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.

August 04, 2023

Consolidated Financial Results
for the Three Months Ended June 30, 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:
August 04, 2023
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 three months ended June 30, 2023 (from April 1, 2023 to June 30,2023)(1) Consolidated operating results (cumulative)
Net sales
Three months ended(Percentages indicate year-on-year changes.)

Operating profit

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

June 30,2023

5,014

9.0

505

1.7

577

5.7

382

4.5

June 30,2022

4,600

11.2

496

26.9

546

23.3

366

23.4

Note: Comprehensive income

For the three months ended June 30, 2023:
For the three months ended June 30, 2022:

Basic earnings
per share
Three months ended¥511 million¥329 million[55.5%][△2.6%]

Diluted earnings
per shareYenYen

June 30,2023

34.47

－

June 30,2022

32.97

－

(2) Consolidated financial positionTotal assets
As ofNet assets

Equity-to-asset ratio

Millions of yen

Millions of yen

June 30,2023

24,38018,134

74.4

March 31,2023

24,02017,911

74.6

Reference:

EquityAs of June 30,2023:
As of March 31, 2023:¥18,134 million¥17,911 million%

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

Yen

Yen

Fiscal year-end
Yen

TotalYen－－－

26.00

26.00

－－

27.00

27.00

－

Fiscal year ending
March 31, 2024(Forecast)

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

10,0405.9940Net income
per share%

Million yen%

Million yen%

Yen

△11.7

1,020

△11.8710

△30.0

63.93

2.7
△5.7
Full Year
21,0002,400
Note : Revisions to the latest projected consolidated results : None

2,560

△6.7

1,760

△20.4

158.48Six months ended
September 30,2023

Million yenProfit attributable toowners of parent

Ordinary profit

* 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 June 30,2023

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 June 30,2023

2,003,853 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)
Three months ended June 30,2023

11,105,637 shares

Three months ended June 30,2022

11,105,731 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)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
Investments and other assets
Investment securities
Deferred tax assets
Guarantee deposits
Other
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 surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

As of June 30, 2023

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

13,504,862
154,4442,692,791
446,383
260,854
17,059,336

328,817345,908

314,209322,228

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

5,264,513
909,980
354,157
155,952
6,684,604
7,321,042
24,380,378

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

697,114360,000
434,258
210,604
299,61055
490,839
605,338
3,097,820

2,484,080

2,533,181

556,987

563,436

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

49,3182,402
3,148,339
6,246,159

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

653,352
488,675
17,854,370△1,587,797
17,408,600

584,855

715,072

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

10,546725,618
18,134,219
24,380,378

(2) Consolidated Statements of Income(Thousands of yen)Three months ended
June 30, 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
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Taxes and dues
Loss on investments in investment partnerships
investment partnership management fee
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on retirement of non-current assets
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

Three months ended
June 30, 2023

4,600,313
3,552,309
1,048,003
551,338
496,665

5,014,011
3,882,300
1,131,710
626,656
505,053

1,598
43,987
7,534
465
3,111
56,697

1,453
42,820－27,291
5,673
77,239

307
1,373
2,042
1,387
1,425
77
6,614
546,748

343
832
754
522
－
1,903
4,357
577,93500546,748
180,591
366,15700
577,935
195,135
382,799

366,157－

382,799－△35,648△1,411△37,059
329,097130,217△1,284
128,933
511,733

329,097

511,733－－