Member of the Financial Accounting Standards Foundation

Consolidated Financial Results for the Second Quarter
Of Fiscal Year Ending March 31, 2021
6-Nov-2020
Company Name :Security Code :Representative :Contact :NID Co., Ltd.

Listing :
URL :

2349
President
Shuntaro Komori
Director,Corporate Design Manager, FinanceManager
Masaji KatoJASDAQhttps://www.nid.co.jp/Telephone :81-8-3-6221-6811

1. Consolidated Financial Results for the Second Quarter of Fiscal Year Ending March 31,2021(From April 1, 2020 to September 30, 2020)(All figures are rounded down to the nearest million yen)

(1) Consolidated Operating Results(% of change from previous year)

Profit attributable toNet Sales

Operating Income

Ordinary Income

Million yen%

Million yen%

2Q FYE March 2021

8,6370.7769

3.9

2Q FYE March 2020

8,575

△1.5740△12.8

Note : Comprehensive income :2Q FY3/21766million yen (△10.2%)

owners of parent

Million yen%

Million yen%936

10.3622

10.1849△9.7565△10.5

2Q FY3/20 854million yen (33.3%)

Diluted net
income per share

Net income per shareYenYen

2Q FYE March 2021

54.84－2Q FYE March 2020

49.83

－Total Assets

Total Net Assets(2) Consolidated Financial Position
Equity Ratio

Net Assets per Share

Million yen

Million yen%Yen

As of September 30,2020

19,571

14,10572.1

1,242.11

As of March 31, 2020

19,044

13,58871.4

1,196.58

Note : Equity

As of September 30,2020 14,105million yen

As of March 31, 2020 13,588million yen

2. Dividend Information
Dividends Per Share
Registry DateFirst quarter

Second quarter

YenYenYear EndYen－－FYE March 2021－－
FYE March 2021
(Forecasts)
Note : Revisions to the latest projected dividends : Yes－FYE March 2020－

Third quarter

Full Year

YenYen

22.00

22.00

22.00

22.00

3. Consolidated Financial Forecasts for the Fiscal Year Ending March 31,2021 (From April 1, 2020 to March 31, 2021)
Net Sales

Full Year

Operating Income

Ordinary Income

Profit attributable toNet income

owners of parent

per share

Million yen%

Million yen%

Million yen%

Million yen%

Yen

18,100

0.5

1,600

△17.5

1,828

△19.8

1,339

5.7

117.89Note : Revisions to the latest projected consolidated results : Yes- 1 -* Notes:(1) Changes in the scope of our consolidation, including changes in our subsidiaries : None
Consolidated subsidiaries : 0 added, 0 removed(2) Application of simple accounting method : Yes(3) 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 : None②

Changes arising from other reasons : None③

Changes in estimation related to financial statements : None④

Re-statement of revisions : None

(4) Shares issued (Common stock)Shares issued as of term end(including treasury stock)
Treasury stock as of term end
Average shares issued during term

As of September 30,2020

13,109,490

As of March 31, 2020

13,109,490

As of September 30,2020

1,753,759

As of March 31, 2020

1,753,704

2Q FYE March 2021

11,355,731

2Q FYE March 2020

11,355,786* This quarterly consolidated financial results are not subject to a quarterly review by a certified public accountant or an audit firm.
*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)
As of March 31, 2020 As of September 30, 2020
AssetsCurrent assets
Cash and deposits
Notes and 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
OtherTotal investments and other assets
Total non-current assets
Total assets- 3 -8,965,663
3,503,045
138,756
182,289
12,789,754

10,313,077
2,673,614
217,832
211,088
13,415,613

415,299
197,793398,723
200,113

4,076,669
997,002349,332
218,273
5,641,277
6,254,370
19,044,125

4,061,351
929,706
343,986
221,9815,557,025
6,155,863
19,571,476

(Thousand yen)
As of March 31, 2020 As of September 30, 2020
Liabilities
Current liabilities
Accounts payable - tradeAccounts payable - other
Income taxes payable
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
incomeTotal net assets
Total liabilities and net assets- 4 -440,525
295,308
358,432
913,842519,385
2,527,494

368,698
290,344
336,490951,141554,8072,501,480

2,367,837

2,408,598

494,200

509,275

46,68519,853
2,928,576
5,456,070

47,081
2,964,955
5,466,435

653,352

653,352

488,675
13,309,760△1,227,333
13,224,454

488,675
13,682,630△1,227,405
13,597,253

343,180

485,951

20,41921,836363,600

507,787

13,588,054
19,044,125

14,105,040
19,571,476

(2) Consolidated Statements of Income(Thousand yen)
2nd Quarter
FYE March 31,2020

2nd Quarter
FYE March 31,2021

8,575,916
6,808,160
1,767,755
1,027,300
740,455

8,637,197
6,879,075
1,758,122
988,918
769,203

4,599
83,1597,145
11,043
11,438117,385

4,710
81,19433,173
22,112
27,286
4,876
173,353

709
1,360
2,888
3,150
246
8,354
849,486

645
1,862
2,855
302
326
5,992
936,564

916
916

346
346

8,556
8,556
841,847
276,023565,823

7,488
1,388
8,877
928,033
305,335
622,697565,823-

622,697-274,340

142,770

13,854

1,417

288,195
854,018

144,187
766,884

854,018

766,884--Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Gain on sales of investment securities
Gain on investments in investment partnerships
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on sales of investment securities
investment partnership management fee
Taxes and dues
Commission expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
OtherTotal 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-salesecurities
Remeasurements of defined benefit plans, net oftax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests- 5 -(3) Consolidated Statements of Cash Flows(Thousand yen)
2nd Quarter
FYE March 31,2020
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for retirement benefits
for directors (and other officers)
Increase (decrease) in provision for bonuses
Interest and dividend incomeInterest expenses
Loss (gain) on sales of investment securities
Loss (gain) on sales of non-current assets
Loss on retirement of non-current assets
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in other current assets
Increase (decrease) in trade payables
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued consumption taxes
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividends received
Interest 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
Payments for investments in capital
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Payments of guarantee deposits
Proceeds from refund of guarantee deposits
Proceeds from distributions from investment partnerships
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from short-term borrowings
Repayments of short-term borrowings
Purchase of treasury shares
Dividends paid
Other, net
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents- 6 -2nd Quarter
FYE March 31,2021

841,847
50,543
24,594

928,033
65,36042,838△145,200

15,07532,330△87,758
709
1,360
△916
8,556
361,146△146,558△49,387△8,365△141,780△28,877△54,254△4,159653,829
83,275△709△369,034
367,360

37,299△85,904645△33,173△346
7,718
829,430△78,929△25,131△71,826357△71,016
86,945△22,880
1,624,495
81,619△645△325,850
1,379,619△18,001△643,505△154,000△299,927

98,639555,459△100,000△52,233916△55,563△40,187
1,055
4,685
11,213△792,981△30,846346△33,706
5,345
25,468△3,707
272,430

360,000△360,000△238,398△416△238,814△664,435

360,000△360,000△71△249,170△1,865△251,107
1,400,942

Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

8,876,942
8,212,507- 7 -8,849,901
10,250,843