Member of the Financial Accounting Standards Foundation

Consolidated Financial Results
for the Fiscal Year Ended March 31, 201712-May-2017
Company Name :Security Code :Representative :Contact :NID Co., Ltd.

Listing :
URL :

2349
President
Finance Manager

Shuntaro Komori
Kenji Saito

JASDAQ
http://www.nid.co.jp/

Telephone :81-8-3-6221-6811(All figures are rounded down to the nearest million yen)

1.Consolidated Financial Results for the Fiscal Year 2017 (From April 1, 2016 to March 31, 2017)1) Consolidated Operating Results(% of change from previous year)

Profit attributable to
Net Sales

Operating Income

Ordinary Income

Million yen%

Million yen%

FY3/17

17,683

3.4

1,834

18.7

FY3/16

17,102

5.4

1,544

9.1

Note : Comprehensive income :FY3/17 1,364million yen (56.6%)

Million yen%

Million yen

%

1,967

14.6

1,304

36.3

1,717

10.2

957

21.0

FY3/16 871million yen (△18.2%)

Diluted net
income per share

Net income per shareowners of parent

ROE

Operating Income
Margin

ROA

Yen

Yen

%

%

%

FY3/17344.72

－

13.5

13.3

10.4

FY3/16252.82

－

11.0

12.4

9.0

Note : Share of loss of entities accounted for using equity method : FY3/17 - million yen

FY3/16 - million yen(2) Consolidated Financial Position
Total Assets

Total Net Assets

Equity Ratio

Net Assets per Share

Million yen

Million yen%

Yen

FY3/17

15,56910,25365.9

2,708.77

FY3/16

14,126

9,042

64.0

2,388.74

Note : Equity :FY3/17 10,253million yen

FY3/16 9,042million yen(3) Consolidated Cash Flows
Cash Flows fromoperating activities

Cash Flows frominvestment activities

Cash Flows fromfinancing activities

Cash and cash
equivalents at end of year

Million yen

Million yen

Million yen

Million yen

FY3/17

1,184

△318

△197

7,142

FY3/16

559

△173

△185

6,474

2. Dividend Information
Dividends Per Share
Registry Date

Total amountof cashdividends forthe year

Dividends
payout ratio(Consolidated)

Net Assets to
Dividend
Ratio(Consolidated)

%

%

First
quarter

Secondquarter

Third
quarterYear End

Full Year

Yen

Yen

Yen

Yen

Yen

Million yen

FY3/16

－

－

－

50.00

50.00

189

19.8

2.2

FY3/17

－

－

－

58.00

58.00

219

16.8

2.3

FY3/18(Forecasts)

－

－

－

53.00

53.00

Note :Dividend for the fiscal year 2017 : Ordinary dividend : 53.00 yen-1-Commemorative dividend : 5.00 yen

16.9

3. Consolidated Financial Forecasts for the Fiscal Year 2018(From April 1, 2017 to March 31, 2018)(% of change from the same term of the previous year)

Net Sales

Operating Income

Million yen%

2Q FY3/18

8,400

Full Year

18,000Ordinary Income

Million yen%

Million yen

%

1.8

650

1.8

1,620

△13.7

700

△11.7

1,720

Profit attributable to

Net income

owners of parent

per share

Million yen

%

Yen

△13.3

490

△9.1

129.45

△12.6

1,190

△8.8

314.37* Notes:(1) Changes in the scope of our consolidation, including changes in our subsidiaries : None
Consolidated subsidiaries : 0 added, 0 removed(2) Changes in accounting methodology, procedures, and the way our figures are displayed in the creation of our Quarter consolidated
financial statements.
①

Changes arising from revisions in accounting standards :Yes②

Changes arising from other reasons : None③

Changes in estimation related to financial statements : None④

Re-statement of revisions : None

(3) Shares issued (Common stock)
Shares issued as of term end (including treasury stock)

FY3/17

4,369,830

FY3/16

4,369,830

Treasury stock as of term end

FY3/17584,461

FY3/16584,418

Average shares issued during term

FY3/17

3,785,399

FY3/16

3,785,520*Regarding the appropriate use of our earnings projections and other notes.
All projections provided in this document are based on the most accurate information available at the time of this writing.
However our actual results may differ from our projections due to various unforeseen reasons.

-2-4. Consolidated Financial Statements(1) Consolidated Balance Sheets(Thousand yen)

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Work in process
Deferred tax assets
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Total property, plant and equipment
Intangible assets
Software
Other
Total 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-3-

FY3/16

FY3/17

6,327,610
2,931,993
208,337
279,823
347,319
173,394
10,268,478

6,996,807
3,526,942
207,298
166,296
348,107
139,305
11,384,757

247,462△96,525
150,936
43,155△27,274
15,881
210,873△151,922
58,951
20,17946,535△29,444
17,090263,040

267,217△115,251
151,965
44,797△27,315
17,481
228,492△170,145
58,347
20,17947,344△20,188
27,155275,130

49,40867,882
117,291

100,768
19,024
119,7932,546,002
559,313268,218
103,9393,477,473
3,857,805
14,126,283

2,765,807
599,101
314,893
109,668
3,789,470
4,184,394
15,569,152

(Thousand yen)

Liabilities
Current liabilities
Accounts payable - trade
Accounts payable - other
Income taxes payable
Accrued consumption taxes
Deposits received
Provision for bonuses
Asset retirement obligations
Other
Total current liabilities
Non-current liabilities
Net defined benefit liability
Provision for directors' retirement benefits
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
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
incomeTotal net assets
Total liabilities and net assets-4-

FY3/16

FY3/17425,365
317,939354,791
175,339
58,935
868,643－
126,837
2,327,851

441,984
299,094
409,367
193,428
66,711
882,485
2,673
135,410
2,431,155

2,163,442
541,050
38,31013,2542,756,056
5,083,908

2,252,030
570,075
39,78322,4302,884,319
5,315,474

653,352
488,675
8,761,870△1,226,780
8,677,116

653,352
488,675
9,913,319△1,226,945
9,828,401

352,832

414,776

12,425

10,500365,258

425,276

9,042,375
14,126,283

10,253,678
15,569,152

(2) Consolidated Statements of Income(Thousand yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Gain on investments in partnership
Gain on sales of investment securities
Insurance income
Other
Total non-operating income
Non-operating expenses
Interest expenses
investment partnership management fee
Loss on sales of investment securities
Taxes and dues
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Office transfer expenses
Settlement package
Loss on litigation
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total 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 oftax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to-5-

FY3/16

FY3/17

17,102,693
13,699,060
3,403,632
1,858,995
1,544,636

17,683,440
13,968,075
3,715,364
1,881,209
1,834,154

2,750
75,46019,84537,78026,411
21,823
184,072

2,540
89,642
9,086
－
7,290
35,279143,838

1,584
2,214
－
6,498
857
11,156
1,717,552

1,772
1,592
4,000
2,766
11
10,142
1,967,850

92
42,00142,093

1,178
－
1,178

12,777106,118648
20,000－8,178
147,722
1,611,924
615,332
39,525654,858
957,065

801
7,196
－
16,1005,388－
29,485
1,939,543
665,883△31,255
634,627
1,304,915

957,065－

1,304,915－△86,564

61,943

1,176△85,388871,677△1,92560,0181,364,933

Comprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests
Comprehensive income attributable to non-controllinginterests-6-871,677

1,364,933

－

－

－

－

(3) Consolidated Statements of Changes in Shareholders’ Equity
Consolidated Financial Results for the Fiscal Year 2016 (From April 1, 2015 to March 31, 2016)(Thousand yen)
Shareholders' equity

Balance at beginningof current period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes of items
during period
Dividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
sharesNet changes of
items other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period

Retainedearnings

TreasurysharesCapital stock

Capital surplus

653,352

488,675

7,982,725△1,226,430

7,898,322

653,352

488,675

7,982,725△1,226,430

7,898,322△177,920△177,920

957,065－－

779,144653,352

488,675

8,761,870

957,065

△350

△350

△350

778,794△1,226,780

Accumulated other comprehensive income

Balance at beginningof current period
Cumulative effects ofchanges in accounting
policies
Restated balance

Totalshareholders'equityValuationdifference on
available-forsale
securities

Remeasureme
nts of defined
benefit plans

Total
accumulated
othercomprehensi
ve income

439,397

11,248450,646

8,348,968

439,397

11,248450,646

8,348,968

Changes of items
during period
Dividends ofsurplusProfit attributable toowners of parent

Total net assets△177,920
957,065-7-8,677,116

Purchase of treasury
sharesNet changes of
items other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period△350△86,564

1,176△85,388△85,388△86,564

1,176△85,388693,406

352,832

12,425-8-

365,258

9,042,375

Consolidated Financial Results for the Fiscal Year 2017 (From April 1, 2016 to March 31, 2017)(Thousands of yen)
Shareholders' equity

Balance at beginningof current period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes of items
during period
Dividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
sharesNet changes of
items other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period

Capital stock

Capital surplus

653,352

488,675

Retainedearnings

Treasuryshares

8,761,870△1,226,780

35,804653,352

488,675

8,797,675△1,226,780

1,115,644

653,352

488,675

9,913,319

1,304,915
△164

△164

△164

1,115,480△1,226,945

Accumulated other comprehensive income

Balance at beginningof current period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes of items
during period
Dividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
sharesNet changes of
items other than

Valuationdifference on
available-forsale
securities

Remeasureme
nts of defined
benefit plans

Total
accumulated
othercomprehensi
ve income

352,832

12,425365,258

Total net assets

9,042,375

35,804352,832

12,425365,258

9,078,179△189,270

1,304,915

61,943△1,925-9-60,0188,712,921△189,270

1,304,915-

8,677,116

35,804△189,270-

Total
shareholders'equity△164

60,0189,828,401

shareholders' equity
Total changes of items
during period
Balance at end ofcurrent period

61,943414,776△1,925

10,500- 10 -

60,0181,175,498

425,276

10,253,678

(4) Consolidated Statements of Cash Flows(Thousand yen)
FY3/16
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in net defined benefit liability
Increase (decrease) in provision for directors'
retirement benefits
Increase (decrease) in provision for bonuses
Interest and dividend income
Interest expenses
Loss (gain) on sales of investment securities
Loss (gain) on valuation of investment securities
Loss (gain) on sales of property, plant andequipment
Loss on retirement of property, plant andequipment
Loss on retirement of intangible assets
Loss (gain) on investments in partnership
Decrease (increase) in notes and accounts
receivable - trade
Decrease (increase) in inventories
Decrease (increase) in other current assets
Decrease (increase) in other non-current assets
Increase (decrease) in notes and accounts payable trade
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued consumption taxes
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of investment securities
Proceeds from sales and redemption of investment
securities
Purchase of property, plant and equipment
Proceeds from sales of property, plant andequipment
Purchase of intangible assets
Proceeds from distribution of investment in
partnerships
Payments for guarantee deposits
Proceeds from collection of guarantee deposits
Purchase of insurance funds
Proceeds from maturity of insurance funds- 11 -

FY3/17

1,611,924
99,65487,366

1,939,543
93,611
85,990△14,200

29,02521,024△78,210
1,584△79,781
106,118

13,842△92,182
1,772
4,000
7,196

△92

△1,178441

79

11,792△18,249794△7,838△438,208△594,949

19,78027,861
41

113,858
82,491
6

37,386

16,619△6,152△236,203
18,4192,461
1,174,759
73,179△1,584△686,542
559,812△13,866
18,08838,251△7,4881,727,666
94,922△1,772△636,566
1,184,250△3100,000△1,073,786△3－△600,773

870,059

406,000△45,290△51,368

597

3,371

△38,483△44,397

43,472

21,833△23,269
3,992△15,5099,303△47,065389△6,146－Other, net
Net cash provided by (used in) investing activities- 12 -△4,725△173,642－△318,159

(Thousand yen)
FY3/16
Cash flows from financing activities
Increase in short-term loans payable
Decrease in short-term loans payable
Cash dividends paid
Purchase of treasury shares
Other, net
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period- 13 -

820,000△820,000△177,697△350△7,093△185,141
201,028
6,273,144
6,474,172

FY3/17780,000△780,000△188,823△164△8,988△197,976
668,1146,474,172
7,142,287