Arakawa Chemical Industries : Consolidated Financial Results for the Three Months Ended June 30, 2023

Consolidated Financial Results

for the Three Months Ended June 30, 2023

[Japanese GAAP]

August 3, 2023

Company name: ARAKAWA CHEMICAL INDUSTRIES, LTD.

Stock exchange listing: Tokyo Stock Exchange

Code number: 4968

URL: https://www.arakawachem.co.jp/

Representative: Takashi Une, Representative Director and President

Contact: Toru Nobuhiro, Managing Director and General Manager of Administrative H.Q.

Phone: [phone]

Scheduled date of filing quarterly securities report: August 9, 2023

Scheduled date of commencing dividend payments: -

Availability of supplementary explanatory materials on quarterly financial results: Available

Schedule of quarterly financial results briefing session: Not scheduled

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Three Months Ended June 30, 2023 (April 1, 2023 - June 30, 2023)

(1) Consolidated Operating Results				(% indicates changes from the previous corresponding period.)
				Net sales		Operating profit		Ordinary profit			Profit attributable
							to owners of parent
	Three months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%			Millions of yen	%
	June 30, 2023	17,298	(18.3)			(834)	-		(670)	-			(314)	-
	June 30, 2022	21,161	7.7			571	(66.4)		722	(60.5)			376	(70.4)
	(Note) Comprehensive income: Three months ended June 30, 2023: ¥ 212 million [(71.5)%]
				Three months ended June 30, 2022: ¥ 743 million [(63.7)%]
				Basic earnings			Diluted earnings
				per share			per share
	Three months ended				Yen				Yen
	June 30, 2023				(15.84)				-
	June 30, 2022				19.00				-
(2) Consolidated Financial Position
				Total assets			Net assets		Equity ratio
					Millions of yen	Millions of	yen				%
	As of June 30, 2023				118,322		56,264		45.9
	As of March 31, 2023				119,035		56,509		45.4

(Reference) Equity: As of June 30, 2023: ¥ 54,274 million As of March 31, 2023: ¥ 54,082 million

2. Dividends

				Annual dividends
	1st quarter-end	2nd quarter-end		3rd quarter-end	Year-end	Total
		Yen	Yen		Yen	Yen	Yen
Fiscal year ended		-	24.00		-	24.00	48.00
March 31, 2023
Fiscal year ending		-
March 31, 2024
Fiscal year ending
March 31, 2024			24.00		-	24.00	48.00
(Forecast)

(Note) Revision to the forecast for dividends announced most recently: None

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 - March 31, 2024)

(% indicates changes from the previous corresponding period.)

							Profit attributable	Basic earnings
	Net sales		Operating profit	Ordinary profit		to owners of
				per share
							parent
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
First half	40,000	(4.1)	(2,000)	－	(2,100)	－	(1,800)	－	(90.73)
(cumulative)
Full year	83,000	4.5	(1,800)	－	(2,000)	－	(1,800)	－	(90.73)
(Note) Revision to the financial results forecast announced most recently: None

* Notes:

1. Changes in significant subsidiaries during the period under review: None (Changes in specified subsidiaries resulting in changes in scope of consolidation) Newly included: - companies (Company name)
   Excluded: - companies (Company name)
2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:
   None
3. Changes in accounting policies, changes in accounting estimates and retrospective restatement
4. 1. Changes in accounting policies due to the revision of accounting standards: None
   2. Changes in accounting policies other than 1) above: None
   3. Changes in accounting estimates: None
   4. Retrospective restatement: None
5. Total number of issued shares (common shares)
6. 1. Total number of issued shares at the end of the period (including treasury shares):

June 30, 2023:	20,652,400 shares
March 31, 2023:	20,652,400 shares
2) Total number of treasury shares at the end of the period:
June 30, 2023:	813,491 shares
March 31, 2023:	813,491 shares
3) Average number of shares during the period:
Three months ended June 30, 2023:	19,838,909 shares
Three months ended June 30, 2022:	19,839,009 shares

• These quarterly consolidated financial results are outside the scope of quarterly review by certified public accountants or an audit firm.
• Explanation on the proper use of financial results forecast and other special notes

Forward-looking statements, including financial results forecasts, contained in this document are based on information currently available to the Company and certain assumptions deemed reasonable. Therefore, these statements do not constitute a guarantee that they will be realized. Actual results may differ materially from these statements due to various factors.