Nippon Shinyaku : Outline of Consolidated Financial Results for the First Quarter Ende

Outline of Consolidated Financial Results for the First Quarter Ended June 30, 2023(IFRS)

August 10, 2023

Name of the listed company: NIPPON SHINYAKU CO., LTD.	Listing stock exchange: Tokyo
Code No.: 4516		URL https://www.nippon-shinyaku.co.jp/
Representative: Toru Nakai, President and Representative Director
Contact: Hideyuki Fujii, Department Manager and Finance & Accounting Dept.	Tel. [phone]
Scheduled date for submission of quarterly Securities Report: August 14, 2023
Scheduled start of payment:	－
Supplementary material:	Yes
Financial result meeting:	Yes (for institutional investors and securities analysts on conference call)

* All amounts are rounded down to the nearest million yen.

1. Consolidated Results for the Year Ended June 30, 2023 (April 1, 2023 to June 30, 2023)
(1) Operating results																(¥ million)
		Revenue	Operating profit	Profit before tax	Profit		Profit attributable	Comprehensive
			to owners of		income
													parent
Three months ended		%			%		%			%			%		%
June 30, 2023	37,012	3.9	11,163	8.6	11,440	8.8	8,751		6.0	8,749	6.1	10,705	28.7
Three months ended
June 30, 2022	35,619	(13.1)	10,276	(37.9)	10,514	(37.3)	8,253	(34.5)	8,249	(34.5)	8,315	(27.1)
		Earnings per share (¥)
		Basic	Diluted
Three months ended
June 30, 2023	129.91		－
Three months ended
June 30, 2022	122.48		－
Note: Equity-method investments: not applicable
(2) Financial position																(¥ million)
									Total equity attributable to	Ratio of equity
		Total assets		Total equity	attributable to owners of
										owners of parent		parent to total assets
As of June 30, 2023			237,408			202,799				202,489					85.3%
As of March 31, 2023			237,451			195,933				195,625					82.4%
2. Dividends
									Annual dividends per share (¥)
					1st quarter	2nd quarter	3rd quarter	Year-end		Annual
Year ended March 31, 2023						－		57.00			－			57.00			114.00
Year ending March 31, 2024					－
Year ending								60.00			－			60.00			120.00
March 31, 2024 (forecast)
3. Business Forecast for the Year Ending March 31, 2024 (April 1, 2023 to March 31, 2024)					(¥ million)
			Revenue	Operating profit	Profit before tax		Net income	Basic earnings per
			attributable to
				share (¥)
												owners of the parent
				%			%			%				%
First-half period	71,500	0.5	16,000	(16.5)	16,200	(16.5)	12,400	(18.5)			184.10
Full term	145,000	0.5	32,000	6.5	32,500	6.6	25,000		9.6			371.18

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4. Others

1. Changes in the scope of consolidation Inclusion: None
   Exclusion: None

Note: Changes in specified subsidiaries involved changes in the scope of consolidation

1. Changes in accounting policies and accounting estimates, and restatement
2. 1. Changes in accounting policies arising from revision of accounting standards: None
   2. Changes in arising from other factors: None
   3. Changes in accounting estimates: None
3. Number of shares outstanding (ordinary shares) Number of shares outstanding (including treasury stock)

As of June 30, 2023:	70,251,484 shares
As of March 31, 2023:	70,251,484 shares
Number of shares of treasury stock
As of June 30, 2023:	2,898,645 shares
As of March 31, 2023:	2,898,610 shares

Average number of shares outstanding (total for the consolidated period)

As of June 30, 2023:	67,352,866 shares
As of June 30, 2022:	67,353,034 shares

Note:

This summary of quarterly financial results is exempt from the quarterly review procedures under the Financial Instruments and Exchange Act. At the time of disclosure, published figures in this financial release have not been completed to a quarterly review of financial statements based on the Financial Instruments and Exchange Law.

This financial release contains certain statements about the future, which are based information available and deemed reasonable to Nippon Shinyaku at the time of announcement, and are not the commitments made by Nippon Shinyaku.

Readers are advised that actual results may differ substantially from the above forecasts due to various unforeseeable factors.

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5. Consolidated Financial Statement

(1) Consolidated Balance Sheet

		(Millions of yen)
	As of March 31, 2023	As of June 30, 2023
Assets
Current assets
Cash and cash equivalents	60,047	55,251
Trade and other receivables	44,686	45,752
Inventories	36,358	35,518
Other financial assets	11,554	11,568
Other current assets	5,225	6,680
Total current assets	157,873	154,771
Non-current assets
Property, plant and equipment	32,215	31,272
Intangible assets	17,155	18,205
Right-of-use assets	2,779	2,482
Other financial assets	22,308	25,119
Deferred tax assets	3,241	2,776
Other non-current assets	1,877	2,780
Total non-current assets	79,578	82,636
Total assets	237,451	237,408

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		(Millions of yen)
	As of March 31, 2023	As of June 30, 2023
Liabilities and equity
Liabilities
Current liabilities
Trade and other payables	20,538	16,361
Other financial liabilities	314	338
Lease liabilities	1,516	1,410
Income taxes payable	6,131	2,283
Other current liabilities	6,682	8,262
Total current liabilities	35,183	28,655
Non-current liabilities
Other financial liabilities	232	232
Lease liabilities	1,148	971
Retirement benefit liability	4,895	4,691
Other non-current liabilities	57	57
Total non-current liabilities	6,334	5,953
Total liabilities	41,518	34,609
Equity
Share capital	5,174	5,174
Capital surplus	4,445	4,445
Retained earnings	180,433	185,344
Treasury shares	(2,480)	(2,480)
Other components of equity	8,052	10,006
Total equity attributable to owners of parent	195,625	202,489
Non-controlling interests	307	309
Total equity	195,933	202,799
Total liabilities and equity	237,451	237,408

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(2) Consolidated Statements of Income

		(Millions of yen)
	Three months ended	Three months ended
	June 30, 2022	June 30, 2023
Revenue	35,619	37,012
Cost of sales	13,928	12,962
Gross profit	21,690	24,050
Selling, general and administrative expenses	8,200	8,418
Research and development expenses	4,738	5,911
Other income	1,652	1,572
Other expenses	128	129
Operating profit	10,276	11,163
Finance income	266	298
Finance costs	28	21
Profit before tax	10,514	11,440
Income tax expense	2,260	2,688
Profit	8,253	8,751
Profit attributable to
Owners of parent	8,249	8,749
Non-controlling interests	4	2
Profit	8,253	8,751
Earnings per share
Basic earnings per share	122.48	129.91

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