Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results for the Three Months Ended March 31, 2025 (Based on Japanese GAAP)
Company name: Nicca Chemical Co., Ltd. Stock exchange listing: Tokyo, Nagoya
Stock code: 4463 URL https://www.nicca.co.jp
Representative: President and Representative EMORI Yasumasa Director, Member of the Board
May 1, 2025
Inquiries:
General manager of Administration Division
SAWASAKI Shoya TEL 0776-24-0213
Scheduled date to commence dividend payments: -Preparation of supplementary material on financial results: Yes Holding of financial results meeting: No
(Amounts less than one million yen are rounded down)
Consolidated financial results for the three months ended March 31, 2025 (from January 1, 2025 to March 31, 2025)
Consolidated operating results (cumulative) Percentages indicate year-on-year changes
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
Three months ended March 31, 2025
13,195
7.9
856
45.6
804
5.0
292
(8.0)
Three months ended March 31, 2024
12,228
6.1
588
227.9
766
172.6
318
-
Earnings per share
Diluted earnings per share
Yen
Yen
Three months ended March 31, 2025
18.50
-
Three months ended March 31, 2024
20.14
-
Consolidated financial position
Total assets
Net assets
Equity ratio
Net assets per share
Millions of yen
Millions of yen
%
Yen
As of March 31, 2025
61,083
34,896
52.7
2,031.14
As of December 31, 2024
62,366
36,553
54.0
2,125.60
Cash dividends
Annual dividends per share
1st quarter-end
2nd quarter-end
3rd quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Year ended December 31, 2024
-
25.00
-
27.00
52.00
Year ending December 31, 2025
-
Year ending December 31, 2025 (Forecast)
30.00
-
30.00
60.00
Forecast of consolidated financial results for the year ending December 31, 2025 (from January 1, 2025 to December 31, 2025)
Percentages indicate year-on-year changes
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Earnings per share
Full year
Millions of yen
57,000
%
5.4
Millions of yen
3,600
%
2.3
Millions of yen
3,700
%
(6.9)
Millions of yen
2,600
%
(5.6)
Yen
164.37
Notes
Significant changes in the scope of consolidation during the three months ended March 31, 2025: No
Application of special accounting methods for preparing quarterly consolidated financial statements: Yes
Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements Changes in accounting policies due to revisions to accounting standards and other regulations: No Changes in accounting policies due to other reasons: No
Changes in accounting estimates: No
Restatement of prior period financial statements: No
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
17,710,000 shares
As of December 31, 2024
17,710,000 shares
As of March 31, 2025
Number of treasury shares at the end of the period
1,879,105 shares
As of December 31, 2024
1,864,105 shares
As of March 31, 2025
Average number of shares during the period (cumulative from the beginning of the fiscal year)
15,805,237 shares
Three months ended March 31, 2024
15,834,645 shares
Three months ended March 31, 2025
Quarterly consolidated financial statements Consolidated balance sheets
Assets
Current assets
(Millions of yen) As of December 31, 2024 As of March 31, 2025
Cash and deposits | 10,726 | 10,424 |
Notes and accounts receivable - trade, and contract assets | 11,996 | 10,647 |
Merchandise and finished goods | 5,314 | 5,023 |
Work in process | 818 | 851 |
Raw materials and supplies | 4,372 | 4,536 |
Other | 1,005 | 1,086 |
Allowance for doubtful accounts | (13) | (12) |
Total current assets | 34,221 | 32,556 |
Non-current assets
Property, plant and equipment
Buildings and structures, net | 12,401 | 11,983 |
Machinery, equipment and vehicles, net | 2,365 | 2,216 |
Land | 7,760 | 7,663 |
Other, net | 1,475 | 2,728 |
Total property, plant and equipment | 24,002 | 24,591 |
Intangible assets Other | 510 | 551 |
Total intangible assets | 510 | 551 |
Investments and other assets Other | 3,631 | 3,383 |
total Investments and other assets, gross | 3,631 | 3,383 |
Total non-current assets | 28,144 | 28,526 |
Total assets | 62,366 | 61,083 |
Liabilities
Current liabilities
(Millions of yen) As of December 31, 2024 As of March 31, 2025
Notes and accounts payable - trade | 6,181 | 5,571 |
Short-term borrowings | 4,300 | 6,250 |
Current portion of long-term borrowings | 1,368 | 1,868 |
Income taxes payable | 534 | 337 |
Provision for bonuses | 961 | 413 |
Provision for bonuses for directors (and other officers) | 15 | 4 |
Other | 3,783 | 3,718 |
Total current liabilities | 17,143 | 18,163 |
Non-current liabilities Long-term borrowings | 4,234 | 3,642 |
Retirement benefit liability | 3,132 | 3,090 |
Provision for share-based payments | 210 | 209 |
Other | 1,091 | 1,081 |
Total non-current liabilities | 8,668 | 8,024 |
Total liabilities | 25,812 | 26,187 |
Net assets Shareholders' equity Share capital | 2,898 | 2,898 |
Capital surplus | 2,960 | 2,960 |
Retained earnings | 24,251 | 24,117 |
Treasury shares | (1,407) | (1,394) |
Total shareholders' equity | 28,703 | 28,581 |
Accumulated other comprehensive income Valuation difference on available-for-sale securities | 719 | 599 |
Foreign currency translation adjustment | 4,119 | 2,905 |
Remeasurements of defined benefit plans | 107 | 98 |
Total accumulated other comprehensive income | 4,946 | 3,603 |
Non-controlling interests | 2,903 | 2,711 |
Total net assets | 36,553 | 34,896 |
Total liabilities and net assets | 62,366 | 61,083 |
(Millions of yen)
Three months ended March 31, 2024 | Three months ended March 31, 2025 | |
Net sales | 12,228 | 13,195 |
Cost of sales | 7,959 | 8,413 |
Gross profit | 4,268 | 4,782 |
Selling, general and administrative expenses | 3,680 | 3,926 |
Operating profit | 588 | 856 |
Non-operating income Interest income | 17 | 24 |
Dividend income | 1 | 3 |
Share of profit of entities accounted for using equity method | 5 | 1 |
Foreign exchange gains | 74 | - |
Gain on valuation of currency swaps | 29 | 18 |
Other | 63 | 23 |
Total non-operating income | 192 | 70 |
Non-operating expenses Interest expenses | 9 | 26 |
Foreign exchange losses | - | 73 |
Other | 4 | 22 |
Total non-operating expenses | 14 | 122 |
Ordinary profit | 766 | 804 |
Extraordinary income Gain on sale of non-current assets | 0 | 0 |
Total extraordinary income | 0 | 0 |
Extraordinary losses Loss on retirement of non-current assets | 0 | 0 |
Loss on sale of non-current assets | 0 | 0 |
Loss on sale of investment securities | 0 | - |
Total extraordinary losses | 0 | 1 |
Profit before income taxes | 766 | 803 |
Income taxes | 376 | 425 |
Profit | 390 | 378 |
Profit attributable to non-controlling interests | 71 | 85 |
Profit attributable to owners of parent | 318 | 292 |
Consolidated statements of comprehensive income (cumulative) | ||
(Millions of yen) | ||
Three months ended March 31, 2024 | Three months ended March 31, 2025 | |
Profit | 390 | 378 |
Other comprehensive income Valuation difference on available-for-sale securities | 99 | (119) |
Foreign currency translation adjustment | 779 | (1,390) |
Remeasurements of defined benefit plans, net of tax | 8 | (9) |
Total other comprehensive income | 887 | (1,519) |
Comprehensive income | 1,277 | (1,141) |
Comprehensive income attributable to Comprehensive income attributable to owners of parent | 1,130 | (1,050) |
Comprehensive income attributable to non-controlling interests
146 (90)