VALQUA : posted summary of its 3rd Quarter, FY ended March 2022 results.

(Millions of yen)

As of March 31, 2021

As of December 31, 2021

Assets

Current assets

Cash and deposits

8,099

7,387

Notes and accounts receivable - trade

12,086

－

Notes and accounts receivable -

trade, and

－

13,713

contract assets

Electronically recorded monetary

claims -

2,272

3,179

operating

Merchandise and finished goods

3,384

4,023

Work in process

612

807

Raw materials and supplies

1,214

1,811

Other

2,043

2,153

Allowance for doubtful accounts

14

21

△

△

Total current assets

29,698

33,054

Non-current assets

Property, plant and equipment

Buildings and structures, net

5,834

5,843

Land

4,002

4,004

Other, net

6,657

7,318

Total property, plant and equipment

16,494

17,166

Intangible assets

Other

1,425

1,525

Total intangible assets

1,425

1,525

Investments and other assets

Investment securities

3,204

4,399

Other

1,868

1,984

Allowance for doubtful accounts

0

0

△

△

Total investments and other assets

5,072

6,384

Total non-current assets

22,993

25,076

Total assets

52,691

58,130

(Millions of yen)

Nine months ended

Nine months ended

December 31, 2020

December 31, 2021

Net sales

32,748

38,689

Cost of sales

19,947

23,319

Gross profit

12,800

15,370

Selling, general and administrative expenses

10,555

10,733

Operating profit

2,245

4,637

Non-operating income

Interest income

2

4

Dividend income

43

43

Rental income from facilities

284

261

Share of profit

of entities

accounted

for

using

6

20

equity method

Foreign exchange gains

－

62

Other

138

90

Total non-operating income

475

482

Non-operating expenses

Interest expenses

51

52

Rental expenses on facilities

237

203

Foreign exchange losses

9

－

Other

29

31

Total non-operating expenses

328

288

Ordinary profit

2,393

4,831

Extraordinary income

Gain on sale of investment securities

916

－

Other

2

－

Total extraordinary income

919

－

Extraordinary losses

Loss on abandonment of non-current assets

11

10

Impairment losses

49

15

Loss on sale of investment securities

46

－

Compensation

expenses

for health

damage

34

19

caused by asbestos

Other

0

－

Total extraordinary losses

141

44

Profit before income taxes

3,170

4,786

Income taxes - current

824

1,173

Income taxes - deferred

146

194

Total income taxes

970

1,368

Profit

2,199

3,418

Profit attributable to non-controlling interests

9

119

Profit attributable to owners of parent

2,190

3,299

(Millions of yen)

Nine months ended

Nine months ended

December 31, 2020

December 31, 2021

Profit

2,199

3,418

Other comprehensive income

Valuation difference

on available-for-sale

487

283

securities

Foreign currency translation adjustment

232

525

Remeasurements of defined benefit plans, net of

△132

4

tax

Share of other comprehensive income of entities

1

2

accounted for using equity method

Total other comprehensive income

386

816

△

Comprehensive income

2,586

4,234

Comprehensive income attributable to

Comprehensive income attributable to owners of

2,580

4,057

parent

Comprehensive income

attributable to non-

5

176

controlling interests

1-3Q, FY2021.3

1-3Q, FY2022.3

Nine Months Ended

Nine Months Ended

Seal Products Business

Net Sales

23,125

25,695

Segment Profit

2,940

3,828

High Performance Plastics Products

Net Sales

7,678

10,986

Business

Segment Profit

-630

935

Silicon Wafer Reclaim and

Net Sales

1,945

2,007

Other Businesses

Segment Profit

-64

-126

(Millions of yen)

1-3Q, FY2021.3

1-3Q, FY2022.3

Nine Months Ended

Nine Months Ended

Seal Products Business

Orders Received

22,932

27,147

Order Backlog*

3,390

5,136

High Performance Plastics Products

Orders Received

7,432

12,729

Business

Order Backlog*

2,990

5,539

Silicon Wafer Reclaim and

Orders Received

1,958

2,169

Other Businesses

Order Backlog*

239

346

Total

Orders Received

32,324

42,046

Order Backlog*

6,620

11,022

(*)Order backlogs are as of the end of the period.

(Millions of yen)

1-3Q, FY2021.3

1-3Q, FY2022.3

Nine Months Ended

Nine Months Ended

Japan

22,512

25,460

Asia (excluding Japan)

6,592

9,492

North America

3,524

3,619

The Others

120

117

(Millions of yen)

Number of Shares Issued at the End of the Period (including Treasury Shares)

18,688,733

Number of Treasury Shares at the End of the Period

1,005,522

The Average Number of Shares Issued during the Period

17,668,503

(2) Per Share Data

1-3Q, FY2021.3

1-3Q, FY2022.3

Nine Months Ended

Nine Months Ended

Earnings Per Share

124.25

186.72

(3) Dividends

(Yen per share)

FY2021.3

FY2022.3

Interim Dividend

45.00

50.00

Year-End Dividend

50.00

(Forecast) 55.00

Total Dividends for the Year

95.00

(Forecast) 105.00

(Yen per share)