Consolidated Financial Results
for the Third Quarter of the Fiscal Year Ending March 31, 2023
(Japan GAAP)
January 31, 2023
Company name:

Nippon Light Metal Holdings Company, Ltd.

Stock exchange listing:Tokyo Stock Exchange

Code number:

5703

URL:

https://www.nikkeikinholdings.com/

Representative:

Ichiro OKAMOTO,

Contact:

Chizu ISHIKAWA,

Phone:+81-3-6810-7160

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

February 6, 2023

Expected date of dividends payment:-

Preparation of supplementary materials for quarterlyYesfinancial results:

Yes (for institutional investors and analysts)

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, 2022
(1) Consolidated Results of Operations (Accumulated Total)
Net sales(% figures show year-on-year changes)
Profit attributable toOrdinary profit
owners of parent

Operating profit

Nine months ended

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

December 31, 2022

385,050

6.8

5,075

(73.6)

5,931(69.6)

4,047(73.4)

December 31, 2021

360,515

15.2

19,20823.5

19,53729.4

15,23061.3(Note) Comprehensive income:Nine months ended
December 31, 2022

Nine months ended December 31, 2022
Nine months ended December 31, 2021

Net profit per share(basic)December 31, 2021

¥ 3,757 million / (77.7%)¥ 16,856 million / 39.9%

Net profit per share(diluted)
Yen

Yen

65.36

－

246.06－(2) Consolidated Financial Position
Total assets
As of December 31, 2022
As of March 31, 2022
(Reference) Shareholders’ equity:

Net assets

Equity ratio

Millions of yen

Millions of yen%

539,116

217,63437.5

532,601

220,907

As of December 31, 2022
As of March 31, 2022

1

38.1

¥201,963 million¥203,089 million

2. Dividends

Annual dividends per share
End of firstquarter

End of second
quarterYen

End of third
quarter

Yen

Fiscal year ended―
40.00
March 31, 2022
Fiscal year ending―
40.00
March 31, 2023
Fiscal year ending
March 31, 2023
(forecasts)(Note) Revisions to dividend forecasts published most recently:

Year-end

Total

Yen

Yen

Yen

―

45.00

85.00

10.00

50.00

―

Yes

For details, please refer to “1. Qualitative Information on Quarterly Results (3) Explanation of forward-looking
information, including consolidated earnings forecasts” on p. 4 of the attached documents.
3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2023
(April 1, 2022–March 31, 2023)(% figures show year-on-year changes)
Net sales

Fiscal year
ending March
31, 2023

Operating profit

Ordinary profit

Millionsof yen%Millions ofyen%Millionsof yen%515,000

5.8

8,000

(64.0)

9,000(60.7)(Note) Revisions to Forecast of Financial Results published most recently:

Profit attributable toowners of parent
Millions%of yen5,000

Net profit
per share(70.2)Yes

For details, please refer to “1. Qualitative Information on Quarterly Results (3) Explanation of forward-looking
information, including consolidated earnings forecasts” on p. 4 of the attached documents.

2

Yen
80.76

*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
(Note) 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. 5 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, 2022
61,993,750 shares
As of March 31, 2022
61,993,750 shares(ii) Number of treasury stock at end of period
As of December 31, 2022
67,622 shares
As of March 31, 2022
98,476 shares(iii) Average number of shares outstanding during the term
For the nine months ended December 31, 2022
61,915,568 shares
For the nine months ended December 31, 2021
61,894,557 shares* 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 results 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. 7 of the attacheddocuments.

3

[Attached documents]
Index
1.Qualitative Information on Quarterly Results ...................................................................................................... 5(1)Explanation of consolidated operating results position................................................................................. 5(2)Explanation of consolidated financial position ............................................................................................. 6(3)Explanation of forward-looking information, including consolidated earnings forecasts ............................ 7
2.Notes on Summary Information (Special Notes) .................................................................................................8(1)Change in significant subsidiaries during the period ......................................................................................8(2)Application of accounting method specific to preparation of quarterly consolidated financial statement ....8(3)Changes in accounting policies, changes in accounting estimates, and restatements ................................... 8
3.Quarterly Consolidated Financial Statements and Important Notes .................................................................... 9(1)Quarterly consolidated balance sheets ..........................................................................................................9(2)Quarterly consolidated statements of income and consolidated statements of comprehensive income ........11
Quarterly consolidated statements of income (April 1, 2022 – December 31, 2022) ...................................11
Quarterly consolidated statements of comprehensive income (April 1, 2022 – December 31, 2022) ..........12(3)Notes regarding the quarterly consolidated financial statements ................................................................. ...13(Notes on premise of going concern) ............................................................................................................13(Notes on significant changes in the amount of shareholders’ equity)........................................................ ....13(Segment information, etc.) ...........................................................................................................................134

1.

Qualitative Information on Quarterly Results(1) Explanation of consolidated operating results position
In the first three quarters of the current consolidated fiscal year, the outlook for the global economy remained
uncertain. While economic activity began to normalize as COVID-19 restrictions were eased and economic activity
gradually recovered, skyrocketing raw material and fuel prices and cuts in automobile production continue to have an
impact, while rapid fluctuations in exchange rates, inflation pressures and the prolonged conflict in Ukraine also cloud
the outlook.
The Group continues to be influenced by the production cutbacks in automobile and truck chassis, and the correction
in semiconductor-related demand such as semiconductor manufacturing equipment has affected sales. However, sales
prices were increased to reflect the situation in the aluminum ingot market and sales price revisions were applied in
response to the surging price of purchased goods such as raw material and fuel. As a result, net sales surpassed levelsin the same period of the previous year. From a profitability standpoint, however, operating profit, ordinary profit,and profit attributable to owners of parent decreased significantly year on year due to lower sales in the truck bodybusiness and in the automobile business including the lithium-ion battery business, as well as of thick sheets forsemiconductor manufacturing equipment, along with higher costs resulting from the soaring price of purchased goods.
In the first three quarters of the Group’s consolidated fiscal year under review, net sales rose by 24,535 million yen(6.8%) year on year, from 360,515 million yen to 385,050 million yen. However, operating profit decreased by 14,133
million yen (73.6%) year on year, from 19,208 million yen to 5,075 million yen. Ordinary profit decreased by 13,606
million yen (69.6%) year on year, from 19,537 million yen to 5,931 million yen. Profit attributable to owners of parent
decreased by 11,183 million yen (73.4%) year on year, from 15,230 million yen to 4,047 million yen.
An overview of each business segment is provided below.
<Aluminum ingot and chemicals>
In the aluminum chemical division, sales for mainstay aluminum hydroxide and alumina-related products forrefractories decreased, but sales for flocculants were solid, and in chemical products, sales of organic chlorinecompounds increased year on year. This, coupled with the revisions of sales prices, resulted in net sales that exceeded
levels in the same period of the previous fiscal year. In terms of profitability, operating profit decreased year on year
due to the impact of soaring raw material and fuel prices.
The ingot division saw an increase in net sales compared to the same period of the previous fiscal year. This was
because, in the mainstay secondary alloy for automobiles, sales volume exceeded levels in the previous year despite
the impact of automobile production cutbacks in Japan and the supply chain issues resulting from lockdowns in China,
and in the first half of the current fiscal year the sales price was increased to reflect the aluminum ingot price. On the
profit side, operating profit fell short of the previous year’s levels due to rising costs attributable to the spike in theprice of fuel and other materials.
As a result of the above, net sales in the aluminum ingot and chemicals segment in the first three quarters of the current
consolidated fiscal year increased by 25,870 million yen (28.1%) year on year, from 91,914 million yen to 117,784
million yen, however operating profit fell by 2,191 million yen (20.4%) year on year, from 10,728 million yen to8,537 million yen.
<Aluminum sheet and extrusions>
In the aluminum sheet division, net sales and operating profit both fell over the same period of the previous fiscal
year. On the sales side, this can be attributed to the impact of the decline in sales for lithium-ion batteries and correction
in demand for thick sheets for semiconductor manufacturing equipment. On the profit side, costs rose due toskyrocketing raw material and fuel prices, and the decline in aluminum ingot prices also had an impact.
In the extruded products division, net sales were unchanged from levels in the same period of the previous fiscal year
because, although the drop in sales for truck bodies had a significant impact, price revisions were made in response
to surging raw material and fuel prices. On the profit side, operating profit fell over the same period of the previous
fiscal year due to the production cutbacks of automobile and truck chassis and the decline in aluminum ingot prices.
As a result of the above, net sales in the aluminum sheet and extrusions segment in the first three quarters of thecurrent consolidated fiscal year decreased by 5,104 million yen (5.8%) year on year, from 87,273 million yen to 82,169
million yen, and operating loss amounted to 214 million yen, a negative difference of 6,470 million yen compared tothe same period of the previous fiscal year, which saw a profit of 6,256 million yen.
<Fabricated products and others>5In the transport-related division, net sales of the truck body business fell short of levels in the same period of theprevious fiscal year due to the ongoing production cuts of truck chassis and supply chain disruptions. In terms of
profitability, operating profit fell far short of levels in the same period of the previous fiscal year, resulting in a loss,
due to a substantial drop in units sold and a significant impact of an increase in the price of aluminum, steel and othermaterials, as well as a time lag before the effects of sales price revisions materialize.
In the panel system division, the freezing and refrigeration field saw active capital investment in distribution centers
due to an increase in the use of frozen food and e-commerce, however sales were unchanged from the same period of
the previous fiscal year due in part to the impact of difficulties in procuring construction materials for some large
projects. The clean room field was supported for higher demand for industrial clean rooms for semiconductor-related
manufacturers such as semiconductor manufacturing equipment, and as a result, net sales in the division as a whole
exceeded levels in the same period of the previous fiscal year. Due to higher sales, profits were up compared to thesame period of the previous fiscal year, despite the impact of skyrocketing raw material prices.
As a result of the above, net sales in the fabricated products and others segment decreased by 4,802 million yen (4.2%)
to 108,399 million yen in the first three quarters of the current consolidated fiscal year, compared to 113,201 million
yen in the same period of the previous fiscal year. Operating loss amounted to 1,796 million yen, a negative differenceof 3,989 million yen compared to the same period of the previous fiscal year, which saw a profit of 2,193 million yen.
<Aluminum foil, powder, and paste>
The aluminum foil division saw an increase in net sales for the entire division year on year although sales of foils forautomobile lithium-ion battery exteriors fell over the previous year due to the ongoing automobile production
cutbacks. This is due to sales of processed foil for medical product packaging exceeding the previous year’s levels,
higher sales prices reflecting conditions in the aluminum ingot market, and sales price revisions in response to thesteep rise in raw material and fuel prices.
In the powder and paste division, powder products recorded lower sales than in the same period of the previous fiscal
year due to the impact of the start of inventory corrections, although they were supported by solid demand foraluminum powder for electronic materials and aluminum nitride for heat dissipation. On the other hand, paste products
recorded higher sales than in the same period of the previous fiscal year as overseas sales surpassed levels in the same
period of the previous fiscal year, partly due to orders in anticipation of a recovery in auto production, even as domestic
sales for automobile applications remained sluggish due to the ongoing impact of automobile production cutbacks. As
a result, the powder and paste division as a whole recorded higher sales than in the same period of the previous fiscal
year.
In the daily necessities division, in consumer products, sales of house-care products and aluminum foil were solid,
sales of paper packaging products for frozen foods were strong, and sales prices were revised to address soaring raw
material prices. As a result, division-wide net sales exceeded the previous year’s level.
As a result of the above, net sales of the aluminum foil, powder, and paste segment in the first three quarters of thecurrent consolidated fiscal year increased by 8,571 million yen (12.6%) year on year, from 68,127 million yen to76,698 million yen. However, in terms of profitability, operating profit decreased by 1,322 million yen (49.2%) year
on year, from 2,687 million yen to 1,365 million yen, largely due to the cost increase caused by soaring raw material
and fuel prices.
(2) Explanation of consolidated financial position
Status of assets, liabilities, and net assets
As of the end of the third quarter of the current consolidated fiscal year, total assets increased by 6,515 million yen
compared to the end of the previous consolidated fiscal year to 539,116 million yen, primarily due to an increase ininventories such as merchandise and finished goods attributable to a spike in the price of purchased goods such as fueland materials, among other factors. Liabilities increased by 9,788 million yen compared to the end of the previous
consolidated fiscal year to 321,482 million yen as a result of an increase in short-term borrowings due to an increasein operating capital, among other factors. Net assets decreased by 3,273 million yen compared to the end of theprevious consolidated fiscal year to 217,634 million yen, due to a decrease in retained earnings resulting from thepayment of dividends, among other factors. The equity ratio fell from 38.1% at the end of the previous consolidated
fiscal year to 37.5%.

6

(3) Explanation of forward-looking information, including consolidated earnings forecasts
The forecast of the full-year consolidated financial results, which was disclosed on September 29, 2022, and theforecast of the fiscal year-end dividend, which was disclosed on May 16, 2022, have been revised as follows.
Full-year consolidated financial results forecast for the fiscal year ending March 31, 2023
(from April 1, 2022 to March 31, 2023)

Previous forecast (A) announced on
September 29, 2022
Revised forecasts (B) announced on
January 31, 2023
Amount of change (B-A)
Percent change (%)(Ref)
Results of the previous fiscal year
(Fiscal year ended March 31, 2022)

Net sales

OperatingprofitOrdinary
profitProfitattributableto owners ofparentMillions of yen

Millions of yen

Millions of yen

Millions of yen

10,000161.56

515,000

8,000

9,000

5,000

80.76

0
0

(4,500)(36.0)(6,000)(40.0)(5,000)(50.0)––

486,579

22,19822,92816,759270.77515,000

12,50015,000Net profit
per share
Yen

We anticipate that it will take more time for auto production and truck body businesses to recover and that thecorrection in semiconductor-related demand, such as thick plates for semiconductor manufacturing equipment, willcontinue. Given this, we now expect consolidated financial results for the full fiscal year to fall short of the forecasts
previously released on September 29, 2022.
Revision of fiscal year-end dividend forecast
First
quarterPrevious forecast
Announced on May 16, 2022
Revised forecasts
Announced on January 31, 2023
Results for the fiscal year ending
March 31, 2023
Ref)
Results of the previous fiscal year
(Fiscal year ended March 31, 2022)

Secondquarter

Yen

Annual dividends
FiscalThird
quarter
year-end

Yen

–

40.00

–

40.00

–

40.00

Yen

Total

Yen

Yen

–

45.00

85.00

–

10.00

50.00

–

45.00

85.00

The Company’s basic policy on profit distribution is “to return profits to its shareholders by comprehensively taking
into consideration its consolidated financial results and other factors from medium- and long-term perspectives
while reinforcing its financial strength and management foundation.”
As a result of comprehensively taking into consideration such factors as the revision of the full-year consolidated
financial results forecast and the business environment outlook, the Company regrettably is revising down its fiscal
year-end dividend forecast to 10 yen from the previous forecast of 45 yen, and the annual dividend forecast to 50 yen
from the previous forecast of 85 yen.
(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.

7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 guidelines on the application of accounting standards, etc. relating to fair value measurement)
The Company has decided to apply the Application Guidelines for the Accounting Standards for Fair Value
Measurement (Application Guidelines for the Company Accounting Standards No. 31; June 17, 2021; hereinafter the“Application Guidelines for the Accounting Standards for Fair Value Measurement”) starting at the beginning of thefirst quarter of the current fiscal year and to apply going forward the new accounting policies as stipulated in the
Application Guidelines for the Accounting Standards for Fair Value Measurement, in accordance with the transitional
treatment prescribed by Article 27-2 of said guidelines. There is no impact of this application on the quarterly
consolidated financial statemen

83. Quarterly Consolidated Financial Statements and Important Notes(1) Quarterly consolidated balance sheets(Millions of yen)
As of March 31,2022

As of Dec. 31,
2022

AssetsCurrent assets
Cash and deposits
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
Total intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

945,188144,178
39,45021,72928,21818,350(386)
296,727

30,116
156,950
48,114
24,64029,873
19,072(311)
308,454

59,32247,8685,849
54,904
7,980
175,92358,88147,601
6,078
55,005
5,428
172,993

2,442
9,948
12,390

1,912
9,838
11,75048,112(551)
47,561
235,874
532,601

46,470(551)
45,919230,662
539,116(Millions of yen)
As of March 31,2022

As of Dec. 31,
2022

Liabilities

Current liabilities
Notes and accounts payable – trade
Short-term borrowings
Income taxes payable
Provision for recall
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Retirement benefit liability
Provision for environmental measures
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-sale securities
Deferred gains or losses on hedges
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

10

72,32478,245
4,264
1,098
34,611
190,542

75,81093,283519
219
31,043200,874

734
76,427
18,776
18,253
6,962
121,152
311,694

796
77,317
19,221
15,767
7,507
120,608
321,482

46,525
19,107
129,465(130)
194,967

46,52519,087
127,471(92)
192,991

2,821
186
145
5,555
(585)
8,122
17,818220,907532,601

3,301
(125)
145
6,410
(759)
8,972
15,671
217,634
539,116(2) Quarterly consolidated statements of income andconsolidated statements of comprehensive income
Quarterly consolidated statements of income(April 1, 2022 – December 31, 2022)(Millions of yen)
Nine months
ended
Dec. 31, 2021

Nine months
ended
Dec. 31, 2022

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 sale of shares of subsidiaries and associates
Gain on step acquisitions
Gain on sale of non-current assets
Total extraordinary income
Extraordinary Losses
Expense related to recall
Total extraordinary losses
Profit before income taxes
Income taxes - current

360,515
289,660
70,85551,647
19,208385,050
327,844
57,20652,131
5,075

1,285
2,161
3,446

1,648
3,539
5,187

771
2,346
3,117
19,537

961
3,370
4,331
5,931

1,962
1,526
910
4,398

－
－
－
－

1,170
1,170
22,765
5,438

－
－
5,931
1,255

Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

1,597
7,035
15,730500
15,230

1,952
3,207
2,724
(1,323)
4,047

11

Quarterly consolidated statements of comprehensive income(April 1, 2022 – December 31, 2022)(Millions of yen)
Nine months
ended
Dec. 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 for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

12

Nine months
ended
Dec. 31, 2022

15,730

2,724

(205)
0
1,143
(22)
210
1,126
16,856
16,155
701

536
(316)
263
(169)
719
1,033
3,757
4,897
(1,140)(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, 2022 (April 1, 2021 to December 31, 2021)
1. Information on net sales and profit (loss) by reporting segment(Millions of yen)
Reporting segments
FabricatedQuarterly
consolidated

ments*1

profit/loss

Aluminumingot andsheet and products and foil, powder,chemicals

extrusions

91,91487,273

113,201

68,127

360,515－360,51537,33918,4489,261

312

65,360(65,360)－

Total

129,253

105,721

122,462

68,439425,875(65,360)

360,515

Segment profit (loss)

10,728

6,256

2,193

2,687

21,864(2,656)

19,208other

Aluminum

Adjust-Aluminum

Total

posted*2

and paste

Net sales
Net sales to externalcustomers
Intersegment sales
or transfers

Notes:*1 The 2,656 million yen negative adjustment to segment profit(loss) represents corporate
expenses and mainly comprises expenses related to General Affairs, HR, Accounting, andother head office administration departments of the Company and Nippon Light Metal
Company, Ltd.
*2 Segment profit (loss) 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:(Important fluctuations in goodwill)In the “aluminum foil, powder, and paste” segment, goodwill increased by 1,753 million yen as aresult of additional 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.

II. First Nine Months of the Fiscal Year Ending March 31, 2023 (April 1, 2022 to December 31, 2022)
1. Information on net sales and profit (loss) by reporting segment(Millions of yen)
Reporting segments

13

Adjust-QuarterlyAluminum Aluminum

FabricatedAluminumments*1

consolidated

ingot andsheet and products and foil, powder,chemicals

extrusions

117,784

82,169108,399

76,698385,050－

385,050

45,98619,157

10,723296

76,162(76,162)－

Total

163,770

101,326

119,122

76,994461,212(76,162)

385,050

Segment profit (loss)

8,537

(214)

(1,796)

1,365

7,892

(2,817)

5,075

other

Total

profit/loss
posted*2

and paste

Net sales
Net sales to externalcustomers
Intersegment sales
or transfers

Notes:*1 The 2,817 million yen negative adjustment to segment profit (loss) represents corporate
expenses and mainly comprises expenses related to General Affairs, HR, Accounting, andother head office administration departments of the Company and Nippon Light Metal
Company, Ltd.
*2 Segment profit (loss) 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 applicable14