Taoka Chemical : Reports Consolidated Financial Results For the Three Months Ended June 30, 2022
July 28, 2022 at 02:38 am EDT
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For Immediate Release
July 28, 2022
Taoka Chemical Reports Consolidated Financial Results
For the Three Months Ended June 30, 2022
The Taoka Chemical Group's consolidated sales revenue for the three months ended June 30, 2022, decreased by ¥776 million compared with the same period of the previous fiscal year, to ¥8,140 million. The Group posted operating income of ¥203 million, ordinary income of ¥225 million and net income attributable to owners of the parent of ¥131 million.
The financial results of Taoka Chemical by business segment for the three months period were as follows:
Chemicals Segment
Sales revenue of this segment was ¥7,997 million, a ¥772 million decrease compared to the same period of the previous fiscal year.
Fine Chemicals Division
Though shipments of agrochemical intermediates increased, shipments of monomers for optical resins decreased. As a result, the division sales revenue decreased by ¥1,282 million, to ¥4,199 million.
Functional Chemicals Division
Shipments of adhesives and rubber additives decreased. As a result, the division sales revenue decreased by ¥174 million to ¥827 million.
Functional Polymers and Additives Division
Though shipments of plasticizers and paper chemicals decreased, shipments of varnish increased due partly to the launch in China. Sales price of plasticizers and varnish increased reflecting a steep rise in raw material prices. As a result, the division sales revenue increased by ¥684 million, to ¥2,971 million.
Others (Analytical Services)
Sales of soil analysis and of measurement and evaluation for working environment decreased. As a result, the segment sales revenue decreased by ¥4 million, to ¥142 million.
Dividend
(Yen)
Annual dividend per share
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Total
Jun.
Sep.
Dec.
Mar.
FY Ended Mar. 31,
-
90.00
-
18.00
-
2022
(Result)
FY Ending Mar. 31,
-
2023
(Result)
FY Ending Mar. 31,
18.00
-
18.00
36.00
2023
(Forecast)
Effective on October 1, 2021, the Company split one ordinary share into five shares.
Summary of Consolidated Results
(1) Results of Operation
3 Months ended
3 Months ended
June 30, 2022
June 30, 2021
Yen
USD
Yen
Sales Revenue
(Millions)
(Thousands)
(Millions)
8,140
59,556
8,917
Operating Income
203
1,488
819
Income before Taxes
224
1,642
839
Net Income
131
964
605
Net Income Attributable to
131
964
605
Owners of the Parent
Comprehensive Income
159
1,169
601
Net Income per Share
Yen
USD
Yen
9.20
0.07
42.28
(Note)
Effective on October 1, 2021, the Company split one ordinary share into five shares. However, net income per share has been calculated on the assumption that the share split took place on April 1, 2021.
(2) Financial Position
As of Mar. 31,
As of June. 30, 2022
2022
Yen
USD
Yen
Total Assets
(Millions)
(Thousands)
(Millions)
31,192
228,217
32,417
Total Equity
16,651
121,825
16,749
(3) Results of Operation by Business Segment
3 Months Ended
Sales Revenue
3 Months Ended
June 30, 2022
June 30, 2021
Yen
USD
Yen
Fine Chemicals
(Millions)
(Thousands)
(Millions)
4,199
30,724
5,481
Functional Chemicals
827
6,051
1,001
Functional Polymers & Additives
2,971
21,738
2,286
Chemicals Segment
7,997
58,514
8,769
Others
142
1,041
147
Total
8,140
59,556
8,917
(Note)
U.S. dollar amounts are translated from yen for convenience only at the rate of ¥136.68= $1 prevailing on June 30, 2022.
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Taoka Chemical Co. Ltd. published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 06:37:04 UTC.
TAOKA CHEMICAL COMPANY, LIMITED is a Japan-based company mainly engaged in the chemical business. The Company is mainly engaged in the manufacture and sale of pharmaceutical intermediates, agricultural chemicals intermediates, electronic components materials, resin raw materials, dyes and other fine chemicals, adhesives, rubber additives and other functional chemical materials, processed resins, varnishes and other functional resins, as well as plasticizers, methyl esters and other chemical products. The Company is also engaged in the chemical analysis contract business.
TAOKA CHEMICAL COMPANY, LIMITED 
