Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

February 02, 2024

Consolidated Financial Results
for the Nine Months Ended December 31, 2023
(Under Japanese GAAP)
Company name:
NID Co., Ltd.
Listing:
Tokyo Stock Exchange
Securities code:
2349
URL:
https://www.nid.co.jp/
Representative:
Shuntaro Komori, President
Inquiries:
Hiroshi Kosuge, Director,Corporate Design Manager, Finance Manager
Telephone:
81-8-3-6221-6811
Scheduled date to file quarterly securities report:
February 13, 2024
Scheduled date to commence dividend payments:—
Preparation of supplementary material on quarterly financial results: None
Holding of quarterly financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the nine months ended December 31, 2023 (from April 1, 2023 to
December 31, 2023)(1) Consolidated operating results (cumulative)
Net sales(Percentages indicate year-on-year changes.)

Operating profit

Profit attributable toowners of parent

Ordinary profit

Nine months ended

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

December 31,2023

16,090

10.1

1,966

9.9

2,201

14.2

1,464

△4.9

December 31,2022

14,608

11.0

1,790

13.7

1,928

8.9

1,539

30.9

Note: Comprehensive income

For the nine months ended December 31, 2023 :For the nine months ended December 31, 2022 :Basic earnings
per share¥1,542 million¥1,445 million

Diluted earnings
per share

Nine months ended

Yen

December 31,2023

133.04－December 31,2022138.67－Yen(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Millions of yen

Millions of yen

December 31,2023

24,973

18,877

75.6

March 31,2023

24,02017,911

74.6

Reference:

EquityAs of December 31,2023:
As of March 31, 2023:¥18,877 million¥17,911 million%[6.7%][33.4%]

2. Cash dividends
Annual dividends per shareFirst quarter-end
Fiscal year ended
March 31, 2023
Fiscal year ending
March 31, 2024

Second quarter-end

Third quarter-end

Yen

YenYenFiscal year-end
YenYen－－－

26.00

26.00

－－－
27.00

27.00

Fiscal year ending
March 31, 2024
(Forecast)

Total

Note: Revisions to the forecast of cash dividends most recently announced: None

3. Consolidated Financial Forecasts for the Fiscal Year Ending March 31,2024 (From April 1, 2023 to March31, 2024)
Net sales

Operating profit

Million yen% Million yen
%
2.7
2.2
Full Year
21,0002,600
Note : Revisions to the latest projected consolidated results : None

Profit attributable toowners of parent

Ordinary profit
Million yen%Million yen

2,840

3.5

1,970%△10.9Net incomeper shareYen180.31

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the changein scope of consolidation): None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:
Yes(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of December 31,2023

13,109,490 shares

As of March 31, 2023

13,109,490 shares(ii) Number of treasury shares at the end of the period
As of December 31,2023

2,183,853 shares

As of March 31, 2023

2,003,853 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscalyear)
Nine months ended December 31,2023

11,010,073 shares

Nine months ended December 31,2022

11,105,703 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants
or an audit corporation.
* Proper use of earnings forecasts, and other special matters
All projections provided in this document are based on the most accurate information available at the time ofthis writing. However our actual results may differ from our projections due to various unforeseen reasons.

4. Consolidated Financial Statements(1) Consolidated Balance Sheets(Thousands of yen)
Nine months ended
December 31, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Gain on sale of investment securities
Gain on redemption of investment securities
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on investments in investment partnerships
investment partnership management fee
Taxes and dues
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on sale of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable toProfit attributable to owners of parent
Profit attributable to non-controlling interests
Other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

Nine months ended
December 31, 2023

14,608,382
11,167,310
3,441,072
1,650,563
1,790,509

16,090,958
12,294,962
3,795,995
1,829,084
1,966,911

7,372
113,183
7,534
－
5,122
12,294
145,507

7,031
134,035－
35,36541,89923,593241,925

958
1,775
2,245
1,373
1,200
265
7,818
1,928,198

903
1,153
1,296
832
－
3,524
7,710
2,201,126

2,290
347,378
349,669

－
－
－

323
－
323
2,277,544
737,544
1,539,999

98
4,9935,092
2,196,033
731,289
1,464,743

1,539,999－

1,464,743－△95,216726△94,489
1,445,510

75,184
2,590
77,775
1,542,518

1,445,510

1,542,518－－

(2) Consolidated Statements of Income
As of March 31,2023
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Accounts receivable - trade
Work in process
Other
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Guarantee depositsOther
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Accounts payable - other
Income taxes payable
Accrued consumption taxes
Advances received
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Retirement benefit liability
Provision for retirement benefits for directors(and other officers)
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplusRetained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets(Thousands of yen)
As of December 31,
2023

13,049,487
99,824
3,416,640
147,453
161,928
16,875,335

13,709,549
245,536
2,811,049
616,965
172,636
17,555,737

328,817290,279

231,135
114,773
345,908

194,640
107,004
301,644

4,992,906
968,446
354,127
154,4656,469,944
7,144,670
24,020,006

5,362,534
935,761
369,348
158,436
6,826,081
7,418,005
24,973,742

587,392－
350,464
568,346
308,8231,155
931,757
254,655
3,002,594

651,372
360,000
486,427
265,902180,580
7,612
485,658
472,989
2,910,542

2,484,080

2,557,538

556,987

576,336

49,10916,0013,106,178
6,108,773

49,7382,402
3,186,015
6,096,557

653,352
488,675
17,760,317△1,587,797
17,314,547

653,352
488,675
18,936,314△1,875,617
18,202,724

584,855
11,830596,685
17,911,232
24,020,006

660,039
14,421
674,460
18,877,185
24,973,742