Consolidated Financial Results
For the Second Quarter of the Year Ending March 31, 2021
(Japan GAAP)
October 30, 2020
Company name: Nippon Light Metal Holdings Company, Ltd.

Stock exchange listing: First Section of Tokyo

Code number: 5703URL: https://www.nikkeikinholdings.com/

Representative: Ichiro OKAMOTO,

President & Chief Executive Officer

The expected date for filing of securities report: November 6, 2020

The expected date of dividends payment:-Additional documents to supplement quarterly financial results: Yes

Quarterly IR presentation: Yes(for analysts and institutional investors)(Amounts less than one million yen are rounded off)

1. Consolidated Financial Results for the Six Months Ended September 30, 2020

(April 1, 2020－September 30, 2020)(1) Consolidated Results of Operations (Accumulated Total)(% : changes from the same period of the previous fiscal year)
Profit attributable
Net sales
Operating profit
Ordinary profit
to owners of parent
Millions
Millions
Millions
Millions
Six months ended%%%%of yenof yenof yenof yenSeptember 30, 2020

198,499(14.3)

7,895(32.6)

7,660(33.2)

4,720(38.5)

September 30, 2019

231,585(5.6)

11,718(17.4)

11,462(21.9)

7,681(24.2)(Note) Comprehensive income:¥5,875million / (17.7%)¥7,140million / (32.5%)

for the Six months ended September 30, 2020
for the Six months ended September 30, 2019

Net profit per share(basic)
Yen

Net profit per share(diluted)
Yen

September 30, 2020

76.23

－

September 30, 2019124.04－Six months ended(Note) Because the Company conducted a share consolidation at a ratio of 10 shares to 1 share of its common stockon October 1, 2020, net profit per share is calculated on the assumption that this share consolidation was conductedat the beginning of the previous fiscal year.
(2) Consolidated Financial Position
Total assets
Six months ended
September 30, 2020
Year ended
March 31, 2020
(Reference) Shareholder’s equity:

Net assets

Equity ratio

Millions of yen

Millions of yen%

476,971203,26339.5

470,004

201,198

39.6¥188,580million¥186,275million

as of the Six months ended September 30, 2020
as of the Year ended March 31, 2020

1

2. Dividends
Annual dividend per share

Year ended
March 31, 2020Year ending
March 31, 2021
Year ending
March 31, 2021
(forecasts)

End of firstquarter
Yen

End of second
quarterYen

End of thirdquarter
Yen―

4.00

―

0.00

Year-end

Annual

Yen

Yen―

5.00

9.00

―

65.00

65.00

(Note) Revisions to dividend forecasts published most recently: Yes
Because the Company conducted a share consolidation at a ratio of 10 shares to 1 share of its common stock on
October 1, 2020, forecasts of dividend per share for the fiscal year ending March 31, 2021 indicate amounts that takethe effect of this share consolidation into consideration. For details, please refer to “Explanations and other special
notes concerning the appropriate use of business performance forecasts.”
3. Forecast of Consolidated Financial Results for the Year Ending March 31, 2021

Net salesYear ending
March 31, 2021

Millions ofyen%

415,000(10.9)(April 1, 2020－March 31, 2021)(% : changes from the same period of the previous fiscal year)
Net
ProfitprofitOperating profit
Ordinary profit
attributable toperowners of parent
shareMillion
Millions
Millions%%
Yens of%of yenof yenyen
18,000(26.9)

17,000(27.6)

10,00033.8

161.50(Note) Revisions to financial forecasts published most recently: Yes
The net profit per share in the forecasts of consolidated financial results for the year ending March 31, 2021 takes
the effect of the share consolidation into consideration. For details, please refer to “Explanations and other special
notes concerning the appropriate use of business performance forecasts.”*Notes(1) Changes of important subsidiaries during the period(changes of specific subsidiaries in accordance with changes in the scope of consolidation)
Newly added: ― (Company name: ― )Excluded : ― (Company name : ― ): None(2) Application of particular accounts procedures to the preparation of quarterly consolidated financial statements: None(3) Changes in accounting policies and changes or restatement of accounting estimates(i) Changes in accounting policies caused by revision of accounting standards: None(ii) Changes in accounting policies other than (i): None(iii) Changes in accounting estimates: None(iv) Restatement: None(4) Number of shares outstanding (common stock)(i) Number of shares outstanding at end of period (including treasury stock)
As of the Six months ended September 30, 2020
61,993,750shares
As of the Year ended March 31, 2020
61,993,750 shares

2

(ii) Number of treasury stock at end of period
As of the Six months ended September 30, 2020
72,720shares
As of the Year ended March 31, 2020
72,576shares(iii) Average number of shares outstanding during the term
For the Six months ended September 30, 2020
61,921,113 shares
For the Six months ended September 30, 201961,921,573shares(Note) Because the Company conducted a share consolidation at a ratio of 10 shares to 1 share of its common stockon October 1, 2020, the number of shares outstanding (common stock) is calculated on the assumption that thisshare consolidation was conducted at the beginning of the previous fiscal year.
* This financial summary does not need to undergo a quarterly review* Explanations and other special notes concerning the appropriate use of business performance forecasts(1) The forward-looking statements such as result forecasts included in this document are based on theinformation available to the Company at the time of the announcement and on certain assumptions consideredreasonable, and the Company makes no representations as to their achievability. Actual results may differ
materially from the forecast depending on a range of factors.
(2)The Company conducted a share consolidation at a ratio of 10 shares to 1 share of its common stock on October 1,
2020. Dividend forecast and forecast of consolidated financial results for the year ending March 31, 2021 that do
not take this share consolidation into consideration would be as follows.
1. Dividend forecast for the year ending March 31, 2021
Year-end dividend per share: 6.50 yen
2. Forecast of consolidated financial results for the year ending March 31, 2021
Net profit per share for the full year: 16.15 yen

3【Attached documents】 Quarterly Consolidated Financial Statements
1： Quarterly Consolidated Balance Sheets(Millions of yen)Six monthsended(September 30,2020)

Year ended(March31,2020)

AssetsCurrent assets

Cash and deposits
Notes and accounts receivable – tradeFinished products
Work-in-progress, including costs related to construction-type contracts
Raw material and supplies
Other current assets
Allowance for doubtful accounts

Total current assets
Fixed assets
Property, plant and equipment

Buildings and structures, net
Machinery and equipment, netTools, furniture and fixtures, net
LandConstruction-in-progress

Total property, plant and equipment
Intangible assets

36,349133,033
28,513
19,30918,788
10,767(385)

58,102
116,587
28,177
18,977
18,056
12,379(318)

246,374

251,960

55,514
49,104
5,658
54,587
8,894

56,57549,784
6,322
54,586
7,742

173,757

175,009

1,555
4,312

1,333
4,700

Goodwill
Other intangible assets
Total intangible assets

5,867

6,033Other assets
Allowance for doubtful accounts

44,273(267)

44,340(371)

Investments and other assets

Total investments and other assets
Total fixed assets
Total assets

44,006
223,630
470,004

43,969225,011476,971(Millions of yen)
Year ended(March 31,2020)

Liabilities
Current liabilities

Notes and accounts payable – trade
Short-term borrowings
Income taxes payable
Other current liabilities

63,826
62,6702,654
33,191

Six months
ended(September 30,2020)

57,77862,146
3,455
29,387

Total current liabilities
Long-term liabilities

162,341

152,766

Total long-term liabilities
Total liabilities
Net assets
Shareholders' equity

653
69,29920,115
10,6095,789

106,465
268,806

635
84,572
20,2709,646
5,819

120,942
273,708

46,52546,525

Bonds
Long-term debt
Liabilities for retirement benefits
Provision for environmental measures
Other long-term liabilities

Common stock4Additional paid-in capital
Retained earnings
Treasury stock, at cost

18,983
119,108(69)

Total shareholders' equity
Accumulated other comprehensive income
Net unrealized gains（losses） on securities
Net unrealized gains(losses) on hedges
Land revaluation surplus
Foreign currency translation adjustments
Remeasurements of defined benefits plans

Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

18,992
120,731(70)

184,547

186,178

2,230
(120)
145
1,084
(1,611)

2,819
4145
933
(1,499)1,728
14,923201,198
470,004

2,402
14,683203,263
476,971

2： Quarterly Consolidated Statements of Income andQuarterly Consolidated Statements of Comprehensive Income
Quarterly Consolidated Statements of Income(Millions of yen)Six months
Six months
endedended(September 30, (September 30,2019)2020)

Net sales

Cost of sales

231,585

198,499

45,831

39,744

185,754

Gross profit

Selling, general and administrative expenses

34,113

158,755
31,849Operating profit
Non-operating profit

11,718

Total non-operating profit
Non-operating expenses

1,910

1,952

Total non-operating expenses
Ordinary profit
Profit before income taxes and minority interests

622
1,544

2,166
11,462
11,462548
1,639

Total income taxes
Net profit

2,955
8,507

Profit attributable to owners of parent

7,681

Other

1,910

Interest expense
OtherIncome taxes - current
Income taxes - deferred

2,825
130

Profit attributable to non-controlling interests

826

Quarterly Consolidated Statements of Conprehensive Income

Net profit
Other comprehensive income (losses)

Net unrealized gains (losses) on securities
Net unrealized gains (losses) on hedges
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Equity of other comprehensive income (losses) of affiliates

Total other comprehensive income (losses)
Comprehensive incomeComprehensive income attributable to owners of parent
5

7,895

1,952

2,187
7,660
7,660
2,270
194
2,464
5,196
476
4,720

(Millions of yen)Six months
Six months
endedended(September 30, (September 30,2019)
2020)

8,507

5,196

17(75)(1,048)79(340)

620
124
50
122
(237)

(1,367)
7,140
6,533

679
5,875

5,394

Comprehensive income attributable to non-controlling interests

3： Consolidated Statements of Cash Flows

607

481

(Millions of yen)Six months
Six months
endedended(September 30, (September 30,2019)2020)

Cash flows from operating activities

Profit before income taxes
Depreciation and amortization
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in net defined benefit liability
Interest and dividend income
Interest expenses
Decrease (increase) in notes and accounts receivable - trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade
Other
SubtotalInterest and dividend income received
Interest paid
Income taxes paid
Net cash provided by operating activities

11,462
9,193
222(113)104(216)622
19,128435(10,420)(784)
29,633459(588)(5,387)
24,117

7,660
9,268
222
37
310
(220)
547
16,206
1,403(5,602)(2,718)
27,113300(548)(2,681)
24,184

Payments for purchase of property, plant and equipment
Other
Net cash used in investing activities(15,296)(281)(15,577)(12,575)(134)(12,709)

Net increase (decrease) in short-term borrowings
Proceeds from long-term debt
Repayments of long-term debt
Cash dividends paid
Dividends paid to non-controlling interests
Other
Net cash used in financing activities
Effect of exchange rate changes on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of the year
Cash and cash equivalents at end of the quarter

2,478
2,618
(7,762)(3,114)(692)(426)(6,898)(331)
1,311
33,34534,656

2,091
19,092(6,364)(3,113)(702)(599)
10,405(127)
21,75336,29658,049Cash flows from investing activities

Cash flows from financing activities

6