Consolidated Financial Results for the Fiscal Year Ended March 31, 2024
[Japanese GAAP]
May 14, 2024
Company name: ARAKAWA CHEMICAL INDUSTRIES, LTD.
Stock exchange listing: Tokyo Stock Exchange
Code number: 4968
URL: https://www.arakawachem.co.jp/en/
Representative: Nobuyuki Takagi, Representative Director and President
Contact: Toru Nobuhiro, Managing Director
Phone: +81-6-6209-8500
Scheduled date of Annual General Meeting of Shareholders: June 20, 2024
Scheduled date of commencing dividend payments: June 21, 2024
Scheduled date of filing securities report: June 20, 2024
Availability of supplementary explanatory materials on annual financial results: Available
Schedule of annual financial results briefing session: Scheduled
(for institutional investors/securities analysts)
(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 - March 31, 2024)
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable | |||||||
to owners of parent | ||||||||||
Fiscal year ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||
March 31, 2024 | 72,222 | (9.1) | (2,617) | - | (2,412) | - | (1,042) | - | ||
March 31, 2023 | 79,431 | (1.3) | (2,907) | - | (2,687) | - | (4,941) | - | ||
(Note) Comprehensive income: Fiscal year ended March 31, 2024: ¥ 1,822 million [-%] Fiscal year ended March 31, 2023: ¥ (4,668) million [-%]
Basic earnings | Diluted earnings | Return on | Ordinary profit | Operating profit | |
per share | per share | equity | to total assets | to net sales | |
Fiscal year ended | Yen | Yen | % | % | % |
March 31, 2024 | (52.56) | - | (1.9) | (2.0) | (3.6) |
March 31, 2023 | (249.08) | - | (8.7) | (2.3) | (3.7) |
(Reference) Equity in earnings of affiliated companies: Fiscal year ended March 31, 2024: ¥ - million Fiscal year ended March 31, 2023: ¥ - million
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||||||||||||
Millions of yen | Millions | of yen | % | Yen | |||||||||||||||||||
As of March 31, 2024 | 125,418 | 56,918 | 44.8 | 2,829.54 | |||||||||||||||||||
As of March 31, 2023 | 119,035 | 56,509 | 45.4 | 2,726.08 | |||||||||||||||||||
(Reference) Equity: As of March 31, 2024: ¥ 56,134 million | |||||||||||||||||||||||
As of March 31, 2023: ¥ 54,082 million | |||||||||||||||||||||||
(3) Consolidated 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 | |||||||||||||||||||||||
Fiscal year ended | Millions of yen | Millions of yen | Millions of yen | Millions of yen | |||||||||||||||||||
March 31, 2024 | 1,157 | (7,140) | 5,484 | 9,164 | |||||||||||||||||||
March 31, 2023 | (575) | (6,046) | 6,666 | 9,286 | |||||||||||||||||||
2. Dividends | |||||||||||||||||||||||
Annual dividends | Total | Ratio of | |||||||||||||||||||||
Payout ratio | dividends to | ||||||||||||||||||||||
1st | 2nd | 3rd | Year- | dividends | |||||||||||||||||||
quarter | quarter | quarter | Total | (consolidated) | net assets | ||||||||||||||||||
end | (annual) | ||||||||||||||||||||||
-end | -end | -end | (consolidated) | ||||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | ||||||||||||||||
Fiscal year ended | - | 24.00 | - | 24.00 | 48.00 | 952 | - | 1.7 | |||||||||||||||
March 31, 2023 | |||||||||||||||||||||||
Fiscal year ended | - | 24.00 | - | 24.00 | 48.00 | 952 | - | 1.7 | |||||||||||||||
March 31, 2024 | |||||||||||||||||||||||
Fiscal year ending | |||||||||||||||||||||||
March 31, 2025 | - | 24.00 | - | 24.00 | 48.00 | 52.9 | |||||||||||||||||
(Forecast) |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024 - March 31, 2025)
(% indicates changes from the previous corresponding period.)
Profit | Basic earnings | ||||||||
Net sales | Operating profit | Ordinary profit | attributable to | ||||||
per share | |||||||||
owners of parent | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
First half | 40,000 | 15.4 | 700 | - | 500 | - | 1,400 | - | 70.57 |
(cumulative) | |||||||||
Full year | 82,000 | 13.5 | 2,000 | - | 1,500 | - | 1,800 | - | 90.73 |
* Notes:
-
Changes in significant subsidiaries during the fiscal year under review: None (Changes in specified subsidiaries resulting in changes in scope of consolidation) Newly included: - companies (Company name)
Excluded: - companies (Company name) - Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards and other regulations: None
- Changes in accounting policies other than 1) above: None
- Changes in accounting estimates: None
- Retrospective restatement: None
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the year (including treasury shares):
March 31, 2024: | 20,652,400 shares |
March 31, 2023: | 20,652,400 shares |
2) Total number of treasury shares at the end of the year: | |
March 31, 2024: | 813,611 shares |
March 31, 2023: | 813,491 shares |
3) Average number of shares during the year: | |
Fiscal year ended March 31, 2024: | 19,838,881 shares |
Fiscal year ended March 31, 2023: | 19,838,976 shares |
(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 - March 31, 2024)
(1) Non-consolidated Operating Results | (% indicates changes from the previous corresponding period.) | ||||||||||
Net sales | Operating profit | Ordinary profit | Profit | ||||||||
Fiscal year ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||
March 31, 2024 | 46,021 | (4.3) | (373) | - | 1,585 | 151.9 | (673) | - | |||
March 31, 2023 | 48,080 | 0.4 | (1,246) | - | 629 | (78.2) | (5,654) | - | |||
Basic earnings | Diluted earnings | ||||||||||
per share | per share | ||||||||||
Fiscal year ended | Yen | Yen | |||||||||
March 31, 2024 | (33.95) | - | |||||||||
March 31, 2023 | (285.04) | - | |||||||||
(2) Non-consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | |
Millions of yen | Millions of yen | % | Yen | |
As of March 31, 2024 | 99,641 | 43,733 | 43.9 | 2,204.45 |
As of March 31, 2023 | 88,930 | 43,160 | 48.5 | 2,175.56 |
(Reference) Equity: As of March 31, 2024: ¥43,733 million As of March 31, 2023: ¥43,160 million
- These consolidated financial results are outside the scope of audit by certified public accountants or an audit firm.
- Explanation on the proper use of financial results forecast and other special notes
Forward-looking statements, including financial results forecasts, contained in this document are based on information currently available to the Company and certain assumptions deemed reasonable. Therefore, these
statements do not constitute a guarantee that they will be realized. Actual results may differ materially from these statements due to various factors.