Financial Results Summary
for the Three Months of the Fiscal Year
Ended March 31, 2023
Nippon Soda Co., Ltd.
August 2, 2022
1
Contents
１．Consolidated Financial Results for the Three Months of the Fiscal Year Ended March 31, 2023
・Overview | ... | 3 |
・Performance by segment | ... | 4 |
・Net Sales by sub-segments of Chemicals | ... | 5 |
・Net Sales by sub-segments of Agro Products | ... | 6 |
２．Revised Forecast of Consolidated Financial Results
for the First Half of the Fiscal Year Ending March 31, 2023
・Overview | ... | 8 |
・Performance forecast by segment | ... | 9 - 10 |
３．Forecast of Consolidated Financial Results | |
for the Fiscal Year Ending March 31, 2023 | |
・Overview | ... 12 |
・Performance forecast by segment | ... 13 |
４．Reference Materials | ... 14 - 15 |
2
Consolidated Financial Results for the Three Months of the Fiscal Year Ended March 31, 2023 (Overview)
(Billions of yen) | 2022/3 1Q | 2023/3 1Q | Change | Change (%) |
(amount) | ||||
Net sales | 31.83 | 40.44 | 8.61 | 27.1% |
Operating profit | 2.34 | 5.84 | 3.50 | 149.6% |
Share of profit of entities accounted | 0.04 | 1.62 | 1.58 | |
for using equity method | ||||
Ordinary profit | 2.68 | 8.69 | 6.01 | 224.3% |
Profit attributable to owners of parent | 1.73 | 5.85 | 4.12 | 237.8% |
Exchange rate (JPY/USD) | 109.3 | 129.4 | 20.2 | |
Exchange rate (JPY/EUR) | 131.4 | 137.8 | 6.4 | |
・Increased sales of the Agro Products, Chemicals and Trading Businesses
【Operating profit （year on year）】
・Revised sales price due to a substantial rise in costs of raw materials and fuel
・Recorded inventory valuation gain, due to a rise in costs of raw materials and fuel
・Increased share of profit of entities accounted for using equity method
・Exchange rate changed for the weak yen
1.34 （2.35）
2.57
（Billions of yen）
1.94 5.84
・Operating profit difference : 3.50 breakdown
Price difference : 2.57（of which, rate difference : 1.63）
Volume difference : 1.34
Material purchase price difference : (2.35)
(of which, rate difference : (0.73))
Others : 1.94 (of which, inventory valuation gain : 2.44)
2.34 | Operating | profit | ||||||
difference: 3.50 | ||||||||
'22/3 1Q | Price | Volume | Material | Others | '23/3 1Q | |||
difference | difference | Purchase | ||||||
Price difference | 3 | |||||||
Consolidated Financial Results for the Three Months of the Fiscal Year Ended March 31, 2023
(Billions of yen) | 2022/3 | 1Q | 2023/3 1Q | Change (amount) | |||
Net sales | Operating | Net sales | Operating | Net sales | Operating | ||
profit | profit | profit | |||||
Chemicals | 9.91 | 1.26 | 11.48 | 1.83 | 1.56 | 0.57 | |
Agro Products | 8.86 | 0.16 | 13.44 | 2.93 | 4.58 | 2.77 | |
Trading | 8.46 | 0.27 | 9.46 | 0.38 | 0.99 | 0.11 | |
Transportation and Warehousing | 1.09 | 0.15 | 1.11 | 0.19 | 0.02 | 0.04 | |
Construction | 1.25 | 0.38 | 2.35 | 0.10 | 1.10 | （0.29) | |
Others | 2.25 | 0.31 | 2.60 | 0.27 | 0.36 | (0.03) | |
Adjustments | - | (0.19) | - | 0.14 | - | 0.34 | |
Total | 31.83 | 2.34 | 40.44 | 5.84 | 8.61 | 3.50 | |
・Chemicals Business : Increased pharmaceutical additive "NISSO HPC" and KrF photo resist material "VP-POLYMER" Revised sales price due to a substantial rise in cost of raw materials and fuel
・Agro Products Business : The sales for export increased in insecticide "MOSPILAN", fungicide "Pancho", "TOPSIN-M", "PYTHILOCK" and acaricide "NISSORUN", as front-loaded demand occurred in those products due to the disruptions in global marine transportation and anticipation of rising sales prices.
・Trading Business : Increased various organic chemicals
・Transportation and Warehousing : Increased Warehousing business, decreased Transportation business
・Construction Business : Increased plant construction work (Decreased profit due to adjustments regarding the Accounting Standard for Construction Contracts)
4
Consolidated Financial Results for the Three Months of the Fiscal Year Ended March 31, 2023
(Billions of yen)
consolidated- | Industrial chemicals |
Fine chemicals | |
Specialty chemicals | |
Eco-business | |
Non | Pharmaceuticals & |
intermediates, Biocides | |
Subtotal
Subsidiaries sales, elimination of transactions, etc.
Net sales of Chemicals
2022/3 1Q | 2023/3 1Q | Change | Main factors of change | |||
(amount) | ||||||
3.31 | 3.10 | (0.21) | Phosphorus chloride↑ | |||
Caustic potash↓, Potassium carbonate↓ | ||||||
2.16 | 2.65 | 0.49 | Secondary battery materials↑ | |||
1.50 | 1.75 | 0.25 | VP-POLYMER↑ | |||
1.62 | 1.22 | (0.39) | NISSO HI-CHLON↓ | |||
2.01 | 2.75 | 0.75 | NISSO HPC↑ | |||
10.59 | 11.47 | 0.89 | ||||
(0.67) | 0.01 | 0.68 | ||||
9.91 | 11.48 | 1.56 | ||||
・Industrial chemicals : Increased phosphorus chloride due to revising in sales price
Terminated the production of caustic potash and potassium carbonate due to implementation of structural reforms
・Fine chemicals : Increased secondary battery materials
・Specialty chemicals : Growth in sales of KrF photo resist
material "VP-POLYMER"
・Pharmaceuticals : Growth in sales of pharmaceutical additive "NISSO HPC"
【Chemicals : Quarterly net sales and operating profit】
1Q | 2Q | 3Q | 4Q (Billions of yen） | |||||||
Net sales | Operating profit | |||||||||
60 | 3 | 2.64 | ||||||||
2.47 | ||||||||||
50 | 46.60 | 2.5 | ||||||||
43.89 | 0.24 | （2nd half） | ||||||||
40 | 13.70 | （2nd half） | 2 | 0.78 | 0.96 | |||||
30 | 23.40 | 1.5 | 0.20 | |||||||
10.51 | ||||||||||
20 | 1 | （1st half） | ||||||||
1.83 | ||||||||||
9.76 | （1 | st | half） | 1.26 | 1.68 | |||||
10 | 0.5 | |||||||||
9.91 | 11.48 | 23.20 | ||||||||
0 | 0 | |||||||||
'22/3 | '23/3 | '23/3 | '22/3 | '23/3 | '23/3 | |||||
results | 1Q | Forecast | results | 1Q | Forecast | 5 | ||||