Nippon Soda Co., Ltd. TSE:4041
Consolidated Financial Results for the Fiscal Year Ended March 31, 2025(Under Japanese GAAP) [PDF:217KB]
Source: MarketScreener
DISCLAIMER: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
May 14, 2025
Company name: Nippon Soda Co., Ltd. Listing: Tokyo Stock Exchange
Securities code: 4041
URL: https://www.nippon-soda.co.jp/ Representative: Eiji Aga, President
Inquiries: Toyonobu Katagishi, Manager, General Affairs Dept. Telephone: +81-3-6366-1920
Scheduled date of annual general meeting of shareholders: June 27, 2025 Scheduled date to commence dividend payments: June 30, 2025
Scheduled date to file annual securities report: June 26, 2025
Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: Yes (For Securities Analysts and Institutional Investors)
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Consolidated financial results for the fiscal year ended March 31, 2025 (from April 1, 2024 to March 31, 2025)
Note: Comprehensive income For the fiscal year ended March 31, 2025:
¥5,309 million
[(81.3)%]
For the fiscal year ended March 31, 2024:
¥28,353 million
[49.4%]
-
Consolidated operating results (Percentages indicate year-on-year changes.)
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, 2025
155,199
0.5
16,063
15.8
19,529
(16.2)
15,011
(9.6)
March 31, 2024
154,429
(10.6)
13,872
(17.9)
23,297
(11.9)
16,612
(0.5)
Basic earnings per share
Diluted earnings per share
Return on equity
Ratio of ordinary profit to total assets
Ratio of operating profit to net sales
Fiscal year ended
Yen
Yen
%
%
%
March 31, 2025
272.56
-
8.0
6.8
10.4
March 31, 2024
298.71
-
9.3
8.6
9.0
Reference: Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended March 31, 2025: ¥2,701 million
For the fiscal year ended March 31, 2024: ¥6,319 million
Note: The Company conducted a 2-for-1 share split for every share of common shares with the effective date of October 1, 2024.
Basic earnings per share have been calculated assuming that the aforementioned share split was conducted at the beginning of the previous consolidated fiscal year.
-
Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
Net assets per share
As of
Millions of yen
Millions of yen
%
Yen
March 31, 2025
288,097
188,102
64.8
3,391.15
March 31, 2024
290,492
189,474
64.7
3,414.78
Reference: Equity
As of March 31, 2025: ¥186,785 million
As of March 31, 2024: ¥188,048 million
Note: The Company conducted a 2-for-1 share split for every share of common shares with the effective date of October 1, 2024.
Net assets per share have been calculated assuming that the aforementioned share split was conducted at the beginning of the previous consolidated fiscal year.
- Consolidated cash flows
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of period
Fiscal year ended
Millions of yen
Millions of yen
Millions of yen
Millions of yen
March 31, 2025
22,636
(17,557)
(5,389)
21,634
March 31, 2024
5,729
(9,594)
6,694
22,187
-
Consolidated operating results (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
Total cash dividends (Total)
Payout ratio (Consolidated)
Ratio of dividends to net assets (Consolidated)
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Millions of yen
%
%
Fiscal year ended March 31, 2024
-
120.00
-
120.00
240.00
6,655
40.2
3.7
Fiscal year ended March 31, 2025
-
120.00
-
80.00
-
7,723
51.4
4.1
Fiscal year ending March 31, 2026 (Forecast)
-
70.00
-
70.00
140.00
58.0
Note: The Company conducted a 2-for-1 share split for every share of common shares with the effective date of October 1, 2024.
The fiscal year-end dividend for the fiscal year ended March 2025 takes into account the impact of the aforementioned share split, and the total annual dividend is shown as "-".
If the impact of the share split is not considered, the annual dividend per share would be 280 yen for both the fiscal year ended March 2025 and the fiscal year ending March 2026.
- Forecast of consolidated financial results for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
Six months ending September 30, 2025 | 66,000 | (1.6) | 6,500 | (8.2) | 7,600 | (9.1) | 5,100 | (19.6) | 92.59 |
Fiscal year ending March 31, 2026 | 148,000 | (4.6) | 13,200 | (17.8) | 16,800 | (14.0) | 13,300 | (11.4) | 241.47 |
Significant changes in the scope of consolidation during the period: None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2025
56,787,734 shares
As of March 31, 2024
57,495,334 shares
Number of treasury shares at the end of the period
As of March 31, 2025
1,707,450 shares
As of March 31, 2024
2,426,282 shares
Average number of shares outstanding during the period
Fiscal year ended March 31, 2025 | 55,076,938 shares |
Fiscal year ended March 31, 2024 | 55,613,676 shares |
Note: The Company conducted a 2-for-1 share split for every share of common shares with the effective date of October 1, 2024.
Total number of issued shares at the end of the period (including treasury shares), Number of treasury shares at the end of the period, and Average number of shares outstanding during the period have been calculated assuming that the aforementioned share split was conducted at the beginning of the previous consolidated fiscal year.
[Reference] Overview of non-consolidated financial results 1. Non-consolidated financial results for the fiscal year ended March 31, 2025 (from April 1, 2024 to March 31, 2025)-
Non-consolidated operating results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit
Fiscal year ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
March 31, 2025
92,208
(1.3)
8,672
0.0
11,776
(13.4)
10,203
22.3
March 31, 2024
93,379
(4.2)
8,669
(7.5)
13,602
(2.1)
8,342
(15.9)
Basic earnings per share
Diluted earnings per share
Fiscal year ended
Yen
Yen
March 31, 2025
185.27
-
March 31, 2024
150.01
-
Note: The Company conducted a 2-for-1 share split for every share of common shares with the effective date of October 1, 2024.
Basic earnings per share have been calculated assuming that the aforementioned share split was conducted at the beginning of the previous non-consolidated fiscal year.
- Non-consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | Net assets per share | |
As of | Millions of yen | Millions of yen | % | Yen |
March 31, 2025 | 212,193 | 127,068 | 59.9 | 2,306.97 |
March 31, 2024 | 210,808 | 126,479 | 60.0 | 2,296.74 |
Reference: Equity
As of March 31, 2025: ¥127,068 million
As of March 31, 2024: ¥126,479 million
Note: The Company conducted a 2-for-1 share split for every share of common shares with the effective date of October 1, 2024.
Net assets per share have been calculated assuming that the aforementioned share split was conducted at the beginning of the previous non-consolidated fiscal year.
Financial results reports are exempt from audit conducted by certified public accountants or an audit firm.
Proper use of earnings forecasts, and other special matters
(Cautions on forward-looking statements, etc.)
The descriptions regarding future performance and outlook contained in this document are based on certain assumptions that our company currently possesses and deems reasonable. However, they do not constitute a promise by our company to achieve those outcomes. Actual performance may vary significantly due to various factors.
Consolidated balance sheet | |||
(Millions of yen) | |||
As of March 31, 2024 | As of March 31, 2025 | ||
Assets | |||
Current assets | |||
Cash and deposits | 22,215 | 22,267 | |
Notes and accounts receivable - trade, and contract assets | 50,755 | 45,935 | |
Electronically recorded monetary claims - operating | 4,268 | 4,203 | |
Inventories | 51,729 | 53,419 | |
Other | 5,162 | 3,826 | |
Allowance for doubtful accounts | (8) | (9) | |
Total current assets | 134,123 | 129,643 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures | 69,341 | 71,139 | |
Accumulated depreciation | (45,941) | (46,958) | |
Buildings and structures, net | 23,400 | 24,181 | |
Machinery, equipment and vehicles | 121,442 | 123,015 | |
Accumulated depreciation | (102,391) | (103,642) | |
Machinery, equipment and vehicles, net | 19,051 | 19,373 | |
Tools, furniture and fixtures | 13,573 | 14,001 | |
Accumulated depreciation | (11,051) | (11,597) | |
Tools, furniture and fixtures, net | 2,522 | 2,403 | |
Land | 15,024 | 15,018 | |
Construction in progress | 3,379 | 12,179 | |
Other | 278 | 289 | |
Accumulated depreciation | (196) | (221) | |
Other, net | 81 | 68 | |
Total property, plant and equipment | 63,460 | 73,224 | |
Intangible assets | |||
Goodwill | 100 | 69 | |
Other | 3,606 | 2,694 | |
Total intangible assets | 3,706 | 2,763 | |
Investments and other assets | |||
Investment securities | 70,084 | 63,328 | |
Retirement benefit asset | 15,233 | 14,502 | |
Deferred tax assets | 1,797 | 2,082 | |
Other | 2,087 | 2,554 | |
Allowance for doubtful accounts | (1) | (1) | |
Total investments and other assets | 89,201 | 82,465 | |
Total non-current assets | 156,369 | 158,454 | |
Total assets | 290,492 | 288,097 | |
(Millions of yen)
As of March 31, 2024 | As of March 31, 2025 | |||
Liabilities | ||||
Current liabilities | ||||
Notes and accounts payable - trade | 18,658 | 17,045 | ||
Electronically recorded obligations - operating | 3,891 | 3,680 | ||
Short-term borrowings | 23,795 | 26,913 | ||
Income taxes payable | 914 | 1,797 | ||
Provision for bonuses | 6,151 | 5,798 | ||
Other | 6,818 | 6,674 | ||
Total current liabilities | 60,228 | 61,910 | ||
Non-current liabilities | ||||
Long-term borrowings | 25,118 | 23,325 | ||
Deferred tax liabilities | 11,076 | 10,675 | ||
Retirement benefit liability | 1,283 | 1,270 | ||
Provision for environmental measures | 422 | 14 | ||
Other | 2,888 | 2,799 | ||
Total non-current liabilities | 40,789 | 38,083 | ||
Total liabilities | 101,018 | 99,994 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 29,166 | 29,166 | ||
Capital surplus | 26,099 | 24,823 | ||
Retained earnings | 116,174 | 124,566 | ||
Treasury shares | (4,497) | (3,191) | ||
Total shareholders' equity | 166,942 | 175,365 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale securities | 14,968 | 11,398 | ||
Deferred gains or losses on hedges | 30 | (39) | ||
Foreign currency translation adjustment | 3,559 | (999) | ||
Remeasurements of defined benefit plans | 2,547 | 1,059 | ||
Total accumulated other comprehensive income | 21,105 | 11,419 | ||
Non-controlling interests | 1,425 | 1,317 | ||
Total net assets | 189,474 | 188,102 | ||
Total liabilities and net assets | 290,492 | 288,097 |
Consolidated statement of income | (Millions of yen) | ||
Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | ||
Net sales | 154,429 | 155,199 | |
Cost of sales | 111,729 | 110,264 | |
Gross profit | 42,699 | 44,934 | |
Selling, general and administrative expenses | 28,827 | 28,871 | |
Operating profit | 13,872 | 16,063 | |
Non-operating income | |||
Interest income | 69 | 157 | |
Dividend income | 1,253 | 1,488 | |
Share of profit of entities accounted for using equity method | 6,319 | 2,701 | |
Foreign exchange gains | 1,347 | - | |
Other | 1,423 | 702 | |
Total non-operating income | 10,412 | 5,050 | |
Non-operating expenses | |||
Interest expenses | 281 | 425 | |
Salaries of seconded employees | 120 | 111 | |
Foreign exchange losses | - | 210 | |
Other | 585 | 836 | |
Total non-operating expenses | 987 | 1,584 | |
Ordinary profit | 23,297 | 19,529 | |
Extraordinary income | |||
Gain on sale of non-current assets | 10 | 48 | |
Gain on sale of investment securities | 1,596 | 3,012 | |
Other | 4 | 201 | |
Total extraordinary income | 1,611 | 3,262 | |
Extraordinary losses | |||
Impairment losses | 908 | 91 | |
Loss on sale of investment securities | 2 | 9 | |
Loss on abandonment of non-current assets | 1,160 | 1,811 | |
Loss on valuation of investment securities | 18 | 5 | |
Disaster losses | 1,346 | 231 | |
Loss on closing of factory | - | 345 | |
Other | 133 | 31 | |
Total extraordinary losses | 3,569 | 2,526 | |
Profit before income taxes | 21,338 | 20,265 | |
Income taxes - current | 3,146 | 3,787 | |
Income taxes - deferred | 1,487 | 1,351 | |
Total income taxes | 4,634 | 5,138 | |
Profit | 16,704 | 15,127 | |
Profit attributable to non-controlling interests | 91 | 115 | |
Profit attributable to owners of parent | 16,612 | 15,011 |
Consolidated statement of comprehensive income | (Millions of yen) | ||
Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | ||
Profit | 16,704 | 15,127 | |
Other comprehensive income | |||
Valuation difference on available-for-sale securities | 3,975 | (3,570) | |
Deferred gains or losses on hedges | (2) | (2) | |
Foreign currency translation adjustment | 1,385 | (456) | |
Remeasurements of defined benefit plans, net of tax | 2,341 | (1,467) | |
Share of other comprehensive income of entities accounted for using equity method | 3,950 | (4,319) | |
Total other comprehensive income | 11,649 | (9,817) | |
Comprehensive income | 28,353 | 5,309 | |
Comprehensive income attributable to | |||
Comprehensive income attributable to owners of parent | 28,142 | 5,324 | |
Comprehensive income attributable to non-controlling interests | 211 | (15) |
(Millions of yen)
Shareholders' equity | |||||
Share capital | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |
Balance at beginning of period | 29,166 | 25,834 | 107,090 | (2,410) | 159,681 |
Dividends of surplus | (7,529) | (7,529) | |||
Profit attributable to owners of parent | 16,612 | 16,612 | |||
Purchase of treasury shares | (2,004) | (2,004) | |||
Disposal of treasury shares | 112 | (82) | 29 | ||
Change in ownership interest of parent due to transactions with non-controlling interests | 152 | 152 | |||
Net changes in items other than shareholders' equity | |||||
Total changes during period | - | 264 | 9,083 | (2,086) | 7,261 |
Balance at end of period | 29,166 | 26,099 | 116,174 | (4,497) | 166,942 |
Accumulated other comprehensive income | Non-controlling interests | Total net assets | |||||
Valuation difference on available-for-sale securities | Deferred gains or losses on hedges | Foreign currency translation adjustment | Remeasurements of defined benefit plans | Total accumulated other comprehensive income | |||
Balance at beginning of period | 10,993 | 79 | (1,684) | 187 | 9,575 | 1,702 | 170,959 |
Dividends of surplus | (7,529) | ||||||
Profit attributable to owners of parent | 16,612 | ||||||
Purchase of treasury shares | (2,004) | ||||||
Disposal of treasury shares | 29 | ||||||
Change in ownership interest of parent due to transactions with non-controlling interests | 152 | ||||||
Net changes in items other than shareholders' equity | 3,975 | (49) | 5,244 | 2,359 | 11,530 | (277) | 11,253 |
Total changes during period | 3,975 | (49) | 5,244 | 2,359 | 11,530 | (277) | 18,514 |
Balance at end of period | 14,968 | 30 | 3,559 | 2,547 | 21,105 | 1,425 | 189,474 |
(Millions of yen)
Shareholders' equity | |||||
Share capital | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |
Balance at beginning of period | 29,166 | 26,099 | 116,174 | (4,497) | 166,942 |
Dividends of surplus | (6,619) | (6,619) | |||
Profit attributable to owners of parent | 15,011 | 15,011 | |||
Purchase of treasury shares | (2) | (2) | |||
Disposal of treasury shares | 10 | 22 | 32 | ||
Cancellation of treasury shares | (1,285) | 1,285 | - | ||
Net changes in items other than shareholders' equity | |||||
Total changes during period | - | (1,275) | 8,392 | 1,306 | 8,422 |
Balance at end of period | 29,166 | 24,823 | 124,566 | (3,191) | 175,365 |
Accumulated other comprehensive income | Non-controlling interests | Total net assets | |||||
Valuation difference on available-for-sale securities | Deferred gains or losses on hedges | Foreign currency translation adjustment | Remeasurements of defined benefit plans | Total accumulated other comprehensive income | |||
Balance at beginning of period | 14,968 | 30 | 3,559 | 2,547 | 21,105 | 1,425 | 189,474 |
Dividends of surplus | (6,619) | ||||||
Profit attributable to owners of parent | 15,011 | ||||||
Purchase of treasury shares | (2) | ||||||
Disposal of treasury shares | 32 | ||||||
Cancellation of treasury shares | - | ||||||
Net changes in items other than shareholders' equity | (3,570) | (69) | (4,558) | (1,487) | (9,686) | (108) | (9,795) |
Total changes during period | (3,570) | (69) | (4,558) | (1,487) | (9,686) | (108) | (1,372) |
Balance at end of period | 11,398 | (39) | (999) | 1,059 | 11,419 | 1,317 | 188,102 |
(Millions of yen)
Fiscal year ended March 31, 2025Cash flows from operating activities | ||
Profit before income taxes | 21,338 | 20,265 |
Depreciation | 7,842 | 7,832 |
Amortization of goodwill | 30 | 30 |
Impairment losses | 908 | 91 |
Share of loss (profit) of entities accounted for using equity method | (6,319) | (2,701) |
Increase (decrease) in provision for bonuses | (266) | (351) |
Increase (decrease) in allowance for doubtful accounts | 0 | 0 |
Decrease (increase) in retirement benefit asset | (480) | (863) |
Increase (decrease) in retirement benefit liability | (46) | 5 |
Increase (decrease) in provision for environmental measures | (1,024) | (408) |
Interest and dividend income | (1,322) | (1,645) |
Interest expenses | 281 | 425 |
Loss on abandonment of non-current assets | 1,172 | 1,811 |
Loss (gain) on valuation of investment securities | 18 | 5 |
Loss (gain) on sale of investment securities | (1,593) | (3,003) |
Decrease (increase) in trade receivables | (5,323) | 4,766 |
Decrease (increase) in inventories | (7,256) | (1,775) |
Increase (decrease) in trade payables | 2,340 | (1,727) |
Other, net | 389 | 395 |
Subtotal | 10,689 | 23,155 |
Interest and dividends received | 2,337 | 2,404 |
Interest paid | (278) | (425) |
Income taxes paid | (7,018) | (2,498) |
Net cash provided by (used in) operating activities | 5,729 | 22,636 |
(Millions of yen)
Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | |||
Cash flows from investing activities | ||||
Purchase of property, plant and equipment | (9,921) | (17,605) | ||
Proceeds from sale of property, plant and equipment | 14 | 63 | ||
Purchase of intangible assets | (494) | (94) | ||
Purchase of investment securities | (413) | (1,332) | ||
Proceeds from sale of investment securities | 2,348 | 3,674 | ||
Purchase of shares of subsidiaries and associates | (10) | (6) | ||
Loan advances | (1) | (61) | ||
Proceeds from collection of loans receivable | 4 | 4 | ||
Payments for retirement of property, plant and equipment | (1,005) | (1,454) | ||
Other, net | (116) | (744) | ||
Net cash provided by (used in) investing activities | (9,594) | (17,557) | ||
Cash flows from financing activities | ||||
Net increase (decrease) in short-term borrowings | 2,900 | (1,650) | ||
Proceeds from long-term borrowings | 16,000 | 10,300 | ||
Repayments of long-term borrowings | (2,325) | (7,325) | ||
Dividends paid | (7,505) | (6,598) | ||
Purchase of treasury shares | (2,007) | (2) | ||
Dividends paid to non-controlling interests | (130) | (93) | ||
Purchase of shares of subsidiaries not resulting in change in scope of consolidation | (205) | - | ||
Other, net | (31) | (21) | ||
Net cash provided by (used in) financing activities | 6,694 | (5,389) | ||
Effect of exchange rate change on cash and cash equivalents | 873 | (433) | ||
Net increase (decrease) in cash and cash equivalents | 3,702 | (743) | ||
Cash and cash equivalents at beginning of period | 18,484 | 22,187 | ||
Increase in cash and cash equivalents resulting from merger with unconsolidated subsidiaries | - | 190 | ||
Cash and cash equivalents at end of period | 22,187 | 21,634 |
Balance sheet | |||
(Millions of yen) | |||
As of March 31, 2024 | As of March 31, 2025 | ||
Assets | |||
Current assets | |||
Cash and deposits | 10,346 | 7,093 | |
Notes receivable - trade | 1,580 | 1,616 | |
Accounts receivable - trade | 34,719 | 34,862 | |
Finished goods | 32,579 | 35,356 | |
Work in process | 589 | 386 | |
Raw materials and supplies | 9,413 | 9,352 | |
Short-term loans receivable | 1,640 | 1,780 | |
Other | 2,262 | 1,577 | |
Allowance for doubtful accounts | (1) | (1) | |
Total current assets | 93,131 | 92,024 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings | 10,589 | 10,747 | |
Structures | 7,832 | 8,543 | |
Machinery and equipment | 17,088 | 17,554 | |
Vehicles | 65 | 43 | |
Tools, furniture and fixtures | 1,860 | 1,778 | |
Land | 13,650 | 13,643 | |
Leased assets | 62 | 57 | |
Construction in progress | 5,764 | 10,060 | |
Total property, plant and equipment | 56,913 | 62,429 | |
Intangible assets | |||
Software | 955 | 587 | |
Other | 2,300 | 1,771 | |
Total intangible assets | 3,255 | 2,358 | |
Investments and other assets | |||
Investment securities | 30,926 | 27,430 | |
Shares of subsidiaries and associates | 14,550 | 14,522 | |
Investments in capital of subsidiaries and associates | 207 | 207 | |
Prepaid pension costs | 10,341 | 11,454 | |
Other | 1,483 | 1,767 | |
Total investments and other assets | 57,508 | 55,381 | |
Total non-current assets | 117,677 | 120,169 | |
Total assets | 210,808 | 212,193 | |
(Millions of yen)
As of March 31, 2024 | As of March 31, 2025 | |||
Liabilities | ||||
Current liabilities | ||||
Accounts payable - trade | 11,155 | 7,348 | ||
Short-term borrowings | 22,845 | 26,413 | ||
Lease liabilities | 37 | 32 | ||
Accounts payable - other | 1,354 | 1,379 | ||
Accrued expenses | 1,712 | 1,939 | ||
Income taxes payable | - | 506 | ||
Deposits received | 9,318 | 12,404 | ||
Provision for bonuses | 5,007 | 4,586 | ||
Other | 175 | 168 | ||
Total current liabilities | 51,606 | 54,778 | ||
Non-current liabilities | ||||
Long-term borrowings | 25,118 | 23,325 | ||
Lease liabilities | 34 | 33 | ||
Deferred tax liabilities | 5,099 | 5,009 | ||
Provision for environmental measures | 454 | 5 | ||
Asset retirement obligations | 522 | 516 | ||
Other | 1,493 | 1,456 | ||
Total non-current liabilities | 32,722 | 30,345 | ||
Total liabilities | 84,329 | 85,124 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 29,166 | 29,166 | ||
Capital surplus | ||||
Legal capital surplus | 18,148 | 12,148 | ||
Other capital surplus | 5,957 | 10,682 | ||
Total capital surplus | 24,106 | 22,831 | ||
Retained earnings | ||||
Other retained earnings | ||||
Retained earnings brought forward | 65,011 | 68,595 | ||
Total retained earnings | 65,011 | 68,595 | ||
Treasury shares | (4,497) | (3,191) | ||
Total shareholders' equity | 113,787 | 117,402 | ||
Valuation and translation adjustments | ||||
Valuation difference on available-for-sale securities | 12,692 | 9,666 | ||
Total valuation and translation adjustments | 12,692 | 9,666 | ||
Total net assets | 126,479 | 127,068 | ||
Total liabilities and net assets | 210,808 | 212,193 | ||
Statement of income | (Millions of yen) | ||
Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | ||
Net sales | 93,379 | 92,208 | |
Cost of sales | 62,623 | 61,426 | |
Gross profit | 30,756 | 30,782 | |
Selling, general and administrative expenses | 22,087 | 22,109 | |
Operating profit | 8,669 | 8,672 | |
Non-operating income | |||
Interest and dividend income | 3,192 | 3,925 | |
Other | 3,672 | 2,001 | |
Total non-operating income | 6,864 | 5,927 | |
Non-operating expenses | |||
Interest expenses | 287 | 437 | |
Other | 1,643 | 2,386 | |
Total non-operating expenses | 1,930 | 2,823 | |
Ordinary profit | 13,602 | 11,776 | |
Extraordinary income | |||
Gain on sale of investment securities | 1,592 | 2,782 | |
Gain on sale of non-current assets | 10 | 48 | |
Other | - | 179 | |
Total extraordinary income | 1,602 | 3,010 | |
Extraordinary losses | |||
Impairment losses | 1,019 | - | |
Loss on abandonment of non-current assets | 1,128 | 1,358 | |
Loss on sale of investment securities | 2 | 1 | |
Loss on valuation of investment securities | - | 5 | |
Loss on closing of factory | - | 345 | |
Disaster losses | 1,341 | 231 | |
Loss on valuation of shares of subsidiaries and associates | 1,175 | - | |
Other | 97 | - | |
Total extraordinary losses | 4,765 | 1,942 | |
Profit before income taxes | 10,439 | 12,844 | |
Income taxes - current | 1,366 | 1,520 | |
Income taxes - deferred | 729 | 1,120 | |
Total income taxes | 2,096 | 2,640 | |
Profit | 8,342 | 10,203 |
(Millions of yen)
Shareholders' equity | ||||||||
Share capital | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | ||||
Legal capital surplus | Other capital surplus | Total capital surplus | Other retained earnings | Total retained earnings | ||||
Balance at beginning of period | 29,166 | 18,148 | 5,845 | 23,994 | 64,197 | 64,197 | (2,410) | 114,947 |
Dividends of surplus | (7,529) | (7,529) | (7,529) | |||||
Profit | 8,342 | 8,342 | 8,342 | |||||
Purchase of treasury shares | (2,004) | (2,004) | ||||||
Disposal of treasury shares | 112 | 112 | (82) | 29 | ||||
Net changes in items other than shareholders' equity | ||||||||
Total changes during period | - | - | 112 | 112 | 813 | 813 | (2,086) | (1,160) |
Balance at end of period | 29,166 | 18,148 | 5,957 | 24,106 | 65,011 | 65,011 | (4,497) | 113,787 |
Accumulated other comprehensive income | Total net assets | |||
Valuation difference on available-for-sale securities | Deferred gains or losses on hedges | Total valuation and translation adjustments | ||
Balance at beginning of period | 9,524 | - | 9,524 | 124,472 |
Dividends of surplus | (7,529) | |||
Profit | 8,342 | |||
Purchase of treasury shares | (2,004) | |||
Disposal of treasury shares | 29 | |||
Net changes in items other than shareholders' equity | 3,167 | 3,167 | 3,167 | |
Total changes during period | 3,167 | - | 3,167 | 2,006 |
Balance at end of period | 12,692 | - | 12,692 | 126,479 |
(Millions of yen)
Shareholders' equity | ||||||||
Share capital | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | ||||
Legal capital surplus | Other capital surplus | Total capital surplus | Other retained earnings | Total retained earnings | ||||
Balance at beginning of period | 29,166 | 18,148 | 5,957 | 24,106 | 65,011 | 65,011 | (4,497) | 113,787 |
Dividends of surplus | (6,619) | (6,619) | (6,619) | |||||
Profit | 10,203 | 10,203 | 10,203 | |||||
Purchase of treasury shares | (2) | (2) | ||||||
Disposal of treasury shares | 10 | 10 | 22 | 32 | ||||
Cancellation of treasury shares | (1,285) | (1,285) | 1,285 | - | ||||
Transfer from capital reserve to other capital surplus | (6,000) | 6,000 | - | - | ||||
Net changes in items other than shareholders' equity | ||||||||
Total changes during period | - | (6,000) | 4,724 | (1,275) | 3,584 | 3,584 | 1,306 | 3,615 |
Balance at end of period | 29,166 | 12,148 | 10,682 | 22,831 | 68,595 | 68,595 | (3,191) | 117,402 |
Accumulated other comprehensive income | Total net assets | |||
Valuation difference on available-for-sale securities | Deferred gains or losses on hedges | Total valuation and translation adjustments | ||
Balance at beginning of period | 12,692 | - | 12,692 | 126,479 |
Dividends of surplus | (6,619) | |||
Profit | 10,203 | |||
Purchase of treasury shares | (2) | |||
Disposal of treasury shares | 32 | |||
Cancellation of treasury shares | - | |||
Transfer from capital reserve to other capital surplus | - | |||
Net changes in items other than shareholders' equity | (3,025) | (3,025) | (3,025) | |
Total changes during period | (3,025) | - | (3,025) | 589 |
Balance at end of period | 9,666 | - | 9,666 | 127,068 |
The previous fiscal year (April 1, 2023 to March 31, 2024)
(in millions of yen)
Reportable segments | Total | Adjustment amount | Amount recorded in consolidated financial statements | |||||
Chemical Materials | Agri Business | Trading and Logistics | Engineering | Eco Solutions | ||||
Sales Revenues from external customers Transactions with other segments | 36,063 13,048 | 53,040 158 | 40,898 10,186 | 16,336 5,570 | 8,090 1,527 | 154,429 30,490 | -(30,490) | 154,429 - |
Total | 49,111 | 53,198 | 51,085 | 21,907 | 9,617 | 184,919 | (30,490) | 154,429 |
Segment Profit | 3,083 | 6,674 | 2,145 | 1,726 | 164 | 13,794 | 77 | 13,872 |
Segment Assets | 86,561 | 121,037 | 34,272 | 22,226 | 12,467 | 276,564 | 13,928 | 290,492 |
Depreciation | 3,953 | 3,048 | 406 | 127 | 778 | 8,315 | (472) | 7,842 |
Increase in property, plant and equipment and intangible assets | 3,953 | 1,895 | 509 | 713 | 1,440 | 8,513 | (335) | 8,177 |
The current fiscal year (April 1, 2024 to March 31, 2025)
(in millions of yen)
Reportable segments | Total | Adjustment amount | Amount recorded in consolidated financial statements | |||||
Chemical Materials | Agri Business | Trading and Logistics | Engineering | Eco Solutions | ||||
Sales Revenues from external customers Transactions with other segments | 36,442 14,813 | 53,588 164 | 42,818 8,699 | 13,138 8,356 | 9,212 989 | 155,199 33,024 | -(33,024) | 155,199 - |
Total | 51,256 | 53,753 | 51,517 | 21,494 | 10,202 | 188,224 | (33,024) | 155,199 |
Segment Profit | 6,074 | 5,115 | 2,417 | 2,368 | 99 | 16,075 | (11) | 16,063 |
Segment Assets | 95,531 | 120,618 | 33,352 | 21,126 | 12,801 | 283,429 | 4,667 | 288,097 |
Depreciation | 3,665 | 3,054 | 461 | 168 | 900 | 8,250 | (417) | 7,832 |
Increase in property, plant and equipment and intangible assets | 6,493 | 1,964 | 1,474 | 166 | 882 | 10,980 | (571) | 10,408 |
Note: Matters Related to Changes in Reporting Segments
(Changes in the Method of Segmentation for Reporting Segments)
From the current fiscal year, in the Eco Solutions segment, due to changes in the management of profit, items related to Nisso Metallochemical Co., Ltd., which were previously included in "Chemical Materials" and "Adjustments," are now included in "Eco Solutions."
The segment information for the previous fiscal year has been prepared based on the revised segmentation method.