022 | 419,568 | 13.6 | 23,528 | (19.0) | 26,175 | (22.3) | 20,160 | (17.6) | 19,392 | (18.2) | 30,009 | (8.5) | |||||||||||||
FY 2021 | 369,293 | 35.2 | 29,062 | - | 33,675 | - | 24,470 | - | 23,720 | - | 32,782 | 777.1 | |||||||||||||
Basic earnings | Diluted earnings per | Ratio of profit to | Ratio of profit before | Operating profit to | |||||||||||||||||||||
equity attributable to | |||||||||||||||||||||||||
per share | share | owners of parent | tax to total assets | revenue | |||||||||||||||||||||
Yen | Yen | % | % | % | |||||||||||||||||||||
FY 2022 | 488.29 | 488.22 | 5.5 | 5.0 | 5.6 | ||||||||||||||||||||
FY 2021 | 594.86 | - | 7.2 | 6.8 | 7.9 | ||||||||||||||||||||
Reference: Share of profit of investments accounted for using equity method (millions of yen): FY 2022: 1,925 | |||||||||||||||||||||||||
FY 2021: 3,362 | |||||||||||||||||||||||||
(2) Consolidated financial position | |||||||||||||||||||||||||
Equity attributable | Rate of equity | Equity attributable | |||||||||||||||||||||||
Total assets | Total equity | attributable to | to owners of | ||||||||||||||||||||||
to owners of parent | |||||||||||||||||||||||||
owners of parent | parent per share | ||||||||||||||||||||||||
Millions of yen | Millions of yen | Millions of yen | % | Yen | |||||||||||||||||||||
As of Mar. 31, 2023 | 523,319 | 369,998 | 362,231 | 69.2 | 9,213.91 | ||||||||||||||||||||
As of Mar. 31, 2022 | 518,151 | 351,123 | 343,882 | 66.4 | 8,624.02 | ||||||||||||||||||||
(3) Consolidated statement of cash flows | |||||||||||||||||||||||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash equivalents | ||||||||||||||||||||||
operating activities | investing activities | financing activities | at end of period | ||||||||||||||||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | ||||||||||||||||||||||
FY 2022 | 41,447 | (25,976) | (17,321) | 39,035 | |||||||||||||||||||||
FY 2021 | 35,058 | (23,158) | (10,751) | 39,363 |
NIPPON SHOKUBAI CO., LTD. (4114) Financial Results
For the Fiscal Year Ended March 31, 2023
2. Dividends
Dividends per share | Dividends on | |||||||
equity | ||||||||
Total dividends | Payout ratio | attributable to | ||||||
End of 1Q | End of 2Q | End of 3Q | Year-end | Annual | (Annual) | (Consolidated) | owners of | |
parent | ||||||||
(Consolidated) | ||||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |
FY 2021 | - | 80.00 | - | 100.00 | 180.00 | 7,177 | 30.3 | 2.2 |
FY 2022 | - | 90.00 | - | 90.00 | 180.00 | 7,136 | 36.9 | 2.0 |
FY 2023 | - | 90.00 | - | 90.00 | 180.00 | 48.8 | ||
(forecast) | ||||||||
Breakdown of dividends for FY 2021:
Ordinary dividends: 75.00 yen (end of 2Q) and 95.00 yen (year-end), for a total of 170.00 yen
Commemorative dividends for the 80th anniversary: 5.00 yen (end of 2Q) and 5.00 yen (year-end), for a total of 10.00 yen
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 yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
First half (cumulative) | 205,000 | (6.7) | 8,000 | (53.9) | 8,500 | (58.0) | 5,500 | (60.9) | 139.90 |
Full year | 420,000 | 0.1 | 18,000 | (23.5) | 20,000 | (23.6) | 14,500 | (25.2) | 368.83 |
※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 stock)
Mar. 31, 2023: | 40,800,000 shares | Mar. 31, 2022: 40,800,000 shares |
2) Number of treasury stock at the end of the period | ||
Mar. 31, 2023: | 1,486,460 shares | Mar. 31, 2022: 925,134 shares |
3) Average number of shares outstanding during the period | ||
FY 2022: 39,713,042 shares | FY 2021: 39,875,167 shares |
Note: The numbers of treasury stock 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 (48,600 shares as of March 31, 2023 and 0 shares as of March 31, 2022). Shares of the Company held by the trust account are included in the treasury stock to be deducted in the calculation of the average number of shares outstanding during the period.
NIPPON SHOKUBAI CO., LTD. (4114) Financial Results
For the Fiscal Year Ended March 31, 2023
(Reference) Overview of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2023
(from April 1, 2022 to March 31, 2023)
(1) Non-consolidated operating results | (Percentages indicate year-over-year changes) | |||||||
Net sales | Operating profit | Ordinary profit | Profit | |||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |
FY 2022 | 257,041 | 14.6 | 14,860 | (18.1) | 23,075 | (5.6) | 17,183 | (2.4) |
FY 2021 | 224,366 | 23.9 | 18,148 | 271.6 | 24,444 | 116.7 | 17,609 | - |
Basic earnings per share | Diluted net income per | |||||||
share | ||||||||
Yen | Yen | |||||||
FY 2022 | 432.67 | - | ||||||
FY 2021 | 441.60 | - | ||||||
(2) Non-consolidated financial position | ||||||||
Total assets | Net assets | Equity ratio | Net assets per share | |||||
Millions of yen | Millions of yen | % | Yen | |||||
As of Mar. 31, 2023 | 361,632 | 266,555 | 73.7 | 6,780.24 | ||||
As of Mar. 31, 2022 | 356,044 | 260,212 | 73.1 | 6,525.71 | ||||
Reference: Shareholders' equity (millions of yen): As of Mar. 31, 2023: 266,555
As of Mar. 31, 2022: 260,212
2. Non-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)
Net sales | Operating profit | Ordinary profit | Profit | Basic earnings | |||||
per share | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
First half | 122,000 | (10.4) | 4,000 | (61.3) | 7,400 | (58.5) | 5,800 | (59.1) | 147.53 |
(cumulative) | |||||||||
Full year | 250,000 | (2.7) | 8,500 | (42.8) | 13,200 | (42.8) | 10,000 | (41.8) | 254.37 |
- This financial results report is exempt from the audit procedures 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.
- Supplementary materials will be disclosed through TDnet on Tuesday, May 16, 2023, and will also be posted on the Company's website
NIPPON SHOKUBAI CO., LTD. (4114) Financial Results
For the Fiscal Year Ended March 31, 2023
5. Consolidated Financial Statements and Related Notes
(1) Consolidated Statements of Financial Position
(Unit: Millions of yen) | |||
FY 2021 | FY 2022 | ||
As of Mar. 31, 2022 | As of Mar. 31, 2023 | ||
Assets | |||
Current assets | |||
Cash and cash equivalents | 39,363 | 39,035 | |
Trade receivables | 103,577 | 98,571 | |
Inventories | 75,311 | 86,056 | |
Other financial assets | 12,427 | 14,151 | |
Other current assets | 6,979 | 6,239 | |
Total current assets | 237,656 | 244,053 | |
Non-current assets | |||
Property, plant and equipment | 191,143 | 189,520 | |
Intangible assets | 7,895 | 8,358 | |
Investments accounted for using | 22,868 | 27,088 | |
equity method | |||
Other financial assets | 40,981 | 40,195 | |
Retirement benefit asset | 12,820 | 9,129 | |
Deferred tax assets | 3,320 | 3,404 | |
Other non-current assets | 1,468 | 1,573 | |
Total non-current assets | 280,495 | 279,266 | |
Total assets | 518,151 | 523,319 | |
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NIPPON SHOKUBAI CO., LTD. (4114) Financial Results
For the Fiscal Year Ended March 31, 2023
(Unit: Millions of yen) | ||||
FY 2021 | FY 2022 | |||
As of Mar. 31, 2022 | As of Mar. 31, 2023 | |||
Liabilities and equity | ||||
Liabilities | ||||
Current liabilities | ||||
Trade payables | 57,616 | 53,138 | ||
Borrowings | 23,559 | 23,044 | ||
Other financial liabilities | 10,570 | 9,539 | ||
Income taxes payable | 5,812 | 3,970 | ||
Provisions | 5,931 | 6,672 | ||
Other current liabilities | 5,527 | 5,278 | ||
Total current liabilities | 109,014 | 101,641 | ||
Non-current liabilities | ||||
Borrowings | 28,634 | 27,867 | ||
Other financial liabilities | 6,784 | 5,961 | ||
Retirement benefit liability | 14,044 | 8,941 | ||
Provisions | 2,347 | 2,582 | ||
Deferred tax liabilities | 6,205 | 6,330 | ||
Total non-current liabilities | 58,014 | 51,681 | ||
Total liabilities | 167,028 | 153,321 | ||
Equity | ||||
Share capital | 25,038 | 25,038 | ||
Capital surplus | 22,472 | 22,520 | ||
Treasury shares | (6,291) | (9,298) | ||
Retained earnings | 288,124 | 301,940 | ||
Other components of equity | 14,538 | 22,030 | ||
Total equity attributable to owners of | ||||
343,882 | 362,231 | |||
parent | ||||
Non-controlling interests | 7,241 | 7,767 | ||
Total equity | 351,123 | 369,998 | ||
Total liabilities and equity | 518,151 | 523,319 | ||
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Nippon Shokubai Co. Ltd. published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 04:21:08 UTC.
