四国化成工業（4099） – Financial Results for the FY2022/3

Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpFinancial Results for the FY2022/3（April 1, 2021-March 31, 2022）April 28, 2022Code number：40991ContentsCorporate Profile Highlights of Financial Results for FY2022/3Financial Results Trend (consolidated and full-year) Sales Trends by Region (consolidated and full-year) Financial Results Trend (consolidated and quarter) Financial Results (consolidated and quarter)Assets (consolidated) Liabilities, and a Total Equity (consolidated) Cash Flow Overview (consolidated) Capital Investment, Depreciation, R&D Expenses (consolidated)Forecast for FY2022/12 (consolidated)Sales and Profit by Business Segments Chemicals Operations SegmentHousing Materials Operations Segment ･･･ 3･･･ 4･･･ 5･･･ 6･･･ 7･･･ 8･･･ 9･･･ 10･･･ 11･･･ 12･･･ 13･･･ 14～16･･･ 17～18･･･ 19～202Copyright © SHIKOKU CHEMICALS CORPORATIONCorporate Profilewww.shikoku.co.jp▼Company Overview■Company name■Incorporated■Lines of businessSHIKOKU CHEMICALS CORPORATIONOctober 10, 1947；The 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〔Japan〕 2 branches,7 sales offices〔Overseas〕 U.S.A, China (Shanghai, Shenzhen), Taiwan, Singapore6,867 million yen■Number of employees Consolidated 1,210 Non-Consolidated 619（as of March 31, 2022）■Capital▼Share of Stock■Issued shares54 million shares ■Number of shareholders 3,986（as of March 31, 2022）▼SHIKOKU CHEMICALS CORPORATION Group〔Overseas〕 1 Consolidated subsidiary and 1 unconsolidated subsidiary〔Japan〕 13 Consolidated subsidiaries・SHIKOKU INTERNATIONAL CORPORATION・Nippon Ryutan Kogyo Co., Ltd. ・Shikoku Environmental Business Company ・Shikoku Analytical Laboratories・SHIKOKU KOSAN CORPORATION・Shikoku Foods & Insurance Service Co., Ltd.・SHIKOKU CHEMICALS CORPORATION CHEMICALS OPERATIONS SPLIT PREPARATION CORPORATION・SHIKOKU CHEMICALS CORPORATION HOUSING MATERIAL OPERATIONS SPLIT PREPARATION CORPORATION・SHIKOKU CHEMICALS CORPORATION SHARED SERVICES SPLIT PREPARATION CORPORATION・SHIKOKU KEIZAI CORPORATION・SHIKOKU KEIZAI KANTO CORPORATION ・NIHON KOHKI CORPORATION・SHIKOKU SYSTEM KOHBOH CORPORATION・Shikoku Foods & Trading Company・Shikoku (Shanghai) Co., Ltd. (Unconsolidated）3Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpHighlights of Financial Results for FY2022/3 (millions of yen)The exchange rates given above are average rates for the period from April to March.4AmountPercentageAmountPercentageNet sales49,590100.0%54,137100.0%4,5479.2% Operating income7,40114.9%8,40015.5%99913.5% Ordinary income7,99716.1%9,29117.2%1,29416.2% Net income attributableto owners of the parent5,76011.6%6,87812.7%1,11819.4% Exchange rate (USD)106112Exchange rate (EUR)122131FY2021/3FY2022/3Increase ofamountChangesCopyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpFinancial Results Trend (consolidated and full-year) (ｍillions of yen)Net salesOperating income marginCost of salesSelling, general and adminis-trativeexpensesOperating income55,2626,1136,1067,9737,8558,1678,0497,8487,4018,40010,15211,47711,75012,37112,37512,70613,08313,23612,68214,37427,087 29,452 31,296 29,902 29,236 29,917 31,681 30,479 29,506 31,363 42,50247,04449,15350,24649,46750,79152,81351,56449,59054,13712.4%13.0%12.4%15.9%15.9%16.1%15.2%15.2%14.9%15.5%010,00020,00030,00040,00050,00060,000FY2013/3FY2014/3FY2015/3FY2016/3FY2017/3FY2018/3FY2019/3FY2020/3FY2021/3FY2022/3Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpSales Trends by Region (consolidated and full-year) (ｍillions of yen)Exchange rate (USD)Exchange rate (EUR)82100109121108111111109106112106132139133120128129122122131Outside Japan sales ratioTotalNorth AmericaAsiaOthers68501,2711,9002,1882,2152,7482,4941,9311,7412,1307,4579,4849,6219,1338,1007,9827,8567,3207,3198,3724,0114,7805,4025,6005,8114,6665,5935,5645,9438,46512,31815,53616,92416,92216,12615,39715,94314,81515,00418,96829.0%33.0%34.4%33.7%32.6%30.3%30.2%28.7%30.3%35.0%04,0008,00012,00016,00020,000FY2013/3FY2014/3FY2015/3FY2016/3FY2017/3FY2018/3FY2019/3FY2020/3FY2021/3FY2022/3Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpFinancial Results Trend (consolidated and quarter) (ｍillions of yen)Net salesOperating incomemarginCost of salesSelling, general and adminis-trativeexpensesOperating income71,7291,8371,9962,2841,2621,3472,2792,5131,7702,0252,3632,2413,3173,2633,2473,4083,1513,0723,1043,3543,3803,2203,7634,0097,777 7,768 7,222 7,711 7,179 7,396 7,232 7,699 7,717 7,151 7,836 8,658 12,82312,86912,46613,40411,59211,81612,61513,56612,86912,39713,96214,90813.5%14.3%16.0%17.0%10.9%11.4%18.1%18.5%13.8%16.3%16.9%15.0%03,0006,0009,00012,00015,0001Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4QFY2020/3FY2021/3FY2022/3Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpFinancial Results (consolidated and quarter) (ｍillions of yen)8year-on yearchangesyear-on yearchangesyear-on yearchangesyear-on yearchangesyear-on yearchanges1,2765811,3471,3424,547(+11.0%)(+4.9%)(+10.7%)(+9.9%)(+9.2%)50867883▲ 271999(+40.3%)(+50.4%)(+3.7%)(▲10.8%)(+13.5%)534759221▲ 2221,294(+37.1%)(+55.0%)(+9.3%)(▲8.0%)(+16.2%)405613▲ 1362351,118(+42.8%)(+62.7%)(▲6.9%)(+12.8%)(+19.4%)1Q2Q3Q4QFY2022/354,137Operating income1,7702,0252,3632,2418,400Net sales12,86912,39713,96214,9089,291Net income attributableto owners of the parent1,3511,5911,8502,0846,878Ordinary income1,9752,1402,6052,569Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpAssets (consolidated)(ｍillions of yen)Total assetsCash and depositsAccounts receivableSecuritiesInventoriesOther current assetsTangible fixed assetsIntangible fixed assets and Investment and other assets9ＲＯＡ（％）7.65.95.85.56.218,82915,83918,47720,82723,77119,69519,51519,31521,49222,3661773092824708688,3899,44010,0609,33011,1043,80011,00013,99915,60015,45116,64615,15215,31516,93827,87226,64126,60725,90723,15590,41792,191100,896107,344113,805020,00040,00060,00080,000100,000120,000FY2018/3FY2019/3FY2020/3FY2021/3FY2022/3Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpLiabilities, and a Total Equity (consolidated)(ｍillions of yen)Total liabilities and equityNotes and accounts payable-tradeShort-term and Current portion of long-term loans payable Other current liabilitiesLong-term loans payableOther non-current liabilities Total equityROE（％）interest-bearing debtnet interest-bearing debt Ratio of equity attributable to owners of the parent (%)10.33,8067.93,7688.07.98.810,83813,83415,899▲ 24,066 ▲ 22,872▲15,769▲12,072▲7,25674.475.570.270.570.31068,02970,37071,64776,56680,9084,7934,4324,3434,1182,7711,5206807,15710,95711,0175,8494,9927,3786,1576,0392,0502,8443,4232,6044,6048,1748,8706,9456,9408,46590,41792,191100,896107,344 113,805020,00040,00060,00080,000100,000120,000FY2018/3FY2019/3FY2020/3FY2021/3FY2022/3Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpCash Flow Overview (consolidated)(ｍillions of yen)Operating activitiesFree cash flowInvesting activities11▲4,146▲4,174▲6,018▲2,999▲5,0879,6765,9847,3857,4115,0895,5291,8101,3674,4112▲6,000▲4,000▲2,00002,0004,0006,0008,00010,000FY2018/3FY2019/3FY2020/3FY2021/3FY2022/3Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpCapital Investment, Depreciation, R&D Expenses (consolidated)(ｍillions of yen)Capital investmentDepreciation R&D expenses1201,0002,0003,0004,0005,0006,000FY2018/3FY2019/3FY2020/3FY2021/3FY2022/3FY2022/12ForecastFY2018/3FY2019/3FY2020/3FY2021/3FY2022/3FY2022/12ForecastCapitalinvestment1,6282,0731,9614,1063,5994,477Depreciation2,3182,2812,1891,8352,0902,368R&Dexpenses1,3101,2951,3381,2071,3921,259Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpForecast for FY2022/12 (consolidated)(millions of yen)Due to change in fiscal year-end, the next fiscal year will be a transitional period of ninemonths from April 1,2022 to December 31,2022.Therefore, the forecast of consolidated financial results for the year ending December 31,2022 represents nine-month forecast figures. 13FY2022/12(Apr.-Dec.)（Forecast）FY2022/3(Apr.-Mar.)(Result)Net sales46,00054,137Operating income5,8008,400Ordinary income6,1009,2913,7006,878120112130131Exchange rateUSDEURNet income attributableto owners of the parentCopyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpSales and Profit by Business Segments■ Sales Amount Constituent Ratio (ｍillions of yen)Others1,181(2.2%)Exterior products16,565(30.6%)Inorganic chemicals12,192(22.5%）Housingmaterialsoperations17,961(33.2%)Chemicals operations34,995(64.6％)FY2022/3ConsolidatedNet sales54,137Fine chemicals 9,778(18.1%)Interior, exterior finishes and paving materials1,395(2.6%)Organic chemicals13,023(24.0%)■ Segment Information(ｍillions of yen)14FY2021/3FY2022/3Increase ofamountChangesNet salesChemical operations29,85034,9955,14517.2% 18,76017,961▲ 799▲4.3% Segment profitChemical operations5,6647,5451,88133.2% 3,5052,576▲ 929▲26.5% Housing MaterialsoperationsHousing MaterialsoperationsCopyright © SHIKOKU CHEMICALS CORPORATIONSales and Profit by Business Segments(consolidated and full-year)www.shikoku.co.jp(ｍillions of yen)Chemicals segment profit rateHousing materials segment profit rateChemicals segment profitHousing materials segment profit15Chemical operations net salesHousing materials operations net salesChemical segment profitHousing materials segment profit 30,70119,3766,5733,44931,87920,1246,3383,52730,15020,6195,6563,96629,85018,7605,6643,50534,99517,9617,5452,5763,4493,5273,9663,5052,5766,573 6,338 5,656 5,664 7,545 21.4%19.9%18.8%19.0%21.6%17.8%17.5%19.2%18.7%14.3%02,0004,0006,0008,00010,00012,00014,000FY2018/3FY2019/3FY2020/3FY2021/3FY2022/3Copyright © 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 profit16Chemical operations net salesHousing materials operations net salesChemical segment profitHousing materials segment profit 7,8547,885 7,0927,317 7,051 7,245 7,686 7,8678,391 8,016 9,0919,4954,8211,5144,772 5,1371,440 1,3625,888 4,362 4,349 4,644 5,4041,338 1,093 1,038 1,761 1,7714,077 4,122 4,5721,753 1,860 2,1205,1881,810704822 1,0481,390601735919 1,24947458363588319.3%18.3%19.2%18.3%15.5%14.3%22.9%22.5%20.9%23.2%23.3%19.1%14.6%17.2%20.4%23.6%13.8%16.9%19.8%23.1%11.6%14.1%13.9%17.0%01,0002,0003,0004,0001Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4QFY2020/3FY2021/3FY2022/3Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpChemicals Operations Segment(ｍillions of yen)Inorganic chemicals12,192(22.5 %）FY2022/3ConsolidatedChemicals operationsnet sales34,995Fine chemicals 9,778(18.1%)Organic chemicals13,023(24.0%) Chlorinated Isocyanuric Acid Vulcanizing agent for rubber【 Main products 】 Insoluble Sulfur■ Carbon Disulfide■ Sodium Sulfate ■ Sodium Carbonate【 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■ THEIC17Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpSales Trend of Chemical Operations(consolidated and quarter)(ｍillions of yen)Fine chemicalsOrganic chemicalsInorganic chemicals18Fine chemicalsOrganic chemicalsInorganic chemicals1,844 2,148 2,159 1,937 1,984 1,898 2,303 2,520 2,2432,859 2,659 1,948 2,679 2,877 2,867 2,443 2,520 3,2203,149 3,077 2,984 2,700 2,189 2,479 2,939 2,826 2,9282,295 2,804 2,4352,771 2,917 4,1142,949 3,369 2,945 01,0002,0003,0004,0005,0006,0007,0008,0009,00010,0001Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q４Q FY2020/3FY2021/3FY2022/3Copyright © 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【Main products】 Interior, Exterior Finishes and Paving MaterialsInterior, exterior finishes and paving materials1,395(2.6%)(ｍillions of yen)Exterior products16,565(30.6%)FY2022/3Consolidatedhousing materials operations net sales17,961InteriorGarbage collection containerFence19Copyright © SHIKOKU CHEMICALS CORPORATIONwww.shikoku.co.jpSales Trend of Housing Materials Operations(consolidated and quarter)(ｍillions of yen)Exterior productsInterior, exterior and paving materials4,401 4,3554174194,705 5,492 4,0073553964313,994 4,247 5,037 3,729 3,797 4,221 4,817371348367397355351324Exterior productsInterior, exterior finishes and paving materials20 01,0002,0003,0004,0005,0006,0007,0001Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4QFY2020/3FY2021/3FY2022/3Copyright © 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.21