Consolidated Financial Results
for the Third Quarter of the Year Ending March 31, 2022
(Japan GAAP)
January 31, 2022

Company name:

Nippon Light Metal Holdings Company, Ltd.

Stock exchange listing:First Section of Tokyo Stock Exchange

Code number:

5703

URL:

https://www.nikkeikinholdings.com/

Representative:

Ichiro OKAMOTO,

Contact:

Chizu ISHIKAWA,

Phone:+81-03-6810-7160

President & Chief Executive Officer
Public Relations and IR Director, Planning &Supervision OfficeSubmission of quarterly financial results:

February 8, 2022

Expected date of dividends payment:-

Preparation of supplementary materials for quarterly financial

Noneresults:

None

Holding of a briefing on quarterly financial results:(Amounts less than one million yen are rounded off)
1. Consolidated Financial Results for Nine Months Ended December 31, 2021
(1) Consolidated Results of Operations (Accumulated Total)(% figures show year-on-year change)
Net sales

Operating profit

Ordinary profit

Profit attributable toowners of parent
Millions%of yenNine months ended

Millionsof yen%Millionsof yen%Millionsof yen%December 31, 2021

360,515

15.2

19,20823.5

19,53729.4

15,23061.3

December 31, 2020

313,002(10.5)

15,559(13.8)

15,093(15.6)

9,440(19.2)(Note) Comprehensive income: Nine months ended December 31, 2021

¥16,856 million / 39.9%¥12,049 million / (4.1%)

Nine months ended December 31, 2020

Net profit per share(basic)Net profit per share(diluted)

Nine months ended

Yen

Yen

December 31, 2021

246.06－

December 31, 2020

152.46－(Note) On October 1, 2020, the Company implemented a share consolidation in which ten shares of common stock wereconsolidated into one share. As a result, net profit per share is calculated on the assumption that this share consolidation
was carried out at the start of the previous consolidated fiscal year.

(2) Consolidated Financial Position
Total assets
As of December 31, 2021
As of March 31, 2021
(Reference) Shareholders’ equity:

Net assets

Equity ratio

Millions of yen

Millions of yen%

523,377

217,63338.3

506,955

207,104

37.6

As of December 31, 2021
As of March 31, 2021

1¥200,316 million¥190,712 million

2. Dividends

Annual dividends per share
End of firstquarter

End of second
quarterYen

End of third
quarter

Yen

Fiscal year ended―
0.00
March 31, 2021
Fiscal year ending―
40.00
March 31, 2022
Fiscal year ending
March 31, 2022
(forecasts)(Note) Revisions to dividend forecasts published most recently:

Year-end

Total

Yen

Yen

Yen

―

65.00

65.00

45.00

85.00

―

None

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2022
(April 1, 2021–March 31, 2022)(% figures show year-on-year change)
Profit attributableNet
Net sales
Operating profit
Ordinary profit
to owners of
profit per
parentshare
Millionsof yen%Millionsof yen%Millionsof yenFiscal year ending
470,000
8.7
27,00011.6
27,000March 31, 2022
(Note) Revisions to Forecast of Financial Results published most recently:

2%

Millionsof yen

%

Yen

12.4

18,000434.8

290.82None

*Notes(1) Change in significant subsidiaries during the period(changes in specified subsidiaries affecting the scope of consolidation): None
Newly added: ― (Company name: ― )Excluded: ― (Company name: ― )(2) Application of particular accounts procedures to the preparation of quarterly consolidated financial statements:
None(3) Changes in accounting policies, changes in accounting estimates, and restatements(i) Changes in accounting policies due to revision of accounting standards: Yes(ii) Changes in accounting policies other than item (i) above: None(iii) Changes in accounting estimates: None(iv) Restatement: None
For details, please refer to “2. Notes on summary information (special notes) (3) Changes in accounting policies,changes in accounting estimates, and restatements” on p. 3 of the attached documents.
(4) Number of shares outstanding (common stock)(i) Number of shares outstanding at end of period (including treasury stock)
As of December 31, 2021
61,993,750 shares
As of March 31, 2021
61,993,750 shares(ii) Number of treasury stock at end of period
As of December 31, 2021
96,203 shares
As of March 31, 2021
105,121 shares(iii) Average number of shares outstanding during the term
For the nine months ended December 31, 2021
61,894,557 shares
For the nine months ended December 31, 2020
61,916,316 shares(Note) On October 1, 2020, the Company implemented a share consolidation in which ten shares of common stock
were consolidated into one share. As a result, the number of shares outstanding (common stock) is calculatedon the assumption that this share consolidation was carried out at the start of the previous consolidated fiscal
year.
* Quarterly financial results are not subject to auditing by a certified public accountant or an audit firm.
* Explanations concerning the appropriate use of financial forecasts and other special notes(Note of caution concerning forward-looking statements)
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 theCompany makes no representations as to their achievability. Actual results may differ materially from the forecast
depending on a range of factors. For the conditions on which the financial forecasts are based and notes of caution
concerning forward-looking statements, etc., please refer to “1. Qualitative Information on Quarterly Results (3)Explanation of forward-looking information, including consolidated earnings forecasts” on p. 3 of the attacheddocuments.

3

[Attached documents]
Index
1.

Qualitative Information on Quarterly Results ..................................................................................................1(1) Explanation of consolidated operating results position .................................................................................1(2) Explanation of consolidated financial position ..............................................................................................2(3) Explanation of forward-looking information, including consolidated earnings forecasts .............................3

2.

Notes on Summary Information (Special Notes) .............................................................................................3(1) Change in significant subsidiaries during the period .......................................................................................3(2) Application of accounting method specific to preparation of quarterly consolidated financial statement.......3(3) Changes in accounting policies, changes in accounting estimates, and restatements ......................................3
3.

Quarterly Consolidated Financial Statements and Important Notes ................................................................4(1) Quarterly consolidated balance sheets .............................................................................................................4(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income ..........6
Quarterly consolidated statements of income (April 1, 2021 – December 31, 2021) ...................................6
Quarterly consolidated statements of comprehensive income (April 1, 2021 – December 31, 2021) ..........7(3) Notes regarding the quarterly consolidated financial statements .....................................................................9(Notes on premise of going concern) ............................................................................................................9(Notes on significant changes in the amount of shareholders’ equity)..........................................................9(Segment information, etc.) ..........................................................................................................................94

1.

Qualitative Information on Quarterly Results(1) Explanation of consolidated operating results position
In the first nine months of this consolidated fiscal year, in the global economy, economic activity that had stalled dueto the spread of COVID-19 began to normalize and the recovery continues. However, there are concerns about the
impact that a semiconductor shortage, skyrocketing fuel prices, and another wave of COVID-19 cases, among otherfactors, could have on the future, and the outlook for the Japanese economy is still uncertain.
In this environment, sales volume increased in the aluminum chemical sector and in the field of secondary alloy for
automobiles, and demand related to machinery and electronics was also solid. As a result, net sales surpassed theprevious year’s levels.
In the first nine months of the Group’s consolidated fiscal year, net sales rose by 47,513 million yen (15.2%), from
313,002 million yen in the same period of the previous fiscal year to 360,515 million yen. Operating profit rose
3,649 million yen (23.5%), from 15,559 million yen in the previous fiscal year to 19,208 million yen. Ordinary
profit increased 4,444 million yen (29.4%), from 15,093 million yen in the previous fiscal year to 19,537 million
yen. The profits generated by the transfer of all of the equity that Toyo Rikagaku Kenkyusho Co., Ltd., the Group’s
consolidated subsidiary, owned in its subsidiary were posted as extraordinary income.In addition, Nippon FruehaufCo., Ltd., the Group’s consolidated subsidiary, submitted a recall notification dated December 17, 2021, to the
Ministry of Land, Infrastructure, Transport and Tourism for some of the products they had manufactured in the past,and repairs were begun.The costs related to inspecting and repairing the affected products expected to be incurred in
the future were posted as extraordinary losses. As a result of these factors, profit attributable to owners of parent
increased by 5,790 million yen (61.3%), from 9,440 million yen in the previous fiscal year to 15,230 million yen.
Recently, it was found that products made at some of the Group’s plants did not meet the standards provided in the
Ministry Order on Certification of Conformity with Japanese Industrial Standards for mineral and industrial products
and their processing technology and were shipped with the JIS mark. In light of this, the Group was notified that JIS
certification had been revoked, among other actions, by the JIS certification organization Japan Quality Assurance
Organization. The Special Investigation Committee set up by the Group is continuing its investigations, and the Groupwill strive to prevent any reoccurrence and to restore trust quickly. The monetary impact that this had on consolidated
earnings for the first nine months of the consolidated fiscal year under review is minimal.
An overview of each business segment is provided below.
<Aluminum ingot and chemicals>
In the aluminum chemical sector, the sales volume for mainstay aluminum hydroxide and alumina-related products
increased thanks to an ongoing recovery in demand for products for refractories, automobiles, and ceramic materials.
Sales were also solid for chemical products, especially inorganic chlorides. Accordingly, net sales surpassed theprevious year’s levels. In terms of profitability, income rose over the previous year as well despite the impact ofhigher raw material prices.
In the ingot sector, net sales surpassed the previous year’s levels because, despite the impact of the suspension ofoperations caused by a reduction in auto production, sales continue to recover in the mainstay field of secondary alloy
for automobiles both in Japan and overseas. In terms of profitability, income also increased over the previous year.
As a result of the above, in the first nine months of the consolidated fiscal year under review, net sales in the aluminum
ingot and chemicals segment rose by 27,404 million yen (42.5%), from 64,510 million yen in the previous fiscal year
to 91,914 million yen, and operating profit increased by 3,850 million yen (56.0%), from 6,878 million yen in theprevious fiscal year to 10,728 million yen.
<Aluminum sheet and extrusions>
In the sheet product sector, sales of thick plates for semiconductor and LCD manufacturing equipment continued to
exceed the previous year’s levels due to solid demand. Accordingly, net sales surpassed the previous year’s levels. In
terms of profitability, income rose over the previous year as well.
In the extruded product sector, net sales of products for automobiles increased compared with the previous year’slevels, despite the impact of a decrease in automobile production due to a shortage of semiconductor supplies in Japanand China. In terms of profitability, income also increased over the previous year.
As a result of the above, in the first nine months of the consolidated fiscal year under review, net sales in the aluminum
sheet and extrusions segment increased by 16,926 million yen (24.1%), from 70,347 million yen in the previous fiscal

5year to 87,273 million yen, and operating profit rose by 3,058 million yen (95.6%), from 3,198 million yen in theprevious fiscal year to 6,256 million yen.
<Fabricated products and other>In the transport-related sector, sales in the truck bodies business fell short of the previous year’s levels due to a decline
in sales of completed cars to truck manufacturers and other as a result of the ongoing impact from the drop in chassis
production attributable to an insufficient supply of truck parts, including semiconductors. In terms of profitability, in
addition to a drop in sales, an increase in material prices attributable to a steep rise in the price of aluminum metaland other factors also had an impact, resulting in a decline in income compared with the previous year.
In the industrial parts business, despite some impact from decreased auto production, sales of mainstay brake calipers
in cast products and automotive air-conditioning products in forgings trended strong, and net sales surpassed theprevious year’s levels.
In the panel system division, demand for semiconductor factories and electronic parts factories in the clean room area
increased, but sales fell short of the previous year’s levels due to the impact of postponement of construction for someprojects. In addition, in the refrigerator and freezer area, large projects whose construction periods had been delayed,such as a project for a food processing factory, were resumed, but despite this, sales declined over the previous year.
As a result, net sales in the division overall decreased compared with the previous year.
In the carbon products division, demand for carbon blocks for the steel industry was solid both in Japan and overseas,leading to net sales that surpassed the previous year’s levels.
As a result of the above, in the first nine months of the consolidated fiscal year under review, net sales in the fabricatedproducts and other segment increased by 19 million yen (0.0%), from 113,182 million yen in the previous fiscal year
to 113,201 million yen, but operating profit fell by 2,794 million yen (56.0%), from 4,987 million yen in the previous
fiscal year to 2,193 million yen.
<Aluminum foil, powder, and paste>
In the aluminum foil division, the sale of processed foil for healthcare and for the circuits used with IC cards fortransportation declined, but demand for foil for the outer packaging of lithium-ion batteries and foil for positiveelectrode material was strong for automobiles. As a result, sales in the division overall surpassed the previous year’slevels.
In the powder and paste division, in powder products, sales of aluminum nitride and electronic material aluminum
powder for radiation applications increased, and in paste products, sales for mainstay automobile paints rose over theprevious year despite the impact of the decline in auto production. As a result, net sales in the division overallsurpassed the previous year’s levels.
In the daily necessities division, demand for house-care products for consumers remained solid, despite thereactionary decline in stay-at-home demand, resulting in sales exceeding the previous year’s levels. However, in
products for packaging, sales of aluminum cases for restaurants and convenience stores were low. As a result, net
sales in the division overall undercut the previous year’s levels.
As a result, net sales in the aluminum foil, powder, and paste business in the first nine months of the fiscal year rose
3,164 million yen (4.9%), from 64,963 million yen in the previous fiscal year to 68,127 million yen, but operating
profit fell 239 million yen (8.2%), from 2,926 million yen in the previous fiscal year to 2,687 million yen.

(2) Explanation of consolidated financial position
Status of assets, liabilities, and net assets
At the end of the first nine months of the consolidated fiscal year under review, total assets increased 16,422 million
yen compared with the end of the previous consolidated fiscal year to 523,377 million yen due to an increase ininventories such as merchandise and finished goods and other factors. Liabilities rose 5,893 million yen comparedwith the end of the previous consolidated fiscal year to 305,744 million yen as a result of an increase in notes andaccounts payable-trade and other factors. Total net assets rose 10,529 million yen compared with the end of theprevious consolidated fiscal year to 217,633 million yen due to an increase in retained earnings attributable to theposting of profit attributable to owners of parent. The equity ratio rose from 37.6% at the end of the previous

6consolidated fiscal year to 38.3%.

(3) Explanation of forward-looking information, including consolidated earnings forecasts
In the first nine months of the consolidated fiscal year under review, the Group’s earnings increased over the previous
year, despite insufficient supply of semiconductors and a spike in raw material prices, due to a recovery in demand
related to automobiles, which had stalled from the impact of the COVID-19 pandemic, and higher sales related tomachinery and electronics, among other factors. However, we have left our consolidated earnings forecasts for thefull year, announced in the release of our financial results on May 14, 2021, unchanged because trends in raw
material prices such as aluminum metal prices and the impact of an insufficient supply of semiconductors and otherparts on automobile production makes the outlook uncertain. In addition, we have been notified of the revocation of
JIS certification and others at some of the Group’s factories, and this could affect earnings.
(Note) Earnings forecasts are calculated based on information available at this point and certain assumptions deemed
reasonable, and actual earnings results could differ from forecasts for various reasons.
2.

Notes on Summary Information (Special Notes)(1) Change in significant subsidiaries during the periodNone(2) Application of accounting method specific to preparation of quarterly consolidated financial statement
None(3) Changes in accounting policies, changes in accounting estimates, and restatements
Changes in accounting policies(Application of accounting standard for revenue recognition, etc.)
The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31,
2020, hereinafter “Accounting Standard for Revenue Recognition”) and related implementation guidance from the
beginning of the first quarter of the current consolidated accounting period. Accordingly, revenue is recognized at apoint in time when control of promised goods or services is transferred to the customers, at the amount that is expected
to be received in exchange for the goods or services. The main changes resulting from this application are as follows.
Product sales
With respect to a portion of domestic sales of products for which revenue was previously recognized at the time of
shipment, the accounting method has changed to recognize revenue at the time the product is accepted by thecustomer.
Construction contracts
For construction contracts, previously, the percentage of completion method was applied to construction contracts forwhich the outcome was deemed certain with respect to the progress portion, and the completed contract method wasapplied to other construction contracts. This has changed to revenue recognition over a certain period of time as
performance obligation is satisfied, except for construction contracts that are of small amount and very short period.
In estimating the rate of progress in fulfillment of performance obligation, actual cost incurred as a percentage of total
estimated cost is calculated (input method) where a reasonable measurement of the outcome of performance obligation
can be made. For construction contracts that are of small amount and very short period, revenue is recognized at apoint in time when performance obligations have been completely satisfied.
Agent transactions
For transactions in which the Company’s role is to serve as an agent in the sale of products to customers, previously,
the total amount of consideration received from customers was recognized as revenue. This has changed to7

recognizing revenue as the net amount calculated by deducting the amount paid to third parties from the total amountof consideration received.
The Accounting Standard for Revenue Recognition, etc. (hereinafter in this paragraph referred to as “New Accounting
Policy”) is applied from the balance at the beginning of the first quarter of the current consolidated accounting period,
pursuant to the transitional treatment stipulated in the proviso of paragraph 84 of the Accounting Standard for Revenue
Recognition, in accordance with which the cumulative effect assuming that the New Accounting Policy was applied
retrospectively prior to the beginning of the first quarter of the current consolidated accounting period was added toor deducted from the balance of retained earnings at the beginning of the first quarter of the current consolidated
accounting period. However, with respect to the contracts where nearly all of the revenue amounts had beenrecognized prior to the beginning of the first quarter of the current consolidated accounting period based on theaccounting treatment previously used, the accounting method prescribed in paragraph 86 of the Accounting Standard
for Revenue Recognition was applied and no retrospective application of the New Accounting Policy was conducted.
In addition, by applying the method stipulated in item (1) of the supplementary provision of paragraph 86 of the
Accounting Standard for Revenue Recognition, for any modifications made to contracts before the beginning of thefirst quarter of the current consolidated accounting period, accounting treatment was conducted based on the contract
terms after reflecting all the modifications in the contracts, and the cumulative effect was added to or deducted fromthe balance of retained earnings at the beginning of the first quarter of the current consolidated accounting period.
The impact of the foregoing on net sales, operating profit, ordinary profit, and profit before income taxes for the
consolidated nine months ended December 31, 2021, was insignificant. The beginning balance of retained earnings
increased by 51 million yen.
Due to application of the Accounting Standard for Revenue Recognition, etc., “Notes and accounts receivable –trade,” which were included in “Current assets” in the consolidated balance sheet for the previous fiscal year, areincluded in “Notes and accounts receivable – trade and contract assets” from the first quarter of the current
consolidated accounting period. In accordance with the transitional treatment stipulated in Article 89-2 of the
Accounting Standard for Revenue Recognition, figures for the previous consolidated accounting period have not been
restated using the new presentation method.
(Application of accounting standard, etc. relating to fair value measurement)
The Company applied the “Accounting Standard for Fair Value Measurement” (ASBJ Statement No. 30, July 4,
2019, hereinafter “Accounting Standard for Fair Value Measurement”) and related implementation guidance fromthe beginning of the first quarter of the current consolidated accounting period. Accordingly, pursuant to thetransitional measures prescribed in paragraph 19 of the Accounting Standard for Fair Value Measurement and inparagraph 44-2 of the “Accounting Standard for Financial Instruments” (ASBJ Statement No. 10, July 4, 2019), the
new accounting policy as set forth in the Accounting Standard for Fair Value Measurement, etc., will be applied
prospectively. There is no impact of this application on the quarterly consolidated financial statements.

8

3. Quarterly Consolidated Financial Statements and Important Notes(1) Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, As of December
2021
31, 2021

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable – trade
Notes and accounts receivable – trade and contract assets
Merchandise and finished goods
Work in progress
Raw material and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery and equipment, net
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Goodwill
Other intangible assets
Total intangible assets
Investments and other assets
Other assets
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

961,229133,773
27,394
18,424
19,776
10,570(385)
270,781

40,191
143,747
35,85423,743
27,53918,460(321)
289,213

59,11949,507
6,234
54,6909,555
179,105

59,63548,641
5,852
54,877
5,910
174,915

1,111
5,962
7,073

2,522
9,390
11,91250,541(545)
49,996236,174
506,955

47,891(554)
47,337234,164
523,377

(Millions of yen)
As of March 31, As of December
2021
31, 2021

Liabilities

Current liabilities
Notes and accounts payable – trade
Short-term borrowings
Income taxes payable
Provision for recall
Other current liabilities
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Retirement benefit liability
Provision for environmental measures
Other non-current liabilities
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-sale securities
Deferred gains or losses on hedge
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefits plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

65,81562,6683,327
34,306
166,116

73,23969,8953,344
1,119
30,291
177,888

664
82,897
19,92924,634
5,611
133,735
299,851

690
78,146
20,356
21,694
6,970
127,856
305,744

46,52518,992
119,377(131)
184,763

46,525
19,107
127,936(126)
193,442

3,642
24
145
2,665
(527)
5,949
16,392
207,104
506,955

3,455
23
145
3,805
(554)
6,874
17,317
217,633
523,3770100

(2) Quarterly Consolidated Statements of Income andConsolidated Statements of Comprehensive Income
Quarterly Consolidated Statements of Income(April 1, 2021 – December 31, 2021)(Millions of yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating profit
Share of profit of entities accounted for using equity method
Other
Total non-operating profit
Non-operating expenses
Interest expense
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of subsidiaries and affiliates stocks
Gain on step acquisitions
Gain on sales of non-current assets
Total extraordinary income
Extraordinary Losses
Expenses related to recall
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

11

Nine months
ended
December 31,
2020

Nine months
ended
December 31,
2021

313,002248,683
64,31948,76015,559360,515
289,660
70,85551,647
19,208

474
2,419
2,893

1,285
2,161
3,446

802
2,557
3,359
15,093

771
2,346
3,117
19,537

-

1,962
1,526
910
4,398

15,093
3,526
1,176
4,702
10,391
951
9,440

1,170
1,170
22,765
5,438
1,597
7,035
15,730500
15,230Quarterly Consolidated Statements of Comprehensive Income(April 1, 2021 – December 31, 2021)(Millions of yen)
Nine months
ended
December 31,
2020

Nine months
ended
December 31,
2021

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other comprehensive income of entities accounted forusing equity method

10,391

15,730

951
152
541
186

(205)
0
1,143
(22)

(172)

210

Total other comprehensive income
Comprehensive income
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

1,658
12,04910,981
1,068

1,126
16,856
16,155701

12

(3) Notes regarding the quarterly consolidated financial statements(Notes on premise of going concern)
Not applicable(Notes on significant changes in the amount of shareholders’ equity)
Not applicable(Segment information, etc.)
I. First Nine Months of the Fiscal Year Ended March 31, 2021 (April 1, 2020, to December 31, 2020)
1. Information on net sales and profit (loss) by reporting segment(Millions of yen)
Reporting segments
Quarterly
Adjust- consolidated
Aluminum Aluminum Fabricated Aluminum
ments*1
profit/loss
ingot andsheet and products and foil, powder,Total
posted*2chemicals extrusions
otherand paste
Net sales
Net sales to external－
64,51070,347113,182
64,963313,002
313,002
customers(47,122)－
Intersegment sales
21,681
16,201
8,906
334
47,122or transfers(47,122)
Total
86,19186,548122,088
65,297360,124
313,002(2,430)
Segment profit (loss)
6,878
3,198
4,987
2,926
17,98915,559Notes:*1 The 2,430 million yen negative adjustment to segment profit represents corporate expenses and mainlycomprises expenses related to General Affairs, HR, Accounting, and other head office administration
departments of the Company and Nippon Light Metal Company, Ltd.
*2 Segment profit is adjusted with operating profit on the quarterly consolidated statements of income.
2. Information related to impairment loss of noncurrent assets and goodwill by reporting segment:
Not applicable
II. First Nine Months of the Fiscal Year Ending March 31, 2022 (April 1, 2021, to December 31, 2021)
1. Information on net sales and profit (loss) by reporting segment(Millions of yen)
Reporting segments
Quarterly
Adjustconsolidated
Aluminum Aluminum Fabricated Aluminum
ments*1
profit/loss
ingot andsheet and products and foil, powder,Total
posted*2chemicals extrusions
otherand paste
Net sales
Net sales to external－
91,91487,273
113,201
68,127
360,515360,515
customers(65,360)－
Intersegment sales
37,33918,4489,261
312
65,360or transfers(65,360)
Total
129,253
105,721
122,462
68,439425,875
360,515(2,656)
Segment profit (loss)
10,728
6,256
2,193
2,687
21,864
19,208Notes:*1 The 2,656 million yen negative adjustment to segment income represents corporate expenses and mainlycomprises expenses related to General Affairs, HR, Accounting, and other head office administration
departments of the Company and Nippon Light Metal Company, Ltd.
*2 Segment profit is adjusted with operating profit on the quarterly consolidated statements of income.

13

2. Information related to impairment loss of noncurrent assets and goodwill by reporting segment:(Significant change in the amount of goodwill)In the “aluminum foil, powder, and paste” segment, goodwill increased by 1,753 million yen as a result ofadditional acquisition, on August 5, 2021, of 17.6% of the outstanding shares of Svam Toyal Packaging Industries
Private Limited by Toyo Aluminium K.K., a Group subsidiary, and its consolidation as a Group company.
Note that the amount of goodwill reflects revision of the initially allocated amount of acquisition cost following
finalization of the provisional accounting treatment.

14