Member of the Financial Accounting Standards Foundation

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2020
14-May-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(All figures are rounded down to the nearest million yen)

1.Consolidated Financial Results for the Fiscal Year 2020 (From April 1, 2019 to March 31, 2020)(1) Consolidated Operating Results(% of change from previous year)

Profit attributable toNet Sales

Operating Income

Ordinary Income

owners of parent

Million yen%

Million yen%

Million yen%

Million yen%

FY3/2018,017

0.3

1,940

△2.2

2,279

5.1

1,266

△12.3

FY3/1917,964

0.3

1,983

8.6

2,168

7.6

1,4446.0

Note : Comprehensive income : FY3/20

1,127million yen (△24.8%)

FY3/19Diluted net
income per share

Net income per share

1,499million yen (8.3%)

ROEYenYen

FY3/20111.53

FY3/19127.24

Operating Income
MarginROA%%%

－9.6

12.2

10.8

－12.012.3

11.0

Note : Share of loss of entities accounted for using equity method : FY3/20 - million yen

FY3/19 - million yen(2) Consolidated Financial Position
Total Assets

Total Net Assets

Equity Ratio

Net Assets per Share

Million yen

Million yen%

Yen

FY3/2019,044

13,58871.4

1,196.58

FY3/1918,29912,69969.4

1,118.30

Note : Equity : FY3/20 13,588million yen

FY3/19 12,699million 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

FY3/20

1,097

△873

△2508,849

FY3/19

1,766

△601

△2288,876

2. Dividend Information
Dividends Per Share
Registry Date

Total amountof cash
dividends forthe year

Dividends
payout ratio(Consolidated)

Net Assets to
Dividend
Ratio(Consolidated)First
quarter

Secondquarter

Thirdquarter

Year End

Full Year

Yen

Yen

Yen

Yen

Yen

Million yen%%

FY3/19－－－

21.00

21.00

238

16.5

2.0

FY3/20－－－

22.00

22.00

249

19.7

1.9

FY3/21(Forecasts)－－－－－

Note : The dividend for the fiscal year ending March 31, 2021 is undetermined at this point.

- 1 -－

3. Consolidated Financial Forecasts for the Fiscal Year 2021(From April 1, 2020 to March 31, 2021)
The consolidated business forecast for the fiscal year ending March 2021 is undecided because it is difficult toreasonably calculate the impact of the new coronavirus at this stage. We will disclose it when it becomes possible tocalculate a reasonable forecast.
* 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 figures①Changes 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

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

FY3/2013,109,490

FY3/1913,109,490

Treasury stock as of term end

FY3/201,753,704

FY3/191,753,704

Average shares issued during term

FY3/2011,355,786

FY3/1911,355,835* The consolidated financial results are not subject to auditing 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.
*Stock split
NID conducted a three-for-one common stock split effective on December 1, 2018. Net income per share and the number ofshares outstanding are calculated as if this stock split had taken place at the beginning of the fiscal year 2018.

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

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Work in process
OtherTotal current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
VehiclesAccumulated depreciation
Vehicles, netTools, 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 -FY3/19FY3/208,938,931
3,117,700
122,918
97,35012,276,901

8,965,663
3,503,045
138,756
182,289
12,789,754

368,067

397,685△130,728
237,338
45,600△36,489
9,111
302,819△193,369
109,450
20,17959,993△32,804
27,189403,268△151,096
246,589
31,632△21,6889,943
327,546△219,971
107,575
20,17968,843△37,83131,012415,299

71,901

93,946

18,78590,686

103,847
197,793

4,141,858

4,076,669

954,992
308,241
123,312
5,528,404
6,022,359
18,299,260

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

(Thousand yen)

Liabilities
Current liabilities
Accounts payable - trade
Accounts payable - otherIncome taxes payable
Accrued consumption taxes
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- 4 -FY3/19FY3/20393,651
428,181401,915
171,908
895,568
280,491
2,571,716

440,525
295,308
358,432
292,213
913,842
227,172
2,527,494

2,334,719

2,367,837

626,550494,200

45,90821,2393,028,417
5,600,134

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

653,352

653,352

488,675
12,281,709△1,227,333
12,196,404

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

491,503

343,180

11,219502,722
12,699,126
18,299,26020,419
363,600
13,588,054
19,044,125

(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 investment partnerships
Gain on sales of investment securities
Insurance claim income
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
Other
Total non-operating expenses
Ordinary profitExtraordinary income
Gain on sales of non-current assets
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Office relocation expenses
OtherTotal 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 of taxTotal other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests- 5 -FY3/19FY3/2017,964,983
13,941,165
4,023,818
2,040,457
1,983,360

18,017,074
14,019,391
3,997,682
2,057,323
1,940,359

10,842
131,950
5,599
1,675
7,497
20,08017,582
195,226

9,243
247,642
17,993－
10,48353,704
13,310352,377

1,664
－
4,367
3,051
975
10,0582,168,528

1,470
1,360
5,651
4,200
627
13,3102,279,425

－
－

2,410
2,410

939
11,34023,216550
36,0462,132,481
707,346△19,725
687,6211,444,860

10,065
274,0112,752－
286,829
1,995,006
706,372
22,112
728,484
1,266,522

1,444,860

1,266,522－－

53,781△148,322

1,003
54,785
1,499,646

9,200△139,122
1,127,399

1,499,646

1,127,399－－

(3) Consolidated Statements of Changes in Shareholders’ Equity
Consolidated Financial Results for the Fiscal Year 2019 (From April 1, 2018 to March 31, 2019)(Thousands of yen)Shareholders' equity

Balance at beginningof current period
Changes of items
during period
Dividends ofsurplus
Profit attributable toowners of parent
Purchase of treasury
sharesNet changes ofitems other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period

Capital stock

Capital surplus

653,352

488,675

Retainedearnings

TreasurysharesTotalshareholders'equity11,056,396△1,227,211

10,971,212△219,546△219,546

1,444,860

1,444,860
△121

△121－

－

1,225,313△121

1,225,192

653,352

488,675

12,281,709△1,227,333

12,196,404

Accumulated other comprehensive income

Balance at beginningof current period
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

Valuationdifference on
available-forsale
securities

Remeasureme
nts of defined
benefit plans

Total
accumulated
othercomprehensi
ve income

437,721

10,215447,936

Total net assets

11,419,149△219,546
1,444,860△121

53,781

1,003

54,78554,78553,781

1,003

54,785

1,279,977

491,503

11,219502,722

12,699,126- 6 -Consolidated Financial Results for the Fiscal Year 2020 (From April 1, 2019 to March 31, 2020)(Thousand yen)
Shareholders' equity

Balance at beginningof current period
Changes of items
during period
Dividends ofsurplus
Profit attributable toowners of parent
Purchase of treasury
sharesNet changes ofitems other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period

Capital stock

Capital surplus

653,352

488,675

Retainedearnings

TreasurysharesTotalshareholders'equity12,281,709△1,227,333

12,196,404△238,471△238,471

1,266,522

1,266,522--

1,028,050-

1,028,050

653,352

488,675

13,309,760△1,227,333

13,224,454

Accumulated other comprehensive income

Balance at beginningof current period
Changes of items
during period
Dividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
sharesNet changes ofitems other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period

Valuationdifference on
available-forsale
securities

Remeasureme
nts of defined
benefit plans

Total
accumulated
othercomprehensi
ve income

491,503

11,219502,722

Total net assets

12,699,126△238,471
1,266,522△148,322

9,200△139,122△139,122△148,322

9,200△139,122

888,927

343,180

20,419363,600

13,588,054- 7 -(4) Consolidated Statements of Cash Flows(Thousand yen)

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 income
Interest expenses
Loss (gain) on sales of investment securities
Loss (gain) on valuation of investment securities
Loss (gain) on sales of property, plant and equipment
Loss on retirement of property, plant and equipment
Loss on retirement of intangible assets
Loss (gain) on investments in investment partnerships
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in other current assets
Decrease (increase) in other non-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
Purchase of investment securities
Payments for investments in capital
Proceeds from sales and redemption of investment securitiesPurchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Payments for asset retirement obligations
Proceeds from distributions from investment partnerships
Payments of guarantee deposits
Proceeds from refund of guarantee deposits
Purchase of insurance funds
Proceeds from maturity of insurance funds
Other, net
Net cash provided by (used in) investing activities- 8 -FY3/19FY3/202,132,481
93,34936,226

1,995,006
106,258
46,47029,650△132,350

3,424△142,792
1,664△1,675
9,998－939－△4,964
146,590△16,669
4,948
810△52,878
38,195
9,499
8,646
11,0502,308,494
141,705△1,664△682,378
1,766,157

18,274△256,885
1,470
1,360
274,011△2,4102,513
8,568△5,032△385,345△15,820△88,315△273
46,873△92,266
120,304△52,190497
1,590,719
257,838△1,470△749,724
1,097,363△1△995,792－
513,675△114,419－△13,630△5,314
15,439△23,674
21,630△8,1499,003△150△601,382△54,001△931,620△100,000
502,139△113,374
4,533△153,566－7,733△42,424
1,333△7,913
16,925△3,700△873,936

Cash flows from financing activities
Proceeds from short-term borrowings
Repayments of short-term borrowings
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- 9 -FY3/19FY3/20720,000△720,000△219,379△121△8,612△228,113
936,662
7,940,280
8,876,942

360,000△360,000△238,297－△12,170△250,468△27,041
8,876,942
8,849,901