VALQUA : released Supplementary Materials of its FY ended March 2020 3rd Quarter results.

January 29, 2020

― Supplementary Materials of Consolidated Financial Results ―

The Third Quarter of the Fiscal Year Ending March 31, 2020

・The fluctuation rates (%) in this material are calculated using the unit of Yen, to the extent possible, so they may differ from values calculated using the unit of Millions of yen.

・The unit of values in this material is Millions of yen unless otherwise specified.

Business Results & Balance Sheet Summary

FY2020.3

3Q

Results Summary

FY2018.3	FY2019.3	FY2020.3
1-3Q
1-3Q	1-3Q
(YoY)

Net Sales	35,161	38,709	36,561
			(▲5.5%)
Gross	12,962	14,498	13,778
Profit
		(▲5.0%)
Operating	4,049	4,389	3,352
Profit
		(▲23.6%)
Profit Attributable	2,758	3,087	2,393
to Owners
of Parent			(▲22.5%)
Gross	36.9%	37.5%	37.7%
Profit Margin
Operating	11.5%	11.3%	9.2%
Profit Margin
Earnings per	156.17	175.57	136.06
Share

Balance Sheet Summary

	End of	End of	End of
	FY2018.3	FY2019.3	FY2020.3
	3Q	3Q	3Q
Assets	48,719	49,545	48,865
Equity	31,598	32,325	33,467
Cash and	5,867	6,347	5,067
Deposits
Interest-	4,547	4,297	3,264
Bearing Debt
Net Interest-	▲1,320	▲2,050	▲1,803
Bearing Debt
Equity Ratio	64.9%	65.2%	68.5%
Debt Equity	0.14	0.13	0.10
Ratio

Business Results

--- Details

Sales by	FY2018.3	FY2019.3	FY2020.3
Industrial	1-3Q
1-3Q	1-3Q
Market	(YoY)
Tech	BY	BY	11.9BY
Market	11.0	13.2	(▲9.8%)
Machinery	BY	BY	12.7BY
Market	12.6	13.7	(▲7.3%)
Plant	BY	BY	11.6BY
Market	11.3	11.4	(＋1.8%)
		(BY=Billions of yen)
Sales by	FY2018.3	FY2019.3	FY2020.3
1-3Q
Region	1-3Q	1-3Q
(YoY)
Japan	25,627	27,802	25,803
			(▲7.2%)
Sales Ratio	72.9%	71.8%	70.6%
Overseas	9,533	10,907	10,758
			(▲1.4%)
Sales Ratio	27.1%	28.2%	29.4%

FY2020.3

				3Q
Results by	FY2018.3	FY2019.3	FY2020.3
1-3Q
Segment	1-3Q	1-3Q
(YoY)
	Sales	24,004	25,464	24,105
	Net
Seal				(▲5.3%)
Segment	3,534	3,552	2,555
Products
Business	Profit			(▲28.1%)
	Profit	14.7%	14.0%	10.6%
	Margin
	Net	9,144	10,732	10,058
High	Sales			(▲6.3%)
Performance
Segment	351	556	520
Plastics
Products	Profit			(▲6.4%)
Business
Profit	3.8%	5.2%	5.2%
	Margin
	Net	2,012	2,512	2,397
	Sales	(▲4.6%)
Other	Segment	163	280	276
Business
Profit	(▲1.6%)
	Profit	8.1%	11.2%	11.5%
	Margin

Business Results

--- Quarterly Transition

FY2020.3

3Q

	FY2018.3	FY2018.3	FY2019.3	FY2019.3	FY2019.3	FY2019.3	FY2020.3	FY2020.3	FY2020.3
	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q
Net Sales	11,882	12,430	13,245	12,838	12,625	12,533	12,619	12,296	11,645
Gross	4,319	4,552	5,072	4,812	4,614	4,595	4,962	4,485	4,331
Profit
Operating	1,309	1,325	1,741	1,465	1,182	1,220	1,543	1,001	807
Profit
Profit	859	1,074	1,275	1,078	733	999	1,091	724	577
Attributable to
Owners
of Parent
Gross	36.3%	36.6%	38.3%	37.5%	36.5%	36.7%	39.3%	36.5%	37.2%
Profit Margin
Operating	11.0%	10.7%	13.2%	11.4%	9.4%	9.7%	12.2%	8.1%	6.9%
Profit Margin