Member of the Financial Accounting Standards Foundation

Consolidated Financial Results for the Second Quarter
Of Fiscal Year Ending March 31, 2020
1-Nov-2019
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 2020
(From April 1, 2019 to September 30, 2019)(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

owners of parent

Million yen%

Million yen%

Million yen%

Million yen%

2Q FY3/208,575△1.5740△12.8849△9.7565△10.5

2Q FY3/198,708

1.0848940

10.0631

9.7

Note : Comprehensive income :2Q FY3/20

9.9854million yen (33.3%)

2Q FY3/19640million yen (14.1%)

Diluted net
income per share

Net income per share
YenYen2Q FY3/2049.83－2Q FY3/1955.65－(2) Consolidated Financial Position
Total Assets

Total Net Assets

Equity Ratio

Net Assets per Share

Million yen

Million yen%Yen

2Q FY3/20

18,434

13,31472.2

1,172.50

FY3/1918,29912,69969.4

1,118.30

Note : Equity 2Q FY3/20 13,314million yen

FY3/19 12,699million yen

2. Dividend Information
Dividends Per Share
Registry DateFirst quarter

Second quarter

Yen
FY3/19

Third quarter

Yen－Year End

Yen－

FY3/20－－FY3/20(Forecasts)
Note : Revisions to the latest projected dividends : None

Full YearYen

Yen－21.00

21.00－22.00

22.00

3. Consolidated Financial Forecasts for the Fiscal Year 2020(From April 1, 2019 to March 31, 2020)
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

19,000

5.8

1,900

△4.2

2,060

△5.0

1,390

△3.8122.40

Note : Revisions to the latest projected consolidated results : None

- 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)

2Q FY3/20

13,109,490

FY3/1913,109,490

Treasury stock as of term end

2Q FY3/20

1,753,704

FY3/191,753,704

Average shares issued during term

2Q FY3/20

11,355,786

2Q FY3/19

11,355,879* 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.
*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)
FY3/19AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Work in process
OtherTotal current assets
Non-current assets
Property, plant and equipment
Intangible assetsInvestments and other assets
Investment securities
Deferred tax assets
Guarantee deposits
Other
Total investments and other assets
Total non-current assets
Total assets- 3 -2nd Quarter FY3/20

8,938,931
3,117,700
122,918
97,35012,276,901

8,292,570
2,756,553
269,481
148,507
11,467,113

403,268
90,686381,661
118,151

4,141,858
954,992
308,241
123,312
5,528,404
6,022,359
18,299,260

5,091,886
815,922347,374
212,099
6,467,281
6,967,093
18,434,207

(Thousand yen)
FY3/19Liabilities
Current liabilities
Accounts payable - trade
Accounts 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
incomeValuation difference on available-for-salesecurities
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeTotal net assets
Total liabilities and net assets- 4 -2nd Quarter FY3/20

393,651
428,181401,915
895,568
452,400
2,571,716

385,285
241,667
307,085
927,898
390,777
2,252,714

2,334,719

2,339,172

626,550

481,350

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

46,297－2,866,819
5,119,533

653,352
488,675
12,281,709△1,227,333
12,196,404

653,352
488,675
12,609,061△1,227,333
12,523,756

491,503765,843

11,21925,074

502,722790,917

12,699,126
18,299,260

13,314,673
18,434,207

(2) Consolidated Statements of Income(Thousand yen)
2nd Quarter FY3/19

2nd Quarter FY3/20

8,708,197
6,875,937
1,832,259
983,504
848,755

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

3,424
76,608
1,675
15,082
96,7904,599
83,15929,627
117,385

849
－
1,635

709
1,360
2,888

2,245
56
4,787
940,758

3,150
246
8,354
849,486

－
－

916
916

272
272

8,556
8,556

940,486
308,521631,965

841,847
276,023565,823

631,965－

565,823－

5,768

274,340

3,046

13,854

8,815
640,780

288,195
854,018

640,780

854,018－－

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
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Loss on sales of investment securities
investment partnership management fee
Taxes and dues
OtherTotal 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
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-salesecurities
Remeasurements of defined benefit plans,
net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to ownersof parent
Comprehensive income attributable to noncontrolling interests- 5 -(3) Consolidated Statements of Cash Flows(Thousand yen)
2nd Quarter FY3/19
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 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
Purchase of investment securities
Proceeds from sales and redemption of investment
securitiesPayments 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
Dividends paid
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- 6 -2nd Quarter FY3/20

940,486
42,65436,004

841,847
50,543
24,594

12,725△145,200

18,040△80,032849△1,675－272
330,795△148,674
27,928△63,698△26,671△11,593
20,4881,420
1,099,320
74,969△849△343,965
829,474

32,330△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－△517,640△18,001△643,505

160,675

98,639－△1,701－△2,868△23,484276
11,880△4,641△377,506△100,000△52,233916△55,563△40,187
1,055
4,685
11,213△792,981

360,000△360,000△219,259
178△219,080
232,887
7,940,280
8,173,167

360,000△360,000△238,398△416△238,814△664,435
8,876,942
8,212,507