ＫＨネオケム（4189） – Summary of Financial Results 2021

2022/02/07 12:58:03 / SB004145_ＫＨネオケム株式会社_適時開示書類本文Note: This document has been translated from 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.Company name:KH Neochem Co., Ltd.Listing:Tokyo Stock ExchangeSecurities code:4189URL:https://www.khneochem.co.jp/en/Representative:Michio Takahashi, Representative Director, President & Chief Executive OfficerInquiries:Masaya Hamamoto, Board Director, Senior Corporate Officer & Chief Financial OfficerTelephone:+81-3-3510-3550Scheduled date of ordinary general meeting of shareholders:March 24, 2022Scheduled date to commence dividend payments:March 25, 2022Scheduled date to file annual securities report:March 24, 2022Preparation of supplementary material on financial results:NoneHolding of financial results briefing:Yes (for institutional investors and securities analysts)Net salesOperating incomeOrdinary incomeNet income attributableto owners of parentFiscal year endedMillions of yen%Millions of yen%Millions of yen%Millions of yen%December 31, 2021117,11051.419,685248.919,809252.013,691238.3December 31, 202077,332(17.9)5,642(41.0)5,627(43.1)4,046(41.5)Basic earningsper shareDiluted earningsper shareReturn on equityRatio of ordinary income to total assetsRatio of operating income to net salesFiscal year endedYenYen%%%December 31, 2021368.95－27.918.216.8December 31, 2020109.12109.029.65.77.3Total assetsNet assetsEquity ratioNet assets per shareAs ofMillions of yenMillions of yen%YenDecember 31, 2021122,06957,50545.01,480.27December 31, 202095,50845,88445.41,168.62February 7, 2022Consolidated Financial Resultsfor the Fiscal Year Ended December 31, 2021(Under Japanese GAAP)(Yen amounts are rounded down to millions, unless otherwise noted.)1. Consolidated Financial Results for the Fiscal Year Ended December 31, 2021 (from January 1, 2021 to December 31, 2021)(1) Consolidated Operating Results (Percentages indicate year-on-year changes.)Note: Comprehensive income For the fiscal year ended December 31, 2021: ¥13,955 million [204.2 %]For the fiscal year ended December 31, 2020: ¥4,586 million [(37.5)%]Reference:Share of profit of entities accounted for using equity methodFor the fiscal year ended December 31, 2021: ¥258 millionFor the fiscal year ended December 31, 2020: ¥132 million(2) Consolidated Financial PositionReference: Equity As of December 31, 2021: ¥54,917 millionAs of December 31, 2020: ¥43,380 million2022/02/07 12:58:03 / SB004145_ＫＨネオケム株式会社_適時開示書類本文Cash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodFiscal year endedMillions of yenMillions of yenMillions of yenMillions of yenDecember 31, 202117,402(4,395)(5,168)16,934December 31, 20206,931(11,182)(4,530)9,066Annual dividends per shareTotal cash dividends (Annual)Dividend payout ratio(Consolidated)Dividend on net assets ratio (Consolidated)First quarter-endSecond quarter-endThird quarter-endFiscalyear-endTotalFiscal year endedYenYenYenYenYenMillions of yen%%December 31, 2020－30.00－30.0060.002,22855.05.3December 31, 2021－30.00－45.0075.002,78620.35.7Fiscal year endingDecember 31, 2022 (Forecast)－42.50－42.5085.0027.4Net salesOperating incomeOrdinary incomeNet income attributable to owners of parentBasic earningsper shareMillions of yen%Millions of yen%Millions of yen%Millions of yen%YenSix months endingJune 30, 202257,600－6,800(12.8)6,900(14.5)4,900(13.2)132.07Full year123,300－16,100(18.2)16,400(17.2)11,500(16.0)309.97(3) Consolidated Cash Flows2. Cash Dividends3. Forecasts of Consolidated Financial Results for the Fiscal Year Ending December 31, 2022 (from January 1, 2022 to December 31, 2022)(Percentages indicate changes from the previous corresponding period.)Note: The percentage changes from the previous year of net sales are not listed, because the above forecasts of consolidated financial results are after the adoption of the ASBJ Guidance No. 29 “Accounting Standard for Revenue Recognition” which will be applied from the beginning of the fiscal year ending December 31, 2022.2022/02/07 12:58:03 / SB004145_ＫＨネオケム株式会社_適時開示書類本文As of December 31, 202137,149,400 sharesAs of December 31, 202037,149,400 sharesAs of December 31, 202150,004 sharesAs of December 31, 202028,379 sharesFiscal year ended December 31, 202137,108,058 sharesFiscal year ended December 31, 202037,079,495 sharesNet salesOperating incomeOrdinary incomeNet incomeFiscal year endedMillions of yen%Millions of yen%Millions of yen%Millions of yen%December 31, 2021109,41054.418,769265.318,783254.513,190229.1December 31, 202070,845(18.8)5,138(42.6)5,298(43.3)4,007(40.3)Basic earningsper shareDiluted earningsper shareFiscal year endedYenYenDecember 31, 2021355.45－December 31, 2020108.08107.98* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None(2) Changes in accounting policies, changes in accounting estimates, and restatement① Changes in accounting policies due to revisions to accounting standards and other regulations: None② Changes in accounting policies due to other reasons: None③ Changes in accounting estimates: None④ Restatement: None(3) Number of issued shares (common shares)① Total number of issued shares at the end of the period (including treasury stock)② Number of treasury stock at the end of the period(Note) Total number of treasury stock at the end of the period includes the number of the Company’s shares held by the Company’s Board Benefit Trust (BBT) (December 31, 2021: 49,600 shares, December 31, 2020: 28,000 shares).③ Average number of shares outstanding during the period(Note) The number of treasury stock deducted in the calculation of Average number of shares during the period includes the number of the Company’s shares held by Board Benefit Trust (BBT) (Fiscal year ended December 31, 2021: 40,947 shares, Fiscal year ended December 31, 2020: 21,316 shares).(Reference) Overview of Non-Consolidated Financial Results1.Non-Consolidated Financial Results for the Fiscal Year Ended December 31, 2021 (from January 1, 2021 to December 31, 2021)(1)Non-Consolidated Operating Results(Percentages indicate year-on-year changes.)2022/02/07 12:58:03 / SB004145_ＫＨネオケム株式会社_適時開示書類本文Total assetsNet assetsEquity ratioNet assets per shareAs ofMillions of yenMillions of yen%YenDecember 31, 2021115,79651,29844.31,382.72December 31, 202090,06240,54145.01,092.13(2)Non-Consolidated Financial PositionReference: Equity As of December 31, 2021: ¥51,298 million As of December 31, 2020: ¥40,541 millionThe previous fiscal year (FY2020), there were substantial decrease of sales volume and decline of sales prices due to slumping demand in Japan and overseas caused by the spread of COVID-19. On the other hand, the current fiscal year (FY2021), net sales and profits significantly improved by significant expansion of the demand for our products, tighten of the supply-demand balance and soaring of the overseas markets.These resulted in differences between the results of FY2020 and the results of FY2021.* Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.* Proper use of earnings forecasts, and other special mattersEarnings forecasts and other forward-looking statements included in this document are based on the information currently available to the Company and certain assumptions deems reasonable, and the Company makes no commitments regarding their achievability. Actual business results may differ materially from the forecast due to variety of factors.* How to obtain the financial results briefing materialsThe Company is scheduled to hold a web conference for institutional investors and securities analysts on February 7, 2022. The materials of the web conference will be posted on the Company’s website.