Year ended March 31, 2023 (For Translation Purposes Only)
This document has been extracted and translated from the "Consolidated Financial Statements" in the "Financial Information" section in the original Japanese report (Yukashoken-Hokokusho) issued on June 21, 2023 for reference purposes only. In the event of any discrepancy between this translated document and the Japanese version, the Japanese version shall prevail.
Nippon Shokubai Co., Ltd.
Financial Report
Year ended March 31, 2023
Contents Financial ReportConsolidated Statement of Financial Position 1
Consolidated Statement of Income 3
Consolidated Statement of Comprehensive Income 4
Consolidated Statement of Changes in Equity 5
Consolidated Statement of Cash Flows 7
Notes to Consolidated Financial Statements 8
Independent Auditor's Report (For Translation Purposes Only) 80
Nippon Shokubai Co., Ltd. and Consolidated Subsidiaries Consolidated Statement of Financial Position
Assets
Current assets:
March 31, 2022 March 31, 2023(Millions of yen)
Cash and cash equivalents (Note 6) | ¥ 39,363 | ¥ 39,035 | |
Trade receivables (Notes 7 and 29) | 103,577 | 98,571 | |
Inventories (Note 8) | 75,311 | 86,056 | |
Other financial assets (Notes 9 and 29) | 12,427 | 14,151 | |
Other current assets | 6,979 | 6,239 | |
Total current assets | 237,656 | 244,053 |
Non-current assets:
Property, plant and equipment
(Notes 10, 12 and 30) | 191,143 | 189,520 | |
Intangible assets (Notes 11 and 12) Investments in affiliates and joint ventures | 7,895 | 8,358 | |
accounted for using equity method | |||
(Note 13) | 22,868 | 27,088 | |
Other financial assets (Notes 9 and 29) | 40,981 | 40,195 | |
Net defined benefit asset (Note 19) | 12,820 | 9,129 | |
Deferred tax assets (Note 14) | 3,320 | 3,404 | |
Other non-current assets | 1,468 | 1,573 | |
Total non-current assets | 280,495 | 279,266 | |
Total assets | ¥ 518,151 | ¥ 523,319 |
1
Liabilities and equity Liabilities
Current liabilities:
March 31, 2022 March 31, 2023(Millions of yen)
Trade payables (Notes 15 and 29) | ¥ | 57,616 | ¥ | 53,138 | |
Borrowings (Notes 16, 17 and 29) Other financial liabilities | 23,559 | 23,044 | |||
(Notes 16, 17, 29 and 30) | 10,570 | 9,539 | |||
Income taxes payable | 5,812 | 3,970 | |||
Provisions (Note 18) | 5,931 | 6,672 | |||
Other current liabilities | 5,527 | 5,278 | |||
Total current liabilities | 109,014 | 101,641 | |||
Non-current liabilities: Borrowings (Notes 16, 17 and 29) | 28,634 | 27,867 | |||
Other financial liabilities | |||||
(Notes 16, 17, 29 and 30) | 6,784 | 5,961 | |||
Net defined benefit liability (Note 19) | 14,044 | 8,941 | |||
Provisions (Note 18) | 2,347 | 2,582 | |||
Deferred tax liabilities (Note 14) | 6,205 | 6,330 | |||
Total non-current liabilities | 58,014 | 51,681 | |||
Total liabilities | 167,028 | 153,321 | |||
Equity: Share capital (Note 20) | 25,038 | 25,038 | |||
Capital surplus (Note 20) | 22,472 | 22,520 | |||
Treasury shares (Note 20) | (6,291) | (9,298) | |||
Retained earnings (Note 20) | 288,124 | 301,940 | |||
Other components of equity (Note 20) | 14,538 | 22,030 | |||
Total equity attributable to owners of parent | 343,882 | 362,231 | |||
Non-controlling interests | 7,241 | 7,767 | |||
Total equity | 351,123 | 369,998 |
Total liabilities and equity ¥ 518,151 ¥ 523,319
See accompanying notes to consolidated financial statements.2
Nippon Shokubai Co., Ltd. and Consolidated Subsidiaries Consolidated Statement of Income
Years ended March 31, 2022 2023(Millions of yen)
Revenue (Notes 5 and 22) | ¥ 369,293 | ¥ 419,568 | |||
Cost of sales | 291,586 | 339,176 | |||
Gross profit (loss) | 77,707 | 80,392 | |||
Selling, general and administrative expenses | |||||
(Note 23) | 48,992 | 56,844 | |||
Other operating income (Note 24) | 3,013 | 3,057 | |||
Other operating expenses (Notes 12 and 24) | 2,667 | 3,076 | |||
Operating profit (loss) | 29,062 | 23,528 | |||
Finance income (Note 25) | 1,932 | 1,856 | |||
Finance expenses (Note 25) | 682 | 1,134 | |||
Share of profit (loss) of investments | |||||
accounted for using equity method (Note | |||||
13) | 3,362 | 1,925 | |||
Profit (loss) before income tax | 33,675 | 26,175 | |||
Income tax expense (refund) (Note 14) | 9,204 | 6,015 | |||
Profit (loss) | ¥ | 24,470 | ¥ | 20,160 | |
Profit (loss) attributable to: Owners of parent | 23,720 | 19,392 | |||
Non-controlling interests | 750 | 769 | |||
Profit (loss) | ¥ | 24,470 | ¥ | 20,160 | |
Earnings (loss) per share:
Basic earnings (loss) per share (Yen)
(Note 27) 594.86 488.29
Diluted earnings (loss) per share (Yen)
(Note 27) - 488.22
See accompanying notes to consolidated financial statements.3