Consolidated Financial Results
For the Fiscal Year 2018 Ended March 31, 2019
(Japan GAAP)May 14, 2019
Company name: Nippon Light Metal Holdings Company, Ltd.

Stock exchange listing: First Section of Tokyo

Code number: 5703URL: https://www.nikkeikinholdings.com/

Representative: Ichiro OKAMOTO,

President & Chief Executive Officer

The expected date of the ordinary general shreholders’ meeting: June 25, 2019

The expected date of dividends payment: June 26, 2019d

The expected date for filing of securities report: June 25, 2019

Additional documents to supplement financial results: YesIR presentation: Yes (for analysts and institutional investors)(Amounts less than one million yen are rounded off)

1. Consolidated Financial Results for the Year Ended March 31, 2019
(April 1, 2018－March 31, 2019)(1) Consolidated Results of Operations
Net sales(%: changes from the same period of the previous fiscal year)
Profit attributable
Operating profit
Ordinary profit
to owners of parent
Millions
Millions
Millions%%%of yenof yenof yen

Year ended

Millionsof yen%March 31, 2019

500,4513.930,052

0.5

31,084

5.3

20,56014.1

March 31, 2018481,439

7.4

29,893(1.1)

29,533

12.5

18,012(7.7)(Note) Comprehensive income:Year ended¥19,675 million / (10.2%)¥21,912 million / 10.5%

Net profit
pershare (basic)
Yen

for the Year ended March 31, 2019
for the Year ended March 31, 2018

Yen

Return onequity(ROE)%

Net profit per
share (diluted)

Ratio ofordinary profit tototal assets

Ratio ofoperating profit
to net sales%%

March 31, 2019

33.20

－

11.4

6.6

6.0

March 31, 2018

29.09

－

10.8

6.4

6.2

(Reference) Equity in net profit of affiliates:¥680 million¥998 million

for the Year ended March 31, 2019
for the Year ended March 31, 2018

(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen
Millions of yen%
As of481,303
202,735
39.0
March 31, 2019
As of467,199
189,322
37.2
March 31, 2018
(Reference) Shareholder’s equity:¥187,854 million
as of the Year ended March 31, 2019
¥173,957 million
as of the Year ended March 31, 2018

1Yen
303.37280.93

(3) Consolidated Cash Flows
Cash flows fromoperating activities
Year endedMillions of yen

Cash flows frominvesting activities
Millions of yen

Cash flows fromfinancing activities
Millions of yen

Cash and cash
equivalents at end of year
Millions of yen

March 31, 2019

34,644(22,777)(8,904)33,545

March 31, 201825,868(14,948)(17,040)

30,517

2. Dividends
Annual dividend per share
End offirstquarter
Yen

End ofsecondquarter
Yen

End ofthirdquarter
Yen

―

4.00

―

―

Year ended
March 31,2018
March 31,2019Year ending
March 31,2020(forecast)Total
dividends(annual)Payout ratio(consolidated)

Ratio ofdividends tonet assets(consolidated)

YearendAnnualYen

YenMillions ofyen%%

―

4.00

8.00

4,955

27.5

3.0

4.00

―

5.00

9.00

5,574

27.1

3.1

4.00

―

5.00

9.00

27.9

3. Forecast of Consolidated Financial Results for the Year Ending March 31, 2020

Net sales

Six months ending
September 30,2019Year ending
March 31, 2019

(April 1, 2019－March 31, 2020)(%: changes from the same period of the previous fiscal year)
NetProfit
profitOperating profit
Ordinary profit
attributable toperowners of parentshare
Millions
Millions
Millions%%%
Yenof yenof yenof yen

Millionsof yen%

245,000(0.1)

13,000(8.4)

12,500(14.8)

8,500(16.1)

13.73

510,000

1.9

31,0003.2

30,500(1.9)

20,000(2.7)

32.30*Notes(1) Changes of important subsidiaries during the period(Changes of specific subsidiaries in accordance with changes in the scope of consolidation)
Newly added: ― (Company name: ― )Excluded : ― (Company name : ― )(2) Changes in accounting policies and changes or restatement of accounting estimates(i) Changes in accounting policies caused by revision of accounting standards: None(ii) Changes in accounting policies other than (i): None(iii) Changes in accounting estimates: None(iv) Restatements: None(3) Number of shares outstanding (common stock)(i) Number of shares outstanding at end of period (including treasury stock)
As of the Year ended March 31, 2019
619,937,500 shares
As of the Year ended March 31, 2018
619,937,500 shares

2: None(ii) Number of treasury stock at end of period
As of the Year ended March 31, 2019
720,629 shares
As of the Year ended March 31, 2018714,480 shares(iii) Average number of shares outstanding during the term
For the Year ended March 31, 2019
619,220,839 shares
For the Year ended March 31, 2018619,227,270 shares*This financial summary is not subject to audit.
* Explanations and other special notes concerning the appropriate use of business performance forecasts:- The forward-looking statements such as result forecasts included in this document are based on the information
available to the Company at the time of the announcement and on certain assumptions considered reasonable,
and the Company makes no representations as to their achievability. Actual results may differ materially fromthe forecast depending on a range of factors.
* Supplementary materials and IR meetings on financial results:-We will hold an IR meeting on financial results for analysts and institutional investors on May 22, 2019. Contentsof the meeting in both English and Japanese will be posted on our website immediately after the meeting.

3【Attached documents】 Consolidated Financial Statements
1： Consolidated Balance Sheets(Millions of yen)
As of March 31, As of March 31,
20182019

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable – trade
Electronically recorded monetary claims – operating
Finished products
Work-in-progress, including costs related to construction-type contracts
Raw material and supplies
Other current assets
Allowance for doubtful accounts
Total current assets
Fixed assets
Property, plant and equipment
Buildings and structures
Machinery and equipment
Tools, furniture and fixtures
LandConstruction-in-progress
Total property, plant and equipment
Intangible assets
Goodwill
Other intangible assets
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other assets
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets

Attacched doucment
1

30,722
136,021
18,76428,276
17,675
20,69011,612(1,089)262,671

33,417123,039
29,64230,453
19,10522,231
9,848(497)
267,238

45,824
41,875
4,402
54,6597,242
154,00245,994
44,164
4,724
54,66315,023
164,568

－
3,187
3,187

1,999
3,555
5,554

32,276
7,788
7,530
(255)
47,339204,528
467,199

29,623
6,618
7,924
(222)
43,943214,065
481,303(Millions of yen)
As of March 31, As of March 31,20182019

Liabilities
Current liabilities
Notes and accounts payable – trade
Short-term borrowings
Current portion of long-term debt
Income taxes payable
Other current liabilities
Total current liabilities
Long-term liabilities
Bonds
Long-term debt
Liabilities for retirement benefits
Other long-term liabilities
Total long-term liabilities
Total liabilities
Net assets
Shareholders' equity
Common stock
Additional paid-in capital
Retained earnings
Treasury stock, at cost
Total shareholders' equity
Accumulated other comprehensive income
Net unrealized gains (losses) on securities
Net unrealized gains (losses) on hedges
Land revaluation surplus
Foreign currency translation adjustments
Remeasurements of defined benefits plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

Attacched doucment
2

78,63056,14819,3632,110
35,478
191,729

76,24455,411
14,496
3,422
34,791
184,364

637
63,84919,775
1,887
86,148277,877

666
68,997
19,741
4,800
94,204
278,568

46,525
19,064
101,593(67)
167,115

46,525
19,500117,206(68)183,163

4,181(144)145
3,111(451)6,842
15,365
189,322467,199

3,322(9)145
2,434(1,201)
4,691
14,881
202,735
481,303

2： Consolidated Statements of Income andConsolidated Statements of Comprehensive Income
Consolidated Statements of Income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating profit
Interest income
Dividend income
Equity in earnings of affiliates
Rental income
Technical support fee
OtherTotal non-operating profit
Non-operating expenses
Interest expense
Loss on disposal of fixed assets
Rental expense
Other
Total non-operating expenses
Ordinary profit
Special gains
Gain on step acquisitions
Gain on bargain purchaseTotal special gains
Special losses
Loss on valuation of investment securities
Loss on impairment of fixed assets
Settlement package
Loss on step acquisitions
Total special losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Net profit
Profit attributable to non-controlling interests
Profit attributable to owners of parent

Attacched doucment
3Year ended(March 31,2018)
481,439
387,404
94,03564,14229,893(Millions of yen)
Year ended(March 31,2019)
500,451
403,194
97,257
67,20530,052

90
670
998
758
432
1,254
4,202

81
289
680
804
666
2,354
4,874

1,363
564
599
2,036
4,562
29,533

1,301
575
758
1,208
3,842
31,084

－
300
300

1,371
－
1,371

－
933
2,029
117
3,079
26,754
4,932
1,819
6,751
20,003
1,991
18,012

386
957
－
－
1,343
31,112
7,342
1,764
9,106
22,006
1,446
20,560Consolidated Statements of Conprehensive Income

Net profit
Other comprehensive income
Net unrealized gains (losses) on securities
Net unrealized gains (losses) on hedges
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Equity of other comprehensive income (losses) of affiliates
Total other comprehensive income (losses)
Comprehensive income
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

Attacched doucment
4

Year ended(March 31,2018)
20,003(Millions of yen)
Year ended(March 31,2019)
22,006(14)(218)
900782459
1,909
21,91219,801
2,111(890)
135(413)
(766)
(397)
(2,331)
19,675
18,4091,266

3： Consolidated Statements of Cash Flows
Year ended(March 31,2018)(Millions of yen)
Year ended(March 31,2019)

Cash flows from operating activities
Profit before income taxes
Depreciation and amortization
Amortization of goodwill
Loss (gain) on step acquisitions
Loss on impairment of fixed assets
Loss (gain) on valuation of investment securities
Gain on bargain purchase
Settlement package
Decrease in allowance for doubtful accounts
Increase (decrease) in liability for retirement benefit
Interest and dividend income
Interest expenses
Equity in earnings of affiliates
Decrease (Increase) in notes and accounts receivable - trade
Increase in inventories
Increase (decrease) in notes and accounts payable - trade
Other
SubtotalInterest and dividend income received
Interest paid
Settlement package paid
Income taxes paid
Net cash provided by operating activities

26,754
17,126
－
117
933
－
(300)
2,029
(417)
413
(760)
1,363
(998)
(18,327)(7,075)
10,594(24)
31,428
1,332(1,349)－(5,543)
25,86831,112
17,294222(1,371)
957
386
－
－
(625)
(1,110)
(370)
1,301
(680)
3,812
(4,186)(3,721)(1,131)
41,890658(1,345)(2,029)(4,530)34,644(19,395)
816
(933)
－

(22,262)251(1,373)
1,201

4,096
468
(14,948)－(594)(22,777)(4,176)
15,294(21,174)
665(665)(5,578)(687)－(852)
20,145(19,926)－－(4,971)(691)(1,857)(719)(17,040)
293(5,827)36,28658(752)(8,904)(135)
2,828
30,517－

Cash flows from investing activities
Payments for purchases of property, plant and equipment
Proceeds from sales of fixed assets
Payments for purchase of intangible assets
Proceeds from purchase of shares of subsidiaries resulting inchange in scope of consolidation
Proceeds from sales of investment securities
OtherNet cash used in investing activities

Cash flows from financing activities
Net decrease in short-term borrowings
Proceeds from long-term debt
Repayments of long-term debt
Proceeds from issuance of bonds
Redemption of bonds
Cash dividends paid
Dividends paid to non-controlling interests
Payments from changes in ownership interests in subsidiaries that
do not result in change in scope of consolidation
OtherNet cash used in financing activities
Effect of exchange rate changes on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Increase in cash and cash equivalents fromnewly consolidated subsidiary

Attacched doucment
5

Cash and cash equivalents at end of year

30,517

Attacched doucment
633,345