四国化成工業（4099） – Financial Results for the 3rd Quarter of the FY2022

Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpFinancial Results for the 3rd Quarter of FY2022（April 1, 2021-December 31, 2021）January 25, 2022Code number：4099ContentsCorporate Profile Highlights of Financial Results for the Q3 of FY2022Financial Results Trend (Consolidated and Quarter) Sales Trends by Region (Consolidated and Quarter) Progress Report (Consolidated and Quarter) Assets / Liabilities, and a Total Equity (Consolidated) Sales and Profit by Business Segments Chemicals Operations SegmentHousing Materials Operations SegmentSales / Operating Income Trend (Consolidated) ･･･ 3･･･ 4･･･ 5･･･ 6･･･ 7･･･ 8･･･ 9～10･･･ 11～12･･･ 13～14･･･ 152Copyright © SHIKOKU CHEMICALS CORPORATIONCorporate Profile▼Company Overviewwww.shikoku.co.jp■Company name■IncorporatedSHIKOKU CHEMICALS CORPORATIONOctober 10, 1947The company was established in Marugame, Kagawa Prefecture, as a producer of carbon disulfide.〔Chemicals operations〕 Inorganic chemicals, organic chemicals, fine chemicals〔Housing materials operations〕 Interior, exterior finishes and paving materials,exterior products■R&D, plant facilities 1 R&D, 7 plants■Directory■Lines of business〔Japan〕 2 branches, 7 sales offices〔Overseas〕 U.S.A, China (Shanghai, Shenzhen), Taiwan, Singapore6,867 million yen■Capital■Number of employees Consolidated 1,218, non-consolidated 628（as of September 30, 2021）▼Share of Stock■Issued shares■Number of shareholders 3,988（as of September 30, 2021）54 million shares▼SHIKOKU CHEMICALS CORPORATION Group〔Japan〕 10 Consolidated subsidiaries〔Overseas〕 1 Consolidated subsidiary and 1 unconsolidated SubsidiarySHIKOKU INTERNATIONAL CORPORATIONNippon Ryutan Kogyo Co., Ltd. Shikoku Environmental Business Company Shikoku Analytical LaboratoriesSHIKOKU KOSAN CORPORATIONSHIKOKU KEIZAI CORPORATIONSHIKOKU KEIZAI KANTO CORPORATION NIHON KOHKI CORPORATIONSHIKOKU SYSTEM KOHBOH CORPORATIONShikoku Foods & Trading CompanyShikoku Foods & Insurance Service Co., Ltd. Shikoku (Shanghai) Co., Ltd.（Unconsolidated）3Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpHighlights of Financial Results for the Q3 of FY2022 (millions of yen)4The exchange rates given above are average rates for the period from April to December.AmountPercentageAmountPercentageNet sales36,024100.0%39,229100.0%3,2058.9% Operating income4,88813.6%6,15815.7%1,27026.0% Ordinary income5,20614.5%6,72117.1%1,51529.1% Net income attributableto owners of the parent3,91110.9%4,79412.2%88322.6% Exchange rate (USD)106111Exchange rate (EUR)1211313,204,933,3651,270,663,9391,515,712,245882,359,878Consolidated cumulative Q3 Increaseof amountChangesFY2021FY2022Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpFinancial Results Trend (Consolidated and Quarter) (ｍillions of yen)Net salesOperating income marginCost of salesSelling, general and administrative expensesOperating income51,7291,8371,9962,2841,2621,3472,2792,5131,7702,0252,3633,3173,2633,2473,4083,1513,0723,1043,3543,3803,2203,7637,777 7,768 7,222 7,711 7,179 7,396 7,232 7,699 7,717 7,151 7,836 12,82312,86912,46613,40411,59211,81612,61513,56612,86912,39713,96213.5%14.3%16.0%17.0%10.9%11.4%18.1%18.5%13.8%16.3%16.9%03,0006,0009,00012,00015,000Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3FY2020FY2021FY2022Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpSales Trends by Region (Consolidated and Quarter) (millions of yen)Outside Japan sales ratioTotalNorth AmericaAsiaOthers65235693644734814264973354765335501,9701,8571,8161,6751,4761,6182,0082,2161,8441,9532,5491,4711,3741,0461,6711,6011,6771,2161,4472,0471,6991,8413,9653,8013,2273,8213,5593,7223,7223,9994,3674,1864,94130.9%29.5%25.9%28.5%30.7%31.5%29.5%29.5%33.9%33.8%35.4%02,0004,0006,000Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3FY2020FY2021FY2022Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpProgress Report (Consolidated and Quarter) (millions of yen)Progress rate to full-year resultProgress rate to full-year forecastNet sales progress ratio Operating incomeprogress ratio Net sales(millions of yen)Net salesOperating income12,823 25,693 38,160 51,564 11,592 23,408 36,024 49,590 12,869 25,266 39,229 53,5008,4005,5647,4013,5673,7957,8481,7291,2624,8882,6091,7706,158Note： Revisions to the consolidated earnings forecasts most recently announced： YesOperating income（forecast）724.9%49.8%74.0%100.0%23.4%47.2%72.6%100.0%24.1%47.2%73.3%22.0%45.5%70.9%100.0%17.1%35.3%66.0%100.0%21.1%45.2%73.3% – 10,000 20,000 30,000 40,000 50,000 60,000Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4FY2020FY2021FY2022Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpAssets / Liabilities, and a Total Equity (Consolidated) (millions of yen)(millions of yen)■Assets■Liabilities, and a Total EquityTotal assetsCash and depositsAccounts receivableSecuritiesInventoriesOther current assetsTangible fixed assetsIntangible fixed assets and investment and other assets Total liabilities and equityNotes and accountspayable-tradeShort-term and current portion of long-term loans payable Other current liabilitiesLong-term loans payableOther non-current liabilities Total equityInterest-bearing debt（millions of yen）Net interest-bearing debt （millions of yen）Equity ratio（％）13,83414,865▲ 12,072▲8,49170.571.5876,56679,5144,1182,77510,95711,9746,1575,3382,6042,6136,9407,727107,344109,946020,00040,00060,00080,000100,000120,000 FY2021FY2022Q320,82723,04121,49222,7694706089,33010,56813,99913,60015,31516,00125,90723,356107,344109,946020,00040,00060,00080,000100,000120,000 FY2021FY2022Q3Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpSales and Profit by Business Segments■ Sales Amount Constituent Ratio (millions of yen)Other956(2.4%)Housing materialsoperations12,772(32.6%)Exterior products11,748(30.0%)Inorganic chemicals9,247(23.6%)Chemicals operations25,499(65.0％)■ Segment Information(millions of yen)Interior, exterior finishes and paving materials1,024(2.6%)Organic chemicals8,909(22.7%)FY2022Consolidatedcumulative Q3net sales39,229Fine chemicals 7,343(18.7%)9ChangesFY2021FY2022Net salesChemicals operations21,98325,4993,51616.0% Housing materialsoperations13,35612,772▲ 584▲4.4% Segment profitChemicals operations3,8925,7341,84247.3% Housing materialsoperations2,2561,693▲ 563▲25.0% Consolidatedcumulative Q3IncreaseofamountCopyright © SHIKOKU CHEMICALS CORPORATIONSales and Profit by Business Segments(Consolidated and Quarter)www.shikoku.co.jp(millions of yen)Chemicals segment profit rateHousing materials segment profit rateChemicals segment profitHousing materials segment profit10Chemicals operationsnet salesHousing materials operations net salesChemicalssegment profitHousing materials segment profit 7,8547,8857,0927,3177,0517,2457,6867,8678,3918,0169,0914,8214,7725,1375,8884,3624,3494,6445,4044,0774,1224,5721,5141,4401,3621,3381,0931,0381,7611,7711,7531,8602,1207048221,0481,3906017359191,24947458363519.3%18.3%19.2%18.3%15.5%14.3%22.9%22.5%20.9%23.2%23.3%14.6%17.2%20.4%23.6%13.8%16.9%19.8%23.1%11.6%14.1%13.9%01,0002,0003,0004,000Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3FY2020FY2021FY2022Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpChemicals Operations Segment(millions of yen)Inorganic chemicals9,247(23.6%）FY2022Consolidatedcumulative Q3chemicals operationsnet sales25,499Fine chemicals 7,343(18.7%)Organic chemicals8,909(22.7%) Chlorinated Isocyanuric AcidVulcanizing agent for rubber【 Main products 】 Insoluble Sulfur■ Carbon Disulfide■ Sodium Sulfate ■ Sodium Sarbonate【 Main products 】for swimming pool andseptic tank disinfectants■ Hipolka【 Main products 】 Glicoat-SMDHeat-resistant OSP (Organic Solderability Preservative) for printed wiring boards ImidazolesImidazole derivatives for an epoxy resincuring agent and a raw material for pharmaceuticals and other applications;modifiers for high-added-value resins■ THEIC11Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpSales Trend of Chemicals Operations(Consolidated and Quarter)(millions of yen)Fine chemicalsOrganic chemicalsInorganic chemicals12Fine chemicalsOrganic chemicalsInorganic chemicals1,8442,8593,1492,1482,6593,0772,1591,9482,9841,9372,6792,7001,9842,8772,1891,8982,8672,4792,3032,4432,9392,5202,5202,8262,2433,2202,9282,2952,7712,9492,8042,9173,369 01,0002,0003,0004,0005,0006,0007,0008,0009,00010,000Q1Q2Q3Q4Q1Q2Q3Q4Q12Q3QFY2020FY2021FY2022Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpHousing Materials Operations Segment 【Main products】 Home Exterior ProductsGates, fences, garage and accordion gate Decorative Exterior ProductsLarge gates and fences, shelter, bicycle parking, garbage collection container and greening system(millions of yen)Exterior products11,748(30.0%)FY2022Consolidatedcumulative Q3housing materials operations net sales12,772【Main products】 Interior, Exterior Finishes and Paving MaterialsInterior, exterior finishes and paving materials1,024(2.6%)Large GatesInterior“Fun roof” （ Terrace ）1313Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpSales Trend of Housing Materials Operations(Consolidated and Quarter)(millions of yen)Exterior productsInterior, exterior finishesand paving materials4,4014,3554,7055,4924,0073,9944,2475,0373,7293,7974,221419417431396355355397367348324351Exterior productsInterior, exterior finishesand paving materials14 01,0002,0003,0004,0005,0006,0007,000Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3FY2020FY2021FY2022Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpSales/Operating Income Trend (Consolidated)(millions of yen)（forecast）SalesOperating incomeOperating income margin （forecast）【The Q3 of FY2022】Sales39,229 million yen(Progress ratio 73.3%)Note： Revisions to the consolidated earnings forecasts most recently announced： Yes（forecast）（forecast）Operating income6,158 million yen (Progress ratio 73.3％)1547,044 49,153 50,246 49,467 50,791 52,813 51,564 49,590 53,5006,113 6,106 7,973 7,855 8,167 8,049 7,848 7,401 8,40013.0%12.4%15.9%15.9%16.1%15.2%15.2%14.9%15.7%010,00020,00030,00040,00050,00060,000FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY20225,3105,6204,0054,9295,7894,9195,00012.9%12.9%9.9%12.3%13.9%12.0%010,00020,00030,00040,00050,000売上高営業利益営業利益率（百万円）Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpContact InformationCorporate Planning Dept. SHIKOKU CHEMICALS CORPORATIONTEL：+81-(0)877-21-4119FAX：+81-(0)877-22-0411www.shikoku.co.jp[Note Regarding This Document]Forward-looking statements or projections mentioned in this document, including earnings are based on currently available information and actual results may differ from the projection due to various factors.Further, the purpose of this material is to provide information to the investors, and not to serve as a recommendation to buy or to sell. Please note that Shikoku Chemicals Corporation will not be responsible for the consequences of investments etc.